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Friday, 11 August 2017

11 August 2017 - Views & News

MARKET UPDATE

Sgx Nifty  -110 pts Dow -204.69 pts ,Nsdq -135.46 pts , S&P -35.81 pts‎, Bovespa -678 pts , Ftse -108 pts , Dax -139 pts , Cac -30 pts , Nikkei  Clsd , Crude @ $48.62 brl (+0.03), Brent @ $51.84 brl (-0.03) , Gold @ 1292.51 (+2.41), Silver @ $17.089 (+0.02), Euro @ $1.1768, JPY @ $109.1300, INR @ $64.156

Today's Corporate Action 11th Aug  Ex Date

AUTOAXLES Dividend - Rs. - 8.0000
ECLERX Dividend - Rs. - 1.0000
FIEMIND Final Dividend - Rs. - 8.0000
GRNLAMIND Dividend - Rs. - 1.5000
HERITGFOOD ividend - Rs. - 3.0000
HERITGFOOD Special Dividend - Rs. - 1.0000
INDHOTEL Dividend - Rs. - 0.3500
ISFT Dividend - Rs. - 2.0000
LAOPALA Dividend - Rs. - 2.0000
LT Dividend - Rs. - 14.0000
MEERA Dividend - Rs. - 1.0000
RANEENGINE Dividend - Rs. - 2.5000

Today's Key Result 11th Aug

BPCL (1299 cr -50% Yoy Res-After Mkt) Bank Of Baroda ( 462 Cr +9% Yoy Res During Mkt) Bosch ( 397 Cr +5% Yoy Res-After Mkt) Cipla ( Cons 295 Cr -19% Yoy Res During Mkt) Hindalco ( 397 cr +35% Yoy Res-After Mkt)
SBI ( 2675 Cr +6 % Yoy Res During Mkt) Sun Pharma ( Cons 1177 Cr -42% Yoy Res During Mkt) Alkem Lab (178 cr -25% Yoy) Cadila Health ( 366 Cr -6% Yoy) CESC ( 206 Cr +19% Yoy) IGL ( 158 Cr +7% Yoy) IPCA Lab ( 46 Cr -2% Yoy) OIL Ind (418 Cr -15% Yoy) Àarti Inds,All Bank,Avanti Feed,BEML,Bgr Energy,Blue Star,Cg Power,Clariant Chem, Claris Life,Cox & King,Dalmia Bharat,Dilip Buildcon,Eclerx,Eros Media,Finolex Inds, Ganesh Housing,Gitanjali Gems,Gmr Infra,Godrej Inds,Gvk Power,Hind Oil,HDIL, Huhtamaki Ppl,Intellect Design,JB Chem, JBF Inds,Kalyani Steel,KCP Sug,Kwality Ltd,Lypsa Gems,Marksan Pharma,Nitco, OBC,Rajesh Export,Rana Sug,Ratnamani Eng,RCF,Shakti Sug,Seemed,SJVN,Sona Steering,Star,Sun T.v,Suzlon,Surya Roshni,Tata Global,TNPL,TTK Prestige,TVS Motor,TV Today,Uflex,Ugar Sugar,Visaka Inds,Welspun Ent

TOP NEWS

PLNG: Plans to acquire 26% stake in IOCL’s upcoming 5mmt Ennore LNG terminal; positive read through for PLNG
Petronet LNG (PLNG) is in talks to acquire 26% stake in Indian Oil Corp’s (IOCL) 5mmt LNG terminal at Ennore. The under construction Ennore LNG terminal is expected to get completed by mid-2018. Positive read through for PLNG.

Everest Industries: Everest Ind in talks with French energy company Engie for a partnership for solar-ready roofs- Positive 

OTHER NEWS

IOCL: Gets government nod to import US crude every month; positive for refining margin of Paradip refinery
Indian Oil Corp (IOCL) gets government nod to import one cargo of crude oil every month from United States. One very large crude carrier (VLCC) can carry 2million barrels of oil and thus with one cargo every month we expect IOCL could import around 3.3mmt of oil in a year. WTI crude (US crude) is around $3-4/bbl cheaper than Brent crude and thus is expected to import refining margins for Paradip refinery. Positive read through for IOCL. 

ONGC: Plans to raise Rs25,000 crore through bond issue to fund buyout of HPCL
Oil and Natural Gas Corp (ONGC) plans to raise Rs25,000 crore through issue of bonds to fund acquisition of Hindustan Petroleum Corp (HPCL) as per media reports.

Heritage Foods: and Novandie SNC of France to set up Greenfield plant to manufacture beverage products – positive read through
Heritage Foods Limited has approved a move to set up a joint venture with Novandie SNC based in Rue de la Republique, Maromme, France. The 50:50 joint venture, to be incorporated with authorised capital of Rs. 1 crore, will manufacture and market fruit and flavoured yogurts and western style desserts. Each company will nominate two directors and set up a Greenfield plant with an investment of Rs. 16 crore for the first plant whose commercial operation is expected during 2018.

