Stock Market Live Updates 22 May 2024: Stock to buy today| Indian Bank

tock Market Today | Share Market Live Updates – Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for May 22, 2024.

• May 22, 2024 07:37
  

  Stock market live news: Economic Calendar – 22.05.2024

  11:30 UK CPI y/y (Expected: 2.1% versus Previous: 3.2%)

  19:30 US Existing Home Sales (Expected: 4.21M versus Previous: 4.19M)

  23:30 US FOMC Meeting Minutes

• May 22, 2024 07:37
  

  Share market live news: Major US listed stocks result calendar 22.05.2024

  PDD Holdings Inc. (Pre market) (Sector- Technology)

  TJX Companies, Inc. (Pre market) (Sector- Textile)

  Analog Devices, Inc. (Pre market) (Sector- Technology)

  Target Corporation (Pre market) (Sector- Retail)

  Williams-Sonoma, Inc. (Pre market) (Sector- Retail)

  NVIDIA Corporation (Post market) (Sector- Technology)

  Synopsys, Inc. (Post market) (Sector- Technology)

  Snowflake Inc. (Post market) (Sector- Technology)

• May 22, 2024 07:36
  

  Stock market live news: Q4FY24 EARNING CALENDAR 22.05.2024

  ASHOKA, AVANTIFEED, CENTUM, DBCORP, DEEPAKCHEM, DHANBANK, EVERESTIND, GANDHAR, GEPIL, GLAND, GMMPFAUDLR, GPPL, GRASIM, GRSE, HEG, INDIGOPNTS, INDOAMIN, JUBLFOOD, LOKESHMACH, MAXHEALTH, METROBRAND, MINDACORP, NIITMTS, NIACL, NYKAA, PAYTM, PENIND, PETRONET, POWERGRID, RAMCOCEM, RATNAVEER, RTNPOWER, STAR, STARCEMENT, SUNDRMFAST, SUNPHARMA, TALBROAUTO, TORNTPOWER, UNICHEMLAB

  GRASIM 

  Revenue expected at Rs 6272 crore versus Rs 6645 crore

  EBITDA expected to be seen at Rs 478 crore versus Rs 426 crore

  EBITDA margin expected to be seen at 7.62% versus 6.41%

  Net profit expected to be seen at Rs 139 crore versus Rs 93.5 crore

  JUBLFOOD 

  Revenue expected at Rs 1326 crore versus Rs 1252 crore

  EBITDA expected to be seen at Rs 261 crore versus Rs 252 crore

  EBITDA margin expected to be seen at 20.1% versus 19.6%

  Net profit expected to be seen at Rs 36 crore versus Rs 48 crore

  PAYTM 

  Revenue expected at Rs 2140 crore versus Rs 2334 crore

  EBITDA expected to be seen at Rs (-430) crore versus Rs (-126) crore

  Net Loss expected to be seen at Rs 583 crore versus Rs 168 crore

  PETRONET 

  Revenue expected at Rs 12,377 crore versus Rs 13,874 crore

  EBITDA expected to be seen at Rs 1099 crore versus Rs 943 crore

  EBITDA margin expected to be seen at 8.9% versus 6.8%

  Net profit expected to be seen at Rs 739 crore versus Rs 614 crore

  POWERGRID 

  Revenue expected at Rs 12,176 crore versus Rs 12,557 crore

  EBITDA expected to be seen at Rs 10,624 crore versus Rs 10,909 crore

  EBITDA margin expected to be seen at 87.2% versus 86.8%

  Net profit expected to be seen at Rs 3216 crore versus Rs 4323 crore

  SUNPHARMA 

  Revenue expected at Rs 12,317 crore versus Rs 10,931 crore

  EBITDA expected to be seen at Rs 3032 crore versus Rs 2802 crore

  EBITDA margin expected to be seen at 24.6% versus 25.6%

  Net profit expected to be seen at Rs 2377 crore versus Rs 1985 crore

  Q4FY24 EARNING CALENDAR 23.05.2024 

  AMRUTANJAN, BAJEL, BARBEQUE, BAYERCROP, BIKAJI, CELLO, CESC, CONCORDBIO, ESABINDIA, EXPLEOSOL, FINCABLES, FORTIS, GABRIEL, HIMATSEIDE, HONASA, IMFA, INDIGO, ITC, LANDMARK, MAZDA, NUCLEUS, ORCHPHARMA, PAGEIND, PCBL, SANDHAR, SCHNEIDER, SENCO, SMLISUZU, SUBROS, TAJGVK, TATAINVEST, TDPOWERSYS, TEGA, UNOMINDA, YATHARTH, ZAGGLE

