Stocks To Watch: Coal India, DHFL, Dish TV, Future Retail, IndusInd Bank

Stocks in Asia followed their U.S. peers higher amid signs a rally that took global equities to a record high is broadening into other sectors and away from technology. Treasuries edged up. Japan’s Topix index opened about 1% higher, while South Korea and Australia also rose.

Here are the stocks to watch in trade today:

• IndusInd Bank to allot 4.76 crore shares at Rs 524 per share aggregating to Rs 2,495.8 crore via share allotment of equity shares on a preferential basis to qualified institutional buyers. Key investors in this issue are Route One Fund, ICICI Prudential Life Insurance, Tata Investment Corporation and AIA. Allotment price is at a discount of 18% to the closing prices as on Sept.2.
• Fitch Ratings has placed Future Retail’s default rating of 'C' and the rating on its $500 million 5.6% senior secured notes due in 2025 of 'C' with a recovery rating of 'RR4' on rating watch positive on sale of its business to Reliance Industries.
• Edelweiss Financial Services: Ontario Teachers’ Pension Plan Board has signed an agreement for an investment of Rs 2,600 crore with Edelweiss Alternate Asset Advisors , the largest private debt manager in India .The agreement represents a long‐term partnership between Ontario Teachers’ and Edelweiss Group that will focus on performing and distressed private credit investment opportunities in the Indian market.
• Engineers India has received project contract from GAIL for setting up PDH/PP plant and pipeline at Uran for Rs 448 crore.
• SH Kelkar: Kedar Vaze has been re-appointed as Group CFO till Aug.2025.
• Sterlite Tech: Anupam Jindal has resigned from the post of CFO with effect from Sept.11.
• SEBI has given open offer exemption in Bharat Forge and Kalyani Forge deal.
• VIP Industries sold its land and building of its Haridwar Factory for Rs 25-30 crore to Fresh Pet on ‘as-is-where is’ basis. The operations at the said Haridwar factory has been suspended since March, 2020 due to Covid-19.
• India Ratings and Research has upgraded JK Paper’s long term issuer rating to IND AA- from IND A+, with outlook remaining stable.
• Kalpataru Power Transmission has incorporated a wholly owned arm in Senegal to foray into transmission and distribution and railways business.

Nifty Earnings

Coal India Q1 (Consolidated, YoY)

• Revenue down 25.9% at Rs 18,486.8 crore (Est Rs 18,593.6 crore)
• Net profit down 55.1% at Rs 2,079.6 crore (Est Rs 1,947.9 crore)
• Ebidta down 53.8% at Rs 3,051.8 crore (Est Rs 2,540.8 crore)
• Margins at 16.5% versus 26.5% (Est 12.9%)
• Volume impacted due less demand from power sector due to closure of industries due to Covid-19.
• Offtake at 120.42MT versus 153.49MT
• Lower taxes, lower other expenses and aided the profitability of the company

Other Earnings

Dish TV Q1 (Consolidated, YoY)

• Revenue down 9.79% at Rs 835.6 crore
• Net profit at Rs 75.9 crore versus Net loss at Rs 32 crore
• Ebidta up 2.87% at Rs 551.4 crore
• Margins at 66% versus 57.9%
• Margins improve due to lower operating costs and other expenses

Earnings Today

• Jubilant Industries
• MSTC
• Page Industries
• Panacea Biotec
• Zuari Agro Chemicals

Pledged Share Details

• Max India promoter Max Ventures Investment Holdings released pledge of 91.25 lakh shares on Aug.31
• JSW Energy promoters revoked 68.6 lakh shares from Aug.28-31
• Shilpa Medicare promoter Omprakash Inani released pledge of 5.5 lakh shares on Sept.1
• JSW Steel promoters revoked pledge of 25.8 lakh shares from Aug.28-31
• Asahi India Glass promoter Brij Mohan Labroo created pledge of 40 lakh shares on Aug.27
• Jamna Auto promoter created pledge of 2.5 lakh shares on Aug.31
• Emami promoters released pledge of 67 lakh shares Aug.2-Sept.1
• Parag Milk Foods promoters revoked pledge of 20 lakh shares on Sept.1

(As Reported On Sept.2)

Who’s Meeting Whom

• CG Consumer Electricals to meet Aditya Birla SunLife MF, Antique Stock Broking and other investors from Sept.3-21
• Eicher Motors to meet JP Morgan AMC, Aditya Birla Money and other investors from Sept.3-8
• Tata Power to meet First State Investments, JP Morgan AMC and other investors from Sept.3-4

Bulk Deals

• Rossari Biotech: Plutus Wealth Management acquired 3 lakh shares (0.58%) at Rs 773.82 per share.

Trading Tweaks

• AGM Date: Munjal Auto Industries, JK Paper, HEG, Hindalco, Dhanuka Agritech, Indiabulls Housing Finance, Garden Reach Shipbuilders & Engineers, IIFL Wealth Management, Dabur, Hindustan Zinc.
• Fund Raising: Credit Access Grameen, 5Paisa Capital.
• Price Band Revision From 10% To 5%: Adani Green Energy.
• Move Into ASM Framework: OCL Iron and Steel, S.E. Power, SEL Manufacturing.
• Move Out Of Short Term ASM Framework: Anant Raj, Sundaram Finance Holdings, Remsons Industries, Premier Polyfilm, Oswal Chemicals & Fertilizers, Acrysil, Indo Amines.

Insider Trades

• GOCL Corporation promoter Hinduja Capital sold 4 lakh shares on Aug.31
• Sequent Scientific promoters sold 3.14 lakh shares from Aug.24-31
• Jamna Auto promoter Map Auto acquired 2.25 lakh shares on Aug.31
• Aavas Financiers promoter Partners Group sold 25.6 lakh shares on Aug.31

(As Reported On Sept.2)

F&O Cues

• Nifty September futures closed at 11,565; premium of 30 points versus premium of 58 points
• Nifty September futures Open Interest up 4%, adds 4.4 lakh shares in Open Interest
• Nifty Bank September futures closed at 23921; premium of 46 points versus premium of 133 points
• Nifty Bank September futures Open Interest down 4%, sheds 55,000 shares in Open Interest

Options

• Nifty PCR at 1.3

Nifty Monthly Expiry: Sept 3

• Max Open Interest on call side at 11,700 (27.4 lakh shares)
• Max Open Interest on put side at 11,400 (27.5 lakh shares)
• Active options: 11,500 Put (7.8 lakh shares), 11,500 Call (-8.2 lakh shares)

Nifty Monthly Expiry: Sept 24

• Max Open Interest on call side at 12,000 (20.3 lakh shares)
• Max Open Interest on put side at 11,000 (27.5 lakh shares)