Electronic ticker boards indicate the latest stock figures inside the atrium at the National Stock Exchange. (Photographer: Dhiraj Singh/Bloomberg)

Stocks To Watch: Fortis Healthcare, ICICI Bank, NHPC, Bodal Chemicals

Asian stocks were mixed at the open, shrugging off the biggest advance in U.S. shares in almost four weeks Friday as the country’s jobless rate hit an 18-year low.

The dollar drifted from a recent high. Equity benchmarks in Japan fluctuated and gained in Australia. Hong Kong futures climbed alongside S&P 500 Index futures. The MSCI Asia Pacific declined for a second consecutive week last week.

The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, rose 0.22 percent to 10,690 as of 7:05 a.m.

Here Are The Stocks To Watch In Monday's Trading:

  • Sources close to Lupin say U.S. FDA to start inspection of the drugmaker’s Nagpur plant from May 7
  • UltraTech submits fresh offer of Rs 7840 crore For Binani Cement. The lenders are expected to meet on Monday to discuss UltraTech’s new bid (Economic Times)
  • PC Jeweller prepones buyback date to May 10 from earlier announced May 25
  • Aurobindo Pharma launches $1.6 billion bid to buy Novartis’ generics unit (Mint)
  • Infosys approves Rs 13 crore of annual performance equity grant for MD and CEO Salil Parekh
  • L&T IDPL transfers stake in five units to IndInfravit Trust
  • Fortis Healthcare receives revised offer from Manipal Healthcare. The hospital chain operator has appointed Arpwood Capital to advise on sale bids. Shareholders, meanwhile, approve acquisition of RHT Health Trust assets.
  • MRF, JK Tyres, Ceat: Tyre companies raise prices up to 3 percent on back of rising input costs
  • Apollo Tyres: To consider seeking shareholders’ nod for debenture sale on May 10
  • NHPC receives CERC nod to undertake interstate trade in electricity across the country
  • Bodal Chemicals to acquire land at PCPIR, Dahej from GIDC for future expansion and new projects
  • Airtel says talks on Bain BV listing at exploratory stage
  • Glenmark Pharma says clinical trials at Malpani Hospital suspended
  • Blackstone buys Indiabulls asset in Tamil Nadu for Rs 900 crore (ET)
  • Welspun says will contest tax demand of Rs 179 crore
  • Vakrangee appoints A. P. Sanzgiri & Co as auditors for FY17-18 to fill in casual vacancy
  • Cadila Healthcare says Zydus gets final approval from FDA for Succinylcholine Chloride
  • Power Grid Corp. sets capex traget of Rs 25,000 crore for FY19 (PIB)

Also Read: Election Books, Bullion And Gold – Why Vakrangee’s Auditor Quit

F&O Setup

  • Nifty May Futures closed trading at 10,658.7 with a premium of 40.5 points versus of 26.9 points
  • All series- Nifty & Bank Nifty open interest (OI) unchanged
  • India VIX ended at 13.2, up 2 percent
  • Max OI for May series call at 11,000 strike price call option, OI at 57.9 lakh shares, down 3 percent
  • Max OI for May series put shifts to 10,500 strike price put option, OI at 48 lakh shares, up 7 percent

Bulk Deals

Career Point

  • KIFS Enterprise sold 1.05 lakh shares or 0.6 percent equity at Rs 125.09 each.

Gitanjali Gems

  • Morgan Stanley France SAS sold 6.67 lakh shares or 0.6 percent equity at Rs 2.8 each

Elpro International

  • IGE (india) Private Limited bought 9.94 lakh shares or 0.7 percent equity at Rs 58.85 each.
  • Cresta Fund Ltd sold 10 lakh shares or 0.7 percent equity at Rs 58.85 each.

F&O Ban

  • In ban: Balrampur Chini, IRB Infra, Jet Airways, Just Dial, PC Jewellers
  • New in ban: Balrampur Chini
  • Out of ban: None

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

Active Stock Futures

Insider Trades

  • Rajesh Exports promoter Rajesh Mehta acquired 9,789 shares on May 3.
  • Kwality Ltd promoter Sanjay Dhingra acquired 10 lakh shares on May 3.

