NEW DELHI: Nifty futures on the Singapore Exchange were trading 2.50 points, or 0.02 per cent, higher at 11,619.50, indicating a flat start for the Nifty50. Here are a few stocks which may buzz the most in today’s trade:

ACC, TGBL: Tata Global Beverages (TGBL), ACC, ICICI Securities, Indiabulls Real Estate, Coromandel International, Indiabulls Integrated Services, Sasken Technologies, Nucleus Software Exports, Shiva Cement are a few companies which will report their quarterly earnings today.

India Cements, PC Jeweller and Allahabad Bank: NSE has announced exclusion of futures and options contracts of 34 companies, including India Cements, PC Jeweller, Jain Irrigation, Wockhardt, TV18 Broadcast, Tata Communications, Suzlon Energy, Reliance Power and Repco Home Finance; several banks such as Allahabad Bank, DCB Bank, Indian Bank, Karnataka Bank, South Indian Bank and Syndicate Bank.

Essel Propack: Private equity firm Blackstone will acquire Essel Propack Ltd (EPL), a leading specialty packaging company and the world’s largest manufacturer of laminated tubes, in a deal worth $460 million (₹3,200 crore).

Shriram Transport, Shriram Capital: Ajay Piramal is in preliminary discussions with Anand Mahindra and others as he looks to exit from the Shriram group of companies. On offer are stakes in three companies — Shriram Capital, Shriram Transport Finance and Shriram City Union Finance — valued at about ₹9,000 crore, analysts estimate.

Biocon: The board of directors will also consider and recommend a proposal for dividend and issue of bonus shares at the scheduled Board meeting on April 25.

MT Educare: Mumbai-based MT Educare has begun the process of spinning off its online education app Robomate into a separate entity and is holding discussions with multiple private equity and venture capital investors to raise capital for the venture.

SBI: In a bid to boost volumes for the struggling electric vehicles segment, State Bank of India launched a discounted loan for buyers of such vehicles pricing 20 basis points lower than its existing auto loans.

Reliance Capital: Axis Trustee Services has sold 51.81 lakh shares or nearly 2 per cent of company’s equity worth Rs 71 crore of Reliance Capital on Monday through bulk deals, according to NSE data.

SpiceJet: The domestic airline and Emirates announced that they have entered into a codeshare partnership that will open up international routes and destinations for passengers travelling on SpiceJet, and the domestic network for passengers travelling on Emirates flights to India.

GAIL: Bankrupt Infrastructure Leasing & Financial Services (IL&FS)'s asset monetization drive got a major boost Monday with state-run energy major Gail India offering Rs 4,800 crore for the seven operating wind power plants up for sale.

Jet Airways: Potential investors for the grounded carrier Jet Airways — Etihad Airways, TPG Capital and Indigo Partners — are having second thoughts on whether to bid for it as questions about the bidding procedure remain unanswered.

AU Small Finance Bank: The lender’s profit grew 42% to ₹118 crore in the March quarter led by a 50% growth in loans for vehicle purchases. Net Interest Income the difference between what it paid for funds and what it earned from lending, nearly to ₹851 crore from ₹464 crore.

Kotak Mahindra Bank: Kotak Mahindra Bank’s case against the Reserve Bank of India (RBI) on the issue of promoter shareholding in the bank did not come up for hearing at the Bombay High Court on Monday.

Wipro: The IT major's share buyback offers an arbitrage opportunity for small shareholders if the trade is initiated around the current price, according to analysts. The buyback price is at a premium of 13 per cent over Monday’s closing level of Rs 288.25 per share.

KPIT Technologies: The IT firm, which will now focus on auto segment alone, is eyeing to up operating margins to 18 % in two years from the present 15-16 %, and maintain revenue growth, a top official said.

