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Stocks to Watch

Mahindra & Mahindra Ltd: M&M, one of the leading automobile companies, will announce its financial results on February 12 for the third quarter ended December 31, 2015. IIFL expects net profit to dip to Rs. 787.2 crore at a rate of 6.8% yoy and 4.9% qoq.

Wipro: The IT Company has signed a definitive agreement to acquire HealthPlan Services from Water Street Healthcare Partners, a strategic investor focused exclusively on the health care industry.

Tata Motors: The company’s revenue stood at Rs. 72,256.40 crore, up 2.91% yoy and 17.84% qoq.

Reliance Industries, ONGC: RIL has agreed to participate in the AP Shah panel probing the allegation of theft of gas from the public sector company ONGC’s Krishna Godavari fields, reports a financial newspaper.

Blue Star: Blue Star Ltd. plans to build a greenfield plant in Jammu first and later take up another plant in Sri City in Andhra Pradesh, ED & President B. Thiagarajan said on Thursday.

State Bank of India: State Bank of India,  India's largest PSU lender, reported standalone net profit of Rs. 1,115.34 crore for the quarter ended December 31, 2015, registering decline of 61.67% yoy and 71.24% qoq.

Coal India: The company posted 10.7% growth in its coal supplies during the quarter ending December 2015 of the fiscal 2015-16.  The company’s consolidated revenue stood at Rs. 19,599.42 crore, up by 7.04% yoy and 12.06% qoq.

Hero MotoCorp: The Company posted a net profit after tax of Rs. 7,958.10 million for the quarter ended December 31, 2015 as compared to Rs. 5,829.80 million for the quarter ended December 31, 2014.

Wockhardt: Wockhardt Ltd posted a net profit after taxes, minority interest and share of profit of associates of Rs. 609.70 mn for the quarter ended December 31, 2015 as compared to Rs. 3472.50 mn for the quarter ended December 31, 2014.

ONGC: Oil & Natural Gas Corpn Ltd, multinational oil and gas company, reported standalone net profit of Rs.1,285.62 crore for the quarter ended December 31, 2015, registering decline of 64% yoy.

BGR Energy Systems: The company’s standalone revenue stood at Rs. 616.31 crore, down 37.66% yoy and 25.95% qoq.

BHEL: The company’s standalone revenue stood at Rs. 5,325.37 crore, down 14.08% yoy and 10.32% qoq.

J Kumar Infra: J Kumar Infrastructure Ltd has announced that it has bagged orders worth Rs 133.8 crore From MMRDA.

Tata Steel: Tata Steel will commence commercial steel production from Kalinganagar plant, the company's only greenfield steel mill outside Jamshedpur, from the next fiscal.

NALCO: The company’s standalone revenue stood at Rs. 1,635.26 crore, down 14.2% yoy and 9.91% qoq.

Aurobindo Pharma: The pharma company has received final approval from USFDA to manufacture and market Levofloxacin in 5% Dextrose injection.

TBZ: Tribhovandas Bhimji Zaveri has collaborated with Amazon to sell its diamond jewellery range and gold coins.

Rupa & Company: Rupa & Company Ltd, Kolkata based publishing company, reported standalone net profit of Rs.14.08 crore for the quarter ended December 31, 2015, registering growth of 78.21% yoy.

Liberty Shoes: The company’s standalone revenue stood at Rs. 123.31 crore, down by 14.73% yoy but up by 19.3% qoq.

Chennai Petroleum Corporation: The company’s standalone revenue stood at Rs. 5,088.24 crore, down 46.08% yoy and 14.95% qoq.

Ashok Leyland: The company’s standalone revenue stood at Rs. 4,085.34 crore, up 21.55% yoy but down 17.3% qoq.

Jubilant Foodworks: Jubilant Foodworks, franchisee of leading company Domino's Pizza and Dunkin Donuts, reported standalone net profit of Rs.31.74 crore for the quarter ended December 31, 2015, registering decline of 9.35% yoy.

Indraprastha Gas: The company’s standalone revenue stood at Rs. 929.22 crore, down 1.61% yoy and 4.12% qoq.

Coffee Day Enterprises: The company’s consolidated revenue stood at Rs. 679.60 crore, up 14.78% yoy and 2.07% qoq.

Indian Bank: Indian Bank, state-owned financial services company, reported standalone net profit of Rs. 42.30 crore for the quarter ended December 31, 2015, registering decline of 84.75% yoy and 88.54% qoq.

BEML: The company’s standalone revenue stood at Rs. 763.52 crore, up by 32.35% yoy and 22.91% qoq.

Bank Of India: Bank of India, nationalised bank with a presence in all the major trade centers of the world, reported standalone net loss of Rs. 1,505.58 crore for the quarter ended December 31, 2015, against net profit of Rs. 173.38 crore in the corresponding quarter of the previous year.

