Weekly Trading Diary: 29th April to 3rd May 2024

[Tradingqna]

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

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Benchmark indexes rebounded sharply, up over 1% driven by buying in banking and infrastructure shares, alongside positive global trends. US futures are trading slightly higher.

Brent Crude: 87.91 -0.32%
USD INR Spot: 83.471 0.08%.
India 10Y Bond yield: 7.19 -0.13%

Nifty 50 heat map.

More stats at: technicals.zerodha.com

Amongst the F&O stocks

AU Small Finance Bank was the top gainer.

HCL Technologies was the top loser.

Earnings Update:

PNB Housing Finance: Net Profit: Rs.444 cr⬆️ 57% YoY; Revenue: Rs.1800.72 cr⬆️ 10.7 % YoY.

Trent : Net Profit : Rs. 712.09 cr 15% YoY; Revenue: Rs. 3,298 cr 51% YoY.

Ultratech Cement: Net Profit: Rs. 2258 cr 35.5% YoY; Revenue: Rs. 20,419 cr​:arrow_up: 9% YoY.

News

Adani Enterprises is in talks with American and European investors to raise $1 billion for its Mumbai airport and solar panel ventures. Discussions are advanced, focusing on dollar bonds, considering a significant portion of Adani Group’s debt is in overseas bonds.

Glenmark Pharmaceuticals received USFDA approval to sell a generic anti-inflammatory drug, Acetaminophen and Ibuprofen tablets (250 mg/125 mg), in the American market.

The Central government has urged Amazon and Flipkart to create ONDC storefronts on their home pages to improve operations. ONDC managing director T Koshy mentioned active discussions for phased participation, expecting results soon, reports the Economic Times.

Railways Ministry plans to offer 200 Gati Shakti cargo terminals to corporates and freight operators, anticipating Rs 12,000-14,000 crore private investment, Business Standard reports.

[Tradingqna]

Benchmark indexes slid in the last hour from record highs to close negatively, with selling observed in IT and metal stocks. US futures are trading lower.

Brent Crude: 87.55 0.40%
USD INR Spot: 83.405 -0.04%.
India 10Y Bond yield: 7.204 0.11%

Nifty 50 heat map.

More stats at: technicals.zerodha.com

Amongst the F&O stocks

REC was the top gainer.

Indian Oil Corporation was the top loser.

Earnings Update:

Central Bank of India: Net Profit: Rs. 807 cr 41.33% YoY; Revenue: Rs. 9,699 cr​:arrow_up: 13.20% YoY.

Exide Industries: Net Profit: Rs. 284 cr⬆️36.5% YoY; Revenue: Rs. 4,009.4 cr⬆️ 13.2% YoY.

Indian Oil Corp: Net Profit: Rs. 4,837.69 cr 51% YoY; Revenue: Rs. 2.20 cr 3 % YoY.

P&G Hygiene: Net Profit: Rs. 154.37 cr 6.5% YoY; Revenue: Rs. 1,002.17 cr​:arrow_down: 11.58% YoY.

REC: Net Profit: Rs. 4,016.30 cr vs Rs. 3000.91 cr; Revenue: Rs. 12,613.14 cr vs. Rs. 10,113.27 cr YoY.

News

ICICI Prudential Life Insurance received a GST and penalty order of Rs 835 crore from Maharashtra’s State Tax Department, as per the company’s exchange filing.

Tata Sons has increased its stake in Tata Play to 70% by purchasing the Singapore government’s Temasek’s 10% share for about $100 million (~Rs 835 crore). The DTH company’s valuation has dropped to $1 billion from its pre-pandemic target of $3 billion.

The central government plans six thermal power generation hubs to produce 30 GW of electricity at an estimated cost exceeding Rs 8 crore per MW, totaling around Rs 2.5 lakh crore. Officials said that land banks near coal mines will be allocated to power generation companies.

Bharti Airtel has allotted equity shares worth approximately Rs 246 crore to foreign debt bondholders maturing in February 2025, following the issuance of USD 1,000 million 1.50% convertible bonds due 2025 in January 2020, per a regulatory filing.

Nestle India plans to prioritize volume growth amidst inflation, aiming for top quartile performance, focusing on premium products, including health science, targeting 20% of sales in the long term, said Chairman and Managing Director Suresh Narayanan.

[nithin_kumrr]

Benchmark indices closed with moderate gains in a volatile session, reflecting muted global trends. US futures are trading higher.

Brent Crude: 84.19 0.90%
USD INR Spot: 83.460 0.06%.
India 10Y Bond yield: 7.169 -0.36%

Nifty 50 heat map.

More stats at: technicals.zerodha.com

Amongst the F&O stocks

Cholamandalam Investment and Finance was the top gainer.

Godrej Properties was the top loser.

Earnings Update:

Adani Enterprises: Net Profit: Rs. 451 cr 38% YoY; Revenue: Rs. 29,180 cr 0.8% YoY.

Adani Ports and Special Economic Zone: Net Profit: Rs. 2,014.77 cr 77% YoY; Revenue: Rs. 6,896.50 cr 19% YoY.

Dabur: Net Profit: Rs. 350 cr 16% YoY; Revenue: Rs. 2,814.64 cr 5.11% YoY.

Federal Bank: Net Profit: Rs. 906 cr 10% YoY; NII: Rs. 2195 cr 15% YoY.

South Indian Bank: Net Profit: Rs. 288 cr​:arrow_down: 14% YoY; Revenue: Rs. 2,621 cr 13.06 YOY.

News

GMR Airports Infrastructure acquired an 8.4% stake in WAISL, a provider of digital infrastructure services at airports, to bolster its airport-related businesses. The acquisition involved purchasing 4,60,000 shares from Utthishta Virat Fund for Rs 56.66 crore, as per a regulatory filing.

Dabur disclosed that its investments in rural expansion have propelled demand for its brands nearly 400 basis points higher than in urban areas, as stated in a media report.

Adani Ports and Special Economic Zone aims to invest between Rs 10,500 and 11,500 crore in FY25, anticipating that the acquisition of Gopalpur Port will facilitate the expansion of cargo volumes by 500 million metric tons, according to a stock exchange notification.

L&T Technology Services (LTTS) has secured a contract worth approximately €45 million from European automotive parts manufacturer Forvia. The deal entails engineering development activities for Forvia’s clean mobility division.

Jindal Stainless unveiled a Rs 5,400 crore investment plan to bolster its melting and downstream capacities, revealed in an exchange filing on Wednesday.

India boosted Russian oil imports but lowered those from Iraq and Saudi Arabia compared to the prior month, with Russian oil remaining the top import followed by Iraq and Saudi Arabia.

[tallerballer]

Markets are closed on weekends.

[TIMEFRAME]

My fault , forgotten the week end