Stocks To Watch: Dhanlaxmi Bank, Future Lifestyle, Future Retail, Lakshmi Vilas Bank, Vedanta

U.S. equity futures climbed after the White House appeared to shift tack and signaled the Trump administration is again leaning toward a large-scale stimulus bill. Crude oil held on to gains ahead of a storm. Shares in Japan and Australia were flat.

Here are the stocks to watch in trade today:

• Vedanta said that as per the listing regulations, public shareholders may submit their bid at any price at or above the floor price. Company stated that certain brokers registered with BSE are not allowing public shareholders to place their bid above the floor price.
• Future Group Stocks: Amazon.com has initiated arbitration proceedings against Future Group before Singapore International Arbitration Centre. Amazon.com alleges violation of contractual obligations by Future Group. Amazon had acquired a 49% stake in Future Coupons in 2019.
• Lakshmi Vilas Bank stated that it received indicative non-binding offer from Clix group. On Sept. 16, Bank had stated that substantial portions of the due diligence process is completed. Clix Capital had signed a preliminary non-binding letter of intent for investment in the Bank in June.
• JK Cement has successfully commissioned 0.7 MTPA grey cement grinding capacity at Gujarat plant
• and also commenced commercial despatches from Oct. 8
• AIA Engineeering: Magotteaux International, AIA Engineering and its managing director Bhadresh Shah have agreed and entered into a full and final binding settlement of all claims made in, arising out of, or in connection, with the arbitration proceedings & challenge proceedings, including claims as to costs, with no liberty to reinstate any such claims in any forum.
• Oil India has commenced seismic survey in Andaman Offshore and company plans for intensifying exploration efforts & exploration capex.
• Container Corporation Sept. Update: Total physical volumes handled down 8.61% at 8,85,673 TEUs (twenty foot equivalents).
• Ramco Cements: Cement grinding units gets commissioned on Oct. 8.
• Future Lifestyle Fashion: Crisil downgraded company’s long term bank facilities and NCDs to CRISIL BBB- from CRISIL A, with outlook changing from stable to ratings watch with negative implications. This has been done on account of stretched liquidity position of the company due to slower than expected ramp-up in store revenues, non-availability of additional credit lines due to Covid-19 and increasing company's dependence on restructuring of its debt repayments.
• GOCL Corporation’s arm received order worth Rs 187 crore for supply of bulk explosives from Telengana government.
• Solar Industries received order worth Rs 447 crore for supply of bulk explosives and initiating systems from Telengana government.

Earnings

5paisa Capital Q2 (Consolidated, YoY)

• Revenue up 2.2 times at Rs 52.4 crore
• Net profit at Rs 2.8 crore vs Net loss at Rs 3.5 crore
• Ebitda up 12.8 times at Rs 11.6 crore
• Margins at 22.1% versus 3.86%
• Growth led by increase in fees and income segment.

Titagarh Wagons Q1CY20 (Consolidated, YoY)

• Revenue down 30.3% at Rs 412.3 crore
• Net loss at Rs 8.9 crore versus Net profit at Rs 26.4 crore
• Ebitda down 21.7% at Rs 31 crore
• Margins at 7.52% versus 6.69%
• Exceptional gain of Rs 24 crore in base quarter
• Impairment loss of Rs 69.4 crore due to Covid-19
• Net debt position fell from Rs 276 crore to Rs 132 crore

Earnings Today

• Steel Strips Wheels
• Rashtriya Chemicals & Fertilizers

Pledged Share Details

• Solara Active Pharma Sciences promoter Pronomz Venture invoked pledge of 8.45 lakh shares on Oct. 5
• Future Enterprises promoters created pledge of 1.55 crore shares from Oct. 5-6
• Apollo Pipes promoter Sameer Gupta revoked pledge of 4.95 lakh shares on Oct. 6
• JSW Steel promoters revoked pledge of 70 lakh shares from Oct. 3-6
• JSW Energy promoter Indusglobe Multiventures released pledge of 4.55 crore shares on Oct. 6
• Emami promoters released pledge of 92 lakh shares on Oct. 6
• Future Consumer promoter Future Capital Investment created pledge of 2.36 crore shares on Oct. 6

(As Reported On Oct. 8)

Bulk Deals

• Solara Active Pharma Sciences: Ascent India Fund sold 3.42 lakh shares (0.96%) at Rs 1,212.64 per share.
• EIH Rights Issue: General Insurance Corporation of India sold 8.28 lakh shares at Rs 7.87 per share.

Trading Tweaks

• AGM: ONGC, Natco Pharma
• Funding: Spandana Sphoorty Financial
• Price Band Revised From 20% To 10%: AVSL Industries
• Price Band Revised From 5% To 20%: Man Industries
• Move Into Short Term ASM Framework: Thyrocare Technologies, Rushil Décor, Greenpanel Industries.
• Move Out Of Short Term ASM Framework: Sagardeep Alloys.

F&O Cues

• Nifty October futures closed at 11,827; discount of 8 points vs premium of 17 points
• Nifty October futures Open Interest up 6.5%, adds 6. 7 lakh shares in Open Interest
• Nifty Bank October futures closed at 23,170; discount of 21 points vs premium of 46 points
• Nifty Bank October futures Open Interest up 2%, adds 31,000 shares in Open Interest

Options

• Nifty PCR at 1.50

Nifty Monthly Expiry: Oct. 15

• Max Open Interest on call side at 12,500 (21.3 lakh shares)
• Max Open Interest on put side at 11,500 (13.7 lakh shares)
• Active options: 11,800 Put (8.5 lakh shares), 12,500 Call (18.5 lakh shares)

Nifty Monthly Expiry: Oct. 29

• Max Open Interest on call side at 12,500 (20 lakh shares)
• Max Open Interest on put side at 10,500 (35.3 lakh shares)