Stocks To Watch: BPCL, InterGlobe Aviation, Jubilant Foodworks, Sobha, Tata Chemicals 

• Oil marketing companies in focus as government clarifies its non-interference stance in pricing
  
• Tata Chemicals to sell its Phosphatic fertiliser business to Indorama Holdings BV, Netherlands for Rs 400-500 crore
  
• InterGlobe Aviation QIP to open on September 15 at price band of Rs 1,125 to Rs 1,175 per share
  
• Jubilant Foodworks clarifies and says all its food ingredients safe to consume
  
• Sobha to buy back up to 1.46 million shares at Rs 425 each
  
• HEG: Jefferies initiated coverage on the stock with a ‘Buy' rating and price target of Rs 1,050

The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index's performance in India was little changed at 10,099

Here's a quick look at all that could influence equities today.https://t.co/11uUwSifma

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

• Tata Chemicals: To sell its Phosphatic fertiliser business to Indorama Holdings BV, Netherlands for Rs 400-500 crore
• Interglobe Aviation: QIP to open on September 15 with price band fixed at Rs 1,125 to Rs 1,175 per share
• Jubilant Foodworks: Clarifies that its food ingredients are safe to consume
• Wipro: To partner with Rebuild Texas Fund to help in the recovery and rebuilding efforts in Texas
• Strides Shasun: Receives the U.S. FDA approval for Potassium Citrate Extended-Release tablets
• Puravankara: Aims to sell 1,000 residential units online
• Sobha: To buy back up to 1.46 million shares at Rs 425 each
• Borosil Glass Works: Ex-date for stock split from Rs 10 to Re1 per share
• Aditya Birla Capital: Last day of trade in T group, to be shifted to B group with effect from September 15
• Sintex Plastic: New 1.55 crore equity shares will list today (conversion against FCCB)
• Jaypee Power: Eleven buyers -- including Adani Power, Tata Power, JSW Energy -- show interest in buying the company (Business Standard)

Anatomy of an economic slowdown. @ajit_ranade, @pravchak, Sajjid Chinoy talk to @dugalira @menakadoshihttps://t.co/Q5YrLjPaBs

Other Corporate Announcements

• V2 Retail: Opens store in Haridwar, Uttarakhand. Total number of stores increases to 41
• Himachal Futuristic: Exits CDR mechanism
• Persistent Systems: Partners with Ohio Dept of Commerce
• GOCL Corp: Board approves merger of two subsidiaries with self
• Bharat Gear: Board to consider issue of equity shares to promoters at its meeting on 18th September
• Reliance Communications: Ericsson India filed insolvency case against company for recovery of Rs 491.41 crore
• India Cements: Says NCLAT approves merger of subsidiaries Trinetra cement and Trishul Concrete Products with self
• Thermax: Bags EPC order worth $43 million from UAE cement company

IPO Watch

• Matrimony.com Limited IPO closed with issue subscribed 4.2 times
• Capacit'e Infraprojects IPO day 2, with issue subscribed 1.3 times so far

Government won't step in to check rise in fuel prices, Oil Minister says.https://t.co/nYfdt4zbJh pic.twitter.com/PbHQOvGA28

Today's Nifty Call

F&O Setup

• Nifty September Futures closed with a premium of 12 points from 15 points
• September Nifty Futures open interest up 3 percent; Bank Nifty open interest down 5 percent
• India VIX closed flat-to-negative at 11.7
• September series highest Call base at 10,200 (open interest at 41.2 lakh, up 7 percent )
• September series highest Put base at 9,900 (open interest at 60.6 lakh, down 4 percent)
• Call strikes 10,100 , 10,200 see open interest addition and unwinding for 10,000
• Put strikes 10000, 10,100 see open interest addition

Active Stock Futures

• Jubilant Food sees open interest addition of 27 percent on short side
• Concor sees open interest addition of 18 percent on short side
• Torrent Power sees open interest addition of 16 percent on short side
• BPCL sees open interest addition of 15 percent on short side
• Divis Lab sees open interest addition of 15 percent on long side
• Apollo Hospitals sees open interest addition of 15 percent on short side
• Reliance Capital sees open interest addition of 11 percent on short side
• Wockhardt sees open interest addition of 9 percent on long side
• Voltas sees open interest shedding of 9 percent, long unwinding seen

F&O Ban

• DHFL
• Indiabulls Real Estate
• JP Associates
• JSW Energy
• Wockhardt Pharma

Hindalco to repay Rs 1,100-crore debt this month: Kumar Mangalam Birla.https://t.co/ALfltBd1dY pic.twitter.com/TJ1Yv7hSzx

Bulk Deals

• Gammon Infrastructure: Promoter Gammon Power sold 2 crore shares or 2.1 percent stake at Rs 3.15 each
• IDFC: Birla Mutual Fund sold 88 lakh shares or 0.6 percent stake at Rs 59.78 each

