Pre Market Analysis 02-11-2021

Market Opening - An Overview

Nifty futures on the Singapore Exchange were trading 0.08% higher at 18,014.50, signalling that Dalal Street was headed for a flat to positive opening on Tuesday.

Japanese shares were trading lower on Tuesday as investors booked profits after a strong rally in the previous session. Nikkei was down 0.22% and Topix fell 0.44%.

Hong Kong shares were trading higher on Tuesday morning, tracking another record close on Wall Street. The Hang Seng Index climbed 3.28%, while CSI 300 rose 0.20%.

Indian rupee closed flat at 74.87 against the US dollar after paring initial losses on Monday.

Upcoming Earnings

Bharti Airtel, HPCL, Sun Pharmaceutical, Dabur India, Godrej Properties, Union Bank of India, Bank of India, Radico Khaitan, Jyothy Labs, Advanced Enzyme Technologies, Bajaj Healthcare, BASF India, Bharat Gears, Bombay Dyeing, Easy Trip Planners, eClerx Services, GE Power India, Gillette India, Indoco Remedies, Jindal Steel & Power, Laxmi Organic Industries, Minda Corporation, MTAR Technologies, NCL Industries, NOCIL, PNB Housing Finance, R Systems International, Stove Kraft, Trent, and Unichem Laboratories.

FII/DII trading data on Tuesday (01-11-2021)

CategoryBuy ValueSell ValueNet Value
*All numbers are in INR crore

Stocks in News Today

Tata Motors: The automaker’s consolidated net loss widened to Rs 4415.5 crore in Q2FY22 from Rs 314 crore in the year-ago period, weighed by chip shortage and high input prices. Its revenue from operations rose 14% to Rs 61,378 crore in the reporting period, as against Rs 53,530 crore in the same period last year.

Hero MotoCorp: The two-wheeler maker reported a 32% drop in total sales to 5,47,970 units for October. The company had sold 8,06,848 units in the corresponding month of the previous year. In the domestic market, the company’s wholesales fell to 5,27,779 units last month from 7,91,137 units in October 2020.

Maruti Suzuki: The carmaker reported a 24% decline in sales at 1,38,335 units in October. The company had sold 1,82,448 units in October last year. Domestic sales dropped 32% per cent to 1,17,013 units last month as against 1,72,862 units in September 2020, it added. Exports jumped over two-folds at 21,322 units as against 9,586 units in the corresponding month last year, the company said.

Whirlpool India: The company reported a jump in its consolidated net profit to Rs 413.19 crore in Q2FY22, helped by the acquisition of a majority stake in kitchen appliances maker Elica India. The company had posted a net profit of Rs 134.67 crore in the corresponding quarter of last fiscal. Its revenue from operations in the quarter of FY22 rose marginally to Rs 1,607.10 crore, from Rs 1,598.47 crore in the year-ago period.

Aditya Birla Capital: The company reported a consolidated profit of Rs 377 crore in July-September 2021 on the back of strong growth across its business verticals. The financial services company had posted a consolidated net profit of Rs 264 crore in the same period a year ago. Its revenue on consolidated basis grew 22% to Rs 5,961 crore in the quarter of FY22, as against Rs 4,885 crore in the same period of 2020-21.

Bank of Baroda: The lender plans to raise up to Rs 3,000 crore by issuing Basel III compliant bonds in one or more tranches. The capital raising is being implemented to mitigate concerns on potential stresses on asset quality and consequential impact on performance and profitability of banks.

Tata Consultancy Services: The company is expanding its tie-up with Celcom Axiata Berhad (Celcom), a telecommunications provider in Malaysia, to transform the latter’s core business support systems (BSS) using TCS HOBS and TCS TwinX hosted on Microsoft Azure. This will enhance its digital and platform positioning through advanced digital capabilities like AI/ML-driven business simulations, an enterprise product catalogue, and partner ecosystem.

Shipping Corp: The company posted a 71.3% jump in its consolidated net profit to Rs 243 crore in Q2FY22, compared with a net profit of Rs 141.89 crore in the corresponding quarter last fiscal. Total income rose to Rs 1,229.66 crore during the reported quarter, from Rs 876.87 crore in the year-ago quarter.