• May 22, 2024 07:36
  

  Share market live news: Nirmal Bang Retail Research’s take on various stocks

  Action Construction Equipment Ltd. | CMP Rs. 1568 | M Cap Rs. 18672 Cr | 52 W H/L 1695/415

  (Nirmal Bang Retail Research)

  Result has improved

  Revenue from Operations came at Rs. 835.8 Cr (11% QoQ, 36.2% YoY) vs QoQ Rs. 753.1 Cr, YoY Rs. 613.8 Cr

  EBIDTA came at Rs. 129.7 Cr (26.2% QoQ, 76.9% YoY) vs QoQ Rs. 102.7 Cr, YoY Rs. 73.3 Cr

  EBITDA Margin came at 15.5% vs QoQ 13.6%, YoY 11.9%

  Adj. PAT came at Rs. 98.4 Cr vs QoQ Rs. 88.3 Cr, YoY Rs. 47.7 Cr

  Quarter EPS is Rs. 8.3

  Stock is trading at P/E of 34.5x FY26E EPS

  Fiem Industries Ltd. | CMP Rs. 1206 | M Cap Rs. 3174 Cr | 52 W H/L 1299/822

  (Nirmal Bang Retail Research)

  Result improved

  Revenue from Operations came at Rs. 557.5 Cr (14.5% QoQ, 27.8% YoY) vs QoQ Rs. 487 Cr, YoY Rs. 436.2 Cr

  EBIDTA came at Rs. 75.5 Cr (17% QoQ, 25.3% YoY) vs QoQ Rs. 64.5 Cr, YoY Rs. 60.2 Cr

  EBITDA Margin came at 13.5% vs QoQ 13.2%, YoY 13.8%

  Adj. PAT came at Rs. 47.2 Cr vs QoQ Rs. 40.3 Cr, YoY Rs. 38 Cr

  Quarter EPS is Rs. 17.9

  Stock is trading at P/E of 17.4x FY25E EPS

  JK Tyre & Industries Ltd. | CMP Rs. 404 | M Cap Rs. 10533 Cr | 52 W H/L 554/171

  (Nirmal Bang Retail Research)

  Result ok

  Revenue from Operations came at Rs. 3698.5 Cr (0.3% QoQ, 1.8% YoY) vs QoQ Rs. 3687.7 Cr, YoY Rs. 3632.5 Cr

  EBIDTA came at Rs. 481.2 Cr (-12.5% QoQ, 27.9% YoY) vs QoQ Rs. 550.2 Cr, YoY Rs. 376.2 Cr

  EBITDA Margin came at 13% vs QoQ 14.9%, YoY 10.4%

  Adj. PAT came at Rs. 193.8 Cr vs QoQ Rs. 225.3 Cr, YoY Rs. 98.2 Cr

  Quarter EPS is Rs. 7.4

  Stock is trading at P/E of 10.8x FY25E EPS

  Ramco Systems Ltd. | CMP Rs. 372 | M Cap Rs. 1318 Cr | 52 W H/L 450/209

  (Nirmal Bang Retail Research)

  Result continue to remain weak

  Revenue from Operations came at Rs. 131.2 Cr (2.3% QoQ, 4% YoY) vs QoQ Rs. 128.3 Cr, YoY Rs. 126.2 Cr

  EBIDTA came at Rs. 2.1 Cr (-147.9% QoQ, -105.9% YoY) vs QoQ Rs. -4.4 Cr, YoY Rs. -35.8 Cr

  EBITDA Margin came at 1.6% vs QoQ -3.5%, YoY -28.4%

  Adj. PAT came at Rs. -23 Cr vs QoQ Rs. -26.4 Cr, YoY Rs. -45.6 Cr

  Quarter EPS is Rs. -6.5

  Stock is trading at P/E of -5.4x TTM EPS

  Mayur Uniquoters Ltd. | CMP Rs. 539 | M Cap Rs. 2369 Cr | 52 W H/L 618/445

  (Nirmal Bang Retail Research)

  Result ok

  Revenue from Operations came at Rs. 220.9 Cr (23.9% QoQ, 14.3% YoY) vs QoQ Rs. 178.3 Cr, YoY Rs. 193.2 Cr

  EBIDTA came at Rs. 41.3 Cr (16.8% QoQ, 17.2% YoY) vs QoQ Rs. 35.4 Cr, YoY Rs. 35.2 Cr

  EBITDA Margin came at 18.7% vs QoQ 19.8%, YoY 18.2%

  Adj. PAT came at Rs. 32.2 Cr vs QoQ Rs. 27.3 Cr, YoY Rs. 23.4 Cr

  Quarter EPS is Rs. 7.3

  Stock is trading at P/E of 19.3x TTM EPS

  Godawari Power And Ispat Ltd. | CMP Rs. 934 | M Cap Rs. 12695 Cr | 52 W H/L 950/356

