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Stocks To Watch: HDFC Bank, HCL Tech, PNB Housing, DMart, Coal India, Indiabulls Real Estate – BloombergQuint

India’s equity benchmarks closed at record on Thursday and rose for the sixth consecutive session, aided by gains in banking, information technology, metal, power and realty stocks.

The S&P BSE Sensex index rose 0.94% to 61.305.95, a record close for the 30-stock index. The 30-stock index hit a record 61,353.25 in intraday trade. The NSE Nifty 50 Index also advanced by a similar magnitude to close at 18,338.55, a record close for the index. The 50-stock gauge hit a record 18,350.75 in intraday trade.

Earnings Post Market Hours

HDFC Bank Q2FY22 (Standalone)

  • NII up 12% at Rs 17,684 crore Vs Rs 15,776.4 crore (YoY)

  • Net profit up 17.6% at Rs 8,834 crore Vs Rs 7,513 crore (YoY)

  • GNPA at 1.35% Vs 1.47% (QoQ)

  • NNPA at 0.40% Vs 0.48% (QoQ)

  • Total provisions for the bank rose 6% YoY to Rs 3,925 crore

  • Total deposits stood at Rs 14.06 lakh crore, up 14.4% YoY

Avenue Supermarts Q2FY22 (Consolidated, YoY)

  • Revenue up 47% at Rs 7,788.94 crore Vs Rs 5,306.20 crore

  • Net profit up 1.10 times at Rs 417.79 crore Vs Rs 198.55 crore

  • Ebitda up 1.03 times at Rs 668.58 crore Vs Rs 329.5 crore

  • Margin at 8.58% Vs 6.21%

HCL Technologies Q2FY22 (Consolidated, QoQ)

  • Revenue up 2.9% at Rs 20,655 crore Vs Rs 20,068 crore

  • Ebit down 0.4% at Rs 3,916 crore Vs Rs 3,934 crore

  • Ebit margin 19% Vs 19.6%

  • Net profit up 1.6% at Rs 3,265 crore Vs Rs 3,205 crore

  • Declared an interim dividend of Rs 10 per equity share

Cyient Q2FY22 (Consolidated, QoQ)

  • Revenue up 5% at Rs 1,111.60 crore Vs Rs 1,058.20 crore

  • Net profit up 5% at Rs 121.30 crore Vs Rs 115 crore

  • Ebit up 13% at Rs 155.50 crore Vs Rs 137.40 crore

  • Ebit margin 14% Vs 13%

  • Declared an interim dividend of Rs 10 per equity share

Mahindra CIE Automotive Q2FY22 (Consolidated, YoY)

  • Revenue up 23% at Rs 2,090.60 crore Vs Rs 1,694.30 crore

  • Net profit up 1.74 times at Rs 166.32 crore Vs Rs 60.76 crore

  • Ebitda up 78% at Rs 268.41 crore Vs Rs 150.85 crore

  • Margin at 12.84% Vs 8.90%

Indiabulls Real Estate Q2FY22 (Consolidated, YoY)

  • Revenue up 16.43 times at Rs 349.31 crore Vs Rs 20.14 crore

  • Net profit of Rs 5.53 crore Vs Net loss of Rs 76.13 crore

  • Sameer Gehlaut to leave the office of non-executive director and chairman of the company by the end of the year to focus on business of providing technology-enabled transaction finance and primary healthcare services by Dhani Services

Stocks To Watch

  • Coal India: The company has temporarily stopped supplies to industrial users as the energy crisis in India escalates. The move to prioritize supplies to power plants is aimed at helping boost depleted inventories that are putting continued operations at risk. But it could worsen the situation for other industries such as aluminium smelters, cement producers and steel mills.

  • Lupin: Lupin Pharmaceuticals Inc. has voluntarily recalled lrbesartan tablets and lrbesartan and Hydrochlorothiazide tablets in the U.S. due to the presence of an impurity called N-nitrosolrbesartan. Some tested API batches were above the specification limit for the impurity, the company said. Lupin discontinued the marketing of these tablets in January 2021.

