stock cash intraday

CORPORATE NEWS By CapitalStars 13/August/2019

noreply@blogger.com (CapitalStars07) — Tue, 13 Aug 2019 04:23:00 -0700

Yes Bank issues clarification regarding QIP

Shares of Yes Bank ended ~11% down in today's trade. The bank issued a clarification on the NSE today just before the closure of market hours. It stated, "It has been brought to the notice of Yes Bank management today that there are some rumors regarding the recently launched QIP on August 08, 2019. Through this intimation, we would like to confirm to the market participants, that the Board's Capital Raising Committee ("CRC") will consider and approve, amongst other things, the issue price for Equity Shares in respect of the QIP on August 14, 2019 (as was earlier communicated vide exchange release dated August 08, 2019). This intimation is intended to put to rest unnecessary speculation/ rumors being spread regarding the QIP."

Ipca Laboratories Q1 cons. net profit jumps 89%; stock down 3%

Ipca Laboratories Limited today announced its consolidated financial results for the first quarter ended June 30, 2019, of the financial year 2019-20. The company's Q1FY20 consolidated net profit was up 89% at Rs129.43cr vs. Rs68.55cr in the year-ago period. Total income also rose 23% at Rs1,098.53cr vs. Rs889.75cr.

Indiabulls Housing Finance jumps 11% post clarification

Shares of Indiabulls Housing Finance surged 11% after clarifying on the news item which appeared in the "economictimes.indiatimes.com" on August 09, 2019 captioned "Indiabulls founder to cede control after Lakshmi Vilas Bank merger". The company said that it has already applied for the approval of various regulators, including Reserve Bank of India, for the proposed merger of Indiabulls Housing Finance Limited along with its wholly-owned subsidiary company i.e. Indiabulls Commercial Credit Limited with The Lakshmi Vilas Bank Limited.

Reliance Capital down 6% on reports of plans to sell stake in home finance biz, take legal action against PwC

Media reports suggested that Reliance Capital is in talks with at least four companies to sell its stake in housing finance subsidiary Reliance Home Finance, which is under debt of around Rs11,500cr. According to reports, Reliance Capital is in talks with Varde Partners, AION Capital, Cerberus Management and Altico Capital India. From these, two companies are at an advanced stage of discussions with Reliance Capital.

Reliance Industries extends gain after Aramco deal

Shares of Reliance Industries Ltd (RIL) extended rally for the third straight day today. The company Chairman and Managing Director, Mukesh Ambani said that Saudi Aramco has agreed to a non-binding Letter of Intent (LOI) regarding a proposed investment in the Oil to Chemicals (O2C) division comprising the Refining, Petrochemicals and fuels marketing businesses of RIL, the company said on Monday at 42nd AGM. The deal with Aramco, which values the business at $75bn including debt, also includes an agreement for Aramco to sell up to 500,000 barrels per day (bpd) to Reliance's Jamnagar refinery in Gujarat.

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For more details call on 9977499927 or visit our website www.capitalstars.com

Closing Bell By CapitalStars 13/August/2019

noreply@blogger.com (CapitalStars07) — Tue, 13 Aug 2019 04:05:00 -0700

DAILY NIFTY SMART MOVERS

SCRIPTS PRICE CHANGE (Rs.) PRE. CLOSE CHANGE (%) VOLUME

Indiabulls Housing

573.65 505.55 13.47 68.10 2068.34

Reliance Industries

1275.00 1162.00 9.72 113.00 2091.82

Sun Pharma Inds.

437.55 421.90 3.71 15.65 903.98

Page Industries

18003.40 17677.80 1.84 325.60 2.71

GAIL India

125.75 123.70 1.66 2.05 442.89

DAILY NIFTY TOP LAGGARDS

SCRIPTS PRICE CHANGE (Rs.) PRE. CLOSE CHANGE (%) VOLUME

BHEL

50.55 56.90 -11.16 -6.35 2668.79

Yes Bank

73.60 82.10 -10.35 -8.50 13321.31

Motherson Sumi Sys

97.25 106.80 -8.94 -9.55 1066.82

Divis Lab

1520.00 1665.50 -8.74 -145.50 233.87

Mah & Mah Finl. Serv

298.15 319.10 -6.57 -20.95 130.09

BEST CALL OF THE DAY (FINAL TG )

HNI OPTION

BUY M&M PUT 530 FINAL TGT

OPTION PREMIUM

BUY RELIANCE CALL 1260 FINAL TGT

NIFTY FUTURE

SELL NIFTY FUT FINAL TGT

OPTION STRATEGY

BUY MUTHOOTFIN PUT 620 FINAL TGT

INDEX OPTION

BUY NIFTY PUT 11500 FINAL TGT

BLUECHIP FUTURE

BUY RELIANCE FUT FINAL TGT

FUTURE INTRADAY

SELL CADILAHC FUT FINAL TGT

FUTURE PREMIUM

SELL JUSTDIAL FUT FINAL TGT

CASH INTRADAY

BUY RELIANCE IN CASH ALMOST FINAL TGT

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For more details call on 9977499927 or visit our website www.capitalstars.com

Market Live By CapitalStars 13/August/2019

noreply@blogger.com (CapitalStars07) — Mon, 12 Aug 2019 21:18:00 -0700

Nifty likely to open flat.

The Nifty50 is expected to open flat on Tuesday following Asian markets which were trading largely mixed as fears about a drawn-out Sino-US trade war, protests in Hong Kong and a crash in Argentina peso currency drove investors to safe harbours like bonds, gold, and the yen. The sentiment was already weak due to increasing signs that the United States and China will not quickly resolve their year-long trade war, said a Reuters report. Markets were hit with further turbulence after protesters managed to close down Hong Kong airport on Monday, it said. Trends on SGX Nifty indicate a positive opening for the broader index in India, with 0.32 percent gain or 35.5 points. Nifty futures were trading around 11,125-level on the Singaporean Exchange.

Global Market:

Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.66% while the Hang Seng is down 1.38%. The Nikkei 225 is not trading.

US Markets: North and South American markets finished sharply lower today with shares in Brazil leading the region. The Bovespa is down 2.11% while Mexico's IPC is off 1.41% and U.S.'s S&P 500 is lower by 1.22%.

European Markets: European markets finished lower today with shares in London leading the region. The FTSE 100 is down 0.37% while France's CAC 40 is off 0.33% and Germany's DAX is lower by 0.12%.

Major Headlines of the day:

Rupee stands at 71.14 per dollar.

Saudi Aramco and Reliance Industries sign non-binding LoI to acquire a 20% stake in company oil & chemicals division Saudi Aramco potential 20% stake is based upon an Enterprise Value of US$ 75bn for the O2C division.

