Stocks To Watch: Axis Bank, Bharti Airtel, Hero MotoCorp, Suzlon

The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, was little changed at 9,986.

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

TD Power Systems

• Receives order for production and supply of traction motors
• Total order book stands at Rs 750 crore to be supplied over 10 years starting 2018

National Fertilizers

• Government to divest 7.35 crore shares or 15 percent stake in the company by way of offer for sale
• Issue price fixed at Rs 72.8 per share

• Suzlon: Wins order from Alfanar group for 50.40 MW wind power project to be completed by March, 2018
• Berger Paints: Union calls off strike at company’s Goa unit.
• Indraprastha Gas: Hikes prices of PNG and CNG in Delhi to offset GST costs

Other Corporate Announcements

GAIL (India)

• Launches startup “Pankh” to identify and promote innovative ventures
• Has set aside Rs 50 crore for investing in startups

• Cipla: Launches quality assured RAS for severe malaria in young children.
• Lakshmi Vilas Bank: Board approves issuance of 5 crore equity shares on QIP basis.
• Somany Ceramics: Issued Commercial Papers worth Rs 30 crore
• LG Balakrishnan & Bros: To merge its business with BCW V Tech India Pvt Ltd., a wholly owned subsidiary of the company
• MSP Steel Power: Shareholders approve conversion of loan by lenders into equity pursuant to S4A scheme
• GE T&D India: New order bookings stood at Rs 1,580 Crore in Q1
• Inox Wind: NCLAT reserves judgement against the appeal filed by the company
• JP Power, Shree Renuka Sugar, Gujarat NRE Coke: Circuit filter revised to 10 percent
• Jaypee Infra: Circuit filter revised to 5 percent

Today’s Nifty Call

Bulk Deals

Future Lifestyle Fashions

• Bennett Coleman & Company sold 10 lakh shares or 0.53 percent stake at Rs 319 each
• Stake reduced to 71.12 lakh shares or 3.74 percent

Honda Power: Old Bridge Capital, a Kenneth Andrade-backed firm, bought 64,500 shares or 0.64 percent stake at Rs 1,347.75 each

F&O Setup

• Nifty Bank continues to trade stronger than Nifty
• Nifty resistance at 10,000 with total open interest at 73.9 lakh shares
• Nifty support at 9,900 with total open interest at 63.7 lakh shares
• Call writers active at 10,000 - 10,050 levels; open interest addition of 6-9 lakh shares
• Put writers active at 9,850 - 10,000 levels; open interest addition of 1-5 lakh shares
• Nifty Bank rolls at 35 percent compared to 3-month average of 30 percent
• Nifty rolls at 37 percent compared to 3-month average of 42 percent

Active Stock Futures

• NHPC sees open interest addition of 17 percent on short side
• UPL sees open interest addition of 16 percent on long side
• M&M Financial sees open interest addition of 12 percent on long side
• Apollo Tyres sees open interest addition of 8 percent on long side
• Idea surges 6 percent on low open interest addition of 1 percent

Stocks In F&O Ban

• Fortis Healthcare
• GMR Infra
• HDIL
• IndiaBulls Real Estate
• IFCI
• Infibeam Incorporation
• IRB Infrastructure
• JSW Energy
• Just Dial
• Kaveri Seeds
• Ujjivan Financial Services

Earnings Reaction To Watch

Lakshmi Vilas Bank (Q1, YoY)

• Net interest income up 22.6 percent to Rs 217.7 crore
• Net profit up 8.9 percent to Rs 66.11 crore
• Provisions up 3.5 percent at Rs 112 crore (QoQ)
• Gross NPA at 3.78 percent from 2.67 percent (QoQ)
• Net NPA at 2.84 percent from 1.76 percent (QoQ)

Axis Bank (Q1, YoY)

• Net interest income up 2.2 percent to Rs 4,616.15 crore
• Net profit down 16.1 percent to Rs 1,305.6 crore
• Provisions down 9.3 percent to Rs 2,341.9 crore (QoQ)
• Gross NPA at 5.03 percent from 5.04 percent (QoQ)
• Net NPA at 2.30 percent from 2.11 percent (QoQ)

L&T Technology Services (Q1, QoQ)

• Revenue up 1.3 percent to Rs 822.6 crore
• EBITDA down 6.1 percent to Rs 125.7 crore
• EBITDA margin contracted to 15.3 percent from 16.5 percent
• Net profit up 1.6 percent to Rs 98 crore

Hero MotoCorp (Q1, YoY)

• Net Sales up 7.8 percent to Rs 7,972 crore
• EBITDA up 5.4 percent to Rs 1,296 crore
• EBITDA margin narrowed to 16.3 percent from 16.6 percent
• Net profit up 3.5 percent to Rs 914 crore

