Stocks To Watch: Apollo Hospitals, Dabur India, MRPL, Tata Motors

The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, fell 0.7 percent to 9,467.

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

Apollo Hospitals

• The Integrated (Mauritius) Healthcare Holdings, an arm of Malaysian sovereign fund Khazanah Nasional Bhd, sold 66.5 lakh equity shares, or 4.78 percent stake, in a price range of Rs 1,245-1,260 per share.
• Deutsche Bank is the sole book runner for this stake sale which is valued at Rs 838.5 crore
• Proceeds from the disposal would be applied to the working capital needs of the IHH group
• Integrated (Mauritius) Healthcare Holdings held 4.78 percent stake in Apollo Hospitals as of March 31, 2017
• This is the second time in the last three months, where Integrated (Mauritius) will be selling its stake in the company. On March 2, 2017 the investment arm had reduced its stake by 6.07 percent in a deal valued at close to Rs 1,070 crore.
• Integrated (Mauritius) Healthcare Holdings entered Apollo Hospital Enterprise back on May 27, 2011 by purchasing 1.1 crore equity shares followed by an additional purchase of 40.9 lakh equity shares on October 18, 2011.

Source: Bloomberg

• Tata Motors DVR: Rakesh Jhunjhunwala sells 1 crore shares at Rs 266.50 each
• Dabur India: Unit Dabur South Africa acquires 100 percent stake in D&A Cosmetics along with Atlanta Body and Health Cosmetics for 2 million rand and 47 million rand respectively
• Reliance Infra: Files section 9 petition in Delhi High Court for urgent payment of arbitration award. Company will use the proceeds to repay its lenders.
• Jindal Poly Films: To consider proposal to raise funds up to Rs 800 crore to meet the needs of growing business on May 25
• Axis Bank: Keeps marginal cost of funds based lending rate (MCLR) unchanged
• Healthcare Global Enterprises: Launched comprehensive cancer care services in Kanpur
• Time Technoplast: Launched full range of structured wall plastic piping system under its brand Max'M
• HDIL: Credit Suisse (Singapore) sells 25.1 lakh shares at Rs 96.4 each
• Future Enterprises: Redeems MCDs worth Rs 112.5 crore
• Lupin, Wockhardt: Drug price regulator issues notices to Lupin, Wockhardt, others for violating price control norms

Capital First

• Cloverdell Investment Ltd. sells 2.43 crore shares at Rs 727.35 each
• Morgan Stanley buys 39.7 lakh shares at Rs 730 each
• HDFC Standard Life Insurance Co. Ltd. buys 5 lakh shares at Rs 724.9 each
• Government of Singapore buys 87 lakh shares at Rs 725 each
• Natwest Bank Plc buys 6.1 lakh shares at Rs 730.06 each
• HDFC Mutual Fund Mid-Cap Opportunities buys 15.2 lakh shares at Rs 726.5 each
• Tntbc as a trustee of the Nomura India Stock Mother Fund buys 7 lakh shares at Rs 727.1 each

Today’s Nifty Quote

Brokerage Calls

• Bajaj Finance: Raised to 'Buy' at Sharekhan with price target of Rs 1,550
• Granules India: Edel Invest Research initiates coverage with 'Buy' call with price target of Rs 228
• JK Cement: Cut to 'Hold' at Anand Rathi Securities with price target of Rs 1,150
• PI Industries: Raised to 'Buy' at Sharekhan with price target of Rs 970. Also raised to 'Outperform' at Batlivala and Karani
• NTPC: Raised to 'Buy' at Goldman
• Tata Steel: Raised to 'Buy' at India Infoline with price target of Rs 557
• TCS: Cut to 'Hold' at Morningstar
• Shree Cement: Raised to 'Hold' at Reliance Securities
• Sobha: Raised to 'Buy' at HDFC Securities with price target of Rs 500

Source: Bloomberg

Hindustan Unilever

• Cut to 'Neutral' at Nomura with price target of Rs 1,057
• Raised to 'Outperform' at IDFC Securities
• Raised to 'Outperform' at Batlivala and Karani
• Cut to 'Hold' at KR Choksey with price target of Rs 1,044

