Closing Indices

30 MAY 2022 

Bse Sensex Closed @ 55925.74 🔼 1041.08 Points 

Nse Nifty Closed @ 16661.40 🔼 308.95 Points 

Bank Nifty Closed @ 35826.95 🔼 213.65 Points 

India VIX Closed @ 19.9800 🔽 1.15000 Points

In New

Stocks in News

Adani Defence Systems and Technologies, a wholly owned subsidiary of Adani Enterprises, has signed definitive agreement to acquire 50 percent stake in General Aeronautics. Adani Defence Systems and Technologies Limited shall leverage its military drone and AI/ML capabilities and work with General Aeronautics for providing end to end solutions for agriculture sector. General Aeronautics provides robotic drones and drone based solutions for crop protection services, crop health, precision- farming and yield monitoring using artificial intelligence and analytics for the agricultural sector. 

Arvind Fashions' Q4 revenue rose 34 percent YoY to Rs 917 crore as compared to Rs 685 crore, led by a strong bounce back in demand and strong footfalls, reflected in 20 percent like to like (LTL) growth in February-March 2022. The company reported a marginal profit of Rs 1 crore as compared to a loss of Rs 45 crore during the same period last year. 

TCI Express' Q4 profit fell 15.6 percent YoY to Rs 35.93 crore, compared to Rs 42.57 crore in the prior year period. The regional restrictions due to COVID, impacted the performance of the company. However, revenue for the quarter improved by 7.3 percent to Rs 300 crore as compared to Rs 280 crore last year. The company recommended a dividend of Rs 2.00 per equity share of Rs 1 each for the financial year ended March 31, 2022. 

Welspun Corp's Q4 profit slumped 30.4 percent year-on-year to Rs 263.5 crore as compared to a profit of Rs 379 crore in the year ago period, due to higher global energy prices and rise of commodity prices. Revenue for the quarter dipped marginally by 1.2 percent on year to Rs 2,011 crore as compared to Rs 2,035 crore a year ago. The company has recommended a final dividend of Rs 5 per share for FY22.

HUDCO's Q4 consolidated net profit jumped 42 percent YoY to Rs 746.85 crore for the March ending quarter as compared to Rs 526.28 crore during the same period last year, aided by lower finance costs and impairment credit. Revenue for the housing development company remained flat with a marginal decline of 1.8 percent to Rs 1,727 crore as compared to 1,759 crore during the prior year period. 

Sun TV Network's Q4 consolidated net profit fell 16 percent to Rs 410 crore as compared to Rs 488 crore due to higher operating and other expenses. The revenue for the quarter inched higher by 7 percent to Rs 857 crore compared to Rs 803 crore during the prior year period. 

FSN E-Commerce (Nykaa) Q4 profit fell 33 percent YoY to Rs 413 crore compared to Rs 616 crore last year, due to steep rise in marketing and other operating expenses. Revenue came in higher by 55 percent on year to Rs 3,774 crore. 

JSW Steel's consolidated Q4 profit declined 23 percent YoY to Rs 3,234 crore as against Rs 4,198 crore during the prior year period due to surge in cost of raw materials, power & fuel, other expenses and inventory costs. Consolidated revenue rose 74 percent on-year to Rs 46,895 crore as compared to a net revenue of Rs 26,934 crore registered in the year-ago quarter. The company has recommended a dividend of Rs 17.35 per equity share of Rs 1 each for the year ended 31 March 2022. 

United Spirits' Q4 consolidated profit fell 12 percent YoY to Rs 178.6 crore compared to Rs 203 crore earned during the same period last year, due to higher raw material and marketing expenses. Revenue remained flat with a marginal growth of 1.2 percent to Rs 7,767 crore as compared to Rs 7,678 crore last year.

Corporate Updates

Today's Corporate Action 30th May Ex Date

JSWENERGY Dividend - Rs. - 2.0000
SIL Interim Dividend - Rs. - 1.7500



Today's Key Results/Board Meetings 30-May-22

Life Insurance Corporation of India, Jubilant Foodworks, Sun Pharma, Aurobindo Pharma, Campus Activewear, IRCTC, Coffe Day Enterprises, LT Foods (Daawat), Dilip Buildcon, DCM Shriram Industries, Delhivery, Dhampur Sugar, Dhani Services, Dish TV, Dixon Technologies, Dredging Corporation of India, Eureka Forbes, Jindal Steel & Power, Lux Industries, Mazagon Dock Shipbuilders, Mawana Sugar, Mcleod Russel, Medplus Health, Natco Pharma, Prudent Corporate Advisory Services, Radico Khaitan, Stove Kraft, and Wockhardt will be in focus ahead of March quarter earnings.