Syndicate Bank revises its MCLR rate; reduces it by 25bps The bank will continuously work towards offering a greater reduction in various products in the coming days based on external market benchmarks.

Earnings Reaction To Watch

BHARATFORGE

BLUESTAR

COALINDIA

GLENMARK

GNFC

GODREJIND

MANNAPURAM FIN

ONGC

RITES

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For more details call on 9977499927 or visit our website www.capitalstars.com

Opening Bell By CapitalStars 13/August/2019

noreply@blogger.com (CapitalStars07) — Mon, 12 Aug 2019 21:03:00 -0700

CS NIFTY FUTURES (AUG) OVERVIEW

TREND BEARISH

RES 2: 11420

RES 1: 11250

SUP 1: 11000

SUP 2: 10900

CS BANK NIFTY FUTURES (AUG) OVERVIEW

TREND BEARISH

RES 2: 28900

RES 1: 28750

SUP 1: 28200

SUP 2: 28000

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RIL rallied over 20% since last AGM: Investors eye GigaFiber, Jio Phone 3 launch

noreply@blogger.com (CapitalStars07) — Sun, 11 Aug 2019 21:54:00 -0700

The stock rallied from Rs 964 recorded on 5th July 2018 when RIL held its 41st AGM, to Rs 1,162 registered on Friday, 9 August, which translates into a rally of over 20 percent.

India’s second-largest company by market capitalisation, Reliance Industries will hold its 42nd annual general meeting (AGM) on Monday, August 12 in Mumbai which would be eyed by both investors as well as analyst community.

The stock rallied from Rs 964 recorded on 5th July 2018 when RIL held its 41st AGM, to Rs 1,162 registered on Friday, 9 August, which translates into a rally of over 20 percent.

Investors could see the launch of Jio Phone 3, commercial rollout and pricing of Jio’s broadband service GigaFiber, and the triple play plan for GigaFiber that bundles broadband, landline as well as television services, are also expected to be announced at the RIL AGM, CNBC-TV18 said quoting market sources.

Jio Phone 2 was launched at the last AGM and carried a price tag of Rs 2,999. Its next iteration, Jio Phone 3, is expected to be priced at Rs 4,500, the report added.

AK Prabhakar, Head of Research at IDBI Capital expects the launch of triple play plan for GigaFiber which bundles broadband with DTH as well as a telephone in one package. Pricing is something which will be watched by the D-Street.

The pricing for the broadband plans is expected to be in line with peers but RIL will sweeten the deal by making it a triple play —a combination of broadband-landline-TV OTT service. A base price of ranging between Rs 500-600 for GigaFiber is expected, according to CNBC-TV18 report.

Apart from Jio broadband rollout as well as the launch of Jio Phone 3, some analysts will also keep a close eye on the deleveraging plan, expansion on the retail front, as well as any important development on the refining front.

"Focus will be more on its retail, telecom business expansion plan, and fund mobilisation. Also, towards its oil refining business front some important announcement is expected," Sanjeev Jain, VP Equity Research at Sunness Capital India Pvt Ltd, told Moneycontrol.

Last week, Credit Suisse said that the company is expected to remain free-cash-flow negative over FY20-21, just as it has been for the last six years. The report further added that liabilities have dramatically gone up to $65 billion in FY19 from $19 billion in FY15.

Reliance Industries, the country's largest company by market capitalisation, reported a consolidated profit after tax of Rs 10,104 crore for the June quarter, up 6.8 percent from a year ago. The net profit also beat a poll of analysts which had pegged the profits at Rs 9,852 crore.

“Investors would watch out for some news from RIL on how it can substantially deleverage its balance sheet through either induction of a partner in the refinery business because there were some talks of a deal with Saudi Aramco,” Ajay Bodke CEO- PMS Prabhudas Lilladher told Moneycontrol.

The analyst would watch out for a medium-term plan for monetizing their stake in the refinery, retail, fiber, and tower business because the company has become net debt company from a net cash company amid expansion plans.

The second thing that investors would watch out for would be the return ratios, said Bodke. He further explained that with increased contribution of consumer-focused business like retail and telecom – investors would expect the return ratio of the company to move northwards to just premium valuations compared to pure-play refining and Petro companies.

Across the globe, refining and pro companies’ trade at a low PE ratio because they are capital intensive, explained Bodke.

Source: https://www.moneyco ntrol.com/news/business/markets/ril-rallies-over-20-since-last-agm-investors-eye-gigafiber-jio-phone-3-launch-4320371.html

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Investment trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

For more details call on 9977499927 or visit our website www.capitalstars.com

CORPORATE NEWS 09/August/2019

noreply@blogger.com (CapitalStars07) — Fri, 9 Aug 2019 03:47:00 -0700

MRF zooms ~5% as cons. PAT rises 3% yoy to Rs273.3cr in Q1FY20

Shares of tyre major MRF are trading ~5% higher after reporting Q1 results for the quarter ended June 2019.

The company's consolidated net profit rose 3% yoy to Rs273.3cr against Rs260.7cr.

Its revenue grew 16.5% yoy at Rs4, 471cr vs. Rs3, 836.3cr.

EBITDA rose 6.3% yoy at Rs612.3cr and EBDITA margin was at 13.7%.

Alembic Pharma gets USFDA tentative approval for Bimatoprost Ophthalmic Solution, 0.01%

Alembic Pharmaceuticals Limited announced that the Company has received tentative approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Bimatoprost Ophthalmic Solution, 0.01%. The tentatively approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), LUMIGAN ophthalmic solution 0.01%, of Allergan Inc. Bimatoprost Ophthalmic Solution, 0.01% is indicated for the reduction of elevated intraocular pressure in patients with open angle glaucoma or ocular hypertension.

Bimatoprost Ophthalmic Solution, 0.01% has an estimated market size of $704mn for twelve months ending December 2018 according to IQVIA.

Mahanagar Gas reports ~33% yoy jump in PAT for Q1FY20

Shares of Mahanagar Gas are down ~3% after opening up 2% in early trade. The company posted its Q1FY20 results on Thursday.

Mahanagar Gas' net profit rose 32.66% yoy to Rs170.24cr in the quarter under review.

Revenue went up on 22.55% yoy at Rs777.83cr for the June quarter.

The board in its meeting also approved the appointment of Dr. Ashutosh Karnatak as an additional Director (Non-Executive & Non Independent) and Chairman of the Company effective from August 01, 2019.

Britannia Ind. adjusted PAT up 3% yoy to Rs267cr in Q1FY20

Britannia Industries Ltd. (BIL), India leading Food Company, reported its Q1FY20 results today. The company's consolidated revenue rose 6% yoy for the quarter to Rs2, 677cr.

