Stocks To Watch: Cipla, RCom, Tata Chemicals, L&T Infotech, Torrent Power

• Reliance Communications signs pact with Veecon Media & TV to sell Reliance Big TV's DTH operations across India.

• Shreyas Shipping sold its vessel M.V.SSL Sagarmala for a consideration of $1.24 million.
• Tata Chemicals announced the sale of its Phosphatic Fertilisers business, to IRC Agrochemicals Pvt. Ltd. for Rs. 375 crore

Indian equity benchmarks were little changed as gains in carmakers were offset by losses in Reliance Industries, Bharti Airtel and Axis Bank.

The S&P BSE Sensex rose 0.14 percent to 33,731 and the NSE Nifty 50 Index was little changed at 10,451.80.

The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index's performance in India, rose 0.2 percent to 10,498 as of 7:00 a.m.

Get ready for today's trade. https://t.co/Rihr4DLl82

Here are the stocks to watch out for in Tuesday's session:

• Reliance Communications: RCom in-pact with Veecon Media & TV to sell Reliance Big TV's DTH operations across India.
• Bank of Maharashtra: Set 1-Year MCLR at 8.65 percent, effective from today.
• Axiscades Engineering Technologies: To acquire Mistral solutions for Rs 175 crore.
• Shreyas Shipping: Sold its vessel M.V.SSL Sagarmala for a consideration of $1.24 million.
• Sagar Cement: Production up 15.5 percent in October at 195,066 million tonne.
• Narayana Hrudayalaya: To acquire 71.4 percent stake in Health City Cayman Islands through its subsidiary for $32.26 million.
• Muthoot Capital Services: Launched QIP to raise Rs 200 crore. Price band at Rs 601-610 per share, as per term sheet.
• Mercator launches QIP. Floor price at Rs 44.65 per share.
• Sun Pharma's subsidiary Taro to report results tonight.
• Tata Chemicals sells its Phosphatic Fertilisers business, to IRC Agrochemicals Private Ltd. for Rs. 375 crore.

RCom to sell DTH unit to Veecon Media and Television.https://t.co/2YbfZeC4FZ pic.twitter.com/PmG87GfqJ7

IPO Watch

• Khadim India IPO closed with a final subscription of 1.9 times.
• HDFC Standard Life Insurance IPO opened with an issue price Rs 275-290 per share.

HDFC Standard Life IPO opens tomorrow: Here's all you need to know@dhanuka_saloni reports.https://t.co/znkSgc1xIr pic.twitter.com/RlwfXo4Rm2

Circuit Revisions

• Circuit filter revised to 10 percent: STCI, Hindustan Copper, ILFS Engineering.

Everstone to buy Kenstar from Videocon as Crompton Greaves backs out.https://t.co/786hoR8leL pic.twitter.com/VkMun0xdI0

F&O Setup

• Nifty November futures closed at 10,489.5, premium of 37.7 points versus 34 points.
• November contracts: Nifty open interest up 1 percent; Bank Nifty open interest up 7 percent.
• India VIX closed at 9.3 percent higher at 13.
• Max open interest for November series at 10,500 Call (Open interest at 32.8 lakh, up 8 percent).
• Max open interest for November series at 10,000 Put (Open interest at 62.5 lakh, up 1 percent).

F&O Ban

• In ban: DHFL, HDIL, Indiabulls Real Estate, Infibeam, JSW Energy, Reliance Communications, Wockhardt.
• New in ban: DHFL, Infibeam, Wockhardt.

Only intraday positions can be taken in stocks which are in F&O ban. In case of rollover of these intraday positions there is a penalty.

Active Stock Futures

Bulk Deals

Parag Milk Food: Abu Dhabi Investment Authority sold 4.96 lakh shares or 0.6 percent stake at Rs 282.5 each.

CLSA's Mahesh Nandurkar on Q2 earnings season.https://t.co/gdfIruxz2w pic.twitter.com/j2gQW5rID4

Earnings Reactions To Watch

Torrent Power (Q2, YoY)

• Revenue up 9 percent at Rs 2915 crore.
• Net Profit up 125 percent at Rs 317.6 crore.
• EBITDA up 27 percent at Rs 838 crore.
• Margin at 28.7 percent versus 24.6 percent.

Just Dial (Q2, QoQ)

• Revenue up 2.4 percent at Rs 194.5 crore.
• Net profit down 1.8 percent at Rs 37.5 crore.
• EBIT up 19.7 percent at Rs 39.5 crore.
• Margin at 20.3 percent versus 17.4 percent.

