21 Oct 2010 Morning Market Updates

21 Oct 2010 Morning Market Updates  08:38

Results today: TCS, ACC, Ambuja, TVS Motor, Allahabad Bank, Alstom Projects, Bajaj Corp, Corporation Bank, Fresenius Kabi, Indiabulls Financial, JM Financial, Mahindra Forgings, MRF, Info Edge, Persistent Systems, Prime Securities, Sasken, South Indian Bank, Zensar Tech.
Coal India IPO closes today ((Closed for QIBs))



-Total: 11.9 times (x)
-QIB: 24.7x
-NII: 2.9x
-Retail: 1.1x

Power Grid Q2
-Sales at Rs 2126.6 crore (cr) versus (Vs) Rs 1701.3 crore (Expectations: Rs 2115 crore)
-OPM at 83.97% versus 84.15% (Expectations: 84.2%)
-PAT at 651.4 crore versus Rs 459.97 crore (Expectations: Rs 566 crore)
-Profit includes arrears from the Kundankulam project of Rs 84 crore
Indiabulls Real Estate (IBREL) says
-To unlock value by providing direct ownership of power biz
-Board forms restructuring comm to evaluate rejig feasibility

IBREL Q2
-Consolidated net sales at Rs 300 cr vs Rs 171.7 cr (QoQ)
-Consolidated net profit at Rs 50.8 cr vs Rs 20.5 cr (QoQ)
Indiabulls Power board okays 42 crore warrants to promoters convertible into equity at Rs 29/sh ((CMP: 30.85))


Ashok Leyland Q2
-Net sales at Rs 2,714 cr vs Rs 1,577.7 cr (YoY)
-Net profit at Rs 167.1 cr vs Rs 88.6 cr (YoY)


Bombay Dyeing Q2


-Net loss at Rs 30.6 cr vs net loss of Rs 11.1 cr (YoY)
-Net sales at Rs 409.3 cr vs Rs 366.9 cr (YoY)


VIP Industries Q2

-Net profit at Rs 11.4 cr vs Rs 5.6 cr (YoY)
-Net sales at Rs 146 cr vs Rs 119 cr (YoY)


GNFC Q2

-Net profit at Rs 64 cr vs Rs 60.7 cr (YoY)
-Net sales at Rs 801.9 cr vs Rs 766.2 cr (YoY)


Motilal Oswal Q2

-Net profit at Rs 33.1 cr vs Rs 47.5 cr (YoY), ((vs Rs 37.5 cr (QoQ))
-Income from operations at Rs 151 cr vs Rs 158 cr (YoY) ((vs Rs 142 cr (QoQ))


Pidilite Ind Q2

-Net profit at Rs 79.2 cr vs Rs 81.6 cr
-Net sales at Rs 658 cr vs Rs 580 cr
-Operating profit at Rs 126 cr vs Rs 123 cr
-Tax expense at Rs 25 cr vs Rs 15 cr


Other stocks and sectors that are in news today:


-Stocks in F&O curb: Aban, Core Proj, Ispat, Orchid, Suzlon
-Mudra Life open offer at Rs 60/share
-Loan off take loses steam, growth may miss target – ET
-GMR In a spot for levying cargo fees at Delhi – DNA
-100% open offer norm likely, SEBI board may up the trigger limit to 25% - ET (SEBI Board meet on Monday to discuss the overhaul of takeover code)


F&O cues:


Futures Open Int up Rs 651 crore.
Options Open Int up Rs 3270 crore

Nifty Oct Futures add 4 lakh shares in Open Int
Nifty Oct Futures at 26-point premium
Nifty Nov Futures add 4 lakh shares in Open Int
Nifty Nov Futures at 51-point premium
Nifty Open Int PCR at 1.18 versus 1.22
Nifty Puts add 13 lakh shares in Open Int
Nifty Calls add 38 lakh shares in Open Int
Nifty 5800 Put adds 3 lakh shares in Open Int
Nifty 5900 Put adds 2 lakh shares in Open Int
Nifty 6000 Call adds 10.8 lakh shares in Open Int
Nifty 6100 Call adds 6 lakh shares in Open Int
Nifty 6200 Call adds 5.4 lakh shares in Open Int
Stock Futures add 1.3 crore shares in Open Int
FIIs in F&O on October 20
Net sell Rs 372 crore in Nifty futures
Nifty futures Open Int up 18,948 contracts
Net buy Rs 875 crore in Nifty options
Nifty options Open Int up 10,440 contracts
Net sell Rs 261 crore in Stock futures
Stock futures Open Int up 6,239 contracts