Stocks To Watch: BPCL, InterGlobe Aviation, Jubilant Foodworks, Sobha, Tata Chemicals
The Singapore-traded SGX Nifty, an indicator of Nifty’s performance was little changed at 10,099.
- Oil marketing companies in focus as government clarifies its non-interference stance in pricing
- Tata Chemicals to sell its Phosphatic fertiliser business to Indorama Holdings BV, Netherlands for Rs 400-500 crore
- InterGlobe Aviation QIP to open on September 15 at price band of Rs 1,125 to Rs 1,175 per share
- Jubilant Foodworks clarifies and says all its food ingredients safe to consume
- Sobha to buy back up to 1.46 million shares at Rs 425 each
- HEG: Jefferies initiated coverage on the stock with a ‘Buy’ rating and price target of Rs 1,050
The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index’s performance in India was little changed at 10,099
Hereâs a quick look at all that could influence equities today.https://t.co/11uUwSifma
— BloombergQuint (@BloombergQuint) September 14, 2017
Here are the stocks to watch in today’s session:
- Tata Chemicals: To sell its Phosphatic fertiliser business to Indorama Holdings BV, Netherlands for Rs 400-500 crore
- Interglobe Aviation: QIP to open on September 15 with price band fixed at Rs 1,125 to Rs 1,175 per share
- Jubilant Foodworks: Clarifies that its food ingredients are safe to consume
- Wipro: To partner with Rebuild Texas Fund to help in the recovery and rebuilding efforts in Texas
- Strides Shasun: Receives the U.S. FDA approval for Potassium Citrate Extended-Release tablets
- Puravankara: Aims to sell 1,000 residential units online
- Sobha: To buy back up to 1.46 million shares at Rs 425 each
- Borosil Glass Works: Ex-date for stock split from Rs 10 to Re1 per share
- Aditya Birla Capital: Last day of trade in T group, to be shifted to B group with effect from September 15
- Sintex Plastic: New 1.55 crore equity shares will list today (conversion against FCCB)
- Jaypee Power: Eleven buyers -- including Adani Power, Tata Power, JSW Energy -- show interest in buying the company (Business Standard)
Anatomy of an economic slowdown. @ajit_ranade, @pravchak, Sajjid Chinoy talk to @dugalira @menakadoshihttps://t.co/Q5YrLjPaBs
— BloombergQuint (@BloombergQuint) September 13, 2017
Other Corporate Announcements
- V2 Retail: Opens store in Haridwar, Uttarakhand. Total number of stores increases to 41
- Himachal Futuristic: Exits CDR mechanism
- Persistent Systems: Partners with Ohio Dept of Commerce
- GOCL Corp: Board approves merger of two subsidiaries with self
- Bharat Gear: Board to consider issue of equity shares to promoters at its meeting on 18th September
- Reliance Communications: Ericsson India filed insolvency case against company for recovery of Rs 491.41 crore
- India Cements: Says NCLAT approves merger of subsidiaries Trinetra cement and Trishul Concrete Products with self
- Thermax: Bags EPC order worth $43 million from UAE cement company
IPO Watch
- Matrimony.com Limited IPO closed with issue subscribed 4.2 times
- Capacit'e Infraprojects IPO day 2, with issue subscribed 1.3 times so far
Government wonât step in to check rise in fuel prices, Oil Minister says.https://t.co/nYfdt4zbJh pic.twitter.com/PbHQOvGA28
— BloombergQuint (@BloombergQuint) September 13, 2017
Today’s Nifty Call
F&O Setup
- Nifty September Futures closed with a premium of 12 points from 15 points
- September Nifty Futures open interest up 3 percent; Bank Nifty open interest down 5 percent
- India VIX closed flat-to-negative at 11.7
- September series highest Call base at 10,200 (open interest at 41.2 lakh, up 7 percent )
- September series highest Put base at 9,900 (open interest at 60.6 lakh, down 4 percent)
- Call strikes 10,100 , 10,200 see open interest addition and unwinding for 10,000
- Put strikes 10000, 10,100 see open interest addition
Active Stock Futures
- Jubilant Food sees open interest addition of 27 percent on short side
- Concor sees open interest addition of 18 percent on short side
- Torrent Power sees open interest addition of 16 percent on short side
- BPCL sees open interest addition of 15 percent on short side
- Divis Lab sees open interest addition of 15 percent on long side
- Apollo Hospitals sees open interest addition of 15 percent on short side
- Reliance Capital sees open interest addition of 11 percent on short side
- Wockhardt sees open interest addition of 9 percent on long side