Adjusted Net Profit increased by 3% yoy to Rs267cr (Reported Net profit at Rs251cr).On the cost front, the company witnessed moderate inflation in the prices of key raw materials for the bakery business. However, the inordinate rise in milk prices impacted profitability of the company's Dairy business adversely.

Cadila Healthcare's Q1FY20 PAT falls 34% yoy in Q1FY20 to Rs303cr

Zydus Cadila announced its Q1FY20 results today.For the first quarter ended June 30, 2019, the company's consolidated net profit was down 34% yoy at Rs303.6cr against Rs 460.5cr.

Its revenue was up 20.8% yoy at Rs3, 496.3cr against Rs2, 893.7cr.

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For more details call on 9977499927 or visit our website www.capitalstars.com

Closing Bell By CapitalStars 09/August/2019

noreply@blogger.com (CapitalStars07) — Fri, 9 Aug 2019 03:34:00 -0700

DAILY NIFTY SMART MOVERS

SCRIPTS PRICE PRE. CLOSE CHANGE (%) CHANGE (Rs.) VOLUME

Indiabulls Housing

505.55 444.35 13.77 61.20 2382.95

Motherson Sumi Sys

106.80 98.35 8.59 8.45 912.56

Mah & Mah Finl. Serv

319.00 300.95 6.00 18.05 259.38

Eicher Motors

17600.05 16800.40 4.76 799.65 6.82

RBL Bank

384.20 367.35 4.59 16.85 915.92

DAILY NIFTY TOP LAGGARDS

SCRIPTS PRICE PRE. CLOSE CHANGE (%) CHANGE (Rs.) VOLUME

Yes Bank

82.10 89.15 -7.91 -7.05 14061.57

Page Industries

17625.00 18477.35 -4.61 -852.35 5.69

Cipla

485.20 503.30 -3.60 -18.10 1038.70

Hindalco

176.60 181.05 -2.46 -4.45 941.92

Tech Mahindra

664.50 680.65 -2.37 -16.15 99.48

BEST CALL OF THE DAY (FINAL TG )

NIFTY FUTURE

BUY NIFTY FUT FINAL TGT

HNI FUTURE

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For more details call on 9977499927 or visit our website www.capitalstars.com

Opening Bell By CapitalStars 09/August/2019

noreply@blogger.com (CapitalStars07) — Thu, 8 Aug 2019 21:02:00 -0700

CS NIFTY FUTURES (AUG) OVERVIEW

TREND BEARISH

RES 2: 11400

RES 1: 11250

SUP 1: 10950

SUP 2: 10800

CS BANK NIFTY FUTURES (AUG) OVERVIEW

TREND BEARISH

RES 2: 28820

RES 1: 28600

SUP 1: 28000

SUP 2: 27800

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For more details call on 9977499927 or visit our website www.capitalstars.com

Market Live By CapitalStars 09/August/2019

noreply@blogger.com (CapitalStars07) — Thu, 8 Aug 2019 20:46:00 -0700

Nifty likely to open flat-to-higher

The Nifty50 is expected to open flat-to-higher on Friday following positive trend seen in other Asian markets, but fresh concerns about Sino-US trade ties are likely to limit gains in the region. Weighing on risk appetite was a report from Bloomberg that Washington is delaying a decision about licenses for U.S. firms to restart trade with Huawei Technologies, said a Reuters report. On Wall Street, the S&P 500 registered its largest one-day percentage gain in about two months on Thursday, with the Dow and the Nasdaq also climbed more than 1 percent, added the report. Trends on SGX Nifty indicate a flat to positive opening for the broader index in India, with 0.09 percent gain or 10 points. Nifty futures were trading around 11,081-level on the Singaporean Exchange.

Global Market:

Asian Markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.74% while the Hang Seng is down 0.40%. The Shanghai Composite is not trading.

US Markets: North and South American markets finished broadly higher today with shares in Brazil leading the region. The Bovespa is up 1.91% while U.S.'s S&P 500 is up 1.88% and Mexico's IPC is up 0.02%.

European Markets: European markets closed sharply higher today with shares in France leading the region. The CAC 40 is up 2.31% while Germany's DAX is up 1.68% and London's FTSE 100 is up 1.21%.

Major Headlines of the day:

Rupee stands at 70.55 per dollar.

Britannia Industries Q1FY20E Result Expectation Company is expected to report 10.5% yoy growth in revenue led by 6.5% yoy volume growth; commentary on new launches to look for.

Stellar debut: Affle (India) lists at 25% premium The stock opened at Rs926, around 25% higher against the issue price on the National Stock Exchange (NSE) and touched a high and a low of Rs958.7 and Rs750 respectively.

India's domestic air passenger traffic rose 7.9% yoy in June 2019: IATA All regions recorded an increase in growth, led by airlines in Africa with capacity increasing 3.4% and load factor increasing by 1.6% to 83.8% in June 2019.

Aurobindo Pharma posts 39.5% rise in cons. net profit at Rs635.8cr Revenue from operations rose 28.1% yoy to Rs5,444.6cr during the quarter under review from Rs4,250cr in the corresponding quarter of the previous year.

Earnings Reaction To Watch

BHEL

BPCL

BRITANNIA

CADILAHC

GAIL

HINDALCO

MRF

NATCO PHARMA

NCC

OIL INDIA

PC JEWELLER

SHREE CEMENTS

SOBHA

SPICEJET

SUNTV

Trend in FII flows:- The FIIs were Net Value of Rs -437.39 segment while the DIIs were Net Value of 291.29 the provisional figures.

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For more details call on 9977499927 or visit our website www.capitalstars.com

CORPORATE NEWS By CapitalStars 08/August/2019

noreply@blogger.com (CapitalStars07) — Thu, 8 Aug 2019 04:08:00 -0700

Thermax stock gains ~3% after net profit up 29% in Q1

For the first quarter of FY19-20, at the consolidated level, Thermax's profit after tax for the quarter was higher by 29% at Rs63cr vs. Rs49cr in Q1FY19. Revenue was up 34% at Rs1, 392cr as compared to Rs1, 035cr in the corresponding quarter last year.

As on June 30, 2019, Thermax Group's order balance was down 18% at Rs5, 250cr vs. Rs6, 420cr in FY19. Order booking for the quarter was 26% lower at Rs1, 217cr on account of slowdown in investment sentiment witnessed in both domestic and international markets.

Cipla down 3% after muted Q1 nos, brokerage downgrades

Shares of Cipla fell 3% intraday and is currently trading 4% down after the pharma major reported weak numbers for the June quarter yesterday.

The pharma company's revenue declined in India and South Africa, which account for ~50% of its sales.Further, media reports stated that international brokerage firm CLSA downgraded Cipla to "sell" from "outperform" and cut the target price on the stock to Rs460 from Rs600.

