Tuesday, 25 July 2017

25 July 2017 - Views & News

NIFTY50 claims a new milestone.
10,000 and counting...

Post positive Opening, Index would get support around 9925-9930 & Till 9925 holds, Index would continue yesterday’s upmove upto 9995-10025 zone. 

Above 10025, Index will continue its upside upto 10060-10080. 
Incase 9925 is breached, profit booking upto 9870-9840 will be on the cards.  


Sgx Nifty  +6 pts Dow -66.90 pts ,Nsdq +23.05 pts , S&P -2.63 pts‎, Bovespa +415 pts , Ftse -75 pts , Dax -31 pts , Cac +10 pts , Nikkei  +19 pts now , Crude @ $46.39 brl (+0.05), Brent @ $48.63 brl (-0.06) , Gold @ 1253.74 (-0.56), Silver @ $16.442 (-0.00), Euro @ $1.1638, JPY @ $111.2200, INR @ $64.375

Today's Corporate Action 25h July  Ex Date

ACC Interim Dividend - Rs. - 11.0000
ADORFO Dividend - Rs. - 3.0000
AMFORG Buy Back of Shares 
BOMBCYC Dividend - Rs. - 4.0000
EIMCOELECO Dividend - Rs. - 5.0000
HAWKINCOOK Dividend - Rs. - 70.0000
HITECHCORP Dividend - Rs. - 0.9000
IGARASHI Dividend - Rs. - 6.6100
LAKSELEC Dividend - Rs. - 8.0000
MAFATIND Dividend - Rs. - 2.0000
MAGMA Dividend - Rs. - 0.8000
NATPEROX Dividend - Rs. - 34.0000
NAVNETEDUL Dividend - Rs. - 2.5000
PNBHOUSING Dividend - Rs. - 6.0000
PONNIERODE Dividend - Rs. - 2.5000
SUNTECK Stock  Split From Rs.2/- to Rs.1/-
TCIEXP Final Dividend - Rs. - 0.8000

Today's Key Result 25th July

Axis Bank ( 1259 Cr -19% Yoy Res-After Mkt) Asian Paint ( Cons 552 Cr Flat Res-After Mkt) Bharti Airtel ( Cons 410 Cr -72% Yoy Res-After Mkt) Hero Motor ( 913 Cr +3% Yoy Res-After Mkt)
Vedanta ( Cons 1600 Cr +160 % Yoy Res During Mkt) Gsk Pharma ( 86 Cr +20 % Yoy) L&T Tech (96 cr ) Pidilite (270 Cr -1% Yoy) Hind Motors,ICICI Pru,India Bulls Ventures, International Papers,Kpr Mills, Geojit Fin,Lakshmi Vilas Bank,Mahindra Life,Oriental Hotel,Raymond,Tata Metalik,Websol Energy


Ashok Leyland has received orders worth Rs 650 crore to supply 3019 busses to KSRTC, North West Karnataka Road Transport Corporation (NWKRTC), Bangalore Metropolitan Transport Corporation (BMTC) and North East Karnataka Road Transport Corporation (NEKRTC).  The order would be executed in FY2018. Positive

Idea: CCI gives unconditional approval to  Vodafone-Idea Merger, stock to be in focus

OPEC has asked Nigeria to implement OPEC production oil cuts as soon as Nigeria’s oil production recovers to pre-crisis level of 1.8mbpd (million barrels per day) as compared to no cap on oil production for Nigeria currently. Nigeria is currently producing 1.5mbpd of oil and capping/cut in oil production from Nigeria would help OPEC to balance oil supply in future – sentimentally positive for ONGC and Oil India.

Tyres: Government is planning to impose anti dumping duty on Chinese truck and bus tyres imports with a view to guard domestic rubber and tyre players; positive for domestic tyre players (MRF, Apollo Tyres, JK Tyres and Ceat)

UPL is exploring a bid of around $4 bn to acquire the agrochemicals business of Platform Specialty Products Corp (US based specialty Chemical and agro- chemical company) to expand its global footprint. UPL has cash position of Rs 2895 Cr, which could be utilized for the acquisition. Further it is in talks with New Mountain Capital LLC as well to team up for the offer. We await confirmation and other details from UPL on the possible deal. Positive, if the deal goes thru, as the acquisition could further strengthen the company’s presence in the global agrochemical markets.

Ratnamani Metals bagged two new orders of worth Rs339 crore – positive for the stock
Ratnamani Metals has secured two new orders for supply of HSAW Pipes aggregating to Rs.339.0 crores, for approx. Rs.214.0 crores and Rs.125.0 crores which will be completed by March 2018 and April 2018 respectively.


Government has constituted a three member ministerial panel headed by finance minister to expedite the process of government's 51.11% stake sale in Hindustan Petroleum Corp (HPCL) to Oil and Natural Gas Corp (ONGC).

