18 Oct 2010 Morning Market Updates 09:15
CEBBCO lists today
-Issue price: Rs 127/share
-Subscription: total: 2.07 times (x); QIB: 3.68x; NII: 0.3x ; RII 0.3x
Coal India IPO opens today, issue of 63.1 crore shares at Rs 225-245/share
Results today: HDFC, Essar oil, L&T, Sesa Goa, Bajaj Finserv, Indiabulls Securities, ING Vysya Bank, NIIT Tech, State Bank of Mysore, State Bank of Bikaner & Jaipur, SE Investment, Jindal hotels, Camlin, Zydus wellness, Hindustan Fluoro, MM forging
Dr Reddy's Labs
-DRL approves Lansoprazone delayed-release capsules;
-DRL to launch 15 mg & 30 mg capsules; Bio equivalent generic version of Prevacid
Mudra Lifestyle
-E Land Grp may buy nearly 51% stake in company: Sources
-Deal with E Land Grp may happen at Rs 60/sh; promoters to get Rs 75/sh: Srcs
-E Land's 51% purchase to including mandatory 20% open offer: Srcs
-To issue fresh shares to Korean Co: Sources
-Promoters likely to get 25% non-compete fees: Sources
ONGC
-ONGC finalising response to Cairn based on SG opinion
-Cairn Energy likey to get ONGC response next week
-Board maybe informally told of development today
-Reiterates has pre-emptive rights
-'SG opined govt nod needed; ONGC's RoFR analogy of that'
-SG has not directly spoken of RoFR for ONGC
-Cairn should acknowledge ONGC's RoFR
-Cairn should seek co's approval
ONGC received SG opinion earlier this week
September mobile subscriptions
-Bharti Airtel adds 2.04 million mobile users in September versus 2.03 million in August
-Idea Cellular adds 1.48 million mobile users in September versus 1.99 million in August
-Vodafone adds 1.78 million GSM mobile users in September versus 2.31 million in August
-Uninor adds 2.17 million GSM Mobile users in September versus 2.22 million in August
-BSNL adds 2.33 million mobile users in September versus 2.29 million in August
DCB Q2
-Net profit at Rs 5 crore versus loss of Rs 17 crore
-NII at Rs 46 crore versus Rs 32 crore
-Operating profit at Rs 21 crore versus Rs 16 crore
-Provisions at Rs 16 crore versus Rs 33 crore
-Net NPAs at 1.86% versus 4.70%
Karnataka Bank Q2FY11
-NII: Rs 139.09 crore versus Rs 55.42 crore
-Other Income: Rs 63.6 crore versus Rs 53.54 crore
-Provisions: Rs 57.63 crore versus Rs 5.24 crore
-Net Profit: Rs 28.72 crore versus Rs 16.35 crore
-Net NPA at 1.11% versus 1.34%
Unichem Labs
-Net profit at Rs 34.71 crore versus Rs 33.97 crore
-Net sales at Rs 200 crore versus Rs 173 crore
Godrej Properties - Q2FY11 Standalone
-Total Income: Rs 79.29 crore versus Rs 80.3 crore
-PBT: Rs 47 crore versus Rs 61.48 crore
-Net profit: Rs 31.99 crore versus Rs 44.64 crore
Consolidated
-Revenues: Rs 34.3 crore versus Rs 39.14 crore
-Other Income: Rs 49.98 crore versus Rs 59.74 crore
-Operating Profit: Rs 0.59 crore versus Rs 3.74 crore
-Net Profit: Rs 32.91 crore versus Rs 44.7 crore
-During quarter Company sold 49% stake in its subsidiary, Godrej Buildwell for Rs 45 crore; Other income includes Rs 44.52 crore on that sale
Godrej Properties
-See strong demand for residential properties
-H1 revenue growth has been strong
-Momentum likely to continue in H2
-Opened projects in Cochin, Mangalore, Delhi & Chennai
-Will announce new projects in Q3FY11
-Finalising 2 redevelopment projects in Mumbai
-Net debt at Rs 500 crore, equity at Rs 800 crore
-Comfortable with Debt-Equity ratio
-May need to raise funds in 18-24 months(still has Rs 200.97 cr left of IPO money)
-Fund raising via QIP in most likelihood
Other stocks and sectors that are in news today:
-BPCL hikes petrol prices by Rs 0.70 a litre effective midnight:PTI
-Sasken Communications board meet on 21st October to consider buyback
Monday, October 18, 2010
Friday, October 15, 2010
14 Oct 2010 Closing Market Updates
14 Oct 2010 Closing Market Updates 15:30
Below than expected Infosys results triggered the sell off and drag the indices to end with a considerable fall.Today's fall almost eroded Wednesday's gains.
Nifty ended at 6055.5 with 121.85 points down and Sensex 20105 shedding 392.26 points down.
All 13 BSE Sectoral indices ended in negative. IT was the biggest loser by 3.21%.
In Nifty50 stocks, just 3 stocks gained and NTPC was the top gainer by just 0.67% and ended at 203.90. BPCL was the top loser by 4.24% to end at 723.15
Infosys was the turnover topper by its traded value.The second turnover topper was Orchid chemicals. But the traded value of Infosys was 100994.32 and 58848.49 was of Orchid. From this we can consider a huge sell off in IT segment. Wipro lost 4.04%, followed by TCS(3.66%) and Infosys(3.31%)
Nagarjuna Fertilizer was the most traded stock on NSE today.
Advance / Decline ratio was negative in the ratio of 3.39 : 1 as 1062 stocks declined and 313 stocks gained today on NSE.
Below than expected Infosys results triggered the sell off and drag the indices to end with a considerable fall.Today's fall almost eroded Wednesday's gains.
Nifty ended at 6055.5 with 121.85 points down and Sensex 20105 shedding 392.26 points down.