Man Industries India: The company will announce its financial results on February 12 for the fourth quarter ended December 31, 2015. IIFL expects net revenue to increase to Rs. 369 crore at a rate of 82.7% yoy and 15% qoq.

Bloodbath at D-street: Sensex crashes 800 pts, Nifty plunges below 7,000

Triggered by the global sell-off, the Indian equities witnessed hefty selling across all the sectoral indices on Thursday, with the benchmark Sensex crashed below 23,000-level while the NSE Nifty breached 7,000 mark. The foreign investors continued to wipe out cash fund from emerging markets like India over the prospects of the world economy amidst an ongoing slump in crude oil prices and worries over China.

The BSE SENSEX closed at 22951.83, down by 807.07 points, or by 3.4 per cent, and the NSE Nifty ended 239.35 points or 3.32 per cent lower at 6976.35.

The traders hit the “Sell” button after Fed Chair Janet Yellen on Wednesday signaled uncertainty over China’s growth prospects and an ongoing commodity rout, fears that have pushed global equities to the cusp of a bear market. While Yellen reiterated that the Fed remains on track to gradually raise interest rates, she conceded that the world’s top central bank may have to alter its interest rates forecasts amidst a continued financial market rout, meaning that the Fed may delay further rate hikes.

On the corporate front, shares of SBI ended 3 per cent lower after the country’s largest public sector lender reported a sharp decline of 67.09 per cent in its consolidated net profit at Rs 1,259.49 crore for the third quarter ended December 31, 2015, due to rise in provisions and bad loans.

The BSE MIDCAP closed at 9690.9, down by 327.22 points or by 3.27 per cent, while the BSE SMLCAP ended at 9801.26, down by 476.45 points, or by 4.64 per cent.

The top losers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 188.50,-6.94%), Bharat Heavy Electricals Ltd. (Rs. 120.35,-6.01%), Tata Motors Ltd. (Rs. 275.65,-5.55%), Oil And Natural Gas Corporation Ltd. (Rs. 202.80,-5.23%), Mahindra & Mahindra Ltd. (Rs. 1126.00,-4.93%), among others.

Meanwhile, Cipla Ltd. (Rs. 541.00,+0.40%), Dr. Reddy's Laboratories Ltd. (Rs. 2887.00,+0.01%), were among top gainers on BSE.

On the sectoral front, all the thirteen sectoral indices ended bleeding in red, with realty and power stocks emerged as top losers, falling 5.94 per cent and 4.81 per cent, respectively.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2965, shares advanced were 400 while 2455 shares declined and 110 were unchanged.

On the global front, Hang Seng ended nearly 4 per cent lower in reopening after a three-day holiday, signaling a deepening contagion that has struck global equities. While markets in mainland China remained closed for the Lunar New Year Holidays and that in Japan were also shut for a national holiday.

Shilpa Medicare gets compliance letter from USFDA for 2 units

Drug maker Shilpa Medicare Ltd on Thursday said it has received compliance letter from USFDA for its two API manufacturing sites located at Karnataka. “The company has received compliance letter from USFDA for both API manufacturing sites located at Raichur, Karnataka, India (Unit-1: Deosugur Industrial Area, Deosugur, Raichur, Karnataka, India and Unit-2: Raichur Industrial Growth Centre, Chicksugur, Raichur, Karnataka, India),” Shilpa Medicare Ltd said in a filing to the Bombay Stock Exchange on February 11, 2016. Meanwhile, shares of the company were trading at Rs 423.35 apiece, up 1.58 per cent, from previous close on BSE at 11:54 hours.

CIL Q3 net jumps 14 pct to Rs 3,718.25 cr on strong volume growth

Coal India, a state-controlled coal mining company, on Thursday reported higher-than-expected growth of 13.96 per cent in its consolidated net profit at Rs 3,718.25 crore for the third quarter ended December 31, 2015, helped by strong volume growth. “The state-owned company had posted consolidated net profit of Rs 3,262.49 crore for the quarter ended December 31, 2014,” Coal India said in a filing to Bombay Stock Exchange. The consolidated total Income of company increased 5.05 per cent to Rs 20,953.35 crore in Q3FY16 from Rs 19,944.86 crore in Q3FY15. According to CNBC-TV18 poll, the company was seen posting net profit at Rs 3,515 crore, while net sale was seen at Rs 19,438 crore. On the standalone basis, the company has posted net profit of Rs 672.55 crore against total revenue of Rs 882.33 crore for the quarter ended December 31, 2015. Operating profit (earnings before interest, tax, depreciation and amortisation) surged 8.77 per cent year-on-year to Rs 5,542.91 crore versus Rs 5,095.75 crore in the year ago period. However, other income fell 17 per cent to Rs 1,354 crore as compared to Rs 1,634.4 crore in same quarter last fiscal. Ahead of announcement, shares of company ended Thursday’s trading at Rs 305.05 apiece, down 2.87 per cent, on BSE.