Stocks To Watch: SBI, Indiabulls Housing Finance, M&M Finance, UFO Moviez

• SBI to increase rates on deposits of Rs 1 crore and above by 100 basis points effective today.
• Infosys Finacle launches blockchain-based trade finance solution for banks.
  
• Maithan Alloys completes acquisition of Salanpur Sinters and Anjaney Minerals.
  
• New York State Insurance Fund partners with Majesco USA.
  
• Allahabad Bank cuts MCLR by 5 basis points across tenures.

Indian equity benchmarks were little changed a day ahead of July-September quarter GDP data and futures and options expiry for the November series.

The S&P BSE Sensex was little changed at 33,602.76 and the NSE Nifty 50 Index was also little changed at 10,361.

The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index's performance in India, fell 0.6 percent to 10,303.50 as of 7:20 a.m.

Your Thursday morning briefing.https://t.co/yLxRZj8akW pic.twitter.com/keT0WApjZP

Here Are The Stocks To Watch Out For In Thursday's Session:

• SBI to increase rates on deposits of Rs 1 crore and above by 100 basis points on Thursday.
• Indiabulls Housing Finance's rating upgraded by Crisil to AAA.
• Infosys Finacle, part of Infosys, launched blockchain based trade finance solution for banks.
• India Motor Parts & Accessories acquired 90 percent stake in CAPL Motor Parts Pvt. Ltd. for Rs 4.5 crore.
• Maithan Alloys completes acquisition of Salanpur Sinters and Anjaney Minerals.
• Aban Offshore sets up subsidiary Aban Hydrocarbons Pte in Singapore.
• New York State Insurance Fund partners with Majesco U.S.A.
• Mahindra Finance to raise Rs 1,055 crore by issuing 2.5 crore equity shares at a price of Rs 422 each to Mahindra and Mahindra Ltd.
• Allahabad Bank cuts MCLR by 5 basis points across tenures.
• Focus will also be on the changes to MSCI India index, which will be effective from Dec. 1. Stocks such as Britannia Industries, Petronet LNG, Vakrangee will be added to MSCI India Index, while Apollo Hospitals will be excluded.

IBC Amendments will act as a big deterrent for companies from becoming non-performing assets, says Chanda Kochhar.https://t.co/zvFTwUGhdy pic.twitter.com/vLJLnO35Kf

F&O Setup

• Nifty November futures closed at 10,360.5 discount of 0.5 points from a premium of 7.3 points.
• Nifty Dec. futures trading at 10,399.4, premium of 38 points from a premium of 48.7 points.
• All series: Nifty open interest unchanged; Bank Nifty open interest down 3 percent.
• Rollover: Nifty at 46 percent, Bank Nifty at 32 percent.
• India VIX closed 0.6 percent lower at 13.06.
• Max open interest for Nov. series at 10,500 Call (open interest at 73.9 lakh, open interest up 9 percent).
• Max open interest for Nov. series at 10,000 Put (open interest at 56.1 lakh, down 1 percent).

Yes Bank's board approves proposal to set up MTN programme to raise about Rs 6,500 crore on private placement basis.https://t.co/f46AVH8Yoz pic.twitter.com/CONrTFAw1J

F&O Ban

• In ban: DHFL, GMR Infrastructure, Infibeam, JP Associates, JSW Energy, Oriental Bank, Reliance Communications and TV18 Broadcast.
• New in ban: Reliance Communications.
• Out of ban: Fortis, HDIL, Jet Airways, Jain Irrigation, Syndicate Bank and Wockhardt.

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

Active Stock Futures

Bulk Deals

• GNA Axles: Promoter Rachhpal Singh sold 10.50 lakh shares or 4.9 percent equity stake at Rs 388.32 each.
• Subex: QVT Mauritius West Fund – FCCB AC sold 36 lakh shares or 0.6 percent equity stake at Rs 8.65 each.

Action Construction Equipment

• GMO Emerging Domestic Opportunities Fund bought 10.67 lakh shares or 0.9 percent equity stake at Rs 136.84 each.
• Promoter Mona Aggarwal sold 49.90 lakh shares or 4.3 percent equity stake at Rs 135.97 each.

Den Networks

• Norges Bank bought 23.88 lakh shares or 1.2 percent equity stake at Rs 92.75 each.
• The Spruce House Partnership LP sold 29.48 lakh shares or 1.5 percent equity stake at Rs 92.76 each.

Pro Fin Capital Services

• New Leaina Investments bought 59,000 shares or 0.8 percent equity stake at Rs 235 each.
• LTS Investment Fund sold 59,444 shares or 0.8 percent equity stake at Rs 235 each.

SBI raises bulk deposit rates by 100 basis points.https://t.co/4wCJS8WZqx pic.twitter.com/jBSuduX5q0

Earnings Reactions To Watch

Mukta Arts (Q2, YoY)

• Revenue up 42 percent at Rs 37 crore.
• Net profit of Rs 9.4 crore.
• EBITDA at Rs 8.5 crore versus a loss of Rs 0.5 crore.
• Margin at 23 percent versus -2 percent.

