Stocks To Watch: DHFL, Network 18, Tata Teleservices, Vodafone Idea

U.S. futures and stocks in Asia fell after Apple Inc. said quarterly sales would miss forecasts, illustrating the blow to corporate earnings and economic growth from the deadly coronavirus.

Equities in Tokyo and Seoul opened lower, while there were more modest declines in Sydney. The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, fell 0.28 percent to 12,039.50 as of 6:58 a.m.

Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.

Here are the stocks to watch in trade today:

• Reliance Industries: TV18 Broadcast, Hathway Cable & Datacom and Den Networks will be merged into Network18 Media & Investments, according to an exchange filing.
• Vodafone Idea: The company decided to pay to the Department of Telecom a portion of the dues calculated based on AGR aggregating to a sum of Rs 2,500 crores on Feb. 17 and a further Rs 1,000 crore before the end of the week.
• Tata Teleservices and Tata Teleservices (Maharashtra) Ltd. made a payment of Rs 2,197 crore to the Department of Telecom towards license fees and spectrum usage charges.
• JSW Energy has signed a share purchase agreement to acquire a 100 percent stake in GMR Kamalaganga Energy for an enterprise value of Rs 5,321 crore. The target company owns a 1,050-megawatt power plant in Odisha.
• DHFL: Lenders to the company have received expressions of interest from 24 bidders under the insolvency process, two people in the know told BloombergQuint on condition of anonymity. The deadline for submitting EoIs ended at midnight on Monday. Bain Capital, Welspun Group, KKR & Co., Asset Reconstruction Company of India Ltd. or Arcil and Oaktree Capital are among those who have submitted bids for the entire DHFL portfolio, the people quoted above said.
• JSW Steel declared preferred bidder for three Odisha iron ore mines, whose combined iron ore resources stand at 1,092 million tonnes.
• Finolex Industries said that due to force majeure declared by company’s major vinyl chloride monomer supplier during March 2020, the operations of the company with respect to its VCM to polyvinyl chloride route will be affected for 30 to 35 days. This would result in a shortage of PVC production of approximately 15,000 MT.
• KPI Global Infra received a letter of intent for an order to execute a solar power project of 900 KW capacity from JPB Fibers.
• NIIT Technologies has set March 12 as the record date for the share buyback.
• Future Lifestyle Fashions to consider raising funds on Feb. 20.

Earnings Reaction To Watch

Huhtamaki PPL (Q4 CY, YoY)

• Revenue rose 9.8 percent to Rs 673.2 crore
• Net profit rose 3.8 times to Rs 68.2 crore
• Ebitda rose 1.7 percent to Rs 66.8 crore
• Margin stood at 9.9 percent versus 10.7 percent
• Margin impacted due to higher raw material costs
• Tax writeback of Rs 32 crore aided profit

Bulk Deals

APL Apollo Tubes

• HDFC MF sold 3 lakh shares (1.21 percent) at Rs 2,000 each

Trading Tweaks

• Gujarat Borosil record date for amalgamation
• RSWM, RattanIndia Power to move into short term ASM framework
• Oswal Agro Mills to move out of short term ASM framework
• Dynamic Industries, Veto Switchgears, and Cables price band revised to 10 percent
• Duke Offshore, CMI, SPML Infra price band revised to 5 percent

Who’s Meeting Whom

• Prince Pipes & Fittings to meet Kotak MF on Feb. 18
• CCL Products to meet Axis MF on Feb. 18
• Greaves Cotton to meet Kotak MF on Feb. 18
• Mahindra Logistics to meet RWC Partners, Spark Capital and other investors from Feb. 18-20
• Mahanagar Gas to meet Thornburg U.S. on Feb. 18

Insider Trading (As Reported On Feb. 17)

• Persistent Systems promoter Rama-Purushottam Foundation sold 25,000 shares on Feb. 13-14
• Godrej Agrovet promoter Godrej Industries acquired 16.1 lakh shares on Feb. 14

Money Market Update

The rupee ended stronger at Rs 71.29 against the dollar on Monday versus Rs 71.37 against the dollar on Friday.

F&O Cues

Futures

• Nifty February futures closed at 12,074.4, premium of 28.6 points
• Nifty February futures open interest down 2.7 percent, sheds 3.4 lakh shares in open interest
• Nifty Bank February futures closed at 30,776.3, premium of 95.6 points
• Nifty Bank futures open interest fell 10 percent, shed 1.3 lakh shares in open interest

Options

• Nifty PCR at 1.14 versus 1.27 (across all series)

Nifty Weekly Expiry: Feb. 20

• Max open interest on call side at 12,200 (34.4 lakh shares)
• Max open interest on put side at 12,000 (13.8 lakh shares)
• Open interest addition seen at 12,100C (+12.4 lakh shares), 12,150C (+11.1 lakh shares)
• Open interest shedding seen at 12,200P (-3.5 lakh shares)

Nifty Monthly Expiry: Feb. 27

• Max open interest on call side at 12,500 (26.2 lakh shares)
• Max open interest on put side at 12,000 (34.1 lakh shares)

Stocks In F&O Ban

• NCC
• Yes Bank