Stocks To Watch: Biocon, Jubilant FoodWorks, Yes Bank, ICICI Bank, IOC, ITC
ICICI Bank, IOC, ITC, Kaveri Seed, AU Small Finance Bank are some of the stocks to watch out for on Friday.
- Bajaj Auto said it is unaffected by the Karnataka High Court ban.
- Bad loans at Yes Bank double as regulator detects under-reporting
Biocon’s net profit fell 53 percent to 69 crore. - HDFC Life IPO price band fixed at Rs 275-290 per share; issue to open on November 7.
Indian equity benchmarks rose to fresh highs driven by gains in Maruti Suzuki, Axis Bank, Larsen & Toubro and Tata Steel.
The S&P BSE Sensex rose 0.32 percent to 33,147.13 and the NSE Nifty 50 Index advanced 0.47 percent to 10,343.80.
The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index’s performance in India, rose 0.19 percent to 10,394 as of 7:30 am.
Where will the markets move today? https://t.co/bBXh9kiJ2T
— BloombergQuint (@BloombergQuint) October 27, 2017
Here are the stocks to watch in today’s session:
- Bajaj Auto: Says it’s unaffected by Karnataka High Court’s ban on pillion riding on two-wheelers
- Majesco: Says U.S. arm of the company partners with social media marketing platform, Denim
- Future Consumer: Allots 14.96 lakh shares to Black River Food 2 upon conversion of CCDs
- NDTV: Income tax department attaches the entire 29.12 percent holding of promoter RRPR Holding
Other Corporate Announcement
Phoneix Mills: NCLT approves scheme of merger of two of its subsidiaries
Essar Steel Insolvency: Real deal or window shopping?https://t.co/30iflzZE7K pic.twitter.com/sU3WnkyYla
— BloombergQuint (@BloombergQuint) October 26, 2017
IPO Watch
- Reliance Nippon Life Asset Management day 3. Issue subscribed 7.4 times on second day.
- HDFC Life IPO to open on November 7. Price band fixed at Rs 275-290 per share.
Khadim Indiaâs Rs 543 crore IPO opens on November 2, reports @sharleendsouza.https://t.co/fogQdTMsgj pic.twitter.com/N7qaCcfeQ1
— BloombergQuint (@BloombergQuint) October 26, 2017
Circuit Revisions
- Signet Industries & Rattan India Power circuit filter revised to 10 percent
- GIC RE added to BSE IPO Index
F&O Setup
- Nifty November futures trading at 10,360, premium of 16.7 points to spot
- Nifty Rollover at 73 percent, Bank Nifty Rollover at 69 percent
- Across Series Nifty open interest up 2 percent, Bank Nifty open interest down 2 percent
- India VIX closed at 11.6, down 1.2 percent
- Max open interest for November series at 10,500 Call (open interest at 27 lakh, up 52 percent)
- Max open interest for November series at 10,000 Put (open interest at 44 lakh, up 36 percent)
F&O Ban
Indiabulls Real Estate Ltd.
Active Stock Futures
Bulk Deals
Star Cement
- HSBC Global Investment Fund Mauritius bought 44.78 lakh shares or 1.1 percent stake at Rs 110 each
- Sajjan Bhajanka sold 35 lakh shares or 0.8 percent stake at Rs 110.02 each
- Apollo Tyres: BNP Paribas Arbitrage sold 34.45 lakh shares or 0.6 percent stake at Rs 238.5 each
- Selan Exploration Technologies: Quest Portfolio Services bought 1.25 lakh shares or 0.8 percent stake at Rs 222.19 each
- Sri Adhikari Brothers: Central Bank of India sold 4.5 lakh shares or 1.3 percent stake at Rs 37.37 each
- Saregama: Girik Wealth (Charandeep Singh) buys 1.2 lakh shares or 0.7 percent stake at Rs 624 each
Yes Bank responds to cyber security penalty.@visshy_it reports.https://t.co/BOK3lOonIL pic.twitter.com/zZnBHR07HB
— BloombergQuint (@BloombergQuint) October 26, 2017
Earnings Reactions To Watch (Q2FY18)
Crompton Greaves (YoY)
- Revenue up 9.8 percent at Rs 960 crore
- Net profit up 24.56 percent at Rs 71 crore
- EBITDA up 19.2 percent at Rs 121 crore from Rs 101.5 crore
- Margin at 12.60 percent versus 11.61 percent
United Spirits (YoY)
- Revenue down 3.67 percent at Rs 1,952 crore
- Net profit up 85.5 percent at Rs 153 crore
- EBITDA up 58 percent at Rs 319 crore
- Margin at 16 percent versus 9.9 percent
Mphasis (QoQ)
- Revenue up 4.5 percent at Rs 1,604 crore
- Net profit up 5.9 percent at Rs 198 crore
- EBIT up 9.3 percent at Rs 231 crore
- Margin at 14.4 percent versus 13.8 percent
Indiabulls Ventures (YoY)
