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

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