Stocks To Watch Today: Bharti Airtel, DLF, Indian Oil, IndiGo, ITC, Jet Airways
Here are the stocks to watch going into trade today..
Asian stocks rose Wednesday after a rally in U.S. stocks amid hopes of an easing crackdown on Chinese technology firms.
Treasuries fell after U.S. Federal Reserve Chair Jerome Powell said that the central bank "won't hesitate" to tighten monetary policy beyond neutral to address inflation under control.
Equity advanced in Japan and Australia. U.S. futures gained after the S&P 500 and Nasdaq 100 added at least 2%. The Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50, was little changed at 16,271 points as of 6:00 am.
Crude rose to $114 per barrel. Bitcoin hovered around $30,300.
Here are the stocks to watch in today's trade:
Motilal Oswal: The brokerage has approved buyback of 14.54 lakh shares at Rs 1,100 per share.
Jet Airways: The airline successfully conducted proving flights over two days. It expects to get the air operator certificate from DGCA.
Bharat Rasayan: A fire occurred at one block of the Dahej plant, and the cause of fire is under investigation. The company has full insurance coverage for the same.
TVS Motor: The company will divest its entire stake in Intellicar to Fabric IOT for Rs 45 crore. The divestment is part of the value creation initiatives on its digital portfolio, said Rajesh Narasimhan, Director and CEO of TVS Digital.
Zydus Lifesciences: The company will consider buyback of shares on May 20.
EKI Energy: The company approved migration of from SME platform of BSE to Main Board of BSE.
Earnings: Aditya Birla Fashion and Retail, Barbecue Nation Hospitality, Arvind Ltd., Brookfield India Real Estate Trust REIT, Finolex Industries, Gujarat Pipavav Port, Granules India, Indraprastha Gas, InterGlobe Aviation (IndiGo), Indian Overseas Bank, ITC Ltd., JK Lakshmi Cement, LIC Housing Finance, Lupin, Manappuram Finance, Navneet Education, Pidilite Industries, Route Mobile, Sandur Manganese & Iron Ores, Shyam Metalics and Energy, TeamLease Services, Westlife Development
Earnings Post Market Hours
Bharti Airtel Q4 FY22 (Consolidated, QoQ)
Revenue up 5.47% at Rs 31,500 crore
EBITDA up 9.1% at Rs 16,040 crore
EBITDA margin 50.92% vs 49.23%
Net profit up 142% at Rs 2,007.8 crore
ARPU up 7.2% at Rs 178 vs Rs 163
Appoints two new independent directors
Indian Oil Q4 FY22 (Consolidated, YoY)
Revenue up 26.14% at Rs 2,09,049.16 crore
EBITDA down 0.47% at Rs 14,272.63 crore
EBITDA margin 6.83% vs 8.65%
Net profit down 26.38% at Rs 6,645.72 crore
Recommended issue of bonus shares in the ratio of 1:2
Recommended final dividend of Rs 3.6 per share
Dr. Lal Pathlabs Q4 FY22 (Consolidated, YoY)
Revenue up 13% at Rs 486 crore
Net profit down 27% at Rs 61 crore
EBITDA fell 1% to Rs 121 crore
EBITDA margin at 24.9% vs 28.3%
EPS at Rs 7.41 per share Vs Rs 10.1
PI Industries Q4 FY22 (Consolidated, YoY)
Revenue up 16.5% at Rs 1,395.2 crore vs Rs 1,197.1 crore
EBITDA up 34.12% at Rs 305 crore vs Rs 227.4 crore
EBITDA margin at 21.86% vs 19%
Net profit up 13.68% at Rs 204.4 crore
Recommended final dividend of Rs 3 per share
DLF Q4 FY22 (Consolidated, YoY)
Revenue fell 9.65% at Rs 1,547.26 crore
EBITDA fell 19% at Rs 367.54 crore
EBITDA margin at 23.75% vs 26.50%
Net profit fell 15.7% to Rs 405.33 crore
Recommended dividend of Rs 3 per share
GMR Infrastructure Q4 FY22 (Consolidated, YoY)
Revenue fell 17.48% at Rs 1,283.6 crore
EBITDA fell 32% to Rs 534.15 crore
EBITDA margin at 41.61% vs 50.5%
Net loss at Rs 128.95 crore vs Rs 723.36 crore
EID Parry (India) Q4 FY22 (Consolidated, YoY)
Revenue up 46.19% at Rs 5,667.34 crore
EBITDA up 128.5% at Rs 619.04 crore
EBITDA margin at 10.92% vs 7%
Net profit at Rs 302.52 crore vs net loss of Rs 6.34 crore
IRB Infrastructure Developers Q4 FY22 (Consolidated, YoY)
Revenue fell 10.72% at Rs 1,433.62 crore Vs Rs 1,605.84 crore
EBITDA fell 15.6% at Rs 641.58 crore Vs Rs 760.08 crore
EBITDA margin 44.75% Vs 47.33%
Net profit fell 26.22% at Rs 162.07 crore Vs Rs 219.68 crore
Jubilant Ingrevia Q4 FY22 (Consolidated, YoY)
Revenue up 89.4% at Rs 1,295.75 crore
EBITDA up 12% at Rs 142.37 crore
EBITDA margin at 11% vs 18.58%
Net profit up 26.18% at Rs 68.59 crore
NOCIL Q4 FY22 (Consolidated, YoY)
Revenue up 43.7% at Rs 462.74 crore
EBITDA up 111.58% at Rs 114.93 crore
EBITDA margin at 24.84% vs 16.87%
Net profit up 84.62% at Rs 68.92 crore
Recommended dividend of Rs 3 per share
Minda Corp. Q4 FY22 (Consolidated, YoY)
Revenue up 19.35% at Rs 947.76 crore
EBITDA up 21.08% at Rs 107.74 crore
EBITDA margin 11.37% vs 11.21%
Net profit up 39% at Rs 75.86 crore
Recommended final dividend of Rs 0.7 per share
Offering
Ethos Ltd.: The retailer of luxury watches will sell fresh stock worth Rs 375 crore in a share price band of Rs 836-878 apiece. It has raised Rs 141.68 crore through nine anchor investors. The three-day IPO opens today.