All 13 BSE Sectoral indices ended in negative. IT was the biggest loser by 3.21%.
In Nifty50 stocks, just 3 stocks gained and NTPC was the top gainer by just 0.67% and ended at 203.90. BPCL was the top loser by 4.24% to end at 723.15
Infosys was the turnover topper by its traded value.The second turnover topper was Orchid chemicals. But the traded value of Infosys was 100994.32 and 58848.49 was of Orchid. From this we can consider a huge sell off in IT segment. Wipro lost 4.04%, followed by TCS(3.66%) and Infosys(3.31%)
Nagarjuna Fertilizer was the most traded stock on NSE today.
Advance / Decline ratio was negative in the ratio of 3.39 : 1 as 1062 stocks declined and 313 stocks gained today on NSE.
Infosys FY11 Q2 Results
Infosys FY11 Q2 Results 09:50
India's second largest IT services exporter - Infosys Technologies has announced its results for the quarter ended September 2010. It has reported net profit at Rs 1737 crore as against Rs 1488 crore, a growth of 16.73% on quarter-on-quarter basis (QoQ), as per International Financial Reporting Standards (IFRS).
On consolidated basis, company posted net sales at Rs 6947 crore as against Rs 6198 crore, a growth of 12.08% (QoQ).
Commenting on the numbers, Moshe Katri, MD of Cowen & Company said the fundamentals continued to remain healthy for Infosys. "Infosys numbers will continue to gradually move higher."
However, hike in attrition rate is not a good sign for the company, he believes. Attrition rate for the second quarter stood at 17.1% as against 15.8% (QoQ). Going forward, Katri said any upgrades will depend on currency trends.
Operating margins improved smartly to 30.2% versus 28.31% on quarter over quarter.
Earning per share (EPS) also jumped to Rs 30.41 from Rs 26.05 in previous quarter of same financial year 2010-11.
Standalone net sales rose 11.58% to Rs 6425 crore from Rs 5758 crore, (QoQ).
In dollar terms, consolidated revenue went up 10.1% to USD 1.49 billion versus USD 1.36 billion (QoQ).
Earning before interest, tax, depreciation and amortisation (EBITDA) improved to 33.6% versus 31.6%.
Revenues from top client grew by 5.59%; from top 5 clients grew by 12.94% and from top 10 clients grew by 12.61% (QoQ). The company has two clients accounting for more than USD 200 million revenues.
Q2 2011 geographical segment growth:
Revenues from North America region grew by 7.5% sequentially; and 7.5% in constant currency. Europe grew by 18.1% sequentially; and 15.6% in constant currency. Rest of the world grew by 6.8% sequentially; and 4.7% in constant currency.
Industry segment growth:
BFSI grew 8% sequentially; and 7.4% in constant currency. Manufacturing grew by 6.9% sequentially; and 6.1% in constant currency. Retail grew by 20.5% sequentially; and 19.9% in constant currency. Telecom grew by 3.9% sequentially; and 2.2% in constant currency. Others grew by 15.1% sequentially; and 14.7% in constant currency.
The company added 27 clients and there was gross addition of 14,264 employees. Company added net 7,646 staff in September quarter.
Cash, cash equivalents stood at USD 3.9 billion at end-September. Continued global economic uncertainty and extreme currency volatility is a concern for the company.
Infosys continues to see stronger volume growth, greater traction in Financial Serivces, Retail. Operating margins of the company improved in September quarter, and the liquidity position further strengthened.
Infosys IFRS FY11 guidance
In rupee terms, Infosys expects full year EPS at around Rs 115.07-117.07 and revenues at Rs 26,951 crore as against Rs 27,165 crore.
In dollar terms, it expects revenues to grow by 24-25% at USD 5.95-6 billion versus USD 5.7.5.8 billion expected in previous quarter.
For the third quarter of FY11, Infosys expects EPS growth of 1.5-3.1% and revenues growth of 3.5-4.5% on QoQ basis.
India's second largest IT services exporter - Infosys Technologies has announced its results for the quarter ended September 2010. It has reported net profit at Rs 1737 crore as against Rs 1488 crore, a growth of 16.73% on quarter-on-quarter basis (QoQ), as per International Financial Reporting Standards (IFRS).
On consolidated basis, company posted net sales at Rs 6947 crore as against Rs 6198 crore, a growth of 12.08% (QoQ).
Commenting on the numbers, Moshe Katri, MD of Cowen & Company said the fundamentals continued to remain healthy for Infosys. "Infosys numbers will continue to gradually move higher."
However, hike in attrition rate is not a good sign for the company, he believes. Attrition rate for the second quarter stood at 17.1% as against 15.8% (QoQ). Going forward, Katri said any upgrades will depend on currency trends.
Operating margins improved smartly to 30.2% versus 28.31% on quarter over quarter.
Earning per share (EPS) also jumped to Rs 30.41 from Rs 26.05 in previous quarter of same financial year 2010-11.
Standalone net sales rose 11.58% to Rs 6425 crore from Rs 5758 crore, (QoQ).
In dollar terms, consolidated revenue went up 10.1% to USD 1.49 billion versus USD 1.36 billion (QoQ).
Earning before interest, tax, depreciation and amortisation (EBITDA) improved to 33.6% versus 31.6%.
Revenues from top client grew by 5.59%; from top 5 clients grew by 12.94% and from top 10 clients grew by 12.61% (QoQ). The company has two clients accounting for more than USD 200 million revenues.
Q2 2011 geographical segment growth:
Revenues from North America region grew by 7.5% sequentially; and 7.5% in constant currency. Europe grew by 18.1% sequentially; and 15.6% in constant currency. Rest of the world grew by 6.8% sequentially; and 4.7% in constant currency.
