News and Global Index updates.

🌹 🌞Good Morning 🌞🌹

*SGX Nifty -56 pts (16666) from last trade 16722 ,*  

Nikkei -147 pts , 

Hangseng -93 pts , 

Now @6.55am . 

Dow -137.61 pts ,

Nsdq -225.50 pts, 

S&P -37.32 pts, 

Bovespa -108 pts , 

Ftse +5 pts , 

Dax +7 pts , 

Cac +15 pts , 

Crude @ $95.34 brl (+0.64), 

Brent @ $103.88 brl (+0.68) , 

Gold @ 1720.30 (-7.10), 

Silver @ $18.385 (-0.002), 

Euro @ $1.0187, 

JPY @ $136.49,  

INR @ 79.835

*Today's Corporate Action*

*25th July Ex Date*

BOMOXY-B1

Final Dividend - Rs. - 20.0000

BRIGADE

Final Dividend - Rs. - 1.5000

DCMSRMIND

Final Dividend - Rs. - 0.5000

DEEPAKNI

Dividend - Rs. - 7.0000

ESCORP

Bonus issue 3:2 

GRAPHITE

Dividend - Rs. - 10.0000

HARDWYN

Bonus issue 1:2 

KAMDHENU

Dividend - Rs. - 1.0000

SHARDACROP

Final Dividend - Rs. - 3.0000

*Stock under F&O ban on NSE*

*25-Jul-22*

1DELTACORP 

2IBULHSGFIN 

3RBLBANK

<script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js?client=ca-pub-2018464773832153"

     crossorigin="anonymous"></script>

🎯News Room🎯

*: India Daybook – Stocks in News*

*ICICI Bank Q1:* Net Profit at Rs 6,900 cr versus poll of Rs 6,300 cr, Net Interest Income at Rs 13210 cr versus poll of Rs 13043 cr (Positive) 

*Infosys:* FY23 $ revenue growth guidance raised to 14-16% from 13-15% (Positive)

*Sigachi:* Revenue at Rs. 78 cr vs Rs. 55 cr, up 41.8%. Net Profit at Rs. 13 cr vs Rs. 9 cr, up 44.4% (Positive)

*Mahindra CIE:* Revenue at Rs. 2707 cr vs Rs. 2042 cr, up 32.6%. Net Profit at Rs. 189 cr vs Rs. 136 cr, up 39% (Positive)

*Vedanta*: Last day to buy shares to be eligible for dividend of Rs 19.5 (Positive)

*Huhtamaki:* Revenue at Rs. 792.6 cr vs Rs. 662.6 cr, up 19.6%. Net Profit at Rs. 8.1 cr vs Loss Rs. 3.5 cr. (Positive)

*Seshasayee Paper:* Q1 profit trebled to Rs 60.3 crore on strong topline, operating performance (Positive)

*JTL Infra:* JTL Infra clocks 37% YoY growth in Q1 profit at Rs 11 crore aided by topline, lower finance cost (Positive)

*eMudhra:* Revenue from Operations at `522cr vs `429cr YOY, Reported EBITDA at `212cr vs `155cr YOY. (Positive)

*BEL:* Signs Rs.250 cr contract with MoD, GOI for supply of Integrated Anti-Submarine Warfare systems (Positive)

*Ugro Capital:* Ugro Capital Q1 profit jumps more than 4-fold to Rs 7.34 crore (Positive)

*SMS Pharma:* Received CEP approval for Ibuprofen from the European Directorate for the Quality of Medicines & HealthCare (Positive)

*Tata Motors:* Gets order for 1500 electric buses from DTC (Positive)

*Hindalco/Vedanta:* Norsk Hydro’s Q2CY22 EBITDA was ahead of estimates aided by positive price-cost spread in Aluminium division (Positive)

*AU Small Bank:* Credit rating for Long Term debt for the Bank upgraded to IND AA Stable from AA- Stable (Positive)

*GAIL:* Board to consider bonus issue of share on 27 July (Positive)

*Maruti:* Ex-Showroom price increase of Rs 6,000/- in all the existing variants of Ertiga. (Positive)

*Reliance:* Revenue up 6% to Rs 219304 crore vs Rs 207375 crore, EBITDA up 21% to Rs 37997 crore vs Rs 31366 crore (Neutral)

