- Biocon’s insulin facility in Malaysia receives EU GMP compliance certificate
- GTPL Hathway foreign institutional investor limit hiked to 49 percent from 24 percent
- Bank of India cuts marginal cost of lending rate by 0.05-0.10 percent for various tenors from September 10.
- Tata Elxsi fixes September 19 as record date for bonus
- Punj Lloyd gets Rs 870 crore order for canal work in Maharashtra
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The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index’s performance in India, gained 0.17 percent to 9,974.
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Here are the stocks to watch in today’s session:
- Bharat Financial: Assigns Rs 519 crore of receivables to a bank as per RBI Guidelines
- TCS: Partners with GE to integrate intelligence into services data lake platform
- Punj Lloyd: Gets Rs 870 crore order for canal work in Maharashtra
- Biocon: Insulin Facility in Malaysia Receives EU GMP Compliance Certificate
- CCL Products: FII/FPI limit raised to 40 percent from 24 percent
- GTPL Hathway: FII limit hiked to 49 percent from 24 percent
- Bombay Dyeing: Sold 48.457 acres land in Pune for Rs 13.57 crore
- Bank of India: Cuts marginal cost of lending rate to 8.3 percent
- Sharda Motor: Filed petition against Toyo Sharda before NCLT
- Jindal Worldwide: Acquired 84 lakh shares of Balaji Weft for Rs 8.41 crore taking their holding in the company to 60.44 percent
- Vista Pharmaceuticals: Received EIR from the U.S. FDA for its formulation facility in Telangana
- Spicejet: Looking at jets for planned low-cost, long-haul move
- Majestic Auto: Shuts down electric motor division due to lack of viable orders
- Talwalkar: Promoter Vinayak Gawande sells 1 lakh shares in open market on September 6
- Aditya Birla Capital: Shares will be permitted under ‘B’ group with effect from September 15
Crest Ventures
- Acquired 3.16 percent in Classic Mall Development for Rs 43.50 crore
- Holding increased to 49 percent from 45.84 percent post acquisition
Gammon India
- Sells stake in Gammon Infrastructure Projects (GIPL) in various tranches in the open market
- GIPL ceases to be subsidiary of company, post the sale
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Other Corporate Announcements
- Circuit filters: Jindal Photo to 10 percent, Future Retail DVR to 10 percent
- Tata Elxsi: Announces September 19 as the record date for bonus issue
- Government: Allows 300,000 tonne of sugar import at 25 percent duty for 60 days
- SEBI: Seeks views on mandatory physical settlement of equity F&O
IPO
- Dixon Technologies IPO Day 3. Issue subscribed 4.25 times at the end of Day 2.
- Bharat Road Network IPO Day 3. Issue subscribed 0.69 times at the end of Day 2.
- ICICI Lombard General Insurance IPO issue price at Rs 651 - Rs 661 per share.
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Today’s Nifty Call
X
F&O Setup
- Nifty Sep Futures closed with a premium of 24.7 points versus 19 points
- Nifty Sep Futures open interest up 1 percent & Bank Nifty open interest up 6 percent
- India VIX closed down 0.8 percent at 13
- September series highest Call base at 10000 (open interest at 47 lakh, up 9 percent)
- September series highest Put base at 9700 (open interest at 50.4 lakh, up 8 percent)
- Call strikes 9900, 10,000, 10200 saw open interest addition
- Put strikes 9700, 9800, 9900 saw open interest addition
Active Stock Futures
- Cadila saw open interest addition of 31 percent on long side
- VGuard saw open interest addition of 29 percent on long side
- Nalco saw open interest addition of 17 percent on long side
- Arvind saw open interest addition of 14 percent on long side
- Tata Elxsi saw open interest addition of 13 percent on long side
- ITC sees saw open interest addition of 11 percent on short side
- Srei Infra saw open interest addition of 11 percent on short side
- Raymond saw open interest addition of 11 percent on long side
- Just Dial saw open interest shedding of 17 percent, long unwinding seen
F&O Ban
- Indiabulls Real Estate
- JSW Energy
- Just Dial
Bulk Deals
Equitas Holdings
- Morgan Stanley bought 1.03 crore shares or 3 percent stake at Rs 172 each
- Cinnamon Capital sold 1.65 crore shares or 4.9 percent stake at Rs 172 each
Mayur Uniquoters
- Kotak Funds – India Midcap Fund bought 15.50 lakh shares or 3.4 percent stake at Rs 360 each
- L&T mutual fund bought 20 lakh shares or 4.4 percent stake at Rs 360 each.
