Stocks To Watch: Dr Reddy’s Labs, BEML, Alembic Pharmaceuticals, VRL Logistics, Strides Shasun

The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index’s performance in India, fell 0.12 percent to 9,926.

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

• Aditya Birla Capital: Will list on the stock exchanges after being demerged from Grasim-AB Nuvo
• Grasim: Company in focus as it owns 57.3 percent stake in AB Capital
• AB Money: In focus as AB Capital owns 75 percent stake in company
• Justdial: Completes buyback of 9.5 lakh shares or 1.4 percent stake at Rs 390.44 each
• ABB India: To install solar inverters at 750 railway stations in India
• Strides Shasun: Subsidiary Arrow Pharma acquires 100 percent stake in Amneal Pharmaceuticals for 17 million Australian dollar
• IRB Infrastructure Developers: Board approves sale of IRB Pathankot Amritsar Toll Road to IRB InvIT Fund for Rs 1,569 crore
• Dhampur Sugar: Shareholders approve cap on commission paid to promoters to Rs 15 crore
• Alembic Pharmaceuticals: Receives EU GMP certificate for its facility at Panelav
• Shankara Building Products: Starts new processing facility in Secunderabad
• Allahabad Bank: Revises overnight marginal cost of funds based lending rate to 7.5 percent from 8 percent
• APL Apollo: To finalise the availment of technical know-how and assistance from Foreign Company through joint venture
• LIC: Raises stake in NTPC from 11.15 percent to 14.24 percent

V-Guard

• Acquired 7.82 lakh shares in Guts Electro-Mech Ltd.
• Holding increases to 74 percent post the acquisition

Jindal Saw

• Sold 47.65 lakh shares or 6 percent in Jindal ITF Ltd.
• Holding reduces to 51 percent post sale.

Other Corporate Announcements

• Rane Holdings: Board approves acquisition of 70 percent stake in Telematics4U Services Ltd for a consideration of Rs 1.17 crore
• CCL Products: Received approval from Commissioner of Visakhapatnam SEX for setting up of coffee manufacturing unit
• NMDC: Government appoints N Baijendra Kumar as CMD of NMDC
• CIL: Government mulling to set up panel to select CIL chairman

Today’s Nifty Call

Bulk Deals

• Aarvee Denims & Exports: Porinju Veliyath buys 1.81lakh shares or 0.8 percent stake at Rs 36 each
• BEML: Merrill Lynch Singapore bought 2.64 lakh shares or 0.6 percent stake at Rs 1763.52 each
• Nath Bio-Genes Ltd: Asset Reconstruction Company (India) sold 1 lakh shares or 0.6 percent stake at Rs 389.6 each
• Career Point: Fidelity Far East Fund sold 1.09 lakh shares or 0.6 percent stake at Rs 120.1 each

Granules India

• UBS Principal Capital Asia Ltd bought 12.25 lakh shares or 0.5 percent stake at Rs 128.13 each
• Swiss Finance Corporation (Mauritius) sold 12.25 lakh shares or 0.5 percent stake at Rs 128.13 each

VRL Logistics

• Reliance MF buys 20 lakh shares or 2.2 percent stake at Rs 339.99 each
• Promoter Vijay Sankeshwar sold 20 lakh shares or 2.2 percent stake at Rs 340 each

Gravita India

• SBI Small and Midcap Fund bought 7.9 lakh shares or 1.2 percent stake at Rs 114.11 each
• LTS Investment Fund sold 12.94 lakh shares or 1.9 percent stake at Rs 114.04 each

Pressman Advertising Ltd.

• Promoters Pressman Realty sold 5.8 lakh shares or 2.5 percent stake at Rs 64 each
• Promoter Pressman Properties sold 6.60 lakh shares or 2.8 percent stake at Rs 62.56 each
• Pradeep Kumar Saraf bought 11.60 lakh shares or 4.9 percent stake at Rs 63 each

Sarla Performance Fibres

• Promoter Satidham Industries bought 14 lakh shares or 1.7 percent stake at Rs 46.99 each
• Hindustan Cotton Co sold 14 lakh shares or 1.7 percent stake at Rs 46.98 each

F&O Setup

• Nifty Rollover at 58 percent versus 72 percent (average of last 3 series)
• Nifty August futures expire at 9918, Nifty down 1 percent in August series
• Nifty Sep Futures trading at a premium of 19 points from 28 points
• September series highest Call base at 10,000 (open interest at 28 lakh)
• September series highest Put base at 9,700 (open interest at 38 lakh)
• Call strikes 9900, 10000, 10100, 10,200 see open interest addition
• Put strikes 9700 & 9900 see max open interest addition

Active Stock Futures

• Hindustan Zinc sees open interest addition of 46 percent on long side
• Just Dial sees open interest addition of 46 percent on long side
• Arvind sees open interest addition of 29 percent on long side
• Cholamandalam Fin sees open interest addition of 27 percent on short side
• Equitas sees open interest addition of 23 percent on long side
• DCB Bank sees open interest addition of 20 percent on short side
• M&M sees open interest addition of 19 percent on short side

F&O Ban

JSW Energy

Earnings Reaction to Watch

Kridhan Infra (Q1, YoY)

• Revenue up 28 percent to Rs 185.3 crore
• EBITDA unchanged at Rs 25 crore
• Margin contracted to 13.5 percent from 17.4 percent
• Profit down 7.8 percent to Rs 10.7 crore from Rs 11.6 crore

Rane Holdings (Q1, YoY)

• Revenue flat at Rs 536 crore
• EBITDA down 2.2 percent to Rs 49 crore
• Margin narrowed to 10 percent from 10.2 percent
• Profit up 120 percent to Rs 33 crore
• Exceptional gain of Rs 15.65 crore in Q1FY18

Brokerage Radar

• Grasim: JPMorgan maintained an ‘Overweight’ rating with price target of Rs 1,250
• Vakrangee: B&K initiated coverage on the stock with a ‘Buy’ rating and price target of Rs 600
• Crompton Greaves Consumer: Credit Suisse retained its ‘Outperform’ rating with price target of Rs 270
• TCS: Nomura maintained a ‘Reduce’ on the stock with price target of Rs 2,180
• Balkrishna Industries: IIFL reiterated a ‘Buy’ rating on the stock with price target of Rs 1,800
• Inox Wind: HSBC upgraded the stock rating to ‘Buy’ from ‘Hold’ and cut price target to Rs 166 from Rs 206
• Suzlon Energy: HSBC maintained its ‘Buy’ on the stock and cut price target to Rs 22 from Rs 26