Stocks To Watch: Alkem Labs, Cadila Healthcare, DCB Bank, M&M

• Cadila Healthcare gets tentative approval from U.S. FDA
  
• LIC divests stake in Bank of Baroda, M&M
  
• No Form 483 for Alkem Labs' Taloja facility
  
• Indraprastha Gas to lay city gas distribution in Gurugram
  
• DCB Bank, Karnataka Bank see increase in Q1 net profit. Asset quality sees marginal uptick
  

The Singapore traded SGX Nifty, an early indicator of Nifty's performance in India gained 0.48 percent to 9,952.

All you need to know going into Monday's trade. @darshanvmehta1 reportshttps://t.co/6VxK5GpEbA pic.twitter.com/bJGOE8oX5H

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

• Cadila Healthcare: Received tentative approval from the U.S. FDA to market Fingolimod capsules used for treatment of multiple sclerosis
• Alkem Labs: U.S. FDA completes inspections of its Taloja facility. No Form 483 issued
• Indraprastha Gas: Received permission from Government of Haryana to lay city gas distribution network in Gurugram
• Shreyas Shipping & Logistics: Signed a memorandum of agreement for acquisition of 1100 teus multipurpose vessel. Delivery expected in early September, 2017
• SBI: Filed insolvency plea against Adhunik Metalinks in National Company Law Tribunal.

M&M

• LIC divests 2 percent stake
• Sold over 1.2 crore shares through market sale
• Total holding now reduced to 9.95 percent

Bank Of Baroda

• LIC divests 2.04 percent stake
• Sold over 4.7 crore shares in the open market
• Total holding now reduced to 9.28 percent

Suzlon

• U.S. Subsidiarya ‘Suzlon Energia Eolica Da Brasi' files for voluntary liquidation in Brazil
• Decision taken in wake of continued financial stress in its operations

ICICI Bank

• ICICI Lombard Insurance files DRHP with SEBI
• To offer up to 8.62 crore shares via IPO

Number of Public Sector Banks may fall to 12 as government mulls a consolidation agenda.https://t.co/GpzNFc4wdR pic.twitter.com/aYxub9HmEq

Other Corporate Announcements

• Lypsa Gems & Jewellery: Board approves allotment of bonus shares in the ratio of 2:5
• 63 moons: Subsidiary of company terminates all arrangements with Continental Africa Holdings Ltd. for sale of 100 percent stake in its Mauritius unit
• Bhansali Engineering Polymers: Board approves capex of Rs 300 Crore through internal accruals for capacity expansion
• Navin Fluorine: Board approves sale of 6.85 lakh shares held by company in Mafatlal Industries to NOCIL

Akshar Chemicals

• To issue equity shares worth Rs 75 crore via QIP
• The floor price for the issue is set at Rs 816.59 per share

Government needs to incentivise buying electric vehicles in order to bring down the cost, says @anandmahindra.https://t.co/HnaB4nWtMs pic.twitter.com/nrCX4C5LXS

Today's Nifty Call

F&O Setup

• Premium on Nifty futures expands to 13 points
• 9.600-9,800 continues to remain strong support for Nifty
• 9,900 put added 20 lakh shares in open interest
• Options data indicates strong support and marginal resistance to Nifty
• Nifty Put-Call Ratio moves higher to 1.5 from 1.46

Active Stock Futures

• Oriental Bank of Commerce: Sees open interest addition of 18 percent on the short side
• Hexaware: Sees open interest addition of 10 percent on the short side
• Mindtree: Sees open interest addition of 9 percent on the long side
• Kotak Mahindra Bank: Sees open interest addition of 7 percent on the long side

Stocks in F&O Ban

• GMR Infra
• HDIL
• IndiaBulls RealEstate
• Jaiprakash Associates
• JSW Energy
• Kaveri Seeds
• Oriental Bank of Commerce
• Ujjivan Financial Services

Rohit Sipahimalini of @Temasek talks about the mistakes of Indian e-commerce with @sajeetkm.https://t.co/NirNADBvoQ pic.twitter.com/n1qhILUNfZ

Bulk Deals

Eros International Media

• Promoter Eros Worldwide sold 12.44 lakh shares or 1.33 percent stake at Rs 209.71 each
• Reduced its holding to 4.58 crore shares or 48.88 percent from 4.71 crore shares or 50.21 percent

