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

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

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