Uttam Value Steels, Uttam Galva Metallics: Lenders to the distressed steel assets of Uttam Value Steels and Uttam Galva Metallics on Sunday approved a ₹2,400-crore resolution package in a staggered payment plan that requires banks to take haircuts of more than 60% on the loans.

MTNL: The Department of Telecom is learnt to have circulated a draft cabinet note for the allocation of 4G spectrum to BSNL and MTNL and implementation of a voluntary retirement scheme at the two loss-making telecom PSUs.

Board meetings

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Analyst calls
• IDBI Capital has maintained buy rating on DCB Bank and increased target price to ₹250 from ₹220. DCB Bank’s FY19 guidance given 3 years back on operational efficiency is largely met, said IDBI Capital. Cost-to-income, ROA and ROE is at 53.7%, 1.1% and 13.7% against its guidance of 55%, 1% and 14% respectively, it said.

• IIFL has maintained buy rating on Coal India with a target price of ₹323. The brokerage has cut FY20-21 EBITDA estimates by 5%, to factor-in the lower e-auction realisations. Coal India faces near-term volume headwinds, given normalised 18-day inventory at power plants with expected seasonal uptick in TPP generation, said IIFL.

• Kotak Institutional Equities has retained sell rating on RBL Bank and increased fair value to ₹560 from ₹550. RBL reported another solid quarter with earnings growth of 40% YoY on the back of 40% YoY revenue growth, the brokerage said.

• CLSA has retained buy rating on Reliance Industries and raised target price to ₹1,665 from ₹1,500 to included value from broadband, IMO and listed investments. Benefits from petcoke gasification, clarity on ecommerce plans, further asset monetisation and a pick-up in broadband are near-term trigger, said CLSA.

• Centrum Broking has downgraded CRISIL to add from buy and cut target price to ₹1,600 from ₹1,980. The brokerage sees growth headwinds across the non-ratings businesses, and this, along with little room for cost rationalisation would keep earnings under pressure.

Insider Buys:

• No Buy entry for the day .

Insider Sells:

• Gruh Finance Limited: Bhavsar Jagdishbhai Dharmesh has sold 35,000 shares through Market Sale on Mar 15, 2019.
• Opto Circuits (India) Limited: Thomas Dietiker has sold 25,000 shares through Market Sale from Mar 26, 2019 to Apr 1, 2019.

Note: Disclosure made under Reg 13(4), 13(4a) of SEBI (IT) regulations 1992.

Bulk and Block Deals :

Blg Tickers	Date	Company Name	Acquirer/Seller	Buy /Sell	Qty Traded	Price
63MOONS	22-Apr-19	63 Moons Technologies Limited	Yashvi Lodha Beneficiary Trust	Sell	270,000	119.92
BCG	22-Apr-19	Brightcom Group Limited	Uno Metals Limited	Buy	3,700,000	5.60
BCG	22-Apr-19	Brightcom Group Limited	Akg Finvest Limited	Buy	3,800,000	5.60
BCG	22-Apr-19	Brightcom Group Limited	Nakul Goenka	Sell	3,500,000	5.60
BCG	22-Apr-19	Brightcom Group Limited	Rajesh Goenka	Sell	3,500,000	5.60
DVNF	22-Apr-19	Divinus Fabrics Limited	Nikhil Gulabchand Shah	Buy	120,000	21.00
INTEC	22-Apr-19	Intense Technologies Ltd	Uno Metals Limited	Sell	262,000	37.84
RCAPT	22-Apr-19	Reliance Capital Ltd	Axis Trustee Services Limited	Sell	5,181,075	137.45
SIL	22-Apr-19	Sharp India Ltd	Somani Stock Broking Pvt Ltd	Buy	135,000	28.35
SIL	22-Apr-19	Sharp India Ltd	Mansarovar Financials	Sell	135,038	28.35
DIGV	22-Apr-19	Shree Digvijay Cement Co. Ltd	Anagha Advisors Llp	Buy	1,800,000	18.33

Source: Edelweiss Alternative Research