}

Wednesday, 26 October 2016

26 October 2016 - Views & News

 MARKET VIEW

Markets are likely to open on negative note back on weak global clues, Nifty is stuck in a narrow range of 8650 – 8750. It has multiple resistances in the zone 8700 – 8746. As there are no signs of a trend reversal, the bias remains negative for the short term.

Nifty Spot Levels

Support 8652 – 8595 – 8555
Resistance 8746 – 8806 - 8848

 Market Update:

Sgx Nifty -33 pts ‎Dow -53.76 pts ,Nsdq -26.43 , S&P -8.17 pts‎, Bovespa -193 pts  , Ftse +31 pts , Dax -3 pts  , Cac -11 pts , Nikkei  -56 pts  now, Crude @ $49.25 brl (-0.75), Brent @ $50.79 brl (-0.67) , Gold @ $1275.30 (+1.70), Silver @ $17.77 (-0.01), Euro @ $1.0886, JPY @ $104.1500, INR @ $66.8250

GLOBAL MARKET UPDATE

• US stocks slipped from two-week highs on Tuesday as results and forecasts from companies in sectors including housing and consumer products failed to live up to expectations.
• Poor results of Whirlpool and Sherwin William’s were an indication to some analysts that the housing sector may be cooling.
The Dow Jones industrial average fell 53.76 points, or 0.3 percent, to 18,169.27.
• Futures were also pressured after the bell by a late decline in oil prices after data showed a bigger-than-expected build in US crude inventories.


Today's Corporate Action 26th  Ex Date

BHAGIL Stock  Split From Rs.10/- to Rs.5/-
DHFL Interim Dividend - Rs. - 1.0000

Companies announcing their results today (Oct 26, 2016) and estimated time of announcement (based of past announcements)

Ajanta Pharma 12:43 to 15:00
Amarjothi Spin 11:21 to 12:30
Andhra Petro 14:32 to 15:46
Aruna Hotels 11:23 to 20:02
Arvind Infra 13:24 to 14:07
Ashirwad Steel 11:54 to 18:02
Asian Granito 12:56 to 17:49
AYM Syntex         14:43 to 19:24
Bervin Invest     10:53 to 15:09
Bharat Immuno 12:09 to 14:04
BLB        18.40 to 22.11
Bliss GVS 08.52 to 19.26
Cadila Health 11.24 to 18.23
Canara Bank 13.26 to 16.52
Coromandel 13:06 to  14:29
Cummin india 11:48 to 17:12
Dabur india 13:16 to 14:45
Dalmia bharat 08:11 to 20:16
Deepak nitrite 14:20 to 19:29
Dr agarwals eye  13:02 to 16:35
Emami paper 15:07 to 16:26
Excel Crop Care 13:56 to 18:11
Exide Ind 16:58 to 17:50
Forbes Gokak 15:30 to 19:18
Graviss Hosp 10:21 to 12:39
Hawkins Cooker 12.23 to 16.30
HDFC 13.52 to 17.15
Hero Motocorp 13.19 to 18.09
HICS Cements
Hinduja Venture 14.18 to 19.49
HUL 14.10 to 17.52
IIFL Holdings 13:51 to 17:50
Indian Hume 15:45 to 17:47
Indo Tech Trans 09:39 to 17:58
Indoco Remedies 11:36 to 13:12
Intl Paper APPM 11:28 to 18:20
Invest and Prec 11:28 to 18:20
ITC 15:11 to 19:42
JK Lakshmi Cem 16:23 to 17:27
JSW Energy 13:40 to 15:48
Jubilant Food 15:34 to 19:36
Just Dial 07:44 to 08:06
Kanani Ind 11:10  to 15:18
Kirloskar Bros 14:52 to 18:49
Lahoti Over 17:42 to 20:14
Lakshmi Machine 13:48 to 18:25
Laser Diamonds 14:48 to 19:10
Mah Scooters 12:28 to 14:15
Manugraph Ind 13:29 to 16:45
Mirch Tech 17:33 to 18:37
Modella Woollen 15:28 to 15:51
Motilal Oswal 15:28 to 20:00
Munjal Showa 12:00 to 14:54
Neelkanth Techn 15.07 to 18.29
OCL India 08.46 to 16.08
Oriental Hotels 13.48 to 18.23
PNB Gilts 08:39 to 16:18
Progressive Ext 13:56 to 17:24
R Systems Intl 08:13 to 13:02
Ramgopal Polyte 13:33 to 17:50
Raunaq EPC Int 08:33 to 15:39
Raymond 17:03 to 19:18
Religare Enterp 13:52 to 16:53
Sadhana Nitro 09:11 to 19:49
Sagar Cement 08:43 to 17:42
Shaba Chemicals 12:05 to 16:57
Shanthi Gears 13:54 to 19:13
Shilchar Techno 15:10 to 19:05
Shriram Asset 14:57 to 17:23
SKM Egg Product 14:44 to 16:19
Smartlink Net 08:43 to 16:47
Somany Ceramics 13:31 to 18:36
State Bk Travan 08:04 to 18:13
Super Sales 11:32 to 15:45
Swastik SafeDep 14:12 to 19:56
Syndicate Bank 14:05 to 16:30
Thomas Cook 08:31 to 14:51
Torrent Pharma 17:17 to 19:54
TRC Finance 14:56 to 17:36
Triveni Glass 14:16 to 15:43
Vatsa Corp 10:38 to 17:02
West Leisure 16:08 to 16:36

