Friday, April 23, 2010
सेन्सेक्स (17694.20) 120.21 अंक चढ्कर, नीफ़्टी (5304.10) 34.75 अंक चढ्कर, बंद..
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SELL NIFTY ( 5285) SL ( 5320) TARGET ( 5251)
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European markets update: FTSE Index up 0.2%, CAC Index down 0.2% and DAX Index up 0.3%
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Dividend for Stocks and Ex Dates from April 23rd 2010 to May 5th 2010
| Bse Code | Company Name | Ex-Date | Rs. |
| 500790 | Nestle India | 4/23/2010 | 22 |
| 532281 | HCL Tech | 4/26/2010 | 1 |
| 532200 | State Bank Mysre | 4/26/2010 | 10 |
| 500123 | Elantas Beck | 4/28/2010 | 4.5 |
| 507488 | GM Breweries | 4/28/2010 | 2 |
| 501061 | State Bank BikJpr | 4/28/2010 | 14 |
| 506894 | Chemfab Alk | 4/29/2010 | 2.5 |
| 505537 | Zee Entert | 4/29/2010 | 2 |
| 500002 | ABB | 5/3/2010 | 2 |
| 500413 | Thomas Cook | 5/4/2010 | 0.4 |
| 506820 | Astrazeneca Phar | 5/6/2010 | 10 |
| 500043 | Bata India | 5/6/2010 | 3 |
India Infoline : Our delivery call now trading at 116.60
BUY CALL GIVEN AT 109.90
HOLD FOR NEXT WEEK
TARAGET 124 ++
save this message..
Results Today
Results to be Announced today April 23rd 2010
FIIs were net buyers of Rs5.18bn on Thursday on a provisional basis. Local funds were net buyers of Rs1.82bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers of Rs8.58bn. On Wednesday, FIIs were net buyers of Rs2.65bn in the cash segment, as per the SEBI web site.
Corporate Snippets
SBI mulls issue of bonds to institutional and retail investors for raising funds which would be redeemed by the Government on maturity. (FE)
Atlas Energy Inc along with Reliance Industries plans to buy 42,344 acres in the gas-rich Marcellus shale. (BS)
ICICI Bank has cut home loan rates by bringing back its old teaser home loan rate product till the end of the month. (ET)
TCS sets sights on onsite work again with the return of discretionary technology spending. (FE)
L&T plans to realign its electrical and electronics business division with its wholly-owned subsidiary in power equipment manufacturing, L&T Power. (BS)
ArcelorMittal has proposed a JV with SAIL to set-up integrated steel plant near latter’s existing facility in Bokaro, Jharkhand. (ET)
Atlas Energy Inc along with Reliance Industries plans to buy 42,344 acres in the gas-rich Marcellus shale. (BS)
ICICI Bank has cut home loan rates by bringing back its old teaser home loan rate product till the end of the month. (ET)
TCS sets sights on onsite work again with the return of discretionary technology spending. (FE)
L&T plans to realign its electrical and electronics business division with its wholly-owned subsidiary in power equipment manufacturing, L&T Power. (BS)
ArcelorMittal has proposed a JV with SAIL to set-up integrated steel plant near latter’s existing facility in Bokaro, Jharkhand. (ET)
Thursday, April 22, 2010
सेन्सेक्स (17573.99) 101.43 अंक चढ्कर, नीफ़्टी (5269.35) 24.45 अंक चढ्कर, बंद..
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Zensar Tech recommends dividend of Rs5.50 per share
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India may raise iron ore export tax to 20%
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European markets are trading flat in the opening trades
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Company Results for April 22nd 2010
Results Today
ACC. Ambuja Cements, Escorts, Gujarat Gas, Indiabulls Power, M&M Financials, Nestle India, Rallis India, Sasken, Sterlite Technologies, Strides Arcolab, Tata Sponge, Wipro and Zensar.
Binani Cement
Shares of Binani Cement shot up by over 8% to end at Rs85.6 after the company announced that it will consider a plan to buy back shares on April 23. The scrip opened at Rs80 it touched an intra-day high of Rs87 and a low of Rs80 and recorded volumes of over 1.1mn shares on BSE.
