Showing posts with label #trading #intraday #nifty50 #banknifty #option #optionstrading #bankniftyoptions #bankniftyfuture #optiontrader #swingtrading #investment #sharemarket #stockmarket #reliance #intradaytraders. Show all posts

Sensex, Nifty drift higher in early trade. 01April2022

The main indices traded with small gains in early trade. Barring IT and auto stocks, buying demand was seen across the board. The Nifty hovered around the 17,500 mark.

The barometer index, the S&P BSE Sensex rose 92.5 points or 0.16% at 58,661.13. The Nifty 50 index was up 30 points or 0.17% at 17,494.65.

In broader market, the S&P BSE Mid-Cap index added 0.41% while the S&P BSE Small-Cap index rose 0.89%.

The market breadth, indicating the overall health of the market, was strong. On the BSE, shares 1,816 rose and 619 shares fell. A total of 62 shares were unchanged.

Foreign portfolio investors (FPIs) bought shares worth Rs 3,088.73 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,145.28 crore in the Indian equity market on 31 March, provisional data showed.

Stocks in Spotlight:

Sterlite Technologies gained 1.34% after the company signed the definitive agreement to sell its 64.98% stake of in Maharashtra Transmission Communication Infrastructure Limited (MTCIL). The closing as per the agreement is completed on 31 March 2022.

Adani Enterprises rose 0.56%. Adani Road Transport (ARTL), a wholly owned subsidiary of Adani Enterprises received a Letter of Award (LoA) from National Highways Authority of India (NHAI) for a road project in Maharashtra worth Rs 2,008.47 crore.

Global Markets:

Asian stocks were trading lower on Friday following overnight losses on Wall Street as a private survey showed Chinese manufacturing activity shrank in March.

The Caixin/Markit manufacturing Purchasing Managers' Index came in at 48.1, below the 50-level that separates growth from contraction. That compared against the previous month's reading of 50.4. Friday's reading was also the lowest since February 2020.

Sentiment at Japan's large manufacturers soured in the three months to March, according to the Bank of Japan's quarterly tankan business sentiment survey. The headline index for large manufacturers' sentiment came in at 14, a decline from the previous quarter's reading of 17.

US stocks slumped on Thursday as concerns persisted about the continuing conflict in Ukraine and its inflationary effect on prices and the Federal Reserve's response.

Meanwhile, U.S. oil prices fell 7% to close just above $100 on Thursday as President Joe Biden announced the largest ever release from the U.S. Strategic Petroleum Reserve and called on oil companies to increase drilling to boost supply.

Benchmark indices ended with small losses on Friday. The Nifty closed a tad above the 17,500 mark after hitting the day's low of 17,462.55 in afternoon trade. Metal, IT and FMCG stocks bucked a broader selling pressure.

The barometer index, the S&P BSE Sensex, fell 143.25 points or 0.24% at 58,644.82. The Nifty 50 index lost 43.9 points or 0.25% at 17,516.30.

SBI (down 1.83%), HDFC (down 0.99%), Reliance Industries (down 0.89%) and Kotak Mahindra Bank (down 1.32%) were major drags.

Selling was broad based. The S&P BSE Mid-Cap index fell 0.68% while the S&P BSE Small-Cap index shed 0.45%.

Sellers outnumbered buyers. On the BSE, 1591 shares rose and 1748 shares fell. A total of 93 shares were unchanged.

Numbers to Track:

The yield on 10-year benchmark federal paper rose to 6.904% compared with its previous close of 6.889%.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 74.70, compared with its close of 74.8850 during the previous trading session.

MCX Gold futures for 4 February 2022 settlement rose 0.37% to Rs 48,093.

In the commodities market, Brent crude for April 2022 settlement rose $1.37 or 1.50% at $92.48 a barrel. This is the first time that the benchmark has topped $90 since October 2014. Crude prices rose as demand for petroleum products surges while supply remains constrained.

Global Markets:

European markets were trading mixed while Asian stocks closed higher on Friday. Markets in Hong Kong returned to trade on Friday after being closed for most of this week due to the Lunar New Year holidays. Over in mainland China, markets remain closed on Friday for the holidays.

U.S. stocks fell on Thursday, dragged down by technology and social-media companies, as Facebook owner Meta Platforms plunged after a disappointing earnings report. Meta Platforms shares plunged after the company's quarterly profit fell short of expectations. The company also issued weaker-than-expected revenue guidance for the current quarter. It was the biggest drop ever for the Facebook parent.

On the data front, investors are awaiting the U.S. Labor Department's nonfarm payroll count due Friday, which is seen as one of the major indicators of the how the U.S. economy is doing.

In Europe, the Bank of England pressed ahead with raising borrowing costs Thursday, nudging up its policy rate to 0.5% from 0.25%. The European Central Bank kept its key interest rates unchanged, but ECB President Christine Lagarde signaled concern about inflation and opened the door to a possible rate hike later this year.

Buzzing Segment:

The Nifty Metal index rose 1.18% to 5,829.50. The index fell 0.31% in the previous session.

