View on market: Stay Cautious, be with quality business:
Stocks in Asia rose tracking the Wall Street after minutes of the latest Federal Open Market Committee meeting indicated U.S. Federal Reserve had taken a less-than-anticipated hawkish tone on rate hike. Equities in Japan, Australia and South Korea gained. U.S. futures fell after the S&P 500 recovered to register gains in a volatile session. The tech-heavy Nasdaq 100 outperformed. The Singapore-traded SGX Nifty, an early barometer of India’s benchmark Nifty 50, rose nearly 0.42% to 16,090 points as of 6:35 am. Elsewhere, West Texas Intermediate crude rose 0.6% to $110.97 a barrel. Bitcoin hovered around $30,000.
Economic Calendar:
- INR: FX Reserve on 27thMay
- INR: GDP Quartely on 31st May 2022.
- USD: CB Consumer confidence 31st May, 2022.
- USD: ADP Non Payroll Job Data 1st June, 2022.
Earnings Today: Hindalco Industries, Zee Entertainment, Berger Paints, Piramal Enterprises, Quess Corp, Motherson Sumi Systems, Page Industries, Muthoot Finance, NMDC, Motherson Sumi Wiring India, Colgate Palmolive, Bharat Dynamics, Bharat Rasayan, Cummins, INEOS Styrolution India, Insecticides India, India Glycols, Kirloskar Industries
Q4Fy22 Earning:
BPCL Q4 FY22 (Consolidated, YoY) Revenue up 24% at Rs 1,23,217 crore EBITDA down 6% at Rs 5,954 crore EBITDA margin at 4.8% vs 6.3% Net profit down 73% at Rs 2,803 crore Recommended final dividend of Rs 6 per share
Coal India Q4 FY22 (Consolidated, YoY) Revenue up 22.5% at Rs 32,706.77 crore EBITDA up 41% at Rs 9,078.82 crore EBITDA margin at 27.76% Vs 24.11% Net profit up 46% at Rs 6,692.94 crore Recommended final dividend of Rs 3 per share
Nalco Q4 FY22 (Standalone, YoY) Revenue up 53.85% at Rs 4,340.82 crore EBITDA up 71.46% at Rs 1,618.59 crore EBITDA margin at 37.3% Vs 33.46% Net profit up 9.6% at Rs 1,025.68 crore
Apollo Hospitals Enterprises Q4 FY22 (Consolidated, YoY) Revenue up 24% at Rs 3,546 crore Net profit down 46% at Rs 90 crore EBITDA up 12% at Rs 463 crore Margins at 13.1% vs 14.4% Net profit down 46% to Rs 90 crore
InterGlobe Aviation Q4 FY22 (Standalone, YoY) Revenue up 29% at Rs 8,021 crore EBITDAR at Rs 172 crore vs Rs 648 crore EBITDAR margin at 2.1% vs 10.4% Net Loss of Rs 1,680 crore vs Rs 1,159 crore loss
Bata India Q4 FY22 (Consolidated, YoY) Revenue up 13% at Rs 665 crore EBITDA up 44% at Rs 162 crore EBITDA margin at 24.4% vs 19% Net profit up 114% at Rs 63 crore Recommended dividend of Rs 54.5 per share
Fortis Healthcare Q4 FY22 (Consolidated, YoY) Revenue up 10% at Rs 1,378 crore EBITDA up 12% at Rs 221 crore EBITDA margin at 16.1% vs 15.8% Net profit up 40% at Rs 87 crore
Brokerage Radar:
CLSAON IPCA LABS: O-P, TP cut to Rs 1050 from Rs 1140 Strong outlook for India keeps us constructive despite EPS cuts Sharp increase in Opex overshadowed revenue growth India business outperforms while export formulations saw muted performance
CREDIT SUISSE ON TORRENT POWER: O-P, TP Rs 3500 Strong margin recovery & growth guidance in FY23 Co expects EBITDA margin to expand by 300bp in 1Q FY23, with a further expansion of 100+bp in rest of FY23 Co expects double-digit rev growth in both India & Brazil in FY23.
CLSA ON BPCL:Buy, TP cut to Rs 435 Highest refining integration amongst peers 4FY22 standalone profit was way ahead of estimate as a marketing segment miss was more than offset by a huge refining margin beat. BPCL also saw QoQ market share gains across key fuels
International Markets:
U.S & Europe:
Particulars | 25th May | Chg | Chg(%) |
Nasdaq | 11,434.74 | 170.29 | 1.51 |
Dow | 32120.28 | 191.66 | 0.60 |
FTSE | 7,522.75 | 38.4 | 0.51 |
CAC | 6,298.64 | 45.5 | 0.73 |
DAX | 14,007.93 | 88.18 | 0.63 |
Dow Fut.* | 32131.30 | 10.5 | 0.03 |
Asian markets:
Particulars | 26th May | Chg. | Chg(%) |
SGX Nifty | 16,102.00 | 81 | 0.51 |
Nikkei | 26,685.71 | 7.91 | 0.03 |
Straits Times | 3,212.31 | 32.73 | 1.03 |
Hang Seng | 20,033.00 | -138.27 | -0.69 |
Shanghai | 3,104.87 | -2.59 | -0.08 |
ADR Watch:
Particulars | 25th May | Chg. | Chg.(%) |
Dr Reddy | 55.47 | -1.01 | -1.79 |
HDFC Bank | 56.35 | 2.1 | 3.87 |
ICICI Bank | 18.61 | 0.28 | 1.53 |
Infosys | 18.14 | -0.26 | -1.41 |
Tata Motor | 27.24 | -0.02 | -0.07 |
Wipro | 5.77 | -0.12 | -2.04 |
Commodities & Currency:
Particulars | Current Price | Chg(%) |
USD/INR | 77.53 | -0.07 |
Brent | 111.69 | 0.54 |
Gold | 1849.92 | 0.20 |
Silver | 21.873 | 0.01 |
FIIs & DII
Particulars | 25th May | 24rd May |
FIIs | -1803.06 | -2393.45 |
DIIs | 2229.82 | 1948.49 |
News Update
Tata Steel: The company acquired 3.55 lakh shares of Rs 10 each of wholly owned subsidiary Tata Steel Downstream Products at a premium of Rs 130.5 per share.
Vodafone Idea: The Government of India has received exemption from open offer to acquire 33.4% stake in the telecom company.
Aegis: Aegis Vopak terminals were successfully completed making it the largest independent tank storage company for LPG and chemicals in India.
Infosys: The company will collaborate with Palo Alto Networks to elevate the security-maturity of large enterprises and to help prevent the threat of cyberattacks on their critical infrastructure.
Source: Moneycontrol, Livemint,, Bloomberg, Investing
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