Earnings Reaction To Watch

Avenue Supermarts Q4 YoY

  • Revenue up 22.5 percent at Rs 3,809.9 crore versus Rs 3,110.6 crore
  • Net profit up 73 percent At Rs 167.1 crore versus Rs 96.6 crore
  • EBITDA up 41.7 percent At Rs 294.4 crore versus Rs 207.8 crore
  • Margin At 7.7 percent versus 6.7 percent

NOCIL Q4 YoY

  • Revenues up 44.5 percent at Rs 276 crore versus Rs 191 crore
  • Net profit up 143 percent at Rs 51 crore versus Rs 21 crore
  • EBITDA up 113 percent at Rs 84 crore versus Rs 39.5 crore
  • Margins at 30.4 percent versus 20.7 percent

SQS India Q4 QoQ

  • Revenue up 9 percent at Rs 76 crore versus Rs 70 crore
  • Net profit up 82 percent at Rs 10 crore versus Rs 5.5 crore
  • EBIT up 57 percent at Rs 11 crore versus Rs 7 crore
  • Margins at 14.5 percent versus 10 percent
  • Other Income of Rs 3.8 crore in current quarter

Wockhardt Q4 YoY

  • Revenue up 18 percent at Rs 1,018 crore versus Rs 863.5 crore
  • Net loss of Rs 155 crore versus net loss of Rs 175 crore
  • EBITDA at Rs -30.5 crore versus Rs -176.5 crore
  • Margins at -3 percent versus -20.4 percent
  • Other Income of Rs 56 crore in base quarter

Deepak Nitrite Q4 YoY

  • Revenue up 19.5 percent at Rs 393 crore versus Rs 329 crore
  • Net profit down 5 percent at Rs 20 crore versus Rs 21 crore
  • EBITDA up 21.25 percent at Rs 48.5 crore versus Rs 40 crore
  • Margins at 12.3 percent versus 12.2 percent

Indo Count Industries Q4 YoY

  • Revenue down 13 percent at Rs 406 crore versus Rs 467.5 crore
  • Net profit down 45 percent at Rs 27 crore versus Rs 49 crore
  • EBITDA down 6 percent at Rs 42 crore versus Rs 44.5 crore
  • Margins at 10.3 percent versus 9.5 percent

Great Eastern Shipping Co Q4 YoY

  • Revenue up 3 percent at Rs 769 crore versus Rs 746.5 crore
  • Net loss of Rs 418 crore versus net loss of Rs 34 crore
  • EBITDA down 95.5 percent at Rs 7 crore versus Rs 155.5 crore
  • Margins at 0.9 percent versus 20.8 percent
  • Other income down 64 percent at Rs 46 crore versus Rs 127 crore
  • Total expenses up 21 percent at Rs 1074 crore versus Rs 884 crore

BASF India Q4 YoY

  • Revenue up 5.5 percent at Rs 1,344 crore versus Rs 1,274 crore
  • Net profit up 53.5 percent at Rs 66 crore versus Rs 43 crore
  • Other Income of Rs 11 crore in current quarter
  • EBITDA down 18 percent at Rs 100 crore versus Rs 122 crore
  • Margins at 7.4 percent versus 9.6 percent

Earnings To Watch

  • ICICI Bank
  • Exide Industries
  • Firstsource Solutions
  • Inox Leisure
  • Pfizer
  • Talwalkars Better Value Fitness
  • Tata Chemicals
  • Tata Coffee
  • Tata Investment Corporation
  • Vijaya Bank
  • Zee Learn

Brokerage Radar

Credit Suisse on Ambuja Cements

  • Maintain ‘Underperform’; cuts target price to Rs 202 from Rs 220
  • Q1CY18 results weak on both volume growth and cost trend
  • Cost pressure only partly visible in March 2018; more to come
  • Rupee depreciation to further worsen the cost pressure
  • Cut CY18/19 EPS estimates by 17/8 percent to build lower cement prices and higher cost

Macquarie on Ambuja Cements

  • Maintain ‘Neutral’; cuts target price to Rs 242 from Rs 300
  • Q1CY18 in-line; lower volumes offset by lower cost
  • Volume growth to return to 4-5 percent in CY18-19 due to capacity constraints
  • Lower than mean valuations to limit downside

Antique on NIIT Tech

  • Maintain ‘Buy’; raises target price to Rs 1,210 from Rs 1,000
  • Q4 results significant beat; revenue/EBIT growth best in peers
  • Robust outlook for FY19 backed by healthy deal pipeline
  • Company expects double-digit revenue growth
  • Trading at discount to peers; risk-reward compelling

Motilal Oswal on CESC

  • Maintain 'Buy'; Raised target price to Rs 1,440 from Rs 1,408
  • Unlocking value through de-merger
  • Distribution and generation - combined value greater than the current market cap
  • Spencers - focus turning to growth; target to increase margins to 5 percent

Citi on Petronet LNG

  • Maintain 'Buy' with target price of Rs 310
  • Stock trading at 10 percent off our bear case value of Rs 195
  • At current levels, risk-reward is attractive
  • Investors nervous on start-up of Mundra Regas Terminal & FSRU by H-Energy at Jaigarh
  • Believe Mundra could get to 30 percent utilisation
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