- Manipal-TPG revises offer for Fortis Healthcare to Rs 180 per share.
- Kaveri Seeds to consider share buyback on May 24.
- Delhi High Court agrees to hear plea filed by Daiichi and a strategic investor to stop Fortis sale.
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Indian equity benchmarks were little changed as market participants stayed away from taking risky bets a day ahead of Karnataka assembly election results.
The NSE Nifty 50 index was unchanged at 10,806.60 and the S&P BSE Sensex was little changed at 35,557.
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Stocks To Watch In Tuesday’s Trade
- Manipal-TPG revises offer for Fortis Healthcare to Rs 180 per share
- RBI imposes further restrictions under PCA on Allahabad Bank.
- JK Paper approves setting up additional capacity upto 2 lakh tonnes per annum of packaging board, pulping facilities up to 1.6 lakh tonnes per annum, and utilities in Gujarat for Rs 1,450 crore.
- Kaveri Seeds to consider share buyback on May 24.
- Adlabs Entertainment to consider issue of securities to QIB on May 17.
- Shalimar paints to consider rights issue on May 23.
- Delhi High Court agrees to hear plea filed by Daiichi and a strategic investor to stop Fortis sale.
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Earnings Reaction To Watch
HUL (Q4, YoY)
- Revenue up 11 percent at Rs 9,097 crore
- Net profit up 14 percent at Rs 1,351 crore
- Ebitda up 24 percent at Rs 2,048 crore
- Margin at 22.5 percent versus 20.1 percent
Dr. Lal PathLabs (Q4, YoY)
- Revenue up 21 percent at Rs 267 crore
- Net profit up 25 percent at Rs 40 crore
- Ebitda up 28 percent at Rs 64 crore
- Margin at 24 percent versus 22.7 percent
Bombay Dyeing (Q4, YoY)
- Revenue up 44 percent at Rs 758 crore
- Net profit at Rs 11 crore versus net loss of Rs 62.5 crore
- Ebitda at Rs 229.5 crore versus Rs 109.5 crore
- Margin at 30.3 percent versus 20.8 percent
Polaris Consulting (Q4, QoQ)
- Revenue up 6 percent at Rs 721 crore
- Net profit up 25.5 percent at Rs 69 crore
- Ebit up 23 percent at Rs 97 crore
- Margin at 13.5 percent versus 11.6 percent
KEC International (Q4, YoY)
- Revenue up 29 percent at Rs 3,664 crore
- Net profit up 35 percent at Rs 196 crore
- Ebitda up 23 percent at Rs 370.5 crore
- Margin at 10.1 percent versus 10.6 percent
Balaji Amines (Q4, YoY)
- Revenue up 33 percent at Rs 257 crore
- Net profit up 83 percent at Rs 33 crore
- Ebitda up 22 percent at Rs 47 crore
- Margin at 18.3 percent versus 19.9 percent
JK Paper (Q4, YoY)
- Revenue up 8 percent at Rs 752 crore
- Net profit up 32 percent at Rs 74 crore
- Ebitda up 17 percent at Rs 167 crore
- Margin at 22.2 percent versus 20.4 percent
Honeywell Automation (Q4, YoY)
- Revenue up 8 percent at Rs 640 crore
- Net profit at Rs 58 crore versus Rs 22 crore
- Ebitda up 11 percent at Rs 80 crore
- Margin at 12.5 percent versus 12.2 percent
Cupid (Q4, YoY)
- Revenue down 4 percent at Rs 17.65 crore
- Net profit at Rs 2.7 crore versus Rs 4.9 crore
- Ebitda at Rs 3.85 crore versus Rs 7.9 crore
- Margin at 21.8 percent versus 42.9 percent
F&O Setup
- Nifty May Futures closed trading at 10,814.7 with premium of 8 points versus 13.6 points
- All series: Nifty open interest down 2 percent
- India VIX ended at 14.2, up 2 percent
- Max open interest for May series at 11,000 (open interest at 61.4 lakh, up 3 percent)
- Max open interest for May series at 10,500 (open interest at 66.7 lakh, up 6 percent)
F&O Ban
- In ban: Dewan Housing, IRB Infra, Jet Airways, JP Associates. Just Dial, Wockhardt
- New in ban: JP Associates, Just Dial
- Out of ban: Balrampur Chini
- Only intraday positions can be taken in stocks which are in F&O ban. There is a penalty in case of a rollover of these intraday positions
Bulk Deals
Mphasis
- First State Asian Equity Plus Fund bought 24.39 lakh shares (1.3 percent) at Rs 960 each
- Nomura Funds Ireland plc. India Equity Fund bought 11.20 lakh shares (0.6 percent) at Rs 961.1 each
- Oppenheimer International Small Company Fund bought 28.11 lakh shares (1.5 percent) at Rs 960 each
- Nomura India Stock Mother Fund bought 15.20 lakh shares (0.8 percent) at Rs 961.1 each
- Promoter Marble II Pte Ltd sold 1.54crore shares (8 percent) at Rs 960.09 each