Stocks To Watch: Adani Enterprises, Adani Ports, NIIT Technologies, Piramal Enterprises, Wipro, Yes Bank

Stocks in Asia began the session mixed, with investors weighing optimism that more economies are moving toward easing lockdowns against cautionary comments from Federal Reserve officials. Shares in Sydney dipped along with those in Taiwan, while equities in Seoul and Singapore advanced.

The SGX Nifty showed a marginal gain of 0.02 percent, at 9184.50 as of 7 a.m.

Here are the stocks to watch in trade today:

• Adani Ports & SEZ: For financial year 2021, company to reduce operating costs and capex will be curtailed to Rs.2,000 crore. Cargo throughput up 7 percent at 223 MMT for fiscal year 2020. Expecting slow pick up in cargo volume in second quarter of financial year 2021.V shape recovery possible in in the second half of the current fiscal year, post complete lifting of lockdown.
• VST Tillers Tractors April update: Power Tillers sales up 2.6 times at 761 units. Tractors sales down 24 percent at 328 units.
• Piramal Enterprises clarified on the news of KKR group likely to pick 20 percent stake in the company Rs. 3,500 crore, that no such proposal has been placed for approval before the board.
• Wipro signed MoU with Maharashtra to repurpose Pune IT facility to 450-bed Covid-19 hospital. Hospital to be converted back to IT facility in a year.
• Punjab & Sind Bank to seek shareholders nod to raise Rs 500 crore via equity capital through QIP route in one or more tranches within the next 12 months.
• United Breweries said that its breweries located in states where permitted have resumed its operations with a limited workforce in a phased manner.
• NIIT Technologies: Board approved the change of the company name to Coforge Limited.
• United Spirits has resumed operations at the majority of its manufacturing facilities with reduced capacity
• HIL has received permission from authorities to start operations in Maharashtra, Uttar Pradesh, Andhra Pradesh, Haryana and Telangana.
• GE T&D India has partially resumed operations at most of its manufacturing locations and some of the project sites.
• Greenply Industries: Supreme Court of India upheld the Special Leave Petition filed by the Union of India in civil appeal in respect of availing of area-based exemption under Central Excise.
• Prince Pipe & Fittings has resumed manufacturing operations at its various locations where the restrictions have been eased.
• Pricol: Operations at two units in Coimbatore to resume with effect from May 6.
• Jindal Stainless: Resumed its operations at the Jajpur plant in Odisha.
• Shilpa Medicare: Board approved establishing wholly-owned arms in Canada and Spain for business operations
• Titagarh Wagons: Italian arm has started operations with effect from May 4
• Rallis said that capacity expansion at Dahej slightly delayed amid COVID19 lockdown.

Nifty Earnings

• Revenue down 5.2 percent at Rs 2,921 crore (Est Rs 3,265 crore)
• EBITDA down 14.9 percent at Rs 1,644 crore (Est Rs 1,895 crore)
• Margins at 56.3 percent versus 62.7 percent (Est 58.1 percent)
• Net Profit down 74 percent at Rs 337 crore (Est Rs 887 crore)
• Forex loss of Rs 1,004 crore in current quarter
• Cargo volumes up 7 percent at 58 MMT

Other Earnings

NIIT Technologies Q4 (Consolidated, QoQ)

• Revenue up 3.3 percent at Rs 1,109.3 crore
• Net profit down 7.9 percent at Rs 113.6 crore
• EBITDA up 1.8 percent at Rs 198.4 crore
• Margins at 17.9 percent versus 18.1 percent
• Exceptional loss of Rs 12.8 crore in current quarter
• $468 million of firm business executable over next 12 months

Earnings Today

• Adani Enterprises
• Yes Bank
• JM Financial
• Kansai Nerolac Paints
• TCI Developers

Bulk Deals

• Apollo Pipes: Promoter Sameer Gupta acquired 1.25 lakh shares (0.95 percent) at Rs 309.98 per share.
• Majesco: Amansa Holdings acquired 8.1 lakh shares (2.82 percent) at Rs 245.5 per share and DSP Mutual Fund sold 8.43 lakh shares (2.94 percent) at Rs 245.5 per share

Pledged Share Details

• Forbes & Company promoter Shapoorji Pallonji created pledge of 38.7 lakh shares on April 30
• Future Consumer promoter Future Capital Investment invoked pledge of 94 lakh shares on April 30

(As Reported On May 5)

Trading Tweaks

• Move Into ASM Framework: STI India
• Move Into Short-Term ASM Framework: Apollo Micro Systems, Rushil Decor
• Move Out Of Short-Term ASM Framework: Hathway Cable & Datacom, La Opala RG, Ahluwalia Contracts, KDDL, Ramky Infrastructure

Insider Trading

• Mindtree promoter NS Parthasarathy sold 20,000 shares on May 4
• Apollo Tricoat Tubes promoter Lakshmi Metal Udyog acquired 40,000 shares on May 5

(As Reported On May 5)

F&O Cues

Index Futures

• Nifty May futures closed at 9208, premium of 3 points versus 7 points premium
• Nifty May futures open interest down 6.3 percent, sheds 5.5 lakh shares in open interest
• Nifty Bank May futures closed at 20,676, premium of 25 points versus 110 points premium
• Nifty Bank May futures open interest up 7.4 percent, adds 1 lakh shares in open interest

Options

• Nifty PCR at 1.23 versus 1.35 (across all series)

Nifty Weekly Expiry

• Max open interest on call side at 1000 (27.3 lakh shares)
• Max open interest on put side at 9000 (14.2 lakh shares)
• Active Options: 9400 Call (+6.7 lakh shares), 9100 Put (+3.9 lakh shares)

Nifty Monthly Expiry: May 28

• Max open interest on call side at 9500 (12.1 lakh shares)
• Max open interest on put side at 9000 (24.4 lakh shares)