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StockAxis Weekly Newsletter April 30, 2022

Sensex, Nifty All Gains Dragged Down By Axis Bank, Wipro, Maruti Suzuki.

Indian Markets

Equity Benchmark Indices log weekly dragged by heavyweights Reliance Industries, Axis Bank and Maruti Suzuki. S&P BSE Sensex degrew (-0.24%) to 57,060.87 in the week ending April29th, while the NSE Nifty50 declined (-0.4%) to 17,102.5.

On the sectoral front, NiftyFMCG (+1.1%), NiftyAuto (+0.5%), NiftyBank (+0.1%), outperformed the NSE Nifty50 index and NiftyPharma (-0.8%), NiftyPSUBank (-1.0%), NiftyRealty (-1.0%), NiftyMetal (-1.8%), NiftyIT (-2.5%), NiftyMedia (-6.2%) underperformed the index.

The India VIX was +5.8% to 19.42.

FIIs/DIIs Daily Cash Market Activity (INR. in Crores)

Date FIIs DIIs
25-04-2022 -3,302.85 +1,870.45
26-04-2022 -1,174.05 +1,643.84
27-04-2022 -4,064.54 +1,917.51
28-04-2022 +743.22 +780.94
29-04-2022 -3,648.30 +3,490.30

News Update

Glenmark Pharmaceuticals: Company has launched a novel fixed-dose combination (FDC) of a widely used DPP4 inhibitor (Dipeptidyl Peptidase 4 inhibitor), Teneligliptin, with Pioglitazone. This is the only available DPP4 and Glitazone combination brand in India for adults with uncontrolled Type 2 diabetes. Glenmark has launched this FDC under the brand name Zita Plus Pio, which contains Teneligliptin (20 mg) plus Pioglitazone (15 mg), to be taken once a day. Glenmark is the first company in India to market the innovative FDC of Teneligliptin plus Pioglitazone, which is approved by the DCGI (Drug Controller General of India). This fixed dose combination will be useful for patients who require treatment with Teneliglitptin and Pioglitazone (as separate drugs) to improve glycemic control reducing Insulin Resistance.

Tata Motors: Company has given away 101 electric vehicles (EVs) to customers, hitting the milestone of the highest delivery made on a single day in Tamil Nadu. The deliveries comprised 70 units of Nexon SUVs and 31 Tigor sedans at an event held through Srilakshmi Auto Enterprises in Chennai. The company is constantly working towards educating and enhancing the adoption of electric mobility in India.

ICICI Bank: The bank has reported a rise of 59.42% in its net profit at Rs 7,018.71 crore for the quarter under review as compared to Rs 4,402.61 crore for the same quarter in the previous year. Total income of the bank increased by 14.44% at Rs 27,412.32 crore for Q4FY22 as compared Rs 23,953.02 crore for the corresponding quarter previous year. On the consolidated basis, the bank has reported a rise of 57.98% in its net profit at Rs 7,718.94 crore for the quarter under review as compared to Rs 4,886.16 crore for the same quarter in the previous year. For the year ended March 31, 2022, the bank has reported a rise of 44.14% in its net profit at Rs 23,339.49 crore as compared to Rs 16,192.68 crore for the previous year. For the year ended March 31, 2022, on the consolidated basis, the bank has reported a rise of 36.58% in its net profit at Rs 25,110.10 crore as compared to Rs 18,384.32 crore for the previous year. However, total income of the bank decreased by 2.27% at Rs 157,536.32 crore for year under review as compared to Rs 161,192.19 crore for year ended March 31, 2021.

Atul Ltd: The company has reported a fall of 12.22% in its net profit at Rs 148.51 crore for the quarter under review as compared to Rs 169.18 crore for the same quarter in the previous year. However, total income of the company increased by 29.98% at Rs 1,421.71 crore for Q4FY22 as compared Rs 1,093.83 crore for the corresponding quarter previous year.On the consolidated basis, the company has reported a fall of 22.70% in its net profit at Rs 136.56 crore for the quarter under review as compared to Rs 176.67 crore for the same quarter in the previous year. For the year ended March 31, 2022, the company has reported a fall of 3.70% in its net profit at Rs 607.53 crore as compared to Rs 630.89 crore for the previous year. For the year ended March 31, 2022, on the consolidated basis, the company has reported a fall of 8.38% in its net profit at Rs 604.74 crore as compared to Rs 660.02 crore for the previous year.

