- Reliance Jio announces new postpaid plan starting Rs 199 per month.
- Sharon bio-medicine gets Maharashtra Pollution Control Board approval to operate Taloja API plant.
- Fortis Healthcare board says it will recommend the offer proposed by the Munjal and the Burman family offices.
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Indian equity benchmarks halted their three-day gains dragged by Tata Motors, Sun Pharma, ITC and TCS.
The S&P BSE Sensex fell 0.21 percent or 73 points to 35,246 and the NSE Nifty 50 index slipped 0.23 percent or 25 points to 10,716.
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Stocks To Watch In Friday’s Trade
- PC Jeweller’s board approves buyback of 1.2 crore shares not exceeding Rs 424 crore at a price of Rs 350 per share.
- Reliance Jio announces new postpaid plan starting Rs 199 per month.
- Pennar Industries receives multiple orders worth Rs 492 crore.
- Shree Pushkar Chemicals and Fertilizers board approves preferential allotment of equity to promoter group.
- Sharon bio-medicine gets Maharashtra Pollution Control Board approval to operate Taloja API plant.
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F&O Setup
- Nifty May Futures closed trading at 10,725 with premium of 8 points versus 27.6 points.
- All series-Nifty open interest down 1 percent and Bank Nifty open interest down 7 percent.
- India VIX ended at 14.4, up 1 percent.
- Max open interest for May series at 11,000, open interest at 58.2 lakh, open interest up 8 percent.
- Max open interest for May series at 10,500, open interest at 54.6 lakh, open interest down 4 percent.
F&O Ban
- In ban: Balrampur Chini, Dewan Housing, IRB Infrastructure, Jet Airways, Justdial, Wockhardt, PC Jeweller
- New in ban: None
- Out of ban: None
- Only intraday positions can be taken in stocks under F&O ban. There is a penalty in case of a rollover of these positions.
Active Stock Futures
Bulk Deals
Infibeam: Nomura Singapore bought 30 lakh shares (0.6 percent) at Rs 167.75 each
Magma Fincorp
- Amansa Holdings bought 32.75 lakh shares (1.4 percent) at Rs 166 each
- GS Asia Growth Fund bought 20.14 lakh shares (0.8 percent) at Rs 166 each
- HDFC Standard Life Insurance bought 15.26 lakh shares (0.6 percent) at Rs 166.48 each
- Reliance Capital MF bought 39.15 lakh shares (1.7 percent) at Rs 166 each
- KKR Mauritius Direct Investments sold 36.74 lakh shares (1.6 percent) at Rs 166.04 each
- Zend Mauritius VC Investments sold 92.76 lakh shares (3.9 percent) at Rs 166 each
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Earnings To Watch
- Aarti Industries
- Aditya Birla Fashion
- Allahabad Bank
- Canara Bank
- Dena Bank
- Graphite India
- Havells India
- Oracle Financial Services Software
- Puravankara
- Rain Industries
- Sun TV Network
- Tata Global Beverages
Earnings Reaction To Watch
Titan Co (Q4, YoY)
- Net sales up 11.7 percent at Rs 3916 crore
- Ebitda up 67 percent at Rs 454 crore
- Ebitda Margin at 11.6 percent
- Net profit up 40.5 percent at Rs 282 crore
- Exceptional loss of Rs 80.7 crore
Nestle India (Q1, YoY)
- Net sales up 10.6 percent at Rs 2757 crore
- Ebitda up 34.6 percent at Rs 697 crore
- Ebitda Margin at 25.3 percent
- Net profit up 38 percent at Rs 424 crore
Ingersoll-Rand India (Q4, YoY)
- Revenue down 4 percent at Rs 136 crore
- Net profit down 2 percent at Rs 26.5 crore
- Ebitda up 60 percent at Rs 24 crore
- Margin at 17.6 percent
- Raw material cost down 20 percent at Rs 68 crore
- Tax expenses up 150 percent at Rs 15 crore
Mphasis Q4 QoQ
- Revenue up 5 percent at Rs 1744.5 crore
- Net profit up 11 percent at Rs 238 crore
- Ebit up 14 percent at Rs 292.5 crore
- Margin at 16.8 percent
Ujjivan Financial (Q4, YoY)
- NII up 64.5 percent at Rs 211 crore
- Net Profit grew 235 percent to Rs 64.9 crore
- Proisions at Rs 34.7 crore
- GNPA at 3.60 percent from 4.24 percent (QoQ)
- NNPA at 0.7 percent from 1.0 percent (QoQ)
Shankara Building (Q4, YoY)
- Revenue up 27 percent at Rs 761 crore
- Net profit up 16 percent at Rs 22 crore
- Ebitda up 20 percent at Rs 54 crore
- Margin at 7.1 percent
Apollo Tyres (Q4, YoY)
- Revenue up 21 percent at Rs 4031 crore
- Net profit up 10 percent at Rs 250 crore
- EBITDA up 39 percent at Rs 515 crore
- Margin at 12.8 percent
Bharat Bijlee (Q4, YoY)
- Revenue down 2 percent at Rs 223 crore
- Net profit up 600 percent at Rs 49 crore
- Ebitda up 26 percent at Rs 12 crore
- Margin at 5.4 percent
- Exceptional gain of Rs 47 crore in current quarter
Asian Paints (Q4, YoY)
- Revenue up 14.7 percent at Rs 4483 crore
- Net Profit up 4.1 percent at Rs 481 crore
- Ebitda up 18.5 percent at Rs 839 crore
- Margin at 18.7 percent
Zee Entertainment (Q4, YoY)
- Revenue up 13 percent at Rs 1725 crore
- Net profit down 85 percent at Rs 231 crore
- Ebitda up 8 percent at Rs 505 crore
- Margin at 29.3 percent
Chennai Petroleum (Q4, YoY)
- Revenue up 43 percent at Rs 9788 crore
- Net profit up 4 percent at Rs 178 crore
- Other Income of Rs 81 crore in base quarter
- Ebitda up 41 percent at Rs 355 crore
- Margin at 3.6 percent
Akzo Nobel (Q4, YoY)
- Revenue up 10 percent at Rs 700 crore
- Net profit up 226 percent at Rs 238 crore
- Ebitda down 6 percent at Rs 70 crore
- Margin at 10 percent
- One-time profit from sale of chemicals business worth Rs 186 crore in current quarter
Union Bank of India (Q4, YoY)
- NII down 8.1 percent at Rs 2193 crore
- Net Loss of Rs 2,583 crore
- Provisions at Rs 5638 crore from Rs 2521 crore (QoQ)
- GNPA at 15.73 percent
- NNPA at 8.42 percent
Adani Enterprises (Q4, YoY)
- Revenue down 13.5 percent at Rs 10234 crore
- Net profit down 15 percent at Rs Rs 188 crore
- EBITDA flat at Rs 656 crore
- Margin at 6.4 percent vs 5.5 percent
Laurus Labs (Q4, YoY)
- Revenue up 18.5 percent at Rs 560 crore
- Net profit down 37 percent at Rs 45 crore
- Ebitda up 1.5 percent at Rs 117 crore
- Margin at 20.8 percent
RSWM (Q4, YoY)
- Revenue down 7.5 percent at Rs 761 crore
- Net profit down 52 percent at Rs 14 crore
- EBITDA unchanged at Rs 70.5 crore
- Margin at 9.3 percent