GLOBAL EARNINGS:

American Express, H&M

CORPORATE ACTION:

Indowind Energy: Rights Issue Opens

Sterlite Tech: Board meeting to consider fund raising by rights issue

Shree Renuka Sugars: Board meeting to consider change in terms of the NCDs

360 ONE WAM, Hindustan Zinc: Last day to buy to be eligible for dividend

INDIA INC. EARNINGS:

Nifty: Bajaj Finance

Others:

Aarti Drugs Ltd, Aditya Birla Sun Life AMC Ltd, Agi Greenpac Ltd, AIA Engineering Ltd, Anupam Rasayan India Ltd, CMS Info Systems Ltd, Fineotex Chemical Ltd, Glenmark Life Sciences Ltd, Godfrey Phillips India Ltd, HIL Ltd, Kalyani Steels Ltd, Manorama Industries Ltd, Paushak Ltd., Ramco Industries Ltd., Responsive Industries Ltd, Shree Digvijay Cement, Sterlite Technologies Ltd, TAJGVK Hotels & Resorts Ltd, Triveni Glass Ltd, Ultracab (India) Ltd, Vedanta Limited, Vimta Labs Ltd

OTHER EVENTS:

India vs New Zealand T20 from January 27: Agencies

PM’s ‘Pariksha pe Charcha’ on Jan 27: Times Now

Markets to shift to T+1 settlement from January 27

WHO meeting to decide on COVID emergency set for January 27: Agencies

CORPORATE EVENTS:

4pm: AIA Engineering hosts conference call on 3Q FY23 earnings

4pm: Anupam Rasayan hosts conference call on 3Q FY23 results

4:30pm: Glenmark Life Sciences hosts conference call 0n 3Q FY23 results

5:30pm: Vedanta hosts conference call on 3Q FY23 earnings

6pm: Bajaj Finance hosts conference call on 3Q FY23 earnings

Sterlite Technologies to consider proposal of fund raising plan

Oil & Gas Updates

Brent Crude at $87.7/bbl Vs $86.4/bbl

Singapore GRM at $12.9/bbl Vs $10.6/bbl

Asia Spot Gas prices at $20.2/mmBtu Vs $22.8/mmBtu

FII/DII Data:

FIIs net SOLD Rs 2393.9 cr worth shares on Jan 25 (prov)

DIIs net BOUGHT Rs 1378.4 cr worth shares on Jan 25

FII F&O Cash Data:

Index futures net sell Rs 3615 cr

Index options net buy Rs 23035 cr

Stock futures net sell Rs 568 cr

Stock options net buy Rs 281 cr

Total FII net buys 19133 cr in F&O

F&O Ban:

NIL

Bulk/Block Deal

Nothing Significant

Earnings

Bikaji International (Consolidated; YoY)

Revenue at Rs. 508 cr vs Rs. 439 cr, up 15.7% YoY

EBITDA at Rs. 53 cr vs Rs. 24 cr, up 118.1% YoY

Net Profit at Rs. 33 cr vs Rs. 11 cr, up 196.4% YoY

EBITDA Margin at 10.4% vs 5.5%, up 490 bps YoY

Tata Steel Long Products (Standalone; YoY)

