Stocks To Watch: Apollo Tyres, JP Associates, Jubilant Life, ONGC
- ONGC buys 80 percent stake in one GSPC's block for Rs 7,783 crore
- Fortis Healthcare board approves to raise Rs 5,000 crore
- Bank of Baroda introduces two-tier savings interest rate
- Bank of India, Dena Bank allot shares to Government of India, LIC
- Jubilant Lifesciences gets ANDA approval for spasticity drug
The Singapore-traded SGX Nifty, an early indicator of Nifty 50's performance in India was little changed at 10,096.
Here are the stocks to watch out for in today's session:
- ONGC: Buys 80 percent stake and operatorship rights in one of the blocks of GSPC for Rs 7,783 crore
- Fortis Healthcare: Board approves to raise Rs 5,000 crore subject to shareholders and regulatory approval
Bank Of Baroda
- Introduces two interest rate structures for saving accounts
- Accounts with balance above Rs 50 lakh to be given 4 percent interest
- Accounts with balance below Rs 50 lakh to be given 3.5 percent interest
- Changes in effect from August 5, 2017
- Bank of India: Allots 11.23 crore shares to Government of India at Rs 133.51 each
- Dena Bank: Allots 20.63 crore shares to government, LIC on preferential basis
- JSW Steel: May partner Piramal Bain fund to buy Bhushan Steel, reports in the Economic Times suggest
- Jubilant Lifesciences: Gets ANDA approval for spasticity drug Tizanidine Hydrochloride
Sukumar Rajah, MD & chief investment officer, Asian equities at Franklin Templeton on consumption theme. https://t.co/Ut8l44X2vs pic.twitter.com/zlQG4IhTMQ
August 6, 2017Other Corporate Announcements
- Jaypee Infratech: NCLT reserves order in Insolvency case against the company
- GTPL Hathway: Partners with Nagra, a digital TV division of Kudelski group and Samsung, for the delivery of digital and interactive content directly to TV without the need of a set top box
- Music Broadcast: To challenge high court order staying the demerger of the radio business of SPML in Supreme Court
- Maruti Suzuki: Total production up 14.8 percent at 1,56,987 units in July 2017 from 1,36,761 units in July 2016
- Atlas Cycles: Board approves 1:2 stock split
- Autoline Industries: Sells its Pune property for the purpose of reducing its overall debt
- Adani Transmission: Acquires two SPVs from Rajasthan Transco for an undisclosed sum
Monsoon and state government loan waivers expected to boost sales of farm equipment over the next few months.https://t.co/ybKLZ1u3bx pic.twitter.com/cbMd4nHaMa
August 6, 2017Today's Nifty Call
Total investment in debt markets crossed over Rs 1.2 lakh crore this year.https://t.co/r820CC9o1O
August 6, 2017Bulk Deals
Gulf Oil
- Promoter Gulf Oil International (Mauritius) bought 5 lakh shares or 1 percent stake at Rs 808.15 each
- Dilipkumar Lakhi sold 5 lakh shares or 1 percent stake at Rs 808.15 each
- Dilipkumar Lakhi bought 6.5 lakh shares or 1.3 percent stake at Rs 808.13 each
- Eveready Industries Nomura India Investment Fund sold 8.56 lakh shares or 1.2 percent stake at Rs 303 each
- Unitech: Dilipkumar Lakhi bought 1.41 crore shares or 0.5 percent stake at Rs 7.94 each
Tata Steel MD Narendran took home a salary of Rs 8.17 crore in FY17.https://t.co/20NGgc9FYW pic.twitter.com/vp41giyZMX
August 6, 2017F&O Setup
- Nifty futures premium moves to 42 points from 29 points
- Nifty futures shed 2.9 lakh shares in open interest
- Bank Nifty sheds 1.1 lakh shares, open interest down 5 percent
- Nifty range for August series in terms of open interest concentration between 10,000 to 10,500
- Maximum open interest on put side at 10,000 strike with open interest at 52 lakh shares
- Maximum open interest on call side at 10,500 strike with open interest at 38 lakh shares
- Unwinding of open interest seen on call strikes of 10,100 and 10,200
