Stock Market Today: All You Need To Know Going Into Trade On May 19
Stocks in the news, big brokerage calls of the day, complete trade setup and much more!
Asian equities and U.S. futures fell after fears of an economic downturn spurred a flight to havens in the Wall Street.
Equities declined in Japan, Australia and South Korea after S&P 500 lost 4% -- the steepest one-day fall in almost two years. Nasdaq 100 index shed over 5%. The Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50, fell nearly 2% to 15,930 points as of 6:45 am.
Oil fell to less than $109 a barrel on concerns about demand. Bitcoin lost nearly 5% to less than $29,000.
Earnings Post Market Hours
ITC Q4 FY22 (Consolidated, YoY)
Revenue up 15% at Rs 17,754.02 crore
EBITDA up 15% to Rs 5,599.3 crore
EBITDA margins at 31.5% vs 31.6%
Net profit up 12% to Rs 4,195.69 crore
Also Read: ITC Q4 Results: Profit Up 12%, Cost Pressures Persist
Lupin Q4 FY22 (Consolidated, YoY)
Revenue up 3% at Rs 3,883 crore
Net loss at Rs 518 crore vs net profit of Rs 460 crore
EBITDA fell 68% to Rs 228 crore vs Rs 708 crore
EBITDA margin at 5.9% vs 18.7%
EPS at Rs -11.4 per share vs Rs 10.15
Also Read: Lupin Posts Surprise Loss in Q4 As Costs Bite
Pidilite Industries Q4 FY22 (Consolidated, YoY)
Revenue up 12.15% at Rs 2,507.1 crore
EBITDA down 12.96% at Rs 401.08 crore
EBITDA margin at 16% vs 20.61%
Net profit down 16.93% at Rs 254.35 crore
Recommended dividend of Rs 10 per share
Indraprastha Gas Q4 FY22 (Consolidated, YoY)
Revenue up 8.66% at Rs 2,649.77 crore
EBITDA up 6.57% at Rs 500.46 crore
EBITDA margin 18.89% vs 19.26%
Net profit up 15% at Rs 430.93 crore
LIC Housing Finance Q4 FY22 (Consolidated, QoQ)
Revenue up 5.2% at Rs 5,327.87 crore
EBIT up 7.95% at Rs 4,856.57 crore
EBIT margin at 91.15% vs 88.83%
Net profit up 44.4% at Rs 1,113.68 crore
Recommended dividend of Rs 8.5 per share
Granules India Q4 FY22 (Consolidated, YoY)
Revenue up 28.86% at Rs 1,029.97 crore
EBITDA down 4.6% at Rs 192.70 crore
EBITDA margin at 18.71% Vs 25.27%
Net profit down 13% at Rs 111 crore
Recommended final dividend of Rs 0.75 per share
Manappuram Finance Q4 FY22 (Consolidated, QoQ)
Revenue down 0.21% at Rs 1,481.35 crore
EBIT down 2.11% at Rs 838.81 crore
EBIT margin at 56.62% vs 57.72%
Net profit down 0.02% at Rs 260.95 crore
Declared interim dividend of Rs 0.75 per share
Shyam Metalics Q4 FY22 (Consolidated, YoY)
Revenue up 21.5% at Rs 2,856.77 crore
EBITDA up 5.8% at Rs 663.12 crore
EBITDA margin at 23.2% vs 26.6%
Net profit up 11.19% at Rs 430.86 crore
Recommended final dividend of Rs 2.7 per share
Approved fundraising of Rs 3,000 crore
JK Lakshmi Cement Q4 FY22 (Consolidated, YoY)
Revenue up 12.32% at Rs 1,599.83 crore
EBITDA up 3.7% at Rs 324.68 crore
EBITDA margin at 20.29% vs 21.98%
Net profit up 20.1% at Rs 183.73 crore
Recommended dividend of Rs 5 per share
Ratnamani Metals & Tubes Q4 FY22 (Consolidated, YoY)
Revenue up 40% at Rs 974.06 crore
EBITDA up 6.11% at Rs 168.53 crore
EBITDA margin at 17.30% Vs 22.82%
Net profit up 2.02% at Rs 111.63 crore
Recommended dividend of Rs 14 per share
Approved bonus issue in the ratio of 1:2
Sandur Manganese & Iron Ores Q4 FY22 (Consolidated, YoY)
Revenue up 100% at Rs 716.24 crore
EBITDA up 64% at Rs 222.03 crore
EBITDA margin at 31% vs 37.65%
Net profit up 232% at Rs 235.52 crore
Stocks To Watch
InterGlobe Aviation: Chief Executive Officer Ronojoy Dutta to step down on Sept. 30. KLM's Pieter Elbers to replace him.
Power Grid: The company won bid for Intra State transmission system of Uttar Pradesh.
Adani Enterprises: The company has incorporated a wholly owned subsidiary Adani Health Ventures for its healthcare vertical.
Ruchi Soya: The edible oils maker has approved acquisition of food retail business of Patanjali Ayurved.
UCO Bank: The bank appointed Sujoy Dutta as the Chief Financial Officer
Earnings Today: Godrej Consumer Products, Dr. Reddy’s, Gland Pharma, Hindustan Petroleum Corporation, Krishna Institute of Medical Sciences, Endurance Technologies, CONCOR, Chambal Fertilizers and Chemicals, Bosch, Ashok Leyland, Alkyl Amines Chemicals, Rossari Biotech, Prince Pipes and Fittings, Man Infraconstruction
Insider Trades
Geojit Financial Services: Promoter BNP Paribas SA sold 1.51 lakh shares between May 13 and May 16.
Heranba Industries: Promoter Raghuram K Shetty bought 9,000 shares on May 17.
Who's Meeting Whom
Aditya Birla Fashion and Retail: To meet investors on May 23.
Dhanuka Agritech: To meet investors and analysts on May 23.
Hindustan Aeronautics: To meet investors on May 20.
Sansera: To meet investors on May 24.
Finolex Industries: To meet investors and analysts on May 19.
Ajmera Realty: To meet investors and analysts on May 19.
Gati Ltd: To meet investors and analysts on May 23.
Motherson Sumi Systems: To meet investors and analysts on May 26.
R Systems International: To meet investors and analysts on May 20.
Metropolis Healthcare: To meet investors and analysts on May 25.
Sequent Scientific: To meet investors and analysts on May 26.
ADF Foods: To meet investors and analysts on May 23.
Trading Tweaks
Ex-Date Demerger: TIPS Industries
Ex-Date Bonus Issue: Sindhu Trade Links
Move Into Short-Term ASM Framework: Privi Speciality Chemicals
Money Market Update
The rupee ended at Rs 77.58 against the U.S. Dollar on Wednesday as compared to Tuesday's closing of 77.56.
F&O Cues
Nifty May futures ended at 16,237, a discount of 3.30 points.
Nifty May futures shed 5.25% and 9,273 shares in Open Interest.
Nifty Bank May futures ended at 34,150, a discount of 13.70 points.
Nifty Bank May futures shed 11.31% and 12,464 shares in Open Interest.
Securities in the ban list: Indiabulls Housing Finance, Punjab National Bank, Gujarat Narmada Valley Fertilizers & Chemicals.
Securities added to the ban list: Delta Corp