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Stocks To Watch: Aditya Birla Capital, Biocon, Himachal Futuristic, Punj Lloyd

The Singapore-traded SGX Nifty, an early indicator, gained 0.17 percent to 9,974.



Pedestrians walk past an electronic ticker board at the Bombay Stock Exchange (BSE) in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
Pedestrians walk past an electronic ticker board at the Bombay Stock Exchange (BSE) in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
  • Biocon’s insulin facility in Malaysia receives EU GMP compliance certificate
  • GTPL Hathway foreign institutional investor limit hiked to 49 percent from 24 percent
  • Bank of India cuts marginal cost of lending rate by 0.05-0.10 percent for various tenors from September 10.
  • Tata Elxsi fixes September 19 as record date for bonus
  • Punj Lloyd gets Rs 870 crore order for canal work in Maharashtra

The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index’s performance in India, gained 0.17 percent to 9,974.

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

  • Bharat Financial: Assigns Rs 519 crore of receivables to a bank as per RBI Guidelines
  • TCS: Partners with GE to integrate intelligence into services data lake platform
  • Punj Lloyd: Gets Rs 870 crore order for canal work in Maharashtra
  • Biocon: Insulin Facility in Malaysia Receives EU GMP Compliance Certificate
  • CCL Products: FII/FPI limit raised to 40 percent from 24 percent
  • GTPL Hathway: FII limit hiked to 49 percent from 24 percent
  • Bombay Dyeing: Sold 48.457 acres land in Pune for Rs 13.57 crore
  • Bank of India: Cuts marginal cost of lending rate to 8.3 percent
  • Sharda Motor: Filed petition against Toyo Sharda before NCLT
  • Jindal Worldwide: Acquired 84 lakh shares of Balaji Weft for Rs 8.41 crore taking their holding in the company to 60.44 percent
  • Vista Pharmaceuticals: Received EIR from the U.S. FDA for its formulation facility in Telangana
  • Spicejet: Looking at jets for planned low-cost, long-haul move
  • Majestic Auto: Shuts down electric motor division due to lack of viable orders
  • Talwalkar: Promoter Vinayak Gawande sells 1 lakh shares in open market on September 6
  • Aditya Birla Capital: Shares will be permitted under ‘B’ group with effect from September 15

Crest Ventures

  • Acquired 3.16 percent in Classic Mall Development for Rs 43.50 crore
  • Holding increased to 49 percent from 45.84 percent post acquisition

Gammon India

  • Sells stake in Gammon Infrastructure Projects (GIPL) in various tranches in the open market
  • GIPL ceases to be subsidiary of company, post the sale

Other Corporate Announcements

  • Circuit filters: Jindal Photo to 10 percent, Future Retail DVR to 10 percent
  • Tata Elxsi: Announces September 19 as the record date for bonus issue
  • Government: Allows 300,000 tonne of sugar import at 25 percent duty for 60 days
  • SEBI: Seeks views on mandatory physical settlement of equity F&O

IPO

  • Dixon Technologies IPO Day 3. Issue subscribed 4.25 times at the end of Day 2.
  • Bharat Road Network IPO Day 3. Issue subscribed 0.69 times at the end of Day 2.
  • ICICI Lombard General Insurance IPO issue price at Rs 651 - Rs 661 per share.

Today’s Nifty Call

Stocks To Watch: Aditya Birla Capital, Biocon, Himachal Futuristic, Punj Lloyd

F&O Setup

  • Nifty Sep Futures closed with a premium of 24.7 points versus 19 points
  • Nifty Sep Futures open interest up 1 percent & Bank Nifty open interest up 6 percent
  • India VIX closed down 0.8 percent at 13
  • September series highest Call base at 10000 (open interest at 47 lakh, up 9 percent)
  • September series highest Put base at 9700 (open interest at 50.4 lakh, up 8 percent)
  • Call strikes 9900, 10,000, 10200 saw open interest addition
  • Put strikes 9700, 9800, 9900 saw open interest addition

Active Stock Futures

  • Cadila saw open interest addition of 31 percent on long side
  • VGuard saw open interest addition of 29 percent on long side
  • Nalco saw open interest addition of 17 percent on long side
  • Arvind saw open interest addition of 14 percent on long side
  • Tata Elxsi saw open interest addition of 13 percent on long side
  • ITC sees saw open interest addition of 11 percent on short side
  • Srei Infra saw open interest addition of 11 percent on short side
  • Raymond saw open interest addition of 11 percent on long side
  • Just Dial saw open interest shedding of 17 percent, long unwinding seen

F&O Ban

  • Indiabulls Real Estate
  • JSW Energy
  • Just Dial

Bulk Deals

Equitas Holdings

  • Morgan Stanley bought 1.03 crore shares or 3 percent stake at Rs 172 each
  • Cinnamon Capital sold 1.65 crore shares or 4.9 percent stake at Rs 172 each

