An investor looks at a stock quote screen near the end of the trading day in a brokerage in Shanghai, China. (Photographer: Kevin Lee/Bloomberg News)
Live: Nifty Futures Hint At Weak Open As Asia Tracks U.S. Losses; GM Breweries, Torrent Power In Focus
IndianOpen Live: Trading Strategies, Brokerage Calls, Key Management Highlights And Much More!
Your Complete F&O Trade Setup
F&O Cues
- Nifty January futures closed trading at 10,718, premium of 46 points.
- Maximum open interest for January series call at 11,000 strike price, open interest at 39.2 lakh shares.
- Maximum open interest for January series put at 10,500 strike price, open interest at 39.6 lakh shares.
Stocks In F&O Ban
- Adani Power
- Jet Airways
Put-Call Ratio
- Nifty PCR at 1.34 from 1.47.
- Nifty Bank PCR at 0.83 from 0.84.
Brokerage Radar: Marico, Infosys, Timken India
UBS on Federal Bank
- Maintained ‘Buy’; hiked price target to Rs 120 from Rs 95.
- Strong operating growth to drive re-rating.
- NPL risks smaller than expected earlier.
- Increase earnings estimates for the current and the next financial year by 5 percent and 15 percent respectively.
CLSA on Infosys
- Maintained ‘Buy’ with a price target of Rs 910.
- Fruits of 2018-19 investments to be share gains and growth acceleration.
- 2019 is likely to be a year with a catch up with TCS on growth and capital return.
- Infosys should enjoy secular growth improvement; Top picks.
PhillipCapital on Marico
- Maintained ‘Buy’; raised price target to Rs 425 from Rs 370.
- Commodity windfall to aid margins in medium term.
- International business (ex-South Africa) is poised for double-digit constant currency revenue growth.
- Reiterate high conviction Buy; Hike FY19-21 EPS estimates by 5-6 percent on benign input costs.
PhillipCapital on Specialty Chemicals
- Sustained product price to drive value growth.
- Higher rupee realisation to complement conducive industry scenario.
- Improved demand scenario to supports growth.
- Top results picks: Aarti Industries, Vinati Organics, Atul Ltd and Camlin Fine.
JM Financial on Timken India
- Maintained ‘Buy’ with a price target of Rs 675.
- Indian railways spends on rolling stock set to accelerate.
- Exports to sustain double digit growth.
- ABC Bearings facility to see ramp up in production.
Trading Tweaks: ONGC, SMS Lifesciences
- ONGC record date for share buyback.
- SMS Lifesciences price band revised to 10 percent.
Bulk Deals: VA Tech Wabag
VA Tech Wabag
- Norges Bank acquired 3.31 lakh shares or 0.61 percent equity at Rs 259.53 each.
Norges Bank is the central bank of Norway and it also manages the Government Pension Fund of Norway.
Earnings Reactions To Watch: GM Breweries
GM Breweries (Q3, YoY)
- Revenue up 5.7 percent to Rs 124.6 crore.
- Net profit down 25.1 percent to Rs 16.7 crore.
- Ebitda down 27.2 percent to Rs 24.9 crore.
- Margin at 20 percent versus 29 percent.
- Raw material/sales at 71 percent versus 64 percent (after adjusting excise and other taxes).