L&T Infotech (Q2, QoQ)

Replying to @BloombergQuint#Q2WithBQ | L&T Infotech's net profit jumps 2.2%, beating estimates.https://t.co/ydR6Mg3q3u pic.twitter.com/0HrFSpiBXO

• Revenue from operations up 4.8 percent at Rs 1,751 crore.
• Net profit up 2.2 percent at Rs 273 crore.
• EBIT up 5.1 percent at Rs 286 crore.
• Margin flat at 16.3 percent.

KEC International (Q2, YoY)

• Revenue up 3 percent at Rs 2,132 crore.
• Net profit up 37.5 percent At Rs 89.4 crore.
• EBITDA up 16.5 percent at Rs 215.8 crore.
• Margin at 10.1 percent versus 8.9 percent.

NRB Bearings (Q2, YoY)

• Revenue up 16 percent at Rs 208 crore.
• Net profit up 24 percent at Rs 21 crore.
• EBITDA up 18.5 percent at Rs 41.7 crore.
• Margin at 20 percent versus 19.6 percent.

Gujarat Industries (Q2, YoY)

• Revenue up 2.6 percent at Rs 323.7 crore.
• Net Profit up 5.5 percent at Rs 53.3 crore.
• EBITDA up 26.7 percent at Rs 119.6 crore.
• Margin at 36.9 percent versus 29.9 percent.

Gulf Oil Lubricants (Q2, YoY)

• Revenue up 22.3 percent at Rs 323 crore.
• Net profit up 37.9 percent at Rs 40 crore.
• EBITDA up 40.9 percent at Rs 62 crore.
• Margin at 19.2 percent versus 16.67 percent.

Jaiprakash Power Ventures (Q2, YoY)

• Revenue up 24.6 percent at Rs 826 crore.
• Net loss of Rs 157 crore from a loss of Rs 162 crore.
• EBITDA up 8.6 percent at Rs 303 crore.
• Margin at 36.7 percent versus 42.1 percent.

Thomas Cook (Q2, YoY)

• Revenue up 27.9 percent at Rs 2,676 crore.
• Net profit up 166.67 percent at Rs 24 crore.
• EBITDA down 2.2 percent at Rs 66.5 crore.
• Margin at 2.5 percent versus 3.3 percent.

Gujarat Gas (Q2, YoY)

• Revenue up 12 percent at Rs 1391.4 crore.
• Net profit down 12 percent at Rs 61 crore.
• EBITDA down 3.2 percent at Rs 202.6 crore.
• Margin at 14.6 percent versus 16.9 percent.

TRF Ltd (Q2, YoY)

• Revenue up 7.3 percent at Rs 219 crore.
• Net loss of Rs 32 crore from a loss of Rs 16 crore.
• EBITDA loss at Rs 37 crore from Rs 0.5 crore
• Margin at -17 percent from 0.2 percent

Oil trades near 2-year high after Saudi prince purges officials.https://t.co/HgkaZPZFK7 pic.twitter.com/jToCPSGKcj

Brokerage Radar

• DCB Bank: JM Financial initiated 'Buy' with price target of Rs 230; Potential upside of 27 percent.
• Federal Bank: JM Financial initiated 'Buy' with price target of Rs 140; Potential Upside of 21 percent.
• City Union Bank: JM Financial initiated 'Buy' with price target of Rs 140; Potential upside of 13 percent.
• Cummins India: Nomura Maintained 'Neutral'; Cut price target to Rs 898 from Rs 909.
• Nestle India: Maintained 'Outperform'; hiked price target to Rs 8,200 from Rs 7,700
• Just Dial: Morgan Stanley Maintained 'Underweight' with price target of Rs 360.

Rural Electrification

• Deutsche Bank: Maintained 'Buy' with price target of Rs 200.
• UBS: Maintained 'Buy' with price target of Rs 235.

Media Reports

• Srinivas, Vemuri lead race for post of CEO at Infosys (Economic Times)
• Bajaj Auto raises vehicle prices, TVS to follow suit as input costs shoot up (Economic Times)
• ONGC, GAIL look to bid for Jubilant arm (Business Standard)
• HDFC life raises Rs 2,322 crore from anchor investors (Business Standard)

#BQExclusive | #Demonetisation added to the loss of jobs and rising inequality in India: Former PM Manmohan Singhhttps://t.co/AFWmFGxq1K pic.twitter.com/nEI2vTe6p0

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