  (Nirmal Bang Retail Research)

  Result ok

  Revenue from Operations came at Rs. 1529.8 Cr (16.9% QoQ, 16.2% YoY) vs QoQ Rs. 1308.9 Cr, YoY Rs. 1316.6 Cr

  EBIDTA came at Rs. 328.9 Cr (-0.6% QoQ, 22.7% YoY) vs QoQ Rs. 330.9 Cr, YoY Rs. 268 Cr

  EBITDA Margin came at 21.5% vs QoQ 25.3%, YoY 20.4%

  Adj. PAT came at Rs. 219.8 Cr vs QoQ Rs. 229.3 Cr, YoY Rs. 184.3 Cr

  Quarter EPS is Rs. 16.2

  Stock is trading at P/E of 13.8x TTM EPS

  Azad Engineering Ltd. | CMP Rs. 1542 | M Cap Rs. 9115 Cr | 52 W H/L 1542/642

  (Nirmal Bang Retail Research)

  Result is ok

  Revenue from Operations came at Rs. 92.8 Cr (4% QoQ, 9.3% YoY) vs QoQ Rs. 89.2 Cr, YoY Rs. 84.9 Cr

  EBIDTA came at Rs. 31.4 Cr (-4.2% QoQ, 3% YoY) vs QoQ Rs. 32.7 Cr, YoY Rs. 30.4 Cr

  EBITDA Margin came at 33.8% vs QoQ 36.7%, YoY 35.9%

  Adj. PAT came at Rs. 14.9 Cr vs QoQ Rs. 16.8 Cr, YoY Rs. 14.8 Cr

  Quarter EPS is Rs. 2.5

  Stock is trading at P/E of 155.6x TTM EPS

  Ircon International Ltd. | CMP Rs. 290 | M Cap Rs. 27275 Cr | 52 W H/L 301/78

  (Nirmal Bang Retail Research)

  Result marginally ahead of Expectation

  Revenue from Operations came at Rs. 3649 Cr (30.7% QoQ, -0.6% YoY) vs expectation of Rs. 3564 Cr, QoQ Rs. 2792.1 Cr, YoY Rs. 3669.9 Cr

  EBIDTA came at Rs. 246.6 Cr (41.6% QoQ, 23.6% YoY) vs expectation of Rs. 224.6 Cr, QoQ Rs. 174.1 Cr, YoY Rs. 199.4 Cr

  EBITDA Margin came at 6.8% vs expectation of 6.3%, QoQ 6.2%, YoY 5.4%

  Adj. PAT came at Rs. 285.7 Cr vs expectation of Rs. 242.7 Cr, QoQ Rs. 185.1 Cr, YoY Rs. 248.2 Cr

  Quarter EPS is Rs. 3

  Stock is trading at P/E of 31.3x FY25E EPS

  Hindustan Foods Ltd. | CMP Rs. 497 | M Cap Rs. 5694 Cr | 52 W H/L 632/461

  (Nirmal Bang Retail Research)

  Result improved

  Revenue from Operations came at Rs. 731 Cr (0.2% QoQ, 10.8% YoY) vs QoQ Rs. 729.1 Cr, YoY Rs. 659.7 Cr

  EBIDTA came at Rs. 60.6 Cr (6.7% QoQ, 23.5% YoY) vs QoQ Rs. 56.8 Cr, YoY Rs. 49 Cr

  EBITDA Margin came at 8.3% vs QoQ 7.8%, YoY 7.4%

  Adj. PAT came at Rs. 22.9 Cr vs QoQ Rs. 22 Cr, YoY Rs. 20.2 Cr

  Quarter EPS is Rs. 2

  Stock is trading at P/E of 61.2x TTM EPS

  Gulshan Polyols Ltd. | CMP Rs. 197 | M Cap Rs. 1229 Cr | 52 W H/L 275/158

  (Nirmal Bang Retail Research)

  Result ok

  Revenue from Operations came at Rs. 405.6 Cr (9.3% QoQ, 34.5% YoY) vs QoQ Rs. 371.1 Cr, YoY Rs. 301.5 Cr

  EBIDTA came at Rs. 19.3 Cr (80% QoQ, -24.6% YoY) vs QoQ Rs. 10.7 Cr, YoY Rs. 25.6 Cr

  EBITDA Margin came at 4.8% vs QoQ 2.9%, YoY 8.5%

  Adj. PAT came at Rs. 6.6 Cr vs QoQ Rs. 4.6 Cr, YoY Rs. 14.4 Cr

  Quarter EPS is Rs. 1.1

  Stock is trading at P/E of 69.2x TTM EPS

• May 22, 2024 07:32
  

  Stocks in news today: Vodafone Idea

  Vodafone Idea’s board approved the allotment of 1,395,427,034 equity shares of face value of Rs. 10 each at an issue price of Rs 14.87 per equity share aggregating to Rs. 2,075 crore to Oriana Investments Pte. Ltd (Aditya Birla Group entity forming part of the promoter group), on a preferential basis.

