Monday, 31 December 2018

News of Commodity Market - Share Market Tips - TradeIndia Research

share market tips

कमोडिटी मार्केट को खुले 1 घंटे से ज्यादा हो गए हैं। आज से कमोडिटी बाजार अब रोज सुबह 9 बजे खुलेगा। पिछले 1 घंटे के दौरान नैचुरल गैस में भारी गिरावट आई है और घरेलू बाजार में ये 6 फीसदी लुढ़क गया है। इसका भाव 3 महीने के निचले स्तर पर आ गए हैं। हालांकि कच्चे तेल में तेजी का रुख है और इसका दाम करीब 0.5 फीसदी ऊपर है।

इस बीच सोने में गिरावट आई है। ग्लोबल मार्केट में 6 महीने के ऊपरी स्तर से दबाव से सोने की घरेलू कीमतों पर भी असर पड़ा है। वहीं बेस मेटल में आज तेजी आई है। कॉपर समेत सभी मेटल करीब 0.5 फीसदी ऊपर कारोबार कर रहे हैं। एग्री कमोडिटी में चौतरफा तेजी का रुझान है। कैस्टर, कपास खली, धनिया, चना, जीरा और ग्वार करीब 0.5 से 1 फीसदी ऊपर हैं।

हेम सिक्योरिटीज की निवेश सलाह

कैस्टर सीड एनसीडीईएक्स (जनवरी वायदा): खरीदें - 5100, स्टॉपलॉस - 5020, लक्ष्य - 5220

सरसों एनसीडीईएक्स (जनवरी वायदा): खरीदें - 3900, स्टॉपलॉस - 3840, लक्ष्य -  3990

Saturday, 29 December 2018

Buy for 2019 Exide, PNC Infra | Share Market Tips | TradeIndia Research

We also like FMCG, agriculture, consumer staples & durables, writes Vinod Nair of Geojit Financial Services



Vinod Nair
The month of December, has been very volatile, in fact, a roller-coaster ride for investors. The Nifty50 touched the monthly high of near 11,000 two times and is now moving back to the monthly low of 10,334, playing within a wide range of 6 percent.
This month has been very substantial in-terms of key news and data in the both, domestic and the global Share market. The domestic events such as state elections results, RBI chaos, tumbling oil prices, lower consumer inflation, narrowing trade deficit and good IIP numbers led to volatility.
The market first corrected by 5 to 6 percent in anticipation of a subdued state election result and then reversed completely accepting the in-line result. Recent developments on D-Street such as farm loan waiver and cut in GST rates are having a negative impact on the market.
Though both will have a positive effect on the economy through higher consumption. This populist measures may exert pressure on India’s fiscal and quality of decisions in the near-term.
This risk is increasing given the fact that the Indian economy has slowed down and will get slower in the next 6 months. The revenue from GST has been below par, a further cut in GST rate will have a modest impact on the fiscal slippage but with the populist measures, it can ruin the fiscal further.
A safe space in equity investment during such times is consumptions & IT. We also like FMCG, agriculture, consumer staples & durables.
They have created a good return in the long-term whereas the current headwinds are premium valuation. But, such high valuation will continue as uncertainty increases and disposable income improves given stable outlook.
Here is a list of 3 stocks to buy for the year 2019:
Exide Industries Ltd: Buy
Exide Industries Limited (EIL) is a leader in storage battery business with a market share of 60 percent in India. Its segment includes automotive and industrial lead-acid batteries.
Revenue for the Q2FY19 grew by 15.3 percent on a YoY basis led by healthy volume growth across segments in automobile, inverter and industrial batteries.
EBITDA margin slips by 30 bps due to higher fuel cost and rupee depreciation. Higher lead price and rupee depreciation remain a concern for Exide Industries in the near-term.
However, we remain positive on the long-term outlook of Exide owing to higher acceptance of battery engineering and expect the revenue and the net profit to grow by 15%/16% CAGR over FY18-20E
PNC Infratech Ltd: Buy
PNC Infratech Ltd (PNC) is an infrastructure construction, development and management company. It has expertise in the execution of projects including highways, bridges, flyovers, airport runways, industrial areas, and transmission lines.
PNC’s Q2FY19 revenue grew by 108 percent on a YoY basis led by strong execution of big-ticket orders. EBITDA margin slips 143bps YoY to 13.4 percent due to higher RM cost and other expenses.
Order book remains robust at Rs 10,632 crore which is 5x TTM revenue and provides improved visibility. Most of the projects are now in execution stage with 85 percent land availability, hence we expect revenue to grow at a CAGR of 39 percent over FY18-20E.
PI Industries Ltd: Buy
PI Industries manufactures plant protection & speciality plant nutrient products and solutions under its agri-inputs business.
PI Industries Ltd Q2FY19, sales rose by 29 percent on a YoY basis primarily due to strong domestic and exports sales. EBITDA margin declined by ~317 bps YoY to 18.6 percent due to higher cost and currency fluctuation.
We expect EBITDA margin to recover to 21.8 percent in FY20E supported by improving product mix, niche launches and strong earnings visibility from CSM business.
We expect the net profit to grow by 19 percent CAGR over FY18-20E owing to continued traction in the commercialization of molecules, scale-up of exports, healthy R&D pipeline, commissioning of new plants and robust order book position Hence, we continue to maintain our positive stance on the stock.

