Stocks To Watch: Coal India, Jet Airways, Marico, Tata Steel, Torrent Power

• JSW Steel clarifies it hasn't signed any MoU to buy Italy's Aferpi.
  
• SpiceJet, Jet Airways, InterGlobe Aviation penalised by CCI for concerted action in fixing fuel surcharge on cargo transport.
  
• HDFC to sell 5.1 percent stake in Computer Age Management Services Pvt. Ltd.
  
• Marico sells entire 45 percent stake in Bellezimo Professionale products for Rs 1.6 crore.
  
• Bharti Airtel to consider raising funds via local, foreign bonds.

Asian stocks advanced as worries surrounding a trade war dissipated and U.S. equities recouped losses.

The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index's performance in India, rose 0.3 percent to 10,205.50 as of 7:05 a.m.

Indian equity benchmarks fell for a sixth straight session on Wednesday, their longest losing streak in a month, as rising crude oil prices and a widening probe into the $2 billion bank fraud kept investor sentiment subdued.

SEBI Chief raises money laundering concerns over private equity, venture capital funds.https://t.co/NMmiBsgmyR pic.twitter.com/u6dIsjeHWt

March 7, 2018

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

• Canara Bank hikes marginal cost loan rates by 10-15 basis points.
• Bharat Dynamics to raise around Rs 960 crore from IPO.
• Hero MotoCorp launches new Super Splendor at Rs 57,190 (ex-showroom, delhi).
• JSW Steel clarifies it hasn't signed any MOU to buy Italy's Aferpi.
• RBI imposes Rs 40 lakh penalty on SBI for breach of norms on counterfeit notes.
• CCI imposes penalties collectively worth Rs 55 crore on Jet Airways, IndiGo and SpiceJet for concerted action in fixing fuel surcharge on cargo transport.
• Pidilite Industries partners with Germany's Jowat SE for sale and distribution of Jowat adhesives in India and other neighbouring countries.
• HDFC to sell 5.1 percent stake in Computer Age Management Services Pvt. Ltd.
• 3i infotech allots 21.05 lakh preferential shares to Bank of Baroda under DRS package.
• Tata Steel says it is the highest bidder to acquire Bhushan Steel.
• 63 Moons Technologies says Mauritius regulator terminated exchange license.
• Strides Shasun to launch ranitidine 75 mg OTC tablets in U.S.
• Reliance Infrastructure seeks shareholder nod for raising up to Rs 2,000 crore via QIP.
• Coal India defers meeting to consider interim dividend to March 19.
• Torrent Power emerges as the winner under the reverse e-auction for setting up 124.4 mw project in Maharashtra.
• Marico sells entire 45 percent stake in Bellezimo Professionale products for Rs 1.6 crore.
• Gayatri Projects QIP opens today at a floor price of Rs 211.65 per share.
• Cabinet approves restructuring of deferred payment liabilities of telecom operators and raises spectrum limits.
• Bharti Airtel to consider raising funds via local, foreign bonds.

India sugar exports may climb to four-year high on record output.https://t.co/kpe6qCao9m pic.twitter.com/Z8eUry8u6j

March 7, 2018

Bulk Deals

• Punjab Alkalies and Chemicals: IDBI Bank sold 8 lakh shares or 3 percent equity at Rs 30.7 each.

TeamLease Services

• Heineken bought 3.71 lakh shares or 2.2 percent equity at Rs 2,150.04 each.
• Indus India Fund (Sv) bought 1.06 lakh shares or 0.6 percent equity at Rs 2,150.04 each.
• HDFC Prudence fund sold 6 lakh shares or 3.5 percent equity at Rs 2,150.02 each.

Harrisons Malayalam

• Promoter Carniwal Investment sold 13 lakh shares or 7 percent equity at Rs 77.75 each.
• Vayu Udaan Aircroaft bought 13 lakh shares or 7 percent equity at Rs 77.75 each.

Foods Inn

• Shital P Dalal sold 10,000 shares or 0.6 percent equity at Rs 1,450 each.
• Salim Mohammed Hussein Punjani bought 11,043 shares or 0.7 percent equity at Rs 1,449.56 each.

