Capitalstars financial research Pvt. Ltd.: October 2015

Friday, October 30, 2015

TOP CORPORATE NEWS-30 Oct 2015

Sun TV Board to consider proposal to buy-back shares

Sun TV Network: Company has informed BSE that a meeting of the Board of Directors of the Company will be held on November 05, 2015, inter alia, to consider and if thought fit to approve a proposal to Buy-back the fully paid-up Equity Shares of the Company. Positive read-thru.

HCL Tech acquires CRM Services Provider Power Objects

HCL Technologies announced today that it has acquired Minneapolis-based Power Objects - a leading North American provider of Microsoft Dynamics CRM. This will bolster HCL’s global applications business, which offers transformational programs and complex application management for a myriad of clients’ technology landscapes.

ITC sees yet another quarter of muted performance

ITC’s Q2FY2016 revenues stood flat at Rs8904.2crore. The revenues of core cigarette business grew by just 1% (expect volume decline to be in the range of 13-14%). The non-cigarette FMCG business grew by just 7%, while Agri business revenues declined by 10% during the quarter. The hotel business revenues grew by 11% during the quarter.The cigarette business PBIT margins were maintained at 68%, while the agri business margins PBIT margins improved by 200BPS to 16%.

Cipla strengthens its focus on biotech

Cipla announces that it has entered into a definitive agreement to sell its entire 25% stake in Biomab Holding Limited, Hong Kong (“BHL”) to Biomab Brilliant Limited, British Virgin Islands which holds the remaining 75% stake in BHL, for a total consideration of ~ Rs 165-167 crore. Biomab Holding Limited is focused on developing Bio similars for the Chinese market. Going forward, the Company’s biological business will be consolidated under Cipla BioTec. It is long term positive news for the stock.

ICICI Bank Q2 net profit meets estimates

ICICI Bank Q2FY16 results – Healthy earnings growth, marginal increase in NPAs, plans to sell 9% stake in ICICI Lombard .ICICI Bank reported steady set of numbers for Q2FY16 as net profits increased by 12% YoY, led by almost similar growth in the net interest income (up 12.8% YoY). Overall loan book grew by 13.3% YoY whereas margins remained stable (3.52% Vs 3.54% in Q1FY16) which supported growth in NII.

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Thursday, October 29, 2015

DAILY COMMODITY MARKET STRATEGY-30 Oct 2015

BULLION

Silver December future is up 0.2 percent in early morning deals at $ 15.590.Gold December and Platinum January 2016 series are flat at $ 1,146.40 and $ 994.60, respectively.

ENERGY

Crude Oil December expiry has declined 0.5 percent at $ 45.84.Brent Oil December future has gained 0.3 percent at $ 48.72.Natural Gas December contract is quoted at $ 2.253 - down 0.2 percent.

BASE METAL

Copper December delivery has advanced 0.4 percent at $ 2.327.

INDIAN EQUITY MARKET OUTLOOK-30 Oct 2015

INDIAN BENCHMARKS likely to open on a negative note in the early trade as global cues displayed unsupportive cues. SGX Nifty is trading 14 points lower.

Headlines for the day:

Yes Bank Q2FY16 asset quality shows marginal blip

Supreme Industries Q1FY2016 revenue growth disappoints

Bharat Forge Q2FY16: Revenue and margin miss estimates

TODAY’S RESULTS : ITC, ICICI BANK, KOTAK BANK L&T ,TITAN , IPCA LABS , APOLLOTYRE

Trend in FII flows: The FIIs were net buyers of Rs 174.12 Cr in the cash segment on Thursday while the DIIs were net sellers of Rs -299.2 Cr, as per the provisional figures released by the NSE.

TOP CORPORATE NEWS-29 Oct 2015

Reliance Brands looks for alliances in beauty segment

Reliance Brands, a unit of Reliance Industries, is looking for alliances in the beauty and children’s wear segments with international brands as it tries to enter these segments. – Positive for RIL

Coal India, GAIL, RCF and FCL enter into a JV

Coal India, GAIL, RCF and Fertilizer Corporation of India Limited ( FCL) have entered into a Joint Venture Agreement on October 27, 2015 for incorporation of a Company namely 'RASHTRIYA COAL GAS FERTILIZERS LIMITED', to establish and operate new coal gasification based Fertilizer Complex (Ammonia Urea Complex) at Talcher along with power plant and associated facilities at Talcher unit of FCIL and to market its products.

Sun Pharma recalls over 10 lakh boxes of allergy drug in US

Sun Pharma is recalling over ten lakh boxes of its anti-allergic Loratadine drug from the US market as the lot was found to be 'super potent' and 'out of specification'. Loratadine is an antihistamine and is used to treat the symptoms of allergies, such as sneezing, watery eyes, and runny nose. Sentimentally negative.

