Markets witnessed last round of selling on Tuesday to force Nifty back towards 22,600 after initial attempt to cross all-time high. Despite volatility, the outlook for market remains robust and last round of selling is expected to get exhausted in a day or two as monthly candle has turned bullish one.
US futures are trading green after the FED decided to keep rates stable. Despite supportive signals from Western markets, Asian markets are trading in a range. Crude recovers from two-month lows as dollar index dips. Brent below USD 88/bbl.
Result Today – Dabur, Adani Enterprise, Coforge
Nifty50 Chart
Stocks to watch
Positive Read through
- Godrej Group – Godrej family separates the group amicably into two factions.
- Τata Motors – Total April sales higher than estimates, CV sales up 31 pct YoY.
- Coal India – April production up 7.3 pct, offtake rises 3.2 pct YoY.
- TVS Motor – April sales above estimates, rose by 25 pct, 2W sales up 27 pct YoY.
- Hero Moto – Total sales above estimates, up by 35 pct YoY.
- Indus Towers – Margin at 57 pct vs 50.3 pct, profit up 20.30 pct QoQ.
- OMCs – Crude slumps, brent below USD 84/bbl post FOMC meet Outcome.
- Havells – Q4 above estimates, margin at 11.7 pct vs 10.9 pct YoY.
- India Mart – Margin at 28.10 pct vs 24.60 pct, profit surged by 44 pct YoY.
- Chola Fin – NIM at 4 quarter high of 7.8 pct, GNPA at 13 quarter low of 3.54 pct.
- Jindal Stainless – Announces strategic investments worth Rs. 54 bn.
- Adani Wilmar – Profit up 67.50 pct, margin at 2.70 pct vs 0.90 pct YoY.
- Five Star Fin – Disbursements grew by 20.40 pct, AUM jumped by 39.40 pct YoY.
- RVNL – Emerges as the lowest bidder for a project worth Rs. 3.91 bn.
- Adani Total – EBIDTA up 47.6 percent, margin at 24.70 pct vs 17.50 pct YoY.
- Sona BLW – Margin at 27.9 pct vs 26.9 pct, EBIDTA surged by 23.5 pct YoY.
Negative Read through
- Maruti – 3rd consecutive fall in sales MoM, up by 5 pct YoY in April.
- Kotak Mahindra Bank – KVS Manian resigns as joint MD of the bank with effect from April 30.
- Eicher Motors – CV sales weak, slips 18 pct YoY, Royal Enfield largely in-line.
- Ambuja Cements – Q4 below estimates, realisations down 4.20 pct YoY and fall 7.10 pct QoQ.
A financial planning platform where you can plan all your goals, cash flows, expenses management, etc., which provides you advisory on the go. Unbiased and with uttermost data security, create your Financial Planning at Rs. 1499/-
Disclaimer: The views shared in blogs are based on personal opinions and do not endorse the company’s views. Investment is a subject matter of solicitation and one should consult a Financial Adviser before making any investment using the app. Making an investment using the app is the investor’s sole decision, and the company or its communication cannot be held responsible for it.
