Stocks To Watch: GAIL, Godrej Properties, SBI, Titan

The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index’s performance in India, gained 0.33 percent to 9,769 as of 7:20 a.m.

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

• Titan: Says operational performance in second quarter was close to expectation
• GAIL: Petroleum and Natural Gas Regulatory Board (PNGRB) has put up a consultation document on unified pipeline tariff proposing a 60 percent hike in tariff by GAIL
• State Bank of India: To cut base rate by 5 basis points to 8.95 percent from Sunday
• NTPC: To start commercial operations of 500 MW unit at Feroze Gandhi Uchahar Thermal Power Station
• Infosys: Says Mediterranean Bank upgraded Finacle's lending module
• HCC: Lavasa lenders to invoke strategic debt restructuring
• Godrej Properties: Acquired new project in Bengaluru, which is expected to offer 4.7 million square feet
• Vakrangee: Promoters hike stake in company to 41.72 percent from 41.59 percent
• Shreyas Shipping: Signed memorandum of association for acquiring one multipurpose vessel and one container vessel
• Loveable Lingerie: Board to consider share buyback proposal on October 6
• EPC Industries: Says sales volume of micro irrigation products declined after July
• IMFA: To merge two group units with itself

Other Corporate Announcements

• Indian IT stocks: Accenture’s fourth quarter results ahead of consensus expectations at the upper end of guidance
• Premier Polyfilm: Circuit filter revised to 10 percent
• Nagarjuna Agrichem: Company name changed to NACL Industries

Today’s Nifty Call

F&O Setup

• Nifty October Futures trading with a premium of 18 points versus 36.6 points at 9,787
• Rollover: Nifty at 70 percent, Bank Nifty at 64 percent
• India VIX closed 5 percent lower at 13.17
• October series highest Call base at 10,000 (open interest at 40.6 lakh shares, up 26 percent)
• October series highest Put base at 9700 (open interest at 29.9 lakh shares, up 14 percent)
• September call strikes 9700, 9800, 10,000 saw open interest addition
• September put strikes 9500, 9600 saw open interest addition

Active Stock Futures

• TV18 Broadcast: Saw open interest addition of 66 percent on long side
• KPIT: Saw open interest addition of 53 percent on long side
• Siemens: Saw open interest addition of 28 percent on short side
• Bosch: Saw open interest addition of 17 percent on short side
• Balrampur Chini: Saw open interest addition of 16 percent on short side
• Ashok Leyland: Saw open interest addition of 14 percent on long side
• PC Jeweller: Saw open interest addition of 13 percent on short side
• Titan: Saw open interest addition of 11 percent on short side

F&O Ban

No stocks in F&O ban list

Bulk Deals

• Tata Motors DVR: SBI MF sold 32.66 lakh shares, or 0.64 percent stake at Rs 221.31 apiece
• Equitas Holdings: BNP Paribas Arbitrage sold 32 lakh shares, or 0.95 percent stake, at Rs 151.92 apiece

Periodic Changes In Nifty

NIfty Inclusion:

• Bajaj Finance
• Hindustan Petroleum
• United Phosphorus

Nifty Exclusion:

• ACC
• Bank of Baroda
• Tata Power
• Tata Motors-DVR

Brokerage Radar

• PNB Housing Finance: Motilal Oswal initiated coverage on the stock with a ‘Buy’ rating and price target of Rs 1,675
• Apollo Hospitals: Kotak Securities maintained ‘Reduce’ on the stock with price target cut to Rs 1,050 from Rs 1,190
• Ambuja Cements: Deutsche Bank reiterated its ‘Hold’ on the stock with price target of Rs 250
• ICICI Bank: Kotak Securities maintained its ‘Buy’ rating with price target of Rs 370
• Dr. Reddy’s: Credit Suisse maintained an ‘Underperform’ on the stock with price target cut to Rs 1,950 from Rs 2,200

Titan

• JPMorgan maintained ‘Buy’ on the stock with price target of Rs 620
• CLSA retained its ‘Buy’ rating on Titan with price target of Rs 700
• Motilal Oswal maintained its ‘Neutral’ stance with price target hiked to Rs 590 from Rs 565

Media Reports

• LIC Housing Fin: Sells 2.27 percent stake in Reliance Infrastructure. (Mint)
• ICICI Bank: Announces cashback scheme for home loan borrowers. (Mint)
• Varun Beverages: Bags Pepsico rights in Madhya Pradesh and Orissa. (Business Standard)
• IRB Infra: Transfers highway project to IRB InvIT. (Financial Express)
• Bharti Airtel: Bharti and Idea Cellular move Bombay High Court against new IUC norms. (Financial Express)
• TVS Motors: Granted patent for device that avoids battery drain. (Financial Express)
• Bank of Baroda: BoB cuts base rate to 9.15 percent from October 1. (Financial Express)
• Indian Overseas Bank: IOB sells Essar Steel bad debt to Edelweiss ARC. (Business Line)
• Mahindra & Mahindra: Rolls out Bolero Maxitruck Plus. (Business Line)
• Orient Cements: SCR inks pact with Orient Cements. (Business Line)
• HIL: To launch Rs 130 crore pipes, fittings plants in April. (Business Line)
• Sterlite Tech: In talks to deploy 5G-ready OFC in Mumbai. (Business Line)