- Tata Chemicals to sell 4.31 crore shares of Tata Global Beverages to Tata Sons
- Dr Reddy’s unit Aurigene and Curis announce the start of Phase II trials of its CA-170 program
- SH Kelkar board approves acquisition of VN Creative Chemicals
- NBCC signs pact with Belarus’ BZS for infrastructure, energy projects
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The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index’s performance in India, was little changed at 10,101.
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Here are the stocks to watch in today’s session:
- Capital First: Overseas investment limit raised to 50 percent from 24 percent
- Tata Motors: Global Wholesales up 9 percent year-on-year to 94,210 in August
- Dr Reddy’s: Unit Aurigene and Curis announce the start of Phase 2 trials of its CA-170 program
- S H Kelkar: Board approves acquisition of VN Creative Chemicals
- Wipro Lighting: Concludes agreement with pureLiFi
- NBCC: Signs pact with Belarus’ BZS for infrastructure, energy projects
- Shree Pushkar: Board meet on 3rd Oct to consider preference shares to promoters
- Indian Bank: To appoint merchant banker for stake dilution (PTI)
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Other Corporate Announcements
- Mindtree: Opened first innovation hub in the U.S.
- Lanco Infratech: Company said that the news of it leaving the realty business is speculative
- Piramal Enterprises: To raise Rs 600 crore by issuing non convertible debentures on private placement basis
- Tata Chemicals: To sell 4.31 crore shares of Tata Global Beverages to Tata Sons
- Tata Global Beverages: To sell 1.05 crore shares of Tata Chemicals to Tata Sons
- Rane Holding: Acquired 10.96 lakh shares in Rane Madras at Rs 547 each, increasing its holding to 60.44 percent post acquisition
IPO Watch
- Matrimony IPO Day 3. Issue subscribed 1.36 times
- Capacit'e Infraprojects IPO opens. Issue price Rs 245 - Rs 250
- SBI Life IPO to open on September 20, and close on September 22. Price band set at Rs 685- Rs 700 per share
- Bandhan Bank appoints five merchant bankers for proposed IPO
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Today’s Nifty Call
X
F&O Setup
- Nifty September Futures closed with a premium of 15 points versus 20 points
- September Nifty Futures open interest up 1 percent , Bank Nifty open interest up 7 percent
- India VIX closed lower by 4.8 percent at 11.7
- September series highest Call base shifts to 10,200 (open interest at 38.3 lakh, up 5 percent )
- September series highest Put base at 9,900 (open interest at 63 lakh, open interest up 13 percent)
- Call strikes 9,900,10,000 see open interest unwinding, 10,200 sees open interest addition
- Put strikes 10,000, 10,100, 10,200 see open interest addition
Active Stock Futures
- Voltas sees open interest addition of 29 percent on long side
- Havells sees open interest addition of 19 percent on long side
- Indigo sees open interest addition of 17 percent on short side
- ACC sees open interest addition of 13 percent on long side
- Manappuram sees open interest addition of 13 percent on long side
- NBCC sees open interest addition of 11 percent on long side
- NCC sees open interest addition of 11 percent on long side
- IGL sees open interest addition of 11 percent on long side
- JSW Energy sees open interest shedding of 7 percent, short covering seen
F&O Ban
- DHFL
- Indiabulls Real Estate
- JP Associates
Bulk Deals
- SP Apparels: Scottish Oriental Smaller Companies Trust plc bought 4.87 lakh shares or 1.9 percent stake at Rs 411.1 (average)
- Nath Bio Gene Ltd: Satpal Khattar bought 2 lakh shares or 1.25 percent stake at Rs 406.5 (average) each
- Omkar Speciality Chemicals: Promoter Omkar Herlekar sold 1.65 lakh shares or 0.8 percent stake at Rs 87.75 each
ADF Foods
- Promoter Ashok Thakkar sold 3.50 lakh shares or 1.7 percent stake at Rs 225.06 each
- Held 4.61 lakh shares or 2.18 percent stake as per June filing
Results Today
- AXISCADES Engineering
- Cheviot
- CMI
- Hindustan Motors
- ISMT
- ITI
- Kopran
- Lovable Lingerie
- Minda Corp
- Sandur Manganese
- STC
- Suprajit Engg
- TRIL
- WPIL
- Walchandnagar Inds
Earnings Reaction To Watch
Future Lifestyle Fashions (Q1, YoY)
- Revenue up 28.8 percent to Rs 1,032 crore
- EBITDA up 15.5 percent to Rs 85.5 crore
- Margin narrowed to 8.3 percent from 9.2 percent
- Profit up 30.6 percent Rs 23.5 crore from Rs 18 crore
Shemaroo (Q1, YoY)
- Revenue up 8 percent to Rs 104 crore
- EBITDA up 10 percent to Rs 33 crore
- Margins at 31.7 percent from 31.3 percent
- Profit up 14 percent to Rs 16 crore
Asahi Songwon Colours (Q1, YoY)
- Revenue down 5.8 percent at Rs 65 crore
- EBITDA down 50 percent at Rs 6 crore
- Margin narrowed to 9.4 percent from 17.6 percent
- Profit down 25 percent to Rs 3 crore
Jet Airways (Q1, YoY)
- Revenue up 9.9 percent at Rs 5,649 crore
- EBITDAR down 15 percent to Rs 716 crore versus Rs 838 crore
- EBITDAR margin contracted to 13 percent versus 16 percent
- Profit up 106 percent to Rs 53.5 crore
Kesar Terminals (Q1, YoY)
- Revenue down 4.5 percent at Rs 10.7 crore
- EBITDA down 20.6 percent at Rs 5.4 crore
- Margin narrowed to 50.5 percent from 60.7 percent
- Profit down 38 percent to Rs 3.7 crore
Mandhana Retail (Q1, YoY)
- Revenue up 46.8 percent to Rs 71 crore
- EBITDA down 11.5 percent to Rs 4.6 crore
- Margin at 6.5 percent versus 10.8 percent
- Net profit down 14.3 percent at Rs 2.4 Crore versus Rs 2.8 Crore
Brokerage Radar
- TCS: UBS maintained its 'Buy' rating with price target of Rs 2,800
- GAIL India: BoFAML retained its 'Underperform' rating on the stock with price target of Rs 302
- HPCL: Jefferies resumed coverage on the stock with an 'Underperform' rating and price target of Rs 400
- Indian Oil: Jefferies resumed coverage on the stock with a 'Buy' rating and price target of Rs 500
- BPCL: Jefferies resumed coverage on BPCL with an 'Underperform' rating and price target of Rs 425
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