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Stocks To Watch: BPCL, InterGlobe Aviation, Jubilant Foodworks, Sobha, Tata Chemicals 

The Singapore-traded SGX Nifty, an indicator of Nifty’s performance was little changed at 10,099.

A trader signals a contract price during trading in Taiwanese stock index futures. (Photographer: Jonathan Drake/Bloomberg News)
A trader signals a contract price during trading in Taiwanese stock index futures. (Photographer: Jonathan Drake/Bloomberg News)
  • Oil marketing companies in focus as government clarifies its non-interference stance in pricing
  • Tata Chemicals to sell its Phosphatic fertiliser business to Indorama Holdings BV, Netherlands for Rs 400-500 crore
  • InterGlobe Aviation QIP to open on September 15 at price band of Rs 1,125 to Rs 1,175 per share
  • Jubilant Foodworks clarifies and says all its food ingredients safe to consume
  • Sobha to buy back up to 1.46 million shares at Rs 425 each
  • HEG: Jefferies initiated coverage on the stock with a ‘Buy’ rating and price target of Rs 1,050

The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index’s performance in India was little changed at 10,099

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

  • Tata Chemicals: To sell its Phosphatic fertiliser business to Indorama Holdings BV, Netherlands for Rs 400-500 crore
  • Interglobe Aviation: QIP to open on September 15 with price band fixed at Rs 1,125 to Rs 1,175 per share
  • Jubilant Foodworks: Clarifies that its food ingredients are safe to consume
  • Wipro: To partner with Rebuild Texas Fund to help in the recovery and rebuilding efforts in Texas
  • Strides Shasun: Receives the U.S. FDA approval for Potassium Citrate Extended-Release tablets
  • Puravankara: Aims to sell 1,000 residential units online
  • Sobha: To buy back up to 1.46 million shares at Rs 425 each
  • Borosil Glass Works: Ex-date for stock split from Rs 10 to Re1 per share
  • Aditya Birla Capital: Last day of trade in T group, to be shifted to B group with effect from September 15
  • Sintex Plastic: New 1.55 crore equity shares will list today (conversion against FCCB)
  • Jaypee Power: Eleven buyers -- including Adani Power, Tata Power, JSW Energy -- show interest in buying the company (Business Standard)

Other Corporate Announcements

  • V2 Retail: Opens store in Haridwar, Uttarakhand. Total number of stores increases to 41
  • Himachal Futuristic: Exits CDR mechanism
  • Persistent Systems: Partners with Ohio Dept of Commerce
  • GOCL Corp: Board approves merger of two subsidiaries with self
  • Bharat Gear: Board to consider issue of equity shares to promoters at its meeting on 18th September
  • Reliance Communications: Ericsson India filed insolvency case against company for recovery of Rs 491.41 crore
  • India Cements: Says NCLAT approves merger of subsidiaries Trinetra cement and Trishul Concrete Products with self
  • Thermax: Bags EPC order worth $43 million from UAE cement company

IPO Watch

  • Matrimony.com Limited IPO closed with issue subscribed 4.2 times
  • Capacit'e Infraprojects IPO day 2, with issue subscribed 1.3 times so far

Today’s Nifty Call

Stocks To Watch: BPCL,  InterGlobe Aviation, Jubilant Foodworks, Sobha, Tata Chemicals 

F&O Setup

  • Nifty September Futures closed with a premium of 12 points from 15 points
  • September Nifty Futures open interest up 3 percent; Bank Nifty open interest down 5 percent
  • India VIX closed flat-to-negative at 11.7
  • September series highest Call base at 10,200 (open interest at 41.2 lakh, up 7 percent )
  • September series highest Put base at 9,900 (open interest at 60.6 lakh, down 4 percent)
  • Call strikes 10,100 , 10,200 see open interest addition and unwinding for 10,000
  • Put strikes 10000, 10,100 see open interest addition

Active Stock Futures

  • Jubilant Food sees open interest addition of 27 percent on short side
  • Concor sees open interest addition of 18 percent on short side
  • Torrent Power sees open interest addition of 16 percent on short side
  • BPCL sees open interest addition of 15 percent on short side
  • Divis Lab sees open interest addition of 15 percent on long side
  • Apollo Hospitals sees open interest addition of 15 percent on short side
  • Reliance Capital sees open interest addition of 11 percent on short side
  • Wockhardt sees open interest addition of 9 percent on long side
  • Voltas sees open interest shedding of 9 percent, long unwinding seen

F&O Ban

  • DHFL
  • Indiabulls Real Estate
  • JP Associates
  • JSW Energy
  • Wockhardt Pharma

