Stocks To Watch: Dr. Reddy’s Labs, Reliance Communications, GMR Infra, Power Grid

• Reliance Communications says merger with Aircel ‘lapsed with mutual consent'
• Dr. Reddy's launched Renvela's generic version in the U.S. markets
• GMR Infra to raise up to Rs 2,500 crore via securities' issue
• Greenko made $2.1 billion bid for Reliance Infra's Mumbai power business
• Power Grid entered into a term loan agreement for Rs 3,270 crore with ICICI Bank
• Indiabulls Ventures to raise Rs 2,000 crore via rights issue

The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index's performance in India gained 0.2 percent to 9,859 as of 7:30 am.

All you need to know going into trade today.https://t.co/fT4Vi2kcxk pic.twitter.com/3uPtnIB4Xf

October 3, 2017

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

• Reliance Communications: Said merger with Aircel ‘lapsed by mutual consent.'
• PNC Infratech: Declared lowest bidder for Rs 2,160 crore road order in Uttar Pradesh
• GMR Infrastructure: To raise up to Rs 2,500 crore via securities issue
• Jet Airways: In talks with Air France-KLM for joint venture, reported La Tribune
• TCS: The U.S. district court halved compensatory and punitive damages to $420 million in Epic case for TCS
• Apollo Tyres: Said no intention for making attempts to buy Kumho
• Reliance Infrastructure: Greenko makes $2.1 billion bid for Reliance Infra's Mumbai's power business, reported The Economic Times
• Dr. Reddy's: Launched the Sevelamer Carbonate Tablets in the U.S. markets
• Energy Efficiency Services Ltd. : To procure 10,000 electric vehicles from Tata Motors
• Power Grid: Enters into a term loan agreement for Rs 3,270 crore with ICICI Bank
• Hindustan Unilever: Board agrees to divest its entire stake in Kimberly-Clark Lever in order to focus on its core business
• Phoenix Mills: Acquires further 6.07 percent stake in Offbeat Developers for Rs 34 crore
• Jindal Poly Films: Netherlands unit completes acquisition of Apeldoorn Flexible Packaging Holding for 86.9 million euros
• Punjab Chemicals: Sold its Argentina unit through its subsidiaries
• Jubilant Life Sciences: Receives approval from Health Canada for RUBY Elution System and proprietary RUBY consumable accessories
• Peninsula Land: Entered into an agreement for the sale of company's property located in Pune for Rs 226 crore
• Indiabulls Ventures: To raise Rs 2,000 crore via rights issue

Under #GST, exporters are required to pay Integrated GST on exports and then claim refunds. https://t.co/s3E6cTXIC8

October 2, 2017

Other Corporate Announcements

• Alok Industries: ECL Finance agrees to give Rs 150 crore as interim finance to the company
• Radha Madhav Corporation: To pay Rs 35.25 crore under One Time Settlement Scheme to Bank of Baroda
• Tata Teleservices: Lock-in on shares held by Promoters Tata Sons extended to September 29, 2018
• SH Kelkar: Acquired 100 percent stake in VN Creative Chemicals Pvt. Ltd.
• Jagran Prakashan: HDFC MF increases stake in the company to 7.09 percent from 5.01 percent
• Tejas Networks: Paid fees to the tune of Rs 15.77 lakh to the Reserve Bank of India
• L&T Infotech: Board approved transfer of 25.1 percent stake in its South African arm to Rossex Investments
• SpiceJet: Bombardier inked $1.7 billion deal with SpiceJet for sale of 50 aircrafts, reported Bloomberg

GP Petroleums

• To shift operations of its Daman plant to Vasai plant
• To set up a new plant at Valsad, Gujarat with an expected capacity of 1 lakh KL for an initial investment of Rs 75 crore

Dr. Reddy's

• Announces launch of generic version of Renvela in the U.S. markets
• Renvela has U.S. branded sales of $1.88 billion as per IMS data
• Renvela has U.S. net sales of $800 million as per IMS data
• Product has been approved from its Vizag SEZ manufacturing site
• Dr. Reddy's product is the second approved generic in the market post Aurobindo

For these two Indian companies, the best may well be yet to come.https://t.co/bVeVZA1DqS pic.twitter.com/renz5LTNbh

October 3, 2017

IPO Watch

• SBI Life Insurance listed with issue price of Rs 700 per share
• Government approved sale of 10 percent stake in Hindustan Aeronautics

SBI Life Insurance to make its stock market debut tomorrow, reports @dhanuka_saloni.https://t.co/8dSJWS0Qkx pic.twitter.com/zj6grlOmix