Source: Bloomberg

Stocks In F&O Ban

• Canara Bank
• Capital First
• HDIL
• Indo Count Industries
• IFCI
• InfiBeam Incorporation
• Jindal Steel
• Jain Irrigation
• JSW Energy
• Oriental Bank
• Ujjivan Financial Services

IPO Corner

• IRB InvIT Fund: To list on bourses today with price band of Rs 100-102
• India Grid Trust: Issue subscribed 7 percent on Day 1
• PSP Projects: Issue subscribed 11 percent on Day 1

Media Reports

• Idea Cellular: SEBI questions determination of acquisition share price for merger with Vodafone. (Business Standard)
• Eicher Motors: Plans to double retail stores abroad. (Business Standard)
• Andhra Bank: Government gets open offer exemption for fund infusion. (PTI)
• L&T Technology Services: Plans to hire 2,500 employees this year amid layoffs at larger rivals. (Mint)
• Dishman Pharma: Plans no major capex spending to boost margins. (Bloomberg)
• Siemens India: Wins order from Vedanta to digitally connect power units. (Bloomberg)

Earnings Reaction To Watch

Hindustan Unilever (Q4, YoY)

• Net profit up 6.2 percent at Rs 1,183 crore
• EBITDA up 12.2 percent at Rs 1,651 crore
• EBITDA Margin up to 18.6 percent from 17.7 percent
• Volumes during the quarter grew 4 percent

JSW Steel (Q4, YoY)

• Net profit up 235 percent to Rs 1,008.6 crore
• Revenue up 52.5 percent to Rs 17,917.2 crore
• EBITDA up 64 percent to Rs 3,164.9 crore
• EBITDA Margin up to 19 percent from 18.1 percent

JK Lakshmi Cement (Q4, YoY)

• Net profit down 19.4 percent to Rs 20.85 crore
• EBITDA down 19 percent to Rs 71.57 crore
• EBITDA Margin down to 8.87 percent from 12.02 percent

Snowman Logistics (Q4, YoY)

• Net profit down 49 percent to Rs 3.6 crore
• EBITDA down 56.6 percent to Rs 6.2 crore
• EBITDA Margin down to 14 percent from 27 percent

Dilip Buildcon (Q4, YoY)

• Net profit up 222 percent to Rs 195.8 crore
• EBITDA up 61 percent to Rs 354.7 crore
• EBITDA Margin up to 20 percent from 16 percent

MRPL (Q4, YoY)

• Net profit up 42.55 percent to Rs 1,942.4 crore
• EBITDA up 1.2 percent to Rs 1,554 crore
• EBITDA Margin down to 11.65 percent from 16.5 percent
• GRMs at $8.25 per barrel from $7.43 per barrel

Indian Overseas Bank Q4

• Net loss of Rs 647 crore from loss of Rs 936 crore
• Provisions up 27.3 percent at Rs 1,789.7 crore (QoQ)
• Gross NPA at 22.39 percent from 22.42 percent (QoQ)
• Net NPA at 13.99 percent from 14.32 percent (QoQ)

Earnings To Watch Today

Bajaj Auto Q4FY17 (Bloomberg Estimates, YoY)

• Net profit seen 4.6 percent higher to Rs 840 crore
• Revenue seen 11.3 percent lower at Rs 4,797 crore
• EBITDA seen falling 16.8 percent to Rs 958 crore

Bank of Baroda Q4FY17 (Bloomberg Estimates, YoY)

• Net profit seen at Rs 478 crore from net loss of Rs 3,230 crore
• Net interest income seen 1.2 percent higher at Rs 3,370 crore
• Asset quality expected to remain weak

Cummins India Q4FY17 (Bloomberg Estimates, YoY)

• Net profit seen 18.55 percent higher at Rs 194.6 crore
• Revenue seen 23.5 percent higher at Rs 1,282.3 crore
• EBITDA Margins may remain flat at Rs 16.45 percent

Other Key Earnings

• CESC
• Strides Shasun
• IDBI Bank
• Muthoot Finance
• Pidilite Industries
• Aditya Birla Nuvo
• Teamlease Services
• Karur Vysya Bank

Also Read: Earnings Today: Can Bajaj Auto’s Exports Help Overturn Its Demonetisation Blues?