Stocks To Watch: Dr. Reddy’s Laboratories, M&M, SBI, TVS Motors

The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, was little changed at 9,613.

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

Banking Stocks

• RBI Identifies 12 accounts for immediate reference to the Insolvency and Bankruptcy Board
• RBI’s Independent Advisory Committee has identified these accounts
• RBI will issue directions to banks on these accounts

Dr. Reddy’s Laboratories

• Miryalaguda plant receives an Establishment Inspection Report (EIR) from the U.S. FDA
• Plant had received Form 483 with three observations in February 2017

• Glenmark Pharmaceuticals: Receives tentative approval for Saxagliptin tablets
• Mahindra & Mahindra: Board approves to sell part stake in Mahindra Logistics Ltd. via IPO
• Greaves Cotton: Enters into an agreement with Pinnacle Engines Inc., U.S.A. for three-wheelers in India
• Vascon Engineers: Ashok Motilal Katariya sold his entire 1.7 percent stake or 28.57 lakh shares for Rs 40.9 each
• MCX: SEBI issues guidelines for options trading in commodities market. SEBI has allowed exchanges to launch options for futures of only one commodity initially. (More details on the new framework here)

Telecom Stocks

• Reliance Jio's subscriber base rose 3.8 million to 112.5 million
• Bharti Airtel added 2.8 million customers to 276.5 million

Manpasand Beverages (Q4, YoY)

• Net profit up 22.4 percent to Rs 31.33 crore
• EBITDA up 21 percent to Rs 51.7 crore
• EBITDA margin contracts to 19.4 percent from 20.6 percent

HSBC On TVS Motor

• Downgrade stock to 'Reduce'; price target at Rs 450
• Cost comparison analysis with peers suggests downside risk to margin assumptions
• Limited scope for fixed-cost rationalisation
• Strong domestic recovery in medium-term a key risk

Other Corporate Announcements

• Wipro: Acquired additional stake in Drivestream for a consideration of $809,690 thereby increasing its total holding to 26.1 percent
• Ashok Leyland: Issued and allotted 8.06 crore equity shares to shareholders of Hinduja Foundries as per terms of scheme of amalgamation
• Gallant Ispat: To hold meeting of unsecured creditors on July 12, 2017
• Emkay Global: Enters into an agreement with DBS Vickers for co-branding and distribution of equity research
• Shriram Transport Finance: Approved and allotted NCDs worth Rs 965 crore on private placement basis
• JSW Steel: Crude steel production grew 1 percent to 13.57 lakh tonne in May 2017 from 13.48 lakh tonne last year
• Refiners: Indian Oil, BPCL and HPCL to sign joint venture pact for West Coast project
• Indian Bank: Receives shareholder approval to issue 4.75 crore equity shares
• Tata Motors: Appointed Girish Wagh as head of commercial vehicles business unit and member of executive committee

Lux Industries

• Reliance Mutual fund bought 4.44 lakh shares or 1.76 percent stake for Rs 900.4 each
• Valuead Securities Pvt. Ltd. sold its entire 2.23 percent stake or 5.62 lakh shares for Rs 901.64 each

Today’s Nifty Call

Stocks In F&O Ban

• HDIL
• IndiaBulls RealEstate
• Infibeam Incorporation
• Jaiprakash Associates
• Kaveri Seeds
• Oriental Bank of Commerce
• Reliance Communications
• Ujjivan Financial Services

Media Reports

• Spicejet: Eyes additional revenue of Rs 150 crore from new retail venture. (Mint)
• Berger Paints: Seeks investor nod to expand product range. (Mint)
• HDFC Bank: Moves ahead of Reliance Industries on market capitalisation. (Economic Times)
• Reliance Communications: Cabinet may take up Brookfield's Reliance Infratel deal next week. (Economic Times)
• Gitanjali Gems: Nakshatra World gets SEBI nod for IPO. (Mint)
• PSU Banks: Andhra Bank, Allahabad Bank, United Bank of India put together NPAs worth Rs 6,750 crore for sale. (Mint)