- Tata Motors and Warburg Pincus mutually decide to call off the transaction in Tata Technologies.
- Oil India board to consider bonus share issue on Feb. 9.
- Emami to acquire 26 percent stake in beauty care brand Brillare Science through CCPS.
- Tata Motors Q3 net profit up nearly 13 times at Rs 1,199 crore.
- Hero MotoCorp and Lupin to announce its quarterly results today.
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Asian stocks plunged for a second day after a frantic sell-off in U.S. equity markets sent the Dow Jones Industrial Average to its biggest loss in six and a half years.
The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, dropped closed to 3 percent for the second time in last three days. It was 3.3 percent lower at 10,350 as of 7:10 a.m.
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Here Are The Stocks To Watch Out For In Tuesday’s Trade
- Tata Motors and Warburg Pincus mutually decide to call off the transaction in Tata Technologies.
- Bank of Baroda cuts overnight MCLR to 7.8 percent from 8.05 percent.
- MOIL approves share buyback proposal.
- Oil India board to consider bonus share issue on Feb. 9.
- LA Opala board approves 1:1 bonus issue.
- JBF Industries clarifies that they continue to evaluate all strategic options.
- Emami to acquire 26 percent stake in beauty care brand Brillare Science through CCPS.
- Endurance Tech to set up a plant in Karnataka to manufacture suspension product range.
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F&O Setup
- Nifty February futures trade at 10,684.6 premium of 18 points versus discount of 4 points.
- February series: Nifty open interest down 4 percent, Bank Nifty open interest up 2 percent.
- India VIX ended at 16, up 5.2 percent.
- Max open interest for February series at 11,500 call strike (open interest at 62.1 lakh, down 5 percent).
- Max open interest for February series at 10,500 put (open interest at 60 lakh, up 1 percent).
F&O Ban
- In ban: Fortis Healthcare, HDIL, India Cement, Wockhardt
- Out of ban: JP Associates
Only intraday positions can be taken in stocks which are in F&O ban. There is a penalty in case of rollover of these intraday positions.
Active Stock Futures
X
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Bulk Deals
- PC Jeweller: Fidelity Investment Trust - Fidelity Emerging Markets Fund bought 40.89 lakh shares or 1 percent equity at Rs 435.93 each.
- Bombay Dyeing: Societe Generale bought 12.68 lakh shares or 0.6 percent equity at Rs 215.98 each.
- Religare Enterprises: IDBI Trusteeship services sold 19.15 lakh shares or 1.1 percent equity at an average of Rs 37.15 each.
- Bhushan Steel: EARC Trust SC 283 sold 46.79 lakh shares or 2.1 percent equity at Rs 42.21 each.
Shaily Engineering Plastics
- Ashish Kacholia bought 2.95 lakh shares or 3.5 percent equity at Rs 963.51 each.
- Bengal Finance & Investment sold 2.95 lakh shares or 3.5 percent equity at Rs 963.45 each.
Earnings Reactions To Watch
Century Ply Q3
- Net sales up 20 percent at Rs 510 crore.
- Net profit up 27 percent at Rs 47 crore.
- Ebitda up 29 percent at Rs 87 crore.
- Margin at 17.1 percent versus 15.8 percent.
Manali Petrochemical Q3 (YoY)
- Revenue up 17 percent at Rs 162 crore.
- Net profit up 31 percent at Rs 17 crore.
- Ebitda up 96 percent at Rs 30.4 crore.
- Margin at 18.8 percent versus 11.2 percent.
MM Forgings Q3 (YoY)
- Revenue up 27 percent at Rs 152 crore.
- Net profit up 50 percent at Rs 15 crore.
- Ebitda up 31.25 percent at Rs 31.5 crore.
- Margin at 20.7 percent versus 20 percent.
BASF Q3 (YoY)
- Revenue up 14 percent at Rs 1,279 crore.
- Net profit of Rs 6.9 crore versus net loss of Rs 47 crore.
- Ebitda at Rs 68 crore versus Rs 16 crore.
- Margin at 5.3 percent versus 1.4 percent.
Cochin Shipyard Q3 (YoY)
- Revenue up 6 percent at Rs 615 crore.
- Net profit up 27.5 percent at Rs 176 crore.
- Ebitda up 20.7 percent at Rs 137 crore.
- Margin at 22.3 percent versus 19.5 percent.
Ujjivan Financial Services Q3 (YoY)
- NII down 1.6 percent at Rs 196 crore.
- Net profit down 33.3 percent at Rs 29.3 crore.
- Gross NPA at 4.24 percent versus 4.99 percent (QoQ).
- Net NPA at 1.04 percent versus 1.38 percent (QoQ).
