Friday, 14 December 2018

IOC | Dilip Buildcon | Capital First | Premier Explosives | Dhanuka Agritech

Capital First | IDFC Bank | Adani Enterprises | Premier Explosives | Himadri Speciality Chemicals and KNR Constructions are stocks which are in the news today.

Indian Oil Corporation: Board approved the buyback of up to 29.7 crore shares at Rs 149 per share and declared an interim dividend of Rs 6.75 per equity share and Live Commodity Tips.
Adani Enterprises: Subsidiary Adani Defence Systems and Technologies Limited acquired Alpha Design Technologies Private Limited for Rs 400 crore.
KNR Constructions: India Rating revised company's credit rating from A+ Stable to A+ Positive.
Capital First and IDFC Bank: National Company Law Tribunal approved the composite scheme of amalgamation of the company, Capital First Home Finance Limited and Capital First Securities Limited with IDFC Bank Limited.
Lupin: Company received tentative US FDA approval for Dimethyl Fumarate Delayed release capsules, 120 mg and 240 mg, which are indicated for the treatment of patients with relapsing forms of multiple sclerosis.
Dilip Buildcon: CARE revised rating for company's long term bank facilities worth Rs 1,998.09 crore to A/Stable from A+ and removed from credit watch with developing implications.
Dilip Buildcon: Subsidiary DBL Rewa Sidhi Highways Private Limited received the financial closure letter from the National Highways Authority of India and has declared the financial closure of the said SPV.
IL&FS Transportation Networks: Company appoints Shaivali Parekh as Chief Financial Officer.
UltraTech Cement: Binani Cement is now UltraTech Nathdwara Cement Limited.
Himadri Speciality Chemical: CARE revised rating on company's long term bank facilities to AA-/Stable from A+/Stable, and short term bank facilities to AA-/Stable/A1+ from A+/Stable/A1+.
MIC Electronics: Committee of Creditors approved resolution plan submitted by Cosyn Limited, consortium.
Premier Explosives: Company has received an order from an Israel company for design, development, fabrication and assembly of Rocket Motors. Order amount is $41,000 and is to be executed in six months.
Maestros Electronics & Telecommunications Systems: Board approved the issue of 2,32,813 equity shares at Rs 27.49 per share and 5,67,479 equity warrants at Rs 27.49 per warrant to be converted into equity shares, in one or more tranches within a period of not more than 18 months, to the promoter on preferential allotment basis.
Datiware Maritime Infra: Air Control India to sell 2,28,445 equity shares (representing 4.57 percent of the share capital) of the company through offer for sale on December 17-18.
SREI Equipment: Company to raise at least Rs 150 crore via public issue. NCD’s public issue from December 19, 2018-January 18, 2019.
Bharti, Vodafone Idea; TDSAT strikes down TRAI norms for predatory pricing and directs TRAI to reconsider predatory pricing norms within 6 months.
Dhanuka Agritech board meet on December 20 to consider the final buyback price, fixation of record date and other related matters in respect of the proposed buyback of equity shares of the company
Vijaya Bank revised interest rates w.e.f. December 14
Canara Bank United Forum of Bank Union (UFBU) has given a call for strike in the Banking Industry on Dec 26
NMDC - Iron Ore Production at 1876 MT and Sales at 19.30 MT up to the month of November 2018
Bulk Deals on December 13
Agro Phos India: DK Investments bought 1,44,000 shares of the company at Rs 46.98 per share on the NSE.
Ashapura Intimates Fashion: DSP Small and Mid Cap Fund sold 7,33,851 shares of the company at Rs 19.89 per share on the NSE, Victory Expedition Emerging Markets Small Cap Fund 3,58,683 shares at Rs 19.25 per share and Virtue Financial Services Private Limited 2,00,000 shares at Rs 19.25 per share. Omprakash D Agarwal HUF bought 2,00,501 shares at Rs 19.25 per share.
Marine Electrical (I): Overskud Multi Asset Management Private Limited purchased 1,38,000 shares of the company at Rs 80 per share and Sajankumar Rameshwarlal Bajaj 2,38,000 shares at Rs 79.09 on the NSE.
Max Financial Services: New York Life Insurance Company bought 49,99,130 shares of the company at Rs 429.5 per share while Max Ventures Invesment Holdings Private Limited sold 49,99,130 shares at Rs 429.5 per share on the NSE.
Mastek: Ketan Bansilal Mehta sold 1,25,000 shares of the company at Rs 466.47 per share on the BSE.
Analyst or Board Meet/Briefings
Blue Star: Company's officials will be attending HDFC Securities Investor Forum - Consumer Sector on December 17.
Bhageria Industries: Some investors/analysts are visiting company's plant in Palghar, Maharashtra on December 14.
Dhanuka Agritech: Board meeting is scheduled on December 20 to consider the final buy-back price, fixation of record date and other related matters in respect of the proposed buy-back of equity shares of the company.
Source -

