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

Stocks To Watch: Bajaj Finance, Bajaj Finserv, Central Bank, JSW Steel, Tata Steel

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Indian equity benchmarks extended their decline for the second straight trading session, led by mixed earnings and political uncertainty in Karnataka

The S&P BSE Sensex closed 0.4 percent lower at 35,387.88, while the NSE Nifty 50 Index closed at 10,741.10 , down 0.6 percent.

Stocks To Watch In Thursday’s Trade

  • Divi’s Labs says U.S.FDA completes inspection of unit 1 at Telangana with no observations under Form 483
  • Transport Corporation to hive off cold chain unit

F&O Setup

  • Nifty May Futures closed trading at 10,761 with premium of 20 points versus 16.8 points
  • All series-Nifty open interest down 2 percent and Bank Nifty open interest down 6 percent
  • India VIX ended at 13.4, up 2 percent
  • Max open interest for May series at 11,000, open interest at 60.9 lakh, open interest down 4 percent
  • Max open interest for May series at 10,500, open interest at 55.3 lakh, open interest down 9 percent

F&O Ban

  • In ban: Dewan Housing, Jet Airways, JP Associates, Justdial, PC Jewelers, Wockhardt, PC Jewellers
  • New in ban: Reliance Communications
  • 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

Saksoft Ltd

  • Promoter SAK Industries bought 94,400 shares (0.9 percent) at Rs 240 each
  • Ajit Thomas sold 1 lakh shares (1 percent) at Rs 240 each

Syngene International: Promoter Biocon sold 15.56 lakh shares (0.8 percent) at Rs 612.1 each

Shree Renuka Sugars: Promoter Khandepar Investments Pvt Ltd sold 3.16crore shares (1.6 percent) at Rs 15.5 each

Reliance Communication: Sistema Shyam Teleservices sold 2.76crore shares (1 percent) at Rs 10.57 each

Uttam Galva Steel

  • Neera Gupta bought 10 lakh shares (0.7 percent) at Rs 12.95 each
  • Lydia Construction Pvt Ltd bought 7.25 lakh shares (0.5 percent) at Rs 13.24 each

Nifty Earnings To Watch

  • Bajaj Finance
  • Bajaj Finserv

Other Earnings To Watch

  • Alembic
  • Balkrishna Industries
  • Central Bank Of India
  • Coffee Day Enterprises
  • Escorts
  • JK Tyre & Industries
  • Kei Industries
  • McDowell Holdings
  • SRF
  • Taj GVK Hotels & Resorts
  • Voltas
  • Wabco India

Earnings Reaction To Watch

Tata Steel (Q4, YoY)

  • Revenue up 7 percent at Rs 36,132 crore
  • Net profit of Rs 10,187 crore from a net loss of Rs 725 crore
  • Ebitda down 7.5 percent at Rs 6,499 crore
  • Margin at 18 percent versus 20.7 percent

JSW Steel (Q4, YoY)

  • Revenue up 25 percent at Rs 20,817 crore
  • Net profit at Rs 2,996 crore from Rs 1,014 crore
  • Ebitda up 67 percent at Rs 5,290 crore
  • Margin at 25.4 percent versus 19 percent

Prataap Snacks (Q4, YoY)

  • Revenue up 30 percent at Rs 279.5 crore
  • Net profit down 13 percent at Rs 10 crore
  • Ebitda up 75 percent at Rs 21 crore
  • Margin at 7.5 percent versus 5.6 percent

Manali Petrochemical (Q4, YoY)

  • Revenue up 26 percent at Rs 190 crore
  • Net profit at Rs 27 crore from Rs 7 crore
  • Ebitda at Rs 44 crore from Rs 11 crore
  • Margin at 23.2 percent versus 7.3 percent

JK Lakshmi Cement (Q4, YoY)

  • Revenue up 11 percent at Rs 897 crore
  • Net profit up 62 percent at Rs 34 crore
  • Ebitda up 40 percent at Rs 101 crore
  • Margin at 11.3 percent versus 8.9 percent

Gujarat State Fertilizers (Q4, YoY)

  • Revenue up 33 percent at Rs 2,055 crore
  • Net profit down 17 percent at Rs 156 crore
  • Ebitda up 97 percent at Rs 227 crore
  • Margin at 11 percent versus 7.5 percent

Birla Corp (Q4, YoY)

  • Revenue up 16 percent at Rs 1,651 crore
  • Net profit up 30 percent at Rs 131 crore
  • Ebitda up 7 percent at Rs 252 crore
  • Margin at 15.3 percent versus 16.7 percent

Muthoot Finance (Q4, YoY)

  • Revenue from operations down 9.3 percent at Rs 1,551 crore
  • Net profit up 40 percent at Rs 451 crore
  • Other income at Rs 57 crore versus Rs 3.6 crore
  • Provisions and write-offs at Rs 59.6 crore

Tasty Bite Eatables (Q4, YoY)

  • Revenue up 12 percent at Rs 79 crore
  • Net profit down 5.5 percent at Rs 7.8 crore
  • Ebitda up 3 percent at Rs 15 crore
  • Margin at 19 percent versus 20.6 percent

Praj Industries (Q4, YoY)

  • Revenue down 9 percent at Rs 274.5 crore
  • Net profit up 17 percent at Rs 27 crore
  • Ebitda down 18 percent at Rs 31 crore
  • Margin at 11.3 percent versus 12.6 percent

Dishman Carbogen Amcis (Q4, YoY)

  • Revenue down 15 percent at Rs 451.5 crore
  • Net profit up 19 percent at Rs 51 crore
  • Ebitda down 17 percent at Rs 121 crore
  • Margin at 26.8 percent versus 27.3 percent

Zee Media (Q4, YoY)

  • Revenue up 33 percent at Rs 180 crore
  • Net profit down 44 percent at Rs 2.5 crore
  • Ebitda down 43 percent at Rs 20 crore
  • Margin at 11.1 percent versus 25.9 percent
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