Greaves Cotton Q3 (YoY)
- Revenue up 10.6 percent at Rs 447 crore.
- Net profit up 26.4 percent at Rs 55.6 crore.
- Ebitda up 3 percent at Rs 62 crore.
- Margin at 13.9 percent versus 14.9 percent.
Hudco Q3 (YoY)
- Net Interest Income up 18.5 percent at Rs 502 crore.
- Net profit down 10 percent at Rs 163.6 crore.
- Gross NPA at 6.99 percent versus 7.10 percent (QoQ).
- Net NPA at 1.84 percent versus 1.78 percent (QoQ).
Tata Motors Q3 (YoY)
- Revenue up 16 percent at Rs 74,156 crore.
- Net profit up 13 times at Rs 1,199 crore.
- Ebitda up 37 percent at Rs 8,543 crore.
- Margin at 11.5 percent versus 9.7 percent.
- JLR margin at 10.9 percent versus 10.1 percent.
Timken India Q3 (YoY)
- Revenue up 21 percent at Rs 279 crore.
- Net profit down 31 percent at Rs 9 crore.
- Ebitda down 12 percent at Rs 20.8 crore.
- Margin at 7.5 percent versus 10.3 percent.
Igarashi Motors Q3 (YoY)
- Revenue down 18 percent at Rs 102 crore.
- Net profit down 17 percent at Rs 15 crore.
- Ebitda down 32 percent at Rs 21 crore.
- Margin at 20.6 percent versus 25 percent.
Mcleod Russel India Q3 (YoY)
- Revenue up 21.5 percent at Rs 556 crore.
- Net profit up 181.25 percent at Rs 67.5 crore.
- Other income up more than 4 times at Rs 93 crore.
- Ebitda down 15.7 percent at Rs 51 crore.
- Margin at 9.2 percent versus 13.2 percent.
Sheela Foam Q3 (YoY)
- Revenue up 10 percent at Rs 532 crore.
- Net profit down 7 percent at Rs 39 crore.
- Ebitda down 7 percent at Rs 61 crore.
- Margin at 11.5 percent versus 13.6 percent.
ENIL Q3 (YoY)
- Revenue down 2 percent at Rs 148 crore.
- Net profit down 18.75 percent at Rs 13 crore.
- Ebitda down 10 percent at Rs 35 crore.
- Margin at 23.6 percent versus 25.8 percent.
Nifty Earnings To Watch
- Hero MotoCorp
- Lupin
Other Earnings To Watch
- Advanced Enzyme Technologies
- AIA Engineering
- Apollo Tyres
- Bank Of Maharashtra
- Berger Paints
- Blue Star
- Castrol India
- Dish TV India
- Future Retail
- JSW Energy
- KEC International
- Natco Pharma
- Oracle Financial Services Software
- Punjab National Bank
- REC
- Siemens
- Spicejet
- Tata Chemicals
- Thermax
Brokerage Radar
JPMorgan on Colgate-Palmolive
- Maintained ‘Neutral’ with price target of Rs 1,110.
- December quarters operating income was ahead of estimate led by margin beat; Revenue broadly in line.
- Margins surprise positively yet again.
- Volume growth of 12 percent was below, but pricing growth was better.
- Market share yet to show improvement.
- Opportunity to participate more in the Naturals segment.
Credit Suisse on Colgate-Palmolive
- Maintained ‘Neutral’; raised price target to Rs 1,120 from Rs 1,025.
- December quarter’s volume and market share trends remain weak; Margins surprise.
- Volume growth over two years is 0, lowest in the peer set.
- Market share slide continues as challengers from naturals segment grow rapidly.
- Margins surprise positively on good cost control and lower trade promotions.
JPMorgan on Westlife Development
- Multi-quarter high same-store-sales-growth (SSSG) of 20.7 percent in previous quarter
- Menu innovation and formats driving growth.
- Positive outlook for SSSG/margin delivery.
- Mix improvement, operating leverage and stable royalty payout to aid margin.
CLSA on Tata Motors
- Maintained ‘Sell’ with price target of Rs 395.
- Weak December quarter results pulled down by JLR.
- Indian business surprised positively.
- JLR is facing weak demand and margin pressure.
- Indian business seeing improvement.
Media Reports
- IndiGo, Vitara apply to spread wings globally (Times of India).
- Aditya Birla Fashion to cut Forever 21 businesses (Times of India).
- Biyani explores Future journey with Amazon (Economic Times).
- ArcelorMittal to exit Uttam Galva Steels to avoid IBC googly (Economic Times).
- Torrent Pharma enters round II in Sanofi generic unit auction (Economic Times).
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