Industry segment growth:
BFSI grew 8% sequentially; and 7.4% in constant currency. Manufacturing grew by 6.9% sequentially; and 6.1% in constant currency. Retail grew by 20.5% sequentially; and 19.9% in constant currency. Telecom grew by 3.9% sequentially; and 2.2% in constant currency. Others grew by 15.1% sequentially; and 14.7% in constant currency.
The company added 27 clients and there was gross addition of 14,264 employees. Company added net 7,646 staff in September quarter.
Cash, cash equivalents stood at USD 3.9 billion at end-September. Continued global economic uncertainty and extreme currency volatility is a concern for the company.
Infosys continues to see stronger volume growth, greater traction in Financial Serivces, Retail. Operating margins of the company improved in September quarter, and the liquidity position further strengthened.
Infosys IFRS FY11 guidance
In rupee terms, Infosys expects full year EPS at around Rs 115.07-117.07 and revenues at Rs 26,951 crore as against Rs 27,165 crore.
In dollar terms, it expects revenues to grow by 24-25% at USD 5.95-6 billion versus USD 5.7.5.8 billion expected in previous quarter.
For the third quarter of FY11, Infosys expects EPS growth of 1.5-3.1% and revenues growth of 3.5-4.5% on QoQ basis.
15 Oct 2010 Daily Recommendations
15 Oct 2010 Morning Market Updates 08:58
FYI
Note : Follow Byt recommendations in Positive market bias & v.v.
Buy Ambujacem Abv 144 sl 143 T 147
Buy HDFCBank Abv 2445 sl 2410 T 2505 P
Buy Tatasteel sl 444 T 667
Buy Cumminsind Abv 746 sl 736 T 768
Buy Sesagoa Abv 376 sl 372 T 384
Sell Aban Bel 863 sl 872 T 852
Sell Axisbank Bel 1548 sl 1560 T 1530
Sell Cairn Bel 336 sl 339 T 332
Sell Cipla sl 337 T 330
Sell Herohonda Bel 1848 sl 1861 T 1835/1823
Sell ICICIBank Bel 1131 sl 1142 T 1117
Sell SBIN Bel 3234 sl 3262 T 2187
Sell Bajaj-auto Bel 1520 sl 1532 T 1503
Stocks in News :
Results Today: Infosys, Karnataka Bank, DCB, Manappuram Gen, Venus Remedies
Kernex Microsystems
-Sales at Rs 14.2 crore versus Rs 50 lakh
-PAT at Rs 2.9 crore versus loss of Rs 3.2 crore
Rallis ---growth momentum continues - Q2FY11 YoY
-Revenues up 15% to Rs 368 crore versus Rs 321 crore
-OPM 24% versus 23%
-PAT Rs 58.7 crore versus Rs 45.7 crore, up 28%
-Total expenses higher by 14% but margins improve due to higher base
-Net Interest income of Rs 6 lakh versus outgo of Rs 5.5 crore
Mobile connection - Sources:
-Buying a mobile connection set to get tougher
-User liability set to increase for verification
-Rs 50,000 fine for violations in activation procees
-Rs 50,000 fine for delay in timely disconnection
-3-stage SIM card activation process proposed
-Seller to physically verify SIM buyer at sale
Other stocks and sectors that are in news today:
-Bharti looks to exit MF business – ET
-Raymond close to reaching deal with labour union on Thane Realty project – ET
-Eros Signs Rs 50 crore deal with ZEE for forthcoming films – ET
-DGH delays clearing Rs 358 crore expenses – Mint
-ADAG Co looks to settle with SEBI in market violation case – BL
-DoT proposes new SIM verification norms
FYI
Note : Follow Byt recommendations in Positive market bias & v.v.
Buy Ambujacem Abv 144 sl 143 T 147
Buy HDFCBank Abv 2445 sl 2410 T 2505 P
Buy Tatasteel sl 444 T 667
Buy Cumminsind Abv 746 sl 736 T 768
Buy Sesagoa Abv 376 sl 372 T 384
Sell Aban Bel 863 sl 872 T 852
Sell Axisbank Bel 1548 sl 1560 T 1530
Sell Cairn Bel 336 sl 339 T 332
Sell Cipla sl 337 T 330
Sell Herohonda Bel 1848 sl 1861 T 1835/1823
Sell ICICIBank Bel 1131 sl 1142 T 1117
Sell SBIN Bel 3234 sl 3262 T 2187
Sell Bajaj-auto Bel 1520 sl 1532 T 1503
Stocks in News :
Results Today: Infosys, Karnataka Bank, DCB, Manappuram Gen, Venus Remedies
Kernex Microsystems
-Sales at Rs 14.2 crore versus Rs 50 lakh
-PAT at Rs 2.9 crore versus loss of Rs 3.2 crore
Rallis ---growth momentum continues - Q2FY11 YoY
-Revenues up 15% to Rs 368 crore versus Rs 321 crore
-OPM 24% versus 23%
-PAT Rs 58.7 crore versus Rs 45.7 crore, up 28%
-Total expenses higher by 14% but margins improve due to higher base
-Net Interest income of Rs 6 lakh versus outgo of Rs 5.5 crore
Mobile connection - Sources:
-Buying a mobile connection set to get tougher
-User liability set to increase for verification
-Rs 50,000 fine for violations in activation procees
-Rs 50,000 fine for delay in timely disconnection
-3-stage SIM card activation process proposed
-Seller to physically verify SIM buyer at sale
Other stocks and sectors that are in news today:
-Bharti looks to exit MF business – ET
-Raymond close to reaching deal with labour union on Thane Realty project – ET
-Eros Signs Rs 50 crore deal with ZEE for forthcoming films – ET
-DGH delays clearing Rs 358 crore expenses – Mint
-ADAG Co looks to settle with SEBI in market violation case – BL
-DoT proposes new SIM verification norms
Infosys Expectations
Infosys Expectations :
Tomorrow, India's biggest Software organization, Infosys will announce its FY11 Q2 results.