Thursday, 13 December 2018

Jubilant Foodworks | Pricol, Bank of Baroda | Ashoka Buildcon | Strides Pharma | Lupin

Jubilant Foodworks | Pricol | Bank of Baroda | Ashoka Buildcon and Music Broadcast are stocks which are in the news today.

Here are stocks that are in the news today:

October IIP at 8.1% Vs 4.5% (MoM)

November CPI at 2.33% Vs 3.38% (MoM)
Strides receives USFDA approval for Lidocaine Ointment
Lupin - EU General Court upheld European Commission’s Decision in Perindopril litigation, holding Lupin liable to pay of €40 million
Jubilant Foodworks: Company has been allotted 51 lakh ordinary equity shares at a par value of BDT 10 (Bangladesh Taka Ten) each, in Jubilant Golden Harvest Limited (JV company). live commodity Tips Subsequent to the allotment, the company has become 51 percent shareholder in the JV company.
Pricol: Company and Nasdaq-listed Pointer Telocation signed a letter of intent to form a joint venture to provide advanced telematics and IoT solutions in India and other countries in South East Asia.
DLF Group CFO  Saurabh Chawla resigns
MPS: Directors of the company has decided to withdraw the proposed Scheme of Amalgamation of ADI BPO Services Limited with MP5 Limited and appointment of Sunil Shah as Additional Director of the company.
United Bank of India has revised the rate of interest on domestic term deposits for less than Rs 1 crore, with effect from December 14,2018
Capital First raised Rs 1048 crore by issue of NCD's on private placement basis
Nagarjuna Oil Refinery - NCLT orders liquidation of associates company
Rollatainers: Sanjiv Bhasin, Director has resigned from the board and all committees of the board, due to personal and unavoidable circumstances.
Bulk Deals on December 12
Rolta India: Central Bank of India (capital market service branch) sold 20 lakh shares of the company at Rs 10.07 per share on the NSE.
Analyst or Board Meet/Briefings
Eicher Motors: Company's officials will be meeting India Nivesh Institutional and Cadence Investment on December 13, and Systematix and Sundaram Mutual Fund on December 14.
Scan Steels: Board meeting is scheduled for December 18 to consider the matter in respect of listing of equity shares of the company with the National Exchange Limited.
Gulf Oil Lubricants India: Company's officials will be meeting analysts/investors on December 13.
CRISIL: Company's official will be meeting ICICI Prudential Life Insurance Company, SBI Mutual Fund, Reliance Mutual Fund, Goldman Sachs and HDFC Standard Life Insurance Company Limited on December 13.
KEI Industries: Company's officials will be meeting Nirmal Bang Equities Private Limited on December 14.
Bank of Baroda: Capital Raising Committee is scheduled to be held on December 17 to consider raising of funds through Basel III compliant Tier II bonds, for size and amount.
Ashoka Buildcon: Board meeting is scheduled on December 17 to consider the raising of funds by issue of debt security in the form of non-convertible debentures (NCDs) on private placement basis.
Asian Paints: Company through its representatives will be meeting the Investment Research team of Citi Bank on December 13.
PSP Projects: Company's officials will be meeting analysts/institutional investors on December 13 and 17.
Music Broadcast: Board meeting is scheduled on December 31 to consider the sub-division of equity shares of the company.
Virinchi: Officials of the company will be meeting investors and analysts (participants), at Ahmedabad on December 13.
Mahindra Holidays & Resorts India: Company's officials will be meeting HDFC Asset Management Company and Edelweiss Securities Limited on December 14.
Mahindra Logistics: Company's officials will be meeting Ashmore Capital on December 24.

