Stock market essentials: November 23

Events today

SBI Chairman Dinesh Khara to address at SBI Banking & Economics Conclave.

Rajnath Singh To Attend ASEAN Defence Ministers’ Meeting-Plus In Cambodia: Agencies

IPO News

Listing:

Inox Green Energy to start trading after its IPO gets 1.55 times demand

Others

Dharmaj Crop Guard India IPO to open Nov. 28, close Nov. 30( Press meet today)

Corporate action :

Venus Pipes: Anchor Lock-in period ends; ~27% of equity out of lock-in

Mindtree Amalgamation ex-date

Ex-date for Maharashtra Seamless after Bonus Issue

Oil & Gas Updates

Brent Crude at $88/bbl Vs $87.5/bbl

Singapore GRM at $10.1/bbl Vs $9/bbl

Asia Spot Gas prices at $29.2/mmBtu Vs $27.3/mmBtu

FII/DII Data:

FIIs net sell shares worth Rs 698 cr on Nov 22

DIIs net bought shares worth Rs 636 cr on Nov 22

FII F&O Cash Data:

Index futures net buy Rs 1521 cr

Index options net sell Rs 2586 cr

Stock futures net buy Rs 949 cr

Stock options net sell Rs181 cr

Total FII net sell Rs 297 cr in F&O

Bulk/Block Deal:

Kaynes Technology

Goldman Sachs Funds bought 4.7 lakh @ 705.28

Norges Bank bought 9.24 lakh @ 751.16

TNTBC As The Trustee Of Nomura bought 6 lakh @ 723.1

ValueQuest Investment bought 9.84 lakh @ 764.28

Nykaa Ltd

Lighthouse India Fund III sold 1.84 Cr @182

Aditya Birla Sun Life bought 22.8 lakh @ 182

BNP Paribas Arbitrage bought 13.5 lakh @ 182

BOFA Sec Europe SA bought 7.8 lakh @ 182

ICICI Prudential MF bought 42.7 lakh @ 182

Morgan Stanley Asia Singapore bought 29.2 lakh @ 182

Ont Teachers Pension Plan bought 34.5 lakh @ 182

Societe Generale bought 9 lakh @ 182

Wipro

BNP Paribas Arbitrage sold 48 lakh @ 387

Societe General bought 48 lakh @ 387

EARNINGS

Cons YoY Q4FY22

Revenue at Rs. 4657 cr vs Rs. 4174 cr, up11.6% YoY

EBITDA at Rs. 516 cr vs Rs. 445 cr, up16% YoY

PAT (disc ops) at Rs. 652 cr vs Rs. 320 cr, up103.8% YoY

PAT (cont ops) at Rs. 382 Cr vs 316 Cr, up 21% YoY

EBITDA Margin at 11.1% vs 10.7%, up 42 bps YoY

CORPORATE ANNOUNCEMENT

Bharti Airtel

Nxtra Data Ltd, subsidiary of Bharti Airtel started the construction of its new hyper-scale data centre in Kolkata

The company will invest Rs 600 Cr in the development of the largest data centre in East India

The 25 MW facility will be fully operational by 2024.

Nxtra will invest over Rs 5000 cr. over the next four years to expand its capacity by 3X to over 400 MW

Ester Industries

To give Corporate Guarantee in favour of Bank of India, Bank of Baroda and HDFC Bank Ltd. for extending Working Capital facilities for an amount of Rs. 141.8 crores

Tech Mahindra

LIC acquires ~2% stake in Tech Mahindra taking the total stake to 6.87%

Adani Ports and Logistics

Adani Agri Logistics Ltd, step down subsidiary of the Company has incorporated wholly owned subsidiaries Adani Agri Logistics (Chandari), Adani Agri Logistics (Katihar Two), Adani Agri Logistics (Gonda)

Wipro

Launched a strategic cybersecurity consulting offering in Europe

The new offering to leverage on Wipro’s recent acquisitions in the consulting space

Vedanta

Approved Third Interim

Dividend of ₹ 17.50 per equity share for the FY23

Record date for the purpose of payment is November 30, 2022.

Sunflag Iron and Steel

Company has received grant of mining lease for Bajna Iron Ore Block for Iron Ore and Manganese Ore

Canara Bank

Has fixed the record date as 19th December and 23rd December for 9% and 8.4% Lower tier bonds respectively

Bank to redeem 9.00% Non-Convertible, Lower Tier II, Series XII Bonds on the due date, i.e., December 31, 2022

Nykaa

Mr. Arvind Agarwal, Chief Financial Officer has resigned to pursue other opportunities in the digital economy & start-up space.

National Peroxide

Company plant located at Kalyan, Maharashtra, will remain shut from November 22, 2022 for the purpose of annual maintenance activities.

Hindustan Motors

Entered into a MOU to extend the EV domain across the border to enhance the production of eco-friendly electric vehicle.

BASF India Limited

Rajesh Naik has resigned as Whole-time Director of the company w.e.f. 31-Dec-2022

Alexander Gerding appointed as the Managing Director of the Company for a term of 5 years, effective 1st January, 2023

Adani Enterprises : Board to meet Nov. 25 to discuss fundraising

UPL secures legal victory against Agracity in intellectual property lawsuit: Agencies

FROM AGENCIES

Billionaire Adani’s Firm Is Said to Weigh $1.8 Billion Fundraise

Fairfax India Completes Sale of Equity Interest in IIFL Wealth Management Limited

World Sugar Output Seen Higher With Consumption at Record: USDA

Sebi to issue SOP on new promoter exemption for IPO-bound cos

India-UAE bilateral trade to surpass USD 88 billion this year

India looks to boost trade with South-east Asia using river network

Air India posts best monthly on-time performance among carriers after years

Airtel’s arm infusing Rs 600 cr to build east India’s largest data center in city

Welspun India expects revenue to cross Rs 15,000 crore in FY26

Sebi extends one-time stock option settlement scheme by two months

Union Budget 2023-24: Govt mulls options on capital gains tax regime

India-UK trade pact high priority, next round of talks next month: Govt

Sebi extends deadline for settlement scheme on illiquid stock options cases to Jan 21

India will be $40 trillion economy by 2047 driven by clean energy, digitalisation: Mukesh Ambani

Industry bodies hail India-Australia free trade deal

India to Announce Further Export Quota in First Quarter: Singh

OECD projects India among few growing economies amid global slowdown

Reuters: Exclusive: India may boost rural spending next year to spur jobs, housing

ANALYST MEET

Hinduja Global Solutions to have earnings call on 28th November 2022

JK Cement have deferred the investors meeting on 24th November,2022 and 25th November 2022

Metro Brands will be meeting Pine Bridge Investments on November 25

Latent View will be meeting B&K Securities India and ValueQuest Advisors on November 23 and 24th respetively

Varroc Engineering to meet Renaissance Investment on Friday, November 25, 2022

Polycab to meet investors at Nirmal Bang Institutional- Conference on 23rd November

Aptus Value Housing to meet investors in London, United Kingdom on 24th & 25th November

Globus Spirits to meet Unifi Capital on November 23, 2022

Maruti Suzuki will be meeting investors on 24th November, 2022.

Care Ratings to meet Ace Lansdowne Investments on 23rd November

EKI Energy investor/analyst meetings scheduled on November 28, 2022 and November 30, 2022.

BLS International to meet analysts/Investors on 24th November 2022,

Traxcn Technology to meet Aditya Birla Sun Life, ICICI Prudential and other investors on Nov 24-25th

Bharat Forge to meet Blackrock on 23rd Nov, Neuberger Berman on 1st Dec, Fullerton Fund Management on 8th De