1,726.15 crore in the second quarter of this fiscal as compared to Rs. 1,488 crore reported in the first quarter of this fiscal.On the sales front, they estimate that the IT bellwether is likely to post a quarter-on-quarter 9.46 per cent growth in the second quarter.
EBIDTA margins estimated at 33.4% vs 31.7% (QoQ, consolidated)
Margins growth on robust volume growth (estimated at 7-8% QoQ)
Rupee might actually help, average depreciation against USD at 1.73%
4-6% revenue growth guidance expected for Q3 from Infosys.
Other Major Results :
Karnataka Bank (15/10/2010)
Bajaj Auto (18/10/2010)
Cadila (18/10/2010)
Concor (18/10/2010)
Hcltech (18/10/2010)
HDFC Bank (18/10/2010)
Polaris (18/10/2010)
Religare (18/10/2010)
Tata Coffee (18/10/2010)
Tomorrow, India's biggest Software organization, Infosys will announce its FY11 Q2 results.
1,726.15 crore in the second quarter of this fiscal as compared to Rs. 1,488 crore reported in the first quarter of this fiscal.On the sales front, they estimate that the IT bellwether is likely to post a quarter-on-quarter 9.46 per cent growth in the second quarter.
EBIDTA margins estimated at 33.4% vs 31.7% (QoQ, consolidated)
Margins growth on robust volume growth (estimated at 7-8% QoQ)
Rupee might actually help, average depreciation against USD at 1.73%
4-6% revenue growth guidance expected for Q3 from Infosys.
Other Major Results :
Karnataka Bank (15/10/2010)
Bajaj Auto (18/10/2010)
Cadila (18/10/2010)
Concor (18/10/2010)
Hcltech (18/10/2010)
HDFC Bank (18/10/2010)
Polaris (18/10/2010)
Religare (18/10/2010)
Tata Coffee (18/10/2010)
Thursday, October 14, 2010
14 Oct 2010 Daily Recommendations
14 Oct 2010 Daily Recommendation 08:42
Market will open with higher side and may cross 6300 level. Will it make a new high today ?
FYI:
Note : Follow Byt recommendations in Postive market bias and v.v.
Buy Bhartiartl sl 342 T 353/357
Buy DLF sl 382 T 394
Buy HDFC sl 729 T 751
Buy SBIN sl 3288 T 3334
Buy Ambujacem Abv 144 sl 142 T 148
Buy BPCL Abv 763 sl 758 T 772
Buy HDFCBank Abv 2448 sl 2424 T 2482
Buy Hindunilvr Abv 304 sl 300 T 310
Buy ITC Abv 176 sl 174 T 180
Buy NTPC Abv 208 sl 205 T 212
Buy Ranbaxy Abv 710 sl 703 T 718/724
Buy Tatasteel Abv 641 sl 635 T 656
Buy Andhrabank Abv 174 sl 171 T 180
Buy Hindpetro Abv 523 sl 515 T 538
Buy Kotakbank Abv 526 sl 513 T 542
Buy IVRCLINfra Abv 166 sl 164 T 170
Buy Finantech Abv 1205 sl 1150 T 1370
Hold Long Nifty Fut sl 6240 T 6357
Hold Long Banknifty Fut sl 12777 T 12880
Hold Long Gail Ref.12/10 sl 498 T 518
Hold Long Herohonda Ref.12/10 sl 1865 T 1920
Hold Long Idea Ref.13/10 sl 72.7 T 76
Hold Long Ster sl 179 T 192
Sell Sail Bel 223 sl 225 T 219
Sell Bajaj-auto Bel 1517 sl 1532 T 1498
Sell Biocon Bel 398 sl 402 T 390
Sell Mundraport Bel 171 sl 175 T 166
FIIs Activity Report :
FIIs Bought 5834 Cr , Sold 3731Cr , Net 2103 Cr
DIIs Bought 1342 Cr , Sold 2696 Cr , Net -1355 Cr
Market will open with higher side and may cross 6300 level. Will it make a new high today ?
FYI:
Note : Follow Byt recommendations in Postive market bias and v.v.
Buy Bhartiartl sl 342 T 353/357
Buy DLF sl 382 T 394
Buy HDFC sl 729 T 751
Buy SBIN sl 3288 T 3334
Buy Ambujacem Abv 144 sl 142 T 148
Buy BPCL Abv 763 sl 758 T 772
Buy HDFCBank Abv 2448 sl 2424 T 2482
Buy Hindunilvr Abv 304 sl 300 T 310
Buy ITC Abv 176 sl 174 T 180
Buy NTPC Abv 208 sl 205 T 212
Buy Ranbaxy Abv 710 sl 703 T 718/724
Buy Tatasteel Abv 641 sl 635 T 656
Buy Andhrabank Abv 174 sl 171 T 180
Buy Hindpetro Abv 523 sl 515 T 538
Buy Kotakbank Abv 526 sl 513 T 542
Buy IVRCLINfra Abv 166 sl 164 T 170
Buy Finantech Abv 1205 sl 1150 T 1370
Hold Long Nifty Fut sl 6240 T 6357
Hold Long Banknifty Fut sl 12777 T 12880
Hold Long Gail Ref.12/10 sl 498 T 518
Hold Long Herohonda Ref.12/10 sl 1865 T 1920
Hold Long Idea Ref.13/10 sl 72.7 T 76
Hold Long Ster sl 179 T 192
Sell Sail Bel 223 sl 225 T 219
Sell Bajaj-auto Bel 1517 sl 1532 T 1498
Sell Biocon Bel 398 sl 402 T 390
Sell Mundraport Bel 171 sl 175 T 166
FIIs Activity Report :
