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Stocks To Watch: GAIL, Union Bank, TVS Motor, Federal Bank

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Indian equity benchmark rebounded after form a six-week low in Thursday’s trading session, led by Bharti Airtel and Asian Paints.

The S&P BSE Sensex Index closed 1.1 percent higher at 32,949 as 26 of its 31 members advanced. The Sensex erased losses from Wednesday, when the central bank left rates unchanged, as predicted by most economists and tweaked inflation forecasts higher.

The NSE Nifty 50 Index closed 1.2 percent higher at 10,166. The market breadth was tilted in the favour of buyers.

Here Are The Stocks To Watch Out For In Friday’s Session

  • GAIL: Awards contracts for laying 520 km pipelines from Dobhi to Durgapur
  • NIL Industries: QIP opens at floor price of Rs 249.63 per share
  • Union Bank: QIP opens at a floor price of Rs 162.79 per share
  • TVS Motor: Buys 14.8 percent stake in electric 2-Wheeler company Ultraviolette
  • Federal Bank: Gives in-principal approval for investment to be done by a strategic investor in its wholly owned subsidiary FedBank Financial Services
  • Emami: To acquire 30 percent stake in Helios Lifestyle Pvt Ltd for an undisclosed consideration
  • Tube Investments: To acquire controlling stake in Creative Cycles & Great Cycles, Sri Lanka

Bulk Deals

Himatsingka Seide

  • Merrill Lynch India Equities Fund bought 13.76 lakh shares (1.4 percent) at Rs 332 each
  • Promoter Leela Devi Himatsingka sold 11.55 lakh shares (1.2 percent) at Rs 332 each

Blue Star

  • SAIF India IV FII Holdings sold 7.57 lakh shares (0.8 percent) at Rs 800 each

Kohinoor Foods

  • Equity Intelligence India sold 2 lakh shares (0.6 percent) at Rs 77.04 each

Religare Enterprises

  • Resilient India Growth Fund bought 1.76 crore shares (9.9 percent) at Rs 56.7 each
  • IDBI Trusteeship sold 1.78 Crore shares (10 percent) at Rs 56.7 each

Axiscades Engineering

  • Master Portfolio Services - Valum India Discovery Scheme bought 1.95 lakh shares (0.5 percent) at Rs 153.22 each

LT Foods

  • India Agri Business Fund sold 20 lakh shares (0.7 percent) at Rs 84.19 each

Ruchi Soya

  • Cresta Fund sold 42.50 lakh shares (1.3 percent) at Rs 20.48 each

Asian oil fields

  • Religare Finvest sold 1.79 lakh shares (0.6 percent) at Rs 217.75 each

F&O Setup

  • Nifty Dec. Futures trading at 10,202.9, premium of 37 points versus 24.6 points
  • Dec. Futures: Nifty open interest down 1 percent; Bank Nifty open interest up 2 percent
  • India VIX closed at 14.2, down 5.4 percent
  • Max open interest for Dec. series at 10,500 Call (open interest at 61.9 lakh, down 7 percent)
  • Max open interest for Dec. series at 10,000 Put (open interest at 85.9 lakh, up 7 percent)

F&O Ban

  • In ban: HDIL, IRB Infra, Jet Airways, Jain Irrigation
  • New in ban: HDIL, IRB Infra, Jet Airways

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

Active Stock Futures

Earnings Reactions To Watch

Jet Airways (Q2, YoY)

  • Revenue up 3 percent at Rs 5,627 crore
  • Net Profit down 91 percent to Rs 50 crore
  • EBITDAR down 31 percent at Rs 837 crore
  • EBITDAR margin at 14.9 percent versus 22.1 percent

Indian Hume Pipe (Q2, YoY)

  • Revenue down 52 percent at Rs 214 crore
  • Net profit down 63 percent at Rs 8 crore
  • EBITDA down 49 percent at Rs 25 crore
  • Margin at 11.7 percent versus 11.3 percent

Fortune Financial (Q2, YoY)

  • Revenue up 36 percent at Rs 60 crore
  • Net profit down 33 percent at Rs 8 crore
  • EBITDA up 33 percent at Rs 20 crore
  • Margin at 33.3 percent versus 34.1 percent

BPL (Q2, YoY)

  • Revenue up 23 percent at Rs 43 crore
  • Net profit at Rs 16 crore
  • EBITDA up 260 percent at Rs 3.6 crore
  • Margin at 8.4 percent versus 2.9 percent

Results Today

  • Aegis Logistics
  • Ajmera Realty
  • Federal Mogul
  • Global Vectra Helicorp
  • HDFC Standard Life Insurance
  • Jayshree Tea
  • KDDL
  • Omax Autos

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