Markets Business Research Reports Exclusives Economy & Finance Law & Policy

Stocks To Watch: BHEL, BPCL, Coal India, M&M, Power Grid, Vedanta

Stocks to watch in Tuesday’s trade.

BQ Desk
Men look up at an electronic screen displaying stock figures at the Bombay Stock Exchange (BSE) in Mumbai (Photographer: Prashanth Vishwanathan/Bloomberg)
  • Vedanta ordered by Tamil Nadu government to seal and permanently close the copper smelter plant at Tuticorin.
  • Government increases its stake in IDBI Bank by 5 percent by acquiring 109.7 crore shares to 85.96 percent.

Asian stocks were mixed, with benchmarks heading lower in Japan and flat in South Korea and Australia.

The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, traded 0.2 percent lower at 10,650 as of 7:30 a.m.

Stocks To Watch Out For In Tuesday’s Trade

  • Vedanta ordered by Tamil Nadu government to seal and permanently close the copper smelter plant at Tuticorin.
  • Government increases its stake in IDBI Bank by 5 percent by acquiring 109.7 crore shares to 85.96 percent.
  • Arihant Superstructures subsidiary get loan sanction amounting to Rs 250 crore from HDFC for Panvel project.

F&O Setup

  • Nifty May Futures closed trading at 10,678.8 discount of 9.7 points versus 2.6 points.
  • Nifty June Futures trading at 10,691, premium of 2.4 points.
  • Nifty Rollover at 17 percent, Bank Nifty Rollover at 17 percent.
  • All series-Nifty open interest up 2 percent and Bank Nifty open interest down 3 percent.
  • India VIX ended at 13, up 3.2 percent.
  • Max open interest for May series at 10,800 Call, open interest at 50.3 lakh, open interest down 5 percent.
  • Max open interest for May series at 10,500 Put, open interest at 61.8 lakh, open interest down 8 percent.

F&O Ban

  • In Ban: Balrampur Chini, DHFL, IDBI, Jet Airways, Jain Irrigation, Reliance Communications
  • New in ban: Balrampur Chini
  • Out of ban: BEML, Just Dial

Alert: Only intraday positions can be taken in stocks which are in F&O ban, in case of a rollover of these intraday positions there is a penalty

Active Stock Futures

Bulk Deals

Advanced Enzyme Tech

  • HDFC Mutual Fund bought 15 lakh shares at Rs 222 each
  • Chandrakanth Rathi Innovations & Projects sold 17 lakh shares at Rs 222 each

KSK Energy Ventures Limit

Oriental Bank of Commerce sold 35 lakh shares at Rs 3.9 each

Nifty Earnings To Watch

  • BPCL
  • Coal India
  • M&M
  • Power Grid

Other Earnings To Watch

  • BEL
  • BHEL
  • Dilip Buildcon
  • Dish TV
  • Glenmark Pharma
  • Godfrey Philips
  • Ipca Labs
  • Torrent Power

Earnings Reactions To Watch

L&T (Q4, YoY)

  • Revenue up 11 percent at Rs 40,678 crore.
  • Net profit up 5 percent at Rs 3,167 crore.
  • Ebitda up 23 percent at Rs 5,390 crore.
  • Margin at 13.2 percent from 11.9 percent.

Lumax Industries (Q4, YoY)

  • Revenue up 45 percent at Rs 559 crore.
  • Net profit up 1.2 times to Rs 17.7 crore.
  • Ebitda up 81.6 percent at Rs 46.5 crore.
  • Margin at 8.3 percent versus 6.6 percent.
  • Deferred Tax Credit amounting to Rs 6.7 crore.

Finolex Cables (Q4, YoY)

  • Revenue up 12.2 percent at Rs 796 crore.
  • Net profit up 8.3 percent at Rs 81.8 crore.
  • Ebitda up 14.3 percent at Rs 115.4 crore.
  • Margin at 14.5 percent versus 14.2 percent.

Apex Frozen Foods (Q4, YoY)

  • Revenue up 23.8 percent at Rs 203.1 crore.
  • Net profit rose to Rs 17.5 crore.
  • Ebitda up 100 percent at Rs 24.9 crore.
  • Margin at 12.3 percent versus 7 percent.

Minda Corporation (Q4, YoY)

  • Revenue up 39.9 percent at Rs 720.5 crore.
  • Net profit up 1.4 times at Rs 38.7 crore.
  • Ebitda up 1.1 times at Rs 81.8 crore.
  • Margin at 11.4 percent versus 7.5 percent.

MM Forgings (Q4, YoY)

  • Revenue up 65.6 percent at Rs 199.5 crore.
  • Net profit rose 1.2 times to Rs 27.4 crore.
  • Ebitda up 63.6 percent at Rs 38.6 crore.
  • Margin at 19.3 percent versus 19.6 percent.

NMDC (Q4, YoY)

  • Revenue up 24.1 percent at Rs 462.2 crore.
  • Net profit up 30.3 percent at Rs 27.1 crore.
  • Ebitda up 1.7 times at Rs 51.6 crore.
  • Margin at 11.2 percent versus 5.2 percent.

Elgi Equipments (Q4, YoY)

  • Revenue up 24.1 percent at Rs 462.2 crore.
  • Net profit up 30.3 percent at Rs 27.1 crore.
  • Ebitda up 1.7 times at Rs 51.6 crore.
  • Margin at 11.2 percent versus 5.2 percent.

Bank of India (Q4, YOY)

  • NII down 26.1 percent at Rs 2,563.8 crore.
  • Net loss of Rs 3969.3 crore versus net loss of Rs 1,045 crore.
  • Provisions up 53.2 percent at Rs 6699.2 crore (QoQ).
  • GNPA at 16.58 percent versus 16.93 (QoQ).
  • NPA at 8.26 percent versus 10.29 percent (QoQ).

