Stocks To Watch: Apollo Tyres, Hero MotoCorp, Hatsun Agro, Natco Pharma
- Natco Pharma will be in focus today as Mylan gets U.S. FDA nod for 20mg and 40mg version of Copaxone
- Hero MotoCorp posts record monthly sales of 7,20,739 units
- Mandhana Industries says NCLT's Mumbai bench initiated insolvency proceedings against the company
- Apollo Tyres approves QIP issue at floor price Rs 250.44 each; to set issue price on Oct. 6
- Ahluwalia Contracts won orders worth Rs 555.77 crore
The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index's performance in India gained 0.17 percent to 9,891 as of 7:30 am
All you need to know going into trade this Wednesday.https://t.co/wFwxAHdplv pic.twitter.com/yMm6h6ykgM
October 4, 2017Here are the stocks to watch out for in today's session:
- Natco Pharma: Mylan gets U.S. FDA nod for 20 mg and 40 mg version of Copaxone
- Oil companies: Government cuts excise duty rate on petrol and diesel by Rs 2 per litre
- Hero MotoCorp: Posts record monthly sales of 7,20,739 units in September
- Apollo Tyres: Institutional shares sale to raise Rs 1,200 crore with a greenshoe option of Rs 300 crore opens
- Ricoh India: Says NCLT rejected FDS' petition under the Bankruptcy Code
- Indian Overseas Bank: Revises savings bank interest rate by 50 basis points
- Cyient: Signed an in-software licensing pact with Elpis Squared
- Ahluwalia Contracts: Bagged construction and redevelopment orders worth Rs 555.77 crore
- Info Edge India: Zomato waives reservation fees from restaurants
- Greaves Cotton: Partnered with Altigreen Propulsion Labs to deliver clean energy solutions
- Mandhana Industries: Says NCLT's Mumbai bench initiated insolvency proceedings against the company
- Bombay Rayon Fashions: To allot 1.93 crore shares to State Bank under S4A scheme
- L&T Infotech: Clarifies that the $100 million contract from CBDT was received in July, 2016
- Majesco: launched version 10 of the Majesco P&C Suite
Other Corporate Announcements
- Mahanagar Gas: Raises CNG, PNG prices in Mumbai by nearly 4 percent
- Shree Pushkar Chemicals and Fertilisers: Shareholders approve issuing equity shares to promoters on preferential basis
- Ducon Infra Technologies: Bags award worth Rs 50 crore from the Madhya Pradesh government
- Power Finance Corporation: Board approves merger with subsidiary PFC Green Energy Ltd
- IFCI: To close its Chandigarh regional office and transfer all business to Delhi regional Office with effect from November 1
LT Foods
- To raise Rs 500 crore by issuance of securities
- Board approves hike in FII/FPI holding to 24 percent
Monetary Policy Review | Is there any room for the RBI to cut rates?https://t.co/veCgBV2GAp pic.twitter.com/J8fb0qoLtf
October 4, 2017IPO Watch
- Godrej Agrovet IPO opens with a price band of Rs 450-460
- The company allotted 7.42 million shares to anchor investors ahead of the IPO
Godrej Agrovet IPO Opens Today: Here's all you need to knowhttps://t.co/uQLUvm3I6S pic.twitter.com/ZB73wn5gBa
October 4, 2017
- State-run General Insurance Corporation's IPO opens Oct 11, ends Oct 13
Today's Nifty Call
F&O Setup
- Nifty October Futures trading with a premium of 8.9 points versus 12 points at 9859.5
- October Futures: Nifty open interest up 4 percent; Bank Nifty open interest rose 2 percent
- India VIX closed lower by 0.2 percent at 12.46
- October series highest Call base at 10,000 (open interest at 46.5 lakh shares, down 4 percent)
- October series highest Put base at 9,700 (open interest at 39.7 lakh, up 13 percent)
- October call strikes 9,700, 9,800, 10,000 saw unwinding
- October put strikes 9,700, 9800 and 9,900 saw open interest addition
Active Stock Futures
- Powergrid saw open interest addition of 25 percent on short side
- GAIL saw open interest addition of 21 percent on long side
- Voltas saw open interest addition of 16 percent on long side
- Infratel saw open interest addition of 14 percent on long side
- Dish TV saw open interest addition of 11 percent on short side
- Hindustan Zinc saw open interest addition of 10 percent on long side
- Reliance Capital saw open interest addition of 9 percent on short side
- PC Jeweller saw open interest addition of 9 percent on long side
F&O Ban
- Indiabulls Real Estate
- JSW Energy
.@MorganStanley's Ridham Desai (@rndx1) on the next decade of the Indian economy.https://t.co/ENO3OXx7Du pic.twitter.com/iQxGDtHN39
October 3, 2017Bulk Deals
Hatsun Agro Products: SBI Mutual Fund bought 10.50 lakh shares, or 0.69 percent stake, at Rs 700 each
Petrol, diesel set to get cheaper as Centre cuts excise duty.https://t.co/O8ZMyqoD7b pic.twitter.com/XjEPJiH7fC
October 4, 2017Brokerage Radar
- Ratnamani Metals & Tubes: ICICIdirect initiated coverage on the stock with a ‘Buy' rating and price target of Rs 1,050
- Adani Ports & SEZ: Nomura maintained ‘Reduce' on the stock with price target hiked to Rs 319 from Rs 234
- ITC: CLSA upgraded stock rating to ‘Buy' from ‘Underperform' and hiked price target to Rs 310 from Rs 285
- HDFC Bank: Macquarie reiterated its ‘Outperform' rating with price target of Rs 1,890
Coal India
- Morgan Stanley maintained its ‘Underweight' rating with price target of Rs 221
- Nomura retained its ‘Neutral' stance on the stock with price target of Rs 260
Festive cheer for automakers as sales rise in September, reports @journoanirudh.https://t.co/INaRsyG1Vf pic.twitter.com/gjM12W1aFA
October 3, 2017
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The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
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Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
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Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
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High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
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Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
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Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
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Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
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Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
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India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
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France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
