Stocks To Watch: InterGlobe Aviation, Liberty Shoes, Sun Pharma, Tata Steel

The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index’s performance in India, gained 0.35 percent to 10,060.

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

Tata Steel

• Says U.K. regulator approved Regulated Apportionment Arrangement (RAA)
• As part of RAA, Tata Steel U.K. will pay £550 million to British steel pension scheme
• Thyssenkrupp says Tata Steel Europe merger deal may come in September (Manager Magazin)

InterGlobe Aviation

• To sell 3.35 crore equity shares
• Fresh issue of 2.23 crore shares and offer-for-sale by promoters of 1.12 crore shares

• Sun Pharma: Gets the U.S. FDA nod for Fenofibrate Oral Tablet
• Zee Entertainment: To launch premium HD English movie channel
• Andhra Bank: To cut rate on up to 50 basis points on Rs 50 lakh saving accounts from Friday
• Diamond Power, Kamat Hotel, Store One Retail, Adhunik Metaliks: Circuit filter revised to 10 percent
• SORIL Holdings & Ventures: Circuit filter revised to 5 percent
• Essar Oil: To shut its Vadinar refinery for two weeks (Reuters)

Other Corporate Announcements

• Bharti Airtel: Launches 4G VoLTE services in Mumbai, pan India rollout by March
• Electrosteel: CBI conducts raids at company’s offices
• GTL Infra: To consider allotment of equity shares upon conversion of FCCBs
• NTPC: Commissions 40MW of Rojmal wind energy project

Tanla Solution

• To allot 14.83 lakh equity shares to promoter Tanuja Reddy pursuant to conversion of warrants into equity
• Post allotment, her holding will increase by 0.94 percent to 30.08 percent from 29.14 percent

Crest Ventures

• Acquired 76,686 equity shares in Classic Mall development for Rs 12.68 crore
• Holding increased from 49 percent to 50 percent post acquisition
• Company had acquired 3.16 percent in Classic mall development on September 7 for Rs 43.50 crore

IPO

• Matrimony.com IPO subscribed 67 percent on Day 1
• Godrej Agrovet and SBI Life get SEBI approval for IPO

Today’s Nifty Call

F&O Setup

• Nifty September Futures closed with a premium of 20 points versus 15 points
• September Nifty Futures open interest up 2 percent, Bank Nifty open interest up 24 percent
• India VIX closed lower by 4.6 percent at 12.26
• September series highest Call base at 10000 (open interest at 38.8 lakh, down 18 percent)
• September series highest Put base shifts to 9900 (open interest at 56 lakh, up 8 percent)
• Call strikes 9,900, 9,950, 10,000 see open interest unwinding, 10150 and 10,200 see Open Interest addition
• Put strikes 9900, 10,000 see open interest addition

Active Stock Futures

• Bata India sees OI addition of 23 percent on long side
• Cadila Healthcare sees OI addition of 19 percent on short side
• Berger Paints sees OI addition of 17 percent on long side
• Torrent Pharma sees OI addition of 16 percent on short side
• IndusInd Bank sees OI addition of 15 percent on long side
• Petronet LNG sees OI addition of 15 percent on long side
• Siemens sees OI addition of 12 percent on long side
• GAIL sees OI addition of 11 percent on long side
• Chennai Petro sees OI addition of 11 percent on long side
• Jubilant Food sees OI addition of 9 percent on long side

F&O Ban

• DHFL
• Indiabulls Real Estate
• JP Associates
• JSW Energy
• Justdial

Bulk Deals

Liberty Shoes

• Equity Intelligence buys 3.21 lakh shares or 1.9 percent stake at Rs 235.48 each
• EQ India Fund bought 1.13 lakh shares or 0.7 percent stake at Rs 210.7 each
• Elsamma Joseph bought 1.25 lakh shares or 0.7 percent stake at Rs 23.06 each

Tata Coffee

• Equity Intelligence buys 10 lakh shares or 0.5 percent stake at Rs 150 each
• F Born AG sold 15 lakh shares or 0.8 percent stake at Rs 150.01 each

