The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, was little changed at 9,517.
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Here are the key stocks to watch in today’s session:
Tata Steel (Q4, YoY)
- Net loss of Rs 1,168.2 crore from a loss of Rs 3,042 crore
- EBITDA up 213 percent at Rs 7,025.2 crore from Rs 2,245.7 crore
- EBITDA Margin expands to 20 percent from 8 percent
Andhra Bank
- Net profit down 32 percent to Rs 35.1 crore year-on-year
- Provisions up 57 percent to Rs 1,299.33 crore from Rs 828.7 crore sequentially
- Gross NPA at 12.25 percent from 11.88 percent (QoQ)
- Net NPA at 7.57 percent from 6.98 percent (QoQ)
Dhanlaxmi Bank
- Net profit of Rs 8.8 crore from net loss of Rs 131.6 crore year-on-year
- Provisions up 54 percent to Rs 29.65 crore from Rs 19.2 crore (QoQ)
- Gross NPA at 4.78 percent from 7.59 percent (QoQ)
- Net NPA at 2.58 percent from 2.9 percent (QoQ)
- Lupin: Signs an exclusive licensing agreement with Eli Lilly to commercialize and distribute Cialis
- Kotak Mahindra Bank: Bank closed the QIP issue after issuing 62 million equity shares at Rs 936 per share. Public shareholding to now increase to 68.96 percent from 67.92 percent.
- Cox and Kings: Transferred operating leases on its Colonge City Centre Hotel to RHK Living. The property contributed about 1.4 million euros in gross revenue
- Golden Tobacco: Directorate General of Central Excise Intelligence imposes a penalty of Rs 25 crore
- Future Enterprises: Issues NCDs worth Rs 25 crore on a private placement basis
- Sunil Hitech Engineers: Seeks shareholder approval to issue 12.4 crore warrants to promoters and non-promoters and raise funds worth up to Rs 250 crore
- Wipro: Launches nine solutions to accelerate adoption of blockchain across industry sectors
- HCL Tech: Vama Sundari Investments (Delhi) Pvt. Ltd. buys 1.24 crore shares or 0.87 percent stake at Rs 858 each
Quess Corp
- To raise funds by issuing equity shares
- To invest Rs 4.2 crore in Heptagon Technologies Pvt. Ltd. for a 20 percent stake
- Will invest an additional 8.99 lakh Singapore Dollars for 51 percent shareholding
- The new entity will be engaged in the provision of general staffing and training services in Singapore
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Today’s Nifty Call
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Brokerage Calls
- Hero MotoCorp: Raised to 'Buy' at Investec with price target of Rs 4,065
- Punjab National Bank: Cut to 'Neutral' at Nomura with price target of Rs 180
- Skipper: Cut to 'Accumulate' at India Infoline with price target of Rs 210
- Vardhman Textiles: Cut to 'Outperform' at Batlivala and Karani
- Vedanta: Raised to 'Buy' at India Infoline with price target of Rs 280
- Shree Cement: Cut to ‘Sell’ at CLSA with price target of Rs 18,000
Source: Bloomberg
IPO Corner
India Grid Trust
- Issue opens today and closes on May 19, 2017
- Price Band: Rs 98-100 per unit
- Allotted 10.12 crore units at Rs 100 per unit aggregating to Rs 1,012.44 to 19 anchor investors
PSP Projects
- Issue opens today and closes on May 19, 2017
- Price Band: Rs 205-210 per unit
- Allotted 45.36 lakh equity shares at Rs 210 per share aggregating to Rs 95.25 crore to 9 anchor investors
- Anchor investors include leading investors like Reliance Mutual Fund, SBI Mutual Fund, Axis Mutual Fund, Sundaram Mutual Fund along with companies like Birla Sun Life Insurance
Stocks In F&O Ban
- Canara Bank
- CEAT
- HDIL
- Indo Count Industries
- IFCI
- Jindal Steel and Power
- Jain Irrigation
- JSW Energy
- Oriental Bank of commerce
- Syndicate bank
- Ujjivan Financial Services
Earnings Reaction To Watch
Shree Cement (Q4, YoY)
- Net profit down 54 percent at Rs 304.5 crore from Rs 663 crore
- EBITDA down 4 percent to Rs 511.15 crore from Rs 532 crore
- EBITDA Margin down to 21 percent from 27 percent
Whirlpool (Q4, YoY)
- Net profit up 7 percent to Rs 74.4 crore from Rs 69.3 crore
- EBITDA up 17 percent to Rs 124.6 crore from Rs 106.7 crore
- EBITDA Margin flat at 11.1 percent from 11.4 percent
Sobha (Q4, YoY)
- Net profit up 114 percent to Rs 46 crore from Rs 21.5 crore
- EBITDA up 2 percent to Rs 120.2 crore from Rs 117.6 crore
- EBITDA Margin contracts to 20 percent from 21 percent
PI Industries (Q4, YoY)
- Net profit up 41 percent to Rs 135.15 crore from Rs 96 crore
- EBITDA up 42 percent to Rs 153.6 crore from Rs 108.5 crore
- EBITDA Margin expands to 24.5 percent from 18 percent
Manali Petrochemicals (Q4, YoY)
- Net profit down 63 percent at Rs 4.7 crore from Rs 12.8 crore
- EBITDA down 8 percent to Rs 2.7 crore from Rs 16.6 crore
- EBITDA Margin contracts to 1.6 percent from 11.7 percent
Key Earnings To Watch
Hindustan Unilever Q4FY17 (Bloomberg Estimates, YoY)
- Net profit seen 1.6 percent lower at Rs 1,095 crore
- Revenue seen 4.3 percent higher at Rs 8,053 crore
- EBITDA may grow 6.3 percent to Rs 1,563 crore
JSW Steel Q4FY17 (Bloomberg Estimates, YoY)
- Net profit seen 211 percent higher at Rs 745 crore
- Revenue seen 42 percent higher at Rs 16,323 crore
- EBITDA may rise 61 percent to Rs 3,102 crore
Bajaj Finance Q4FY17 (Bloomberg Estimates, YoY)
- Net profit seen 42 percent higher at Rs 449 crore
- Net Interest Income seen 27 percent higher at Rs 1,459 crore
- AUMs may grow between 30-35 percent
Other Key Earnings
- Allahabad Bank
- Bajaj Finserv
- Edelweiss Financial Services
- Hindustan Copper
- Indian Overseas Bank
- JK Lakshmi Cement
- MRPL
- United Breweries
Also Read: Earnings Today: Hindustan Unilever’s Input Costs May Weigh On Its Margins
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