Stocks To Watch: Dredging Corp, Hindustan Copper, Lupin, TVS

• Lupin receives U.S. FDA approval for Lidex ointment
  
• Government to sell 4 percent stake in Hindustan Copper via OFS
  
• Dredging Corp emerges lowest bidder for Mumbai Port Trust project
  
• Tata Steel completes sale of Hartlepool SAW pipe mills
  
• JSW Steel beats estimates in April-June quarter
  

The Singapore-traded SGX Nifty, an early indicator of Nifty 50's performance in India was little changed at 10,142.

All you need to know going into trade this morning. https://t.co/ahtFXm6p9g pic.twitter.com/u2VqgApuWi

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

• Lupin: Receives U.S. FDA approval for generic Lidex ointment
• GSFC: Restarts its Ammonia IV plant at 70 percent capacity
• Voltas: Rejected reports of purchasing Sharp India's AC manufacturing plant in Pune
• Dredging Corporation: Emerges lowest bidder for Mumbai Port Trust project
• Coal India: July sales at 4.43 crore tonnes compared to target of 4.49 crore tonne
• Tata Steel: Completes sale of Hartlepool SAW pipe mills
• Venus Remedies: To consider QIP issuance on August 3
• Country Club: Shareholders approve sale/transfer of assets for purpose of debt reduction

Hindustan Copper

• Government of India to sell 3.7 crore shares or 4 percent stake through OFS.
• Floor price set at Rs 64.75 per share.

Bharti Airtel may sell 3% stake in Infratel, @azmanusmani reports.https://t.co/oN8c8IR5xx pic.twitter.com/0CBSyfbocD

Other Corporate Announcements

Bharti Airtel

• Airtel Payments Bank partners with HPCL to boost digital payments
• Customers will be able to make secure and convenient digital payments at over 14,000 HPCL fuel stations

• TV Today: Acquires 100 percent stake in Vibgyor Broadcasting
• Swan Energy: Subsidiary of company signs pact worth Rs 459 crore for Jafrabad LNG Jetty
• Shilpi Cables: NCLT sets aside insolvency order against company
• Tube Investment: De-merger between the company and TI Financial Holding becomes effective
• Hitech Corporation: Board mulls setting up industrial units for manufacturing rigid plastic containers
• Global Offshore: Sold one of its vessels at loss

#Q1WithBQ | Westlife Development reports highest same-store sales growth in four years.https://t.co/VUaCj0dSSb

Today's Nifty Call

Not so ‘August' track record for the Nifty Infrastructure Index.https://t.co/NeK44SDZ61 pic.twitter.com/HZpypIimiB

July Auto Sales

• SML Isuzu: Sales down 42.4 percent at 788 units in July 2017 compared to 1,368 units in July 2016
• Hero MotoCorp: Sales up 17 percent at 6,23,269 units in July 2017 versus 5,32,113 units in July 2016
• TVS Motor: Total two-wheeler sales up 9.7 percent in July 2017 at 2,63,336 units compared to 2,48,002 units in July 2016

F&O Setup

• Nifty futures premium shrinks to 24 points from 26 points earlier
• Minor open interest addition seen on both Nifty and Bank Nifty
• Nifty range for August series in terms of open interest concentration between 10,000 to 10,500
• Max open interest on put side at 10,000 strike, open interest at 49.6 lakh shares
• Max open interest on call side at 10,500 strike; open interest at 34.5 lakh shares
• Put writing seen at 9,900 and 10,000 levels
• Call writing seen at 10,350 and 10,400 levels and unwinding at 10,300 to 10,200 levels

Stocks In F&O Ban

• Indiabulls Real Estate
• JSW Energy
• JP Associates

Active Stock Futures

• Marico sees open interest addition of 77 percent on short side
• Chennai Petro sees open interest addition of 50 percent on long side
• Tech Mahindra sees open interest addition of 29 percent on long side
• Voltas sees open interest addition of 23 percent on long side
• Eicher Motors sees open interest addition of 19 percent on long side
• Godrej Consumer sees open interest addition of 14 percent on the short side

What will push the RBI to cut rates? @visshy_it reportshttps://t.co/vvZpoWRWac pic.twitter.com/VngnOEgpft

