Stocks To Watch: ABB India, Biocon, Escorts, Godrej Consumer Products, Indiabulls Real Estate, Manappuram Finance, PFC, REC, Siemens India

Asian stocks retreated after Federal Reserve Chair Jerome Powell warned about economic risks and big-name investors fueled doubts about valuations. Treasuries held gains. Shares opened lower in Tokyo, Seoul and Sydney, though declines were shallower than seen on Wall Street.

Here are the stocks to watch in trade today:

• Power Finance Corporation, REC to extend loans up Rs 90,000 crore to power discoms to pay dues to power generating companies.
• Maruti Suzuki: Board approved supply of derivative model of Vitara Brezza to Toyota Kirloskar Motor. Board had also approved supply of derivative model of Baleno to Toyota Kirloskar Motor on March 27. Company said this will result in incremental sales. Approved acquiring 49.13 percent stake in JJ Impex from Japan’s Sumitomo Corporation for Rs 21.7 crore.
• CSB Bank: March Update- Total deposits up 4.4 percent at Rs 15,790.7 crore. Gross Advances up 6 percent at Rs 11,558.9 crore. Liquidity coverage ratios at 245 percent versus 214.8 percent, on a year on year basis.
• PNC Infratech has been declared lowest bidder of NHAI’s HAM project for Rs 1,412 crore in Uttar Pradesh.
• Infosys and NICE Actimize have announced strategic partnership to offer end-to-end financial crime solutions.
• Future Consumer to consider proposal of rights issue on May 16.
• Siemens India: Board has agreed in-principle to sell its mechanical drives business to parent company Siemens AG. The aforementioned segment accounts for 5 percent of the turnover of the company.
• Future Lifestyle Fashions: CARE Ratings has revised downwards the credit ratings across various facilities. Long term banking facilities and NCDs downgraded to CARE A+ from CARE AA-, with outlook remaining stable. The revision of ratings factors in weakening in business and financial risk profile on account of extended lockdown due to Covid-19. CARE Ratings expects the recovery to be slow and gradual on account of extension of lockdown and given the discretionary spend by the customers towards apparels.
• Mahanagar Gas: Board approved the appointment of Manoj Jain, chairman and managing director, GAIL ,as chairman of the company with effect from May 6.

Resumption Of Operations

• Kirloskar Electric
• Kirloskar Pneumatic
• Pricol
• Finolex Industries
• Schaeffler India

Other Earnings

Godrej Consumer Products Q4 (Consolidated, YoY)

• Revenue down 12.2 percent at Rs 2,153.8 crore
• Net profit down 75.4 percent at Rs 229.9 crore
• EBITDA down 17.8 percent at Rs 476.6 crore
• Margins at 22.1 percent versus 23.6 percent
• Deferred Tax Reversal of Rs 533.5 crore in base quarter
• India business volume contracted by 15 percent

Schaeffler India Q1CY2020 (Standalone, YoY)

• Revenue down 20.8 percent at Rs 928.5 crore
• Net profit down 26.2 percent at Rs 78.4 crore
• EBITDA down 25.5 percent at Rs 137.3 crore
• Margins at 14.8 percent versus 15.7 percent
• Decline in top line due to deferred offtake by customers and slow-down in short-cycle business related to COVID-19

Siemens India Q2-Year End In September (Consolidated, YoY)

• Revenue down 20.7 percent at Rs 2,837.9 crore
• Net profit down 38.2 percent at Rs 175.7 crore
• EBITDA down 42.8 percent at Rs 237.5 crore
• Margins at 8.4 percent versus 11.6 percent
• Margins impacted by higher other expenses due to Covid-19 impact

ABB India Q1CY2020 (Standalone, YoY)

• Revenue down 17.7 percent at Rs 1,522.2 crore
• Net profit down 44.4 percent at Rs 64.6 crore
• EBITDA down 90 percent at Rs 14.5 crore
• Margins at 1 percent versus 7.9 percent
• Margins impacted by higher other expenses due to Covid-19 impact
• Orders increased by 10 percent and order backlog at Rs 4,444 crore

Earnings Today

• Escorts
• Aavas Financiers
• Accelya Solutions
• Biocon
• Oracle Financial Services
• Indiabulls Real Estate
• Manappuram Finance
• Tata Consumer Products
• Mahindra Lifespace Developers
• Indian Energy Exchange
• Shree Digvijay Cement
• Zensar Technologies
• Mahindra EPC Irrigation
• TV Today Network
• Datamatics Global Services
• California Software

Bulk Deals

• Reliance Naval & Engineering: Yes Bank sold 65 lakh shares (0.88) percent at Rs 1.01 per share.
• SeQuent Scientific: TIMF Holdings sold 25.3 lakh shares (1.02 percent) at Rs 80 per share and BNP Paribas Arbitrage sold 34.7 lakh shares (1.4 percent) at Rs 80 per share.

Pledged Share Details

• Emami promoters created pledge of 23.7 lakh shares on May 11
• Solara Active Pharma Sciences promoter invoked pledge of 50 lakh shares from May 2-7
• Uniply Industries promoter invoked pledge of 23 lakh shares on March 21

(As Reported On May 13)

Who’s Meeting Whom

• Info Edge to meet Kim Eng Securities-Maybank on May 14

Trading Tweaks

• Record Date For Rights Issue: Reliance Industries (Rights at 1:15 at Rs 1,247 per share)
• Price Band Revised From 20% To 10%: S H Kelkar
• Move Into Short-Term ASM Framework: Hathway Cable & Datacom, NDTV
• Move Out Of Short-Term ASM Framework: Apollo Micro Systems, Insecticides

Insider Trading

• Apollo Tricoat Tubes promoter Saket Agarwal sold 15 lakh shares on May 11

(As Reported On May 13)

F&O Cues

• Nifty May futures closed at 9394, premium of 10 points versus 15 points premium
• Nifty May futures open interest up 0.9 percent, adds 67,000 shares in open interest
• Nifty Bank May futures closed at 19617, discount of 18 pts versus 22 pts discount
• Nifty Bank May futures open interest down 16.7 percent, sheds 2.4 lakh shares in open interest

Options

• Nifty PCR at 1.12 versus 1.28 (across all series)
• Nifty Weekly Expiry: May 14
• Max open interest on call side at 9500 (24 lakh shares)
• Max open interest on put side at 9000 (17 lakh shares)
• Active Options: 9300 Put (+4.5 lakh shares), 9700 Call (+8.4 lakh shares)

Nifty Monthly Expiry: May 28

• Max open interest on call side at 10000 (20.4 lakh shares)
• Max open interest on put side at 9000 (24.3 lakh shares)

Securities In Ban

• Vodafone Idea, BHEL