FIIs Bought 5834 Cr , Sold 3731Cr , Net 2103 Cr
DIIs Bought 1342 Cr , Sold 2696 Cr , Net -1355 Cr
Wednesday, October 13, 2010
13 Oct 2010 Closing Market Updates, 5th Highest Closing on Nifty50 ever.
13 Oct 2010 Closing Market Updates 15:30
Ignoring disappointing IIP numbers declared yesterday, market zoomed today. All round buying lift the Nifty to end at 5th highest postion ever. Nifty ended with 140.60 points of gain at 6231.50. Sensex ended at 20672.58 with 469.24 points in positive. Highest closing even in Nifty was 6287.85 on 8th Jan 2008, second highest closing was 6279.1 on 7th Jan 2008, third highest closing was 6274.3 on 6th Jan 2008 and fourth highest closing was 6272 on 9th Jan 2008. Today's (adjusted)closing is 6233.90, the fifth highest ever till today in Indian Capital Market history.
All BSE sectoral indices gained today, IT gained the most by 3.15% followed by Teck, Capital Goods, Realty, FMCG and Banking.
In Nifty 50 stocks, just 2 stocks closed in negative.JP Associates gained the most by 4.68% in Nifty50 stocks whereas NTPC closed with 1.36% in red followed by Herohonda with 0.02%.
New listed Va Tech was the most gained the stock on NSE and also the turnover topper by the traded value. KGL was the most traded stock on NSE today.
Advance /Decline ratio was positive with 2.4 : 1 as 965 stocks gained and 401 stocks declined today on NSE.
Ignoring disappointing IIP numbers declared yesterday, market zoomed today. All round buying lift the Nifty to end at 5th highest postion ever. Nifty ended with 140.60 points of gain at 6231.50. Sensex ended at 20672.58 with 469.24 points in positive. Highest closing even in Nifty was 6287.85 on 8th Jan 2008, second highest closing was 6279.1 on 7th Jan 2008, third highest closing was 6274.3 on 6th Jan 2008 and fourth highest closing was 6272 on 9th Jan 2008. Today's (adjusted)closing is 6233.90, the fifth highest ever till today in Indian Capital Market history.
All BSE sectoral indices gained today, IT gained the most by 3.15% followed by Teck, Capital Goods, Realty, FMCG and Banking.
In Nifty 50 stocks, just 2 stocks closed in negative.JP Associates gained the most by 4.68% in Nifty50 stocks whereas NTPC closed with 1.36% in red followed by Herohonda with 0.02%.
New listed Va Tech was the most gained the stock on NSE and also the turnover topper by the traded value. KGL was the most traded stock on NSE today.
Advance /Decline ratio was positive with 2.4 : 1 as 965 stocks gained and 401 stocks declined today on NSE.
13 Oct 2010 Daily Recommendations
13 Oct 2010 Morning Market Updates 08:59
FYI
Daily Recommendations :
Note : Follow Buy recommendations in Positive market bias & v.v.
Buy Idea Abv 73.8 sl 72.7 T 76
Buy Maruti Abv 1530(Close) sl 1518 T 1575 P
Hold Long Concor sl 1316 T 1380
Buy Cumminsind Abv 746 sl 736 T 768
Buy Lupin sl 419 T 432
Buy Techm Abv 780 sl 772 T 792/804 P
Buy Uniphos sl 188 T 196/199
Buy Jisljaleqs sl 1138 T 1237 P
Sell Axisbank Bel 1540 sl 1550 T 1525
Sell BHEL Bel 2538 sl 2552 T 2512
Hold Short DLF Ref.12/10 sl 377 T 368
Sell HCLTech Bel 425 sl 430 T 420/411
Sell Hindalco Bel 208 sl 211 T 198 P
Sell ICICIBank Bel 1126 sl 1134 T 1110
Sell IDFC Bel 204 sl 207 T 200
Sell Infosystch Bel 3057 sl 3073 T 3025
Hold Short Jindalstel Ref.12/10 sl 719 T 700
Sell PNB Bel 1301 sl 1309 T 1292
Sell Powergrid Bel 108 sl 109.75 T 105
Sell Rpower Bel 162.5 sl 165 T 160/158
Sell SBIN Bel 3215 sl 3244 T 3165 P
Sell Siemens Bel 810 sl 818 T 798
Sell TCS Bel 940 sl 948 T 929
Sell Wipro Bel 460 sl 464 T 454/448 P
Sell Bajaj-Auto Bel 1509
Sell Bankindia sl 555 T 537
Sell Corpbank Bel 706 sl 713 T 695
Sell Glenmark Bel 302 sl 308 T 296
Hold Short HDIL sl 271 T 259
Sell Ibrealest Bel 180 sl 184 T 175
Sell IDBI Bel 155 sl 157 T 151
Sell Kotakbank Bel 498 sl 504 T 489
Sell LICHSGFIN Bel 1402 sl 1412 T 1383
Sell RIIL Bel 888
Stocks in News :
Results Today: Arrow textiles, Jindal Poly, Stone India, Elpro Intl, Honey well Automation,
Coal Minister Says
-Coal India IPO price band at Rs 225-245/share
-Expect to raise over Rs 15,000 crore from Coal India IPO
-5% discount for employees & retail investors in CIL IPO
-Not to rope in anchor investors in Coal India IPO
Coal India Chairman Says
-Done away with anchor investor for IPO
-Satisfied with IPO price band
-Will attract retail & QIB investors
-CIL to list on November 4
IPOs & Listing
-SCI says have filed draft papers for FPO: NW18
-Listing today: VA Tech Wabag
-Gyscoal Alloys IPO opens for subscription
Castrol India Q3
-Net profit at Rs 117 crore versus Rs 95.6 crore (YoY)
-Net sales at Rs 641 crore versus Rs 565 crore (YoY)
Magma Fincorp Q2
-Net profit at Rs 25.8 crore
-Net sales at Rs 185 crore
SPIC (Southern Petrochemical Industries Corporation)
-SPIC starts trial production at the tuticorin plant in Tamil Nadu
-Plant was shut down in 2007 due to financial constraints
-Promoters have infused Rs 50 crore, another Rs 100 crore in the pipeline
-Pioneer Embroideries: Board meet to consider fund raising
-Pfizer Inc said it will acquire King Pharmaceuticals in an all-cash deal worth USD 3.6 billion
-Peace accord may be in works at SKS, small section of investors and independent directors are exploring the possibility of brokering peace – ET
