2nd Feb 2011 Morning Market Updates 09:06
Market will open positively as positive Asian cues. Nifty has support at 5410 and 5355 levels. Immediate resistance would be 5540.
Daily Recommendations :
Buy Sail Abv 165 sl 161 T 170/172
Sell Arvind sl 63 T 59
Sell LICHSGFIN Bel 172 sl 177 T 165
Results today: Bharti Airtel, Hero Honda, Jet Airways, Voltas, Wockardt, Great Offshore, Essar Shipping.
NMDC Q3 (cr -crore, vs - versus)
-Net profit up 81% at Rs 1,518 cr Vs Rs 837 cr (YoY)
-Net sales up 65% at Rs 2,621 cr vs Rs 1,588 cr (YoY)
-OPM at 76.9% vs 67.9%
Gujarat Ambuja Exports Q3 YoY
-Revenue up 47.6% at Rs 649.7 cr vs Rs 440.2 cr
-PAT up 173.3% at Rs 28.7 cr vs 10.5 cr
-EBITDA margin 7.3% vs 5.9%
-Consumption of raw material up 52.2% at Rs 503.5 cr vs Rs 330.9 cr
DCM Shriram Consolidated Q3 YoY
-Revenue up 14.4% at Rs 977.2 cr vs Rs 854 cr
-Net Loss Rs 4.4 cr vs Net Profit Rs 24.7 cr
-EBITDA Margin 4.6% vs 11.7%
-Input costs such as cost of coal/ carbon material putting pressure on margins
Parabolic Drugs Q3 YoY
-Revenue up 29.8% at Rs 151.5 cr vs Rs 116.7 cr
-PAT up 33.2% at Rs 12.5 cr vs Rs 9.4 cr
-EBITDA Margin 20.9% vs 20.5%
-Consumption of raw material up 45.6% at Rs 124.6 cr vs Rs 85.6 cr
Nakoda Q3 YoY
-Revenue up 36.5% at Rs 381.3 cr vs Rs 279.3 cr
-PAT up 36.8% at Rs 9.3 cr vs Rs 6.8 cr
-EBITDA Margin 5.3% vs 5.3%
-Consumption of raw material up 56.5% at Rs 142.7 cr vs Rs 91.2 cr
Filatex India Q3 YoY
-Revenue up 17.4% at Rs 126.9 cr vs Rs 108.1 cr
-PAT up 23.8% at Rs 5.2 cr vs Rs 4.2 cr
-EBITDA Margin 9.1% vs 8.5%
-Consumption of Raw Material up 25.3% at Rs 104.5 cr vs Rs 83.4 cr
Unitech :
-Suspect 'malafide intent' on rush to sell pledged shares
-Raised Rs 178 crore via debentures; promoter shares collateral
-Ample notice not given by lenders to promoters
-'Lenders didn’t provide for even 1 minute of banking hours'
Delhi HC stayed lenders from selling pledged promoter shares on Sunday
-Company promoters had offered to prepay entire Rs 178 crore
-Will prepay 50% this week, rest by next week
-Outstanding debentures worth less than Rs 250 crore
-Utilising promoter treasury in MFs, FDs to repay
RIL says
-Would like to evaluate all options; includings it role as JV partner
-Would like to evaluate whether it can bring incremental value For Atlas
-RIL writes to Atlas Energy over its displeasure on Chevron deal
-RIL Holdings writes to Atlas management on January 10 on Chevron Deal
-Why Atlas did not gauge RIL interest in company level transaction
-Atlas choose to do company level transaction with runners-up in JV process
-Atlas undertook JV auction to select JV partner; Chevron was runner-up
-RIL has substantial financial resources
-RIL is most natural & obvious potential transaction partner for Atlas
-Atlas Management had conveyed this to company during JV negotiations
-Why Atlas relied on Jefferies advice on going with Chevron
-Jefferies told that Chevron will make the highest bid for Atlas Energy
Jefferies told Atlas
-RIL may not be interested in acquiring Atlas post Atlas & other shale gas JVs
-Jefferies price range much below what RIL paid for JV transaction
-Value of Chevron Deal based on Atlas's Marcellus Assets
-Marcellus Asset Value at discount to value attributed to RIL JV assets
-Questions timing of the deal, which comes soon after JV transaction
SC asks Reliance Communications to deposit 50% increased spectrum usage charge.
