A trader reacts as he monitors financial information on computer screens on a trading floor. (Photographer: Chris Ratcliffe/Bloomberg)

Stocks To Watch: Idea Cellular, Bank of Baroda, GAIL, Fortis, Sun Pharma

Stocks in Asia were mixed as Japan retreated with the yen trading close to a five-month high and as investors keenly awaited the U.S. inflation report after the selloff in global stock and bond markets.

The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, rose 0.7 percent to 10,544 as of 7:35 a.m.

Here are the stocks to watch in Wednesday’s trading session

  • Idea Cellular raises Rs 3,250 crore through preferential allotment to promoters
  • Bank of Baroda to exit South Africa amid probe over Gupta ties
  • Mangalam Cement to set up a 11 MW waste heat recovery plant at Rajasthan
  • Rolta signs pact to deal to restructure U.S. dollar bonds due 2018, 2019
  • Fortis Healthcare seeks extension till Feb. 28 to announce Q2, Q3 results
  • Indoco Remedies’ Goa plant gets 8 observations under form 483 from U.S. FDA
  • Piramal Enterprises to transfer assets to unit Piramal Finance for Rs 1,910 crore
  • CG Power to sell Hungary business (excluding switchgear business) for 38 million euros. Deal expected to be completed by Mar. 31
  • IOL Chemicals and Pharma starts production of anti-diabetes drug Metformin
  • Precision Camshafts receives multiple orders worth Rs 275 crore
  • JSW Steel commences mining operations in Tunga with a capacity of 0.3 MTPA
  • Max Life emerges as frontrunner to buy IDBI Federal Life: Mint newspaper

IPO Watch

  • Aster DM Healthcare continues on Day 2. The issue is subscribed 0.26 times.

F&O Setup

  • Nifty February futures trade at 10,543, premium of 3.4 points from 14.8 points
  • February series: Nifty open interest up 5 percent; Bank Nifty open interest unchanged
  • India VIX ended at 17.8, down 7 percent
  • Max open interest for February series at 11,100 call strike (open interest at 56.9 lakh, down 1 percent)
  • Max open interest for February series at 10,000 put (open interest at 54.7 lakh, down 5 percent)

F&O Ban

  • In ban: Balrampur Chini, Dish TV, GMR Infra, HDIL, JP Associates
  • New in ban: Dish TV, JP Associates
  • Out of ban: Jain Irrigation

Only intraday positions can be taken in stocks which are in F&O ban. In case of a rollover of these intraday positions, there is a penalty.

Active Stock Futures

Stocks To Watch: Idea Cellular, Bank of Baroda, GAIL, Fortis, Sun Pharma

Bulk Deals

KRBL

  • Pabrai Investment bought 64.18 lakh shares (2.7 percent) at Rs 594 each
  • Abdullah Ali Balsharaf sold 32.50 lakh shares (1.4 percent) at Rs 594 each
  • Omar Ali Obaid Balsaraf sold 32.50 lakh shares (1.4 percent) at Rs 594 each

Religare: Merlin Marketing sold 10 lakh shares (0.6 percent) at Rs 52.35 each

  • Electrosteel Steels: SCIIL Steel Cast Iron Investments(Cyprus) Ltd sold 1.36 crore shares (0.6 percent) at Rs 3.44 each
  • Nandan Denims: LTS Investment Fund bought 2.46 lakh shares (0.5 percent) at Rs 146.43 each

Earnings Reactions To Watch

Britannia Industries Q3 (YoY)

  • Revenue up 12.5 percent at Rs 2567.5 crore
  • Net profit up 20 percent at Rs 264 crore
  • EBITDA up 27 percent at Rs 399 crore
  • Margin at 15.5 percent versus 13.8 percent

Lumax Auto Q3 (YoY)

  • Revenue up 26 percent at Rs 277 crore
  • Net profit up 225 percent at Rs 13 crore
  • EBITDA up 65 percent at Rs 28 crore
  • Margin at 10.1 percent versus 7.7 percent

J Kumar Infra Q3 (YoY)

  • Revenue up 24 percent at Rs 457 crore
  • Net profit up 24.5 percent at Rs 33 crore
  • EBITDA up 24.8 percent at Rs 78 crore
  • Margin at 17.1 percent versus 16.9 percent

GSK Consumer Q3 (YoY)

  • Revenue up 20 percent at Rs 1035 crore
  • Net profit up 20.6 percent at Rs 164 crore
  • EBITDA up 21.4 percent at Rs 204 crore
  • Margin at 19.7 percent versus 19.5 percent

Dollar Industries Q3 (YoY)

  • Revenue up 40 percent at Rs 233 crore
  • Net profit up 200 percent at Rs 18 crore
  • EBITDA up 118 percent at Rs 37 crore
  • Margin at 15.9 percent versus 10.2 percent

NHPC Q3 (YoY)

  • Revenue up 14 percent at Rs 1498 crore
  • Net profit up 220 percent at Rs 688 crore
  • EBITDA up 25.5 percent at Rs 784.5 crore
  • Margin at 52.4 percent versus 47.7 percent

Mirc Electronics Q3 (YoY)

  • Revenue down 4 percent at Rs 131 crore
  • Net profit of Rs 3 crore versus Rs net loss of 24.55 crore
  • EBITDA at Rs 8 crore versus loss of Rs 1 crore
  • Margin at 6.1 percent versus -0.7 percent

Shaily Engineering Plastics Q3 (YoY)

  • Revenue up 44 percent at Rs 79 crore
  • Net profit up 200 percent at Rs 6 crore
  • EBITDA up 86 percent at Rs 13 crore
  • Margin at 16.5 percent versus 12.7 percent

Tide Water Oil Q3 (YoY)

