Stocks To Watch: Apollo Tyres, JP Associates, Jubilant Life, ONGC

The Singapore-traded SGX Nifty, an early indicator of Nifty 50’s performance in India was little changed at 10,096.

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

• ONGC: Buys 80 percent stake and operatorship rights in one of the blocks of GSPC for Rs 7,783 crore
• Fortis Healthcare: Board approves to raise Rs 5,000 crore subject to shareholders and regulatory approval

Bank Of Baroda

• Introduces two interest rate structures for saving accounts
• Accounts with balance above Rs 50 lakh to be given 4 percent interest
• Accounts with balance below Rs 50 lakh to be given 3.5 percent interest
• Changes in effect from August 5, 2017

• Bank of India: Allots 11.23 crore shares to Government of India at Rs 133.51 each
• Dena Bank: Allots 20.63 crore shares to government, LIC on preferential basis
• JSW Steel: May partner Piramal Bain fund to buy Bhushan Steel, reports in the Economic Times suggest
• Jubilant Lifesciences: Gets ANDA approval for spasticity drug Tizanidine Hydrochloride

Other Corporate Announcements

• Jaypee Infratech: NCLT reserves order in Insolvency case against the company
• GTPL Hathway: Partners with Nagra, a digital TV division of Kudelski group and Samsung, for the delivery of digital and interactive content directly to TV without the need of a set top box
• Music Broadcast: To challenge high court order staying the demerger of the radio business of SPML in Supreme Court
• Maruti Suzuki: Total production up 14.8 percent at 1,56,987 units in July 2017 from 1,36,761 units in July 2016
• Atlas Cycles: Board approves 1:2 stock split
• Autoline Industries: Sells its Pune property for the purpose of reducing its overall debt
• Adani Transmission: Acquires two SPVs from Rajasthan Transco for an undisclosed sum

Today’s Nifty Call

Bulk Deals

Gulf Oil

• Promoter Gulf Oil International (Mauritius) bought 5 lakh shares or 1 percent stake at Rs 808.15 each
• Dilipkumar Lakhi sold 5 lakh shares or 1 percent stake at Rs 808.15 each
• Dilipkumar Lakhi bought 6.5 lakh shares or 1.3 percent stake at Rs 808.13 each

• Eveready Industries Nomura India Investment Fund sold 8.56 lakh shares or 1.2 percent stake at Rs 303 each
• Unitech: Dilipkumar Lakhi bought 1.41 crore shares or 0.5 percent stake at Rs 7.94 each

F&O Setup

• Nifty futures premium moves to 42 points from 29 points
• Nifty futures shed 2.9 lakh shares in open interest
• Bank Nifty sheds 1.1 lakh shares, open interest down 5 percent
• Nifty range for August series in terms of open interest concentration between 10,000 to 10,500
• Maximum open interest on put side at 10,000 strike with open interest at 52 lakh shares
• Maximum open interest on call side at 10,500 strike with open interest at 38 lakh shares
• Unwinding of open interest seen on call strikes of 10,100 and 10,200
• Open Interest addition seen for Put strikes of 10,000 and 10,100

Active Stock Futures

• Titan: Sees open interest addition of 29 percent on long side
• Berger Paints: Sees open interest addition of 20 percent on short side
• Chennai Petro: Sees open interest addition of 19 percent on short side
• Cummins India: Sees open interest addition of 13 percent on short side
• Indiabulls Real Estate: Sees open interest addition of 17 percent on long side
• Ujjivan Financial Services: Sees open interest addition of 13 percent on long side
• Biocon: Sees open interest addition of 9 percent on short side

Stocks In F&O Ban

• HDIL
• Indiabulls Real Estate
• India Cements
• Jaiprakash Associates
• JSW Energy
• Kaveri Seed
• Wockhardt

Earnings Reactions To Watch

Berger Paints (Q1, YoY)

