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Stocks To Watch: Dr. Reddy’s, Deepak Fertilizer, GSK Pharma, Shoppers Stop
SGX Nifty fell 0.05 percent to 9,979 as of 7:20 am indicating
25 Sep 2017, 09:35 AM IST 
Signage for the Bombay Stock Exchange (BSE) is Displayed Next to a Bronze Bull Statue at the Entrance to the BSE Building in Mumbai (Photographer: Dhiraj Singh/Bloomberg)
- GlaxoSmithKline Pharma board approves sale of 60 acre land in Thane to Oberoi Realty
- Shoppers Stop board agrees to sell 5 percent of shares to Amazon unit
- Dr. Reddy’s says audit of Srikakulam plant completed, got EIR from U.S. FDA
- Deepak Fertilisers to set up an IPA plant for Rs 450 crore at Taloja
- Ashok Leyland targets to sell 40,000 LCVs this fiscal and expects to export 4,000 LCVs of it, President Seth says (Bloomberg)
- Aditya Birla Group is readying a bid for aluminium maker Aleris Corp (Mint)
The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index’s performance in India, was little changed at 9,985 as of 7:30 a.m.
Here are the stocks to watch out for in today’s session:
- Usha Martin: Clarified that it is indeed considering the sale of its wire and wire rope business with a view to reduce its debt
- VST Tillers: Entered into an agreement with Kukje Machinery Co., Korea to avail the required technology for manufacture of higher horse power tractors
- Godrej Industries: Godrej and Astec Life in focus as Godrej Agrovet IPO opens on October 4
- Lakshmi Vilas Bank: To approve fundraising via rights issue
- R Systems: To issue 2.97 crore shares to shareholders of GM solutions as per the terms of the agreement
- MTNL: Staff protests over firm's revival and wage revision issues
- GlaxoSmithKline Pharma: Board approves sale of 60 acre land in Thane to Oberoi Realty for Rs 555 crore
- Tata Global Beverages: Incorporates subsidiary, Coffee Trade LLC in Russia
- Indian Hotels Company: Rights Issue to open on October 13, with issue price set at Rs 75 each and rights entitlement ratio of 1:5
- Shilpi Cables: Consolidates production unit of Hosur into Bhiwadi for better control over production and quality
- Deepak Fertilisers and Petrochemicals: To set up an Is Propyl Alcohol (IPA) plant at Taloja for an investment of Rs 450 crore
Other Corporate Announcements
- Hi-Tech Gear: Incorporates subsidiary in the U.S.
- Nucleus Software: To launch a semi-closed PPI wallet service “PaySe”
- IG Petrochemicals: Board approves expansion of Phthalic Anhydride plant and foray into downstream products
- Quess Corp: Launched mobile based digital paperless onboarding platform (POP)
- Beardsell Ltd.: Repaid Rs 1.8 crore of its long-term debt prior to maturity
- Aditya Birla Fashion and Retail: Clarified that news item with respect to shutting down online fashion business does not pertain to the company
- NCL Industries: To set up a unit for manufacture of readymade doors at a cost of Rs 38 crore
- Orchid Pharma: Circuit filter limit revised to 10 percent
- ITI Ltd.: Circuit filter limit revised to 10 percent
- Amsons Apparels: Circuit filter limit revised to 10 percent
- Sri Adhikari Brothers: Circuit filter limit revised to 5 percent
Today’s Nifty Call
IPO Watch
- Prataap Snacks: IPO Day 2, issue subscribed 0.43 times at the end of Day 1
- SBI Life Insurance: IPO Day 3, issue subscribed 3.6 times on the final day, with HNI and Retail segments partially subscribed
Capacit'e Infraprojects
- Construction company will make a debut on exchanges on September 25. The issue price is fixed at Rs 250 per share.
- The issue was subscribed 183 times with HNI category subscribed 638 times
F&O Setup
- Nifty September Futures closed with a premium of 18.5 points from 16.9 points
- September Nifty Futures Open Interest down 1 percent and Bank Nifty Open Interest down 12 percent
- India VIX closed higher by 10 percent at 12.8
- September series highest Call base at 10,200 (Open Interest at 64.4 lakh, up 25 percent)
- September series highest Put base shifts to 9,900 (Open Interest at 42.1 lakh, down 22 percent)
- Call strikes 10,000, 10,100, 10,200 see Open Interest addition
- Put strikes 9900, 10,000, 10,100 and 10,200 see Open Interest unwinding
Active Stock Futures (September Series)
- HCC sees Open Interest addition of 13 percent on short side
- Reliance Capital sees Open Interest addition of 12 percent on short side
- Canara Bank sees Open Interest addition of 12 percent on short side
- Union Bank sees Open Interest addition of 9 percent on short side
- IDFC bank sees Open Interest addition of 9 percent on short side
- Torrent Pharma sees Open Interest shedding of 18 percent, long unwinding seen
- Divi's Lab sees Open Interest shedding of 18 percent, long unwinding seen
- Wockhardt sees Open Interest shedding of 16 percent, long unwinding seen
F&O Ban
- Bharat Earth Movers
- DHFL
- DLF
- HDIL
- Indiabulls Real Estate
- Indo Count Industries
- India Cements
- Infibeam
- JSW Energy
- Reliance Communications
- Wockhardt
Bulk Deals
- A2Z Infra Engineering: IL&FS Financial Services sold 33.96 lakh shares or 2.3 percent stake at Rs 40.5 (average) each
- Matrimony.com: BNP Paribas Arbitrage sold 1.40 lakh shares at Rs 817.73 each
- Bharat Road Network: Corporation San Finance bought 8.77 lakh shares at Rs 189.81 each
Vipul Ltd
- Acme resources sold 6.50 lakh shares or 0.5 percent stake at Rs 89.6 each
- CEA Consultants Pvt. Ltd. bought 6.50 lakh shares or 0.5 percent stake at Rs 89.6 each
Brokerage Radar
- Godrej Consumer: Credit Suisse upgraded stock rating to ‘Outperform’ from ‘Neutral’ and hiked price target to Rs 1,100 from Rs 1,000
- NTPC: CLSA maintained its ‘Buy’ rating on the stock with price target hiked to Rs 200 from Rs 186
- Cadila: IIFL downgraded stock rating to ‘Reduce’ from ‘Add’ and cut price target to Rs 400 from Rs 460
Oberoi Realty
- JPMorgan retained its ‘Overweight’ on the stock with price target of Rs 440
- CLSA maintained ‘Buy’ on the stock with price target hiked to Rs 516 from Rs 484