Hindustan Copper (up 5.84%), Vedanta (up 3.20%), Ratnamani Metals & Tubes (up 2.86%), Hindalco Industries (up 2.45%), Hindustan Zinc (up 1.76%), Jindal Steel and Power (up 1.63%), National Aluminium Company (up 1.03%), Tata Steel (up 0.67%), JSW Steel (up 0.59%), SAIL (up 0.43%), Welspun Corp (up 0.40%) and Adani Enterprises (up 0.15%) advanced.

Stocks in Spotlight:

Godrej Properties (GPL) slumped 9.75% to Rs 1506.55 after a foreign brokerage reportedly maintained a sell rating on the stock and cut its target price to Rs 1,424 from Rs 1,563.

The brokerage reportedly stated that GPL's deal with DB Realty (DBR) lacks merit due to the direct purchase of a stake in the company. The brokerage is concerned over convoluted deal structure and risk-prone slum rehab projects of GPL. Both the deal with DBR and the foray into slum rehab project was unwarranted, it added.

The board of GPL on 3 February 2022 approved a potential investment in DBR and also the setting up of a special purpose vehicle along with DBR to jointly undertake slum rehabilitation and MHADA redevelopment projects. GPL will subscribe to warrants convertible into equity shares aggregating to approximately 10% of the issued and paid-up capital of DBR for an aggregate amount of approximately Rs 400 crore.

Meanwhile, on 3 February 2022 GPL said its consolidated net profit surged 171.43% to Rs 38.95 crore on 63.51% increase in net revenue to Rs 278.76 crore in Q3 December 2021 as compared with Q3 December 2020. Profit before tax surged 116.44% to Rs 67.94 crore in Q3 FY22 from Rs 31.39 crore in Q3 FY21. EBITDA jumped 42% year-on-year to Rs 115 crore in Q3 FY22. EBITDA margin stood at 28.8% in Q3 FY22 as against 26.6% in Q3 FY21.

ITC fell 0.06% to Rs 234.15 after the company's standalone net profit rose 12.70% to Rs 4,156.20 crore on 32.06% increase in net revenue to Rs 15,689.29 crore in Q3 December 2021 over Q3 December 2020. EBITDA improved by 18.2% to Rs 5,102 crore in Q3 FY22 from Rs 4,315 crore in Q3 FY21. Profit before tax in the third quarter stood at Rs 5,492.03 crore, up by 12.53% from Rs 4,880.43 crore reported in the same period last year.

Aditya Birla Fashion and Retail fell 2.91%. The company's consolidated net profit surged to Rs 197 crore in Q3 FY22 from Rs 58 crore in Q3 FY21. Revenue during the quarter increased by 44% YoY to Rs 2,987 crore. The company said that Q3 saw a sharp rise in consumer footfalls which led to strong revenue growth across channels. Improved consumer sentiment led to a sharp demand recovery that was amplified by the concentrated wedding season. EBITDA improved by 44% to Rs 609 crore in Q3 FY22 from Rs 422 crore in Q3 FY21. EBITDA margin was 20.4% in Q3 FY22 as against 20.3% in Q3 FY21.

Bank of India fell 3.34%. The PSU bank reported a 90% rise in standalone net profit to Rs 1,027 crore in Q3 FY22 from Rs 541 crore in Q3 FY21. Total income during the quarter decreased by 8% YoY to Rs 11,211 crore. Net Interest Income (NII) was Rs 3,408 crore in Q3 FY22, which is lower by 9% as compared with Rs 3,739 crore in Q3 FY21. NIM (Global) stood at 2.27% and NIM (Domestic) at 2.51% in Q3 FY22. Operating Profit stood at Rs 2,096 crore in Q3 FY22, down by 21% from Rs 2,665 crore in Q3 FY21. Provisions (other tax) and contingencies amounted to Rs 335 crore (down 81% YoY), of which provisions for non-performing assets was Rs 693 crore (up 11% YoY). Gross NPA declined by 8.97% QoQ to Rs 45,760 crore as on 31 December 2021 from Rs 50,270 crore as on 30 September 2021.

Lupin fell 3.25%. The drug company's consolidated net profit jumped 24.47% to Rs 545.52 crore on a 3.57% rise in total revenue from operations to Rs 4160.93 crore in Q3 FY22 over Q3 FY21. Consolidated profit before tax (PBT) dropped 68.16% to Rs 167.08 crore in Q3 FY22 from Rs 524.84 crore in Q3 FY21. Total tax rebate during the quarter stood at Rs 382 crore in Q3 FY22 as against a tax expense of Rs 83.49 crore in Q3 FY21. Consolidated EBITDA skid 49.5% to Rs 403.90 crore in Q3 FY22 as compared to Rs 799.80 crore in Q3 FY21. EBITDA margin stood at 9.9% in Q3 FY22 from 20.4% in Q3 FY21.