Repro India

• Promoters sell shares in the company:
• Tanya Vohra sold 55,000 shares or 0.5 percent stake at Rs 675 each
• Kunal Vohra sold 55,000 shares or 0.5 percent stake at Rs 675 each
• Trisha Vohra sold 55,000 shares or 0.5 percent stake at Rs 675 each
• Sanjeev Vohra sold 2.04 lakh shares or 1.9 percent stake at Rs 675.17 each
• Param Value Investments bought 2.75 lakh shares or 2.5 percent stake at Rs 675 each

• Omkar Specialty chemicals: Promoter Omkar Pravin Herlekar sold 2.45 lakh shares or 1.2 percent stake at Rs 87.97 each
• Vardhman Textiles: Mahavir Shares Trust sold 7 lakh shares or 1.2 percent stake at Rs 1,200 each
• 63 moons: Blackstone GPV Capital Partners (Mauritius) sold 11.24 lakh shares or 2.4 percent stake at Rs 70.3 each
• Minda Corp: Kotak India Growth Fund II sold 21.56 lakh shares or 1 percent stake at Rs 117.92 each

Movers & Shakers On NSE 500 This Month

Results Today

• ABM Knowledge
• Asahi Songwon Colours
• Future Ligfestyle Fashions
• Jet Air
• Kesar Terminals
• Orient Refractories
• Shemaroo
• Windsor Machines

Earnings Reaction To Watch

Neuland Labs (Q1, YoY)

• Revenue down 22.4 percent to Rs 117.5 crore
• EBITDA down 55.3 percent to Rs 10.5 crore
• Margin narrowed to 9.1 percent from 15.7 percent
• Profit down 75.8 percent to Rs 2.3 crore

Mawana Sugars (Q1, YoY)

• Revenue up 29.5 percent to Rs 436.5 crore
• EBITDA up 63 percent to Rs 37.5 crore
• Margin expanded to 8.6 percent from 6.9 percent
• Profit up 12 times to Rs 36 crore
• Aided by an extraordinary income of Rs 19 crore

Cochin Shipyard (Q1, YoY)

• Revenue up 34.6 percent to Rs 556 crore
• EBITDA up 12.9 percent to Rs 114 crore
• Margin narrowed to 20.5 percent from 24.5 percent
• Profit up 12.3 percent at Rs 91 crore

Indian Toners (Q1, YoY)

• Revenue down 21.4 percent to Rs 22 crore
• EBITDA down 33 percent to Rs 4 crore
• Margin narrowed to 18.2 percent from 21.4 percent
• Profit down 21.7 percent to Rs 3.6 crore

Multibase (Q1, YoY)

• Revenue up 33 percent to Rs 28 crore
• EBITDA up 25 percent to Rs 5 crore
• Margin narrowed to 20 percent from 21.1 percent
• Profit up 33 percent to Rs 4 crore

Andrew Yule (Q1, YoY)

• Revenue down 8.6 percent to Rs 64 crore
• EBITDA at (5 crore) from (2.5 crore)
• Margin at (7.8 percent) from (3.6 percent)
• Net loss of Rs 6 crore

Brokerage Radar

• Coal India: Morgan Stanley retained its 'Underweight' rating with price target of Rs 221
• HUL: Jefferies maintained a 'Buy' on the stock with price target hiked to Rs 1,320 from Rs 1,150

Tata Steel

• Morgan Stanley maintained its 'Overweight' rating on the stock with price target of Rs 741
• HSBC reiterated its 'Buy' rating with price target of Rs 750

IndusInd Bank

• JPMorgan maintained 'Overweight' on the stock and hiked price target to Rs 1,975 from Rs 1,675
• Macquarie retained its 'Outperform' rating with price target of Rs 1,625
• UBS maintained its 'Neutral' stance with price target of Rs 1,800
• Deutsche Bank maintained its ‘Buy’ on the stock with price target of Rs 1,850