Veto Switchgear

• Promoter Veto Electropower India Pvt. Ltd. sold 2.5 lakh shares or 1.36 percent stake at Rs 225 each
• Reduced its holding to 89 lakh shares or 48.57 percent from 91.5 lakh shares or 49.93 percent

Fortune Financial Services

• Kirti Jayantilal Doshi sold 3.64 lakh shares or 0.7 percent stake at Rs 322 each
• Reduced his holding from 22.34 lakh shares or 4.38 percent to 18.70 lakh shares or 3.66 percent
• Hina Kirti Doshi bought 3.64 lakh share 0.7 percent at Rs 322 each

#BQMutualFundShow | @licmutual's Sachin Relekar discusses SWP: Systematic Withdrawal Plans with @_nirajshah.https://t.co/IrmNC4Z9sK pic.twitter.com/71e1Tf6210

Earnings Reactions To Watch

Karnataka Bank (Q1FY18)

• Net profit up 10.13 percent to Rs 133.85 crore (YoY)
• Net Interest Income up 16.38 percent to Rs 424.42 crore (YoY)
• Gross NPA at 4.34 percent from 4.21 percent (QoQ)
• Net interest margin expands 9 basis points to 2.64 percent

DCB Bank (Q1FY18)

• Net profit up 39 percent to Rs 65 crore (YoY)
• Net interest income up 32 percent to Rs 233 crore (YoY)
• Gross NPA up 15 basis points to 1.74 percent (QoQ)
• Net interest margin expands 18 basis points to 4.23 percent

Gruh Finance (Q1FY18)

• Net profit up to Rs 72 crore
• Income from operations grows to Rs 398 crore
• Gross NPA at 0.64 percent from 0.56 percent
• Net NPA at 0.16 percent from 0.27 percent

Man Industries (Q1, YoY)

• Net profit down 62.68 percent to Rs 11.35 crore
• EBITDA down 36.47 percent to Rs 10.71 crore
• EBITDA Margin contracts 123 basis points to 3.67 percent

Government may look to hike cess on cigarettes if prices come down, reports @Nikunj_Ohri.https://t.co/wKWCnfCTh4 pic.twitter.com/t7FFvtciRx

Earnings To Watch

• ACC
• Capri Global
• Hindustan Media
• IMFA
• Jubilant Foodworks
• Linde India
• Prakash Industries
• Sharda Motors
• Shree Digvijaya Cement

Brokerage Calls

Infosys

• Goldman Sachs maintained 'Sell' rating and hiked the price target to Rs 799 from Rs 781.
• HSBC maintained 'Buy' rating with the price target of Rs 1,150.
• Credit Suisse maintained their 'Neutral' rating on Infosys with the price target hiked to Rs 1,025 from Rs 1,000.
• CLSA assigned an 'Underperform' rating to the stock and projected FY18 margins to decline by 30 basis points.
• Nomura maintained 'Neutral' rating with the price target set at Rs 1,000.

• SpiceJet: SBICap maintained 'Buy' rating with the price target hiked to Rs 138 from Rs 123.
• TCS: HSBC assigned 'Hold' rating to the stock with the price target cut to Rs 2,380 from Rs 2,430.
• IGL: Citi retained their 'Buy' rating on their top gas pick with the price target hiked to Rs 1,330 from 1,250.

While the country's biggest bourse halted, trading continued. @abhavam & @SantanuChakra report.https://t.co/8ALZCKjCsg pic.twitter.com/QNIl1fxnzr

Media Reports

• HPCL: To invest Rs 61,000 crore by 2021 on expansion projects. (Business Standard)
• Mahindra & Mahindra: To pump in $1 billion in the U.S. over the next 5 years. (Business Standard)
• NBCC: Eyes 25 percent revenue growth in FY18. (Business Standard)
• Maruti Suzuki: To automate treasury operations to hedge against currency swings. (Economic Times)
• ONGC: Oil ministry intensifies monitoring of ONGC fields. (PTI)
• Religare Enterprises: RHC's debentures downgraded as Singh brothers default on payment. (Mint)
• Shriram Group: It hopes to move to the next level with IDFC merger. (Mint)
• Britannia: Scouts for opportunities in the bakery segment. (Business Standard)
• Allcargo Logistics: To get int last-mile delivery, eyes Rs 1,500 crore income. (Business Standard)
• GMR Infrastructure: Abu Dhabi Investment Authority may pick up to 49 percent stake in GMR's Hyderabad airport. (Economic Times)
• Tata Sponge: Gets green nod to raise capacity. (Economic Times)

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