Stocks To Watch: Adani Ports & SEZ, IDFC Bank, Wipro

The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, gained 0.2 percent to 9,314.

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

Adani Ports and SEZ

• Forms joint venture with France's CMA CGM to operate container terminal at Mundra port
• JV to jointly operate container terminal 4 at Mundra port for 15 years
• New container terminal commissioned three months ahead of schedule

Mahindra and Mahindra

• Mahindra Overseas Investment Company (Mauritius), a wholly owned subsidiary, has acquired 100 percent of the equity share capital of Mahindra Automotive North America (MANA)
• MANA has now become a wholly-owned subsidiary of MOICML and in-turn of the company

Dollar Industries

• GMO Emerging Domestic Opportunities Fund buys 1.71 lakh shares at Rs 1,521.05 per share
• Shakuntala Exim Pvt. Ltd. sells 75,000 shares at Rs 1,521.05 per share
• VK Mercantile Pvt. Ltd. sells 70,000 shares at Rs 1,521.05 per share

• Reliance Infrastructure: Shareholders approve issue of securities via QIP
• Seshasayee Paper and Boards: Revenue officials of the Tirunelveli district of Tamil Nadu have temporarilly suspended the drawing of water from river Thamirabharani for industrial use
• Indiabulls Real Estate: Cinnamon Capital Ltd. buys 50 lakh shares at Rs 153.99 per share
• Indian Terrain Fashion: Reliance Mutual Fund bought 6 lakh shares at Rs 199.78 while DSP Blackrock sold 7 lakh shares at Rs 200 per share
• Suzlon: Alloted 1.67 crore shares to FCCB holders at a price of Rs 15.46 per share
• VA Tech Vabag: Company's subsidiary in Spain, VA Tech Wabag S.L.U, Spain has been liquidated
• Zensar Technologies: Recommends a dividend of Rs 10 per share
• Indiabulls Housing Finance: Raised Rs 225 crore via issue of debentures on a private placement basis
• TCS: Announces May 8 as record date for share buyback
• Nucleus Software: Proposes buyback of up to Rs 118 crore at Rs 350 per share

Media Reports

• Eicher Motors: Volvo-Eicher JV to roll-out BS-VI compliant trucks. (Economic Times)
• Usha Martin: With Rs 5,000 crore at stake, lenders force out company's chairman. (Economic Times)
• Vascon Engineers: Lodha group looks to buy 15 percent stake in the company. (Economic Times)
• Bombay Rayon: To issue 126.7 million shares under S4A debt recast. (Bloomberg)
• Punjab Chemicals: Approves proposal to sell shares of unit STS Chemicals U.K. (Bloomberg)
• Vedanta: Plans to quadruple KCM copper output in the next 3-7 years. (Bloomberg)
• MCX: SEBI board to consider allowing options trading in commodity derivatives (PTI)

Earnings Reactions To Watch

Wipro

• Q4 profit rose 7.2 percent to Rs 2,267 crore from Rs 2,114.8 crore sequentially
• Revenues grew 2.1 percent to Rs 14,062 crore from Rs 13,764.5 crore in the previous quarter
• I.T. services revenue in U.S. dollar terms increased 2.7 percent to $1,945.6 million compared to $1,902.8 million quarter-on-quarter
• Announced a bonus issue in the ratio of 1:1

IDFC Bank

• Standalone net profit grew 7 percent to Rs 176 crore from Rs 165 crore last year
• Gross NPA declined to 2.99 percent from 7.03 percent sequentially
• Net Interest Income grew 20.45 percent to Rs 502 crore from Rs 416.8 crore year-on-year

Mahindra and Mahindra Financial Services

• Net profit declined 37 percent to Rs 234 crore from Rs 370 crore year-on-year
• Provisions at Rs 361 crore compared to Rs 419 crore sequentially
• Announced a total dividend of Rs 2.4 per share
• Total assets under management (AUMs) grew 14 percent to Rs 46,776 crore as of March 31, 2017

ICICI Prudential

• Net premium income at Rs 7,526.4 crore compared to Rs 6,343.3 crore year-on-year
• Profit rose 1.3 percent to Rs 408.4 crore from Rs 403.2 crore year-on-year
• Announced a total dividend of Rs 3.5 per share

LIC Housing Finance

• Profit rose 18 percent to Rs 529.2 crore from Rs 448 crore year-on-year
• Revenue rose 11.8 percent to Rs 3,661.9 crore from Rs 3,273.9 crore year-on-year
• Provisions nearly doubled to Rs 89.29 crore from Rs 45.3 crore sequentially
• Announced a dividend of Rs 6.2 per share

Brokerage Calls

• Indiabulls Housing Finance: Cut to 'Neutral' at Nomura
• JSW Steel: Macquarie initiated coverage with a 'Neutral' rating and a price target of Rs 202
• Tata Steel: Rated new 'Underperform' at Macquarie with a price target of Rs 360
• LIC Housing Finance: Raised to 'Overweight' at Morgan Stanley
• Reliance Industries: Raised to 'Accumulate' at India Infoline
• UltraTech Cement: Raised to 'Accumulate' at Arihant Capital

IPO Corner

S Chand IPO opens for subscription today at an issue price of Rs 660-670

Stocks Under F&O Ban

• Adani Enterprises
• Bank of India
• HDIL
• Indiabulls Real Estate
• Infibeam Incorporation
• Jindal Steel and Power
• Jaiprakash Associates
• Indocount Industries
• JSW Energy
• Reliance Communications
• TV18 Broadcast
• Ujjivan Financial Services
• Wockhardt

Earnings To Watch

• Axis Bank
• KPIT Technologies
• Lakshmi Vilas Bank
• Tata Sponge Iron
• Sterlite Technologies