Stocks To Watch: Amtek Auto, Hindalco, Navneet Education, Titan

The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, fell 0.5 percent to 9,635.

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

Biocon

• Presents clinical data on Insulin Glargine at the American Diabetes Association's 77th Scientific Sessions
• Data shows comparable efficacy, safety and immunogenicity to Lantus in Type 1 and Type 2 diabetes patients

• Cadila Healthcare: Nesher Pharmaceuticals, a subsidiary of Zydus Pharmaceuticals U.S., received final approval from the U.S. FDA to market Nystatin Topical Powder
• HCL Tech: Buyback window to remain open from June 12 to June 23
• Marathon Nextgen: Buyback window to remain open from June 12 to June 23

Tata Motors

• Global wholesale including Jaguar-Land Rover (JLR) down 1 percent year-on-year to 86,385 units in May 2017
• Also signs wage settlement pact with Sanand workers

Reliance Industries

• Commissions last crystallisation train at its para-xylene unit in Jamnagar
• Post commissioning, RIL becomes the world's largest producer of Para-xylene
• Para-xylene is an aromatic hydrocarbon

Amtek Auto (Q4, YoY)

• Net loss narrows to Rs 307.6 crore from Rs 563 crore
• EBITDA down 28.4 percent to Rs 84 crore
• EBITDA Margins expand to 19 percent from 18 percent
• Also issued 2.68 crore equity shares worth Rs 35.5 crore on a preferential basis to Asset Care and Reconstruction Enterprises Ltd.

Castex Technologies (Q4, YoY)

• Net loss narrows to Rs 201.7 crore from Rs 474.5 crore
• EBITDA down 37 percent to Rs 41.55 crore
• EBITDA margin expand to 15 percent from 13.25 percent

Metalyst Forgings (Q4, YoY)

• Net loss narrows to Rs 183.5 crore from Rs 232.65 crore
• EBITDA down 45 percent to Rs 33.5 crore
• EBITDA margin contracts to 15.2 percent from 15.7 percent
• Issues 23.47 lakh equity shares worth Rs 59.1 crore on a preferential basis to Asset Care and Reconstruction Enterprises Ltd.

GST Rates Revised

• Titan: Rates for spectacles revised to 12 percent from 18 percent
• Telecom Companies: Rates for optical fiber and coaxial cables revised to 18 percent from 28 percent
• Hindalco: Rates on aluminium foils revised to 18 percent from 28 percent
• Navneet Education, S Chand: Rates on exercise books and note books, drawing and colouring books revised to nil from 12 percent

Other Corporate Announcements

• Piramal Enterprises: Considers issue of NCDs worth Rs 600 crore on private placement basis
• Indian Overseas Bank: Reduced base rate to 9.45 percent from 9.5 percent
• HDFC: To issue NCDs worth Rs 1,500 crore on private placement basis
• HPL Electric & Power: Issues commercial paper worth Rs 100 crore
• Gokaldas Exports: Invests Rs 6.26 crore in YepMe U.K.
• Coal India: To shut 37 mines this fiscal year
• Take Solutions: Wholly-owned subsidiary Ecron Acunova (EA) announce that it will consolidate its capabilities with Navitas and Intelent to form a unified brand called "Navitas Life Sciences"
• Shriram Transport Finance: ISsues NCDs worth Rs 350 crore on private placement basis
• State Bank of India: Reduces interest rates on home loans by 10 basis points for loans above Rs 75 lakhs
• Jet Airways: Signs codeshare MoU with Aeromexico
• Syndicate Bank: Leaves MCLR unchanged

Oriental Bank of Commerce

• Revises overnight MCLR to 8.1 percent from 8.25 percent
• Revises 1-month MCLR to 8.2 percent from 8.3 percent
• Revises 1-year MCLR to 8.5 percent from 8.6 percent

Today’s Nifty Call

Brokerage Calls

• Century Ply: Cut to ‘Hold’ at JM Financial Institutional Securities
• Kajaria Ceramics: Cut to ‘Hold’ at JM Financial
• Gujarat Pipavav: Raised to ‘Hold’ at Axis Capital
• Kalyani Steels: Raised to ‘Buy’ at BoB Capital Markets
• Navkar Corp: Cut to ‘Hold’ at Axis Capital with price target of Rs 235
• Persistent Systems: Raised to ‘Outperform’ at IDFC Securities
• Somany Ceramics: Raised to ‘Buy’ at JM Financial
• Timken India: Sushil Financial Consultants initiates coverage with ‘Hold’ rating

Source: Bloomberg

Bulk Deals

Allsec Technologies

• Bathina Sumanthkumar Reddy bought 2.45 lakh shares or 1.6 percent stake at Rs 340 each
• UTI Midcap Fund sold 2.8 lakh shares or 1.8 percent stake at Rs 340 each

India Grid Trust

• Citigroup Global Markets Mauritius Pvt. Ltd. bought 15 lakh shares or 0.7 percent stake at Rs 97.7 each
• Morgan Stanley Asia Singapore Pte. sold 16.9 lakh shares or 0.75 percent stake at Rs 97.7 each

Gulf Oil Lubricants

• Local Government Superannuation Scheme sold 8.78 lakh shares or 1.8 percent stake at Rs 810 each
• Morgan Stanley Investment Fund Indian Equity Fund bought 8.78 lakh shares or 1.8 percent stake at Rs 810 each

Siti Networks

• Promoters Digital Satelite Holdings Pvt. Ltd. sold 1.7 crore shares or 1.95 percent stake at Rs 28.35 each
• Essel International sold 1.7 crore shares or 1.95 percent stake at Rs 28.35 each

• Websol Energy: Garnet International bought 1.91 lakh shares or 0.87 percent stake at Rs 121.94 each
• Sinclair Hotels: Xander Investment Holdings sold half of its stake of 8.72 lakh shares or 16 percent stake at Rs 308.93 each

Stocks In F&O Ban

• GMR Infrastructure
• HDIL
• Infibeam Incorporation
• Jaiprakash Associates
• Kaveri Seed Company
• Oriental Bank of Commerce

Media Reports

• BSE: Lower charges help BSE overtake NSE in currency derivatives trading. (Economic Times)
• Lakshmi Vilas Bank: To raise Rs 1,000-1,100 crore through QIP which will be launched in July post the bank's AGM. (Economic Times)
• Britannia Industries: Managing Director Varun Berry says volumes of FMCG companies to fall post GST. (Economic Times)
• DLF: Annual rental income to rise 12 percent to Rs 2,900 crore. (DNA)
• ONGC: Keen to buy HPCL in Rs 42,254 crore deal. (DNA)
• Strides Shasun: Raises Rs 500 crore from KKR. (Mint)
• Aurobindo Pharma: Gets tentative approval from U.S. FDA for Cigensa. (Bloomberg)