TOP CORPORATE NEWS-05 NOVEMBER 2015

1. Jubilant Foodworks Q2 net profit at Rs23.88 crore

Jubilant Foodworks Ltd announced the following unaudited Standalone results for the quarter ended September 30, 2015:

Net profit at Rs23.88 crore vs Rs29 crore (YoY)

Total Income at Rs589.15 crore vs Rs503.30 crore (YoY)

2. Cummins India Q2 net profit at Rs198.62 crore

Cummins India Ltd announced the following unaudited Standalone results for the quarter ended September 30, 2015:

Net profit at Rs198.62 crore vs Rs202.40 crore (YoY)

Total Income at Rs1257.69 crore vs Rs1216.70 crore (YoY)

3. Dr Reddy's to market Biocodex products in Romania

Dr Reddy's to market Biocodex products in Romania - Sentimentally positive

4. Gujarat approves proposal of Indian Oil’s Gujarat Refinery

The Gujarat government has approved a proposal of Indian Oil’s Gujarat Refinery seeking acquisition of required 75 acres of land for its expansion projects. It will expand its current 13.7 MMTPA capacity to 18 MMPTA. The proposal was long pending with the government. – Positive for IOCL

5. Lenders ask Essar Group to repay its loan

Lenders including ICICI Bank, Axis Bank and Standard Chartered have asked the Essar Group to repay its loan, failing which the lenders would consider selling down these loans.- Sentimentally negative for Essar Group companies Essar Oil, Essar Steel

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INDIAN EQUITY MARKET OUTLOOK-05 NOVEMBER 2015

INDIAN BENCHMARKS are likely to start the session on a subdued note as the global cues look mixed with SGX Nifty trading 19 points lower.                                                           

                                                                          

Headlines for the day:

• Dr Reddy's to market Biocodex products in Romania 

• Ratnamani Metals Q2FY2016 earnings decline 34% YoY 

• Bata reports weak results with operating profit decline of 22.9% yoy

TODAY’S RESULTS : ARVIND, CIPLA, JUBLFOOD, TATASTEEL, TATAGLOBAL, CASTROLIND, CUMMINS

                                                                                                                                                                                                              

Trend in FII flows:   The FIIs were net  sellers of  Rs 33.16 Cr in the cash segment on  Wednesday while the DIIs were net buyers of  Rs -74.90 Cr, as per the provisional figures released by the NSE.

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CS ROCKING PERFORMANCE OF THE DAY-04 NOVEMBER 2015

STOCK FUTURES:

FUTURES INTRADAY:

SIEMENS  FUTURES SELL  CALL 3 TGT

REC LTD  FUTURES BUY CALL 3 TGT

AJANTA PHARMA  FUTURES  BUY CALL SL TRIGERRED

                 

NIFTY FUTURES:

BANK NIFTY FUTURES SELL CALL 2 TG 

OPTION:

APOLLOTYRE 165 PUT BUY CALL 2 TG ( BOOKED AT 7.7) 

RELIANCE INFRA 400 CALL BUY CALL 1 TG 

OPTION PREMIUM:

IOC 420 CALL BUY CALL HOLD FOR TOMORROW 

ACC 1440  CALL YESTERDAY BUY CALL 1 TG 

                                                                                                     

STOCK CASH

STOCK CASH INTRADAY:

HEXAWARE BUY CALL  2 TG 

BPCL  BUY CALL  1 TG 

DLF   BUY CALL 1 TG  ( BOOKED AT 125.30)

BAJAJ AUTO BUY CALL  COST EXIT 2562.90-2568.95

STOCK CASH  PREMIUM:

RELIANCE INFRA  BUY CALL 1 TG ( BOOKED AT 404.40)

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INDIAN EQUITY MARKET WRAP UP-04 NOVEMBER 2015

INDIAN BENCHMARKS: NIFTY ENDS BELOW 8050

Amidst pressure, the Sensex ended down 37.67 points at 26552.92. The Nifty slipped 20.50 points at 8040.20. About 1255 shares advanced, 1469 shares declined, and 134 shares were unchanged. Tata Motors, M&M, Bajaj Auto, Coal India and Hero MotoCorp were top gainers in the Sensex. ICICI Bank, Reliance, Sun Pharma, GAIL and Lupin were losers.