Wednesday, 12 December 2018

Sensex soars 400 points | Nifty above 10,650 led by bank | auto | metal stocks

ACC approves expansion proposals: ACC board granted its approval for setting up a Greenfield Integrated Cement Plant at Ametha, District Katnl, Madhya Pradesh along with expansion of the existing grinding unit in Tikaria, Uttar Pradesh and a third grinding unit also in Uttar Pradesh. Also approved the setting up of 1.1 MTPA Cement Grinding Facility at the existing location at Sindri, Jharkhand.

Rupee Update: Indian rupee is recovered from the day's low but trading lower at 71.96 per dollar.

Zydus Wellness to acquire Heinz India: Shares of Zydus Wellness gained 2 percent on Wednesday after the company received CCI approval for the acquisition of businesses of Heinz.

Buzzing: Share price of Ashok Leyland jumped 3 percent intraday Wednesday after the company signed Memorandum of Understanding (MoU) with Israel's  ELBlT Systems.
As part of this agreement, Ashok Leyland will provide High Mobility vehicles (HMV) for mounting Elbit Systems' artillery guns and systems. 
Financials rally: Shares of banks and non-banking financial companies (NBFCs) soared in trade after the government appointed a successor to Urjit Patel. The Centre on Tuesday announced the appointment of Shaktikanta Das, former finance secretary to lead the Reserve Bank of India (RBI).
Yes, Bank, Kotak Mahindra Bank, IDFC Bank, Federal Bank, and Punjab National Bank, among others rose 1-4 percent. 
In the NBFC space, Indiabulls Housing Finance, HDFC and Bajaj Finance among others, too, rose up to 2 percent. 
Banks under PCA rise Banks such as Allahabad Bank, Oriental Bank of Commerce and United Bank of India, among others, are surging in trade today after Shaktikanta Das was chosen as the RBI Governor. 
Yes, Bank surges Shares of Yes Bank traded around 3 percent higher ahead of its Board Meeting to name a successor to Rana Kapoor. 
Market opens It is a positive start for the market on Wednesday morning, as investors reacted to double news of Shaktikanta Das being appointed RBI governor as well as results to state elections in five states. 
The Sensex is up 128.23 points or 0.36% at 35278.24, while the Nifty is higher by 33.20 points or 0.31% at 10582.40. The market breadth is positive as 314 shares advanced, against a decline of 93 shares, while 12 shares were unchanged.
All sectoral indices are trading in the green, with most gains seen in metals, infrastructure, banks and automobiles. 
Shares of Yes Bank and Sun Pharmaceuticals and Indiabulls Housing were the top gainers, while Coal India, ICICI Bank, and Dr Reddy's Laboratories lost the most. 
RUPEE OPENS The Indian rupee opened lower by 35 paise at 72.20 per dollar on Wednesday versus 71.85 yesterday.
Market at pre-open Equity benchmarks have begun higher in pre-opening trade, with the Nifty trading above 10,500.
The Sensex is up 113.60 points or 0.32% at 35263.61, and the Nifty up 60.70 points or 0.58% at 10549.20. 
IPO UPDATE | China-based music streaming company Tencent Music Entertainment Group said it raised close to $1.1 billion in its US initial public offering (IPO) after pricing its shares at the bottom of its targeted range.
The music arm of gaming and social network giant Tencent Holdings Ltd priced its American Depositary Receipts (ADRs) at $13 per share, at the low end of its indicated $13 to $15 per share range, it said in a filing with the Hong Kong stock exchange.
The IPO values Tencent Music at $21.3 billion and shows how companies are defying a bout of market volatility with flotations.

