Stocks To Watch: Axis Bank, Akzo Nobel, Ashok Leyland, Bharti Airtel, IOB

• Sun Pharmaceutical's subsidiary Taro Pharma reported a strong performance during the previous quarter.
  Axis Bank board to meet on November 10 to consider raising funds.
• Three Pillars Pte. to sell up to 19.99 crore shares of Bharti Airtel in the range of Rs 473-480 per share.

• Akzo Nobel to divest India's specialty chemical business, likely to garner for Rs 320 crore.

Indian equity benchmarks fell most in over a month on Tuesday, dragged by losses in pharma and energy shares. The S&P BSE Sensex fell 1.07 percent to 33,370.76 and the NSE Nifty 50 Index declined 0.97 percent to 10,350.

The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index's performance in India, fell 0.11 percent to 10,399 as of 7:00 a.m today.

All you need to know going into trade today.https://t.co/HmdFqjwH9p pic.twitter.com/LLa8wT4gDq

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

• Sun Pharmaceutical's subsidiary Taro Pharma reported a strong performance during the previous quarter.
• Axis Bank: Board to meet on November 10 to consider raising funds
• Three Pillars PTE: To sell up to 19.99 crore shares of Bharti Airtel in the range of Rs 473-480 per share
• Adlabs: To sell Novotel Imagica Khopoli Hotel for Rs 213 crore to Bright Star. It will also sell Walkwater stake to Blue Haven for Rs 150 crore.
• Indoco Remedies: To resume manufacturing of ophthalmic products at Goa unit II
• Akzo Nobel: To divest India's specialty chemical business, likely to garner for Rs 320 crore
• JSW Energy: Got an order to supply 200 MW power to Karnataka from November 8 - May 31
• DCM Shriram: To invest around Rs 500 crore in sugar business to increase overall capacity

Holders of RCom's dollar bonds got unnerved while the folks who should really be rattled are lenders. (Via @gadfly)https://t.co/lkADnoUz1u pic.twitter.com/kY89WPBNia

IPO Watch

HDFC Standard Life Insurance IPO continues on day 2. The issue was subscribed 0.46 times on day 1.

HDFC Standard Life IPO subscribed 44% on the first day of bidding.https://t.co/TLJiZgI0af pic.twitter.com/DQORJ5HTzq

F&O Setup

• Nifty November futures closed at 10,409.9, premium of 59.9 points from 37.7 points
• November contracts: Nifty open interest down 5 percent; Bank Nifty open interest down 1 percent
• India VIX closed 1.6 percent higher at 13.2
• Max open interest for November series at 10,500 Call (open interest at 41.9 lakh, up 28 percent)
• Max open interest for November series at 10,000 Put (open interest at 56.7 lakh, down 9 percent)

F&O Ban

• In ban: DHFL, HDIL , Indiabulls Real Estate, India Cement, Infibeam, JSW Energy, Reliance Communication, Wockhardt
• New in ban: India Cement

Only intraday positions can be taken in stocks which are in F&O ban. In case of a rollover of these intraday positions, there is a penalty

Active Stock Futures

Qatar Foundation plans to sell its 5% stake in Bharti Airtel for about $1.46 billion@aantony12 @crystalttc @msergiehttps://t.co/JZF5m5uxin

Bulk Deals

• Small Cap World Fund bought 1.02 crore shares or 3.8 percent stake at Rs 279.2 each (average)
• Rekha Rakesh Jhunjhunwala sold 25 lakh shares or 0.9 percent stake at Rs 280.35 each
• Aarti J Mody Trust sold 18.2 lakh shares or 0.7 percent stake at Rs 280.4 each
• Anjali J Mody Trust sold 18.2 lakh shares or 0.7 percent stake at Rs 280.37 each

Aro Granite

• Dilipkumar Lakhi bought 82,848 shares or 0.5 percent stake at Rs 67.16 each

Greenlam Industries

• Dovetail India Fund bought 2.08 lakh shares or 0.9 percent stake at Rs 998 each
• Morgan Stanley Mauritius sold 2.03 lakh shares or 0.8 percent stake at Rs 998 each

MPS

• ICICI Lombard General Insurance bought 6.33 lakh shares or 3.4 percent stake at Rs 585 each
• Goldman Sachs India Fund sold 6.33 lakh shares or 3.4 percent stake at Rs 585.01 each

