Stocks To Watch: Tata Chemicals, Dr. Reddy’s, Tata Motors, NBCC

The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index’s performance in India, was little changed at 10,101.

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

• Capital First: Overseas investment limit raised to 50 percent from 24 percent
• Tata Motors: Global Wholesales up 9 percent year-on-year to 94,210 in August
• Dr Reddy’s: Unit Aurigene and Curis announce the start of Phase 2 trials of its CA-170 program
• S H Kelkar: Board approves acquisition of VN Creative Chemicals
• Wipro Lighting: Concludes agreement with pureLiFi
• NBCC: Signs pact with Belarus’ BZS for infrastructure, energy projects
• Shree Pushkar: Board meet on 3rd Oct to consider preference shares to promoters
• Indian Bank: To appoint merchant banker for stake dilution (PTI)

Other Corporate Announcements

• Mindtree: Opened first innovation hub in the U.S.
• Lanco Infratech: Company said that the news of it leaving the realty business is speculative
• Piramal Enterprises: To raise Rs 600 crore by issuing non convertible debentures on private placement basis
• Tata Chemicals: To sell 4.31 crore shares of Tata Global Beverages to Tata Sons
• Tata Global Beverages: To sell 1.05 crore shares of Tata Chemicals to Tata Sons
• Rane Holding: Acquired 10.96 lakh shares in Rane Madras at Rs 547 each, increasing its holding to 60.44 percent post acquisition

IPO Watch

• Matrimony IPO Day 3. Issue subscribed 1.36 times
• Capacit'e Infraprojects IPO opens. Issue price Rs 245 - Rs 250
• SBI Life IPO to open on September 20, and close on September 22. Price band set at Rs 685- Rs 700 per share
• Bandhan Bank appoints five merchant bankers for proposed IPO

Today’s Nifty Call

F&O Setup

• Nifty September Futures closed with a premium of 15 points versus 20 points
• September Nifty Futures open interest up 1 percent , Bank Nifty open interest up 7 percent
• India VIX closed lower by 4.8 percent at 11.7
• September series highest Call base shifts to 10,200 (open interest at 38.3 lakh, up 5 percent )
• September series highest Put base at 9,900 (open interest at 63 lakh, open interest up 13 percent)
• Call strikes 9,900,10,000 see open interest unwinding, 10,200 sees open interest addition
• Put strikes 10,000, 10,100, 10,200 see open interest addition

Active Stock Futures

• Voltas sees open interest addition of 29 percent on long side
• Havells sees open interest addition of 19 percent on long side
• Indigo sees open interest addition of 17 percent on short side
• ACC sees open interest addition of 13 percent on long side
• Manappuram sees open interest addition of 13 percent on long side
• NBCC sees open interest addition of 11 percent on long side
• NCC sees open interest addition of 11 percent on long side
• IGL sees open interest addition of 11 percent on long side
• JSW Energy sees open interest shedding of 7 percent, short covering seen

F&O Ban

• DHFL
• Indiabulls Real Estate
• JP Associates

Bulk Deals

• SP Apparels: Scottish Oriental Smaller Companies Trust plc bought 4.87 lakh shares or 1.9 percent stake at Rs 411.1 (average)
• Nath Bio Gene Ltd: Satpal Khattar bought 2 lakh shares or 1.25 percent stake at Rs 406.5 (average) each
• Omkar Speciality Chemicals: Promoter Omkar Herlekar sold 1.65 lakh shares or 0.8 percent stake at Rs 87.75 each

ADF Foods

• Promoter Ashok Thakkar sold 3.50 lakh shares or 1.7 percent stake at Rs 225.06 each
• Held 4.61 lakh shares or 2.18 percent stake as per June filing

Results Today

• AXISCADES Engineering
• Cheviot
• CMI
• Hindustan Motors
• ISMT
• ITI
• Kopran
• Lovable Lingerie
• Minda Corp
• Sandur Manganese
• STC
• Suprajit Engg
• TRIL
• WPIL
• Walchandnagar Inds

Earnings Reaction To Watch

Future Lifestyle Fashions (Q1, YoY)

• Revenue up 28.8 percent to Rs 1,032 crore
• EBITDA up 15.5 percent to Rs 85.5 crore
• Margin narrowed to 8.3 percent from 9.2 percent
• Profit up 30.6 percent Rs 23.5 crore from Rs 18 crore

Shemaroo (Q1, YoY)

• Revenue up 8 percent to Rs 104 crore
• EBITDA up 10 percent to Rs 33 crore
• Margins at 31.7 percent from 31.3 percent
• Profit up 14 percent to Rs 16 crore

Asahi Songwon Colours (Q1, YoY)

• Revenue down 5.8 percent at Rs 65 crore
• EBITDA down 50 percent at Rs 6 crore
• Margin narrowed to 9.4 percent from 17.6 percent
• Profit down 25 percent to Rs 3 crore

Jet Airways (Q1, YoY)

• Revenue up 9.9 percent at Rs 5,649 crore
• EBITDAR down 15 percent to Rs 716 crore versus Rs 838 crore
• EBITDAR margin contracted to 13 percent versus 16 percent
• Profit up 106 percent to Rs 53.5 crore

Kesar Terminals (Q1, YoY)

• Revenue down 4.5 percent at Rs 10.7 crore
• EBITDA down 20.6 percent at Rs 5.4 crore
• Margin narrowed to 50.5 percent from 60.7 percent
• Profit down 38 percent to Rs 3.7 crore

Mandhana Retail (Q1, YoY)

• Revenue up 46.8 percent to Rs 71 crore
• EBITDA down 11.5 percent to Rs 4.6 crore
• Margin at 6.5 percent versus 10.8 percent
• Net profit down 14.3 percent at Rs 2.4 Crore versus Rs 2.8 Crore

Brokerage Radar

• TCS: UBS maintained its 'Buy' rating with price target of Rs 2,800
• GAIL India: BoFAML retained its 'Underperform' rating on the stock with price target of Rs 302
• HPCL: Jefferies resumed coverage on the stock with an 'Underperform' rating and price target of Rs 400
• Indian Oil: Jefferies resumed coverage on the stock with a 'Buy' rating and price target of Rs 500
• BPCL: Jefferies resumed coverage on BPCL with an 'Underperform' rating and price target of Rs 425