-A few biz associates of Kansagra family moves US court blocking the Maran-Spicejet deal, alleging they were not consulted – ET
-Fight between Man Ind brothers hots up, resulting in one of them approaching the CLB – ET
-MRF strike called off, production was halted in 2 plants yesterday because of strike – BS
-Uflex board meet on 13th to review the status of Rights Issue and to discuss other matters
-Birla Shloka allot 19.94 lakh warrants at Rs 68/sh to promoters
-Comouage Infocom board approves increasing investment limit by FII
-Rodium Realty: Board meet on October 22nd to evaluate fund raising
-Easun Reyrolle: Board approves issue of 2 million warrants to promoters
-In F&O ban:
Core projects, EKC, Essar oil, Ispat, Jindal Southwest Holdings, Orchid Chem, Punj Lloyd, Reliance Media
F&O cues:
Stock futures add 1.62 cr shares in Open Int
Futures Open Int was down Rs 278 crore, Options Open Int was up Rs 1950 crore.
Nifty futures shed 9k shares in Open Int, at 28 pts prem versus 25-pts prem
Nifty Open Int PCR up at 1.33 versus 1.30
Nifty Puts add 22.8 lakh shares, Calls add 1.7 lakh shares in Open Int
Nifty 6000 Put adds 7.8 lakh shares in Open Int
Nifty 6100 Call adds 5.9 lakh shares in Open Int
Nifty 5900 Put adds 5.5 lakh shares in Open Int
Nifty 6200 Call adds 4.2 lakh shares in Open Int
Nifty 5800 Put adds 3.9 lakh shares in Open Int
Nifty 6400 Call shed 7.2 lakh shares in Open Int
FIIs in F&O on October 12
Net sell Rs 351 crore in Nifty futures, Open Int down 3,170 contracts
Net buy Rs 715 crore in Nifty options, Open Int up 23,975 contracts
Net sell Rs 897 crore in Stock futures, Open Int up 5,935 contracts (FIIs had sold Rs 6,736 cr series till date in stock futures)
FYI
Daily Recommendations :
Note : Follow Buy recommendations in Positive market bias & v.v.
Buy Idea Abv 73.8 sl 72.7 T 76
Buy Maruti Abv 1530(Close) sl 1518 T 1575 P
Hold Long Concor sl 1316 T 1380
Buy Cumminsind Abv 746 sl 736 T 768
Buy Lupin sl 419 T 432
Buy Techm Abv 780 sl 772 T 792/804 P
Buy Uniphos sl 188 T 196/199
Buy Jisljaleqs sl 1138 T 1237 P
Sell Axisbank Bel 1540 sl 1550 T 1525
Sell BHEL Bel 2538 sl 2552 T 2512
Hold Short DLF Ref.12/10 sl 377 T 368
Sell HCLTech Bel 425 sl 430 T 420/411
Sell Hindalco Bel 208 sl 211 T 198 P
Sell ICICIBank Bel 1126 sl 1134 T 1110
Sell IDFC Bel 204 sl 207 T 200
Sell Infosystch Bel 3057 sl 3073 T 3025
Hold Short Jindalstel Ref.12/10 sl 719 T 700
Sell PNB Bel 1301 sl 1309 T 1292
Sell Powergrid Bel 108 sl 109.75 T 105
Sell Rpower Bel 162.5 sl 165 T 160/158
Sell SBIN Bel 3215 sl 3244 T 3165 P
Sell Siemens Bel 810 sl 818 T 798
Sell TCS Bel 940 sl 948 T 929
Sell Wipro Bel 460 sl 464 T 454/448 P
Sell Bajaj-Auto Bel 1509
Sell Bankindia sl 555 T 537
Sell Corpbank Bel 706 sl 713 T 695
Sell Glenmark Bel 302 sl 308 T 296
Hold Short HDIL sl 271 T 259
Sell Ibrealest Bel 180 sl 184 T 175
Sell IDBI Bel 155 sl 157 T 151
Sell Kotakbank Bel 498 sl 504 T 489
Sell LICHSGFIN Bel 1402 sl 1412 T 1383
Sell RIIL Bel 888
Stocks in News :
Results Today: Arrow textiles, Jindal Poly, Stone India, Elpro Intl, Honey well Automation,
Coal Minister Says
-Coal India IPO price band at Rs 225-245/share
-Expect to raise over Rs 15,000 crore from Coal India IPO
-5% discount for employees & retail investors in CIL IPO
-Not to rope in anchor investors in Coal India IPO
Coal India Chairman Says
-Done away with anchor investor for IPO
-Satisfied with IPO price band
-Will attract retail & QIB investors
-CIL to list on November 4
IPOs & Listing
-SCI says have filed draft papers for FPO: NW18
-Listing today: VA Tech Wabag
-Gyscoal Alloys IPO opens for subscription
Castrol India Q3
-Net profit at Rs 117 crore versus Rs 95.6 crore (YoY)
-Net sales at Rs 641 crore versus Rs 565 crore (YoY)
Magma Fincorp Q2
-Net profit at Rs 25.8 crore
-Net sales at Rs 185 crore
SPIC (Southern Petrochemical Industries Corporation)
-SPIC starts trial production at the tuticorin plant in Tamil Nadu
-Plant was shut down in 2007 due to financial constraints
-Promoters have infused Rs 50 crore, another Rs 100 crore in the pipeline
-Pioneer Embroideries: Board meet to consider fund raising
-Pfizer Inc said it will acquire King Pharmaceuticals in an all-cash deal worth USD 3.6 billion
-Peace accord may be in works at SKS, small section of investors and independent directors are exploring the possibility of brokering peace – ET
-A few biz associates of Kansagra family moves US court blocking the Maran-Spicejet deal, alleging they were not consulted – ET
-Fight between Man Ind brothers hots up, resulting in one of them approaching the CLB – ET
-MRF strike called off, production was halted in 2 plants yesterday because of strike – BS
-Uflex board meet on 13th to review the status of Rights Issue and to discuss other matters
-Birla Shloka allot 19.94 lakh warrants at Rs 68/sh to promoters
-Comouage Infocom board approves increasing investment limit by FII
-Rodium Realty: Board meet on October 22nd to evaluate fund raising
-Easun Reyrolle: Board approves issue of 2 million warrants to promoters
-In F&O ban:
Core projects, EKC, Essar oil, Ispat, Jindal Southwest Holdings, Orchid Chem, Punj Lloyd, Reliance Media
F&O cues:
Stock futures add 1.62 cr shares in Open Int
Futures Open Int was down Rs 278 crore, Options Open Int was up Rs 1950 crore.