Revenue at Rs. 1790 cr vs Rs. 1677 cr, up 6.7% YoY

EBITDA at Rs. 67 cr vs Rs. 251 cr, down 73.2% YoY

Loss at Rs. 237 cr vs Net Profit of Rs. 104 cr

EBITDA Margin at 3.8% vs 15%, down 1122 bps YoY

Thirumalai Chemicals

Revenue at Rs. 508 cr vs Rs. 572 cr, down-11.2% YoY

EBITDA at Rs. 28 cr vs Rs. 61 cr, down-54.3% YoY

PAT at Rs. 8 cr vs Rs. 34 cr, down-75.8% YoY

EBITDA Margin at 5.5% vs 10.6%, down -516 bps YoY

VIP Industries

Revenue at Rs. 526 cr vs Rs. 397 cr, up32.5% YoY

EBITDA at Rs. 73 cr vs Rs. 57 cr, up27.8% YoY

PAT at Rs. 44 cr vs Rs. 33 cr, up31.5% YoY

EBITDA Margin at 13.8% vs 14.3%, down -50 bps YoY

declared 2nd Interim Dividend of Rs. 2/-

Dixon Technologies

Cons Rev at 2405 Cr vs 3867 Cr QoQ

PAT at 52 Cr vs 77 Cr QoQ

Dr Reddy Laboratories

Cons rev 6770 cr Vs 5319, up 27% yoy

Pat 1247 cr Vs 706 cr,up 77% yoy

Ebitda Margin 29% Vs 23.8%

Ebitda 1965 cr Vs 1265 cr

Blue Dart Express

Revenue at Rs. 1337 cr vs Rs. 1255 cr, up6.5% YoY

EBITDA at Rs. 228 cr vs Rs. 274 cr, down-16.9% YoY

PAT at Rs. 89 cr vs Rs. 123 cr, down-28.2% YoY

EBITDA Margin at 17% vs 21.8%, down -479 bps YoY

Chennai Petro (Cons Yoy)

Rev up 41% YoY at Rs. 19214 Cr

EBITDA down 21% at Rs. 431 Cr

PAT down 38% at Rs. 144 Cr

EBITDA margin at 2.2% vs 4% YoY

CEAT

Revenue at Rs. 2727 cr vs Rs. 2413 cr, up13% YoY

EBITDA at Rs. 237 cr vs Rs. 135 cr, up75.3% YoY

PAT at Rs. 35 cr vs Rs. -20 cr, down-275% YoY

EBITDA Margin at 8.7% vs 5.6%, up 308 bps YoY

DLF

Revenue at Rs. 1495 cr vs Rs. 1550 cr, down-3.5% YoY

EBITDA at Rs. 477 cr vs Rs. 522 cr, down-8.6% YoY

PAT at Rs. 518 cr vs Rs. 379 cr, up36.7% YoY

EBITDA Margin at 31.9% vs 33.6%, down -177 bps YoY

Amara Raja Batteries

Cons Rev at 2637 cr vs 2366 Cr YoY

PAT at 222 Cr vs 145 Cr YoY

Tata Elxsi

Cons Rev at 817 Cr vs 763 Cr qoq

PAT at 195 Cr vs 174 Cr qoq

EBITDA Margin expands to 30.2%, + 9.0% QoQ

Crosses the 100M US$ run rate in a quarter for the first time,

attrition rate declined for the third consecutive quarter

Torrent Pharma

Rev at Rs. 2491 Cr vs 2108 Cr YoY

PAT at 283 Cr vs 249 Cr YoY

EBITDA at 724 Cr vs 538 Cr up 34.6% YoY

EBITDA margin at 29.1% vs 25.5% yoY

EMudhra

Cons Rev at 62 cr vs 45 Cr YoY

PAT at 15 Cr vs 10 Cr yoy

VST Ind

Revenue at Rs. 442 cr vs Rs. 431 cr, up2.6% YoY

EBITDA at Rs. 94 cr vs Rs. 109 cr, down-13.2% YoY

PAT at Rs. 79 cr vs Rs. 83 cr, down-4.6% YoY

EBITDA Margin at 21.4% vs 25.2%, down -389 bps YoY

Tata Motors (Consol YoY)

Rev at 88488Cr vs 72229

EBITDA at 9642Cr vs 6764Cr

JLR EBIT % at 3.7% up 230 bps yoy

PAT at 3042Cr vs 1451cr loss YoY

Patanjali Ltd Standalone- YoY

Rev at 7927Cr vs 6280Cr

PAT at 269Cr vs 234cr

EBITDA at 368Cr vs 420Cr

Margins at 4.6% vs 6.7%

Jindal Saw Cons YoY

Revenue at 5158 Cr vs 3471 Cr YoY

PAT at 214 Cr vs 12 Cr YoY

Sundaram Clayton Cons YoY

Revenue at 8475 Cr vs 6916 Cr YoY

PAT at 124 Cr vs 127 Cr YoY

CORPORATE ANNOUNCEMENTS

Maruti Suzuki:

Suzuki Announces Growth Strategy for FY2030

For FY2030, Suzuki will contribute to the realization of a carbon neutral society and the economic growth of emerging countries

Aims to achieve carbon neutrality in Japan and Europe by 2050 and in India by 2070.