Hero MotoCorp launches new scooter Duet in southern markets

Hero MotoCorp has launched its first metal bodied scooter Duet in the southern markets. The Duet has been priced at Rs48,000 for the LX version and Rs49,900 for the VX version (ex-showroom Bangalore).

The Duet has been built on a new chasis and engine platform. The vehicle has features such as external fuel filling, telescopic front suspension and charging point. The Duet will compete against the Honda Activa and the TVS Jupiter.

Novartis drops on USFDA warning letter for two plants

Sandoz, the generic drug arm of Swiss drug major Novartis, has received a warning letter from the US health regulator for violations of current good manufacturing practice (cGMP) norms at its two plants; namely Kalwe and Turbhe. At Turbhe, Sandoz mainly produces active pharmaceutical ingredients. In Kalwe oral solid dosages or tablets are produced. Negative news for the company.

Wednesday, October 28, 2015

INDIAN EQUITY MARKET OUTLOOK-29 Oct 2015

INDIAN BENCHMARKS likely to open on a negative note in the early trade as global cues displayed unsupportive cues. SGX Nifty is trading 11 points lower.

Headlines for the day:

Dabur India Q2FY2016 sees improvement in margins

Exide Industries Q2FY16 PAT beats estimates

Syndicate Bank Q2 net profit at Rs332.37 crore

TODAY’S RESULTS : DABUR, AMBUJACEM, JUST DIAL , AMARJA BATTERY , SUN TV , JSW ENERGY , EXIDE INDUSTRIES

Trend in FII flows: The FIIs were net sellers of Rs -731.17 Cr in the cash segment on Wednesday while the DIIs were net buyers of Rs 160.17 Cr, as per the provisional figures released by the NSE.

Monday, October 26, 2015

DAILY COMMODITY MARKET STRATEGY-27 Oct 2015

BULLION

Silver December future has declined 0.5 percent at $ 1,164.10.Gold December and Platinum January 2016 series are down 0.2 percent each at $ 15.830 and $ 995.65, respectively.

ENERGY

Crude Oil December delivery has slipped more than a percent at $ 43.50.Brent Oil December and Natural Gas December futures have shed 0.5 percent each at $ 47.20 and $ 2.363, respectively.

BASE METAL

Copper December contract has gained 0.3 percent at $ 2.360.

INDIAN EQUITY MARKET OUTLOOK-27 Oct 2015

INDIAN BENCHMARKS likely to open on a negative note in the early trade as global cues displayed unsupportive cues. SGX Nifty is trading 26 points lower.

Headlines for the day:

UPL Q2 consolidated net profit up 12% (YoY)

HDFC Q2 profit beats estimate

Bharti Airtel dips as higher fixed charges impact Q2 results

TODAY’S RESULTS : HDFC , TVS MOTORS , MARUTI SUZUKI , AXIS BANK , LUPIN, DISH TV , TATACOMM, PIDILITE INDUSTRIES

Trend in FII flows: The FIIs were net buyers of Rs 724.51 Cr in the cash segment on Monday while the DIIs were net sellers of Rs -530.78 Cr, as per the provisional figures released by the NSE.

Thursday, October 22, 2015

DAILY COMMODITY MARKET STRATEGY-23 Oct 2015

BULLION

Gold and Silver December futures have added 0.2 percent in early trade each at $ 1,168.70 and $ 15.870, respectively.Platinum January 2016 future has gained 0.3 percent at $ 1,015.20.

ENERGY

Crude Oil December future has advanced 0.5 percent at $ 45.59.Brent Oil December future is quoted at $ 48.36 - down 0.2 percent.Natural Gas November future has shed around a percent at $ 2.359.

BASE METAL

Copper December future is trading on a flat at $ 2.380.

INDIAN EQUITY MARKET OUTLOOK-23 Oct 2015

INDIAN BENCHMARKS likely to open on a positive note in the early trade as global cues displayed supportive cues. SGX Nifty is trading 80 points higher.

Headlines for the day:

PVR makes a grand debut in Kolhapur.

Power Grid wins Rs7000-cr transmission project.

Balasore Alloys plans new ferro chrome facility at Kalinganagar.

Trend in FII flows: The FIIs were net sellers of Rs -48.33 Cr in the cash segment on Wednesday while the DIIs were net sellers of Rs - 138.73 Cr, as per the provisional figures released by the NSE.

