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Stocks To Watch: ACC, Bharat Dynamics, Fortis, Sun Pharma

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  • Mishra Dhatu Nigam signs two pacts at DefExpo India 2018: Bloomberg
  • IHH is said to seek time for due diligence and financial details before Fortis bid: Bloomberg
  • Infosys clarifies it has not received any anonymous whistleblower complaint.
  • NMDC cuts prices of lump ore and fines by Rs 100 each to Rs 2,900 per tonne and Rs 2,560 per tonne with effect from April 18.
  • Sun Pharmaceuticals unit hikes stake in Ranbaxy Malaysia by 4.93 percent.

Indian equity benchmarks halted nine-day winning streak, the longest rally in over three years.

The S&P BSE Sensex Index closed 0.2 percent lower at 34,331.68, while the NSE Nifty 50 Index closed at 10,526.20, down 0.2 percent.

Here Are The Stock To Watch Out For In Thursday’s Trade

  • Mercator says coal mining operations in Indonesia have attained near optimum levels.
  • Dynamatic Technologies signs MoU with France’s Daher Aerospace.
  • Mishra Dhatu Nigam signs two pacts in DefExpo India 2018: Bloomberg
  • IHH is said to seek time for due diligence and financial details before Fortis bid: Bloomberg
  • Infosys clarifies it has not received any anonymous whistleblower complaint.
  • GEE to enter into pact with Avion Investments for development of IT Pak Project at Thane Plant.
  • Container Corp to consider stock split on April 30.
  • ABG Shipyard IRP invites fresh bids for the company.
  • Infibeam gets online marketplace contract from NSDC.
  • Dynemic Products Ltd. gets closure notice for Gujarat unit from Gujarat Pollution Control Board.
  • NMDC cuts prices of lump ore and fines by Rs 100 each to Rs 2,900 per tonne and Rs 2,560 per tonne with effect from April 18.
  • Bharat Dynamics signs licensing agreement with DRDO for Astra MK-1 Weapon System.
  • Bharti Airtel announces 30GB free data for users upgrading to 4G: Bloomberg
  • Sun Pharmaceuticals unit hikes stake in Ranbaxy Malaysia by 4.93 percent.
  • GE Shipping takes delivery of secondhand very large gas carrier of about 81,617 cbm; company has also committed to purchase one second-hand medium gas carrier.
  • Lemon Tree Hotels signs three management contract for a hotel each in Rishikesh, Neelkanth and Mussoorie.
  • JHS Svendgaard board approves additional investment in JHS Svendgaard brands and JHS Svendgaard retail ventures.
  • Jain Irrigation board approves plan to raise Rs 260 crore loan from World Bank arm
  • Trigyn Technologies receives three IT services contract in U.S.
  • Magma Fincorp raises Rs 500 crore at a price of Rs 155 per share through a QIP.

F&O Setup

  • Nifty April Futures closed trading at 10,538 with a premium of 12.6 points versus 2.5 points.
  • April series-Nifty open interest up 1 percent, Bank Nifty open interest down 5 percent.
  • India VIX ended at 14.01, up 0.5 percent.
  • Max open interest for April series at 10,700 (open interest at 50.5 lakh, up 9 percent)
  • Max open interest for April series at 10,400 (open interest at 51.4 lakh, down 2 percent)

F&O Ban

  • In ban: IRB Infrastructure Developers, Jet Airways (India), Jaiprakash Associates, Reliance Communications, TV18 Broadcast
  • New in ban: Jet Airways (India)

Only intraday positions can be taken in stocks which are in F&O ban. There is a penalty in case of a rollover of these intraday positions.

Active Stock Futures

Bulk Deals

DCB Bank: Abu Dhabi Investment Authority bought 21 lakh shares (0.7 percent) at Rs 198.18 each.

Tata Sponge Iron: AJO Emerging Markets Small-Cap Master Fund, Ltd. sold 81,844 shares (0.5 percent) at Rs 1,148.41 each.

GSS Infotech

  • Elara India Opportunities Fund bought 6.50 lakh shares (3.8 percent) at Rs 74 each.
  • Nomura Singapore bought 5 lakh shares (3 percent) at Rs 74 each.

Huhtamaki PPL

  • Promoter Huhtavefa B.V bought 5.50 lakh shares (0.7 percent) at Rs 353.55 each.
  • Amar Chhajed sold 5.50 lakh shares (0.7 percent) at Rs 353.55 each.

Teamlease Services

  • Kotak India Mid-Cap Fund bought 5.82 lakh shares (3.4 percent) at Rs 2210 each.
  • Gaja Capital India Fund I sold 1.07 lakh shares (0.6 percent) at Rs 2210 each.
  • GPE (India) Ltd. sold 5.75 lakh shares (3.4 percent) at Rs 2210 each.

Earnings Reactions To Watch

Mindtree (Q4, QoQ)

  • Revenue up 6 percent at Rs 1464 crore.
  • Net profit up 29 percent at Rs 182 crore.
  • EBIT up 19 percent at Rs 197 crore.
  • Margin expanded to 13.5 percent from 12.0 percent.

HDFC Standard Life Insurance (Q4, YoY)

  • Net premium income up 24 percent at Rs 8,900 crore.
  • Net profit up 40 percent at Rs 347 crore.
  • Loss from investment at Rs 937 crore versus income of Rs 4,866 crore.

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