*HUL:* Plans a total investment of Rs 700 cr at Sumerpur unit by 2025 (Neutral)

*Infosys:* PAT at Rs 5360 cr versus Poll of Rs 5677 cr, $ Revenue at 4444 mln vesus poll of 4423 mln (Neutral)

*Kotak Bank:* NII at `4698cr vs `3942cr YOY, up 19.2%, Operating profit at `2783cr vs `2890cr YOY, down 8% (Neutral)

*JSW Steel:* Revenue at Rs. 38086 cr vs Rs. 28902 cr, up 32%, EBITDA at Rs. 4309 cr vs Rs. 10274 cr, down 58% (Neutral)

*Yes Bank:* Net Interest Income at `1825cr vs `1402cr YOY, Operating profit `590cr vs `733cr YOY (Neutral)

*GSFC:* Board to invest in rights issue of Karnalyte Resources Inc. up to CAD 4.9 Mn. equivalent to - Rs.31 Crs (Neutral)

*Nahar Spinning:* Revenue from Operations at 862cr vs 437cr YOY, EBITDA at 124cr vs 172cr YOY (Neutral)

*Navin:* Revenue from operations `398cr vs `327cr YOY, Computed EBITDA `110cr vs `86cr (Neutral)

*Tata Steel:* SSAB Europe posted a solid performance on favourable price-cost spread (Neutral)

*PB Fintech:* IT systems were subject to illegal & unauthorised access on July 19. (Negative)

**ICICI Bank:* Slippages at Rs 5825 cr vs Estimates of Rs 4000cr. (Negative)

*HFCL:* Revenue at Rs. 1051 cr vs Rs. 1182 cr, down 11.1%, Net Profit at Rs. 51 cr vs Rs. 65 cr, down 21.5% (Negative)

*Finolex Ind:* Revenue at Rs. 1189 cr vs Rs. 965 cr, up 23.2%. Net Profit at Rs. 99 cr vs Rs. 145 cr, down 31.7% (Negative)

*Granules:* US FDA completes inspection of facility in Virginia with 6 observations; Co to respond (Negative)

*Parag Milk Foods:* Blue Daimond Properties offloads 1.39% stake in Parag Milk Foods. (Negative)

*: Fund Houses Recommendations* 

CLSA on *ICICI Bank*: Maintain Buy on Bank, target price at Rs 1040/Sh (Positive)

BofA on *ICICI Bank*: Maintain Buy on Bank, target price at Rs 1000/Sh (Positive)

MS on *ICICI Bank*: Maintain Overweight on Bank, target price at Rs 1040/Sh (Positive)

Nomura on *ICICI Bank*: Maintain Buy on Bank, target price at Rs 980/Sh (Positive)

CS on *ICICI Bank*: Maintain Outperform on Bank, target price at Rs 950/Sh (Positive)

CLSA on *Infosys*: Maintain Buy on company, target price at Rs 1750/Sh (Positive)

JP Morgan on *Infosys*: Maintain Overweight on company, target price at Rs 1700/Sh (Positive)

UBS on *Ultratech*: Maintain Buy on company, target price at Rs 8145/Sh (Positive)

Citi on *Ultratech*: Maintain Buy on company, target price at Rs 7100/Sh (Positive)

GS on *Ultratech*: Maintain Buy on company, target price at Rs 7040/Sh (Positive)

JP Morgan on *Reliance*: Maintain Overweight on company, target price at Rs 3170/Sh (Positive)

MS on *Reliance*: Maintain Overweight on company, target price at Rs 3253/Sh (Positive)

JP Morgan on *Infosys*: Maintain Overweight on company, target price at Rs 1700/Sh (Neutral)

CLSA on *Kotak Bank*: Downgrade to Outperform on bank, raise target price at Rs 2100/Sh (Neutral)

Jefferies on *Kotak Bank*: Maintain Buy on Bank, target price at Rs 2478/Sh (Neutral)

MOSL on *Kotak Bank*: Maintain Neutral on Bank, target price at Rs 2000/Sh (Neutral)

Bernstein on *ICICI Bank*: Maintain Outperform on Bank, target price at Rs 790/Sh (Neutral)

Jefferies on *ICICI Bank*: Maintain Outperform on Bank, target price at Rs 800/Sh (Neutral)

JP Morgan on *JSW Steel*: Maintain Neutral on company, target price at Rs 610/Sh (Neutral)

