Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S. (Photographer: Michael Nagle/Bloomberg)

Stocks To Watch: Godrej Industries, Idea Cellular, Inox Wind, UCO Bank

The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, gained 0.3 percent to 9,444.

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

Earnings Reaction To Watch

Idea Cellular (Q4, YoY)

  • Net loss of Rs 327.7 crore from net profit of Rs 451.7 crore
  • Average Revenue Per User (ARPU) dropped to Rs 110
  • Revenue declined 14 percent to Rs 8,109.1 crore
  • EBITDA Margin contracted more than 800 basis points to 27 percent

Nestle India (Q4, YoY)

  • Net profit up 6.9 percent to Rs 306.7 crore
  • EBITDA down 3.8 percent to Rs 526 crore
  • EBITDA Margin down to 20.3 percent from 23.1 percent

UCO Bank Q4

  • Net loss narrows to Rs 588.2 crore from Rs 1,715.2 crore year-on-year
  • Net Interest Income down 35 percent to Rs 609.3 crore from Rs 933.11 crore
  • Gross NPA at 17.12 percent from 17.18 percent (QoQ)
  • Net NPA at 8.94 percent from 8.99 percent (QoQ)

Jindal Stainless (Q4, YoY)

  • Net profit of Rs 161.12 crore from a net loss of Rs 171 crore
  • Revenue up 24 percent to Rs 2,467.55 crore
  • EBITDA Margin expands to 13 percent from 7 percent

Inox Wind (Q4, YoY)

  • Net profit down 37 percent to Rs 127.5 crore from Rs 201.1 crore
  • Revenue down 45 percent to Rs 1,019.2 crore from Rs 1,840.2 crore
  • EBITDA Margins expand to 23 percent from 16 percent

NDTV (Q4, YoY)

  • Net profit of Rs 5.3 crore from a net loss of Rs 4.5 crore
  • Revenue down 9 percent to Rs 154.4 crore from Rs 169.7 crore
  • EBITDA Margin expands to 11 percent from 3 percent

Gulf Oil Lubricants (Q4, YoY)

  • Net profit up 7 percent at Rs 32.1 crore from Rs 30 crore
  • EBITDA up 3 percent at Rs 46.5 crore from Rs 45 crore
  • EBITDA Margins down to 15.5 percent from 16.5 percent

Kewal Kiran Clothing (Q4, YoY)

  • Net profit up 55.5 percent at Rs 34 crore from Rs 22 crore
  • EBITDA up 34 percent to Rs 47.9 crore from Rs 35.7 crore
  • EBITDA Margins expand to 36.7 percent from 28.2 percent

Atul Auto (Q4, YoY)

  • Net profit down 43 percent to Rs 104 crore from Rs 130 crore
  • EBITDA down 40.5 percent to Rs 10.3 crore from Rs 17.3 crore
  • EBITDA Margins down to 9.9 percent from 13.4 percent

Central Bank of India Q4

  • Net loss narrows to Rs 591.8 crore from Rs 898 crore year-on-year
  • Gross NPA widens to 17.8 percent from 14.14 percent sequentially

Brokerage Calls

  • Asian Paints: Cut to 'Hold' at Reliance Securities
  • Blue Star: Raised to 'Buy' at YES Research with price target of Rs 763
  • Glenmark Pharma: Cut to 'Hold' at IDBI Capital Markets
  • Glenmark Pharma: Cut to 'Neutral' at IDFC Securities

Source: Bloomberg

Havells India

  • Raised to 'Buy' at ICICI Direct with price target of Rs 570
  • Cut to 'Market Perform' at Cholamandalam Securities
  • Cut to 'Neutral at JPMorgan with price target of Rs 480

Source: Bloomberg

United Bank of India

  • Revises marginal cost-based lending rate (MCLR) rates for various tenors
  • 1-year revised to 8.75 percent from 8.8 percent
  • 6-month revised to 8.6 percent from 8.65 percent
  • 3-month revised to 8.4 percent from 8.45 percent
  • 1-month revised to 8.25 percent from 8.35 percent
  • Overnight revised to 8.2 percent from 8.3 percent

Corporation Bank

  • Revises MCLR rates for various tenors
  • 1-year revised to 8.75 percent
  • 6-month revised to 8.65 percent
  • 3-month revised to 8.3 percent
  • 1-month revised to 8.2 percent
  • Overnight revised to 8.2 percent

