The Singapore traded SGX Nifty, an early indicator of Nifty's performance in India, fell 0.4 percent to 9,351.
Your Friday morning briefing.https://t.co/PwCZNWlj2E pic.twitter.com/jh8Daoeeud
Here are the stocks to watch out for in today's session:
- ONGC: ONGC Videsh drilled a total depth of 11,556 feet and discovered hydrocarbon shows of oil and gas at the Mariposa-1 well in Columbia
- Wipro: Seeks shareholder nod to issue bonus shares
- Strides Shasun: Exited probiotic and African generic manufacturing business
- Wockhardt: Approves fund raising by issuing equity shares worth not more than Rs 1,000 crore and via NCDs worth Rs 1,200 crore
- Edelweiss Financial Services: CRISIL rates proposed short-term debt issue of Rs 2,000 crore as A1+
- Oberoi Realty: Approves raising of funds up to Rs 1,500 crore via NCDs and by way of equity shares worth Rs 750 crore
- SunFlag Iron and Steel: Board approves a 50:50 Joint Venture with Uttam Galva Metallics Ltd. for an investment of Rs 5 crore to mainly participate in the fifth tranche of coal block auctions
- Indian Bank: Reduces base rate to 9.45 percent from 9.65 percent
- Noida Toll Bridge Company: Company's GDR stopped trading on the AIM segment of the London Stock Exchange
- Varun Beverages: Begins commercial operations at its new plant in Hardoi District of Himachal Pradesh
- Jaiprakash Associates: Interest on company's NCDs remain unpaid for more than three months
- Praj Industries: Launches India's first integrated bio-refinery for renewable fuels and chemicals in Pune
- TVS Motors: Tops JD Power 2017 customer satisfaction study for the second consecutive year
- IDFC: RBS sells Rs 2.56 crore shares or 1.6 percent stake at Rs 61 per share
- Time Technoplast: American Fund Insurance Series sells 14.2 lakh shares or 0.6 percent stake at Rs 127 per share
World's largest coal miner @CoalIndiaHQ considering listing on London Stock Exchange.https://t.co/LpeOv6ESRB pic.twitter.com/6NxkRavhdC
Media Reports
- MSCI Rejig: Indian Oil, Rural Electrification Corporation and Federal Bank may get included in the index on May 15. (Economic Times)
- Sun Pharma Advanced Research Company: To consider raising fund via shares. (Bloomberg)
- Fortis Healthcare: Board to consider issue of Rs 500 crore via NCDs. (Bloomeberg)
- PTC India: BSES Rajdhani signs pact with the company to buy 100 MW wind power at Rs 3.46 per kwh for 25 years. (Bloomberg)
Triple default by Jaiprakash Associates.https://t.co/PEh8pTQZoD pic.twitter.com/ztosNoo24Z
Earnings Reaction To Watch
Wockhardt (Q4, YoY)
- Net loss of Rs 207.2 crore compared to loss of Rs 13 crore
- Revenue down 14.5 percent at Rs 863.5 crore compared to Rs 1,010.25 crore
- EBITDA loss of Rs 164.3 crore compared to EBITDA of Rs 65.25 crore
L&T Infotech (Q4, QoQ)
- Net profit up 3.7 percent to Rs 244.7 crore compared to Rs 235.9 crore
- Revenue flat at Rs 1,592.9 crore compared to Rs 1,593.7 crore
- EBITDA margin expands to 17.6 percent compared to 17.05 percent
- Announces a final dividend of Rs 9.7 per share
Emami (Q4, YoY)
- Net profit up 0.9 percent at Rs 83.3 crore compared to Rs 82.6 crore
- Revenue down 4.4 percent at Rs 577.7 crore compared to Rs 604.3 crore
- EBITDA margin flat at 30.8 percent compared to 30.9 percent
- Announces final dividend of Rs 5.25 per share
HCC (Q4, YoY)
- Net profit down 4 percent at Rs 20.9 crore compared to Rs 21.8 crore
- Revenue up 13.6 percent at Rs 1,358.3 crore compared to Rs 1,196 crore
- EBITDA Margins contract to 16.5 percent from to 17.5 percent
Reliance becomes first customer for its own coal-bed methane.https://t.co/ftvMemnA3r pic.twitter.com/REdYdbnhvb
Stocks In F&O Ban
- Adani Enterprises
- Bharat Financial Inclusion
- JSW Energy
- Ujjivan Financial Services
Bad loan mess to resolve in 3 years, says @TheOfficialSBI's Arundhati Bhattacharya.https://t.co/iPhFrVV3K6 pic.twitter.com/7NHGtGnaxU
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