• Revenue up 9.4 percent to Rs 1,363.5 crore
• EBITDA down 5 percent to Rs 185 crore
• EBITDA Margin contracted to 14.8 percent from 17.4 percent
• Net profit down 5.8 percent to Rs 113 crore

Apollo Tyres (Q1, YoY)

• Revenue down 0.8 percent to Rs 3,537 crore
• EBITDA down 49 percent to Rs 273 crore
• EBITDA Margin contracted to 8.3 percent from 16.3 percent
• Net profit down 72 percent to Rs 88.3 crore

Arvind (Q1, YoY)

• Revenue up 17.6 percent to Rs 2,475 crore
• EBITDA down 15.6 percent to Rs 206 crore
• EBITDA Margin down to 8.3 percent from 11.6 percent
• Net profit down 22 percent at Rs 57 crore

Fortis Healthcare (Q1, YoY)

• Revenue up 3 percent to Rs 1,156.6 crore
• EBITDA up 37 percent to Rs 86 crore
• EBITDA margin expanded to 7.4 percent from 5.6 percent
• Net profit down 11 percent to Rs 22.6 crore

Dalmia Bharat (Q1, YoY)

• Net profit up 67.9 percent to Rs 199.5 crore
• Revenue up 14.1 percent to Rs 2,306 crore
• EBITDA up 9.5 percent to Rs 557 crore
• EBITDA Margin contracted to 27 percent from 28.6 percent

Relaxo Footwear (Q1, YoY)

• Net profit up 1.6 percent to Rs 37.5 crore
• Revenue up 19.8 percent to Rs 490.4 crore
• EBITDA up 1 percent to Rs 70.9 crore
• EBITDA Margin contracted to 14.7 percent from 17.3 percent

Jaiprakash Associates (Q1, YoY)

• Net profit of Rs 765 crore from loss of Rs 603 crore
• Revenue up 42.3 percent to Rs 2,585.4 crore
• EBITDA up 267 percent to Rs 759.4 crore
• EBITDA Margin at 30.5 percent from 12 percent
• Exceptional gain of Rs 606 crore

Repco Home Finance Q1

• Revenue up 7.6 percent to Rs 265.7 crore
• Net profit up 14 percent to Rs 45 crore
• Net Interest Income up 12.1 percent to Rs 103 crore
• Provisions up 44 percent to Rs 16.7 crore from Rs 11.6 crore (QoQ)

Alphageo (Q1, YoY)

• Revenue up 121.2 percent to Rs 115 crore
• EBITDA up 118.5 percent to Rs 33 crore
• Margin flat at 28.7 percent from 29 percent
• Net profit up 94 percent to Rs 15.5 crore

GNFC (Q1, YoY)

• Revenue up 11.2 percent to Rs 1,054.6 crore
• EBITDA up 18.4 percent to Rs 176.8 crore
• EBITDA Margin expands to 18.1 percent from 17 percent
• Net profit up 31.5 percent at Rs 66.55 crore

Chennai Petroleum (Q1, QoQ)

• Revenue up 1.7 percent to Rs 9,649.4 crore
• EBITDA down 38 percent to Rs 195.45 crore
• EBITDA Margin contracted to 2.9 percent from 4.6 percent
• Net profit down 80 percent to Rs 33.5 crore

GSFC (Q1, YoY)

• Revenue up 8.7 percent to Rs 1,176 crore
• EBITDA down 17 percent to Rs 81 crore
• EBITDA Margin contracted to 7.1 percent from 9.5 percent
• Net profit down 12 percent to Rs 40.5 crore

Indian Hotels (Q1, YoY)

• Revenue up 10.4 percent to Rs 524 crore
• EBITDA up 44 percent to Rs 75.5 crore
• EBITDA Margin expanded to 14.4 percent from 11.1 percent
• Net profit of Rs 6.9 crore from net loss of Rs 9 crore

Trigyn Technologies (Q1, QoQ)

