Stocks built on recent gains amid positive signals emanating from trade negotiations.

President Donald Trump said he will delay the March 1 deadline for higher U.S. tariffs on $200 billion of Chinese goods. That gave a modest lift to riskier assets, with Japan and South Korean shares opening higher and U.S. equity futures advancing.

The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, traded a little changed at 10,810 as of 7:05 a.m.

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Here Are The Stocks To Watch Out For In Today’s Trade

Reliance Power Investors Meet Takeaways

• Thermal Portfolio of Reliance Power operated at 81 percent PLF versus national average of 62 percent PLF.
• Expects to achieve resolution of regulatory issue aggregating to Rs 5000 crore
• The Company’s risk management is on track:

1. Tilaiya UMPP closed with release of Bank Guarantees of Rs. 808 crore. and receipt of Rs. 113 crore towards transfer of SPV to procurers.
2. Samalkot Project Equipment being relocated to Bangladesh - Phase I is under implementation.
3. Krishnapatnam UMPP - SPV being returned to PFC /procurers for buyback price.

• No further equity will be required for projects under development.
• Bangladesh Project’s equity to be funded in kind and the project will done in phased manner, while unlocking investments in Samalkot.
• No hydro, solar and wind investments at current tariff levels.

Reliance Industries’ Acquisition Plans

• Company to invest Rs 68 crore to acquire 76 percent stake in Easygov, software service and data solutions company. The company will complete acquisition by March 2021.
• Company to invest Rs 216 crore to acquire 83 percent stake in SankhyaSutra Labs Pvt. Ltd., high-performance computing software simulation services company. The company will complete acquisition by December 2021.
• Company to invest Rs 267 crore to acquire 83.3 percent stake in Reverie Language Technologies Pvt. Ltd., a language technologies development company. The company will complete acquisition by March 2021.

Bulk Deals

• Kotak Mahindra Bank: ING Mauritius Investments sold 5.84 crore shares or 3.06 percent equity at Rs 1228.51 each.

IndInfravit Trust (No shareholding details given)

• Omer Infra Asia Holdings acquired 8.28 crore shares at Rs 104.5 each.
• ICICI Prudential Mutual Fund sold 1 crore shares at Rs 104.5 each.
• L & T Transportation Infrastructure sold 26 lakh shares at Rs 104.5 each.
• Larsen & Toubro sold 6.62 crore shares at Rs 104.5 each.
• Yes Bank sold 26 lakh shares at Rs 104.5 each.

Stride Pharma

• Promoter Abusha Investment & Management Services sold 5 lakh shares or 0.56 percent equity at Rs 423 each.
• Lifecell International acquired 5 lakh shares or 0.56 percent equity at Rs 423 each.

Suprajit Engineering

• Stewart Investors Asia Pacific Fund acquired 16.51 lakh shares or 1.18 percent equity at Rs 198.9 each.
• Small Cap World Fund sold 30.63 lakh shares or 2.19 percent equity at Rs 198.9 each.

Trading Tweaks

• Reliance Home Finance price band revised to 5 percent.

Who’s Meeting Whom

• UPL to meet Bank of America Merrill Lynch between Feb. 27-28.
• Tata Motors to meet Quantum Advisors, GIC AMC, BNP Paribas Securities between Feb. 25-28.
• Dr Lal PathLabs to meet C Worldwide AMC and Bay Capital between Feb. 25-27.
• IDFC First Bank to meet Daiwa AMC, Sumitomo Mitsui AMC and other investors between Feb.25-27.
• Mahindra & Mahindra to meet GIC Singapore on Feb..27.
• Escorts to meet TT International HK on Feb. 25.

Insider Trading

• Deepak Fertilisers & Petrochemicals promoter group Robust Marketing Services acquired 1 lakh shares on Feb. 20
• Apollo Tyres promoter group PTL Enterprises acquired 1 lakh shares on Feb. 21.
• JB Chemicals and Pharma promoter group Nitin Doshi sold 30,200 shares on Feb. 21.
• Waterbase promoter KCT Management Services acquired 33,000 shares between Feb. 19-20.

Money Market Update

• The rupee on Friday closed at 71.14/$ versus Thursday’s closing of 71.25/$.

F&O Cues

• Nifty February futures closed trading at 10809, premium of 17 points.
• Max OI for February series at 11,000 Call, OI at 41.1 lakh shares.
• Max OI for February series at 10,700 Put, OI at 35.8 lakh shares.

Stocks In F&O Ban

• In Ban: Adani Enterprises, Adani Power, Allahabad Bank, IDBI, Jet Airways, Reliance Power, PC Jeweller
• Out of Ban: Kaveri Seed, Reliance Capital, Reliance Infra.

Put-Call Ratio

• Nifty PCR at 1.37 versus 1.38.
• Bank Nifty PCR at 1.08 versus 1.26.

Brokerage Radar

UBS On SBI

• Upgraded to ‘Buy’ from ‘Neutral’; hiked price target to Rs 360 from Rs 330.
• Lower credit costs and operating leverage to boost RoE to 13 percent.
• Best positioned with strong retail liability franchise.
• Expect 370 basis points decline in the cost to income ratio in the next financial year.

Motilal Oswal on Phoenix Mills

• Maintained ‘Buy’ with a price target of Rs 708.
• On-track execution; five new malls to drive rental growth.
• Operational retail portfolio to double in four years.
• Believe that Phoenix is a unique play in India’s retail growth story.

Morgan Stanley on Indian Metal Stocks

• Steel companies’ earnings will accelerate led by domestic demand and price hikes.
• Non-ferrous downgrades reflects earnings risk from commodity prices.
• Coal India positives: firm e-auction prices, costs controls and net cash position.
• Jindal Steel and Power: Upgraded to ‘Overweight’ from ‘Equal-weight’; hiked price target to Rs 188 from Rs 174.
• JSW Steel: Upgraded to ‘Equal-weight’ from ‘Underweight’; hiked price target to Rs 296 from Rs 278.
• SAIL: Upgraded to ‘Equal-weight’ from ‘Underweight’; hiked price target to Rs 54 from Rs 53.
• Hindalco: Downgraded to ‘Equal-weight’ from ‘Overweight’; cut price target to Rs 211 from Rs 290.
• Vedanta: Maintained ‘Equal-weight’; cut price target to Rs 176 from Rs 235.
• Coal India: Maintained ‘Overweight’; cut price target to Rs 268 from Rs 296.

On Adani Ports

CLSA

• Maintained ‘Buy’ with a price target of Rs 475.
• Acquires Adani’s agriculture logistics from group at premium valuation.
• Funding is not a problem as its post-acquisition leverage will be 0.72 times.
• Will group merge more assets into Adani Ports—a key client concern.

JPMorgan

• Maintained ‘Overweight’ with a price target of Rs 430.
• Expensively priced inter-group deal on FY20 basis, synergies kick-off starting FY21.
• Management does not see any other Adani group asset that overlaps with port/logistics business aside.
• Expect a negative stock reaction to this instance of inter-group M&A.

Citi

• Downgraded to ‘Neutral’ from ‘Buy’; cut price target to Rs 385 from Rs 500.
• Downgrade as acquisition appears expensive and raises questions on capital allocation.
• Acquisition might lead to resurgence of investor concern around related party transaction.
• Underlying operations are of high quality and stock valuations are reasonable.