Bulk Deals

  • Gammon Infrastructure: Promoter Gammon Power sold 2 crore shares or 2.1 percent stake at Rs 3.15 each
  • IDFC: Birla Mutual Fund sold 88 lakh shares or 0.6 percent stake at Rs 59.78 each

Earnings To Watch

  • Arvee Denims
  • Autoline Industries
  • Balkrishna Paper
  • BF Utilities
  • Chartered Logistics
  • Fineotex Chemicals
  • Goodluck India
  • Kesoram
  • Lincoln Pharma
  • OK Play
  • Talwalkars
  • Vadilal Industries
  • Veto Switch

Earnings Reaction To Watch

ISMT (Q1, YoY)

  • Revenue up 8.8 percent to Rs 308 crore
  • EBITDA up 69 percent to Rs 13.5 crore
  • Margin expanded to 4.8 percent from 3.1 percent
  • Net loss of Rs 64 crore from a loss of Rs 76 crore

Sandur Manganese (Q1, YoY)

  • Revenue up 45 percent to Rs 129 crore
  • EBITDA at Rs 27.5 crore
  • Margin expanded to 22 percent from 8 percent
  • Profit up 236 percent to Rs 18.5 crore

WPIL (Q1, YoY)

  • Revenue up 81 percent to Rs 76 crore
  • EBITDA up 33 percent to Rs 8 crore
  • Margin narrowed to 10.8 percent from 15 percent
  • Profit up 67 percent to Rs 5 crore

Walchandnagar Industries (Q1, YoY)

  • Revenue up 17.5 percent to Rs 94 crore
  • EBITDA up 36 percent to Rs 19 crore
  • Margin expanded to 21.6 percent from 18.2 percent
  • Net loss of Rs 8.5 crore from a loss of Rs 13 crore

CMI (Q1, YoY)

  • Revenue up 65.5 percent to Rs 144 crore
  • EBITDA doubles to Rs 18 crore
  • Margin expanded to 13.6 percent from 11.7 percent
  • Profit at Rs 6 crore

Kopran (Q1, YoY)

  • Revenue down 19 percent to Rs 51 crore
  • EBITDA down 12.5 percent to Rs 3.5 crore
  • Margin expanded a little to 6.9 percent from 6.3 percent
  • Profit down 50 percent to Rs 1 crore

Lovable Lingerie (Q1, YoY)

  • Revenue down 9.7 percent to Rs 60.5 crore
  • EBITDA down 33 percent to Rs 8 crore
  • Margin narrowed to 13.2 percent from 17.9 percent
  • Profit down 50 percent to Rs 6 crore

Minda Corp (Q1, YoY)

  • Revenue up 19 percent to Rs 623 crore
  • EBITDA down 10.2 percent to Rs 44 crore
  • Margin narrowed to 7.6 percent from 10 percent
  • Profit down 9.8 percent to Rs 23 crore

Brokerage Radar

  • Sun Pharma: Credit Suisse upgraded stock rating to ‘Outperform’ from ‘Neutral’ and hiked price target to Rs 595 from Rs 490
  • Apollo Hospitals: CLSA maintained its ‘Buy’ rating with price target cut to Rs 1,400 from Rs 1,480
  • Larsen & Toubro: Citi retained its ‘Buy’ rating with price target of Rs 1,452
  • Axis Bank: Deutsche Bank upgraded stock to ‘Buy’ from ‘Hold’ and hiked price target to Rs 600 from Rs 560
  • Jubilant Foods: Deutsche Bank maintained its ‘Buy’ rating on the stock with price target of Rs 1,450
  • HEG: Jefferies initiated coverage on the stock with a ‘Buy’ rating and price target of Rs 1,050
  • Graphite India: Jefferies initiated coverage on the stock with a ‘Buy’ rating and price target of Rs 342

Media Reports

  • Religare: Institutional shareholders move court seeking ouster of Board. (Economic Times)
  • Bharti Airtel: To tap SK Telecom’s technology expertise. (Economic Times)
  • SBI: Plans to list two regional rural banks. (Economic Times)
  • Hindalco: May prepay debt up to Rs 1,100 crore this year. (Economic Times)
  • BPCL: To invest Rs 1.08 lakh crore in 5 years to expand business operations. (Mint)
  • Lupin: Scales down new drug unit, lays off 52 people. (Business Standard)
  • Titan: Titan EyePlus to start making frames from December. (Business Standard)
  • Coal India: To enter new mining areas, says official. (PTI)