Friday, 28 December 2018

Top News at TradeIndia Research | Capital First | DHFL | Tata Global | Lemon Tree Hotels

Share Market Tips | Best Stock Advisory | Live Commodity Tips | Best Share Market News

Tata Global | HCC | Lemon Tree Hotels | Capital First | DHFL and Kansai Nerolac Paints are stocks which are in the news today.



Tata Steel BSL: CARE assigned AA/Stable rating for company's long term bank facilities-term loan worth Rs 21,000 crore, and AA/Stable and A1+ for long/short term bank facilities-fund based/non-fund based worth Rs 5,000 crore.
United Bank of India: Best Share Market News, Central Government to invest Rs 2,159 crore in the equity capital of the bank by preferential allotment.
Kansai Nerolac Paints: Company has entered into Share Purchase Agreement (SPA) to acquire 100 percent equity stake in Perma Construction Aids Pvt. Ltd for Rs 29.10 crore.
Lemon Tree Hotels: Company agreed to enter into a joint venture with Magnolia Grove Investment Ltd, an affiliate of Warburg Pincus group. The JV Hamstede Living Private Limited will construct, acquire, develop, operate and lease short- and long-stay real estate projects, with a primary focus on student housing, co-living for working professionals/adults and multi-family users.
Majesco: The record date for its previously announced rights offering will be January 7, 2019.
Odisha Cement: Board has fixed January 8 as the record date for the purposes of reduction of face value of 5,69,00,220 equity shares of the company from Rs 
10 to Rs 2 each.
Rane Madras: Crisil assigned long term rating A/Outlook-Positive and short term rating A1 for total bank loan facilities of Rs 403 crore.
Corporation Bank: Board appointed P V Bharathi, Executive Director at Canara Bank as Managing Director and Chief Executive Officer of Corporation Bank.
HCC: Company raises Rs 497.58 crore through rights issue.
Frontline Business Solutions: Rahul Saraf - Whole-Time Director of the company is arrested for GST violations in Maxgrow Overseas Limited of which he is the promoter and ex-director.
Selan Exploration Technology: The record date for the purpose of interim dividend has been fixed as January 5, 2019.
Aurionpro Solutions: equity shares of Trejhara Solutions will start trading on the stock exchanges w.e.f. December 28.
Ashoka Buildcon’s board approved raising Rs 150 crore via non-convertible debentures.
WABCO India clarified that the news of Wabco signing $950 million supply pact with commercial vehicle maker is for its parent company and not for the Indian arm.
Corporation Bank appointed Canara Bank’s Executive Director PV Bharathi as its Managing Director and Chief Executive Officer till March 2020.
Bulk Deals on December 27
Capital First: Kotak Mahindra Mutual Fund sold 5,53,600 shares of the company at Rs 587.71 per share on the NSE.
DHFL: BNP Paribas Arbitrage bought 25,47,000 shares of the company at Rs 239.69 per share on the NSE.
Jain DVR Equity Shares: Securities Holdings India Pvt Ltd sold 1,28,153 shares of the company at Rs 50.85 per share on the NSE.
Rajshree PolyPack: Unifi Financial Pvt Ltd purchased 92,000 shares of the company at Rs 105 per share on the NSE.
Tata Global Beverages: UBS Principal Capital Asia Limited sold 52,23,483 shares of the company at a price of Rs 219.88 per share on the NSE.
Selan Exploration Technology: Seetha Kumari sold 1,32,736 shares of the company at Rs 193.87 per share on the NSE.
Analyst or Board Meet/Briefings
Hindustan Media Ventures: Board meeting is scheduled on January 15 to consider the un-audited financial results of the company for the quarter and nine months ending on December 2018.
Container Corporation of India: Company's officials will be meeting Girish Achhipalia, Vice President of Morgan Stanley on December 28.
Jammu & Kashmir Bank: Board meeting is scheduled on January 12 to consider financial results of the bank for the quarter and nine months ended December 2018.
Navin Fluorine International: Board meeting is scheduled on January 23 to consider the un-audited financial results of the company for the quarter and nine months ended December 2018.
Umiya Tubes: Board meeting is scheduled on January 5 to consider the unaudited financial results for the quarter ended on December 2018.
Mahindra Holidays and Resorts: Company's officials will be meeting HDFC Securities and Franklin Templeton on December 28.
Bandhan Bank: Board meeting is scheduled on January 10 to consider the unaudited financial results of the bank for the quarter ending on December 2018.