SpiceJet
Shares of SpiceJet surged by 1.5% to end at Rs58.65 after reports stated that the low-cost carrier is looking to raise "around" US$75mn selling shares to select investors. The scrip opened at Rs58.4 it touched an intra-day high of Rs59.8 and a low of Rs58.4 and recorded volumes of over 2.5mn shares on BSE.
Orchid Chemicals
Orchid Healthcare, the US arm of Orchid Chemicals has received USFDA approval for generic modafinil, according to reports. The US regulator has approved Orchid's generic modafinil oral tablets of strength 100 mg and 200 mg. Modafinil is an analeptic drug that stimulates the central nervous system, and is for the treatment of symptoms of fatigue and excessive daytime sleepiness in narcolepsy.
Unitech
Shares of Unitech surged by over 2.5% to end at Rs85.5 after over 20mn equity shares of the company changed hands in multi days. The trades were reportedly done between an average price of Rs86-87 per share. The company approved separating its infrastructure and telecommunications units. MD Sanjay Chandra was quoted as saying that the company expects the demerger of its infrastructure unit to take four to six months and Unitech Infra Ltd. may be listed on bourses by the end of the year, Chandra added.
For every one share held in Unitech Ltd, shareholders will get one share of the new firm Unitech Infra Ltd, to be listed on the stock exchanges.
Unitech Infra will house the property firm's infrastructure businesses including telecoms, management of amusement parks, construction business, hotels, special economic zones. The company also announced that its board approved constituting a committee to explore potential local and overseas acquisitions.
For every one share held in Unitech Ltd, shareholders will get one share of the new firm Unitech Infra Ltd, to be listed on the stock exchanges.
Unitech Infra will house the property firm's infrastructure businesses including telecoms, management of amusement parks, construction business, hotels, special economic zones. The company also announced that its board approved constituting a committee to explore potential local and overseas acquisitions.
FIIs were net buyers of just Rs829.6mn on Wednesday on a provisional basis. Local funds were net buyers of Rs252.5mn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers of Rs4.73bn. On Tuesday, FIIs were net buyers of Rs325mn in the cash segment, as per the SEBI web site.
Pre Market Commentary ...
Looks like the ongoing consolidation in the domestic market and erratic global cues are making the bulls sweat for every penny. Making money in a largely lackluster market seems to have become a little tough. Also, the fact that we have had such a huge rally since March 2009 will always act as a deterrent. After touching two-year highs recently, the key indices have been drifting in a narrow range.
Global markets have been a bit volatile of late although the US indices are trading near or above 18-month highs. Headline risk still prevails due to lingering concerns over sovereign debt issues in Europe. Anemic recovery in the US and China’s tightening are among the other notable pressure points.
Back home the main worries are tied to inflation and its fallout on monetary policy. In the immediate future, monsoon will play some sentimental role in driving the sentiment. Today we expect a flat to slightly higher start. Thursday was a day of large caps as fund flows improved. In a time of uncertainty one should stick with the best and the brightest while dumping the laggards.
Technically, the NSE Nifty has support at 5200 and resistance at 5300. It can rise to 5400 provided FII inflows are strong and global markets are supportive. At the same time, there is always a chance of a small correction, but no need to panic. Bulls are still lacking in conviction so we continue to advise caution. Wait till the market breaks out of its current range and the global scenario changes for the better.
Corporate Snippets
TCS has announced a global engineering service partnership with Rolls-Royce. (ET)
L&T Power, a subsidiary of L&T, to ramp up boiler, turbines, generators and balance of plant business from 4,000mw to 6,000mw by 2012. (BL)
Unitech to list demerged infra division by December 2010. (BS)
Videocon Industries may sell its 26% stake in the telecom ventures to foreign investors. (ET)
Glenmark has won a favorable legal verdict in US over a cholesterol drug case with Merck. (ET)
Goldman Sachs fraud case not to hit business says TCS. (ET)
Unitech Infra the demerged arm of Unitech will bid for infrastructure projects in road, power and airports. (ET)
Orient Green Power a subsidiary of Shriram EPC files DRHP for an IPO. (ET)
L&T Power, a subsidiary of L&T, to ramp up boiler, turbines, generators and balance of plant business from 4,000mw to 6,000mw by 2012. (BL)
Unitech to list demerged infra division by December 2010. (BS)
Videocon Industries may sell its 26% stake in the telecom ventures to foreign investors. (ET)
Glenmark has won a favorable legal verdict in US over a cholesterol drug case with Merck. (ET)
Goldman Sachs fraud case not to hit business says TCS. (ET)
Unitech Infra the demerged arm of Unitech will bid for infrastructure projects in road, power and airports. (ET)
Orient Green Power a subsidiary of Shriram EPC files DRHP for an IPO. (ET)
Wednesday, April 21, 2010
सेन्सेक्स (17472.56) 11.98 अंक चढ्कर, नीफ़्टी (5244.90) 14.80 अंक चढ्कर, बंद..
