Wednesday, 31 October 2018

Govt invokes Section 7, law allowing it to issue directions to RBI: Report

This section has never been used in India until now, not even during the 1991 Indian economic crisis.



As the row between the government and the Reserve Bank of India intensified, the former has invoked Section 7 of the RBI Act, which allows it to issue directions to the governor of the central bank in matters adhering to public interest, The Economic Times reported.
The Centre has reportedly sent letters to RBI governor Urjit Patel in the recent weeks, exercising its powers under this section, on various issues like liquidity crunch in the NBFC sectors, capital requirement for banks and lending to small and medium enterprises.
This section has never been used in India until now, not even during the 1991 Indian economic crisis when the country was close to a default.
Relations between the government and the RBI have gone downhill over the past few months, with the government unhappy with the central bank's interest rate policy, and its decision to invoke the 'prompt corrective action' framework that restricts lending by NPA-hobbled banks, among others.
Yesterday, Finance Minister Arun Jaitley criticised the RBI for "looking the other way" during the UPA era when "banks were asked to lend recklessly".
Last week, RBI deputy governor Viral Acharya warned the government that there would be disastrous consequences if the central bank’s autonomy is undermined.
So far, markets have not reacted to the developments.

Tuesday, 30 October 2018

BPCL | Just Dial | Union Bank | HDFC AMC | Airtel | Man Industries

Bank of Baroda | Finolex Industries | LIC Housing Finance | Chambal Fertilizers | Tata Power | Cadila Healthcare are stocks, which are in news today.



