Indian equity benchmarks ended little changed on Friday as gains in ONGC, Sun Pharma and Tata Motors were offset by losses in Yes Bank, Bharti Airtel and Reliance Industries.
The S&P BSE Sensex was little changed at 33,157 and the NSE Nifty 50 Index fell 0.2 percent to 10,323.
The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, rose 0.18 percent to 10,389 as of 7:45 a.m.
Here Are the Stocks To Watch In Today’s Session
- M&M Financial: To consider fundraising proposal on November 1
- Sunteck Realty: Closes QIP; sets Issue Price at Rs 322 apiece
- Quess Corp: To acquire 46 percent stake in Heptagon Technologies
- Kridhan Infra: To acquire 36.60 percent stake in Vijay Nirman Company
- Cadila Health gets U.S. FDA approval for generic of Tazoxifen Citrate Tablets
- IDFC Bank, Shriram set to call off merger talks (Economic Times)
- SBI asks Odisha Govt to take equity in Bhushan Steel (Business Standard)
- Tata Sons to invest Rs 30,000 crore more in Tata Teleservices (Business Standard)
- L&T to invest Rs 500 crore in missile integrated facility (Business Line)
- InterGlobe Aviation: Said flying all Airbus A320neos as Pratt fixes engine issues
- ITC: Says legal cigarette industry volumes under severe pressure
Trading Changes
- BSEL Infra circuit filter revised to 10 percent
- L&T Tech, GNA Axles, ICICI Prudential, HPL Electric, Endurance Technologies dropped from S&P BSE IPO Index
- Atlas Cycles ex-date for stock split from Rs 10 to Rs 5 each
- Bharati Defence, Servalakhsmi Paper, Sharon Bio and Shilpi Cable last trading day before being shifted to ‘Z’ group
- Infosys last 2 trading sessions to determine buyback eligibility
IPO Watch
- Reliance Nippon Life Asset Management IPO closes. Final subscription subscribed 81.45 times.
F&O Setup
- Nifty November futures closed at 10,356.8, premium of 33.8 points versus 16.7 points
- November contracts- Nifty open interest up 3 percent, Bank Nifty open interest down 1 percent
- India volatility index closed at 11.47, down 1.2 percent
- Maximum open interest for November series at 10,500 call, open interest at 31.6 lakh shares, up 17 percent
- Max OI for November series at 10,000 put option, OI at 46.4 lakh shares, up 5 percent
F&O Ban
- Indiabulls Real Estate
- JSW Energy
Active Stock Futures
Bulk Deals
Sinclair Hotels
- MCCS Investment Holding sold 77,257 shares or 1.4 percent stake at Rs 319.85 each
Ashapura Minechem
- Fizza S Lakdawala sold 8 lakh shares or 0.9 percent stake at Rs 52.43 each
Gammon Infrastructure
- Promoter Gammon Power sold 1.25 crore shares or 1.3 percent stake at Rs 2.86 each
- Frontier Realty bought 1.19 crore shares or 1.3 percent stake at Rs 2.86 each
Earnings Reaction To Watch
ONGC Q2 (QoQ)
- Revenue down 0.6 percent at Rs 18,965 crore
- Net profit up 32 percent at Rs 5131 crore
- EBITDA up 3.5 percent at Rs 9,136 crore
- Margin at 48.2 percent versus 46.3 percent
- Other income up 126 percent at Rs 1,931 crore
Bharat Financial Q2 (YoY)
- Net interest income up 13 percent at Rs 261 crore
- Net profit down 19 percent at Rs 119 crore
- Provision of Rs 50 crore versus Rs 9 crore last year (Rs 176 crore last quarter)
- Gross NPA at 5.2 percent versus 6 percent (QoQ)
- Net NPA at 0.3 percent versus 1 percent (QoQ)
Jubilant Life Sciences Q2 (YoY)
- Revenue up 19 percent at Rs 1,642 crore
- Net profit down 13 percent at Rs 125.5 crore
- EBITDA down 10 percent at Rs 306 crore
- Margin at 18.6 percent versus 24.6 percent
Ramkrishma Forgings Q2 (YoY)
- Revenue up 113 percent at Rs 333 crore
- Net profit at Rs 23.5 crore versus loss of Rs 5 crore
- EBITDA up 124 percent at Rs 65 crore
- Margin at 19.5 percent versus 18.6 percent
HOEC Q2 (YoY)
- Revenue from operations up 126 percent to Rs 8.4 crore
- EBITDA up 5 times to Rs 7.2 crore
- EBITDA margin at 85.7 percent versus 38 percent
- Net profit up 90 percent to Rs 5.6 crore
- Depreciation up 2 times to Rs 3.7 crore
Bhageria Industries Q2 (YoY)
- Revenue up 4 percent at Rs 88.8 crore
- Net profit down 44 percent at Rs 9.2 crore
- EBITDA down 3.4 percent at Rs 19.9 crore
- Margin at 22.4 percent versus 24.1 percent
Adani Transmission Q2 (YoY)
- Revenue up 9 percent at Rs 746 crore
- Net profit down 33 percent at Rs 66.7 crore
- EBITDA down 6 percent at Rs 446 crore
- Margins at 59.8 percent versus 69.4 percent
Seshasayee Paper Q2 (YoY)
- Revenue down 13 percent at Rs 227 crore
- Net profit down 15 percent at Rs 26.2 crore
- EBITDA down 3 percent at Rs 47.5 crore