Oil India (Q4, QoQ)

  • Revenue up 5.1 percent at Rs 2,998.4 crore.
  • Net profit up 22.9 percent at Rs 866.5 crore.
  • Ebitda down 34.6 percent at Rs 800.7 crore.
  • Margin at 26.7 percent versus 10.29 percent.

Gravita India (Q4, YoY)

  • Revenue up 79.1 percent at Rs 362.4 crore.
  • Net profit up 20 percent at Rs 12 crore.
  • Ebitda up 29 percent at Rs 24.9 crore.
  • Margin at 6.9 percent versus 9.5 percent.

Aurobindo Pharma Q4 (YoY)

  • Revenue up 11 percent at Rs 4049 crore.
  • Net profit down 0.5 percent at Rs 529 crore.
  • Ebitda up 11 percent at Rs 805 crore.
  • Margin at 19.9 percent versus 19.8 percent.

Shilpa Medicare (Q4, YoY)

  • Revenue up 5.8 percent at Rs 234.5 crore.
  • Net profit down 18 percent at Rs 30.6 crore.
  • Ebitda down 16.1 percent at Rs 47.5 crore.
  • Margin at 20.3 percent from 25.5 percent.

United Bank of India (Q4, YOY)

  • NII up 2.3 percent at Rs 513.5 crore.
  • Net loss of Rs 260.6 crore versus net profit fo Rs 735.6 crore.
  • Provisions up 38.3 percent at Rs 1,333.4 crore (QoQ).
  • GNPA at 24.1 percent versus 20.1 percent (QoQ).
  • NPA at 16.49 percent versus 11.96 percent (QoQ).

NLC India (Q4, YoY) Standalone

  • Revenue down 10.3 percent at Rs 2,542.9 crore.
  • Net profit down 84 percent at Rs 381.3 crore.
  • Ebitda down 47 percent at Rs 878.8 crore.
  • Margin at 34.6 percent versus 58.4 percent.

Rural Electrical Corporation (Q4, YoY)

  • Revenue down 3.7 percent at Rs 5632 crore.
  • Net profit down 36.7 percent at Rs 834.8 crore.
  • Ebitda down 4 percent at Rs 4975.8 crore.
  • Margin at 88.3 percent versus 88.6 percent.

Angel Broking on Capacit`e Infraprojects

  • Initiated ‘Buy’ with a price target of Rs 340.
  • Large order book with marquee client base provides revenue visibility.
  • Focused approach leads to strengthening positioning.
  • Increased FSI to trigger construction work in Mumbai region.
  • Expanding presence in cities with a high growth potential.

CLSA on L&T

  • Maintained ‘Buy’ with a price target of Rs 1,730.
  • Q4 results beat guidance on inflow and margin.
  • Hydrocarbon - emerging star and fast-growing business.
  • L&T has a credible strategy to improve both growth and its ROE.
  • L&T is a good proxy for domestic Capex.

Credit Suisse on L&T

  • Maintained ‘Outperform’ with a price target of Rs 1,700.
  • Strong results with positive margins and working capital.
  • Strong 2018-19 growth guidance of 10-11 percent in order inflow and 12-15 percent in revenue.
  • Margin guidance allays concerns about raw material pressure.

CLSA on NTPC

  • Maintained ‘Buy’ with a price target of Rs 200.
  • March quarter results were in line; profit muted by higher cost.
  • Capacity additions clearly on track.
  • Expect a marked pick-up in profit growth due focused efforts to secure coal.

Edelweiss on NTPC

  • Maintained ‘Buy’ with a price target of Rs 202.
  • March quarter’s operating income was broadly in line; Coal allocation priority to resolve fixed cost under recoveries.
  • Expect regulated equity to compound at 15 percent over FY18-20
  • Guidelines on CERC norms could be an overhang.
  • NTPC preferred player for coal allocation; Limited downside with triggers in place.

Credit Suisse on Va Tech Wabag

  • Maintained ‘Outperform’; cut price target to Rs 700 from Rs 820.
  • Disappointing FY18; order momentum appears better now.
  • Some progress seen on Namami Gange projects.
  • Cut EPS estimates for the current and the next financial year by 14 percent and 19 percent respectively on weaker-than-expected March quarter results.
  • Maintain rating due to attractiveness of water treatment theme.

Credit Suisse on Bank of India

  • Maintained ‘Underperform’; cut price target to Rs 103 from Rs 122.
  • Q4: Capital infusion used to raise provision cover.
  • Operating performance remained weak, as loan book contracted.
  • Gross slippages stay elevated; Recoveries spike as guided.
  • Cut EPS estimates for the current and the next financial year by 17 percent and 35 percent respectively to build dilution.
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
GET REGULAR UPDATES

RECOMMENDED FOR YOU

CFO Leaders: The Making Of Five Star CFOs 
timelogo Jan 14, 2021
Stocks Rise, Treasuries Fall on Stimulus Bets: Markets Wrap
timelogo Aug 19, 2019
Stocks End Record-Setting Week With Further Gains: Markets Wrap
timelogo Jul 15, 2019
The Mutual Fund Show: The Dos And Don’ts Of Online Investing
timelogo Apr 27, 2019

POPULAR

1
M&M Financial Q4 Results: Profit Falls 9.5%, Misses Estimates
2
Mahindra Finance Fraud At Mizoram Branch Impacted Q4 Profit By Rs 135.86 Crore
3
Buffett Says US Corporate Taxes Likely To Rise To Tame Deficit
4
AI Scamming To Emerge As Next 'Growth Industry', Says Warren Buffett
5
Indian Air Force Convoy Attacked By Terrorists In Jammu And Kashmir's Poonch