Closing Indices

09th November 2022 

Bse Sensex Closed @ 61033.55 ⬇️ 151.60 Points 

Nse Nifty Closed @ 18157.00 ⬇️ 45.80 Points 

Bank Nifty Closed @ 41783.20 ⬆️ 96.50 Points 

India VIX Closed @ 15.9150 ⬆️ 0.3300 Points

In News

In News

Coal India: The country's largest coal mining company clocked a 106 percent year-on-year increase in consolidated profit at Rs 6,044 crore for the quarter ended September FY23, supported by a healthy top line, higher other income, and strong operating performance. Revenue from operations jumped 28 percent YoY to Rs 29,838 crore for the quarter, with raw coal production rising 10.6 percent YoY to 139.2 million tonnes and raw coal offtake increasing 4.8 percent to 154.53 million tonnes.

PB Fintech: The Policybazaar parent posted a consolidated loss of Rs 186.63 crore for the quarter ended September 30, 2022, narrowing from a loss of Rs 204.44 crore in the corresponding quarter of the last fiscal. Revenue from operations at Rs 573.5 crore was up 105 percent YoY. The company is confident of being adjusted EBITDA positive by Q4 this year.

Bharat Electronics: The Navratna defence PSU has signed a memorandum of understanding (MoU) with Delhi Metro Rail Corporation (DMRC) for jointly developing the indigenous communication-based train control system (i-CBTC).

Redington India: The company reported a 21.3 percent YoY increase in consolidated profit at Rs 391.91 crore for the quarter ended September 30, 2022. Revenue grew by 24.6 percent to Rs 19,051 crore from the year-ago period with healthy growth in Singapore, India and South Asia as well as the Rest of World.

Affle India: The consumer intelligence driven global technology company has clocked a 39.6 percent YoY increase in profit at Rs 58.7 crore for the quarter ended September FY23 on healthy growth in topline and operating performance. Revenue at Rs 354.6 crore for the quarter increased by 29 percent YoY and EBITDA rose 39 percent YoY to Rs 72.3 crore in Q2FY23. The CPCU business noted strong momentum delivering 6.5 crore converted users in Q2FY23, an YoY increase of 32. percent.

CEAT: The RPG Group company reported a 85 percent YoY decline in consolidated profit at Rs 6.44 crore for the quarter ended September FY23, dented by an increase in input cost and expenses towards voluntary retirement scheme. Revenue from operations increased 18 percent YoY to Rs 2,894 crore, and EBITDA at Rs 203.14 crore fell 7.8 percent from the year-ago period. It received approval from the board of directors for an additional investment of Rs 396 crore to increase farm radial tyres capacity at Ambarnath plant by 55 tonnes per day over the next two years.

One 97 Communications: Paytm parent posted a consolidated loss of Rs 571.5 crore for the September quarter, widening from a loss of Rs 473.5 crore in year-ago period but falling from a loss of Rs 645.4 crore in the previous quarter. Revenue from operations increased 76 percent on-year to Rs 1,914 crore for the quarter, driven by an increase in merchant subscription revenues, growth in bill payments due to growing MTU (monthly transaction user) and growth in disbursements of loans through the platform. The sequential rise in the top line was 14 percent.

Bharat Petroleum Corporation: The oil marketing company reported standalone loss of Rs 304.2 crore for the quarter ended September FY23, against a profit of Rs 2,841 crore in the same period last year despite one-time compensation of Rs 5,582 crore from the government for under -recoveries. Revenue from operations increased 26 percent YoY to Rs 1.28 lakh crore for the quarter.

F&O Stocks Ban For 09.11.22

Stock under F&O ban on NSE 9-Nov-22

None

Board Meetings

Today's Board Meetings 9-Nov-22

Tata Motors, Lupin, NALCO, Bajaj Consumer Care, Balrampur Chini Mills, Barbeque-Nation Hospitality, Deepak Nitrite, Edelweiss Financial Services, Engineers India, Godrej Properties, Nuvoco Vistas Corporation, Petronet LNG, Pidilite Industries, Prestige Estates Projects, Quess Corp, Star Health, and Tracxn Technologies. 

Corporate Actions

Today's Corporate Action 9th Nov Ex Date

IMAGICAA E.G.M.  

PUNITCO Bonus issue 5:1  

TECHM Special Dividend - Rs. - 18.0000

Stocks On Focus

Stocks On Focus

LAXMI ORGANICS Q2:CONS NET PROFIT DOWN 41 % AT 8.6 CR (YOY), DOWN 87 % (QOQ) REVENUE UP 7 % AT 652 CR  (YOY) ,DOWN 14  % (QOQ) EBITDA DOWN 4 % AT 29.3 CR (YOY),DOWN 70 %(QOQ)  MARGINS AT 4.5 % V 5 % (YOY), 13.2% (QOQ).