How India's three listed airlines fared in the first quarter. @soumeet_sarkar reportshttps://t.co/iSwW6jjgCn pic.twitter.com/Kvw3hw0O9T

Earnings To Watch

• Arvee Denims
• Autoline Industries
• Balkrishna Paper
• BF Utilities
• Chartered Logistics
• Fineotex Chemicals
• Goodluck India
• Kesoram
• Lincoln Pharma
• OK Play
• Talwalkars
• Vadilal Industries
• Veto Switch

Earnings Reaction To Watch

ISMT (Q1, YoY)

• Revenue up 8.8 percent to Rs 308 crore
• EBITDA up 69 percent to Rs 13.5 crore
• Margin expanded to 4.8 percent from 3.1 percent
• Net loss of Rs 64 crore from a loss of Rs 76 crore

Sandur Manganese (Q1, YoY)

• Revenue up 45 percent to Rs 129 crore
• EBITDA at Rs 27.5 crore
• Margin expanded to 22 percent from 8 percent
• Profit up 236 percent to Rs 18.5 crore

WPIL (Q1, YoY)

• Revenue up 81 percent to Rs 76 crore
• EBITDA up 33 percent to Rs 8 crore
• Margin narrowed to 10.8 percent from 15 percent
• Profit up 67 percent to Rs 5 crore

Walchandnagar Industries (Q1, YoY)

• Revenue up 17.5 percent to Rs 94 crore
• EBITDA up 36 percent to Rs 19 crore
• Margin expanded to 21.6 percent from 18.2 percent
• Net loss of Rs 8.5 crore from a loss of Rs 13 crore

CMI (Q1, YoY)

• Revenue up 65.5 percent to Rs 144 crore
• EBITDA doubles to Rs 18 crore
• Margin expanded to 13.6 percent from 11.7 percent
• Profit at Rs 6 crore

Kopran (Q1, YoY)

• Revenue down 19 percent to Rs 51 crore
• EBITDA down 12.5 percent to Rs 3.5 crore
• Margin expanded a little to 6.9 percent from 6.3 percent
• Profit down 50 percent to Rs 1 crore

Lovable Lingerie (Q1, YoY)

• Revenue down 9.7 percent to Rs 60.5 crore
• EBITDA down 33 percent to Rs 8 crore
• Margin narrowed to 13.2 percent from 17.9 percent
• Profit down 50 percent to Rs 6 crore

Minda Corp (Q1, YoY)

• Revenue up 19 percent to Rs 623 crore
• EBITDA down 10.2 percent to Rs 44 crore
• Margin narrowed to 7.6 percent from 10 percent
• Profit down 9.8 percent to Rs 23 crore

BPCL (@BPCLimited) plans to foray into petrochemicals, reports @Ridhima__Saxena.https://t.co/86t3f8QyqD pic.twitter.com/zqJu5Dua7A

Brokerage Radar

• Sun Pharma: Credit Suisse upgraded stock rating to ‘Outperform' from ‘Neutral' and hiked price target to Rs 595 from Rs 490
• Apollo Hospitals: CLSA maintained its ‘Buy' rating with price target cut to Rs 1,400 from Rs 1,480
• Larsen & Toubro: Citi retained its ‘Buy' rating with price target of Rs 1,452
• Axis Bank: Deutsche Bank upgraded stock to ‘Buy' from ‘Hold' and hiked price target to Rs 600 from Rs 560
• Jubilant Foods: Deutsche Bank maintained its ‘Buy' rating on the stock with price target of Rs 1,450
• HEG: Jefferies initiated coverage on the stock with a ‘Buy' rating and price target of Rs 1,050
• Graphite India: Jefferies initiated coverage on the stock with a ‘Buy' rating and price target of Rs 342

Jubilant FoodWorks clarifies on reports of bugs in seasoning.https://t.co/pOEQqDVwZL pic.twitter.com/ZNxyVZxTyv

Media Reports

• Religare: Institutional shareholders move court seeking ouster of Board. (Economic Times)
• Bharti Airtel: To tap SK Telecom's technology expertise. (Economic Times)
• SBI: Plans to list two regional rural banks. (Economic Times)
• Hindalco: May prepay debt up to Rs 1,100 crore this year. (Economic Times)
• BPCL: To invest Rs 1.08 lakh crore in 5 years to expand business operations. (Mint)
• Lupin: Scales down new drug unit, lays off 52 people. (Business Standard)
• Titan: Titan EyePlus to start making frames from December. (Business Standard)
• Coal India: To enter new mining areas, says official. (PTI)

Edelweiss ARC files complaint against Synergies Dooray resolution professional Mamta Binani.@visshy_it https://t.co/6IbAAzuYJ3 pic.twitter.com/E5ZAgAfj74

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