Closing Indices

27 MAY

Bse Sensex Closed @ 54884.66 🔼 632.13 Points

Nse Nifty Closed @ 16352.45 🔼 182.30 Points

Bank Nifty Closed @ 35613.30 🔼 518.40 Points

India VIX Closed @ 21.4800 🔽 1.2375 Points

Weekly 23 -- 27 MAY

Bse Sensex Closed @ 54884.66 🔼 558.27 Points

Nse Nifty Closed @ 16352.45 🔼 86.30 Points

Bank Nifty Closed @ 35613.30 🔼 1336.90 Points

India VIX Closed @ 21.4800 🔽 1.6200 Points

Corporate Updates

Today's Corporate Action 27 May Ex Date

GUJCMDS Stock Split From Rs.10/- to Rs.1/-

MANAPPURAM Interim Dividend - Rs. - 0.7500

SAWABUSI Bonus issue 10:100

SAWABUSI Stock Split From Rs.10/- to Rs.1/-

SOLARINDS Final Dividend - Rs. - 7.5000

Today's Key Results/Board Meetings 27-May-22

JSW Steel, FSN E-Commerce Ventures (Nykaa), GAIL, Glenmark Pharma, Godrej Industries, India Cements, PB Fintech (Policy Bazaar), Ruchi Soya, Jubilant Pharmova, Jubilant Industries, Aarti Industries, Ion Exchange, Info Edge India, JP Power, Aegis Logistics, Akzo Nobel India, Apar Industries, Arvind Fashions, Astral Pipes, Atul Auto, Balmar Lawrie, BEML, Crompton Greaves Consumer Electricals, City Union Bank, Edelweiss Financial Services, Engineers India, ESAB India, Everest Industries, Exxaro Tiles, Future Consumer, Force Motors, Heritage Foods, HT Media, Inox Wind, IRCON International, Kalyani Forge, Karnataka Bank, Lemon Tree Hotels, Man Industries, Oil India Ltd, Ramky Infrastructure, Sun TV, Tarsons Products, TCNS Brands, United Spirits, and VRL Logistics will release their quarterly earnings scorecard on May 27.

To Watch

 TO WATCH

HINDALCO IND, GSFC, BDL, CUMMINS INDIA, ANTONY WASTE, BANCO PRODUCTS, MISHRA DHATU, NMDC, OBEROI REALTY, ASTRAZENCA, BHARAT RASAYAN, BERGER PAINTS, JB CHEMICALS, ZEEL, PEL, MUTHOOT FIN

Hindalco Industries: Q4 Cons Net Profit 38.51b Rupees Vs 19.3b (YoY); Est 18b | 37b (QoQ) Q4 Revenue 557.64b Rupees Vs 405b (YoY); 503b (QoQ) Co Recommends Dividend Of 4 Rupees Per Share

Gujarat State Fertilizers & Chemicals: Q4 Cons Net Profit 2.86b Rupees Vs 1.5b (YoY); 2.45b (QoQ) Q4 Revenue 20.33b Rupees Vs 17.4b (YoY); 26.6b (QoQ) Co Recommends Dividend Of 2.50 Rupees Per Share

Bharat Dynamics: Q4 Sl Net Profit 2.64b Rupees Vs 2.60b (YoY); 2.13b (QoQ) || Q4 Revenue 13.81b Rupees Vs 11.37b (YoY); 8.04b (QoQ) 

Cummins India: Q4 Cons Net Profit 2.16b Rupees Vs 1.7b (YoY); Est 1.87b | 2.5b (QoQ) Q4 Revenue 14.77b Rupees Vs 12.4b (YoY); 17.1b (QoQ) Co Says Won't Give Full-Year Revenue Guidance Due To Uncertainty

Antony Waste Handling Cell: Q4 Cons Net Profit 201m Rupees Vs 118m (YoY); 130m (QoQ) || Q4 Revenue 1.88b Rupees Vs 1.34b (YoY); 1.61b (QoQ)

Banco Products: Q4 Cons Net Profit 401.9m Rupees Vs 184m (YoY); 171m (QoQ) || Q4 Revenue 4.99b Rupees Vs 4.45b (YoY); 3.9b (QoQ) 

Mishra Dhatu Nigam: Q4 Cons Net Profit 811m Rupees Vs 747.1m (YoY); 429m (QoQ) Q4 Revenue 3.23b Rupees Vs 3.46b (YoY); 2.3b (QoQ) Co Has Recommended A Dividend Of Rupees 1.54 Per Share

NMDC: Q4 Sl Net Profit 18.59b Rupees Vs 28.37b (YoY); Est 23.2b | 20.4b (QoQ) || Q4 Revenue 67.02b Rupees Vs 68.47b (YoY); 58.74b (QoQ)
 
Oberoi Realty: Q4 Cons Net Profit 2.32b Rupees Vs 2.87b (YoY); 4.67b (QoQ) Q4 Revenue 8.24b Rupees Vs 7.9b (YoY); 8.3b (QoQ) Co Recommended A Dividend Of Rupees 3 Per Equity Share

