Stocks To Watch: Bajaj Consumer Care, Cipla, Coal India, ICICI Bank, Indiabulls Real Estate, M&M, Petronet LNG

Asian equities opened higher Tuesday after U.S. stocks hit a record high as investors looked past the potential economic impact of the spreading coronavirus.

Australian shares climbed at the open and futures pointed to gains in Hong Kong. Japanese financial markets are shut for a holiday. U.S. equity futures were little changed. The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, rose 0.38 percent to 12,088 as of 7 a.m.

Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.

Here Are The Stocks To Watch Out For In Today’s Trade

• ICICI Bank moved insolvency application against Mercator Ltd. for recovery of dues exceeding Rs 50 crore. Bank of Baroda and Axis Trustee have sought intervention to ensure that assets pledged to them by Mercator's subsidiary are not included in the insolvency resolution process. Bank of Baroda and Axis Trustee have claimed that the subsidiary owes them dues exceeding Rs 200 Crores. NCLT will hear the matter on Feb. 12.
• Avenue Supermarts QIP Issue closed on Feb. 10. Board approved the issue price at Rs 2,049 per share, which is at a discount of 18 percent to the closing price as on Feb. 10.
• Cipla’s South African arm signed an agreement securing originator and authorized generic brands of an atypical antipsychotic drug, Quetiapine. Cipla to market and distribute the Medicine in South Africa and neighbouring countries.
• Info-Edge to acquire up to 25 percent stake om Sunrise Mentors for Rs 37.1 crore.
• Mahindra & Mahindra: CCI approved the formation of JV between Mahindra & Mahindra and Ford Motor and transfer of the automotive business of Ford India to the JV.
• Setco Automotive: received notice from Bank of Baroda under SARFAESI Act for Rs 116.5 crore and also for notice on the aforesaid loan. The company said that it had taken up the matter with the Bank for withdrawal of notice after submitting a restructuring plan in December.
• Capacity Infraprojects received a contract worth Rs 350.17 crore from a private sector client in Mumbai under its commercial and institutional portfolio.
• GMR Infra’s arm GMR Airports has achieved Concession Commencement Date to design, build and operate a new airport at Crete, Greece.
• Camlin Fine Sciences’ manufacturing facility in Zhejiang, China is awaiting clearance from the Chinese Government to start its manufacturing. Delay has been caused due to the Government’s direction to not open facilities in the afore-mentioned province due to the outbreak of corona-virus.
• GMM Pfaudler: SEBI imposed penalty of Rs 13.5 lakh on the promoters for contraventions in the Takeover Regulations from 2003 to 2012.
• DCM Shriram: 66MW power plant at Kota has become operational.
• Vikas Proppant & Granite received sanctioning of its mining agreement by Mining Engineering, Jodhpur.

Earnings Reaction To Watch

Chalet Hotels (Q3, YoY)

• Revenue rose 12.4 percent to Rs 278.1 crore
• Net profit rose 2.3 percent to Rs 33.3 crore
• Ebitda fell 1.3 percent to Rs 112.3 crore
• Margin stood at 40.4 percent versus 46 percent
• Occupancy at 74.6 percent versus 73.9 percent
• Hospitality segment revenue rose 7 percent to Rs 250 crore
• Rental & commercial segment revenue rose 2.2 times to Rs 28 crore

Phoenix Mills (Q3, YoY)

• Revenue rose 16.2 percent to Rs 511.8 crore
• Net profit rose 29.8 percent to Rs 91.9 crore
• Ebitda rose 16.5 percent to Rs 259.3 crore
• Margin stood at 50.7 percent versus 50.5 percent
• Retail segment revenue rose 11 percent to Rs 321.8 crore
• Residential segment revenue rose 2.4 times to Rs 48.1 crore
• Hospitality segment revenue rose 11 percent to Rs 108.5 crore
• Commercial segment revenue rose 2 percent to Rs 33.4 crore

Indiabulls Real Estate (Q3, YoY)

• Revenue fell 3.1 percent to Rs 1,232.3 crore
• Net profit fell 75.7 percent to Rs 49.2 crore
• Ebitda down 67.7 percent to Rs 125.4 crore
• Margin stood at 10.2 percent versus 30.5 percent

NALCO (Q3, YoY)

• Revenue fell 23.2 percent to Rs 2,088.4 crore
• Net loss at Rs 34 crore versus net profit at Rs 301.8 crore
• Ebitda fell 93.3 percent to Rs 34.4 crore
• Margin at 1.6 percent versus 18.9 percent
• Raw material costs as a percent of sales at 52.6 percent versus 42.9 percent
• Chemical segment revenue fell 22 percent to Rs 1,013.8 crore
• Aluminium segment revenue fell 21 percent to Rs 1,336.2 crore

Petronet LNG (Q3, QoQ)