  • Revenue up 21 percent at Rs 292 crore
  • Net profit up 26 percent at Rs 29 crore
  • EBITDA up 27 percent at Rs 33 crore
  • Margin at 11.3 percent versus 10.7 percent

Rupa & Co Q3 (YoY)

  • Revenue at Rs 278 crore versus Rs 206 crore
  • Net profit at Rs 24 crore versus Rs 17 crore
  • EBITDA up 26 percent at Rs 41.5 crore
  • Margin at 14.9 percent versus 16 percent

Minda Corp Q3 (YoY)

  • Revenue up 25 percent at Rs 636 crore
  • Net profit up 81 percent at Rs 38 crore
  • EBITDA up 43 percent at Rs 71 crore
  • Margin at 11.2 percent versus 9.7 percent

Indian Hotels Q3 (YoY)

  • Revenue up 6 percent at Rs 1197 crore
  • Net profit up 16 percent at Rs 108 crore
  • EBITDA up 5 percent at Rs 280 crore
  • Margin at 23.4 percent versus 23.6 percent

GIC Re Q3 (YoY)

  • Gross premium up 8 percent at Rs 8870 crore
  • Net premium down 2 percent at Rs 7477 crore
  • Net profit of Rs 673 crore versus net loss of Rs 401 crore

Mukta Arts Q3 (YoY)

  • Revenue up 17 percent at Rs 28 crore
  • Net loss of Rs 3 crore versus net loss of Rs 2.5 crore
  • EBITDA unchanged at Rs 0.4 crore
  • Margin at 1.4 percent versus 1.7 percent

CG Power and Industrial Solutions Q3 (YoY)

  • Revenue up 15 percent at Rs 1516 crore
  • Net loss at Rs 28 crore versus loss of Rs 25 crore
  • EBITDA unchanged at Rs 127 crore
  • Margin at 8.4 percent versus 9.6 percent

GAIL Q3 (QoQ)

  • Revenue up 16 percent at Rs 14414 crore
  • Net profit down 4 percent at Rs 1262 crore
  • EBITDA down 5 percent at Rs 1970 crore
  • Margin at 13.7 percent versus 16.7 percent

Motherson Sumi Q3 (YoY)

  • Revenue up 35.9 percent at Rs 14398 crore
  • Net profit down 12.4 percent at Rs 364.5 crore
  • EBITDA up 14.9 percent at Rs 1259.6 crore
  • EBITDA margin at 8.7 percent versus 10.4 percent

Bank of India Q3 (YoY)

  • Net Interest Income down 12.6 percent at Rs 2501 crore
  • Net loss of Rs 2341 crore versus net profit of Rs 102 crore
  • Provisions for NPA up 134 percent at Rs 4373 crore
  • GNPA at 16.93 percent versus 12.62 percent (QoQ)
  • NPA at 10.29 percent versus 6.47 percent (QoQ)

Hathway Cables Q3 (YoY)

  • Revenue down 58.6 percent at Rs 139 crore
  • Net profit of Rs 24 crore versus net loss of Rs -44.4 crore
  • EBITDA down 5.5 percent at Rs 60.5 crore
  • Margin at 43.5 percent versus 19 percent

Mangalam Cement Q3 (YoY)

  • Revenue up 25 percent at Rs 292 crore
  • Net profit down 53 percent at Rs 2.7 crore
  • EBITDA down 64 percent at Rs 8 crore
  • Margin at 2.7 percent versus 9.4 percent

Triveni Engineering Q3 (YoY)

  • Revenue up 12 percent at Rs 773 crore
  • Net profit down 21 percent at Rs 60 crore
  • EBITDA down 27 percent at Rs 94 crore
  • Margin at 12.2 percent versus 18.6 percent

Corporation Bank Q3 (YoY)

  • Net Interest Income up 3 percent at Rs 1264 crore
  • Net loss of Rs 1240.5 crore versus net profit of Rs 159 crore
  • Provisions for NPA down 2 percent at Rs 2495
  • GNPA at 15.92 percent versus 15.28 percent (QoQ)
  • Net NPA at 10.73 percent versus 10.24 percent (QoQ)

PFC Q3 (YoY)

  • Net Interest Income down 38 percent at Rs 1835.5 crore
  • Net profit down 18 percent at Rs 1604 crore

UFO Moviez Q3 (YoY)

  • Revenue down 7 percent at Rs 139 crore
  • Net profit down 12 percent at Rs 12 crore
  • EBITDA down 19.5 percent at Rs 35.4 crore
  • Margin at 25.5 percent versus 29.3 percent

Finolex Industries Q3 (YoY)

  • Revenue up 25.5 percent at Rs 723 crore
  • Net profit down 3.5 percent at Rs 69.5 crore
  • EBITDA down 12 percent at Rs 114 crore
  • Margin at 15.8 percent versus 22.4 percent

JK Tyre Q3 (YoY)

  • Revenue up 15.5 percent at Rs 2123 crore
  • Net profit down 87 percent at Rs 11 crore
  • EBITDA down 16 percent at Rs 213 crore
  • Margin at 10 percent versus 13.8 percent

Nifty Earnings To Watch

  • Sun Pharmaceuticals

Other Earnings To Watch

  • 8K Miles Software Services
  • Allahabad Bank
  • Apollo Hospitals Enterprise
  • Balkrishna Industries
  • Cox & Kings
  • Dena Bank
  • Godrej Industries
  • Grasim Industries
  • Indo Count Industries
  • Infibeam Incorporation
  • Jet Airways
  • Nestle India
  • NLC India
  • Repco Home Finance
  • Speciality Restaurants
  • Sunteck Realty
  • Tata Power
  • Vivimed Labs
  • Welspun Enterprises