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Stocks To Watch: Coal India, Dixon Technologies, Bodal Chemicals, Sical Logistics

The Singapore-traded SGX Nifty gained 0.35 percent to 10,075 as of 7:30 am.

Arundhati Sarkar
Signage for the Bombay Stock Exchange (BSE) is Displayed Next to a Bronze Bull Statue at the Entrance to the BSE Building in Mumbai (Photographer: Dhiraj Singh/Bloomberg)
  • Coal India signs wage pact with workers’ unions
  • CRISIL withdraws application to enter peer-to-peer lending business
  • Sical Logistics board approves buying MMTC’s 26 percent stake in unit
  • Dixon Technologies entered into design, manufacturing and supply agreement with Flipkart India
  • PSP Projects bagged order worth Rs 1,575 crore from Surat Diamond Bourses

The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index’s performance in India, gained 0.35 percent to 10,075 as of 7:30 a.m.

Here are the stocks to watch out for in today’s session:

  • Coal India: Signed a wage agreement with workers' unions for a period of five years which would have an estimated impact of Rs 5,667 crore annually to the miner.
  • Dena Bank: QIP opens issue; sets floor price at Rs 30.73 a share
  • Bodal Chemicals: QIP opens with price band of Rs 172-174 per share, as per term sheet
  • Karur Vysya Bank: Rights issue to open from October 25 to November 10
  • Crisil: Has withdrawn its application to enter peer-to-peer lending business
  • Sical Logistics: Approves buying MMTC's 26 percent stake in unit Sical Iron Ore
  • DCW: Commences commercial production of Chlorinated Poly Vinyl Chloride (CPVC) at its units in Tamil Nadu
  • Repro India: Issued 5.92 lakh shares at Rs 675 each on preferential basis to Malabar India Fund, Malabar Value Fund and Kedia Securities
  • Dixon Technologies: Entered into design, manufacturing and supply agreement with Flipkart India
  • PSP Projects: Bagged order worth Rs 1,575 crore from Surat Diamond Bourse

Other Corporate Announcements

  • Uttam Galva Steels: Said that news item related to infusion of funds in the company was “factually incorrect”
  • Tata Teleservices: Total subscribers at 78.94 lakh as of September 30, down 3.2 percent from last month and down 21.3 percent from last year
  • Sumeet Industries: SEBI issued final observation letter for the proposed rights issue
  • PVR: Launched PVR Privilege programme to offer cash back and special privileges to regular customers
  • Satin Creditcare Networks: Raised Rs 150 crore via QIP
  • Apollo Tyres: Raised Rs 1,500 crore via QIP
  • Axiscades Engineering Technologies: Issued corporate guarantee in favour of subsidiary for an amount of Rs 58.70 crore

Ex-Date/Splits/Circuit Revisions

  • Tata Teleservices and TVS Electronics: Circuit filter revised to 10 percent
  • Kwality Pharma: Ex-date for 1:1 bonus
  • Alexander Stamps: Ex-date for 1:5 bonus
  • Can Fin Homes: Last trading day before stock split from Rs 10 to Rs 2 per share
  • Kallam Spinning Mills: Last trading day before 1:4 bonus
  • Karur Vysya Bank: Last trading day before going ex-rights
  • Talbros Engineering: Last trading day before 1:1 bonus

IPO Watch

  • MAS Financial Services: IPO subscribed 128 times on final day; NII category 378 times
  • Indian Energy Exchange: IPO Day 3. Issue subscribed 0.43 times on day 2
  • General Insurance Corporation of India: IPO opens. Issue Price of Rs 855 - Rs 912

Today’s Nifty Call

X

Bulk Deals

  • Lumax Industries: Ashish Kacholia bought 62,837 shares or 0.7 percent stake at Rs 1,395.36 each
  • Strides Shasun: Steadview Capital Mauritius sold 6.37 lakh shares or 0.7 percent stake at Rs 861.19 each
  • SORIL Holdings and Ventures Ltd: Anil Bansilal Lodha sold 6.95 lakh shares or 1.4 percent stake at Rs 71.6 each (average)
  • GHCL Limited: Ocean Dial Gateway sold 5.81 lakh shares or 0.6 percent stake at Rs 230.58 each. Sold 7.49 lakh shares or 0.8 percent stake on Monday.
  • Tyche Industries: Garnet International bought 63,000 shares or 0.6 percent stake at Rs 116.2 each. Stock locked in 20 percent Upper Circuit

F&O Setup

  • Nifty October Futures closed with a premium of 19.7 points from 27.5 points at 10,035.7
  • October Futures: Nifty open interest up 2 percent; Bank Nifty open interest up 1 percent.
  • India VIX lower by 2.4 percent at 11.11
  • October series highest Call base at 10,000 (open interest at 45.5 lakh, up 4 percent).
  • October series highest Put base at 9800 (open interest at 58.3 lakh, up 1 percent).
  • October Call strikes 10,000 10,100, 10,200 see open interest addition.
  • October Put strikes 9900, 10,000 see open interest addition.

F&O Ban

  • Bharat Earth Movers
  • DHFL
  • Indiabulls Real Estate
  • JP Associates
  • JSW Energy
  • Reliance Communications
  • Reliance Capital

Active Stock Futures

  • Hexaware saw open interest addition of 29 percent on long side
  • Havells saw open interest addition of 26 percent on long side
  • Strides Shasun saw open interest addition of 26 percent on long side
  • NIIT tech saw open interest addition of 12 percent on long side
  • Raymond saw open interest addition of 8 percent on long side
  • Biocon saw open interest addition of 6 percent on long side
  • South Indian Bank saw open interest addition of 6 percent on short side

Earnings To Watch

  • Goa Carbon
  • Kirloskar Pneumatic
  • Lakshmi Vilas Bank
  • Network 18
  • TV18 Broadcast

Earnings Reaction To Watch

GM Breweries (Q2FY18, YoY)

  • Profit rose 45.5 percent to Rs 16 crore
  • Revenue rose 23.4 percent to Rs 385 crore
  • EBITDA up 56 percent to Rs 25 crore
  • Margin expanded to 24.8 percent from 18.4 percent

Brokerage Radar

  • Cochin Shipyard: ICICI Direct Initiated coverage on the stock with a ‘Buy’ rating and price target of Rs 725
  • Tata Steel: Deutsche Bank maintained ‘buy’ on the stock with price target hiked to Rs 870 from Rs 848
  • Indraprastha Gas: Citi retained its ‘Buy’ rating with price target hiked to Rs 1,720 from Rs 1,390
  • Axis Bank: CLSA upgraded stock to ‘Buy’ from ‘Outperform’ and hiked price target to Rs 620 from Rs 600

Coal India

  • JPMorgan maintained its ‘Neutral’ stance on the stock with price target of Rs 290
  • Morgan Stanley maintained ‘Underweight’ with price target of Rs 221
  • Motilal Oswal reiterated its ‘Buy’ on the stock with price target hiked to Rs 335 from Rs 305
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