Stocks To Watch: Adani Enterprises, OBC, SPARC, Zee Entertainment

• SPARC said that it didn't reach statistical significance for Baclofen GRS studies
  
• Adani to demerge its renewable power business to associate company Adani Green Energy
  
• RBI puts Oriental Bank of Commerce under Prompt Corrective Action in view of high net NPAs
  
• Zee Entertainment to acquire 100 percent stake in 9XM and INX for Rs 160 crore
  
• Tech Mahindra filed insolvency petition against Reliance Communications for pending dues of Rs 8.2 crore
  

The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index's performance in India, fell 0.45 percent to 9,975 as of 7:30 a.m.

All you need to know going into trade this Monday. https://t.co/xAEndlF4lk pic.twitter.com/ziWKdEGBCV

October 9, 2017

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

Reliance Industries

• To sell Pennsylvania upstream assets for $126 million to BKV Chelsea
• Deal likely to close by end of third quarter of financial year 2017-18

• Oriental Bank of Commerce: RBI has put the bank under Prompt Corrective Action in view of high net non-performing assets
• Jaiprakash Associates: Company to demerge some of its assets to a wholly-owned subsidiary along with a debt of Rs 11,834 crore
• SPARC: Said it didn't reach statistical significance for Baclofen GRS studies
• Zee Entertainment: To acquire 100 percent stake in 9XM and INX for Rs 160 crore
• Adani Enterprises: To demerge its renewable power business to associate company Adani Green Energy
• Shilpa Medicare: Gets the U.S. FDA EIR for Telangana facility
• Mindtree: Board approves Scheme of amalgamation of Magnet 360, LLC with self; subject to necessary approvals from NCLT
• Arrow Greentech: Received patent rights from European Patent Authorities
• SPML Infra: Completed installation of 220 KV GIS substation at Alipurduar, West Bengal
• Cadila Healthcare: Gets final approval from the U.S. FDA for Dutasteride Capsules
• Texmo Pipes and Products: Issued 12 lakh equity shares for Rs 22 each to Promoters Shree Padmavati Irrigation Pvt. Ltd.
• Shoppers Stop: Sold its entire stake in duty free airport retail business for Rs 6 crore to Nuance Group AG, Switzerland
• Apollo Tyres: To allot 6.3 crore equity shares at Rs 238 each via QIP
• TCS: Clarified that there has been no impact of the purported data breach
• Gujarat Alkalies and Chemicals: Said CCI imposed a penalty of Rs 1.88 crore
• Lovable Lingerie: To buy back 20 lakh shares at a price of Rs 250 each
• Repro India: Approved fundraising by issuing shares or warrants to investors other than promoters worth Rs 80 crore

Here's a line up of all major corporate/investor meetings over the next few days.https://t.co/xAEndlF4lk pic.twitter.com/Gh3K3xoxYD

October 9, 2017

Other Corporate Announcements

• Goa Carbon: Sold 22,419.718 MT of calcined petroleum coke for September, up 7.5 percent from August
• Jay Bharat Maruti: IT raids at several premises of Jai Bharat Maruti Group across national capital region
• India Glycols: Formed a committee to evaluate options for sale of its subsidiary Shakumbari Sugar and Allied Industries
• JMC Projects: Subsidiary wins an arbitration award of Rs 42.26 crore
• VA Tech Wabag: Company has filed an appeal with the National Company Law Appellate Tribunal against the order passed by NCLT for initiation of corporate insolvency resolution process
• Motherson Sumi Systems: PKC has now become a wholly-owned indirect subsidiary
• Bank of Maharashtra: Marginal cost of lending rate (MCLR) unchanged
• Reliance Communications: Tech Mahindra filed insolvency petition against the company and two of its subsidiaries for total pending dues of Rs 8.2 crore
• Punjab & Sind Bank: Lowers one year MCLR by 10 basis points to 8.45 percent
• Apex Frozen Foods: Apex Frozen Foods, Bombay Dyeing, Graphite India and HFCL's circuit filter revised to 5 percent
• AB Money: AB Money, Castex Technologies, HEG, Pincon Spirits, Religare Enterprises, Shalimar Paints and Ramky Infra's circuit filter revised to 10 percent
• Reliance Home Finance: Shifted to Group B, with circuit filter revised to 20 percent
• Heritage Foods: Last trading day before stock split from Rs10 to Rs5 per share
• Majestic Research: Last trading day before 1:1 bonus

Over her 4-year tenure Arundhati Bhattacharya became the face not just of SBI but of Indian banking.https://t.co/q03SSlmyB6 pic.twitter.com/nttkxDMw6E