Nifty futures shed 9k shares in Open Int, at 28 pts prem versus 25-pts prem
Nifty Open Int PCR up at 1.33 versus 1.30
Nifty Puts add 22.8 lakh shares, Calls add 1.7 lakh shares in Open Int
Nifty 6000 Put adds 7.8 lakh shares in Open Int
Nifty 6100 Call adds 5.9 lakh shares in Open Int
Nifty 5900 Put adds 5.5 lakh shares in Open Int
Nifty 6200 Call adds 4.2 lakh shares in Open Int
Nifty 5800 Put adds 3.9 lakh shares in Open Int
Nifty 6400 Call shed 7.2 lakh shares in Open Int
FIIs in F&O on October 12
Net sell Rs 351 crore in Nifty futures, Open Int down 3,170 contracts
Net buy Rs 715 crore in Nifty options, Open Int up 23,975 contracts
Net sell Rs 897 crore in Stock futures, Open Int up 5,935 contracts (FIIs had sold Rs 6,736 cr series till date in stock futures)
Discalimer:This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as an informative. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to Buy or Sell or a solicitation to Buy or Sell any security. The information contained in this report other than recommendations 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, business associates, its directors 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 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 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. 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.
Tuesday, October 12, 2010
Review of Today's Free Recommendations
Review of Today's Free Recommendations :
Colour Code :
Not Initiated
Partially Achieved
Fully Achieved
Sl triggered
Buy Gail sl 489 T 504
Buy Herohonda sl 1868 T 1890
Buy Maruti Abv 1530 sl 1518 T 1575 P
Buy Ster Abv 182 sl 177 T 192
Buy Concor Abv 1340 sl 1311 closing T 1380 P
Buy Cumminsind Abv 746 sl 736 T 768
Sell ACC Bel 1011 sl 1017 T 998
Sell Axisbank Bel 1540 sl 1550 T 1525
Sell DLF Bel 375 sl 380 T 368
Sell Gail Bel 481 sl 485 T 477/473
Sell ICICIBank Bel 1126 sl 1134 T 1110
Sell Infosystch Bel 3057 sl 3073 T 3025
Sell Jindalstel Bel 717 sl 726 T 700
Sell M&M Bel 708 sl 715 T 692
Sell Tatapower Bel 1414 sl 1424 T 1403/1390
Sell TCS Bel 940 sl 948 T 929
Sell Crompgreav Bel 318 sl 321 T 312
Sell HDIL Bel 269 sl 274 T 259
Sell Unionbank Bel 384 sl 389 T 380
Sell Videoind Bel 275 sl 280 T 265
For any query, call on +919975060000 between 15:30 to 17:00 only.
Colour Code :
Not Initiated
Partially Achieved
Fully Achieved
Sl triggered
Buy Gail sl 489 T 504
Buy Herohonda sl 1868 T 1890
Buy Maruti Abv 1530 sl 1518 T 1575 P
Buy Ster Abv 182 sl 177 T 192
Buy Concor Abv 1340 sl 1311 closing T 1380 P
Buy Cumminsind Abv 746 sl 736 T 768
Sell ACC Bel 1011 sl 1017 T 998
Sell Axisbank Bel 1540 sl 1550 T 1525
Sell DLF Bel 375 sl 380 T 368
Sell Gail Bel 481 sl 485 T 477/473
Sell ICICIBank Bel 1126 sl 1134 T 1110
Sell Infosystch Bel 3057 sl 3073 T 3025
Sell Jindalstel Bel 717 sl 726 T 700
Sell M&M Bel 708 sl 715 T 692
Sell Tatapower Bel 1414 sl 1424 T 1403/1390
Sell TCS Bel 940 sl 948 T 929
Sell Crompgreav Bel 318 sl 321 T 312
Sell HDIL Bel 269 sl 274 T 259
Sell Unionbank Bel 384 sl 389 T 380
Sell Videoind Bel 275 sl 280 T 265
For any query, call on +919975060000 between 15:30 to 17:00 only.
