Stocks To Watch: ACC, GAIL, Grasim, M&M, NTPC, RIL, Tata Steel, SAIL, UPL, Yes Bank

Asian shares fell along with U.S. stock futures while haven assets nudged higher at the start of a week.

Equities opened lower in South Korea, Japan and Australia, while futures on the S&P 500 Index declined about 0.5 percent. The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, fell 0.36 percent to 12,041 as of 6:50 a.m.

As investors grapple with assessing the impact of the virus on global growth, China’s central bank on Monday will offer its first batch of special re-lending funds as it seeks to combat the outbreak.

Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.

Here Are The Stocks To Watch Out For In Today’s Trade

• Yes Bank: Shareholders approved increasing authorised share capital of the bank. The also gave a nod to authorize capital raising through the issue of equity shares or other convertible securities.
• UPL said the tax department looking to review the company’s global operations.
• L&T said that it has completed the metro project at Hyderabad.
• Tata Motors: JLR to cut production half or one day a week at its Solihull and Castle Bromwich plants to achieve the necessary operational efficiencies and align production to current demand conditions. (Bloomberg)
• Lumax Auto Technologies signed a JV deal with Japan’s Yokowo to manufacture and supply antennas and other vehicle communication products. The company also signed MoU with China’s Ananda Drive Techniques for the manufacturing of electric vehicle products.
• J&K Bank: Board approved raising Rs 500 crore through preferential share allotment.
• SH Kelkar: Board approved the closure of fragrance ingredients manufacturing facility and research activity in the Netherlands.
• Biocon: Bengaluru NCLT approved amalgamation of Biocon Research with Biocon Biologics.
• NHPC: Board approved raising Rs 1,000 crore via debt.
• Ashok Leyland to acquire a 7 percent stake in its arm Hinduja Leyland Finance for Rs 390.5 crore.
• UltraTech Cement to consider raising via NCDs aggregating to Rs 250 crore on Feb. 12.
• Hindustan Aeronautics signed agreements with SC Rosoboronexport, Indian Coast Guard, IIT Kanpur and Turbo Aviation for various services.
• Bank of India reduced MCLR by 10 basis points for maturities up to six months. Reduced interest rates on housing loan to 8 percent per annum and vehicle loan to 8.50 percent per annum. All reductions to be effective from Feb. 10.
• IIFL Securities received approval for its maiden Alternative Investment Fund.
• Whirlpool: Board appointed Vishal Bhola as managing director of the company till April 2025.
• Spandana Sphoorty Financial: JM Financial reduced its stake from 6.01 percent to 3.36 percent in the company on Feb. 5.
• PI Industries to consider raising capital on Feb. 12
• Neuland Laboratories says U.S. FDA inspected a unit of Sangareddy facility and issued form 483 with two observations.
• Oriental Bank of Commerce reduced MCLR across various tenors with effect from Feb. 10. One Month MCLR at 7.5 percent.
• OM Metals Infra Projects in a consortium bagged Rs 263.1 order from the Government of Madhya Pradesh.
• Reliance Capital said the servicing of interest or principal of non-convertible debentures due on Feb. 7 is delayed.
• Indiabulls Housing Finance says rating agency CRISIL has revised the long-term rating of the company to “CRISIL AA” with a stable outlook. The rating agency cited challenges faced in accessing diverse sources of funding following the situation for non-banks since September 2018
• Cipla expands women's health portfolio through the acquisition of four key brands from Wanbury. These brands, previously commercialised by Wanbury, have a market size of Rs 3,100 crore in India with a sales value of Rs 59.6 crore.
• Shilpa Medicare receives zero observations after the inspection of its API units (I & II) located in Karnataka by U.S.FDA.
• Mastek to acquire the middle east business of evolutionary systems Arabia FZ LLC through its group company for $65 million.

Earnings Reaction To Watch

Mahindra & Mahindra (Q3, YoY)

• Revenue fell 6 percent to Rs 12,120 crore.
• Ebitda rose 1.6 percent to Rs 1,793 crore.
• Margins stood at 14.8 percent versus 13.7 percent.
• Net Profit fell 73 percent to Rs 380 crore.

