Stocks To Watch: Bombay Dyeing, HUL, Fortis, Kaveri Seeds

Indian equity benchmarks were little changed as market participants stayed away from taking risky bets a day ahead of Karnataka assembly election results.

The NSE Nifty 50 index was unchanged at 10,806.60 and the S&P BSE Sensex was little changed at 35,557.

Stocks To Watch In Tuesday’s Trade

• Manipal-TPG revises offer for Fortis Healthcare to Rs 180 per share
• RBI imposes further restrictions under PCA on Allahabad Bank.
• JK Paper approves setting up additional capacity upto 2 lakh tonnes per annum of packaging board, pulping facilities up to 1.6 lakh tonnes per annum, and utilities in Gujarat for Rs 1,450 crore.
• Kaveri Seeds to consider share buyback on May 24.
• Adlabs Entertainment to consider issue of securities to QIB on May 17.
• Shalimar paints to consider rights issue on May 23.
• Delhi High Court agrees to hear plea filed by Daiichi and a strategic investor to stop Fortis sale.

Earnings Reaction To Watch

HUL (Q4, YoY)

• Revenue up 11 percent at Rs 9,097 crore
• Net profit up 14 percent at Rs 1,351 crore
• Ebitda up 24 percent at Rs 2,048 crore
• Margin at 22.5 percent versus 20.1 percent

Dr. Lal PathLabs (Q4, YoY)

• Revenue up 21 percent at Rs 267 crore
• Net profit up 25 percent at Rs 40 crore
• Ebitda up 28 percent at Rs 64 crore
• Margin at 24 percent versus 22.7 percent

Bombay Dyeing (Q4, YoY)

• Revenue up 44 percent at Rs 758 crore
• Net profit at Rs 11 crore versus net loss of Rs 62.5 crore
• Ebitda at Rs 229.5 crore versus Rs 109.5 crore
• Margin at 30.3 percent versus 20.8 percent

Polaris Consulting (Q4, QoQ)

• Revenue up 6 percent at Rs 721 crore
• Net profit up 25.5 percent at Rs 69 crore
• Ebit up 23 percent at Rs 97 crore
• Margin at 13.5 percent versus 11.6 percent

KEC International (Q4, YoY)

• Revenue up 29 percent at Rs 3,664 crore
• Net profit up 35 percent at Rs 196 crore
• Ebitda up 23 percent at Rs 370.5 crore
• Margin at 10.1 percent versus 10.6 percent

Balaji Amines (Q4, YoY)

• Revenue up 33 percent at Rs 257 crore
• Net profit up 83 percent at Rs 33 crore
• Ebitda up 22 percent at Rs 47 crore
• Margin at 18.3 percent versus 19.9 percent

JK Paper (Q4, YoY)

• Revenue up 8 percent at Rs 752 crore
• Net profit up 32 percent at Rs 74 crore
• Ebitda up 17 percent at Rs 167 crore
• Margin at 22.2 percent versus 20.4 percent

Honeywell Automation (Q4, YoY)

• Revenue up 8 percent at Rs 640 crore
• Net profit at Rs 58 crore versus Rs 22 crore
• Ebitda up 11 percent at Rs 80 crore
• Margin at 12.5 percent versus 12.2 percent

Cupid (Q4, YoY)

• Revenue down 4 percent at Rs 17.65 crore
• Net profit at Rs 2.7 crore versus Rs 4.9 crore
• Ebitda at Rs 3.85 crore versus Rs 7.9 crore
• Margin at 21.8 percent versus 42.9 percent

F&O Setup

• Nifty May Futures closed trading at 10,814.7 with premium of 8 points versus 13.6 points
• All series: Nifty open interest down 2 percent
• India VIX ended at 14.2, up 2 percent
• Max open interest for May series at 11,000 (open interest at 61.4 lakh, up 3 percent)
• Max open interest for May series at 10,500 (open interest at 66.7 lakh, up 6 percent)

F&O Ban

• In ban: Dewan Housing, IRB Infra, Jet Airways, JP Associates. Just Dial, Wockhardt
• New in ban: JP Associates, Just Dial
• Out of ban: Balrampur Chini
• Only intraday positions can be taken in stocks which are in F&O ban. There is a penalty in case of a rollover of these intraday positions

Bulk Deals

Mphasis

• First State Asian Equity Plus Fund bought 24.39 lakh shares (1.3 percent) at Rs 960 each
• Nomura Funds Ireland plc. India Equity Fund bought 11.20 lakh shares (0.6 percent) at Rs 961.1 each
• Oppenheimer International Small Company Fund bought 28.11 lakh shares (1.5 percent) at Rs 960 each
• Nomura India Stock Mother Fund bought 15.20 lakh shares (0.8 percent) at Rs 961.1 each
• Promoter Marble II Pte Ltd sold 1.54crore shares (8 percent) at Rs 960.09 each