- Infosys appoints Nandan Nilekani as non-executive chairman
- DLF approves stake in its rental arm to GIC affiliate
- Bodal Chemicals sets aside Rs 153 crore for capex plans
- Future Supply Chain Solutions files DRHP
- LIC sells partial stake in Tata Global Beverages
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The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index’s performance in India, gained 0.23 percent to 9,898.
Here are the stocks to watch out for in today’s session:
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Infosys
- Appoints Nandan Nilekani as non-executive chairman
- Co-Chairman R Seshasayee, Executive Vice-Chairman Vishal Sikka, Jeffrey Lehman, John Etchemendy resigned from the board
DLF
- Approves stake sale in rental business to GIC affiliate
- DLF will hold 66.66 percent stake in DLF Cyber City Developers Ltd. post transaction
- Promoters to get Rs 10,000 crore, net of taxes, most of which will be used to pare debt
- Shoppers Stop: To dispose its 40 percent shareholding in its joint venture with Switzerland-based Nuance Group
- Bodal Chemicals: Board approves plan for capacity expansion. Sets aside Rs 153 crore for the same
- Meghmani Organics: Forms subsidiary Meghmani Agrochemicals to undertake manufacturing and sale of chemicals and chemical products
- Lumax Auto: Enters into a joint venture with Francisco Albero S.A.U., Spain to manufacture and supply oxygen censors
- MTNL: To consider selling or leasing assets to cut debt
- Future Enterprises: Future Supply Chain Solutions files DRHP with SEBI
- Tata Global Beverages: LIC sold 1.28 crore shares or 2.03 percent stake in the company
- Jubilant Foodworks: Says to cut impact of Dunkin’s losses by half in FY18 (Bloomberg)
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Other Corporate Announcements
- Nandan Denims: Promoter Vedprakash Chirpal buys 50,000 shares or 0.1 percent stake from the open market
- REC: In pact with Maharashtra State Power Generation for financial assistance worth Rs 13,000 crore
- HCL Tech: Completes acquisition of Urban Fulfillment Services
HT Media
- Subsidiary HT Digital Ventures to acquire 42.8 percent stake in another subsidiary HT Digital Streams
- Board approves scheme of arrangement between HT Media and HT Digital Ventures
- Scheme provides demerger of Entertainment and Digital innovation business of HTML to HTDVL
Today’s Nifty Call
X
F&O Setup
- Nifty August futures shed 1.9 lakh shares in open interest
- Nifty futures premium moves to 16 points from 10 points
- Bank Nifty futures shed 2.5 lakh shares in open interest
- Highest call base at 10,000 strike with 57.9 lakh shares
- Highest put base at 9,800 strike with 61 lakh shares
- Unwinding seen in call strikes of 9,700, 9,800, 9,900
- Open interest addition seen in put strikes of 9,700, 9,800, 9,850 and 9,900
Active Stock Futures
- Kajaria Ceramics: Open interest addition of 40 percent on the long side
- Berger Paints: Open interest addition of 14 percent on the long side
- Pidilite Industries: Open interest addition of 12 percent on the long side
- InterGlobe Aviation: Open interest addition of 9 percent on the short side
- Glenmark: Open interest shedding of 30 percent; short-covering seen
- Divi's Labs: Open interest shedding of 16 percent; short covering seen
Stocks In F&O Ban
- DLF
- GMR Infrastructure
- HDIL
- Indiabulls Real Estate
- Jaiprakash Associates
- JSW Energy
- Justdial
Bulk Deals
Kirloskar Pneumatic
- HDFC Mutual Fund bought 1.45 lakh shares or 1.1 percent stake at Rs 975 each
- Shamyak Investment Pvt. Ltd. sold their entire 1 percent stake at Rs 975 each
Sarla Performance Fibers
- Promoters Satidham Industries Ltd. bought 5 lakh shares or 0.6 percent stake at Rs 44.13 each
- Promoters had purchased 5 lakh shares on August 23 as well
- Hindustan Cotton Company sold 5 lakh shares at Rs 44.13 each
- Hindustan Cotton had sold 5 lakh shares on August 23 as well
- Kajaria Ceramics: Westbridge Crossover Fund LLC FDI sold 8 lakh shares or 0.5 percent stake at Rs 670 each. As per June filing, the fund held 7.41 percent stake
