- Tata Steel says U.K. regulator approves pension agreement
- InterGlobe Aviation to sell 3.35 crore equity shares to comply with shareholding norms
- Porinju buys shares of Liberty Shoes and Tata Coffee, exchange data showed
- Godrej Agrovet and SBI Life get SEBI approval for IPO
- Sun Pharma gets U.S. FDA nod for Fenofibrate Oral Tablet
- JP Associates new stock in F&O ban
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The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index’s performance in India, gained 0.35 percent to 10,060.
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Here are the stocks to watch in today’s session:
Tata Steel
- Says U.K. regulator approved Regulated Apportionment Arrangement (RAA)
- As part of RAA, Tata Steel U.K. will pay £550 million to British steel pension scheme
- Thyssenkrupp says Tata Steel Europe merger deal may come in September (Manager Magazin)
InterGlobe Aviation
- To sell 3.35 crore equity shares
- Fresh issue of 2.23 crore shares and offer-for-sale by promoters of 1.12 crore shares
- Sun Pharma: Gets the U.S. FDA nod for Fenofibrate Oral Tablet
- Zee Entertainment: To launch premium HD English movie channel
- Andhra Bank: To cut rate on up to 50 basis points on Rs 50 lakh saving accounts from Friday
- Diamond Power, Kamat Hotel, Store One Retail, Adhunik Metaliks: Circuit filter revised to 10 percent
- SORIL Holdings & Ventures: Circuit filter revised to 5 percent
- Essar Oil: To shut its Vadinar refinery for two weeks (Reuters)
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Other Corporate Announcements
- Bharti Airtel: Launches 4G VoLTE services in Mumbai, pan India rollout by March
- Electrosteel: CBI conducts raids at company’s offices
- GTL Infra: To consider allotment of equity shares upon conversion of FCCBs
- NTPC: Commissions 40MW of Rojmal wind energy project
Tanla Solution
- To allot 14.83 lakh equity shares to promoter Tanuja Reddy pursuant to conversion of warrants into equity
- Post allotment, her holding will increase by 0.94 percent to 30.08 percent from 29.14 percent
Crest Ventures
- Acquired 76,686 equity shares in Classic Mall development for Rs 12.68 crore
- Holding increased from 49 percent to 50 percent post acquisition
- Company had acquired 3.16 percent in Classic mall development on September 7 for Rs 43.50 crore
IPO
- Matrimony.com IPO subscribed 67 percent on Day 1
- Godrej Agrovet and SBI Life get SEBI approval for IPO
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Today’s Nifty Call
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F&O Setup
- Nifty September Futures closed with a premium of 20 points versus 15 points
- September Nifty Futures open interest up 2 percent, Bank Nifty open interest up 24 percent
- India VIX closed lower by 4.6 percent at 12.26
- September series highest Call base at 10000 (open interest at 38.8 lakh, down 18 percent)
- September series highest Put base shifts to 9900 (open interest at 56 lakh, up 8 percent)
- Call strikes 9,900, 9,950, 10,000 see open interest unwinding, 10150 and 10,200 see Open Interest addition
- Put strikes 9900, 10,000 see open interest addition
Active Stock Futures
- Bata India sees OI addition of 23 percent on long side
- Cadila Healthcare sees OI addition of 19 percent on short side
- Berger Paints sees OI addition of 17 percent on long side
- Torrent Pharma sees OI addition of 16 percent on short side
- IndusInd Bank sees OI addition of 15 percent on long side
- Petronet LNG sees OI addition of 15 percent on long side
- Siemens sees OI addition of 12 percent on long side
- GAIL sees OI addition of 11 percent on long side
- Chennai Petro sees OI addition of 11 percent on long side
