Wipro and IndusInd Bank announce their quarterly results today
Events today
Opening of the Techno Electric takeover number; Redemption through the open market; Max. Redemption Price:- Rs 325
Maruti Suzuki launches the Grand Vitara
Board meeting
Care rating board plans to buy back shares
Goodluck India Board Meeting Regarding Warrant Issuance and Allocation
Results
Others:
Tata Communications
Syngene International
Gland Pharma
Mastek
Havell India
Oracle Financial Services Software
CEAT
Century Plywoods
AGM
ITC (10:30 a.m.)
J.S.W. Steel (11:00 a.m.)
Avadh Sugar (11:00)
Syngene International (3:30 p.m.)
Oil and Gas Updates
Brent crude at $107/bbl vs. $106/bbl
Singapore GRM at $5.3/bbl vs. $6.9/bbl
Asia spot gas price at $37.5/mmBtu vs. $36/mmBtu
Securities transaction
None
DII/FII data
FII bought for Rs 976.4 cr of shares on July 19 (prov)
Net DIIs sold for Rs 100.73 cr of shares on July 19
FII F&O cash data:
Net purchase of index futures Rs 310 cr
Net sale of index options Rs 464 cr
Net forward sale on shares Rs 815 cr
Stock options net buy Rs 74 cr
Total net sale of FII Rs 896 cr in F&O
F&O Ban
Delta Corporation
Bundle/Bulk Offer
HUBTOWN
Citygold Investments sold 9,22,242 @ 84.49
RESULT Q1FY23:
HUL
Turnover at `14272 cr vs `11915 cr, up 19.78%
EBITDA at `3247 cr vs `2847 cr, up 14.05%
EBITDA margin at 22.75% vs 23.89%
PAT at `2289 cr vs `2061 cr, up 11.06%
Rallies India
rev of ops `863cr vs `740cr yoy
PAT `67cr vs `82cr per year
EBITDA `112cr vs `122cr YoY
EBITDA margin 12.9% vs. 16.5%
Ambuja Cement Q2CY22
Revenue of 3,993 cr vs 3,371 cr, up 18% YoY
PAT 1,048 cr vs. 723 cr, up 45% year-on-year
EBITDA `685 cr vs. 959 cr, down 29% YoY
EBITDA margin 17.1% vs. 28.5%
L&T finance
NII `1533cr vs `1499cr, up 2% YoY
PAT `262cr vs `178cr, up 47% YoY
GNPA 4.08% vs. 4.08% q/q
NNPA 1.87% vs. 1.98% qoq
ICICI Lombard General Insurance
GDPI `5370cr vs `4188cr, up 28% YoY
PAT `349cr vs `194cr, up 79.6% YoY
The solvency ratio is 2.61x as of June 30, 2022
The combined ratio stood at 104.1% vs. 123.5% year-on-year
Company announcements
The board approved a dividend of Rs 19.5 – 8.2% yield.
The cumulative dividend till date stands at Rs 51/share already exceeding Rs 45 paid in FY22.
Vedanta Resources (parent company) had a debt maturity of $1 billion. However, after that, no major maturities are forthcoming and thus analysts do not expect such high dividend levels in the future.
Grasim
B2B e-commerce platform for trading and marketing building materials. Will invest around Rs 2000 cr over 5 years. This investment is expected to add a new high growth engine with clear adjacencies within Grasim’s stand-alone businesses as well as those of its subsidiaries and associated companies. The platform will primarily focus on MSMEs in the building materials segment with the potential to expand to other relevant categories.
Stake in ICRA fell from 5.81% to 3.43%
Stake in Siemens decreased from 7.19% to 5.17%
Moody’s confirmed JSW Hydro Energy Limited’s $707 million senior secured notes due 2031 at ‘Ba1’; with ‘Stable’ outlook
Trident
The company will temporarily close its major operations in Punjab from the night of July 20-21, 2022 due to the Union March
Milk Parag
Approved preferred issue of shares 1.2cr @ Rs 93.75/sh up to Rs 112.5cr
Approval of 20,00,000 convertible warrants to Akshali Shah @ Rs 93.75/mandate
Capital Aditya Birla
Clarifies news regarding Abu Dhabi Investment Authority’s investment in Aditya Birla Health Insurance Co. Ltd
Co says “continuously evaluates financing options, including equity financing from institutional investors, in its business”
Diagnosis of Krishna
Rajasthan Medical Education Society, Government of Rajasthan has awarded Tender for Supply, Installation, Operation and Maintenance of CT Center
Thermax
To invest up to Rs 9.99cr in Covacsis Technologies Private Ltd
Bank of Karnataka
Review capital increase plans at AGM
Vodafone Idea
Board meeting on July 22 to decide whether or not to issue shares or warrants to Vodafone Plc for a previously announced fundraising of Rs 436 cr.
Other news
Government lowers windfall tax on crude oil exports and production
The government waives export duties levied on units located in the SEZ
On the production of crude oil, tax reduced to Rs 17,000/ton instead of Rs 23,250/ton
On diesel and ATF, export duty reduced by Rs 2
On gasoline, export duties have been removed
From Bloomberg
Air India still in talks with Boeing and Airbus for major order
The order may include 150 Boeing 737, 50 Airbus A350
Air India and aircraft manufacturers discuss details at UK air show
Air India could unveil its order around August 15
Insiders
| Companies | Category | Number of actions | Activity |
| Avenue Supermarkets | Designated person | 250 | Sold |
| HFCL | Employee trust | 20,000 | Sold |
| Hubtown | promoter | 41,349 | Bought |
| Emma | promoter | 550,000 | Promise released |
| Financial Max | Promoter | 476,000 | Promise released |
Investor/analyst meeting
UPL winning call on August 1
Winning call Tatva Chintan on July 25
Winning Call for Quick Heal Technology July 22
Heritage Foods Earnings Call August 1
Kajaria Ceramics conference call on July 21
UTI AMC winning appeal July 27
Crompton Greaves win appeal on July 25
Emami Investor Conference Call on July 29
Crompton Greaves Consumer Electricals wins July 25 appeal
Ujjivan SFB wins appeal on July 26