• Revenue down 2.4 percent to Rs 164 crore
• EBITDA flat at Rs 15.4 crore
• EBITDA Margin flat at 9.4 percent from 9.2 percent
• Net profit up 1.1 percent to Rs 9.3 crore

Shriram Pistons & Ring (Q1, YoY)

• Revenue up 9.1 percent to Rs 440 crore
• Net profit down 8.9 percent to Rs 29.6 crore
• EBITDA down 8.7 percent to Rs 63 crore
• EBITDA Margin narrowed to 15.9 percent from 18.9 percent

SPARC (Q1FY18, YoY)

• Revenue up 9 percent to Rs 23.3 crore
• Net loss widens to Rs 78.8 crore from Rs 36.1 crore

Syndicate Bank Q1

• Net Interest Income up 8.2 percent to Rs 1,600.5 crore
• Net loss at Rs 263 crore from net profit of Rs 79 crore
• Gross NPA at 9.96 percent from 8.50 percent (QoQ)
• Net NPA at 6.27 percent from 5.21 percent (QoQ)
• Provisions up 5 percent to Rs 1,334 crore (QoQ)

OCL limited (Q1, YoY)

• Net profit up 10.8 percent to Rs 117 crore
• Revenue up 15.7 percent to Rs 929 crore
• EBITDA up 11.7 percent to Rs 201.4 crore
• EBITDA Margin narrow to 24.3 percent from 25.4 percent

FDC (Q1, YoY)

• Net profit down 40.3 percent to Rs 29.2 crore
• Revenue down 9.9 percent to Rs 245 crore
• EBITDA down 47.6 percent to Rs 36 crore
• EBITDA Margin contracted to 15.1 percent from 25.7 percent

Vardhman Acrylics (Q1, YoY)

• Net profit down 36.5 percent to Rs 9.7 crore
• Revenue down 34 percent to Rs 74 crore
• EBITDA down 43.3 percent to Rs 13.7 crore
• EBITDA Margin contracted to 18.7 percent from 21.8 percent

Andhra Cements (Q1, YoY)

• Net loss widens to Rs 25.4 crore from Rs 20.8 crore
• Revenue up 26 percent to Rs 126 crore
• EBITDA up 2.3 percent to Rs 13.5 crore
• EBITDA Margin narrowed to 12.4 percent from 15.3 percent

Brokerage Radar

HPCL

• CLSA maintains 'Sell' while price target is hiked to Rs 405 from Rs 360
• JPMorgan maintains 'Underweight' with price target of Rs 300
• Nomura maintains 'Buy' and hikes price target to Rs 510 from Rs 427
• Kotak maintains 'Reduce' with price target hiked to Rs 420 from Rs 380

Mahindra & Mahindra

• CLSA maintains 'Outperform' and hikes price target to Rs 1,585 from Rs 1,550
• JPMorgan maintains 'Overweight' with price target of Rs 1,600
• Credit Suisse maintains 'Outperform' with price target hiked to Rs 1,680 from Rs 1,530

Dabur

• CLSA upgrades stock to 'Outperform' from 'Underperform' and hikes price target to Rs 350 from Rs 290
• Nomura maintains 'Outperform' and hikes price target to Rs 340 from Rs 331

Media Reports

• Eros International: Explores content sale worth $1 billion with Apple. (Economic Times)
• Aditya Birla Fashions: Aims to stitch pact with American Eagle. (Economic Times)
• GAIL: Said to be in a fight with GSPL over transport of ONGC gas. (Economic Times)
• NTPC: Eyes pan-India license to set-up electric vehicle charging points. (Mint)
• Ramco Cements: To invest Rs 1,000 crore. (Business Standard)
• ABG Shipyard: Liberty House sends plan to NCLT. (Business Standard)
• Cadila Healthcare: Gets U.S. FDA approval for dementia drug treatment. (Bloomberg)
• Union Bank of India: To consider raising funds on August 9. (Bloomberg)