Profitsheets

  If the mood of the Indian markets remains bullish for a few more months, then I am sure that 2021-22 will set a new record for the money raised in IPOs (initial public offers). There is a flood of IPOs slated for Oct-Dec 2021 and Jan-Mar 2022. Many of these are popular names: Paytm, PolicyBazaar, Star Health, Nykaa and MobiKwik. And if that wasn’t enough, then the big daddy LIC, too, will be here with its monster IPO – expected to exceed RS 75,000 crore. But the favourable conditions and the momentum of secondary markets aren’t the only factors in paving the way for these IPOs. The increased interest of first-time investors (armed with new stock-market apps) is also helping boost the confidence of IPO-bound companies. I have often shared my views on IPO investing and why it’s better to just avoid them. IPOs may look like avenues for quick money. But by design, IPOs are always overpriced. And even though many recent IPOs have delivered stellar returns to investors, that is no guar...

  Buzzing Stocks: Check out the companies making the biggest headlines before the opening bell.    Results October 28 |   Bajaj Finserv, NTPC, Tata Power, DLF, InterGlobe Aviation, Marico, RBL Bank, AAVAS Financiers, Adani Green Energy, APL Apollo Tubes, Adani Total Gas, AU Small Finance Bank, Blue Star, CarTrade Tech, Chalet Hotels, Chemcon Speciality Chemicals, Dishman Carbogen Amcis, Edelweiss Financial Services, Gujarat Gas, HSIL, Indian Bank, Infibeam Avenues, JK Tyre & Industries, Laurus Labs, Mahindra & Mahindra Financial Services, Motilal Oswal Financial Services, Reliance Infrastructure, SBI Cards and Payment Services, Sudarshan Chemical Industries, UCO Bank, UTI Asset Management Company, Welspun Corp, and Westlife Development will release September quarter earnings on October 28. United Breweries :  The company reported higher profit at RS 80.6 crore in Q2FY22 against RS 4 crore in Q2FY21, revenue jumped to RS 1,426.2 crore from RS 900.6 crore ...

  On the sectoral front, metal, infra, oil & gas bank and auto indices ended in the red, while buying was seen in PSU bank, pharma, IT and realty names. BSE midcap and smallcap ended flat. The benchmark indices erased the opening gains in the final hour and ended lower. At close, the Sensex was down 206.93 points, or 0.34%, at 61,143.33, and the Nifty was down 57.40 points, or 0.31%, at 18,211.Gainers & Losers 10 stocks that moved the most on October 27 Here are the 10 stocks details: Maruti Suzuki : CMP: RS 7,350 | The stock ended in the green on October 27. India’s largest passenger vehicle manufacturer declared its results for the second quarter ending September 30, 2021 with standalone profit after tax of RS 475 crore, decreasing 65 percent from RS 1,372 crore reported in the same quarter last year. Asian Paints :  CMP: RS 3,092.15 | The share price gained over 4 percent after the company hiked prices by 7-10 percent. Asian Paints increased by 10 percent prices acr...

  Tw0-wheeler maker Bajaj Auto Ltd is set to announce its financial results for the three months ended September, the second quarter of the current financial year, on October 27. What are the expectations? Double-digit revenue growth Analysts expect the company to report double-digit, year-on-year (YoY) growth in revenue for the quarter, driven by a combination of growth in sales volume and price increases. BNP Paribas Securities India Pvt Ltd expects revenue growth of 12.2 percent YoY on the back of an 8.5 percent increase in sales and higher realization from price increases and product mix. In the second quarter of the last financial year and the first quarter of the current year, Bajaj Auto’s revenues was RS 7,156 crore and RS 7,386 crore, respectively. Kotak Institutional Equities expects Bajaj Auto Ltd revenue in the September quarter to increase at a relatively faster pace of 19 percent YoY led by a 9 percent increase in sales by volume and a 9 percent increase in average sel...

  Titan Company Limited, one of the largest fashion accessories brands in India with a strong presence in jewellery, watches and eyewear, will release its numbers for the September quarter on October 27. In its quarterly update to the stock exchanges on October 6, the Tata group company said it experienced strong year-on-year growth of more than 70 percent across all its businesses. The jewellery business grew by 78 percent, watches & wearables 73 percent, eyewear 74 percent and 121 percent growth were registered in other businesses. The average operational store days were more than 90 percent during the quarter. Experts expect a 64 percent growth in revenues year-on-year from RS 4,318 crore and sequential growth of 117 percent from RS 3,249 crore “Excluding bullion sales of RS 391 crore in the base quarter, the jewellery segment grew 78 percent in Q2FY22 with a strong 2-year CAGR of 32 percent, aided by pent-up demand and a 10 percent store addition CAGR (414 jewellery stores ...

  The bellwether of the Indian automobile industry, Maruti Suzuki India Ltd (MSIL) is to announce its second quarter results today amid a tough environment impacting input costs. Though experts expect revenue to be marginally higher on an annualized basis due to several price hikes implemented by the company, volumes are expected to decline due to the COVID-induced global chip shortage that has hit production. Experts are of the opinion that this quarter is going to be tough on almost all automakers, reeling as they are from the pressure of elevated commodity prices, the necessity of bumper-to-bumper insurance and the semiconductor shortage. A Sharekhan report says, “Revenue is expected to grow by 3.9% year-on-year (y-o-y) at RS. 19,475 crores, driven by an 8% increase in average realization and a 4% decline in volumes. Average realization is expected to be higher due to price hikes taken by the company over the last one year, while volumes declined due to chips shortage.” Kotak In...

