- Reliance Industries, BP submit revised investment plan for KG-D6 gas finds
- Five bidders in fray for 30 percent stake in Jaiprakash Power
- TCS says Nielsen extends pact with company for five years
Jain Irrigation redeems foreign currency convertible bonds of $40 million Earnings to watch: ACC, Axis Bank, Bajaj Auto, Wipro among others.
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The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index’s performance in India, fell 0.28 percent to 10,252.50 as of 7:30 am
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Here are the stocks to watch out for in today’s session:
- Reliance Industries: RIL and BP submit revised investment plan for KG-D6 gas finds
- Mahindra & Mahindra Financial Services: Xl Group to acquire a 20 percent minority stake in unit Mahindra Insurance Brokers
- Jaiprakash Power: Brookfield, Resurgent Power, India Power, Edelweiss ARC and JSW Energy submit bids for 30 percent stake
- DB Realty: Settles LIC Housing Finance’s Rs 30.6 crore debt claim (Cogencis)
- SAIL: Supplies special grade steel for INS Kiltan
- Voltas: Pradeep Bakshi to takeover as CEO of the company
- V2 Retail: To allot 20 lakh shares to India 2020 Fund II Ltd. at Rs 380 each and 10 lakh shares to promoters
- Jain irrigation: Redeems foreign currency convertible bonds of $40 million
- HCL Infosystems: To consider rights issue on October 20
- PNB: Looks to raise $250-300 million via QIP (Mint)
- GTL Infra: To refinance Rs 4,800 crore debt In 3 months; in talks with four global banks. To sign the deal in next 2-3 months (Business Line)
Circuit Revisions/Stock Splits/Ex-Date
- Tata Teleservices: Circuit filter revised to 5 percent
- IIFL Holdings: Ex-date for demerger of 5 Paisa Digital
- Grasim: Added to the S&P BSE 500 Index
- Hind Rectifiers: Trades ex-rights basis
- Pokarna: Last trading day before stock split from Rs 10 to Rs 2
- RBI said Elpro International FII limit of 24 percent has been breached, no further buying allowed
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Today’s Nifty Call
X
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Bulk Deals
Aries Agro
- Vijay Kedia bought 2.6 lakh shares or 2 percent stake at Rs 199.93 each
IFB Industries
- DSP Blackrock MF sold 4.7 lakh shares or 1.2 percent percent stake at Rs 800.01 each
- Jwalamukhi Investments (Westbridge) buys 6.97 lakh shares or 1.7 percent stake at Rs 800 each
Radico Khaitan
- Societe Generale bought 19.45 lakh shares or 1.5 percent stake at Rs 203.48 each
India Grid Trust
- Reliance Venture Asset Management sold 25.51 lakh shares at Rs 94.5 each
- Blue Diamond Properties Pvt Ltd bought 25.51 lakh shares at Rs 94.5 each
F&O Setup
- Nifty October Futures closed with a premium of 24.9 points at 10,255.9
- October Futures: Nifty open interest up 0.3 percent and Bank Nifty open interest down 6 percent
- India VIX closed higher by 0.4 percent at 11.31
- October series highest Call base at 10,200 (open interest at 32.4 lakh, down 6 percent)
- October series highest Put base at 10,000 (open interest at 70.8 lakh)
- October Call strikes 10,000 10,100, 10,200 saw open interest unwinding
- October Put strikes 10,200, 10,300 saw open interest addition
F&O Ban
- DHFL
- Indiabulls Real Estate
- Infibeam
- JP Associates
- JSW Energy
- Reliance Communications
- Reliance Capital
Active Stocks Futures
- Federal bank saw open interest addition of 20 percent on long side
