Stocks To Watch: BHEL, ICICI Bank, Natco Pharma, Tata Communications

• ICICI Bank clarifies it did not give individual loans to Videocon Group firms.
  
• BHEL commissions 330 MW Kishanganga hydro-electric project in Jammu & Kashmir.
  
• Force Motors March domestic sales at 4,364 units; exports at 154 units.
  
• Kansai Nerolac to acquire Marpol Pvt for Rs 36 crore.

Stocks in Asia followed U.S. equities higher as investors reassess of the danger of a trade-damaging spiral of tariff increases in the world's top two economies.

The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index's performance in India, rose 1.5 percent at 10,278 as of 6:55 a.m.

Here Are The Stocks To Watch Out For In Thursday's Trade

• Cabinet approved demerger and transfer of surplus land from Tata Communications to Hemisphere Properties.
• ICICI Bank clarified that it did not give individual loans to any of five companies.
• Adani Enterprises unit bagged order worth Rs 1,140 crore from NHAI in Chhattisgarh.
• BHEL commissioned 330MW Kishangana HEP in Jammu and Kashmir.
• Indoco's API plant at Patalganga received Japanese accreditation, valid till May 2023.
• Natco Pharma launched first generic version of oral tablets for multiple sclerosis in India.
• HFCL foray into defence manufacturing.
• BEPL completed expansion of ABS capacity from 80 KTPA to 100 KTPA at its Abu Road unit.
• Force Motors March domestic sales at 4,364 units; exports at 154 units.
• Smartlink Network Systems to consider share buyback on April 7.
• Jet Airways signed up additional 75 Boeing 737 Max aircraft taking the total order to 150.
• Kansai Nerolac to acquire Marpol Pvt for Rs 36 crore.
• IFGL refractories says foreign promoter has requested for classification of its entire 15.51 percent stake to public category.

Companies owned by billionaires Mukesh Ambani and Sunil Bharti Mittal may raise as much as Rs 36,500 crore.https://t.co/6l89w7Oi0o pic.twitter.com/8e4ueZ1C7x

April 4, 2018

F&O Setup

• Nifty April futures closed trading at 10,146.6 with a premium of 18 points from 40 points
• April series: Nifty open interest up 13 percent, Bank Nifty open interest up 16 percent
• India VIX ended at 16.3, up 7.6 percent
• Max open interest for April series at 10,500 call strike (open interest at 38.8 lakh, up 17 percent)
• Max open interest for April series at 10,000 Put (open interest at 44.2 lakh)

RBI's ban on LoUs and LoCs will leave small and medium-sized importers with a cash crunch.https://t.co/4PJHuBbeSH pic.twitter.com/T8XsNQGKFw

April 4, 2018

F&O Ban

No stocks in ban.

Active Stock Futures

Bulk Deals

• Sunil Hitech Engineers: Reliance Financial sold 38.87 lakh shares or 0.8 percent equity at Rs 7.65 each.

Mishra Dhatu Nigam

• Canara Bank sold 9.69 lakh shares at Rs 89 each.
• Union Bank of India sold 10 lakh shares at Rs 90.03 each.

Supreme Court allows Vedanta, others to transport royalty-paid iron ore.https://t.co/pQw9McjGjf pic.twitter.com/jSIbp4e3ZH

April 4, 2018

Brokerage Radar

HDFC Securities on Symphony

• Initiated ‘Buy' with a price target of Rs 2,150.
• Branded air coolers offer a huge opportunity.
• Power availability to drive penetration.
• Strong summers to support air coolers demand.
• Expect revenue, operating income and net profit to compound at 22 percent, 28 percent and 29 percent respectively over the fiscal 2018-2020.
• High RoCE, market leadership and multi-year growth visibility warrants high valuations.

Goldman Sachs on Aster DM

• Initiated ‘Buy' with a price target of Rs 213.
• Aster to now enter a phase to sweat assets, improve cash flows and leverage.
• Solid demand across GCC and India to drive utilisations.
• Expect utilisations to improve to 65 percent over the next three years.
• Expect 17 percent compounded growth rate in revenue over the next three years
• Expect 500 basis points margin expansion over the fiscal 2017-2020.
• Valuations attractive; Stock trading at discount to Indian/GCC peers.

CLSA on Oil India

• Maintained ‘Underperform'; cut price target to Rs 230 from Rs 250.
• Oil India is the best performing stock since budget.
• A clear shifting opportunity.
• Oil India to lose more than ONGC if subsidy burden returns.
• Subsidy burden scenarios suggest 36-50 percent downside from current levels.
• ONGC to see bigger gains if subsidy exemption continues.
• ONGC is much better placed.

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