The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, gained 0.1 percent to 9,630.
ADVERTISEMENT
ADVERTISEMENT
Here are the stocks to watch out for in today’s session:
Reliance Communications
- CARE downgrades company's rating to CARE D from CARE BB
- ICRA downgrades company's rating to ICRA D from ICRA BB
- Moody's downgrades rating to Caa1 from B2
Also Read: Anil Ambani’s Reliance Communications On The Verge Of Default?
Cox & Kings
- Board approves scheme of arrangement for demerger of its travel and financial service business
- Post demerger, Cox and Kings Financial Services Ltd. will be a wholly-owned subsidiary of the company
- Promoter holding in the resulting company to be 60.63 percent
Berger Paints
- Board approves acquisition of 100 percent stake in Chandigarh-based, niche paint maker Saboo Coatings for a total consideration of Rs 81.77 crore
- Board also approves acquisition of 51 percent stake in Saboo Hesse Wood Coatings Pvt. Ltd. for a sum of Rs 1.5 crore
HDIL
- To issue securities up to $150 million subject to shareholder approval
- To also issue equity worth Rs 200 crore to promoter Sarang Wadhawan subject to shareholder approval
- Educomp Solutions: National Company Law Tribunal (NCLT) approves company's application under the insolvency and bankruptcy code. The company has also submitted a restructuring proposal to the consortium of bankers
- Gujarat Gas: Enters into a non-binding MoU with Petronet LNG for exploring, dispensing and marketing of LNG
- Rolta India: Board approves de-listing of GDRs from London Stock Exchange
- Mcleod Russel: Board considering a joint venture with Eveready Industries for development of packet tea business
- Talwalkars: Issues NCDs worth Rs 500 crore on a private placement basis. Also increases the borrowing limit of the company to Rs 750 crore
- Arrow Greentech: Incorporates wholly-owned subsidiary Avery Pharmaceuticals for a sum of Rs 25 lakh
- Lloyd Electric & Engineering: Announces special dividend of Rs 20 per share out of the proceeds from the sale of its consumer durables business
- Reliance Communication: To be in the F&O ban list on May 31
Punjab National Bank
- Overnight MCLR revised to 8 percent from 8.05 percent
- 1-month MCLR revised to 8.1 percent from 8.15 percent
- 3-month MCLR revised to 8.2 percent from 8.25 percent
- MCLR for 6-months, 1-year, 3-year and 5-year period unchanged between 8.3-8.5 percent respectively
ADVERTISEMENT
Today’s Nifty Call
X
ADVERTISEMENT
Brokerage Calls
- AIA Engineering: Cut to ‘Hold’ at Anand Rathi Securities
- IPCA Labs: Cut to ‘Neutral’ at IDFC Securities with price target of Rs 522
- KNR Constructions: Raised to ‘Buy’ at HDFC Securities
- M&M Financial Services: Raised to ‘Overweight’ at Morgan Stanley
- NTPC: Raised to ‘Outperform’ at IDFC Securities with price target of Rs 186
- Oil India: Raised to ‘Buy’ at Batlivala & Karani with price target of Rs 390
- PVR: Cut to ‘Reduce’ at Dolat Capital Market
- Ramco Cements: Raised to ‘Hold’ at Emkay with price target of Rs 670
- Shriram Transport Finance: Raised to ‘Overweight’ at Morgan Stanley
- Tech Mahindra: Raised to ‘Buy’ at KR Choksey with price target of Rs 473
Source: Bloomberg
Media Reports
- Cadila Healthcare: Plans to raise Rs 1,000 crore via QIP. (Mint)
- Piramal Enterprises: Structure finance arm invests Rs 565 crore in two auto part firms. (Mint)
- Hindalco: Expects domestic aluminium demand to rise 7 percent. (Mint)
- Reliance Communication: Says will clear debt worth Rs 25,000 crore by September 30. (Business Standard)
- Tata Motors: Aims to provide skill training to 40,000 individuals in three years. (Business Standard)
- Tata Motors: JLR cuts select model prices by up to Rs 10.9 lakh. (PTI)
