DAILY NIFTY OUTLOOK, 21ST AUG, 2015

Nifty August futures (8380.05)(-125.35):
Nifty future opened in the negative, rallied to a high of 8506.35 but turned negative thereafter and post noon dropped to a low of 8358.4. There was modest pull back in the end of session and it closed the day deep in the red. 8345 is the immediate support and a decisive breach of this region will spell more trouble for the bulls as it will bring in more supplies. A test of 8310 where the 200 exponential moving average is posited seems likely and if this region holds out, some relief rally may be expected. A decisive breach of this region will be significant as this region has given support since July, it is a long term moving average as well as an important retracement level and a decisive breach of it could lead to fresh panic. On the higher side, 8397-8400 is the immediate resistance and it must sustain decisively above this region to signal halt in the downswing. 8436, 8453, 8470, 8485, 8500 all are supply points which needs to be absorbed for upswing.

• Resistance: 8397-8400, 8436, 8453, 8470, 8485, 8500, 8515, 8540, 8562, 8590, 8612


• Support: 8370, 8355, 8305-8300, 8290, 8254, 8215-8200

Bank Nifty August futures (18309.6) (-421.3):

Opening session for Bank Nifty futures was volatile and weak. It posted the high of 18743 in the opening session itself after a negative opening. Post noon it fell sharply to a low of 18240.75. There was a weak recovery in the end of session and it closed the day, deep in the red. The breakout happened in the lower side and as feared, it was a directional move thereafter. 18300 and 18240 are immediate supports and if breached it may move down to 18200, 18140, 18085, 18000 region. The 200 day exponential moving average is posted around 18000 and some consolidation is likely in this region. If however, this level fails to contain the fall, fresh panic offering may be expected. On the higher side, 18335 is the immediate resistance and a failure to move above this region decisively could lead it to lower targets. But if this region is reclaimed, a pullback rally mainly on short covering may be expected. It must sustain decisively above 18800 to signal fresh upswing.

• Resistance: 18335, 18400, 18475, 18500, 18520, 18600-18609, 18630, 18665, 18700, 18760, 18780, 18800, 18815, 18890, 18920


• Support: 18300, 18240, 18200, 18140, 18085, 18000, 17980, 17920-17900, 17825

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DAILY MARKET AND SENTIMENTS OUTLOOK, 21ST AUG, 2015

Dear Customer,

 

Markets always tend to be interesting with something or the other happening all the time. Our Morning Mantra is released before the opening bell and it includes the market commentary along with Corporate & Global news for the day.

 

• U.S. stocks suffered their worst selloff in 2015 on Thursday as markets were buffeted by worries about a slowdown in global growth.

Dow Jones	16990.7	-358.0	-2.06%
Dow Futures	16795.0	-122.0	-0.72%
Hangseng	22270.8	-486.7	-2.14%
Nikkie	19612.9	-420.6	-2.10%
SGX Nifty	8277.5	-100.5	-1.20%

 

