- Biocon gets Form 483 with 10 observations from U.S. FDA for Bengaluru plant
- Cognizant third quarter results trails analyst estimates
- Infosys to acquire London-based Brilliant Basics
- Tata Global to sell Russian business to Skodnya Grand
- BPCL increases commission offered to dealers up to 50 percent
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The Singapore-traded SGX Nifty, an early indicator of Nifty 50’s performance in India was little changed at 10,034.
Here are the stocks to watch out for in today’s session:
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- Biocon: Gets Form 483 with 10 observations from U.S. FDA for Bangalore plant
- Cognizant: Third quarter results trails analyst estimates
- Infosys: To acquire London-based Brilliant Basics for £7.5 million. The transaction is likely to be completed by the second half of FY18
- Tata Global Beverages: To sell Russian business to Skodnya Grand
- JBF Industries: Board to discuss the sale or restructuring of its overseas subsidiaries on August 10
- M&M: To sell 96.6 lakh shares in Mahindra Logistics via IPO
- Reliance Communication: NCLT to pronounce order on case on August 10
- Bharat Petroleum: Increases commission offered to dealers up to 50 percent
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Other Corporate Announcements
- Tata Chemicals: Cancels deal to acquire Unnati Inorganics Pvt. Ltd’s precipitated silica operations on a slump sale basis for a consideration of Rs 34.20 crore
- Electrosteel Casting: To invest Rs 61.64 crore on ARC Furnace at its Haldia unit
Today’s Nifty Call
X
Bulk Deals
- Goodyear: Goldman Sachs India Fund bought 2.41 lakh shares or 1 percent stake at Rs 907.49 each
- Genesys International: Oikos India sold its entire holding of 7 lakh shares or 2.28 percent at Rs 231 per share
Infibeam Incorporation
- LTS Investment Fund sold 3.63 lakh shares or 0.7 percent stake at Rs 1,412.93 each.
- According to June 2017 filing, LTS Investment Fund’s holding in the co. stood at 1.42 percent
F&O Setup
- Nifty futures premium moves to 29 points from 19 points
- Bank Nifty sheds 2.4 lakh shares, open interest down 9 percent
- Nifty range for August series in terms of open interest concentration between 10,000-10,500
- Maximum open interest on put side at 10,000 strike with open interest at 46.2 lakh shares
- Maximum open interest on call side at 10,500 strike with open interest at 41 lakh shares
- Call strikes of 10,100, 10,200, 10,300 and 10,500 see open interest addition
- 10,000 Put sheds 4 percent in open interest
Active Stock Futures
- Infibeam sees open interest addition of 31 percent on long side
- Bharti Infratel sees open interest addition of 23 percent on long side
- Fortis Healthcare sees open interest addition of 21 percent on long side
- Cummins India sees open interest addition of 13 percent on short side
- JSPL sees open interest addition of 11 percent on short side
- Lupin sees open interest addition of 11 percent on short side
Stocks In F&O Ban
- India Cement
- Jaiprakash Associates
- JSW Energy
- Kaveri Seeds
- Wockhardt
Earnings Reactions To Watch
Majesco (Q1, YoY)
- Net loss widens to Rs 5 crore from Rs 1.35 crore
- Revenue down 17.2 percent at Rs 183 crore
Ujjivan Financial Services (Q1, YoY)
- Revenue down 2.7 percent at Rs 323 crore
- Net loss of Rs 75 crore from net profit of Rs 19.35 crore
- Net Interest Income at Rs 138.22 crore, a decrease of 19.66 percent
Bombay Burmah (Q1, YoY)
- Revenue down 20 percent at Rs 54 crore
- EBITDA up 161 percent at Rs 3.65 crore
- EBITDA margin expanded to 7 percent from 2.1 percent
- Net loss of Rs 1.7 crore
CEAT (Q1, YoY)
- Revenue down 1 percent at Rs 1,629 crore
- EBITDA down 70 percent at Rs 56 crore
- EBITDA margin contracted to 3.8 percent from 12.6 percent
- Profit down 99 percent at Rs 1.4 crore
PNB Housing Finance (Q1, YoY)
- Revenue up 38 percent at Rs 1,192 crore
- Profit up 93 percent at Rs 185 crore
- Provisions down 28.4 percent at Rs 48 crore (QoQ)
- Gross NPA at 0.43 percent (QoQ)
- Net NPA at 0.33 percent (QoQ)
Enkei Wheels (Q1, YoY)
- Net profit down 37.8 percent at Rs 2.3 crore
- Revenue up 12.8 percent at Rs 125 crore
- EBITDA up 75.8 percent at Rs 11 crore
- EBITDA Margin at 9.8 percent
JK Lakshmi Cement (Q1, YoY)
- Net profit down 1 percent at Rs 28.3 crore
- Revenue up 15 percent at Rs 1,003 crore
- EBITDA up 2.4 percent at Rs 115 crore
- EBITDA Margin at 12.7 percent
Kokuyo Camlin (Q1, YoY)
- Revenue down 13 percent at Rs 170.5 crore
- EBITDA down 86 percent at Rs 1.5 crore
- EBITDA margin contracted to 1 percent from 6 percent
- Net loss of Rs 1.25 crore from net profit of Rs 4.7 crore
Ramco Systems (Q1, YoY)
- Revenue up 0.3 percent at Rs 110 crore
- EBITDA down 34.5 percent at Rs 9.1 crore
- EBITDA margin contracted to 8.3 percent from 12.7 percent
- Net loss of Rs 3 crore from net profit of Rs 8 crore
Brokerage Radar
Titan
- Goldman Sachs maintained a 'Buy' on the stock and raised price target to Rs 600 from Rs 552
- IDFC Securities upgraded their rating to 'Neutral' from 'Underperform' with price target of Rs 559
- JPMorgan retained an 'Overweight' on the stock and hiked price target to Rs 620 from Rs 540
Colgate
- IDFC Securities maintained and 'Underperform' rating with price target Rs 958
- Morgan Stanley retained its 'Underweight' rating with Rs 830 as the price target
- UBS reiterated its 'Buy' rating on the stock with price target Rs 1,250
- Ramco Cement: Deutsche Bank maintained 'Buy' with Rs 790 as the price target
Media Reports
- Infosys: Turns down co-founder NR Narayana Murthy's plea to make probe report public. (TOI)
- Tech Mahindra: Senior executives take 10-20 percent salary cut. (TOI)
- Videocon: SBI-led banks order forensic audit of Videocon’s accounts. (Economic Times)
- HDIL: NCLT admits insolvency plea against HDIL arm. (Economic Times)
- Piramal Enterprises: Buys office space from group company. (Economic Times)
- Reliance Communications: Bharti Infratel & Indus object to RCom-Aircel merger. (Economic Times)
- Syngene: Bets on its new research facility to ramp up biologics play. (Economic Times)
- BPCL: To venture into gas business, says CMD. (PTI)
- JSW Steel: In discussion with Piramal Enterprises to jointly bid for assets going through insolvency process. (Business Standard)
- Oberoi Realty: Shelves plans to float mall joint venture. (Business Standard)
- Hindustan Copper: Government sells 6.83 percent stake in the company, garners Rs 400 crore. (Mint)
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