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Stocks To Watch: Aurobindo Pharma, Cipla, Indiabulls Real Estate, L&T Tech, Manappuram Finance, M&M Financial, Nippon Life

Here are the stocks to watch in trade today.

People take photographs of the sun rising over commercial buildings, in the Yeouido financial district, in Seoul, South Korea. (Photographer: SeongJoon Cho/Bloomberg)
People take photographs of the sun rising over commercial buildings, in the Yeouido financial district, in Seoul, South Korea. (Photographer: SeongJoon Cho/Bloomberg)

Asian stocks opened higher on Friday as investors awaited data that may show China’s post-lockdown economic recovery is picking up steam. Shares advanced in Tokyo, Seoul and Sydney, while futures on the S&P 500 edged higher.

The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, rose 0.5 percent to 9,179 as of 6:45 a.m.

Here are the stocks to watch in trade today:

  • Aurobindo Pharma promoter PV Ramprasad Reddy, his wife P Suneela Rani, and three other entities have settled an alleged insider trading case with markets regulator SEBI after paying over Rs 22 crore towards settlement charges.
  • Unichem Laboratories received the Establishment Inspection Report from United Stated Food and Drug Administration on May 13 for Active Pharmaceutical Ingredients facility at Roha.
  • Hindustan Aeronautics, Bharat Dynamics, Walchand Nagar Industries, BEML: India seeks warplanes as $15 billion global order stalls. (Bloomberg News)
  • HDFC seeks to raise Rs 5,000 crore via NCDs.
  • Manappuram Finance: Board has approved increasing overall borrowing limit from Rs 25,000 crore to Rs 30,000 crore.
  • Aavas Financiers: Board approved raising Rs 3,500 crore via debt.
  • Ircon has signed a Memorandum of Understanding with state-owned Russian Railways Company to explore opportunities for joint development of railways and other infrastructure projects in Asia, Africa and Latin America.
  • Equitas Holdings: Equitas Small Finance Bank FY20 update- Advances up 31 percent at Rs 15,367 crore. Deposits up 25.7 percent at Rs 10,300 crore. Net Interest Income up 30 percent at Rs 1,495 crore. Net Profit up 16 percent at Rs 244 crore. Provisions stood at Rs 247 crore. GNPA at 2.72 percent versus 2.53 percent and NNPA at 1.66 percent versus 1.44 percent, on a year on year basis.
  • Intellect Design Arena has launched its financial solutions on IBM’s public cloud.
  • Torrent Pharma has issued NCDs worth Rs 200 crore.

Resumption Of Operations

  • Jubilant Industries
  • Star Cement
  • Kirloskar Ferrous
  • DCM Shriram
  • Khadim India
  • Orient Electric
  • Supreme Industries

Other Earnings

Manappuram Finance Q4 (Consolidated, YoY)

  • Revenue up 40 percent at Rs 1,605.3 crore
  • Net interest income up 33.3 percent at Rs 1,024.5 crore
  • Net profit up 43.7 percent at Rs 395 crore
  • Net gain on fair value changes at Rs 125.9 crore in current quarter

Indiabulls Real Estate Q4 (Consolidated, YoY)

  • Revenue down 93.6 percent at Rs 116.3 crore
  • Net loss at Rs 109.7 crore versus Net profit at Rs 108.6 crore
  • Ebidta loss at Rs 79.9 crore versus EBIDTA gain at Rs 165.8 crore
  • Deferred tax payment of Rs 143.4 crore in base quarter
  • One of the group’s arm has recorded cancellation of multiple units in of its project. Cancellation has happened on account of non-payment of certain non-outstanding dues, pertaining to those units.