‘Rigged' system blocks use of lower-cost drugs, says FDA Chief.https://t.co/Md5stJHSTj pic.twitter.com/kvT4Y7550q

March 7, 2018

F&O Setup

• Nifty March futures closed trading at 10,171.5 premium of 17.3 points versus discount of 0.6 points
• All series: Nifty open interest down 2 percent , Bank Nifty open interest down 2 percent
• India VIX ended at 15.7, down 3.3 percent
• Max open interest for March series at 10,600 call strike (open interest at 51.3 lakh, up 34 percent)
• Max open interest for March series at 10,000 Put (open interest at 40.8 lakh, up 10 percent)

Liberty House highest bidder for Amtek Auto.https://t.co/1NM01M6FJG pic.twitter.com/1r5nYOr5Uv

March 7, 2018

F&O Ban

• In ban: Dewan Housing, HDIL, IDBI, Oriental Bank
• Out of ban: Fortis Healthcare

Only intraday positions can be taken in stocks which are in F&O ban. In case of a rollover of these intraday positions there is a penalty.

Active Stock Futures

Brokerage Radar

Motilal Oswal On Aegis Logistics

• Initiated ‘Buy' with price target of Rs 303.
• Attractive play on India's rising LPG consumption.
• Continue to believe in Aegis' structural growth story.
• Aegis to be biggest beneficiary of rising LPG imports.
• Ramp-up of Haldia and Pipavav terminals to drive throughput.
• Gas sourcing and retail & distribution segment to grow at steady pace.
• Liquids division remains a cash cow.
• Expect LPG throughput, operating income and earnings per share to compound at 51 percent, 42 percent and 51 percent respectively over the fiscal 2017-2020.
• Expect strong free cash flow as major capex behind.
• Expect return on equity and return on capital eomployed to improve to 35 percent and 31 percent respectively by March 2020.
• Management expected to announce new gas terminal in coming days.
• Further capacity expansion by March 2019 will pose an upside risk.
• Bull case price target of Rs 342.

Angel Broking on Ashok Leyland

• Initiated ‘Buy' with price target of Rs 163.
• Vehicle scrappage policy to trigger growth.
• Ashok Leyland set to capture additional growth opportunity.
• GST, improved rural demand and boom in e-commerce to drive LCV demand.
• To launch one product every six months.
• Targeting to capture new export markets.
• Expect net profit to compound at 19 percent over the fiscal 2017-2020 due to improvement in replacement demand.

INDSEC on Time Technoplast

• Initiated ‘Buy' with price target of Rs 224.
• Dominant player in Industrial Packaging.
• Established products to maintain steady growth.
• Value added products-catalyst to margin expansion.
• Composite Cylinders– enormous opportunity for the company to capitalize.
• Company to Capitalize on huge demand for DWC Pipes.
• Mox Films – New product offering to benefit in the long run.
• Remain positive on prospects of Time Techno, given dominant position and nature of products.

JP Morgan on Grasim Industries

• Maintained overweight; revised price target to Rs 1450 from Rs 1375 per share, implying a potential upside of 30 percent from the last regular trade.
• Grasim offers attractive risk-reward at current levels.
• Trading at a 52 percent Hold Co discount -near all-time high levels.
• Discount despite strong operating performance, receding capital allocation concerns.
• Standalone biz i.e. VSF & caustic business offers steady growth.
• Large capex plan of Rs 6500 crore over three years in high ROCE business a positive.
• Idea's recent capital rasing plan allays investors' concerns of meaningful investments.

CCI imposes penalties on 3 Indian airlines for concerted action in fixing and revising fuel surcharge on cargo transport.https://t.co/JR3O2BgnNU pic.twitter.com/kJxA54Tl0X

March 7, 2018

Media Reports

• Heinenken looks to buy ED seized Mallya shares in United Breweries to up stake to 58.2 percent from 44 percent now (Economic Times).
• Dalmia Bharat Cement acquisition of Binani Cement approved (Mint).
• India is said likely to cut Monsanto GM Cotton Seed Royalty (Economic Times).

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