Monday, 10 December 2018

As exit polls indicate close contest, here's what investors should do

If BJP were to retain 2 out of 3 Hindi heartland states where it is in direct competition with the Congress, the market would heave a sigh of relief and be range bound.

It looks like it will be a close contest between the ruling party BJP and the biggest opposition party, Congress when the results for the five state elections will be announced on Tuesday.
Ahead of the results, India VIX fell 3.70 percent to close at 18.59 levels on December 7. It has risen from 18.22 recorded on December 3. Higher VIX suggests more volatile swing in the market in next coming sessions.
The S&P BSE Sensex and the Nifty50 plunged below crucial support levels in trade on December 10 and exit polls suggested a tight finish between the BJP and the Congress which might not go down well with markets, suggest experts.
A loss of BJP will not push markets into a tailspin but will limit further upside. If the opposition gains ground in key states such as Madhya Pradesh, Rajasthan as well as Chhattisgarh it might hit investor sentiment.
“If BJP were to retain 2 out of 3 Hindi heartland states where it is in direct competition with the Congress, the market would heave a sigh of relief and be range bound. However, if BJP were to emerge victories only in 1 of those 3 states then it would inject a sense of uncertainty in the run-up to the general elections due in April-May 2018,” Ajay Bodke, CEO - PMS, Prabhudas Lilladher told Moneycontrol.
“The possibility of a largish correction is still looming. However, the Indian market is unlikely to breach its recent low of 10,100 due to the dramatic plunge in global crude oil prices and improvement in macros,” he said.
On the options front, maximum Put OI is placed at 10,000 followed by 10,200 strikes, while the maximum Call OI is seen at 11,000 followed by 11,500 strikes. Options band signifies a broader trading range between 10,550 and 10,850.
Most of the exit polls suggest that Congress is likely to make a comeback or at least give a tough fight to the ruling party, BJP, in Chhattisgarh, Rajasthan as well as Madhya Pradesh. The other two states, Mizoram and Telangana, are not material to the markets.
But, following exit polls blindly is also dangerous because there have been instances when they went not just off the mark but totally wrong. Hence, the outcome of the exit polls should be taken with a pinch of salt.
However, what it will certainly do is make markets volatile on Monday and on Tuesday when the actual results are scheduled to be declared. The next big question is, ‘what should investors do now’?
Well, the most straight and safe answer is avoid trading and if in case you have already placed your bets according to what you think could be the outcome and how it will play out in markets, buying put options to safeguard your portfolio can also be done, suggest experts.
“Ideally, for a situation like this when ahead of the event we have seen a big uptick from the recent lows. Anything bought can be held on to with a protection buying. Considering a negative outcome, the impact of risk premia on the buyer of the Puts post-event, be ready for a knock of about a couple of percent,” Shubham Agarwal, CEO & Head of Research at Quantsapp Private Limited told Moneycontrol.
“This limits the downside as with if not more (looking at the preceding move) the odds remain equal for either side, hence if there is upside volatility, it seldom gives chance to buy into,” he said.
Amit Gupta, Head of Derivative at ICICIdirect told Moneycontrol that history suggests that since 2016, Volatility has found it tough to move above 25 percent levels. Hence, we don’t recommend buying further Put options now in case you have bought before.
“In fact, post the event as volatility is expected to decline one can sell the options after that to capture the decline in option premiums,” he said.

How are FIIs placed?

Foreign investors have pulled put close to Rs 400 crore from the Indian stock market in the last five trading sessions amid weakness in global equities due to the arrest of a high-profile Chinese executive.
This comes following a net inflow of over Rs 6,900 crore in the equity market by Foreign Portfolio Investors (FPIs) on easing crude oil prices and a strengthening rupee.
It looks like FIIs are also moving cautiously ahead of the event, but not negative which suggests that the possibility of a big downside remain limited.
In the derivatives market, FIIs added 21,000 short Index Futures, 9,000 long Index PE and 19,000 short Stocks Futures contracts on Friday, AceEquity data showed. “Nifty DEC added 14247 contracts in Open Interest today, Banknifty DEC continued to shed OI with reduction of 8,375 contracts.
“Since last 10 days, FIIs have been a buyer in the INDEX FUTURES  & INDEX OPTIONS  segment amounting to 5174 crs &  8072 crs respectively, which indicates that FIIs have taken a hedge position ahead of not only election results but also against upcoming global events,” Rajesh palviya, Head Technical, and Derivative Analyst, Axis Securities told Moneycontrol.
Gupta of ICICIdirect said that FIIs who were absent in the previous months have started buying in both Debt and Equity markets as the rupee move has stabilized. “They have bought close to Rs. 14500 cr. in both Debt and Equity segments. This points towards some optimism before the event,” he said.

