Stocks To Watch: Adani Enterprises, OBC, SPARC, Zee Entertainment

The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index’s performance in India, fell 0.45 percent to 9,975 as of 7:30 a.m.

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

Reliance Industries

• To sell Pennsylvania upstream assets for $126 million to BKV Chelsea
• Deal likely to close by end of third quarter of financial year 2017-18

• Oriental Bank of Commerce: RBI has put the bank under Prompt Corrective Action in view of high net non-performing assets
• Jaiprakash Associates: Company to demerge some of its assets to a wholly-owned subsidiary along with a debt of Rs 11,834 crore
• SPARC: Said it didn't reach statistical significance for Baclofen GRS studies
• Zee Entertainment: To acquire 100 percent stake in 9XM and INX for Rs 160 crore
• Adani Enterprises: To demerge its renewable power business to associate company Adani Green Energy
• Shilpa Medicare: Gets the U.S. FDA EIR for Telangana facility
• Mindtree: Board approves Scheme of amalgamation of Magnet 360, LLC with self; subject to necessary approvals from NCLT
• Arrow Greentech: Received patent rights from European Patent Authorities
• SPML Infra: Completed installation of 220 KV GIS substation at Alipurduar, West Bengal
• Cadila Healthcare: Gets final approval from the U.S. FDA for Dutasteride Capsules
• Texmo Pipes and Products: Issued 12 lakh equity shares for Rs 22 each to Promoters Shree Padmavati Irrigation Pvt. Ltd.
• Shoppers Stop: Sold its entire stake in duty free airport retail business for Rs 6 crore to Nuance Group AG, Switzerland
• Apollo Tyres: To allot 6.3 crore equity shares at Rs 238 each via QIP
• TCS: Clarified that there has been no impact of the purported data breach
• Gujarat Alkalies and Chemicals: Said CCI imposed a penalty of Rs 1.88 crore
• Lovable Lingerie: To buy back 20 lakh shares at a price of Rs 250 each
• Repro India: Approved fundraising by issuing shares or warrants to investors other than promoters worth Rs 80 crore

Other Corporate Announcements

• Goa Carbon: Sold 22,419.718 MT of calcined petroleum coke for September, up 7.5 percent from August
• Jay Bharat Maruti: IT raids at several premises of Jai Bharat Maruti Group across national capital region
• India Glycols: Formed a committee to evaluate options for sale of its subsidiary Shakumbari Sugar and Allied Industries
• JMC Projects: Subsidiary wins an arbitration award of Rs 42.26 crore
• VA Tech Wabag: Company has filed an appeal with the National Company Law Appellate Tribunal against the order passed by NCLT for initiation of corporate insolvency resolution process
• Motherson Sumi Systems: PKC has now become a wholly-owned indirect subsidiary
• Bank of Maharashtra: Marginal cost of lending rate (MCLR) unchanged
• Reliance Communications: Tech Mahindra filed insolvency petition against the company and two of its subsidiaries for total pending dues of Rs 8.2 crore
• Punjab & Sind Bank: Lowers one year MCLR by 10 basis points to 8.45 percent
• Apex Frozen Foods: Apex Frozen Foods, Bombay Dyeing, Graphite India and HFCL’s circuit filter revised to 5 percent
• AB Money: AB Money, Castex Technologies, HEG, Pincon Spirits, Religare Enterprises, Shalimar Paints and Ramky Infra’s circuit filter revised to 10 percent
• Reliance Home Finance: Shifted to Group B, with circuit filter revised to 20 percent
• Heritage Foods: Last trading day before stock split from Rs10 to Rs5 per share
• Majestic Research: Last trading day before 1:1 bonus

IPO Watch

• MAS Financial Services: IPO Day 2, Issue subscribed 1.06 times on Day 1
• Indian Energy Exchange: IPO opens with Issue price of Rs 1645-Rs 1650
• Godrej Agrovet: IPO subscribed 95.1 times at the end of IPO

F&O Setup

• Nifty October Futures closed with a premium of 23.7 points versus 20 points at 10,003.4
• October Futures-Nifty Open Interest unchanged, Bank Nifty Open Interest down 7 percent
• India VIX closed lower by 5 percent at 11.1
• Octobwe series highest Call base at 10,000 (Open Interest at 40.8 lakh, down 15 percent)
• October series highest Put base at 9,800 (Open Interest at 53.6 lakh, Open Interest up 15 percent)
• October call strikes 9900, 10,000 see Open Interest unwinding
• October put strikes 9800, 9900 and 10,000 see Open Interest addition

Active Stock Futures

• Granules sees Open Interest addition of 18 percent on long side
• GAIL sees Open Interest addition of 16 percent on long side
• Tata Steel sees Open Interest addition of 11 percent on long side
• Reliance Cap sees Open Interest addition of 10 percent on short side
• Strides Shashun sees Open Interest addition of 9 percent on short side
• South Indian Bank sees Open Interest addition of 9 percent on long side
• ACC sees Open Interest shedding of 13 percent, short covering seen

F&O Ban

• Bharat Earth Movers
• DHFL
• Indiabulls Real Estate
• JP Associates
• JSW Energy

Bulk Deals

• Granules India: Morgan Stanley (France) SA sold 17.67 lakh shares or 0.77 percent stake at Rs 119.37 each
• Easun Reyrolle Relays: Dhunseri Petrochem sold 2 lakh shares or 0.65 percent stake at Rs 17.45 each

PG Electroplast

• Alok Knit Exports sold its entire 1.75 percent stake of 2.86 lakh shares at Rs 325.05 each
• Real Marketing Pvt. Ltd. bought 2.30 lakh shares or 1.4 percent stake at Rs 400.78 each

Brokerage Radar

M&M Finance

• Citi maintained ‘Buy’ on the stock with price target of Rs 500
• Nomura maintained its ‘Neutral’ rating with price target hiked to Rs 460 from Rs 360

• Bharti Airtel: Credit Suisse Citi maintained ‘Underperform’ on the stock with price target of Rs 320
• Godrej Consumer: Nomura upgraded stock to ‘Neutral’ from ‘Reduce’ with price target hiked to Rs 990 from Rs 945

Zee Entertainment

• UBS maintained its ‘Neutral’ stance on the stock with price target of Rs 580
• Macquarie maintained ‘Outperform’ on the stock with price target of Rs 615
• IDFC Securities maintained its ‘Outperform’ rating with price target of Rs 570

Media Reports

• SAIL: Signs pact with multinational steel-making company POSCO. (Business Standard)
• Adani Enterprises: Adani's Australia project hits protest wave. (Business Standard)
• Tata Teleservices: Drawing up an exit plan for its 50,000 employees. (Economic Times)
• GTL Infrastructure: Lenders try to block Reliance Capital arm’s attempt to buy the company. (Economic Times)
• Reliance Industries: Government wins arbitration case over RIL penalty. (Economic Times)
• L&T: The Supreme Court directs Punjab State Power to refund Rs 1,100 crore to L&T power unit. (Economic Times)
• Ultratech Cement: Files petition against HCC’s Lavasa unit. (Financial Express)
• Jaiprakash Associates: Board approves debt restructuring. (Financial Express)
• Mahindra & Mahindra: M&M-Ford in talks to share Sedan platform, Electric Vehicles technology. (Mint)
• IDBI Bank: Nabard buys 7 percent more in SIDBI from IDBI Bank for Rs 900 crore. (Mint)