CLSA also cut EPS (earning per share) estimates over FY20-22 by 9-14% owing to the absence of a near-term catalyst.

Maruti Suzuki cuts production by 25% yoy for 6th month in a row in July

Maruti Suzuki India cut its production in July by by 25.15% yoy, making it the sixth month in a row that the country's largest car maker reduced its output.

The company produced a total of 1, 33,625 units in July, compared with 1, 78,533 units in the year-ago month, according to the co's filing on the BSE.

Passenger vehicles' production last month stood at 1, 30,541 units as against 1,75,456 units in July 2018, a decline of 25.6% yoy.

Siemens stock soars 4.5% after Q3FY19 profit up by 21.4%

For the third quarter of Financial Year 2019 ended June 30, 2019, Siemens Ltd. registered profit after tax at Rs248cr, with an increase of 21.4 % over the same quarter last year. Revenue stood at Rs3, 110cr, a 4.9% increase over the same quarter in the preceding year.The company new orders stood at Rs3, 023, registering a 6.4% increase over the same quarter last year.

Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd., said, We have delivered very solid results in the third quarter although we see a slowdown in capex related ordering by our customers, both public and private, and across our market verticals. Liquidity is becoming a concern in the industry, with payments being delayed and inventory offtake slowing down. In this scenario, our focus continues driving our short term and digitalization businesses with a clear focus on profitable growth and working capital management.

Tata Steel divests 70% in Thailand arm to Synergy Metals & Mining Fund

Tata Steel's board on Wednesday approved of signing of a memorandum of understanding (MoU) with Dubai-based Synergy Metals and Mining Fund to divest 70% of its stake in Tata Steel Thailand.

Synergy Metals and Mining Fund is a private equity fund focussed on investments in the metals, mining, and natural resources sectors.The approval comes a day after Tata Steel announced that it will no longer be selling its South East Asian units including NatSteel and Tata Steel Thailand to China's Hesteel with which it had signed definitive agreements in January for the same.

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For more details call on 9977499927 or visit our website www.capitalstars.com

Closing Bell By CapitalStars 08/August/2019

noreply@blogger.com (CapitalStars07) — Thu, 8 Aug 2019 04:03:00 -0700

DAILY NIFTY SMART MOVERS
SCRIPTS PRICE PRE. CLOSE CHANGE (%) CHANGE (Rs.) VOLUME
Aurobindo Pharma
598.00 555.00 7.75 43.00 983.12
HCL Tech.
1094.00 1022.30 7.01 71.70 130.63
Tata Motors - DVR
58.60 55.00 6.55 3.60 624.90
Tata Motors
123.95 117.40 5.58 6.55 2522.17
JSW Steel
221.75 212.10 4.55 9.65 413.44

DAILY NIFTY TOP LAGGARDS
SCRIPTS PRICE PRE. CLOSE CHANGE (%) CHANGE (Rs.) VOLUME
Cummins India
602.50 652.65 -7.68 -50.15 104.20
Tata Steel
367.40 381.80 -3.77 -14.40 1269.54
Cipla
503.30 519.00 -3.03 -15.70 166.88
Lupin
761.20 781.75 -2.63 -20.55 175.72
Ultratech Cement
4231.70 4343.45 -2.57 -111.75 54.57

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OPTION PREMIUM

BUY AUROPHARMA CALL 580 FINAL TGT

BUY SIEMENS CALL 1160 FINAL TGT

BLUECHIP FUTURE

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HNI CASH

BUY HCLTECH IN CASH FINAL TGT

CASH INTRADAY

BUY AUROPHARMA IN CASH FINAL TGT

FUTURE INTRADAY

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Investment trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

For more details call on 9977499927 or visit our website www.capitalstars.com

Market Live By CapitalStars 08/August/2019

noreply@blogger.com (CapitalStars07) — Wed, 7 Aug 2019 21:39:00 -0700

Nifty likely to open higher.

The Nifty50 is expected to open higher on Thursday following a mixed trend seen in other Asian markets. Overnight, US markets closed mostly higher but rising worries over a global economic downturn capped gains. The Dow Jones Industrial Average fell 22.45 points to 26,007.07, the S&P 500 gained 2.21 points to 2,883.98 and the Nasdaq Composite added 29.56 points to 7,862.83. Back home, the S&P BSE Sensex fell 286 points to 36,690 while the Nifty50 closed 92 points lower at 10,855 on Wednesday. Trends on SGX Nifty indicate a flat to positive opening for the broader index in India, with 0.04 percent gain or 4 points. Nifty futures were trading around 10,869-level on the Singaporean Exchange.

Global Market:

Asian Markets: Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.59% while the Hang Seng is up 0.37%. The Shanghai Composite is not trading.

US Markets: North and South American markets finished broadly higher today with shares in Mexico leading the region. The IPC is up 1.63% while Brazil's Bovespa is up 0.61% and U.S.'s S&P 500 is up 0.08%.

European Markets: European markets finished higher today with shares in Germany leading the region. The DAX is up 0.71% while France's CAC 40 is up 0.61% and London's FTSE 100 is up 0.38%.

Major Headlines of the day:

Rupee stands at 70.80 per dollar.

UltraTech Cement Q1FY20E Result Expectation Company is expected to report 18.5% yoy growth in revenue led by ~16% yoy volume growth; ramp-up of Binani Cement plans to aid the volume growth.

Srei Infrastructure reports 69% yoy fall in cons. PAT to Rs42.67cr in Q1FY20 Total consolidated income for the quarter ended June 30, 2019, was at Rs1,582.58cr as against Rs1,548.93cr recorded during the quarter ended June 30, 2018.

Earnings Reaction To Watch

ADANI ENTERPRISE

ADANI TRANSPORT

EMAMI

GNFC

GODREJPROP

HEXAWARE

TATACHEM

THERMAX

UCO BANK

Trend in FII flows:- The FIIs were Net Value of Rs -383.66 segment while the DIIs were Net Value of 531.56 the provisional figures.

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Investment trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

For more details call on 9977499927 or visit our website www.capitalstars.com

Opening Bell By CapitalStars 08/August/2019

noreply@blogger.com (CapitalStars07) — Wed, 7 Aug 2019 21:23:00 -0700

CS NIFTY FUTURES (AUG) OVERVIEW

TREND BEARISH

RES 2: 11100

RES 1: 10980

SUP 1: 10710

SUP 2: 10590

CS BANK NIFTY FUTURES (AUG) OVERVIEW

TREND BEARISH

RES 2: 28190

RES 1: 27950

SUP 1: 27500

SUP 2: 27250

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Investment trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

For more details call on 9977499927 or visit our website www.capitalstars.com

CORPORATE NEWS By CapitalStars 07/August/2019

noreply@blogger.com (CapitalStars07) — Wed, 7 Aug 2019 04:15:00 -0700

Lupin up 2.5% as net profit jumps ~50% yoy in Q1FY20

Shares of Lupin Ltd. are currently up 2.5% on reporting Q1FY20 results.