PI Industries advanced 2.69% after the company reported 14% rise in consolidated net profit to Rs 223 crore on a 17% increase in revenue to Rs 1,356 crore in Q3 FY22 over Q3 FY21. Overheads amounted to Rs 333 crore in Q3 FY22, up by 24% from Rs 270 crore in Q3 FY21, mainly attributable to sharp increase in fuel and related utilities, shipping cost and one-time expenses pertaining to strategic initiatives. EBITDA improved by 8% to Rs 297 crore in Q3 FY22 from Rs 276 crore in Q3 FY21. EBITDA margin was 22% in Q3 FY22 as against 24% in Q3 FY21.

GAIL (India) fell 0.24%. The company's consolidated net profit soared 100.31% to Rs 380 crore on a 66.98% surge in revenue from operations to Rs 2,617.56 crore in Q3 FY22 over Q3 FY21. Consolidated profit before tax (PBT) surged 105.46% to Rs 481.98 crore in Q3 FY22 from Rs 234.58 crore in Q3 FY21. GAIL (India) has recorded a good financial performance in the third quarter of FY2021-22 on account of improved gas marketing spread, better product prices and improved operating efficiency in petrochemicals and liquid hydrocarbons.

Devyani International fell 3.07%. On a consolidated basis, the company's net profit rose 39.83% to Rs 66 crore on 64.71% increase in net revenue to Rs 624.40 crore in Q3 FY22 over Q3 FY21. The company said it recorded its highest-ever quarterly results in Q3 FY22. The performance surpassed pre-pandemic levels and was driven by new store openings coupled with solid momentum in demand. DIL reported improved profitability during the quarter on the back of several initiatives towards cost-optimization and improving store economics. Gross margins expanded by 270 basis points YoY to 71.4% in Q3 FY22. EBITDA improved by 67.38% to Rs 147.80 crore in Q3 FY22 from Rs 88.30 crore in Q3 FY21. EBITDA margin stood at 23.7% in Q3 FY22 as against 23.3% in Q3 FY21.

Venky's (India) slumped 8.58% after the company's net profit declined 80% to Rs 21.63 crore in Q3 FY22 from Rs 106.50 crore in Q3 FY21. Revenue from operations rose 18% YoY to Rs 1,098.50 crore during the quarter. Total expenses increased by 35% to Rs 1,079.77 crore in Q3 FY22 over Q3 FY21, due to a surge in raw material costs (up 45% YoY) and higher other expenses (up 13% YoY). The profit margins of the poultry and poultry products segment for the quarter as well as for the 9 months ended 31st December, 2021 have been severely affected due to steep rise in the prices of key poultry feed ingredients, especially soya which has seen unprecedented increase. The performance of Animal Health Products and Oilseed segments has been good,” the company said in a statement.

Finance minister Nirmala Sitharaman tabled the Economic Survey 2022 on January 31, soon after President’s address to both Houses of Parliament. The survey, presented a day before the Union Budget, details the state of economy and reforms that should be undertaken to accelerate growth.

Finance minister Nirmala Sitharaman tabled the Economic Survey 2022 on January 31, soon after President’s address to both Houses of Parliament. The survey, presented a day before the Union Budget, details the state of economy and reforms that should be undertaken to accelerate growth. Here are the key highlights of the report.

Two years into the COVID-19 pandemic, the global economy continues to be plagued by uncertainty, with resurgent waves of mutant variants, supply-chain disruptions, and a return of inflation in both advanced and emerging economies. These have been difficult times for the world economy. It is not just about the immediate disruptions and uncertainty caused by repeated waves of the pandemic, but also the longer-term uncertainty about the post-Covid world. The theme of this Economic Survey, therefore, relates to the art and science of policymaking under conditions of extreme uncertainty.

India’s GDP is projected to grow in real terms by 8.0-8.5 percent in 2022-23. The economy is expected to grow at 9.2 percent in the current fiscal. The Indian economy, as seen in quarterly estimates of GDP, has been staging a sustained recovery since the second half of 2020-21. Although the second wave of the pandemic in April-June 2021 was more severe from a health perspective, the economic impact was muted compared to the national lockdown of the previous year. As per the survey, the growth in 2022-23 will be supported by widespread vaccine coverage, gains from supply-side reforms and easing of regulations, robust export growth and availability of fiscal space to ramp up capital spending.

The agricultural sector was the least impacted by the pandemic. It is estimated to grow 3.9 percent in 2021-22 on top of 3.6 percent and 4.3 percent, respectively, in the previous two years.

Overall, the sector is estimated to grow by 8.2 percent in 2021-22.

Imports are expected to grow by 29.4 per cent in 2021-22, surpassing corresponding pre-pandemic levels.

Startups in India have grown remarkably over the last six years. India has now become the third largest startup ecosystem in the world after the US and China.

Unified Payments Interface (UPI) is currently the single largest retail payment system in the country in terms of volume of transactions, with 4.6 billion transactions worth Rs 8.26 lakh crore carried out in December 2021.

The top five sectors which capture around 83 percent of the aggregate pipeline value include: Roads (27 percent) followed by Railways (25 percent), Power (15 percent), oil & gas pipelines (8 percent) and Telecom (6 percent).