- Revenue up 57.57 percent at Rs 156 crore
- Net profit up 223.5 percent at Rs 55 crore
- EBITDA up 75.5 percent at Rs 93 crore
- Margin at 59.6 percent versus 53.5 percent
GIC Housing Finance (YoY)
- Revenue up 10.9 percent at Rs 274 crore
- Net profit up 23.5 percent at Rs 42 crore
Supreme Petrochem (YoY)
- Revenue up 12.9 percent at Rs 707.5 crore
- Net profit up 28. percent at Rs 36.7 crore
- EBITDA up 23.5 percent at Rs 60.5 crore
- Margin at 8.55 percent versus 7.8 percent
Yes Bank (YoY)
- Net interest income up 33.5 percent at Rs 1,885.3 crore
- Net profit up 25.1 percent at Rs 1,002.7 crore
- Gross NPA at 1.82 percent from 0.97 percent (QoQ)
- Net NPA at 1.04 percent from 0.39 percent (QoQ)
- Provisions at Rs 447 crore from Rs 285.7 crore (QoQ)
Biocon (YoY)
- Revenue up 2.4 percent at Rs 969 crore
- Net profit down 53 percent at Rs 69 crore
- EBITDA down 23.6 percent at Rs 183 crore
- Margin at 18.9 percent versus 25.3 percent
#Q2WithBQ | Bioconâs net profit declines for the third straight quarter.https://t.co/bgzAFFQp0I pic.twitter.com/e49GJZqJKz
— BloombergQuint (@BloombergQuint) October 26, 2017
Cummins India (YoY)
- Revenue down 9.85 percent at Rs 1,153 crore
- Net profit down 22.3 percent at Rs 153 crore
- EBITDA down 16. percent at Rs 167 crore
- Margins at 14.5 percent verss 15.5 percent
Equitas Holding (YoY)
- Net Interest Income up 14 percent at Rs 230 crore
- Net profit down 76 percent at Rs 11 crore
South Indian Paper Mills (YoY)
- Revenue down 44.58 percent at Rs 26.6 crore
- Net loss of Rs 1 crore
- EBITDA down 82 percent at Rs 1.6 crore
- Margin at 6 percent versus 18.75 percent
Emami Paper Mills (YoY)
- Revenue up 3.11 percent at Rs 314.5 crore
- Net profit down 97 percent at Rs 0.5 crore
- EBITDA down 36 percent at Rs 26.5 crore
- Margin at 8.4 percent from Rs 13.6 percent
Coromandel Engineering (YoY)
- Revenue up 1.1 percent at Rs 9.07 crore
- Net loss at Rs 2.8 crore
- EBITDA at - Rs 1.17 crore from - Rs 0.28 crore
- Margin at -12.9 percent versus -3 percent
Nelco (YoY)
- Revenues down 0.6 percent at Rs 36.1 crore
- Net profit down 98 percent at Rs 2.85 crore
- EBITDA down 9 percent at Rs 4.45 crore
- Margin at 12 percent versus 13.5 percent
Sharda Cropchem (YoY)
- Revenue up 12.55 percent at Rs 278 crore
- Net profit down 27 percent at Rs 24 crore
- EBITDA down 2 percent at Rs 50 crore
- Margin at 18 percent
Nifty Results Today
- ICICI Bank
- IOC
- ITC
- Maruti Suzuki India
Other Results Today
- Aditya Birla Fashion And Retail
- AU Small Finance Bank
- Canara Bank
- Heidelbergcement India
- J&K Bank
- Jubilant Industries
- Kaveri Seed Company
- Linde India
- Munjal Showa
- Navin Fluorine International
- PVR
- SPARC
- Srikalahasthi Pipes
- Sundaram Finance
- Tata Metalik
Brokerage Radar
- Edelweiss on V Guard Industries: Maintain Hold; hiked price target to Rs 175 from Rs 163
- Credit Suisse on Crompton Greaves Consumer: Maintain Outperform; price target hiked to Rs 290 from Rs 270
Yes Bank
- Credit Suisse: Maintain Neutral; Cut price target to Rs 321 from Rs 331
- Macquarie: Downgrade to ‘Neutral’ from ‘Outperform’; price target remain unchanged at Rs 362
- UBS: Maintain Sell with price target of Rs 160
- Jefferies: Retain Hold, cut price target to Rs 300 from Rs 344
- IDFC Securities: Downgraded from ‘Neutral’ to ‘Underperform’; cut price target to Rs 270 from Rs 309
- JP Morgan: Retained Overweight, price target of Rs 400
United Spirits
- UBS: Maintain Sell with price target of Rs 2,000
- Macquarie: Maintain Underperform with price target of Rs 1,933
- Morgan Stanley: Maintain Overweight with price target of Rs 2,900
Jubilant Foodworks
- CLSA: Maintain Buy; hiked price target to Rs 2,200 from Rs 1,900
- Credit Suisse: Maintain Outperform; hiked price target to Rs 2,000 from Rs 1,500
- Edelweiss: Maintain Hold; hiked price target to Rs 1,842 from Rs 1,383
- Morgan Stanley: Maintain Overweight; hiked price target to Rs 1,900 from Rs 1,780
CLSA's Chris Wood raises India weightage post PSU bank recapitalisation. https://t.co/s57oArlSaN pic.twitter.com/NC5rdHHfnL
— BloombergQuint (@BloombergQuint) October 27, 2017