- Open Interest addition seen for Put strikes of 10,000 and 10,100
Active Stock Futures
- Titan: Sees open interest addition of 29 percent on long side
- Berger Paints: Sees open interest addition of 20 percent on short side
- Chennai Petro: Sees open interest addition of 19 percent on short side
- Cummins India: Sees open interest addition of 13 percent on short side
- Indiabulls Real Estate: Sees open interest addition of 17 percent on long side
- Ujjivan Financial Services: Sees open interest addition of 13 percent on long side
- Biocon: Sees open interest addition of 9 percent on short side
Stocks In F&O Ban
- HDIL
- Indiabulls Real Estate
- India Cements
- Jaiprakash Associates
- JSW Energy
- Kaveri Seed
- Wockhardt
Consensus on SAIL, ArcelorMittal joint venture likely in 2 months.https://t.co/oubcxkxpAK pic.twitter.com/9WSM0ni5Ls
August 6, 2017Earnings Reactions To Watch
Berger Paints (Q1, YoY)
- Revenue up 9.4 percent to Rs 1,363.5 crore
- EBITDA down 5 percent to Rs 185 crore
- EBITDA Margin contracted to 14.8 percent from 17.4 percent
- Net profit down 5.8 percent to Rs 113 crore
Apollo Tyres (Q1, YoY)
- Revenue down 0.8 percent to Rs 3,537 crore
- EBITDA down 49 percent to Rs 273 crore
- EBITDA Margin contracted to 8.3 percent from 16.3 percent
- Net profit down 72 percent to Rs 88.3 crore
Arvind (Q1, YoY)
- Revenue up 17.6 percent to Rs 2,475 crore
- EBITDA down 15.6 percent to Rs 206 crore
- EBITDA Margin down to 8.3 percent from 11.6 percent
- Net profit down 22 percent at Rs 57 crore
Fortis Healthcare (Q1, YoY)
- Revenue up 3 percent to Rs 1,156.6 crore
- EBITDA up 37 percent to Rs 86 crore
- EBITDA margin expanded to 7.4 percent from 5.6 percent
- Net profit down 11 percent to Rs 22.6 crore
Dalmia Bharat (Q1, YoY)
- Net profit up 67.9 percent to Rs 199.5 crore
- Revenue up 14.1 percent to Rs 2,306 crore
- EBITDA up 9.5 percent to Rs 557 crore
- EBITDA Margin contracted to 27 percent from 28.6 percent
Relaxo Footwear (Q1, YoY)
- Net profit up 1.6 percent to Rs 37.5 crore
- Revenue up 19.8 percent to Rs 490.4 crore
- EBITDA up 1 percent to Rs 70.9 crore
- EBITDA Margin contracted to 14.7 percent from 17.3 percent
Jaiprakash Associates (Q1, YoY)
- Net profit of Rs 765 crore from loss of Rs 603 crore
- Revenue up 42.3 percent to Rs 2,585.4 crore
- EBITDA up 267 percent to Rs 759.4 crore
- EBITDA Margin at 30.5 percent from 12 percent
- Exceptional gain of Rs 606 crore
Repco Home Finance Q1
- Revenue up 7.6 percent to Rs 265.7 crore
- Net profit up 14 percent to Rs 45 crore
- Net Interest Income up 12.1 percent to Rs 103 crore
- Provisions up 44 percent to Rs 16.7 crore from Rs 11.6 crore (QoQ)
Alphageo (Q1, YoY)
- Revenue up 121.2 percent to Rs 115 crore
- EBITDA up 118.5 percent to Rs 33 crore
- Margin flat at 28.7 percent from 29 percent
- Net profit up 94 percent to Rs 15.5 crore
GNFC (Q1, YoY)
- Revenue up 11.2 percent to Rs 1,054.6 crore
- EBITDA up 18.4 percent to Rs 176.8 crore
- EBITDA Margin expands to 18.1 percent from 17 percent
- Net profit up 31.5 percent at Rs 66.55 crore
Chennai Petroleum (Q1, QoQ)
- Revenue up 1.7 percent to Rs 9,649.4 crore
- EBITDA down 38 percent to Rs 195.45 crore
- EBITDA Margin contracted to 2.9 percent from 4.6 percent
- Net profit down 80 percent to Rs 33.5 crore
GSFC (Q1, YoY)
- Revenue up 8.7 percent to Rs 1,176 crore
- EBITDA down 17 percent to Rs 81 crore
- EBITDA Margin contracted to 7.1 percent from 9.5 percent
- Net profit down 12 percent to Rs 40.5 crore
Indian Hotels (Q1, YoY)
- Revenue up 10.4 percent to Rs 524 crore
- EBITDA up 44 percent to Rs 75.5 crore
- EBITDA Margin expanded to 14.4 percent from 11.1 percent
- Net profit of Rs 6.9 crore from net loss of Rs 9 crore
Trigyn Technologies (Q1, QoQ)
- Revenue down 2.4 percent to Rs 164 crore