12 Oct 2010 Closing Market Updates
12 Oct 2010 Closing Market Updates 15:30
Market opened with gap dow because of global weakness.Later on announcement of August IIP numbers draged the market more to end up with considerable losses.Nifty ended at 6086.30, down 49.55 points whereas Sensex ended at 20190.59 with a loss of 149.30 points.Nifty Oct month future closed at 6113.10 with a premium of 26.8 points.
The IIP for the month of August came in at 5.6% as against 10.6% in same period of previous year. Manufacturing sector growth declined at 5.9% versus 10.6%, mining sector growth at 7% as against 11% and electricity sector growth at 1% versus 10.6% (YoY).
The worst part - growth in capital goods sector came in negative 2.6% versus positive 9.2% and even consumer non-durables at (-1.2% versus 6.1% on year-on-year basis.
The infrastructure numbers which represents around 27% of the IIP numbers is released in advance. It has achieved a poor growth of only 3.7% in August.
April-August industrial growth is at 10.6% compared to 5.9% (YoY). During the month, manufacturing sector has achieved a growth of 5.9% (YoY), mining sector at 7% while consumer goods grew at 6.9%.
However, key sector capital goods growth has fallen as low as 2.6% (YoY) and consumer non-durable growth has slipped, a recording low of 1.2% (YoY).
Consumer durable goods has seen a strong growth of 26.5% (YoY) while basic goods has achieved a growth of only 3.7% (YoY).
Among BSE Sectoral indices,Healthcare index rose the most by 0.31% whereas Realty slided the most by 1.82%.
In Nifty50 stocks, M&M gained the most by 1.33% to end at 716.90 while Kotakbank declined the most by 3.16% to end at 503.50
New listed Tecpro was the turnover topper by the traded value whereas IFCI was the most traded stock on NSE today by the number of shares traded.
Advance / Decline Ratio was negative today as 899 stocks declined and 460 stocks gained today on NSE.
Quick snapshot at August IIP number Aug Industrial output :
• Aug industrial growth 5.6% vs 10.6% year ago
Disaapointments
· Aug manufacturing sector growth 5.9% vs 10.6% year ago.
· Aug electricity sector growth 1.0% vs 10.6% year ago.
· Aug basic goods growth 3.7% vs 7.7% year ago.
· Aug capital goods growth (-)2.6% vs 9.2% year ago.
· Aug consumer non-durables growth (-)1.2% vs 6.1% yr ago.
Positives
• Aug consumer goods growth 6.9% vs 10.9% year ago.
• Aug consumer durable goods growth 26.5% vs 24.7% yr ago.
• Aug mining sector growth 7.0% vs 11.0% year ago.
• Aug intermediate goods growth 10.0% vs 14.4% year ago.
• July industrial growth revised to 15.2% vs 13.8% (prov.)
Key Takeaways
• Industrial growth should be seen quarterly, not monthly.
• Growth will be a modest 10%; not mediocre, not mercurial.
• RBI will look at inflation; may hike once more.
Market opened with gap dow because of global weakness.Later on announcement of August IIP numbers draged the market more to end up with considerable losses.Nifty ended at 6086.30, down 49.55 points whereas Sensex ended at 20190.59 with a loss of 149.30 points.Nifty Oct month future closed at 6113.10 with a premium of 26.8 points.
The IIP for the month of August came in at 5.6% as against 10.6% in same period of previous year. Manufacturing sector growth declined at 5.9% versus 10.6%, mining sector growth at 7% as against 11% and electricity sector growth at 1% versus 10.6% (YoY).
The worst part - growth in capital goods sector came in negative 2.6% versus positive 9.2% and even consumer non-durables at (-1.2% versus 6.1% on year-on-year basis.
The infrastructure numbers which represents around 27% of the IIP numbers is released in advance. It has achieved a poor growth of only 3.7% in August.
April-August industrial growth is at 10.6% compared to 5.9% (YoY). During the month, manufacturing sector has achieved a growth of 5.9% (YoY), mining sector at 7% while consumer goods grew at 6.9%.
However, key sector capital goods growth has fallen as low as 2.6% (YoY) and consumer non-durable growth has slipped, a recording low of 1.2% (YoY).
Consumer durable goods has seen a strong growth of 26.5% (YoY) while basic goods has achieved a growth of only 3.7% (YoY).
Among BSE Sectoral indices,Healthcare index rose the most by 0.31% whereas Realty slided the most by 1.82%.
In Nifty50 stocks, M&M gained the most by 1.33% to end at 716.90 while Kotakbank declined the most by 3.16% to end at 503.50
New listed Tecpro was the turnover topper by the traded value whereas IFCI was the most traded stock on NSE today by the number of shares traded.
Advance / Decline Ratio was negative today as 899 stocks declined and 460 stocks gained today on NSE.
Quick snapshot at August IIP number Aug Industrial output :
• Aug industrial growth 5.6% vs 10.6% year ago
Disaapointments
· Aug manufacturing sector growth 5.9% vs 10.6% year ago.
· Aug electricity sector growth 1.0% vs 10.6% year ago.
· Aug basic goods growth 3.7% vs 7.7% year ago.
· Aug capital goods growth (-)2.6% vs 9.2% year ago.
· Aug consumer non-durables growth (-)1.2% vs 6.1% yr ago.
Positives
• Aug consumer goods growth 6.9% vs 10.9% year ago.
• Aug consumer durable goods growth 26.5% vs 24.7% yr ago.
• Aug mining sector growth 7.0% vs 11.0% year ago.
• Aug intermediate goods growth 10.0% vs 14.4% year ago.
• July industrial growth revised to 15.2% vs 13.8% (prov.)
Key Takeaways
• Industrial growth should be seen quarterly, not monthly.
• Growth will be a modest 10%; not mediocre, not mercurial.
• RBI will look at inflation; may hike once more.
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