CLICK HERE FOR GET DETAILS & JOIN OUR BEST ADVISORY -

Visit My Website : https://www.streetinvestment.in/

Visit My Facebook Page : https://bit.ly/3FPps3j

Visit My Website : https://bit.ly/3FUlvKK

Street Investment CALL US : 8989000006

Sensex jumps 813 points ahead of tomorrow's Union Budget. 31January2022

Benchmark indices ended a range bound trading session with strong gains ahead on Monday. All sectoral indices on the NSE ended in the green with realty, IT and consumer durable space moving the most. The Nifty closed below the 17,350 level after hitting a day's of 17,410 in intraday trade.

As per the provisional closing data, the barometer index, the S&P BSE Sensex, surged 813.94 points or 1.42% at 58,014.11. The Nifty 50 index soared 237.9 points or 1.39% at 17,339.25.

The broader market traded with strong gains. The S&P BSE Mid-Cap index rose 1.76% while the S&P BSE Small-Cap index added 0.99%.

Buyers outnumbered sellers. On the BSE, 1,862 shares rose and 1,673 shares fell. A total of 152 shares were unchanged.

Economy:

Finance Minister Nirmala Sitharaman tabled the Economic Survey 2021-22 in the Lok Sabha. The Survey forecasts FY23 real GDP growth at 8-8.5%. FY22 GDP growth is seen at 9.2%.

Lok Sabha is adjourned for the day. Sitharaman will present the Union Budget for the year 2022-2023 tomorrow (1 February 2022) in the Lok Sabha and its copy will be laid on the Table of the Rajya Sabha soon thereafter. This year it will be a paperless budget and the Session will be held amidst Covid protocol.

With a view to ensure Covid safety protocol, both the Houses of Parliament will function in shifts from Wednesday (2 February 2022). The Rajya Sabha proceedings will be held from 10 AM to 3 PM and Lok Sabha from 4 PM to 9 PM. The first part of the Budget Session will continue till 11th of February and it will have 10 sittings. This time in the Rajya Sabha, the Zero Hour, which usually runs for one hour, has been reduced to 30 minutes. After a month-long recess, the second part of the session will begin from 14th of March and conclude on 8th of April this year in which there will be 19 sittings.

Growth will be supported by widespread vaccine coverage, gains from supply-side reforms and easing of regulations, robust export growth, and availability of fiscal space to ramp up capital spending, the Economic Survey said. The projection is based on the assumption that there will be no further debilitating pandemic related economic disruption.

As per the survey, agriculture sector is likely to grow by 3.9% in 2021-22 after growing 3.6% in the previous year. India's consumption story is intact despite third wave. Has grown 7% in 2021-22 with significant kitty coming from government spending. Fiscal support as well as the health response caused the fiscal deficit and government debt to rise in 2020-21. India has third largest startup ecosystem in the world after US and China.

India's capital markets, have done exceptionally well and have allowed record mobilization of risk capital for Indian companies. India's banks are well capitalized and the overhang of NPAs seems to have structurally declined even allowing for some lagged impact of the pandemic. In April-November 2021, IPOs of 75 companies have listed, garnering Rs 89,066 crore, as compared to 29 companies raising Rs 14,733 crore during April-November 2020, indicating a rise of 504.5% in fund mobilization.

Primary Market:

The initial public offer (IPO) of Adani Wilmar received bids for over 179.22 crore shares as against 12.25 crore shares on offer, according to stock exchange data at 11:03 IST on Monday, (31 January 2022). The issue was subscribed 14.63 times.

The issue opened for bidding on 27 January 2022 and it will close today, 31 January 2022. The price band of the IPO is fixed at Rs 218-230. An investor can bid for a minimum of 65 equity shares and in multiples thereof. The IPO comprises a fresh issue of upto Rs 3,600 crore (including an anchor portion of 4,08,65,217 equity shares).

New Listing:

Shares of AGS Transact Technologies were currently trading at Rs 161.70 on the BSE, at a discount of 7.6% as compared to the issue price of Rs 175. The scrip was listed at Rs 176, representing a premium of 0.57% to the initial public offer (IPO) price. So far, the scrip has hit a high of Rs 181.85 and a low of Rs 168.05. Over 11.53 lakh shares of the company have changed hands in the counter till now. The initial public offer (IPO) of AGS Transact Technologies received bids for 22,34,74,265 shares as against 2,86,74,696 shares on offer, according to stock exchange data. The issue was subscribed 7.79 times.

The issue opened for bidding on 19 January 2022 and closed on 21 January 2022. The price band of the IPO is fixed at Rs 166-175.

Stocks in Spotlight:

Sun Pharmaceutical Industries rose 0.92%. The drug company's consolidated net profit grew 11.13% to Rs 2,058.80 crore on a 11.61% rise in total revenue from operations to Rs 9,863.06 crore in Q3 FY22 over Q3 FY21. Consolidated profit before tax (PBT) jumped 14.01% to Rs 2,466.19 crore in Q3 FY22 from Rs 2,163.05 crore in Q3 FY21. India formulation sales stood at Rs 3,167.60 crore, rising 15% over same quarter last year. The US formulation sales was at $397 million, recording a growth of 6% over Q3 last year. The emerging markets formulation sales stood at $239 million, growing 17% over Q3 last year. The rest of world formulation sales was at $181 million, rising 3% over same quarter last year. The R&D investments stood at Rs 547.10 crore as compared to Rs 559.50 crore for Q3 FY21. The EBITDA was at Rs 2,557.40 crore, up 8% over Q3 last year, with an EBITDA margin at 26.1%.

