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Stocks To Watch: Godrej Industries, Idea Cellular, Inox Wind, UCO Bank
SGX Nifty indicates a positive start to trade
15 May 2017, 08:33 AM IST
The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, gained 0.3 percent to 9,444.
Your Monday morning briefing.https://t.co/CNCSPjnQFD pic.twitter.com/eY5GAZNZWs
— BloombergQuint (@BloombergQuint) May 15, 2017
Here are the stocks to watch out for in today’s session:
Earnings Reaction To Watch
Idea Cellular (Q4, YoY)
- Net loss of Rs 327.7 crore from net profit of Rs 451.7 crore
- Average Revenue Per User (ARPU) dropped to Rs 110
- Revenue declined 14 percent to Rs 8,109.1 crore
- EBITDA Margin contracted more than 800 basis points to 27 percent
Nestle India (Q4, YoY)
- Net profit up 6.9 percent to Rs 306.7 crore
- EBITDA down 3.8 percent to Rs 526 crore
- EBITDA Margin down to 20.3 percent from 23.1 percent
UCO Bank Q4
- Net loss narrows to Rs 588.2 crore from Rs 1,715.2 crore year-on-year
- Net Interest Income down 35 percent to Rs 609.3 crore from Rs 933.11 crore
- Gross NPA at 17.12 percent from 17.18 percent (QoQ)
- Net NPA at 8.94 percent from 8.99 percent (QoQ)
Jindal Stainless (Q4, YoY)
- Net profit of Rs 161.12 crore from a net loss of Rs 171 crore
- Revenue up 24 percent to Rs 2,467.55 crore
- EBITDA Margin expands to 13 percent from 7 percent
Inox Wind (Q4, YoY)
- Net profit down 37 percent to Rs 127.5 crore from Rs 201.1 crore
- Revenue down 45 percent to Rs 1,019.2 crore from Rs 1,840.2 crore
- EBITDA Margins expand to 23 percent from 16 percent
NDTV (Q4, YoY)
- Net profit of Rs 5.3 crore from a net loss of Rs 4.5 crore
- Revenue down 9 percent to Rs 154.4 crore from Rs 169.7 crore
- EBITDA Margin expands to 11 percent from 3 percent
Gulf Oil Lubricants (Q4, YoY)
- Net profit up 7 percent at Rs 32.1 crore from Rs 30 crore
- EBITDA up 3 percent at Rs 46.5 crore from Rs 45 crore
- EBITDA Margins down to 15.5 percent from 16.5 percent
Kewal Kiran Clothing (Q4, YoY)
- Net profit up 55.5 percent at Rs 34 crore from Rs 22 crore
- EBITDA up 34 percent to Rs 47.9 crore from Rs 35.7 crore
- EBITDA Margins expand to 36.7 percent from 28.2 percent
Atul Auto (Q4, YoY)
- Net profit down 43 percent to Rs 104 crore from Rs 130 crore
- EBITDA down 40.5 percent to Rs 10.3 crore from Rs 17.3 crore
- EBITDA Margins down to 9.9 percent from 13.4 percent
Central Bank of India Q4
- Net loss narrows to Rs 591.8 crore from Rs 898 crore year-on-year
- Gross NPA widens to 17.8 percent from 14.14 percent sequentially
Brokerage Calls
- Asian Paints: Cut to 'Hold' at Reliance Securities
- Blue Star: Raised to 'Buy' at YES Research with price target of Rs 763
- Glenmark Pharma: Cut to 'Hold' at IDBI Capital Markets
- Glenmark Pharma: Cut to 'Neutral' at IDFC Securities
Source: Bloomberg
Havells India
- Raised to 'Buy' at ICICI Direct with price target of Rs 570
- Cut to 'Market Perform' at Cholamandalam Securities
- Cut to 'Neutral at JPMorgan with price target of Rs 480
Source: Bloomberg
United Bank of India
- Revises marginal cost-based lending rate (MCLR) rates for various tenors
- 1-year revised to 8.75 percent from 8.8 percent
- 6-month revised to 8.6 percent from 8.65 percent
- 3-month revised to 8.4 percent from 8.45 percent
- 1-month revised to 8.25 percent from 8.35 percent
- Overnight revised to 8.2 percent from 8.3 percent
Corporation Bank
- Revises MCLR rates for various tenors
- 1-year revised to 8.75 percent
- 6-month revised to 8.65 percent
- 3-month revised to 8.3 percent
- 1-month revised to 8.2 percent
- Overnight revised to 8.2 percent
Orient Bells
- Orient Bell Holding Trust sold entire stake in Orient Bell Limited for Rs 43.7 crore.
