All You Need To Know Going Into Trade On November 12

U.S. Treasuries extended a selloff Friday on concern about high inflation and the prospect of faster monetary-policy tightening. Asian stocks rose after a rebound in Chinese shares bolstered sentiment.

The 10-year U.S. Treasury yield increased as much as three basis points when trading resumed following a holiday. The yield spread between the 5-year and 30-year maturities narrowed.

The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance, added 0.28% to 17,976, as of 7:00 a.m.

In the stock market, Japan, South Korea and Australia climbed. A gauge of U.S.-listed Chinese stocks surged overnight. S&P 500 futures were in the green after the index snapped a two-day drop.

The dollar held a rally in the wake of the inflation print. Oil slipped, while gold and Bitcoin held gains.

Earnings Post Market Hours

Tata Steel Q2FY22 (Consolidated, QoQ)

• Revenue up 12.9% at Rs 60,282.78 crore Vs Rs 53,371.81 crore (BBG estimate: Rs 59,034.7 crore)

• Net profit up 33.8% at Rs 11,918.11 crore Vs Rs 8,906.95 crore (BBG estimate: Rs 11,199.2 crore)

• Ebitda up 2.1% at Rs 16,456.12 crore Vs Rs 16,110.46 crore (BBG estimate: Rs 19,025.4 crore)

• Margin at 27.3% vs 30.2%

Power Finance Corporation Q2FY22 (Consolidated, YoY)

• NII up 16% at Rs 8,033.02 crore Vs Rs 6,917.9 crore

• Net profit up 17% at Rs 5,023.42 crore Vs Rs 4,289.74 crore

• Declared second interim dividend of Rs 2.50 per share

NHPC Q2FY22 (Consolidated, YoY)

• Revenue up 1% at Rs 2,940.63 crore Vs Rs 2,899.56 crore

• Net profit up 7% at Rs 1,386.80 crore Vs Rs 1,300.40 crore

• Ebitda up 3% at Rs 1,887.86 crore Vs Rs 1,834.56 crore

• Margin at 64.2% Vs 63.3%

NMDC Q2FY22 (Consolidated, YoY)

• Revenue at Rs 6,793.51 crore Vs Rs 2,229.89 crore

• Net profit at Rs 2,338.63 crore Vs Rs 772.53 crore

• Ebitda at Rs 3,112.51 crore Vs Rs 1,028.84 crore

• Margin at 45.8% Vs 46.1%

Housing and Urban Development Corporation Q2FY22 (Consolidated, YoY)

• Revenue down 6% at Rs 1,736.92 crore Vs Rs 1,856.78 crore

• Net profit down 19% at Rs 370.40 crore Vs Rs 457.25 crore

• Ebitda down 9% at Rs 1,639.56 crore Vs Rs 1,804.81 crore

• Margin at 94.4% Vs 97.2%

Balkrishna Industries Q2FY22 (Consolidated, YoY)

• Revenue up 31% at Rs 2,072.23 crore Vs Rs 1,577.90 crore

• Net profit up 15% at Rs 391.03 crore Vs Rs 340.94 crore

• Ebitda at Rs 537.85 crore Vs Rs 539.97 crore

• Margin at 26% Vs 34.2%

• Declared second interim dividend of Rs 4 per share

Zee Entertainment Enterprises Q2FY22 (Consolidate, YoY)

• Revenue up 15% at Rs 1,978.79 crore Vs Rs 1,722.70 crore

• Net profit at Rs 266.08 crore Vs Rs 93.41 crore

• Ebitda up 38% at Rs 403.33 crore Vs Rs 292.94 crore

• Margin 20.4% Vs 17%

Astral Q2FY22 (Consolidated, YoY)

