View on market: Stay Cautious, be with quality business:
Asian stocks rose Thursday following the best day for U.S. shares this month, while the 10-year Treasury yield held a drop ahead of inflation data that will shape views on Federal Reserve policy tightening. Equities in Japan, Australia and South Korea advanced. U.S. futures fluctuated after the S&P 500 extended a broad rally Wednesday and the Nasdaq 100 jumped over 2%.The Singapore-traded SGX Nifty, an early indicator of India’s Nifty 50 Index’s performance, rose 0.23% to 17,524.50 as of 7:00 a.m. Elsewhere, oil’s rally has stalled around $90 a barrel, in part on the possibility that a nuclear deal with Iran could bring supply relief to a tight market.
Economic Calendar:
- INR: RBI Credit Policy on 10th February, 2022.
- INR: M3 Money Market Supply on 10th February 2022.
- USD: Federal Budget Balance on 11th February, 2022.
- USD: Inflation Data on 10th February, 2022.
Earnings: Mahindra & Mahindra Hindalco Industries Hero MotoCorp Hindustan Aeronautics Zomato Bharat Forge Tata Chemicals ABB India Amara Raja Batteries Page Industries Cummins India Computer Age Management Services General Insurance Corporation of India Krishna Institute of Medical Sciences IRB Infrastructure Developers Indian Railway Finance Corporation Gujarat State Petronet Dr Lal PathLabs Piramal Enterprises Quess Corp Carborundum Universal Alembic Pharmaceuticals Gujarat Pipavav Port Mindspace Business Parks Reit MRF Rashtriya Chemicals & Fertilizers Aegis Logistics BEML ESAB India Bombay Dyeing & Mfg. Co Cochin Shipyard Elgi Equipments GR Infraprojects HealthCare Global Enterprises Honda India Power Products India Nippon Electricals Indo Rama Synthetics (India) Insecticides (India) MTAR
Results:
SAIL: Q3FY22 (Standalone, QoQ) Revenue down 6% at Rs 25,245.92 crore Vs Rs 26,826.92 crore Net profit down 66% at Rs 1,443.10 crore Vs Rs 4,303.62 crore Ebitda down 51% at Rs 3,410.44 crore Vs Rs 7,016.92 crore Margin at 13.5% Vs 26.2%
Tata Power: Q3FY22 (Consolidated, YoY) Revenue up 44% at Rs 10,913.14 crore Vs Rs 7,597.91 crore Net profit up 72% at Rs 425.81 crore Vs Rs 248.21 crore Ebitda down 6% at Rs 1,633.76 crore Vs Rs 1,734.26 crore Margin at 15% Vs 22.83% To set up 4GW solar cell and module manufacturing capacity with an investment of Rs 3,400 crore Solar EPC order book has crossed Rs 10,000 crore
Power Grid Corporation of India: Q3FY22 (Consolidated, YoY) Revenue up 3% at Rs 10,446.88 crore Vs Rs 10,142.48 crore Net profit down 2% at Rs 3,292.97 crore Vs Rs 3,367.71 crore Ebitda up 2% at Rs 9,117.27 crore Vs Rs 8,914.54 crore Margin at 87.3% Vs 87.9% Approved interim dividend of Rs 5.50 per share
Brokerage Radar:
MACQUIRE ON BERGER PAINTS: UW, TP Rs 695 3Q sales beat offset by input cost pressures Another qtr of sales underperformance vs APNT Gross margin down 160bps QoQ for BRGR vs 200bps expansion for APNT, & 50bps expansion for KNPL.
CITI ON AUROBINDO PHARMA: (1st cut) Buy, TP Rs 1020 Weak set – EBITDA/PAT 10%/12% below est Gross margin down by 355bps QoQ to 54.3%, while EBITDA margin was 16.9% (-304bos QoQ, -457bps YoY) According to co, 3Q impacted by high input & freight cost
International Markets:
U.S & Europe
| Particulars | 9th Feb | Chg | Chg(%) |
| Nasdaq | 14,490.37 | 295.91 | 2.08 |
| Dow | 35768.06 | 305.28 | 0.86 |
| FTSE | 7,643.42 | 76.35 | 1.01 |
| CAC | 7,130.88 | 102.47 | 1.46 |
| DAX | 15,482.01 | 239.63 | 1.57 |
| Dow Fut.* | 35723.2 | -43.9 | -0.12 |
Asian markets:
| Particulars | 10th Feb | Chg. | Chg(%) |
| SGX Nifty | 17,515.50 | 31.5 | 0.18 |
| Nikkei | 27,598.11 | 18.24 | 0.07 |
| Straits Times | 3,405.96 | -14.08 | -0.41 |
| Hang Seng | 24,793.43 | -36.56 | -0.15 |
| Shanghai | 3,477.79 | -2.16 | -0.06 |
ADR Watch:
| Particulars | 9th Feb | Chg. | Chg.(%) |
| Dr Reddy | 57.26 | -0.26 | -0.45 |
| HDFC Bank | 67.37 | -0.01 | -0.01 |
| ICICI Bank | 21.4 | 0.22 | 1.04 |
| Infosys | 22.89 | 0.42 | 1.87 |
| Tata Motor | 32.99 | 0.19 | 0.58 |
| Wipro | 7.54 | 0.1 | 1.34 |
Commodities & Currency:
| Particulars | Current Price | Chg(%) |
| USD/INR | 74.81 | -0.06 |
| Brent | 91.41 | -0.15 |
| Gold | 1834.75 | -0.10 |
| Silver | 23.242 | -0.43 |
FIIs & DII
| Particulars | 9th Feb | 8th Feb |
| FIIs | -892.64 | -1967.89 |
| DIIs | 1793.35 | 1115.00 |
News Update:
Tata Steel Long Products: The company accepted the Letter of Award for acquisition of Neelachal Ispat Nigam. It will acquire acquire 93.71% equity stake in Neelachal Ispat Nigam and the acquisition process is likely to be completed within the next couple of months.
NHPC: The company has signed a letter of intent with Rajasthan Renewable Energy Corporation for development of 10,000 MW Renewable Energy Projects/ Parks in Rajasthan.
Nuvoco Vistas: The company will augment cement volumes availability by 2.4 MTPA through key project including upgrading Bhiwani Blending Unit to a Grinding Unit. The company will set up alternate fuel material handling facilities at Risda and Nimbol Cement plants with capex of Rs 50 crore. It will also venture in a Greenfield expansion of 6,000TPD
Lupin: The company has entered d into a distribution agreement with Medis for its orphan drug NaMuscla (mexiletine). Medis will commercialize NaMuscla for the symptomatic treatment of myotonia in adults with non-dystrophic myotonic disorders in Central and Eastern European countries.Tartrate Inhalation
Source: Moneycontrol, Livemint,, Bloomberg, Investing
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