In the quarter ended June 2019, sales came in at Rs4, 355cr compared to Rs4, 326cr in Q4FY19 (up 0.7% qoq) and Rs3, 775cr in Q1FY19 (up 15.4% yoy).

EBITDA for the quarter was Rs932cr compared to Rs711cr in Q1FY19 up 31.1% yoy.

Consequently, net profits for the quarter came in at Rs303.1cr vs. Rs202.8cr in Q1FY19, up 49.5% yoy.

The co's investment in Research and Development for the quarter was Rs378.5cr, which accounts for 8.7% of sales.

SBI to reduce MCLR by 15bps from August 10

Country largest lender State Bank of India (SBI) has announced the reduction in its MCLR by 15bps across all tenors The 1-year MCLR would come down to 8.25% p.a from 8.40% p.a. with effect from August 10, 2019. This is the fourth consecutive cut in MCLR in FY 2019-20.

With today MCLR cut, home loans have become cheaper by 35bps since April 10, 2019. Also, SBI is offering a Repo Linked Home Loan Product w.e.f July 1, 2019.

With today cut in the Policy rate, SBI effective Repo Linked Lending Rate (RLLR) for CC/ OD customers will stand revised to 7.65% w.e.f. September 01, 2019.

Cadila down 1% after USFDA classifies Moraiya unit as OAI

The company's filing on NSE read, "We wish to inform you that the Company has received a letter from the USFDA classifying the inspection conducted at the Company's Moraiya facility located at Ahmedabad, Gujarat from April, 22 2019 to May 3, 2019 as 'Official Action Indicated' (OAI). The Company believes that this classification will not have any impact on the current supplies or revenues of this facility."

The company is in the process of sending further updates of its corrective actions to the USFDA and remains hopeful of a positive outcome, it added.

Rain Industries closes Netherlands plant on eroding profits

Shares of Rain Industries rose 1% in the late morning trade on the BSE. The company said in the press release that Rain Carbon Inc., a leading global producer of carbon-based products, has approved the shutdown of its Uithoorn resins production facility in the Netherlands by the end of March 2020.

"In light of eroding profitability for hydrocarbon and C9 aromatic resins, particularly for printing inks and adhesives, our subsidiary RUTGERS Resins B.V. will cease production in Uithoorn by the end of the first quarter next year," said Rain Carbon President Gerry Sweeney.

Voltas net profit at Rs166cr in Q1FY20

Voltas Limited, the global air conditioning and engineering services provider of the Tata Group, today announced the Consolidated Financial Results (including the Consolidated Segment Report) for the quarter ended 30th June 2019.

The company's profit after tax was Rs166cr as compared to Rs187cr last year. The Consolidated Gross Sales / Income from Operations for the quarter ended June 30, 2019 was higher by 24%, at Rs2, 647cr as compared to Rs2, 134cr in the corresponding quarter last year.

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Investment trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

For more details call on 9977499927 or visit our website www.capitalstars.com

Closing Bell By CapitalStars 07/August/2019

noreply@blogger.com (CapitalStars07) — Wed, 7 Aug 2019 03:53:00 -0700

DAILY NIFTY SMART MOVERS

Company Name High Low Last Price Prev Close Change % Gain

Zee Entertain 340.75 313.05 327.90 312.45 15.45 4.94

Cipla 525.85 501.65 518.30 500.15 18.15 3.63

HUL 1,786.90 1,740.00 1,777.25 1,744.10 33.15 1.90

Yes Bank 92.00 86.10 86.85 85.35 1.50 1.76

Hero Motocorp 2,528.80 2,468.60 2,505.25 2,468.55 36.70 1.49

DAILY NIFTY TOP LAGGARDS

Company Name High Low Last Price Prev Close Change % Loss

Indiabulls Hsg 500.00 441.10 445.40 514.05 -68.65 -13.35

M&M 551.50 515.00 518.30 549.45 -31.15 -5.67

Tata Steel 396.50 375.85 381.90 401.60 -19.70 -4.91

Tata Motors 123.85 116.50 117.40 122.50 -5.10 -4.16

BPCL 346.95 329.25 331.10 345.30 -14.20 -4.11

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Investment trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

For more details call on 9977499927 or visit our website www.capitalstars.com

Opening Bell By CapitalStars 07/August/2019

noreply@blogger.com (CapitalStars07) — Tue, 6 Aug 2019 20:57:00 -0700

CS NIFTY FUTURES (AUG) OVERVIEW

TREND BEARISH

RES 2: 11240

RES 1: 11100

SUP 1: 10820

SUP 2: 10700

CS BANK NIFTY FUTURES (AUG) OVERVIEW

TREND BEARISH

RES 2: 28600

RES 1: 28390

SUP 1: 27900

SUP 2: 27720

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Investment trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

For more details call on 9977499927 or visit our website www.capitalstars.com

Market Live By CapitalStars 07/August/2019

noreply@blogger.com (CapitalStars07) — Tue, 6 Aug 2019 20:38:00 -0700

Nifty likely to open flat-to-lower.

The Nifty50 is expected to open flat-to-lower on Wednesday tracking Asian markets which were trading with positive bias. The rebound in sentiment came after the People Bank of China took stepped in to stabilise the yuan with a firmer-than-expected fixing. The yuan had fallen sharply on Monday, going past the symbolic 7-per-dollar level, and prompting Washington to label Beijing a currency manipulator in a major escalation of the year-long trade dispute between the world two largest economies, said a Reuters report. Overnight, U.S. stocks jumped more than 1 percent. The Dow Jones Industrial Average rose 311.78 points to 26,029.52, the S&P 500 gained 37.03 points to 2,881.77 and the Nasdaq Composite added 107.23 points to 7,833.27. Trends on SGX Nifty indicate a negative opening for the broader index in India, with a 0.47 percent loss or 51.5 points. Nifty futures were trading around 10,911-level on the Singaporean Exchange.

Global Market:

Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.24% while the Hang Seng is down 0.82%. The Nikkei 225 is not trading.

US Markets: North and South American markets finished broadly higher today with shares in Brazil leading the region. The Bovespa is up 2.06% while U.S.'s S&P 500 is up 1.30% and Mexico's IPC is up 0.73%.

European Markets: European markets finished lower today with shares in Germany leading the region. The DAX is down 0.78% while London's FTSE 100 is off 0.72% and France's CAC 40 is lower by 0.13%.

Major Headlines of the day:

Rupee stands at 70.96 per dollar.

