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Stocks To Watch: Berger Paints, Titan, ONGC, Ashok Leyland And More

The early indicator SGX Nifty declined 0.3 percent to 8,494.

A model wears Titan ‘Juxt’ watch (Source: Twitter/@titanwatches)
A model wears Titan ‘Juxt’ watch (Source: Twitter/@titanwatches)

The Nifty Futures on the Singapore Exchange, an early indicator of Nifty’s performance in India, declined 0.3 percent to 8,494.

Here are the stocks to watch out for in today’s session

  • Bharti Airtel: Unit to get around $129 million from Zain for settling disputes
  • Biocon: EMA to review Mylan’s submission for insulin
  • City Union Bank: 5.2 million shares traded in 8 blocks after market
  • HDFC: Cuts home loan rates by up to 15 basis points
  • InterGlobe Aviation: Air Lease has seen some engine issues with Indigo
  • Multi Commodity Exchange: Plans to start commodity options trade in gold
  • ONGC: Venezuela, India’s ONGC to sign oil output deal, says government
  • Tata Motors: Signs accord with Indonesia’s Pindad
  • Wipro: Appoints Gilles Grange as regional head of France operations
  • Parsvnath Developers incorporates unit Vasavi PDL Ventures
  • Tube Investments of India: Manufacturing business to be demerged into Ti Financial Holdings

Media Reports

  • GVK Power: Buyout firms in race for up to 49 percent in airport operator; company denies development (Economic Times)
  • Tata Motors, Tata Steel, Tata Power, Tata Tele: Four Tata Group companies may revalue assets by March-end (Economic Times)
  • Indian Hotels: No plans to eject Cyrus Mistry from board (Business Standard)
  • Ratan Tata may go with move to hold back Nano investment (Economic Times)
  • Tax uncertainty may hurt investments, warns Cairn CEO (Economic Times)
  • Reliance Jio’s 4G speed slower than rivals in October (Economic Times)

*Jio may turn EBITDA positive in 2018, says Fitch

  • Realty stocks: RERA (Real Estate Regulatory Act) may hit realtors’ pre-launch sales (Economic Times)
  • GlaxoSmithKline: Wins battle for GSK Trademark (Economic Times)
  • ONGC, Cairn Indian: To face Rs 1,922 crore service tax on royalty payments (PTI)
  • Ashok Leyland: Gets CCI nod to buy out Nissan's stake in LCV biz (Business Standard)

Earnings Impact to Watch

  • Berger Paints: Q2 net Rs 139 crore versus estimated Rs 121 crore
  • EIH: Q2 net sales Rs 273 crore versus Rs 299 crore YoY
  • ESAB India: Q2 net Rs 9.98 crore versus Rs 6.19 crore
  • ICRA: Q2 group net Rs 21.68 crore versus Rs 20.57 crore
  • Mphasis: Q2 net Rs 211 crore; estimate Rs 206 crore
  • Monsanto India: Q2 net Rs 89 lakh versus loss Rs 26.38 crore
  • Shoppers Stop: Q2 net sales Rs 940 crore versus Rs 877 crore

Earnings to Watch

  • Sharda Cropchem
  • Oriental Carbon & Chemicals
  • Gujarat Pipavav Port
  • Credit Analysis and Research
  • Jindal Saw
  • V.S.T Tillers Tractors
  • Ucal Fuel Systems
  • United Breweries
  • TRF
  • Titan Company
  • Transport Corporation of India
  • Union Bank of India
  • Store One Retail India
  • Ponni Sugars (Erode)
  • Pokarna
  • Seshasayee Paper and Boards
  • S.E. Power
  • Radico Khaitan
  • Pfizer
  • Precot Meridian
  • Pearl Polymers
  • Jindal Saw
  • KCP Sugar and Industries Corporation
  • Next Mediaworks
  • Neuland Laboratories
  • Karuna Cables
  • Munjal Auto Industries
  • Max Financial Services
  • Hexa Tradex
  • The Indian Hotels Company
  • EIH Associated Hotels
  • GI Engineering Solutions
  • Genesys International Corporation
  • GATI
  • Gangotri Textiles
  • Federal-Mogul Goetze (India)
  • Aspinwall and Company
  • Central Bank of India
  • Apcotex Industries
  • Allahabad Bank