Stocks To Watch Today: Adani Ports, Delhivery, Metropolis, New India Assurance, Zomato
Here are the stocks to watch going into trade today.
Asian stocks fluctuated while U.S futures fell as traders weighed potential slowdown in the global economy and China's measures to boost growth.
Equities were volatile in Japan, Australia and South Korea. Nasdaq futures tumble after Snap Inc. said it would not meet revenue and profit forecasts for the second quarter. Futures of Meta Platforms Inc. and Alphabet Inc. tumbled following Snap's statement. The Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50, rose nearly 0.5% to 16,253 points as of 6:30 am.
In focus today are U.S. President Joe Biden’s comments that China tariffs imposed by the Trump administration are being reviewed. Elsewhere, West Texas Intermediate crude fell 0.5% to $109.74 a barrel. Bitcoin fell nearly 4% to $29,000.
Here are the stocks to watch in today's trade
Maruti Suzuki: The carmaker has bought 12.09% stake in AI software company Sociograph Solutions for Rs 1.99 crore to create customised sales experience on the web, and in virtual and augmented reality.
Marico: The consumer goods maker has acquired 53.98% stake in healthy breakfast and snack company HW Wellness.
Natco Pharma: FMC Corporation has filed a suit against the company for a Process Patent in Delhi High court. The patent covers a process to prepare Chlorantraniliprole that is set to expire on Dec. 6, 2025.
Earnings Post Market Hours
Steel Authority of India Q4 FY22 (Consolidated, YoY)
Revenue up 32.1% at Rs 30,758.82 crore
EBITDA down 29.52% at Rs 4,337.56 crore
EBITDA margin at 14.1% vs 26.43%
Net profit down 28.56% at Rs 2,478.82 crore
Recommended final dividend of Rs 2.25 per share
Zomato Q4 FY22 (YoY)
Revenue up 75% at Rs 1,211 crore
EBITDA loss at Rs 449 crore vs EBITDA loss of Rs 154 crore
Net loss at Rs 360 crore vs net losss at Rs 134 crore
Gross Order Value at Rs 585 crore vs Rs 331 crore
Average monthly transacting customers: 1.57 crore vs 0.98 crore
Also Read: Zomato's Q4 Loss Widens Even As Revenue Jumps 75%
Bharat Electronics Q4 FY22 (Consolidated, YoY)
Revenue down 8.35% at Rs 6,339.81 crore
EBITDA down 20.36% at Rs 1,577.53 crore
EBITDA margin at 24.88% vs 28.64%
Net profit at 15.63% at Rs 1,154.2 crore
Recommended final dividend of Rs 1.5 per share
Ramco Cements Q4 FY22 (Consolidated, YoY)
Revenue up 4.88% at Rs 1713.4 crore
EBITDA down 34.32% at Rs 294.90 crore
EBITDA margin at 17.21% vs 27.48%
Net profit down 45.15% at Rs 118.57 crore
Recommended dividend of Rs 3 per share
The New India Assurance Company Q4 FY22 (Consolidated, QoQ)
Revenue down 8.2% at Rs 8,132.61 crore
EBITDA loss at Rs 945.52 crore vs EBITDA profit at Rs 93.41 crore
EBITDA margin at -11.63% vs 1.05%
Net loss at Rs 549.8 crore vs net profit at Rs 493.91 crore
Recommended final dividend of Rs 0.3 per share
Graphite India Q4 FY22 (Consolidated, YoY)
Revenue up 49.38% at Rs 844 crore
EBITDA up 12.82% at Rs 88 crore
EBITDA margin at 10.43% vs 13.81%
Net profit up 48.44% at Rs 95 crore
Recommended dividend of Rs 10 per share
Appointed MK Chhajer as chief financial officer
BirlaSoft Q4 FY22 (Consolidated, QoQ)
Revenue up 2.76% at Rs 1101.44 crore
EBIT up 7.35% at Rs 154.58 crore
EBIT margin at 14.03% Vs 13.43%
Net profit up 16.61% at Rs 132.89 crore
Recommended final dividend of Rs 3 per share
Approved buyback of up 78 lakh shares at Rs 500 apiece
Vaibhav Global Q4 FY22 (Consolidated, YoY)
Revenue down 8.7% at Rs 685.18 crore
EBITDA down 54.83% at Rs 38.36 crore
EBITDA margin at 5.6% vs 11.32%
Net profit down 60.9% at Rs 27.2 crore
Earnings Today: Adani Ports, Grasim Industries, Zee Media Corporation, Balrampur Chini, Dalmia Bharat Sugar and Industries, Ipca Laboratories, Jyothy Labs, RITES, Strides Pharma Science, Gujarat Alkalies and Chemicals, Asian Granito, e-Clerx Services, Bank of India, Aster DM Healthcare, Minda Industries, Metropolis Healthcare
Offering
Aether Industries: The company aims to raise as much as Rs 808 crore by issuing fresh stock worth Rs 627 crore at Rs 610-642 apiece and via an offer for sale of 28.20 crore shares by promoters and other selling shareholders. The company has raised Rs 236.52 crore from anchor investors.
