Stocks To Watch: Bharti Infratel, Max Financial, Union Bank

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

May 9, 2017

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

May 9, 2017

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

May 9, 2017

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

May 8, 2017

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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