PDS Multinational

• EQ India Fund bought 1.45 lakh shares or 0.6 percent stake at Rs 235.08 each=

Selan Exploration

• KIFS Enterprises bought 1 lakh shares or 0.6 percent stake at Rs 256.96 each

Veto Switchgear

• Promoter Veto Electropowers India sold 2.50 lakh shares or 1.4 percent stake at Rs 210 each

Ajmera Realty

• Promoter Shashikant S Ajmera bought 2.56 lakh shares or 0.7 percent stake at Rs 293.79 each
• Shashikant S. Ajmera HUF sold 2.56 lakh shares or 0.7 percent stake at Rs 293.81 each

India's banks adopt the extend and pretend position. ( via @gadfly)https://t.co/lkADnpcaq4 pic.twitter.com/Yp8pq28fhh

Earnings Reactions To Watch

Dhampur Sugar (Q2, YoY)

• Revenue up 15 percent at Rs 802 crore
• Net profit up 62 percent at Rs 60 crore
• EBITDA up 14 percent at Rs 121 crore
• Margin at 15.1 percent versus 15.2 percent

Johnson Controls-Hitachi Air Conditioning India (Q2, YoY)

• Revenue up 11 percent at Rs 317 crore
• Net loss of Rs 0.2 crore from loss of Rs 5.6 crore
• EBITDA at Rs 9.5 crore versus EBITDA loss of Rs 2 crore
• Margin at 3 percent versus -0.7 percent

HealthCare Global Enterprises Ltd (Q2, YoY)

• Revenue up 21 percent at Rs 211 crore
• Net profit doubled to Rs 10 crore
• EBITDA up 26 percent at Rs 31.5 crore
• Margin at 14.9 percent versus 14.4 percent

Butterfly Gandhimathi Appliances (Q2, YoY)

• Revenue up 29.7 percent at Rs 201 crore
• Net profit at Rs 11.5 crore
• EBITDA at Rs 17 crore
• Margin at 8.45 percent versus 5.8 percent

L&T Technology Services Ltd (Q2, QoQ)

• Revenue up 9.5 percent at Rs 901 crore
• Net profit up 25.5 percent at Rs 12.3 crore
• EBIT up 10 percent at Rs 138 crore
• Margin at 15.3 percent versus 15.2 percent

Essel Propack (Q2, YoY)

• Revenue up 11.6 percent at Rs 640 crore
• Net profit down 26 percent at Rs 52.5 crore
• EBITDA up 20.5 percent at Rs 132.5 crore
• Margin at 20.7 percent versus 19.2 percent

DCM Shriram (Q2, YoY)

• Revenue up 17.5 percent at Rs 1,605 crore
• Net profit up 88 percent at Rs 172 crore
• EBITDA up 138.5 percent at Rs 291 crore
• Margin at 18.1 percent versus 8.9 percent

Indian Overseas Bank (Q2, YoY)

• Net interest income up 18.3 percent at Rs 1520.4 crore
• Net loss of Rs 1,222 crore versus loss of Rs 765 crore
• Gross NPA at 22.73 percent versus 23.6 percent (QoQ)
• Net NPA at 13.86 percent versus 14.9 percent (QoQ)

#Q2WithBQ | Public sector lender IOB posts loss as provisions against bad loans increased.https://t.co/vf7o2zNlxP

Liberty Shoes (Q2, YoY)

• Revenue up 17 percent at Rs 126 crore
• Net profit down 35 percent at Rs 1.1 crore
• EBITDA up 4 percent at Rs 9.6 crore
• Margin at 7.6 percent versus 8.5 percent

Glaxo Consumer (Q2, YoY)

• Revenue up 3 percent at Rs 1,115 crore
• Net profit up 4 percent at Rs 192 crore
• EBITDA up 6.5 percent at Rs 261.6 crore
• Margin at 23.5 percent versus 22.7 percent

Himatsingka Seide (Q2, YoY)

• Revenue up 10 percent at Rs 578.5 crore
• Net profit up 10 percent at Rs 50.6 crore
• EBITDA up 9 percent at Rs 99.5 crore
• Margin at 17.2 percent versus 17.3 percent

Filatex India (Q2, YoY)

• Revenue up 8 percent at Rs 414.5 crore
• Net profit up 12.5 percent at Rs 13.5 crore
• EBITDA up 6 percent at Rs 36 crore
• Margin at 8.7 percent versus 8.9 percent

Monte Carlo (Q2, YoY)

• Revenue up 12 percent at Rs 138 crore
• Net profit up 15.55 percent at Rs 15.6 crore
• EBITDA up 8 percent at Rs 26 crore
• Margin at 18.8 percent versus 19.5 percent