• Revenue up 54% at Rs 1,154.10 crore Vs Rs 747.10 crore

• Net profit up 63% at Rs 143.30 crore Vs Rs 87.90 crore

• Ebitda up 47% at Rs 211.50 crore Vs Rs 143.60 crore

• Margin at 18.3% Vs 19.2%

• Declared interim dividend of Rs 1.25 per share

Aster DM Healthcare Q2FY22 (Consolidated, YoY)

• Revenue up 12% at Rs 2,504.34 crore Vs Rs 2,242.77 crore

• Net profit at Rs 127.62 crore Vs Rs 42.25 crore

• Ebitda up 26% at Rs 342.81 crore Vs Rs 271.05 crore

• Margin 13.7% Vs 12.1%

Indiabulls Housing Finance Q2FY22 (Consolidated, YoY)

• NII down 11% at Rs 662.28 crore Vs Rs 741.41 crore

• Net profit down 11% at Rs 286.34 crore Vs Rs 323.20 crore

• Net NPA at 1.53%

• Gross NPA at 2.69%

• Approved Rs 5000 crore bond issue plan

• Approved fund raising via overseas bonds

Gujarat Pipavav Port Q2FY22 (Consolidated, YoY)

• Revenue up 7% at Rs 194.69 crore Vs Rs 182.66 crore

• Net profit down 8% at Rs 45.53 crore Vs Rs 49.68 crore

• Ebitda up 6% at Rs 108.97 crore Vs Rs 102.90 crore

• Margin 56% Vs 56.3%

• Declared interim dividend of Rs 1.60 per share

JB Chemicals & Pharmaceuticals Q2FY22 (Consolidated, YoY)

• Revenue up 34% at Rs 593.01 crore Vs Rs 443.56 crore

• Net profit up 32% at Rs 97.88 crore Vs Rs 73.92 crore

• Ebitda up 15% at Rs 126.74 crore Vs Rs 110.09

• Margin 21.4% Vs 24.8%

Stocks To Watch

• Sun Pharmaceutical Industries: The company is gearing up to introduce Merck Sharpe Dohme and Ridgeback’s molnupiravir under the brand name Molxvir in India. The DCGI is currently reviewing clinical data of molnupiravir for the treatment of Covid-19 in adults in India, the company said.

• Firstsource Solutions: Sourcepoint, a Firstsource company, has entered into a definitive agreement to acquire The StoneHill Group, subject to regulatory approvals.

• RailTel Corporation of India: The Content on Demand contract awarded to Margo Networks for providing COD service in all Mail/Express and Suburban trains and all Wi-Fi enabled railway stations on a build-own-operate basis for 10 years has been terminated by RailTel due to non-performance by the contractor.

• Zee Entertainment Enterprises: Approved revised agreement pertaining to transfer of digital publishing business division to Indiadotcom Digital. An aggregate consideration of Rs 63.77 crore will now be discharged by Indiadotcom in cash instead of issuing equity shares to the company. Further the board took note of Sebi caution letter in relation to the disclosure made by the company titled “Requisition for calling an Extraordinary General Meeting of the shareholders of ZEEL”.

• NHPC: To form a joint venture company (between NHPC and Green Energy Development Corporation of Odisha) for implementation of 500 MW floating solar power project in various water reservoirs in Odisha.

• Tata Power Company: Moody's Investors Service has upgraded the rating of the company to Ba2 with stable outlook from Ba3 with stable outlook.

• Wipro: The company has launched an automotive e-commerce cloud solution for direct-to-consumer marketplaces to launch and grow quickly. Click-Shift-Drive is a contactless car-buying solution that addresses the complete automobile-buying journey. The solution enables automakers and dealers to offer everything from research and loan approval to purchase and delivery online.

