F&O Cues

• Nifty November futures closed trading at 10,687, premium of 8 points.
• Nifty November Open Interest up 2.4 percent; Nifty Bank November OI down 2.4 percent.
• Max OI for November series at 10,800 Call, OI at 34 lakh shares.
• Max OI for November series at 10,000 Put, OI at 47.2 lakh shares.

Stocks In F&O Ban

• In ban: Adani Power, Adani Enterprises
• Out of ban: Jet Airways
• New in ban: Adani Enterprises

Put-Call Ratio

• Nifty PCR at 1.64 from 1.57.
• Nifty Bank PCR at 1.26 from 1.20.

Deutsche Bank on Power Grid

• Maintained ‘Hold’ with a price target of Rs 216, implying a potential upside of 14.8 percent from the last regular trade.
• Sweating of assets is a good strategy.
• Large capex plans to support government programs.
• To see lesser dividends, alternate usage of cash in non-core areas.

Deutsche Bank on tyre companies

• Continued volume growth across companies.
• Price hikes taken to counter commodity cost pressures.
• Forecast FY18-21 EPS CAGR of 16-26 percent.
• Apollo Tyres remains top pick.
• Remain constructive on MRF, CEAT
• Apollo Tyres: Maintained ‘Buy’ with a price target of Rs 300, implying a potential upside of 32.6 percent from the last regular trade.
• MRF: Maintained ‘Buy’ with a price target of Rs 80,000, implying a potential upside of 21 percent from the last regular trade.
• Ceat: Maintained ‘Buy’ with a price target of Rs 1,570, implying a potential upside of 25.4 percent from the last regular trade.

JP Morgan on NMDC

• Maintained ‘Overweight’ with a price target of Rs 145, implying a potential upside of 43 percent from the last regular trade.
• Donimalai mine renewal issue becomes more difficult.
• There could be a long legal route ahead and possibility of production being lost.
• Potential loss of production creates near-term earnings risk.

Citi on Nestle

• Maintained ‘Buy’, with a price target of Rs 11,800, implying a potential upside of 10.4 percent from the last regular trade.
• Our forecasts call for volume growth of 8-9 percent over the next two years.
• Cluster strategy should result in faster execution and decision making.
• Nestle is still trading at a discount to its average premium to the sector.

• Natco Pharma buy-back window opens.
• RCI Industries & Technologies price band revised to 10 percent.

• Indiabulls Housing Finance: Principal Global Investors LLC sold 27,000 shares at Rs 767.26 each.
• Info Edge: Aranda Invest (Mauritius) sold 11.7 lakh shares or 0.96 percent equity at Rs 1,370.39 each.

Vikas Ecotech

• Nomura Singapore acquired 70 lakh shares or 2.50 percent equity at Rs 14 each.
• Promoter Vikas Garg sold 1.1 crore shares or 4.07 percent equity at Rs 14 each.

Mindtree

• Copthall Mauritius Investment sold 16.9 lakh shares or 1.03 percent equity at Rs 840 each.
• Northern Multi Manager Emerging Markets Equity Fund acquired 16.9 lakh shares or 1.03 percent equity at Rs 840 each.

Tejas Networks

• Aditya Birla Sun Life MF acquired 11.4 lakh shares or 1.25 percent equity at Rs 257 each.
• Intel Capital (Cayman) Corporation sold 13.6 lakh shares or 1.49 percent equity at Rs 257.03 each.

Seshasayee Paper (Q2, YoY)

• Net sales up 45.8 percent to Rs 331 crore.
• Net profit up 92 percent to Rs 50.4 crore.
• Ebitda jumped 70.6 percent to Rs 82 crore.
• Margin stood at 24.7 percent versus 21.1 percent.

Siemens (Q4CY18, YoY)

• Revenue up 25.4 percent at Rs 3,939.2 crore.
• Net profit down 55.2 percent at Rs 279.2 crore.
• Company had an exceptional gain of Rs 560 crore in the year-ago period.
• Reported Ebitda up 31.9 percent at Rs 418.6 crore.
• Margin at 10.6 percent versus 10.01 percent.