ADVERTISEMENT

Stocks To Watch: Emami, Hindustan Aeronautics, Indiabulls Real Estate, Muthoot Finance, Vedanta, Yes Bank, Zee Entertainment

Here are the stocks to watch in trade today.

A man looks at a electronic board at a securities brokerage. (Photographer: Qilai Shen/Bloomberg)
A man looks at a electronic board at a securities brokerage. (Photographer: Qilai Shen/Bloomberg)

Indian equity markets outperformed their Asian peers in Tuesday's session with the benchmark indices ending at the highest point of the day. The S&P BSE Sensex ended 1.26% higher at 38,528 while the NSE Nifty 50 index ended with gains of nearly 150 points at 11,385, up 1.23%. Both benchmark indices ended higher for the second day in a row.

Here are the stocks to watch in trade today:

  • Zee Entertainment Enterprises: Subhash Chandra has stepped down as non-executive director of the company, and has appointed as chairman emeritus. R Gopalan appointed as the chairman of the board with immediate effect, Company has approved 100% stake in its wholly owned four arms- Zee Digital Convergence, Zee Unimedia, Zee Network Distribution and India Web Portal.
  • Indiabulls Real Estate: Board has approved merger of two Embassy Group entities with self. Proposed amalgamation is for NAM Estates and NAM Opco into the company. Proposed swap ratio to be 6.619 shares of Indiabulls Real Estates for every 10 shares of NAM Estates and 5.406 shares of Indiabulls Real Estates for every 10 shares of NAM Opco. For the purpose of the amalgamation to arrive at the share swap price, Indiabulls Real Estate is valued at Rs 92.5 per share, which is at a premium of 26% to the closing prices as on Aug. 18. Combined entity to be renamed Embassy Developments having a mix of residential and commercial properties with a total launch/planned area of 80.8 million square feet. Amalgamation procedure expected to be completed by the second quarter of fiscal 2022.
  • Yes Bank has repaid additional Rs 10,000 crore owed to RBI under special liquidity facility. The Bank had borrowed Rs 50,000 crore under the special liquidity facility had said on July 28 that it had repaid Rs 25,000 crore to the RBI under special liquidity window. As per the Bank’s annual report it will repay remaining dues within timelines set by RBI.
  • Bombay High Court has temporarily restrained Emami from using the mark "Glow and Handsome" till further orders. Hindustan Unilever is prima facie, a prior adopter of the mark says the court.
  • Vedanta to keep its plans to resume operations at its copper smelter in India on hold for longer as the Madras High Court rejected an appeal to restart the plant. The order said a decision on a petition to the demolish plant hadn’t been decided. Vedanta to approach Supreme Court and appeal against the order of Madras High Court.
  • Dilip Buildcon’s joint venture with HCC won construction order for Uttarakhand project at a cost of Rs 1,335 crore from Rail Vikas Nigam.
  • Dixon Tech to consider raising funds via debt/equity on Aug. 21.
  • NIIT: Nippon India Mutual Fund increased stake from 6.55% to 7.38% on Aug.14.
  • Agro Tech Foods: Crisil has revised long term ratings for bank facilities from CRISIL AA- to CRISIL AA-, with outlook changing from negative to stable.
  • SMS Pharma promoter Potluri Labs increased stake from 0.27% to 0.77% on Aug. 17.
  • Sundaram Clayton approved allotment of Rs 100 crore worth of NCDs.
  • HEG promoter Mekima has requested the exchanges to re-classify from promoter to public shareholder. It holds 4.49% stake in the company and it is not involved in the day to day management of the company.
  • Centum Electronics has sold the energy division of its French subsidiary, Centum Adetel Group (CAG) for a total consideration of Euro 9.8 million to Chauntie Electric (Tianjin).
  • ICRA has downgraded rating of SML Isuzu’s long term banking facilities to ICRA A+ from ICRA AA-, with outlook remaining negative.

Nifty Earnings

Zee Entertainment Q1 (Consolidated, YoY)

  • Revenue down 35% at Rs 1,312 crore (Est Rs 1,321 crore)
  • Net profit down 94% at Rs 29.3 crore (Est Rs 331 crore)
  • Ebidta down 85% at Rs 108 crore (Est Rs 463 crore)
  • Margins at 8% versus 36%
  • Ebitda and profitability impacted due to fair value loss (Rs 112 crore) on financial instrument
  • Steep decline in ad revenues impacted the performance

Other Earnings

Hindustan Aeronautics Q1 (Consolidated, YoY)

  • Revenue up 1% at Rs 10,239.3 crore
  • Net profit down 1.04% at Rs 1,226.1 crore
  • Ebidta down 4.95% at Rs 2,470.8 crore
  • Margins at 24.1% versus 25.6%
  • Margins impacted by higher provision

Uflex Q1 (Consolidated, YoY)

  • Revenue up 1% at Rs 1,992.7 crore
  • Net profit up 2.2 times at Rs 196.5 crore
  • Ebitda up 52.1% at Rs 416.3 crore
  • Margins at 20.9% versus 13.8%
  • Margins improve due to lower raw material, power costs and employee expenses.