Banking Sector: Moody’s has affirmed ratings of nine banks, including Bank of India (BoI), Punjab National Bank (PNB) and Axis Bank, at Baa3/Prime-3, and downgraded the ratings of Indian Overseas Bank (IOB) and Central Bank of India (CBI) to Ba3 from Ba1- Negative read through for IOB, CBI 

JSW Energy & JP Associates in focus- JSW Energy has put its power equipment manufacturing JV with Toshiba on the backburner and is on the verge of calling off its Rs 2,700 crore deal to acquire Bina Power from Jaiprakash Power Ventures, as JSW Energy changes its strategy to face the challenges in the sector. While it is confident of completing acquisition of a 1,000 mw power plant in Chhattisgarh from Jindal Steel & Power by June 2018. We believe the cancelation of deal with JP Power would be negative given the debt reduction programme may be interrupted.   

M&M to launch 3 utility vehicles (new products/upgrades) in a bid to regain market share; Positive read thru
M&M has planned to launch three vehicles (including new products and upgrades) in a bid to regain its lost market share in the utility vehicle segment. As per the media reports, a MPV – codenamed U321 would be launched in 2017 and would be positioned below the XUV 5OO and compete with Tata Hexa and Toyota Innova. Secondly, a SUV based on Tivoli platform to take on the llikes of Toyota Fortuner and Ford Endeavour is also in the pipeline. Thirdly, M&M will launch a coupe version of the existing XUV 5OO.

Tata Elxsi may be merged with TCS soon
As per media report, Tata Elxsi is likely to be merged with Tata Consultancy Services very soon. The company has divisions like Embedded Product Design, Industrial Design, System Integration and Professional Services and Visual Computing Labs.

Infosys, Embassy to team up with govt for Metro Phase 2
Infosys and Embassy have reportedly come forward to partner with the government for the Metro rail second phase. The second phase of the Bengaluru Metro is currently in feasibility check phase and is expected to be complete sometime in the next 3 years.


·ITC increases prices of cigarette by 4-8% as a result of higher tax

·Amtek Auto says insolvency proceedings accepted by NCLT

·Reckitt Benckiser CEO Rakesh Kapoor says GST spurring volatility

·IL&FS' PE arm to raise $1 bn infrastructure fund from pension funds in Japan, South Korea

·Why rejig of financial year could upset your tax planning

·Subrata Roy seeks time from Irda to turnaround Sahara Life Insurance

·PwC cooked books, evaded tax and broke laws: Ex-CFO

·Banks may cut UPI charges for merchants

·Govt mulls LPG-like subsidy transfer for PDS foodgrain

·Banks lost Rs 88,553/hour to cybercrime in last 3 yrs

·Farm loans form 60 per cent of new NPAs: HDFC Bank

·Goldman to ramp up campus hiring of engineers by 30 per cent

·CCI gives unconditional nod to Vodafone-Idea merger

·Fashion and lifestyle brands want their share of GST gains from dept chains

·Bharti Airtel chairman Sunil Mittal urges Trai to veto 'bill & keep,' maintain IUC

·Nitin Gadkari says driverless cars won't be allowed in India, plans app to rival Ola, Uber

·Mahindra & Mahindra evinces interest in Punjab, may invest in electric vehicles

·Insolvency not the best solution to alleviate NPA pain: HDFC Bank's Aditya Puri

·mjunction to build platform for oil sector bidding

·JSW Energy may call off buying Bina Power, puts Toshiba, JV in cold storage

·GCPL eyes 10% share of professional hair care market in next two and a half years

·FSSAI mulling pictorial warning on liquor bottles

·Distribution companies want to rework pacts as solar tariffs hit new low

·UPL explores bid for Platform Specialty agrochem unit: Sources

·Roche, Emcure may end pact to make 2 blockbuster drugs

·Lupin receives US FDA approval for anti-inflammatory topical solution

·Strides Shasun gets USFDA nod for anti-allergy capsules

·Zee Entertainment completes acquisition of India Webportal

·Competition Commission of India clears Vodafone-Idea merger

·Air India seats available for 144 flyers, but airline books 194

·Govt panel for sops to ease financial stress in telecom sector

·GST: Reduced rates yet to bring cheer to retail car sales

·TCS' iON takes digital learning marketplace abroad

·HPCL to retain its brand identity post ONGC deal, says Pradhan

·Small shareholders demand seat at Alembic board

·ONGC, OIL push crude oil output up by 0.24%, natural gas by 4%

·Moody's downgrades IOB, Central Bank

·EIL's Rs 658.80-crore share buyback to open on July 25       

·Ashok Leyland wins Rs. 650-cr order from Karnataka RTC

·With Ducati, Bajaj Auto will reaffirm global goal in bikes

·Post-GST, hosiery majors gear up with higher ad spends

·After KKR deal, Radiant eyes hospital buys worth ₹1,500 cr

·'Ceramic tiles industry to witness nearly 9% demand growth this year'

·Lupin gets USFDA nod to market solution for skin conditions

·SIS India sets IPO band at Rs. 805-815 

·JioPhone may force Airtel, Vodafone, Idea to focus on bundled plans

·IMF keeps India GDP growth forecast unchanged at 7.2% for 2017-18

·Resolving Air India debt priority of aviation ministry

·Wipro Ventures invests in venture capital fund Work-Bench

·Do D-Mart results justify its stratospheric valuations?

·ABB India: Many a slip between the cup and the lip

·World oil demand could peak in 2024 on higher vehicle efficiency: Goldman Sachs report

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