Tata Steel (Q3, YoY)

• Revenue declined 8.6 percent to Rs 35,520.4 crore.
• Net loss at Rs 1,029.1 crore versus net profit at Rs 2,334.2 crore.
• Ebitda down 46.1 percent to Rs 3,619.8 crore.
• Operating margin at 10.2 percent versus 17.3 percent.
• Exceptional loss of Rs 328.6 crore due to provisions created for impairment of assets, demand, claims, and employee compensation.

Britannia (Q3, YoY)

• Revenue rose 4.9 percent to Rs 2,982.7 crore.
• Net profit rose 23.9 percent to Rs 372.6 crore.
• Ebitda up 11.1percent to Rs 502.1 crore.
• Margin at 16.8 percent versus 15.9 percent.
• Board approved commercial paper issue of Rs 800 crore.

NTPC (Q3, YoY)

• Revenue drop 2.6 percent at Rs 23,496.4 crore.
• Net profit up 25.6 percent to Rs 2,995.1 crore.
• Ebitda rose 6 percent to Rs 6,976.4 crore.
• Margin at 29.7 percent versus 27.3 percent.
• Other Income up 2.8 times to Rs 526.3 crore.

UPL (Q3, YoY)

• Revenue up 80.7 percent to Rs 8,892 crore.
• Net profit jumped 52.1 percent to Rs 701 crore.
• Ebitda up 2 times to Rs 2,070 crore.
• Margin at 23.3 percent versus 20.6 percent.

*Numbers not comparable due to incorporation of Arysta's financials from Q4FY19

Whirlpool (Q3, YoY)

• Revenue rose 4.9 percent to Rs 1,271.2 crore.,
• Net profit rose 20.8 percent to Rs 73.2 crore.
• Ebitda declined 8 percent to Rs 89.7 crore.\
• Margin at 7.1 percent versus 8 percent.

ACC (Q3, YoY)

• Revenue rose 4.2 percent at Rs 4,060.3 cror.
• Adjusted net profit up 17 percent to Rs 269.2 crore.
• Ebitda up 11 percent to Rs 540.6 crore.
• Margin at 13.3 percent versus 12.5 percent.

KEC International (Q3, YoY)

• Revenue rose 16.1 percent to Rs 3,073.1 crore.
• Net profit up 28.9 percent to Rs 144.9 crore.
• Ebitda rose 13.2 percent to Rs 318.5 crore.
• Margin at 10.4 percent versus 10.6 percent.

New India Assurance (Q3, YoY)

• Premium Earned up 11.7 percent to Rs 6,176.5 crore versus Rs 5,529 crore.
• Net profit to Rs 494.9 crore versus net loss at Rs 112.8 crore.
• Solvency Ratio at 2.1 times.

Oberoi Realty (Q3, YoY)

• Revenue flat at Rs 527.4 crore versus Rs 528.6 crore.
• Net profit up 7.5 percent to Rs 148.2 crore.
• Ebitda up 22.2 percent to Rs 229.9 crore.
• Margins at 43.6 percent versus 35.6 percent.

Container Corporation of India (Q3, YoY)

• Revenue fell 7.8 percent to Rs 1527.6 crore.
• Net profit declined 36.1 percent to Rs 175.5 crore.
• Ebitda fell 11.1 percent to Rs 371.8 crore.
• Margin at 24.3 percent versus 25.2 percent.

Mahanagar Gas (Q3, YoY)

• Revenue down 1.1 percent to  Rs 744.5 crore.
• Net profit rose 25.5 percent to Rs 186.1 crore.
• Ebitda rose 8.3 percent to Rs 258.9 crore.
• Margin at 34.8 percent versus 31.8 percent.