Results on Tuesday: Tech Mahindra, Bank of Baroda, Dena Bank, ABB India, IDFC, Info Edge (India), IRB Infrastructure Developers, JK Tyre & Industries, Jayaswal Neco Industries, Talwalkars Better Value Fitness, Krebs Biochemicals, Accelya Kale Solutions, Alembic, Phillips Carbon Black, Blue Star, Gangotri Textiles, Vakrangee, Cummins India, Bhushan Steel, STI India, Ramco Cements, Pidilite Industries, Borosil Glass Works, Emami, Nitco, Eimco Elecon (India), NOCIL, Cholamandalam Investment, Gateway Distriparks, TCI Finance, Solara Active Pharma, GTL, Times Guaranty, Tata Global Beverages, JHS Svendgaard Laboratories, Unichem Laboratories, Kalyani Forge, Asahi Songwon Colors, Navin Fluorine, Take Solutions, Navkar Corporation, Opto Circuits, Orient Abrasives, Symphony, IFB Industries, BASF India, TD Power Systems, Indian Card Clothing, Shree Renuka Sugars, Bharat Gears, EIH, Binani Industries, Tata Teleservices (Maharashtra), Container Corporation, Esab India, Creditaccess Grameen, Bank of Maharashtra, Astra Microwave, Birla Corporation, JVL Agro Industries, Shemaroo Entertainment, Teamlease Services, Motilal Oswal Financial, R Systems International, Emkay Global Financial, Orient Refractories, Jindal Stainless (Hisar), Merck, Prestige Estates Projects, Kanani Industries, Dalmia Bharat, Manpasand Beverages, Electrosteel Steels, Hind Rectifiers, Redington (India), JMC Projects (India), National Fertilizers, Torrent Power, AksharChem India, Welspun Enterprises, 3M India, Future Market Networks, Landmark Property, Revathi Equipment.
BPCL Q2: Profit falls to Rs 1,218.7 crore versus Rs 2,293.3 crore; revenue rises to Rs 82,884.82 crore versus Rs 82,430.93 crore QoQ.
Just Dial Q2: Profit rises to Rs 48.38 crore versus Rs 37.46 crore; revenue increases to Rs 221.03 crore versus Rs 194.47 crore YoY.
Finolex Industries Q2: Profit jumps to Rs 76.4 crore versus Rs 28.2 crore; revenue rises 14 percent to Rs 542.6 crore versus Rs 475.3 crore YoY.
Nilkamal Q2: Profit drops 10.4 percent to Rs 24.9 crore versus Rs 27.8 crore; revenue increases 32.1 percent to Rs 613.7 crore versus Rs 464.7 crore YoY.
Union Bank of India Q2: Net profit at Rs 139 crore versus loss of Rs 1,530.7 crore; net interest income increases 7.4 percent to Rs 2,493.1 crore versus Rs 2,320.7 crore YoY.
Swaraj Engines Q2: Profit rises 8 percent to Rs 25.37 crore versus Rs 23.5 crore; revenue jumps 18 percent to Rs 247 crore versus Rs 208.7 crore YoY.
Granules India Q2: Consolidated profit spikes 49.4 percent to Rs 60.2 crore versus Rs 40.3 crore; revenue jumps 48 percent to Rs 580.8 crore versus Rs 392.5 crore YoY.
LIC Housing Finance Q2: Profit rises 11.5 percent to Rs 573.2 crore versus Rs 513.9 crore; net interest income increases 5.1 percent to Rs 1,012 crore versus Rs 963 crore YoY.
HDFC AMC Q2: Profit rises 15 percent to Rs 205.9 crore versus Rs 179.8 crore; revenue increases 12 percent to Rs 480.4 crore versus Rs 430 crore YoY.
Chennai Petroleum Corporation Q2: Profit falls to Rs 27 crore versus Rs 156 crore; revenue increases to Rs 15,084 crore versus Rs 12,355.8 crore QoQ.
Sun Pharma Advanced Research Q2: Loss at Rs 2.58 crore versus loss at Rs 62.57 crore; revenue rises to Rs 61.35 crore versus Rs 15.36 crore YoY.
HPL Electric & Power Q2: Profit increases to Rs 7.8 crore versus Rs 6.2 crore; revenue rises to Rs 286.5 crore versus Rs 224.2 crore YoY.
Ballarpur Industries Q2: Consolidated loss narrows to Rs 142.64 crore versus Rs 293.67 crore; revenue rises to Rs 936.7 crore versus Rs 586 crore YoY.
Chambal Fertilizers Q2: Profit rises to Rs 145 crore versus Rs 144.3 crore; revenue increases to Rs 2,486 crore versus Rs 2,108 crore YoY.
Mahindra Holidays Q2: Profit falls to Rs 14.46 crore versus Rs 31.70 crore; revenue declines to Rs 209.4 crore versus Rs 240 crore YoY.
HSIL Q2: Profit dips to Rs 4.67 crore versus Rs 23.50 crore; revenue jumps to Rs 622.65 crore versus Rs 531.3 crore YoY.
DCM Shriram Q2: Consolidated profit falls to Rs 167.72 crore versus Rs 172 crore; revenue rises to Rs 1,700 crore versus Rs 1,605 crore YoY.
Man Industries Q2: Profit jumps to Rs 15.21 crore versus Rs 9.35 crore; revenue surges to Rs 803 crore versus Rs 284.3 crore YoY.
Thirumalai Chemicals Q2: Profit rises to Rs 53.1 crore versus Rs 46.31 crore; revenue increases to Rs 363.4 crore versus Rs 311.50 crore YoY.
Action Construction Equipment Q2: Profit increases to Rs 12.4 crore versus Rs 11 crore; revenue jumps to Rs 344 crore versus Rs 251 crore YoY.
Sagar Cements Q2: Consolidated loss at Rs 8.01 crore versus profit at Rs 8.54 crore; revenue rises to Rs 257.7 crore versus Rs 235 crore YoY.
Tata Power: Company revised issuance in one or more tranches, of non-cumulative, redeemable, taxable, listed, rated securities in the form of non-convertible debentures (NCDs) upto Rs 5,500 crore on private placement basis.
Cadila Healthcare: Company has subscribed 51 percent shares of Windlas Healthcare Private Limited (Windlas) as per the share purchase agreement executed by the company and Windlas. Windlas has become a subsidiary of the company.