UPL fell 1.78%. The company's consolidated net profit soared 24.89% to Rs 1,179 crore on a 23.78% increase in revenue from operations to Rs 11,297 crore in Q3 FY22 over Q3 FY21. EBITDA grew 21% to Rs 2,666 crore in Q3 FY22 over Rs 2,209 crore in Q3 FY21. The rise in EBITDA was on the back of house manufacturing with backward integration linkages supported by effective raw material sourcing and overall cost management. EBITDA margin fell 61 bps to 23.6% in Q3 FY22 as against 24.2% in Q3 FY21.

IndusInd Bank fell 3.4%. The private sector bank's net profit increased by 36.18% to Rs 1161.27 crore in Q3 FY22 from Rs 852.76 crore in Q3 FY21. The bank's total income in the third quarter ended December 2021 rose by 7.4% YoY to Rs 9614.27 crore. The bank's operating profit before provisions and contingencies for the quarter increased by 7.8% year on year to Rs 3205.07 crore. Standalone profit before tax stood at Rs 1551 crore in Q3 FY22, 38.5% higher than Rs 1,119.76 crore.

Britannia Industries added 0.74%. The FMCG company's consolidated net profit skid 18.4% to Rs 369.18 crore on a 13.7% increase in net sales to Rs 3,530.70 crore in Q3 FY22 over Q3 FY21. Consolidated profit before tax (PBT) dropped 17.7% to Rs 505.40 crore in Q3 FY22 from Rs 613.73 crore in Q3 FY21.

Tata Coffee rose 1.69% after the company's consolidated net profit jumped 38.4% to Rs 69.46 crore, driven by improved operating performance in the value-added businesses. Net sales grew by 17.5% to Rs 626.07 crore in Q3 FY22 over Q3 FY21. Consolidated profit before tax (PBT) surged 34.9% to Rs 91.72 crore in Q3 FY22 from Rs 67.98 crore in Q3 FY21.

Bajaj Healthcare declined 0.69%. The company's standalone net profit dropped 34% to Rs 17.45 crore on a 6% decline in net sales to Rs 167.57 crore in Q3 FY22 over Q3 FY21. Revenues from operations slipped on account of a drop in the sales volume of ascorbic acid (Vitamin C) & CH base.

Blue Dart Express rose 2.52% to Rs 6900 after the company's consolidated net profit rose 29.48% to Rs 123.42 crore on 20.98% rise in net sales to Rs 1254.75 crore in Q3 FY22 over Q3 FY21. Profit before tax (PBT) rose 43% to Rs 165.38 crore in Q3 FY22 over Q3 FY21. EBITDA rose 8.3% year-on-year to Rs 288 crore in Q3 FY22. EBITDA margin stood at 22.7% in Q3 FY22 as against 25.5% in Q3 FY21. The company's board has declared interim dividend of Rs 25 per share for the financial year ended 2021-22.

Multi Commodity Exchange of India (MCX) fell 1.26% after the company reported a 52% fall in consolidated net profit to Rs 4.46 crore on a 17% decline in total income to Rs 104.06 crore in Q3 FY22 over Q3 FY21. EBITDA in the third quarter was Rs 52.78 crore, down by 28% from Rs 73.45 crore in Q3 FY21. The company made a provision of Rs 11.01 crore for tax during the quarter. It had written back tax provisions amounting to Rs 4.21 crore in the same period last year. The average daily turnover (ADT) in overall commodity futures stood at Rs 24,556 crore in Q3 FY 21-22 vis-à-vis Rs 32,684 crore in the corresponding quarter of FY 20-21. The notional ADT of options increased by 965% to Rs 8,610 crore in Q3 FY21-22 from Rs 808 crore during Q3 FY20-21.

Global Markets:

European markets were trading higher while Asian stocks advanced on Monday with markets in mainland China and South Korea closed for the Lunar New Year eve. Regionally, markets in Hong Kong and Singapore are also set to close early on Monday ahead of the Lunar New Year holidays.

Official data released Sunday showed Chinese factory activity growth slowing in January. The country's official manufacturing Purchasing Managers' Index for January was at 50.1, just above the 50 level that separates growth from contraction. January's reading compared against December's figure of 50.3.

Meanwhile, a private survey released over the weekend showed Chinese manufacturing activity contracting in January. The Caixin/Markit manufacturing PMI came in at 49.1 for the month.

U.S. stocks rallied on Friday, notching its best day so far in 2022 after another zigzag session, bolstered by a marked rebound in tech shares. Shares of Apple jumped after a stellar quarterly result. The company reported its largest single quarter in terms of revenue ever even amid supply challenges and the lingering effects of the pandemic.

