Traders work at the new Nasdaq Inc. trading floor of the Philadelphia Stock Exchange (PHLX) inside FMC Tower in Philadelphia, Pennsylvania, U.S. (Photographer: Charles Mostoller/Bloomberg)
The Singapore traded SGX Nifty, an early indicator of Nifty's performance in India, was little changed at 9,344.
Your Tuesday morning briefing.https://t.co/SOmEfzNOW7 pic.twitter.com/CTeltndDaw
Here are the stocks to watch out for in today's session:
Max India
- To consider acquisition of 3.75 percent equity shares of Max Healthcare Institute
- Shares to be acquired from International Finance Corporation, U.S.
- To issue warrants to promoter group entities
Tata Sponge Iron
- Received clearance to enhance production of direct-reduced iron by 35,000 tonne per annum
- Total capacity now increases to 4.25 lakh tonne per annum from 3.9 lakh tonne per annum
Laurus Labs
- Natco Pharma launches generic version of Hepatitis C releted product on an API supplied by Laurus Labs
- Natco Pharma is the company's pharmaceutical and marketing partner
- Net profit from the sale of this product will be shared by the company
Eros International
- Eros Worldwide Fz Llc sells 34.6 lakh shares or 3.7 percent stake at Rs 226 per share
- Signs a television syndication deal with Zee for three forthcoming releases this year including Sarkar 3, Munna Michael and Shubh Mangal Savdhaan
Shankara Building Products
- Ashoka PTE buys 2 lakh shares or 0.9 percent stake at Rs 695 per share
- SBI Mutual Fund buys 2.2 lakh shares or 1 percent stake at Rs 695 per share
- Templeton Mutual Fund buys 7.3 lakh shares or 3.3 percent stake at Rs 695 per share
- Reliance Alternative Investments Fund sells 16.4 lakh shares or 7.4 percent stake at Rs 695.7 per share
- PNB Housing Finance: Usha Ananthasubramanian steps down from directorship and chairpersonship of the company
- Feeders Lloyd Corporation: Transfers brand name, logo, trademark or any other intellectual property related to Lloyd to Havells India for Rs 50 crore thereby completing the sale of the consumer durables business
- Federal bank: Seeks shareholder approval to raise capital through issuance of securities and to raise the ceiling limit of FIIs/FPIs to 74 percent of the share capital
- Bombay Dyeing: RMD Enterprises sells 12.4 lakh shares or 0.6 percent stake at Rs 83.74 per share
- Punjab and Sind Bank: Issues bonds amounting to Rs 1,000 crore on a private placement basis
- Torrent Pharma: Completes acquisition of Regestrone and Pregachieve brands from Novartis AG.
- Smartlink Network: Invests an additional Rs 1 crore in its wholly-owned subsidiary Telesmart SCS
Stocks In F&O Ban
- Adani Enterprises
- Bharat Financial Inclusion
- IRB Infrastructure
- Karnataka Bank
- Ujjivan Finance
India's cheapest stocks are drugmakers Aurobindo, Lupin. https://t.co/iPZ6BZ2MYW pic.twitter.com/ucB7fmmdJR
Brokerage Calls
- Apollo Tyres: Cut to 'Reduce' at Quantum Securities
- Godrej Properties: Cut to 'Neutral' at JPMorgan with a price target of Rs 520
- Orient Cement: Cut to 'Reduce' at Elara Securities India with a price target of Rs 165
Source: Bloomberg
Indian Bank's new CEO wants to dive back into corporate lending.https://t.co/rBJ9tjrBrT
Earnings Reaction To Watch
ABB India (Q1, YoY)
- Net profit up 3.52 percent to Rs 88 crore compared to Rs 85 crore
- EBITDA up 0.96 percent to Rs 131 crore compared to Rs 130 crore
- EBITDA Margins contract 50 basis points to 6 percent from 6.5 percent
- Orders grew 27.97 percent to Rs 2,342 crore compared to Rs 1,830 crore
Bharti Infratel (Q4, YoY)
- Net profit down 17 percent at Rs 596.6 crore compared to Rs 718.4 crore
- EBITDA up 15 percent at Rs 769.5 crore compared to Rs 669.6 crore
- EBITDA Margins at 47.9 percent from 47.2 percent
Union Bank of India (Q4, YoY)
- Net profit up 12.5 percent at Rs 108 crore
- Gross NPA down 11.17 percent from 11.7 percent (QoQ)
- Net NPA down to 6.57 percent from 6.95 percent (QoQ)
- Provisions up 46 percent to Rs 2,444 crore compared to Rs 1,670 crore (QoQ)
Precision Wires (Q4, YoY)
- Net profit up 40 percent at Rs 6.9 crore
- EBITDA up 10 percent at Rs 15.51 crore
- EBITDA Margin down to 6.2 percent from 6.7 percent
Bharti Airtel's profit may fall the most in four years. https://t.co/KKB3zcsstK
Earnings To Watch Today
- Bharti Airtel
- Dena Bank
- Blue Star
- Godrej Consumer Products
- Future Retail
- InterGlobe Aviation
- Petronet LNG
- Thyrocare Technologies
- Syndicate Bank
- Vijaya Bank
Also Read: Earnings Today: Fuel Prices May Dent IndiGo's Bottomline In Q4
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