Stocks To Watch: Aditya Birla Capital, Avenue Supermarts, Hero MotoCorp, Tata Motors

• Jaguar Land Rover said to scout for luxury brand acquisitions
• IFCI approves sale of 0.86 percent stake in NSE to investors
• GAIL plans to set up petrochemical complex in Andhra Pradesh
  
• RBI says FII investment in JSW Holdings reached trigger limit
  
• Aditya Birla Capital receives in-principle nod from RBI to set up an
  asset reconstruction company
  
• Lupin gets the U.S. FDA nod for Clobetasol propionate topical lotion

The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index's performance in India, fell 0.15 percent to 9,868 as of 7:30 am.

All you need to know going into trade today.https://t.co/6YQ6AAOpBv pic.twitter.com/3guB1DuP0V

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

• Tata Motors: Jaguar Land Rover is said to scout for luxury brand acquisitions (Bloomberg)
• Indian Oil Corp: Board clears Rs 27,000 crore refinery of its Chennai Petroleum unit
• DS Kulkarni: To consider financial restructuring on October 3
• IFCI: Approves sale of 0.86 percent stake in NSE to investors
• IDBI Bank: Says it sold 1 percent stake in SIDBI on Friday
• Chennai Petroleum: To set up new 9 mmtpa refinery at Nagapattinam
• GAIL: Plans to set up petrochemical complex in Andhra Pradesh (PTI)
• JSW Holdings: RBI says that foreign institutional investors investment in the company has reached trigger limit
• GE Shipping: Takes delivery of second hand medium gas carrier, fleet size increased to 47 vessels
• Aditya Birla Capital: Receives in-principle approval from RBI to set up an ARC
• Sutlej Textiles: Ex-date for stock split from Rs 10 to Re1 per share
• Manpasand Beverages: Last trading day before 1:1 bonus
• MOIL: Last trading day before 1:1 bonus
• Lupin: Gets the U.S. FDA nod for Clobetasol propionate topical lotion

Flipkart beats Amazon in India's biggest-ever online sale, reports @nsd308.https://t.co/qVeWou18hl pic.twitter.com/3gDVnsBZ1b

Other Corporate Announcements

Justdial

• Completes buyback of 22.41 lakh shares
• Post buyback, the number of equity shares reduced to 6.73 crore

• Manugraph India: Employees' union calls off strike post negotiation with management
• Godrej Properties: To raise Rs 500 crore via issue of non-convertible debentures
• Shilpi Cables: Holding of BDR Builders and Developers along with their PACs stood at 23.38 percent as of September 22
• The Sirpur Paper Mills: National Company Law Tribunal's Hyderabad Bench admitted the applications filed by the creditors for initiation of corporate insolvency resolution process
• JK Paper: Disruption in production process at Orissa unit due to stoppage of water supply by some local villagers
• JM Financial: Shareholders approve Board of directors to borrow money up to Rs 5,000 crore
• Swaraj Automotives: Two day offer for sale starts today
• Ess Dee Aluminium: Chairman Sudip Dutta granted bail
• TV Today: Circuit filter revised to 10 percent

IPO Watch

• Prataap Snacks IPO Day 3. The issue was subscribed 2.18 times at end of Day 2
• Godrej Agrovet IPO price band at Rs 450 - 460 per share

SBI eases minimum balance rules on savings accounts.https://t.co/RHm5s0aIb5 pic.twitter.com/FF3H9hdgVs

Today's Nifty Call

F&O Setup

• Nifty September Futures closed with a premium of 6 points from 18.5 points
• Nifty October Futures trading with a premium of 39 points at 9911.7
• Rollover: Nifty at 20 percent, Bank Nifty at 19 percent
• Nifty Futures open interest across series up 4 percent & Bank Nifty up 0.1 percent
• India VIX closed higher by 4.1 percent at 13.3
• September series highest Call base shifts to 10,000 from 10,200 (open interest at 64.4 lakh shares, up 55 percent)
• September series highest Put base shifts to 9700 from 9,900 (open interest at 39.2 lakh shares, up 16 percent)
• Call strikes at 9900, 9950, 10,000 saw open interest addition
• Put strikes 9900, 10,000 sees open interest unwinding, addition seen for 9700 & 9800

Active Stock Futures

• Adani Power saw open interest addition of 17 percent on long side
• JPA saw open interest addition of 16 percent on short side
• UBL saw open interest addition of 15 percent on long side
• Chennai Petro saw open interest addition of 11 percent on short side
• Ambuja saw open interest addition of 10 percent on short side
• Andhra Bank saw open interest addition of 6 percent on long side
• Infibeam saw open interest shedding of 16 percent, long unwinding seen
• India Cement saw open interest shedding of 10 percent, long unwinding seen

F&O Ban

• Bharat Earth Movers
• DLF
• Indiabulls Real Estate
• Indo Count Industries
• Infibeam
• JSW Energy
• Reliance Communications
• Reliance Capital

Bulk Deals

J K Lakshmi Cement

• Goldman Sachs India Fund Sold 13.64 lakh shares or 1.16 percent stake at Rs 387.5 each
• Templeton mutual fund bought 10.93 lakh shares or 0.93 percent shares at Rs 387.5 each

Tv Today Network Ltd

• Kotak Mahindra International Ltd bought 4.25 lakh shares or 0.7 percent stake at Rs 392.21 each

Dena Bank

• LIC acquired 4.48 crore shares or 4.5 percent stake in the bank
• Post acquisition, the holding increased to 14.25 percent

Banks can't hold more than 10% stake in deposit taking NBFCs, says RBI.@visshy_it reports.https://t.co/fLJ2sz5PN3 pic.twitter.com/AvOo3Yrwlk

Brokerage Radar

• Coal India: Nomura maintained its ‘Neutral' stance with price target cut to Rs 260 from Rs 320
• Hero Motocorp: UBS upgraded stock rating to ‘Buy' from ‘Sell' and hiked price target to Rs 4,750 from Rs 3,100
• Adani Transmission: Edelweiss initiated coverage on the stock with a ‘Buy' rating and price target of Rs 154
• Century Plyboards: IIFL maintained ‘Buy' on the stock with price target of Rs 330
• HUL: IIFL retained ‘Buy' rating with price target hiked to Rs 1,270 from Rs 1,225
• L&T: Credit Suisse maintained ‘Outperform' on the stock with price target of Rs 1,425
• Sadbhav Engineering: Credit Suisse reiterated ‘Outperform' on the stock with price target of Rs 360
• Dilip Buildcon: Credit Suisse maintained ‘Outperform' on the stock with price target of Rs 650
• L&T Infotech: Macquarie maintained an ‘Outperform' on the stock with price target of Rs 920
• Titan: Deutsche Bank maintained a ‘Buy' on the stock with price target of Rs 625
• Phoenix Mills: HSBC retained a ‘Buy' rating on the stock with price target of Rs 580

Modi forms an economic advisory council as the government mulls options to revive growth.https://t.co/kHNPAuot9H pic.twitter.com/veDCIJqHV4

Goldman Sachs On Avenue Supermarts

• Initiate coverage with Buy, Target of Rs 1586; add to conviction list
• Benefit from tax reforms as grocery market share shifts to the organized sector
• Set to grow EBIT by 13x in 10 years, aided by this high growth, low margin and high return strategy
• Valuation is full as 65x FY19 PE but does not factor growth, business model

3 Reasons For Conviction List Addition

• Profitable supermarket chain
• Beneficiary of recent government reforms
• Winning the online wallet

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