Stocks To Watch: Bata, Reliance Communications, PC Jeweller, SpiceJet, Titan
- Jewellery, Footware stocks likely to react on GST rates
- Reliance Communicatons gets seven months time from lenders to repay debt
- SpiceJet profit falls 61 percent year-on-year on higher fuel cost
- RBI initiates Prompt Corrective Action on Dena Bank
- Can Fin Homes to consider stock split
The Singapore traded SGX Nifty, an early indicator of Nifty's performance in India, gained 0.24 percent to 9,668.
Your Monday morning briefing.https://t.co/Bxdue40mDr pic.twitter.com/SkLIxxvG7C
June 5, 2017Here are some of the stocks to watch out for in today's session:
- Titan, PC Jeweller, TBZ: GST council fixes a tax rate of 3 percent on gold and gold jewellery. Silver and processed diamonds to be taxed at 3 percent too
- Reliance Communications: Lenders give company time till December 2017 to repay Rs 45,733 crore gross debt
- Dena Bank: RBI initiates Prompt Corrective Action owing to higher Net NPA and negative Return on Assets
SpiceJet (Q4, YoY)
- Net profit down 61 percent to Rs 41.6 crore
- EBITDAR down 7.3 percent to Rs 315.2 crore
- EBITDAR Margin down to 19.4 percent from 23 percent
- Relaxo, Bata, Liberty Shoes: GST council fixes a tax rate of 5 percent for footware under Rs 500. The current rate stands at 9.5 percent. For footware priced above Rs 500, the rax rate stands at 18 percent from 12 percent.
- GVK Power: Board approves to sell 3.84 crore shares or 10 percent stake in Bengaluru International Airport which was held through its subsidiary to Fairfax India for Rs 1,290 crore
- NTPC: Commissioned 117 out of 250 MW of Mandsaur Solar Power Project
- Can Fin Homes: To consider stock split on June 23
VST Tillers
- Power tiller sales down 5 percent in May 2017 to 1,857 units year-on-year
- Tractor sales down 1 percent in May 2017 at 800 units year-on-year
TCS' H-1B visa applications now a third of 2015 levels.https://t.co/Bwnhzhv0AB pic.twitter.com/pxXddDSYuH
June 5, 2017Other Corporate Announcements
Suzlon
- Allotted 5.62 crore equity shares on conversion of bonds at a conversion rate of Rs 15.46 per share
- Also gets NCLT nod for composite scheme of amalgamation between SE Blades, Suzlon Wind International, SE Electricals and Suzlon Global Services with itself
- Tata Communications: Signs agreement with Batelco, Bahrain's leading digital communications solutions provider to extend their global data centre reach, cloud and connectivity solutions to their customers
- Corporation Bank: Seeks shareholder nod to raise capital up to Rs 3,500 crore through equity
- Sunteck Realty: Seeks shareholder nod to raise Rs 2,000 crore of which not more than Rs 1,350 crore will be through NCDs.
- Satin Creditcare: To raise Rs 100 crore via commercial papers
- Linde India: Signs business combination agreement with Praxair Inc.
- Mawana Sugars: Agreed for one-time settlement of its debt worth Rs 43.21 crore owned to State Bank of Hyderabad
- Alankit: Promoters make open offer to acquire 3.71 crore shares or 26 percent stake at Rs 33.3 per share
Reliance Jio tops the 4G network speed chart.https://t.co/IKg837rfMW pic.twitter.com/uybbxYmZiO
June 5, 2017Today's Nifty Quote
India's top 7 telecommunications companies saw their total debt burden rise 20%. @soumeet_sarkar reportshttps://t.co/BQ8vjed0DD pic.twitter.com/Mlk956W58a
June 5, 2017Bulk Deals
- Sayaji Hotels: Promoter Kayum Razak Dhanani bought 1.19 lakh shares or 0.7 percent stake at Rs 293.2 each sold by Liberty Construction and Leasing Ltd.
- JVL Agro: Eriska Investment Fund bought 83 lakh shares or 4.95 percent stake at Rs 18 each sold by Lotus Global Investments
- Stampede Capital: Promoter Usha Meenavalli sold 19.4 lakh shares or 0.85 percent stake at Rs 19.7 each
- Lovable Lingerie: Param Value Investments sold 1.23 lakh shares or 0.7 percent stake at Rs 241.19 each
- RPP Infra Projects: Sree Saravana Engineering Bhavani Pvt. Ltd. bought an additional 2.38 lakh shares or 1.06 percent stake at Rs 232.4 each
- Excel Realty and Infra: Arcadia Share and Stock Brokers Pvt. Ltd. bought 3.3 lakh shares or 1.05 percent stake at Rs 37.35 each
Why Anil Ambani's richer despite $519 million telecom routhttps://t.co/6JTlhgaMkg pic.twitter.com/DG41kJTJvr
June 4, 2017Brokerage Calls
- Hero MotoCorp: Cut to 'Neutral' at HDFC Securities with price target of Rs 3,740
- Maruti Suzuki: Cut to 'Neutral' at HDFC Securities with price target of Rs 7,070
- PVR: Raised to 'Accumulate' at Dolat Capital Market
Basant Maheshwari's (@BMTheEquityDesk) big bet housing finance companies. @AgamVakil https://t.co/rdX4IYh63w pic.twitter.com/XP1YDpuBXc
June 4, 2017Stocks In F&O Ban
- DLF
- Infibeam Incorporation
- Jaiprakash Associates
- Reliance Communications
- Reliance Capital
#WhereAreTheJobs: Real estate, retail, logistics sectors may take the lead in job creation in India.https://t.co/pYuFbXaU60
June 4, 2017Media Reports
- HUL: To unveil innovations in the premium laundry segment. (Economic Times)
- Bharti Airtel: Plans to woo start-ups to digital platform. (Economic Times)
- TCS: H1-B visa applications now at one-third of 2015 levels. (PTI)
- Federal Bank: To consider raising up to Rs 4,000 crore via debt options. (Bloomberg)
- Healthcare Global: In pact with pinnacle hospitals to acquire its oncology unit by share purchase of Rs 1.8 crore. (Bloomberg)
Banks not yet prepared for #GST implementation.https://t.co/dPsm45YHzE pic.twitter.com/chh4XCOCAI
June 4, 2017
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
