- IRB Infra: Reaches Financial Closure For Road Project
- Bharat Forge: Multi-axle truck sales grow 20 percent in U.S.
- InterGlobe: To Hold Conference Call To Discuss Air India Deal
- Cadila Healthcare: To License Phibro's Poultry Vaccine
- Sobha: Says Achieved Q1 New Sales Worth Rs 623 Crore
- Shriram EPC wins order in Tamil Nadu
The Singapore traded SGX Nifty, an early indicator of Nifty's performance in India, gained 0.12 percent to 9,666.
All you need to know going into Thursday's trade, reports @darshanvmehta1.https://t.co/0ljIP50Q61 pic.twitter.com/G9RxzFmsuI
Here are the stocks to watch out for in today's session:
Sobha
- Sales volume increased 12.7 percent sequentially to 8,15,230 square feet
- Total sales value increased 11.8 percent sequentially to Rs 623.4 crore
- Cadila Healthcare: Announces its intention to licence Phibro's poultry vaccine
- IRB Infra: Udaipur Tollway, wholly-owned subsidiary of the company achieves financial closure for its Udaipur-Gujarat border six laning project
- Om Metals Infraprojects: Sold its cineplex division for Rs 18 crore to Princess Infra and Development
- NBCC: Secured total business worth Rs 630 crore in the month of June
- Shriram EPC: Bags order worth Rs 71 crore from Palani Temple in Tamil Nadu marking the company's foray into the transportation business
- InterGlobe Aviation: To hold conference call today to discuss Air India deal
- Inox Leisure: Morgan Stanley Investment Funds Indian Equity Fund bought 24.52 lakh shares or 2.5 percent stake at Rs 277.5 each which were sold by Local Government Superannuation Scheme
- Speciality Restaurants: SAIF India IV FII Holdings Ltd. sold 2.65 lakh shares or 0.6 percent stake at Rs 110.8 each
Bhushan Steel (Q4FY17, YoY)
- Net loss at Rs 1,130.65 crore from Rs 1,185.16 crore
- EBITDA up 24.7 percent to Rs 657.64 crore
- EBITDA margin at 16 percent from 17.4 percent
Wimplast
- Promoters sold 3 lakh shares or 2.5 percent stake at an average price of Rs 1,565.65 each
- Kotak Funds - India Midcap Fund bought 3.03 lakh shares or 2.5 percent stake at Rs 1,564.76 each
Can you buy an airline for less than Rs 5? @sajeetkm reports.https://t.co/1uXO9wlbjt pic.twitter.com/ZDftoBee41
Other Corporate Announcements
- Swan Energy: Buys 100 percent stake in Triumph Offshore Pvt. Ltd.
- Cyient: Partners with KII Corporation for smart city deployments
- IDFC Bank: Refused to comment on reports of acquiring a large financial services company
- Ramco Systems: Sets up wholly-owned subsidiary in Vietnam
- KEI Industries: Invests Rs 1.9 crore in plant and machinery for setting up a PVC manufacturing plant at its unit in Silvassa
- Rashtriya Chemicals and Fertilizers: Issued commercial papers worth Rs 120 crore in favour of ICICI Bank which mature on September 29, 2017
- ABC Bearings: Circuit filter revised to 10 percent from 20 percent
- Speciality Restaurants: Circuit filter revised to 5 percent
- PC Jeweller: Ex-date for 1:1 bonus. F&O lot size revised to 3,000
- GTPL Hathway: Added to BSE IPO index
India's sugar output is set to rebound from 7-year low.https://t.co/4BPWuzkavY pic.twitter.com/Jd2uJ6odUD
Today's Nifty Call
#BQOpinion | Where @_nirajshah urges the exchanges & @SEBI_India to be more vigilant about insider trading.https://t.co/ZpdZa5vIXM
F&O Setup
- Nifty futures end trade at 9,645, a premium of 8 points
- Nifty futures add 3.2 lakh shares in open interest
- Nifty bank futures add 56,000 shares in open interest
- Put-Call Ratio rises to 1.26 from 1.21
- Total open interest at 9,400 put at 59.8 lakh shares
- Total open interest at 9,500 put at 61.7 lakh shares
- Low open interest results in short covering in Lupin, M&M and ONGC
- Indiabulls Real Estate: Sees open interest addition of 23 percent with fresh long positions
- Tata Chemicals: Sees open interest addition of 28 percent with fresh long positions
- JSW Energy: Sees open interest addition of 10 percent with fresh long positions
- Jaiprakash Associates: Sees short covering on account of open interest shedding
Stocks In F&O Ban
- Indiabulls Real Estate
- Jaiprakash Associates
- JSW Energy
- Ujjivan Financial Services
Essar Steel's Insolvency Proceedings: The Plot Thickens@PayaswiniLLB reports.https://t.co/FTDmathZl6 pic.twitter.com/PcUTdPT7XU
Brokerage Calls
- NTPC: Morgan Stanley downgrades to 'Equalweight' cutting its price target to Rs 149 from Rs 163
- Adani Power: Morgan Stanley downgrades to 'Underweight' cutting its price target to Rs 21 from Rs 29
- Tata Power: Morgan Stanley upgrades to 'Overweight' raising its price target to Rs 101 from Rs 70
- Reliance Industries: CLSA maintains 'Buy' with price target of Rs 1,710
- BHEL: Citi maintains 'Sell' with price target of Rs 133
- Sobha: JPMorgan maintains 'Overweight' with price target of Rs 455
- Punjab National Bank: Nomura upgrades to 'Buy' from Neutral with price target of Rs 180
Morgan Stanley downgrades utilities sector a notch.https://t.co/0ljIP50Q61 pic.twitter.com/r3USoR1SWK
Media Reports
- Bharti Airtel: Open to selling bigger chunk of tower arm Bharti Infratel. (Economic Times)
- Narayana Health: Plans expansion into Maharashtra. (Economic Times)
- HDFC: Property fund may sell stake in Windflower resorts. (Economic Times)
- Vedanta: Government asks company to make a buyback offer for Cairn's 9.8 percent stake. (Business Standard)
- Jet Airways: Delta Airlines exploring deeper ties with Jet, says executive. (Business Standard)
- Lanco Infratech: Hindustan Power encashes company's Rs 500 crore guarantee. (Financial Express)
- Dalmia Bharat: Loses $5 million in glencore for failing to honor an import consignment. (DNA)
- Hero MotoCorp: Aims to launch BS-VI compliant models before 2020. (DNA)
- ICICI Bank: Singapore arm moves to U.K. court for recovery of close to Rs 58 crore against Essar. (Indian Express)
#IndiaIsraelFriendship | India-Israel partnership holds $25 billion potential for startups.https://t.co/XY0FOkAFPH pic.twitter.com/vfznCBgLPB
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
