Stocks To Watch: Inox Wind, NMDC, Lemon Tree, Piramal Enterprises, Titan

Stocks in Asia fluctuated and U.S. equity-index futures rebounded as trade worries remained a key market driver, keeping risk appetite in check.

The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, fell 0.4 percent at 10,296 as of 8:10 a.m.

Here Are The Stocks To Watch Out For In Monday’s Trade

• Titan said that 2017-2018 was a very satisfactory year in terms of overall business performance. The company achieved excellent retail growth in all businesses.
• Inox Wind wins 100MW in SECI-4 auction. Bid won at a fixed price of Rs 2.51 a unit for 25 years. Orderbook increased to 950MW.
• NMDC keeps prices of lump ore and fines unchanged at Rs 3000 per tonne and Rs 2660 per tonne.
• Nitesh Estates awarded a claim of Rs 15 crore in a land dispute.
• Century Plyboard unit writes off its entire investment in Indonesian subsidiary.
• Visaka industries begins trial production at new ATUM manufacturing facility.
• Piramal Enterprises receives NCLT approval for merger of Piramal Finance and Piramal Capital with Piramal Housing Finance.
• ICICI Bank: Some board directors are likely to meet soon to discuss the way ahead for CEO Chanda Kochhar (Economic Times).

New Listing/Offering

• Lemon Tree Hotels Limited to list on exchanges today. Its Rs 1,040 crore initial public offer was subscribed 1.19 times on the final day of bidding.
• Sona Koyo Steering offer-for-sale shares to non-retail investors gets 6.64 times demand; offer for retail investors opens today

F&O Setup

• Nifty April Futures closed trading at 10,352.8 with a premium of 21 points versus 27 points.
• April series-Nifty open interest up 3 percent, Bank Nifty open interest down 2 percent.
• India VIX ended at 14.7, down 0.3 percent.
• Max open interest for April series at 11,000 call strike, open interest at 38 lakh, up 1 percent.
• Max open interest for April series at 10,000 Put, open interest at 49.2 lakh, open interest up 1 percent.

F&O Ban

• In ban: Jet Airways
• New in ban: Jet Airways

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

Active Stock Futures

Bulk Deals

• Apollo Pipes: Hober Mallow Trust bought 59,307 shares or 0.5 percent equity at Rs 580 each.

AIA Engineering

• DSP Blackrock mutual fund bought 5.72 lakh shares or 0.6 percent equity at Rs 1400 each.
• Promoter Bhadresh Shah sold 29.99 lakh shares or 3.2 percent equtiy at Rs 1400.06 each.

Magma Fincorp

• Reliance mutual fund bought 42.39 lakh shares or 1.8 percent equity at Rs 154 each.
• IDBI mutual fund bought 45.39 lakh shares or 1.9 percent equity at Rs 154 each.
• Zend Mauritius VC Investments Ltd. sold 2.5 crore shares or 10.5 percent equity at Rs 154.25 each.

Brokerage Radar

Geojit on Cochin Shipyard

• Initiated ‘Buy’ with a price target of Rs 625.
• Market leader in ship repair and poised to grow further led by JVs and MoUs.
• Visibility to enlarge order book, led by defence.
• Expect to garner Rs 18,000 crore of orders over the next two years.
• Capacity to double in ship building & repairs by March 2022.
• Ship repair growth fuelled by capacity expansion.
• Return ratios to improve with ramp up in execution.
• Expect revenue, operating income and net profit to compound at 23 percent, 19 percent and 16 percent respectively over the fiscal 2017-2020.

ICICI Securities on Yes Bank

• Reinitiated ‘Buy’ with a price target of Rs 464; implying a potential upside of 48 percent from the last regular trade.
• Growth opportunity fairly abundant given smaller but growing balance sheet.
• Opportunties: new exposures to large corporates, refinancing opportunities in select NCLT cases.
• Expect retail expansion across the balance sheet.
• Stock to rerate as retail becomes a meaningful part.
• Expect 30 percent compounded growth rate in loans over the fiscal 2018-2020.
• Expect return on assets and return on equity to expand to 1.9 percent and 22.5 percent respectively by March 2020.

Angel Broking on GMM Pfaudler

• Initiated ‘Buy’ with a price target of Rs 861.
• Seeing strong order inflow from the user industries.
• Expect increase in share of non-GL business to 50 percent by 2020
• Non-GL business and exports to boost growth.
• GMM likely to maintain above 20 percent growth trajectory through the financial years till March 2020.
• Expect margins to remain healthy.
• Strong balance sheet and healthy return ratios.
• Stock valuations offers good opportunity to enter.

Macquarie on Jubilant Life Sciences

• Maintained ‘Outperform’ with a price target of Rs 1,096; implying a potential upside of 34 percent form the last regular trade.
• Specialty ramp-up to be back in focus.
• Keep an eye on green shoots in pricing for Jubilant’s US generics biz.
• Expect solid Q4FY18 led by aftereffects of LSI and pickup in specialty pharma.
• Valuations look attractive; Top mid-cap pharma pick.

Citi on Zee Entertainment

• Maintained ‘Neutral’; cut price target to Rs 605 from Rs 650.
• Expect higher investments in Zee due to competitive intensity.
• Advertising trends remain healthy.
• TRAI tariff regulations remains key variable for subscription revenue.
• Q4: OTT losses weigh on earnings; Base business steady.

HSBC on Larsen & Toubro

• Maintained ‘Buy’ with a price target of Rs 1,535.
• Order inflows set to surprise positively for December quarter.
• Expect 9 percent (YoY) order inflow growth for Q4 versus 16 percent (YoY) decline implied from company guidance.
• Expect modest revenue growth but a marginal decline in EPS owning to one-offs.
• Expect Earnings to compound at 21 percent over the fiscal 2017-2019 and return on equity to improve to 16.3 percent by March 2020.

Investec on PNB Housing Finance

• Initiated ‘Buy’ with a price target of Rs 1,600.
• Expect PNB Housing Finance to grow at healthy pace.
• PNBHF has best asset quality, productivity and diversified asset/liability mix.
• PNBHF is the fastest growing HFC with best-in-class asset quality.
• Business is highly scalable with reasonable return ratios.
• Growth to drive return on equity to expand to 18 percent by March 2020.