All You Need To Know Going Into Trade On August 8

Asian stocks began Tuesday slightly higher after modest gains lifted U.S. stocks to another record and ahead of China trade data that's expected to show healthy global demand. The Singapore traded SGX Nifty, an early indicator of NSE Nifty 50 index's performance in India, was little changed at 10,095 as of 6:47 a.m.

Global Cues

U.S.

• The Dow Jones industrial Average notched its tenth straight record close. The index rose 25.61 points, 0.1 percent, to end at 22,118.42, led by Boeing and Goldman Sachs.
• The S&P 500 climbed 0.16 percent to 2,480.91, its first record close since July 26.
• The Nasdaq Composite outperformed, rising 0.51 percent to close at 6,383.77.

Europe

• European equities slipped after a report showed German industrial data unexpectedly fell in June, with declines in travel and leisure shares offsetting advances for ArcelorMittal and Anglo American Plc after iron ore and steel prices increased.
• FTSE ended higher 0.27 percent at 7531.94, CAC little changed at 5207.89, DAX down 0.33 percent at 12,257.17.

Asian Cues

Japan's Topix index rose less than 0.1 percent, while Australia's S&P/ASX 200 Index added 0.2 percent. South Korea's Kospi index advanced 0.3 percent. Hang Seng Index futures slipped 0.2 percent.

The early indicator SGX Nifty was trading little changed at 10,091.

Commodity Cues

Oil traded near $49 a barrel as officials from Russia and Kuwait conducted meetings in Abu Dhabi with producers to examine why some are shirking their commitment to reduce output.

• Brent crude trades lower at $52.21 a barrel
• WTI crude down by 0.22 percent at $49.29 a barrel
• Spot gold trades marginally up 0.05 percent at $1258.39,
• ICE Sugar ended lower for a fifth straight session at 13.87, down 1.91 percent

Shanghai Exchange

• Steel trades higher for eight consecutive session; up 0.95 percent
• Aluminium trades higher; up 2.46 percent
• Zinc trades higher for fourth straight session; up 2.20 percent
• Copper trades up for fourth consecutive session; up 0.73 percent
• Rubber after gaining for three consecutive session, is now trading lower; down 0.16 percent

Indian ADRs

Earnings To Watch

No Nifty results today

Other Results Today

• JSPL
• Astrazeneca
• Bank Of India
• BILT
• Brigade Enterprises
• Century Textiles
• Chambal Fertilizers
• Future Retail
• Glaxosmithkline Consumer
• GTPL Hathway
• Johnson Controls Hitachi
• Kaveri Seed
• Muthoot Finance
• SRF
• Tata Chemicals
• Teamlease
• Thermax
• Abbott India
• Anant Raj
• Deepak Nitrite
• Dhampur Sugar Mills
• Meghmani Organics
• NCC
• Prism Cement

Results Announced

Results Announced

Tata Steel Q1 (YoY)

• Revenue up 19 percent to Rs 29,557 crore
• Consolidated volumes up 8.56 percent (YoY), but down 15 percent (QoQ) to 5.83 million tonnes
• EBITDA up 52 percent at Rs 4,974 crore
• Margins expanded to 17 percent vs 13 percent
• Reported profit stands at Rs 921 crore versus loss of Rs 3,183 crore

Goodricke Group Q1 (YoY)

• Net profit up 57.1 percent at Rs 22 crore
• Revenue up 23.9 percent at Rs 152 crore
• EBITDA up 65.5 percent at Rs 23 crore
• Margin at 15.1 percent from 11.3 percent

Grauer & Weil Q1 (YoY)

• Net profit down 5.9 percent at Rs 12.8 crore
• Revenue up 13.6 percent at Rs 117 crore
• EBITDA up 3.5 percent at Rs 21 crore
• Margin narrowed to 19.6 percent from 21.5 percent

Polaris Consulting (QoQ)

• Net profit down 9.1 percent at Rs 30 crore
• Revenue down 2.4 percent to Rs 555 crore
• EBITDA up 3.1 percent to Rs 46.5 crore
• Margin expanded to 8.4 percent from 7.9 percent