CLICK HERE FOR GET DETAILS & JOIN OUR BEST ADVISORY -

Visit My Website : https://www.streetinvestment.in/

Visit My Facebook Page : https://bit.ly/3FPps3j

Visit My Website : https://bit.ly/3FUlvKK

Street Investment CALL US : 8989000006

Kotak Mahindra Bank Q3 PAT rises 15% YoY to Rs 2,131 cr. 28January2022

KOTAK MAHINDRA BANK

The bank's total income in the third quarter rose by 4% YoY to Rs 8,260.48 crore. The bank's operating profit before provisions and contingencies for the quarter declined by 7.1% year on year to Rs 2,701 crore.

Net interest income (NII) grew by nearly 12% year on year to Rs 4,334 crore in Q3 FY22 from Rs 3,876 crore posted in Q3 FY21. Net interest margin (NIM) for Q3 FY22 improved to 4.62% in Q3 FY22.

As of 31 December 2021, COVID related provisions stood at Rs 1,000 crore. In accordance with COVID and MSME resolution frameworks announced by RBI, the bank had standard restructured fund-based outstanding of Rs 1,364 core (0.54% of Advances) as of 31 December 2021.

On the asset quality front, gross non-performing assets aggregated to Rs 6,982 crore as at 31 December 2021 as against Rs 7,657.96 crore as at 30 September 2021 and Rs 4,928 crore as at 31 December 2020. The gross NPA ratio was 2.71% as at 31 December 2021 as against 3.19% as at 30 September 2021. The net NPA ratio was 0.79% as at 31 December 2021 as against 1.06% as at 30 September 2021.

Capital adequacy ratio of the bank, including unaudited profits, as per Basel III as of 31 December 2021 was 23.3% while tier I ratio was 22.4%.

Net Customer additions in Q3FY22 was 2.1 million against that of 0.8 million in Q3FY21. Customers as at 31 December 2022 was 30.7 million (25 mn as at December 31, 2021). Advances increased by 18% to Rs 252,935 crore as of 31 December 2021 from Rs 214,085 crore as of 31 December 2020. CASA ratio stood at 59.9% in 31 December 2021 stood at compared to 58.9% as of 31 December 2020.

Kotak Mahindra Bank is a full-service commercial bank. As on 31 December 2021, Kotak Mahindra Bank has a national footprint of 1,647 branches and 2,609 ATMs.

Shares of Kotak Mahindra Bank were trading 1.4% higher at Rs 1,915.90.

CLICK HERE FOR GET DETAILS & JOIN OUR BEST ADVISORY -

Visit My Website : https://www.streetinvestment.in/

Visit My Facebook Page : https://bit.ly/3FPps3j

Visit My Website : https://bit.ly/3FUlvKK

Street Investment CALL US : 8989000006

Shares trade with strong gains; Nifty crosses 17,300. 28January2022

The benchmark indices traded with substantial gains in morning trade, boosted by IT, oil & gas and metal stocks. The Nifty reclaimed 17,300 mark.

The barometer index, the S&P BSE Sensex, jumped 576.70 points or 1.01% at 57,853.64. The Nifty 50 index advanced 192.50 points or 1.13% at 17,302.65.

In the broader market, the S&P BSE Mid-Cap index rose 1.96% while the S&P BSE Small-Cap index gained 1.94%.

The market breadth was strong. On the BSE, 2,388 shares rose and 679 shares fell. A total of 90 shares were unchanged.

Foreign portfolio investors (FPIs) sold shares worth Rs 6,266.75 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 2,881.32 crore in the Indian equity market on 27 January 2022, provisional data showed.

The Budget session of Parliament is set to commence on 31 January 2022 and will conclude on 8 April 2022. The government will present the Budget for fiscal 2022-23 on 1 February 2022. The Economic Survey is likely to be tabled on 31 January 2022 after the president's address.

On the political front, developments in the upcoming assembly polls in Uttar Pradesh, Uttarakhand, Goa, Punjab, and Manipur will be closely watched. Polls in all the five states will be held between 10 February 2022 and 7 March 2022 in seven phases. The counting of votes and the result will be declared on 10 March 2022.

Upcoming Results:

Larsen & Toubro (L&T), Dr Reddy's Laboratories, Kotak Mahindra Bank, Britannia Industries, Vedanta, Atul, AU Small Finance Bank, Bajaj Healthcare, Bharat Electronics, Blue Dart Express, CARE Ratings, Central Bank of India (CBI), Chambal Fertilisers & Chemicals, Crompton Greaves Consumer Electricals, Deepak Fertilisers, Dixon Technologies, Equitas Small Finance Bank, Happiest Minds Technologies, Karnataka Bank, Marico, Max Financial Services, Info Edge, Oberoi Realty, Suzlon Energy, Tata Coffee, United Breweries and UTI Asset Management Company will announce their quarterly earnings on 28 January 2022.

Buzzing Index:

The Nifty IT index advanced 2.11% to 34,182.65. The index lost 13.78% in the past eight trading sessions.

