Stocks To Watch: Bharti Infratel, Max Financial, Union Bank

The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, was little changed at 9,344.

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

Max India

• To consider acquisition of 3.75 percent equity shares of Max Healthcare Institute
• Shares to be acquired from International Finance Corporation, U.S.
• To issue warrants to promoter group entities

Tata Sponge Iron

• Received clearance to enhance production of direct-reduced iron by 35,000 tonne per annum
• Total capacity now increases to 4.25 lakh tonne per annum from 3.9 lakh tonne per annum

Laurus Labs

• Natco Pharma launches generic version of Hepatitis C releted product on an API supplied by Laurus Labs
• Natco Pharma is the company's pharmaceutical and marketing partner
• Net profit from the sale of this product will be shared by the company

Eros International

• Eros Worldwide Fz Llc sells 34.6 lakh shares or 3.7 percent stake at Rs 226 per share
• Signs a television syndication deal with Zee for three forthcoming releases this year including Sarkar 3, Munna Michael and Shubh Mangal Savdhaan

Shankara Building Products

• Ashoka PTE buys 2 lakh shares or 0.9 percent stake at Rs 695 per share
• SBI Mutual Fund buys 2.2 lakh shares or 1 percent stake at Rs 695 per share
• Templeton Mutual Fund buys 7.3 lakh shares or 3.3 percent stake at Rs 695 per share
• Reliance Alternative Investments Fund sells 16.4 lakh shares or 7.4 percent stake at Rs 695.7 per share

• PNB Housing Finance: Usha Ananthasubramanian steps down from directorship and chairpersonship of the company
• Feeders Lloyd Corporation: Transfers brand name, logo, trademark or any other intellectual property related to Lloyd to Havells India for Rs 50 crore thereby completing the sale of the consumer durables business
• Federal bank: Seeks shareholder approval to raise capital through issuance of securities and to raise the ceiling limit of FIIs/FPIs to 74 percent of the share capital
• Bombay Dyeing: RMD Enterprises sells 12.4 lakh shares or 0.6 percent stake at Rs 83.74 per share
• Punjab and Sind Bank: Issues bonds amounting to Rs 1,000 crore on a private placement basis
• Torrent Pharma: Completes acquisition of Regestrone and Pregachieve brands from Novartis AG.
• Smartlink Network: Invests an additional Rs 1 crore in its wholly-owned subsidiary Telesmart SCS

Stocks In F&O Ban

• Adani Enterprises
• Bharat Financial Inclusion
• IRB Infrastructure
• Karnataka Bank
• Ujjivan Finance

Brokerage Calls

• Apollo Tyres: Cut to 'Reduce' at Quantum Securities
• Godrej Properties: Cut to 'Neutral' at JPMorgan with a price target of Rs 520
• Orient Cement: Cut to 'Reduce' at Elara Securities India with a price target of Rs 165

Source: Bloomberg

Earnings Reaction To Watch

ABB India (Q1, YoY)

• Net profit up 3.52 percent to Rs 88 crore compared to Rs 85 crore
• EBITDA up 0.96 percent to Rs 131 crore compared to Rs 130 crore
• EBITDA Margins contract 50 basis points to 6 percent from 6.5 percent
• Orders grew 27.97 percent to Rs 2,342 crore compared to Rs 1,830 crore

Bharti Infratel (Q4, YoY)

• Net profit down 17 percent at Rs 596.6 crore compared to Rs 718.4 crore
• EBITDA up 15 percent at Rs 769.5 crore compared to Rs 669.6 crore
• EBITDA Margins at 47.9 percent from 47.2 percent

Union Bank of India (Q4, YoY)

• Net profit up 12.5 percent at Rs 108 crore
• Gross NPA down 11.17 percent from 11.7 percent (QoQ)
• Net NPA down to 6.57 percent from 6.95 percent (QoQ)
• Provisions up 46 percent to Rs 2,444 crore compared to Rs 1,670 crore (QoQ)

Precision Wires (Q4, YoY)

• Net profit up 40 percent at Rs 6.9 crore
• EBITDA up 10 percent at Rs 15.51 crore
• EBITDA Margin down to 6.2 percent from 6.7 percent

Earnings To Watch Today

• Bharti Airtel
• Dena Bank
• Blue Star
• Godrej Consumer Products
• Future Retail
• InterGlobe Aviation
• Petronet LNG
• Thyrocare Technologies
• Syndicate Bank
• Vijaya Bank

Also Read: Earnings Today: Fuel Prices May Dent IndiGo’s Bottomline In Q4