Sunteck Realty: Company issued commercial paper of Rs 25 crore.
Minda Corporation: India Ratings and Research upgraded company's long term issuer rating to AA- from A+.
Sagar Cements: Board appointed Dr S Anand Reddy, currently Joint Managing Director, as Managing Director and S Sreekanth Reddy, currently Executive Director, as Joint Managing Director.
Bharti Airtel: Company said IPO preparations are proceeding as per plan, new board is in place with new investor’s representatives and company remained very confident about the IPO process.
Tanla Solutions: Company retained former Airtel CEO Sanjay Kapoor as senior advisor and mentor for its growth strategy and appointed Sriram Vinjamuri as Chief Operating Officer.
Bulk Deals
Kwality: Letko Brosseau Emerging Markets Equity Fund sold 40 lakh equity shares of the company at Rs 7.1 per share and Sanjay Dhingra sold 24 lakh shares at Rs 7.05 per share.
Madhya Bharat Agro: Ostwal Phoschem India purchased 1.98 lakh shares of the company at Rs 45.13 per share on the NSE.
Ujjivan Financial Services: Franklin Templeton Mutual Fund A/C Franklin India High Growth Companies Fund 11624 bought 10,52,508 shares of the company at Rs 184.44 per share on the NSE.
Analyst or Board Meet/Briefings
India Home Loan: Board meeting is scheduled on November 5 to consider financial results for the quarter ended September 2018.
CL Educate: Company scheduled an analysts and investors Quarter 2, Financial Year 2018-19 Earnings Call on November 5 to discuss the unaudited financial results (standalone and consolidated) for the quarter and half year ended September 2018.
Mcleod Russel India: Board meeting is scheduled on November 12 to consider financial results for the quarter ended September 2018.
UFO Moviez India: Board meeting is scheduled on November 12 to consider financial results for the quarter ended September 2018.
Centrum Capital: Board meeting is scheduled on November 12 to consider financial results for the quarter ended September 2018.
Autolite India: Board meeting is scheduled on November 14 to consider financial results for the quarter ended September 2018.
Page Industries: Board meeting is scheduled on November 14 to consider financial results for the quarter ended September 2018.
Fortis Healthcare: Board meeting is scheduled on November 5 to consider financial results for the quarter ended September 2018.
S Chand and Company: Board meeting is scheduled on November 5 to consider financial results for the quarter ended September 2018.
Sheela Foam: Board meeting is scheduled on November 5 to consider financial results for the quarter ended September 2018.
Asahi India Glass: Board meeting is scheduled on November 5 to consider financial results for the quarter ended September 2018.
RPG Life Sciences: Board meeting is scheduled on November 5 to consider financial results for the quarter ended September 2018.
Renaissance Jewellery: Board meeting is scheduled on November 5 to consider financial results for the quarter ended September 2018.
Sanghi Industries: Board meeting is scheduled on November 6 to consider financial results for the quarter ended September 2018.
Astrazeneca Pharma: Board meeting is scheduled on November 13 to consider financial results for the quarter ended September 2018.
Manappuram Finance: Board meeting is scheduled on November 6 to consider financial results for the quarter ended September 2018.
Electrosteel Castings: Board meeting is scheduled on November 10 to consider financial results for the quarter ended September 2018.
BL Kashyap and Sons: Board meeting is scheduled on November 10 to consider financial results for the quarter ended September 2018.
GOCL Corporation: Board meeting is scheduled on November 13 to consider financial results for the quarter ended September 2018.
NCC: Board meeting is scheduled on November 13 to consider financial results for the quarter ended September 2018.
Shriram City Union Finance: Banking and Securities Management Committee meeting will be held on November 2 to consider certain terms of the issue, including the size of the issue.
Bombay Rayon Fashions: Extra-Ordinary General Meeting to be held on November 22.
MAS Financial Services: Company has scheduled a conference call with analysts and investors on Thursday November 1, wherein the management will discuss the financial results with the participants.
Triveni Turbine: Board meeting is scheduled on November 1 to consider the unaudited financial results for the quarter and half-year ended September 2018 and also consider a proposal for buy-back of the equity shares.
Sharda Cropchem: Conference call for analyst and investors is scheduled on November 1.
Thomas Cook: Conference call for the analysts and investors is scheduled to be held on November 2.
Shriram Transport Finance: Company's officials will be meeting analysts/investors on October 30, November 1 and 2.
Siemens: Company's officials will be meeting Reliance Nippon Life Asset Management on October 30.

