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

Asian stocks and U.S. equity futures rose Tuesday as traders weighed the resilience of the global recovery to tightening monetary policy. Shares advanced in Japan, Australia and South Korea, shrugging off a reversal on Wall Street on Monday in the last hour of trading as technology stocks such as Meta Platforms Inc. struggled. The Nasdaq Golden Dragon China Index declined as Alibaba Group Holding shares traded in the U.S. tumbled.The Singapore-traded SGX Nifty, an early indicator of India’s Nifty 50 Index’s performance, rose 0.25% to 17,257.50 as of 7:15 a.m. Elswhere, Oil’s rally took a breather. In cryptocurrencies, Bitcoin held gains and was trading around $44,000.

Economic Calendar:

  • INR: RBI Credit Policy on 10th February, 2022.
  • INR:  M3 Money Market Supply on 10th  February 2022.
  • USD: Trade Balance on 8th February, 2022.
  • USD: API weekly crude on 9th February, 2022.

Earnings: Bharti Airtel IRCTC Godrej Consumer Products Jindal Steel & Power NMDC Bata India Bajaj Electricals Escorts Gujarat Gas Indraprastha Gas Borosil Renewables Aster DM Healthcare Astrazeneca Pharma India Glenmark Life Sciences Latent View Analytics Tata Teleservices (Maharashtra) Mahanagar Gas Suven Pharmaceuticals Endurance Technologies Data Patterns (India) Jammu & Kashmir Bank Granules India Heidelbergcement India Ratnamani Metals & Tubes Redington (India) NCC Greenlam Industries IRB InvIT Fund Gujarat Alkalies & Chemicals Dynamatic Technologies EID-Parry (India) Praj Industries Goldiam International Jagran Prakashan JBM Auto Johnson Controls-Hitachi Air Conditioning India JK Paper Kolte-Patil Developers Manorama Industries Mayur Uniquoters Medicamen Biotech Morepen Laboratories.

Results:

TVS Motor Company Q3FY22 : Revenue up 8% at Rs 6,597.35 crore Vs Rs 6,094.91 crore Net profit down 13% at Rs 247.75 crore Vs Rs 283.65 crore Ebitda up 2% at Rs 769.60 crore Vs Rs 753.13 crore Margin at 11.7% Vs 12.4%

Nalco Q3FY22 (Consolidated, YoY) : Revenue up 59% at Rs 3,773.26 crore Vs Rs 2,378.79 crore Net profit at Rs 830.67 crore Vs Rs 239.71 crore Ebitda at Rs 1,190.52 crore Vs Rs 433.87 crore Margin at 31.6% Vs 18.2% Approved interim dividend of Rs 3 per share.

Castrol India: Q3FY22 (Consolidated, YoY) Revenue up 17% at Rs 1,090.60 crore Vs Rs 935.20 crore Net profit at Rs 188.60 crore Vs Rs 187.70 crore Ebitda up 3% at Rs 265.90 crore Vs Rs 257.6 crore Margin at 24.4% Vs 27.5% Recommended final dividend of Rs 3 per share.

Brokerage Radar:

KOTAK INST ON NALCO: ADD, TP raised to Rs 125 3Q EBITDA hit record high & 16% ahead of est led by stronger margins in aluminum Strong demand & supply disruptions keeping aluminum market in deficit & prices higher Co’s earnings highly sensitive to aluminum prices.

JP MORGAN ON TECH: Downgrade TCS to N from OW, TP cut to Rs 3800 from Rs 4440 Upgrade Mindtree to N from UW, TP cut to Rs 3900 from Rs 4450 On TCS: Stk O-P YTD, don’t see further upside On Mindtree: Stk U-P sector YTD, don’t see further downside INFO/MPHL/TECHM top OWs.

NOMURA ON MINDA INDUSTRIES: Downgrade to Neutral, TP Raised to Rs 1235 (on roll fwd) OE prod recovery, premiumization/EV opportunity to drive growth Valuations factor these in Stock currently trades at 36x FY24F EPS, believe is in fair value zone

International Markets:

U.S & Europe

Particulars 4th  Feb Chg Chg(%)
Nasdaq 14,015.67 -82.34 -0.58
Dow 35091.13 1.39 0.00
FTSE 7,573.47 57.07 0.76
CAC 7,009.25 57.87 0.83
DAX 15,206.64 107.08 0.71
Dow Fut.* 34100.9 9.3 -0.03

Asian markets:

Particulars 7th  Feb Chg. Chg(%)
SGX Nifty 17,235.50 21.5 0.12
Nikkei 27,365.46 116.59 0.43
Straits Times 3,386.95 20.47 0.61
Hang Seng 24,322.96 -256.59 -1.04
Shanghai 3,417.11 -12.47 -0.36

ADR Watch:

Particulars 4th  Feb Chg. Chg.(%)
Dr Reddy 57.52 -0.24 -0.42
HDFC Bank 67.38 -1.49 -2.16
ICICI Bank 21.18 -0.37 -1.72
Infosys 22.47 -0.42 -1.83
Tata Motor 32.8 -0.3 -0.91
Wipro 7.44 -0.16 -2.11

Commodities & Currency:

Particulars Current Price Chg(%)
USD/INR 74.70 -0.22
Brent 92.47 -0.08
Gold 1822.95 0.06
Silver 22.957 -0.52

FIIs & DII

Particulars 7th   Feb 4th   Feb
FIIs -1157.23 -2267.86
DIIs -1376.49  621.98  

News Update:

Adani Wilmar: The company will make a debut on bourses today.

TVS Motor: The company has appointed Ralf Dieter Speth as the Chairman of the board.

Emami:The company has approved buyback of fully paid equity share of face value Re 1 each for aggregate amount of Rs 162 crore.

Nestle: The company will consider deceleration of final dividend on Feb. 17.

TTK Prestige: The company has invested Rs 20.01 crore in exchange of 40.9% voting rights in Ultrafresh Modular Solutions. Further investment will be made by the company in due course, to increase its stake up to 51%, as and when the funds required by Ultrafresh.

Source: Moneycontrol, Livemint,, Bloomberg, Investing

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