HDFC Life Insurance: The company has reported a rise of 12.45% in its net profit at Rs 357.52 crore for the quarter under review as compared to Rs 317.94 crore for the same quarter in the previous year. However, total income of the company decreased by 16.34% at Rs 16,054.94 crore for Q4FY22 as compared Rs 19,191.32 crore for the corresponding quarter previous year. On the consolidated basis, the company has reported a rise of 58.65% in its net profit at Rs 506.19 crore for the quarter under review as compared to Rs 319.06 crore for the same quarter in the previous year. However, total income of the company decreased by 8.01% at Rs 17,682.31 crore for Q4FY22 as compared Rs 19,221.68 crore for the corresponding quarter previous year.

Bajaj Finance: The company has reported 95.37% rise in its net profit at Rs 2,267.95 crore for the quarter under review as compared to Rs 1,160.85 crore for the same quarter in the previous year. Total income of the company increased by 26.78% at Rs 7,620.19 crore for Q4FY22 as compared Rs 6,010.34 crore for the corresponding quarter previous year. On the consolidated basis, the company has reported 79.67% rise in its net profit at Rs 2,419.51 crore for the quarter under review as compared to Rs 1,346.64 crore for the same quarter in the previous year. Total income of the company increased by 25.90% at Rs 8,630.28 crore for Q4FY22 as compared Rs 6,854.94 crore for the corresponding quarter previous year

United Breweries: The company has reported 68.42% rise in its net profit at Rs 162.96 crore for the quarter under review as compared to Rs 96.76 crore for the same quarter in the previous year. Total income of the company increased marginally by 1.29% at Rs 3675.38 crore for Q4FY22 as compared Rs 3628.50 crore for the corresponding quarter previous year. On the consolidated basis, the company has reported 67.93% rise in its net profit at Rs 163.78 crore for the quarter under review as compared to Rs 97.53 crore for the same quarter in the previous year. Total income of the company increased marginally by 1.32% at Rs 3677.76 crore for Q4FY22 as compared Rs 3629.75 crore for the corresponding quarter previous year.For the year ended March 31, 2022, the company has reported over 3-fold jump in its net profit at Rs 365.01 crore as compared to Rs 112.85 crore for the previous year. Total income of the company increased by 28.47% at Rs 13,147.07 crore for year under review as compared to Rs 10,233.60 crore for year ended March 31, 2021.

SIS: Company has acquired 7,773 equity shares (7.65%) in Staqu Technologies. Earlier, on April 15, 2022, the company had signed Share Subscription agreement for acquisition of 7.65% shareholding in Staqu Technologies. Video analytics-based security solutions are expected to transform the security industry worldwide and the Company, to keep pace with this transformative trend, proposes to invest in such strategic capabilities.

Bajaj Auto: The company has reported 10.28% rise in its net profit at Rs 1468.95 crore for the quarter under review as compared to Rs 1332.07 crore for the same quarter in the previous year. However, total income of the company decreased by 6.94% at Rs 8263.70 crore for Q4FY22 as compared Rs 8879.70 crore for the corresponding quarter previous year. On the consolidated basis, the company has reported 1.62% fall in its net profit at Rs 1526.16 crore for the quarter under review as compared to Rs 1551.28 crore for the same quarter in the previous year. Total income of the company decreased by 6.94% at Rs 8263.70 crore for Q4FY22 as compared Rs 8879.70 crore for the corresponding quarter previous year.

ICICI Bank: Company is targeting to double its loan book to small and medium enterprises (SMEs) in the next two years on higher demand from the segment. The second-largest private sector lender has seen that in the last two years, the SME loan book has doubled to Rs 40,000 crore at the end of FY22, while the business banking loan book has trebled to nearly Rs 53,000 crore in the last three years. Taken together, the business banking and SME book occupied 11 per cent of the total loan book at the end of FY22.

Ambuja Cement: The company has reported 25.49% fall in its net profit at Rs 495.17 crore for the quarter under review as compared to net profit of Rs 664.57 crore for the same quarter in the previous year. However, total income of the company increased by 7.76% at Rs 3,961.93 crore for March quarter as compared Rs 3,676.55 crore for the corresponding quarter previous year. On the consolidated basis, the company has reported 30.27% fall in its net profit at Rs 856.46 crore for the quarter under review as compared to net profit of Rs 1228.24 crore for the same quarter in the previous year. However, total income of the company increased by 2.28% at Rs 7,990.34 crore for March quarter as compared Rs 7,811.96 crore for the corresponding quarter previous year.

Shriram Transport Finance Company: The company has reported a rise of 43.87% in its net profit at Rs 1,086.13 crore for the quarter under review as compared to Rs 754.93 crore for the same quarter in the previous year. Total income of the company increased by 13.11% at Rs 5,087.59 crore for Q4FY22 as compared Rs 4,497.87 crore for the corresponding quarter previous year.For the year ended March 31, 2022, the company has reported a rise of 8.87% in its net profit at Rs 2,707.93 crore as compared to Rs 2,487.26 crore for the previous year. Total income of the company increased by 10.54% at Rs 19,274.23 crore for year under review as compared to Rs 17,436.40 crore for year ended March 31, 2021.

