🇮🇳 *India Daybook*

🔹 *Stocks to watch for*

Fertiliser Companies to be paid subsidies every week instead of waiting for months (Positive)

Panacea inks pact with Natco, Breckenridge for cancer drug (Positive)

JBF Industries has approved a scheme of arrangement involving Debt Restructuring to secured and unsecured lenders. (Positive)

TCS a Leader in IT Infrastructure Services Automation: Everest Group (Positive)

C&C Construction: Receipt of Order of INR 266.2 Crores. (Positive)

HIL completed the acquisition of Germany based Parador Holdings GmbH (Positive)

GAIL launched online portal for common carrier capacity booking on pipeline platform. (Positive)

Eicher Trucks & Buses bags order for 350 trucks from Bangladesh (Positive)

GVK inviting bids for Mumbai airport stake sale: Report (Positive)

FDI growth up 23 percent in April-June quarter this fiscal (Positive)

SAIL is considering locations in three states for steel plant in joint venture with ArcelorMittal (Positive)

Oriental Bank of Commerce is mulling to raise Rs 1,000 crore via qualified institutional placement on Aug. 30 (Positive)

Welspun Ent: Promoter acquired 11.5 lakh shares, or 0.78 percent equity at Rs 165.77 each. (Positive)

JSW Steel promoter group acquired 5 lakh shares on Aug. 23. (Positive)

Apollo Hospitals: With Max Hospital applied for India Universal Health Plan (Neutral)

LIC Housing: 1Q net income 5.68b rupees, beats est. 5.44b (Neutral)

Jet Airways (Q1, YoY): Net Loss of Rs 1,323 crore versus profit of Rs 53.5 crore. Revenue up 6.4 percent to Rs 6,010 crore. (Neutral)

Punj Lloyd says Shiv Punj, Jyoti Punj resigned as Directors (Negative)

Debt-ridden power companies suffer a setback from Allahabad High Court (Negative)

Citi on J.Kumar Infra: Initiated ‘Buy’ with a price target of Rs 416, implying a potential upside of 85 percent from the last regular trade. (Positive)

Elara Capital on Dixon Technologies: Initiated ‘Buy’ with a price target of Rs 3,475, implying a potential upside of 30 percent from the last regular trade. (Positive)

Elara Capital on Amber Enterprise: Initiated ‘Buy’ with a price target of Rs 1,225, implying a potential upside of 27 percent from the last regular trade. (Positive)

UBS on Jubilant Foodworks: Upgraded to ‘Neutral’ from ‘Sell’; raised price target to Rs 1750 from Rs 950, implying a potential upside of 13 percent from the last regular trade. (Positive)

Macquarie on KEC International: Maintained ‘Outperform’ with a price target of Rs 443, implying a potential upside of 43 percent from the last regular trade. (Positive)

JPMorgan on Hindalco: Maintained ‘Overweight’; raised price target to Rs 370 from Rs 355, implying a potential upside of 60.5 percent from the last regular trade. (Positive)

Macquarie on Dish TV: Maintained ‘Outperform’ with a price target of Rs 94, implying a potential upside of 31 percent from the last regular trade (Positive)

JPMorgan on Westlife Development: Improving consumer sentiment, menu innovations, value platforms and McCafe/McDelivery to help deliver double digit SSSG in the current financial year. (Positive)

CS on steel sector: Global steel output growth stayed strong in July mainly due to China, top picks Tata steel and JSW Steel (Positive)

CLSA on Marico: Maintained ‘Buy’ with a price target of Rs 435, implying a potential upside of 15 percent from the last regular trade. (Positive)

SBICAP on Jet Airways: Maintained ‘Hold’ with a price target of Rs 335, implying a potential upside of 19 percent from the last regular trade. (Neutral)

BofAML on Marico:  Downgraded to ‘Neutral’ from ‘Buy’; cut price target to Rs 410 from Rs 420, implying a potential upside of 9 percent from the last regular trade. (Neutral)