Also Read: Aether Industries IPO: All You Need To Know
Listing Today
Delhivery: The IPO was subscribed 1.63 times.
Venus Pipes and Tubes: The IPO was subscribed 16.31 times.
Pledged Shares Details
Elgi Equipments: Promoter Group Elgi Rubber Company created a pledge of 6.64 lakh shares between May 17 and May 18.
Aurobindo Pharma: Promoter K Nityananda Reddy created a pledge of 4 lakh shares on May 19.
Insider Trades
Maharashtra Scooters: Promoter Group Bachhraj Factories bought 1,654 shares between May 18 and May 19.
Bajaj Holdings & Investment: Promoter Group Jamnalal Sons bought 35,025 shares between May 18 and May 19.
Mangalam Cement: Promoter Vidula Consultancy Services bought 5 lakh shares on May 20.
Geojit Financial Services: Promoter BNP Paribas bought 3.5 lakh shares on May 20.
Bulk Deals
ADF Foods: Sixth Sense India Opportunities III bought 9.2 lakh (4.18%) shares at Rs 700.67 apiece. Authum Investment & Infrastructure sold 10 lakh (4.55%) shares at Rs 700.67 apiece.
Who's Meeting Whom
Strides Pharma Science: To meet analysts and investors on May 25.
Rupa & Company: To meet analysts and investors on May 24.
AGS Transact Tech: To meet analysts and investors on May 30.
Info Edge (India): To meet analysts and investors on May 30.
Repco Home Finance: To meet analysts and investors on May 25.
Tube Investments: To meet IIFL Asset Management on May 26.
V-Mart Retail: To meet analysts and investors on May 26.
Cochin Shipyard: To meet analysts and investors on May 26.
Praj Industries: To meet analysts and investors on May 26.
Arvind Fashions: To meet analysts and investors on May 30.
J. Kumar Infraprojects: To meet analysts and investors on May 31.
RSWM: To meet analysts and investors on May 30.
Apollo Hospitals: To meet analysts and investors on May 30.
Galaxy Surfactants: To meet analysts and investors on May 24.
Astra Microwave: To meet analysts and investors on May 26.
Bodal Chemicals: To meet analysts and investors on May 27.
IndiaBulls Housing Finance: To meet analysts, investors on May 24.
Rolex Rings: To meet analysts and investors on May 24.
GAIL (India): To meet analysts and investors on May 30.
Shoppers Stop: To meet HDFC Mutual Fund on May 25.
GE Power: To meet analysts and investors on May 31.
Oriental Carbon: To meet analysts and investors on May 26.
Max Ventures: To meet analysts and investors on May 25.
Sagar Cements: To meet analysts and investors on June 3.
Varroc Engineering: To meet analysts and investors on May 30.
Trading Tweaks
Price Band Revised From 10% To 20%: JSW Energy
Price Band Revised From 20% To 10%: Nava Bharat Ventures
Price Band Revised From 20% To 5%: Orissa Minerals
Record Date Interim Dividend: Dolat Algotech, Coforge, Caplin
Record Date Final Dividend: Angel One
Ex-Date Interim Dividend: Kennametal India
Move Into Short-Term ASM Framework: JK Lakshmi Cement, Welspun Corp