Friday, 7 December 2018

Zydus Wellness | Khadim India | HCL Tech | NHPC | Wipro | Sagar Cements | REC |Coal India

Sagar Cements | Coal India | Rural Electrification Corporation | HCL Tech | Kajaria Ceramics | IFCI and Punj Lloyd are stocks which are in the news today.

NHPC: Company has been declared as the successful resolution applicant by the Committee of Creditors (CoC) of Lanco Teesta Hydro Power Limited subject to the final approval by adjudicating authority.

IBM to sell some of its software products to HCL for $1.8 billion
Khadim India: The company has issued the commercial paper for an aggregate amount of Rs 30 crore.
Cadila Healthcare and Zydus Wellness: Company entered into a share subscription agreement (SSA) with subsidiary Zydus Wellness to subscribe to 85,02,170 equity shares at an issue price of Rs 1,382 amounting to Rs 11,74,99,98,940.
Wipro: Company and Alfresco expand partnership to offer open source based digital transformation capabilities.
Sagar Cements: Consolidated cement sales increased 36.29 percent to 3,15,106 MT versus 2,31,202 MT YoY.
Punjab & Sindh Bank: Bank to consider issue of equity shares via QIP up to amount of Rs 500 crore and issue of Basel III Compliant Tier II bonds up to of Rs 1,500 crore - CNBC-TV18.
HUDCO: Board to mull raising up to Rs 1,000 crore via bonds.
Coal India: Government cuts stake in company by 2.2 percent to 72.9 percent.
IL&FS Financial Services: Company unable to service obligation of interest payment of NCDs worth Rs 52 crore due December 6 - CNBC-TV18.
Rural Electrification Corporation: Company approved JV with Maharashtra Power Utility for new projects and to sell transmission unit to Power Grid.
IL&FS Engineering and Construction Company: Bhaskar Chatterjee, Non-Executive Independent Director of the company tendered his resignation from the directorship of the company.
Nandan Denim: Vedprakash Chiripal, belonging to promoter & promoter group entities, acquired 40,000 equity shares of the company through open market on December 4.
Polycon International: Bank loan rating of the company has been revised by the rating agency, Brickwork Ratings from BB to BB- and A4+ to A4.
Bulk Deals
Kajaria Ceramics: Wasatch Advisors Inc A/C Wasatch International Growth Fund bought 10,37,576 shares of the company at Rs 435.35 per share while Abu Dhabi Investment Authority sold 10,10,000 shares at Rs 435.26 per share on the NSE.
Punj Lloyd: IFCI sold 43,97,267 shares of the company at Rs 4.98 per share on the NSE.
Shubhlaxmi Jewel Art: Kanadia Fyr Fyter Private Limited sold 80,000 shares of the company at Rs 27.5 per share on the NSE.
Vikas EcoTech: Garg Vikas sold 75,00,000 shares of the company at Rs 12 per share on the NSE.
Analyst or Board Meet/Briefings
Indo Count Industries: Company's officials will be meeting investors and analysts (participants) on December 7.
Dolphin Medical Services: 26th Annual General Meeting of the members of the company is scheduled to be held on December 29.
VIP Clothing: Company's officials will be attending a conference organised by Systematix Shares & Stocks (I) Limited on December 7.
Muthoot Finance: Q2FY19 results conference will be hold on December 7.
Siyaram Silk Mills: Company will be participating in Consumer /Investor Conference on December 7 in Mumbai.

