Aptech reports Q4 earnings

Aptech reports Q4 earnings.

◼️Net profit up 31% at Rs 33.4 cr Vs Rs 26 cr (YoY)

◼️Revenue at Rs 178.5 cr Vs Rs 64.7 cr (YoY)

*◼️Board approves #Bonus issue in the ratio of 2:5*

AVANTI FEED Q4 Result

AVANTI FEED Q4 Result 

NET PROFIT AT 93 CR V 84 CR (YOY)

REVENUE AT 1093 CR V 1332 CR

EBITDA AT 134 CR V 118 CR *YOY

MARGINS AT 12.3 % V 8.8 %

*DIVIDEND 6.25/share*

STOCKS IN ACTION 24 May

STOCKS IN ACTION 24 May

TTK Healthcare: Says Shareholders Approve Delisting Proposal

Adani Green Energy: The board meeting scheduled on May 24 to consider raising funds was cancelled due to non-availability of directors. The next date of meeting will be announced later.

Century Textiles board approves fundraising upto Rs 400 cr via NCDs in one or more tranches on a private placement basis

Varun Beverages incorporates South African wholly-owned subsidiary to explore manufacturing & distribution business of beverages

Trent incorporates new JV company with MAS Fashion to manufacture intimate apparel in India

Shriram Properties acquires a new project in Chennai with a revenue potential of approximately Rs 1,200 cr

NTPC: The power company aims to add 16 GW of renewable capacity by the fiscal ended 2026, the management said during its recent earnings call.

Ipca Laboratories/Lyka Labs: Ipca Laboratories has increased its shareholding in Lyka Labs by 9.76% in two tranches. It bought 44 lakh shares at Rs 139.50 apiece on March 15 and April 18. Ipca now holds 1.20 crore share of Lyka, or 36.34% of latter’s overall shareholding.

Polyplex Corp: Has Entered Into A Binding Term Sheet With Certain Members Of The Promoter Group ("Promoter Group Members") Of The Co And AGP Holdco 

Promoter Group Members Have Agreed To Sell To The Investor 24.2778% Stake In The Equity Share Capital Of The Co For An Aggregate Amount Of 13.8b Rupees

Wipro expands GoogleCloud partnership to advance enterprise adoption of Generative AI

Tata Chemicals re-appoints R. Mukundan as ManagingDirector & CEO for 5 years, effective November 26, 2023

Punjab National Bank: The bank appointed Amit Srivastava as its group chief risk officer.

DishTV: Anil Kumar Dua resigns as CEO of DishTV

Board seeks approval of Ministry Of Information and Broadcasting to appoint Manoj Dobhal as new CEO

Market Indication

Market Indication:

Global: FLAT to NEGATIVE

NIFTY: FLAT to NEGATIVE

BANKNIFTY:  FLAT to NEGATIVE

BULK Deals: Gland Pharma, Matrimony.com, Max Healthcare Institute etc.

Stocks In F&O Ban Period: Delta Corp, Indiabulls Housing Finance

Results Today: Hindalco Industries, National Aluminium Company, FSN E-Commerce Ventures, Oil India, 63 Moons Technologies, Ashoka Buildcon, Bayer Cropscience, Brigade Enterprises, Cummins India, Fine Organic Industries, Gujarat Pipavav Port, Garden Reach Shipbuilders & Engineers, ICRA, India Cements, IRCON International, JB Chemicals & Pharmaceuticals, Nava, The Phoenix Mills, Hitachi Energy India, Trident, Titagarh Wagons, and Wonderla Holidays

SGX NIFTY:  (Negative)

18284     -77.50    -0.42%

ROTO PUMP LTD Q4 RESULT

ROTO PUMP LTD Q4 RESULT 

NET PROFIT 11 CR VS 7 CR (YOY), Q3 9.2 CR

REVENUE 72 CR VS 51 CR (YOY), Q3 60 CR

EBITDA UP 65 % AT 18.5 CR (YOY),UP 41%(QOQ) 

EBITDA MARGINS AT 25.75 % V 22.8 % (YOY), 23 % (QOQ

*Dividend Declare : 3.15 RS*

*Bonus Issue : 1 : 1*

*Superb Number 🔥*

DIXON TECH Q4 RESULTS

DIXON TECH Q4 RESULTS

NET PROFIT 806M RUPEES VS 519M (QOQ); 630M (YOY)

REVENUE 30.65B RUPEES VS 24.05B (QOQ); 29.53B (YOY)