- Westbridge Crossover Fund LLC sold 29.72 lakh shares or 6.5 percent stake at Rs 360.02 each
- Jwalamukhi Investment Holdings sold 17.50 lakh shares or 3.8 percent stake at Rs 360 each
Syngene International
- Camas Investments PTE bought 47.85 lakh shares or 2.4 percent stake at Rs 461 each
- Silver Leaf Oak (Mauritius) sold 47.84 lakh shares or 2.4 percent stake at Rs 461 each
- GKW Ltd: IDBI bank sold 67,500 shares at Rs 433.79 each
- Religare Enterprises: Yes Bank Sold 10.45 lakh shares or 0.6 percent stake at Rs 38.44 each
- Himachal Futuristic Communications: GMO Emerging Markets Quality Fund bought 87.49 lakh shares or 0.7 percent stake at Rs 28.13 each
Earnings To Watch
- Anuh Pharma
- Asian Oilfields
- Everest Kanto
- Federal Mogul
- Fortune Financial
- Honda Siel
- Hotel Leela
- Kirloskar Electric
- Kernex Micro
- Linc Pens
- Lambodhara Textiles
- Omax Auto
- Poddar Housing
Earnings Reaction To Watch
Shreyans Industries (Q1, YoY)
- Revenue up 12 percent to Rs 113 crore
- EBITDA grew 60 percent to Rs 12 crore
- Margin stood expanded to 11.2 percent compared to 7.9 percent
- Profit grew 75 percent to Rs 7 crore
Vaibhav Global (Q1, YoY)
- Revenue up 5 percent to Rs 330 crore
- EBITTDA grew 5.7 percent to Rs 18.5 crore
- Margins flat at 5.6 percent
- Profit went up 36.4 percent at Rs 15 crore
Global Vectra Helicorp (Q1, YoY)
- Revenue up 5.3 percent to Rs 100 crore
- EBITDA grew 13.3 percent to Rs 17 crore
- Margin expanded to 17 percent compared to 15.8 percent
- Profit down 50 percent to Rs 1 crore
Uttam Sugar (Q1, YoY)
- Revenue grew 52.4 percent at Rs 375 crore
- EBITDA went up 56.8 percent at Rs 58 crore
- Margin expanded to 16.4 percent compared to 15.7 percent
- Profit up 92 percent to Rs 23 crore
Action Construction Equipment (Q1, YoY)
- Revenue went up 22.6 percent to Rs 201 crore
- EBITDA fell 10 percent to Rs 9 crore
- Margin narrowed to 4.8 percent compared to 6.5 percent
- Profit grew 26.7 percent to Rs 3.8 crore
Brokerage Radar
- Tata Motors: IDFC maintained their ‘Neutral’ stance with price target of Rs 404
- Vedanta: JPMorgan maintained ‘Overweight’ on the stock with price target raised to Rs 350 from Rs 310
- L&T: Citi reiterated its ‘Buy’ rating on the stock with price target hiked to Rs 1,452 from Rs 1,341
- Glenmark Pharma: Credit Suisse retained its ‘Neutral’ rating with price target cut to Rs 650 from Rs 700
- Sun TV: IIFL maintained an ‘Add’ rating with price target of Rs 892
- Motherson Sumi: IIFL reiterated its ‘Buy’ rating with price target of Rs 350
- SpiceJet: Edelweiss maintained its ‘Buy’ rating on the stock with price target hiked to Rs 150 from Rs 138
Hindalco
- HSBC retained its ‘Buy’ rating with price target hiked to Rs 285 from Rs 240
- JPMorgan maintained ‘Overweight’ on the stock with price target raised to Rs 270 from Rs 255
Media Reports
- UCO Bank: To sell Rs 2,420 crore of bad loans. (Mint)
- Havells: Looks to triple revenue to Rs 20,000 crore in next 5 years. (Mint)
- Nitesh Estates: Abu Dhabi, GIC in fray for over Rs 600 crore Nitesh Estates subsidiary, Nitesh Hub. (Times of India)
- Tata Motors: Plans global SUVs on JLR platform. (Times of India)
- Bank of Baroda: Puts 275 properties on the block. (Economic Times)
- Monsanto: Exits cotton seeds business in India. (Economic Times)
- Idea Cellular: Brookfield joins race to buy Vodafone and Idea stakes in Indus Towers. (Economic Times)
- Orient Green Power: Company's merger talks with IL&FS Wind hit a hurdle. (Economic Times)
- Brookfield joins race to buy Vodafone and Idea Cellular's stakes in Indus Towers (Economic Times)
- IDBI Bank seeks bids to sell 13.71 percent stake in Small Industries Development Bank of India (Financial Express)
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