Stocks To Watch: Ambuja Cements, Bharti Infratel, Hexaware, IDBI Bank, JSW Steel, Nestle, Tech Mahindra, Yes Bank

Indian equity markets ended their four-day winning streak after a choppy weekly expiry session. Benchmark indices continued to fluctuate between the day's high and day's low, ending off the lowest point of the day.

Here are the stocks to watch in trade today:

• Music Broadcast: Board recommends issuance of 1 bonus non-convertible non-cumulative redeemable preference share for every 10 equity shares held by the non-promoter shareholders. Issue price is Rs 100 per share translating to the total issue size of Rs 89.69 crore.
• Tech Mahindra: Company’s wholly owned subsidiary Tech Mahindra (Americas), Inc. has agreed to acquire 6.03% equity shares in VitalTech Holdings, Inc. The target entity, headquartered in Texas, is engaged in the business of cloud-based Telehealth and remote patient monitoring platform development and services. Turnover for the financial year ended 31st December, 2019 was US$ 0.396 million
• HDFC AMC: Appoints KPMG as the internal auditor of the company with immediate effect on resignation of company's Internal audit head--Mr. Gautam Chandra. Chandra is moving into another role within the company
• Kirloskar Brothers: Company says that no fraud was found in the SEBI order against promoters Sanjay Kirloskar and Pratima Kirloskar. The transactions were between private parties with parity of information and no loss was caused to minority shareholders and the public.

Earnings

Bharti Infratel (Q2 Consolidated, QoQ)

• Revenue up 5% at Rs 3695 crore versus Rs 3505 crore (Est. Rs 3554 crore)
• Net profit up 4% at Rs 733 crore versus Rs 704 crore. (Est. Rs 750 crore)
• Ebitda up 1.6% at Rs 1836 crore versus Rs 1807 crore. (Est. Rs 1831 crore)
• Ebitda margins at 49.7% versus 51.6%. (Est. 51.5%)

Hexaware Technologies (Q2 Consolidated, YoY)

• Revenue up 7% at Rs 1585.9 crore versus Rs 1481.3 crore
• Net profit down 11% at Rs 162.7 crore versus Rs 183.7 crore.
• Ebitda up 17% at Rs 277.4 crore versus Rs 237.8 crore.
• Ebitda margins at 17.5% versus 16.1%.

Alembic Pharmaceuticals (Q2 Consolidated, YoY)

• Revenue up 17% at Rs 1457 crore versus Rs 1240.8 crore
• Net profit up 35% at Rs 333.4 crore versus Rs 246.3 crore.
• Ebitda up 28% at Rs 443.4 crore versus Rs 345.5 crore.
• Ebitda margins at 30.4% versus 27.8%.

Ambuja Cements (Q2 Standalone, YoY)

• Revenue up 9% at Rs 2852.5 crore versus Rs 2625.7 crore (Est. Rs 2697.9 crore)
• Net profit up 88% at Rs 440.5 crore versus Rs 234.6 crore. (Est. Rs 374.4 crore)
• Ebitda up 55% at Rs 680.3 crore versus Rs 439.8 crore. (Est. Rs 598.4 crore)
• Ebitda margins at 23.9% versus 16.8%. (Est. 22.18%)

Coforge Consolidated (QoQ)

• Revenues up 9.15% at Rs 1153.7 crore versus Rs 1057 crore (Est 1138)
• Net profit up 51.06% at Rs 120.7 crore versus Rs 79.9 crore (Est 117.5)
• Ebitda up 17.17% at Rs 198.6 crore versus Rs 169.5 crore (Est 194.6)
• Margins at 17.21% versus 16.04%

Crompton Greaves Consumer Electricals, Consolidated (YoY)

• Revenues up 12.77% at Rs 1213.19 crore versus Rs 1075.79 crore
• Net profit up 27.77% at Rs 141.68 crore versus Rs 110.88 crore
• Ebitda up 47.92% at Rs 191.25 crore versus Rs 129.29 crore
• Margins at 15.76% versus 12.02%

HDFC AMC (YoY)

• Revenue down 8% to Rs 456 crore versus Rs 498 crore
• Net Profit down 8% to Rs 338 crore versus 368 crore
• Market share based on closing AUM at 13.2%

Earnings Today

• JSW Steel
• Tech Mahindra
• Nestle
• Aarti Drugs
• Yes Bank
• Alphageo
• Atul
• Genus Power Infrastructures
• HeidelbergCement
• Huhtamaki PPL
• ICICI Lombard General Insurance
• Mahindra EPC Irrigation
• Mold-Tek Technologies
• Persistent Systems
• Premier Explosives
• Rane Engine Valve
• Sudarshan Chemical Industries
• Supreme Petrochem
• Wabco India
• Apollo Tricoat Tubes
• IDBI Bank

Bulk Deals

Cochin Shipyard

• Radhakishan Damani buys 6.9 lakh shares (0.5% equity) at Rs 394.14 each

Welspun Corp

• Wisdomtree Emerging Markets Smallcap Dividend Fund buys 21.6 lakh shares (0.8% equity) at Rs 115.2 each

Sanghi Industries

• Government Pension Fund Global sells 20.2 lakh shares (0.8%) at Rs 25.77 each

Trading Tweaks

• Price Band Revised From 10% To 5%: KIOCL Limited, Shrenik Limited, Tejas Networks Limited, Websol Energy System Limited
• Price Band Revised From 20% To 10%: Jump Networks Limited
• Move Into ASM Framework: Oriental Aromatics Limited, Ballarpur Industries Ltd, Raj Oil Mills Ltd
• Move Into Short Term ASM Framework: Greenpanel Industries Ltd, Sambhaav Media Limited, Dewan Housing Finance Corporation Ltd
• Move Out Of Short Term ASM Framework: Prabhat Dairy Ltd, Cigniti Technologies Ltd

F&O Cues

• Nifty October futures closed at 11,899; premium of 3 points vs discount of 9 points
• Nifty October futures Open Interest down 3.5%, sheds 3.8 lakh shares in Open Interest
• Nifty Bank October futures closed at 24,553; premium of 69 points vs premium of 68 points
• Nifty Bank October futures Open Interest down 1%, sheds 12,000 shares in Open Interest

Options

• Nifty PCR at 1.26

Nifty Monthly Expiry: Oct 29

• Max Open Interest on call side at 12,500 (35.8 lakh shares)
• Max Open Interest on put side at 10,500 (40 lakh shares)
• Active options: 12,500 Put (9.7 lakh shares), 10,500 Call (6.6 lakh shares)