Thursday, 27 December 2018

Latest News of Money Control | Share Market Tips | Trade India Research


कल के कारोबार में अमेरिकी बाजारों में जोरदार तेजी देखने को मिली। कल डाओ करीब 1100 अंक यानि 5 फीसदी चढ़कर बंद हुआ। ये एक दिन का सबसे बड़ा उछाल था। एसएंडपी 500 इंडेक्स भी कल 5 फीसदी दौड़ा। नैस्डैक भी कल करीब 6 फीसदी चढ़ा। फेड चेयरमैन पर ट्रंप के आर्थिक सलाहकार ने दी सफाई देते हुए कहा कि फेड चेयरमैन पॉवेल की नौकरी 100 फीसदी सुरक्षित है। इस सफाई का बाजार पर जोरदार असर देखने को मिला। आज एशियाई बाजारों की भी अच्छी मजबूती दिख रही है। उधर ब्रेंट क्रूड करीब 8 फीसदी चढ़कर 55 डॉलर के करीब पहुंच गया है। ब्रेंट में नवंबर 2016 के बाद सबसे बड़ा उछाल देखने को मिला है। इन ग्लोबल संकेतों के बीच आज भारतीय बाजारों की शुरुआत जोरदार तेजी को साथ हुई है।
अगर आप शेयर मार्किट टीप्स लेना चाहते है, तो आप ट्रेड इंडिया रिसर्च कंपनी से ले सकते है | 

शुरुआती कारोबार में भारतीय बाजारों में जोरदार तेजी दिख रही है। फिलहाल सेंसेक्स 35960 के पार नजर आ रहा है। वही, निफ्टी 10820 के आसपास कारोबार कर रहा है। आज के कारोबार में दिग्गज शेयरों को साथ ही मिड और स्मॉलकैप शेयरों में भी अच्छी तेजी बनी है। बीएसई का मिडकैप इंडेक्स 0.8 फीसदी की बढ़त के साथ 15,290 के स्तर के आसपास दिख रहा है। वहीं, स्मॉलकैप इंडेक्स भी 0.8 फीसदी की बढ़त के साथ 14545 के स्तर पर नजर आ रहा है।

बैंकिंग शेयरों में भी अच्छी खरीदारी दिख रही है। बैंक निफ्टी 0.64 फीसदी की बढ़त के साथ 27160 के स्तर पर दिख रहा है। आज के कारोबार में आईटी, मेटल, फार्मा, पीएसयू बैंक, रियल्टी और एफएमसीजी शेयरों में जोरदार खरीदारी देखने को मिल रही है। निफ्टी का आईटी इंडेक्स 1.2 फीसदी, मेटल इंडेक्स 1.2 फीसदी, फार्मा इंडेक्स करीब 1 फीसदी, रियल्टी इंडेक्स 0.8 फीसदी और पीएसयू बैंक इंडेक्स 0.9 फीसदी की मजबूती के साथ कारोबार कर रहा है।

फिलहाल बीएसई का 30 शेयरों वाला प्रमुख इंडेक्स सेंसेक्स करीब 310 अंक यानि 0.9 फीसदी की बढ़त के साथ 35960 के स्तर के करीब कारोबार कर रहा है। वहीं एनएसई का 50 शेयरों वाला प्रमुख इंडेक्स निफ्टी 82 अंक यानि 0.8 फीसदी की बढ़त के साथ 10815 के आसपास कारोबार कर रहा है।

Wednesday, 26 December 2018

Sensex plunges 400 points | Nifty around 10,550 | crude oil prices near $50/bbl

All sectoral indices are trading in the red, with maximum cuts visible among automobiles, IT, metals and pharma seeing the most pain.