Nilkamal Ltd Q1 (YoY)

• Net profit down 30.4 percent at Rs 22 crore
• Revenue up 5.7 percent at Rs 524 crore
• EBITDA down 25.5 percent to Rs 43 crore
• Margin narrowed to 8.9 percent from 12.6 percent

Merck Ltd Q2 (YoY)

• Net profit down 11.9 percent at Rs 20 crore
• Revenue down 4 percent at Rs 266 crore
• EBITDA down 17.6 percent at Rs 28 crore
• Margin contracted to 10.8 percent from 12.7 percent

Saksoft (YoY)

• Net profit down 19.6 percent at Rs 4.5 crore
• Revenue up 1.6 percent at Rs 65 crore
• EBITDA down 19.4 percent to Rs 7.5 crore
• Margin narrowed to 11.5 percent from 14.5 percent

Stocks To Watch

• Hindalco subsidiary Novelis reports strong first quarter numbers and guidance
• Bharti Airtel to sell shares worth $421 million in Bharti Infratel
• Idea-Vodafone deal gets SEBI's conditional approval
• Two directors resign from the board of Natco Pharma
• GAIL seeks reworking of U.S. LNG price deal
• Dr Lal PathLabs to buy 70 percent stake in Bangladesh firm
• Karur Vysya Bank cuts MCLR by 5 basis points
• Cipla gets U.S. FDA nod for Nevirapine oral suspension
• Salasar Techno moved to B group with 20 percent circuit filter
• Dwarikesh Sugar circuit filter revised to 10 percent
• 162 scripts including Pincon, Prakash Inds, SQS BFSI moved to Graded Surveillance Measure

New Listing

• Sintex Plastics Technology shares to list today

Also Read: All You Need To Know About Sintex Water Tank Division's Listing

Bulk Deals

GPT Infraprojects

• Equity Intelligence bought 6.4 lakh shares (4 percent) at Rs 125.68 each
• EQ India Fund bought 2.4 lakh shares (2 percent) at Rs 125.74 each
• Nine Rivers Capital sold 20 lakh shares (14 percent) at Rs 125.68 each

HDIL

• Lord Abbett Securities Trust sold 30.68 lakh shares (0.7 percent) at Rs 71.78 each
• Societe Generale sold 25.32 lakh shares (0.6 percent) at Rs 70.92 each

Centrum

• Centrum ESPS Trust sold 94 lakh shares (2.3 percent) at Rs 45.69 each

Gokaldas Exports

• Seraphic Management & Advisory Pvt Ltd bought 2 lakh shares (0.6 percent) at Rs 95.99 each

Top Performers This Month (NSE 500)

• Hindustan Petroleum: Up 19.5 percent
• Indian Oil: Up 17.3 percent
• RCF: Up 17.1 percent
• Indiabulls Real Estate: Up 17.1 percent
• VIP Industries: Up 15.7 percent

Worst Performers This Month (NSE 500)

• HDIL: Down 20.2 percent
• SML Isuzu: Down 11.3 percent
• Hindustan Copper: Down 11.1 percent
• Ramco Systems: Down 10.6 percent
• Century Plyboards: Down 9.8 percent

Index Trends

F&O CUES

• Nifty futures premium moves to 34 points from 42 points earlier
• Nifty futures add 2.4 lakh shares in open interest
• Nifty range for August series in terms of open interest concentration between 10,000 to 10,200
• Maximum Call open interest shifts to 10,200 from 10,500
• Maximum Put open interest at 10,000 strike followed by 9,800 strike
• Open Interest addition seen on Call strikes 10,100 and 10,200
• Open Interest addition seen on Put strikes 10,000, 10,100

F&O Ban

• In ban: HDIL, Indiabulls Real Estate, India Cements, JP Associates, JSW Energy, Kaveri Seed, Wockhardt
• New in ban: None
• Out of ban: None
• Alert: No fresh positions can be taken stocks under F&O ban

