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

Asian stocks on Tuesday rose, aided by spillover effects from the technology-led rally in the U.S. spurred by dip buyers. The Singapore-traded SGX Nifty, an early indicator of India’s Nifty 50 Index’s performance, rose nearly 1% to 17,517.50 as of 6:20 a.m. Shares advanced in Japan and Australia. Several Asian markets including China and South Korea are shut for the Lunar New Year holiday. U.S. futures fell after S&P 500 and Nasdaq 100 logged the best two-day jump since April and November 2020, respectively. Elsewhere, oil extended a climb having posted its biggest January gain in at least 30 years. Bitcoin traded in the vicinity of $38,300. Finance Minister Nirmala Sitharaman will present the federal budget in parliament at 11 a.m.

Economic Calendar:

  • INR: GDP Annual on 31st January, 2022.
  • INR: Trade Balance on 2nd  February 2022.
  • USD: OPEC Monthly Report on 2nd February, 2022.
  • USD: Manufacturing PMI on 1st February, 2022.

Earnings: Adani Ports And Special Economic Zone Tech Mahindra Procter & Gamble Hygiene & Health Care Cholamandalam Investment and Finance Company Poonawalla Fincorp Sona BLW Precision Forgings Kansai Nerolac Paints Laxmi Organic Industries Elecon Engineering Co Gujarat Ambuja Exports Prism Johnson Cantabil Retail India Goodyear India IFB Industries Indian Hotels Co Indoco Remedies Jubilant Ingrevia Mangalore Chemicals & Fertilizers TTK Prestige VIP Industries Neuland Laboratories Oriental Carbon & Chemicals Sutlej Textiles & Industries Triveni Turbine


Tata Motors: Q3FY22 (Consolidated, YoY) Revenue down 5% at Rs 72,229.29 crore Vs Rs 75,653.79 crore  Net loss of Rs 1,516.14 crore Vs Net profit of Rs 2,906.45 crore  Ebitda down 42% at Rs 7,078 crore Vs Rs 12,132.7 crore  Margin at 9.8% Vs 16%.

Hindustan Petroleum Corporation Ltd: Q3FY22 Revenues up 40.7% at Rs 96,602.37 crore Vs Rs 68,659.21 crore Net profit down 63.1% at Rs 868.86 crore Vs Rs 2,354.64 crore Ebitda down 43.3% at Rs 1,870.72 crore Vs Rs 3,301.52 crore Margin at 1.9% Vs 4.8%.

Indian Oil Corporation Ltd: Q3FY22  Revenues up 57% at Rs 1,66,788.16 crore Vs Rs 1,06,202.27 crore  Net profit up 19.2% at Rs 5,860.8 crore Vs Rs 4,916.59 crore Ebitda up 2.6% at Rs 9,862.11 crore Vs Rs 9,613.7 crore  Margin at 5.9% Vs 9.1%

DLF: Q3FY22 (Consolidated, YoY) Revenue at Rs 1,549.70 crore Vs Rs 1,543.03 crore Net profit down 16% at Rs 379.48 crore Vs Rs 451.18 crore Ebitda up 4% at Rs 521.32 crore Vs Rs 499.08 crore Margin at 33.6% Vs 32.3%.

Brokerage Radar:

CLSA ON TATA MOTORS: Review CLSA Sell, TP Rs 408 Consol Ebitda better than expected Domestic (CV)& (PV) biz Ebitda margin disappointed due to higher than-expected commodity costs Believe valuation is expensive.

MORGAN STANLEY ON SUN PHARMA: Overweight, TP raised to Rs 1002 Continues to deliver earnings growth driven by operating leverage & global specialty rollout See more to come B/S being bolstered by high cash conversion M&A premium should become built into valuations.

CITI ON HPCL:  Buy. TP Rs 400 One-off Factors in Mkt’g Impact Overall Performance; Refining Ahead 9M standalone EPS stood at Rs32/sh; consol EPS was higher at Rs37/sh boosted by strong performance in Bhatinda refinery Preferred OMC pick

JPM ON BPCL: Overweight, TP Rs 550 Strong operating qtr Consol earnings highlight benefit from BORL consolidation Headline PAT a miss likely bcz of consensus under estimating inventory losses on marketing fuels post excise duty cut Stk performance dependent on privatization

International Markets:

U.S & Europe

Particulars 31st Jan Chg Chg(%)
Nasdaq 14,239.88 469.31 3.41
Dow 35131.86 406.39 1.17
FTSE 7,464.37 -1.7 -0.02
CAC 6,999.20 33.32  0.48
DAX 15,471.20 152.25  0.99
Dow Fut.* 34993.7 -138.20 -0.39

Asian markets:

Particulars 1st Feb Chg. Chg(%)
SGX Nifty 17,490.50 142 0.82
Nikkei 27,194.66 192.68 0.71
Straits Times 3,249.59 3.26 0.1
Hang Seng 23,802.26 252.18 1.07
Shanghai 3,361.44 -32.81 -0.97

ADR Watch:

Particulars 31st Jan Chg. Chg.(%)
Dr Reddy 57.5 1.55 2.77
HDFC Bank 68.63 3.17 4.84
ICICI Bank 21.73 0.71 3.38
Infosys 23.57 0.91 4.02
Tata Motor 33.76 0.99 3.02
Wipro 7.69 0.28 3.78

Commodities & Currency:

Particulars Current Price Chg(%)
USD/INR 74.61 -0.57
Brent 89.41 0.17
Gold 1797.20 0.12
Silver 22.462      0.31


Particulars 31st Jan 28th Jan
FIIs -3624.48 -5045.34
DIIs 3648.65   3358.67  

News Update:

Gail: The company commenced India’s first-of-it’s-kind project of mixing hydrogen into natural gas system at Indore, Madhya Pradesh.

BPCL: The company declared second interim dividend of Rs 5 per share.

SBI: The company entered into an agreement with Tata Power Solar Systems for financing solar projects to launch a centralized processing cell – ‘Surya Shakti Cell.’ It will process all the loan applications for Solar Projects (capacity up to 1 MW) sourced from across India, for installation by business entities and households.

Tata Steel Long Products: The company won the bid to acquire a 93.71% equity stake in the Neelachal Ispat Nigam Limited for a total consideration of Rs 12,100 crore.

Source: Moneycontrol, Livemint,, Bloomberg, Investing

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