- Jubilant Food sees OI addition of 9 percent on long side
F&O Ban
- DHFL
- Indiabulls Real Estate
- JP Associates
- JSW Energy
- Justdial
Bulk Deals
Liberty Shoes
- Equity Intelligence buys 3.21 lakh shares or 1.9 percent stake at Rs 235.48 each
- EQ India Fund bought 1.13 lakh shares or 0.7 percent stake at Rs 210.7 each
- Elsamma Joseph bought 1.25 lakh shares or 0.7 percent stake at Rs 23.06 each
Tata Coffee
- Equity Intelligence buys 10 lakh shares or 0.5 percent stake at Rs 150 each
- F Born AG sold 15 lakh shares or 0.8 percent stake at Rs 150.01 each
Repro India
- Promoters sell shares in the company:
- Tanya Vohra sold 55,000 shares or 0.5 percent stake at Rs 675 each
- Kunal Vohra sold 55,000 shares or 0.5 percent stake at Rs 675 each
- Trisha Vohra sold 55,000 shares or 0.5 percent stake at Rs 675 each
- Sanjeev Vohra sold 2.04 lakh shares or 1.9 percent stake at Rs 675.17 each
- Param Value Investments bought 2.75 lakh shares or 2.5 percent stake at Rs 675 each
- Omkar Specialty chemicals: Promoter Omkar Pravin Herlekar sold 2.45 lakh shares or 1.2 percent stake at Rs 87.97 each
- Vardhman Textiles: Mahavir Shares Trust sold 7 lakh shares or 1.2 percent stake at Rs 1,200 each
- 63 moons: Blackstone GPV Capital Partners (Mauritius) sold 11.24 lakh shares or 2.4 percent stake at Rs 70.3 each
- Minda Corp: Kotak India Growth Fund II sold 21.56 lakh shares or 1 percent stake at Rs 117.92 each
Movers & Shakers On NSE 500 This Month
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Results Today
- ABM Knowledge
- Asahi Songwon Colours
- Future Ligfestyle Fashions
- Jet Air
- Kesar Terminals
- Orient Refractories
- Shemaroo
- Windsor Machines
Earnings Reaction To Watch
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Neuland Labs (Q1, YoY)
- Revenue down 22.4 percent to Rs 117.5 crore
- EBITDA down 55.3 percent to Rs 10.5 crore
- Margin narrowed to 9.1 percent from 15.7 percent
- Profit down 75.8 percent to Rs 2.3 crore
Mawana Sugars (Q1, YoY)
- Revenue up 29.5 percent to Rs 436.5 crore
- EBITDA up 63 percent to Rs 37.5 crore
- Margin expanded to 8.6 percent from 6.9 percent
- Profit up 12 times to Rs 36 crore
- Aided by an extraordinary income of Rs 19 crore
Cochin Shipyard (Q1, YoY)
- Revenue up 34.6 percent to Rs 556 crore
- EBITDA up 12.9 percent to Rs 114 crore
- Margin narrowed to 20.5 percent from 24.5 percent
- Profit up 12.3 percent at Rs 91 crore
Indian Toners (Q1, YoY)
- Revenue down 21.4 percent to Rs 22 crore
- EBITDA down 33 percent to Rs 4 crore
- Margin narrowed to 18.2 percent from 21.4 percent
- Profit down 21.7 percent to Rs 3.6 crore
Multibase (Q1, YoY)
- Revenue up 33 percent to Rs 28 crore
- EBITDA up 25 percent to Rs 5 crore
- Margin narrowed to 20 percent from 21.1 percent
- Profit up 33 percent to Rs 4 crore
Andrew Yule (Q1, YoY)
- Revenue down 8.6 percent to Rs 64 crore
- EBITDA at (5 crore) from (2.5 crore)
- Margin at (7.8 percent) from (3.6 percent)
- Net loss of Rs 6 crore
Brokerage Radar
- Coal India: Morgan Stanley retained its 'Underweight' rating with price target of Rs 221
- HUL: Jefferies maintained a 'Buy' on the stock with price target hiked to Rs 1,320 from Rs 1,150
Tata Steel
- Morgan Stanley maintained its 'Overweight' rating on the stock with price target of Rs 741
- HSBC reiterated its 'Buy' rating with price target of Rs 750
IndusInd Bank
- JPMorgan maintained 'Overweight' on the stock and hiked price target to Rs 1,975 from Rs 1,675
- Macquarie retained its 'Outperform' rating with price target of Rs 1,625
- UBS maintained its 'Neutral' stance with price target of Rs 1,800
- Deutsche Bank maintained its ‘Buy’ on the stock with price target of Rs 1,850
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