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

Asian shares were subdued Tuesday after Apple Inc.’s plans to slow hiring highlighted concerns that aggressive monetary tightening to tackle inflation portends an economic downturn. Japan’s bourse struggled for traction while South Korea and Australia dipped.Asian shares were subdued Tuesday after Apple Inc.’s plans to slow hiring highlighted concerns that aggressive monetary tightening to tackle inflation portends an economic downturn. Japan’s bourse struggled for traction while South Korea and Australia dipped.Asian shares were subdued Tuesday after Apple Inc.’s plans to slow hiring highlighted concerns that aggressive monetary tightening to tackle inflation portends an economic downturn. Japan’s bourse struggled for traction while South Korea and Australia dipped. The S&P 500 erased a 1% gain and ended lower on the iPhone maker’s intention to moderate some hiring and spending. US futures fluctuated. Crude dipped but held above $100 a barrel and will likely stay there for the rest of the year, according to Iraq’s energy minister. Ether was among the leaders of a cryptocurrency rally that took Bitcoin past $22,000.

Economic Calendar:

  • INR: Federal Fiscal Deficit(June) 29th July, 2022
  • INR: Infrastructure Output(June) 29th July, 2022
  • USD: Housing Starts 19th July, 2022
  • USD: Building Permits 19th July, 2022

Q1FY23 Result Today: HDFC Life, Hindustan Unilever, ICICI Lombard, Network 18, TV18 broadcast, Polycab India, Rallis India, Ambuja Cements

Q1FY23 Result:

Heidelberg Cement Q1 FY23 (Standalone, YoY) reported a decline of  24.8% in Net Profit at Rs 51.6 crore against Rs 68.6 crore (YoY). Revenue was up 6.1% at Rs 590 crore against Rs 556 crore (YoY). EBITDA slipped 27.5% at Rs 95 crore against Rs 131 crore (YoY). Margin at 16.1% against 23.6% (YoY).

Nelco Q1 FY23 (Consolidated, YoY) reports 7.8% growth in Q1 profit at Rs 4.72 crore, revenue grew 48%. The company clocked 7.8% year-on-year growth in consolidated profit at Rs 4.72 crore for the quarter ended June supported by robust topline. Revenue grew 48% to Rs 81.68 crore.

Alok Industries Q1 FY23 (Consolidated, YoY) posted consolidated loss of Rs 141.58 crore for the quarter ended June, which widened from Rs 97.65 crore in the same period last year, due to higher raw material and power & fuel costs. Revenue increased by 56 percent to Rs 1,971.52 crore.

Brokerage Radar:

CITI ON VOLTAS: Buy, TP Rs 1225

Strong Residential AC Vol Growth in 1QFY23 with Likely Market Share Gains

Continue to remain constructive & consider it to be one of best plays on structural growth opportunity offered by Indian RAC industry (weather + penetration)

UBS ON OBEROI: Sell, TP Rs 750, Q1 on expected lines. Co received OC for Worli project, should support sales & cashflow going ahead Stock up 13% over last 1 mth, Increase est for share of profit from JV in FY23 (OC received for Worli project) & FY23 EPS goes up 12%

MA ON OBEROI: EW, TP Rs 885

Key themes with OBER include continued momentum in resi pre-sales, rental asset build-out for completion in F24, & new project acquisitions

Full valuations drive EW

International Markets:

U.S & Europe:

Particulars 18th July Chg. Chg.(%)
Nasdaq 11360.05 -92.37 -0.81
Dow 31072.61 -215.65 -0.69
FTSE 7223.24 64.23 0.90
CAC 6091.91 55.91 0.93
DAX 12959.81 95.09 0.74
Dow Fut.* 31,126.19 53.8 0.17

Asian markets:

Particulars 19th July Chg. Chg.(%)
SGX Nifty 16,172.00 -118.00 -0.72
Nikkei 26,977.37 188.90 0.71
Straits Times 3,112.53 -9.23 -0.30
Hang Seng 20,617.34 -228.84 -1.10
Shanghai 3,273.00 -5.10 -0.16

ADR Watch:

Particulars 18th July Chg. Chg.(%)
Dr. Reddy 55.84 0.57 1.03
HDFC Bank 56.36 -1.64 -2.83
ICICI Bank 19.12 0.12 0.63
Infosys 18.44 0.27 1.49
Tata Motor 27.99 0.17 0.61
Wipro 5.06 0.01 0.2

Commodities & Currency:

Particulars Current Price Chg.(%)
USD/INR 79.97 0.12
Brent 106.03  -0.23
Gold 1704.80 -0.32
Silver 18.540 -1.62

FIIs & DII:

Particulars 18th July 15th July
FIIs 156.08 -1649.36
DIIs 844.33 1059.46

News Update:

IndusInd Bank: IndusInd Bank says board approves Rs 20,000 crore fundraising. The private sector lender says the board has approved raising of funds up to Rs 20,000 crore through debt securities on a private placement basis. The fundraising is subject to approval of members of the bank.

Surya Roshni : Surya Roshni bags orders worth Rs 91.27 crore from Bharat Gas Resources. The company received orders worth Rs 91.27 crore for API-5L-grade 3LPE-coated pipes from Bharat Gas Resources. The contract will be executed within 12 months.

Jubilant Foodworks: Jubilant Foodworks arm raises stake in DP Eurasia N V (DPEU) to 44.75%. Subsidiary Jubilant Foodworks Netherlands BV (JFN) has increased its stake by 2.06% in DPEU to 44.75%. DPEU is the exclusive master franchisee of Domino’s Pizza brand in Turkey, Russia, Azerbaijan and Georgia.

Source: Moneyontrol, Livemint,, Bloomberg, Investing

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