EBIT 1.24B RUPEES VS 821M (QOQ)

EBIT MARGIN 4.04% VS 3.42% (QOQ)

*CO RECOMMENDED A FINAL DIVIDEND OF 3 RUPEES PER SHARE*

AKZO NOBEL Q4 RESULT

AKZO NOBEL Q4 RESULT 

NET PROFIT 95 CR VS 75 CR (YOY)

EBITDA 154B CR VS 119 CR (YOY)

EBITDA MARGIN 16.26% VS 13.75% (YOY)

*COMPANY DECLARED FINAL DIVIDEND OF 40 RUPEES PER SHARE*

ASHOK LEYLAND Q4 RESULT

ASHOK LEYLAND Q4 Result 

NET PROFIT 7.51B RUPEES VS 9.01B (YOY); 3.61B (QOQ)

REVENUE 116.26B RUPEES VS 87.44B (YOY); 90.30B (QOQ) 

EBITDA 12.76B RUPEES VS 7.76B (YOY)

EBITDA MARGIN 10.98% VS 8.87% (YOY)

*CO RECOMMENDED A DIVIDEND OF 2.60 RUPEES PER SHARE*

Pre-Market Derivatives and Technical Set-up

*Pre-Market Derivatives and Technical Set-up*

◆ Nifty index opened flattish and witnessed buying interest throughout the day and it went on to touch 18335 zones. The second half of the session was comparatively range bound and it finally closed with gains of around 110 points. Buying at support zones continued from its previous session and it remained afloat. It formed a Bullish candle on daily scale and negated its lower highs formation of the last four sessions

◆ Now it has to hold above 18281 zones, for an up move towards 18400 and 18442 zones while on the downside support exists at 18181 and 18081 zones

◆ India VIX was up by 2.20% from 12.30 to 12.57 levels. Volatility was slightly high during the day but overall lower levels continued comforting the bulls at support zones

◆ On Option front, monthly Maximum Call OI is at 18500 then 18300 strike while Maximum Put OI is at 18200 then 18000 strike. Call writing is seen at 18500 then 18300 strike while meaningful Put writing is seen at 18200 then 18300 strike. Option data suggests a broader trading range in between 18000 to 18500 zones while an immediate trading range in between 18150 to 18450 zones

◆ Bank Nifty opened on a flattish note but failed to hold 44000 zones and drifted gradually towards 43700 zones in the latter part of the session. Some recovery was seen from lower zones in the last hour but it relatively underperformed the broader market to close with marginal losses of around 80 points. It formed a small bodied candle on daily scale as buying is visible at lower zones while multiple hurdles are intact at higher levels. Index has got stuck in between 43333 to 44144 zones from the past seven sessions and follow up is missing on either side

◆ Now it has to continue to hold above 43750 zones for an up move towards 44144 then 44250 zones while on the downside support is seen at 43500 then 43333 levels

◆ Bullish setup in Balkrisind, Ambuja Cement, Ramco Cement, BEL, Mphasis, Persistent, Techm, LTTS, TCS, Coforge, Hcltech, Bsoft, Cumminsind, DLF, IOC, AU Bank, Apollo Tyre, ITC, HAL, Maruti and M&M 

◆ Bearish setup in Siemens, Alkem and UBL

Pre- Market analysis 23th May

Pre- Market analysis 23th May

-  Bulls have dominated and Indian equity markets rallied 2nd consecutive day

-  Nifty was opened 18200 and rallied up to 18335

-  Sensex was up 234 points or 0.38% at 61,963.68

- Nifty was up 111 points or 0.61% at 18,314.4

-  Adanient & Adaniports have contributed around 60 points to lift the index

-  midcap index added 0.7 percent and the smallcap index 0.4%

- BPCL net profit zooms 159% YoY to Rs 6478 crore

-  FIIs net bought 922 crore while DIIs net bought 605 crore on May 22

- NCLT (Natioanal Company Law Tribunal) has ordered to NSE BSE to revies Sony-Zee merger

-  VEDL declared first interim dividend of Rs 18.50 for FY 2024. Record date of May 30

- VEDL already paid interim dividend os Rs 101.50 through FY 2023-2024

-  US president & Speaker MCCarthy meeting ends with no deal on debt ceilling

-  US Futures higher following a mixed close for the cash market

- Dow declined 0.42%, Nasdaq added 0.5% and S&P500 ended flat note

- US VIX ended 17.20

- US 10-year yield rises to 3.72%

-  Crude inches higher on rise in US gasoline futures

-  Brent crude above $76/bbl

- Gold prices fall to $1960/oz as FED Hawkish comments on weigh dollar

- Asian markets higher in early morning

- Nikkei & Kospi higher 0.5% and Hangseng at flat note

STOCKS IN ACTION 23 May

STOCKS IN ACTION 23 May

Torrent Power: The board of the company will consider raising Rs 3,000 crore via private placement of non-convertible debentures, along with the financial results for the March quarter and a final dividend for financial year 2022-23.