Mayur Uniquoters

  • Kotak Funds – India Midcap Fund bought 15.50 lakh shares or 3.4 percent stake at Rs 360 each
  • L&T mutual fund bought 20 lakh shares or 4.4 percent stake at Rs 360 each.
  • Westbridge Crossover Fund LLC sold 29.72 lakh shares or 6.5 percent stake at Rs 360.02 each
  • Jwalamukhi Investment Holdings sold 17.50 lakh shares or 3.8 percent stake at Rs 360 each

Syngene International

  • Camas Investments PTE bought 47.85 lakh shares or 2.4 percent stake at Rs 461 each
  • Silver Leaf Oak (Mauritius) sold 47.84 lakh shares or 2.4 percent stake at Rs 461 each
  • GKW Ltd: IDBI bank sold 67,500 shares at Rs 433.79 each
  • Religare Enterprises: Yes Bank Sold 10.45 lakh shares or 0.6 percent stake at Rs 38.44 each
  • Himachal Futuristic Communications: GMO Emerging Markets Quality Fund bought 87.49 lakh shares or 0.7 percent stake at Rs 28.13 each

Earnings To Watch

  • Anuh Pharma
  • Asian Oilfields
  • Everest Kanto
  • Federal Mogul
  • Fortune Financial
  • Honda Siel
  • Hotel Leela
  • Kirloskar Electric
  • Kernex Micro
  • Linc Pens
  • Lambodhara Textiles
  • Omax Auto
  • Poddar Housing

Earnings Reaction To Watch

Shreyans Industries (Q1, YoY)

  • Revenue up 12 percent to Rs 113 crore
  • EBITDA grew 60 percent to Rs 12 crore
  • Margin stood expanded to 11.2 percent compared to 7.9 percent
  • Profit grew 75 percent to Rs 7 crore

Vaibhav Global (Q1, YoY)

  • Revenue up 5 percent to Rs 330 crore
  • EBITTDA grew 5.7 percent to Rs 18.5 crore
  • Margins flat at 5.6 percent
  • Profit went up 36.4 percent at Rs 15 crore

Global Vectra Helicorp (Q1, YoY)

  • Revenue up 5.3 percent to Rs 100 crore
  • EBITDA grew 13.3 percent to Rs 17 crore
  • Margin expanded to 17 percent compared to 15.8 percent
  • Profit down 50 percent to Rs 1 crore

Uttam Sugar (Q1, YoY)

  • Revenue grew 52.4 percent at Rs 375 crore
  • EBITDA went up 56.8 percent at Rs 58 crore
  • Margin expanded to 16.4 percent compared to 15.7 percent
  • Profit up 92 percent to Rs 23 crore

Action Construction Equipment (Q1, YoY)

  • Revenue went up 22.6 percent to Rs 201 crore
  • EBITDA fell 10 percent to Rs 9 crore
  • Margin narrowed to 4.8 percent compared to 6.5 percent
  • Profit grew 26.7 percent to Rs 3.8 crore

Brokerage Radar

  • Tata Motors: IDFC maintained their ‘Neutral’ stance with price target of Rs 404
  • Vedanta: JPMorgan maintained ‘Overweight’ on the stock with price target raised to Rs 350 from Rs 310
  • L&T: Citi reiterated its ‘Buy’ rating on the stock with price target hiked to Rs 1,452 from Rs 1,341
  • Glenmark Pharma: Credit Suisse retained its ‘Neutral’ rating with price target cut to Rs 650 from Rs 700
  • Sun TV: IIFL maintained an ‘Add’ rating with price target of Rs 892
  • Motherson Sumi: IIFL reiterated its ‘Buy’ rating with price target of Rs 350
  • SpiceJet: Edelweiss maintained its ‘Buy’ rating on the stock with price target hiked to Rs 150 from Rs 138

Hindalco

  • HSBC retained its ‘Buy’ rating with price target hiked to Rs 285 from Rs 240
  • JPMorgan maintained ‘Overweight’ on the stock with price target raised to Rs 270 from Rs 255

Media Reports

  • UCO Bank: To sell Rs 2,420 crore of bad loans. (Mint)
  • Havells: Looks to triple revenue to Rs 20,000 crore in next 5 years. (Mint)
  • Nitesh Estates: Abu Dhabi, GIC in fray for over Rs 600 crore Nitesh Estates subsidiary, Nitesh Hub. (Times of India)
  • Tata Motors: Plans global SUVs on JLR platform. (Times of India)
  • Bank of Baroda: Puts 275 properties on the block. (Economic Times)
  • Monsanto: Exits cotton seeds business in India. (Economic Times)
  • Idea Cellular: Brookfield joins race to buy Vodafone and Idea stakes in Indus Towers. (Economic Times)
  • Orient Green Power: Company's merger talks with IL&FS Wind hit a hurdle. (Economic Times)
  • Brookfield joins race to buy Vodafone and Idea Cellular's stakes in Indus Towers (Economic Times)
  • IDBI Bank seeks bids to sell 13.71 percent stake in Small Industries Development Bank of India (Financial Express)