Bulk Deals

Omkar Speciality Chemicals

• Promoter Omkar Herlekar sold 1.5 lakh shares or 0.7 percent stake at Rs 89.93 each
• He had sold 1.15 lakh shares or 0.6 percent stake on July 21 and 2.25 lakh shares or 1.1 percent stake on July 20

Ortel Communication: Kotak Mahindra Bank sold 2 lakh shares or 0.66 percent stake at Rs 43.3 each

Brokerage Radar

Power Grid

• CLSA maintained a 'Buy' rating and hiked price target to Rs 265 from Rs 240
• Morgan Stanley maintained an 'Overweight' rating on the stock with price target Rs 236

JSW Steel

• IDFC retained its 'Neutral' rating with price target Rs 223
• CLSA maintained a 'Buy' on the stock with price target Rs 300
• Credit Suisse maintained an 'Outperform' rating with price target hiked to Rs 265 from Rs 240

Marico

• Morgan Stanley maintained an 'Underweight' rating with price target at Rs 250
• Nomura retained its 'Reduce' rating on the stock and cut price target to Rs 268 from Rs 275

• Container Corp: Credit Suisse upgraded its rating to 'Neutral' from ‘Underperform' and hiked price target to Rs 1,060 from Rs 880

How is corporate India looking at the first month of GST? @PayaswiniLLB reports.https://t.co/jCEkL1Xltu

Earnings Reactions To Watch

JSW Steel (Q1, YoY)

• Net profit down 43 percent to Rs 624 crore
• Revenue up 24 percent to Rs 15,977 crore
• EBITDA down 19.6 percent to Rs 2,617 crore
• EBITDA Margin narrowed to 18 percent from 28 percent

Power Grid (Q1, YoY)

• Net profit up 13.9 percent to Rs 2,052 crore
• Revenue up 17.3 percent to Rs 7,181 crore
• EBITDA up 14.4 percent to Rs 6,200 crore
• Margins narrowed to 86.3 percent from 88.6 percent

Reliance Defence (Q1, YoY)

• Net Loss widens to Rs 230.4 crore from Rs 135 crore
• Revenue up 134 percent to Rs 165 crore
• EBITDA up 767 percent to Rs 13 crore
• EBITDA Margin expanded to 7.9 percent from 1.8 percent

TCI Express (Q1, YoY)

• Net profit up 71.4 percent to Rs 12 crore
• Revenue up 15.7 percent to Rs 203.2 crore
• EBITDA up 57 percent to Rs 18.5 crore
• EBITDA Margin expanded to 9.1 percent from 6.7 percent

EIH (Q1, YoY)

• Net profit of Rs 11.5 crore
• Revenue up 3.8 percent to Rs 284.5 crore
• EBITDA unchanged at Rs 28 crore
• EBITDA Margin contracted to 9.9 percent from 10.2 percent

Den Networks (Q1, YoY)

• Net loss narrows to Rs 10 crore
• Revenue up 27 percent to Rs 341 crore
• EBITDA up 102.5 percent to Rs 88.1 crore
• EBITDA Margin expanded to 25.8 percent from 16.2 percent

Opto Circuits (Q1, YoY)

• Net profit of Rs 9 crore
• Revenue down 5.9 percent to Rs 48 crore
• EBITDA up 39.8 percent to Rs 7.55 crore
• EBITDA Margin expanded to 15.6 percent

TCI Developers (Q1, YoY)

• Net profit down 22 percent to Rs 0.78 crore
• Revenue up 1.9 percent to Rs 2.63 crore
• EBITDA down 17 percent to Rs 1.66 crore
• EBITDA Margin narrowed to 63.1 percent from 77.5 percent

Shriram City Union Q1

• Net interest income up 19 percent to Rs 816 crore
• Provisions down 51 percent to Rs 200 crore (QoQ)
• Gross NPA at 6.76 percent from 6.73 percent (QoQ)
• Net NPA at 1.77 percent from 1.79 percent (QoQ)

JSW Steel's sales volumes hit as customers cut stock ahead of GST, reports @azmanusmani. pic.twitter.com/X4DlMNji0g

Earnings To Watch Today

India's stressed power distribution companies show first signs of improvement, reports @bhanvi_1.https://t.co/WY5EjYio7j pic.twitter.com/oLTJ2HjJ0A

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