CENTURY TEXTILES: BOARDMEET Today 

Consider Fund Raising worth Rs 400 Crores Via NCDs

AXITA COTTON: BOARDMEET Today 

Consider BuyBack Proposal

ITI bags an Advance Purchase Order (APO) worth Rs. 3,889 cr from BSNL for its 4G rollout

Astra Microwave joint venture (JV) company, Astra Rafael Comsys, bags an order of Rs 158 cr from Defence Public Sector Undertaking (DPSU) for supply of Software Defined Radio (SDR)

JSW Steel | NCLT approves resolution plan of JSW Steel Coated Products For National Steel & Agro Industries Limited (NSAIL)

JSW Steel & JFE Steel agree to establish cold rolled grain oriented electrical steel manufacturing JV in India

IGL accepts authorisation for Noida Geographical Area (GA) without prejudice

Co has filed appeals against Petroleum & Natural Gas Regulatory Board (PNGRB) order in respect of Faridabad and Gurugram GAs

Alert: On Apr 25, PNGRB released its order regarding authorisation for Noida & Gurugram GAs

TELECOM DATA - MARCH 

RelianceJio added 30.5 Lakh mobile subscribers

BhartiAirtel onborded 10.37 Lakh mobile subscribers

VodafoneIdea lost 12.12 Lakh wireless users

MTAR TECHNOLOGIES: Alert Bloom Energy to host investor conference Tomorrow 

Vedanta: The company announced the first interim dividend of Rs 18.50 per share for the financial year 2023-24, with a total outgo of Rs 6,877 crore.

Coal India: The Joint Bipartite Committee for the Coal Industry signed the National Coal Wage Agreement for the period five years, effective July 1, 2021. The company has made provisions to the tune of Rs 9,252.24 crore for this effect for 21 months from July1, 2021 to March 31, 2023. The final impact of this is not likely to be significant.

MAX HEALTHCARE: Large Trade

GQG PARTNERS EMERGING MARKETS EQUITY FUND

BUY 75,50,000 Shares @ Rs 549.7/ Share

MATRIMONY: Large Trade

CARNELIAN ASSET ADVISORS PRIVATE LIMITED

BUY 135,495 Shares @ Rs 560/ Share 

KOKUYO CAMLIN: Large Trade 

EQUITY INTELLIGENCE INDIA PRIVATE LIMITED

BUY 540,000 Shares @ Rs 105.79/ Share

GLAND PHARMA: Large Trade 

MORGAN STANLEY INVESTMENT FUNDS EMERGING MARKETS EQUITY FUND

SOLD 960,271 Shares @ Rs 930.69/ Share

BPCL Q4 Result

BPCL Q4 Result 

NET PROFIT 64.78B RUPEES VS 19.59B (QOQ); 21.3B (YOY) 

REVENUE 1.33T RUPEES VS 1.33T (QOQ); 1.24T (YOY) 

EBITDA 111.5B RUPEES VS 42.33B (QOQ)

EBITDA MARGIN 8.36% VS 3.18% (QOQ)

*CO RECOMMENDED DIVIDEND OF 4 RUPEES PER SHARE*

GUJARAT ALKALIES & CHEMICALS Q4 Result

GUJARAT ALKALIES & CHEMICALS Q4 Result

NET PROFIT 710M RUPEES VS 2.2B (YOY); 872M (QOQ)

REVENUE 11.38B RUPEES VS 11.4B (YOY); 11.2B (QOQ) 

EBITDA 2.43B RUPEES VS 3.5B (YOY)

EBITDA MARGIN 21.31% VS 30.69% (YOY)

*CO RECOMMENDED FINAL DIVIDEND OF 23.55 RUPEES PER EQUITY SHARE*

UPI transactions

837X rise in UPI transactions between April 2020 - April 2023 (Value in Rs. Crores):

April 2023: 1415505

April 2022: 983573

April 2021: 493664

April 2020: 151141

(RBI)

Derivatives update

*Derivatives update*

Good morning !! Derivatives update for Monday, 20 May 2023.