• Asian stocks tumbled, extending the worst week for global equities in nine months, as a gauge of Chinese manufacturing plunged to the lowest since 2009. Gold extended gains.
• Market is expected to open on negative note and likely to be under selling pressure during the day.
• Maruti Suzuki has raised prices by Rs 3,000 to Rs 9,000 across products, barring the recently launched S-Cross. The increase became effective August 11. The increase comes after a gap of nearly two years. When the company hiked prices in January this year, it was on account of an increase in excise duty.
• Infosys has launched three new services which, it said, would work as a catalyst in positioning it as a next-generation services company. The three initiatives together would be known as ‘Aikido’, name of a popular Japanese martial art.
• KIOCL Ltd, a mini ratna PSU under the Union ministry of steel, plans to establish a pellet plant of one million tonne per annum (mtpa) capacity through a joint venture (JV) with Andhra Pradesh Mineral Development Corporation (APMDC) in Ananthpur district (Andhra Pradesh). The pellet plant, to cost Rs 1000 crore, is expected to be operational in 2017.
• Google Inc and ecommerce behemoth Amazon are among those in talks with the Tata Group to buy the data centre business of Tata Communications in a deal expected to fetch about Rs 4,261.4 crore to Rs 4,589.2 crore ($650-700 million).
• Foreign Investment Promotion Board gave approval to increase foreign investment limit in Den Networks from 49% to 74% of the paid up share capital.
• NHPC has restored Unit-4 of its Chutak power station in Jammu and Kashmir, which was shut down due to sudden increase in the water level in June.
• Government on Thursday fixed Rs 382 apiece as the floor price for 5% stake sale in Dredging Corporation of India on Friday, a move that is likely to fetch it Rs 54 crore.
• Vaibhav Global Says Class Action Lawsuit Filed Against Arm Liquidation Channel In US US Arm Allegedly Provided Misleading Estimated Retail Values To Consumers. Liquidation Channel Will Defend Against The Lawsuit Vigorously
• Institution Desk - Indian Economy- Quick View- Repo Rate Cut Likely, But Not Imminent: With Wholesale Price Index (WPI) contracting 4.1% in July 2015, market participants believe that a cut in repo rate by the Reserve Bank of India (RBI) is imminent. Nevertheless, as the RBI has made it clear that retail inflation is its policy instrument rather than WPI inflation, the focus should be on the former. Although retail inflation was way below consensus estimate, it is important to note that vegetable prices accounted for more than half of the total deceleration in headline inflation in July 2015. Excluding vegetable prices, retail inflation was 4.8% in July 2015 against reported inflation of 3.8%. This reminds us of early 2012 and late 2014 when an ephemeral, (but a sharp) decline in vegetable prices helped retail inflation ease significantly, only to move up after a couple of months. This is what makes us cautious. A reading of, say 3.5% for August 2015 should not make the RBI to cut rates immediately, just like a higher reading should not prompt it to hike rates. Consequently, we don’t expect a repo rate cut in September 2015, but its prospects in December 2015 have certainly risen.

 

• Results Announced

Caplin Point	Result has improved Sales is Rs 70 cr vs QoQ Rs 65.3 cr YoY Rs 48.0 cr EBITDA is Rs 19.5 cr vs QoQ Rs 15.4 cr YoY Rs 9.5 cr PAT is Rs 12.7 cr vs QoQ Rs 10.6 cr YoY Rs 7 cr
HCL Infosystems	Result improved Sales is Rs 1685.5 cr vs QoQ Rs 1376.1 cr YoY rs 1760.1 cr Loss at EBITDA level  is Rs 5.6 cr vs QoQ loss of Rs 16 cr YoY loss of Rs 21.7 cr Adj net loss of Rs 44.99cr vs QoQ loss of Rs 52.2 cr YoY  loss of Rs 62.65 cr

DAILY NIFTY OUTLOOK, 19TH AUG, 2015

Nifty August futures (8481.7)(-6.35):
It opened on a positive note and moved up firmly to test the high of 8531.95 but then slipped from there to test a low of 8437.25. It recovered in the latter half of the session to close the day with modest losses. It was an inside day since the range was encompassed within the range of the previous day and so today is likely to be a volatile session and the direction of the breakout will signal the direction of the trend. It has been consolidating after the big move on the 14th and so breakout in any direction will be significant. On the higher side, 8500 is the immediate resistance above which 8540 is the next supply zone and this must be taken out before fresh momentum can be expected. 8590-8612 must be taken out decisively before the bulls can feel comfortable again. On the lower side, 8470 is the immediate support below which 8460, 8434, 8387, 8372 are important levels expected to give some support. Below 8390, the initiative will move in the hands of the bears. A decisive breach of 8355 will signal further weakness.

• Resistance: 8496-8500, 8540, 8562, 8590, 8612, 8635, 8665, 8700-8710


• Support: 8470, 8462, 8434, 8400, 8370, 8355, 8305-8300, 8290

Bank Nifty August futures (18812.55) (-29.7):

Bank nifty future opened the session on a firm note and touched the intraday high in the opening session itself. There was a slow slide thereafter as it slipped to a low of 18614 in the post noon session but recovered quickly to close the day around the high with modest losses. The 18610 region has become an important support as nifty has bounced back from this region on two consecutive days and a decisive breach of this level will be significant and have bearish implication. The latter half of the session was more volatile. The undertone is mildly bearish as it has closed in the negative and it failed to make inroads into the 18900 region. Technically it was an inside day since its range was encompassed within the range of the previous day and a breakout is most likely today which will signal the direction of the trend for the next session. 18840, 18890 is the immediate resistance and a follow up buying should take it initially above 18920 and then above 19020 if the bullishness is to sustain. 18800-18760 is the immediate support below which 18714, 18660, 18600. A decisive breach of 18600 at this juncture, however, will signal weakness. 18520-18495 is the critical level and a breach of this zone will be significant and load the dice in favour of the bears.

