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Stocks To Watch: HCC, IDBI Bank, Tata Motors, Voltas

The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, was little changed at 9,399.

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

IDBI Bank

  • ICRA downgrades outstanding debt worth Rs 25,924 crore, citing weak capital position
  • CRISIL had downgraded the bonds earlier this month
  • ICRA cuts rating for nearly Rs 2,500 crore worth of AT-1 bonds to BBB- indicating that they are at a risk of default

HCC

  • Special Planning Authority (SPA) status of Lavasa Corporation Ltd., the real estate arm of the company has come to an end
  • Decision taken after Maharashtra Chief Minister Devendra Fadnavis extended the jurisdiction of the Pune Metropolitan Region Development Authority (PMRDA)
  • Company to spell out stand once it receives official communication, a statement said.

Source: PTI

AIA Engineering

  • Magotteaux International (Belgium) initiated arbitral proceedings against company and its Managing Director Bhadresh Shah at the International Chamber of Commerce
  • In its request for initiating arbitration, the amount in the dispute is approximately $60 million including costs and damages, according to Magotteaux
  • Company and Magotteaux had executed a settlement deed on February 16, 2000 on termination of Joint Venture and Shareholder agreement between them
Company disputes this request and denies the allegations made therein and is confident of successfully defending the matter in accordance with the law. 
Statement From AIA Engineering

Kalpataru Power: To consider raising Rs 100 crore via issuance of unsecured, redeemable, listed, taxable, non-convertible debentures on a private placement basis at its board meeting today

Today’s Nifty Call

Brokerage Calls

  • Allcargo Logistics: Cut to 'Outperform' at Batlivala & Karani with price target of Rs 202
  • Brigade Enterprises: Raised to 'Buy' at HDFC Securities
  • Engineers India: Cut to 'Underperform' at Batlivala & Karani
  • Glenmark Pharma: Cut to 'Equalweight' at Morgan Stanley
  • Hinduja Global: Raised to 'Buy' at Anand Rathi Securities
  • Hindustan Unilever: Cut to 'Hold' at Way2Wealth Brokers
  • Jindal Steel and Power: Raised to 'Buy' at Batlivala & Karani with price target of Rs 150
  • NCC: Raised to 'Buy' at Batlivala & Karani with price target of Rs 122

Source: Bloomberg

Stocks In F&O Ban

  • Bank of India
  • Bharat Financial Inclusion
  • Capital First
  • CEAT
  • IndiaBulls Real Estate
  • IDBI Bank
  • Infibeam Incorporation
  • Jain Irrigation
  • JP Associates
  • Oriental Bank of Commerce
  • Reliance Communication
  • TV18 Broadcast
  • Ujjivan Financial Services

Media Reports

  • Infosys: Payouts up 50 percent for top 4 executives. (Economic Times)
  • GAIL: To invest Rs 1,000 crore to make Dabhol an all-weather port. (Economic Times)
  • Bharti Airtel: Moody's revises outlook to negative. (Economic Times)
  • JK Paper: To raise $50 million from IFC. (Mint)
  • IDBI Bank: Bond ratings downgraded. (Mint)
  • Central Bank of India: To raise Rs 6,500 crore this fiscal. (Mint)
  • TVS Motor: Gets patent for hybrid 2-wheeler control system. (Financial Express)
  • Dr. Reddy's: To develop anti-psoriatic drug. (Financial Express)
  • AIA Engineering: Terminates JV with Belgium's Magotteaux. (Bloomberg)
  • UTI Asset Management: To consider selling 26-30 percent stake via IPO. (Mint)

Earnings Reaction To Watch

Tata Motors (Q4, YoY)

  • Net Profit down 16.8 percent to Rs 4,336 crore
  • Revenue down 2.6 percent to Rs 78,747 crore
  • EBITDA flat at Rs 10,847 crore
  • EBITDA Margin expands to 14 percent from 13.6 percent

Aarti Drugs (Q4, YoY)

  • Net profit up 11.5 percent to Rs 20.73 crore
  • EBITDA down 6.3 percent to Rs 66.44 crore
  • EBITDA Margin contracts to 22.2 percent from 22.57 percent

Voltas (Q4, YoY)

  • Net profit up 22 percent to Rs 200.47 crore
  • EBITDA up 22.7 percent to Rs 221.9 crore
  • EBITDA Margin expands to 10.9 percent from 9.7 percent

Essel Propack (Q4, YoY)

  • Net profit up 19 percent to Rs 46.09 crore
  • EBITDA up 21.8percent to Rs 119.85 crore
  • EBITDA Margin expands to 19.56 percent from 17.92 percent

Ingersoll Rand (India) (Q4, YoY)

  • Net profit up 31.37 percent to Rs 20.35 crore
  • EBITDA up 172 percent at Rs 18.93 crore
  • EBITDA Margin expands to 12.88 percent from 4.87 percent

Jubilant Life Sciences (Q4, YoY)

  • Net profit up 1272 percent to Rs 149.03 crore
  • EBITDA up 4.1percent to Rs 304.98 crore
  • EBITDA Margin flat at 19.08 percent

NCC (Q4, YoY)

  • Net profit down 26 percent to Rs 63.71 crore
  • EBITDA down 16.67 percent to Rs 174.16 crore
  • EBITDA Margin flat at 8.1 percent

Future Retail (Q4, YoY)

  • Net profit up 17.3 percent to Rs 123 crore
  • EBITDA up 48.2 percent to Rs 180.63 crore
  • EBITDA Margin expands to 4 percent from 3.4 percent

Radico Khaitan (Q4, YoY)

  • Net profit up 18.6 percent to Rs 16.63 crore
  • EBITDA up 36.5 percent to Rs 46.85 crore
  • EBITDA Margin expands to 11.9 percent from 8.4 percent

Clariant Chemicals (India) (Q4, YoY)

  • Net profit down 26 percent at Rs 7.82 crore
  • EBITDA down 1.5 percent to Rs 39.68 crore
  • EBITDA Margin flat at 14.5 percent
  • Announced a dividend of Rs 25 per share

Entertainment Network (India) (Q4, YoY)

  • Net profit down 42 percent at Rs 13.79 crore
  • EBITDA down 8 percent at Rs 35.18 crore
  • EBITDA Margin contracts to 21 percent from 26 percent

Earnings To Watch

Lupin Q4FY17 (Bloomberg Estimates, YoY)

  • Net profit seen 20.3 percent lower to Rs 643 crore
  • Revenue seen 6.8 percent higher to Rs 4,369 crore
  • EBITDA seen 17.7 percent lower to Rs 1,125 crore

Other Key Earnings

  • Adani Enterprises
  • Adani Ports & SEZ
  • Amara Raja Batteries
  • Bharat Forge
  • Dish TV
  • TVS Srichakra
  • Sundaram Fasteners
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