IRB Infra gets Rs4,000cr investment by GIC affiliates for road biz As part of the transaction, IRB Infra will transfer 9 of its BOT assets into a private Infrastructure Investment Trust in which IRB will hold controlling stake of 51%.

Reliance Industries and BP expand partnership to sell transport fuels in India This is a further development of RIL and BP longstanding partnership, which began in 2011 and expanded in 2017 including an agreement to seek options to work together to develop differentiated fuels and mobility businesses.

Earnings Reaction To Watch

ADANI PORTS

ADANI POWER

AUROPHARMA

BAJAJ ELECTRIC

BALRAMPUR CHINI

CIPLA

CUMMINS

HCLTECH

HPCL

M&M

PETRONET

RAMCOCEM

TATASTEEL

VOLTAS

SIEMENS

Trend in FII flows:- The FIIs were Net Value of Rs -2107.93 segment while the DIIs were Net Value of 2289.05. the provisional figures.

Financial Advisory Company in Indore, Stock Advisory Company in Indore, Equity Tips, FreeTrading Tips , MCX Tips, sebi registered advisory company, Intraday stock tips, Free commodity tips

Investment trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

For more details call on 9977499927 or visit our website www.capitalstars.com

CORPORATE NEWS By CapitalStars 06/August/2019

noreply@blogger.com (CapitalStars07) — Tue, 6 Aug 2019 03:44:00 -0700

Indigo co-founder refutes reports of truce with Rahul Bhatia

Interglobe Aviation is trading flat after falling sharply in opening trade after co-founder Rakesh Gangwal said that reports regarding truce within the company were untrue.

In a letter dated August 5 filed by the co. on the exchanges, Gangwal told the board of IndiGo's parent InterGlobe Aviation that issues between him and Bhatia are yet to be resolved.Gangwal said he did not back a proposal by the airline to expand its board of directors to 10.

Last month, Rakesh Gangwal accused Rahul Bhatia of violating corporate governance rules at InterGlobe, calling for Sebi to intervene.

InterGlobe has lost nearly $1bn in market value on July 10 after the rout broke out, however, shares have recovered most of those losses since then with Indigo posting stellar results for the quarter ended June 2019.

RBI Monetary Policy Preview: Expecting a 25bps rate cut

Since the last policy, data and trends emerging indicate that inflation continues to be stable and is trending on the lower side. Further, growth has been muted on account of visible consumption slowdown as well as subdued investment outlook. Despite a late start, we have seen that the monsoon has reasonably caught up, which should give a boost to agriculture and lead to the revival to some extent of consumption in rural India. Globally, we have seen negative yields in certain countries and overall interest rates are stable or dropping and growth has slowed.

Against this backdrop, the central bank is likely to cut the repo rate by 25 bps. It will be important to study the policy narrative to get a direction of likely future action by the RBI, liquidity measures, any other structural changes etc. Suffice it to say that inflation will be the central theme balanced with the need to boost growth.

Pidilite Industries' net profit rises 22.5% yoy to Rs294cr in Q1FY20

Shares of Pidilite Industries are trading higher by ~3% after the co. released its Q1FY20 results

The co.'s consolidated net profit rose 22.5% yoy to Rs294cr in the quarter vs, Rs240cr in Q1FY19.

Revenue rose 10% yoy to Rs2, 056cr in Q1FY20, mainly driven by Consumer and Bazaar Products (+9% yoy rise).

Torrent Power rises 4% on reporting 22% yoy jump in PAT for Q1FY20

Torrent Power is trading up over 4% after posting its Q1 results yesterday.

The company reported a 22% rise in consolidated net profit at Rs276.59cr for June quarter compared with year-ago period, mainly on the back of higher revenues.

The company's consolidated net profit for June quarter last year was at Rs227.32cr.

The company's total income in the quarter rose to Rs3, 790.61cr from Rs3, 580.42cr a year ago.

The shareholders also approved a proposal to raise up to Rs1, 500cr through issuance of non-convertible debentures on private placement basis.

DHFL jumps 10% after announcing draft resolution plan

Shares of DHFL surged 10% on the BSE in the noon trade.

The company said in a press note that the Special Committee has a draft proposal on resolution plan formulated by the company in consultation with the committee and its financial advisors viz., Ernst &Young; and also approved the submission of the said resolution plan to the lenders of the company.

PNB Housing Finance raises fresh USD75mn ECB from SMBC Singapore

PNB Housing Finance Limited, one of the leading housing finance companies, has raised fresh USD75mn ECB from Sumitomo Mitsui Banking Corporation (SMBC) Singapore.

The ECB (External Commercial Borrowing) is under the Reserve Bank automatic route of approval and the proceeds will be used by the Company as per the applicable RBI guidelines.

Sanjaya Gupta, Managing Director, PNB Housing Financial Ltd said, As we have mentioned a few days back, this is the second ECB borrowing of the Company for the FY2019-20.

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Investment trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

For more details call on 9977499927 or visit our website www.capitalstars.com

Closing Bell By CapitalStars 06/August/2019

noreply@blogger.com (CapitalStars07) — Tue, 6 Aug 2019 03:40:00 -0700

DAILY NIFTY SMART MOVERS
SCRIPTS PRICE PRE. CLOSE CHANGE (%) CHANGE (Rs.) VOLUME
Indiabulls Housing
514.10 476.60 7.87 37.50 1397.44
Yes Bank
85.40 81.10 5.30 4.30 11138.47
HDFC Life Insurance
512.40 487.40 5.13 25.00 291.36
Tech Mahindra
671.00 645.40 3.97 25.60 153.78
Tata Global Beverage
270.60 260.85 3.74 9.75 171.46

DAILY NIFTY TOP LAGGARDS
SCRIPTS PRICE PRE. CLOSE CHANGE (%) CHANGE (Rs.) VOLUME

Zee Entertainment

312.50 330.90 -5.56 -18.40 1174.31
Cipla
501.50 518.90 -3.35 -17.40 127.33
LIC Housing Finance
484.40 496.10 -2.36 -11.70 101.93
Petronet LNG
231.40 236.65 -2.22 -5.25 75.51
Power Grid Corpn.
198.10 201.15 -1.52 -3.05 164.38

BEST CALL OF THE DAY (FINAL TG )

NIFTY FUTURE

BUY NIFTY FUT FINAL TGT

INDEX OPTION

BUY NIFTY CALL 10500 FINAL TGT

FUTURE INTRADAY

BUY MC DOWELL FUT FINAL TGT

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Investment trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

