Stocks To Watch: HDFC Bank, IRB Infra, Indraprastha Gas, Shriram Transport

• Shriram Transport says merger talks with IDFC are still going on
  
• Indraprastha Gas is said to win India's Karnal City Gas license (Bloomberg)

• Karnataka Bank reduces one year MCLR by 5 basis point to 8.85 percent per annum
• Indian Overseas Bank allots 2.85 percent stake to government on a preferential basis

The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index's performance in India gained 0.18 percent to 9,944.

All you need to know going into trade this Tuesday. https://t.co/l4uN4yuObR pic.twitter.com/EHbJTsSlmS

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

• Gujarat Textile: Gujarat government extends Textile Policy 2012-17 for one more year
• Shriram Transport: Says merger talks with IDFC still on
• Indraprastha Gas: Said to win India's Karnal City Gas license, according to a Bloomberg report
• IRB Infra: Starts toll collection for construction at Udaipur tollway
• Karnataka Bank: Reduces one-year marginal cost of funds based lending rate (MCLR) by 5 basis point to 8.85 percent per annum
• Indian Overseas Bank: Allots 2.85 percent stake to government on a preferential basis

Is @EurasiaGroup's @ianbremmer more worried about Trump than Kim Jong-Un?
Reports @menakadoshihttps://t.co/0VU1VNFqTL

Brokerages On Reliance Housing Finance Post Management Meet

ICICIDirect Says

• Expect Listing at Rs 115-120
• Management targets AUM to reach Rs 50,000 crore by FY20
• Management expects return on equity to sustain at 15 percent
• Networth seen at Rs 1,400-1,500 crore at time of listing
• Reliance Capital's market price can adjust lower by Rs 70-80 a share post demerger

Edelweiss Says

• Company valued at Rs 3,360 crore translating to Rs 137 a share
• Demerger will entail sharper focus and more efficient capital allocation
• Currently high growth average margins business
• Scaling business along with cost focus to improve cost and return ratios
• Return on assets to improve to 1.5 percent versus current 1 percent

Corporate Announcements

• Satasundar Ventures: Incorporates subsidiary Genu Path Labs for an investment of Rs 10 lakhs
• Bhartiya International: Increased stake in Bhartiya City Developers Ltd to 36.77 percent
• Piramal Enterprises: Subsidiary, Piramal Housing Finance Private Ltd. receives approval from National Housing Bank to commence Housing Finance Business
• Maruti Suzuki: Total Production increased 23.3 percent year-on-year to 1,57,863 units

Mahindra & Mahindra (YoY)

• Total production up 10 percent to 44,299 units
• Total sales up 7 percent to 39,534 units
• Exports down 29.2 percent to 2,582 units

#IPLMediaRights | @starindia's Uday Shankar explains the number game to @TamannaInamdar.https://t.co/ejPS4V8FpI pic.twitter.com/deOhQzuQA2

F&O Setup

• Nifty September futures closed at a premium of 14.6 points from 33 points earlier
• Nifty September futures closed at 9927.65, open interest up 3 percent
• India's volatility index surged 12.7 percent to close at 13.1
• September series' highest call base at 10000 (open interest at 44.6 lakh, open interest up 27 percent)
• September series highest put base at 9700 (open interest at 44.6 lakh, open interest up 11 percent)
• Call strikes 9900, 10000, 10,100 see open interest addition
• Put strikes 9600, 9700 see open interest addition & unwinding seen at 9900

Active Stock Futures

• Oil India saw open interest addition of 21 percent on long side
• United Spirits saw open interest addition of 14 percent on long side
• Berger Paints saw open interest addition of 11 percent on short side
• IOC saw open interest addition of 11 percent on short side
• Tata Elxsi saw open interest addition of 9 percent on long side
• OFSS saw open interest addition of 9 percent on long side
• Cipla saw open interest addition of 9 percent on short side
• IndusInd Bank saw open interest shedding of 9 percent, long unwinding seen

F&O Ban

• Indiabulls Real Estate
• JSW Energy

Only intraday positions can be taken in stocks under F&O ban. There will be a penalty in case of a rollover.

The onus to fix the Indian railways (@RailMinIndia) problem lies with @PiyushGoyal. @bhanvi_1 reportshttps://t.co/cEYSTgmISp pic.twitter.com/QLvJx56A6i

Bulk Deals

Career Point

• Fidelity Asian Values sold 5.67 lakh shares or 3.1 percent stake at Rs 125.75 each
• Fidelity Funds – Asian Smaller Companies Pool sold 6.17 lakh shares or 3.4 percent stake at Rs 125.75 each
• Sunaina Nareshkumar Saraf bought 2 lakh shares (1.1 percent stake) at Rs 126.7 (average)
• Wallfort Financial Services bought 1.9 lakh shares or 1 percent stake at Rs 128.22 each

• Religare Enterprises: HDFC sold 11.35 lakh shares or 0.6 percent stake at Rs 44.71 each

Apex Frozen Foods

• BNP Paribas Arbitrage sold 2 lakh shares or 2.3 percent stake at Rs 211.95 each
• GIRIK Wealth bought 3.1 lakh shares or 3.5 percent stake at Rs 211.91 each

Taxpayers get up to 15 more days to file #GST returns. @Nikunj_Ohri reportshttps://t.co/VmKqABof6F pic.twitter.com/DZrNRgZz7p

Earnings To Watch

• Aegis Logistics
• Ortel Communications
• Sharda Motors
• Skipper

Earnings' Reactions To Watch

FIEM Industries (Q1, YoY)

• Revenue grew 19.7 percent to Rs 325.5 crore
• EBITDA unchanged at Rs 31 crore
• Margin narrowed to 10.7 percent from 12.7 percent
• Profit fell 13 percent to Rs Rs 10 crore

Gandhi Special Tubes (Q1, YoY)

• Revenue grew 6.9 percent to Rs 31 crore
• EBITDA up 11.1 percent to Rs 10 crore
• Margin expanded to 35.7 percent from 34.6 percent
• Profit rose 1.1 percent to Rs 8.8 crore

Manali Petro (Q1, YoY)

• Revenue down 4.7 percent to Rs 163 crore
• EBITDA fell 62 percent at Rs 6 crore
• Margin narrowed to 4.1 percent from 10.2 percent
• Profit declined 81.8 percent to Rs 2 crore

HDFC Bank is now a systemically important bank, says RBI.https://t.co/QDWn7dKcSt pic.twitter.com/oagKl6Xb2d

Brokerage Radar

• United Spirits: CLSA maintained a 'Sell' on the stock with price target hiked to Rs 1,750 from Rs 1,600
• Bharat Financial Inclusion: Credit Suisse reiterated its 'Outperform' rating with price target hiked to Rs 1,055 from Rs 920
• Indraprastha Gas: Citi maintained its 'Buy' rating on the stock with price target of Rs 1,390
• Jain Irrigation Systems: KRChoksey initiated coverage on the stock with a 'Buy' rating and price target of Rs 162
• Reliance Industries: Morgan Stanley retained an 'Overweight' rating with price target of Rs 1,823
• Tech Mahindra: HSBC reiterated its 'Buy' on the stock with price target of Rs 460
• IPCA Labs: IDFC maintained its 'Neutral' stance on the stock with price target of Rs 455

Sun TV

• Credit Suisse retained its 'Outperform' rating with price target of Rs 980
• CLSA maintained a 'Buy' rating with price target hiked to Rs 965 from Rs 890

Reliance Capital to gain after demerger of housing finance arm, says ICICI Securities.@shraddha_babla reportshttps://t.co/BdSwFS5gAQ pic.twitter.com/DY5V2tob2O

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