🔹 *Stocks to watch for*


BPCL (Q1, QoQ): Revenue up 9.9 percent at Rs 71697 crore. Net profit down 14.2 percent at Rs 2293 crore. (Positive)

National aluminum: PAT At Rs 687 Cr vs Rs 128 Cr YoY. Revenue From Ops At Rs 3035 Cr vs Rs 1997 Cr (Positive)

Siemens (Q3, YoY): Revenue up 15.9 percent at Rs 3073 crore. Net profit up 25.5 percent at Rs 204.4 crore. (Positive)

Phoenix Mills (Q1, YoY): Revenue up 4.4 percent at Rs 413.2 crore. Net profit up 40.1 percent at Rs 59.7 crore. (Positive)

Cipla: Uganda unit plans IPO on local exchange by end-September (Positive)

PNB in talks with Income Tax, Excise departments to sell erstwhile headquarters, reports PTI. (Positive)

The RBI declares a dividend of Rs 50,000 cr to the government for the year 2017-18. (Positive)

Apollo Pipes board proposes issuance of 9.5 lakh shares to promoters. (Positive)

Vindhya Telelinks Ltd.: Aequitas Investment Consultancy Pvt Ltd bought 1.59 lakh shares (1.3 percent) at Rs 1333.28 each. (Positive)

Sunteck Realty: DSP Blackrock MF bought 9.50 lakh shares (0.6 percent) at Rs 415.5 each. (Positive)

Selan Exploration: Dolly Khanna bought 1.04 lakh shares (0.6 percent) at Rs 244.03 each. (Positive)

HPCL Q1: PAT At Rs 1,719 Cr vs Rs 925 Cr YoY. Revenue From Ops At Rs 72,923 Cr vs Rs 59,891 Cr, Up 22 YoY. GRM At $7.15/Bbl vs $5.86/Bbl YoY (Neutral)

Trent (Q1, YoY): Revenue up 19.5 percent at Rs 590.6 crore. Net profit up 0.5 percent at Rs 38.4 crore. (Neutral)

Indian Bank (Q1, YoY): Net Interest Income up 23.8 percent at Rs 1807 crore. Net profit down 43.8 percent at Rs 209.3 crore. (Neutral)

Sadbhav Infrastructure Project (Q1, YoY): Revenue up 58.8 percent at Rs 797.6 crore. Net loss at Rs 65.6 crore versus net loss at Rs 116.1 crore. (Neutral)

Thermax (Q1, YoY): Revenue up 18.8 percent at Rs 1035.3 crore. Net profit up 20.7 percent at Rs 49 crore. (Neutral)

Rashtriya Chemicals: 1Q net income 229.9m rupees vs 205.5m year ago (Neutral)

Quick Heal Technologies (Q1, QoQ): Revenue at Rs 52.8 crore versus Rs 118.3 crore. Net profit at Rs 6.4 crore versus Rs 42.7 crore. (Negative)

Hindustan Construction: 1Q loss 197.2m rupees vs profit of 145.2m year ago (Negative)

Nomura on ACC: Upgraded to ‘Buy’ from ‘Neutral’; raised price target to Rs 1,900 from Rs 1,890. After correction, valuations are no longer demanding. (Positive)

Morgan Stanley on ICICI Bank: In two years ICICI stock could double (Positive)

IDFC Securities on Strides Shasun: Maintained ‘Outperform’ with a price target of Rs 613. Q1 positives: Higher U.S. and institutional business. (Positive)

UBS on SRF: Maintained ‘Buy’ with a price target of Rs 2,500. Riding on packaging film and guiding strong. (Positive)

SBICAP on BPCL: Maintained ‘Buy’ with a price target of Rs 526. June quarter’s net profit above estimates purely driven by higher than expected inventory gains. (Positive)

Nomura on BPCL: Maintained ‘Buy’ with a price target of Rs 555. Large inventory gains was a key reason for the beat. (Positive)

CLSA on Cipla: Maintained ‘Buy’; raised price target to Rs 760 from Rs 650. Operationally in-line, Net profit beat on higher other income. (Positive)

Morgan Stanley on Cipla: Maintained ‘Overweight’ with a price target of Rs 716. June quarter came in line; steady improvement under way. (Positive)

CLSA on Sobha: Maintained ‘Buy’ with a price target of Rs 764. June quarter results were steady amidst major accounting change. (Positive)

Nomura on HPCL: Maintained ‘Buy’ with a price target of Rs 415. Large inventory gains was a key reason for the beat. (Positive)

JPMorgan on HPCL: Maintained ‘Underweight’; cut price target to Rs 260 from Rs 295. Large inventory gains drove earnings beat. (Neutral)

Nomura on Ambuja: Upgraded to ‘Buy’ from ‘Neutral’; cut price target to Rs 295 from Rs 300. Post-correction valuations attractive. (Neutral)

Deutsche Bank on Siemens India: Maintained ‘Hold’; cut price target to Rs 1,070 from Rs 1,150. Reported a solid net profit growth, but flat on order inflows. (Neutral)

Credit Suisse on Lupin: Downgraded to ‘Underperform’ fr