Benchmark indices extended losses in late morning deals amid global growth concerns. The 30-share BSE Sensex fell 409.43 points or 1.15 percent to 35,060.72 and the 50-share NSE Nifty plunged 113 points or 1.06 percent to 10,550.50.
The broader markets hit badly compared to benchmark indices as the Nifty Midcap and Smallcap indices were down more than 1.6 percent each.
About four shares declined for every share rising on the BSE.

Maruti Suzuki To Proactively Recall 5900 Super Carry Vehicles
With customer safety as its top priority, Maruti Suzuki India announced to proactively and voluntarily undertake a recall campaign for certain Super Carry vehicles. "Recall campaigns are undertaken globally to rectify faults that may be potential safety defects."
The company said it would inspect a possible defect in fuel filter of 5900 Super Carry vehicles manufactured between 26th April 2018 and 1st August 2018. This also include vehicles in which fuel filter has been replaced in field during this period.

JUST IN | Bank of Baroda will be seeking shareholder nod for issuing 10 crore fresh shares to employees and directors on January 21. 

UPDATE | Lupin shares slipped nearly 2 percent in morning on Wednesday after global brokerage house PhillipCapital has reiterated sell call on the stock with a target price at Rs 670, implying 20 percent potential downside.
The research house expects company's Q3FY19 earnings to remain weak and estimates 22 percent YoY decline in earnings.
"Growth challenges in US on price erosion & competition is a concern while key plants are under warning letter & will impact approval rate for near future," PhillipCapital said.
The pharma major had reported a massive 41.2 percent fall in September quarter profit to Rs 268.5 crore, dented by lower operating income and US business.
BUZZING STOCK Shares of Hindustan Unilever were down around 2 percent as investors reacted to a penalty being imposed on the company. 
The National Anti-Profiteering Authority (NAA) has slapped a hefty penalty of Rs 383 crore on consumer goods major Hindustan Unilever Ltd (HUL) on the ground of not passing benefits of GST rate cuts to consumers.
The company had earlier this year voluntarily submitted Rs 160 crore - an amount significantly lower than the government's calculation - as the profiteering amount to the government.
As per GST rules, 50 percent of the amount profiteered or Rs 191.68 crore is required to be deposited by the company in the central consumer welfare fund (CWF), while the balance amount is to be deposited in the CWF of concerned states where the company sold its products.

Tuesday, 25 December 2018

Markets likely to perform 'better' in 2019 | SMC Global bets on 6 largecaps | 4 midcaps

To tide the volatility, investors can spread investments over months and remain invested for at least three years: SMC Global Securities

share market tips


Markets appear to be much better in Year 2019 compared to the behaviour we saw in year 2018. Two important variables among others that went negative for Indian markets were rise in crude prices and consistent selling by foreign institutional investors (FII).
And now both of these factors appear to be in favour and will support the markets. If one sees the performance of the Indian markets as compared to other emerging markets, Indian markets have certainly outperformed by a margin on year to date basis and the reason is attributed to the large flows coming through our domestic institutions.
On the global economy side, trade war worries and global growth slowdown as evinced by economic data which is even voiced by major central banks may add to volatility in the markets in 2019. All these may lead to lower pace of tightening or pause by central banks to support growth in their respective economies like US Federal Reserve, European Central Bank, etc. which in turn my support markets.
However, planned interest rate hikes by Fed (now projected two hikes instead of three in 2019) and planned balance sheet reduction may affect FII flows in emerging markets thus adding to volatility. Trade worries and negotiations may continue for long between US and China thus adding volatility to the markets.
Back at home, investors would be eyeing the general elections outcome in 2019. Historically it has been seen elections may play out well for the consumption side and consumer discretionary side on account of rural focus and populism.
We are looking at 10 themes that will be played out during the year. A strong consumer loan growth and rising real income will be an advantage with respect to consumer discretionary. Also a turn in capital expenditure and public capex remaining strong will boost the growth in the economy. Even loan growth prospects are looking up as the economy gathers pace. The NPA situation in the Indian banking system has been stabilising and the bankruptcy processes are gaining pace.
Going forward, the recognition of and the quick pace of resolution for non-performing assets will continue to strengthen Indian banks over the next few years.
The advice to investors to tide the volatility in the markets is to spread investments over months and remain invested for three years or more.
We selected top 10 stocks for 2019 - Reliance Industries, ITC, ICICI Bank, Bajaj Finance, M&M, UPL, Indian Hotels, L&T Technology, Torrent Power and KEC International - which could return 15-28 percent.

Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.
Disclaimer: The views and investment tips expressed by investment expert on moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions


Monday, 24 December 2018

HFCL | Unichem Labs | Tata Sponge | Petronet LNG | Power Grid | PVR | GE Power India

Tata Sponge Iron | Petronet LNG | Power Grid Corporation of India | GE Power India | InterGlobe Aviation and Hatsun Agro Product are stocks which are in the news today.

Share Market Tips


Himachal Futuristic Communications: Company has received two contracts totalling Rs 148 crore from L&T to execute the telecommunication systems projects for the Mauritius Metro Express Project and for the Dhaka Metro Mass Rapid Transit System.
Fortis Healthcare: The market regulator has ordered Singh brothers and others to repay Rs 403 crore with interest within 3 months.
Reliance Industries: Company completed acquisition of 5.56 percent strategic stake in Vakt Holdings Limited, UK.
EPC Industrie: Board approved change in the name of the company from EPC Industrié Limited to Mahindra EPC Irrigation Limited.
Unichem Laboratories: Company has received ANDA approval from USFDA for Pramipexole Dihydrochloride tablets, which are indicated for the treatment of Parkinson's disease.
Piramal Enterprises: ICRA enhanced its credit rating AA (Stable) limit from Rs 11,100 crore to Rs 14,100 crore for non-convertible debentures instruments.
Adani Enterprises: Company incorporated a wholly owned subsidiary (WOS) namely, Adani Water Limited.
Strides Pharma Science: India Life Sciences Fund III advised by ICP-III Investment Advisors has partnered with Strides and the said transaction has achieved closure on December 20, 2018.
Hinduja Global Solutions: HGS AxisPoint Health LLC, USA, a step down subsidiary of the company has entered into definitive agreements for sale of several US Nurse Advice Line service contracts to Infomedia Group, Inc, USA, (doing business as 'Carenet Healthcare Services').
Taneja Aerospace & Aviation: V Vijay has resigned from the post of Chief Financial Officer of the company.
Tata Sponge Iron: ICRA downgraded the long term ratings assigned to the fund based bank limits, and re-affirmed the short term rating assigned to the non-fund based bank facilities of the company.
Petronet LNG: At the request of IOCL, BPCL, GAIL and GSPC, the sale and purchase agreement with RasGas of Qatar (LNG Supplier) for supply of an additional 1 MMTPA of LNG for onward sale to these companies has been re-structured by having direct arrangement between the LNG supplier and the Indian entities w.e.f. January 2019 wherein Petronet will now continue to provide the storage, receiving and regasification services for the above mentioned contract but will not be the buyer of LNG.
Escorts: Joint venture company Optunia Power Infrastructure Private Limited has presently been funded by joint contribution of Rs 60 crore to the equity share capital of the JVC by both the JV Partners i.e. Tadano Limited, Japan and Escorts Limited in the ratio of 51 percent and 49 percent respectively. The JVC shall manufacture rough terrain cranes and truck mounted cranes.
State Trading Corporation of India: Rooma Nagrath is appointed as Chief Financial Officer of the company.
IL&FS Engineering and Construction Company: Rail Vikas Nigam Limited terminated contract with the company for construction of seven stations including related works from Sub - CBD-1 to Titumir in New Garia- Airport Metro Corridor of Kolkata Metro Railway.
Power Grid Corporation of India and REC: Power Grid acquired Jawaharpur Firozabad Transmission Limited (JFTL), the project SPV to establish transmission system for evacuation of power from 2 x 660 MW Jawaharpur Thermal Power Project and construction of 400 kV substation at Firozabad along with associated Transmission Lines, on build, own, operate and maintain (BOOM) basis from REC Transmission Projects Company Limited.
GE Power India: Consortium of GE Power India Limited, GE Hydro France, GE Renewable Malaysia Sdn. Bhd. and Sinohydro Corporation (M) Sdn Bhd has been awarded the order for the Main Electrical and Mechanical Works for the 1285MW Baleh Hydroelectric Project in Sarawak, Malaysia by SEB Power Sdn. Bhd, for a total value of approximately MYR 595 million and $159 million. The value of the order for the company is approximately $98.4 million exclusive of taxes (i.e. approximately Rs 689 crore).
Lumax Auto Technologies: Company considered and approved a Scheme of Merger between the company and Lumax DK Auto Industries Limited (LDK), its wholly owned subsidiary.
Coffee Day Enterprises: Company has incorporated a wholly-owned subsidiary, Coffee Day Kabini Resorts Limited.
Essel Propack: Company has paid interest to non-convertible debenture (NCD) issued by the company amount to Rs 50 crore.
Axis Bank: Rajiv Anand, Executive Director - Retail Banking, has taken over as the Executive Director - Wholesale Banking of the bank.