-Reliance Comm says no additional liability due to SC ruling
-DoT hiked spectrum charges by 1% from April 2010
Reliance Communications says
-Company paying increased charge under protest
-SC has given interim relief by asking for 50%
-Balance 50% to be given as bank guarantee
-SC ruling on Reliance Comm same as for Airtel & Vodafone
SAIL - Sources
-SAIL raises prices on range of steel products
-Price hike between Rs500 - 2000/ton
-Price hike due to price rise in iron ore, coaking coal
Delhi HC says
-Payments recieved by foreign satellite companies not liable to tax
- Ruling pertains to taxability under IT act
-IT department argued payments taxable as royalty
- Ruling in the case of Hong Kong based AsiaSat
- PwC sole advisors for AsiaSat
-Domestic Broadcast companies could save upto 10-20% in withholding tax
ONGC says:
-Govt needs to take call on Cairn royalty issue
Cairn refused to involve govt in ONGC royalty issue
-Govt must resolve royalty issue with Cairn before FPO
-Company's FPO likely to be launched on March 15
Ex dividends
-BEL by Rs 6
-Rane Madras by Rs 4.5
-Sun TV by Rs 5
-Sundaram Fin by Rs 7
-Sundaram Clayton by Rs 2.5
-Tata Steel FPO shares (5.7 cr) hit the market today (FPO priced at Rs 610 and CMP at Rs 631)
-Bank of India board approves issue of upto 3 crore equity shares for face value of Rs 30 crore through preferential Issue/Right Issue/ FPO/ ADR/GDR
-Central Bank has filed papers with SEBI for approval to raise Rs 2500 crore through a rights issue which will hit the market this quarter (ET)
-Indian Oil to invest Rs 5000 crore in Koyali refinery in Gujarat from 13.7 mtpa to 18 mtpa refinery (BS)
-GVK Power & Infra has emerged as the highest bidder for IDFC projects 1050 MW Dheeru Powergen Pvt Ltd proposed to be built at Korba Chattisgarh (Mint)
-NTPC says got forest okay for captive coal mine in Jharkhand: NW18
-Gitanjali Gems board meet today to consider fund raising plans including Issuance of Convertible Bonds/ Equity Shares
F&O cues:
Total Nifty Futures up Rs 598 crore
Total Nifty Options up Rs 5447 crore
Stock Futures net add 1.16 cr shares in Open Int
Nifty Fut Open Int net add 20 lakh shares in Open Int
Nifty Futures prem at 12 pts versus 18 pts
Nifty Open Int PCR down at 1.15 versus 1.27
Nifty Puts add 16.6 lakh shares in Open Int
Nifty Calls add 69.5 lakh shares in Open Int
Highest Open Int outstanding at 5400 Put, 5500 Put, 5700 Call
Nifty 5500 Call adds 27.8 lakh shares in Open Int
Nifty 5500 Call added nearly 40 lk shrs in last 2 days
Nifty 5400 Call adds 13 lakh shares in Open Int
Nifty 5600 Call adds 8.2 lakh shares in Open Int
Nifty 5200 Put adds 6.2 lakh shares in Open Int
Nifty 5400 Put adds 5 lakh shares in Open Int
Nifty Mar 5200 Put adds 4.6 lakh shares in Open Int
Nifty 5100 Put adds 2.15 lakh shares in Open Int
Nifty 5500 Put shed 6.9 lakh shares in Open Int
Nifty 5600 Put shed 3 lakh shares in Open Int
FIIs in F&O on Feb 01
FIIs net buy Rs 730 crore in Index Futures
Index Futures Open Int up by 11742 contracts
FIIs net buy Rs 1022 crore in Index Options
Index Options Open Int up by 88882 contracts
Disclaimer :
This blog has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.(IFCL),Pune, India and is meant for use by the recipient only as an informative. Nothing on this blog/website is intended or should be construed as investment advice. It is intended to be used for informational purposes only. This document is not to be reported or copied or made available to others without prior permission of (IFCL). It should not be considered or taken as an offer to Buy or Sell or a solicitation to Buy or Sell any security. These views alone are not sufficient and should not be used for the development or implementation of an investment strategy. It should not be construed as an investment advice to any party. All opinions and estimates included here constitute our view as of this date and are subject to change without notice. The information contained in this report other than the recommendation(s) has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates and/or its business associates and/or its directors and/or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well as the market related investments are subject to market risk and volatility. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either (IFCL) and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior and / or after to publication. The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. iNTEGRITY and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives do not take any type of responsibility if reader or recommendation(s) follower will face any losses or liabilities because of our recommendations; market risk will be always there while and whenever concerned parties enter the stock market by any means.It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained. Similarly, iNTEGRITY and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives will not take any assurity about our given recommendation(s) about its success. Sole discretion will be most recommended for readers and/or subscribers and/or followers and/or information receivers and/or investors and/or traders.
Market will open positively as positive Asian cues. Nifty has support at 5410 and 5355 levels. Immediate resistance would be 5540.
