Weekly Trading Diary: 23rd to 27th January 2023

Hello and welcome to the weekly trading diary, a thread for discussing your trades, strategies, ideas, news, stories, etc.

Here’s how the markets performed in the week ending 22nd January;

Things to watch out for in the coming week;

Adani Enterprises follow-on public offering opens for subscription on 27th January and will close on 31st January, the company will be issuing fresh shares worth Rs. 20,000 crores on a partly paid basis and has set price band at Rs. 3112 to 3276 with 50% amount payable on application and remaining amount whenever company make a call. Here’s all you need to know: Adani Enterprise Limited FPO [Follow-on Public Offer]

Key earnings to watch out during the week;

23rd January 24th January 25th January 26th January 27th January 28th January
Canara Bank Colgate Palmolive (India) Limited Amara Raja Batteries Limited Aarti Drugs Limited Kajaria Ceramics Limited
Gland Pharma Limited Easy Trip Planners Limited Bajaj Auto Limited Bajaj Finance Limited Bharat Electronics Limited
IDBI Bank Limited HDFC Asset Management Company Limited CEAT Limited Glenmark Life Sciences Limited NTPC Limited
Poonawalla Fincorp Limited Maruti Suzuki India Limited Cipla Limited Vedanta Limited
Tata Communications Limited United Spirits Limited DLF Limited Aditya Birla Sun Life AMC Limited
Axis Bank Limited Nazara Technologies Limited Dr. Reddy’s Laboratories Limited
Pidilite Industries Limited Equitas Holdings Limited
PNB Housing Finance Limited Indraprastha Gas Limited
SBI Cards and Payment Services Limited Jyothy Labs Limited
Tata Coffee Limited Patanjali Foods Limited
TVS Motor Company Limited Tata Elxsi Limited
Tata Motors Limited
Torrent Pharmaceuticals Limited

Key macroeconomic events during the week;

23rd January 24th January 25th January 26th January 27th January
Japan Monetary Policy Meeting Minutes Eurozone S&P Global Composite PMI (JAN) US Crude Oil Inventories US GDP Growth Q4CY22
Services PMI (JAN) Jobless Claims
Manufacturing PMI (JAN) Home Sales
US Services PMI (JAN)
Manufacturing PMI (JAN)
S&P Global Composite PMI (JAN)

What are you looking forward to in the week? Share below and join the discussion :point_down:

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Nifty and Sensex started the week on a high note gaining over 0.5%, halting their two-day losing streak. US futures are trading lower, indicating a weak opening for US markets.

:oil_drum:Brent Crude: 88.2 0.71%
:heavy_dollar_sign:USD INR Spot: 81.39 0.33%
:scroll:India 10Y Bond yield: 7.352 0.07%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

:chart_with_upwards_trend: Torrent Power was the top gainer.

:chart_with_downwards_trend: Shree Cement was the top loser.

:page_with_curl: Earnings Update:

Axis Bank: Net Profit: Rs. 5853 cr :arrow_up: 62% YoY; NII: Rs. 11,459 cr :arrow_up:32 % YoY.

Canara Bank: Net Profit: Rs. 2881.5 cr :arrow_up: 91.8% YoY; NII: Rs. 8599.9 cr :arrow_up:23.8 % YoY.

Gland Pharma: Net Profit: Rs. 232.9 cr :arrow_down: 15% YoY; Revenue: Rs. 938.2 cr :arrow_down: 11.8% YoY.

IDBI Bank: Net Profit: Rs. 927 cr :arrow_up: 60% YoY; NII: Rs. 2,925 cr :arrow_up:23 % YoY.

Poonawalla Fincorp: Net Profit: Rs.182.1 cr :arrow_up: 88.9% YoY; NII: Rs. 463.7 cr :arrow_up: 42% YoY.

:newspaper: News

As the first company to export $1 billion in smartphones from India in a single month, Apple created history by exporting iPhones worth Rs 8,100 crore in December 2022, taking the total handset export to Rs 10,000 crore.

Vistara, a joint venture of Tata Sons and Singapore Airlines, has reported that it has exceeded the $1 billion revenue mark and has maintained positive EBITDA in the current fiscal year, gaining a market share of 9.2% according to DGCA data.

EaseMyTrip announced that it would start opening offline retail outlets in India using a franchising model. The online travel tech firm will “allow the customers to have an in-store retail experience” through EaseMyTrip Franchise.