Avenue Supermarts: Company has issued commercial paper of Rs 50 crore.
InterGlobe Aviation: Company has signed a codeshare and mutual cooperation agreement with Turkish Airlines.
SBI: The bank approved allotment of subordinated, unsecured Basel III compliant additional Tier I Bonds worth Rs 2,045 crore.
Gammon India: The Bombay High Court has disposed off a winding up order filed by SBI against the company.
Amtek Auto: Sebi imposes Rs 15 lakh fine for failing to meet bond redemption deadline.
Inox Leisure: Company has commenced the commercial operations of a Multiplex Cinema Theatre taken on Lease basis, in Kolkata. Inox is now present in 67 cities with 134 Multiplexes, 546 screens and a total seating capacity of 1,31,310 seats across India.
Info Edge: Company has invested, through its wholly-owned subsidiary, about Rs 28 crore in Nopaperforms Solutions Pvt. Ltd. The aggregate shareholding of the company, post this investment, in the said entity would be 48.1 percent on fully converted & diluted basis.
Hatsun Agro Product: CRISIL has upgraded long term loan rating from A/Stable to A+/Stable and reaffirmed short term loan rating as A1 for the bank loan facilities of Rs 1,180 crore.
PVR: Board approved issue of equity shares to qualified institutional placement for an aggregate amount not exceeding Rs 750 crore.
Balaji Amines: India Ratings & Research Private Limited has upgraded company's Long-Term lssuer Rating to`AA-'from`A+'.The outlook is stable.
Rajath Finance: Board approved the proposal for sale of the office premises of the company, situated at 208-2015, Star Plaza, Phulchhab Chowk, Rajkot.
FCS Software Solutions: Company has increased its stake in four subsidiaries upto 100 percent to make them its wholly owned subsidiaries.
Vardhman Industries: Board fixed January 3, 2019 as the record date to suspend trading of the equity shares of the company to later delist the company in accordance with the resolution plan.
Hinduja Ventures: Investment Committee of the company accorded its approval to make an aggregate investment of Rs 3.5 crore by subscribing to 2,29,209 equity shares of HLFL offered to the company on rights basis at a price of Rs 153 per share.
Bulk Deals on December 21
NSE
AU Small Finance Bank: The Vanguard Group Inc A/C Vanguard Emerging Markets Stock Index bought 15,69,292 shares of the company at Rs 637.08 per share.
Fiem Industries: Morgan Stanley France SAS purchased 1,08,022 shares of the company at Rs 560 per share while Blackrock India Equities (Mauritius) sold 1,31,471 shares at Rs 560.05 per share.
GSS Infotech: Profin Commodities Private Limited bought 1,00,000 shares of the company at Rs 134.22 per share.
VA Tech Wabag: Norges Bank on Account of the Government Pension Fund Global purchased 9,00,000 shares of the company at Rs 270.1 per share while Goldman Sachs India Fund sold 8,67,665 shares at Rs 270.1 per share.
BSE
HealthCare Global Enterprises: The Pabrai Investment Fund II LP sold 9,23,000 shares of the company at Rs 198.05 per share and The Pabrai Investment Fund IV LP sold 12,08,400 shares at Rs 198.05 per share while Sundaram BNP Paribas Mutual Fund bought 10,91,191 shares at Rs 198.05 per share.
Arshiya Limited: MSD India Fund sold 26,91,369 shares of the company at Rs 21.36 per share.
Analyst or Board Meet/Briefings
Hinduja Global Solutions: Company has arranged a Conference call on December 26 to discuss the sale of Nurse Advice Line service contracts of HGS AxisPoint Health LLC, USA to Infomedia Group Inc, USA / Carenet Health Services.
Meera Industries: Extra-ordinary general meeting to be held on January 16, 2019.
Selan Exploration Technology: Board meeting is being convened on December 27 to consider interim Dividend for the financial year 2018-19 and buyback of the equity shares of the company.
HBL Power Systems: Board meeting is scheduled on February 11 to consider the unaudited financial results(standalone) for the quarter ending on December 31, 2018.
Piramal Enterprises: Board meeting will be held on December 27 to consider the issue or secured non-convertible debentures on private placement basis.
IIFL Holdings: Company's officials will be meeting Creador India on December 26 and Fidelity Management & Research Company on January 4, 2019.
Mahindra Logistics: Company's officials will be meeting Nikko Asset Management and Reliance Life Insurance on December 24, and Elara Capital on January 4, 2019.
Mphasis: Board meeting is being scheduled on January 24 to consider the audited financial results of Mphasis Limited and the Group for the quarter ending December 2018.
Colgate-Palmolive (India): Board meeting will be held on January 24 to consider the unaudited financial results of the company for the quarter ending December 2018.
Greaves Cotton: Company's officials will be meeting Renaissance Investment Managers and UBS Securities India Pvt Ltd on December 26.