- Orient Bell Holding Trust was vested with these shares due to erstwhile amalgamation of Bell Ceramics with Orient Ceramics.
- Proceeds to be used for enhancing manufacturing capacity, increasing network presence and brand building
- NBCC: Secured total business worth Rs 315.24 crore in the month of April 2017
- GMR Infra: Subsidiaries enter into an agreement to divest its fully-owned Indonesian coal mining entities to PT Gems, Indonesia
- JSW Energy: Defers its buyout of Jaiprakash Power Ventures Ltd.’s thermal power plant at Bina in Madhya Pradesh for another six months.
- Godrej Industries: Board of Directors of subsidiary Godrej Agrovet Ltd. grant approval for the proposed IPO
- TGB Hotels: Sold its Surat property for Rs 160 crore and the proceeds have been utilised to repay outstanding bank loans. Company has now become debt free post the repayment
- IndiaBulls Ventures: Merrill Lynch Markets Singapore PTE. Ltd. buys 27.5 lakh shares at Rs 149.99 each
- The Jammu & Kashmir Bank: Board approves fund raising worth up to Rs 1,000 crore
- Edelweiss Financial Services: ICRA assigned ICRA A1+ rating to the proposed commercial paper programme of Rs 5,000 crore
- Hindustan Copper: Board to consider fund raising on May 17
Today’s Nifty Call
Stocks In F&O Ban
- Canara Bank
- Ceat
- HDIL
- Indiabulls Real Estate
- IFCI
- Jain Irrigation
- JSW Energy
- Karnataka Bank
- Orient Bank
- Syndicate Bank
- Ujjivan Financial Services
Media Reports
- Dhunseri Petrochem: Uno Pizzeria to enter Indian market after tie-up with Dhanukas of Dhunseri Group. (Economic Times)
- Tea Companies: Darjeeling tea prices up 25 percent on lower output. (Economic Times)
- Piramal Enterprises: Seeking home finance licence. (Economic Times)
- Adani Group: Likely to begin extracting coal from Carmichael in FY21. (Economic Times)
- IL&FS Engineering: Wins Rs 560 crore orders in Jharkhand. (Financial Express)
- UCO Bank: RBI initiates Prompt Corrective Action. (Financial Express)
- Vijaya Bank: To raise Rs 1,000 crore. (Financial Express)
- Godrej Consumer: To expand soap, hair colour basket. (PTI)
- Dewan Housing: Aims for 20 percent growth in FY18, AUMs to cross Rs 1 lakh crore. (PTI)
- Corporation Bank: To consider raising capital on May 20. (Bloomberg)
- Power Grid Corporation: Approves setting up Medium-Term Note program of $1 billion. (Bloomberg)
Earnings To Watch Today
Vedanta Q4FY17 Bloomberg Estimates (YoY)
- Revenue seen rising 38.9 percent to Rs 21,979 crore from Rs 15,829 crore
- Net profit seen jumping 3 times to Rs 2,803 crore from Rs 955 crore
- EBITDA seen rising 107 percent to Rs 7,184 crore from Rs 3,472 crore
Colgate Palmolive Q4FY17 Bloomberg Estimates (YoY)
- Revenues seen 3.1 percent higher at Rs 1,133 crore from Rs 1,099 crore
- EBITDA seen 7.4 higher at Rs 260 crore from Rs 242 crore
- EBITDA margins seen at 22.9 percent vs 22 percent
- Net Profit seen 7.5 percent higher at Rs 157 crore from Rs 146 crore
Bata India Q4FY17 Bloomberg Estimates (YoY)
- Revenues seen 8.6 percent higher at Rs 592 crore from Rs 545 crore
- EBITDA seen 11.5 percent higher at Rs 62 crore from Rs 55.6 crore
- EBITDA margins seen at 10.5 percent from 10.2 percent
- Net Profit seen 27 higher at Rs 35.5 crore from Rs 27.9 crore
Other Key Earnings
- Indo Count Industries
- Kajaria Ceramics
- Mangalore Refinary and Petrochemicals
- Polaris Consulting and Services
- Chennai Petroleum
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