Daily Recommendations :
Buy Sail Abv 165 sl 161 T 170/172
Sell Arvind sl 63 T 59
Sell LICHSGFIN Bel 172 sl 177 T 165
Results today: Bharti Airtel, Hero Honda, Jet Airways, Voltas, Wockardt, Great Offshore, Essar Shipping.
NMDC Q3 (cr -crore, vs - versus)
-Net profit up 81% at Rs 1,518 cr Vs Rs 837 cr (YoY)
-Net sales up 65% at Rs 2,621 cr vs Rs 1,588 cr (YoY)
-OPM at 76.9% vs 67.9%
Gujarat Ambuja Exports Q3 YoY
-Revenue up 47.6% at Rs 649.7 cr vs Rs 440.2 cr
-PAT up 173.3% at Rs 28.7 cr vs 10.5 cr
-EBITDA margin 7.3% vs 5.9%
-Consumption of raw material up 52.2% at Rs 503.5 cr vs Rs 330.9 cr
DCM Shriram Consolidated Q3 YoY
-Revenue up 14.4% at Rs 977.2 cr vs Rs 854 cr
-Net Loss Rs 4.4 cr vs Net Profit Rs 24.7 cr
-EBITDA Margin 4.6% vs 11.7%
-Input costs such as cost of coal/ carbon material putting pressure on margins
Parabolic Drugs Q3 YoY
-Revenue up 29.8% at Rs 151.5 cr vs Rs 116.7 cr
-PAT up 33.2% at Rs 12.5 cr vs Rs 9.4 cr
-EBITDA Margin 20.9% vs 20.5%
-Consumption of raw material up 45.6% at Rs 124.6 cr vs Rs 85.6 cr
Nakoda Q3 YoY
-Revenue up 36.5% at Rs 381.3 cr vs Rs 279.3 cr
-PAT up 36.8% at Rs 9.3 cr vs Rs 6.8 cr
-EBITDA Margin 5.3% vs 5.3%
-Consumption of raw material up 56.5% at Rs 142.7 cr vs Rs 91.2 cr
Filatex India Q3 YoY
-Revenue up 17.4% at Rs 126.9 cr vs Rs 108.1 cr
-PAT up 23.8% at Rs 5.2 cr vs Rs 4.2 cr
-EBITDA Margin 9.1% vs 8.5%
-Consumption of Raw Material up 25.3% at Rs 104.5 cr vs Rs 83.4 cr
Unitech :
-Suspect 'malafide intent' on rush to sell pledged shares
-Raised Rs 178 crore via debentures; promoter shares collateral
-Ample notice not given by lenders to promoters
-'Lenders didn’t provide for even 1 minute of banking hours'
Delhi HC stayed lenders from selling pledged promoter shares on Sunday
-Company promoters had offered to prepay entire Rs 178 crore
-Will prepay 50% this week, rest by next week
-Outstanding debentures worth less than Rs 250 crore
-Utilising promoter treasury in MFs, FDs to repay
RIL says
-Would like to evaluate all options; includings it role as JV partner
-Would like to evaluate whether it can bring incremental value For Atlas
-RIL writes to Atlas Energy over its displeasure on Chevron deal
-RIL Holdings writes to Atlas management on January 10 on Chevron Deal
-Why Atlas did not gauge RIL interest in company level transaction
-Atlas choose to do company level transaction with runners-up in JV process
-Atlas undertook JV auction to select JV partner; Chevron was runner-up
-RIL has substantial financial resources
-RIL is most natural & obvious potential transaction partner for Atlas
-Atlas Management had conveyed this to company during JV negotiations
-Why Atlas relied on Jefferies advice on going with Chevron
-Jefferies told that Chevron will make the highest bid for Atlas Energy
Jefferies told Atlas
-RIL may not be interested in acquiring Atlas post Atlas & other shale gas JVs
-Jefferies price range much below what RIL paid for JV transaction
-Value of Chevron Deal based on Atlas's Marcellus Assets
-Marcellus Asset Value at discount to value attributed to RIL JV assets
-Questions timing of the deal, which comes soon after JV transaction
SC asks Reliance Communications to deposit 50% increased spectrum usage charge.