For more details call on 9977499927 or visit our website www.capitalstars.com

Opening Bell By CapitalStars 06/August/2019

noreply@blogger.com (CapitalStars07) — Mon, 5 Aug 2019 21:06:00 -0700

CS NIFTY FUTURES (AUG) OVERVIEW

TREND BEARISH

RES 2: 11000

RES 1: 10900

SUP 1: 10700

SUP 2: 10600

CS BANK NIFTY FUTURES (AUG) OVERVIEW

TREND BEARISH

RES 2: 28100

RES 1: 27900

SUP 1: 27500

SUP 2: 27200

Financial Advisory Company in Indore, Stock Advisory Company in Indore, Equity Tips, FreeTrading Tips , MCX Tips, sebi registered advisory company, Intraday stock tips, Free commodity tips

Investment trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

For more details call on 9977499927 or visit our website www.capitalstars.com

Market Live By CapitalStars 06/August/2019

noreply@blogger.com (CapitalStars07) — Mon, 5 Aug 2019 20:45:00 -0700

Nifty likely to open lower

The Nifty50 is expected to open lower on Tuesday following Asian markets which were trading lower amid rising fears of rising trade-war as well as currency woes. U.S. Treasury Secretary Steven Mnuchin said on Monday the government had determined that China is manipulating its currency and that Washington would engage the International Monetary Fund to eliminate unfair competition from Beijing, said a Reuters report. Wall Street major indexes already posted their biggest percentage drop of the year on Monday on fears of an escalation in the U.S.-China trade war, the report added. Trends on SGX Nifty indicate a negative opening for the broader index in India, a with 0.66 percent loss or 72 points. Nifty futures were trading around 10,797-level on the Singaporean Exchange.

Global Market:

Asian Markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 2.03% while the Hang Seng is down 1.91%. The Shanghai Composite is not trading.

US Markets: North and South American markets finished sharply lower today with shares in U.S. leading the region. The S&P 500 is down 2.98% while Brazil's Bovespa is off 2.75% and Mexico's IPC is lower by 1.20%.

European Markets: European markets finished sharply lower today with shares in London leading the region. The FTSE 100 is down 2.47% while France's CAC 40 is off 2.19% and Germany's DAX is lower by 1.80%.

Major Headlines of the day:

Rupee stands at 70.80 per dollar.

Spandana Sphoorty IPO subscribed 6% on day 1 The price band for the issue has been fixed at Rs853-856 per share.

Sterling & Wilson Solar raises Rs1,406cr from anchor investors; IPO opens today The company has raised about Rs1,406cr by selling shares to its institutional investors as part of its anchor book allocation on Monday.

Berger Paints reports 31.76% yoy rise in cons. PAT at Rs176cr for Q1FY20 In a separate filing, the company informed that it is "considering investment opportunities in Russia to complement its exisiting operations."

Trend in FII flows:- The FIIs were Net Value of Rs 1871.27 segment while the DIIs were Net Value of -2016.73 the provisional figures.

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Investment trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

For more details call on 9977499927 or visit our website www.capitalstars.com

CORPORATE NEWS By CapitalStars 05/August/2019

noreply@blogger.com (CapitalStars07) — Mon, 5 Aug 2019 03:44:00 -0700

Bata India net profit up 22.5% in Q1FY20

Bata India, the nation leading footwear manufacturer and retailer, reported an increase in its net profit by 22.5% to Rs100.97cr in the quarter ended June 2019 as against Rs82.41cr during the previous quarter ended June 2018.

The company sales also rose 10.62% to Rs882.76cr in the quarter ended June 2019 as against Rs798cr during the previous quarter ended June 2018.

The growth is attributed to the successful execution of Sweeping Angela Off Her Feet strategy. This involves innovative campaigns which have helped to sustain profitable growth across categories and mindful up-gradation of stores to provide a world-class shopping experience to our loyal customers while keeping costs under control. Retail channel continued to grow at a steady pace and supported by double-digit growth in E-Commerce & Non-retail channel as well.

Natco Pharma reports successful completion of USFDA inspection; stock trades flat

Natco Pharma shares are trading flat in afternoon trade.

The company announced the successful closure of inspection with the receipt of Establishment Inspection Report (EIR) from the US Food and Drug Administration (FDA) for the inspection conducted at its drug formulations facility in Kothur Village, Telangana.

The inspection was conducted over May 30-June 5.

BHEL commissions additional 116MW pumping unit in Telangana

Bharat Heavy Electricals Limited (BHEL) has successfully commissioned one more pumping unit (Unit 5) of 116MW of the 7x116 MW Kaleshwaram Lift Irrigation Scheme (LIS) Package-6 in Telangana.

BHEL has earlier commissioned 4 Units of the same project in April and May 2019. Significantly, the pump for each unit is designed to lift 89.16 cumecs (cubic metres per second) of water by 105.5 metres.

Being developed by the Irrigation & CAD (I&CAD) department of the Government of Telangana, the Greenfield lift irrigation project (formerly known as Pranhita Chevella) is located in Peddapalli district of Telangana.

Nestle up 3% on plans to set up 9th factory in India at Sanand, Gujarat

Nestle India on Friday post market hours said that it would set up its ninth factory in the country at Sanand, Gujarat, with an initial investment of ~Rs700cr over two years.

The company posted its results for the quarter ended June last week, i.e., Q1CY19. It reported a net profit of Rs437.84cr, up 10.8% from Rs395.03cr posted in the corresponding quarter last fiscal.

Revenue from operations grew 11.2% to Rs3, 000.85cr.

RIL subsidiary RIIHL to acquire software firm Fynd

Reliance Industrial Investments and Holdings Limited (RIIHL), a wholly-owned subsidiary of Reliance Industries Limited (RIL) has entered into an agreement for acquisition of equity shares of Shopsense Retail Technologies Pvt. Ltd. for a cash consideration not exceeding Rs295.25cr.

RIL on Friday in a press release post market hours said, "RIIHL has an option to further invest an amount of up to Rs100cr which is likely to be completed by December 2021. The total investment will translate into ~87.6% of equity share capital in Fynd on a fully diluted and converted basis."

