Stocks To Watch: Coal India, Hero MotoCorp, Infosys, NMDC, ONGC, TVS Motor

Asian stocks climbed in early trading Wednesday after another record high for their U.S. peers as tech shares advanced and investors snapped up work-from-home winners.

Stocks saw modest gains in Japan, Australia and South Korea. S&P 500 futures rose after a climb in Apple Inc. again pulled the benchmark to an all-time high. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.3% to 11,539 as of 7:00 a.m.

Here are the stocks to watch in trade today:

• Telecom stocks: Supreme Court AGR judgment said that 10% upfront payment due by March 2021 is on total dues. This indicates those telcos who have already paid 10% or more of total dues will have to make next payment in 2022.
• Infosys has increased U.S. hiring commitment to 25,000 jobs by 2022.Company will hire 12,000 American workers over the next two years. Till date company has created 13,000 jobs in U.S.A and will target experienced technology professionals as well as recent graduates from major universities, liberal arts colleges, and community colleges.
• Coal India: August coal production up 7.1% at 37.17 MT. Coal offtake up 9.3% at 44.34 MT. Company plans to invest Rs 1.22 lakh crore on 500 projects by 2023-24 related to coal evacuation, infra, project development, exploration and clean coal technologies. Coal India would invest Rs 14,200 crore by 2023-24 in two phases for 49 first mile connectivity projects.
• NMDC: August iron ores sales at 1.79 MT versus 1.49 MT. Production of iron ore stood at 1.62 MT versus 1.41 MT.
• Indian Oil Corporation to invest Rs 1,268 crore for Grassroot Needle Coker Unit at Paradip Refinery, in Odissa. Company will be entering the niche product segment for the first time. Calcined Needle Coke used to produce graphite electrodes for deployment in the high temperature electric arc furnaces of steel industry.
• Mukand: Board approved sale of upto 51% stake in company’s arm Mukand Sumi Special Tubes to promoter group over a period of 12 months at a consideration of not less than Rs 571.91 per share aggregating to Rs 1,212.95 crore.
• Embassy Office Parks REIT: Board approved issuance of NCDs worth Rs 1,500 crore in one or more tranches.
• Apollo Hospitals has demerged its standalone pharmacy business and will be known as Apollo Medicals. Both entities have filed certified copies of respective NCLT orders sanctioning the scheme with Registrar of Companies. Effective date of scheme is Sept.1.
• Cosmo Films: Board approved resuming further investment into the new line for Specialized BOPET film at Aurangabad plant which was on hold since November 2018. The revised project cost will be Rs.300 crore and will be financed through a mix of internal accruals and loans. The commercial production will commence by the second quarter of fiscal 2023.
• JSW Energy: Pritesh Vinay appointed as the CFO of the company with effect from Sept.16.
• Just Dial: Board approved proposal to amend clause in the memorandum of association of the company, where the company intends to enable online and offline distribution of assurance products, mutual funds, and other financial products on its platforms.
• V-Mart Retail to consider raising capital on Sept. 5.

August Auto Sales

• Hero MotoCorp domestic two-wheeler sales up 7.55% at 584,456 units.
• TVS Motor total sales down 1% at 287,398 units.
• Atul Auto sales down 64.4% at 1,311 units.
• VST Tiller Tractors power tillers sales up 84% at 2,638 units and tractors sales up 10% at 897 units.

Nifty Earnings

ONGC Q1 (Standalone, QoQ)

• Revenue down 39.4% at Rs 13,011.3 crore (Est Rs 13,925 crore)
• Net profit at Rs 496 crore versus Net loss at Rs 3,098.3 crore (Est Net loss at Rs 54.3 crore)

• Ebidta down 31.2% at Rs 5,907.7 crore (Est Rs 5,108 crore)
• Margins at 45.4% versus 40% (Est 36.7%)
• Impairment loss of Rs 4,899.1 crore seen in base quarter
• Net realisations at $28.72/barrel versus $49/bbl

Earnings Today

• Coal India
• Arvind Fashions
• Dish TV
• Infibeam Avenues
• Jubilant Foodworks
• Navkar Corporation
• Sadbhav Engineering
• Zuari Agrochemicals

Pledged Share Details

• Emami promoter Diwakar Viniyog released pledge of 27.4 lakh shares on Aug.29
• Ramkrishna Forgings promoter created pledge of 10 lakh shares from Aug.25-28
• Mangalam Drugs and Organics promoter JB Sharma LLP released pledge of 26.5 lakh shares on Aug.31
• Orient Cement promoter Shekhavati Investments created pledge of 18 lakh shares on Aug.28
• Solara Active Pharma Sciences promoters released pledge of 37 lakh shares from Aug.27-28

(As Reported On Sept.1)

Who’s Meeting Whom

• IGSEC Heavy Engineering to meet UTI MF and Sundaram MF from Sept.2-4
• Dr. Lal PathLabs to meet Kriis Portfolio on Sept.2
• Polycab to meet T.Rowe Price, Dolat Capital and other investors from Sept.2-3

Trading Tweaks

• AGM Date: CG Power and Industrial Solutions, Ashok Leyland, KPIT Tech, Ujjivan Small Finance Bank, Power Grid, Pidilite Industries, Meghmani Organics, Sumitomo Chemical, GE Power.
• Fund Raising: Karda Constructions, CG Power and Industrial Solutions.
• Price Band Revision From 10% To 5%: Patel Integrated Logistics.
• Move Into ASM Framework: Mangalam Drugs And Organics, Kellton Tech Solutions, Talbros Automotive Components, Madhucon Projects, Eastern Silk Industries, Orient Press, Palred Technologies, Techindia Nirman.
• Move Into Short Term ASM Framework: Godawari Power And Ispat, Usha Martin, Garware Synthetics.
• Move Out Of Short Term ASM Framework: Oriental Aromatics, Mahindra Logistics, CMI, MAS Financial Services, BASF India, Bhansali Engineering Polymers, MBL Infrastructures.

Insider Trades

• Jamna Auto promoter Map Auto acquired 1 lakh shares on Aug.28
• Aarti Industries promoters sold 54,696 shares from Aug.27-28

(As Reported On Sept.1)

F&O Cues

• Nifty September futures closed at 11,528; premium of 58 points versus discount of 28 points
• Nifty September futures Open Interest down 9.5%, sheds 10.6 lakh shares in Open Interest
• Nifty Bank September futures closed at 23,945; premium of 133 points versus discount of 93 points
• Nifty Bank September futures Open Interest up 1%, adds 15,000 shares in Open Interest
• Nifty Put Call Ratio at 1.33

Nifty Monthly Expiry: Sept 3

• Max Open Interest on call side at 12,000 strike (30.5 lakh shares)
• Max Open Interest on put side at 11,400 strike (22.3 lakh shares)
• Active options: 11,400 Put (4.7 lakh shares), 11,500 Call (4.8 lakh shares)

Nifty Monthly Expiry: Sept 24

• Max Open Interest on call side at 12,000 strike (19.4 lakh shares)
• Max Open Interest on put side at 11,000 strike (28.3 lakh shares)