October 8, 2017

IPO Watch

• MAS Financial Services: IPO Day 2, Issue subscribed 1.06 times on Day 1
• Indian Energy Exchange: IPO opens with Issue price of Rs 1645-Rs 1650
• Godrej Agrovet: IPO subscribed 95.1 times at the end of IPO

Indian Energy Exchange IPO: All you need to know, reports @jayeshkhilnani https://t.co/jj1k1G5WlW pic.twitter.com/0TAFdNsMAl

October 9, 2017

F&O Setup

• Nifty October Futures closed with a premium of 23.7 points versus 20 points at 10,003.4
• October Futures-Nifty Open Interest unchanged, Bank Nifty Open Interest down 7 percent
• India VIX closed lower by 5 percent at 11.1
• Octobwe series highest Call base at 10,000 (Open Interest at 40.8 lakh, down 15 percent)
• October series highest Put base at 9,800 (Open Interest at 53.6 lakh, Open Interest up 15 percent)
• October call strikes 9900, 10,000 see Open Interest unwinding
• October put strikes 9800, 9900 and 10,000 see Open Interest addition

Here's a quick look at corporate insider trades on Friday.https://t.co/xAEndlF4lk pic.twitter.com/MPAohvmGY2

October 9, 2017

Active Stock Futures

• Granules sees Open Interest addition of 18 percent on long side
• GAIL sees Open Interest addition of 16 percent on long side
• Tata Steel sees Open Interest addition of 11 percent on long side
• Reliance Cap sees Open Interest addition of 10 percent on short side
• Strides Shashun sees Open Interest addition of 9 percent on short side
• South Indian Bank sees Open Interest addition of 9 percent on long side
• ACC sees Open Interest shedding of 13 percent, short covering seen

F&O Ban

• Bharat Earth Movers
• DHFL
• Indiabulls Real Estate
• JP Associates
• JSW Energy

India's record year for initial public offerings so far hasn't made the companies richer.https://t.co/Exvz6peZ24 pic.twitter.com/i5CisnSy3J

October 9, 2017

Bulk Deals

• Granules India: Morgan Stanley (France) SA sold 17.67 lakh shares or 0.77 percent stake at Rs 119.37 each
• Easun Reyrolle Relays: Dhunseri Petrochem sold 2 lakh shares or 0.65 percent stake at Rs 17.45 each

PG Electroplast

• Alok Knit Exports sold its entire 1.75 percent stake of 2.86 lakh shares at Rs 325.05 each
• Real Marketing Pvt. Ltd. bought 2.30 lakh shares or 1.4 percent stake at Rs 400.78 each

We stay overweight on sectors like metals, energy and IT, says Credit Suisse's Neelkanth Mishra. pic.twitter.com/JEwrHjE2rS

October 9, 2017

Brokerage Radar

M&M Finance

• Citi maintained ‘Buy' on the stock with price target of Rs 500
• Nomura maintained its ‘Neutral' rating with price target hiked to Rs 460 from Rs 360

• Bharti Airtel: Credit Suisse Citi maintained ‘Underperform' on the stock with price target of Rs 320
• Godrej Consumer: Nomura upgraded stock to ‘Neutral' from ‘Reduce' with price target hiked to Rs 990 from Rs 945

Zee Entertainment

• UBS maintained its ‘Neutral' stance on the stock with price target of Rs 580
• Macquarie maintained ‘Outperform' on the stock with price target of Rs 615
• IDFC Securities maintained its ‘Outperform' rating with price target of Rs 570

Fuel dealers to go on strike on October 13 to press for inclusion of petroleum products in #GST.https://t.co/c4KG0YDunh pic.twitter.com/emRYMaYcrh

October 8, 2017

Media Reports

• SAIL: Signs pact with multinational steel-making company POSCO. (Business Standard)
• Adani Enterprises: Adani's Australia project hits protest wave. (Business Standard)
• Tata Teleservices: Drawing up an exit plan for its 50,000 employees. (Economic Times)
• GTL Infrastructure: Lenders try to block Reliance Capital arm's attempt to buy the company. (Economic Times)
• Reliance Industries: Government wins arbitration case over RIL penalty. (Economic Times)
• L&T: The Supreme Court directs Punjab State Power to refund Rs 1,100 crore to L&T power unit. (Economic Times)
• Ultratech Cement: Files petition against HCC's Lavasa unit. (Financial Express)
• Jaiprakash Associates: Board approves debt restructuring. (Financial Express)
• Mahindra & Mahindra: M&M-Ford in talks to share Sedan platform, Electric Vehicles technology. (Mint)
• IDBI Bank: Nabard buys 7 percent more in SIDBI from IDBI Bank for Rs 900 crore. (Mint)

Days after collapse of Aircel merger, insolvency petition filed against RCom.https://t.co/D8GruOuWq7

October 8, 2017

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