Stocks To Watch: Atul, Bata India, Chennai Petro, Oil Refiners

The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, was little changed at 9,470.

Here are some of the key stocks to watch out for in today’s session:

Polaris Consulting and Services (Q4, QoQ)

• Net profit down 31 percent to Rs 32.9 crore from Rs 47.6 crore
• EBIT down 38.8 percent to Rs 39.9 crore from Rs 65 crore
• EBIT margin down to 7 percent from 12.6 percent

JK Tyre and Industries (Q4, YoY)

• Net profit down 25 percent to Rs 92 crore from Rs 122.3 crore
• EBITDA down 27 percent to Rs 200 crore from Rs 273.65 crore
• EBITDA margin contracts to 9 percent from 14 percent

Chennai Petroleum Corporation (Q4, YoY)

• Net profit down 31 percent to Rs 170.81 crore
• EBITDA down 22 percent to Rs 316.56 crore
• EBITDA margin down to 3 percent from 4 percent

Indo Count Industries (Q4, YoY)

• Net profit down 28 percent to Rs 48.8 crore
• EBITDA down 24.83 percent at Rs 90.11 crore
• EBITDA Margin down to 19.11 percent from 25.4 percent

Bata India (Q4, YoY)

• Net sales rose 6.1 percent to Rs 598 crore
• Net profit up 27 percent to Rs 36 crore
• Operating margins contract 70 basis points to 9.2 percent
• Operating profit fell to Rs 55.1 crore

• Atul: Enters into a joint venture with AkzoNobel for the production of monochloroacetic acid (MCA) in India
• Oil marketing companies: Petrol prices cut by Rs 2.16 per litre, while diesel prices cut by Rs 2.1 per litre.
• ICICI Bank: Cuts home loan rate by 30 basis points to 8.35-8.40 percent for loans for up to Rs 30 lakh to promote affordable housing
• HDFC: Reduces its rate on home loans up to Rs 30 lakh by 30 basis points to 8.35 percent for salaried women borrowers and to 8.40 percent for others.

Other stocks to watch:

• Skipper: Secured orders worth Rs 376.48 crore from national and Rs 123.73 crore from international markets for supply of power transmissions towers and telecom poles
• Premier Explosives: Qualified institutional placement (QIP) issue opened on May 15 at a floor price of Rs 414.97 per share. Company intends to raise around Rs 80 crore
• Piramal Enterprises: Seeks shareholder approval to raise funds up to Rs 5,000 crore
• Brigade Enterprises: Leases 3.75 lakh square feet office space to TCS
• Raymond: Seeks shareholder approval to raise as much as Rs 750 crore through a debt issue
• Indo Count Industries: Has increased its capacity to 90 million meters from the current 68 million meters
• Subex: Allots 5.5 crore equity shares on preferential basis at Rs 14 each
• Websol Energy Systems: Receives 'No Due Certificate' from ARCIL on payment of the entire settlement amount
• Bharat Financial Inclusion: Route One Fund buys 12.2 lakh shares or 0.88 percent stake at Rs 809.14 apiece.
• South Indian Bank: DB International Asia Ltd. sells 1.1 crore shares or 0.65 percent stake at Rs 25.55 each
• 8K Miles Software: Promoter RS Ramani sells 4.5 lakh shares or 1.48 percent stake at Rs 595.36 per share
• Prakash Industries: SSG Investment Holding India Ltd. sells 9.8 lakh shares or 0.75 percent stake at Rs 96.01

Today’s Nifty Call

Brokerage Calls

• Dr. Reddy's Laboratories: Raised to 'Hold' at Deutsche Bank with price target of Rs 2,069. Raised to 'Neutral' from 'Underperform' at IDFC
• Colgate India: Cut to 'Neutral' at Credit Suisse with price target of Rs 1,050 and cut to 'Neutral' at JPMorgan with price target of Rs 1,030
• Eicher Motors: Raised to 'Overweight' at JPMorgan with price target of Rs 33,000
• GAIL (India): Cut to 'Underperform' at Jefferies with price target of Rs 363
• Glenmark Pharma: Cut to 'Hold' at Sharekhan with price target of Rs 805
• Hero MotoCorp: Raised to 'Neutral' at JPMorgan with price target of Rs 3,800
• Indian Hotels: HSBC initiates coverage with 'Buy' rating and a price target of Rs 155
• Siemens India: Raised to 'Outperform' at Batlivala and Karani
• Titan: Cut to 'Hold' at Reliance Securities with price target of Rs 481
• TVS Motors: JPMorgan initiates coverage with 'Overweight' rating with price target of Rs 590

Stocks In F&O Ban

• Canara Bank
• Ceat
• IndiaBulls RealEstate
• IFCI
• Jain Irrigation
• JSW Energy
• Karnataka Bank
• Orient Bank
• Syndicate Bank
• Ujjivan Financial Services

Earnings Reaction To Watch

Future Lifestyle Fashions (Q4, YoY)

• Net profit up 263 percent to Rs 18.93 crore from Rs 5.22 crore
• EBITDA up 10 percent at Rs 94.8 crore from Rs 86.53 crore
• EBITDA Margin down to 9.6 percent from 10 percent

Skipper (Q4, YoY)

• Net profit up 46 percent to Rs 52.8 crore from Rs 36.1 crore
• EBITDA up 24 percent to Rs 91.2 crore from Rs 73.3 crore
• EBITDA Margin expands to 16 percent from 14 percent

Electrosteel Steels (Q4, YoY)

• Net loss of Rs 293.33 crore from net profit of Rs 265.14 crore
• EBITDA down 73 percent to Rs 44.4 crore from Rs 164.3 crore
• EBITDA Margin contracts to 6 percent from 17 percent

Earnings To Watch Today

Tata Steel Q4FY17 (Bloomberg Estimates, YoY)

• Revenue seen up by 8 percent at Rs 31,620 crore
• Net profit seen at Rs 1,019 crore from a net loss of Rs 3,214 crore
• EBITDA may rise 106 percent to Rs 4,546 crore

Punjab National Bank Q4FY17 (Bloomberg Estimates, YoY)

• Net interest income seen 38.9 percent higher at Rs 3,845 crore
• Net profit seen at Rs 447 crore from a net loss of Rs 5,367 crore

Sobha Q4FY17 (Bloomberg Estimates, YoY)

• Revenue seen up 2 percent at Rs 560 crore
• Net profit may rise 52 percent to Rs 42 crore
• EBITDA may decline 6.5 percent to Rs 110 crore

Also Read: Earnings Today: Tata Steel May Return To Profit In January-March Quarter