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This Article is From Aug 10, 2016

Stocks to Watch: M&M, Indian Overseas Bank, Tata Motors and More

The early indicator SGX Nifty is little changed at 8,713.  

Stocks to Watch: M&M, Indian Overseas Bank, Tata Motors and More
Traders working on their desk. (Photographer: Jerome Favre/Bloomberg)

The Nifty Futures on the Singapore Exchange, an early indicator of Nifty performance in India, is little changed at 8,713.

Yesterday, Indian shares snapped a three-day winning streak after Governor Raghuram Rajan kept benchmark interest rates unchanged in his last monetary policy as the head of the Reserve Bank of India. (Click HERE for more details)

This morning, Asian equities retreated after climbing 4.2 percent over the previous four days, erasing declines since last month's Brexit vote as speculation grew that central banks will step forward with stimulus measures.

Here are all the stocks to watch in trade today

  • Autos: India car sales data for July (prior 154,237)
  • Indraprastha Gas: Gets letter of intent for Rewari gas distribution
  • Lupin: Expects to resolve all FDA issues in 3-6 months, says CEO
  • Aptech: Rakesh Jhunjhunwala buys 700,000 shares in company (NSE)
  • Bharat Financial: Raises Rs 50 crore via commercial papers
  • BHEL: Government names Akhil Joshi as director of power
  • Exide Industries: Nalanda India sold 41.8 million shares yesterday, NSE says
  • Fineotex Chemical: Amitabh Bachchan sold 696,393 shares yesterday, NSE says
  • Greenply Industries: Withdraws proposal to sell shares to QIBs
  • Inox Leisure: Norges Bank sold 1.94 million shares yesterday, says NSE

Media Reports

  • Tata Motors: Mistry asks Tata Motors shareholders to be patient for higher dividends (PTI)

*Moves Green Tribunal against ban on commercial diesel vehicles in Delhi

  • Reliance Industries: Rivals allege Reliance Jio bypassing rules (Economic Times)
  • Grasim Industries: Aditya Birla Group may merge Grasim, parts of Nuvo (Economic Times)
  • Hindustan Zinc: Plans to double silver output in next five years (Financial Express)
  • Apollo Tyres: Investing Rs 3,000 crore to double truck, bus tyre capacity, says Chairman (Financial Express)
  • TVS Srichakra: Enters bike radial tyre segment with Protorq (Business Line)
  • Godrej Properties: Firm to launch 12 more projects by March end (Economic Times)

IPO Watch

  • RBL Bank may announce shares price band, offer period for IPO
  • No immediate plans for Tata Technologies IPO, says Cyrus Mistry (Mint)

Earnings Reaction to Watch

  • Astrazeneca Pharma: Q1 profit Rs 10.57 crore versus Rs 2.72 crore
  • Jagaran Prakashan : Q1 profit Rs 73.64 crore versus Rs 69.86 crore
  • JK Tyre: Q1 net income Rs 100 crore versus Rs 117 crore
  • Power Finance: Q1 net Rs 1,710 crore versus Rs 1,580 crore
  • Natco Pharma: Q1 profit Rs 47.65 crore versus Rs 28.07 crore
  • Container Corp: Q1 profit Rs 178 crore versus Rs 207 crore
  • Indian Overseas Bank: Q1 loss Rs 1,450 crore versus Rs 14.76 crore profit; Gross NPA 20.48 percent end-June versus 17.4 percent end-March
  • UCO Bank: Q1 loss Rs 441 crore versus profit Rs 257 crore YoY
  • United Bank of India: Q1 net down 27 percent YoY to Rs 38.3 crore, to make up to Rs 810 crore preferential allotment to government

Earnings to Watch

  • Aarti Industries
  • Adani Transmission
  • Balmer Lawrie & Co
  • Birla Corporation
  • Bombay Dyeing
  • Chambal Fertilizers & Chemicals
  • City Union Bank
  • Corporation Bank
  • Dynamatic Technologies
  • Honeywell Automation India
  • HSIL
  • Indiabulls Real Estate
  • Indian Hotels Co
  • ITD Cementation India (Q2)
  • Jammu & Kashmir Bank
  • Mahindra & Mahindra
  • Motherson Sumi Systems
  • MT Educare
  • Punj Lloyd
  • Punjab & Sind Bank
  • Rajesh Exports
  • Suven Life Sciences
  • Thermax

AGMs to Watch

  • Adani Enterprises
  • Bharti Infratel
  • Mahindra Financial
  • Punj Lloyd Suven Life
  • Thermax

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