- Margin at 20.9 percent versus 18.9 percent
Aro Granite Q2 (YoY)
- Revenue down 21 percent at Rs 50.5 crore
- Net profit down 90 percent at Rs 0.34 crore
- EBITDA up down 63 percent at Rs 3 crore
- Margin at 5.9 percent versus 12.8 percent
Linde India (Q2, YoY)
- Revenue up 8.8 percent to Rs 507 crore
- Net profit at Rs 10 crore versus net loss of Rs 4 crore last year
- EBITDA up 12 percent to Rs 84 crore
- Margin expanded to 16.56 percent from 16.09 percent
Tata Metaliks (Q2, YoY)
- Revenue up 39.3 percent to Rs 450 crore
- Net profit up 52.5 percent to Rs 33.55 crore
- EBITDA up 47.25 percent to Rs 67 crore
- Margin at 14.88 percent versus 14.08 percent
Navin Fluorine (Q2, YoY)
- Revenues up 19.8 percent to Rs 218 crore
- Net profit up 13.1 percent to Rs 43 crore
- EBITDA up 29.3 percent to Rs 53 crore
- Margin at 24.3 percent from 22.5 percent
Sundaram Finance (Q2, YoY)
- Net interest income up 20 percent to Rs 341 crore
- Net profit up 25.3 percent to Rs 159.9 crore
ICICI Bank (Q2, YoY)
- Net interest income up 8.7 percent to Rs 5,709 crore
- Net profit down 33.7 percent to Rs 2058 crore
- GNPA at 7.87 percent from 7.99 percent (QoQ)
- NPA at 4.43 percent from 4.86 percent (QoQ)
- Provisions at Rs 4,503 crore from Rs 2,608 crore (QoQ)
Canara Bank (Q2, YoY)
- NII up 14 percent to Rs 2,783.4 crore
- Net profit down 27.2 percent to Rs 260 crore
- Gross NPA at 10.51 percent versus 10.56 percent (QoQ)
- Net NPA at 7.02 percent versus 7.09 percent (QoQ)
- Provisions at Rs 1,950 crore versus Rs 2,270 crore (QoQ)
Au Small Finance Bank (Q2, YoY)
- Net profit down 3 percent to Rs 68.24 crore
- NII up 12.2 percent to Rs 219.4 crore
- Gross NPAs at 3.08 percent versus 2.98 percent (QoQ)
- Net NPA at 2.09 percent versus 2.15 percent (QoQ)
- Provision at Rs 41 crore versus Rs 29 crore (QoQ)
Munjal Showa (Q2, YoY)
- Revenue up 6.7 percent to Rs 415.3 crore
- Net profit up 5.3 percent to Rs 20 crore
- EBITDA up 0.3 percent to Rs 31.2 crore
- Margin at 7.5 percent versus 7.99 percent
Jubilant Industries (Q2, YoY)
- Revenue down 8 percent to Rs 123.3 crore
- Net profit halved to Rs 2.5 crore
- EBITDA up 8 percent to Rs 13.4 crore
- Margin at 10.86 percent versus 9.2 percent
Sun Pharma Advanced Research Company (Q2, YoY)
- Revenue down 84.2 percent to Rs 15 crore
- Net loss of Rs 62.6 crore versus Net profit of Rs 15 crore
- EBITDA at Rs (62 crore) versus Rs 13.4 crore
- Margin down (413) percent from 14.1 percent
Ineos Styrolution India (Q2, YoY)
- Revenue up 22.9 percent to Rs 483 crore
- Net profit down 10.5 percent to Rs 17 crore
- EBITDA down 2.9 percent to Rs 33.5 crore
- Margin narrowed to 6.9 percent from 8.8 percent
Nifty Results Today
- Bharti Infratel
- HDFC
- Lupin
- Tata Steel
- UPL
Other Results Today
- Bharat Electronics
- Central Bank of India
- IDFC
- Kajaria Ceramics
- LIC Housing Finance
- Mahindra Lifespace Developers
- Marico
- Reliance Home Finance
- Sintex Industries
- Welspun Corp
- Wockhardt
- Century Plyboards
Brokerage Radar
- Nomura on Reliance Power: Upgraded to Neutral from Reduce; cut price target to Rs 42 from Rs 45.
- IDFC Securities on ONGC: Maintain Outperform; hiked price target to Rs 230 from Rs 215.
- TTK Prestige raised to Hold at Anand Rathi Securities
- United Spirits raised to Outperform at IDFC Securities
- Mphasis cut to Hold at Antique Stock Broking, price target Rs 710
- LIC Housing Finance cut to Reduce at IIFL, price target Rs 530
ICICI Bank
- Kotak Securities: Maintain Buy; Hiked price target to Rs 385 from Rs 370.
- UBS: Maintain Buy: hiked price target to Rs 400 from Rs 380.
- IDFC Securities: Maintains Outperformer; hiked price target to Rs 345 from Rs 315.
Indian Oil Corporation
- BoFA-ML: Maintain Neutral; hiked price target to Rs 442 from Rs 428.
- Nomura: Maintain Buy with price target of Rs 495.
ITC
- Axis Capital: Maintain Buy; cut price target to Rs 320 from Rs 330.
- Kotak Securities: Maintain Add; cut price target to Rs 310 from Rs 340.
- Credit Suisse: Maintain Neutral and price target of Rs 310.
PVR
- BoFA-ML: Maintain Buy; hiked price target to Rs 1,592 from Rs 1,557.
- IDFC Securities: Maintain Outperformer; cut price target to Rs 1,491 from Rs 1,542.
Maruti Suzuki
- Credit Suisse: Maintain Neutral; hiked price target to Rs 7,300 from Rs 6,800.
- Macquarie: Maintain Outperform; hiked price target to Rs 10,000 from Rs 8,250.
- Nomura: Maintains Buy; hiked price target to Rs 9,843 from Rs 8,993.