Dalmia Bharat (Q2, YoY)

• Revenue up 7 percent at Rs 1834 crore
• Net profit up 235.5 percent at Rs 104 crore
• EBITDA up 5 percent at Rs 442 crore
• Margin at 24.1 percent versus 24.6 percent

Huhtamaki PPL (Q2, YoY)

• Revenue down 2 percent at Rs 546 crore
• Net profit up 15 percent at Rs 19 crore
• EBITDA up 11 percent at Rs 62 crore
• Margin at 11.35 percent versus 10 percent

Jindal Saw (Q2, YoY)

• Revenue down 0.75 percent at Rs 13.2 crore
• Net profit up 20 percent at Rs 0.6 crore
• EBITDA down 12.5 percent at Rs 2.1 crore
• Margin at 15.9 percent versus 18.0 percent

Hindusthan National Glass (Q2, YoY)

• Revenue up 7 percent at Rs 431 crore
• Net loss of Rs 71 crore versus profit of Rs 38 crore
• EBITDA down 32 percent at Rs 32 crore
• Margin at 7.4 percent versus 11.7 percent

Adlabs Entertainment (Q2, YoY)

• Revenue down 2.7 percent at Rs 36 crore
• Net loss of Rs 57 crore versus loss of Rs 44 crore
• EBITDA loss at Rs 2 crore
• Margin at -5.6 percent versus 2.7 percent

Finolex Cables (Q2, YoY)

• Revenue up 24.9 percent at Rs 702 crore
• Net profit down 5 percent at Rs 100 crore
• EBITDA down 0.5 percent at Rs 98.5 crore
• Margin at 14.0 percent versus 17.6 percent

Manappuram Finance (Q2, YoY)

• Net interest income up 6.9 percent at Rs 528 crore
• Net profit down 5.3 percent at Rs 170.2 crore

Tata Coffee (Q2, YoY)

• Revenue up 4 percent at Rs 382 crore
• Net profit down 23 percent at Rs 23 crore
• EBITDA down 15.5 percent at Rs 71 crore
• Margin at 18.6 percent versus 22.88 percent

RSWM (Q2, YoY)

• Revenue down 7.7 percent at Rs 686 crore
• Net loss of Rs 2.5 crore versus profit of Rs 27 crore
• EBITDA down 47 percent at Rs 49 crore
• Margin at 7.1 percent versus 12.5 percent

Results Today

• Arvind
• Ashok Leyland
• Balkrishna Industries
• Bharat Forge
• Bombay Dyeing
• CESC
• Chennai Petroleum
• Future Consumer
• IRB Infrastructure
• Mahanagar Gas
• Mas Financial
• Petronet LNG
• Pidilite Industries
• Shree Cement
• Thermax
• Va Tech Wabag
• Voltas
• Welspun India

As Indian stock markets breach record highs, investor appetite for risk remains unabated.https://t.co/PU2rJWqT4g pic.twitter.com/0sGtfTGheZ

Brokerage Radar

• UBS on Emami: Maintained ‘Buy'; hiked price target to Rs 1,500 from Rs 1,300.
• CLSA on L&T Technology: Maintained ‘Buy'; hiked price target to Rs 980 from Rs 950.

Morgan Stanley on Banks

• Axis: Maintained ‘Overweight'; hiked price target to Rs 630 from Rs 555.
• ICICI: Maintained ‘Overweight'; hiked price target to Rs 365 from Rs 345.
• SBI: Maintained ‘Overweight'; hiked price target to Rs 370 from Rs 360.

Brokerages on Lupin

• CLSA: Maintained ‘Buy'; Cut price target to Rs 1,030 from Rs 1,260.
• Credit Suisse: Upgraded to ‘Neutral' from ‘Underperform'; Cut price target to Rs 875 from Rs 900.
• Morgan Stanley: Downgraded to ‘Equalweight' from ‘Overweight'; Cut price target to Rs 847 from Rs 1,219.

Brokerages on Cipla

• CLSA: Maintained ‘Buy'; hiked price target to Rs 730 from Rs 655.
• Credit Suisse: Maintained ‘Outperform'; hiked price target to Rs 700 from Rs 600.

Brokerages on BHEL

• UBS: Maintained ‘Sell' with price target of Rs 49.
• Macquarie: Maintained ‘Underperform' with price target of Rs 72.

Tata Motors cuts debt costs with first offshore loan in 2 years.https://t.co/ppeVtTgL1E pic.twitter.com/8ZB9ZvO69b

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