- Jagran Prakashan: NT Asian Discovery Master FUnd sold 16 lakh shares or 0.5 percent stake at 174 each. The fund held 3.45 percent stake in the company as per a June filing
- Asian Hotels (West): Asian Hotels (East) bought 66,000 shares or 0.6 percent stake at Rs 165.05 each, which were sold by Anita Rajgarhia
- Websol Energy Systems: India Max Investment Fund sold 1.27 lakh shares or 0.6 percent stake at Rs 113.16 each. The fund held 3.44 percent stake as per a June filing
- HEG: GPC Mauritius II LLC sold 4.72 lakh shares or 1.2 percent stake at Rs 494.36 each. The fund held 7.12 percent stake in the company as per a June filing
- Career Point: Akash Bhanshali sold 1 lakh shares or 0.6 percent stake at Rs 110.1 each. Bhanshali held 1.84 percent stake as per a June filing
- Aptech: WHV/EAM Emerging Markets Small Cap Equity Fund bought 5.63 lakh shares or 1.4 percent stake at Rs 288.89 each
Earnings To Watch
- 8K Miles
- Mold-Tek Packaging
- Camlin Fine Sciences
- IL&FS Engineering and Construction
- Sayaji Hotels
- NGL Fine Chemicals
- Virinchi Tech
Earnings Reaction To Watch
Rane Madras (Q1, YoY)
- Revenue up 12 percent to Rs 275 crore
- Net Profit down 18 percent to Rs 2.7 crore
- EBITDA up 2.3 percent to Rs 22.5 crore
- EBITDA margins contract to 9 percent from 9.8 percent
Bodal Chemicals (Q1, YoY)
- Net profit down 6 percent to Rs 31 crore
- Revenue down 1.3 percent to Rs 295 crore
- EBITDA down 8 percent to Rs 51.5 crore
- EBITDA margins contract to 18.9 percent from 20.4 percent
Gillette India (Q1FY18 YoY)
- Revenue down 9.7 percent at Rs 437.5 crore
- Net profit down 20 percent at Rs 38 crore
- EBITDA down 6.9 percent at Rs 67 crore
- Margin at 16.5 percent versus 15.1 percent
Kennametal India (Q1, YoY)
- Net profit down 89 percent to Rs 80 lakh
- Revenue up 11 percent to Rs 172 crore
- EBITDA down 6.7 percent to Rs 14 crore
- EBITDA margins contract to 8.1 percent from 9.7 percent
Bharat Bijlee (Q1, YoY)
- Net loss widens to Rs 3.9 crore from Rs 2.2 crore
- Revenue up 10 percent to Rs 164 crore
- EBITDA loss widens to Rs 3.8 crore from Rs 1.6 crore
- EBITDA margins at -2.6 percent from -1.2 percent
Cigniti Tech (Q1, YoY)
- Net loss of Rs 6 crore from net profit of Rs 13.5 crore
- Revenue up 2.1 percent to Rs 168.5 crore
- EBITDA loss of Rs 80 lakh from positive Rs 29 crore
- EBITDA margins at -0.5 percent from 17.6 percent
Metalyst Forgings (Q1, YoY)
- Net loss widens to Rs 377.4 crore from Rs 65.1 crore
- Revenue down 63 percent to Rs 123.1 crore
- EBITDA down 71.6 percent to Rs 13.1 crore
- EBITDA margins contract to 10.6 percent from 13.9 percent
Lux Industries (Q1, YoY)
- Net profit up 65.3 percent to Rs 15.7 crore
- Revenue up 43 percent to Rs 260 crore
- EBITDA up 60.8 percent to Rs 32.25 crore
- EBITDA Margin at 12.4 percent from 11 percent
TIL (Q1, YoY)
- Net profit up 9 times to Rs 1.8 crore
- Revenue down 5.4 percent to Rs 78.8 crore
- EBITDA at Rs 7.5 crore from EBITDA loss of Rs 8.85 crore
- EBITDA Margins at 10.3 percent
La Opala (Q1, YoY)
- Net profit flat at Rs 12.6 crore
- Revenue up 0.6 percent to Rs 47.5 crore
- EBITDA down 0.3 percent to Rs 17.98 crore
- EBITDA Margin at 38.5 percent from 39.2 percent
Brokerage Radar
- Nestle: CLSA upgraded their stock rating to 'Outperform' from 'Underperform' and hiked price target to Rs 7,550 from Rs 6,800
Infosys
- CLSA upgraded the stock to 'Buy' from 'Underperform' and hiked price target to Rs 1,070 from Rs 940
- Nomura maintained 'Reduce' on the stock with price target of Rs 875
Media Reports
- Alembic Pharma: Sells Baddi facility to Scott Edil on slump sale basis for an undisclosed sum. (Business Standard)
- Sun TV: To discontinue Kannada TV news channel. (Business Standard)
- Coal India: Niti Aayog suggests breaking up company into separate entities. (PTI)
- Dilip Buildcon: To sell 24 road assets to Shrem group for Rs 1,600 crore. Will get an additional Rs 4,000 crore over 15 years of operations. (Financial Express)
- Jaypee Infratech: Homebuyers may file PILs in Supreme Court seeking stay on NCLT order. (Financial Express)
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