Stocks To Watch: Hindalco, Hero MotoCorp, Tech Mahindra

The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, gained 0.4 percent to 9,458.

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

Tata Motors

• April wholesale car sales, including Jaguar Land Rover, stood at 73.691 vehicles, down 9 percent year-on-year
• Global wholesale figures for Jaguar Land Rover stood at 41,923 vehicles
• Jaguar wholesale figures stood at 12,608 vehicles
• Land Rover wholesale figures stood at 29,315 vehicles

Siemens

• Total orders increase by 96 percent and revenue grows 24 percent from continuing operations
• Total orders stand at Rs 4,725 crore compared to Rs 2,410 crore during the second quarter in 2016
• Orders included a large HVDC order awarded from PGCIL for a value of Rs 1,682 crore

• Vakrangee: Partners with First Flight Couriers Ltd. through its wholly-owned subsidiary Vakrangee Logistics Pvt. Ltd. for offering last mile courier and logistic services to citizens
• Quess Corp: To consider fund raising via issue of equity shares on May 16, 2017
• Orient Green Power Company: Padmashri Dr DY Patil Sahakari Sakhar Karkhana Ltd. exercised its right to purchase the shares of Orient Green Power (Maharashtra) Ltd. and another MoU has been signed for the sale of 20 megawatt co-generation power plant
• Filatex: Promoter Shankar Somai sells 2.3 lakh shares at Rs 134 each
• Kirloskar Ferrous: Pivotal Business Managers buy 7.5 lakh shares at Rs 96 each
• EMCO: Mahima Stocks buys 4.46 lakh shares at Rs 28.94 each

Brokerage Calls

• Canara Bank: Cut to 'Hold' at Reliance Securities with price target of Rs 384
• Capital First: Raised to 'Hold' at Jefferies with price target of Rs 450
• Ambuja Cements: Raised to 'Neutral' at Goldman Sachs with price target of Rs 266
• ABB India: Raised to 'Hold' at Karvy Stock Broking with price target of Rs 1,644
• KPR Mill: Cut to 'Accumulate' at Asian Markets with price target of Rs 835
• Zee Entertainment: Cut to 'Sell' at Dolat Capital Markets with price target of Rs 490
• Sadbhav Engineering: Sharekhan initiates coverage with 'Buy' rating

Petronet LNG

• Raised to 'Buy' at Prabhudas Lilladher
• Cut to 'Add' at ICICI Securities with price target of Rs 483
• Raised to 'Accumulate' at IDBI Capital Market

Source: Bloomberg

Today’s Nifty Call

Media Reports

• Bharti Airtel: To focus on costs, 4G to fight Jio while investors remain upbeat. (Economic Times)
• Tata Chemicals: To acquire unit of Unnati Inorganics. (Economic Times)
• Natco Pharma: Launches generic blood cancer drug. (Economic Times)
• Zydus Cadila: U.S. court rules in favour of the company in patent case. (Financial Express)
• Ashok Leyland: To skip Sub-1 tonne segment. (Hindu Business Line)
• Arvind: To consider private placement of NCDs up to Rs 500 crore. (Bloomberg)
• Max India: to consider the proposal for acquisition of 3.75 percent shares of Max Healthcare from IFC. (Bloomberg)
• Century Textiles: Looks to sell paper division to JK Paper for Rs 5,000 crore. (Mint)
• HDFC: IFC to invent $200 million in HDFC by buying non-convertible debentures or masala bonds. (Mint)
• Tech Mahindra: Lays off 1,000 workers amid sector headwinds. (Business Standard)

Earnings Reaction To Watch

Hero MotoCorp (Q4, YoY)

• Net profit declined 14 percent to Rs 718 crore
• Revenue declined 7.7 percent to Rs 7,488 crore
• Operating margin narrowed by 180 basis points to 12.8 percent
• Took a hit of Rs 193 crore on account of the discounts offered to liquidate its BS-III inventory

Dalmia Bharat (Q4, YoY)

• Net profit up 94 percent to Rs 184 crore from Rs 95 crore
• Revenue up 15.4 percent to Rs 2,433 crore from Rs 2,109 crore
• EBITDA up 8 percent to Rs 551.7 crore from Rs 511.6 crore
• EBITDA margin to 23 percent from 24.3 percent

Novelis (Q4, YoY)

• Net sales up 9 percent to $2,621 million from $2,402 million
• Net profit up 62 percent to $47 million from $29 million
• EBITDA up 11.4 percent to $244 million from $219 million
• EBITDA Margin to 9.3 percent from 9.1 percent

Welspun India (Q4, YoY)

• Revenue up 8.7 percent to Rs 1,757 crore from Rs 1,616 crore
• Net profit down 21 percent to Rs 153.9 crore from Rs 195.9 crore
• EBITDA down 12 percent to Rs 382.9 crore from Rs 435 crore
• EBITDA margin down to 21.8 percent from 27 percent

Earnings To Watch Today

• Asian Paints
• Arvind
• Glenmark
• Gujarat Pipavav Port
• Granules India
• GlaxoSmithKline Consumer Healthcare
• Magma Fincorp
• MT Educare
• Nilkamal

Also Read: Earnings Today: Acquisitions May Boost HCL Technologies’ Fourth Quarter Results