Headlines of the day:

RBI allows FII limit to 30% in Petronet LNG

Marico Q2 consolidated results see tepid revenue growth

Nestle to start sale of Maggie from November 2015

RESULT’S ON 5 NOV 2015: ARVIND, CIPLA, JUBLFOOD, TATASTEEL, TATAGLOBAL, CASTROLIND, CUMMINS

The crucial resistance for Nifty is now seen at 8116 and above this 8147. Support for the immediate term is now placed at 7995 and next support will be 7930.

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TOP CORPORATE NEWS-04 NOVEMBER 2015

• RBI allows FII limit to 30% in Petronet LNG

Petronet LNG - RBI allowed FII limit to 30% of paid up capital of Petronet LNG

• IDBI Bank Q2FY16 posts weak performance

IDBI Bank has reported flattish growth in profits (up 1.2% YoY to Rs119.5 crore) due to a 30% YoY rise in provisions. The net interest income growth was relatively better as it grew by 14.6% YoY supported by YoY increase in margins.

• Marico Q2 consolidated results see tepid revenue growth

Marico Q2FY2016 consolidated results – tepid revenue growth; margin          expansion boosted PAT growth (company announced bonus issue of 1:1)

Marico’s consolidate revenues grew by 4% to Rs1485.4crore entirely driven by 4% volume growth.

• Oberoi Realty sells 68% of Oberoi Sky city in Borivali

Oberoi Realty has managed to sell 68% of Oberoi Sky city in Borivali within two days of launch as per media reports Inventory worth Rs1,350 crore was sold for a booking amount of Rs120 crore.

The company sold 543 apartments of the 800 units on offer at a price starting at Rs2.5 crore. The development is positive for Oberoi Realty.

• Nestle to start sale of Maggie from November 2015

Nestle India will start sale of Maggie noodles from November 2015 as it received clearance from all the labs for fresh samples manufactured in the units of Goa and Karnataka manufacturing units – positive read through for the stock

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INDIAN EQUITY MARKET OUTLOOK-04 NOVEMBER 2015

INDIAN BENCHMARKS started the session on a positive note as the global cues look supportive with SGX Nifty trading 57 points higher.

                                                           

Events for the day:

Nikkei India Service PMI Composite

Headlines for the day:

JLR October 2015 US Retail volumes up an impressive 76.1% YoY

Brigade Enterprises net profit rise 87.5% YoY in Q2FY2016

Corporation Bank to write off Rs 532-cr loan to REI Agro

TODAY’S RESULTS : RELINFRA, ASHOKLEY, BATAINDIA, CANARA BANK, ENGINERSIND, JKLAXMI CEMENT, MARICO

                                                                                                                                                                                                               

Trend in FII flows:   The FIIs were net  sellers of  Rs -449.85 Cr in the cash segment on  Tuesday while the DIIs were net buyers of  Rs 350.32 Cr, as per the provisional figures released by the NSE.

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CS ROCKING PERFORMANCE OF THE DAY-03 NOVEMBER 2015

STOCK FUTURES:

FUTURES INTRADAY:

DRREDDY FUTURES   BUY  CALL 1 TGT

UTRATECHMO FUTURES BUY CALL 2 TGT

AMARAJBAT FUTURES  SELL CALL  BOOKED AT 890.50

                

NIFTY FUTURES:

NIFTY FUTURES SELL CALL 2 TG 

OPTION:

RELIANCE CAPITAL 430 CALL BUY CALL 1 TGT

ACC  1440 CALL BUY CALL HOLD 

ULTRATECHMO 3000 CALL BUY CALL 1 TGT

OPTION PREMIUM:

ACC 1440  CALL BUY CALL HOLD FOR TOMORROW 

STOCK CASH

STOCK CASH INTRADAY:

NILKAMAL BUY CALL  3 TG 

CEAT LTD BUY CALL BOOKED AT1128

DISHMAN  BUY CALL BOOKED AT 406.80

GEOMETRIC  BUY CALL  SL TRIGERRED

STOCK CASH  PREMIUM:

DRREDDY  BUY CALL COST EXIT 

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INDIAN EQUITY MARKET WRAP UP-03 NOVEMBER 2015

INDIAN BENCHMARKS: SENSEX NIFTY ENDS FLAT

After a daylong choppy session that saw the equity benchmarks swing between red and green, the domestic market closed in the black on Tuesday, snapping its longest losing streak in over five months. 