Astrazeneca Pharma: Q4 Sl Net Profit 279.8m Rupees Vs 273m (YoY); 114.2m (QoQ) Q4 Revenue 2.32b Rupees Vs 2.10b (YoY); 2.01b (QoQ) Co Recommended A Dividend Of Rupees 8 Per Share

Bharat Rasayan: Q4 Cons Net Profit 646m Rupees Vs 468m (YoY); 459m (QoQ) || Q4 Revenue 4.45b Rupees Vs 2.7b (YoY); 3.35b (QoQ)

Berger Paints India: Q4 Cons Net Profit 2.21b Rupees Vs 2.08b (YoY); Est 2.29b | 2.53b (QoQ) Q4 Revenue 21.88b Rupees Vs 20.26b (YoY); 25.51b (QoQ) Co Has Recommended A Dividend Of Rupees 3.10 Per Share

JB Chemicals & Pharmaceuticals: Q4 Cons Net Profit 848.5m Rupees Vs 1.01b (YoY) | 838.8m (QoQ) || Q4 Revenue 6.25b Rupees Vs 5.29b (YoY); 6.01b (QoQ) 

ZEEL: Q4 Cons Net Profit 1.82b Rupees Vs 2.72b (YoY); Est 3.4b | 2.99b (QoQ) Q4 Revenue 23.61b Rupees Vs 19.66b (YoY); 21.3b (QoQ) Co Has Recommended A Dividend Of Rupees 3 Per Share

PEL: Q4 Cons Net Profit 1.09b Rupees Vs Loss 5.71b (YoY); Est Profit 8.67b | Profit 8.55b (QoQ) Q4 Revenue 41.63b Rupees Vs 34b (YoY); 38b (QoQ) Co Recommends Dividend Of 33 Rupees Per Share

Muthoot Finance: Q4 Sl Net Profit 9.6b Rupees Vs 9.95b (YoY); Est 10.4b | 10.28b (QoQ) || Q4 Revenue 26.69b Rupees Vs 28.24b (YoY); 28.68b (QoQ)

Market Events

Here are some key events to watch this week:

US core PCE price index; personal income and spending; wholesale inventories; University of Michigan consumer sentiment Friday

Some of the main moves in markets:

Stocks

The S&P 500 rose 1.6% as of 11 a.m. New York time
The Nasdaq 100 rose 2%
The Dow Jones Industrial Average rose 1.4%
The Stoxx Europe 600 rose 0.8%
The MSCI World index rose 1.2%

Currencies

The Bloomberg Dollar Spot Index fell 0.1%
The euro rose 0.3% to $1.0716
The British pound was little changed at $1.2572
The Japanese yen was little changed at 127.33 per dollar

Bonds

The yield on 10-year Treasuries advanced two basis points to 2.76%
Germany’s 10-year yield advanced four basis points to 0.99%
Britain’s 10-year yield advanced five basis points to 1.96%

Commodities

West Texas Intermediate crude rose 3.5% to $114.23 a barrel
Gold futures fell 0.1% to $1,850.50 an ounce

Corporate Updates

 Today's Corporate Action 26 May Ex Date

INDINFR Income Distribution (InvIT)
ITC Final Dividend - Rs. - 6.2500
MOTILALOFS Buy Back of Shares
VISAKAIND Final Dividend - Rs. - 8.0000


Today's Key Results/Board Meetings 26-May-22

Hindalco Industries, Motherson Sumi Systems, Muthoot Finance, Zee Entertainment Enterprises, Aarti Surfactants, Oberoi Realty, Aban Offshore, AllCargo Logistics, Ansal API, Astrazeneca Pharma, Berger Paints, Colgate Palmolive India, Cummins India, Good Year India, Gujarat State Fertilizers Corporation, India Glycols, Jet Airways, Kirloskar Industries, Chemcon Speciality Chemicals, NMDC, Page Industries, Prestige Estate Projects, Quess Corp, Shalimar Paints, and Sudarshan Chemicals will be in focus on May 26 ahead of their March quarter earnings.

Market Events

 Here are some key events to watch this week:

Bank of Korea rate decision Thursday
US GDP, initial jobless claims Thursday
US core PCE price index; personal income and spending; wholesale inventories; University of Michigan consumer sentiment Friday

Some of the main moves in markets:

Stocks

The S&P 500 rose 1% as of 4 p.m. New York time
The Nasdaq 100 rose 1.5%
The Dow Jones Industrial Average rose 0.6%
The MSCI World index rose 0.7%

Currencies

The Bloomberg Dollar Spot Index rose 0.2%
The euro fell 0.5% to $1.0677
The British pound rose 0.4% to $1.2577
The Japanese yen fell 0.4% to 127.31 per dollar

Bonds

The yield on 10-year Treasuries was little changed at 2.75%
Germany’s 10-year yield declined one basis point to 0.95%
Britain’s 10-year yield advanced two basis points to 1.91%

Commodities

West Texas Intermediate crude rose 0.9% to $110.81 a barrel
Gold futures fell 0.7% to $1,859.20 an ounce