All You Need To Know Going Into Trade On January 15

Stocks To Watch

• SAIL: OFS for Non-retail investors got demand for 74.75 crore shares as compared to the 18.07 crore shares on offer. The bids were received at an indicative price of Rs 65.49 per share. The Government has said that it will exercise its oversubscription option for about 20.65 crore additional shares. The OFS for Retail investors will open for subscription today.
• Bharat Dynamics: Has signed a Teaming Agreement with Thales to manufacture STARStreak Air Defence System in India. The company will become a part of the STARStreak global supply chain. The agreement will provide an opportunity to offer STARStreak missile system to the Indian Armed Forces with a minimum of 60% indigenous content under 'Make in India’.
• Kesoram Industries: To seek de novo approval from shareholders by way of special resolution for raising funds through the issuance of Optionally Convertible Debentures aggregating up to Rs 700 crore on private placement basis and conversion of OCDs into Equity Shares.
• IRCON International: Completed the work on 30 Km Korichhapar-Dharamjaigarh Section within the targeted date i.e., December 31, 2020. The work was executed by IRCON International under an SPV named Chhattisgarh East Railway Limited. A section of 44 Km length between Kharsia to Korichhaparis was already made operational by the company in October 2019. Now, with the completion of Korichhapar-Dharamjaigarh, the complete section of 74 Km between Kharsia-Dharamjaigar is functional.
• Bharti Airtel: Divests entire stake in Seynse Technologies held through Nettle Infrastructure Investments. The divestment was done for a cash consideration of an undisclosed sum.
• PNC lnfratech: PNC Bithur Kanpur Highways, a wholly-owned subsidiary of the company, has received communication from National Highways Authority of India confirming the achievement of Financial Closure for Aligarh-Kanpur Highway Project on Hybrid Annuity Mode. The bid project cost is Rs 2,052 crore and construction period will be 910 days.
• Bajaj Finance: Has allotted 2,220 secured NCDs of face value of Rs 10 lakh each aggregating to Rs 222 crore on a private placement basis.
• Nifty Earnings Today: HCL Technologies
• Non-Nifty Earnings Today: Hathway Cable & Datacom, Plastiblends India, L&T Finance Holdings, PVR, Shoppers Stop, Yaarii Digital Integrated Services
• Nifty Earnings On Saturday: HDFC Bank
• Non-Nifty Earnings On Saturday: Apollo Pipes, IRB InvIT Fund

Earnings Post Market Hours

Tata Steel Long Products Q3FY21 (Consolidated, YoY)

• Revenue up 37% at Rs 1,364.2 crore Vs Rs 999.3 crore
• Net profit of Rs 304.4 crore from Net loss of Rs 112.2 crore
• Ebitda at Rs 409.6 crore from Rs 34.9 crore
• Ebitda margin at 30% from 3.5%

HFCL Q3FY21 (Consolidated, YoY)

• Revenue up 50% at Rs 1,277.48 crore from Rs 853.47 crore
• Net Profit up 78% at Rs 82.24 crore from Rs 47 crore
• EBITDA up 82% at Rs 173.65 crore from Rs 95.17 crore
• EBITDA Margin at 13.5% from 11.2%
• Has a robust order book of Rs 7,313 crore with an attractive pipeline ahead
• Has become the largest FTTH Cable Manufacturer in the country
• Focus on expanding product portfolio and increasing exports

Den Networks Q3FY21 (Consolidated ,YoY)

• Revenue up 8% at Rs 342.1 crore from Rs 318 crore
• Net Profit up 237% at Rs 65.5 crore from Rs 19.3 crore
• EBITDA at 12% Rs 65 crore from Rs 58 crore
• EBITDA Margins at 19% from 18%
• Tax expense of Rs 26 crore in the base quarter

Bulk Deals

• Kopran: Vora Financial Services sold 2.75 lakh shares (0.64%) at Rs 119.89 per share.
• Cerebra Integrated Technologies: Dilipkumar Lakhi sold 6.83 lakh shares (0.56%) at Rs 39.87 per share.
• IIFL Securities: The company bought 56.51 lakh shares (1.77%) at Rs 52.74 per share. Bennett Coleman & Co sold 27.40 lakh shares (0.86%) at Rs 52.73 per share. Parajia Himatlal sold 26.48 lakh shares (0.83%) at Rs 52.77 per share.
• Sequent Scientific: Ascent India Fund III sold 40 lakh shares (1.61%) at Rs 200 per share.
• Ahluwalia Contracts (India): DSP Mutual Fund bought 5.94 lakh shares (0.89%) at Rs 265 per share and sold 32.68 lakh shares (4.88%) at Rs 265.11 per share. SBI Mutual Fund bought 26 lakh shares (3.88%) at Rs 265 per share.
• JK Tyre & Industries: Navodya Enterprises bought 15.46 lakh shares (0.63%) at Rs 87.27 per share.

Who’s Meeting Whom

• Endurance Technologies: To meet Nomura Asset Management Singapore on January 15.
• Advanced Enzyme Technologies: To meet Axis Mutual Fund on January 15.

Trading Tweaks

• Price Band Revised From 20% To 10%: Kaya
• Record Date Rights Issue: Urja Global
• Record Date Stock Split (From Rs 10 to Rs 1): SVP Global Ventures
• Record Date Buyback: Indian Toners & Developers
• Move Into Short-term ASM Framework: Bajaj Electricals, Sobha, PDS Multinational Fashions.
• Move Out Of Short-term ASM Framework: Alkyl Amines Chemicals, Mangalore Chemicals & Fertilizers, Indo Rama Synthetics (India).
• Move Into ASM Framework: Religare Enterprises, Kaya.

Money Market Update

• The currency ended at 73.03 against the U.S. Dollar, as compared to Wednesday's close of 73.14.
• The rupee was the third best performer in Asia on Thursday.

F&O Cues

• Nifty January futures ended at 14,632; premium of 37 points
• Nifty January futures added 5,925 shares in Open Interest
• Nifty Bank January futures ended at 32,706; premium of 187 points
• Nifty Bank January futures added 1.7% and 23,175 shares in Open Interest
• Nifty Put-Call Ratio at 1.67
• Out of F&O Ban: SAIL
• Stocks In F&O Ban: BHEL

Nifty: January 21 Expiry

• Maximum Open Interest on Call side at 15,000 strike (19 lakh shares)
• Maximum Open Interest on Put side at 14,500 strike (15 lakh shares)
• Active Options: 14,800 Call (+9.2 Lakh Shares) and 14,000 Put (+6.9 Lakh Shares)

Nifty: January 28 Expiry

• Maximum Open Interest on Call side at 15,000 strike (24.3 lakh shares)
• Maximum Open Interest on Put side at 14,000 strike (30.6 lakh shares)