SALASAR TECHNO ENG. Q2:CONS NET PROFIT DOWN 26 % AT 7.5 CR (YOY), 1 % (QOQ) REVENUE UP 29 % AT 258 CR  (YOY) ,UP 23 % (QOQ) EBITDA DOWN 8 % AT 20.4 CR (YOY),UP 23 %(QOQ)  MARGINS AT 8 % V 11 % (YOY),8 % (QOQ).

SINTEX PLASTIC Q2:CONS NET LOSS 37 CR V 30 CR PROFIT (YOY),35 CR LOSS % (QOQ) REVENUE UP 12 % AT 274 CR  (YOY) ,UP 1 % (QOQ) EBITDA LOSS 8.25 V 48.8 CR PROFIT (YOY),4.5 CR LOSS (QOQ).

PIRAMAL PHARMA Q2:CONS NET LOSS 37 CR V 36 CR PROFIT (YOY), 109 CR LOSS  (QOQ) REVENUE UP 9 % AT 1720 CR  (YOY) ,UP 16 % (QOQ) EBITDA DOWN 12 % AT 173 CR (YOY), 17.3 CR PROFIT (QOQ) MARGINS AT 10 % V 12.5 % (YOY), 1.16 % (QOQ).

SPECIALTY REST. Q2:CONS NET PROFIT UP 323 % AT 11 CR (YOY),DOWN 26 % (QOQ) REVENUE UP 52 % AT 94 CR  (YOY) ,UP 4 % (QOQ) EBITDA UP 102 % AT 20.2 CR (YOY),UP 14 %(QOQ) MARGINS AT 21.7 % V 16.3 % (YOY), 19.8 % (QOQ).

NRB BEARING Q2:CONS NET PROFIT DOWN 46 % AT 12.5 CR (YOY), DOWN 47 % (QOQ) REVENUE UP 0.5 % AT 257 CR  (YOY) ,UP 9 % (QOQ) EBITDA DOWN 36 % AT 30 CR (YOY),UP 30 %(QOQ) MARGINS AT 11.7 % V 18.4 % (YOY), 18.1% (QOQ).

TAJGVK Q2:CONS NET PROFIT OF 33 CR V 1.18 CR (YOY), % (QOQ) REVENUE UP 59 % AT 89 CR  (YOY) ,UP 4 % (QOQ) EBITDA UP 126 % AT 30.88 CR (YOY),UP 4.5 %(QOQ)  MARGINS AT 34.6 % V 24.4 % (YOY), 34.5 % (QOQ).

RUCHIRA PAPER Q2: NET PROFIT UP 201 % AT 19.9 CR (YOY), UP 71% (QOQ) REVENUE UP 48 % AT 220 CR  (YOY) ,UP 11 % (QOQ) EBITDA UP 122 % AT 31.37 CR (YOY),UP 55 %(QOQ)  MARGINS AT 14.2 % V 9.5 % (YOY),10.2 % (QOQ).

Key Events

Key events this week:

US midterm elections, Tuesday

EIA oil inventory report, Wednesday

China aggregate financing, PPI, CPI, money supply, new yuan loans, Wednesday

US wholesale inventories, MBA mortgage applications, Wednesday

Fed officials John Williams, Tom Barkin speak at events, Wednesday

US CPI, US initial jobless claims, Thursday

Fed officials Lorie Logan, Esther George, Loretta Mester speak at events, Thursday

US University of Michigan consumer sentiment, Friday

Some of the main moves in markets:

Stocks

The S&P 500 rose 1.2% as of 11:59 a.m. New York time

The Nasdaq 100 rose 1.7%

The Dow Jones Industrial Average rose 1.6%

The Stoxx Europe 600 rose 0.8%

The MSCI World index rose 1.3%

Currencies

The Bloomberg Dollar Spot Index fell 0.6%

The euro rose 0.7% to $1.0086

The British pound rose 0.7% to $1.1591

The Japanese yen rose 0.8% to 145.42 per dollar

Cryptocurrencies

Bitcoin fell 1.5% to $20,371.5

Ether fell 1.9% to $1,546

Bonds

The yield on 10-year Treasuries declined eight basis points to 4.14%

Germany’s 10-year yield declined six basis points to 2.28%

Britain’s 10-year yield declined nine basis points to 3.55%

Commodities

West Texas Intermediate crude fell 1% to $90.83 a barrel

Gold futures rose 2.3% to $1,719.60 an ounce.