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

Asia stocks slipped at the open Tuesday after weakness in the technology sector pulled U.S. indexes from all-time peaks, with investors weighing corporate earnings and recent spikes in virus cases. The tech-heavy Nasdaq 100 Index underperformed in the U.S. session, while the S&P 500 Index also fell. Treasury yields slipped back below 1.6% and the dollar dipped. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, down 0.2% to 14,354, as of 6:45 a.m.

Key Data/ Action, Result and Board meeting to watch

Major economic Data:

  • INR: Deposit Growth on 23rd April, 2021
  • INR: Bank Loan Growth on 23rd April, 2021

Nifty Results: Nestle India

Non-Nifty Results: 5paisa Capital, Tata Steel Long Products, Swaraj Engines, Network18, TV18 Broadcast

International Markets:

U.S & Europe

Particulars    19th Apr. Chg Chg(%)
Nasdaq 13914.76 -137.58 -0.98
Dow 34077.63 -123.04 -0.36
FTSE 7000.08 -19.45 -0.28
CAC 6296.69 9.62 0.15
DAX 15368.39 -91.36 -0.59
Dow Fut.* 34,043.00 84 0.24

 

Asian markets:

Particulars    20th Apr. Chg Chg(%)
SGX Nifty 14427 38 0.26
Nikkei 29115.2 -570.17 -1.92
Straits Times 3207.56 -2.16 -0.07
Hang Seng 29126.78 20.63 0.07
Shanghai 3482.56 5.01 0.14

 

   ADR Watch

Particulars       19th Apr. Chg Chg(%)
Dr Reddy 66 0.99 1.52
HDFC Bank 68.25 -3.56 -4.96
ICICI Bank 14.95 -0.27 -1.77
Infosys 18.26 0.08 0.44
Tata Motor 20.02 -0.49 -2.39
Wipro 6.96 0 0

 

Commodities & Currency

Particulars Current Price Chg(%)
USD/INR 74.88      0.71
Brent 67.43 0.60
Gold 1,769.45     -0.06
Silver 25.87      0.13

 

FIIs & DIIs

Particulars   19th Apr.       16th Apr.
FIIs -1,633.70       437.51
DIIs    2,355.56     657.55

 

ICICI Prudential Life Insurance Company Q4FY21 Result (Standalone YoY:

Net income down 64% at Rs 63.78 crore Vs Rs 179 crore PAT for FY21 at Rs 960 crore Vs Rs 1,081 crore in FY20 Net premium income up 13% at Rs 11,880 crore Net investment income at Rs 7,140 crore Solvency ratio at 216.8% Vs 194% 13th month persistency ratio at 84.8% Vs 83.2% 61st month persistency ratio at 58.3% Vs 56% New business premium up 22.9% at Rs 5,133 crore Value of new business at Rs 1,621 crore VNB Margins for FY21 at 25.1% Vs 21.7% in FY20 AUM up 40% at Rs 2.14 lakh crore in FY21 Recommended final dividend of Rs 2 per share

ACC Q1CY21 Result (Consolidated, YoY):

Revenue up 22.57% at Rs 4,291.97 crore versus Rs 3,501.71 crore (Bloomberg Estimate: Rs 4,216.8 crore) Net profit up 74.17% at Rs 562.56 crore versus Rs 323 crore (Bloomberg Estimate: Rs 462.9 crore) Ebitda up 46.68% at Rs 860.24 crore versus Rs 586.48 crore (Bloomberg Estimate: Rs 751.2 crore) Ebitda Margin at 20% versus 16.70%

 

Nestle India Q1CY21 Result Expectation:

Likely to report a 12 per cent year-on-year rise in net profit to Rs 589 crore for the quarter ended March. The company is also expected to report a strong 8.2 per cent on-year growth in revenues in the quarter to Rs 3,598.1 crore. Gross margins expected to improve, led by benign input prices. Ebitda (earnings before interest, tax, depreciation and amortisation) margin, however, is likely to witness some pressure on account of higher employee cost and other expenses.

 News Update:

Tech Mahindra:

Board has approved the proposal to acquire 100% equity shares in DigitalOnUs, Inc. directly and indirectly through its wholly-owned subsidiary, Tech Mahindra (Americas) Inc. The cost of acquisition is $120 million. The transaction is expected to close by May 15, 2021.

UPL:

Has appointed Carlos Pellicer as Chief Operating Officer, effective immediately. Pellicer will replace Diego Casanello who resigned from the position to pursue new opportunities outside the sector.

ICICI Bank:

Board to meet on April 24 to consider fundraising by way of issuance of debt securities in single/multiple tranches in any currency through public/private placement.

Adani Ports and SEZ:

Board has approved the allotment of 1 crore shares of the face value of Rs 2 each fully paid up, on a preferential basis to Windy Lakeside Investment at an issue price of Rs 800 per share, aggregating to Rs 800 crore. Subsequently, the equity paid-up share capital of the company has increased to 204 crore shares.

Supreme Petrochem:

India Ratings and Research has upgraded the company’s long-term rating to AA- from A+ with a stable outlook and confirmed a Short-term rating at A1+ for the company’s fund and non-fund based working capital facilities from banks.

Zuari Global:

Board has declared a second interim dividend of Rs 1 per share for FY21. The record date for the same is April 28.

Who’s Meeting Whom:

Hindustan Aeronautics: To meet ICICI Prudential Mutual Fund on April 20.

Oriental Aromatics: To meet First Sentier Investors on April 20.

Source: Moneycontrol, Livemint, Business Standard, Bloomberg, Investing

 

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