Stocks To Watch: Chambal Fertilisers, ITC, Maruti, NBCC, SpiceJet

The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, gained 0.1 percent to 9,526.

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

June Auto Sales

Maruti Suzuki

• Sales in June up 7.6 percent to 1,06,394 units
• Domestic sales up 1.2 percent to 93,263 units
• Exports up 96 percent to 13,131 units
• To pass entire benefit of GST to customers
• Ex-showroom prices select models decrease by up to 3 percent

Tata Motors

• Overall sales volume in June down 9 percent to 40,358 units
• Domestic sales down 5 percent to 36,854 units
• Domestic CV sales down 2 percent to 25,678 units
• Medium and heavy commercial vehicles (M&HCV) business grows 1 percent to 7,689 units
• Exports fell 40 percent to 3,504 units

Mahindra and Mahindra

• June sales volume down 8.4 percent to 35,176 units
• Overall sales for Q1FY18 down 4 percent to 1,16,968 units
• Tractor sales volume up 9 percent in June to 32,933 units
• Tractor sales in Q1FY18 up 13 percent to 84,533 units

Eicher Motors

• June sales volume up 25 percent to 63,160 units
• Sales for Q1FY18 up 25 percent to 1,83,998 units

BSE

• Sold 26.05 percent stake in Central Depository Services (India) Ltd.
• CDSL now ceases to be a subsidiary and is now an associate company with effect from June 29, 2017
• To revise transaction charges on equity segment from August 1

• Dabur India: Says positives of GST will be felt in the medium to long-term. May experience near-term pain on sales and profits due to de-stocking and other transition costs
• JMC Projects: Secures three new investment orders worth Rs 710 crore in Madhya Pradesh, Bangalore and Chennai
• Kalpataru Power Transmission: Received new orders in the power and infrastructure sector worth Rs 676 crore
• NBCC: Signs MoU for re-development of 10 railway stations with smart city features
• Fertiliser Stocks: GST Council reduces rates on fertilisers to 5 percent from 12 percent
• JSW Steel: Wins five mines in Karnataka, one in Jharkhand (PTI)
• Spicejet: Delhi High Court to decide on Maran share transfer row (PTI)

Other Corporate Announcements

IndusInd Bank

• Sold 75 lakh equity shares or entire stake in Kesoram Industries Ltd. at a price of Rs 137 each
• Shares were acquired pursuant to exercise of conversion option on optionally convertible redeemable preference shares on June 15, 2017

• Infosys: To divest its investment in Cloudyn Software Ltd. for $4.4 million to Microsoft
• Petronet LNG: Ex-date for 1:1 bonus
• Kitex Garments: Bonus shares available for trading
• Strides Shasun: Gets approval from the Competition Commission of India on the composite scheme of arrangement with SeQuent Scientific Ltd. and Solara Active Pharma Sciences Ltd. along with their respective shareholders and creditors
• Century Plyboards (India): AGM postponed due to unavoidable circumstances / administrative reasons
• Jaiprakash Associates: Delays payment of NCDs for a period of more than three months on 10.5 percent NCDs
• Lypsa Gems and Jewellery: Shareholders approve issue of bonus shares
• IL&FS Transportation Networks: To transfer its equity stake in its subsidiary RLHL to Paranjape Group for preference shares worth Rs 150 crore
• Bharti Airtel: Gets CCI nod for deals with Videocon
• Motilal Oswal: To invest Rs 100 crore in its subsidiary Aspire Home Finance
• Ennore Coke: Files application under Insolvency and Bankruptcy code
• Provogue India: Subsidiary decides to convert the company into an LLP
• Datamatics Global Services: To acquire 71.1 percent equity stake in Techjini Solutions Pvt. Ltd.
• Emami Infrastructure: Board approves scheme of amalgamation with unit Zandu Realty
• ICICI Bank: Leaves MCLR unchanged for July
• Websol Energy: Allots 7.84 lakh shares to FCCB holders on conversion
• Adani Ports & SEZ: Incorporates wholly-owned subsidiary Adani International Terminals
• IDBI Bank: Sells 2.5 percent stake or 12.5 lakh shares of Clearing Corporation of India Ltd.
• Coal India: Production in June at 39.66 million tonnes compared to the target of 43.18 million tonnes
• Reliance Capital: Madhusudan Kela to move to part-time advisory role

Deepak Fertilizers (Q4, YoY)

• Net profit up 117 percent to Rs 52 crore
• Net income up 7 percent to Rs 1,210 crore
• To pay dividend of Rs 6 per share

Orient Green Power

• Board approves sale of 8 of its biomass subsidiaries and biomass division for an enterprise value of Rs 275 crore to its promoter company SVL Ltd.
• Board approves withdrawal of composite scheme of arrangement and amalgamation

Rashtriya Chemicals and Fertilizers

• Offer-for-sale for retail investors subscribed 5.62 times
• Total bids of Rs 237.28 crore had been received compared to the 20 percent portion reserved which amounted to Rs 40.96 crore

Today’s Nifty Call

Fund Raising Plans

IndusInd Bank

• Seeks shareholder approval to increase borrowing limit to Rs 50,000 crore
• Also seeks nod to issue long-term bonds up to Rs 10,000 crore

Oriental Bank of Commerce

• Shareholders approve raising of funds up to Rs 5,000 crore
• Government at all times will hold not less than 52 percent stake in the bank

• ICICI Bank: Gets shareholder nod to raise funds up to Rs 25,000 crore via NCDs on a private placement basis
• Emco: To raise funds up to Rs 225 crore via various options
• Central Bank of India: Receives shareholder approval to raise additional Rs 6,500 crore via equity
• Bank of Baroda: Gets shareholder approval to raise additional Rs 6,000 crore via equity
• JSW Steel: Shareholders approve issue of FCCB / ADR / GDR up to $1 billion, convertible NCDs up to Rs 4,000 crore and private placement of NCDs worth Rs 10,000 crore
• Idea Cellular: Shareholders approve issue of NCDs worth Rs 10,000 crore

Brokerage Calls

• ITC: CLSA reiterates 'Buy,' raises price target to Rs 417 from Rs 375
• HDFC: CLSA maintains 'Buy' with price target of Rs 1,900
• Aditya Birla Capital: CLSA maintains 'Sell,' raises price target to Rs 980 from Rs 880
• Bajaj Corp: Raised to 'Buy' at Dolat Capital Market with price target of Rs 458
• Sun TV: Macquarie initiates coverage with 'Outperform' rating and price target of Rs 975

Media Reports

• Aurobindo Pharma: Looks to push deeper into EU, U.S. over the next 3-4 years. (PTI)
• PNB: To block all Maestro debit cards from July 31. (PTI)
• Idea Cellular: Hires investment bankers for sale of tower assets. Morgan Stanley and BofAML to finalise buyers. (Economic Times)
• ICICI Bank: Authorised to collect GST by finance ministry. (Bloomberg)
• ONGC: Sees profit share of $182 million from Vankor field in first year. (Bloomberg)
• Tata Steel: U.K. considering revision of pension rules to save jobs at Port Talbot plant. (PTI)