Monday, 29 October 2018

Continue with sell on rise strategy unless Nifty decisively surpasses 10,250

However, a fall below 10,000 opens the room for 9,950-9,700 zone, said Shabbir Kayyumi, Head — Technical & Derivative Research at Narnolia Financial Advisors



Nifty traded weak in the last week and closed with over 2 percent loss. The index witnessed a sell-off on the back of weak global cues. If it manages to sustain and hold above 10,150, then there is the possibility of a bounce-back towards 10,290 and then 10,450 levels.
However, a fall below 10,000 opens the room for 9,950-9,700 zone. One should continue to sell on the rise for lower levels unless benchmark index decisively breaches 10,250 and closes above it.
Since Nifty has closed below its 5-DMA (10,154), it suggests weakness in benchmark index in the very short term. At the same time, Nifty is trading below all of its major moving averages — 20-DMA (10,456), 50-DMA, 100- DMA and 200-DMA (10,770) which is a bearish sign in the medium term.
Hope for the market is Kagi support around 9,998. Moreover, there is specific bullish Wolfe Wave Pattern formation at current junctures. As per the pattern, Nifty should cross 10,550 once it closes above 10,250.
Interestingly, Nifty has rollover at 75 percent in October expiry week, which is the highest in the last six month. Backtesting studies say, whenever such a high percentage of rollover occurs in a downtrend, prices change their previous month’s trend.
The Bank Nifty has a strong support near 24,300. Since last few sessions, the index is trading around 25,400 on higher side and 24,300 on the lower side. Nevertheless, these should provide strong support, unless Bank Nifty decisively trades below it.
Here are five stocks which can give up to 15 percent return:
Can Fin Homes | Rating: Buy | Buy Range: Rs 255-260 | Target: Rs 297| Stop loss: Rs 240 | Upside: 14.2 percent
The stock recently bottomed out around Rs 216 and then rallied over more than 17 percent after the price chart formed a double bottom pattern. The MACD has given bullish crossover in positive territory on the daily chart implying further strength.
Double bottom price break out is expected above Rs 265 and RSI has already given trend line breakout which further confirms its bullish bias. Strong support is seen near Rs 240-245 where congestion zone is seen which suggesting further strength. One can go long the stock around Rs 255-260 with a stop loss at Rs 235 for the target of Rs 297.
Container Corporation | Rating: Buy | Buy at: Rs 588 | Target: Rs 650 | Stop loss: Rs 558| Upside: 10.5 percent
The scrip seems to be bottoming at its lower level of Rs 542 from where it formed morning star on the daily chart suggesting upsurge. RSI seems to be bottoming out from its oversold levels which are giving cues that the stock price can rise.
Rising histogram in MACD in the negative territory suggesting its upside moves in coming sessions. We suggest buying the scrip above Rs 588 for the target of Rs 650 with a stop loss at Rs 540.
Havells India | Rating: Buy | Buy range: Rs 600-605 |Target: Rs 662 | Stop loss: Rs 570 | Upside: 9.5 percent
Prices of Havells has seen a sharp rebound after hitting a low of Rs 540. The Emergence of Head and Shoulders on an hourly chart is giving the possibility of pullback on a higher side in the coming sessions. Moreover, positive crossover in MACD and sustainability of RSI above 50 imply upsurge move.
Breakout is expected to be above Rs 610-613 from where it will increase its velocity. Sustainability of prices above Bullish Belt Hold candle pattern supports bullish bias in the stock. Buy Havells around Rs 600-605 with a stop loss at Rs 570 for the target of Rs 662.
Hero MotoCorp | Rating: Buy | Buy at: Rs 2,767 | Target: Rs 2,940| Stop loss: Rs 2,640| Upside: 6.2 percent
The stock seems to be bottoming at its lower level at Rs 2,648 from where it formed morning star on the daily chart suggesting upswing. The scrip took support from its lower levels as principal of polarity occurred on the daily chart along with oversold RSI. The indicators are giving cues that scrip can take a turn towards positive side.
The principal of polarity can provide a strong support in coming sessions. Aforementioned rationale suggests buying in the scrip above Rs 2,767 for the target of Rs 2,940 with a stop loss of 2,640.
Bajaj Finserv | Rating: Buy | Buy at: Rs 5,465 | Target: Rs 5,775 | Stop loss: Rs 5,200| Upside: 5.67 percent
After hitting the peak of Rs 7,200, the stock has slipped near the low of Rs 4,995 from where the chance of a surge in demand is higher. It has been trading in a rangebound zone of Rs 5,462 and Rs 5,258. As of now, the formation of inverted Head and Shoulders on the hourly chart is giving cues to accumulate this stock at lower levels.
Moreover, monthly parity is seen near Rs 5,300-5,350 and breakout is expected above Rs 5,465. As long as it sustains above Rs 5,200, the possibility of upside is higher and a trader can take entry above Rs 5,465 with a stop loss of Rs 5,200 for the target of Rs 5,775.