Orient Bells

  • Orient Bell Holding Trust sold entire stake in Orient Bell Limited for Rs 43.7 crore.
  • Orient Bell Holding Trust was vested with these shares due to erstwhile amalgamation of Bell Ceramics with Orient Ceramics.
  • Proceeds to be used for enhancing manufacturing capacity, increasing network presence and brand building
  • NBCC: Secured total business worth Rs 315.24 crore in the month of April 2017
  • GMR Infra: Subsidiaries enter into an agreement to divest its fully-owned Indonesian coal mining entities to PT Gems, Indonesia
  • JSW Energy: Defers its buyout of Jaiprakash Power Ventures Ltd.’s thermal power plant at Bina in Madhya Pradesh for another six months.
  • Godrej Industries: Board of Directors of subsidiary Godrej Agrovet Ltd. grant approval for the proposed IPO
  • TGB Hotels: Sold its Surat property for Rs 160 crore and the proceeds have been utilised to repay outstanding bank loans. Company has now become debt free post the repayment
  • IndiaBulls Ventures: Merrill Lynch Markets Singapore PTE. Ltd. buys 27.5 lakh shares at Rs 149.99 each
  • The Jammu & Kashmir Bank: Board approves fund raising worth up to Rs 1,000 crore
  • Edelweiss Financial Services: ICRA assigned ICRA A1+ rating to the proposed commercial paper programme of Rs 5,000 crore
  • Hindustan Copper: Board to consider fund raising on May 17

Today’s Nifty Call

Stocks In F&O Ban

  • Canara Bank
  • Ceat
  • HDIL
  • Indiabulls Real Estate
  • IFCI
  • Jain Irrigation
  • JSW Energy
  • Karnataka Bank
  • Orient Bank
  • Syndicate Bank
  • Ujjivan Financial Services

Media Reports

  • Dhunseri Petrochem: Uno Pizzeria to enter Indian market after tie-up with Dhanukas of Dhunseri Group. (Economic Times)
  • Tea Companies: Darjeeling tea prices up 25 percent on lower output. (Economic Times)
  • Piramal Enterprises: Seeking home finance licence. (Economic Times)
  • Adani Group: Likely to begin extracting coal from Carmichael in FY21. (Economic Times)
  • IL&FS Engineering: Wins Rs 560 crore orders in Jharkhand. (Financial Express)
  • UCO Bank: RBI initiates Prompt Corrective Action. (Financial Express)
  • Vijaya Bank: To raise Rs 1,000 crore. (Financial Express)
  • Godrej Consumer: To expand soap, hair colour basket. (PTI)
  • Dewan Housing: Aims for 20 percent growth in FY18, AUMs to cross Rs 1 lakh crore. (PTI)
  • Corporation Bank: To consider raising capital on May 20. (Bloomberg)
  • Power Grid Corporation: Approves setting up Medium-Term Note program of $1 billion. (Bloomberg)

Earnings To Watch Today

Vedanta Q4FY17 Bloomberg Estimates (YoY)

  • Revenue seen rising 38.9 percent to Rs 21,979 crore from Rs 15,829 crore
  • Net profit seen jumping 3 times to Rs 2,803 crore from Rs 955 crore
  • EBITDA seen rising 107 percent to Rs 7,184 crore from Rs 3,472 crore

Colgate Palmolive Q4FY17 Bloomberg Estimates (YoY)

  • Revenues seen 3.1 percent higher at Rs 1,133 crore from Rs 1,099 crore
  • EBITDA seen 7.4 higher at Rs 260 crore from Rs 242 crore
  • EBITDA margins seen at 22.9 percent vs 22 percent
  • Net Profit seen 7.5 percent higher at Rs 157 crore from Rs 146 crore

Bata India Q4FY17 Bloomberg Estimates (YoY)

  • Revenues seen 8.6 percent higher at Rs 592 crore from Rs 545 crore
  • EBITDA seen 11.5 percent higher at Rs 62 crore from Rs 55.6 crore
  • EBITDA margins seen at 10.5 percent from 10.2 percent
  • Net Profit seen 27 higher at Rs 35.5 crore from Rs 27.9 crore

Other Key Earnings

  • Indo Count Industries
  • Kajaria Ceramics
  • Mangalore Refinary and Petrochemicals
  • Polaris Consulting and Services
  • Chennai Petroleum
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