In News

Stocks in News

Coal India: Coal production increases to 34 Million Ton (mt) during the first half of May, 2022. (Positive)

Renuka Sugar: Net Profit at Rs 156.0 Cr Vs loss of Rs 44.0 Cr, Cons Revenue at Rs 2173.0 Cr Vs Rs 1299.0 Cr YoY (Positive)

Lumax Ind: Net Profit at Rs 28.5 Cr Vs Rs 22.7 Cr, Cons Revenue at Rs 549.0 Cr Vs Rs 504.0 Cr YoY (Positive)

eClerx: Net Profit at Rs 95.5 Cr Vs Rs 78.3 Cr, Cons Revenue at Rs 428.0 Cr Vs Rs 329.5 Cr YoY (Positive)

Latent View: Net Profit at Rs 39.2 Cr Vs Rs 23.9 Cr, Cons Revenue at Rs 117.0 Cr Vs Rs 79.0 Cr YoY (Positive)

Indian Hotels: Company reappoints Puneet Chhatwal MD & CEO for 5 years from Nov 6. (Positive)

Aster DM: Net profit at Rs 245.6 cr vs Rs 116.7 cr, Revenue at Rs 2,727.8 cr vs Rs 2,390.9 cr (YoY) (Positive)

The Phoenix Mills: Net profit at Rs 117.3 cr vs Rs 64.3 cr, Revenue at Rs 495.4 cr vs Rs 375.6 cr YoY. (Positive)

National Fertilizers: Net profit of Rs 6.06 Cr Vs loss of Rs 9.53 Cr, Revenue up 50% at 4,442.3 Cr Vs Rs 2,961.2 Cr YoY. (Positive)

Bayer Crop: Net profit at Rs 152.7 Cr Vs Rs 61.9 Cr, Revenue up 31.3% at Rs 963.3 Cr Vs Rs 733.7 Cr YoY (Positive)

ITI: Board To Consider Allotment of Shares to Government, against Capex Infusion, as per revival package of BIFR Order (Positive)

GMM Pfaudler: Along With Results Board to Consider Bonus Issue of Share (Positive)

Torrent Pharma: Along With Results Board to Consider Bonus Issue of Shares (Positive)

Railtel: Net profit up 99.6% at Rs 54.3 Cr Vs Rs 27.2 Cr, Revenue up 8.3% at Rs 465.5 Vs Rs 429.8 YoY (Positive)

FMCG Stocks: Central Govt allows import of 20 Lakh MT each of Crude Soyabean Oil and Crude Sunflower Oil per year. (Positive)

Titagarh Wagons bags the single largest order ever from the Indian Railways for 24,177 wagons valued at over Rs.7,800 crore (Positive)

Balrampur: Cons Revenue up 25.5% at Rs 1,279.6 Cr Vs Rs 1,019.3 Cr (YoY), Cons EBITDA down 0.4% at Rs 331 Cr Vs Rs 332.2 Cr (YoY). (Neutral)

Grasim: Net profit up 75.7% at Rs 813.5 Cr Vs Rs 463 Cr, Revenue up 45.1% at Rs 6,376.4 Cr Vs Rs 4,394 Cr (Neutral)

Adani Ports: Company re-appoints Gautam Adani as MD for 5 years from July 1 (Neutral)

Anupam Rasayan: Company to raise up to Rs 800 cr via QIP (Neutral)

Manali Petro: Net Profit at Rs 72.0 Cr Vs Rs 92.0 Cr, Cons Revenue at Rs 361.0 Cr Vs Rs 333.0 Cr YoY (Neutral)

Clariant Chemicals: Net Profit at Rs 16.2 Cr Vs Rs 11.0 Cr, Cons Revenue at Rs 210.0 Cr Vs Rs 218.0 Cr YoY (Neutral)

Dalmia Sugar: Revenue up 75.2% at Rs 856 cr vs Rs 488.6 cr, Net profit up 7.2% at Rs 55.6 cr vs Rs 51.86 cr YoY (Neutral)

Rites: Revenue up 21.7% at Rs 766 Vs Rs 629.4, Net profit up 0.6% at Rs 142.36 Cr Vs Rs 141.55 Cr YoY (Neutral)

KIOCL: Net Profit at Rs 193.0 Cr Vs Rs 194.0 Cr, Cons Revenue at Rs 1138.0 Cr Vs Rs 922.0 Cr YoY (Neutral)

MTAR Tech: Net Profit at Rs 19.8 Cr Vs Rs 18.0 Cr, Cons Revenue at Rs 98.0 Cr Vs Rs 69.0 Cr YoY (Neutral)

Metropolis: Net Profit at Rs 40.0 Cr Vs Rs 61.0 Cr, Cons Revenue at Rs 310.0 Cr Vs Rs 290.0 Cr YoY (Neutral)

STAR: Net profit down 34% at Rs 28.9 cr Vs Rs 43.7 cr, EBITDA down 73.2% at Rs 42 cr Vs Rs 156.7 cr YoY. (Neutral)

Ipca Laboratories: To merge two units with itself (Neutral)

SIS Ltd.: To take full control of unit Terminix SIS India (Neutral)

Minda Ind: Profit down 4.6% at Rs 156.18 Vs Rs 163.8 Cr, Revenue down 7.9% at Rs 2,415.0 Vs Rs 2,238.8 YoY (Negative)

Zee Media: Net loss of Rs 51.45 cr Vs Rs 10.5 cr profit, Revenue at Rs 247.7 cr Vs Rs 182.9 cr YoY. (Negative)

Market Events

Here are some key events to watch this week:

Reserve Bank of New Zealand rate decision Wednesday
FOMC minutes Wednesday
ECB publishes its Financial Stability Review Wednesday
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 fell 1.5% as of 2:59 p.m. New York time
The Nasdaq 100 fell 3%
The Dow Jones Industrial Average fell 0.5%
The MSCI World index fell 1.4%

Currencies

The Bloomberg Dollar Spot Index fell 0.1%
The euro rose 0.3% to $1.0724
The British pound fell 0.6% to $1.2511
The Japanese yen rose 0.9% to 126.81 per dollar

Bonds

The yield on 10-year Treasuries declined nine basis points to 2.76%
Germany’s 10-year yield declined five basis points to 0.97%
Britain’s 10-year yield declined eight basis points to 1.89%

Commodities

West Texas Intermediate crude fell 0.1% to $110.14 a barrel
Gold futures rose 0.8% to $1,868.80 an ounce