Saturday, 27 October 2018

IIFL bets on 8 stocks to brighten up your portfolio

Brokerage house sees an upside of 19-34 percent in these stocks; names such as MindTree, RIL figure in the list.



Aarti Industries, Reliance, Mindtree and Mphasis are among 8 names that IIFL has chosen as its Diwali picks for this year. In their report, analysts have highlighted the challenges faced by the economy and what lies ahead for the market.
The market returned just 4 percent in the past one year, while mid and smallcap indices plummeted 10 and 15 percent, respectively. Positive returns on the Nifty were largely due to names such as Infosys, TCS, Reliance, ICICI Bank and HDFC Bank.
“The carnage in mid and small-cap stocks was caused by selling by mutual funds owing to new categorisation of MF schemes, GSM/ASM circular of SEBI, change in equity taxation, etc. In addition, liquidity crisis led by IL&FS default, was extended to other NBFCs, which were already reeling under increasing interest rate environment,” analysts at the firm wrote in their report.
Among factors to look forward to, it listed crude oil prices, widening spread between bond and earnings yields and recent correction in equity valuations.
Here are its top picks for Diwali of 2018.
Aarti Industries | Rating: Buy | Target: Rs 1,517 | Upside: 19.9 percent
Aarti’s business model is backed by presence across the value chain (final & intermediate products) and strong base in export markets (48% of FY18 revenue). We expect volume growth of 12-15% over FY18-20E.
The company’s multi-year project (10-years and 20-years supply contract) wins worth Rs 14,000 crore provides long-term visibility to generate robust earnings
Also, Aarti being a net exporter (26% of FY18 revenue), is a beneficiary in the rupee depreciation scenario. However, benefits of rupee weakness will flow through in FY20E, after the existing hedges roll off. We expect revenue CAGR of 18% with EBITDA margin expansion by 140bps and PAT CAGR of 24% over FY18-20E.
Biocon | Rating: Buy | Target: Rs 768 | Upside: 19.3 percent.
It said that Biocon/Mylan had received USFDA approvals for Trastuzumab (Ogivri)/Pegfilgrastim (Fulphila) in US and Insulin Glargine (Semglee) in Europe. Ogivri and Fulphila are expected to be launched in Europe over next few months following recent positive CHMP opinion. Fulphila has been launched in US in Q2FY19, while Ogivri launch is expected in H2FY19E
“Biocon’s research subsidiary, Syngene, has tailwinds like rupee depreciation and rising penetration of R&D outsourcing in pharmaceutical R&D spend. Syngene’s revenue/PAT is expected to grow at 27%/30% CAGR over FY18-20E on the back of new client additions, foray in API manufacturing and strong outlook on biologics,” analysts wrote in the report.
Kotak Mahindra Bank | Rating: Buy | Target: Rs 1,380 | Upside: 17.2 percent
The lender continues to be at the forefront of gaining market share in its key businesses. Subsidiaries’ contribution could increase to 40% of consolidated net profit by FY20 (36% in Q1FY19).
The bank would continue to benefit from market share gains and superior profitability & capitalisation against its peers, the brokerage house said.
MindTree | Rating: Buy | Target: Rs 1,081 | Upside: 34.2 percent
In its view, the correction has factored in concerns related to recent softness/macros and reckon that Mindtree is likely to outperform peers like L&T Infotech, Mphasis and Hexaware. Our belief is based on the company’s strong digital capabilities, which resonates well with clients, resulting in higher digital deal sizes
The view is also based on the fact that its large client (in Top 10) issues have bottomed out. Its Top, Top-5 and Top-10 clients have added 50% of the incremental revenues over the past eight quarters. “Led by high growth in top clients, we expect overall revenue CAGR of 23% and EBITDA margin improvement of 300 bps (FY18-20).”
Mphasis | Rating: Buy | Target: Rs 1,328 | Upside: 29.8 percent
The brokerage house said that significant deal wins in new-gen services (across accounts and new clients) provide good revenue visibility and hence, it expects direct core USD revenue CAGR of 14% over FY18-20.
“We project overall revenue and PAT CAGR of 17% and 23% respectively with margins improving by 200 bps over FY18-20 to 18.3%,” the report further added.
Motherson Sumi Systems | Rating: Buy | Target: Rs 293 | Upside: 20 percent
The brokerage is set to achieve FY20 revenue target of USD 18 billion (USD 10 billion FY18) via combination of organic (USD 12-13 billion revenues) and inorganic (USD 5-6 billion) initiatives. At the current market price, the stock trades at 15x FY20E EPS (35% discount to average 10-yr forward PE).
“We believe the recent correction is overdone (30% over past 6 months). We expect consolidated revenue, EBITDA and PAT to register 16%, 29% and 47% CAGR respectively over FY18-20.”
Petronet LNG | Rating: Buy | Target: Rs 256 | Upside: 20 percent
Petronet LNG is set to benefit from 17% capacity expansion at Dahej terminal to 17.5 MMT by FY19 from current 15 MMT. It expects this to aid incremental Dahej volumes of 48 TBTU to 864 TBTU by FY20.
Company does not face the risk of upcoming competition as almost 100% of PLNG’s capacity has use-or-pay contracts along with the competitive tariffs. We expect revenue and PAT CAGR of 16% and 19% over FY18-20 respectively
Reliance Industries | Rating: Buy | Target: 1,310 | Upside: 25 percent
Reliance Industries is expected to witness improvement in petrochemicals segment with refinery off-gas cracker (ROGC) being commissioned and strong polyester & fiber intermediates demand.
The company’s largest petcoke gasification unit at Jamnagar is under commissioning, which is expected to bring full benefit of bottom-of-the-barrel conversion to its refining business. This is likely to improve GRM by up to $2/bbl gradually over FY19E-21E.
JIO continues to surprise with robust subscriber additions and steady improvement in profitability. We estimate steady state revenue market share (RMS) of 43% for Jio.