Nifty Earnings To Watch

• GAIL
• Grasim Industries

Other Earnings To watch

• NALCO
• MRF
• Dilip Buildcon
• Phoenix Mills
• Union Bank of India
• Kajaria Ceramics
• Somany Ceramics
• Kalpataru Power Transmission
• Motherson Sumi Systems
• Sheela Foam
• Rupa & Company
• Oil India
• Petronet LNG
• Chalet Hotels
• Indiabulls Real Estate
• Indian Overseas Bank
• General Insurance Corporation of India
• Bajaj Consumer Care
• Balrampur Chini Mills
• Sundaram Finance
• Bharat Forge
• Birla Precision Technologies
• Bombay Dyeing
• Capacit'e Infraprojects
• CESC Ventures
• Dwarikesh Sugar Industries
• Eros International Media
• Fairchem Speciality
• Aban Offshore
• ARSS Infrastructure Projects
• Ashapura Minechem
• Shilpa Medicare
• DCM Shriram Industries
• DFM Foods
• Gujarat Sidhee Cement
• Gujarat State Financial Corporation
• HBL Power Systems
• IL&FS Investment Managers
• India Glycols
• India Nippon Electricals
• Indian Terrain Fashions
• Ingersoll Rand (India)
• IOL Chemicals and Pharmaceuticals
• JMC Projects (India)
• Majesco
• Patel Engineering
• Punjab & Sind Bank
• Sandhar Technologies
• State Trading Corporation Of India

Bulk Deals

Aavas Financiers

• Lake District Holdings sold 36.6 lakh shares (4.68 percent) to Rs 1,819.47 each.
• Kotak Funds acquired 8.9 lakh shares (1.13 percent) to Rs 1,818 each.
• American Funds Insurance Series acquired 4 lakh shares (0.51 percent) to Rs 1,818 each.
• Smallcap World Fund acquired 15.34 lakh shares (1.96 percent) to Rs 1,818 each.
• HSIL: Promoter Paco Exports acquired 7.6 lakh shares (1.05 percent) to Rs 50.17 each.
• Sadbhav Engineering: Norges Bank sold 9.09 lakh shares (0.53 percent) to Rs 117.92 each.

Trading Tweaks

• GFL, Apollo Tricoat Tubes to move into ASM Framework
• Ruchi Soya Industries to move into short term ASM Framework
• Kirloskar Electric to move out of short term ASM Framework

Who’s Meeting Whom

• Tata Motors to meet Axis MF, IDFC MF and other investors from Feb. 10-14.
• M&M Financial Services, Mahindra Logistics to meet TIAA CREF on Feb. 10.
• Rallis India to meet RARE Enterprises on Feb. 18.
• Trent to meet UBS Securities on Feb. 11.
• Escorts to meet Westwood International Advisors, FSSA Investment and other investors from Feb. 10-20.
• Inox Leisure to meet various investors including Soros Capital, Newport Asia among others between Feb. 10-24.

Insider Trading

• Pidilite Industries promoter Harish Parekh sold 42,500 shares from Feb. 5-6.
• Just Dial promoter Ramani Iyer sold 1.5 lakh shares on Feb. 4.
• Laurus Labs promoter Srihari Kalidindi sold 3.52 lakh shares on Feb. 4.

Money Market Update

• The rupee ended at 71.41/$ on Friday versus 71.20/$ On Thursday.

F&O Cues

Index Futures

• Nifty February futures closed at 12,095.9 discount of 2.4 points versus 1.5 points.
• Nifty February futures OI up 0.2 percent, adds 21,000 shares in OI.
• Nifty Bank February futures closed at 31,240.4, premium 38.5 points versus 28.8 points.
• Nifty Bank futures OI up 3 percent, adds 36,000 shares in OI.

Options

• Nifty PCR at 1.39 versus 1.48 (Across all series)

Nifty Weekly Expiry: Feb 13

• Max OI on call side at 12,200 (17.9 lakh shares)
• Max OI on put side at 12,000 (16.9 lakh shares)
• OI addition seen at 12,200C (+6.2 lakh shares), 12,150C (+6 lakh shares), 11,900P (+4.4 lakh shares)

Nifty Monthly Expiry: Feb 27

• Max OI on call side at 12,500 (26 lakh shares)
• Max OI on put side at 12,000 (31.6 lakh shares)

Securities In Ban

• Yes Bank