Stocks To Watch: Aurobindo, Balrampur Chini, Britannia, Sun TV, Divi's Labs, IndusInd Bank, Sobha
India’s SGX Nifty 50 Index futures for Nov. delivery rose 0.4% to 18,009.00, while MSCI Asia Pacific Index -0.2%. The NSE Nifty 50 Index added 0.5% Thursday to 17,916.80.
Eicher Motors, Divi’s Labs, Sun TV, Dhanlaxmi Bank, Gujarat Petronet, Pfizer, Bata India may react as the companies reported quarterly results after the market closed Nov. 4.
Aurobindo Pharma, Britannia, Sobha, Ujjivan Small are the companies scheduled to report earnings Monday. Foreign investors boughtnet 11.7b rupees of stocks on Nov. 2, according to NSDL website.
Here are the stocks to watch in trade today:
Amara Raja Batteries: Board of directors to consider payment of interim dividend.
Dish TV, Yes Bank: Office of Crime Branch, Gautam Buddh Nagar has issued a notice to Yes Bank, restricting it from dealing in or exercising any rights over its 44.5 crore equity shares in Dish TV till completion of the investigation or till further orders.
Vedanta: Company has exclusive rights over the brand name ‘Cairn’. Cairn Energy PLC, the Scottish oil and gas exploration company that is also commonly referred to as Cairn Energy, will discontinue the use of the term by December 2021.
Dr Reddy's Laboratories: In an earnings call, CEO Erez Israeli said the company will focus on spending on its generic portfolio in each one of the markets, mainly in United States, China, Europe, emerging markets, biosimilars and recently, also on the Covid products as well as vaccines, specifically for India, Russia.
IndusInd Bank: Lender denied allegations that its unit was providing new loans to customers to keep their existing debt from souring, a practice known as “evergreening.” The bad loan recognition process is fully automated in accordance with regulatory norms, the bank said in an exchange filing on Saturday.
Sun Pharmaceuticals: Its U.S. subsidiaries have signed settlement agreements with the Direct Purchaser Plaintiffs in the Generic Pharmaceuticals Pricing Antitrust Litigation. The subsidiaries will make a payment of $85 million in exchange for a full release of all claims.
Grasim Industries: Company has successfully commissioned chloromethane project at Vilayat, Gujarat having capacity of 50,000 ton per annum. This will result into an additional annualised revenue of Rs 400 crore.
NMDC: Company has fixed prices for lump iron ore (65.53, 6-40mm) at Rs 5,950 per ton and iron fines (64% - 10mm) at Rs 4,760 per ton.
GAIL: National Company Law Tribunal has granted approval for acquisition of IL&FS Group's 26% equity stake in ONGC Tripura Power Company.
Heidelberg Cement: India Ratings has upgraded the company's long-term issuer rating to 'IND AAA’ from ‘IND AA+’. The outlook is stable.
Earnings: 3i Infotech, Aurobindo Pharma, Balrampur Chini Mills, Britannia Industries, HG Infra Engineering, KRBL, Shyam Metalics and Energy, Sobha, Ujjivan Small Finance Bank, Wockhardt, Vijaya Diagnostic Centre.
Earnings Post Market Hours
Sun TV Network (Consolidated, QoQ)
Revenue up 3.6% at Rs 848.6 crore
Ebitda down 3.2% at Rs 528.3 crore
Profit after tax up 8.3% at Rs 395.5 crore
Dividend of Rs 2.5 per equity share
Divi's Laboratories (Consolidated, QoQ)
Revenue up 1% at Rs 1,987.5 crore vs Rs 1,960.6 crore (Bloomberg estimate: Rs 2,083.2 crore)
Net profit up 9% to Rs 606.5 crore from Rs 557.1 crore (Bloomberg estimate: Rs 630.5 crore profit)
Ebitda at Rs 818.1 crore vs Rs 852.1 crore, down 4% (Bloomberg estimate: Rs 887.6 crore)
Margins at 41.2% vs 43.5% (Bloomberg estimate: 42.6%)
EPS at Rs 22.84 per share vs Rs 20.99 (Bloomberg estimate: Rs 23.04)
Muthoot Finance (Consolidated, QoQ)
Interest income up 2.9% at Rs 3,003.3 crore
Profit after tax up 2.5% at Rs 1,002.9 crore
Gross loans under management up 5% at Rs 55,146.8 crore
Earnings per share at Rs 24.98 versus Rs 24.37
One97 Communications Ltd., which operates Paytm, to open its IPO to raise a total of Rs 8,235 crore today.
Price Band Revised From 5% To 10%: 3i Infotech
Price Band Revised From 10% To 5%: Khadim India
Record Date Interim Dividend: IIFL Wealth Management, Aditya Birla Sun Life AMC, Coforge
Move Into ASM Framework: HLE Glascoat, Puravankara
Bharti Airtel raised to 'buy' at Dolat Capital; price target: Rs 820
Castrol India cut to 'hold' at Reliance Securities; price target: Rs 146
Cholamandalam cut to 'accumulate' at KR Choksey; price target: Rs 692
Eicher Motors raised to 'neutral' at JPMorgan; price target: Rs 2,450
Gland Pharma rated new 'buy' at Investec; price target: Rs 4,250
Jindal Steel raised to 'buy' at Batlivala & Karani; price target: Rs 559
JK Paper raised to 'buy' at IDBI Capital Market; price target: Rs 307
Nilkamal raised to 'hold' at IDBI Capital Market; price target: Rs 2,369
PNB Housing raised to 'hold' at ICICI Securities; price target: Rs 485
State Bank of India cut to 'hold' at Jefferies; price target: Rs 600
Tata Motors raised to 'outperform' at Macquarie; price target: Rs 567