• Resistance: 18840, 18890, 18920, 19000, 19030, 19064, 19140, 19195-19200, 19265


• Support: 18800, 18760, 18714, 18660, 18615, 18585, 18520, 18490, 18400, 18330, 18300, 18230, 18140, 18085, 17930

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DAILY MARKET AND SENTIMENTS OUTLOOK, 19TH AUG, 2015

Dear Customer,

 

Markets always tend to be interesting with something or the other happening all the time. Our Morning Mantra is released before the opening bell and it includes the market commentary along with Corporate & Global news for the day.

 

• U.S. stocks closed lower Tuesday following mixed earnings reports and upbeat new housing data.

Dow Jones	17511.3	-33.8	-0.19%
Dow Futures	17483.0	+1.0	+0.01%
Hangseng	23226.8	-248.1	-1.06%
Nikkie	20448.5	-106.0	-0.52%
SGX Nifty	8461.0	-13.0	-0.15%

 

• Asian stocks fell a fourth day as a deepening commodities selloff raised concern growth may be slowing in China, and as investors await clues from the Federal Reserve on the timing of a U.S. interest-rate increase.
• Market is expected to open on slightly negative note and likely to remain range bound during the day.
• ICICI Bank has acquired 8.89% stake in leading rose exporter Karuturi Global
• State Bank of India chairperson Arundhati Bhattacharya has said the bank is currently not looking at merging its associate banks, and is instead focusing on more important challenges.
• Power Grid has said the Rs 12,000-crore transmission line between Assam and Agra having 6,000-MW capacity will be commissioned by month-end.
• Rajesh Exports Ltd has bagged an export order worth Rs 1,170 crore from an UAE-based company for gold and diamond-studded jewellery and medallions.
• DLF sells four acre land parcel in Kochi for Rs 111 cr
• Infosys Bags Order From Fidelity Bank Of Nigeria
• Union Environment and Forests Minister Prakash Javadekar today said the government has approved an eco-sensitive zone around the Okhla Bird Sanctuary in Noida. In October 2013, the NGT had restrained New Okhla Industrial Development Authority from issuing completion certificates for structures falling within 10 km of Okhla bird sanctuary. DLF ’s Mall of India in Noida and 4 other realty projects fall within this radius. Approximately  20,000 flats of Jaypee Infra also fell within the radius.
• Contesting a Rs 10,247-crore tax demand raised on its eight-year old internal business recognition, British oil explorer Cairn Energy has said it will seek damages from the government for the loss in value of its holdings suffered because of the notice.
• The government has scrapped the privatisation of four major airports - those at Chennai, Kolkata, Jaipur and Ahmedabad. While the airports at Chennai and Kolkata will continue to remain under the complete control of the Airports Authority of India (AAI), fresh bids for the Jaipur and Ahmedabad airports will be invited from private players. These bids, however, would only be for operation and maintenance contracts,

DAILY NIFTY OUTLOOK, 18TH AUG, 2015

Nifty August futures (8488.05)(-54.65):
It was a volatile opening for Nifty future as it rallied to an intraday high of 8540.55 after a weak open and slipped to a low of 8411 in the opening session itself. Neither did it cross the initial high posted in subsequent rallies nor did it breach the low on sell offs. It closed in the negative below the 8500 level, off the high and low of the day. Some consolidation in the 8440-8530 region was seen after the big move on the previous day before the next trending move. On the higher side, 8500 is the immediate resistance above which 8540 is the next supply zone and this must be taken out before fresh momentum can be expected. 8590-8612 must be taken out decisively before the bulls can feel comfortable again. On the lower side, 8475 is the immediate support below which 8460, 8410, 8387, 8372 are important levels expected to give some support. Below 8400, the initiative will move in the hands of the bears. A decisive breach of 8370 will signal further weakness.

