Stocks To Watch: HPCL, Reliance Capital, Sical Logistics, Wipro

The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, gained 0.16 percent to 9,640.

Also Read: Tuesday Morning Briefing: Asian Stocks Mixed, Crude Gains

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

• Wipro: Clarifies that the payable date and ex-dividend date for its American Depository Receipts is yet to be determined.

Reliance Capital

• Plans to list its wholly-owned subsidiary Reliance General Insurance this fiscal.
• To dilute a minimum 10 percent stake in FY18 and up to 25 percent over the next three years

• Sunteck Realty: FID FDS Mauritius bought 9.24 lakh shares or 1.5 percent stake at Rs 460 each
• Equitas Holdings: Creation Investments Equitas Holdings, LLC sold 50 lakh shares or 1.5 percent stake at Rs 169 each which was bought by RIMCO India for Rs 168.99 each
• Welspun Enterprises: Insight Solutions Ltd. sold nearly half of its stake or 43 lakh shares, which forms 2.9 percent stake at Rs 90.1 each
• Sical Logistics: To acquire 51 percent stake in Patchems Pvt. Ltd. for a total consideration of Rs 9.5 crore
• Shreyas Shipping: Enters into a JV with Japan based Suzue Corporation
• DIC India: Board approves sale of Mumbai land

Hindustan Petroleum

• Acquisition of HPCL negative for ONGC and Indian Oil Corporation, says CLSA

According to CLSA:

• ONGC likely to see a notable increase in debt post acquisition
• ONGC might liquidate its 13.8 percent stake in IOC to fund HPCL acquisition
• Government the only gainer from this deal
• Fair value could be hit by almost 2 percent due to value leakage in the holding company structure

Other Corporate Announcements

• State Bank of India: Allotted 52.21 crore shares to 61 investors via QIP which increased its paid-up capital to Rs 863 crore from Rs 810 crore
• Axis Bank: To issue NCDs worth Rs 5,000 crore subject to approval from Board of Directors
• Spicejet: To launch flights under the UDAN scheme next month
• Ess Dee Aluminium: Issued notice suspending work at its manufacturing unit in Kolkata
• Shriram Transport Finance: Issued and allotted NCDs worth Rs 550 crore on private placement basis
• M&M Financial Services: Issued and allotted NCDs worth Rs 250 crore
• Cosmo Films: Expands its range of Direct Thermal Printable products
• Satin Creditcare Network: Seeks shareholder approval to issue securities worth Rs 300 crore
• Sterlite Technologies: Seeks shareholder approval to raise funds worth up to Rs 1,000 crore via various options

Simplex Projects (Q4, YoY)

• Net profit of Rs 30 crore from loss of Rs 34 crore
• EBITDA at Rs 28 crore from EBITDA loss of 28 crore
• EBITDA Margin at 18 percent

Today’s Nifty Call

Stocks In F&O Ban

• GMR Infrastructure
• HDIL
• Indiabulls Real Estate
• Infibeam Incorporation
• Jaiprakash Associates
• Kaveri Seeds
• Oriental Bank of Commerce
• Ujjivan Financial Services

Media Reports

• Andhra Bank: Seeks nod for sale of NPAs worth Rs 3,870 crore. (Business Line)
• Federal Bank: Expects growth of 18-20 percent this fiscal. (Business Line)
• Dhanlaxmi Bank: Says not looking at any merger or strategic alliance. (Business Line)
• Kotak Mahindra Bank: Kotak Fund to raise $100 million for affordable housing. (Economic Times)
• Power Finance Corp: Gets government approval to issue tax-free bonds. (DNA)
• Monsanto: Bayer CropScience cut India investments. (Business Standard)
• Reliance Communications: Seeks buyers for its undersea cable unit. (Bloomberg)
• Castrol: To acquire additional 0.11 percent stake from BP Mauritius on June 19. (Bloomberg)