Men watch the electronic stock ticker at the Bombay Stock Exhange (BSE) in Mumbai. (Photographer: Adeel Halim/Bloomberg News)

Stocks To Watch: Dish TV, Punjab National Bank, Raymond

Summary
  • Dish TV to transfer Videocon’s infra support undertaking to subsidiary Dish Infra
  • Somany Ceramics to set up a manufacturing facility in Andhra Pradesh
  • Rajasthan government signs joint venture pact with HPCL for Barmer refinery
  • Earnings to watch: Aarti Drugs, Castex Technologies and V-Mart Retail

The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index’s performance in India was little changed at 9,848.

Here are the stocks to watch out for in today’s session:

  • IndusInd Bank: Cuts savings deposit rates by 100 basis points
  • Punjab National Bank: Slashes interest rates by 50 basis points to 3.5 percent on savings accounts up to Rs 50 lakh
  • ICICI Lombard General: Expects SEBI nod for IPO in 2-3 weeks
  • Rajasthan Government: Signs joint venture pact with HPCL for Barmer refinery
  • IIFL AMC: Buys 2.59 percent in Reliance Nippon Life Asset Management
  • BSE, NSE to suspend trading in United Breweries Holdings from September 8 on account of “non-compliance with financial results and non- payment of fine for two consecutive quarters".

Other Corporate Announcements

  • Dish TV: To transfer Videocon’s infra support undertaking to subsidiary Dish Infra Services subject to shareholders approval
  • Somany Ceramics: To set up a manufacturing facility in Andhra Pradesh
  • Raymond: Raymond acquires stake in JK Ansell joint venture in sexual wellness business for Rs 19.30 crore and sells the glove business to Pacific Dunlop for Rs 11.3 crore
  • Mindtree: Buyback starts on August 18 and end on September 1
  • UFO Moviez: Company meets Centrum, Quantum Securities and Premji Investment

Manaksia Industries

  • To set up a subsidiary in Bangladesh and Sri Lanka for manufacturing of packaging products for an investment of $200,000
  • To set up a subsidiary in Georgia for medical business, metals, edible items for an investment of $200,000

Today’s Nifty Call

Bulk Deal

Huhtamaki PPL

  • HDFC MF sold 37.80 lakh shares or 5 percent stake at Rs 230 each
  • NT Asian Discovery Fund bought 34.54 lakh shares or 4.6 percent stake at Rs 230 each

Standard Chartered PLC

  • Credit Suisse First Boston (Singapore) sold 1.24 lakh shares at Rs 59 each
  • Citigroup Global Markets Mauritius bought 1.24 lakh shares at Rs 59 each

Aarvee Denim: DEG - Deutsche Investitions sold 17.62 lakh shares or 7.5 percent stake at Rs 29.62 each (average)

F&O Setup

  • Nifty Futures added 13.9 lakh shares in open interest, premium down to 5 points from 8 points earlier
  • Bank Nifty Futures shed 1 lakh shares in open interest
  • Max Call open interest at 10,000 at 53.6 lakh shares
  • Max Put open interest at 9,800 at 64 lakh shares
  • Call strikes 9800, 10000 see unwinding of open interest
  • Put strikes 9800 and 9900 see open interest addition

F&O Ban

  • Fortis Healthcare
  • HDIL
  • India Bulls Real Estate
  • Jaiprakash Associates
  • JSW Energy

Active Stock Futures

  • Hexaware sees open interest addition of 24 percent on long side
  • BEML sees open interest addition of 22 percent on long side
  • Apollo Hospital sees open interest addition of 13 percent on short side
  • Motherson Sumi sees open interest addition of 12 percent on short side
  • HDFC sees open interest addition of 12 percent on long side
  • Berger Paints sees open interest addition of 11 percent on short side
  • Coal India sees open interest addition of 10 percent on long side

Earnings Reaction To Watch

Dish TV (Q1, YoY)

  • Revenue down 5.1 percent to Rs 738.9 crore
  • EBITDA down 23 percent to Rs 201.2 crore
  • EBITDA margins narrowed to 27.2 percent from 33.5 percent
  • Net Loss of Rs 11.67 crore from net profit of Rs 37.68 crore

Eris Lifesciences (Q1, YoY)

  • Revenue up 1.5 percent to Rs 185.2 crore
  • EBITDA down 3 percent to Rs 71.4 crore
  • Margins narrowed to 38.6 percent from 40.4 percent
  • Net profit up 13.5 percent to Rs 70.8 crore

Apcotex Industries (Q1, YoY)

  • Revenue down 12.9 percent to Rs 132 crore
  • EBITDA down 19.8 percent to Rs 8.5 crore
  • Margin narrowed to 6.4 percent from 9.1 percent
  • Net profit down 37.5 percent to Rs 5 crore

Talbros Engineering (Q1, YoY)

  • Revenue up 20.5 percent to Rs 50 crore
  • EBITDA up 88.5 percent to Rs 4.9 crore
  • Margin expanded to 10.7 percent from 8.5 percent
  • Net profit up 60 percent to Rs 2 crore

Aspinwall and Company (Q1, YoY)

  • Revenue up 43.5 percent to Rs 61 crore
  • Net profit at Rs 5 crore from Rs 40 lakh net loss

Media Reports

  • SpiceJet: Deposits Rs 329 crore in dispute with Kalanithi Maran. (Mint)
  • Axis Bank: Offers EMI waivers on home loans of upto Rs 30 lakh. (Mint)
  • NCC: Eyes over 10 percent topline growth. (Business Line)
  • DLF: DLF-GIC deal for 40 percent stake in DLF rental arm enters final lap. (Financial Express)
  • L&T: Delivers two interceptor ships to Indian coast guard. (Financial Express)
  • Bharti Airtel: To hold shareholders, creditors meet in September on Telenor merger deal. (PTI)

Brokerage Radar

  • Yes Bank: Goldman Sachs maintained a 'Buy' rating with price target of Rs 1,875
  • AU Small Finance: Citi initiated coverage with 'neutral' rating and price target of Rs 600
  • KNR Construction: Nomura retains 'Buy' on the stock with price target hiked to Rs 287 from Rs 227

Dish TV

  • Motilal Oswal maintained 'Buy' on the stock with price target of Rs 106
  • IDFC Securities retained its 'Neutral' stance with price target cut to Rs 92 from Rs 95
  • CLSA reiterated its 'Buy' rating with price target cut to Rs 97 from Rs 112
  • Goldman Sachs maintained its 'Neutral' rating with price target of Rs 80
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