Disappointing earnings of benchmark heavyweights like L&T and uncertainty over the outcome of Bihar election continued to weigh heavy on investors' mind even though gains seen in other Asian markets provided some comfort. 

Headlines of the day:

TVS Motors surges 6% as October sales jump 14% YoY 

IOC posts Q2 loss Rs 329 cr, April-Sep GRM at $5.76/bbl

RBI fixes gold bonds issue price at Rs 2,684 per gram

RESULT’S ON 4 NOV 2015: RELINFRA, ASHOKLEY, BATAINDIA, CANARA BANK, ENGINERSIND, JKLAXMI CEMENT, MARICO

The crucial resistance for Nifty is now seen at 8146 and above this 8205. Support for the immediate term is now placed at 8020 and next support will be 7950.

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TOP CORPORATE NEWS-03 NOVEMBER 2015

• TVS Motor surges as October 2015 volumes beat estimates

Shares of TVS Motor surged over 5% to Rs288.50 on NSE after October 2015 dispatch volumes rose 13.9% YoY to an all time high of 274,622 units; volumes beat estimates

TVS Motor reported a 13.8% YoY growth in two wheeler volumes for October 2015 to 264,112 units.

The motorcycle segment volumes grew by 17% YoY to 106,175 units.

The scooter volumes rose by 29.6% YoY to 91,430 units.

Moped volumes were down 5.9% YoY to 66,507 units.

• Lupin gets USFDA nod for gAricept

Lupin Limited (Lupin) has received final approval for its Donepezil Hydrochloride Tablets, 23 mg  from the United States Food and Drug Administration (FDA) to market a generic version of Eisai Inc.'s Aricept Tablets, 23mg.

• Adani Power Q2 consolidated net loss at Rs369 cr

Adani Power Ltd has announced the following results for the quarter ended September 30, 2015:

Unaudited Standalone results for the Quarter ended September 30, 2015

The Company has posted a net loss of Rs184.44 crore Vs net loss of Rs431.49 crore

Total Income is at Rs3078.37 crore Vs Rs2510.83 crore

• ABB India Q3 net profit up 31%    

ABB India Ltd has announced the following Q3 results for the quarter ended September 30, 2015 

The Un-Audited Standalone results for the Quarter ended September 30, 2015:

The Company has posted a net profit of Rs58.74 crore Vs Rs44.98 crore (YoY).

Total Income has increased to Rs1969.49 crore Vs Rs1846.02 crore (YoY).

• RBI fixes gold bonds issue price at Rs 2,684 per gram

Reserve Bank has fixed the public issue price at Rs 2,684 per gram for the sovereign gold bonds, for which applications will be accepted from November 5 to 20. 

• IOC posts Q2 loss Rs 329 cr, April-Sep GRM at $5.76/bbl

State-run oil marketing company Indian Oil Corporation (IOC) has posted a loss of Rs 329 crore during July-September quarter compared to profit of Rs 6,435.7 crore in preceding quarter. Revenue declined 15.7 percent to Rs 85,384.8 crore during the quarter compared to Rs 1, 01,306.8 crore in year-ago period.

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INDIAN EQUITY MARKET OUTLOOK-03 NOVEMBER 2015

INDIAN BENCHMARKS are likely to start the session on a positive note as the global cues look supportive with SGX Nifty trading 38 points higher.

                                                           

Events for the day:

Nikkei India Service PMI Composite

Headlines for the day:

Tata Motors ropes in Lionel Messi as global brand ambassador 

Adani Enterprise Ltd posts Rs299 crore Q2 net profit 

Essel Propack's Q2 net up 54%

TODAY’S RESULTS : ABBINDIA, DLF, FINANCIAL TECH, GAIL, HEXAWARE TECH,POWER GRID,PTC INDIA, RELIANCE POWER

                                                                                                                                                                                                               

Trend in FII flows:   The FIIs were net  sellers of  Rs -272.67 Cr in the cash segment on  Monday while the DIIs were net buyers of  Rs 145.38 Cr, as per the provisional figures released by the NSE.

