Stocks To Watch: Biocon, Idea Cellular, InterGlobe Aviation, Quess Corp
Here are the stocks to watch out for in Wednesday’s trade.
- Wipro bags multi-year business process services contract from Nilfisk.
- Godrej Agrovet clarifies stake in Maxximilk less than 51 percent.
- Petrol, diesel prices jump; oil ministry seeks excise duty cuts.
- Essel Holdings sold Zee Entertainment’s 1.4 percent equity.
The rally in Asian stocks stalled Wednesday even after U.S. stocks rose for a third day. The yen strengthened as the dollar resumed its decline.
The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, fell 0.1 percent to 11,072 as of 7:10 a.m.
Here Are The Stocks To Watch Out For In Wednesday’s Trade
- Manappuram Finance board authorises managing director to scout for investment opportunity.
- Godrej Agrovet clarifies stake in Maxximilk less than 51 percent.
- Quickheal Technologies receives order from tax authorities demanding Rs 37.7 crore. Company will appeal against the order with CESTAT.
- Aurionpro Solutions’ arm Cyberinc partners with ECS to distribute Isla Malware Isolation Platform across Asia Pacific.
- Shriram EPC bags order worth Rs 84 crore from Jharkhand to set up drinking water and Sanitation facilities.
- Wipro bags multi-year business process services contract from Nilfisk.
- Majesco QIP opens with a floor price of Rs 532 per share.
- Genus Papers leases manufacturing facility for 5 years for production of Kraft paper.
- Alembic to buy back 1.02 crore shares (3.84 percent equity) at Rs 80 per share.
- Savita Oil Technologies to buy back 2.8 lakh shares (1.92 percent equity) at Rs 1,605 per share.
- Sanghi Industries QIP closes with the issue price fixed at Rs 129 per share, at a discount of 4.78 percent to the floor price.
- ONGC signs loan pact worth Rs 18,060 crore with Punjab National Bank, Bank Of India, Axis Bank to fund HPCL stake buy.
IOC has a multi-billion dollar headache.https://t.co/FOZOFKn21Y pic.twitter.com/pxQcd7EepD
— BloombergQuint (@BloombergQuint) January 23, 2018
F&O Setup
- Nifty Jan. futures trading at 11,085, premium of 1.7 points from a premium of 1.8 points
- Nifty Feb. futures trade at 11,108, premium of 24 points
- Across series: Nifty open interest up 3 percent, Bank Nifty open interest up 8 percent
- India VIX ended at 16.2, up 5.5 percent
- Rollover: Nifty at 31 percent, Bank Nifty at 35 percent
- Max open interest for Feb. series at 10,800 Call (open interest at 20.5 lakh, up 1 percent)
- Max open interest for Feb. series at 10,500 Put (open interest at 39.6 lakh, up 4 percent)
F&O Ban
- In ban: Dewan Housing, HDIL, IFCI, Jet Airways, Jindal Steel, JP Associates, Kaveri Seed, Reliance Communication
- New in ban: Jet Airways, Jindal Steel, Reliance Communication
- Out of ban: Balrampur Chini , DLF, Fortis, HCC, Just Dial
Only intraday positions can be taken in stocks which are in ban. In case of a rollover of these intraday positions, there is a penalty.
Active Stock Futures
Bulk Deals
Varun Beverages
- Reliance MF – Growth Fund bought 11.50 lakh shares or 0.6 percent equity at Rs 700 each.
- Reliance MF – Top 200 Fund bought 10 lakh shares or 0.5 percent equity at Rs 700 each.
- AION Investments II Singapore Pte sold 40 lakh shares or 2.2 percent equity at Rs 700.26 each.
Oriental Hotels: Reliance MF – Mid & Small Cap Fund sold 1.19crore shares or 7.1 percent equity at Rs 61.5 each.
Zee Entertainment: Essel Holdings sold 1.38 crore shares or 1.4 percent stake at Rs 595.13 each.
JSW eyes Monnet Ispat, Bhushan Steel, but not majority stake. #BQatWEF
— BloombergQuint (@BloombergQuint) January 23, 2018
Read | https://t.co/wYmEhHL0nY
Watch | https://t.co/1zWYeNQED3 pic.twitter.com/bchiSUskaW
Earnings Reactions To Watch
Indiabulls Housing Finance Q3 (YoY)
- Income from operations grew 29.5 percent to Rs 3,349 crore.
- Core NII up 23.6 percent at Rs 1,410 crore.
- Net profit grew 55.4 percent to Rs 1,167.7 crore.
- Provisions for loan assets/bad debt at Rs 262 crore.
RBL Bank Q3 (YoY)
- NII up 45.3 percent at Rs 467 crore.
- Net profit up 28.5 percent at Rs 163.5 crore.
- Provisions at Rs 82.3 crore.
- GNPA at 1.56 percent from 1.44 percent (QoQ).
- NNPA at 0.97 percent from 0.78 percent (QoQ).
