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

Traders work on the trading floor of the Motilal Oswal Financial Services Ltd. office in Mumbai, India. (Photographer: Vivek Prakash/Bloomberg)

Written by
Arundhati Sarkar, Isha Arora
Written by

Arundhati Sarkar

Written by

Isha Arora

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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
August 2, 2017
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
August 1, 2017
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
August 1, 2017
Today's Nifty Call
Not so ‘August' track record for the Nifty Infrastructure Index.https://t.co/NeK44SDZ61 pic.twitter.com/HZpypIimiB
August 2, 2017
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
August 2, 2017
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
August 1, 2017
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
August 1, 2017
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
August 1, 2017

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