Coforge (up 7%), MindTree (up 4.82%), L&T Technological Services (LTTS) (up 4.19%), Mphasis (up 3.48%) and L&T Infotech (LTI) (up 3.43%) were the top gainers in the IT segment.

Coforge soared 7%. The company's consolidated net profit increased by 25.2% to Rs 183.7 crore on a 5.7% rise in revenue to Rs 1,658.1 crore in Q3 FY22 over Q2 FY22. As compared to Q3 FY21, the company's net profit and revenue are higher by 50.7% and 39.3%, respectively. Adjusted EBITDA in the third quarter was Rs 322.6 crore, up 10.4% Q-o-Q and up 50.4% Y-o-Y. Adjusted EBITDA margin for the quarter expanded to 19.5%. In dollar terms, the company's revenue for the quarter was $221.6 million, up 4.2% Q-o-Q and up 37.8% Y-o-Y. Total order book executable over the next 12 months at $701 million. Order intake was $247 million while 13 new clients were added during the quarter. Headcount in Q3 FY22 increased by 1,344 to 22,130 while the attrition was 16.3%.

Stocks in Spotlight:

Bharat Heavy Electricals (BHEL) lost 1.01%. The PSU company posted a standalone net profit of Rs 14.26 crore in Q3 FY22 as compared to a standalone net loss of Rs 230.99 crore registered in Q3 FY21. Standalone net sales grew by 17% to Rs 4,918 crore in Q3 FY22 from Rs 4,203 crore posted in Q3 FY21. BHEL posted a profit before tax of Rs 20.24 crore in Q3 FY22 as against a pre-tax loss of Rs 292.88 crore registered in the same quarter last year. BHEL reported a positive EBITDA of Rs 180 crore in Q3 FY22 as against a negative EBITDA of Rs 94 crore in Q3 FY21. The PSU enterprise said it achieved break-even at profit before tax level for Q3 FY21-22, mainly contributed by focus on provision withdrawal and strict budgetary control on expenses.

RBL Bank declined 1.86%. The firm's reported 6% rise in net profit to Rs 156 crore on a 11% increase in net interest income to Rs 1,010 crore in Q3 FY22 over Q3 FY21. Total income during the quarter rose by 3% Y-o-Y to Rs 2,664 crore. Net interest margin (NIM) for Q3 FY22 improved by 15 bps Y-o-Y to 4.34%. Operating profit, however, declined by 21% to Rs 631 crore in the third quarter from Rs 801 crore reported in the same period last year. Provisions (other than tax) in Q3 FY22 amounted to Rs 424 crore, which is lower by 30% as compared to Rs 606 crore recorded in Q3 FY21. Provision coverage ratio was 78.6% in Q3 FY22 as against 86.4% in Q3 FY21. The net non-performing assets aggregated to Rs 1,076 crore as at 31 December 2021 as against Rs 1,200 crore as at 30 September 2021 and Rs 402 crore as at 31 December 2020.

CLICK HERE FOR GET DETAILS & JOIN OUR BEST ADVISORY -

Visit My Website : https://www.streetinvestment.in/

Visit My Facebook Page : https://bit.ly/3FPps3j

Visit My Website : https://bit.ly/3FUlvKK

Street Investment CALL US : 8989000006

Nifty below 17,650 level; breadth weak. 21 January 2022

Current Market Situation

Equity indices traded in a range bound manner with losses in afternoon trade. The Nifty slipped below the 17,650 level. Barring auto and FMCG stocks, selling pressure was seen across the board.

The barometer index, the S&P BSE Sensex, dropped 249.89 points or 0.42% at 59,214.19. The Nifty 50 index fell 83.25 points or 0.47% at 17,673.75.

In the broader market, the S&P BSE Mid-Cap index lost 0.72% while the S&P BSE Small-Cap index fell 0.56%.

The market breadth was weak. On the BSE, 1,313 shares rose and 1,983 shares fell. A total of 108 shares were unchanged.

Results Today:

India's largest conglomerate, Reliance Industries (up 0.29%) will announce its quarterly results today.

JSW Steel (down 1.19%), HDFC Life Insurance Company (down 1.47%), SBI Life Insurance Company (down 1.86%), Bandhan Bank (down 0.57%), Gland Pharma (down 1.5%) and Vodafone Idea (up 1.24%) will also announce their quarterly results today.

Gainers & Losers:

Bajaj Auto (up 4.31%), Hero MotoCorp (up 2.35%), Tata Consumer Products (up 2.17%), Maruti Suzuki India (up 2.09%) and Hindalco Industries (up 1.64%) were top gainers in Nifty 50 index.

Shree Cement (down 4%), Bajaj Finserv (down 3.64%), Coal India (down 3.39%), Divi's Laboratories (down 3%) and Tech Mahindra (down 3%) were top losers in Nifty 50 index.

Earnings Impact:

Persistent Systems rose 1.67% after the company's consolidated net profit rose 9.1% to Rs 176.39 crore on 10.4% increase in revenue from operations to Rs 1491.71 crore in Q3 FY22 over Q2 FY21. EBITDA stood at Rs 251.08 crore in Q3 FY22, a growth of 11.9% QoQ and a rise of 37.6% YoY. EBITDA margin stood at 16.8% in Q3 FY22. In dollar terms, revenue was reported at $199.12 million last quarter, up 9.2% and up 36.2% YoY. The order booking for the quarter ended on 31 December 2021 was at $334.3 million in Total Contract Value (TCV) and at $291.3 million in Annual Contract Value (ACV).

