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Stocks to Watch: Axis Bank, Biocon, NHPC and More

The early indicator SGX Nifty is little changed at 8523.

A computer screen displaying graphs at a bank in Mumbai, India (Photographer: Abhijit Bhatlekar/Bloomberg News)
A computer screen displaying graphs at a bank in Mumbai, India (Photographer: Abhijit Bhatlekar/Bloomberg News)

The Nifty Futures on the Singapore Exchange, an early indicator of Nifty performance in India, is little changed at 8523.

Here are all the stocks to watch today

  • Hindustan Petroleum: Refining capacity enhanced
  • Hindustan Zinc: Expects uptick in prices for next few quarters
  • NHPC: To consider raising up to Rs 4,500 crore via corporate bonds; in pact with BHEL for hydro-power projects overseas
  • Piramal Enterprises: To raise up to Rs 1,000 crore via bonds
  • Power Grid Corporation: Approves Rs 273 crore of investments
  • Take Solutions: QIP opens; floor price Rs 174.84 a share

Media Reports

  • Jet Airways: To roll out new ticket pricing structure (Economic Times)
  • Tyre companies: Rubber board says 2016-17 output seen rising 16 percent to 654,000 tonnes (Business Line)
  • Financial Technologies: Merger with NSEL won’t hurt minority shareholders, says government (Mint)
  • Reliance Industries: To launch in 3 months, says CLSA (Business Standard)
  • Greenko leads race for SunEdison India assets (Business Standard)

Earnings to Watch

  • Atul Q1
  • Axis Bank Q1
  • Federal Bank Q1
  • Hinduja Ventures Q1
  • KSB Pumps Q1
  • L&T Finance Holdings Q1
  • Mahindra & Mahindra Financial Q1
  • Praj Industries 1Q
  • Rallis India 1Q
  • Sanofi India Q2
  • Tata Metaliks Q1
  • Vijaya Bank Q1

Earnings Reaction to Watch

  • Biocon: Q1 net income rises 34 percent YoY to Rs 167 crore; Mylan and Biocon’s new biosimilar Pegfilgrastim taken for review
  • Gujarat Narmada: Q1 profit Rs 50.62 crore versus Rs 9.36 crore loss YoY
  • IFB Industries: Q1 profit Rs 14.91 crore versus Rs 10.54 crore YoY
  • ITC: Q1 net income rises 10 percent YoY to Rs 2380 crore, misses estimate
  • Motilal Oswal: Q1 net Rs 17.87 crore versus Rs 1.59 crore
  • Raymond: Q1 group loss Rs 16.61 crore versus Rs 14.47 crore loss YoY
  • Syngene International: Q1 profit Rs 59.8 crore versus Rs 46.6 crore YoY
  • Zensar Tech: Q1 net Rs 53.14 crore versus Rs 63.47 crore

AGMs to Watch

IDBI Bank

  • To issue securities up to Rs 8,000 crore. Maximum possible dilution is 36%.
  • To issue Senior/Infrastructure Bonds up to Rs 20,000 crore on private placement basis.
  • To increase authorised share capital to Rs 4,500 crore.

ITC

  • To declare final dividend of Rs 6.5 per share & Special dividend of Rs 2 per share.

Mahindra & Mahindra Financial Services

  • To declare dividend of Rs 4 per share.

Kirloskar Pneumatic Company

  • To ratify interim dividend of Rs 7 per share.

CESC

  • To confirm interim dividend of Rs 10 per share.

Phillips Carbon Black Limited

  • To declare dividend of Rs 2.5 per share.

Axis Bank Limited

  • To declare dividend of Rs 5 per share