Wednesday, October 21, 2015

PERFORMANCE OF THE DAY-21 Oct 2015

STOCK FUTURES:

FUTURES INTRADAY:

BAJAJ FINANCE FUTURES BUY CALL 2 TGT

MCLEOD RUSSSEL FUTURES BUY CALL SL HIT

RELIANCE FUTURES ON HOLD

BHARTI AIRTEL FUTURES ON HOLD

NIFTY FUTURES:

BANK NIFTY FUTURES SELL CALL 3 TGT

OPTION:

NIFTY 8300 PUT BUY CALL 1 TGT

REC 260 CALL BUY CALL 1ST TGT

STOCK CASH

STOCK CASH INTRADAY:

BAJAJ AUTO BUY CALL 1 TGT

IDEA BUY CALL AND HOLD FOR TOMORROW

CSEC LTD BUY CALL SL HIT

TOP CORPORATE NEWS-21 Oct 2015

Bajaj Auto Q2 topline; profit beats estimate

Bajaj Auto has announced the following Q2 results for the quarter ended September 30, 2015 (YoY). The Company has posted a net profit of Rs933.06 crore Vs Rs590.90 crore.

Total Income has increased to Rs6250.42 crore Vs Rs6076.70 crore.

Bharti Airtel completes tower asset sale in 8 countries

Bharti Airtel raises $1.7 billion (~ Rs10,800 crore) via selling its African tower assets in seven countries. Over the last 12 months the company has been looking to divest its African tower assets and pare down its debt. It has been successful in reaching agreement in 7 countries; while for 4 countries the agreement has lapsed; and talks are on for rest 2 countries. This is in line with the company’s strategy of monetizing the tower assets and making Africa business a self sustainable business.

Torrent Pharma gets nod for generic version of Nexium

Torrent Pharma gets approval for generic version of Nexium. It’s sentimentally positive for the company as it’s a 3-4 player market currently so the profitability of the product is expected to be better.

At 11.26 am, Torrent Pharma is trading at 1591.25, up by 4.03%.

Yes Bank cuts interest rate on savings account

Yes Bank has reduced the maximum interest rate it offers on savings bank accounts by 100 basis points (bps) for resident and non-resident customers. The bank will now offer an annual interest rate of 6% on resident and non-resident savings bank accounts with a balance of over Rs1 lakh as compared with the 7% rate it offered earlier. This will reduce the interest outgo for the bank and hence margin accretive.

RBI bans FII purchases in Shriram Transport Finance

Foreign investors have been restricted by the Reserve Bank of India ( RBI) to buy further shares in Shriram Transport Finance Company as their holding has gone beyond the permitted limit.

The foreign shareholding through foreign institutional investors ( FIIs) / registered foreign portfolios investors (RFPIs) in Shriram Transport Finance has crossed threshold ban limit of its paid-up capital.

Tuesday, October 20, 2015

DAILY COMMODITY MARKET STRATEGY-21 Oct 2015

BULLION

Silver December future has declined over 0.5 percent in early trade at $ 15.820.Gold December and Platinum January 2016 series aree trading on a soft note at $ 1,177.20 and $ 1,022.20, respectively.

ENERGY

Crude Oil December delivery has shed 0.5 percent at $ 46.05.Natural Gas November contract is quoted at $ 2.486 - down 0.4 percent.Brent Oil December expiry is marginally down at $ 48.61.

BASE METAL

Copper December delivery has moved down 0.4 percent at $ 2.355.

INDIAN EQUITY MARKET OUTLOOK-21 Oct 2105

INDIAN BENCHMARKS likely to open lower in the early trade as global cues displayed mixed cues. SGX Nifty is trading 1.50 points lower.

Headlines for the day:

Maruti's royalty payment to Suzuki rises 6.6 times in 15 years

Airtel to use $1.7 bn of tower sale proceeds to retire debt

Tata Steel UK may cut 1,200 jobs

Impairment for KG-D6 block likely for RIL

Trend in FII flows: The FIIs were net buyers of Rs 523.69 Cr in the cash segment on Tuesday while the DIIs were net sellers of Rs -354.96 Cr, as per the provisional figures released by the NSE.

Monday, October 19, 2015

DAILY COMMODITY MARKET STRATEGY-20 Oct 2015

BULLION

Gold December future has declined 0.4 percent in early trade at $ 1,168.60.Silver December and Platinum January 2016 series have moved down 0.3 percent each at $ 15.805 and $ 1,011.05, respectively.

ENERGY

Crude Oil December and Natural Gas futures have added 0.2 percent each at $ 46.38 and $ 2.450, respectively.Brent Oil December contract is quoted at $ 48.72 - down 0.2 percent.

BASE METAL

Copper December delivery is down 0.4 per cent at $ 2.354.

