Stocks To Watch: Asian Paints, Cipla, Titan, Zee Entertainment

Indian equity benchmarks rose for third day in a row led by Tata Motors, TCS, Reliance Industries and HDFC Bank as investors shrugged off concerns that crude oil prices may hurt the economy after the U.S. reinstated sanctions on Iran, and kept their focus on company earnings reports.

The S&P BSE Sensex rose 0.29 percent or 103 points to 35,319 and the NSE Nifty 50 index gained 0.22 percent or 24 points to 10,742.

Stocks To Watch In Thursday’s Trade

• Ashoka Buildcon says Arbitral Tribunal awards SPV additional 1384 toll days. Also, company to receive Rs 37.71 crore as compensation for toll loss.
• Reliance Infrastructure to consider rights issue, QIP proposals on May 14.
• Federal Bank CEO says IDBI Federal Life deal expected to be final by July.
• Welspun Enterprises emerges as L1 for road project in Tamil Nadu at Bid price of Rs 1837 crore.
• Cipla partners with Mannkind for exclusive marketing, distribution of Afrezza in India.
• PNC Infratech gets Rs 33.7 crore bonus annuity from Raebareli unit.
• Star Cement receives Rs 200 crore towards subsidies claim.
• Tata Metaliks says main production unit including Blast furnace expected to be back on stream by May 17.
• KKR Infuses Rs 1250 crore in Sintex Plastics Technology Subsidiary, SBAPL via structured finance.
• Hikal board approves 1:2 bonus issue.
• Avanti Feeds board approves 1:2 bonus issue.

F&O Setup

• Nifty May Futures closed trading at 10,769 with premium of 27.6 points versus 17.2 points
• All series-Nifty open interest up 2 percent & Bank Nifty open interest up 3 percent
• India VIX ended at 14.2, up 1.5 percent
• Max open interest for May series at 11,000, open interest at 53.7 lakh, open interest down 6 percent
• Max open interest for May series at 10,500, open interest at 56.7 lakh, open interest up 3 percent

F&O Ban

• In ban: Balrampur Chini, Dewan Housing, IRB Infrastructure, Jet Airways, Justdial, Wockhardt
• New in ban: PC Jeweller
• Out of ban: None

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

Bulk Deals

• Nath Bio-Gene: Birla Sun Life MF bought 1.06 lakh shares (0.6 percent) at Rs 560 each
• Gitanjali Gems: Morgan Stanley France SAS sold 37.80 lakh shares (3.2 percent) at Rs 3.45 each
• Shree Renuka Sugars: Murkumbi Investments Pvt Ltd sold 2.61cr shares (1.4 percent) at Rs 15.5 each

KSB Pumps

• Old Bridge Capital Management bought 3.80 lakh shares (1.1 percent) at Rs 830 each
• Vantage Equity Fund bought 4 lakh shares (1.1 percent) at Rs 830 each
• DSP Blackrock Small Cap Fund sold 4.61 lakh shares (1.3 percent) at Rs 830 each

Nifty Earnings To Watch

• Asian Paints
• Titan
• Zee Entertainment

Other Results Today

• Adani Enterprises
• Adani Transmission
• Apollo Tyres
• Chennai Petroleum Corporation
• Indian Bank
• Mphasis
• Nestle India
• Shankara Building Products
• Tata Communications
• TV Today Network
• Ujjivan Financial Services
• Union Bank Of India
• Welspun Enterprises

Earnings Reactions To Watch

JSPL (Q4, YoY)

• Revenue up 37 percent at Rs 8599 crore
• Net loss of Rs 308 crore from net loss of Rs 49.5 crore
• Ebitda up 38 percent at Rs 2136.5 crore
• Margins at 24.8 percent from 24.7 percent
• One-Time Exceptional Expense Of Rs 437.6 crore

Sharda Cropchem (Q4, YoY)

• Revenue up 29 percent at Rs 769 crore
• Net Profit up 14.5 percent at Rs 113 crore
• Ebitda up 21 percent at Rs 197 crore
• Margin at 25.7 percent from 27.3 percent

Kokuyo Camlin (Q4, YoY)

• Revenue flat at Rs 190 crore
• Net profit up 2x at Rs 5.7 crore
• Ebitda up 51.4 percent at Rs 16.5 crore
• Margin at 8.7 percent from 5.8 percent

Navin Fluorine International (Q4, YoY)

• Revenue up 5 percent at Rs 208 crore
• Net profit up 5 percent at Rs 39 crore
• Ebitda up 25 percent at Rs 46.1 crore
• Margin at 22.2 percent from 18.7 percent

SIS (Q4, YoY)

• Revenue up 29 percent at Rs 1592 crore
• Net profit down 36 percent at Rs 36 crore
• Tax credit of Rs 23 crore in base quarter
• Ebitda up 32 percent at Rs 86 crore
• Margin at 5.4 percent from 5.3 percent

Oriental Hotels (Q4, YoY)

• Revenue up 5 percent at Rs 98 crore
• Net profit down 14 percent at Rs 6 crore from Rs 7 crore
• Ebitda unchanged at Rs 20 crore
• Margin at 20.4 percent from 21.5 percent

Eicher Motors (Q4, YoY)

• Revenue up 33.9 percent at Rs 2528 crore
• Ebitda up 36.3 percent at Rs 797.2 crore
• Net Profit up 0.5 percent at Rs 461.5 crore
• Margin at 31.5 percent from 31 percent

Federal Bank (Q4, YoY)

• Net Interest Income up 11 percent at Rs 933 crore
• Net profit down 44 percent at Rs 145 crore
• Provisions up 129 percent at Rs 371.5 crore from Rs 162 crore (QoQ)
• GNPA at 3.0 percent
• NPA at 1.69 percent

Linde India (Q4, YoY)

• Revenue up 2.5 percent at Rs 528 crore
• Net profit up 100 percent at Rs 2 crore
• Ebitda down 67 percent at Rs 3 crore
• Margin at 0.6 percent from 1.7 percent
• Profit higher on account of tax credit

Sintex Plastics Technology (Q4, QoQ)

• Revenue down 3 percent at Rs 1293 crore
• Net loss of Rs 12 crore from net profit of Rs 52 crore
• Ebitda down 36 percent at Rs 118 crore
• Margin at 9.1 percent from 13.9 percent

Dhampur Sugar (Q4, YoY)

• Revenue up 22 percent at Rs 921 crore
• Net loss of Rs 36 crore from net profit of Rs 108.5 crore
• Ebitda at Rs -17 crore from Rs 176 crore
• Margin at -1.8 percent from 23.4 percent