Stocks to Watch: Dish TV, Eicher, M&M
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Stocks to Watch: Dish TV, Eicher, M&M, Metropolis Health, Sun Pharma Friday, May 28, 2021 - Morning brief for the stock market: TOP EVENTS TODAY * Nifty 50 company detailing Jan-Mar earning: + Mahindra & Mahindra and Mahindra Vehicle Manufacturers, (Net profit seen 10.97 bln rupees vs 32.6 bln rupees loss year ago) * Jan-Mar earnings to be detailed by: 3M India, Incon Engineers, Rolcon Engineering Co, Action Construction Equipment, India Nippon Electricals, RSWM, AD Manum Finance, Indian Bank, Servoteach Industries, Aditya Birla Fashion and Retail, Indokem, Sharp Investments, Ador Multiproducts, IPCA Laboratories, Shish Industries, Ador Welding, ITD Cementation India, Shree Rama Newsprint, 1 Arvind Smartspaces, Jagran Prakashan, Shree Steel Wire Ropes, Associated Alcohols & Breweries, Jindal Poly Films, Shree Tulsi Online.Com, Aurionpro Solutions, Kama Holdings, Si Capital & Financial Services, Batliboi, Kanoria Chemicals & Industries, Sikozy Realtors, Bengal & Assam Co, Karur Vysya Bank, Sirca Paints India, Kovilpatti Lakshmi Roller Flour Blue Circle Services, SMS Pharmaceuticals, Mills, Lakshmi Electrical Control Bridge Securities, SRG Housing Finance, Systems, Calcom Vision, Max Healthcare Institute, SRU Steels, Camlin Fine Sciences, Mindteck India, Stanpacks India, Central Bank of India, Munoth Communication, Steel Exchange India, Chemo Pharma Laboratories, Munoth Financial Services, Steelcast, City Union Bank, NACL Industries, Sudal Industries, Classic Filaments, Navkar Corp, Sudarshan Chemical Industries, Confidence Futuristic Energetech, NCC, Sumitomo Chemical India, Confidence Petroleum India, Nesco, Sundaram Finance, Cyber Media (India), New Light Apparels, Supra Pacific Management Deepak Fertilisers & Petrochemicals Corp, Onmobile Global, T Spiritual World, Delta Manufacturing, Orient Green Power Co, Tashi India, Dilip Buildcon, Permanent Magnets, TCPL Packaging, Excel Industries, Polymac Thermoformers, The Ugar Sugar Works, Fiberweb India, Prataap Snacks, Time Technoplast, Force Motors, Pudumjee Paper Products, TV Today Network, 2 Genus Power Infrastructures, Rajapalayam Mills, Ujjivan Financial Services, Glenmark Pharmaceuticals, Rama Phosphates, Vinyoflex, GMM Pfaudler, REC, V-Mart Retail, Gorani Industries, Reliance Infrastructure, WEP Solutions, Gulf Oil Lubricants India, Renaissance Global, WPIL, Heidelbergcement India, RGF Capital Markets, Zuari Agro Chemicals * Board Meetings of: + Action Construction Equipment, to consider dividend + Arvind Smartspaces, to consider dividend + Associated Alcohols & Breweries, to consider dividend + Aurionpro Solutions, to consider dividend + Bengal & Assam Co, to consider dividend + City Union Bank, to consider dividend + Deepak Fertilisers & Petrochemicals Corp, to consider dividend + Dilip Buildcon, to consider dividend + Excel Industries, to consider dividend + Force Motors, to consider dividend + Glenmark Pharmaceuticals, to consider dividend + GMM Pfaudler, to consider dividend + Gulf Oil Lubricants India, to consider dividend 3 + Heidelbergcement India, to consider dividend + ITD Cementation India, to consider dividend + Jindal Poly Films, to consider dividend + Kama Holdings, to consider dividend + Kanoria Chemicals & Industries, to consider dividend + Karur Vysya Bank, to consider dividend + Kovilpatti Lakshmi Roller Flour Mills, to consider dividend + Lakshmi Electrical Control Systems, to consider dividend + Mahindra & Mahindra, to consider dividend + Mindteck India, to consider dividend + NACL Industries, to consider dividend + NCC, to consider dividend + Nesco, to consider dividend + Onmobile Global, to consider dividend + Permanent Magnets, to consider dividend + Polymac Thermoformers, to consider dividend + Prataap Snacks, to consider dividend + Pudumjee Paper Products, to consider dividend + Rajapalayam Mills, to consider dividend + Rama Phosphates, to consider dividend + Renaissance Global, to consider dividend 4 + Rolcon Engineering Co, to consider dividend + Sirca Paints India, to consider dividend + Sudarshan Chemical Industries, to consider dividend + Sumitomo Chemical India, to consider dividend + Sundaram Finance, to consider dividend + TCPL Packaging, to consider dividend + The Ugar Sugar Works, to consider dividend + Time Technoplast, to consider dividend + TV Today Network, to consider dividend * Annual General Meeting of: Automotive Stampings & Assemblies INDICATORS (previous session) * NSE provisional net buy/(sell) in bln rupees, May 27: FIIs (6.61), DIIs 1.12 * Institutional net buy/(sell) in bln rupees, May 25 and 26: FIIs 14.95 * FII NSE futures net buy/(sell) in bln rupee, May 27: index 26.37, stock (2.80) * Sensex: 51115.22, up 97.70 points; Nifty 50: 15337.85, up 36.40 points * Crude: $66.85/bbl; Rupee: 72.59/$1; Gold: $1,898.5/ounce; 10-year yield: 5.9873% GLOBAL MARKETS 5 * US : Benchmark indices ended mostly higher on Thursday on positive economic data as fewer-than-expected people applied for jobless claims in the country last week and the economy grew at an annualized pace of 6.4% in Jan-Mar, as estimated earlier. * Asia : Equities rose in early trade today, tracking positive cues from the US, where encouraging set of economic data boosted sentiment. DOMESTIC OUTLOOK * Indices are seen extending gains from Thursday on the back of improved global sentiment after data showed a fall in the US weekly jobless claims, and reports suggested that the US President is likely to propose a budget worth $6 trln. EARNINGS FOR JAN-MAR ==================== * EICHER MOTORS (Consol PAT 5.26 bln rupees, up 72.91% YoY Consol Revenue 29.40 bln rupees, up 33.16% YoY) * FINE ORGANIC INDUSTRIES (Consol PAT 317.91 mln rupees, down 7.46% YoY Consol Revenue 3.23 bln rupees, up 30.57% YoY) * GUJARAT PIPAVAV PORT (Consol PAT 653.9 mln rupees, up 20.79% YoY 6 Consol Revenue 1.93 bln rupees, up 19.44% YoY) * IRB INFRASTRUCTURE DEVELOPERS (Consol PAT 974.64 mln rupees, down 36.84% YoY Consol Revenue 16.06 bln rupees, up 1.35% YoY) * METROPOLIS HEALTHCARE (Consol PAT 613.46 mln rupees, up 295.96% YoY Consol Revenue 2.92 bln rupees, up 40.95% YoY) * REDINGTON (INDIA) (Consol PAT 3.03 bln rupees, up 153.78% YoY Consol Revenue 155.04 bln rupees, up 22.4% YoY) * SOLAR INDUSTRIES INDIA (Consol PAT 910.2 mln rupees, up 82.19% YoY Consol Revenue 7.91 bln rupees, up 44.55% YoY) * SUN PHARMACEUTICAL INDUSTRIES (Consol PAT 8.94 bln rupees, up 123.63% YoY Consol Revenue 85.23 bln rupees, up 4.13% YoY) 7 * UCO BANK (PAT 800.3 mln rupees, up 376.94% YoY NII 14.13 bln rupees, up 12.60% YoY) SECTOR NEWS =========== * FINANCE: The board of LTIDPL Indvit Services, which is the investment manager of IndInfravit Trust, has approved the allotment of non-convertible debentures aggregating up to 8.50 bln rupees on a private placement basis. * HEALTHCARE: Pfizer Inc may start distributing its COVID-19 vaccine in India by July, NITI Aayog member V.K. Paul said during a press conference. * TRADE: The government has approved the appointment of B.V.R. Subrahmanyam as commerce secretary from July. STOCKS ====== * ADANI ENTERPRISES: Integrated Core Strategies (Asia) sold shares of the company, ADANI TOTAL GAS, and ADANI TRANSMISSION via bulk deals on the National Stock Exchange. 8 * APOLLO HOSPITALS ENTERPRISE: Said that so far, it has administered 1 mln COVID- 19 vaccine doses across 80 locations through group hospitals in the country, and aims to take this number to 20 mln by September. * BHARAT ELECTRONICS: Integrated Core Strategies (Asia) sold 28.5 mln shares, or 1.2% stake, in the company at 148.43 rupees apiece via a bulk deal on the National Stock Exchange. * CADILA HEALTHCARE: Will likely apply for emergency usage authorisation for its COVID- 19 vaccine, ZyCov-D, in the next two weeks, Managing Director Sharvil Patel said. * CHOLAMANDALAM INVESTMENT AND FINANCE CO: Integrated Core Strategies (Asia) sold 7.9 mln shares, representing 0.96% stake in the company, at 537.32 rupees a share through a bulk deal on the National Stock Exchange. * DISH TV INDIA: Is considering a 10-bln-rupee rights issue. A board meeting on this is expected to be called soon, disclosed merchant banking sources. (BS) * HESTER BIOSCIENCES: Has signed a memorandum of understanding with Bharat Biotech International to invest 400 mln rupees and provide infrastructure to manufacture drug substance for Covaxin, one of the two COVID-19 vaccines being made in India. * HINDALCO INDUSTRIES: Has raised the prices of its aluminium ingots, billets and wire rods after cutting them five times in a row. The company raised prices by more than 1% or 2,500 rupees per tn with effect from Wednesday. 9 * HINDUSTAN UNILEVER: Will continue to focus on volume-led competitive growth even as it remains watchful of the second wave of COVID-19, the fast-moving consumer goods major said in its annual report for 2020-21 (Apr-Mar). * INFOSYS: Delivery capabilities have not been materially impacted due to the second wave of COVID-19 in India, Chief Executive Officer Salil Parekh said. Promoter S.D. Shibulal bought 722,545 shares, representing 0.02% stake, in the company from promoter Kumari Shibulal, who is also his wife, through a block deal on BSE. * JSW STEEL: Amid opposition from within the ruling BJP and cases pending in courts, the Karnataka cabinet on Thursday put on hold its earlier decision to sell 3,667 acres of land to the company in Ballari district. (PTI) * MARUTI SUZUKI INDIA: Is collaborating with manufacturers to boost production of oxygen generators in the country. (BS) * NATIONAL FERTILIZERS: The government has extended the