- Hindustan Zinc: To spend Rs 30 crore in the next five years to train youth. (PTI)
- Power Grid: Plans capex of Rs 25,000 crore in FY18. (PTI)
- Aurobindo, Glenmark Pharma: U.S. FDA approves first generic copies of Lilly's Strattera to treat Attention-Deficit/Hyperactivity Disorder (ADHD) in pediatric and adult patients. (Bloomberg)
Earnings Reaction To Watch
BEML (Q4, YoY)
- Net profit up 27 percent to Rs 186.4 crore
- Revenue up 17 percent to Rs 1,315.9 crore
- EBITDA up 14 percent to Rs 199.5 crore
- EBITDA Margin down to 15.2 percent from 15.6 percent
Bhushan Steel (Q4, YoY)
- Net loss widens to Rs 756.8 crore from Rs 657.6 crore
- Revenue up 32 percent to Rs 4,558.9 crore
- EBITDA up 40.2 percent to Rs 862 crore
- EBITDA Margin up to 20.4 percent from 19.8 percent
Delta Corp (Q4, YoY)
- Net profit down 59 percent to Rs 11.4 crore
- Revenue up 6 percent to Rs 108.13 crore
- EBITDA flat at Rs 34.41 crore
- EBITDA Margin down to 31.8 percent from 34 percent
Jet Airways (Q4, YoY)
- Net profit down 90.7 percent to Rs 36.8 crore
- Revenue up 3 percent to Rs 5,449.1 crore
Fortis Healthcare (Q4, YoY)
- Net loss narrows to Rs 37.5 crore from Rs 87.6 crore
- Revenue up 5 percent to Rs 1,123.4 crore
- EBITDA up 69 percent to Rs 79 crore
- EBITDA Margin up to 7percent from 4.35 percent
Finolex Cables (Q4, YoY)
- Net Profit down 12.8 percent to Rs 75.5 crore
- Revenue up 10.2 percent to Rs 784.6 crore
- EBITDA down 12.3 percent to Rs 101.1 crore
- EBITDA Margin down to 13 percent from 16.2 percent
Infibeam Incorporation (Q4, YoY)
- Net Profit up 467 percent to Rs 13.6 crore
- Revenue up 60 percent to Rs 120.85 crore
- EBITDA up 190 percent to Rs 20.09 crore
- EBITDA Margin expands to 16.6 percent from 9.2 percent
IRB Infra (Q4, YoY)
- Net Profit up 32.15 percent to Rs 207.2 crore
- Revenue up 6 percent to Rs 1,627.12 crore
- EBITDA up 11.25 percent to Rs 821.8 crore
- EBITDA Margin expands to 50.5 percent from 48 percent
MOIL (Q4, YoY)
- Net Profit up 442 percent to Rs 115.8 crore
- Revenue up 19.75 percent to Rs 252.7 crore
MTNL (Q4, YoY)
- Net loss of Rs 634.8 crore from Net Profit of Rs 188.6 crore
- Revenue down 13.3 pecrent to Rs 705.2 crore
Pricol (Q4, QoQ)
- Net profit down 36.5 percent to Rs 5.4 crore
- Revenue down 10.4 percent at Rs 287.7 crore
- EBITDA down 12.45 percent at Rs 40.1 crore
- EBITDA Margin down to 15.5 percent from 15.7 percent
Talwalkars (Q4, YoY)
- Net profit up 22 percent to Rs 24.6 crore
- Revenue up 12.9 percent to Rs 103.3 crore
- EBITDA up 15 percent to Rs 76.5 crore
- EBITDA Margin expands to 85 percent from 83 percent
Tata Global Beverages (Q4, YoY)
- Net profit of Rs 51.12 crore from Net loss of Rs 268.9 crore
- Revenue up 4.75 percent at Rs 1,674.3 crore
- EBITDA up 12 percent to Rs 179 crore
- EBITDA Margin up at 10.7 percent from 10 percent
Thermax (Q4, YoY)
- Net profit down 69 percent to Rs 35.31 crore
- Revenue flat at Rs 1,519.06 crore
- EBITDA up 31 percent to Rs 173.21 crore
- EBITDA Margin up 11.6 percent from 8.85 percent
United Spirits (Q4, YoY)
- Net loss of Rs 104.2 crore from Net profit of Rs 1.4 crore
- Revenue up 9 percent to Rs 6,485.2 crore
- EBITDA up 129 percent to Rs 265.1 crore
- EBITDA Margin up at 13 percent from 5.7 percent
Welspun Enterprises (Q4, YoY)
- Net profit up 276 percent to Rs 17.75 crore
- Revenue up 149 percent to Rs 181.5 crore
WRITTEN BY
RECOMMENDED FOR YOU
POPULAR
1
IT, Defence And Banking Stocks Among Top Diwali Picks For Helios Capital's Dinshaw Irani
2
Gold Vs Equity: Evaluating These Asset Classes By Performance Over A Year
3
Stock Market On Muhurat Trading Day: All You Need To Know Going Into Trade On Nov. 1
4
IPL 2025 Retention: National Team Players Should Be Given Priority, Says Rohit Sharma
5