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European markets update: FTSE and CAC Index up 0.2% and DAX Index up 0.3%
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Results Today:
HCL Tech, Hindustan Zinc,
Infotech Enterprises,
Polaris Software, TVS Motor,
United Spirits
and Zee News.Company Results to be declared today April 21st 2010
| Company Results for April 21st 2010 | |||
| Aries Agro | Essar Sec | Infotech Enter | STC |
| Bio Green Inds | Foseco India | Pan Electronics | Transchem |
| Can Fin Homes | HCL Tech | Pennar Inds | TVS Motor |
| Concurrent India | Hindustan Zinc | Polaris Soft | United Spirits |
| Zee News | |||
All Swing CALLS.. with strict stop loss
TCS
TCS slipped sharply after opening with smart gains, the stock erased all its early gains and ended lower by 2.8% at Rs790. The company reported its consolidated financial results according to Indian GAAP for the quarter and financial year ended March 2010.
For the fourth quarter ended 31st March 2010, net profit stood at Rs20.01bn up 50.1% YoY and 9.7% QoQ. The revenue stood at Rs77.38bn up 7.9% YoY and 1.17% QoQ. The operating profit stood at Rs21.65bn up by 29.1% YoY. For the financial year ended 31st March 2010, net profit stood at Rs70.01bn up 33% and operating profit stood at Rs80.18bn up by 21.91%.
For the fourth quarter ended 31st March 2010, net profit stood at Rs20.01bn up 50.1% YoY and 9.7% QoQ. The revenue stood at Rs77.38bn up 7.9% YoY and 1.17% QoQ. The operating profit stood at Rs21.65bn up by 29.1% YoY. For the financial year ended 31st March 2010, net profit stood at Rs70.01bn up 33% and operating profit stood at Rs80.18bn up by 21.91%.
Sesa Goa
Shares of Sesa Goa also pared their intra-day gains and ended lower by 0.6%% at Rs456 after the company posted a net profit of Rs9.6bn for the quarter ended March 31, 2010 where as the same was at Rs5.2bn for the quarter ended March 31, 2009. Total Income is Rs19.8bn for the quarter ended March 31, 2010 where as the same was at Rs14.08bn for the quarter ended March 31, 2010
GAIL
Shares of GAIL India shot up by over 5% to end at Rs425 after reports stated that the petroleum and natural gas regulator proposed pipeline tariff revisions. The scrip opened at Rs412 it touched an intra-day high of Rs459 and a low of Rs412 and recorded volumes of over 1.5mn shares on BSE.
FIIs were net sellers of Rs1.56bn on Tuesday on a provisional basis. Local funds were net buyers of Rs1bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers of Rs560.8mn. On Monday, FIIs were net sellers of Rs4.75bn in the cash segment, as per the SEBI web site.
Corporate Snippets
TCS plans to hire about 3,000 people in FY11 across its global delivery centers to bring onsite support to its clients. (FE)
Suzlon Energy’s subsidiary, REpower Systems AG, bagged a contract for supply of 44 wind turbines for a project in Turkey. (FE)
Japanese drug major Daiichi Sankyo, which owns 63.9% in Ranbaxy, failed to convert the warrants issued by the latter into shares during the stipulated 18-month period. (BS)
Maruti Suzuki crossed the milestone of rolling out 0.3mn K-Series engines, its latest generation engine which powers new models, including A Star, Swift, Swift Dzire and Ritz. (ET)
International Finance Corporation plans to invest US$75mn (Rs3.3bn) in IDFC to make investments in renewable energy as well as cleaner production and energy-efficiency projects across the country. (BS)
Procter & Gamble’s biggest bet on a new diaper in 25 years has run afoul of some parents who say their babies suffered rashes and burns after using them. (BS)
Suzlon Energy’s subsidiary, REpower Systems AG, bagged a contract for supply of 44 wind turbines for a project in Turkey. (FE)
Japanese drug major Daiichi Sankyo, which owns 63.9% in Ranbaxy, failed to convert the warrants issued by the latter into shares during the stipulated 18-month period. (BS)
Maruti Suzuki crossed the milestone of rolling out 0.3mn K-Series engines, its latest generation engine which powers new models, including A Star, Swift, Swift Dzire and Ritz. (ET)
International Finance Corporation plans to invest US$75mn (Rs3.3bn) in IDFC to make investments in renewable energy as well as cleaner production and energy-efficiency projects across the country. (BS)
Procter & Gamble’s biggest bet on a new diaper in 25 years has run afoul of some parents who say their babies suffered rashes and burns after using them. (BS)
Pre Market Commentary ...