In India, we will introduce the SUV battery EV announced at the Auto Expo 2023 in FY2024, with 6 models to be launched by FY2030.

Consolidated net sales forecast for FY2022 is 4.5 trillion Yen, which is growing at a pace to exceed the 4.8 trillion Yen target for FY2025 set in the mid-term management plan. We would like to grow in line with the emerging countries by contributing to their growth. We will challenge to double the FY2021 net sales result of 3.5 trillion Yen to 7 trillion Yen in FY2030.

To invest total of ¥4.5 trn in R&D and capital expenditure through FY 2030

To invest ¥2 trn for electrification through FY 2030

Maruti Suzuki: (From PTI)

Maruti Suzuki India’s pending orders have jumped to around 4.05 lakh units

Compared to January 2022, the inquiry is higher by 28% and bookings by 16% in the same month this year

Vodafone Idea:

Board Meeting scheduled to be held on 31st January, 2023, in relation to the preferential issue of OCDs to ATC and to convene the EGM to seek approval of the shareholders in this regard

Bikaji International:

Board approved additional investment in Hanuman Agrofood Private Limited (HAPL), by way of acquisition of 10,000 equity shares (~0.35% of the equity). Upon completion of the said acquisition, HAPL shall become a wholly owned subsidiary

Cost of acquisition: Rs. 66.86/share

Adani Enterprises:

Adani Enterprises’ Rs 20,000 crore FPO opens for anchor investors

Allotted 1.8 cr shares to anchor allotment at Rs 3,276

ADIA, LIC, Societe Generale BNP Paribas, Jupiter India, Goldman Sachs, Morgan Stanley, HDFC Life, SBI Life, SBI EPF and others

+

Clarification:

The maliciously mischievous, unresearched report published by Hindenburg Research on 24 Jan 2023 has adversely affected the Adani Group, our shareholders and investors

We are deeply disturbed by this intentional and reckless attempt by a foreign entity to mislead the investor community and the general public, undermine the goodwill and reputation of the Adani Group and its leaders, and sabotage the FPO from Adani Enterprises.

We are evaluating the relevant provisions under US and Indian laws for remedial and punitive action against Hindenburg Research

IL&FS Engineering: (MCap 180 Cr)

Received an Intent for construction and completion of balance works of 5 no.s of Metro stations on back-to-back basis from SEL-SPSCPL Joint Venture, at total contract value of Rs.389 cr (approx.) at Surat, a Gujarat Metro Rail Corporation Project.

Premier Explosives (MCap 416 Cr)

Workers at the factory located at Manuguru have gone on strike with effect from January 24,2023.

The said strike may have some impact on the manufacturing activities at this factory, extent of which on the operational performance of the company cannot be quantified

The manufacturing activities at other locations are unaffected

Arvind Ltd:

Company has subscribed and acquired 31.20% equity stake in Renew Green (GJ Eight) Private Limited in order to comply with regulatory requirement for being a “captive user” under electricity laws for setting up of Wind-Solar Hybrid power project at District: Bhavnagar, Gujarat.

Cost of acquisition at Rs. 20.49 crores

Sun Pharma Adv Research:

Received an intimation from the partner about the launch of SEZABY in the U.S.

Is eligible to receive $5 mn as milestone payment upon commercialization of SEZABY

Kabra Extrusion

Battrixx has announced that the company has received ARAI certification under AIS 156 Amendment III Phase 2 for its Batteries used for EVs.

This is well in advance of the deadline of 31st March 2023, set by the Government of India.

Warree Renewable

Successfully commissioned 70 MW DC solar power project for the customer out of aforesaid 140 MW DC capacity in two phases.

