India's Sensex clocked longest stretch of gains since Dec. 19 led by a rally in Reliance Industries, Kotak Mahindra Bank and Infosys. The S&P BSE Sensex rose 0.53 percent or 192 points to 35,579 and the NSE Nifty 50 Index climbed 0.50 percent or 55 points to 10,962.

Stocks To Watch

• IDBI Bank board approved to reinitiate divestment process of the bank’s stake in IDBI Federal Insurance.
• Sanwaria Consumer board approved raising $100 million via equity shares on a preferential basis by various methods including ADRs/GDRs and share warrants.
• Power Grid Corporation appointed director Ravi Singh as CMD with effect from Jan. 21 till a regular appointment is made for the post after outgoing CMD S. Jha gets released by Power Ministry post his appointment as the member of Central Electricity Regulatory Commission.
• Canara Bank said that it started inviting bids to offload its equity stake in NSDL, NSDL e-Governance Infra and Small Industries Development Bank of India.
• UFO Moviez: National Company Law Tribunal dismissed amalgamation scheme of the company with Qube Cinemas and other three entities. The company said it that it is currently under the process of exploring its options resultant to the order passed by NCLT.

Nifty Earnings To Watch

• Asian Paints

Other Earnings To Watch

• Agro Tech Foods
• Alembic Pharmaceuticals
• Aurionpro Solutions
• Cupid
• Confidence Petroleum
• Havells
• HDFC Standard Life Insurance
• ICICI Prudential Life Insurance
• Kirloskar Industries
• Oberoi Realty
• Reliance Nippon Life Asset Management
• Sadhana Nitrochem
• Shree Cement
• TVS Motor
• Genus Power Infrastructures
• Dolat Investments
• Rane (Madras)
• Syngene International

Earnings Reaction To Watch

HDFC AMC (Q3,YoY)

• Revenue up 2 percent at Rs 477.1 crore.
• Net profit up 24.7 percent at Rs 243.3 crore.
• EBIT up 21.3 percent at Rs 312.5 crore.
• Margins at 65.5 percent versus 55.1 percent
• Other Income up 2.1 times at Rs 55.9 crore.
• Total AUM up 12 percent at Rs 3,29,100 crore (QoQ)
• Actively Managed Equity AUM up 4 percent at Rs 1,53,500 crore (QoQ)

Zensar Technologies (Q3, QoQ)

• Dollar Revenue up 4 percent at $143.7 million.
• Revenue up 6.9 percent at Rs 1,035.6 crore.
• Net profit down 40.8 percent at Rs 55.3 crore.
• EBIT down 16.6 percent at Rs 75.8 crore,
• Margins at 7.3 percent versus 9.4 percent.
• Other Income of Rs 41.3 crore in base quarter.

L&T Finance Holdings (Q3 Consolidated, YoY)

• Net interest income up 55.1 percent at Rs 503.4 crore.
• Net profit up 80.8 percent at Rs 579.9 crore.
• Other Income of Rs 272.4crore
• NIMs plus fees at 6.79 percent versus 5.62 percent.
• Lending business book up 23 percent at Rs 93,708 crore.

Coromandel International (Q3 Consolidated, YoY)

• Revenue up 11.5 percent at Rs 3,049.5 crore.
• Net profit down 14.5 percent at Rs 154.3 crore.
• Ebitda down 7.2 percent at Rs 303.9 crore.
• Margins at 10 percent versus 12 percent.
• Other Expenses up 51 percent at Rs 245.7 crore.

IRB Invit Fund (Q3, YoY)

• Revenue up 2 percent at Rs 306.2 crore.
• Net profit down 18.6 percent at Rs 52.2 crore.
• Ebitda down 10.7 percent at Rs 87.2 crore.
• Margins at 28.5 percent versus 32.5 percent.
• Project management expenses up 80 percent at Rs 34.8 crore.
• Trust declares distribution of Rs 3.1 per unit held.

Bhageria Industries (Q3, YoY)

• Revenue up 23.6 percent at Rs 112 crore.
• Net profit up 7.1 percent at Rs 15.1 crore.
• Ebitda flat at Rs 25.7 crore.
• Margins at 22.9 percent versus 28.7 percent.
• Raw materials as percent of sales at 64 percent versus 54 percent.
• Declares dividend of Rs 3.75 per share

Pondy Oxides & Chemicals (Q3, YoY)

• Revenue up 7.2 percent at Rs 255.2 crore.
• Net profit up 40 percent at Rs 11.2 crore.
• Ebitda up 30.3 percent at Rs 20.2 crore.
• Margins at 7.9 percent versus 6.5 percent

Sundaram Finance Holdings (Q3, YoY)

• Revenue up 80.4 percent at Rs 25.8 crore.
• Net profit up 54.5 percent at Rs 17.3 crore.

Sasken Technologies (Q3, QoQ)

• Revenue up 7.3 percent at Rs 121.4 crore.
• Net profit up 7.1 percent at Rs 18.1 crore.
• EBIT down 6 percent at Rs 11 crore.
• Margins at 9.1 percent versus 10.3 percent
• Revenue from top five consumers at 52.2 percent.

Just Dial (Q3 Standalone, YoY)

• Revenue up 15.2 percent at Rs 226.8 crore.
• Net profit up 2 times at Rs 57.3 crore.
• Ebitda up 18.7 percent at Rs 55.2 crore.
• Margin at 24.3 percent versus 23.6 percent.
• Other income of Rs 34.1 crore.

Bulk Deals

EID Parry

• Ardhya Investors sold 9.83 lakh shares (0.56 percent) at Rs 200.09 each

Trading Tweak

• KG Denim, IOC buyback period opens till Feb. 4.
• Excel Industries price band revised to 5 percent.

Who’s Meeting Whom

• Balaji Telefilms to meet Sundaram MF and MK Ventures from Jan. 22-23.
• Mishra Dhatu Nigam to meet HDFC MF on Jan. 25.

Insider Trading

• Oriental Hotels promoter & director Dodla Varada Reddy acquired 73,500 shares from Sep. 21-28 (2018)
• Satin Credit Network promoter Trishashna Holdings acquired 1.91 lakh shares between Jan. 11-18.
• Aster DM Healthcare promoter Dr. Azad Moopen acquired 60,000 shares between Jan. 17-18.

Money Market Update

• The rupee on Monday weakened for the second straight day to close at 71.28/$ against Friday’s closing of 71.19/$.

F&O Cues

• Nifty January futures closed trading at 10902, premium of 60 points.
• Max open interest for January series at 11,000 call (open interest at 32.6 lakh shares.
• Max open interest for January series at 10,700 put (open interest at 36.3 lakh shares)

Stocks In F&O Ban

• Adani Power
• Jet Airways

Put-Call Ratio

• Nifty PCR at 1.59 versus 1.56.
• Nifty Bank PCR at 1.18 versus 1.14.