27th July Morning Market Updates

27th July Morning Market Updates 8:40
Stock in news

Results today: GAIL, HCL Tech, IDFC, Hexaware, Ultratech Cement, Lupin, Engineers India, Tata Coffee, Greaves Cotton, BGR Energy, JK Lakshmi cement, Dabur, Delta Corp, Tata Metaliks, Strides Arcolab, Karur Vysya Bank, Asahi India, TTK Healthcare, Bank of Baroda, Nagarjuna fertilizers, Canara Bank, UCO Bank, Subex, LLoyds Finance, Jayant Agro, Birla Corp, Marico, Muthoot Finance, Trent, Gokaldas Exports

Results today: Genus Power, Sunflag Iron, Wendt India, Brandhouse retail, Hercules Hoists, Oil India, Mannapuram General Finance, Chennai Petroleum, Orient Paper & Industries, Dewan Housing, Mahindra Ugine, Panacea Biotech, Paper Products

Cairn India CEO says-Most of the hit on account of royalty of USD 289 million is for FY12
-15-16% of net revenues to be paid as royalty
-Royalty to have direct impact on revenues & bottomline
-Gross royalty payable is USD 330 million

Cairn India says-To seek shareholder nod for considering GoI conditions
-Royalty payable under PSC is cost-recoverable
-Company withdraws arbitrations w.r.t payment of cess
-If royalty cost-recoverable, Q1 revenues would be down by Rs 1,291.6 crore
-Q1 numbers are net of estimated share of profit petroleum of Rs 187.6 crore

Other stocks and sectors that are in news today:- Orient Paper board meet today for restructuring ((Stock up 10% yesterday, likely to separate paper and cement business, CK Birla to address press))
-F&O ban: ABG Shipyard, Kingfisher Airlines, Suzlon
-IPO Corner: L&T Finance Holdings , which will issue 21-24 crore shares with a price range of 51-59/sh, opens today 
-Govt restores DEPB sops for cotton, cotton yarn export- SKS Microfinance board approves QIP of Rs 900 crore by issue of equity shares to QIB's

Alstom Projects YoY (cr - crore, vs - versus)
-Total income down 20% at Rs 287.18 cr vs Rs 358.37 cr
-PAT down 80% at Rs 6.3 cr vs Rs 31.51 cr ((PAT boosted by higher 'other income'))
-EBITDA down 90% at Rs 5.18 cr vs Rs 50.65 cr ((EBITDA positive due to higher depreciation; company incurred loss of Rs 6.96 cr at EBIT level))
-OPM at 1.80% vs 14.13%
*** Other Income up 1.10 times at Rs 16.28 cr vs Rs 7.74 cr
-Employee costs up 28% at Rs 93.6 cr vs Rs 73.15 cr
-Power segment revenues down 18% at Rs 277.46 cr; EBIT down 99% at Rs 47 lakh
-Transport revenues down 47% at Rs 10.81 cr; EBIT: company incurred loss of Rs 6.34 cr vs loss of Rs 27 lakh

TTML Q1
-Net loss at Rs 119 cr vs loss of Rs 309.9 cr (QoQ)
-Net sales up 2% at Rs 585 cr (QoQ)

Seamec Q1
-Net profit at Rs 8.6 cr Vs loss of Rs 22.7 cr (YoY)
-Net sales at Rs 46 cr vs Rs 24.9 cr (YoY)
 
MRPL Q1FY12 YoY
-Net sales up 70% at Rs 13369 cr vs Rs 7877 cr 
-PAT up 5.2 times at Rs 173 cr vs Rs 28 cr
-EBITDA up 1.8 times at Rs 223 cr vs Rs 80 cr

SKS Microfinance Q1FY12 QoQ
-Income from operations down 12% at Rs 150 cr vs Rs 171 cr 
-Net loss at Rs 219 cr vs net loss at Rs 70 cr 
-Total expenditure up 40% at Rs 297 cr vs Rs 212 cr

Thomas Cook India Q1FY12 
-Income from operations up 16% at Rs 106 cr vs Rs 91 cr 
-PAT up 40% at Rs 21 cr vs Rs 15 cr 
-EBITDA margin 34% vs 32%

Opto Circuits Q1FY12 
-Net sales up 78% at Rs 521 cr vs Rs 292 cr 
-PAT up 40% at Rs 116 cr vs Rs 83 cr 
-EBITDA up 47% at Rs 143 cr vs Rs 97 cr
-EBITDA margin at 27.45% vs 33.2%

Lumax Auto Q1FY12 consolidated YoY 
-Net sales up 37% at Rs 187 cr vs Rs 137 cr
-PAT up 63% at Rs 13 cr vs Rs 8 cr 

Welspun Syntex Q1FY12 
-Net sales up 29% at Rs 134 cr vs Rs 104 cr 
-PAT up 33% at Rs 4 cr vs Rs 3 cr

Merck Q2FY12
-Net sales up 26% at Rs 152 cr vs Rs 121 cr
-PAT down 5% at Rs 17.6 cr vs Rs 18.5 cr 
-EBITDA margin at 9.87% vs 14.88%

Great Offshore Q1FY12 
-Total income from operations up 18% at Rs 282 cr vs Rs 239 cr 
-PAT doubled at Rs 55 cr vs Rs 27 cr 
-EBITDA Margin at 60.28% vs 41.42%

INEOS ABS Q1FY12 
-Net sales up 15% at Rs 206 cr vs Rs 179 cr 
-PAT up 14% at Rs 16 cr vs Rs 14 cr

FIIs net buy USD 54.09 million in the cash market

MFs net buy Rs 5.90 crore in the cash market

NSE F&O Open Int was down Rs 911.40 cr at Rs 1.50lakh crore

As per provisional data of July 26, FIIs were net sellers of Rs 177.75 cr in the cash market. FIIs were net buyers of Rs 687.34 cr in the F&O market. DIIs were net buyers of Rs 31.5 cr in the cash market.