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Investment trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

For more details call on 9977499927 or visit our website www.capitalstars.com

Closing Bell By CapitalStars 05/August/2019

noreply@blogger.com (CapitalStars07) — Mon, 5 Aug 2019 03:32:00 -0700

DAILY NIFTY SMART MOVERS

Company Name LTP %Change High Low Prev.Close

BHARTI AIRTEL 359.10 4.53 361.65 339.05 343.55

TECHM 649.85 4.43 651.05 625.30 636.15

BAJAJ AUTO 2641.90 1.59 2642.65 2545.50 2600.55

COALINDIA 200.30 1.57 202.9 193.10 197.20

TCS 2240 1.57 2199.90 2252.25 2195.60 2205.30

DAILY NIFTY TOP LAGGARDS

Company Name LTP %Change High Low Prev.Close

YESBANK 81.05 -8.21 88 79.50 88.30

UPL 539.90 -5.86 568.95 535.45 573.50

TATAMOTOR 124 -5.13 128.20 122.30 130.70

POWERGRID 200.65 -4.70 210.00 196.85 210.55

GRASIM 747 -3.98 772.90 746.65 778

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Investment trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

For more details call on 9977499927 or visit our website www.capitalstars.com

Opening Bell By CapitalStars 05/August/2019

noreply@blogger.com (CapitalStars07) — Sun, 4 Aug 2019 21:12:00 -0700

CS NIFTY FUTURES (AUG) OVERVIEW

TREND BEARISH

RES 2: 11300

RES 1: 11150

SUP 1: 10800

SUP 2: 10650

CS BANK NIFTY FUTURES (AUG) OVERVIEW

TREND BEARISH

RES 2: 28650

RES 1: 28200

SUP 1: 27675

SUP 2: 27200

Financial Advisory Company in Indore, Stock Advisory Company in Indore, Equity Tips, FreeTrading Tips , MCX Tips, sebi registered advisory company, Intraday stock tips, Free commodity tips

Investment trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

For more details call on 9977499927 or visit our website www.capitalstars.com

Market Live By CapitalStars 05/August/2019

noreply@blogger.com (CapitalStars07) — Sun, 4 Aug 2019 20:52:00 -0700

Nifty below 10,900 in pre-opening, Sensex falls 250 pts; rupee opens weak

Trends on SGX Nifty indicate a negative opening for the broader indices in India.

Market at pre-opening: Benchmark indices are trading weak in the pre-opening session.

The Sensex is down 46.70 points or 0.13% at 37164.92, and the Nifty down 66.40 points or 0.60% at 10931.

Brokerage view on stocks:

CLSA on SBI

Buy call, target cut to Rs 380 from Rs 420 per share

Higher slippage disappoints; Q1 net profit below expectations due on higher credit cost

Key disappointment was rise in its delinquency ratio to 3.4% of the past year loans

Jefferies on SBI

Buy call but cut target to Rs 370 from Rs 375 per share

Quarter did not have much to cheer about

Cut our EPS estimate for FY20 by 7.8% & FY21/22 by 3.2/5.5%

Kotak Institutional Equities on SBI

Maintain buy call on the stock; cut target to Rs 390 from Rs 410 per share

Reported a weak start to fy20 with slippages at 3% of loans

Higher slippage from agriculture & SME is seasonal in nature & less worrying

IDFC Securities on SBI

Management has revised guidance of core RoA to 0.5%-.6% from 0.6-0.7%

Cut earnings & target to Rs 365 per share; maintains outperform on inexpensive valuation

See downside risks to earnings from a weak macro, High Pension Costs & a larger watchlist

Citi on SBI

Maintain buy call with target cut to Rs 400 from Rs 415 per share

Healthy loan growth, slippages increase in Q1

Q1 net profit below our/consensus estimates

Morgan Stanley on ITC

Overweight on the stock with target at Rs 360 per share

Q1 results were weaker than we expected

Except for FMCG, EBIT growth across all business segments missed our estimate

HSBC on ITC

Q1 cigarette volume growth of 3-4% slightly below expectations

While valuation undemanding, taxation path remains a key risk

Maintain buy call, cut target to Rs 320 from Rs 330 per share

CLSA on ITC

Remain buyers on the stock with target at Rs 365 per share

Double-digit growth remained elusive for company cigarette biz which grew 8% in Q1

FMCG business reported strong EBITDA growth despite moderate topline show

Stock provides attractive risk-reward

IDFC Securities on ITC

Results in-line with 3% YoY volume growth on a base of 2%

From Q2FY20e onwards base becomes further unfavourable

Downgrade to neutral with target at Rs 275 per share

Kotak Institutional Equities on ITC

Cigarette volume growth was modest at 3% (Our Estimate) despite stable taxation

See a likely leg down in EBIT growth potential to 7-9% from 9-11%

FMCG sales growth moderated to 8% (From 11-12%)

Add rating on the stock, cut target to Rs 315 from Rs 335 per share

Citi on HDFC

Buy call, raise target to Rs 2,570 from Rs 2,360 per share

Q1 AUM growth moderates further; spreads stable

Liability side should benefit from falling wholesale costs

Raise FY20 net profit estimate by 8% to factor Gruh stake sale

CLSA on HDFC

Maintains buy call with target at Rs 2,770 per share

Q1 net profit boosted by gain on Gruh Fin stake sale

Asset quality faced some pressure with downgraded exposure to Jet Airways

HDFC remains our top pick

Kotak Institutional Equities on HDFC

Retain add with target at Rs 2,325 per share

Q1 moderate on account of muted growth on non-retail book & higher funding cost

Expect its affordable housing business to drive medium-term growth

Jefferies on HDFC

Buy call, increase target to Rs 2,435 from Rs 2,310 per share

Bottomline was boosted by Gruh stake sale, though growth slowed

Cut FY21/22e EPS estimate by 7-9%, forecast AUM CAGR of 13.4%

Kotak Institutional Equities on Nestle India

Maintain reduce with target at Rs 10,700 per share

Earnings weighed down by weak gross margins mainly due to sharp rise in milk prices

Domestic revenues grew a strong 13% YoY

CLSA on Nestle India

Outperform stays, raise target to Rs 12,415 from Rs 11,750 per share

Q2 clearly indicates management rising obsession with growth, which is the key positive

Announcement on capex also points to its growth ambition

Cut EPS by 2-5%, but this is due to a special dividend, which warrants a cut in other income

Citi on Exide

Buy call with target cut To Rs 265 from Rs 290 per share

Cut revenue estimates by 7% over FY20-22, primarily due to cuts in our auto segment revenues

May see a rebound in FY22 if cycle revives

Increase margin estimates slightly given weak lead prices & fructifying cost-reduction moves

Citi on Ceat

Buy call with target cut to Rs 1,280 from Rs 1,400 per share

Q1 steady replacement demand, weak OEM offtake

OEM demand has been very weak & reflected in sharp correction in stock price

Cut FY20-22 earnings estimates by 3-10%

CLSA on GSPL

Buy call; target raised to Rs 285 from Rs 270 per share

Q1 net profit stood in-line with our estimate

EBITDA/EBIT in-line as 3% beat on volume offset by a miss on tariffs

Volumes for Gujarat Gas could lead to earnings upgrades

CLSA on Inox Leisure

Retain buy call with target raised to Rs 402 from Rs 394 per share

Q1 revenue grew by 19% YoY driven by healthy screen additions

Cut FY20/21 estimates by 26% to incorporate the impact of Ind-As

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