-Reliance Comm says no additional liability due to SC ruling
-DoT hiked spectrum charges by 1% from April 2010
Reliance Communications says
-Company paying increased charge under protest
-SC has given interim relief by asking for 50%
-Balance 50% to be given as bank guarantee
-SC ruling on Reliance Comm same as for Airtel & Vodafone
SAIL - Sources
-SAIL raises prices on range of steel products
-Price hike between Rs500 - 2000/ton
-Price hike due to price rise in iron ore, coaking coal
Delhi HC says
-Payments recieved by foreign satellite companies not liable to tax
- Ruling pertains to taxability under IT act
-IT department argued payments taxable as royalty
- Ruling in the case of Hong Kong based AsiaSat
- PwC sole advisors for AsiaSat
-Domestic Broadcast companies could save upto 10-20% in withholding tax
ONGC says:
-Govt needs to take call on Cairn royalty issue
Cairn refused to involve govt in ONGC royalty issue
-Govt must resolve royalty issue with Cairn before FPO
-Company's FPO likely to be launched on March 15
Ex dividends
-BEL by Rs 6
-Rane Madras by Rs 4.5
-Sun TV by Rs 5
-Sundaram Fin by Rs 7
-Sundaram Clayton by Rs 2.5
-Tata Steel FPO shares (5.7 cr) hit the market today (FPO priced at Rs 610 and CMP at Rs 631)
-Bank of India board approves issue of upto 3 crore equity shares for face value of Rs 30 crore through preferential Issue/Right Issue/ FPO/ ADR/GDR
-Central Bank has filed papers with SEBI for approval to raise Rs 2500 crore through a rights issue which will hit the market this quarter (ET)
-Indian Oil to invest Rs 5000 crore in Koyali refinery in Gujarat from 13.7 mtpa to 18 mtpa refinery (BS)
-GVK Power & Infra has emerged as the highest bidder for IDFC projects 1050 MW Dheeru Powergen Pvt Ltd proposed to be built at Korba Chattisgarh (Mint)
-NTPC says got forest okay for captive coal mine in Jharkhand: NW18
-Gitanjali Gems board meet today to consider fund raising plans including Issuance of Convertible Bonds/ Equity Shares
F&O cues:
Total Nifty Futures up Rs 598 crore
Total Nifty Options up Rs 5447 crore
Stock Futures net add 1.16 cr shares in Open Int
Nifty Fut Open Int net add 20 lakh shares in Open Int
Nifty Futures prem at 12 pts versus 18 pts
Nifty Open Int PCR down at 1.15 versus 1.27
Nifty Puts add 16.6 lakh shares in Open Int
Nifty Calls add 69.5 lakh shares in Open Int
Highest Open Int outstanding at 5400 Put, 5500 Put, 5700 Call
Nifty 5500 Call adds 27.8 lakh shares in Open Int
Nifty 5500 Call added nearly 40 lk shrs in last 2 days
Nifty 5400 Call adds 13 lakh shares in Open Int
Nifty 5600 Call adds 8.2 lakh shares in Open Int
Nifty 5200 Put adds 6.2 lakh shares in Open Int
Nifty 5400 Put adds 5 lakh shares in Open Int
Nifty Mar 5200 Put adds 4.6 lakh shares in Open Int
Nifty 5100 Put adds 2.15 lakh shares in Open Int
Nifty 5500 Put shed 6.9 lakh shares in Open Int
Nifty 5600 Put shed 3 lakh shares in Open Int
FIIs in F&O on Feb 01
FIIs net buy Rs 730 crore in Index Futures
Index Futures Open Int up by 11742 contracts
FIIs net buy Rs 1022 crore in Index Options
Index Options Open Int up by 88882 contracts
Disclaimer :
This blog has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.(IFCL),Pune, India and is meant for use by the recipient only as an informative. Nothing on this blog/website is intended or should be construed as investment advice. It is intended to be used for informational purposes only. This document is not to be reported or copied or made available to others without prior permission of (IFCL). It should not be considered or taken as an offer to Buy or Sell or a solicitation to Buy or Sell any security. These views alone are not sufficient and should not be used for the development or implementation of an investment strategy. It should not be construed as an investment advice to any party. All opinions and estimates included here constitute our view as of this date and are subject to change without notice. The information contained in this report other than the recommendation(s) has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates and/or its business associates and/or its directors and/or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well as the market related investments are subject to market risk and volatility. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either (IFCL) and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior and / or after to publication. The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. iNTEGRITY and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives do not take any type of responsibility if reader or recommendation(s) follower will face any losses or liabilities because of our recommendations; market risk will be always there while and whenever concerned parties enter the stock market by any means.It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained. Similarly, iNTEGRITY and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives will not take any assurity about our given recommendation(s) about its success. Sole discretion will be most recommended for readers and/or subscribers and/or followers and/or information receivers and/or investors and/or traders.
Today market opened on a positive note.Market performance must be learned timely as skipping some important update may cost a lot. Traders can follow such blogs to stay updated with market. Financial advisory services are also helpful in earning profitable returns.
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