Mahindra Lifespace Developers Q4 (Consolidated, YoY)

  • Revenue down 56.7 percent at Rs 101.4 crore
  • Ebidta loss at Rs 51.4 cr versus EBIDTA gain at Rs 8.2 crore
  • Exceptional loss at Rs 134.6 crore due to one-time provision for JV project for residential project in NCR

Tata Consumer Products Q4 (Consolidated, YoY)

  • Revenue up 35.5 percent at Rs 2,405 crore
  • Net loss at Rs 76.5 crore vs Net profit at Rs 22.9 crore
  • Ebidta up 76.9 percent at Rs 308.3 crore
  • Margins at 12.8 percent versus 9.8 percent
  • Exceptional loss of Rs 223 crore due to impairment of goodwill relating to Australia business, tea business in USA and Covid-19 impact
  • Volume growth at 3 percent
  • Numbers exclude impact of merger of India Foods
  • Numbers not comparable as it includes results from consumer products business of Tata Chemicals as well, where this merger was in effect from February 10

Accelya Solutions Q3 Year End In September (Consolidated, YoY)

  • Revenues up 7.2 percent at Rs 113.8 crore
  • Net profit down 10.6 percent at Rs 23.7 crore
  • Ebidta up 2 percent at Rs 41.6 crore
  • Margins at 36.6 percent versus 38.4 percent

Aavas Financiers Q4 (Consolidated, YoY)

  • Net Interest Income up 3.8 percent at Rs 137 crore
  • Net profit up 9.9 percent at Rs 59.7 crore
  • FY20 AUM up 31 percent at Rs 7,796 crore

Zensar Tech (Consolidated, QoQ)

  • Dollar revenue down 1.9 percent at $140.6 million
  • Revenue flat Rs 1017.8 crore versus Rs 1,020.6 crore
  • Net profit up 75.9 percent at Rs 69.5 crore
  • Ebidta up 2 times at Rs 141.6 crore
  • Margins at 13.9 percent versus 6.8 percent
  • Margins improve due to lower other expenses and sub-contracting costs

Earnings Today

  • Cipla
  • Tata Chemicals
  • Aarti Drugs
  • Crompton Greaves Consumer Electricals
  • Huhtamaki PPL
  • L&T Technology Services
  • Mahindra & Mahindra Financial Services
  • Nippon Life India Asset Management
  • IIFL Securities
  • L&T Finance Holdings
  • Onward Technologies
  • Tasty Bite Eatables

Bulk Deals

  • Cummins India: Amundi Funds acquired 17.87 lakh shares (0.64 percent) at Rs 348.82 per share

Trading Tweaks

  • Price Band Revised From 20% To 10%: Shree Digvijay Cement
  • Move Into ASM Framework: Mangalam Organics
  • Move Out Of Short-Term ASM Framework: Healthcare Global Enterprises, Navneet Education, Seamec, IG Petrochemicals, Dishman Carbogen Amcis, Indoco Remedies, Jocil

Insider Trading

  • Adani Ports & SEZ promoter Flourishing Trade & Investment acquired 18 lakh shares on May 12

(As Reported On May 14)

F&O Cues

  • Nifty May futures closed at 9,144, premium of 1 points versus 10 points premium
  • Nifty May futures open interest up 0.7 percent, adds 55,000 shares in open interest
  • Nifty Bank May futures closed at 19,039, discount of 31 points versus 18 points discount
  • Nifty Bank May futures open interest down 2.8 percent, sheds 34,000 shares in open interest
  • Nifty Put Call Ratio at 0.89 versus 1.12 across all series

Nifty Weekly Expiry: May 21

  • Max open interest on call side at 9,500 strike (12.5 lakh shares)
  • Max open interest on put side at 9,000 strike (7.5 lakh shares)
  • Active Options: 9,000 Put (+3.6 lakh shares), 9,500 Call (+8.5 lakh shares)

Nifty Monthly Expiry: May 28

  • Max open interest on call side at 10,000 (22.5 lakh shares)
  • Max open interest on put side at 9,000 (24.8 lakh shares)

Securities In Ban

  • In Ban: Vodafone Idea
  • Out of Ban: BHEL
Stocks To Watch: Aurobindo Pharma, Cipla, Indiabulls Real Estate, L&T Tech, Manappuram Finance, M&M Financial, Nippon Life