Friday, 26 October 2018

JSW Steel | CEAT | Yes Bank | Bharti Airtel | Raymond | Biocon | Crompton Greaves

JSW Steel | CEAT | Yes Bank | Bharti Airtel | Raymond | Biocon | Crompton Greaves | Quess Corp | Essar Steel are the stocks which are in news today.

Here are the stocks which are in news today: 

JSW Steel: The company reported a net profit of Rs 2,087 crore for the September quarter.
Heidelberg Cement: Net profit rose 50 percent at Rs 50.1 crore.
CEAT: Net profit falls 17 percent year on year to Rs 63.2 crore.
Bharti Airtel: Net profit at Rs 118.8 crore
Essar Steel: Ruias make an offer to repay Rs 54,389 crore to creditors of Essar Steel
Raymond: Q2 net profit at Rs 65.2 crore.
Biocon: Net profit at Rs 354.7 crore
Crompton Greaves: Firm reports net profit of Rs 77 crore, up 9 percent from previous year.
Quess Corp: Net profit rises 13 percent at Rs 61.6 crore

Thursday, 25 October 2018

Wipro | Yes Bank | Indiabulls Real | Hexaware | InterGlobe | L&T Infotech

Lakshmi Vilas Bank | Wipro | Hexaware | Tata Chemicals | Bharat Financial Inclusion | L&T Infotech | Agro Tech Foods and Geojit Financial are stock which is in the news today.



Results on ThursdayBharti Airtel, Yes Bank, Maruti Suzuki India, BHEL, L&T Technology Services, Varun Beverages, Piramal Enterprises, Quess Corp, Crompton Greaves Consumer Electricals, Liberty Shoes, Kirloskar Industries, HIL, Music Broadcast, Shriram City Union Finance, HCL Infosystems, Intellect Design Arena, Biocon, Kirloskar Brothers, DB Corp, Gallantt Metal, Shalimar Paints, VLS Finance, JSW Steel, JM Financial, Hotel Rugby, CEAT, NIIT, Shriram Transport Finance Company, Punj Lloyd, Rane (Madras), Mastek, Dish TV India, Intellect Design Arena, Ausom Enterprise, Bodal Chemicals, Praj Industries, Banco Products (I), 63 Moons Technologies, Oriental Bank of Commerce, GMM Pfaudler, Kajaria Ceramics, HeidelbergCement India, Jubilant Industries, Aptech, Raymond, SQS India BFSI, Shalby, GMDC, Kewal Kiran Clothing, V-Guard Industries, Bharat Heavy Electricals, Tata Coffee, PVR, GMM Pfaudler.

