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View on market: Stay Cautious, be with quality business:

Stocks in Asia fell Monday and oil extended gains amid caution in global markets stemming from geopolitical worries about Ukraine. Japan led declines and South Korea slid, but Australia pushed higher. S&P 500 and Nasdaq 100 futures edged up following sharp losses in U.S. shares Friday. The Singapore-traded SGX Nifty, an early indicator of India’s Nifty 50 Index’s performance, fell 1% to 17,169.5 as of 7:05 a.m. Elsewhere, bitcoin hovered around $42,100.

Economic Calendar:

  • INR: CPI Inflation on 14th February, 2022.
  • INR: WPI Inflation on 14th February 2022.
  • USD: API Weekly Crude Stock on 16th February, 2022.
  • USD: PPI on 15th February, 2022.

Earnings: Adani Enterprises AGS Transact Tehnologies Ahluwalia Contracts (India) Alembic

Anant Raj Ashiana Housing Astra Microwave Products Adani Wilmar Balkrishna Industries Bombay Burmah Trading Corporation Bharat Dynamics Coal India Dhani Services Dish TV Eicher Motors Electrosteel Castings Equitas Holdings Future Retail Gateway Distriparks Graphite India Grasim Industries Greenply Industries GTL Infrastructure Hikal Hindustan Oil Exploration Company IPCA Laboratories IRCON International India Tourism Development Corporation J.B. Chemicals & Pharmaceuticals Jindal Poly Films KNR Constructions Manappuram Finance Medplus Health Services

Results:

ONGC: (Standalone, YoY) Revenues up 67.3% at Rs 28,472.91 crore Vs Rs 17,023.8 crore (Bloomberg Estimate Rs 28,183.7 crore) Net profit up 596.6% at Rs 8,763.72 crore Vs Rs 1,258.12 crore (Bloomberg Estimate Rs 8,430.4 crore) EBITDA up 128.2% at Rs 14,851.19 crore Vs Rs 6,507.59 crore (Bloomberg Estimate Rs 15,549.1 crore) EBITDA margins at 52.2% vs 38.2% (Bloomberg Estimate 55.2%).

Ashok Leyland: Q3FY22 (Consolidated, YoY) Revenue up 12% at Rs 6,659.82 crore Vs Rs 5,954.17 crore Net loss of Rs 121.56 crore Vs Rs Net profit of Rs 14.24 crore Ebitda down 12% at Rs 657.89 crore Vs Rs 747 crore Margin at 9.9% Vs 12.5%

Voltas: Q3FY22 (Consolidated, YoY) Revenue down 10% at Rs 1,793.59 crore Vs Rs 1,994.64 crore Net profit down 25% at Rs 95.98 crore Vs Rs 127.91 crore Ebitda up 7% at Rs 155.64 crore Vs Rs 145.89 crore Margin at 8.7% Vs 7.3%

Sobha: Q3FY22 (Consolidated, YoY) Revenue down 2% at Rs 668.20 crore Vs Rs 684.40 crore Net profit up 51% at Rs 32.7 crore Vs Rs 21.6 crore Ebitda up 27% at Rs 227.50 crore Vs Rs 178.60 crore Margin at 34% Vs 26.1%

Brokerage Radar:

CLSA ON MOTHERSON SUMI : O-P, TP Rs 203  Strong FY23 demand outlook  Robust profit recovery led by strong global passenger vehicle demand Near-term supply and inflation challenges remain but expect continued recovery in FY23.

GOLDMAN SACHS ON DIVIS LABS: Buy, TP Rs 5505 Strong 3Q beat Sales/EBITDA grew +46%/+59% Custom synthesis continued +ve surprise, buoyed by its partnership with MRK for Molnupiravir API supplies Generic API declined 5% yoy Margins surprised at 43.7% due to better mix/operating leverage.

CLSA ON APOLLO HOSPITALS: O-P, TP raised to Rs 5250 Cut FY22-24CL Ebitda by 3-5% on lower margin assumptions for pharmacy Strong quarter led by hospitals Fund raise in Apollo HealthCo a key catalyst for significant upside hereon

International Markets:

U.S & Europe

Particulars 11th  Feb Chg Chg(%)
Nasdaq 13,791.15 -394.49 -2.78
Dow 34738.06 -503.53 -1.43
FTSE 7,661.02 -11.38 -0.15
CAC 7,011.60 -89.95 -1.27
DAX 15,425.12 -65.32 -0.42
Dow Fut.* 34771.3 31.2 0.09

Asian markets:

Particulars 14th  Feb Chg. Chg(%)
SGX Nifty 17,110.50 -243.5 -1.4
Nikkei 26,970.34 -725.74 -2.62
Straits Times 3,417.90 -11.05 -0.32
Hang Seng 24,526.57 -380.09 -1.53
Shanghai 3,445.33 -17.62 -0.51

 

ADR Watch:

Particulars 11th Feb Chg. Chg.(%)
Dr Reddy 58.21 0.95 1.66
HDFC Bank 69.47 2.1 3.12
ICICI Bank 21.48 0.08 0.37
Infosys 23.41 0.52 2.27
Tata Motor 34.03 1.04 3.15
Wipro 7.65 0.11 1.46

Commodities & Currency:

Particulars Current Price Chg(%)
USD/INR 75.38 0.59
Brent 95.88 0.87
Gold 1855.85 0.75
Silver 23.703 1.44

FIIs & DII

Particulars 11th Feb 10th Feb
FIIs 108.53 -1732.58
DIIs -696.90  2727.23 

News Update:

Bank of Baroda: The company will acquire 21% stake of Union Bank of India in IndiaFirst Life Insurance Company, a joint venture between Bank of Baroda, Union Bank of India and Carmel Point Investments.

Sapphire Foods: The company has approved merger of Gamma Pizzakraf and Gamma Pizzakraft (Overseas) with the company with appointed date as April 1, 2022.
Dr. Reddy’s Laboratories: The company entered into an exclusive sales and distribution agreement with Novartis India Limited (“NIL”) for the Voveran range, the Calcium range and Methergine in India.

Birla Corporation: The company’s subsidiary RCCPL’s first white cement-based wall putty plant was inaugurated at Maihar, Madhya Pradesh with annual production capacity of almost 2 crore tons.

Source: Moneycontrol, Livemint,, Bloomberg, Investing

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