Maruti revamps True Value, to set up 150 dealerships by March; positive read thru
Maruti Suzuki has announced a complete revamp of its 16-year-old pre-owned car unit (True Value)  plans to set up 150 independent dealerships of the vertical by March 2018 . Overall, the company intends to open 300 dealerships of the pre-owned cars in the next two to three years period. In addition to large displays, these outlets will be digitally integrated through a portal so that customers can access details of all cars available at True Value outlets nationwide. The sale of pre-owned certified cars has grown to 22% in FY2017 and the company expects this to jump to 30% by FY2018. 

Tata Communications:  joins with CoreSite to deliver digital transformation for U.S. businesses
CoreSite Realty announced that it has joined forces with Tata Communications. Expanding its cloud and managed hosting services in the USA market through CoreSite is part of Tata Communications’ strategy of facilitating its customers’ digital transformation without increasing total cost of ownership.

Ashok Leyland launches digital platform to boost after-sales business; aims to quadrupule aftermarket sales in next 3 to 5 yrs; positive read thru
Ashok Leyland has introduced a digital platform to facilitate customers to stick with the company for service and spare parts, as it targets a larger share of the Rs 60,000 crore after-sales automotive market. The segment accounts for just 5%, or Rs 1,000 crore, of the company’s annual revenue of Rs 20,000 crore and It is aiming to quadruple this to Rs 4,000 crore in the next three to five years. The digital platform alone, it expects, will bring in an incremental Rs 1,000 crore a year. The company introduced four solutions — iAlert, ServiceMandi, E-diagnostics and Leykart. The digital platform would enable customers to help the customer track the vehicle and get vital information on the vehicles health in real time, order replacement parts online and also connect with rated and trained mechanics at pre-agreed rates in event of the breakdown.  

Tyres: Domestic Tyre industry demand is expected to grow 7-8% in FY18 & FY19 on back of higher OEM demand and stable replacement demand as per ICRA; positive read thru for (MRF, Apollo Tyres, Ceat and JK tyres) but stock prices are already factoring the above industry growth estimates. Also we believe the likely levy of anti dumping duty will enable domestic tyre players to regain market share form Chinese players and we are factoring double digit volume growth for domestic tyre players.  

Bharat Electronics to issue 1:10 bonus shares (news was during yesterday’s trading hours), positive read-thru
The board of director of Bharat Electronics (BEL) approved the proposal for the issue of the bonus shares to the existing shareholders of the company in the ratio of 1:10.

MORE NEWS

RBI dividend to govt halves to Rs 30,659 crore
Court stays defamation complaint against Cyrus Mistry
SoftBank Vision Fund invests $2.5 billion in Flipkart 
331 'shell' companies deserve less primitive justice
29 mineral blocks with value of Rs 1.5L cr auctioned
Bharti Airtel CEO sells stake in firm to Bharti Telecom
NCLT to decide on RCom-Aircel merger on Aug 14
SAT grants interim relief to J Kumar Infra, Prakash Ind.
Rs 40,000-cr tax liability for shell companies from Kolkata
GAIL India Q1 net drops 23% at Rs 1,026 cr
Ashok Leyland eyes Rs 1,000 cr revenue from digital platforms
Adani Power Q1 net loss near doubles to Rs 454 cr
MIAL restructures loans worth Rs 10,600 crore
UK trade unions split over Tata Steel's pension plan
Cochin Shipyard to debut on bourses today
Govt capex to rise 25% to Rs. 3.9 lakh cr by FY’20
Consumer goods cos with a rural bias outdo urban peers
HFCL board gives nod for setting up optical fibre mfg facility 
Phillips Carbon Black posts 5-fold jump in net profit
IOC gets nod to buy US crude oil every month this year
Sebi gives suspected shell companies a chance to be heard
Punj Lloyd Q1 net loss narrows to Rs 194 crore
NSE alerts market entities against malacious software script
NCLT admits insolvency proceedings against Lanco Infratech
Motherson Sumi Q1 profit falls 21% to Rs347 crore, misses estimates
Bank NPAs register a significant growth during January-June: Survey
Flouting norms led to higher bad loans of REC, PFC: CAG
Tax-GDP ratio to increase 30 bps for next two fiscals
Rupee appreciation may take imports from China to over $61 bn
RBI may need to drain up to $22 bn as inflows add to excess liquidity
Sensex closes at 1-mth low, hit by losses for 4th day
Tata Motors, Skoda call off partnership plan
 'Casual Taxpayer' registration goes live on GSTN portal

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