Stocks To Watch: HUL\,RIL\, Infosys\, Jet Airways

An energy trader points to a graph on a desktop computer screen in the offices of an electric utility company. (Photographer: Krisztian Bocsi/Bloomberg)

Stocks To Watch: HUL,RIL, Infosys, Jet Airways

Indian equity benchmarks were little changed on Wednesday as gains in Infosys, Reliance Industries and ICICI Bank were offset by losses in HDFC, ITC and Kotak Mahindra Bank.

The S&P BSE Sensex rose 0.01 percent or 3 points to 36,321 and the NSE Nifty 50 Index advanced 0.03 percent or 3 points to 10,890.

Here Are The Stocks To Watch In Trade On Thursday:

  • Bank of India determines the issue price of Rs 105.75 per share in respect of preferential issue of equity shares amounting to Rs 10,086 crore to the Government of India, as a part of the capital infusion plan.
  • ICICI Bank receives RBI nod for reappointment of Visakha Mulye as bank’s executive director for two years with effect from Jan. 19.
  • Jet Airways says that the company is working on its cost reduction plans, debt reduction and funding option. The airline is also mulling on monetizing assets including the its stake in its loyalty program.
  • Bank of Maharashtra: RBI imposes penalty of Rs 1 crore on the bank due to deficiencies in regulatory compliances on fraud reporting and KYC norms.
  • IIFL Holdings: NBFC arm plans to raise up to Rs 250 crore via bond issue. The issue opens for this tranche raising opens on Jan. 22 and closes on Feb. 20.
  • NHPC: Board to consider raising Rs 2,000 crore via bonds on Jan. 21. Clarifies on shutdown of Power Station Plant in Himachal Pradesh stating that the plant will remain shut from operation for 3 months with effect from Dec. 20. This plant contributes 4.54 percent in terms of total revenue for the company.

Bulk Deals

Leel Electricals: IndusInd Bank sold 4.3 lakh shares (1.07 percent) at Rs 51.27 each

Trading Tweaks

NMDC ex-date for share buyback

Insider Trading

  • Aarti Industries promoters sold 38k shares from Jan. 10-11
  • Advanced Enzyme Technologies promoter group Piyush Rathi sold 1 lakh shares on Jan. 14
  • Aster DM Healthcare promoter and director Dr Azad Moopen acquired 16.5k shares on Jan. 15

Active Stock Futures

  • Nifty January futures closed trading at 10922, premium of 29 points
  • Max open interest for January series at 11,000 Call (open interest at 36.4 lakh shares)
  • Max open interest for January series at 10,500 Put (open interest at 40.2 lakh shares)

Stocks In Ban

  • Adani Power
  • Jet Airways

Earnings Reactions To Watch

Mindtree (QoQ)

  • Dollar revenue up 2.1 percent at $251.5 million
  • Revenue up 1.8 percent at Rs 1,787.2 crore
  • Net profit down 7.3 percent at Rs 191.2 crore
  • EBIT up 5.6 percent at Rs 242.3 crore
  • Margin at 13.6 percent versus 13.1 percent

Motilal Oswal Financial Services (YoY)

  • Revenue down 20.1 percent at Rs 647.6 crore
  • Net profit down 85.6 percent at Rs 39.9 crore
  • Declares Dividend of Rs 4 per share
  • Broking Revenue down 10 percent at Rs 269.5 crore

Results Today

  • Hindustan Unilever
  • Reliance Industries
  • Aditya Birla Money
  • AU Small Finance Bank
  • Cyient
  • Federal Bank
  • L&T Technology Services
  • Mangalam Organics
  • Mastek
  • Rallis India
  • Geojit Financial Services