- Voltas sees open interest shedding of 9 percent, long unwinding seen
F&O Ban
- DHFL
- Indiabulls Real Estate
- JP Associates
- JSW Energy
- Wockhardt Pharma
Hindalco to repay Rs 1,100-crore debt this month: Kumar Mangalam Birla.https://t.co/ALfltBd1dY pic.twitter.com/TJ1Yv7hSzx
— BloombergQuint (@BloombergQuint) September 13, 2017
Bulk Deals
- Gammon Infrastructure: Promoter Gammon Power sold 2 crore shares or 2.1 percent stake at Rs 3.15 each
- IDFC: Birla Mutual Fund sold 88 lakh shares or 0.6 percent stake at Rs 59.78 each
How Indiaâs three listed airlines fared in the first quarter. @soumeet_sarkar reportshttps://t.co/iSwW6jjgCn pic.twitter.com/Kvw3hw0O9T
— BloombergQuint (@BloombergQuint) September 13, 2017
Earnings To Watch
- Arvee Denims
- Autoline Industries
- Balkrishna Paper
- BF Utilities
- Chartered Logistics
- Fineotex Chemicals
- Goodluck India
- Kesoram
- Lincoln Pharma
- OK Play
- Talwalkars
- Vadilal Industries
- Veto Switch
Earnings Reaction To Watch
ISMT (Q1, YoY)
- Revenue up 8.8 percent to Rs 308 crore
- EBITDA up 69 percent to Rs 13.5 crore
- Margin expanded to 4.8 percent from 3.1 percent
- Net loss of Rs 64 crore from a loss of Rs 76 crore
Sandur Manganese (Q1, YoY)
- Revenue up 45 percent to Rs 129 crore
- EBITDA at Rs 27.5 crore
- Margin expanded to 22 percent from 8 percent
- Profit up 236 percent to Rs 18.5 crore
WPIL (Q1, YoY)
- Revenue up 81 percent to Rs 76 crore
- EBITDA up 33 percent to Rs 8 crore
- Margin narrowed to 10.8 percent from 15 percent
- Profit up 67 percent to Rs 5 crore
Walchandnagar Industries (Q1, YoY)
- Revenue up 17.5 percent to Rs 94 crore
- EBITDA up 36 percent to Rs 19 crore
- Margin expanded to 21.6 percent from 18.2 percent
- Net loss of Rs 8.5 crore from a loss of Rs 13 crore
CMI (Q1, YoY)
- Revenue up 65.5 percent to Rs 144 crore
- EBITDA doubles to Rs 18 crore
- Margin expanded to 13.6 percent from 11.7 percent
- Profit at Rs 6 crore
Kopran (Q1, YoY)
- Revenue down 19 percent to Rs 51 crore
- EBITDA down 12.5 percent to Rs 3.5 crore
- Margin expanded a little to 6.9 percent from 6.3 percent
- Profit down 50 percent to Rs 1 crore
Lovable Lingerie (Q1, YoY)
- Revenue down 9.7 percent to Rs 60.5 crore
- EBITDA down 33 percent to Rs 8 crore
- Margin narrowed to 13.2 percent from 17.9 percent
- Profit down 50 percent to Rs 6 crore
Minda Corp (Q1, YoY)
- Revenue up 19 percent to Rs 623 crore
- EBITDA down 10.2 percent to Rs 44 crore
- Margin narrowed to 7.6 percent from 10 percent
- Profit down 9.8 percent to Rs 23 crore
BPCL (@BPCLimited) plans to foray into petrochemicals, reports @Ridhima__Saxena.https://t.co/86t3f8QyqD pic.twitter.com/zqJu5Dua7A
— BloombergQuint (@BloombergQuint) September 13, 2017
Brokerage Radar
- Sun Pharma: Credit Suisse upgraded stock rating to ‘Outperform’ from ‘Neutral’ and hiked price target to Rs 595 from Rs 490
- Apollo Hospitals: CLSA maintained its ‘Buy’ rating with price target cut to Rs 1,400 from Rs 1,480
- Larsen & Toubro: Citi retained its ‘Buy’ rating with price target of Rs 1,452
- Axis Bank: Deutsche Bank upgraded stock to ‘Buy’ from ‘Hold’ and hiked price target to Rs 600 from Rs 560
- Jubilant Foods: Deutsche Bank maintained its ‘Buy’ rating on the stock with price target of Rs 1,450
- HEG: Jefferies initiated coverage on the stock with a ‘Buy’ rating and price target of Rs 1,050
- Graphite India: Jefferies initiated coverage on the stock with a ‘Buy’ rating and price target of Rs 342
Jubilant FoodWorks clarifies on reports of bugs in seasoning.https://t.co/pOEQqDVwZL pic.twitter.com/ZNxyVZxTyv
— BloombergQuint (@BloombergQuint) September 13, 2017
Media Reports
- Religare: Institutional shareholders move court seeking ouster of Board. (Economic Times)
- Bharti Airtel: To tap SK Telecom’s technology expertise. (Economic Times)
- SBI: Plans to list two regional rural banks. (Economic Times)
- Hindalco: May prepay debt up to Rs 1,100 crore this year. (Economic Times)
- BPCL: To invest Rs 1.08 lakh crore in 5 years to expand business operations. (Mint)
- Lupin: Scales down new drug unit, lays off 52 people. (Business Standard)
- Titan: Titan EyePlus to start making frames from December. (Business Standard)
- Coal India: To enter new mining areas, says official. (PTI)
Edelweiss ARC files complaint against Synergies Dooray resolution professional Mamta Binani.@visshy_it https://t.co/6IbAAzuYJ3 pic.twitter.com/E5ZAgAfj74
— BloombergQuint (@BloombergQuint) September 13, 2017