• Revenue fell 4.8 percent to Rs 8,910.2 crore
• Net profit fell 38.8 percent to Rs 675.2 crore
• Ebitda fell 4.6 percent to Rs 1,107.5 crore
• Margin stood at 12.4 percent versus 12.4 percent
• Deferred Tax Reversal of Rs 410.4 crore in the base quarter

Bajaj Consumer Care (Q3, YoY)

• Revenue fell 8.6 percent to Rs 212.6 crore
• Net profit fell 17.9 percent to Rs 48.7 crore
• Ebitda fell 24.5 percent to Rs 53 crore
• Margin stood at 24.9 percent versus 30.2 percent

Nifty Earnings To Watch

• Coal India

Other Earnings To Watch

• Siemens
• Prince Pipes And Fittings
• Prism Johnson
• BSE
• IDBI Bank
• Ircon International
• CESC
• Cochin Shipyard
• BEML
• Gulf Oil Lubricants India
• Jindal Stainless
• Bharat Heavy Electricals
• HEG
• Heidelberg Cement India
• ITD Cementation India
• Syndicate Bank
• Novartis India
• J.Kumar Infraprojects
• Aster DM Healthcare
• Astral Poly Technik
• Greenply Industries
• GIC Housing Finance
• Godawari Power And Ispat
• Rashtriya Chemicals and Fertilizers
• CRISIL
• D B Realty
• Spencer's Retail
• SPML Infra
• Deep Industries
• Dollar Industries
• Lumax Auto Technologies
• Dredging Corporation of India
• Electrotherm (India)
• Harrisons  Malayalam
• Indo Count Industries
• Hexaware Technologies
• Man Industries (India)
• Fine Organic Industries
• Genus Paper & Boards
• Astron Paper & Board Mill
• Capri Global Capital
• Ballarpur Industries
• BASF India
• 3MIndia
• Allahabad Bank
• Solar Industries
• Aries Agro
• Arihant Superstructures
• Arvind Fashions
• Bliss GVS Pharma
• Gujarat Narmada Valley Fertilizers and Chemicals
• Jaypee Infratech
• JHS Svendgaard Laboratories
• Kesoram Industries
• KIOCL
• Kitex Garments
• Mangalam Organics
• Neuland Laboratories
• NRB Bearing
• Olectra Greentech
• Panama Petrochem
• PNB Gilts
• Power Mech Projects
• Somany Home Innovation
• TVS Srichakra
• V.S.T Tillers Tractors
• Zenlabs Ethica

Bulk Deals

• HSIL: Promoter Paco Exports acquired 10.63 lakh shares (1.47 percent) at Rs 52.85 each
• Tourism Finance Corporation: Promoter Redkite Capital sold 30 lakh shares (3.72 percent) at Rs 68.01 each

Trading Tweaks

• Industrial Investment Trust to move into ASM Framework
• Caplin Point Laboratories, Tata Teleservices (Maharashtra), R Systems International to move into short term ASM Framework
• GTL Infra to move out of short term ASM Framework
• CIL Nova Petrochemicals, Schneider Electric Infrastructure, Tata Teleservices (Maharashtra) price band revised to 10 percent
• Shankara Building Products, Everest Organics price band revised to 5 percent

Who’s Meeting Whom

• Greaves Cotton to meet UTI MF, SAIF Partners and Franklin Templeton on Feb. 12
• Tata Chemicals to meet Mirae Asset Global Investment on Feb. 13
• Shriram City Union Finance to meet LGM Investments, Edelweiss Securities and Ventura Securities from Feb. 11-13
• Tata Steel to meet Granular Capital on Feb. 14
• CARE Ratings to meet MTS Capital, Centrum PMS and other investors from Feb.11-25
• Mahindra Lifespace Developers to meet Quantum Securities on Feb. 12

Insider Trading (As Reported On Feb. 10)

• Pidilite Industries promoters sold 30,000 shares from Feb. 5-6

Money Market Update

The rupee ended stronger at Rs 71.29 against the dollar versus Rs 71.41 against the dollar on Friday.

F&O Cues

Index Futures

• Nifty February futures closed at 12,040, a premium of 8.5 points versus a discount of 2.4pts
• Nifty February futures open interest up 1.6 percent, adds 2.2 lakh shares in open interest
• Nifty Bank February futures closed at 31,109.8, premium 51.8 points versus 38.5 points
• Nifty Bank futures open interest down 4 percent, sheds 44,600 shares in open interest.
• Nifty PCR at 1.39 versus 1.48 (Across all series)

Nifty Weekly Expiry: Feb 13

• Max open interest on call side at 12,100 (27.5 lakh shares)
• Max open interest on put side at 12,000 (21.4 lakh shares)
• Open interest addition seen at 12,100C (+13.5 lakh shares), 12,200C (+6.1lakh shares), 12,000P (+4.4 lakh shares)

Nifty Monthly Expiry: Feb 27

• Max open interest on call side at 12,500 (26 lakh shares)
• Max open interest on put side at 12,000 (31.6 lakh shares)

Stocks In F&O Ban

• Yes Bank