Thursday, 6 December 2018

Over 200 stocks are trading above 50, 200-DMA

Long-term investors tend to look at the 200-day moving average while active traders are more likely to pay attention to the 50-day moving average.

The 50-day moving average (DMA) and 200-DMA can help traders filter stocks that are showing signs of strength amid market volatility. The general rule is if a stock trading above its 50-DMA and 200-DMA, the trend is largely upward, although there could be an intermediate downtrend as well.
At the moment, about 800 stocks are trading above their 50-DMA while a little over 300 stocks are trading above their respective 200-DMA, data from shows.
In all, as many as 245 stocks are trading above their respective 50-DMA as well as 200-DMA, which is a sign of strength.
These stocks include 3M India, Bajaj Finserv, Britannia Industries, HDFC Bank, HDFC, TCS, L&T, HCL Technologies, Lupin, Tech Mahindra, Infosys, and Havells India, among others.
Indices that are showing signs of strength include the Nifty, Nifty100, Nifty Bank, Nifty Energy, Nifty FMCG, Nifty IT, Nifty Private Bank, among others.
Here is a sample list of 40 of the 245 stocks that are displaying signs of strength:

Referring to the above chart, yes, more than 200 stocks are trading above their 50 as well as 200-DMA but not all stocks are a right buy, suggest experts.
Investors should use other parameters such as RSI, Stotachtics as well as other trend indicators to confirm the trend. If you are planning to go long in the stock, the above list could help you in filtering your stocks.
“At best 50 and 200-day moving average can be used to gauge the broader trend of the scrip/index but as a trading tool they may be having less utility as trading decisions can’t be exclusively made based on these parameters unless they have respected these levels on multiple occasions in the past,” Mazhar Mohammad, Chief Strategist – Technical Research and  Trading Advisory, told Moneycontrol.
“Nevertheless, they can be useful in understanding the sentiment whether it is weak or strong over a period of time,” he said.
Before we move forward, let us understand, what are moving averages? Moving average is the average closing price of a stock over a specified period.
For instance, the 50-day moving average (MA) is the average closing price for the past 50 days. The most widely followed MAs are 50-day and 200-days.
Long-term investors tend to look at the 200-day moving average while active traders are more likely to pay attention to the 50-day moving average.
Going by the thumb rule, it is best to avoid stocks that are trading below their 50 and 200-day moving average in case you are planning to go long in the stock.
In technical trading, moving averages such as the 50-DMA, 200-DMA act as both support and resistance levels for the stock. If a stock is currently trading above its 50-DMA/200-DMA, then these moving averages may act as support to the stock’s price.
On the contrary, if the stock is trading below its 50-DMA/200-DMA, then they might act as resistance to the stock price.
“Apart from 50 and 200-DMA, prior highs and overhead supply can also act as resistance,” Vipin Khare, Director- Research, William O'Neil India told Moneycontrol.

Wednesday, 5 December 2018

Stock Market Classroom with Udayan | How promoter credibility impacts investor returns

Promoters' decisions on capital allocation and their ethical framework go a long way in determining how much money investors make

A company's promoter group is crucial in shaping investor returns. If promoters don't appear aggressive in terms of acquiring companies and exploring new lines of business, chances are that investor returns won't be great.
Promoters' decisions on capital allocation, and their ethical framework also go a long way in determining how much money investors make. Returns can be greater if the market perceives the promoter as ethical and strong.
TCS and Infosys are examples of good companies that generate decent returns for their shareholders.
Investors shouldn't wait to hear news about the promoters of a company to form opinions. It is better to trust your gut and leave the company if you don't get a good feeling about the promoter.
In the fourth episode of Stock Market Classroom, Udayan Mukherjee, Consulting Editor at CNBC TV18, talks about the role of a promoter in maximizing investor returns.

If you want to trade in share market then you should choose the right firm for trading. if you want really profit then you can contact TradeIndia Research.

IOC | Dilip Buildcon | Capital First | Premier Explosives | Dhanuka Agritech

Capital First | IDFC Bank | Adani Enterprises | Premier Explosives | Himadri Speciality Chemicals and KNR Constructions are stocks which a...