StockAxis Weekly Newsletter May 21, 2022

Sensex, Nifty logged gains for the first time after six weeks aided by Reliance Industries and metal stocks.

Indian Markets

Equity Benchmark Indices logged gains for the first time after six weeks aided by Reliance Industries and metal stocks. S&P BSE Sensex grew (+2.90%) to 54,326.39 in the week ending May 20th, while the NSE Nifty50 grew (+3.07%) to 16,266.15.

On the sectoral front, NiftyMetal (+7.40%), NiftyAuto (+4.82%), NiftyFMCG (+4.50%), NiftyRealty (+4.32%), NiftyMedia (+3.74%), NiftyPSUBank (+3.55%), NiftyBank (+3.49%), NiftyPharma (+3.49%), outperformed the NSE Nifty50 index and NiftyIT (-2.82%), underperformed the index.

The India VIX was -1.6% to 23.10.

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

Date FIIs DIIs
16-05-2022 -1,788.93 +1,428.39
17-05-2022 -2,192.44 +2,294.42
18-05-2022 -1,254.64 +375.61
19-05-2022 -4,899.92 +3,225.54
20-05-2022 -1,265.41 +2,148.95

News Update

Escorts: Company has lined up a capex of up to Rs 400 crore for the ongoing fiscal for new product introduction and creation of production capacity for the same. The company, which has started exporting electric tractors to markets like the US and Europe, expects it to contribute up to 15 per cent of its overall overseas shipments in the next five to six years.

Avenue Supermarts: The company has reported a rise of 7.22% in its net profit at Rs 466.35 crore for the quarter under review as compared to Rs 434.95 crore for the same quarter in the previous year. Total income of the company increased by 17.53% at Rs 8,645.45 crore for Q4FY22 as compared Rs 7,355.68 crore for the corresponding quarter previous year. On the consolidated basis, the company has reported a rise of 3.11% in its net profit at Rs 426.75 crore for the quarter under review as compared to Rs 413.87 crore for the same quarter in the previous year. Total income of the company increased by 18.22% at Rs 8,819.02 crore for Q4FY22 as compared Rs 7,459.80 crore for the corresponding quarter previous year.

Amber Enterprises India: The company has reported a fall of 46.59% in its net profit at Rs 32.39 crore for the quarter under review as compared to Rs 60.64 crore for the same quarter in the previous year. However, total income of the company increased by 19.10% at Rs 1,565.42 crore for Q4FY22 as compared Rs 1,314.41 crore for the corresponding quarter previous year. On the consolidated basis, the company has reported a fall of 22.46% in its net profit at Rs 59.30 crore for the quarter under review as compared to Rs 76.48 crore for the same quarter in the previous year. However, total income of the company increased by 21.11% at Rs 1,946.07 crore for Q4FY22 as compared Rs 1,606.89 crore for the corresponding quarter previous year.

Maruti Suzuki India: Company has lined up Rs 5,000 crore capex for various initiatives, including new product launches, for the current financial year. The company, which had earmarked around Rs 4,500 crore in FY22, also believes that parent Suzuki Motor Corp's investment in Gujarat would help in expanding its battery electric vehicles (BEV) range in the country. It would manage the capex through internal accruals.

Glaxosmithkline Pharmaceuticals: The company has reported many fold jump in its net profit at Rs 1217.84 crore for the quarter under review as compared to Rs 12.75 crore for the same quarter in the previous year. Total income of the company increased by 5.64% at Rs 810.86 crore for Q4FY22 as compared Rs 767.56 crore for the corresponding quarter previous year.On the consolidated basis, the company has reported many fold jump in its net profit at Rs 1219.05 crore for the quarter under review as compared to Rs 14.33 crore for the same quarter in the previous year. Total income of the company increased by 7.02% at Rs 828.39 crore for Q4FY22 as compared Rs 774.03 crore for the corresponding quarter previous year.

Bajaj Electricals: On the consolidated basis, the company has reported a fall of 28.73% in its net profit at Rs 38.67 crore for the quarter under review as compared to Rs 54.26 crore for the same quarter in the previous year. However, total income of the company increased by 5.13% at Rs 1,355.34 crore for Q4FY22 as compared Rs 1,289.20 crore for the corresponding quarter previous year.

Kajaria Ceramics: On the consolidated basis, the company has reported fall of 25.87% in its net profit at Rs 97.23 crore for the quarter under review as compared to Rs 131.17 crore for the same quarter in the previous year. However, total income of the company increased by 15.50% at Rs 1108.78 crore for Q4FY22 as compared Rs 959.95 crore for the corresponding quarter previous year.

Indian Oil Corporation: On the consolidated basis, the company has reported a fall of 22.48% in its net profit at Rs 7,089.18 crore for the quarter under review as compared to Rs 9,144.90 crore for the same quarter in the previous year. However, total income of the company increased by 25.94% at Rs 209,629.86 crore for Q4FY22 as compared Rs 166,447.20 crore for the corresponding quarter previous year.