Oil and Natural Gas

Board has appointed Shri Singh as Chief Executive Officer (CEO). Accordingly, Shri Singh is designated as Chairman & CEO

Sah Polymers

Successfully commissioned its Flexible Intermediate Bulk Containers (FIBC) plant at Udaipur ,having production capacity of 3960 MT per annum

With this commissioning, the total plastic processing capacity of the Company will increase to 7920 MT per annum from 3960 MT per annum.

United spirits

Royal Challengers Sports Private Limited, a 100% subsidiary won the bid to operate the Bangalore team for the Women’s Indian Premier League.

Tips industries

Board of Directors of the Company is scheduled on 13/02/2023 ,inter alia, to consider and approve the proposal for sub-division of the Equity shares

LTI Mindtree

“LTIMindtree Partners with Duck Creek and Microsoft to Build a Cloud Migration Solution for Insurers”, w

Hariom pipes

Issue of upto 33,71,000 warrants each convertible into, or exchangeable for, one equity share on Preferential basis, to specified person(s) under Promoter / Promoter Group

FROM AGENCIES

Egypt, India to strengthen their Suez Zone ties

India’s imports at record 9,450 tonnes amid demand revival

Pernod Ricard Eyes Expanding Capacity in India Through

Walmart Dedicates $2.5B To Tap India’s Budding E-Commerce And Payments Market: Report

Sugar Climbs to One-Month High on Production Worries

India unveils world’s first intranasal Covid vaccine iNNCOVACC

India’s December Crude Oil Imports Fall 0.7% Y/y

BAJAJ AUTO SAYS/FROM INFORMIST

Supply of semi-conductors has stabilised

Price hike for vehicles in last 12 months at 5%

Did not increase vehicle prices in Oct-Dec

INSIDER TRADE

Promoter bot Meghmani Organics Ltd 95561

Trust sold INFO EDGE (INDIA) LTD. 13828

Others bot STERLITE TECHNOLOGIES LTD. 62301 via ESOP

Promoter revoke pledge AJANTA PHARMA LTD. 2346480

Designated Person sold HCL TECHNOLOGIES LTD. 1109

Promoter Group pledged AUROBINDO PHARMA LTD. 450000

ANALYST MEETS

Nazara Tech to meet SBI MF on Jan 27

CAMS earnings call on Feb 8, 2023

Max Financial Services earnings call on Jan 31

Phoenix Mills met with J.P. Morgan on Jan 26

Ethos earnings call on Feb 3

Patanjali Earnings call on Friday, 27th January, 2023.\

State Bank of India earning call on Analyst / Investor Meet to be held on 03rd February, 2023 at 06.00 PM

Capri Global Earnings Conference Call on Monday, January30, 2023 at 12:00 noon

Kajaria Ceramics organising a Conference Call at 4:30 p.m. (IST) on Saturday, January 28, 2023,

Kaynes Technology earnings conference call will be held on Wednesday, February 01, 2023 at 09:00 hrs

Ujjivan Small Finance Bank scheduled its conference call for investors and analysts on Thursday, February 02, 2023 at 5:30 PM IST

Ajanta Pharma Earnings Conference Call to be held on 1st February 2023

Bajaj Finserv concall investors will be held on Tuesday, 31 January 2023, at 11.00 a.m

GMM Pfaudler concall on Earnings Call for the third quarter and nine months ended December 31, 2022 scheduled to be held on Friday, February 3, 2023

Phoenix mills will be meeting h Jennison Associates on 26^th January

Indraprastha Gas Ltd earnings call on Friday, January 27, 2023 at 5:00 PM

UNO Minda Earnings Call” to discuss the operational and financial performance for Q3 FY23 on 08 February, 2023 at 04:00 PM, IST

SIS Ltd earnings call on February 3, 2023 at 01:00 PM (IST)

ADF Food earning call January 31, 2023 at 3:30 PM

Shoppers stop earnings call on , January 30, 2023 at 12:00 pm to 01:00 pm

DLF Earnings call on will be held on 27th January 2023 at 16:00 Hrs.