• Earnings: Coal India, Hero Motocorp, Hindalco Industries, ONGC, Grasim Industries, Bharat Forge, Borosil, Apollo Hospitals Enterprise, BEML, National Aluminium Co., PI Industries, Alkem Laboratories, Motherson Sumi Systems, Ashok Leyland, Glenmark Pharmaceuticals, 3M India, Abbott India, Burger King India, Fine Organic Industries, Max Healthcare Institute, Mindspace Business Parks REIT, Agarwal Industrial Corporation, Akzo Nobel India, Alembic, Avanti Feeds, Linde India, Mrs. Bectors Food Specialities, City Union Bank, Camlin Fine Sciences, Coffee Day Enterprises, EIH, Future Consumer, Fiem Industries, Finolex Cables, Force Motors, Gabriel India, GR Infraprojects, Granules India, Globus Spirits, IRCON International, IOL Chemicals & Pharmaceuticals, Insecticides (India), Ingersoll-Rand (India), Himadri Speciality Chemical, Honda India Power Products, Hindustan Foods, Hinduja Global Solutions, ITI, India Tourism Development Corporation, ISGEC Heavy Engineering, KIOCL, Max Ventures and Industries, Kaveri Seed Company, KNR Constructions, MSTC, Mahanagar Telephone Nigam, NBCC (India), Nesco, National Fertilizers, Paras Defence and Space Technologies, RPSG Ventures, Rhi Magnesita India, Religare Enterprises, Puravankara, SEAMEC, Sandhar Technologies, SML Isuzu, SJVN, Time Technoplast, Technocraft Industries (India), Tide Water Oil (India), Thomas Cook (India), Themis Medicare, TeamLease Services, Tasty Bite Eatables, Suzlon Energy, Sunflag Iron & Steel Co, Zee Media Corporation

Offerings

• Sapphire Foods IPO was subscribed 6.62 times on the final day.

• Latent View Analytics IPO subscribed 23.22 times on second day.

Bulk Deals

• APL Apollo Tubes: DSP Mutual Fund bought 14.72 lakh shares (0.59%) at Rs 900 per share. Promoter Rahul Gupta sold 15.01 lakh shares (0.60%) at Rs 900.32 per share. Promoter APL Infrastructure sold 30.01 lakh shares (1.20%) at Rs 900.04 per share.

Insider Trades

• Fairchem Organics: Promoter FIH Mauritius Investments sold 18 lakh shares between November 9-10. Promoter Nahoosh Tradelink LLP sold 1.75 lakh shares on November 9.

Trading Tweaks

• Ex-Date Interim Dividend: Sun TV Network, Prince Pipes and Fittings, Steelcast

• Ex-Date Dividend: Jai Corp

• Ex-Date InvIT: POWERGRID Infrastructure Investment Trust

• Price Band Revised From 10% To 5%: Gulshan Polyols

• Move Out Of Short-Term ASM Framework: Minda Corporation, RSWM

• Record Date Interim Dividend: Bharat Petroleum Corporation Ltd, Indian Oil Corporation, Dabur India, CARE Ratings, REC, Cantabil Retail India, Great Eastern Shipping Co, NACL Industries, Rain Industries, R Systems International, Shriram City Union Finance

• Record Date Buyback: SH Kelkar and Company

Money Market Update

• The rupee ended at 74.51 against the U.S. Dollar on Thursday as compared to Wednesday's closing of 74.38.

F&O Cues

• Nifty November futures ended at 17,912.90; a premium of 39.3 points.

• Nifty November futures added 4.40% and 9,069 shares in Open Interest

• Nifty Bank November futures ended at 38,681.50; a premium of 121.3 points

• Nifty Bank November futures added 3.59% and 3,082 shares in Open Interest

• Securities in the ban list: Escorts, Punjab National Bank, Sun TV, Bank of Baroda, BHEL, Indiabulls Housing Finance, SAIL

Research Reports

• Zomato Q2 Review - Gross Order Value Accelerates, And So Does Losses: Dolat Capital

• Bosch - Technology Leader, Steady Growth Prospects: ICICI Direct

• Petronet LNG Q2 Review - Turnaround In Throughput; Full-Year Outlook Intact: Motilal Oswal

• Mahindra Logistics Acquires Meru From M&M: ICICI Securities' Take