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Stocks To Watch: Astrazeneca Pharma, Cyient, Hathway Cable, HCL Tech, Mindtree, Sun Pharma
Here are the stocks to watch in trade today.
16 Oct 2020, 08:16 AM IST 
A stock market chart on a screen in Germany. (Photographer: Alex Kraus/Bloomberg)
Asian stocks and U.S. futures were mixed Friday as investors mulled continued talks over U.S. stimulus and the economic impact of fresh restrictions in some parts of the world to fight the resurgent coronavirus.
The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.72% to 11,759 as of 8:10 a.m.
Here are the stocks to watch in trade today:
- Astrazeneca Pharma will launch Calquence in India on Oct.21. Coompany had received import and market permission from Drugs Controller General of India on March 12. The drug used to treat various types of blood cancer.
- Indiamart Intermesh clarified that there has been no such discussions with Tata group for potential acquisition and investment.
- UPL: KPMG has resigned as the auditor with effect from Oct.8 for company’s material arm in Mauritius- UPL Corporation.
- Sun Pharma clarified on the news of SEBI probe of its ex-board member Ashwin Dani, that it has not received any information or notice either from SEBI or anyone regarding the matter.
- Competition Commission of India has approved the completion of first closing of Bharti Airtel’s arm Nxtra Data to Carlyle Group. On July 1, the company announced that Carlyle group will acquire 25% stake in Airtel’s data centre business at a valuation of $1.2 billion.
- India’s gasoline demand recovery more robust than jet fuel and gas oil stated Shrikant Madhav Vaidya, Chairman at IOC. (Bloomberg News)
- Persistent Systems to acquire entire business of US based Capiot Software for $6.34 million and additional incentive based payments for next three years amounting up to another $6 million. The acquisition is subject to customary closing conditions which are expected to be completed within 2‐4 weeks. Target company provides enterprise integration services by leveraging various integration platforms including TIBCO, MuleSoft, Red Hat and other open source platforms.
- Mindtree has appointed Dayapatra Nevatia, chief operating officer as executive director (additional director) of the company with effect till Oct.2025.
Earnings
Hathway Cable & Datacom Q2 (Consolidated, YoY)
- Revenue down 2.47% at Rs 431.2 crore
- Net profit at Rs 52.2 crore versus Net loss at Rs 2.6 crore
- Ebidta up 14.7% at Rs 120.4 crore
- Margins at 27.9% versus 23.8%
- Broadband business revenue up 10% at Rs 153.3 crore
- Cable TV business revenue down 8.2$ at Rs 277.9 crore
- Margins improve due to lower other expenses
- Net profit increased due to lower finance costs and depreciation expenses
Mindtree Q2 (Consolidated, QoQ)
- $ Revenue up 3.1% at $261 million
- Revenue up 0.9% at Rs 1,926 crore (Est Rs 1,927 crore)
- Net profit up 19.1% at Rs 253.7 crore (Est Rs 259 crore)
- Ebit up 11.6% at Rs 321.5 crore (Est Rs 308 crore)
- Margins at 16.7% versus 15.1% (Est 16%)
- Declared interim dividend of Rs 7.5 per share
- CC revenue growth at 2.1%
Cyient Q2 (Consolidated, QoQ)
- $ Revenue up 3.4% at 135 million
- Revenue up 1.17% at Rs 1,003.3 crore (Est Rs 1,003 crore)
- Net profit up 3.07% at Rs 83.9 crore (Est Rs 81 crore)
- Ebit up 2.5 times at Rs 99.7 crore (Est Rs 89.5 crore)
- Margins at 9.94% versus 4.05% (Est 8.9%)
- Margins improve due to lower employee costs
- Other income of Rs 68.4 crore in base quarter
- CC revenue growth at 1.3%
Earnings Today
- HCL Tech
- Bajaj Consumer Care
- Federal Bank
- Phillips Carbon Black
- IIFL Securities Ltd
- Shoppers Stop
- Plastiblends
- Tata Communications
- Tinplate
- Uniply Décor
- Uniply Industries
- Shakti Pumps
Pledged Share Details
- Ajanta Pharma promoter Ravi Agrawal created pledge of 9.5 lakh shares on Oct.15
- Jamna Auto promoters revoked pledge of 6.5 lakh shares on Oct.13
- GMR Infra promoter GMR Enterprises released pledge of 26 crore shares from Oct.14-15
(As Reported On Oct.15)
Who’s Meeting Whom
- Asian Granito to meet Aditya Birla Money on Oct.16
Trading Tweaks
- Record Date Stock Split: Som Distilleries and Breweries (Face value from Rs 10 to Rs 2 per share)
- Fund Raising: SRF
- Price Band Revised From 10% To 5%: Aarti Drugs.
- Move Into ASM Framework: Nucleus Software Exports, Birlasoft, Persistent Systems, Adani Green Energy, Gayatri Projects, Jet Airways, Bafna Pharmaceuticals.
- Move Into Short Term ASM Framework: Abans Enteprises.
- Move Out Of Short Term ASM Framework: GSS Infotech, Srikalahasthi Pipes.
F&O Cues
- Nifty October futures closed at 11,675; discount of 5 points vs premium of 2 points
- Nifty October futures Open Interest up 0.7%, adds 74,000 shares in Open Interest
- Nifty Bank October futures closed at 23,945; discount of 36 points vs premium of 70 points
- Nifty Bank October futures Open Interest down 6%, sheds 98,000 shares in Open Interest
Options
- Nifty PCR at 1.36
Nifty Monthly Expiry: Oct 22
- Max Open Interest on call side at 12,500 (26.6 lakh shares)
- Max Open Interest on put side at 11,000 (15 lakh shares)
- Active options: 11,000 Put (8.2 lakh shares), 12,500 Call (22.1lakh shares)
Nifty Monthly Expiry: Oct 29
- Max Open Interest on call side at 12,500 (24 lakh shares)
- Max Open Interest on put side at 10,500 (33.7 lakh shares)
