Pre Market Analysis: Major indices may open higher; CAMS, Vodafone Idea and Ruchi Soya in focus today

Market Opening - An Overview

SGX Nifty futures were trading 0.28% higher at 18189.5, signalling that Dalal Street was headed for a positive start. 

Asian shares were trading higher as investors looked ahead to the virtual summit between the U.S. President Joe Biden and Chinese leader Xi Jinping. Japan’s Nikkei rose 0.22% and Topix increased 0.385. Hang Seng was 0.69% higher and CSI 300 rose 0.51%.

The Indian rupee ended 3 paise lower at 74.48 against the US dollar on Monday.


FII/DII Trading Data on Monday (15-11-2021)

CategoryBuy ValueSell ValueNet Value
FII/FPI8557.018132.27424.74
DII6336.764812.091524.67
*All numbers are in INR crore

Stocks in News Today

CAMS: The company has reported a consolidated profit of Rs 72.55 crore in Q2FY22 from Rs 48.95 crore in the corresponding quarter last fiscal. Total revenue rose to Rs 231.98 crore in Q2FY22 from Rs 176.21 in the year-ago period. Its board of directors has recommended second interim dividend of Rs 9.5 per equity share at a face value of Rs 10.

Vodafone Idea: The telco is evaluating the option of converting interest dues arising out of the deferment of statutory payments into equity, its Chief Financial Officer Akshay Moondra said. The company is also in discussions with banks and investors for raising funds and part of the proceeds is likely to be utilised towards meeting obligations related to debt maturing this fiscal.

Ruchi Soya: The company reported a 29.62% rise in its standalone net profit to Rs 164.27 crore in Q2FY22, compared with Rs 126.73 crore in the year-ago period. Revenue from operation rose to Rs Rs 5995.03 crore in Q2FY22 from Rs 3971.72 crore in the same period a year ago.

IL&FS Engineering: The company reported a net loss of Rs 6.55 crore n Q2FY22 as against Rs 25.58 crore in the year-ago period. Revenue from operations stood at Rs 104.79 crore in the reported quarter compared with Rs 69.49 crore.

Airtel: The company has formed a committee of board of directors with a view to sharpen focus towards its environmental, sustainability and governance (ESG) agenda, the company said. Manish Kejriwal, lead independent director on the board, will be chairman of the ESG committee.

Hindustan Construction Company and KEC International: A consortium of both the companies has won a contract worth Rs 1,309 crore from the Chennai Metro Rail Ltd. The contract is for the construction of 11.61 kilometres of elevated viaduct section and eleven elevated stations on Corridor 5 of phase II of the Chennai Metro. The project is expected to be completed in 36 months.

Ashok Leyland: The company is working on developing a hydrogen-powered commercial vehicles and a team is currently working on it, according to its CEO and MD Vipin Sondhi. The truck maker also has plans to roll out CNG-fitted commercial vehicles which are expected to hit the roads in the last quarter this fiscal. In the EV space, the company is planning to invest around $150-200 million in the next five years and has plans to come out with its first electric light commercial vehicle (e-LCV) in India by the end of December.