Stocks To Watch: Equitas Holdings, HDFC, Hero MotoCorp, Mphasis, PC Jeweller, Quess Corp, Speciality Restaurants  
A pedestrian walks along Wall Street near the New York Stock Exchange (NYSE) in New York, U.S. (Photographer: Michael Nagle/Bloomberg)

Stocks To Watch: Equitas Holdings, HDFC, Hero MotoCorp, Mphasis, PC Jeweller, Quess Corp, Speciality Restaurants  

Asian stocks saw muted trading Tuesday as investors turned cautious ahead of the week’s potential catalysts, from central bank meetings to a looming tariff deadline.

Equities were little changed in Tokyo and Sydney and slipped in Seoul as investors awaited news on whether Washington will go ahead with a planned Dec. 15 tariff hike. The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, traded little changed at 11,961.50 as of 6:55 a.m.

Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.

Here are the stocks to watch in today’s trade.

  • Hero MotoCorp will raise prices from Jan. 1. The price increase across two-wheelers range will be up to Rs 2000, across various models.
  • HDFC will acquire 1.15 crore shares or 9.12 percent equity of HDFC Credila Financial Services from its promoters Ajay Bohora and Anil Bohora for a total consideration up to Rs 395 crore. Post this acquisition the Corporation’s stake in HDFC Credila will increase from 90.88 percent to 100 percent.
  • Mphasis clarified that $990 million minimum revenue commitment with DXC from September 2016 is not a cumulative calculation. The company and DXC continue to remain strategic partners.
  • Aster DM Healthcare’s arm has completed acquisition of 80 percent stake in Premium Healthcare for AED 8.69 million or Rs 16.8 crore.
  • Equitas Holding: SBI MF reduced stake from 3.69 percent to 1.95 percent in the company on Dec. 6.
  • Kilitch Drugs: Board will consider the proposal of investing in setting up of new green field project in Ethiopia on Dec. 12.
  • Redington increased its stake in Rajprotim Supply Chain Solutions from 88 percent to 100 percent for Rs 11 crore.
  • Speciality Restaurants: Kotak Mahindra Investments reduced stake from 5.56 percent to 0.02 percent on Dec. 5.
  • Quess Corp: Board approved cancellation and reduction of 7.13 crore shares held by Thomas Cook. Board approved allotment of 7.14 crore shares to eligible equity shareholders of Thomas Cook, as per entitlement ratio of the scheme.

Pledge Share Details

  • JSPL promoter OPJ Trading released pledge of 25 lakh shares on Dec. 3.
  • Shiva Cement promoter JSW Cements released pledge of 1.05cr shares on Dec. 5.
  • Mangalore Chemicals and Fertilizers promoter Zuari Agro Chemicals created a pledge of 1.06 crore shares on Dec. 6.
  • Hatsun Agro Product promoter RG Chandramogan revoked pledge of 6.4 lakh shares on Dec. 7.
  • Dish TB promoter Direct Media Distribution Ventures invoked pledge of 31.2 lakh shares on Dec. 4.

Trading Tweaks

  • Ballarpur Industries, Hubtown to move out of short term ASM Framework.
  • Adhunik Industries price band revised to 5 percent.

Who’s Meeting Whom

  • Manappuram Finance to meet DSP and Neuberger Berman from Dec. 11-13.
  • TVS Motor to meet Motilal Oswal AMC on Dec. 10.
  • Mahindra & Mahindra Financial Services to meet Julius Baer Wealth Advisors and Neuberger Berman from Dec. 10-12.
  • Eicher Motors to meet Alchemy Capital and Birla Sunlife Insurance from Dec. 11-13.
  • PI Industries to meet Centrum Broking and Taiyo Pacific Partners from Dec. 13-19.
  • Narayana Hrudayalaya to meet Tencore Partners, SBI MF and Canara HSBC OBC Life Insurance from Dec. 10-11.
  • Tata Steel to meet Motilal Oswal Securities and IIFL Securities from Dec. 11-13.
  • Sudarshan Chemical to meet ICICI Securities on Dec. 10.
  • Spicejet to meet Locus Investment, Sundaram MF and other investors from Dec. 10-16.

Insider Trading

  • Dabur promoter Ratna Commercial acquired 60,000 shares on Dec. 4.
  • KRBL promoters acquired 1.6 lakh shares from Dec. 5-6.
  • Star Cement promoter Sumangal Business sold 10 lakh shares on Dec. 6.

Money Market Update

  • The rupee closed at 71.05/$ versus 71.20/$ on Friday.

F&O Cues

Index Futures

  • Nifty December futures closed at 11966.7, premium of 29.2 points versus 34.2 points.
  • Nifty December futures series open interest down 1 percent, sheds 1.1 lakh shares in open interest.
  • Nifty Bank December futures closed at 31,397.6, premium of 81 points versus 76.8 points.
  • Nifty Bank December futures series open interest down 9 percent, sheds 1.3 lakh shares in open interest.

Options

  • Nifty PCR at 1.32 versus 1.25 (across all series)

Nifty Weekly Expiry: Dec. 12

  • Max open interest on call side at 12,000 (25.7 lakh shares).
  • Max open interest on put side at 11,900 (19.9 lakh).
  • Open interest addition seen in 11,900P (+5.4 lakh shares), 11,500P (+3.2 lakh shares), 11,950C (+3 lakh shares).

Nifty Monthly Expiry: Dec. 26

  • Max open interest on call side at 12,000 (23.3 lakh shares).
  • Max open interest on put side at 12,000 (32.8 lakh shares).
Stocks To Watch: Equitas Holdings, HDFC, Hero MotoCorp, Mphasis, PC Jeweller, Quess Corp, Speciality Restaurants  

Brokerage Radar

Morgan Stanley on Reliance Industries

  • Maintained ‘Overweight’ with a price target of Rs 1,753.
  • Consumer businesses to lift stock outlook.
  • RoCE to rise to 11% in over two years aided by consumer segment.
  • Uplift in chemical cycle from current trough should also boost RoCE.
  • Supply rationalisation and normalisation in inventory to help margins.

On Insurance Companies

Emkay

  • Life insurance sector has rebounded with strong premium growth in November 2019.
  • Growth helped by the push toward the sale of traditional products.

JMFinancial

  • Industry APE growth surged 62 percent, while private players recorded growth of 26 percent.
  • Expect industry APE CAGR of 16 percent over FY19-21.
  • Growth to be aided by low penetration, omni-channel becoming the norm and reduced competitive intensity from other saving products in a low interest rate environment.
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