- EBITDA flat at Rs 15.4 crore
- EBITDA Margin flat at 9.4 percent from 9.2 percent
- Net profit up 1.1 percent to Rs 9.3 crore
Shriram Pistons & Ring (Q1, YoY)
- Revenue up 9.1 percent to Rs 440 crore
- Net profit down 8.9 percent to Rs 29.6 crore
- EBITDA down 8.7 percent to Rs 63 crore
- EBITDA Margin narrowed to 15.9 percent from 18.9 percent
SPARC (Q1FY18, YoY)
- Revenue up 9 percent to Rs 23.3 crore
- Net loss widens to Rs 78.8 crore from Rs 36.1 crore
Syndicate Bank Q1
- Net Interest Income up 8.2 percent to Rs 1,600.5 crore
- Net loss at Rs 263 crore from net profit of Rs 79 crore
- Gross NPA at 9.96 percent from 8.50 percent (QoQ)
- Net NPA at 6.27 percent from 5.21 percent (QoQ)
- Provisions up 5 percent to Rs 1,334 crore (QoQ)
OCL limited (Q1, YoY)
- Net profit up 10.8 percent to Rs 117 crore
- Revenue up 15.7 percent to Rs 929 crore
- EBITDA up 11.7 percent to Rs 201.4 crore
- EBITDA Margin narrow to 24.3 percent from 25.4 percent
FDC (Q1, YoY)
- Net profit down 40.3 percent to Rs 29.2 crore
- Revenue down 9.9 percent to Rs 245 crore
- EBITDA down 47.6 percent to Rs 36 crore
- EBITDA Margin contracted to 15.1 percent from 25.7 percent
Vardhman Acrylics (Q1, YoY)
- Net profit down 36.5 percent to Rs 9.7 crore
- Revenue down 34 percent to Rs 74 crore
- EBITDA down 43.3 percent to Rs 13.7 crore
- EBITDA Margin contracted to 18.7 percent from 21.8 percent
Andhra Cements (Q1, YoY)
- Net loss widens to Rs 25.4 crore from Rs 20.8 crore
- Revenue up 26 percent to Rs 126 crore
- EBITDA up 2.3 percent to Rs 13.5 crore
- EBITDA Margin narrowed to 12.4 percent from 15.3 percent
Brokerage Radar
HPCL
- CLSA maintains 'Sell' while price target is hiked to Rs 405 from Rs 360
- JPMorgan maintains 'Underweight' with price target of Rs 300
- Nomura maintains 'Buy' and hikes price target to Rs 510 from Rs 427
- Kotak maintains 'Reduce' with price target hiked to Rs 420 from Rs 380
Mahindra & Mahindra
- CLSA maintains 'Outperform' and hikes price target to Rs 1,585 from Rs 1,550
- JPMorgan maintains 'Overweight' with price target of Rs 1,600
- Credit Suisse maintains 'Outperform' with price target hiked to Rs 1,680 from Rs 1,530
Dabur
- CLSA upgrades stock to 'Outperform' from 'Underperform' and hikes price target to Rs 350 from Rs 290
- Nomura maintains 'Outperform' and hikes price target to Rs 340 from Rs 331
IOC plans to nearly double oil refining capacity to 150 mt by 2030.https://t.co/hlcJBNxorC pic.twitter.com/wOr5NNVbnF
August 6, 2017Media Reports
- Eros International: Explores content sale worth $1 billion with Apple. (Economic Times)
- Aditya Birla Fashions: Aims to stitch pact with American Eagle. (Economic Times)
- GAIL: Said to be in a fight with GSPL over transport of ONGC gas. (Economic Times)
- NTPC: Eyes pan-India license to set-up electric vehicle charging points. (Mint)
- Ramco Cements: To invest Rs 1,000 crore. (Business Standard)
- ABG Shipyard: Liberty House sends plan to NCLT. (Business Standard)
- Cadila Healthcare: Gets U.S. FDA approval for dementia drug treatment. (Bloomberg)
- Union Bank of India: To consider raising funds on August 9. (Bloomberg)
Former RBI Deputy Governor Rakesh Mohan on job creation. https://t.co/LIasaryl5M pic.twitter.com/u3WsbdEmp4
August 6, 2017
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Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
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Unhedged Position: Can India See An Indonesia-Style Time Correction?
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Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
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India Exports Capital. Why Not Export Trusteeship?
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