Stocks To Watch: Godrej Industries, Idea Cellular, Inox Wind, UCO Bank

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

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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