Monday, 24 July 2017

24 July 2017 - Views & News


Sgx Nifty  -3 pts
Dow -31.31 pts ,Nsdq -2.25 pts , S&P -0.91 pts‎, Bovespa -253 pts , Ftse -34 pts , Dax -207 pts , Cac -81 pts , Nikkei  -162 pts now , Crude @ $45.72 brl (-0.05), Brent @ $47.88 brl (-1.42) , Gold @ 1256.41 (+1.51), Silver @ $16.501 (+0.04), Euro @ $1.1681, JPY @ $110.9400, INR @ $64.471

Today's Corporate Action 24h July  Ex Date

CARERATING Dividend - Rs. - 10.0000
CENTENKA Dividend - Rs. - 7.0000
EIHOTEL Dividend - Rs. - 0.9000
ITHL Dividend - Rs. - 4.2500
KSL Dividend - Rs. - 5.0000
LUPIN$ Dividend - Rs. - 7.5000
NICCOPAR Final Dividend - Rs. - 0.1500
PAUSHAKLTD Dividend - Rs. - 3.0000
SANGHVIMOV Dividend - Rs. - 4.0000
TAJGVK Dividend - Rs. - 0.4000
TCS Interim Dividend - Rs. - 7.0000
THOMASCOOK Dividend - Rs. - 0.3750
TITAN Dividend - Rs. - 2.6000
VSTIND Final Dividend - Rs. - 75.0000

Today's Key Result 24th July

Ambuja Cem (368 Cr -8% Yoy Res-After Mkt) Bharti Infratel ( Cons 674 Cr -11% Yoy Res-After Mkt) Hdfc Bank (3909 Cr +21% Yoy Res During Mkt) Zee Ent ( Cons 326 Cr +50 % Yoy Res During Mkt) Ibull Fin ( Cons 782 Cr +24% Yoy ) Irb Infra  (197 Cr +18% Yoy) M&M Fin ( 120 Cr +38% Yoy ) Delta Corp,Excel Crop,Gic House,Gulf Oil,Hudco,IG Petro,IB Real Est,Info Edge, Jm Fin,Just Dial,L&T Info,Patel Eng,Swaraj Eng,Tata Com,Texmaco Infra,Zee Learn 


Hindustan Petroleum Corp (HPCL) is likely to acquire Oil and Natural Corp's (ONGC) stake in Mangalore Refinery and Petrochemicals (MRPL) and ONGC Petroleum Additions (OPaL) before closure of ONGC-HPCL deal as per the media reports - positive read through for MRPL and HPCL.

Lupin’s Goa facility received zero observation from the USFDA, an inspection which was related to a specific products (hence form 483 received earlier continues to stay) – Neutral read thru.

Bajaj Auto to revamp its product portfolio; targets 26% market share by end of FY2018; Positive read thru……(details in other news)


Bajaj Auto to revamp its product portfolio; targets 26% market share by end of FY2018; Positive read thru.
Bajaj Auto has planned to revamp 7 models in its portfolio in H2 FY2018 in bid to increase its markets share. The company has targeted to enhance its market share from 15% as of Q1FY18 to 26% by the end of FY2018. Bajaj Auto would launch new products under CT, Platina, Discover, V , Avenger, Pulsar, Dominar brands, by December 2017 which are likely to boost the sales volumes.

PSU Banks: As per media reports, the government is likely to infuse capital to only those public sector banks (PSBs) in FY18 which were capitalised in FY17. Last fiscal, the following banks SBI (Rs 7,575 crore), IoB (Rs 3,101 crore), PNB (Rs 2,816 crore), Bank of India (Rs 1,784 crore), Central Bank of India (Rs 1,729 crore), Syndicate Bank (Rs 1,034 crore), UCO Bank (Rs 1,033 crore), Canara Bank (Rs 997 crore), United Bank of India (Rs 810 crore), Union Bank of India (Rs 721 crore), Corporation Bank (Rs 677 crore), Dena Bank (Rs 594 crore) and Allahabad Bank (Rs 44 crore) received money from the Govt – Positive read thru for the abovementioned PSU banks

Ashok Leyland has managed to improve its market share in MHCV space to 32% from 25% over the last few years, despite difficult market conditions and increased competition. Ashok Leyland is well-prepared to face international competition as it has heavily invested in technology, quality and processes. Also, the innovative iEGR technology for BS-IV engines had been well accepted by customers and the company would focus on ramping up sales. Positive read thru

Coromandel international has received environmental clearance for its expansion project for raising production capacity of Phosphoric acid ( to be used to make phosphatic  fertilizers) from 700 tons per day to 1000 tons per day. The estimated project cost stands at Rs 225 crs and out of this the company plans to utilize Rs 26.42 Cr towards environment management projects. Positive read thru for the company. 

Fund RAISING: Bank of Baroda (Rs 3000 crores), Punjab National Bank (Rs 3000 crores) and Syndicate Bank (Rs 1000 crores) are raising capital through Tier-I bonds, which will bolster their Capital Adequacy Ratio (CAR) – Positive read thru

Reliance Industries (RIL) is likely to shut one of its two purified terephthalic acid (PTA) line in Dahej for a period of 15 days as per the media reports. The two PTA lines have a production capacity of 1.1mtpa – neutral for RIL.      

Reliance Industries (RIL) has paid price of $4.23/mmbtu in 1QFY2018 for purchase of coal bed methane (CBM) gas from its own CBM blocks at Sohagpur in Madhya Pradesh and is likely to pay price of $4.5/mmbtu in 2QFY2018 - Neutral for RIL as the production from its CBM blocks is very small currently. 

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