Sterlite Power reported that during the first three quarters of FY23, the solutions business unit received orders worth Rs 3,800 crore in local and international markets, a rise of 90% year over year.

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Nifty and Sensex struggled to hold onto early gains in a choppy day, finishing flat. Futures on Dow and Nasdaq indicate a negative start for US markets.

:oil_drum:Brent Crude: 88.43 0.27%
:heavy_dollar_sign:USD INR Spot: 81.603 0.15%
:scroll:India 10Y Bond yield: 7.346 -0.08%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

:chart_with_upwards_trend: PVR was the top gainer.

:chart_with_downwards_trend: Tata Communications was the top loser.

:page_with_curl: Earnings Update:

Colgate-Palmolive: Net Profit: Rs. 243 cr :arrow_down: 4% YoY; Revenue: Rs. 1,302 cr :arrow_up: 1.4% YoY.

HDFC AMC: Net Profit: Rs. 369.5 cr :arrow_up: 3% YoY; Revenue: Rs. 559.6 cr :arrow_up: 2% YoY.

SBI Card: Net Profit: Rs. 509 cr :arrow_up: 32% YoY; NII: Rs.1,609 cr :arrow_down: 26.39% YoY.

Tata Coffee: Net Profit: Rs. 38 cr :arrow_down: 45% YoY; Revenue: Rs. 754.76 cr :arrow_up: 19.13% YoY.

TVS Motors: Net Profit: Rs. 352 cr :arrow_up: 22% YoY; Revenue: Rs. 6,545 cr :arrow_up: 15% YoY.

:newspaper: News

The monthly output of electronic permits reached a new high in December, suggesting that GST collection will be strong in January. Monthly e-way bills generated increased to 84.1 million in December, above the 84 million permits raised in September: GSTN data.

Bharat Petroleum Corporation Ltd (BPCL) will build 1 GW of renewable energy capacity in Rajasthan as the country’s second-largest state oil refiner pivots toward a net zero emission target by 2040.

Apple is considering significantly boosting its manufacturing base for iPhones in India from the existing 5-7% to over 25%: Piyush Goyal, Minister of Commerce

The government may infuse Rs 4,000-5000 crore into three loss-making general insurers. The capital outlay would be included in the budget for this year, and parliamentary approval is expected through the last supplementary grant demand for 2022-2023.

As the first e-commerce company in the country with a dedicated air cargo network, Amazon India has now started Amazon Air. For the service, the business has partnered with Bengaluru-based Quickjet Cargo Airline Private Ltd.

Nifty and Sensex tumbled over 1.5% to close at three-month lows. Dow and Nasdaq futures are trading lower, indicating a negative start for US markets.

:oil_drum:Brent Crude: 88.56 1.42%
:heavy_dollar_sign:USD INR Spot: 81.5225 -0.08%
:scroll:India 10Y Bond yield: 7.388 0.56%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

:chart_with_upwards_trend: Tata Motors was the top gainer.

:chart_with_downwards_trend: Dixon Technologies was the top loser.

:page_with_curl: Earnings Update:

Aarti Drugs: Net Profit: Rs. 36.7 cr :arrow_down: 37.1% YoY; Revenue: Rs. 664 cr :arrow_up: 4.6% YoY.

Bajaj Finance: Net Profit: Rs. 2973 cr :arrow_up: 39.9% YoY; NII: Rs. 7433 cr :arrow_down: 23.8% YoY.

Godfrey Phillips: Net Profit: Rs. 199.3 cr :arrow_up: 70.3% YoY; Revenue: Rs. 919.5 cr :arrow_up: 30.3% YoY.

Vedanta: Net Profit: Rs. 3092 cr :arrow_down: 42% YoY; Revenue: Rs. 33,691 cr :arrow_down: 0.02% YoY.

:newspaper: News

Smartphone shipments fell 9% YoY to reach 152 million units in 2022 owing to weaker demand in the entry-level segment while the premium segment continued to expand and gain market share as retail average selling prices rose: Counterpoint Research report.

Reliance Jio added the most subscribers in November 2022, with 14.26 lakh, followed by Bharti Airtel’s 10.56 lakh increase and Vodafone Idea’s 18.27 lakh subscriber loss.

Tata Motors announced a price hike of its internal combustion engine-powered passenger vehicle range by 1.2% on a weighted average basis starting February 1 in order to absorb a large amount of the increased costs due to regulatory changes and a rise in total input costs.

Adani group stocks plummeted 10-20% on rising concerns about the company’s debt and corporate governance following a sell report by Hindenberg.

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