Saturday, 22 December 2018

20 BSE 500 Stocks Crashed 60-90% in 2018

The performance of broader space seems to be on expected lines as experts had predicted



Benchmark indices are heading towards a positive close for yet another year, but it is exactly opposite for broader markets in 2018.
The BSE Midcap index plunged 13 percent year-to-date in 2018 and Smallcap crashed 23 percent. Even the BSE 500 fell 2.4 percent but the BSE Sensex climbed 7 percent on top of 28 percent rally in the previous year.
The performance of broader space seems to be on expected lines as experts had predicted.
Midcap and small cap stocks have underperformed significantly in 2018 due to range of factors including high valuations, corporate governance issues, higher crude prices, cost inflation, mixed earnings, higher interest rates, demand slowdown, liquidity crunch, etc. leading to earnings disappointment and valuation de-rating.
Nearly 80 percent stocks in the BSE 500 index itself were in the negative terrain, of which 20 stocks crashed in the range of 60-90 percent which is quite bad compared to index correction.
Such a steep correction sent some of these stocks into single digit in price compared to double and triple digits price earlier.
The list of top 20 wealth destroyers in BSE 500 included Kwality, IL&FS Transportation Networks, 8K Miles Software Services, PC Jeweller, Manpasand Beverages, Jaiprakash Associates, Jet Airways, Jindal Stainless, Shankara Building Products, Infibeam Avenues, Vodafone Idea, SREI Infrastructure Finance etc.

In the midcap space also, nearly 80 percent stocks were in the red. Of which, top 20 stocks plunged between 35 percent and 62 percent but they still available in double to triple digits in price.
Some of which were DHFL, Motilal Oswal Financial Services, NBCC (India), HUDCO, Wockhardt, Bank Of India, SAIL, Sun TV Network, NLC India, Emami, Indian Bank etc.

Smallcap took a bigger hit than midcaps. Out of the total 840 midcap stocks, more than 650 stocks fell in double digits and the worst 20 stocks corrected 79-94 percent.
It included stocks like Ashapura Intimates Fashion, Bombay Rayon Fashions, GTL Infrastructure, Rolta India, Adlabs Entertainment, Punj Lloyd, Atlanta, LEEL Electricals etc.

Friday, 21 December 2018

Sensex could hit 45,000 in 2019 | Nifty likely to touch 12,000 | TradeIndia Research

Almost 50 percent of the poll respondents feel that the S&P BSE Sensex is likely to hover in the range of 40,000-45,000, according to a Moneycontrol poll.



If 2018 was to be summarised in just one word, it would be termed ‘eventful’. Even though bears tried to bring down the market, benchmark indices are expected to close the year in positive with single-digit returns.
The momentum is likely to continue in 2019, despite the overhang of general elections, a poll showed.
The S&P BSE Sensex, which has risen 7 percent so far in 2018, is on track to hit Mount 40K in the year 2019 and may even touch levels closer to 45,000, according to a poll conducted by Moneycontrol.
We spoke to 15 analysts, fund managers and money managers to assess the investor sentiment on the Street and get some idea of what to expect in 2019.
Almost 50 percent of the poll respondents feel that the S&P BSE Sensex is likely to hover in the range of 40,000-45,000, while 43 percent feel it could move in the 35,000-40,000 range, and the rest 7 percent are of the view that the index will hover around 35,000 and may even dip below the same.

Similarly, for Nifty, 47 percent of the poll respondents feel the index is likely to break the 12K barrier and surge to new high above 12,500 in 2019, 33 percent are of the view that the range will be around 11,000-12,000, and the rest 20 percent feel that Nifty is likely to hover in 10,500-11,000 range.


One big headwind for Indian market in 2019 will be the upcoming Lok Sabha elections which will push investors on the sidelines as volatility will rise. However, investors should use the dips to buy quality stocks.
Almost 47 percent of the poll respondents feel that Modi will return as the Prime Minister in 2019 but it will be as a coalition, while 33 percent feel that BJP will come back to power with full majority, and the rest 20 percent preferred not to comment.
“Markets will remain extremely volatile due to the election outcome. It is hard to predict which party will win or lose, but in any case, market will make extreme moves in the short term which will be irrational and therefore, a contra position, if any, could be taken,” Jimeet Modi, Founder & CEO, SAMCO Securities & StockNote told Moneycontrol.
“Volatility in an election year is an investors’ best friend for someone willing to take a 5-year view from one election to the next,” he said.
Results in the assembly elections of three key states i.e. Rajasthan, Madhya Pradesh, Chhattisgarh put Congress in a leading position. BJP was the ruling party in all three states.