The RBI never fails to surprise. Just when the markets feared an all-out assault on inflation comes an unexpectedly dovish policy action. However, the policy document itself points to several pressure points – like the spike in non-food inflation, volatile crude oil prices and fiscal deficit. That means there is a chance of some inter-meeting action if the need arises. Monsoon of course remains the joker in the pack along with the global factors.
Tuesday, April 20, 2010
सेन्सेक्स (17460.58) 59.90 अंक चढ्कर, नीफ़्टी (5230.10) 26.45 अंक चढ्कर, बंद..
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European markets update: FTSE and CAC Index up 0.5% each and DAX Index up 0.6%
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RBI to issue finance compensation guidelines by june
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RBI raises CRR, Repo and reverse Repo ratre by 25bps each
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Hold : India Info for target Rs117 and 124 plus
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GAIL : Our delivery call trading strong -upby 5% this morning,...
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Delivery Call .. BUY AND HOLD - 365 DAYS
Zee Entertainment
could remain in focus
on market
buzz of a bonus.
Company Results to be declared today April 20th 2010
FIIs were net sellers of Rs7.55bn on Monday on a provisional basis. Local funds were net buyers at Rs5.7bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers of Rs1.48bn. On Friday, FIIs were net buyers of Rs3.64bn in the cash segment, as per the SEBI web site.
Corporate Snippets
L&T to bid for airport projects in West Asia. (BL)
ArcelorMittal in talks with Delhi-based Ferro Alloys Corporation (Facor) for a strategic stake. (BS)
BHEL has bagged contract of Rs63bn from Raichur Power Corporation Ltd’s for setting up a 1,600 mw supercritical power plant in Karnataka. (FE)
GMR group is planning to raise an additional US$100mn from a group of private equity companies, led by Singapore-based Temasek Holdings, to fund its expansion plans. (BS)
Siemens to invest Rs5bn for wind turbine manufacturing facility in Gujarat. (BS)
Bajaj Auto has increased its stake in Austrian power bike maker KTM further to 35.7% from present 31.9%. (FE)
Cipla has developed three low-cost generic medicines to treat blood pressure, allergic rhinitis and control excessive bleeding in women during delivery. (BS)
ArcelorMittal in talks with Delhi-based Ferro Alloys Corporation (Facor) for a strategic stake. (BS)
BHEL has bagged contract of Rs63bn from Raichur Power Corporation Ltd’s for setting up a 1,600 mw supercritical power plant in Karnataka. (FE)
GMR group is planning to raise an additional US$100mn from a group of private equity companies, led by Singapore-based Temasek Holdings, to fund its expansion plans. (BS)
Siemens to invest Rs5bn for wind turbine manufacturing facility in Gujarat. (BS)
Bajaj Auto has increased its stake in Austrian power bike maker KTM further to 35.7% from present 31.9%. (FE)
Cipla has developed three low-cost generic medicines to treat blood pressure, allergic rhinitis and control excessive bleeding in women during delivery. (BS)
Pre Market Commentary ...
Today, we expect a flat to slightly positive start. Overall, things will be volatile with a possibility of a higher finish if the RBI doesn't spring a nasty surprise and there is no fresh external shock.
Quarterly numbers, global events and of course the RBI’s annual policy will keep the Indian market on tenterhooks. Can the market find some peace of mind? The spotlight will be on banks as the RBI is all set to raise rates (and perhaps even CRR) to tame inflation. The central bank’s commentary will have a bearing on sentiment. But, the fact that the markets have already discounted rate hikes and the key indices have come off the two-year highs could lead to a bounce back.