PCR

• Nifty PCR moves to 1.25 from 1.27
• Nifty Bank PCR moves to 1.02 from 1.07
• Alert: A higher PCR indicates a bullish trend

Stocks Seeing High Open Interest Change

• Repco Homes sees open interest addition of 76 percent on short side
• Apollo Tyres sees open interest addition of 33 percent on long side
• Britannia sees open interest addition of 30 percent on long side
• Arvind sees open interest addition of 23 percent on long side
• Bharti Infratel sees open interest addition of 14 percent on short side
• Manappuram Finance sees open interest addition of 13 percent on long side
• Sun TV sees open interest addition of 12 percent on short side

Fund Flows

Brokerage Radar

On Tata Steel

CLSA

• Maintains Buy; target price hiked to Rs 800 from Rs 710
• Expect steel demand to improve in coming quarters led by GST de-stocking
• Evaluating plans for Orissa phase-2 expansion
• Raises FY18-20CL EPS by 3-16 percent
• Better pricing, increasing demand and de-risking in Europe positive

Morgan Stanley

• Maintains Overweight and target price at Rs 625
• Fall in EBITDA/tonne reflects lower than expected realisation and higher than expected costs
• Earnings momentum likely to improve in domestic business; remain flattish in Europe
• Coking coal cost to remain flattish; Upside risk to iron ore prices

Credit Suisse

• Maintains Outperform; target price hiked to Rs 720 from Rs 650
• EBITDA estimates rise on the back of higher realisations forecasts and volume in Europe
• CAPEX of Rs 1,500 crore of Rs 7,000 crore done in Q1FY18
• Payment of £550 million settlement would remove risk

JPMorgan on Britannia

• Maintains Overweight and target price of Rs 3,650
• Q1FY18 results delivers better-than-expected revenue performance
• Overseas business impacted by macro/currency challenges in the Middle East and Africa
• Direct reach coupled with rural agenda aided growth and helped to sustain market share
• Dairy business posted subdued growth due to reduce exposure towards less profitable products

Nomura on Britannia

• Maintains Buy; target price hiked to Rs 4,760 from Rs 3,853
• Domestic business volumes grew 3 percent ahead of estimates
• EBITDA margin were largely flattish due to strong cost control
• Britannia to be one of the key beneficiaries of an impending recovery in consumer sentiment
• Expect growth to improve in second half FY18 due to normal monsoons, pickup in rural demand and the upcoming festive season
• Expect revenue/margins to grow by 15 percent/80 basis points in FY18

Nomura on Amara Raja Batteries

• Maintains Buy and target price of Rs 1,009
• Market share to rise on the back of automotive segment and new opportunities in industrial segment
• Factoring in 9 percent growth in the industrial segment over FY17-19F
• Margins to bounce back, as in the past, given lead prices remain lower than 4QFY17 levels

Deutsche Bank on Whirlpool India

• Maintains Hold rating with target price of Rs 1,020
• Strong volume growth, offset by discounts and commodities inflation
• EPS to grow at a CAGR of 21 percent over FY17-20E
• Deployment of cash at sub-optimal returns to drag return on equity

IIFL initiates coverage on L&T Infotech

• Buy rating with target price of Rs 920; potential upside of 18 percent
• Company to deliver 10 percent/9 percent revenue/EPS CAGR over FY17-20
• Execution of large deal wins, steady growth in top-20 accounts and, stable margins to deliver growth
• Re-rating as superior execution would lead to continuous earnings upgrade cycle
• Key risks: client concentration and delay in large deal ramp up

Ventura Securities initiates coverage on Sintex Plastics

• Buy rating with target price of Rs 196 over the next 24 months
• Revenue/EBITDA/profit to grow at 10.2 percent/14 percent/19.3 percent CAGR by FY20
• Margins to expand by 190 basis points to 19.3 percent in FY20
• Total debt to reduce by Rs 558 crore by FY20
• Return ratios are bottomed-out and expect recovery by FY20
• Expect stable growth in the industrial custom moulding, high growth rate in retail custom moulding and turnaround in the pre-fab business

Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.