INDIAN EQUITY MARKET OUTLOOK-20 Oct 2015

INDIAN BENCHMARKS are likely to start the session on a negative note as the global cues look unsupportive with SGX Nifty trading 5 points lower.

Headlines for the day:

HCL Tech Q1 net profit at Rs14045 cr (YoY)

Petronet LNG Q2 net profit down 5% (YoY)

Ultratech Q2 nos: Improvement in operating performance; earnings subdued

Trend in FII flows: The FIIs were net buyers of Rs 898.23 Cr in the cash segment on Monday while the DIIs were net sellers of Rs - 246.26 Cr, as per the provisional figures released by the NSE.

TOP CORPORATE NEWS-19 Oct 2015

Mahindra launches two products on the Supro platform

Mahindra & Mahindra (M&M) has launched two new products on the new Supro platform. The Supro Van is an 8-seater diesel vehicle with capacity to seat 8 passengers and targeted at the large family and rural segment. The Supro maxitruck is a load carrier with a payload capacity of 1-tonne suitable for intra city transport solution.

Essar Oil commences vadinar refinery operations

Essar Oil has commenced operations at its refinery at Vadinar in Gujarat on October 17, 2015. This step has been taken as the planned shutdown related activities have been successfully completed by the company. The company had earlier informed about the planned shutdown at its Vadinar refinery for a period of 30 days from September 18, 2015 to October 17, 2015.

JK Lakshmi Cement gets green nod for Bihar project

OMC’s JK Lakshmi Cement has got green nod for setting up of a clinker grinding unit with a capacity of 1.5 million tonnes per annum along with 10 MW DG set and autoclaved aerated concrete block in Kishanganj district in Bihar, entailing an investment of Rs300 crore.The company has installed cement making capacity of over 9 million tonnes per annum across the country.

NBCC bags project in Telangana

NBCC has bagged a Rs126.33-crore project in Telangana for carrying out civil works at different colleges of Acharya NG Ranga Agricultural University (ANGRAU) in the state. The company had secured a total business of Rs276.96 crore from various clients last month.

Infosys to acquire Noah Consulting for US$70 mn

Infosys has approved to acquire 100% stake in Noah Consulting LLC, head quartered in Houston, Texas ( USA), a leading provider advanced information management consulting services for the oil and gas industry. The Company further informed that none of the promoter or promoter group or group companies have any interest in Noah Consulting LLC and this acquisition does not fall under the related party transaction.

Sunday, October 18, 2015

DAILY COMMODITY MARKET STRATEGY-19 Oct 2015

BULLION

Silver December future has dropped 1.4 percent at $ 15.885.Gold December contract has shed almost a percent at $ 1,172.Platinum January 2016 delivery is quoted at $ 1,013.05 - down 0.3 percent.

ENERGY

Crude Oil and Brent Oil December series have declined 0.3 percent at $ 47.60 and $ 50.32, respectively.Natural Gas November contract has jumped 1.3 percent at $ 2.458.

BASE METAL

Copper December expiry has dropped 0.5 percent at $ 2.391.

INDIAN EQUITY MARKET OUTLOOK-19 Oct 2015

INDIAN BENCHMARKS are likely to start the session on a positive note as the global cues look supportive with SGX Nifty trading 15 points higher.

Headlines for the day:

Sep WPI In-line with Estimates

Positive surprise on industrial output data

Infosys drops post Q2 nos as guidance downgrade hurts sentiments

TCS consolidated net profit at Rs6085 cr; revenue misses expectations

RIL Q2 profits beat estimates; GRM at $10.6/bbl

Trend in FII flows: The FIIs were net buyers of Rs 436.79 Cr in the cash segment on Friday while the DIIs were net sellers of Rs -102.49 Cr, as per the provisional figures released by the NSE.

Friday, October 16, 2015

DAILY COMMODITY MARKET STRATEGY-16 Oct 2015

BULLION

Gold December future has shed around a percent in early morning deals at $ 1,179.Silver December contract has declined 0.5 per cent at $ 16.080.Platinum January 2016 delivery is quoted at $ 1,005.25, down 0.2 percent.

In the past five trading session, the commodity gained 3 percent (Rs 811) at Rs 27,257 from Rs 26,446.MCX Gold December futures are down 0.4 percent (Rs 113) at Rs 27,144.

ENERGY

Crude Oil November expiry has spurted almost a percent at $ 46.81.Brent Oil December delivery has moved down 0.4 percent at $ 50.05.Natural Gas November contract has gained 0.4 percent at $ 2.463.

BASE METAL

Copper December expiry has dropped nearly a per cent at $ 2.414.