India VIX was down by 3.91% from 12.79 to 12.30 levels. Volatility sunk during the day and paved way for the bulls in the market at support zones.

Nifty *Put/Call Ratio* (OI) increased from 0.93 to 1.01 level. 

On Option front, monthly Maximum Call OI is at 18200 then 18500 strike while Maximum Put OI is at 18200 then 18000 strike. Call writing is seen at 18450 then 18400 strike while minor Put writing is seen at 18100 then 18000 strike.

*Option data suggests a broader trading range in between 17900 to 18400 zones while an immediate trading range in between 18050 to 18350 zones.*

For weekly Bank Nifty, Maximum Put OI is at 43000 then 44000 strike and maximum Call OI is placed at 44000 then 44500 strike. We have seen Call writing 46000 and Put writing is witnessed at 44000 strike. 

Bank Nifty Put Call Ratio increased from 1.01 to 1.15. Implied volatility fell from 14.4 to 13.2 levels.

Bank Nifty (CMP 43,969.4)

Data setup for Bank Nifty suggests a trading range in between *43333/43500 to 44144/44250 zones.*

Looking ahead at the FII’s derivatives activity, there was short built up in index futures, call & put selling in index options and long built up in stock futures.

In the cash market, FIIs were net sellers to the tune of 113 crores while DII’s were net buyers worth 1071 crores. FIIs Index Long Short Ratio decreased to 47.64%.

Derivatives data and price set up suggests, Nifty has to hold above 18181 zones, for an up move towards 18333 and 18442 zones while on the downside supports exist at 18081 and 18018 zones.

Bank Nifty has to hold above 43750 zones for an up move towards 44144 then 44250 zones while on the downside support is seen at 43500 then 43333 levels.

Thank you. Have a great trading day and week ahead..!!

Pre-Market Derivatives and Technical Set-up

*Pre-Market Derivatives and Technical Set-up*

◆ Nifty index opened positive and fell steeply in the first half of the session to touch intraday low of 18060 and was followed by recovery throughout the day. Buying interest was ignited at 18081 zones and it touched high of 18218 zones to finally close with gains of around 70 points. It formed a Bullish hammer on daily scale with longer lower shadow indicating buying at support zones. It formed a Bearish candle on weekly frame but has been forming higher highs from the last eight weeks which suggests supports are gradually shifting higher

◆ Now it has to hold above 18181 zones, for an up move towards 18333 and 18442 zones while on the downside supports exist at 18081 and 18018 zones

◆ India VIX was down by 3.91% from 12.79 to 12.30 levels. Volatility sunk during the day and paved way for the bulls in the market at support zones

◆ On Option front, monthly Maximum Call OI is at 18200 then 18500 strike while Maximum Put OI is at 18200 then 18000 strike. Call writing is seen at 18450 then 18400 strike while minor Put writing is seen at 18100 then 18000 strike. Option data suggests a broader trading range in between 17900 to 18400 zones while an immediate trading range in between 18050 to 18350 zones

◆ Bank Nifty opened gap up by 150 points near 43950 zones but failed to hold its opening gains and drifted swiftly towards 43500 zones in the initial hour of the session. Later on it remained consolidative in narrow range of 100 points but recovered its intraday losses and extended its momentum towards 44000 zones. It formed a Bullish Pin Bar candle with long lower shadow on daily scale which suggests buying is visible at lower zones but facing multiple hurdle near 44050 zones from the past few sessions. On weekly structure, it formed a small bullish candle and higher highs - higher lows structure is intact from the past eight weeks

◆ Now it has to hold above 43750 zones for an up move towards 44144 then 44250 zones while on the downside support is seen at 43500 then 43333 levels

◆ Bullish setup in DLF, Tata Motors, Adani Ent, Adani Ports, Bsoft, Coforge, Indhotel, Infy, Mphasis, LTIM and Ramco Cement

◆ Bearish setup in ABFRL, AB Capital, Astral, Auropharma, Bandhan Bank, Britannia, Divis Labs, Siemens and Zyduslife

STOCKS IN ACTION 22 May

STOCKS IN ACTION 22 May

Dilip Buildcon: The company has been selected as the L-1 bidder for construction of Malhargarh pressurized micro lift major irrigation project on turnkey basis by Water Resource Department in the state of Mandsaur, Madhya Pradesh at a cost of Rs 699.03 crore.

