Stocks To Watch: Axis Bank, Fertiliser Stocks, HPCL, Indiabulls Housing, Tata Steel
A trader works at the NYSE. (Photographer: Michael Nagle/Bloomberg)

Stocks To Watch: Axis Bank, Fertiliser Stocks, HPCL, Indiabulls Housing, Tata Steel

India equity benchmarks snapped a two-day winning streak as investors weighed declining coronavirus infections in the nation against the impact of global inflationary pressures and fund outflows.

Here are the stocks to watch in trade today:

  • Axis Bank: OFS for non-retail investors gets 4 times the demand as compared to the shares on offer. OFS for retail investors to open today. SUUTI will exercise the oversubcription option to sell another 0.74% stake in the bank.
  • Fertiliser stocks: The central government has decided to hike the subsidy for di-ammonium phosphate fertiliser to Rs 1,200 per bag from Rs 500 per bag.
  • Sintex Industries: The company's plant situated at Lunsapur in Gujarat has been damaged due to Cyclone Tauktae. The quantum of loss and estimated impact on the production due to the cyclone is being determined, the company said.
  • Shree Pushkar Chemicals & Fertilisers: The company's plant situated at Ratnagiri in Maharashtra has been damaged due to Cyclone Tauktae, resulting in temporary suspension of production at Unit I to V.
  • lndo Rama Synthetics (India): Approved capex plan up to Rs 600 crore in the company and its wholly owned subsidiary at Butibori in Nagpur towards addition of balancing equipment, manufacturing of specialty yarns and to install a 700 TPD PET Resin manufacturing facility.
  • Tata Steel: Fitch upgrades rating to BB with stable outlook.
  • No Nifty Earnings
  • Non-Nifty Earnings: HPCL, Brookfield India Real Estate Trust REIT, Bosch, Cosmo Films, Disa India, Electrosteel Castings, EPL, Expleo Solutions, Gujarat Industries Power Co., Havells India, IndInfravit Trust, JK Lakshmi Cement, KNR Constructions, Meghmani Organics, Plastiblends India, Music Broadcast, Relaxo Footwears, The Investment Trust Of India, Torrent Power, Ultramarine & Pigments, Usha Martin, Zee Entertainment Enterprises

Earnings Post Market Hours

Indiabulls Housing Finance Q4FY21 (QoQ)

  • NII down 4% at Rs 777.58 crore Vs Rs 807.21 crore
  • Net profit down 16% at Rs 276.23 crore Vs Rs 329.32 crore
  • GNPA at 2.66% Vs 2.44%
  • NNPA at 1.59% Vs 1.46%
  • Declared an interim dividend of Rs 9 per share. The record date for the same is May 31.

Endurance Technologies Q4FY21 (QoQ)

  • Revenue up 5% at Rs 2,132.80 crore Vs Rs 2,040.80 crore
  • Net profit down 1% at Rs 187.20 crore Vs Rs 190 crore
  • Ebitda down 6% at Rs 332 crore Vs Rs 352 crore
  • Ebitda margin at 15.6% Vs 17.2%
  • Recommended dividend of Rs 6 per share for FY21

JK Tyre & Industries Q4FY21 (QoQ)

  • Revenue up 6% at Rs 2,927.28 crore Vs Rs 2,769.28 crore
  • Net profit down 16% at Rs 189.12 crore Vs Rs 224.09 crore
  • Ebitda down 9% at Rs 454.67 crore Vs Rs 500.39 crore
  • Ebitda margin at 15.5% Vs 18.1%
  • Recommended a dividend of Rs 2 per share for FY21

Tanla Platforms Q4FY21 (Consolidated, QoQ)

  • Revenue down 1% at Rs 648.55 crore Vs Rs 654.11 crore
  • Net profit up 10% at Rs 102.53 crore Vs Rs 93.51 crore
  • Ebitda up 6% at Rs 134.03 crore Vs Rs 126.88 crore
  • Ebitda margin at 20.7% Vs 19.4%
  • Recommended final dividend of Re 1 per share

Pledge Share Details

  • Chambal Fertilisers & Chemicals: Promoter Zuari Global revoked pledge of 5.55 lakh shares between May 14-18.
  • Jindal Steel & Power: Promoter Opelina Sustainable Services revoked pledge of 31 lakh shares between May 11-12.
  • Gateway Distriparks: Promoter Prism International revoked pledge of 39 lakh shares on May 18.As reported on May 19.

Bulk Deals

  • Coforge: Hulst BV sold 31 lakh shares (5.12%) at Rs 3,250.58 per share.
  • Best Agrolife: Elara India Opportunities Fund sold 1.78 lakh shares (0.81%) at Rs 205.99 per share.

Insider Trades

  • Godrej Agrovet: Promoter Godrej Industries bought 33,341 shares on May 14.

Who's Meeting Whom

  • INOX Leisure: To meet UTIMF on May 20.
  • KEC International: To meet DAM Capital Advisors on May 20.
  • UTI Asset Management Company: To meet Enam Investment on May 20.
  • Mahindra Holidays & Resorts India: To meet Incred Capital on May 24 and Theleme Partners on May 25.

Trading Tweaks

  • Ex-Date Bonus Issue: IRCON International
  • Ex-Date Income Distribution RITES: Mindspace Business Parks REIT
  • Ex-Date Rights Issue: Vikas Lifecare
  • Ex-Date Stock Split: Jost's Engineering
  • Record Date Income Distribution: IRB InvIT Fund
  • Price Band Revised From 20% To 10%: Gokaldas Exports, Indo Rama Synthetics (India), Praj Industries
  • Price Band Revised From 20% To 10%: Gokaldas Exports, Indo Rama Synthetics (India), Praj Industries
  • Move Into Short-Term ASM Framework: Birla Corporation, Venky's (India), Nitin Spinners, Indo Rama Synthetics (India)
  • Move Out Of Short-Term ASM Framework: Apcotex Industries
  • Move Into ASM Framework: Best Agrolife, PTC India

F&O Cues

  • Nifty May futures ended at 15,048.55; premium of 18.4 points.
  • Nifty May futures shed 2.89% and 4,253 shares in Open Interest
  • Nifty Bank May futures ended at 33,815.20; premium of 130 points
  • Nifty Bank May futures shed 3.28% and 2,155 shares in Open Interest
  • Securities out of the ban list: BHEL, PNB and Sun TV
  • Securities that continue to be on the ban list: Nalco, Cadila Healthcare and SAIL
Stocks To Watch: Axis Bank, Fertiliser Stocks, HPCL, Indiabulls Housing, Tata Steel
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