Bharti Infratel Q2: Profit falls to Rs 599.8 crore versus Rs 638 crore; revenue slips to Rs 3,668.3 crore versus Rs 3,673.5 crore QoQ.
Syngene International Q2: Profit rises 1 percent to Rs 78 crore versus Rs 77 crore; revenue increases 24 percent to Rs 437 crore versus Rs 352 crore YoY.
IDFC Bank Q2: Loss Rs 369.7 crore versus profit at Rs 233.66 crore; net interest income falls to Rs 451.2 crore versus Rs 461.88 crore YoY.
International Paper Q2: Profit jumps to Rs 37.44 crore versus Rs 5.75 crore; revenue rises to Rs 335.90 crore versus Rs 285 crore YoY.
L&T Finance Holdings Q2: Consolidated profit spikes to Rs 560.41 crore versus Rs 337.53 crore; revenue rises to Rs 3,246.3 crore versus Rs 2,596.7 crore YoY.
KPIT Technologies Q2: Consolidated profit rises to Rs 82.57 crore versus Rs 78.6 crore; revenue increases to Rs 1,078.9 crore versus Rs 1,013.84 crore QoQ.
Wipro Q2: IT services revenue grows 6.2 percent QoQ to Rs 14,380 crore; dollar revenue in constant currency terms rises 2.8 percent to $2,041.2 million QoQ.
Wipro Guidance: Company expects revenue from IT Services business to be in the range of $2,028-2,068 million in Q3FY19, a growth of 1-3 percent QoQ.
ION Exchange Q2: Profit jumps to Rs 12.05 crore versus Rs 7.92 crore; revenue rises to Rs 228.82 crore versus Rs 217.08 crore YoY.
Security and Intelligence Services (India) Q2: Consolidated profit falls to Rs 43.78 crore versus Rs 58.91 crore; revenue rises to Rs 1,690.2 crore versus Rs 1,459.96 crore YoY.
SKF India Q2: Profit rises to Rs 84.3 crore versus Rs 73.96 crore; revenue jumps to Rs 766 crore versus Rs 679.81 crore YoY.
Everest Industries Q2: Profit rises to Rs 8.72 crore versus Rs 4.49 crore; revenue increases to Rs 312.75 crore versus Rs 259.06 crore YoY.
Indiabulls Real Estate Q2: Profit jumps to Rs 75.92 crore versus Rs 61.64 crore; revenue surges to Rs 1,040.42 crore versus Rs 470.77 crore YoY.
Mahindra & Mahindra Financial Services Q2: Profit spikes to Rs 381.4 crore versus Rs 164.01 crore; revenue increases to Rs 2,103.3 crore versus Rs 1,517.4 crore YoY.
Hexaware Technologies Q2: Profit rises to Rs 172.1 crore versus Rs 153.57 crore; revenue increases to Rs 1,209.6 crore versus Rs 1,136.7 crore QoQ.
Bajaj Holdings Q2: Profit rises to Rs 764.6 crore versus Rs 743.4 crore; revenue increases to Rs 129.4 crore versus Rs 124.24 crore YoY.
Agro Tech Foods Q2: Profit rises to 9.08 crore versus Rs 8.60 crore; revenue increases to Rs 210.91 crore versus Rs 197.15 crore YoY.
Geojit Financial Services Q2: Profit falls to Rs 5.16 crore versus Rs 16.87 crore; revenue slips to Rs 75.53 crore versus Rs 79.43 crore YoY.
L&T Infotech Q2: Profit jumps to Rs 400.1 crore versus Rs 272.6 crore; revenue increases to Rs 2,331.2 crore versus Rs 2,155.7 crore QoQ.
InterGlobe Aviation Q2: Loss at Rs 652.1 crore versus profit at Rs 551.5 crore; revenue rises to Rs 6,185.3 crore versus Rs 5,290.98 crore YoY.
Tamilnadu Petroproducts Q2: Profit rises to Rs 19.33 crore versus Rs 11.59 crore; revenue increases to Rs 335.18 crore versus Rs 235.91 crore YoY.
Bharat Financial Inclusion Q2: Profit increases to Rs 232.92 crore versus Rs 134.84 crore; revenue rises to Rs 760.10 crore versus Rs 481.69 crore YoY.
Lakshmi Vilas Bank Q2: Loss at Rs 132.30 crore versus profit at Rs 10.50 crore; net interest income falls to Rs 150.95 crore versus Rs 232.74 crore YoY.
West Coast Paper Mills: India Ratings and Research upgraded long-term issuer rating to 'AA-' from 'A+'. The outlook is stable.
Ircon International: The company made an investment of Rs 50 crore in subsidiary Ircon Davanagere Haveri by way of right issue, on top of earlier investment of Rs 54.05 crore.
Tata Chemicals: Company signed a memorandum of understanding (MoU) with CSIR – CECRI (Central Electrochemical Research Institute), Karaikudi to explore collaborative technology scaling up of manufacturing cathode materials for Lithium-ion cells.
Kilitch Drugs (India): Company set to boost its expansion plans in Africa with its first manufacturing plant in Addis Ababa, the capital city of Ethopia.
Noida Toll Bridge: IL&FS appoints advisors for developing and executing a resolution plan.
Quess Corp: Quesscorp Holdings Pte. Ltd., Singapore, wholly owned subsidiary of Quess Corp completed the acquisition of 100 percent equity of Comtel Solutions Pte. Ltd.,Singapore and Comtel Pro Pte. Ltd., Singapore.
Tata Steel: Company announced support for Tata Sponge's entry into steel business and identifies it as the strategic vehicle for acquisition of steel business of Usha Martin.
Bulk Deals
B&B Triplewall: Vikas Bohra bought 1,23,000 shares of the company at Rs 37.75 per share on the NSE.
Den Networks: MSD India Fund sold 29,94,075 shares of the company at Rs 66.77 per share.
Veto Switchgear Cable: Sirsa Deposits and Advances purchased 1 lakh equity shares of the company at Rs 104.48 per share.
Analyst or Board Meet/Briefings
Cochin Shipyard: Board meeting is scheduled on October 31 to consider unaudited financial results of the company for the quarter ended September 2018.
Coromandel International: Investor conference call is scheduled to be held on October 29 in connection with un-audited financial results of the
company for the quarter ended September 2018.
Future Lifestyle Fashions: Board meeting is scheduled on October 31 to consider unaudited financial results of the company for the quarter ended September 2018.
Jayaswal Neco Industries: Board meeting is scheduled on October 30 to consider unaudited financial results of the company for the quarter ended September 2018.
Tata Communications: Board meeting is scheduled on November 1 to consider unaudited financial results of the company for the quarter ended September 2018.
Reliance Home Finance: Board meeting is scheduled on November 1 to consider unaudited financial results of the company for the quarter ended September 2018.
NRB Bearings: Board meeting is scheduled on November 2 to consider unaudited financial results of the company for the quarter ended September 2018.
City Union Bank: Board meeting is scheduled on November 2 to consider unaudited financial results of the company for the quarter ended September 2018.
Essar Shipping: Board meeting is scheduled on November 3 to consider unaudited financial results of the company for the quarter ended September 2018.
Texmaco Infrastructure: Board meeting is scheduled on November 3 to consider unaudited financial results of the company for the quarter ended September 2018.
TVS Motor Company: Company's key officials will be meeting West Bridge Capital on October 25.
Nitesh Estates: Board meeting is scheduled on November 12 to consider unaudited financial results of the company for the quarter ended September 2018.
Thomas Cook: Board meeting is scheduled on November 1 to consider unaudited financial results of the company for the quarter ended September 2018.
Asian Granito India: Board meeting is scheduled on November 14 to consider unaudited financial results of the company for the quarter ended September 2018.
Texmaco Rail and Engineering: Board meeting is scheduled on November 3 to consider unaudited financial results of the company for the quarter ended September 2018.
Umang Dairies: Board meeting is scheduled on November 3 to consider unaudited financial results of the company for the quarter ended September 2018.
RSWM: Board meeting is scheduled on November 13 to consider unaudited financial results of the company for the quarter ended September 2018.
Apollo Hospitals Enterprises: Board meeting is scheduled on November 14 to consider unaudited financial results of the company for the quarter ended September 2018.
SH Kelkar: Board meeting is scheduled on November 1 to consider unaudited financial results of the company for the quarter ended September 2018.
CARE Ratings: Board meeting is scheduled on November 2 to consider unaudited financial results of the company for the quarter ended September 2018.
Advanced Enzyme Technologies: Board meeting is scheduled on November 1 to consider unaudited financial results of the company for the quarter ended September 2018.
Autoline Industries: Board meeting is scheduled on November 2 to consider unaudited financial results of the company for the quarter ended September 2018.
Dishman Carbogen Amcis: Board meeting is scheduled on November 1 to consider unaudited financial results of the company for the quarter ended September 2018.
Sarda Energy: Board meeting is scheduled on November 3 to consider unaudited financial results of the company for the quarter ended September 2018.
Godrej Agrovet: Board meeting is scheduled on November 5 to consider unaudited financial results of the company for the quarter ended September 2018.
Narayana Hrudayalaya: Board meeting is scheduled on October 31 to consider unaudited financial results of the company for the quarter ended September 2018.
Repro India: Board meeting is scheduled on October 31 to consider unaudited financial results of the company for the quarter ended September 2018.
Tilaknagar Industries: Board meeting is scheduled on October 31 to consider unaudited financial results of the company for the quarter ended September 2018.
Symphony: Board meeting is scheduled on October 30 to consider unaudited financial results of the company for the quarter ended September 2018.
Manpasand Beverages: Board meeting is scheduled on October 30 to consider unaudited financial results of the company for the quarter ended September 2018.
Cadila Healthcare: Company has planned investor interaction through a conference call on November 3 post announcement of unaudited financial results for the quarter / half year ended on September 2018.
Bharat Financial Inclusion: Company will hold a conference call with analysts and investors on October 25 to discuss the company's financial performance in Q2-FY19 and way forward.