• May 22, 2024 07:27
  

  Stock market live updates: Wheels India’s Q4 net profit surges 64%, shares jump nearly 20%

  Aided by exports and machining of windmill castings, Wheels India reported a 64.3 per cent growth in net profit for the fourth quarter of 2023-24. The company’s PAT increased to ₹36.8 crore. The company’s Board has recommended a dividend of ₹7.39 per share. 

  On the BSE, the Wheels India share rose 19.89 per cent (₹117.05) to close at ₹705.60. 

• May 22, 2024 07:19
  

  Share market live news: JK Tyre Q4 profit jumps 54% to ₹171.66 crore

  JK Tyre & Industries Ltd (JK Tyre) reported a consolidated net profit of ₹171.66 crore for the fourth quarter ended March 31, up 54 per cent year-on-year (y–o-y) compared with ₹111.56 crore in the corresponding period last year.

  Consolidated total income also rose two per cent y-o-y to ₹3,714 crore for the fourth quarter compared with ₹3,645 crore in the January-March period last year.

• May 22, 2024 07:07
  

  Share market live news: SEBI issues norms to manage pricing impact after cos verify rumours

  The Securities and Exchange Board of India (SEBI) has come out with guidelines for calculating the “unaffected price” after a listed entity verifies market rumours.

  Listed entities are required to verify market rumours, upon material price movement. The unaffected price is to be considered by excluding the effect on the price of the equity shares of the listed entity due to the material price movement and confirmation of the rumour.

• May 22, 2024 06:53
  

  Market live news: Gold prices surge on Iran-Israel tension and US rate cut hopes

  Gold prices rallied by ₹831 to ₹74,222 per 10 grams on a firm trend globally over the weekend on fear of renewed tension between Iran and Israel after Iran’s President helicopter crash.

  This apart, the recent fall in the US inflation rate has raised expectations of a cut in the US interest rate sooner rather than later.

  After a trading holiday, the yellow metal opened on a bullish note at ₹74,222 per 10 grams against ₹73,383 logged last Friday, according to the Indian Bullion and Jewellers Association of India data.

  Analysts anticipate continued volatility in gold prices, fluctuating between ₹71,000 and ₹75,000 in the near term.

• May 22, 2024 06:50
  

  Stocks in news: HDFC Bank exits Protean eGov Technologies; sells entire stake for ₹150 crore

  Private sector lender HDFC Bank on Tuesday sold its entire 3.20 per cent stake in Protean eGov Technologies for ₹150 crore through an open market transaction. According to the bulk deal data available with the BSE, HDFC Bank sold 12,94,326 shares, amounting to a 3.20 per cent stake in Protean eGov Technologies.

• May 22, 2024 06:49
  

  Share market live news: In a first, BSE M-cap tops $5 trillion; high valuation a worry

  The market capitalisation of companies listed on BSE crossed $5 trillion for the first time on Tuesday, turning the spotlight on valuations.

  The number of companies trading at more than 50 times 12-month forward price to earnings multiples has increased 10x over the past 10 years and now stands at 104 (see table). Nifty Midcap 100 is trading at 39 per cent premium to the 50-share Nifty.

  The MSCI India Index has gained 35 per cent in the past year compared with 12 per cent gains logged by MSCI EM index, increasing the premium gap over emerging markets. India’s market cap to GDP ratio was at 132 per cent at the end of April, much higher than the long-term average of 85 per cent.

  However, the number of companies trading at more than 50 times the 12-month forward price-to-earnings multiples has increased 10x over the past decade.

• May 22, 2024 06:47
  

  Market live news: Day trading guide for May 22, 2024: Intraday supports, resistances for Nifty50 stocks

  Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS, and SBI

• May 22, 2024 06:42
  

  Share market live news: Stock to buy today| Indian Bank (₹575.45)

  The upmove in Indian Bank is gaining momentum. The stock has closed on a strong note on Tuesday by surging 6.6 per cent. This has broken the prolonged sideways consolidation that was in place since February this year.

  It has also taken the stock well above the key resistance level of ₹567. That leaves the outlook bullish.