Sasken Technologies slumped 9.67% to Rs 1138.70 after the company's consolidated net profit fell 19.33% to Rs 30.08 crore 2.19% increase in revenue from operations to Rs 106.27 crore in Q3 FY22 over Q2 FY22. EBIT for Q3 FY22 stood at Rs 29.85 crore, down 8.6% sequentially and down 8.7% YoY. EBIT margins for the quarter stood at 28%.

Shoppers Stop surged 10.26% to Rs 398.55 after the company reported consolidated net profit of Rs 77.32 crore in Q3 FY22 as against net loss of Rs 25.11 crore in Q3 FY21. Net sales rose 33.82% to Rs 958.11 crore in Q3 FY22 over Q3 FY21. Pre-tax profit stood at Rs 94.44 crore in Q3 FY22 as against pre-tax loss of Rs 32.33 crore in Q3 FY21.

CLICK HERE FOR GET DETAILS & JOIN OUR BEST ADVISORY -

Visit My Website : https://www.streetinvestment.in/

Street Investment CALL US : 8989000006

#trader #trading #intraday #money #nifty50 #banknifty #option #optionstrading #nse #profit #loss #bankniftyoptions #bankniftyfuture #optiontrader #swingtrading #indianstockmarket #indianstocks #investing #investment #marketupdate #sharemarket #stockmarket #dalalstreet #stockmarketindia #sharebazar #reliance #hdfcbank #sensex #traderslife #intradaytraders

Benchmarks pare losses; bank stocks edge lower. 21 January 2022

The domestic equity barometers came off the day's low in morning trade. The Nifty was trading above the 17,600 mark. Bank stocks, however, declined for the seventh consecutive session.

The barometer index, the S&P BSE Sensex, was down 504.94 points or 0.85% to 58,959.68. The Nifty 50 index lost 149.60 points or 0.84% to 17,607.40.

In the broader market, the S&P BSE Mid-Cap index slipped 0.81% while the S&P BSE Small-Cap index declined 0.41%.

The market breadth was positive. On the BSE, 1274 shares rose and 1845 shares fell. A total of 122 shares were unchanged.

Results Today:

Reliance Industries (down 0.14%), JSW Steel (down 0.75%), HDFC Life Insurance Company (down 1.34%), SBI Life Insurance Company (down 1.01%), Bandhan Bank (down 0.07%), Gland Pharma (down 0.90%), Vodafone Idea (up 1.24%), Hindustan Zinc (down 0.62%), IDBI Bank (down 0.69%), L&T Finance Holdings (down 1.79%) and Polycab India (down 0.41%) will be in focus in today as they companies declare their quarterly earnings today.

Further, Tanla Platforms (up 0.46%), CSB Bank, PVR (up 0.86%), Inox Leisure (up 0.75%), Kajaria Ceramics (down 3.30%), Jyothy Labs (up 1.85%), Heritage Foods (down 1.76%), Supreme Petrochem (down 0.84%), Supriya Lifescience (up 0.82%) and Wendt (India) (up 1.11%) are some of the companies that are slated to announce their third quarter results today.

Buzzing Index:

The Nifty Bank index slipped 1.03% to 37,460.55, extending losses for seventh day. The index has declined 3.27% in seven sessions.

Federal Bank (down 1.94%), Kotak Mahindra Bank (down 1.93%), Axis Bank (down 1.65%), Punjab National Bank (down 1.50%), SBI (down 1.18%), RBL Bank (down 1.02%), ICICI Bank (down 1.01%), IndusInd Bank (down 1%) and HDFC Bank (down 0.60%) declined.

Stocks in Spotlight:

VST Industries rose 0.75% to Rs 3,244. The company reported a 12.2% rise in net profit to Rs 82.72 crore on a 14.5% increase in net sales to Rs 328.24 crore in Q3 FY22 over Q3 FY21.

Biocon gained 1.91% to Rs 371.15. The company's consolidated net profit jumped 17.68% to Rs 219.60 crore on a 17.05% surge in revenue from operations to Rs 2,174.20 crore in Q3 FY22 over Q3 FY21.

Persistent Systems added 2.49% to Rs 4,352.55. On a consolidated basis, the IT company's net profit rose 9.1% to Rs 176.39 crore on 10.4% increase in revenue from operations to Rs 1491.71 crore in Q3 December 2021 over Q2 September 2021.

Data Patterns (India) was up 0.14% to Rs 784.45. The company announced that it has received a development order of Rs 27 crore from Defence Research and Development Organisation for wide band RF front end units for electronic warfare receivers.

CLICK HERE FOR GET DETAILS & JOIN OUR BEST ADVISORY -

Visit My Website : https://www.streetinvestment.in/

Street Investment CALL US : 8989000006