• Resistance: 8496-8500, 8540, 8562, 8590, 8612, 8635, 8665, 8700-8710


• Support: 8475, 8462, 8410, 8400, 8370, 8355, 8305-8300, 8290

Bank Nifty August futures (18842.25) (+51.1):

It was a volatile opening for Bank nifty future as it touched the high and low of the day in the opening session itself. It opened on a firm note and initially rallied to a high of 18939.4 and dropped to a low of 18611.2 soon after on selling pressure. It recovered from there and turned volatile as it moved between the range set by the opening session and though it rallied to a high of 18913 in the closing session, it failed to cross the intraday high. Profit taking in that region pushed it down to sub 18900 levels in the closing. What needs to be observed is how things pan out this week. Though it has given a positive closing, it failed to make inroads into the 19000 region or close above 18900. A follow up buying should take it above 19020 if the bullishness is to sustain. A fall below 18500, however, will signal weakness. 18910 is the immediate resistance but the important supply zone is around 18990-19020 and this zone needs to be taken out decisively for fresh momentum. On the lower side, 18800-18785 is the immediate support below which 18707, 18654, 18596 and 18520 are important levels but 18515-18490 is the critical level and a breach of this zone will be significant.

• Resistance: 18890, 18920, 19000, 19064, 19140, 19195-19200, 19265


• Support: 18800-18785, 18707-18690, 18654, 18596, 18515-18490, 18400, 18350, 18300, 18210, 18140, 18085, 17930

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DAILY MARKET AND SENTIMENTS OUTLOOK, 18TH AUG, 2015

Dear Customer,

Markets always tend to be interesting with something or the other happening all the time. Our Morning Mantra is released before the opening bell and it includes the market commentary along with Corporate & Global news for the day.

• U.S. stocks rebounded from early losses, ending Monday’s lightly traded session in positive territory after investors put more weight on strong housing data than a dismal manufacturing report for the New York region.

Dow Jones	17545.2	+67.8	+0.39%
Dow Futures	17518.0	+14.0	+0.08%
Hangseng	23815.0	+0.3	+0.00%
Nikkie	20574.2	-46.1	-0.22%
SGX Nifty	8505.5	+21.5	+0.25%

• Most Asian stocks advanced, with the regional benchmark index holding near a seven-month low, following gains in U.S. equities as strong homebuilder data added to signs the world’s biggest economy is improving.
• Market is expected to open on positive note and likely to witness positive move during the day.
• Moody’d revises India GDP growth view down at about 7%. Projections were revised from its earlier estimates for 2015 growth at 7.5%. Maintains forecast that India GDP will rise by 7.5% in 2016.
• The rainfall shortage is about 10% of now. The deficit is expected to widen further to 12% by the end of the season IMD.
• Cipla has emerged as the sole Indian contender for Kremers Urban Pharmaceuticals Inc, the specialty generics drug business of the $4 billion Belgian drug maker UCB. 
• Government has decided to challenge the decisions of the Madras and Delhi High Courts allowing Kalanithi Maran promotedSun Group to participate in the FM radio phase-III auction. 
• Birla Corp ownership disputes between Birlas and Lodhas may create hurdles for buyout of Lafarge India units.
• Mahindra & Mahindra has received shareholders' approval to raise up to Rs 5,000 cr through issuance of securities on private placement basis in domestic and/or international markets. 
• To cater to the North American market, Eicher Motors Ltd, Royal Enfield has set up a direct distribution subsidiary in the US, its first outside India.
• Adani Ports and the Kerala government have signed an MoU for the proposed Rs 7,525-cr Vizhinjam deep sea international terminal and port, 25 years after the project was first mooted.
• Reliance Communications has short-listed bidders that have sought to acquire up to 100 per cent stake in its tower subsidiary Reliance Infratel. 
• Nestle India Ltd India's food regulator isn't likely to appeal against the Bombay High Court decision setting aside the ban on Maggi noodles, thus allowing the process stipulated by the division bench to proceed. 
• Hero Moto Corp stepped up R&D spending by nearly six times in fiscal 2015. The bikes such as the Karizma and the Splendor range spent Rs 723 cr on R&D in the FY2016, compared with Rs 127 cr in FY5.
• Triveni Turbine (Inst): Triveni Turbine (TTL) reported 1QFY16 revenue of Rs1.2bn, flat on YoY basis and 10% below our estimate of Rs1.4bn. Revenue miss was because of lower number of turbines slated for despatch during the quarter based on delivery schedule in the order book. However, the management is optimistic of TTL posting revenue growth rate in FY16 similar to FY15 (~25%). Raw material costs, as a percentage of sales, fell 410bps YoY, leading to a sharp expansion in gross margin to 45.9% in 1QFY16 versus 41.7% YoY. Higher other expenses at Rs171mn (up 59% YoY) and lower revenue booking led to soft EBITDA/PAT at Rs202mn/Rs144mn compared to our estimate of Rs262mn/Rs171mn, respectively. Order inflow was healthy at Rs1.8bn, up 23% YoY, driven by improvement in domestic market. While the GE-TTL joint venture (JV) did not register any order wins during the quarter, it received LoI (Letter of Intent) for five turbines -  to be booked in 2QFY16 - thereby exceeding total order inflow registered by GE-TTL last year (two turbines worth Rs700mn). We remain positive on TTL’s business scalability and strong financial health and have therefore retained Buy rating on it with a target price of Rs140 based on 26xFY17E earnings.

