Stocks To Watch: ABC Bearings, Grasim, M&M, McNally Bharat

The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, was little changed at 9,622.

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

• Mahindra and Mahindra: Prices of small cars to be reduced by an average of 1.4 percent and that of sports utility and utility vehicles by an average of 6.9 percent
• Motherson Sumi: Will trade Ex-bonus for 1:2 issue. Futures and Options lot size has been revised to 3,750
• Aditya Birla Nuvo: Not available for trading as it merges with Grasim
• Mcnally Bharat Engineering: Received construction order worth Rs 43.49 crore from Delhi Metro Rail Corporation
• ICICI Prudential: Confirmed to have interest in taking over Sahara Life's Insurance business
• ABC Bearings: Board of Directors approve merger with Timken India subject to approval by the NCLT
• Ultratech: Cuts cement prices by up to 3 percent. (PTI)

Other Corporate Announcements

• Jindal Steel and Power: Interest of Rs 38.65 crore unpaid on non-convertible debentures
• Delta Corp: NCLT approves scheme of amalgamation of Gauss Networks with the company. Acquisition to be done for a sum of Rs 47.30 crore
• Infosys: Infosys Finacle partners with Singapore based fin-tech company Active to offer enterprise AI-based platform for banks globally
• Sunteck Realty: Gets shareholder nod to raise funds by way of further issue of securities
• Sterlite Technologies: Shareholders approve fund raising via equity or debt
• Ramco Cements: Successfully bought back 5.23 lakh shares
• Godrej Consumer: Bonus shares available for trading
• Venky's: Circuit filter revised to 10 percent
• Shiva Cement: Circuit filter revised to 10 percent
• HPCL: Receives shareholder approval for 1:2 bonus issue
• Ramkrishna Forgings: Received shareholder approval for qualified institutional placement issue of Rs 200 crore. Limit for foreign investors increased to 49 percent of the total shareholding

HDFC

• Profit on sale of investments during the June quarter stood at Rs 2 crore
• Dividend income increased to Rs 60 crore from Rs 51 crore year-on-year

Raymond

• Targets 7-9 percent revenue growth in financial year 2017-18
• Targets margin expansion of 100-150 basis points
• Extensive work going on for layouts, plans, regulatory work for Thane land

Yes Bank

• Signs agreement with Santander to boost U.K.-India trade and local business network opportunities
• Santander will be able to offer access to banking facilities to its clients along with local support in India through Yes Bank's network

ABG Shipyard (Q3, YoY)

• Net loss narrows to Rs 828 crore from Rs 1,266 crore
• Revenue increased 128 percent to Rs 4.53 crore

Today’s Nifty Call

F&O Setup

• Nifty futures end at 9,624, a premium of 10 points
• Nifty futures add 4.7 lakh shares in open interest
• Nifty Bank futures add 85,000 shares in open interest
• Put-Call Ratio rises to 1.21 from 1.18
• Maximum open interest seen in 9,400 Put worth 60.6 lakh shares

• Reliance Industries: Open interest up 6 percent, fresh long positions seen
• Bata India: Open interest up 10 percent, fresh long positions seen
• Dr. Reddy's Laboratories: Open interest up 3 percent, fresh short position seen
• Just Dial: Open interest up 16 percent, fresh short positions seen
• Shriram Transport Finance: Open interest up 20 percent, fresh long positions seen

• Jaiprakash Associates remains the only stock in an F&O ban

Brokerage Calls

• Bajaj Finance: Credit Suisse maintains 'Underperform' with price target raised to Rs 960 from Rs 670
• Jubilant Life Sciences: Motilal Oswal initiates coverage with 'buy' rating and price target of Rs 905
• Persistent Systems: Morgan Stanley initiates coverage with 'Overweight' rating and price target of Rs 840
• Alembic Pharma: IIFL initiates coverage with price target of Rs 550
• Camlin Fine Sciences: Phillip Capital sees another 40 percent upside to the stock. Price target of Rs 120
• Dhanuka Agritech: HSBC raises price target to Rs 890 from Rs 857
• Bata: Axis Capital recommends buying the stock with a price target of Rs 550
• Dr. Lal Pathlabs: CLSA maintains 'Buy' with price target cut to Rs 1,120 from Rs 1,200

Titan

• Goldman Sachs maintains 'Buy' with price target raised to Rs 552 from Rs 517
• JPMorgan maintains 'Overweight' with price target of Rs 540
• Motilal Oswal maintains 'Neutral' with price target of Rs 545

Media Reports

• NTPC: To bet on $10 billion coal power despite surplus, environmental concerns. (Financial Express)
• Indian Oil: Plans to buy North American sour crude for the first time. (Financial Express)
• Videocon: Telecom vertical eyes sale of over Rs 1,600 crore in FY18. (Economic Times)
• Trent: Joint ventures grapple with bottomlines. (Business Standard)
• IDFC Bank: Settles case with SEBI. (PTI)
• Mahindra and Mahindra: To collaborate with Israel's Shachaf Engineering. (Bloomberg)