Stock Market

Stocks to watch: Axis, Wipro, Mindtree, Cairn, Lakshmi Machine

Here are stocks that will be in news on Monday:

Results on Monday: Axis Bank , Idea Cellular , Bharti Infratel , Adani Enterprises , Adani Power , Adani Transmission , Indiabulls Real Estate , Reliance Capital , Tata Metaliks, Thyrocare Technologies, Adi Finechem, Aditya Birla Money, Ador Welding, Adore Multiproducts, Ajmera Realty, Atishay, Balaji Amines, Bharat Bhushan, Capital Trust, Coromandel Engineering, GeeCee Ventures, Greenply Industries, GSFC, Indag Rubber, Indian Metals, Johnson Control, Kirloskar Ferro, KPR Mill, Lloyds Metals, Mahindra CIE, Muthoot Capital, Navin Fluorine, Parrys Sugar, Rallis India, Rane Madras, Ruchira Papers, Saurashtra Cement, Shree Precoated Steels, Span Diagnostic, Supreme Petrochem, Swaraj Engines, Wendt

Wipro Q2
-Net profit up 0.9 percent at Rs 2,070.4 crore versus Rs 2,052 crore (QoQ)
-IT services revenue up 0.2 percent at Rs 13,136 crore versus Rs 13,109 crore (QoQ)
-IT services dollar revenue down 0.8 percent at USD 1,916.3 million versus USD 1,930.8 million
-IT services EBIT up 0.4 percent at Rs 2,337.2 crore versus Rs 2,326.9 crore (QoQ)
-IT services EBIT margin unchanged at 17.8 percent (QoQ)
-Constant currency sequential growth at 0.9 percent
-Voluntary TTM (trailing twelve months) attrition at 16.6 percent versus 16.5 percent (QoQ)
-Gross utilisation at 71.2 percent versus 69.9 percent (QoQ)
-Net utilisation (ex-trainees) at 82.8 percent versus 79.7 percent (QoQ)
-Guidance: Q3 IT services revenue seen in the range of USD 1,916-1,955 million
Alert: Wipro Q3 guidance at 0-2 percent versus 1-3 percent expectation
Wipro boardroom
-Low Q3 guidance on fewer working days, client furlough
-Appirio grown rapidly over last 5 years
-Scope to improve Appirio margins
-Currency moves impacted top clients
-Saw utilisation improvement in last few quarters, scope to improve it further
-See many levers to improve margins
-Appirio acquisition has given access to topcoder
-Taking steps to recalibrate India, West Asia business, may be a bit subdued for a while
-Need to take strategic bets to get to USD 15 billion target
-Have made 4 acquisitions since January, these will help achieve USD 15 bilion, 2020 target
-Planned to hire 4,500 people for automation, those plans on track
-See 3-4 percent headroom for improvement in utilisation

Mindtree Q2
-Net profit at Rs 94.8 crore versus Rs 12.3 crore (QoQ)
-Total income down 2.4 percent at Rs 1,295.4 crore versus Rs 1,327.6 crore (QoQ)
-Dollar revenue down 3 percent at USD 193 million versus USD 199 million (QoQ)
-EBITDA down 16.9 percent at Rs 162.1 crore versus Rs 195.1 crore (QoQ)
-EBITDA margin at 12.5 percent versus 14.7 percent (QoQ)
-Mindtree says top 5 clients contributed 30 percent revenue versus 29.6 percent (QoQ)

Cairn India Q2
-Consolidated net profit at Rs 778.7 crore versus Rs 325.6 crore (YoY)
-Consolidated total income down 9.1 percent at Rs 2,038.5 crore versus Rs 2242 crore (YoY)
-Consolidated EBITDA up 6.8 percent at Rs 1,039.1 crore versus Rs 973 crore (YoY)
-Consolidated EBITDA margin at 51 percent versus 43.4 percent (YoY)
-Consolidated other income up 28.1 percent at Rs 534.9 crore versus Rs 417.6 crore (YoY)

Oberoi Realty Q2
-Consolidated net profit up 12.5 percent at Rs 83.7 crore versus Rs 74.4 crore (YoY)
-Consolidated total income up 32.1 percent at Rs 252 crore versus Rs 190.8 crore (YoY)
-Consolidated EBITDA up 13.6 percent at Rs 125.7 crore versus Rs 110.7 crore (YoY)
-Consolidated EBITDA margin at 49.9 percent versus 58 percent (YoY)

