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Stocks To Watch: ACC, Bajaj Auto, Reliance Industries, Wipro

The Singapore-traded SGX Nifty fell 0.28 percent to 10,252.50 as of 7:30 am.



Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S. (Photographer: Michael Nagle/Bloomberg)
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S. (Photographer: Michael Nagle/Bloomberg)
  • Reliance Industries, BP submit revised investment plan for KG-D6 gas finds
  • Five bidders in fray for 30 percent stake in Jaiprakash Power
  • TCS says Nielsen extends pact with company for five years
    Jain Irrigation redeems foreign currency convertible bonds of $40 million Earnings to watch: ACC, Axis Bank, Bajaj Auto, Wipro among others.

The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index’s performance in India, fell 0.28 percent to 10,252.50 as of 7:30 am

Here are the stocks to watch out for in today’s session:

  • Reliance Industries: RIL and BP submit revised investment plan for KG-D6 gas finds
  • Mahindra & Mahindra Financial Services: Xl Group to acquire a 20 percent minority stake in unit Mahindra Insurance Brokers
  • Jaiprakash Power: Brookfield, Resurgent Power, India Power, Edelweiss ARC and JSW Energy submit bids for 30 percent stake
  • DB Realty: Settles LIC Housing Finance’s Rs 30.6 crore debt claim (Cogencis)
  • SAIL: Supplies special grade steel for INS Kiltan
  • Voltas: Pradeep Bakshi to takeover as CEO of the company
  • V2 Retail: To allot 20 lakh shares to India 2020 Fund II Ltd. at Rs 380 each and 10 lakh shares to promoters
  • Jain irrigation: Redeems foreign currency convertible bonds of $40 million
  • HCL Infosystems: To consider rights issue on October 20
  • PNB: Looks to raise $250-300 million via QIP (Mint)
  • GTL Infra: To refinance Rs 4,800 crore debt In 3 months; in talks with four global banks. To sign the deal in next 2-3 months (Business Line)

Circuit Revisions/Stock Splits/Ex-Date

  • Tata Teleservices: Circuit filter revised to 5 percent
  • IIFL Holdings: Ex-date for demerger of 5 Paisa Digital
  • Grasim: Added to the S&P BSE 500 Index
  • Hind Rectifiers: Trades ex-rights basis
  • Pokarna: Last trading day before stock split from Rs 10 to Rs 2
  • RBI said Elpro International FII limit of 24 percent has been breached, no further buying allowed

Today’s Nifty Call

Stocks To Watch: ACC, Bajaj Auto,  Reliance Industries, Wipro

Bulk Deals

Aries Agro

  • Vijay Kedia bought 2.6 lakh shares or 2 percent stake at Rs 199.93 each

IFB Industries

  • DSP Blackrock MF sold 4.7 lakh shares or 1.2 percent percent stake at Rs 800.01 each
  • Jwalamukhi Investments (Westbridge) buys 6.97 lakh shares or 1.7 percent stake at Rs 800 each

Radico Khaitan

  • Societe Generale bought 19.45 lakh shares or 1.5 percent stake at Rs 203.48 each

India Grid Trust

  • Reliance Venture Asset Management sold 25.51 lakh shares at Rs 94.5 each
  • Blue Diamond Properties Pvt Ltd bought 25.51 lakh shares at Rs 94.5 each

F&O Setup

  • Nifty October Futures closed with a premium of 24.9 points at 10,255.9
  • October Futures: Nifty open interest up 0.3 percent and Bank Nifty open interest down 6 percent
  • India VIX closed higher by 0.4 percent at 11.31
  • October series highest Call base at 10,200 (open interest at 32.4 lakh, down 6 percent)
  • October series highest Put base at 10,000 (open interest at 70.8 lakh)
  • October Call strikes 10,000 10,100, 10,200 saw open interest unwinding
  • October Put strikes 10,200, 10,300 saw open interest addition

F&O Ban

  • DHFL
  • Indiabulls Real Estate
  • Infibeam
  • JP Associates
  • JSW Energy
  • Reliance Communications
  • Reliance Capital