Safari Industries (Q2, YoY)

• Revenues up 19 percent at Rs 88 crore.
• Net profit up 268 percent at Rs 3.5 crore.
• EBITDA up 98 percent at Rs 8.3 crore.
• Margins at 9.4 percent versus 5.7 percent.

TBZ (Q2, YoY)

• Revenues down 27 percent at Rs 326 crore.
• Net profit down 90 percent at Rs 0.8 crore.
• EBITDA down 48 percent at Rs 12 crore.
• Margins at 3.7 percent versus 5.2 percent.

Results Today

• Archies
• Cerebra Tech
• Datamatics Global
• Shreyans Inds
• UFO Moviez
• Warren Tea

Tata Group has ‘far too many' companies, says N Chandrasekaran.https://t.co/kEJft1chCQ pic.twitter.com/ggmyh7I8Wq

Brokerage Radar

Angel Broking on Century Plyboards

• Initiated ‘Buy' rating with price target of Rs 400.
• Strong brand visibility with wide distribution network led by higher ad spends.
• Shift in trend towards organized plywood sector to propel growth.
• Pradhan Mantri Awas Yojana - trigger for Plywood & MDF segment.
• Capacity addition across segments would boost company's revenue and profitability.
• Expect revenue and net profit to grow at a compound annual growth rate of 17 percent and 16 percent by March 2020.

Morgan Stanley on Indiabulls Housing Finance

• Maintained ‘Equalweight' with price target of Rs 1,250.
• CRISIL upgrade onlong-term credit rating to AAA – a positive.
• Upgrade could result in narrowing of the spread of bond borrowing cost.
• In near term, Indiabulls Housing Finance could outperform other financials.
• Have low preference for housing finance companies given higher sensitivity to rising bond yields and potential price competition from PSU banks.

Goldman Sachs on Healthcare Global Enterprises

• Upgraded to ‘Buy' from ‘Hold'; hiked price target to Rs 355 from Rs 270.
• Delivering consistently in an underserved cancer market; Buy on solid growth story.
• Gain more confidence that HCG will maintain operating income growth pace based on upcoming capacity and pricing power.
• Expect operating income to grow at a compound annual growth rate of 26 percent by March 2020.
• HCG has been able to expand capacity with little dilution to margins.
• Positives: pricing power and good management track record.

Edelweiss on Equitas

• Maintained ‘Buy' with price target of Rs 220.
• Management reinforced confidence of building a sustainable and scalable small finance bank franchise.
• Return on equity to be depressed as the company intends to bring down proportion of micro finance business.
• Scale-up of non-MFI book to support 35 percent asset under management growth by March 2020.
• Visible benefit of successful execution from the next financial year onwards to bolster confidence.
• Equitas is one of our top sector picks.

Motilal Oswal on Capital First

• Maintained ‘Buy' with price target of Rs 925.
• Growth prospects appear bullish; Expect 28 percent asset under management growth by March 2019.
• Positives: improving return on equity in consumer durable business; mix shift toward CD and 2W financing segments and break-even in profitability in new ventures over next 1-2 years.
• Expect return on assets and return on equity of 1.9 percent and 17 percent by March 2020.
• Capital raise could be possible over the next 12-18 months.

India's stocks, the most expensive in Asia, might still be a better bet than the country's bonds.https://t.co/zDIYBwgqm8 pic.twitter.com/me0v8hRUiO

Media Reports

• DLF plans Rs 3,500 crore QIP, board meet on Dec. 1 (PTI)
• Jet, Spicejet may bid for Air India, eye Maharaja's market share; To join Tatas, IndiGo (Times of India).
• Adani, Hindujas join race for Jaypee Infra; insolvency process knocks out Jaiprakash Associates (Times of India).
• Arcelor Mittal sees no hurdle to bidding for stressed steel assets (Economic Times).
• NIC and ICICI Lombard face Rs 300 crore payout on fire at Haldiram's (Economic Times).
• Now IDFC MF to cap inflow into top fund (Economic Times).
• TRAI is firm on proposal to offer 100MB free data to rural users (Economic Times).
• Sebi pulls up 2 SREI firms for violation of AIF norms (Economic Times).
• Bankers may consider starting bankruptcy process against IVRCL (Financial Express).
• DLF plans to raise funds Via QIP; issue CCPS, warrants (Financial Express).
• PE Firms seeks to restrain Religare promoters from selling stake (Financial Express).
• Yes Bank sets up $1 billion debt programme to raise money (Financial Express).

India and China have relatively higher debt to equity ratios at 98% and 88% respectively.https://t.co/U0S8gfBJAF pic.twitter.com/LktH3DXF6p

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