Indian markets begin this week on a positive note as Nifty indices bounced back above 18,200 mark as metal, realty and auto counters witnessed some buying momentum from lower levels. From a technical front, the index is holding well above its 20-day exponential moving average on a daily interval which is placed around the key psychological mark of 18,000. Double-digit returns from Minda Corporation, AU Small Finance Bank, TCI Express possible in short term, here is why From the derivative front, call writers were seen covering their position at the 18,200 strike while Put writers added fresh open interest at the 18,200 strike. The derivative data suggests that Nifty is likely to witness further short covering and move towards 18,400 marks in upcoming sessions. On downside 18,000 levels would act as a strong support for Nifty with volatility likely to remain high on back of October series expiry. Here are three buy calls for next two-three weeks Hot Stocks AU Small Finance Bank:  Bu...

  Private sector lender Axis Banks on October 26 is likely to show significant growth in profitability for the September 2021 quarter with an expected fall in provisions and improvement in asset quality. Net interest income and loan growth could be in double digits but slippages are key to watch out for. The stock reacted strong after healthy earnings performance by peer ICICI Bank, rising 3.5 percent on October 25.Axis Banks gained 21.2 percent this financial year so far and 13 percent since July. Now the earnings will decide whether the stock can extend the rally or not. “We expect the loan growth at 10 percent YoY with greater focus on retail. Net interest margin unchanged QoQ at 3.7 percent (aided by lower interest de-recognition). Operating profit growth at 5 percent YoY would be primarily due to lower treasury income and normalization of operating expenses,” said Kotak Institutional Equities, which sees 96 percent YoY increase in profit and 10.5 percent growth in net interest...

  Tech Mahindra share hit a new high at RS 1,629.40, and have rallied 7 per cent on the BSE in Tuesday’s intra-day trade after information technology (IT) firm reported a good set of numbers for the quarter ended September 2021 (Q2FY22). The stock surpassed its previous high of RS 1,575.95 touched on October 20, 2021. In the past three months, the stock has outperformed the market by surging 45 per cent, as compared to 16 per cent rise in the S&P BSE Sensex. In Q2FY22,Tech Mahindra share revenues increased 7.2 per cent quarter on quarter (QoQ) in constant currency (CC) terms, while they were up 6.4 per cent in dollar terms, mainly led by 7.7 per cent QoQ growth in communications while Enterprise revenues grew 7.0 per cent QoQ in CC terms. In rupee terms, the company reported net profit at RS 1,339 crore up 25.8 per cent year-on- year (YoY), but down 1.1 per cent sequentially. Profits were impacted by higher tax rates in other geographies. The revenue for the quarter grew 16.1 p...

  The Adani’s group, which recently sealed a deal with Sri Lanka to develop and run the strategic Colombo Port’s Western Container Terminal, is also exploring the possibility of investing in the island nation’s energy and wind sector, a senior official from the state-owned Ceylon Electricity Board (CEB) said on Tuesday. The comments came a day after Adani’s group chairman Gautam Adani called on Sri Lankan President Gotabaya Rajapaksa here, weeks after his company inked a deal with the state-owned Sri Lanka Ports Authority (SLPA) to develop and run the strategic Colombo Port’s Western Container Terminal (WCT). Adani’s group, who is in the island nation on a private visit, called on President Rajapaksa, sources said, without disclosing the details of the meeting. “The Adani group has yesterday explored the possibility of investing in Sri Lanka’s wind and renewable energy sector,” Nalinda Ilangakoon, the Vice Chairman of CEB, said while speaking to reporters here. Ilangakoon said seni...

  Cryptocurrency prices continued to be in the green on October 26. The global cryptocurrency market cap stood at RS 196.53 lakh crore, a 2.07 percent decrease over the last day, while the market volume fell 1.8 percent to RS 7,23,471 lakh crore over the last 24 hours. Bitcoin’s was selling at RS 48,54,999 with a dominance of 45.14 percent, a decrease of 0.21 percent over the day. Shiba Inu tops the WazirX exchange in terms of volume with Tether and Bitcoin’s trailing behind on second and third, respectively. SHIB, the self-proclaimed “Dogecoin killer”, which was created in August 2020 by someone who uses the name Ryoshi, is modelled after Dogecoin. The coin has been named after the Japanese dog breed, Shiba Inu. The mascot of Shiba Inu, which is based on the Shiba pup, was claimed to be the ‘Dogecoin Killer’ when it was launched. The coin aims to be the Ethereum-based counterpart to Dogecoin. Also Read :  Bitcoin’s price rises 1.5% at RS48 lakh on October 25:Cryptocurrency Pr...

  As pharma major Cipla Limited gets ready to declare its numbers for the second quarter today, experts estimate a 3-4 percent growth in the topline over the last year because. Brisk business in the domestic and US formulations space for the company is likely to be capped by a comparative decline in other parts of the world. Revenues on a sequential basis are expected to decline due to lower contribution from COVID-related drugs. The experts look for a moderate growth of about 5-6 percent in net profit over the corresponding period last year basis mainly an increase in other expenses and reduced opportunities for COVID drugs. On a quarter-on-quarter basis, PAT is expected to see a de-growth of about 7-8 percent. “We expect domestic revenues to grow 14 percent YoY given recovery in acute segment, but decline in QoQ on account of lower contribution from COVID drugs (remdesivir, tocilizumab, budamate) as Covid cases moderated in 2QFY22,” said a report from Kotak Institutional Securiti...