Pre Market Analysis 13-08-2021

Market Opening - An Overview

Nifty futures on Singapore Exchange were trading 0.20% lower at 16,346, indicating that Dalal Street is likely headed for a negative start on Friday.

Indian rupee strengthened by 17 paise to close at 74.25 against the US dollar on Thursday.

India’s retail inflation, measured by the Consumer Price Index (CPI), eased to 5.59% in July, from 6.26% in June. The Index of Industrial Production (IIP) which is a measure for factory output improved to 122.6.

Asian shares were trading lower on Friday as investors’ sentiments were dampened due to rising coronavirus cases and China’s regulatory crackdown, even after the US markets closed at a record high on Thursday. China’s Hang Seng index and CSI 300 index were down 0.27% and 0.04%, respectively.

Upcoming Earnings

Oil and Natural Gas Corporation, Indian Railway Finance Corporation, Grasim Industries, Sun TV Network, Godrej Industries, NBCC (India), NHPC, Hindustan Aeronautics, Indraprastha Gas, Inox Wind, Burger King India, Archies, D B Corp, Glenmark Pharmaceuticals, GMR Infrastructure, Godfrey Phillips India, IL&FS Investment Managers, Inox Wind Energy, Jammu & Kashmir Bank, Jagran Prakashan, Madhucon Projects, Orbit Exports, Orchid Pharma, Petronet LNG, Sintex Industries, Suven Pharmaceuticals, Suzlon Energy, Tide Water Oil (INDIA), Uttam Galva Steels, Visa Steel, Vivimed Labs and ZEE Learn.

FII/DII Trading Data on Thursday (12-08-2021)

CategoryBuy ValueSell ValueNet Value
*All numbers are in INR crore

Stocks in News Today

Tata Steel: The company posted a consolidated net profit of Rs 9,768 crore in Apr-Jun quarter, as against a net loss of Rs. 4,648 crore in the year-ago period. Its operating revenue soared 109% to Rs 53,372 crore from the same quarter last year. The company reported a free cash flow of Rs 3553 crore. The company’s raw material cost doubled to Rs 20,044 crore in Q1FY22 due to rise in iron ore and coal prices.

Ashok Leyland: The company reported a net loss of Rs 282 crore in Q1FY22, as against Rs 389 crore in Q1FY21. The company’s revenue from operations jumped three times to Rs 2951 crore in the quarter, from Rs 651 crore. Its domestic medium and heavy commercial vehicle segment witnessed a huge growth of 1041% in units sold during the quarter, while LCV segment grew at 224%.

Hero MotoCorp: The two-wheeler manufacturer reported a net profit of Rs 365 crore in Q1FY22, a year-on-year rise of 498%. The company’s operating revenue rose 85% to Rs 5487 crore on a year-on-year basis. Its EBITDA surged 377% to Rs 515 crore during the quarter.

Eicher Motors: The company posted a multi-fold rise in consolidated net profit at Rs 237.1 crore in Q1FY22, as against Rs 55.2 crore in Q1FY21. Its total revenue from operations rose to Rs 1974.30, up 141% from the same quarter last year. The company’s EBITDA was Rs 363 crore, as against Rs 4 crore in the corresponding quarter last year.

Aurobindo Pharma: The company’s consolidated net profit slightly dipped to Rs 769.97 crore in Q1FY22, from Rs 783.16 crore in the year-ago period. Its total revenue stood at Rs 5701.98 crore in Q1, compared with Rs 5924.78 crore in the same period last year. The total expenses declined to Rs 4785 crore in Q1, from Rs 4944 crore in the same quarter last year.

Page Industries: Makers of Jockey brand of clothing posted a net profit of Rs 10.94 crore in Apr-Jun quarter of FY22, compared with a net loss of Rs 39.55 crore in the same period last year. Its operating revenue rose 76% to Rs 501.53 crore in the quarter, from Rs 284.82 crore in Q1FY21. The company’s total expenses increased to Rs 490.57 crore in Q1FY22, from Rs 343.25 crore in Q1FY21.