Wednesday, 24 October 2018

Wipro | HCL Tech | Ambuja | ICICI Pru | Bajaj Auto | Sun Pharma | Salzer Electronics

HDFC Standard Life | Zensar Technologies | Tejas Networks | Bajaj Corp | MCX | Sun Pharma and Bank of India are stocks which are in the news today.



Results todayWiproBajaj Auto, Kotak Mahindra Bank, Bharti Infratel, InterGlobe Aviation, IDFC Bank, Jubilant Foodworks, SKF India, Gallantt Ispat, Menon Bearings, Sundaram Clayton, Bharat Financial Inclusion, Geojit Financial Services, Syngene International, Hexaware Technologies, Rane Engine Valve, KPIT Technologies, Tijaria Polypipes, Bajaj Holdings, Radico Khaitan, International Paper APPM, Indiabulls Real Estate, Security and Intelligence Services (India), Karur Vysya Bank, Larsen & Toubro Infotech, Everest Industries, Mahindra & Mahindra Financial Services, Jyothy Laboratories, Tamilnadu PetroProducts, L&T Finance Holdings, Chemfab Alkalis, Agro Tech Foods, Sterlite Technologies, TTK Prestige, Lakshmi Vilas Bank.

HCL Technologies Q2: Profit rises 5.7 percent to Rs 2,540 crore versus Rs 2,403 crore; revenue increases 7.1 percent to Rs 14,861 crore versus Rs 13,878 crore; dollar revenue grows 2.1 percent to $2,099 million versus $2,054.4 million; revenue in constant currency up 3 percent QoQ. Company maintained its constant currency revenue growth guidance for FY19 at 9.5-11.5 percent and EBIT margin at 19.5-20.5 percent.
VA Tech Wabag secures order in Qatar worth Rs 555 crore
Ambuja Cements Q3: Profit falls 34.4 percent to Rs 178.6 crore versus Rs 272.4 crore; revenue rises 12.6 percent to Rs 2,613.9 crore versus Rs 2,321.8 crore YoY.
Bajaj Corp Q2: Profit rises to Rs 51.65 crore versus Rs 50.71 crore; revenue increases to Rs 212.72 crore versus Rs 204.13 crore YoY.
MCX Q2: Profit jumps 23.2 percent to Rs 35.9 crore versus Rs 29.1 crore; revenue rises 5.6 percent to Rs 71.1 crore versus Rs 67.3 crore YoY.
Adani Ports Q2: Profit falls 39 percent to Rs 605.5 crore versus Rs 992.1 crore; revenue slips 3.6 percent to Rs 2,608 crore versus Rs 2,706.1 crore; forex loss at Rs 570.4 crore versus forex loss of Rs 78.4 crore YoY.
Bajaj Finserv Q2: Consolidated profit rises 0.2 percent to Rs 704.1 crore versus Rs 698.2 crore; revenue increases 17.3 percent to Rs 9,698.1 crore versus Rs 8,266.1 crore YoY.
ICICI Prudential Life Insurance Q2: Profit falls 28.6 percent to Rs 300.9 crore versus Rs 421.2 crore; net premium income rises 16.2 percent to Rs 7,601.2 crore versus Rs 6,539.5 crore YoY.
HDFC Standard Life Insurance Q2: Profit rises 20.3 percent to Rs 287 crore versus Rs 238.5 crore; net premium income jumps 25.8 percent to Rs 6,777.6 crore versus Rs 5,389.4 crore YoY.
Tejas Networks Q2: Profit surges to Rs 33.48 crore versus Rs 26.87 crore; revenue falls to Rs 207.03 crore versus Rs 216.13 crore YoY.
Bayer Cropscience Q2: Profit falls to Rs 142.7 crore versus Rs 190.6 crore; revenue declines to Rs 1,104.1 crore versus Rs 1,232 crore YoY.
Wendt India Q2: Profit increases to Rs 4.6 crore versus Rs 2.65 crore; revenue jumps to Rs 41.61 crore versus Rs 36.93 crore YoY.
Shree Digvijay Cement Q2: Loss at Rs 1.28 crore versus profit at 0.01 crore; revenue rises to Rs 95.27 crore versus Rs 94.28 crore YoY.
Sasken Technologies Q2: Profit falls to Rs 16.89 crore versus Rs 28 crore; revenue slips to Rs 113.08 crore versus Rs 134.27 crore QoQ.
Rallis India Q2: Profit rises 6.1 percent to Rs 87 crore versus Rs 82 crore; revenue increases 11.8 percent to Rs 613.2 crore versus Rs 548.5 crore YoY.
Zensar Technologies Q2: Profit rises to Rs 93.40 crore versus Rs 82.16 crore; revenue increases to Rs 968.71 crore versus Rs 904.56 crore QoQ.
Sun Pharma: Sun Pharmaceutical Industries launched moderate-to-severe psoriasis treatment ILUMYATM (tildrakizumab-asmn) 100 mg/mL in the United States.
Bank Of India: Bank puts 95 accounts with Rs 10,710.22 crore outstanding balance for sale to ARCs/NBFCs/FIs/Bks - CNBC-TV18.
Laurus Labs: Company transferred its USFDA-approved Abbreviated New Drug Application (ANDA) of Tenofovir Disoproxil Fumarate (TDF) to CASI Pharmaceuticals, Inc.
Salzer Electronics: Company has withdrawn its acquisition proposals regarding Dyerseas Companies eAdvanced iD Asia Engineering Co. Ltd, Thailand and United Marketing and Trading Limited, Hong Kong.
Shalby: Shalby Hospitals, Surat (Gujarat) has been granted certificate under pre-accreditation Entry level–Hospitals (PEH) programme for a period of two years, valid upto September 15, 2020 by National Accreditation Board for Hospitals and Healthcare Providers, a constituent Board of Quality Council of India.
Bodal Chemicals: CRISIL assigned A+ long term rating and A1+ short term rating.
Motherson Sumi Systems: India Ratings and Research assigned rating for fund-based working capital limits to AAA/Stable/A1+.
Hi-Tech Gears: Company created a wholly owned subsidiary by the name of Neo-Tech Smart Solutions Inc. in Ontario, Canada.
Bulk Deals
Den Networks: MSD India Fund sold 16,00,790 shares of the company at Rs 66.29 per share on the NSE.
Manaksia Steels: Multiplus Resources bought 3,33,700 shares of the company at Rs 16.54 per share on the NSE.
Analyst or Board Meet/Briefings
Adlabs Entertainment: Board meeting will be held on November 1 to consider unaudited financial results for the quarter ended September 2018.
Arvind: Board meeting will be held on November 1 to consider unaudited financial results for the quarter ended September 2018.
IIFL Holdings: Board meeting will be held on November 1 to consider unaudited financial results for the quarter ended September 2018.
Greaves Cotton: Board meeting will be held on November 1 to consider unaudited financial results for the quarter ended September 2018.
Essel Propack: Board meeting will be held on November 1 to consider unaudited financial results for the quarter ended September 2018.
Alkem Laboratories: Board meeting will be held on November 2 to consider unaudited financial results for the quarter ended September 2018.
Ugro Capital: Board meeting will be held on November 2 to consider unaudited financial results for the quarter ended September 2018.
Plastiblends India: Board meeting will be held on October 29 to consider unaudited financial results for the quarter ended September 2018.
BASF India: Board meeting will be held on October 30 to consider unaudited financial results for the quarter ended September 2018.
Alembic: Board meeting will be held on October 30 to consider unaudited financial results for the quarter ended September 2018.
IRB Infrastructure Developers: Board meeting will be held on October 30 to consider unaudited financial results for the quarter ended September 2018.
Talbros Engineering: Board meeting will be held on October 31 to consider unaudited financial results for the quarter ended September 2018.
Sun Pharma: Board meeting will be held on November 13 to consider unaudited financial results for the quarter ended September 2018.
Ucal Fuel Systems: Board meeting will be held on November 3 to consider unaudited financial results for the quarter ended September 2018.
Quick Heal Technologies: Board meeting will be held on November 12 to consider unaudited financial results for the quarter ended September 2018.
PTC India: Board meeting will be held on November 13 to consider unaudited financial results for the quarter ended September 2018.
Oil India: Board meeting will be held on November 12 to consider unaudited financial results for the quarter ended September 2018.
Grasim Industries: Board meeting will be held on November 13 to consider unaudited financial results for the quarter ended September 2018.
Kirloskar Brothers: An analysts' meet has been organised on October 26 by the company to provide information on results for the quarter and half year ended on September 2018.
Cords Cable Industries: Officials of the company will be meeting investors and analysts (participants) on October 26.
Eveready Industries: Board meeting will be held on November 5 to consider unaudited financial results for the quarter ended September 2018.

HDFC Bank | NBCC | Suzlon Energy | Excel Industries | Dolphin Offshore

HDFC Bank | NBCC | Suzlon Energy | Excel Industries | Dolphin Offshore | IL&FS Engineering are the stocks which are in news today. ...