Citi on *JSW Steel*: Maintain Neutral on company, target price at Rs 600/Sh (Neutral)

BofA on *Infosys*: Maintain Neutral on company, target price at Rs 1600/Sh (Neutral)

MS on *Infosys*: Maintain Overweight on company, target price at Rs 1535/Sh (Neutral)

Jefferies on *Reliance*: Maintain Buy on company, target price at Rs 2960/Sh (Neutral)

CLSA on *Reliance*: Maintain Buy on company, target price at Rs 2910/Sh (Neutral)

CS on *Reliance*: Maintain Neutral on company, target price at Rs 2510/Sh (Neutral)

Jefferies on *Ultratech*: Maintain Buy on company, target price at Rs 6760/Sh (Neutral)

CLSA on *Ultratech*: Downgrade to Outperform on company, target price at Rs 7365/Sh (Neutral)

CLSA on *JSW Steel*: Maintain Sell on company, target price at Rs 500/Sh (Negative)

Nomura on *JSW Steel*: Maintain Reduce on company, target price at Rs 548/Sh (Negative)

Earnings Calendar: 25.07.2022 

ANURAS, ASTEC, AXISBANK, AURIONPRO, CANBK, CENTURYTEX, CHENNPETRO, CRAFTSMAN, GLAXO, IIFLWAM, JYOTHYLAB, JINDRILL, KPITTECH, LAXMIMACH, LODHA, MAHSCOOTER, ORIENTELEC, RTNPOWER, SHANTIGEAR, SHARDACROP, SONATSOFTW, STLTECH, SUPREMEIND, SWARAJENG, TANLA, TATASTEEL, TATVA, TECHM, TEJASNET, VIMTALABS

Earnings Calendar: 26.07.2022 

ABSLAMC, APOLLOPIPES, ASIANPAINT, BAJAJ-AUTO, EIHAHOTELS, IMFA, KEI, LT, MAHEPC, OPTOCIRCUI, PNBGILTS, RAMCOSYS, RBL, RELAXO, SANOFI, SHALBY, SOUTHBANK, SYMPHONY, SIS, TATAINVEST, TATAPOWER, TTKHEALTH, UNITDSPR, UDAICEMENT, UTIAMC, UNIONBANK, UJJIVANSFB

*Stocks in F&O Ban*

DELTACORP

IBULHSGFIN

RBL BANK

*Indian Equities Pre Open Update*

Indian equities expected to open with tepid note and likely to get volatile on back of early reaction from weekend’s earnings from heavyweights.

*Global Peers Update:* Asian stocks lost ground on Monday, retreating from over three-week highs as worries about a global economic downturn sapped investors' risk appetite. Bond yields eased amid bets that a U.S. recession would slow the Federal Reserve's aggressive tightening campaign. 

*Sectors to Watch:* Paper, Selective Financials, Metals, Auto and Selective PSU stocks likely to remain on focus during the day.

*SGX NIFTY Price* 16686.0 Change: -38.0 Points, Percent Change: -0.23%

*Technical Levels: Nifty Near Future*

*Support*: 16612.0.0/16572.0

*Resistance*: 16758.0/16810.0

*Technical Levels: Bank Nifty Near Future*j

          

*Support*: 36508.0/36232.0

*Resistance*: 36968.0/37124.0

*CUES FOR TODAY:* 

- SGX Nifty -41 Pts as Wall St has a muted Friday

- Nasdaq -2%, Snap -39%

- Fed Meet outcome on Wed

- Big Earnings Week in US: Apple, Google, Amazon & Microsoft report

- Oil slips to $103 amidst volatility

- FIIs sell 675 Cr in Cash, Buy 1182 Cr in Index Fut

Big Stocks to react to Earnings

- Reliance: Strong profit growth 

- INFY: Strong Rev Beat, Guidance Upped

- ICICI: PAT up 50%, Highest Op Profit growth among peers

- Kotak Mah: Slippages +95% QoQ, Profit -29% 

- Earnings Today: Axis, Tata Steel, TechM

Imp Levels to Watch:

- Nifty Bank crossed 200 DMA of 36422 on Friday

- Nifty 200 DMA at 17051

 

Imp Data To Watch: 

- Nifty PCR at 1.42

- India Vix at 16.65

- Expiry Week