Stocks To Watch: Bharat Electronics, IndiGo, Sobha, Tech Mahindra

• Biocon receives U.S. FDA observations for Bengaluru plant
• Hexaware raises revenue guidance
• Sobha board to consider share buyback
  
• Tech Mahindra, InterGlobe Aviation beat estimates in Q1
  
• Vascon Engineers receives work order
  

The Singapore-traded SGX Nifty, an early indicator of Nifty 50's performance in India, was little changed at 10,107.

All you need to know going into trade today.https://t.co/V3X6Z7DZ9O pic.twitter.com/MbAKHY8cUm

August 1, 2017

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

• Biocon: U.S. FDA issues Form 483 observations after an inspection of its Bengaluru plant
• Glenmark: Reports positive data in phase 2a study of GBR 830
• Hexaware: Raises 2017 revenue guidance to 14-15 percent
• Parsvnath Developers: Acquired 10,000 equity shares in Farhad Realtors
• Vascon Engineers: Receives work order worth Rs 80.4 crore
• Satin Creditcare: Invested Rs 6.99 crore in its subsidiary Taraashna Services
• VIP Clothing: To raise Rs 50 crore by way of rights issue
• Viji Finance: Shareholders approve 1:10 bonus issue
• Sobha: Board to consider buyback of Rs 62 crore on August 4
• HDFC: HDFC Life-Max Insurance deal called off.

Trouble mounts for Biocon's Bengaluru plant as U.S. FDA issues fresh Form 483 observations, reports @YatinMota.https://t.co/jgHcrlBTAQ pic.twitter.com/XGVFKOAwBi

July 31, 2017

Today's Nifty Call

#Q1WithBQ | More hits than misses in Q1 earnings so far. @darshanvmehta1 reports the scorecard. https://t.co/tcwFU7SUCV pic.twitter.com/IcJ3ABX6iB

July 31, 2017

F&O Setup

• Nifty futures premium shrinks to 27 points from 28 points earlier
• Long build up seen on both Nifty & Nifty Bank as open interest addition seen
• Nifty support moves to 10,000 from 9,800; resistance at 10,500
• Maximum open interest on put side shifts to 10,000 levels from 9,800 at 43.5 lakh shares
• Max Open interest on call side currently at 10,500 levels; open interest at 33.1 lakh shares
• Put writing seen at 9,900 & 10,000 levels
• Call unwinding seen at 10,100 & 10,200 levels

Active Stock Futures

• Power Grid sees open interest addition of 25 percent on long side
• Shriram Transport sees open interest addition of 14 percent on long side
• SBI sees open interest addition of 7 percent on long side
• LIC Housing Finance sees open interest addition of 37 percent on short side
• Dr. Reddy's sees open interest addition of 17 percent on short side
• Lupin sees open interest addition of 16 percent on the short side

Stocks In F&O Ban

• IndiaBulls RealEstate
• Infibeam
• JSW Energy

Hope to achieve high single-digit volume growth in FY18, says Vivek Gambhir.@sharleendsouza reports.https://t.co/mThjF6vZf7 pic.twitter.com/PhWV3rjTVk

July 31, 2017

Bulk Deals

Religare Enterprises

• Dilipkumar Lakhi buys 28.88 lakh shares or 1.6 percent stake at Rs 97 each
• Bought 10.32 lakh shares or 0.6 percent stake in the company on July 27 as well

• Shakti Pumps: Old Bridge Capital Management buys 1.48 lakh shares or 0.8 percent stake at Rs 476.02 each
• CDSL: Abu Dhabi Investment Authority sold 8.10 lakh shares at Rs 345.29 each

Indian cigarette makers may feel the heat as U.S. proposes nicotine cut, reports @EnSaluja.https://t.co/FFFFFcMYEc pic.twitter.com/Mzhbvi1uZy

July 31, 2017

Earnings Reactions To Watch

InterGlobe Aviation (Q1, YoY)

• Revenue up 25.6 percent at Rs 5,753 crore
• EBITDAR up 27.7 percent at Rs 1,951 crore
• EBITDAR margin expanded to 33.91 percent from 33.37 percent
• Net profit up 37 percent at Rs 811 crore