Pledged Shares Details
Future Enterprises: Promoter Group Central Departmental Stores invoked a pledge of 30 lakh on May 12.
Emami: Promoter Group Sneha Enclave created a pledge of 4.98 lakh shares between May 12 and May 13. Promoter Group Suraj Finvest created a pledge of 8.98 lakh shares between May 12 and May 13.
Sobha: Promoter Puthan Naduvakkatt Chenthamaraksha Menon created a pledge of 32.5 lakh shares on May 13.
Future Consumer: Promoter Future Capital Investment invoked a pledge of 1.15 crore shares on May 12.
Future Retail: Promoter Future Corporate Resources invoked a pledge of 37.46 lakh shares on May 12.
Insider Trades
Usha Martin: Promoter Amisha Jhawar bought 39,000 shares between May 13 and May 17.
Mastek: Promoter & Director Ashank Desai bought 3,750 shares on May 11.
GNA Axles: Promoter Group Harwinder Singh bought 4,600 shares on May 13, Promoter Group Rupinder Singh bought 4,250 shares on May 12, Promoter Group GNA Gears bought 660 shares between May 12 and May 16.
Block Deals
HDFC Bank: Blackrock Global Funds India Fund bought 3.86 lakh (0.006%) shares at Rs 1,306.15 apiece. Merrill Lynch India Equities Fund (Mauritius) sold 3.86 lakh (0.006%) shares at Rs 1,306.15 apiece.
Bulk Deals
Cigniti Technologies: Mithun Chand Chennamaneni bought 1.44 lakh (0.51%) shares at Rs 345.59 apiece.
Who's Meeting Whom
Punjab & Sind Bank: To meet investors and analysts on May 19.
Navneet Education: To meet investors on May 19.
Nuvoco Vistas Corp.: To meet investors and analysts on May 24.
Brookfield India REIT: To meet investors and analysts on May 19.
Dixon Technologies (India): To meet Birla Life, ICICI Prudential Mutual Fund, Invesco Mutual Fund, Axis Mutual Fund and PNB MetLife on May 17.
Expleo Solutions: To meet investors and analysts on May 19.
Kirloskar Oil Engines: To meet investors and analysts on May 20.
Indian Energy Exchange: To meet UTI Mutual Fund on May 18.
Ashok Leyland: To meet investors and analysts on May 20.
Dodla Dairy: To meet investors and analysts on May 20.
Dollar Industries: To meet investors and analysts on May 24.
Hindustan Foods: To meet investors and analysts on May 23.
Barbecue Nation Hospitality: To meet investors and analysts on May 18.
Metro Brands: To meet investors and analysts on May 23.
GMR Infrastructure: To meet investors and analysts on May 18.
Indigo Paints: To meet investors and analysts on May 23.
Panama Petrochem: To meet investors and analysts on May 31.
Muthoot Capital Services: To meet investors and analysts on May 18.
Crisil: To meet L&T Mutual Funds on May 23 and IDFC Mutual Funds on May 24.
Trading Tweaks
Price Band Revised From 10% To 5%: TD Power Systems
Record Date Interim Dividend: The Great Eastern Shipping Company
Record Date Dividend: Mindspace Business Parks REIT
Move Into Short-Term ASM Framework: TD Power Systems
Move Out Of Short-Term ASM Framework: Adani Green Energy, BLS International Services, Gujarat Industries Power Company, Uttam Sugar Mills
