Stocks To Watch: Apollo Tyres, Hero MotoCorp, Hatsun Agro, Natco Pharma

The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index’s performance in India gained 0.17 percent to 9,891 as of 7:30 am

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

• Natco Pharma: Mylan gets U.S. FDA nod for 20 mg and 40 mg version of Copaxone
• Oil companies: Government cuts excise duty rate on petrol and diesel by Rs 2 per litre
• Hero MotoCorp: Posts record monthly sales of 7,20,739 units in September
• Apollo Tyres: Institutional shares sale to raise Rs 1,200 crore with a greenshoe option of Rs 300 crore opens
• Ricoh India: Says NCLT rejected FDS' petition under the Bankruptcy Code
• Indian Overseas Bank: Revises savings bank interest rate by 50 basis points
• Cyient: Signed an in-software licensing pact with Elpis Squared
• Ahluwalia Contracts: Bagged construction and redevelopment orders worth Rs 555.77 crore
• Info Edge India: Zomato waives reservation fees from restaurants
• Greaves Cotton: Partnered with Altigreen Propulsion Labs to deliver clean energy solutions
• Mandhana Industries: Says NCLT’s Mumbai bench initiated insolvency proceedings against the company
• Bombay Rayon Fashions: To allot 1.93 crore shares to State Bank under S4A scheme
• L&T Infotech: Clarifies that the $100 million contract from CBDT was received in July, 2016
• Majesco: launched version 10 of the Majesco P&C Suite

Other Corporate Announcements

• Mahanagar Gas: Raises CNG, PNG prices in Mumbai by nearly 4 percent
• Shree Pushkar Chemicals and Fertilisers: Shareholders approve issuing equity shares to promoters on preferential basis
• Ducon Infra Technologies: Bags award worth Rs 50 crore from the Madhya Pradesh government
• Power Finance Corporation: Board approves merger with subsidiary PFC Green Energy Ltd
• IFCI: To close its Chandigarh regional office and transfer all business to Delhi regional Office with effect from November 1

LT Foods

• To raise Rs 500 crore by issuance of securities
• Board approves hike in FII/FPI holding to 24 percent

IPO Watch

• Godrej Agrovet IPO opens with a price band of Rs 450-460
• The company allotted 7.42 million shares to anchor investors ahead of the IPO

• State-run General Insurance Corporation’s IPO opens Oct 11, ends Oct 13

Today’s Nifty Call

F&O Setup

• Nifty October Futures trading with a premium of 8.9 points versus 12 points at 9859.5
• October Futures: Nifty open interest up 4 percent; Bank Nifty open interest rose 2 percent
• India VIX closed lower by 0.2 percent at 12.46
• October series highest Call base at 10,000 (open interest at 46.5 lakh shares, down 4 percent)
• October series highest Put base at 9,700 (open interest at 39.7 lakh, up 13 percent)
• October call strikes 9,700, 9,800, 10,000 saw unwinding
• October put strikes 9,700, 9800 and 9,900 saw open interest addition

Active Stock Futures

• Powergrid saw open interest addition of 25 percent on short side
• GAIL saw open interest addition of 21 percent on long side
• Voltas saw open interest addition of 16 percent on long side
• Infratel saw open interest addition of 14 percent on long side
• Dish TV saw open interest addition of 11 percent on short side
• Hindustan Zinc saw open interest addition of 10 percent on long side
• Reliance Capital saw open interest addition of 9 percent on short side
• PC Jeweller saw open interest addition of 9 percent on long side

F&O Ban

• Indiabulls Real Estate
• JSW Energy

Bulk Deals

Hatsun Agro Products: SBI Mutual Fund bought 10.50 lakh shares, or 0.69 percent stake, at Rs 700 each

Brokerage Radar

• Ratnamani Metals & Tubes: ICICIdirect initiated coverage on the stock with a ‘Buy’ rating and price target of Rs 1,050
• Adani Ports & SEZ: Nomura maintained ‘Reduce’ on the stock with price target hiked to Rs 319 from Rs 234
• ITC: CLSA upgraded stock rating to ‘Buy’ from ‘Underperform’ and hiked price target to Rs 310 from Rs 285
• HDFC Bank: Macquarie reiterated its ‘Outperform’ rating with price target of Rs 1,890

Coal India

• Morgan Stanley maintained its ‘Underweight’ rating with price target of Rs 221
• Nomura retained its ‘Neutral’ stance on the stock with price target of Rs 260