  • Dr. Reddy’s Laboratories: Exelixis Inc has in-licensed second anti-cancer compound from Aurigene Discovery following U.S. FDA acceptance of lnvestigational New Drug application for phase 1 clinical trial in Non-Hodgkin’s Lymphoma. Further the company has launched Carmustine for Injection, USP, a therapeutic equivalent generic version of BiCNU® approved by the FDA.

  • Dixon Technologies (India): Dixon Electro Appliances, a subsidiary of the company, has received approval from the government under PLI scheme for manufacturing of telecom and networking products in India. “With this, Dixon will be venturing into a new segment of telecom devices and we expect to begin production mainly for routers, modems and GPONs,” Vice Chairman and MD, Atul Lall said.

  • NBCC India: The company secured the total business of Rs 2,100.96 crore in September.

  • PNB Housing Finance: The board has decided not to proceed with a preferential issue of shares to investors led by Carlyle after the plan was delayed due to pending legal proceedings. The share subscription agreements executed with the proposed allottees have been terminated. Carlyle’s Pluto Investments S.a.r.l will be initiating the process to withdraw the open offer for PNB Housing shares made at Rs 403.22 each. India top court to hear plea on PNB Housing-Carlyle deal.

  • Axis Bank: The RBI has approved the reappointment of Amitabh Chaudhry as MD and CEO of the bank from January 1, 2022, till December 31, 2024.

  • lnduslnd Bank: Board to meet on October 21 to consider proposal for raising of funds in Indian or foreign currency through the issuance of unsecured, non-convertible, redeemable, Basel III-Compliant Regulatory Tier II Bonds.

  • Shilpa Medicare: To raise up to Rs 297.51 crore via share allotment. The company approved the preferential allotment of 52.75 lakh shares to various marquee investors at a price of Rs 564 per share.

  • BASF India: The Karnataka Appellate Tribunal has granted stay on recovery of tax demand aggregating to Rs 40.65 crore pertaining to the tax period 2016-2017. The company had received demand notices from the Commercial Tax Department, Karnataka aggregating to Rs 744.67 crore for the tax periods 2006-2007 to 2016-2017.

  • Macrotech Developers: Board to meet on October 21 to consider proposal to raise funds. Further the company is in talks to sell 4 lakh sq ft office building in Mumbai, according to PTI.

  • Vivimed Labs: Ramesh Krishnamurthy has resigned as the CEO and CFO of the company effective from October 15.

  • Equitas Small Finance Bank: Board to consider options for minimum public holding.

  • Earnings: Ultratech Cement, L&T Infotech, Hatsun Agro Product, Route Mobile, Craftsman Automation, Alok Industries, Tata Coffee

Pledge Share Details

  • Ajanta Pharma: Promoter Aayush Agrawal revoked pledge of 1.50 lakh shares on October 12.

  • Future Consumer: Promoter Future Capital Investment invoked pledge of 10 lakh shares on October 11.

  • Max Financial Services: Promoter Max Ventures Investment Holdings created a pledge of 1.42 lakh shares on October 13.

Trading Tweaks

  • Ex-Date EGM: Omaxe

  • Ex-Date AGM: AGC Networks

  • Price Band Revised From 5% To 10%: Adani Power, Deepak Fertilizers and Petrochemicals Corporation, Gateway Distriparks, Jaiprakash Associates

  • Price Band Revised 5% To 20%: eClerx Services, Paras Defence and Space Technologies, Sarda Energy & Minerals

  • Move Into Short-Term ASM Framework: Tata Motors, Jaiprakash Power Ventures, Sona BLW Precision Forgings, Tata Teleservices (Maharashtra), PTC India, Genesys International Corporation

  • Move Out Of Short-Term ASM Framework: Bodal Chemicals, Triveni Turbine

  • Move Into ASM Framework: Sarda Energy & Minerals, Deepak Fertilizers and Petrochemicals Corporation, Gateway Distriparks, eClerx Services, Adani Power, Jaiprakash Associates

  • Move Out Of ASM Framework: CG Power and Industrial Solutions, Reliance Infrastructure, Dynamatic Technologies, Easy Trip Planners, Seamec, IIFL Securities