Stocks To Watch: Bharti Airtel, Dish TV, GMDC, IDBI Bank, Lupin

The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, gained 0.2 percent to 9,369.

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

• Kotak Mahindra Bank: Shareholders approve increasing ceiling limit of FII/FPI holding to 49 percent and to issue 6.2 crore shares via American Depository Receipt (ADR) or Global Depository Receipt (GDR)
• Dish TV India: Competition Commission of India approves merger plan with Videocon D2H
• Mahindra and Mahindra: To hold shareholder meeting on June 13, 2017 seeking to approve the Scheme of Arrangement between Mahindra Two Wheelers Ltd. and itself.
• IDBI Bank: RBI initiated prompt corrective action for the bank due to high net non-performing assets and negative returns on assets
• Alicon Castalloy: To issue 8.6 lakh equity shares to Enkei Corporation, Japan at Rs 478 per share. Shareholding of Enkei to increase to 14.94 percent from the current 8.98 percent post the issue
• ArcoTech: Announces stock split in the ratio of 5:1 subject to shareholder approval
• Sintex: Allotted 47.56 lakh equity shares to FCCB holders upon exercise of their conversion right

Stocks In F&O Ban

• Adani Enterprises
• Bharat Financial Inclusion
• HDIL
• IRB
• JSW Energy
• Karnataka Bank
• Syndicate Bank
• Ujjivan Finance

Brokerage Calls

• ACC: Raised to 'Overweight' at JPMorgan with a price target of Rs 1,900
• Bharti Infratel: Cut to 'Hold' at Jefferies with a price target of Rs 365
• Cera Sanitaryware: Cut to 'Hold' at Antique Stock Broking
• Coal India: Way2Wealth Brokers initiate coverage with 'Accumulate' rating
• Emami: Raised to 'Outperform' at Cholamandalam Securities
• Godrej Consumer: Cut to 'Hold' at Sharekhan with price target of Rs 1,985
• Shoppers Stop: Cut to 'Hold' at ICICI Direct with price target of Rs 350
• Union Bank of India: Cut to 'Reduce' at Quant Broking

IPO Corner

• HUDCO IPO oversubscribed 3x on Day 2
• India Grid Trust IPO to open on May 17 with an issue price of Rs 98-100
• PSP Projects IPO to open on May 17 with an issue price of Rs 205-210
• Sterlite Power lowers InvIT IPO size to Rs 2,250 crore

Nifty Quote Of The Day

Reports From Bloomberg

• Lupin: U.S. FDA's inspection of Aurangabad plant gets eight Form 483 observations
• Interglobe Aviation: Signs deal to buy 50 ATR planes worth $1.3 billion

Earnings Reaction To Watch

Bharti Airtel (Q4, YoY)

• Net profit down 71.7 percent to Rs 373 crore from Rs 1,320 crore
• EBITDA down 13.5 percent to Rs 7,906 crore
• EBITDA Margins contract to 36 percent from 36.6 percent

Thyrocare Technologies (Q4, YoY)

• Net profit up 36 percent at Rs 19 crore from Rs 14 crore
• EBITDA up 35 percent to Rs 33.2 crore crom Rs 24.6 crore
• EBITDA Margin flat at 37.9 percent from 37.8 percent

Gujarat Mineral Development Corporation (Q4, YoY)

• Net profit up 128 percent to Rs 90 crore from Rs 39.5 crore
• EBITDA up 116 percent to Rs 148.6 crore from Rs 68.7 crore
• EBITDA Margins expand to 27 percent from 19 percent

Petronet LNG (Q4, QoQ)

• Net profit up 18.4 percent at Rs 470.8 crore from Rs 397.5 crore
• EBITDA up 1.5 percent to Rs 616 crore from Rs 607.1 crore

Interglobe Aviation (Q4, YoY)

• Net profit down 24.58 percent to Rs 440.31 crore from Rs 583.78 crore
• EBITDAR down 11.7 percent to Rs 1,332 crore from Rs 1,508.5 crore
• EBITDAR Margin contracts to 27.5 percent from 36.88 percent
• To pay final dividend of Rs 34 per share

Blue Star (Q4, YoY)

• Net profit up 148 percent to Rs 37.17 crore from Rs 15.01 crore
• EBITDA up 12 percent to Rs 79.31 crore from Rs 70.85 crore
• EBITDA Margin contracts to 5.73 percent from 6.06 percent

Key Earnings To Watch Today

Hero MotoCorp (Q4FY17 Bloomberg Estimates)

• Revenues seen 6.7 percent lower to Rs 7,011 crore from Rs 7,512 crore
• EBITDA seen 10.3 percent lower to Rs 1,054 crore from Rs 1,175 crore
• EBITDA Margins likely to be flat at 15 percent from 15.6 percent
• Net Profit seen 8.8 percent lower to Rs 742 crore from Rs 814 crore

Factors To Watch

• Impact of pricing and volumes decline of 7 percent on revenues
• Write down on BS-III vehicles and cost per vehicle on conversion
• Impact of higher discounts and negative operating leverage on margins

Other Key Earnings

• Zee Entertainment Enterprises
• KEI Industries
• Capital First
• Phoenix Mills
• Dalmia Bharat
• SML Isuzu
• Siemens