Maruti Suzuki Ltd: The company has reported 57.70% rise in its net profit at Rs 1838.90 crore for the quarter under review as compared to Rs 1166.10 crore for the same quarter in the previous year. Total income of the company increased by 12.86% at Rs 27214.40 crore for Q4FY22 as compared Rs 24113.50 crore for the corresponding quarter previous year. On the consolidated basis, the company has reported a rise of 51.14% in its net profit at Rs 1875.80 crore for the quarter under review as compared to Rs 1241.10 crore for the same quarter in the previous year. Total income of the company increased by 12.72% at Rs 27191.90 crore for Q4FY22 as compared Rs 24124.20 crore for the corresponding quarter previous year.

Wipro: The company has reported a rise of 81.84% in its net profit at Rs 5,478.80 crore for the quarter under review as compared to Rs 3,013 crore for the same quarter in the previous year. Total income of the company increased by 37.16% at Rs 18,918.20 crore for Q4FY22 as compared Rs 13,793.20 crore for the corresponding quarter previous year.On the consolidated basis, the company has reported a marginal rise of 3.97% in its net profit at Rs 3,092.50 crore for the quarter under review as compared to Rs 2,974.30 crore for the same quarter in the previous year. Total income of the company increased by 27.32% at Rs 21,362.80 crore for Q4FY22 as compared Rs 16,778.70 crore for the corresponding quarter previous year.For the year ended March 31, 2022, the company has reported a rise of 20.62% in its net profit at Rs 12,135.30 crore as compared to Rs 10,060.90 crore for the previous year. Total income of the company increased by 22.02% at Rs 64,280.50 crore for year under review as compared to Rs 52,682.30 crore for year ended March 31, 2021.

SBI Cards and Payment Services: The company has reported 3-fold jump in its net profit at Rs 580.86 crore for the quarter under review as compared to Rs 175.42 crore for the same quarter in the previous year. Total income of the company increased by 22.20% at Rs 3016.10 crore for Q4FY22 as compared Rs 2468.14 crore for the corresponding quarter previous year. For the year ended March 31, 2022, the company has reported 64.16% rise in its net profit at Rs 1616.14 crore as compared to Rs 984.52 crore for the previous year. Total income of the company increased by 16.35% to Rs 11301.52 crore for year under review as compared to Rs 9713.58 crore for year ended March 31, 2021.


NIFTY 17,698.15 0.22% SENSEX 59,462.78 0.22% BANKNIFTY 39,042.30 0.42% ADANIPORTS 788.35 -0.56% ASIANPAINT 3,427.85 0.67% AXISBANK 760.55 0.22% BAJAJ-AUTO 4,038.00 0.11% BAJAJFINSV 15,765.45 0.18% BAJFINANCE 7,309.40 -0.13% BHARTIARTL 709.70 -0.01% BPCL 333.90 1.69% BRITANNIA 3,659.75 0.53% CIPLA 1,027.15 -1.08% COALINDIA 221.65 1.40% DRREDDY 4,260.80 0.06% EICHERMOT 3,210.15 1.06% GAIL 131.50 2.22% GRASIM 1,622.60 1.41% HCLTECH 956.40 -0.62% HDFC 2,456.40 0.06% HDFCBANK 1,485.15 -0.04% HEROMOTOCO 2,761.90 -0.84% HINDALCO 436.25 0.63% HINDUNILVR 2,594.95 -0.72% IBULHSGFIN 124.75 0.44% ICICIBANK 874.40 1.71% INDUSINDBK 1,080.45 0.12% INDUSTOWER 196.45 0.69% INFY 1,594.10 -1.60% IOC 71.55 0.85% ITC 308.55 0.75% JSWSTEEL 678.20 0.68% KOTAKBANK 1,841.20 -0.66% LT 1,846.45 -1.11% M&M 1,259.45 -0.53% MARUTI 8,699.20 -1.30% NTPC 158.50 3.16% ONGC 139.20 4.82% POWERGRID 228.05 2.33% RELIANCE 2,633.00 1.62% SBIN 530.70 1.13% SUNPHARMA 913.45 -0.83% TATAMOTORS 477.55 0.19% TATASTEEL 112.65 3.25% TCS 3,401.55 -0.61% TECHM 1,065.90 -1.05% TITAN 2,471.95 -0.02% ULTRACEMCO 6,559.30 -0.57% UPL 788.90 2.79% VEDL 262.45 2.30% WIPRO 436.10 -0.54% YESBANK 15.30 -0.65% ZEEL 241.80 -2.52%