- SBI approves stake sale in SBI Life via IPO
- Hindustan Petroleum to trade ex-bonus today
- Amtek Auto indefinitely postpones board meeting to consider Q1 results
- GSFC undertakes emergency shutdown of ammonia and urea plant due to gas leakage
- Grasim divests entire stake in subsidiary
The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, gained 0.3 percent to 9,802.
Here are the stocks to watch out for in today’s session:
- State Bank of India: Approves stake sale in SBI Life via IPO. To sell upto 8 crore equity shares as OFS
- Gujarat State Fertilizers and Chemicals: Shuts down operations of its ammonia IV plant and urea II plant due to leakage of gas.
- HPCL: Ex-date for 1:2 bonus. F&O lot size revised to 1,575. Ex-date for dividend of Rs 1.1 per share
- Amtek Auto: Meeting of board to consider and approve first quarter results postponed until further notice
- GMR Infrastructure: Secures funding worth Rs 1,330 crore for Goa airport from Axis Bank
- Grasim: Board approves to divest entire stake in Grasim Bhiwani textiles to Rajendra Synthetics Pvt. Ltd., Mumbai, which is a part of the Donear Group
- Sugar Stocks: Import duty on sugar raised to 50 percent from 40 percent
- Alembic Pharma: Gets tentative U.S. FDA nod for Anticoagulant drug
Other Corporate Announcements
- Bajaj Electricals: Acquires 28 percent stake in Starlite Lighting. Total holding in Starlite Lighting increased from 19 percent to 47 percent
- India Power: Inaugurated 450 MW thermal power plant at its West Bengal unit
- Accel Frontline: Sold its entire stake in Singapore-based subsidiary
- Cyient: Subscribed to 49 percent of share capital of Cyient Solutions and Systems Pvt Ltd.
- Munjal Auto: Ex-date for 1:1 bonus
- MT Educare: Amitabh Sonthalia buys 3 lakh shares at Rs 68.58 each
- Supreme Infrastructure: Prudential Growth Trust sells 1.35 lakh shares at Rs 83.19 each
Today’s Nifty Call
X
F&O Setup
- Nifty futures end trade at 9,776.95, a premium of 6 points
- Nifty futures shed 95,000 shares in open interest
- Nifty Bank futures add 82,000 shares in open interest
- Put-Call Ratio rises to 1.34 from 1.29
Active Stock Futures
- Ajanta Pharma: Open interest addition of 10 percent on the long side
- Jet Airways: Open interest addition of 8 percent on the long side
- Tata Global Beverages: Open interest addition of 8 percent on the long side
- IDFC: Open interest addition of 8 percent on the short side
- Berger Paints: Open interest shedding of 15 percent along with short covering
Stocks In F&O Ban
- HDIL
- Indiabulls Real Estate
- Jaiprakash Associates
- JSW Energy
- Ujjivan Financial Services
Key Earnings To Watch
IndusInd Bank Q1 (Bloomberg Consensus Estimates, YoY)
- Net interest income seen 26.6 percent higher at Rs 1,717 crore year-on-year
- Net profit likely to rise 26.7 percent to Rs 838 crore year-on-year
- Asset quality to remain stable
- Loan growth seen at approximately 25 percent
Other earnings for the day include CCL Products (India) Ltd., Monnet Ispat and Energy Ltd., Prime Securities Ltd. and The South indian Bank Ltd.
Brokerage Calls
- Tech Mahindra: Kotak maintains 'Add' with price target of Rs 450
- NBCC: Citi maintains its 'Buy' rating on the stock with the price target of Rs 232
- Lupin: CLSA maintained an 'Outperform' rating on Lupin and cut its Target Price to Rs 1,310 from Rs 1,350
- KPR Mills: IDFC inititates coverage on the stock with the Target Price set at Rs 1,052
- Motherson Sumi: HSBC remains positive on the long-term earnings on the stock, maintains a 'Buy' rating with the Target Price set at Rs 333
Media Reports
- Jet Airways: Airlines, PE firms are said to be looking at investing in the company. (Economic Times)
- Tata Power: CDPQ platform in talks to buy DB Power’s assets. (Mint)
- HPCL: Raises $500 million via bonds issue in foreign markets. (PTI)
- Maruti: Set to open 300 Nexa service outlets by 2019-2020. (PTI)
- GTL Infrastructure: Comes out clean in audit, lenders to settle debt. (Economic Times)
- Lanco: Encashes suppliers’ bank guarantees. (Business Standard)
- Emami Infra: To merge Zandu Realty with itself. (Business Standard)
- ONGC Videsh: To bid for Lebanese offshore blocks. (Business Standard)
- Bharti Airtel: To roll out VoLTE by year end. (Financial Express)
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