October 2, 2017

Today's Nifty Call

F&O Setup

• Nifty October Futures premium at 12 points versus 18 points previous day
• October Futures-Nifty Open Interest up 4 percent, Bank Nifty Open Interest at 6 percent
• India VIX closed lower by 5.2 percent at 12.48
• October series highest Call base at 10,000 (Open Interest at 48.3 lakh, up 19 percent)
• October series highest Put base at 9700 (Open Interest at 35.2 lakh, Open Interest up 4 percent)
• October call strikes 9900, 10,000 and 10,100 see Open Interest addition
• October put strikes 9600, 9700 and 9800 see Open Interest addition

Active Stock Futures

• JSW Energy sees open interest addition of 24 percent on long side
• Indiabulls Real Estate sees open interest addition of 20 percent on long side
• Canara Bank sees open interest addition of 19 percent on short side
• GAIL sees open interest addition of 17 percent on long side
• Titan sees open interest addition of 15 percent on long side
• Ramco Cement sees open interest addition of 14 percent on long side
• JPA sees open interest addition of 12 percent on long side
• Escorts sees open interest addition of 9 percent on long side

F&O Ban

• Indiabulls Real Estate

Only intraday positions can be taken in stocks which are in F&O ban. There will be a penalty in the case of a rollover.

Here's how foreign and local funds played the market on Friday.https://t.co/fT4Vi2kcxk pic.twitter.com/GmHTcwqAZ3

October 3, 2017

Bulk Deals

Tourism Finance Corporation of India

• IFCI sold 1.93 crore shares or 24 percent stake at Rs 150 each
• Redkite Capital bought 1.07 crore shares or 13.3 percent stake at Rs 150 each
• India Opportunities III PTE bought 32.28 lakh shares or 4 percent stake at Rs 150 each
• Koppara Sajeeve Thomas bought 20.50 lakh shares or 2.5 percent stake at Rs 149.92 each
• Centrum Capital bought 16.15 lakh shares or 2 percent at RS 150 each

Gulf Oil Corp

• Hinduja Power Ltd. bought 8 lakh shares or 1.6 percent stake at RS 518 each
• Dilipkumar Vishindas Lakhi sold 4.49 lakh shares or 0.9 percent stake at Rs 518 each
• IAM Ltd. sold 3.50 lakh shares 0.7 percent stake at Rs 518 each

CDSL

• FID Funds (Mauritius) sold 7.58 lakh shares at Rs 344.74 each

Radico Khaitan

• Reliance Capital Trustee Co. Ltd. A/c Reliance Growth Fund sold 11.7 lakh shares or 0.9 percent stake at Rs 160.19 each
• OHM Investment Corp bought 9.50 lakh shares or 0.7 percent stake at Rs 160 each

NCC

• Promoter Alluri Gopala Krishnam Raju sold 30 lakh shares or 0.5 percent stake at Rs 82.5 each
• Sirisha Projects Pvt Ltd. bought 50 lakh shares or 0.9 percent stake at Rs 82.6 each

Cadbury Dairy Milk maker eyes India's hinterland to expand business, reports @sharleendsouza.https://t.co/RffU85oO8H pic.twitter.com/tcjgaSJxqD

October 2, 2017

Auto Sales For September

• Maruti Suzuki Sales at 163,071 units versus 149143 units last year, up 9 percent (estimate of 162,000)
• Tata Motors sales at 57,852 units versus 48648 units last year, up 19 percent (estimate of 54,100)

Maruti Suzuki has been gradually ramping up production of Baleno, says Senior Executive Director RS Kalsi.https://t.co/0A5Qh0rNNz pic.twitter.com/chMEBsIzCD

October 2, 2017

• Eicher Royal Enfield sales at 70,431 units versus 57,842 units last year, up 22 percent (estimate of 71,000)
• Eicher VECV sales at 6,083 units versus 4843 units last year, up 26 percent (estimate of 5,000 units)

• Bajaj Auto sales at 428,752 units versus 376,765 units last year, up 14 percent (estimate of 392,000)

Bajaj Auto's sales growth hits 18-month high in September, reports @journoanirudh.https://t.co/GMxKiyGEuL pic.twitter.com/YsDsfkPROY

October 2, 2017

Brokerage Radar

• Pidilite Industries: Credit Suisse maintained ‘Outperform' with price target cut to Rs 910 from Rs 920
• Coal India: IDFC Securities initiated coverage on the stock with an ‘Outperform' with price target of Rs 310
• GAIL: Nomura maintained ‘Buy' on the stock with price target hiked to Rs 600 from Rs 470
• ONGC: Jefferies retained its ‘Buy' rating on the stock with price target of Rs 200

Here are five tailwinds set to boost the global market rally.https://t.co/bWOxnR2LaV pic.twitter.com/ir7yEOfWcd

October 3, 2017

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