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Stocks To Watch: Andhra Bank, Dhanlaxmi Bank, Lupin, Tata Steel

SGX Nifty indicates a tepid start to trade

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

The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, was little changed at 9,517.

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

Tata Steel (Q4, YoY)

  • Net loss of Rs 1,168.2 crore from a loss of Rs 3,042 crore
  • EBITDA up 213 percent at Rs 7,025.2 crore from Rs 2,245.7 crore
  • EBITDA Margin expands to 20 percent from 8 percent

Andhra Bank

  • Net profit down 32 percent to Rs 35.1 crore year-on-year
  • Provisions up 57 percent to Rs 1,299.33 crore from Rs 828.7 crore sequentially
  • Gross NPA at 12.25 percent from 11.88 percent (QoQ)
  • Net NPA at 7.57 percent from 6.98 percent (QoQ)

Dhanlaxmi Bank

  • Net profit of Rs 8.8 crore from net loss of Rs 131.6 crore year-on-year
  • Provisions up 54 percent to Rs 29.65 crore from Rs 19.2 crore (QoQ)
  • Gross NPA at 4.78 percent from 7.59 percent (QoQ)
  • Net NPA at 2.58 percent from 2.9 percent (QoQ)
  • Lupin: Signs an exclusive licensing agreement with Eli Lilly to commercialize and distribute Cialis
  • Kotak Mahindra Bank: Bank closed the QIP issue after issuing 62 million equity shares at Rs 936 per share. Public shareholding to now increase to 68.96 percent from 67.92 percent.
  • Cox and Kings: Transferred operating leases on its Colonge City Centre Hotel to RHK Living. The property contributed about 1.4 million euros in gross revenue
  • Golden Tobacco: Directorate General of Central Excise Intelligence imposes a penalty of Rs 25 crore
  • Future Enterprises: Issues NCDs worth Rs 25 crore on a private placement basis
  • Sunil Hitech Engineers: Seeks shareholder approval to issue 12.4 crore warrants to promoters and non-promoters and raise funds worth up to Rs 250 crore
  • Wipro: Launches nine solutions to accelerate adoption of blockchain across industry sectors
  • HCL Tech: Vama Sundari Investments (Delhi) Pvt. Ltd. buys 1.24 crore shares or 0.87 percent stake at Rs 858 each

Quess Corp

  • To raise funds by issuing equity shares
  • To invest Rs 4.2 crore in Heptagon Technologies Pvt. Ltd. for a 20 percent stake
  • Will invest an additional 8.99 lakh Singapore Dollars for 51 percent shareholding
  • The new entity will be engaged in the provision of general staffing and training services in Singapore

Today’s Nifty Call

Stocks To Watch: Andhra Bank, Dhanlaxmi Bank, Lupin, Tata Steel

Brokerage Calls

  • Hero MotoCorp: Raised to 'Buy' at Investec with price target of Rs 4,065
  • Punjab National Bank: Cut to 'Neutral' at Nomura with price target of Rs 180
  • Skipper: Cut to 'Accumulate' at India Infoline with price target of Rs 210
  • Vardhman Textiles: Cut to 'Outperform' at Batlivala and Karani
  • Vedanta: Raised to 'Buy' at India Infoline with price target of Rs 280
  • Shree Cement: Cut to ‘Sell’ at CLSA with price target of Rs 18,000

Source: Bloomberg

IPO Corner

India Grid Trust

  • Issue opens today and closes on May 19, 2017
  • Price Band: Rs 98-100 per unit
  • Allotted 10.12 crore units at Rs 100 per unit aggregating to Rs 1,012.44 to 19 anchor investors

PSP Projects

  • Issue opens today and closes on May 19, 2017
  • Price Band: Rs 205-210 per unit
  • Allotted 45.36 lakh equity shares at Rs 210 per share aggregating to Rs 95.25 crore to 9 anchor investors
  • Anchor investors include leading investors like Reliance Mutual Fund, SBI Mutual Fund, Axis Mutual Fund, Sundaram Mutual Fund along with companies like Birla Sun Life Insurance

Stocks In F&O Ban

  • Canara Bank
  • CEAT
  • HDIL
  • Indo Count Industries
  • IFCI
  • Jindal Steel and Power
  • Jain Irrigation
  • JSW Energy
  • Oriental Bank of commerce
  • Syndicate bank
  • Ujjivan Financial Services

Earnings Reaction To Watch

Shree Cement (Q4, YoY)

  • Net profit down 54 percent at Rs 304.5 crore from Rs 663 crore
  • EBITDA down 4 percent to Rs 511.15 crore from Rs 532 crore
  • EBITDA Margin down to 21 percent from 27 percent

Whirlpool (Q4, YoY)

  • Net profit up 7 percent to Rs 74.4 crore from Rs 69.3 crore
  • EBITDA up 17 percent to Rs 124.6 crore from Rs 106.7 crore
  • EBITDA Margin flat at 11.1 percent from 11.4 percent

Sobha (Q4, YoY)

  • Net profit up 114 percent to Rs 46 crore from Rs 21.5 crore
  • EBITDA up 2 percent to Rs 120.2 crore from Rs 117.6 crore
  • EBITDA Margin contracts to 20 percent from 21 percent

PI Industries (Q4, YoY)

  • Net profit up 41 percent to Rs 135.15 crore from Rs 96 crore
  • EBITDA up 42 percent to Rs 153.6 crore from Rs 108.5 crore
  • EBITDA Margin expands to 24.5 percent from 18 percent

Manali Petrochemicals (Q4, YoY)

  • Net profit down 63 percent at Rs 4.7 crore from Rs 12.8 crore
  • EBITDA down 8 percent to Rs 2.7 crore from Rs 16.6 crore
  • EBITDA Margin contracts to 1.6 percent from 11.7 percent

Key Earnings To Watch

Hindustan Unilever Q4FY17 (Bloomberg Estimates, YoY)

  • Net profit seen 1.6 percent lower at Rs 1,095 crore
  • Revenue seen 4.3 percent higher at Rs 8,053 crore
  • EBITDA may grow 6.3 percent to Rs 1,563 crore

JSW Steel Q4FY17 (Bloomberg Estimates, YoY)

  • Net profit seen 211 percent higher at Rs 745 crore
  • Revenue seen 42 percent higher at Rs 16,323 crore
  • EBITDA may rise 61 percent to Rs 3,102 crore

Bajaj Finance Q4FY17 (Bloomberg Estimates, YoY)

  • Net profit seen 42 percent higher at Rs 449 crore
  • Net Interest Income seen 27 percent higher at Rs 1,459 crore
  • AUMs may grow between 30-35 percent

Other Key Earnings

  • Allahabad Bank
  • Bajaj Finserv
  • Edelweiss Financial Services
  • Hindustan Copper
  • Indian Overseas Bank
  • JK Lakshmi Cement
  • MRPL
  • United Breweries

Also Read: Earnings Today: Hindustan Unilever’s Input Costs May Weigh On Its Margins