PI Industries: The company has reported a rise of 13.86% in its net profit at Rs 204.60 crore for the quarter under review as compared to Rs 179.70 crore for the same quarter in the previous year. Total income of the company increased by 14.94% at Rs 1,369.70 crore for Q4FY22 as compared Rs 1,191.70 crore for the corresponding quarter previous year.On the consolidated basis, the company has reported a rise of 13.68% in its net profit at Rs 204.40 crore for the quarter under review as compared to Rs 179.80 crore for the same quarter in the previous year. Total income of the company increased by 14.01% at Rs 1,415.20 crore for Q4FY22 as compared Rs 1,241.30 crore for the corresponding quarter previous year.

Abbott India: The company has reported a rise of 38.66% in its net profit at Rs 211.41 crore for the quarter under review as compared to Rs 152.47 crore for the same quarter in the previous year. Total income of the company increased by 14.47% at Rs 1,276.07 crore for Q4FY22 as compared Rs 1,114.74 crore for the corresponding quarter previous year.

Dr. Lal Pathlabs: On the consolidated basis, the company has reported a fall of 27.03% in its net profit at Rs 62.10 crore for the quarter under review as compared to Rs 85.10 crore for the same quarter in the previous year. However, total income of the company increased by 11.92% at Rs 497.50 crore for Q4FY22 as compared Rs 444.50 crore for the corresponding quarter previous year.

ITC: On the consolidated basis, the company has reported a rise of 11.60% in its net profit at Rs 4259.68 crore for the quarter under review as compared to Rs 3816.84 crore for the same quarter in the previous year. Total income of the company decreased by 14.19% at Rs 18252.64 crore for Q4FY22 as compared Rs 15983.86 crore for the corresponding quarter previous year.

Indraprastha Gas: The company has reported a rise of 9.24% in its net profit at Rs 361.60 crore for the quarter under review as compared to Rs 331 crore for the same quarter in the previous year. Total income of the company increased by 56.89% at Rs 2,727.16 crore for Q4FY22 as compared Rs 1,738.30 crore for the corresponding quarter previous year.

Dr. Reddy's Laboratories: On the consolidated basis, the company has reported a fall of 82.59% in its net profit at Rs 97 crore for the quarter under review as compared to Rs 557.30 crore for the same quarter in the previous year. However, total income of the company increased by 15.38% at Rs 5596.80 crore for Q4FY22 as compared Rs 4850.80 crore for the corresponding quarter previous year.

Zydus Lifesciences: On the consolidated basis, the company has reported a fall of 41.47% in its net profit at Rs 397.40 crore for the quarter under review as compared to Rs 679 crore for the same quarter in the previous year. However, total income of the company increased by 8.32% at Rs 3,942.90 crore for Q4FY22 as compared Rs 3,639.90 crore for the corresponding quarter previous year.


NIFTY 15,920.65 0.54% SENSEX 53,639.21 0.76% BANKNIFTY 34,142.85 0.60% ADANIPORTS 688.85 1.00% ASIANPAINT 2,799.00 0.31% AXISBANK 656.25 0.29% BAJAJ-AUTO 3,664.70 -0.41% BAJAJFINSV 11,592.50 1.79% BAJFINANCE 5,657.05 0.48% BHARTIARTL 681.30 -0.09% BPCL 317.00 0.21% BRITANNIA 3,677.05 -0.63% CIPLA 938.30 0.82% COALINDIA 183.85 0.99% DRREDDY 4,432.95 1.80% EICHERMOT 2,803.00 0.24% GAIL 133.60 0.04% GRASIM 1,366.40 1.15% HCLTECH 989.95 0.54% HDFC 2,220.90 0.18% HDFCBANK 1,362.95 0.54% HEROMOTOCO 2,742.00 -0.67% HINDALCO 347.95 2.19% HINDUNILVR 2,375.75 0.02% IBULHSGFIN 95.90 1.37% ICICIBANK 727.70 1.06% INDUSINDBK 835.50 0.42% INDUSTOWER 210.70 0.33% INFY 1,501.05 0.88% IOC 74.10 -0.34% ITC 290.85 -0.36% JSWSTEEL 558.00 1.18% KOTAKBANK 1,680.90 0.60% LT 1,578.75 -0.19% M&M 1,084.10 -0.65% MARUTI 8,438.75 -0.05% NTPC 143.35 1.38% ONGC 126.25 0.20% POWERGRID 214.75 1.92% RELIANCE 2,427.40 0.57% SBIN 476.85 0.72% SUNPHARMA 837.35 0.96% TATAMOTORS 416.65 2.01% TATASTEEL 865.20 1.25% TCS 3,250.10 0.47% TECHM 1,012.00 1.21% TITAN 1,972.00 0.48% ULTRACEMCO 5,729.55 0.36% UPL 662.80 1.27% VEDL 219.75 1.45% WIPRO 421.25 0.23% YESBANK 12.75 0.79% ZEEL 218.30 -0.41%