Earnings Today

  • Muthoot Finance
  • Ashapura Minechem
  • Asian Granito
  • Balmer Lawrie
  • Cosmo Films
  • CSB Bank
  • Globus Spirits
  • Ruchi Soya
  • V2 Retail

Who’s Meeting Whom

  • Shriram City Union Finance to meet Ishana Capital on Aug. 19

Pledged Share Details

  • Ajanta Pharma promoter Ravi Agrawal released pledge of 2.4 lakh shares on Aug.17.
  • Adani Enterprises promoter SB Adani Family Trust released pledge of 1.26 crore shares from July 24-19
  • Adani Ports & SEZ promoter SB Adani Family Trust released pledge of 2.13 crore shares from July 24-31
  • Adani Transmission promoter SB Adani Family Trust released pledge of 53.5 lakh shares on Aug.17
  • GMR Infra promoters released pledge of 4.48 crore shares from Aug.14-17
  • Apollo Tyres promoters Sunray Properties revoked pledge of 1.25 lakh shares on Aug.14.

(As Reported On Aug.18)

Bulk Deals

  • Satin Creditcare: Promoter Trishashna Holdings acquired 11.41 lakh rights shares at Rs 20.45 per rights share.
  • Som Distilleries and Breweries: Karst Peak Asia Master Fund sold 1.77 lakh shares (0.54%) at Rs 46.96 per share.
  • CG Power & Industrial Solutions: Yes Bank sold 5.18 crore shares (8.28%) at Rs 14.66 per share and GDN Investments acquired 46 lakh shares (0.73%) at Rs 14.66 per share.

Block Deals

  • Embassy Office Parks REIT: BOFA Securities acquired 6.25 lakh units at Rs 370.15 per unit and Morgan Stanley Asia sold 6.25 lakh units at Rs 370.15 per unit.
  • Muthoot Finance: BOFA Securities acquired 1.55 lakh shares (0.04%) at Rs 1,242.75 per share and Morgan Stanley Asia sold 1.55 lakh shares (0.04%) at Rs 1,242.75 per share.
  • SBI Cards and Payment Services: BOFA Securities acquired 2.53 lakh shares (0.03%) at Rs 814.35 per share and Morgan Stanley Asia sold 2.53 lakh shares (0.03%) at Rs 814.35 per share.
  • Yes Bank: BOFA Securities acquired 1.89 crore shares (0.15%) at Rs 15 per share and Morgan Stanley Asia sold 1.89 crore shares (0.15%) at Rs 15 per share

Trading Tweaks

  • AGM Date: Sun Pharma, RITES, Nocil, Kirloskar Industries, Orient Paper, GTPL Hathway, GMM Pfaudler, 3M India, Automotive Axles, Shriram Transport Finance.
  • Fund Raising: PNB Housing Finance.
  • Price Band Revised From 10% To 5%: Aries Agro, Mindteck, KIOCL, Entertainment Network, Trigyn Technologies.
  • Price Band Revised From 20% To 10%: Indbank Merchant Banking Services.
  • Move Into ASM Framework: Uttam Value Steels, Reliance Naval and Engineering, Eveready Industries, Mukand , Rolta, Mindteck, Vivmed Labs, S Chand.
  • Move Into Short Term ASM Framework: Jamna Auto Industries, Nandan Denim, Hind Rectifiers, Shriram City Union Finance, Sanco Industries, Mangalam Drugs And Organics, V2 Retail, Ramkrishna Forgings, TCPL Packaging.
  • Move Out Of Short Term ASM Framework: Suven Life Sciences, Anant Raj, Xchanging Solutions, Jubilant Industries, Hi-Tech Gears.

Insider Trades

  • Nava Bharat Ventures promoter A9 Homes acquired 1 lakh on Aug.14
  • Jamna Auto promoter Pradeep Singh acquired 77,599 shares on Aug.17
  • Aarti Industries promoters sold 36,440 shares from Aug.14-17

(As Reported On Aug.18)

F&O Cues

  • Nifty August futures closed at 11,405; premium of 20 points versus premium of 34 points
  • Nifty August futures Open Interest up 3.4%, adds 3.4 lakh shares in Open Interest
  • Nifty Bank August futures closed at 21,200; premium of 29 points versus premium of 84 points
  • Nifty Bank August futures Open Interest down 5%, sheds 64,000 shares in Open Interest
  • Nifty Put Call Ratio at 1.57

Nifty Monthly Expiry: Aug 20

  • Max Open Interest on call side at 11,400 strike (29.3 lakh shares)
  • Max Open Interest on put side at 11,300 strike (30 lakh shares)
  • Active options: 11,300 Put (20.7 lakh shares), 11,300 Call (-9.6 lakh shares)

Nifty Monthly Expiry: Aug 27

  • Max Open Interest on call side at 11,500 strike (22.6 lakh shares)
  • Max Open Interest on put side at 11,000 strike (36.9 lakh shares)

Ban List

  • In Ban: Adani Enterprises, Aurobindo Pharma, Bank of Baroda, BHEL, Indiabulls Housing, Vodafone Idea, JSPL, Manappuram Finance, SAIL, SunTV, Vedanta, Zee Entertainment
  • New In Ban: Adani Enterprises, Bank of Baroda, Indiabulls Housing, Zee Entertainment
  • Out Of Ban: Ashok Leyland, Bata India, Glenmark Pharma
Stocks To Watch: Emami, Hindustan Aeronautics, Indiabulls Real Estate, Muthoot Finance, Vedanta, Yes Bank, Zee Entertainment