Stocks To Watch: Adani Power, Berger Paints, Cipla, Inox Leisure, ITC, RIL

Indian equity markets ended higher for the fourth straight session, spurred by positive global sentiment, even as the verdict of the U.S. Presidential elections hangs in the balance. The S&P BSE Sensex ended 1.8% - or 740 points higher at 41,355. The index turned positive for the year, surpassing the level of 41,253. The NSE Nifty 50 index too ended 1.8% higher at 12,120. The 50 stock index is 48 points away from turning positive for 2020.

Here are the stocks to watch in trade today:

• Reliance Industries: Saudi PIF has invested Rs 9,555 crore (2.04% equity stake) in Reliance Retail Ventures. This investment values Reliance Retail Ventures at a pre-money equity value of Rs 4.587 lakh crore.
• Adani Green Energy’s arm Adani Solar Energy Jodhpur Two has commissioned its 50 MW Solar Power Project as an Independent Power Producer for sale of power to third parties or on power exchange.
• Greaves Cotton: Amit Mittal resigned as CFO with effect from Nov. 5 due to personal reasons.
• Minda Corp to allot 1.19 crore shares at Rs 70 per share aggregating to Rs 83 crore on a preferential basis to PHI Capital Trust.
• Inox Lesiure: Board approved raising Rs 250 crore via equity or other securities.
• JSPL: Sarda Mines can resume operations after paying fine of Rs 5 lakh to Odisha government, which means JSPL can lift iron ore from SMPL post this fine payment.
• Cupid to expand its manufacturing base to medical diagnostic test which included Rapid diagnostics tests and ELISA tests, both for domestic markets and exports.

Earnings

Aditya Birla Capital Q2 (Consolidated, YoY)

• Revenue up 14% at Rs 4,879 crore
• Net profit up 3% at Rs 264 crore
• Gross disbursement in lending businesses has bounced back to pre-Covid-19 levels in September

Inox Leisure Q2 (Consolidated, YoY)

• Revenue down 99.9% at Rs 0.4 crore
• Net loss at Rs 67.8 crore versus Net profit at Rs 35.1 crore
• Ebidta down 75.8% at Rs 40.6 crore
• Received rent concession of Rs 72.3 crore in current quarter

Berger Paints Q2 (Consolidated, YoY)

• Revenue up 9% at Rs 1,742.6 crore
• Net profit up 13.3% at Rs 220.9 crore
• Ebitda up 33.5% at Rs 335.2 crore
• Margins at 19.2% versus 15.7%
• Margins improve due to lower raw material costs

Adani Power Q2 (Consolidated, YoY)

• Revenue up 31% at Rs 7,749.2 crore
• Net profit at Rs 2,228.1 crore versus Rs 3.9 crore
• Ebidta up 3 times at Rs 4,042.6 crore
• Margins at 52.2% versus 22.8%
• Lower fuel costs, lower transmission charges and higher realisation impact margins
• Net profit impacted by higher other income

Dalmia Bharat Q2 (Consolidated, YoY)

• Revenue up 7.78% at Rs 2,410 crore
• Net profit at Rs 232 crore versus Rs 27 crore
• Ebidta up 49.3% at Rs 703 crore
• Margins at 29.2% vs 21.1%
• Ebidta/ton at Rs 1,457 versus Rs 1,039
• Sales volume at 4.8 MT versus 4.47 MT
• Margins improve due to lower power and freight expenses

Earnings Today

• Cipla
• ITC
• Vedanta
• 8K Miles Software Services
• Action Construction Equipment
• Aditya Birla Fashion and Retail
• Alkem Laboratories
• Allcargo Logistics
• Ashok Leyland
• Astral Poly Technik
• Balmer Lawrie & Company
• Balkrishna Industries
• BEML
• Bharat Electronics
• Bharat Heavy Electricals
• Bosch
• Central Bank of India
• CESC
• Chemcon Speciality Chemicals
• CreditAccess Grameen
• DFM Foods
• Dhampur Sugar Mills
• Dilip Buildcon
• Dr. Lal Path Labs
• Excel Industries
• Fertilizers and Chemicals Travancore
• Glenmark Pharmaceuticals
• Gujarat Narmada Valley Fertilizers and Chemicals
• Gulf Oil Lubricants India
• India Cements
• Indoco Remedies
• IOL Chemical & Pharma
• Jubilant Industries
• Kaya
• Kirloskar Industries
• Kolte-Patil
• KRBL
• Lemon Tree Hotels
• Manappuram Finance
• MRF
• Quick Heal Technologies
• REC
• Sequent Scientific
• Shipping Corporation Of India
• SML ISUZU
• Sonata Software
• Sundaram Brake Linings
• Tasty Bite Eatables
• Tata Consumer Products
• Union Bank of India
• United Breweries
• Voltas
• VRL Logistics

Bulk Deals

• Mold-Tek Packaging Rights Issue: Kitara India Micro Cap Growth Fund sold 4,045 right shares at Rs 808.92 per rights share.

Who’s Meeting Whom

• Mahindra Logistics to meet Steinberg Asset Management and Axis Capital on Nov. 6
• Tata Chemicals to meet Franklin Templeton Investments on Nov. 9

Trading Tweaks

• Ex-Date For Buyback: Cosmo Films
• Move Into ASM Framework: TCM
• Move Into Short Term ASM Framework: Pitti Engineering
• Move Out Of Short Term ASM Framework: Angel Broking, Mold-Tek Technologies, NDR Auto Components, Sanghi Industries, Suzlon Energy

Insider Trades

• HFCL promoter MN Ventures acquired 10 lakh shares on Nov.5
• DB Corp promoter Bhawna Agarwal acquired 49,150 shares from Oct. 26-Nov. 3

(As Reported On Nov. 5)

F&O Cues

• Nifty November futures closed at 12,152; premium of 32 points vs discount of 1 point
• Nifty November futures Open Interest up 7.5%, adds 7.9 lakh shares in Open Interest
• Nifty Bank November futures closed at 26,307; discount of 6 points vs discount of 86 points
• Nifty Bank November futures Open Interest up 11%, adds 1.8 lakh shares in Open Interest

Options

• Nifty PCR at 1.59

Nifty Monthly Expiry: Nov 12

• Max Open Interest on call side at 13,000 (17.9 lakh shares)
• Max Open Interest on put side at 12,000 (18.3 lakh shares)
• Active options: 12,000 Put (+17.8 lakh shares), 13,000 Call (+15.3 lakh shares)

Nifty Monthly Expiry: Nov 26

• Max Open Interest on call side at 12,000 (18.2 lakh shares)
• Max Open Interest on put side at 11,000 (25.4 lakh shares)