Nucleus Software Q3 (QoQ)
- Revenue up 6 percent at Rs 106 crore.
- Net profit up 15 percent at Rs 18 crore.
- EBIT up 48 percent at Rs 17 crore.
- Margin at 16 percent from 11.5 percent.
- Other income down 34 percent at Rs 5.4 crore.
L&T Technology Services Q3 (QoQ)
- Revenue up 7.5 percent at Rs 969 crore.
- Net profit up 2 percent at Rs 126 crore.
- EBIT up 8.5 percent at Rs 134 crore.
- Margin at 13.8 percent from 13.7 percent.
Crompton Greaves Consumer Electricals Q3 (YoY)
- Revenue up 6.6 percent at Rs 938 crore.
- Net profit up 28 percent at Rs 69.5 crore.
- EBITDA up 18.4 percent at Rs 116 crore.
- Margin at 12.4 percent from 11.1 percent.
Indiabulls Real Estate Q3 (YoY)
- Revenue multiplied six-folds to Rs 2,100 crore.
- Net profit up 45 percent at Rs 85 crore.
- EBITDA up 710.5 percent at Rs 231 crore.
- Margin at 11 percent from 9.5 percent.
Wabco India Q3 (YoY)
- Revenue up 33 percent at Rs 650 crore.
- Net profit up 45.5 percent at Rs 64 crore.
- EBITDA up 29 percent at Rs 100 crore.
- Margin at 15.4 percent from 15.8 percent.
Syngene International Q3 (YoY)
- Revenue up 17 percent at Rs 388 crore.
- Net profit up 11 percent at Rs 82 crore.
- EBITDA up 11.5 percent at Rs 126 crore.
- Margin at 32.5 percent from 34 percent.
United Spirits Q3 (YoY)
- Revenue down 8 percent at Rs 2,263 crore.
- Net profit down 9 percent at Rs 135 crore.
- EBITDA down 7 percent at Rs 272.5 crore.
- Margin flat at 12 percent.
Shemaroo Q3 (YoY)
- Revenue up 17 percent at Rs 133 crore.
- Net profit up 29 percent at Rs 18 crore.
- EBITDA up 22 percent at Rs 36 crore.
- Margin at 27.1 percent from 26 percent.
PNB Housing Finance Q3 (YoY)
- Revenue from operations up 44 percent at Rs 1,438.5 crore.
- Net profit up 58 percent at Rs 217.5 crore.
- GNPA at 0.42 percent from 0.37 percent (QoQ).
- NPA at 0.33 percent from 0.27 percent (QoQ).
Alembic Q3 (YoY)
- Revenue up 11 percent at Rs 30 crore.
- Net profit up 700 percent at Rs 5.6 crore.
- EBITDA up 567 percent at Rs 5 crore.
- Margin at 16.7 percent from 2.8 percent.
Credit Suisse on Autos
- Maruti: Maintained ‘Neutral’; raised price target to Rs 9,400 from Rs 7,300.
- Eicher: Maintained ‘Underperform’; cut price target to Rs 23,500 from Rs 26,600
- Maruti better on almost all counts.
- Maruti has a better fiscal 2020 visibility on both demand and supply.
- Eicher also likely to see higher cost increase and competitive intensity.
- For Eicher success of new launches important.
- Longer-term penetration argument also favours Maruti.
Indiabulls Housing Financeâs net profit rose 55.4% year-on-year. #Q3WithBQ https://t.co/ZqkilUq7Pt
— BloombergQuint (@BloombergQuint) January 23, 2018
Earnings To Watch
- Idea Cellular
- Biocon
- Canara Bank
- Capital First
- Container Corporation Of India
- HEG
- InterGlobe Aviation
- Kei Industries
- Kpit Technologies
- L&T Infotech
- Mahindra & Mahindra Financial Services
- Mas Financial Services
- Motilal Oswal Financial Services
- Mphasis
- Pfizer
- Pidilite Industries
- Quess Corp
- Raymond
- Sagar Cements
- Vijaya Bank
PM Modi pitched India's soft power at #Davos, @anandmahindra tells @menakadoshi. #BQatWEF #IndiaMeansBusinesshttps://t.co/u0fqJKxhHu pic.twitter.com/82bUtjA3tn
— BloombergQuint (@BloombergQuint) January 23, 2018
Media Reports
- ArcelorMittal exits race for Bhushan Power (Economic Times).
- Continue bankruptcy process on Shilpi Cable: SC(Economic Times).
- Lenders reject Amtek Auto bids (Economic Times).
- DLF wants its redevelopment arm to have zero debt (Economic Times).
- Bank of Baroda set to float $1 billion QIP (Financial Express).
Petrol, diesel prices jump; oil ministry seeks excise duty cuts.https://t.co/G4z8ob6Jtf pic.twitter.com/GZbnMYFGJh
— BloombergQuint (@BloombergQuint) January 23, 2018