V-Guard Q2
-Net profit up 68.8 percent at Rs 39 crore versus Rs 23.1 crore (YoY)
-Total income up 14.2 percent at Rs 495.1 crore versus Rs 433.4 crore (YoY)
-EBITDA up 46.4 percent at Rs 53.3 crore versus Rs 36.4 crore (YoY)
-EBITDA margin at 10.8 percent versus 8.4 percent (YoY)

Tata Sponge Q2
-Net profit at Rs 16.1 crore versus Rs 5.7 crore (YoY)
-Total income down 8.4 percent at Rs 153.5 crore versus Rs 167.5  crore (YoY)
-EBITDA at Rs 16.9 crore versus Rs 1.2 crore (YoY)
-EBITDA margin at 11 percent versus 0.7 percent (YoY)

Akzo Nobel Q2
-Net profit up 18.5 percent at Rs 41.6 crore versus Rs 35.1 crore (YoY)
-Total income up 7 percent at Rs 760.9 crore versus Rs 711.3 crore (YoY)
-EBITDA up 21.7 percent at Rs 69.6 crore versus Rs 57.2 crore (YoY)
-EBITDA margin at 9.1 percent versus 8 percent (YoY)

Everest Industries Q2
-Net loss at Rs 9.4 crore versus loss of Rs 2.3 crore (YoY)
-Total income down 20.9 percent at Rs 226.9 crore versus Rs 286.7 crore (YoY)
-EBITDA loss at Rs 6.1 crore versus EBITDA profit of Rs 4.3 crore (YoY)

-Net profit up 20.6 percent at Rs 60.3 crore versus Rs 50 crore (YoY)
-Total income up 9.7 percent at Rs 712.6 crore versus Rs 649.4 crore (YoY)
-EBITDA up 18.6 percent at Rs 84 crore versus Rs 70.8 crore (YoY)
-EBITDA margin at 11.8 percent versus 10.9 percent (YoY)

Triton Valves Q2
-Net profit up 23.8 percent at Rs 2.6 crore versus Rs 2.1 crore (YoY)
-Total income up 11.7 percent at Rs 47.7 crore versus Rs 42.7 crore (YoY)
-EBITDA up 27.9 percent at Rs 7.8 crore versus Rs 6.1 crore (YoY)
-EBITDA margin at 16.4 percent versus 14.3 percent (YoY)

RPG Life Q2
-Net profit at Rs 10.2 crore versus Rs 2.6 crore (YoY)
-Total income up 14.9 percent at Rs 78.6 crore versus Rs 68.4 crore (YoY)
-EBITDA up 21.8 percent at Rs 6.7 crore versus Rs 5.5 crore (YoY)
-EBITDA margin at 8.5 percent versus 8 percent (YoY)

Sun Pharma says
-Got Competition Commission of India (CCI) approval to divest 7 prescription brands to RPG Life
Alert: Company had signed pact with RPG Life in July to divest its 7 brands

GE Shipping
-Signs contract to buy Supramax dry bulk carrier of 58,000 dwt
-Vessel expected to join company’s fleet in Q3FY17

NBCC – Government official says
-NBCC offer for sale (OFS) garners approximately Rs 2,200 crore
-Healthy demand from banks, FIIs, insurance companies, HNIs for NBCC OFS
-Approximately 62 percent of the minority stake sale target met in current fiscal
-Approximately Rs 22,500 crore out of Rs 36,000 crore minority stake sale between April 1-October 21
Alert: Government garnered Rs 25,000 crore as disinvestment proceeds in FY16
Alert: FY17 total disinvestment target including strategic sale at Rs 56,000 crore
-Finance ministry may seek Cabinet nod on strategic disinvestment next week

-Proposes Rs 50 crore penalty/license service area against 3 major telecom companies
-Penalty proposed for point of interconnect congestion

Other stocks and sectors that will be in news on Monday:
Union Bank of India to consider fund raising on October 26
Lakshmi Machine Works board to consider buyback proposal on October 26
M&M acquires 100 percent stake in BSA for Rs 28 crore
Apollo Tyres board approves non-convertible debentures issue of up to Rs 300 crore