Pedestrians look up at an electronic ticker board showing a budget news report outside the Bombay Stock Exchange (BSE) in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Stocks To Watch: Dilip Buildcon, Infosys, IL&FS Engineering, Lloyd Metals

  • Infosys looks to sell Panaya and Skava. To acquire WongDoody Holding for $75 million.
  • Dilip Buildcon sets up 5 SPVs to undertake Rs 6,307 crore worth projects from NHAI.
  • Earnings today: Jay Bharat Maruti, LKP Finance, Lloyd Metals
  • Shriram City Union Finance: Fidelity Fund – Pacific Fund sold 4.80 lakh shares at Rs 2,200 each.

Asian stocks inched higher Monday, U.S. equity futures pared gains and the yen retraced losses as traders assessed the likelihood the fallout of an American-led strike on Syria could be contained.

The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, declined 0.3 percent to 10,472 as of 6:50 a.m.

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

  • Infosys looks to sell Panaya and Skava. To acquire WongDoody Holding for $75 million.
  • Dilip Buildcon sets up 5 SPVs to undertake Rs 6307 crore worth projects from NHAI.
  • Bliss GVS pharma gets $12 million from sale of 51 percent stake in Kenya unit.
  • Shalimar paints says period for rights issue extended upto April 19.
  • IL&FS Engineering wins Rs 129.66 crore pipeline laying contract from GAIL.
  • Alok Industries: Reliance Industries and JM Financial ARC resolution plan did not receive Committee of Creditors approval
  • KPIT Technologies two day offer to buy starts today
  • Alembic Ltd two day buyback starts today
  • Karda Constructions shifted to B group and circuit filter revised to 20 percent
  • Tata Motors: Jaguar Land Rover to cut 1,000 jobs amid Brexit, diesel concerns.
  • United Spirits: Approves splitting each share into five

F&O Setup

  • Nifty April Futures closed trading at 10,490 with a premium of 9.8 points versus 6.4 points.
  • April series-Nifty open interest up 3 percent, Bank Nifty open interest down 5 percent.
  • India VIX ended at 14.1, down 2.8 percent.
  • Max open interest for April series at 10,500, open interest at 42 lakh, up 11 percent.
  • Max open interest for April series at 10,300, open interest at 52.3 lakh, open interest down 6 percent.

F&O Ban

  • In ban: Balrampur Chini, IRB Infra, JP Associates, TV18 Broadcast
  • New in ban: TV18 Broadcast
  • Out of ban: Jet Airways

Active Stock Futures

Stocks To Watch: Dilip Buildcon, Infosys, IL&FS Engineering, Lloyd Metals

Bulk Deals

Kirloskar Ferrous

  • HDFC mutual fund bought 17 lakh shares (1.2%) at Rs 89.05 each.
  • Quest Investment Advisors sold 14.51 lakh shares (1.1%) at Rs 89.07 each.

SS Infrastructure Development Consultants

  • HSBC mutual fund – Small Cap Equity Fund bought 99,000 shares at Rs 42 each.
  • Elara India Opportunities Fund sold 99,000 shares at Rs 42.01 each.

Shriram City Union Finance

  • Fidelity Fund – Pacific Fund sold 4.80 lakh shares (0.7%) at Rs 2200 each.

Earnings To Watch

  • Jay Bharat Maruti
  • LKP Finance
  • Lloyd Metals

Earnings Reactions To Watch

Infosys (Q4, QoQ)

  • Revenue in $ terms up 1.8 percent to $2805 million
  • Revenue up 1.6 percent at Rs 18,083 crore
  • Net profit down 28.1 percent to Rs 3690 crore
  • EBITDA up 3.5 percent to Rs 4472 crore
  • Margin expanded to 24.7 percent from 24.3 percent
  • FY19 revenue guidance in constant currency at 6 percent – 8 percent.
  • FY19 operating margin guidance range at 22 percent – 24 percent

Rane Brake (Q4, YoY)

  • Revenue up 13 percent at Rs 142 crore
  • Net profit up 50 percent at Rs 6 crore
  • Ebitda down 22.7 percent at Rs 17 crore
  • Margin at narrowed to 12 percent from 17.5 percent

Bhansali Engineering Polymers Q4 (Standalone, YoY)

  • Net sales up 56.5 percent at Rs 301.8 crore versus Rs 192.8 crore
  • Net profit up 82 percent at Rs 28.6 crore versus Rs 15.7 crore
  • EBITDA up 94 percent at Rs 43.8 crore versus Rs 22.6 crore
  • Margin at 14.5 percent versus 11.7 percent

DCB Bank (Standalone, YoY)

  • Net interest income up 19.7 percent at Rs 263.7 crore
  • Net Profit up 21.5 percent at Rs 64.2 crore
  • Provisions up 13.1 percent at Rs 38.8 crore (QoQ)
  • GNPA at 1.79 percent vs 1.89 percent (QoQ)
  • NNPA at 0.72 percent vs 0.87 percent (QoQ)

ICICI Securities Q4 (Consolidate, YoY)

  • Revenue up 35 percent at Rs 514.6 crore
  • Profit up 90.7 percent at Rs 158.6 crore
  • EBITDA up 86 percent at Rs 260 crore
  • Margin at 50.6 percent

Gruh Finance Q4 (Standalone, YoY)

  • Revenue up 16 percent at Rs 484.3 crore.
  • Net Profit up 18 percent at Rs 130.5 crore.
  • Provisions down 94 percent at Rs 1.4 crore (QoQ)
  • Announces 1:1 bonus issue

Brokerage Radar:

Motilal Oswal on Bharat Electronics

  • Maintain Buy; Cut target price to Rs 196 from Rs 210
  • Akash and LR SAM orders deferred to the first half of the next financial year
  • Estimates cut to factor order deferral and higher tax rates
  • Management targets to double sales to Rs 20,000 crore by March 2023
  • EBITDA margins to sustain at 18 percent; Exports to reach 10 percent of sales
  • Venturing into ammunition production; Rs 600 crore capex likely by March 2019

Nomura on Infosys

  • Maintain Reduce with target price of Rs 990
  • Fourth quarter financials were in line but margin guidance disappointed
  • Additional cash returns to shareholders could cushion the share fall
  • Growth weakness in developed markets, BFSI & Retail is a negative

JPMorgan on Infosys

  • Maintain Overweight with target price of Rs 1,230
  • EBIT margin guidance a disappointment; Revenue in line with expectation
  • Results represent the need to make fresh revenue-generating investments
  • Margin levers for financial year 2019 cannot rest longer on utilisation and expense management
  • ADR reaction overdone as EPS downside is 4 percent due to guidance