- NBCC bags Rs 3,200 crore project from the finance ministry
- Granules India QIP opens; floor price set at Rs 127.63 per share
- Reliance Capital says Reliance Home Finance to list on September 22
- NPPA fixes ceiling price of 39 more drug formulations
- Yes Bank ex-date for 5:1 stock split. F&O lot size revised to 1,750
The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index’s performance in India, declined 0.24 percent to 10,143 as of 7:40 a.m.
Here are the stocks to watch out for in today’s session:
- NBCC: Bags Rs 3,200 crore project from the finance ministry to develop a residential-cum-office complex in Mumbai
- Novartis India: Board to consider buyback proposal at its meeting on September 25
- Granules India: QIP opens with floor price set at Rs 127.63 per share
- Reliance Capital: Says Reliance Home Finance Ltd. to list on September 22
- SMS Pharma: Mulls joint venture with Chemo S.A. (Switzerland)
- Den Networks: Received NCLT nod to demerge its broadband/internet service arm Skynet Cable
- Allahabad Bank: Board approves merger with subsidiary AllBank Finance
- ITDC: Signs pact for transfer of Lalitha Mahal Palace Hotel, Mysore to Government of Karnataka
Other Corporate Announcements
- NPPA: Fixes ceiling price of 39 more drug formulations
- Walchandnagar Industries: Circuit filter revised to 10 percent
- Yes Bank: Ex-date for 5:1 stock split, F&O lot size revised to 1,750
- Dishman Carbogen Amcis: To be relisted after reverse merger of Carbogen Amcis into company
- Lasa Supergenerics: A demerged entity of Omkar Speciality Chemicals, to list on exchanges
IPO Watch
- Matrimony.com to make stock market debut after concluding its Rs 500 crore initial public offer last week.
- SBI Life Insurance IPO continues on day 2. The issue has been subscribed 0.09 times till now
- Lemon Tree Hotels files DRHP for IPO
Today’s Nifty Call
X
F&O Setup
- Nifty September Futures closed with a premium of 26.5 points from 21 points
- September Nifty Futures open interest up 2 percent, Bank Nifty open interest down 4 percent
- India VIX closed higher by 1.4 percent at 11.46
- September series highest Call base at 10,200 (open interest at 56 lakh )
- September series highest Put base at 10,000 (open interest at 56.9 lakh, open interest down 4 percent)
- Call strikes 10,000, 10,100 sees unwinding of open interest and addition seen for 10,300 & 10,400
- Put strikes 10,000, 10,100 sees unwinding of open interest and addition seen for 10,300
Active Stock Futures
- South Indian Bank saw open interest addition of 14 percent on long side
- NALCO saw open interest addition of 10 percent on long side
- Hindalco saw open interest addition of 8 percent on short side
- Karnataka Bank saw open interest addition of 8 percent on long side
- NBCC saw open interest addition of 7 percent on long side
- Tata Steel saw open interest addition of 6 percent on long side
- Infibeam saw open interest unwinding of 16 percent, long unwinding was seen
- Kotak Mahindra Bank saw open interest unwinding of 13 percent, long unwinding was seen
Stocks In F&O Ban
- Bharat Earth Movers
- DHFL
- HDIL
- Indiabulls Real Estate
- Indo Count
- India Cements
- Infibeam
- JP Associates
- JSW Energy
- Justdial
Bulk Deals
Om Metal Infraprojects
- Equity Intelligence India buys 7.3 lakh shares or 0.8 percent stake at Rs 62.7 each
- EQ India Fund buys 5.75 lakh shares or 0.6 percent stake at Rs 62.24 each
