Stocks To Watch: Nestle, ACC, Bajaj Finserv, L&T Technology, ICICI Prudential, Just Dial
Indian equity benchmarks snapped a seven-day winning streak weighed down by selloff in the final hour of trade on Tuesday.
The S&P BSE Sensex index shed nearly 0.1% to 61,716.05. This after the 30-stock index hit a record 62,245.43 in intraday trade. The NSE Nifty 50 Index declined 0.32% to close at 18,418.75. The 50-stock gauge hit a record 18,604.45 in intraday trade.
Here are the stocks to watch in trade today:
Bajaj Finserv: Incorporated an asset management company called Bajaj Finserv Asset Management on October 18. It will manage various mutual fund plans. The company has been incorporated with an authorised share capital of Rs 60 crore and an initial subscribed capital of Rs 5 lakh.
Deepak Fertilisers & Petrochemicals Corporation: The company launched a qualified institutional placement issue on October 19 and approved the floor price for the same at Rs 422.48 per equity share.
Reliance Industries: Reliance Retail has bought majority stake in Ritu Kumar’s Ritika Pvt.
HCL Technologies: The company and Innovaccer Inc. have collaborated to help healthcare and life sciences organizations drive digital health transformation.
Jindal Saw: The company has won contract for repair and maintenance of manufacturing facilities of Sathavahana Ispat.
HDFC Asset Management Company: Chief Financial Officer Piyush Surana has resigned from the post. He will be relieved from the duties w.e.f. close of business hours on January 31, 2022.
Astral: The company has decided to enter into the business of Faucets & Sanitaryware.
Earnings: Jubilant FoodWorks, Just Dial, Tata Communications, Hathway Cable & Datacom, Angel Broking, Havells India, L&T Finance Holdings, Reliance Industrial Infrastructure, Shoppers Stop, Supreme Petrochem, Syngene International, TajGVK Hotels & Resorts, Tata Steel Long Products, Tejas Networks
Earnings Post Market Hours
Nestle Q3CY21 (QoQ)
Revenue up 9.6% at Rs 3,882.57 crore Vs Rs 3,541.7 crore
Net profit up 5.2% at Rs 617.37 crore Vs Rs 587.09 crore
Ebitda up 7.3% at Rs 947.99 crore Vs Rs 883.59 crore
Margin at 24.4% vs 24.9%
ACC Q3CY21 (Consolidated, QoQ)
Revenue down 3.5% at Rs 3,749 crore Vs Rs 3,884.9 crore (BBG estimate: Rs 3,703 crore)
Net profit down 20.9% at Rs 450.2 crore Vs Rs 569.4 crore (BBG estimate: Rs 420 crore)
Ebitda down 18.1% at Rs 712.3 crore Vs Rs 869.3 crore (BBG estimate: Rs 659 crore)
Margin at 18.9% Vs 22.3% (BBG estimate: 18.2%)
L&T Technology Services Q2FY22 (Consolidated, YoY)
Revenue up 22% at Rs 1,607.70 crore Vs Rs 1,313.80 crore
$ Revenue up 22.1% at $217.4 million
Constant currency revenue growth of 22.3%
Net profit up 39% at Rs 230 crore Vs Rs 165.50 crore
Ebitda up 50% at Rs 349.30 crore Vs Rs 232.80 crore
Margin at 21.7% Vs 17.7%
Declared a special dividend of Rs 10 per equity share
Raised its USD revenue growth guidance for FY22 to 19%-20%
ICICI Prudential Life Insurance Company Q2FY22 (Consolidated, QoQ)
Revenue up 38.3% at Rs 23,129.4 crore Vs 16,724.1 crore (BBG estimate: Rs 8,729.9 crore)
Net profit of Rs 445.6 crore Vs Net loss of Rs 185.3 crore (BBG estimate: Rs 354.4 crore Profit)
Ebitda gain of Rs 475.7 crore Vs Ebitda loss of Rs 215.4 crore (BBG estimate: Rs 494.6 crore)
EPS at Rs 3.10 Vs Rs -1.29 (BBG estimate: Rs 3.05)
Navin Fluorine International Q2FY22 (Consolidated, YoY)
Revenue up 6% at Rs 338.95 crore Vs Rs 318.92 crore
Net profit down 2% at Rs 63.22 crore Vs Rs 64.42 crore
Ebitda down 7% at Rs 84.17 crore Vs Rs 90.72 crore
Margin 24.8% Vs 28.4%
Declared an interim dividend of Rs 5 per share
Appointed Basant Kumar Bansal as CFO from November 1
ICICI Securities Q2FY22 (Consolidated, YoY)
Revenue up 26% at Rs 856.37 crore Vs Rs 680.68 crore
Net profit up 26% at Rs 351.24 crore Vs Rs 278.15 crore
Ebitda up 31% at Rs 543.58 crore Vs Rs 414.08 crore
Margin 63.5% Vs 60.8%
To pay interim dividend of Rs 11.25 per share
Rallis India Q2FY22 (Consolidated, YoY)
Revenue at Rs 727.80 crore Vs Rs 725.01 crore
Net profit down 32% at Rs 56.49 crore Vs Rs 82.95 crore
Ebitda down 25% at Rs 87.98 crore Vs Rs 116.76 crore
Margin at 12.1% Vs 16.1%
Bulk Deals
Himadri Speciality Chemical: BC India Investments sold 53.02 lakh shares (1.27%) at Rs 51.06 per share.
Who’s Meeting Whom
Craftsman Automation: To meet Enam Holdings and GIC on October 20.
Infibeam Avenues: To meet Hila Capital on October 21.
Trading Tweaks
Ex-Date Stock Split: Authum Investment & Infrastructure
Ex-Date Final Dividend: Rashtriya Chemicals & Fertilizers
Record Date EGM: Omaxe
Price Band Revised From 20% To 10%: Paras Defence and Space Technologies
Move Into Short-Term ASM Framework: Borosil, GOCL Corporation, Sangam (India), United Drilling Tools
Move Out Of Short-Term ASM Framework: Suven Life Sciences