NTPC: NTPC Green Energy, the renewable arm of the company, signed an MoU with HPCL Mittal Energy under which it will supply 250 MW green energy to the latter, according to a statement by NTPC. Both companies will explore opportunities in production of green hydrogen, green ammonia and green methane.

NDTV: The company’s stock has been moved out of long-term additional surveillance measure framework by BSE and National Stock Exchange.

Piramal Pharma: The U.S. FDA completed the good manufacturing practices and pre-approval inspection of the company’s Pithampur facility with no Form 483 observations.

Shreyas Shipping and Logistics to delist from exchanges: BSE

Zomato appoints Rakesh Ranjan as CEO of Food Ordering & Delivery Business, Rinshul Chandra as COO of Food Ordering & Delivery Business & Rishi Arora as CEO of Zomato Hyperpure

JSW Steel board elevates Jayant Acharya as MD & CEO for 5 years

Gajraj Singh Rathore appointed as Whole-time Director designated as Chief Operating Officer

Zee Entertainment Enterprises/IDBI Bank: The Mumbai bench of the National Company Law Tribunal has dismissed the application by IDBI Bank to initiate insolvency proceedings against Zee Entertainment.

Aurobindo Pharma: The U.S. FDA has issued a Form 483 with four observations after inspecting the company’s Unit XIV, an API non antibiotic manufacturing facility situated at Paravada Industrial Area, in Anakapalli, Andhra Pradesh.

positive returns in PSB

All PSBs have given positive returns in the last one year.

1. UCO Bank +130%

2. PSB +100%

3. Bank of Maha. +96%

4. UBI +95%

5. BOB +89%

6. Indian Bank +88%

7. BOI +74%

8. PNB +68%

9. Canara Bank +59%

10. Central Bank +52%

11. IOB +42%

12. SBI +28%

19-05-2023

Largest companies by country (market cap)

Largest companies by country (market cap):

🇦🇷Argentina → MercadoLibre

🇦🇺Australia → BHP Group

🇦🇹Austria → Verbund AG

🇧🇪Belgium → Anheuser-Busch Inbev

🇧🇷Brazil → Petrobras

🇰🇭Cambodia → Sihanoukville Autonomous

🇨🇦Canada → Royal Bank Of Canada

🇨🇱Chile → Sociedad Química y Minera

🇨🇳China → Tencent

🇩🇰Denmark → Novo Nordisk

🇫🇮 Finland → Nordea Bank

🇫🇷France → LVMH

🇩🇪Germany → SAP

🇬🇷Greece → OTE Group

🇭🇰Hong Kong → AIA

🇮🇹Italy → Enel

🇮🇸 Iceland → Alvotech

🇮🇩Indonesia → Bank Central Asia

🇮🇳India → Reliance Industries

🇮🇪Ireland → Accenture

🇮🇱 Israel → Mobileye

🇯🇵Japan → Toyota

🇱🇺Luxembourg → ArcelorMittal

🇲🇾Malaysia → Maybank

🇲🇽Mexico → Walmex

🇳🇱Netherlands → ASML

🇳🇿New Zealand → Fisher & Paykel Healthcare

🇳🇴Norway → Equinor

🇵🇱Poland → PKN Orlen

🇵🇹Portugal → EDP Group

🇷🇺Russia → United Heavy Machinery

🇸🇦Saudi Arabia → Saudi Aramco

🇸🇬Singapore → DBS Group

🇿🇦South Africa → Naspers

🇰🇷South Korea → Samsung

🇪🇸Spain → Inditex

🇸🇪Sweden → Atlas Copco

🇨🇭Switzerland → Nestlé

🇹🇼Taiwan → TSMC

🇹🇭Thailand → Airports of Thailand

🇹🇷Turkey → Sasa Polyester

🇦🇪UAE → International Holding Company

🇬🇧UK → AstraZeneca

🇺🇸US → Apple

PI INDUSTRIES Q4 Result

PI INDUSTRIES Q4 Result 

NET PROFIT 2.79B RUPEES VS 2.05B (YOY); 3.5B (QOQ)  

REVENUE 15B RUPEES VS 13.4B (YOY); 15.7B (QOQ)  

EBITDA 3.34B RUPEES VS 302M (YOY) 

EBITDA MARGIN 22.19% VS 22.4% (YOY)

*CO RECOMMENDED FINAL DIVIDEND OF 5.50 RUPEES PER EQUITY SHARE*