Stocks To Watch: Bharti Airtel, Fortis Healthcare, HPCL, RIL, SBI, Wockhardt  

Asian stocks opened mixed Tuesday after a rally in their U.S. counterparts, as investors assessed some glimmers of optimism in efforts to deliver rapid testing for the new coronavirus. Treasuries advanced. The strongest equity gains were in Australia and South Korea, while Japan fell a second day.

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

• Heidelberg Cement stated that debottlenecking projects at Imlai and Jhansi plants have been duly completed and the grinding capacity of these plants has been enhanced to 6.26 million tons per annum.
• SBI is considering extending the loan repayment moratorium to all term loans extended by the bank till March 1. The bank will conduct a special communication campaign to explain to borrowers the specifics of the moratorium. SBI will seek that borrowers who are capable of paying should reach out to the bank and repay regularly. Bank’s board to meet in early April to finalize the implementation of the moratorium.
• Lenders have approved Suzlon Energy’s resolution plan. Lead bank SBI has approved a resolution plan of the company and its certain identified subsidiaries. The plan will be to vote by a consortium of lenders and approved by 100 percent of lenders by value.
• Wockhardt has extended the date of redemption of 16 crore preference shares till March 2021.
• Federal Bank: The board approved an investment of Rs 148 crore in its arm Fedbank Financial Services through a rights issue, to infuse regulatory capital in the aforesaid arm.
• Fortis Healthcare: ICRA has upgraded the company’s long term rating to ICRA A– from ICRA BBB+. Short term rating has been upgraded to ICRA A1 from ICRA A2. Both ratings are on watch with developing implications.
• Bharti Infratel has re-appointed DS Rawat as managing director and chief executive officer till Sept. 30, or up till next ensuing annual general meeting of the company, whichever is earlier.
• Indian Bank has revised rates across various tenors with effect from April 1. Base rate reduced from 9.45 percent to 9.15 percent. The benchmark prime lending rate was reduced from 14.2 percent to 13.4 percent. These rates will be effective for the amalgamated entity. (after a merger with Allahabad Bank)

Covid-19 Impact

• Jubilant Lifesciences said that some employees at its Mysore unit have been found Covid-19 positive. The plant has been shut for sanitization and workers have been self-quarantined. (Bloomberg News)
• Hero Group has pledged Rs 100 Crore as an aid for the ongoing Covid-19 relief-efforts in India. Half of this sum, Rs 50 Crore, will be contributed to the PM-Cares Fund and the remaining Rs 50 crore will be spent in other relief efforts.
• Bharti Airtel has extended the pre-paid pack validity for over 80 million customers till April 17. All these customers will continue to get incoming calls on their Airtel mobile numbers even after the validity of their plan is exhausted. The company will also credit an additional Rs 10 of talk time in the pre-paid accounts of all these 80 million customers to enable them to make calls or send SMS.
• HPCL has issued force majeure on Iraq’s oil marketing company. (Bloomberg News)
• Reliance Industries has announced Rs 500 Crore Contribution to PM Cares Fund.
• Infosys Foundation has committed Rs 100 crore towards Covid-19 relief efforts, out of which Rs 50 crore has been earmarked for PM Cares Fund.

Bulk Deals

• Jain Irrigation Systems: Avtar Investments acquired 28.9 lakh shares (0.58 percent) at Rs 3.23 per share and Vanguard Group sold 35.3 lakh shares (0.71 percent) at Rs 3.23 per share
• Cerebra Integrated Technologies: Societe General sold 8.45 lakh shares (0.7 percent) at Rs 18.5 per share
• Rajapalayam Mills: Morgan Stanley Asia acquired 87,000 shares (1.18 percent) at Rs 458.05 per share and Metrica Asia Event Driven Master Fund sold 87,000 shares (1.18 percent) at Rs 458 per share
• Teamlease Services: Enam Investment Services sold 99,152 shares (0.58 percent) at Rs 1495 per share.

Who’s Meeting Whom

• EIH to meet Sundaram AMC on April 1
• Mahindra Logistics to meet Stewart Investors, Motilal Oswal MF and other investors on March 31.

Trading Tweaks

• Greenlam Industries to move out of short term ASM Framework.
• Unichem Laboratories, Indian Terrain Fashions to move into short term ASM Framework.
• MEP Infrastructure Developers, Bajaj Hindusthan Sugar to move into ASM Framework.
• ADF Foods, Balrampur Chini Mills, IFB Agro Industries, V2 Retail, Venky's price band revised from 10 percent to 5 percent.

Insider Trading

• Godrej Industries promoter Anamudi Real Estates acquired 3 lakh shares from March 26-27
• HFCL promoter Mahendra Nahata acquired 4.15 lakh shares on March 30
• JSW Steel promoter JTPM Metal Traders acquired 9.35 lakh shares from March 26-27
• India Cements promoter Anna Investments acquired 1.3 lakh shares from March 26-27
• Gateway Distriparks promoter Perfect Communications acquired 1.2 lakh shares from March 26-27

(As Reported On March 30)

Money Market Update

• The rupee ended weaker at Rs 75.42 against the dollar on Monday versus Rs 74.92 against the dollar on Friday.
• Rupee snapped three-day gaining streak.

F&O Cues

Index Futures

• Nifty April futures closed at 8290, a premium of 9 points versus a discount of 9 points
• Nifty April futures open interest rose 7 percent, added 6.3 lakh shares in open interest
• Nifty Bank April futures closed at 18,799.5, a premium of 17 points versus a discount of 190 points
• Nifty Bank April futures open interest rose 3 percent, added 24,900 shares in open interest

Options

• Nifty PCR at 1.10 versus 1.23 (across all series)

Nifty weekly Expiry: April 1

• Max open interest on call side at 10,000 (17.7 lakh shares)
• Max open interest on put side at 7,000 (10.9 lakh shares)
• Open interest addition seen in 9,000C (+6.2 lakh shares), 10,000C (+4 lakh shares), 8,700C (+3.6 lakh shares)
• Open interest shedding seen in 8,500P (-2 lakh shares)

Nifty Monthly Expiry: April 30

• Max open interest on call side at 9,000 (14.5 lakh shares)
• Max open interest on put side at 8,000 (18 lakh shares)