Thursday, 20 December 2018

Global growth a concern | bullish on Indraprastha Gas | TradeIndia Research

Favourable global cues viz. falling crude oil prices and easing trade war tensions between the US and China are also proving favourable to the Indian market.



The market has strongly bounced back from the December-lows leaving concerns of BJP losing state election and RBI Governor resigning. Post the appointment of new RBI Governor, investors are hoping to see a change in the RBI’s monetary policy stance from neutral to accommodative in 2019.
Favourable global cues viz. falling crude oil prices and easing trade war tensions between the US and China are also proving favourable to the Indian market.
On the domestic front, the retail inflation of the country softened to 16-month low and IIP rose to almost one-year high in October 2018 adding more to the positivity.
However, the world’s second largest economy ‘China’ has started to show signs of weakness with slowest retail sale growth in 15 years and weakest factory output in three years.
Also, the Eurozone business growth plummeted to a four-year low in December which might have an impact on global equities and commodity market.
Here are the stocks we are bullish on:
Pidilite Industries | Rating: Buy | Target: Rs 1,345
The company, having a leadership status in adhesives and sealants market is now eying the similar position in waterproofing & Flooring business which is currently very small (approx. 5% of revenues) as compared to its traditional business. Its key brands in this segment includes Dr. Fixit and Roff
The overall market for waterproofing & Flooring in India is expected to grow to more than Rs 5,000 Crores by 2025 which is currently less than Rs 2,000 Crores.
With broader domestic economy set to witness growth after prolonged slowdown especially in construction sector, the heightened volatility in the crude oil prices impacted the margins in the quarter.
Pidilite Industries Limited has reported a growth of 14.9% in its consolidated revenues to Rs 1,757 Cr in Q2-FY19 as against Rs 15,299 in Q2-FY18.
Aarti Industries | Rating: Buy | Target: Rs 1,600
One of the global leaders in benzene-based chemistry through its process chemistry and scale-up engineering competencies, Aarti Industries’ revenue and profit are expected to grow at 20% and 22% CAGRs over FY18-21, driven by scale-ups in its specialty chemical and pharmaceutical businesses and the new toluene capacity.
For Q2 FY19, Aarti’s revenue shot up 46.4% y/y to Rs 1,290 Cr, chiefly due to strong volume growth and the increasing share of high-value products.
The specialty chemicals, pharmaceuticals and home- and personal-care divisions brought respectively 80.0%, 14.8% and 5.2% to revenue. The good performance and higher capacity utilisation boosted the EBIDTA margin 58bps y/y to 18.6%. Thus, due to the good operational performance, PAT swelled 56.6% y/y to Rs. 120 Cr.
Its capex of about Rs 1,700 crore in the next three years, strong operating performance of all divisions, focus on R&D and strong relationships with clients would shift growth to a higher trajectory in future.
We maintain our Buy rating, with a target price of Rs 1,600 a share. At this price, the stock is valued at a PE of 31x FY19e and 21x FY21e.
Indraprastha Gas (IGL) | Rating: Buy | Target: Rs 319
Incorporated in 1998, Indraprastha Gas (IGL) took over the City Gas Distribution (CGD) project from GAIL (India). IGL is a JV between GAIL (India) and Bharat Petroleum Corporation (BPCL) where each of the two holds 22.5%.
The company is into retail gas distribution business and provides Compressed Natural Gas (CNG) to vehicles and Piped Natural Gas (PNG) to domestic and industrial/commercial consumers in Delhi and NCR.
Environmental concerns in Delhi have brought to the fore the urgency of using cleaner fuels, which puts IGL in a sweet spot. IGL has a unique identity of a company with a rare mix of volume growth and strong margins, supported by relatively lower natural gas prices and supportive governmental initiatives.
We expect the volume growth momentum to continue for the company as State government will add 2,000 new buses in FY19, and expansion of its pipeline network in the new areas- Karnal, Rewari and part of Gurugram will add volumes 2HFY19 onwards.
At CMP the stock is trading at 17.3x FY19E earnings and 15.5x FY20E earnings respectively. We recommend a BUY on the stock with a target price of ₹319 per share.

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