Tech Mahindra (Q1, QoQ)

• Revenue down 2.1 percent to Rs 7,336 crore
• EBITDA up 4.1 percent to Rs 935 crore
• EBITDA margin expanded to 12.7 percent from 12 percent
• Net profit up 36 percent to Rs 799 crore

Bharat Electronics (Q1, YoY)

• Revenue up 94 percent to Rs 1,803.1 crore
• EBITDA at 163.3 crore
• EBITDA margin expanded to 9.5 percent from - 4.4 percent
• Net profit up 247 percent at Rs 125.3 crore

Music Broadcast (Q1, YoY)

• Revenue up 12 percent at Rs 70.3 crore
• EBITDA up 16.2 percent at Rs 22.2 crore
• EBITDA margin expanded to 31.6 percent from 30.4 percent
• Net profit up 42 percent to Rs 10.8 crore

Jaiprakash Power Ventures (Q1, YoY)

• Revenue up 32 percent to Rs 996 crore
• EBITDA up 15 percent to Rs 351 crore
• EBITDA margin narrowed to 35.3 percent from 40.6 percent
• Net loss narrows to Rs 19 crore from net loss of Rs 196 crore

#Q1WithBQ | @AgamVakil in conversation with @tech_mahindra's Vineet Nayyar.https://t.co/jKvrXc3D5x pic.twitter.com/EhEV3sAgUx

July 31, 2017

Brokerage Calls

• InterGlobe Aviation: Motilal Oswal maintained a 'Neutral' rating with price target hiked to Rs 1,312 from Rs 1,283.
• UPL: Morgan Stanley maintained an 'Overweight' rating and hiked price target to Rs 1,018 from Rs 889
• Bharat Electronic: UBS maintained 'Sell' and price target at Rs 124

Shriram Transport

• Morgan Stanley maintained 'Overweight' with price target of Rs 1,250
• CLSA retained its 'Sell' rating and hiked price target to Rs 950 from Rs 910

• Tech Mahindra: CLSA retained its 'Sell' rating with price target hiked to Rs 370 from Rs 350
• Godrej Consumer: CLSA downgraded the stock to 'Sell' and cut price target to Rs 940 from Rs 958

UDAY helps power distributors save Rs 14,100 crore in 9 months, reports @bhanvi_1. https://t.co/WY5EjYzYYR pic.twitter.com/b2tAZt4kXl

August 1, 2017

Media Reports

• Larsen & Toubro: Looks to raise Rs 6,000 crore via non-convertible debentures.(Economic Times)
• Birla Corp: Plans new Rs 2,400 crore cement unit. (Business Standard)
• Eicher: Rides past Bajaj Auto in market capitalisation. (Business Standard)
• Tata Motors: CEO draws Rs 22.55 crore salary in FY17. (Business Standard)
• Tata Steel: Working on commercialisation of graphene, an advanced material and considered to be a superb conductor. (Business Standard)
• NTPC: Has no plans to acquire stressed power projects, says government. (Economic Times)
• NHPC: NHPC's Kishanganga to start operations by January, 2018, said Piyush Goyal. (Economic Times)
• GAIL: The company is under CCI scanner for breaching competition norms. (Economic Times)
• IOC: Its new concept SAS to come back to company's priority list. (Economic Times)
• Lupin: Pahrmaceutical major's Aurangabad plant undergoes the U.S. FDA inspection. (PTI)
• InterGlobe Aviation: IndiGo may adopt junk sale-and-lease back model, opt for outright buys. (Economic times)

India will need 2,100 planes in next 20 years, says @Boeing's Dinesh Keskar.@Krishanu90 reports.https://t.co/vCoiQMGdLo pic.twitter.com/1qA3IVgFYE

July 31, 2017

Disclaimer: Stock recommendations and comments presented on BloombergQuint.com are solely those of the analysts and experts quoted. They do not represent the opinions of BloombergQuint.com on whether to buy, sell or hold shares of a particular stock.

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