Active Stocks Futures

  • Federal bank saw open interest addition of 20 percent on long side
  • IndusInd saw open interest addition of 14 percent on short side
  • M&M Fin saw open interest addition of 14 percent on long side
  • Colgate saw open interest addition of 13 percent on short side
  • Bajaj Finance saw open interest addition of 11 percent on short side
  • Berger Paints saw open interest addition of 9 percent on long side
  • ICICI Prudential saw open interest addition of 8 percent on short side

Earnings Reaction To Watch

Oberoi Realty (Q2, YoY)

  • Revenue up 20.4 percent to Rs 303.5 crore
  • Net profit up 24.6 percent to Rs 104 crore
  • EBITDA up 31.6 percent to Rs 164.5 crore
  • Margins at 54.2 percent from 49.6 percent

DCB Bank (Q2, YoY)

  • Net profit up 21.7 percent to Rs 58.9 crore Vs Rs 48.4 crore
  • NII up 30.3 percent to Rs 248 crore Vs Rs 190.3 crore
  • Gross NPA at 1.80 percent from 1.74 percent (QoQ)
  • Net NPA at 0.90 percent from 0.92 (QoQ)

Sasken Tech (Q2, QoQ)

  • Net profit up 8.7 percent to Rs 18.7 crore
  • Revenue up 5.9 percent to Rs 125 crore
  • EBITDA up 37.8 percent to 18.6 crore
  • Margin to 14.9 percent

Hatsun Agro (Q2, YoY)

  • Net profit up 17.5 percent to Rs 38 crore
  • Revenue up 6.5 percent to Rs 1067 crore
  • EBITDA up 15.85 to Rs 105.4 crore
  • Margin at 9.9 percent

Delta Corp (Q2, YoY)

  • Net profit up 33.5 percent to Rs 43 crore
  • Revenue up 8.2 percent to Rs 145 crore
  • EBITDA up 14.3 percent to Rs 64.5 crore
  • Margin at 44.5 percent

Persistent System (Q2, QoQ)

  • Net profit up 10 percent to Rs 82.6 crore
  • Revenue up 4.6 percent to Rs 761.2 crore
  • EBIT up 19.3 percent at Rs 77.8 crore
  • EBIT margin at 10.2 percent

Bajaj Finserv (Q2, YoY)

  • Net profit up 13.3 percent to Rs 652 crore
  • Revenue up 27.7 percent to Rs 7561

Nifty Results Today

  • Axis Bank
  • Bajaj Auto
  • Wipro

Other Results Today

  • ACC
  • AB Money
  • Atul Auto
  • Bajaj Holdings
  • Blue Dart
  • Crisil
  • ICICI Lombard
  • Nucleus Software
  • Prakash Industries
  • RS Software
  • Som Distilleries
  • Tata Sponge

Brokerage Radar

  • Strides Shasun: HDFC Securities initiated coverage with a ‘Buy’ and price target of Rs 1,200
  • Prime Focus: Motilal Oswal initiated coverage with a ‘Buy’ rating and price target of Rs 130
  • Kansai Nerolac: IDFC Securities maintained ‘Outperform’ rating and hiked price target to Rs 522 from Rs 483

Bajaj Finance

  • JP Morgan maintained ‘Overweight’ with price target of Rs 1,875
  • Credit Suisse maintained ‘Underperform’ and hiked price target to Rs 1,250 from Rs 1,000

Federal Bank

  • Morgan Stanley maintained an ‘Equal Weight’ on the stock with price target of Rs 95
  • Deutsche Bank retained its ‘Buy’ rating and hiked price target to Rs 135 from Rs 130
  • UBS reiterated its ‘Buy’ on the stock with price target of Rs 140

Persistent Systems

  • Citi maintained ‘Sell’ and hiked price target to Rs 585 from Rs 575
  • IDFC Securities maintained ‘Outperformer’ and hiked price target to Rs 280 from Rs 260
  • KRChoksey maintained ‘Buy’ and hiked price target to Rs 348 from Rs 308

Colgate India

  • CLSA maintained ‘Sell’ with price target of Rs 1,000
  • Credit Suisse maintained ‘Neutral’ stance and cut price target to Rs 1,025 from Rs 1,090
  • UBS maintained ‘Buy’ on the stock with price target of Rs 1,250

Sterlite Technologies

  • IDFC Securities maintained ‘Outperformer’ rating and hiked price target to Rs 280 from Rs 260
  • KRChoksey maintained ‘Buy’ rating and hiked price target to Rs 348 from Rs 308