View on market: Stay Cautious, be with quality business:
Asian stocks and U.S. equity futures advanced Wednesday, amid concerns over spiralling inflation and aggravating geopolitics. Japanese, South Korean and Australian equities rose. U.S. shares erased a rally to end lower on Tuesday, after the U.S. headline inflation of 8.5% spiked to a four-decade high. In India, retail inflation spiked to 6.95% in March, raising the spectre of a imminent repo hike. The Singapore-traded SGX Nifty, an early barometer of India’s benchmark Nifty 50, was little changed at 17,571 points as of 6:40 a.m. Crude oil prices rose with West Texas Intermediate topping $100 a barrel after Russian President Vladimir Putin signaled that the invasion of Ukraine will continue and China partially eased covid-related curbs. Elsewhere, bitcoin hovered around $39,800..
Economic Calendar:
- INR: WPI Inflation on 14th April 2022.
- INR: CPI Inflation on 13th April 2022.
- USD: Export Price Index 14th April, 2022.
- USD: Import Price Index 14th April, 2022.
Quarterly Result Today:
Infosys, DEN
Q4Fy22 Earning:
Anand Rathi Wealth Services Q4 FY22 (Consolidated, QoQ) Revenue up 6% at Rs 112.51 crore vs Rs 105.7 crore Net profit up 8% at Rs 34.55 crore vs Rs 32.02 crore EBIT up 5.6% at Rs 42.28 crore vs Rs 40.22 crore EBIT margin 37.7% vs 38% Declared final dividend of Rs 6 per share.
Hathway Cable and Datacom: Q4 FY22 (Consolidated, QoQ) Revenue fell 1% at Rs 448.79 crore vs Rs 455.03 crore Net profit fell 16% at Rs 28.35 crore vs Rs 33.93 crore EBITDA fell 8.8% at Rs 93.25 vs Rs 102.34 EBITDA margin 20.78% vs 22.49%
Brokerage Radar:
CLSA ON INFLATION: RBI will focus more on price after inflation rise to 6.95% in March,Expect inflation to come to 6.8% in April,Inflation to peak mid -2022, see 25bps upside risk to our call of 50bps hike.
MOTILAL OSWAL ON TCS: TCS has consistently maintained its market leadership position and show best in-class execution. This renders the company with ample room to maintain its industry-leading margin and demonstrate superior return ratios. Motilal maintain our positive stance on TCS, given its strong growth outlook. Our TP of INR4,240 implies 30x FY24 EPS, with a 15% upside potential. We maintain our Buy rating.
International Markets:
U.S. & Europe:
| Particulars | 12th Apr | Chg | Chg(%) |
| Nasdaq | 13,371.57 | -40.39 | -0.3 |
| Dow | 34220.36 | 87.72 | -0.26 |
| FTSE | 7,576.66 | -41.65 | -0.55 |
| CAC | 6,537.41 | -18.4 | -0.28 |
| DAX | 14,124.95 | -67.83 | -0.48 |
| Dow Fut.* | 34367.7 | 147.8 | 0.43 |
Asian markets:
| Particulars | 13th Apr | Chg. | Chg(%) |
| SGX Nifty | 17,580.00 | 15 | 0.09 |
| Nikkei | 26,755.05 | 420.07 | 1.6 |
| Straits Times | 3,353.74 | 23.49 | 0.71 |
| Hang Seng | 21,308.67 | -10.46 | -0.05 |
| Shanghai | 3,203.12 | -10.21 | -0.32 |
ADR Watch:
| Particulars | 13th Apr | Chg. | Chg.(%) |
| Dr Reddy | 56.62 | -0.53 | -0.93 |
| HDFC Bank | 60.4 | -1.6 | -2.58 |
| ICICI Bank | 19.7 | -0.1 | -0.51 |
| Infosys | 22.57 | -0.48 | -2.08 |
| Tata Motor | 28.31 | -1.01 | -3.44 |
| Wipro | 7.21 | -0.15 | -2.04 |
Commodities & Currency:
| Particulars | Current Price | Chg(%) |
| USD/INR | 76.13 | 0.07 |
| Brent | 105.02 | 0.36 |
| Gold | 1972.80 | -0.17 |
| Silver | 25.742 | 0.02 |
FIIs & DII:
| Particulars | 12th Apr | 11th Apr |
| FIIs | -3128.39 | -1145.24 |
| DIIs | 870.01 | 486.51 |
News Update
Tata Steel: The company has completed acquisition of 50% stake in S&T Mining from Steel Authority of India. It also completes acquisition of 90% stake in Rohit Ferro Tech.
TVS Motor: The company acquires Swiss e-mobility company Passion Vélo for Rs 22.83 crore (CHF 2.7 million). Passion Vélo is primarily engaged in the sale of electric bikes as well as e-bike accessories.
RITES/Tata Steel: The companies entered into a memorandum of understanding to jointly explore integrated infra services.
Fino Payments Bank: The bank acquired 12.19% stake in New Delhi based fintech Paysprint Ltd. Maruti Suzuki: The company said that its Rohtak R&D facility, affected by fire incident, is covered under insurance policy. It is assessing damage for recovery of insurance amount.
Care Ratings: The company concluded the inquiry held against that the charge against Rajesh Mokashi, erstwhile MD and CEO and S.B. Mainak, erstwhile chairman of interference with the ratings process and influencing the ratings is not established.
Godrej Properties: Received NCLT nod for scheme of amalgamation of Ceear Lifespace, project special purpose vehicle being a wholly-owned subsidiary, with the company.
Future Enterprises: The company has defaulted on payment of debenture interest of Rs 9.1 crore.
Thermax: The company has won an order of Rs 522 crore for utility boilers and associated systems for a grassroot refinery and petrochemical complex in Rajasthan.
HeidelbergCement India: Commisions Madhya Pradesh 5.5 MW solar plant.
ICICI Bank: To consider debt securities issue on April 23.
Simplex Infrastructures: To raise up to Rs 422 crore via share warrants, to issue shares at Rs 56.61 each to Swan Constructions.
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