Stocks To Watch: ACC, HDFC Bank, Max Financial Services, Vedanta

The Singapore traded SGX Nifty, an early indicator of Nifty's performance in India, gained 0.15 percent to 9,172.

Your Friday morning briefing.https://t.co/BkjSKooTjo pic.twitter.com/mFAI3hLVvn

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

Vedanta

• Company's smelter unit in Odisha has been affected due to outage earlier this week.
• Power plant in Punjab caught fire resulting in a shutdown for 60 days

• Reliance Industries: Commissioned Para-xylene (PX) phase 2. It is now the second largest producer of Para-xylene in the world
• State Bank of India: To redeem medium-term notes worth $400 million on May 15, 2017
• Kamdhenu: Approves allotment of three million warrants convertible into equity shares to the promoters. Will raise close to Rs 29 crore at current market price
• CG Power and Industrial Solutions: Birla Mutual Fund bought 0.9 percent stake in the company.
• Kamat Hotels: Clearwater Capital Partners (Cyprus) sold 17 percent stake in the last four trading sessions. It now has 3.7 percent stake remaining
• Radico Khaitan: Madhuri, wife of Madhusudan Kela, buys 7 lakh shares at Rs 117 per share
• Gammon India: NCLT approves the scheme of arrangement with Transrail Lighting Ltd.

"Wonder material'' expected to be a $4.7 billion global business.https://t.co/nNIt4ERcx9

Media Reports

• Wipro: Sacked almost 500 people after yearly review. (Business Standard)
• Hathway Cables: Plans to invest Rs 1,000 crore in 3 years. (Business Standard)
• Indian Hotels: Raised Rs 200 crore via NCDs. (Business Standard)
• Reliance Defence: Gets approval for exiting CDR and refinancing scheme. (Business Standard)
• Max Financial: Goldman Sachs to $123 million stake via block deal. (Financial Express)
• Future Consumer: To list its private labels on Amazon and Big Basket to achieve its aim of sales worth Rs 20,000 crore from its own brands by 2021. (Economic Times)
• NALCO: Retail OFS portion subscribed 3.17 times. (PTI)

How does the note ban affect the cement industry? https://t.co/9KFyH3BV9d

Earnings Post Market Hours

Mindtree

• Net profit fell 5.7 percent to Rs 97.2 crore from Rs 103.1 crore sequentially
• Saw a loss of Rs 228 crore in foreign exchange compared to a profit of Rs 32 crore last quarter
• EBIT margin grew to 10.62 percent from 9.88 percent

The IT firm saw a Rs 228 crore loss in foreign exchange.https://t.co/pGpHSnyliU

Diamond Power Infra

• Q4 losses widen to Rs 317 crore from Rs 204 crore year-on-year
• Revenue fell 73 percent to Rs 196 crore from Rs 729 crore during the last year

Lloyd Steel Industries

• Saw a profit of Rs 1.5 crore during the January-March quarter
• Revenues drop 5.6 percent to Rs 37.05 crore from Rs 39.26 crore year-on-year

Brokerage Calls

• Hindustan Zinc: Cut to 'Underperform' at IDFC Securities
• IndusInd Bank: Cut to 'Accumulate' at Dolat Capital Markets
• ITD Cementation: Raised to 'Buy' at Emkay Shares
• Jyothy Labs: Cut to 'Hold' at Sharekhan
• Mindtree: Raised to 'Neutral' at Credit Suisse, Price Target of Rs 450
• Yes Bank: Cut to 'Reduce' at Asian Markets

Patanjali aims to double market share in the food processing segment. @krishanu90 reports.https://t.co/utfrB7GbTv pic.twitter.com/Znma5J0ZAI

Earnings To Watch Today

• HDFC Bank
• ACC
• Timplate Company of India
• Tata Metaliks
• FAD Bearings India

When buying ‘sell' stocks would have given you better returns, reports @SagarSalvi.https://t.co/kx0B8BnvUv pic.twitter.com/mXEcbSDTNL

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.