A man looks up at an electronic screen displaying stock figures at the the Bombay Stock Exchange (BSE) in Mumbai, India (Photographer: Prashanth Vishwanathan/Bloomberg)  

Stocks To Watch: Asian Paints, Canara Bank, Fortis, PC Jeweller

Summary
  • Reliance Jio announces new postpaid plan starting Rs 199 per month.
  • Sharon bio-medicine gets Maharashtra Pollution Control Board approval to operate Taloja API plant.
  • Fortis Healthcare board says it will recommend the offer proposed by the Munjal and the Burman family offices.

Indian equity benchmarks halted their three-day gains dragged by Tata Motors, Sun Pharma, ITC and TCS.

The S&P BSE Sensex fell 0.21 percent or 73 points to 35,246 and the NSE Nifty 50 index slipped 0.23 percent or 25 points to 10,716.

Stocks To Watch In Friday’s Trade

  • PC Jeweller’s board approves buyback of 1.2 crore shares not exceeding Rs 424 crore at a price of Rs 350 per share.
  • Reliance Jio announces new postpaid plan starting Rs 199 per month.
  • Pennar Industries receives multiple orders worth Rs 492 crore.
  • Shree Pushkar Chemicals and Fertilizers board approves preferential allotment of equity to promoter group.
  • Sharon bio-medicine gets Maharashtra Pollution Control Board approval to operate Taloja API plant.

F&O Setup

  • Nifty May Futures closed trading at 10,725 with premium of 8 points versus 27.6 points.
  • All series-Nifty open interest down 1 percent and Bank Nifty open interest down 7 percent.
  • India VIX ended at 14.4, up 1 percent.
  • Max open interest for May series at 11,000, open interest at 58.2 lakh, open interest up 8 percent.
  • Max open interest for May series at 10,500, open interest at 54.6 lakh, open interest down 4 percent.

F&O Ban

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

Active Stock Futures

Bulk Deals

Infibeam: Nomura Singapore bought 30 lakh shares (0.6 percent) at Rs 167.75 each

Magma Fincorp

  • Amansa Holdings bought 32.75 lakh shares (1.4 percent) at Rs 166 each
  • GS Asia Growth Fund bought 20.14 lakh shares (0.8 percent) at Rs 166 each
  • HDFC Standard Life Insurance bought 15.26 lakh shares (0.6 percent) at Rs 166.48 each
  • Reliance Capital MF bought 39.15 lakh shares (1.7 percent) at Rs 166 each
  • KKR Mauritius Direct Investments sold 36.74 lakh shares (1.6 percent) at Rs 166.04 each
  • Zend Mauritius VC Investments sold 92.76 lakh shares (3.9 percent) at Rs 166 each

Earnings To Watch

  • Aarti Industries
  • Aditya Birla Fashion
  • Allahabad Bank
  • Canara Bank
  • Dena Bank
  • Graphite India
  • Havells India
  • Oracle Financial Services Software
  • Puravankara
  • Rain Industries
  • Sun TV Network
  • Tata Global Beverages

Earnings Reaction To Watch

Titan Co (Q4, YoY)

  • Net sales up 11.7 percent at Rs 3916 crore
  • Ebitda up 67 percent at Rs 454 crore
  • Ebitda Margin at 11.6 percent
  • Net profit up 40.5 percent at Rs 282 crore
  • Exceptional loss of Rs 80.7 crore

Nestle India (Q1, YoY)

  • Net sales up 10.6 percent at Rs 2757 crore
  • Ebitda up 34.6 percent at Rs 697 crore
  • Ebitda Margin at 25.3 percent
  • Net profit up 38 percent at Rs 424 crore

Ingersoll-Rand India (Q4, YoY)

  • Revenue down 4 percent at Rs 136 crore
  • Net profit down 2 percent at Rs 26.5 crore
  • Ebitda up 60 percent at Rs 24 crore
  • Margin at 17.6 percent
  • Raw material cost down 20 percent at Rs 68 crore
  • Tax expenses up 150 percent at Rs 15 crore

Mphasis Q4 QoQ

  • Revenue up 5 percent at Rs 1744.5 crore
  • Net profit up 11 percent at Rs 238 crore
  • Ebit up 14 percent at Rs 292.5 crore
  • Margin at 16.8 percent

Ujjivan Financial (Q4, YoY)

  • NII up 64.5 percent at Rs 211 crore
  • Net Profit grew 235 percent to Rs 64.9 crore
  • Proisions at Rs 34.7 crore
  • GNPA at 3.60 percent from 4.24 percent (QoQ)
  • NNPA at 0.7 percent from 1.0 percent (QoQ)

Shankara Building (Q4, YoY)

  • Revenue up 27 percent at Rs 761 crore
  • Net profit up 16 percent at Rs 22 crore
  • Ebitda up 20 percent at Rs 54 crore
  • Margin at 7.1 percent

Apollo Tyres (Q4, YoY)

  • Revenue up 21 percent at Rs 4031 crore
  • Net profit up 10 percent at Rs 250 crore
  • EBITDA up 39 percent at Rs 515 crore
  • Margin at 12.8 percent

Bharat Bijlee (Q4, YoY)

  • Revenue down 2 percent at Rs 223 crore
  • Net profit up 600 percent at Rs 49 crore
  • Ebitda up 26 percent at Rs 12 crore
  • Margin at 5.4 percent
  • Exceptional gain of Rs 47 crore in current quarter

Asian Paints (Q4, YoY)

  • Revenue up 14.7 percent at Rs 4483 crore
  • Net Profit up 4.1 percent at Rs 481 crore
  • Ebitda up 18.5 percent at Rs 839 crore
  • Margin at 18.7 percent

Zee Entertainment (Q4, YoY)

  • Revenue up 13 percent at Rs 1725 crore
  • Net profit down 85 percent at Rs 231 crore
  • Ebitda up 8 percent at Rs 505 crore
  • Margin at 29.3 percent

Chennai Petroleum (Q4, YoY)

  • Revenue up 43 percent at Rs 9788 crore
  • Net profit up 4 percent at Rs 178 crore
  • Other Income of Rs 81 crore in base quarter
  • Ebitda up 41 percent at Rs 355 crore
  • Margin at 3.6 percent

Akzo Nobel (Q4, YoY)

  • Revenue up 10 percent at Rs 700 crore
  • Net profit up 226 percent at Rs 238 crore
  • Ebitda down 6 percent at Rs 70 crore
  • Margin at 10 percent
  • One-time profit from sale of chemicals business worth Rs 186 crore in current quarter

Union Bank of India (Q4, YoY)

  • NII down 8.1 percent at Rs 2193 crore
  • Net Loss of Rs 2,583 crore
  • Provisions at Rs 5638 crore from Rs 2521 crore (QoQ)
  • GNPA at 15.73 percent
  • NNPA at 8.42 percent

Adani Enterprises (Q4, YoY)

  • Revenue down 13.5 percent at Rs 10234 crore
  • Net profit down 15 percent at Rs Rs 188 crore
  • EBITDA flat at Rs 656 crore
  • Margin at 6.4 percent vs 5.5 percent

Laurus Labs (Q4, YoY)

  • Revenue up 18.5 percent at Rs 560 crore
  • Net profit down 37 percent at Rs 45 crore
  • Ebitda up 1.5 percent at Rs 117 crore
  • Margin at 20.8 percent

RSWM (Q4, YoY)

  • Revenue down 7.5 percent at Rs 761 crore
  • Net profit down 52 percent at Rs 14 crore
  • EBITDA unchanged at Rs 70.5 crore
  • Margin at 9.3 percent
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