TOP NEWS

Alert: Bharti Airtel to sell significant stake in Bharti Infratel, positive for Bharti Airtel and if proposed stake sell more than 26% will trigger open offer for Bharti Infratel (positive)
Bharti Airtel will monetize significant stake in its tower ​unit Bharti Infratel, the company told stock exchanges post the Q2 earnings , without giving a timeline on when a transaction will be completed.
The company did not divulge how much stake it would put on the block for buyers. Bharti Airtel holds nearly 72% in unit Infratel.​The final outcome of this exercise will be placed before the Board for approval, before any final decision is taken.

PI Industries Q2FY2017 result First Cut: Strong performance across parameters, earnings grew by 78% YoY; Nos beat estimates on the operating front


Aurobindo Pharma, sets US FDA Approval For Ethinyl Estradiol Tablets, positive read-thru

STRONG RESULT

Delta Corp registered strong performance in Q2FY2017 with revenues growing by 44%yoy to Rs134.3crore and the operating profit growing by 82%yoy to Rs56.7crore (OPM stood at 42.2% in Q2FY2017 as against 33.4% in Q2FY2016). This along with lower interest cost led resulted in exceptional growth in PAT, which stood atRs32.2crore in Q2FY2017 as against Rs4.13crore in Q2FY2016.

PI Industries has posted a strong set of numbers for Q2FY2017 across parameters, top line up by 22% YoY while earnings grew by 78% YoY; (details in Investment Calls)

Asian Paints Q2FY17 consolidated results: Strong operating performance. Its has reported a strong operating performance for Q2FY2017. The consolidated revenues were up 10.2% YoY to Rs 4232.5 crore on the back of a low double digit volume growth, while there were no price hikes being taken by the company during the quarter.


WEAK RESULT

Welspun Corp: Q2FY17 result : Weak numbers,
For Q2FY17, consolidated revenues were down 43% yoy to Rs1206.8 crore, while OPM declined by 600bps yoy to 5.8%. Net income turned negative at Rs33.6 crore against a profit of Rs88.2 crore in FY16. Delay in large projects led to weak numbers for the quarter. Further, management expect decision on some high profile projects in the next few quarters, which could provide business visibility. However, management indicated at challenging business environment, due slowdown in oil and gas sector

OTHER NEWS

TCS: N. Chandrasekaran join Tata Sons Board
Tata Sons appointed N. Chandrasekaran, CEO and Managing Director of TCS and Ralf Speth, CEO of Jaguar Land Rover as additional directors on the Tata Sons Board. This takes the Board count to 11 members.

L&T Infotech to buy Pune-based analytics startup for about Rs 7 crore
L&T Infotech would buy Pune-based analytics startup Augment IQ to gain access to its big data platform that is currently used by credit bureaus, large banks as well as regulatory agencies. The company announced that the acquisition was made at an enterprise value of Rs 7 crore on a ‘nil cash nil debt’ basis. The startup had revenue of Rs 2.4 crore in FY16.

