Stocks to Watch: L&T, ICICI Bank, Reliance Infra and More

The Nifty Futures on the Singapore Exchange, an early indicator of Nifty performance in India, is little changed at 8,696.

• Hindustan Construction: Banks approve Rs 1000 crore additional funding for road project
• UltraTech Cement: Won coal linkages at Rs 150/tonne premium from Dipka mines
  
• Bharat Financial: Prudential ICICI MF sold 666,000 shares yesterday: NSE
  
• Dalmia Bharat: Morgan Stanley Asia sold 557,500 shares yesterday: BSE
• GMR Infrastructure, GVK Power: India’s 14.3GW gas-fired plants stranded for lack of fuel, power minister Goyal says
  
• McDowell Holdings: Surrenders NBFC registration certificate
  
• Somany Ceramics: To raise stake in Vintage Tiles to 50 percent from current 26 percent
• Hindustan Zinc: Anglo American said to rebuff Agarwal’s merger plan
• TAKE Solutions: To sell shares to QIBs at Rs 166.10 each
• Tata Motors: To sell up to Rs 400 crore 8 percent bonds in private placement
• UCO Bank: RBI imposes Rs 1 crore monetary penalty
  
• Kirloskar Industries to buy VSL Steel’s assets for Rs 155 crore
• JP Associates: Missed payments on Rs 36 crore NCDs
  

Media Reports

• Brookfield in Talks to buy Reliance Infra’s Road Assets (Economic Times)
  
• IOC in talks to buy GSPC’s stake in Mundra LNG terminal (Business Standard)
  
• Jet Airways, Spicejet, Indigo: Domestic air passenger volumes up 20 percent YoY in June (Financial Express)
  
• Jet Airways: To raise $185 million loan from West Asian banks; launches Independence Day special sale offer (Mint and Economic TImes)
  
• FTIL: Faces Rs 3,190 crore copyright case over its trading software (Mint)
  
• Kesoram Industries: Plans Rs 600-crore capex for 2016-17 (Economic Times)
  
• Cognizant acquires U.S.-Based digital design firm Idea Couture (PTI)

Earnings to Watch

• Alembic Pharmaceuticals
  
• Cholamandalam Investment
  
• Crompton Greaves Consumer
  
• Dr. Lal Path Labs
  
• Elgi Equipment
  
• Godrej Consumer Products
  
• ICICI Bank
  
• IIFL Holdings
  
• Kansai Nerolac Paints
  
• KEC International
  
• Larsen & Toubro
  
• Mahindra Holidays & Resorts
  
• Nestle India Q2
  
• Narayana Hrudayalaya
  
• Pidilite Industries
  
• PVR
  
• Religare Enterprises
  
• Shoppers Stop
  
• Sun Pharma Advanced
  
• UPL
  
• Vedanta

Earnings Reaction to Watch

• Blue Dart: Q1 profit Rs 44.08 crore versus Rs 44.72 crore YoY
  
• Ceat: Q1 profit Rs 104 crore versus Rs 122 crore
  
• Eicher Motors: Q1 profit Rs 376 crore versus Rs 237 crore
  
• Gujarat State Fertilizers: Q1 profit Rs 46.3 crore rupees versus Rs 100 crore
  
• L&T Infotech: Q1 net income Rs 236 crore versus Rs 175 crore
• Muthoot Finance: Q1 profit Rs 270 crore versus Rs 183 crore
• Shriram City Union: Q1 profit Rs 182 crore versus Rs 148 crore
  

AGMs to Watch

• Cholamandalam Investment & Finance: To issue NCDs worth Rs 10,000 crore
  
• IIFL Holdings: To issue NCDs worth Rs 2,000 crore
  
• KEC International: To increase borrowing limit to Rs 2,000 crore.
• Godrej Consumers
• Novartis India
• Shoppers Stop