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CS ROCKING PERFORMANCE OF THE DAY-02 NOVEMBER 2015

STOCK FUTURES:

FUTURES INTRADAY:

DRREDDY FUTURES   BUY  CALL 3 TGT

ARVIND  FUTURES SELL CALL 1 TGT

MRF   FUTURES  SELL CALL  1 TG

                                                                                                                                                                                                                 

NIFTY FUTURES:

BANK NIFTY FUTURES SELL CALL SL TRIGERRED

OPTION:

RELIANCE INFRA 400 CALL BUY CALL 2 TGT

TATASTEEL  240 PUT BUY CALL 2 TG

STOCK CASH

STOCK CASH INTRADAY:

OBC BUY CALL 3 TGT

DR REDDY  BUY CALL  2 TGT 

WHEELS BUY CALL  1TG 

SRTRANSFIN BUY CALL  SL TRIGERRED

STOCK CASH  PREMIUM:

GEOMETRIC  BUY CALL 1  TGT

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INDIAN EQUITY MARKET WRAP UP-02 NOVEMBER 2015

INDIAN BENCHMARKS: NIFTY ENDS AT 8050 SENSEX SLIPS 98 POINTS

The market has ended lower. The Sensex was down 97.68 points or 0.4 percent at 26559.15 and the Nifty slipped 15 points or 0.2 percent at 8050.80. About 1162 shares advanced, 1533 shares declined, and 122 shares were unchanged. 

            

Headlines for the day:

Jet Airways soars 8%  as Rakesh Jhunjhunwala buys stake-airways-soars-8-as-rakesh-jhunjhunwala-buys 1.05% stake woth Rs 50.52 crores.

OBC Q2 profit rises 3%; asset quality improves sequentially

Poor Q2 numbers drag IOB 15%, hits 52-week low

RESULT’S ON 3 NOV 2015:      DLF, GAIL, HEXAWARE, IOC, PFC, POWERGRID, TECHM, PTC, ADANIPOWER

The crucial resistance for Nifty is now seen at 8097 and above this 8146. Support for the immediate term is now placed at 8020 and next support will be 7950.

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TOP CORPORATE NEWS-02 NOVEMBER 2015

• Sun Pharma may discontinue some non-strategic businesses – Long Term Positive

Sun Pharma may decide to discontinue some non-strategic businesses as part of its integration process with Ranbaxy. The management indicated that the company expects to incur certain integration charges in order to generate long-term synergies from the merger (with Ranbaxy).

• Dr Reddy’s Ltd (DRL) launches Nise D Spray in India - Strengthens OTC portfolio – Positive

Nise D Spray offers quick and targeted pain killing. Through this product DRL expands its offerings in the pain management therapy area. In India, market for pain relief product is Rs1700 crore. Pain relief sprays are growing 20 times faster than creams and gels.

• IOC expresses interest in taking 5-10 per cent stake in Rosneft

Indian Oil Corp (IOC) has expressed interest in taking 5-10 per cent stake in the Rosneft-operated field. ONGC Videsh Ltd had agreed to buy 15 per cent stake in Russia's second biggest oil field of Vankor from Rosneft for $1.268 billion.

The OVL deal is yet to be closed, but IOC has expressed its interest in take in stake in Vankor field. Positive read thru for IOC

• Indian Bank Q2 net profit at Rs369 cr (YoY)

Indian Bank has announced the following Un-Audited Standalone results for the quarter ended September 30, 2015 : The Bank has posted a net profit of Rs369.32 crore Vs Rs314.33 crore (YoY)Total Income has increased to Rs4578.65 crore Vs Rs4340.33 crore (YoY)

• Maruti Oct 2015 volumes up 29.1% (YoY)

Maruti Suzuki reported an impressive 29.1% YoY growth in dispatches for the month of October at 134,209 units.

Domestic volumes grew by 24.7% YoY to 121,063 units aided by new launches. The entry level i.e. Mini segment (Alto, WagonR) volumes for the month were up 5.2% YoY to 37,595 units.

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