M&M restructures two wheeler business; to focus on premium niche segments
After struggling for eight long years in the two-wheeler business despite investing close to Rs 1,000 crore, Mahindra & Mahindra is finally re-aligning itself to focus on the premium niche segment. M&M has stated it will no longer invest in the domestic motorcycle mass segment and instead focus on the premium segment (M&M recently introduced Mojo motorcycle in the 300 cc sports category). Further with recent acquisition of 60% stake in Classic Legends, M&M is trying to position itself as a lifestyle two-wheeler company, with brands such as BSA and Jawa. M&M will revive BSA brand (a UK based premium motorcycle brand) with focus on US and Europe markets. Further, Jawa brand bikes will be manufactured at Mahindra Two Wheelers' Pitampur plant in Madhya Pradesh and will be initially marketed in Indonesia and Vietnam. With focus on premium niche segment, M&M investment in the two wheeler business would come down and the company can look at a faster turnaround of the business.

MORE NEWS

Govt set to ask RIL, Shell, ONGC to pay $1 bn
Cash availability to slow trickle down of RBI's rate cuts
Indian economy can reach USD 6-8 trillion mark in 15 years: Arvind Panagariya
Ralph Speth, N Chandrasekaran join Tata Sons
Recommendations on free data architecture soon: TRAI
Maharashtra, Karnataka cane farmers to demand Rs 3200/tonne as first installment
Govt allows 100% FDI in ‘other financial services’
Power gencos face penalty as coal demand hits a low
Consolidation, clearing telecom mess top agenda
FinMin looking at 1-2% cut in corporation tax in FY18 Budget
Singapore's CapitaLand sets up $1.5 billion private equity fund for China
Insolvency and Bankruptcy Law to be operational by Dec
HDFC Bank net profit at Rs 3,455 cr, up 20% in Q2
Brokers to raise concerns on penalty, compliance costs with sebi
No caveat filed in any court, clarifies Cyrus Mistry's Office
Apex court tells Mallya to disclose his foreign assets in a month
Determined to implement GST from April 1: Eco Affairs Secy
L&T Infotech to acquire analytics start-up AugmentIQ
IMD declares cyclone 'Kyant' in Bay of Bengal
Prudential Financial raises stake in DHFL Pramerica to 49%
Axis Bank's Q2 profit plunges 83% to Rs319 cr on bad loans
PNB Housing Finance’s IPO draws 20% bids on Day 1
BigBasket seeks govt’s approval for Rs100 crore FDI
Reliance Jio free offer impact on rivals likely by Q3: analysts
Airtel Q2 profit declines 4.9% as data tariffs cut amid competition
IDBI Bank Q2 profit halves to Rs56 cr as NPAs nearly double
Sensex ends 88 points down, Nifty settles below 8,700
Government has strategic control;no threat to tax data: GST Network Chairman
IMF urges African states to cut deficits as growth grinds lower
Idea Cellular slips over 3% on posting 88% decline in consolidated Q2 net profit
Salaried tax payers to get SMS alerts on TDS deductions
'Mistry's ouster may be good for Tata Steel's UK ops'
FIIs remain overweight on Indian markets: UBS
Focus on mkt leadership, investor returns: Tata to CEOs
MFs see Rs 16k cr inflow in Sep; Rs 2.34L cr in H1
CBDT to issue certificates to 10.15 lakh taxpayers
TPREL inks pact with SECI for 100mw AP solar project

STOCK IN NEWS

• State Bank of India (SBI) on Tuesday said it has raised Rs 2,500 crore from bonds to fund business expansion.
• Mahindra revamps its struggling 2-wheeler biz
• Power gencos face penalty as coal demand hits a low
• Arvind divests 10% in subsidiary to private equity firm for Rs 740 crore
• RIL signs $573 million loan facility for six ethane carriers
• Airtel launches 4G services on 10 MHz of 1800 MHz band spectrum in MP, Chhattisgarh
• L&T Infotech announces the acquisition of Pune-based start-up AugmentIQ

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