- Udgam Commercial sold 14.1 lakh shares or 1.5 percent stake at Rs 62.23 each
Bank of Baroda
- Theleme Master Fund sold 7.58 crore shares or 3.3 percent stake at Rs 147.06 each
- Merrill lynch Markets Singapore bought 7.58 crore shares or 3.3 percent stake at Rs 147.08 each
Magma Fincorp
- Leapfrog financial inclusion India holdings sold 53 lakh shares or 2.2 percent stake at Rs 180.1 (average) each
- HSBC Global Investment Fund bought 22.3 lakh shares or 0.9 percent stake at Rs 180.17 each
Veto Switchgear
- Promoters Veto Electropowers India sold 5 lakh shares or 2.7 percent stake at Rs 217.5 each
- Jayanti Dahyabhai Patel bought 2.5 lakh shares or 1.4 percent stake at Rs 215 each
- Paru Securities bought 2.57 lakh shares or 1.4 percent stake at Rs 220.02 each
- Mirc Electronics: KIFS Electronics bought 12 lakh shares or 0.6 percent stake at Rs 28.76 each
- Kajaria Ceramics: WestBridge Crossover Fund sold 35.75 lakh shares or 2.2 percent stake at Rs 722.62 each
- Vadivarhe Specialty Chemical: Garnet International bought 1.65 lakh shares at Rs 126 each
- Omkar Specialty Chemicals: Promoter Omkar Herlekar sold 1.25 lakh shares or 0.6 percent stake at Rs 86.1 each
- IOL Chemicals and Pharma: Indiastar (Mauritius) Ltd. sold 11 lakh shares or 2 percent stake at Rs 57.5 each
- Balasore Alloys: Promoter Navoday Niketan Pvt. Ltd. sold 4.46 lakh shares or 0.5 percent stake at Rs 62.44 each
Brokerage Radar
- United Spirits: Macquarie maintained an ‘Underperform’ rating on the stock and hiked price target to Rs 1,933 from Rs 1,600
- Divi’s Laboratory: Axis Capital upgraded stock rating to ‘Buy’ from ‘Hold’ and hiked price target to Rs 1,080 from Rs 625
- Dr. Reddy’s Lab: Morgan Stanley upgraded stock rating to ‘Overweight’ from ‘Equalweight’ and hiked price target to Rs 3,133 from Rs 2,798
Tata Steel
- Edelweiss retained ‘Buy’ on the stock with price target of Rs 720
- IDFC Securities reiterated its ‘Outperform’ rating and hiked price target to Rs 694 from Rs 623
- Axis Capital maintained its ‘Buy’ rating with price target hiked to Rs 765 from Rs 690
- CLSA retained its ‘Buy’ on the stock with price target hiked to Rs 850 from Rs 800
- Macquarie maintained an ‘Underperform’ on the stock with price target hiked to Rs 560 from Rs 505
- Credit Suisse retained ‘Outperform’ on the stock with price target hiked to Rs 800 from Rs 720
Bharat Electronics
- IDFC Securities maintain ‘Outperform’ rating with price target of Rs 220
- Jefferies retained ‘Buy’ on the stock with price target of Rs 195
Media Reports
- Jaypee Infra: May raise up to Rs 2,000 crore. (Times of India)
- NBCC: To launch 1,000 flats for sale during festive season. (PTI)
- Yes Bank: After HDFC Bank, Yes Bank says no to 2,500 jobs. (Economic Times)
- Essar Steel: Banks likely to reject Essar Steel’s demand for working cap loans. (Economic Times)
- L&T: Looks at North Africa to offset hydrocarbon slip at home. (Economic Times)
- Reliance Industries: Could boost Jamnagar capacity to 100MT by 2030. (Economic Times)
- Aditya Birla Group: Analjit seeks new partners for life insurance; said to be in talks with Aditya Birla Group to explore merger of Max Life with Birla Sun. (Economic Times)
AGMs Today
- BEML
- Caplin Point Laboratories
- Cox & Kings
- Deepak Fertilisers
- Escorts
- HCL Technologies
- Rashtriya Chemicals
- Rural Electrification Corp.
- Religare Enterprises
- Repco Home Finance
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