The Goldman Sachs shock appears to have eased a bit for the time being. The focus will be on the Wall Street titan’s results later today. Citigroup shares rallied after posting strong earnings. But IBM shares are down despite stellar set of numbers.
The IT space will be in focus back home after TCS came out with better-than-expected Q4 results. Liquidity is a key variable and one needs to keep a close watch on fund flows.
Monday, April 19, 2010
European markets are trading flat in opening trades
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Sell Airlines stock [Kingfisher] = Buy Hotels [Taj GVK]
Sector Watch :
Hotel
Sector Avoid:
Auto, Bank, Realty & Infra
Company Results to be Declared on April 19th 2010
| Betala Global | Elango Inds | Jay Bharat Marut |
| Cera Sanitary | ETC Networks | Midas Pharma |
| Concurrent India | Firstobject Tech | Modern Steel |
| Dairyfield | Hero Honda | Money Matters |
| National Plyw | Sonata Soft | Shree Digvijay |
| Sesa Goa | Super Crop | SHREEGANESH |
| TCS | ||
FII Movements ..
FIIs were net buyers of Rs2.43bn on Friday on a provisional basis. Local funds were net sellers at Rs1.89bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers of Rs10.95bn. On Thursday, FIIs were net buyers of Rs3.43bn in the cash segment, as per the SEBI web site.
Pre Market Commentary ...
Not too long ago, levels of 5400 and 5500 were almost a given for the Nifty. In a matter of few days the situation seems to have turned a little worse for the bulls. In fact, the Nifty is all set to lose its grip over 5200, at least at the start. Whether it is able to reclaim 5200 by the close will hinge on the newsflow and today's results.
Overall, the mood will be one of caution ahead of the RBI annual policy meet tomorrow. Consensus forecast is for a 25 bps hike in key policy rates and a 50 bps increase in the CRR. The RBI’s commentary will be keenly followed for gauging the mood on Mint Street. The Goldman Sachs issues and its broader fallout will also vie for attention. Usually, stocks where there is a holdings could see knee-jerk reactions.
Though inflation didn’t cross 10% in March, food inflation is near 18% and non-food prices are threatening to spike as well. Monsoon will critical this year after last year’s near disaster. How the world economy does over the next few months will have a bearing on sentiment. Also important will be the trend in fund flows and movement in other markets like currency and commodities. Earnings upgrades or downgrades will also play a crucial role so will Government's policy decisions, if any.
Airlines may remain under pressure as air travel globally remains disrupted due to the volcanic eruption in Iceland. Financials will be in focus ahead of the RBI announcement and also partly owing to the Goldman Sachs imbroglio. IPL-linked stocks may come under the spotlight amid more startling revelations on the alleged big scam.
Corporate Snippets
GVK Energy to raise US$250mn for power, coal mining assets. (BL)
Vedanta sets sights on Anglo’s zinc business worth US$1bn. (ET)
L&T plans to set up power plant in Jharkhand. (BS)
Reliance Industries picks stake in logistics firm Deccan 360. (BL)
Mahindra & Mahindra will buy out Renault's 49% stake in the five-year-old JV which produces the Logan at Nashik, Maharashtra. (BL)
Dr Reddy’s Lab recalls antipsychotic drug in US. (ET)
Chennai Petroleum Corp has put on hold its plans for setting up a 15mn tonnes per annum refinery at Ennore. (BL)
JSW Energy will acquire a majority stake in South African Coal Mining Holding for about US$85mn besides making an open offer to the minority shareholders. (BL)
Vedanta sets sights on Anglo’s zinc business worth US$1bn. (ET)
L&T plans to set up power plant in Jharkhand. (BS)
Reliance Industries picks stake in logistics firm Deccan 360. (BL)
Mahindra & Mahindra will buy out Renault's 49% stake in the five-year-old JV which produces the Logan at Nashik, Maharashtra. (BL)
Dr Reddy’s Lab recalls antipsychotic drug in US. (ET)
Chennai Petroleum Corp has put on hold its plans for setting up a 15mn tonnes per annum refinery at Ennore. (BL)
JSW Energy will acquire a majority stake in South African Coal Mining Holding for about US$85mn besides making an open offer to the minority shareholders. (BL)
Reliance Industries picks stake in logistics firm Deccan 360. (BL)
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