- IndusInd saw open interest addition of 14 percent on short side
- M&M Fin saw open interest addition of 14 percent on long side
- Colgate saw open interest addition of 13 percent on short side
- Bajaj Finance saw open interest addition of 11 percent on short side
- Berger Paints saw open interest addition of 9 percent on long side
- ICICI Prudential saw open interest addition of 8 percent on short side
Earnings Reaction To Watch
Oberoi Realty (Q2, YoY)
- Revenue up 20.4 percent to Rs 303.5 crore
- Net profit up 24.6 percent to Rs 104 crore
- EBITDA up 31.6 percent to Rs 164.5 crore
- Margins at 54.2 percent from 49.6 percent
DCB Bank (Q2, YoY)
- Net profit up 21.7 percent to Rs 58.9 crore Vs Rs 48.4 crore
- NII up 30.3 percent to Rs 248 crore Vs Rs 190.3 crore
- Gross NPA at 1.80 percent from 1.74 percent (QoQ)
- Net NPA at 0.90 percent from 0.92 (QoQ)
Sasken Tech (Q2, QoQ)
- Net profit up 8.7 percent to Rs 18.7 crore
- Revenue up 5.9 percent to Rs 125 crore
- EBITDA up 37.8 percent to 18.6 crore
- Margin to 14.9 percent
Hatsun Agro (Q2, YoY)
- Net profit up 17.5 percent to Rs 38 crore
- Revenue up 6.5 percent to Rs 1067 crore
- EBITDA up 15.85 to Rs 105.4 crore
- Margin at 9.9 percent
Delta Corp (Q2, YoY)
- Net profit up 33.5 percent to Rs 43 crore
- Revenue up 8.2 percent to Rs 145 crore
- EBITDA up 14.3 percent to Rs 64.5 crore
- Margin at 44.5 percent
Persistent System (Q2, QoQ)
- Net profit up 10 percent to Rs 82.6 crore
- Revenue up 4.6 percent to Rs 761.2 crore
- EBIT up 19.3 percent at Rs 77.8 crore
- EBIT margin at 10.2 percent
Bajaj Finserv (Q2, YoY)
- Net profit up 13.3 percent to Rs 652 crore
- Revenue up 27.7 percent to Rs 7561
Nifty Results Today
- Axis Bank
- Bajaj Auto
- Wipro
Other Results Today
- ACC
- AB Money
- Atul Auto
- Bajaj Holdings
- Blue Dart
- Crisil
- ICICI Lombard
- Nucleus Software
- Prakash Industries
- RS Software
- Som Distilleries
- Tata Sponge
Brokerage Radar
- Strides Shasun: HDFC Securities initiated coverage with a ‘Buy’ and price target of Rs 1,200
- Prime Focus: Motilal Oswal initiated coverage with a ‘Buy’ rating and price target of Rs 130
- Kansai Nerolac: IDFC Securities maintained ‘Outperform’ rating and hiked price target to Rs 522 from Rs 483
Bajaj Finance
- JP Morgan maintained ‘Overweight’ with price target of Rs 1,875
- Credit Suisse maintained ‘Underperform’ and hiked price target to Rs 1,250 from Rs 1,000
Federal Bank
- Morgan Stanley maintained an ‘Equal Weight’ on the stock with price target of Rs 95
- Deutsche Bank retained its ‘Buy’ rating and hiked price target to Rs 135 from Rs 130
- UBS reiterated its ‘Buy’ on the stock with price target of Rs 140
Persistent Systems
- Citi maintained ‘Sell’ and hiked price target to Rs 585 from Rs 575
- IDFC Securities maintained ‘Outperformer’ and hiked price target to Rs 280 from Rs 260
- KRChoksey maintained ‘Buy’ and hiked price target to Rs 348 from Rs 308
Colgate India
- CLSA maintained ‘Sell’ with price target of Rs 1,000
- Credit Suisse maintained ‘Neutral’ stance and cut price target to Rs 1,025 from Rs 1,090
- UBS maintained ‘Buy’ on the stock with price target of Rs 1,250
Sterlite Technologies
- IDFC Securities maintained ‘Outperformer’ rating and hiked price target to Rs 280 from Rs 260
- KRChoksey maintained ‘Buy’ rating and hiked price target to Rs 348 from Rs 308
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