Bharti Airtel (Q1, QoQ)

• Net Sales flat at Rs 21,958 crore
• EBITDA down 1.3 percent to Rs 7,758 crore
• EBITDA margin contracted to 35.33 percent
• Net profit down 1.6 percent to Rs 367 crore

KSB Pumps (Q1, YoY)

• Revenue up 3 percent to Rs 223 crore
• EBITDA down 10.5 percent to Rs 23.8 crore
• EBITDA margin contracted to 11.3 percent
• Net profit down 11 percent to Rs 15.3 crore

Tata Metaliks (Q1, YoY)

• Revenue up 22 percent to Rs 408 crore
• EBITDA down 18.4 percent to Rs 49.5 crore
• EBITDA margin contracted to 12.8 percent from 19.3 percent
• Net profit down 11 percent to Rs 30.6 crore

GE T&D India (Q1, YoY)

• Revenue up 39.6 percent to Rs 1,263.4 crore
• Net profit at Rs 61.7 crore
• EBITDA at Rs 105.5 crore

Pidilite (Q1, YoY)

• Revenue down 1.3 percent to Rs 1,669.3 crore
• EBITDA down 18.5 percent to Rs 321 crore
• EBITDA margin contracted to 21 percent
• Net profit down 16.8 percent to Rs 226.5 crore

IndiaBulls Ventures (Q1, YoY)

• Revenue up 65.7 percent to Rs 165.9 crore
• Profit up 146.6 percent to Rs 50.3 crore

Navin Fluorine (Q1, YoY)

• Revenue up 36 percent to Rs 238.1 crore
• EBITDA up 47 percent to Rs 59.4 crore
• EBITDA margin expanded to 26.4 percent from 24.7 percent
• Net profit up 13 percent to Rs 49.11 crore

Raymond (Q1, YoY)

• Revenue up 13.2 percent to Rs 1,196.9 crore
• EBITDA up 23.5 percent to Rs 38.4 crore
• EBITDA Margin expanded to 3.2 percent from 2.94 percent
• Net loss narrowed to Rs 7.25 crore from Rs 16.61 crore

Geojit Financial Services (Q1, YoY)

• Revenue up 21 percent to Rs 84.11 crore
• Net profit up 35 percent to Rs 16.22 crore

Earnings To Watch Today

Other Key Earnings

• Federal Bank
• IFB Agro Industries
• Inox Leisure
• L&T Finance Holdings
• Mphasis
• Nestle India
• PVR
• Radico Khaitan
• Aditya Birla Money

Brokerage Calls

Hero Motocorp

• Kotak downgraded the stock rating to 'Sell' and kept price target unchanged at Rs 3,200
• Citi maintained a 'Neutral' stance, but hiked price target to Rs 3,800 from Rs 3,600

• Bharti Infratel: JP Morgan maintained an 'Overweight' rating on the stock, raised price target to Rs 450 from Rs 400
• Cadila Healthcare: IDFC Securities initiated coverage on the stock with price target of Rs 588
• Lupin: UBS maintained 'Buy' and cut price target to Rs 1,340 from Rs 1,400

Asian Paints

• Macquarie maintained 'Neutral' and cut price target to Rs 1,100 from Rs 1,140
• Edelweiss maintained 'Buy' rating with price target cut to Rs 1,249 from Rs 1,269
• Goldman Sachs cuts price target to Rs 880 from Rs 960

• Vedanta: IDFC Securities maintained an 'Outperform' rating and cut price target to Rs 287 from Rs 304
• Axis Bank: CLSA maintained 'Outperform' and hiked price target to Rs 600 from Rs 570

Bharti Airtel

• CLSA maintained 'Underperform' and hiked price target to Rs 444 from Rs 387
• UBS maintained a 'Buy' rating on the stock with price target at Rs 440

Media Reports

• Monnet Ispat: NCLT appoints resolution professional on bankruptcy proceedings. (PTI)
• Piramal Finance: Lends Rs 400 crore to mid-sized firms. (Business Standard)
• Maruti Suzuki: Tops charts in UV, vans. (Economic Times)
• Reliance Industries: Defaults on Rs 1,370 crore fine says State government. (TOI)
• Tata Steel: The company's SEZ may house downstream steel unit. (Business Standard)
• ICICI Prudential Life: Quarter 1 net flat at Rs 406 crore. (Financial Express)
• PNB: Raises Rs 1,500 crore through bonds. (Financial Express)
• Vedanta: Plans $2.4 billion capex over 2 years. (Business Standard)
• JSW Energy: Eyes solar rooftop, energy storage. (Business Standard)
• Wipro: Partners with HPE in as-a-service business for global clients. (Business Standard)