Results Announced

Shilpi Cable Tech	Result Improved
Valecha Eng	Result not good

NIFTY OUTLOOK, 14TH AUG, 2015

Nifty August futures (8381)(+15.55):
Fresh slide in the nifty future halted as it moved within the range of the previous day, technically speaking it was an inside day. The next move will be clear in the next couple of days and is important as market action will reveal whether it was a respite in continuation of the slide or whether some meaningful pull back is in the offing. For now, markets have closed moderately in the positive after three days of bear hammering. Though nifty futures have closed the day with gains, the chart formation is not very comfortable but confirmation is awaited from today’s movement. It opened the day on a promising note, gap up, and though It moved up to 8445 in intraday rally, it to cross 8454 barrier and post noon closed the gap as it breached the 8400 support and closed below it. 8300 is likely to offer some support as the 200 day exponential moving average is posited there. A decisive breach of this level will be significant since it is a long term moving average and will signal fresh downside momentum. On the higher side, 8393-8400 is the immediate resistance and a failure to cross it on rallies will have further bearish impact. It must now sustain above 8455 to signal the end of the slide and above 8525 to signal strength.

• Resistance: 8393-8400, 8435, 8450, 8475, 8500, 8515, 8540, 8576, 8600, 8615


• Support: 8330, 8305-8300, 8290, 8250, 8220, 8200-8195

Bank Nifty August futures (18243) (+107.25):

The particular formation in Bank nifty future signals indecisiveness for bulls and bears alike. After a significant swing down, almost 1100 points from the high of 19194 posted on 6th of this month to 18094.4 posted 2 days back it could signal either that the bears are taking some respite or the bulls are pulling some support in this region. It closed in the positive after four days of slide. Last session was a narrow range day and completely enveloped by the range of the preceding day. It has closed around a strong support in the 18106-18094-18050 and a breach of this support will signal fresh slide. It may then move down to 17962 where it may consolidate before its next move since it is an important support as the 200 exponential moving average is posited here. If, however, this region fails to contain the slide, it is likely to move deeper below the 18000 region, into 17000 region testing the next few levels on its way down. On the higher side, 18310 is the immediate resistance above which 18410 is an important supply zone. 18501 is the critical level and a failure to move above it on rallies will signal fresh weakness. It must sustain initially above 18410 and then above 18575 and later above 18670 to signal strength. Each level will bring its supply which needs to be absorbed for bullishness but the final test will be in the 18880 region above which it may be considered to be out of woods which in the current scenario seems a tall order.

• Resistance: 18310-18325, 18355, 18425, 18460, 18507, 18585, 18685, 18705, 18735, 18785, 18800, 18880, 18900


• Support: 18210, 18106, 18090, 18050, 17990, 17962, 17875, 17742, 17603

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DAILY MARKET AND SENTIMENTS OUTLOOK, 14TH AUG, 2015

Dear Customer,

 

Markets always tend to be interesting with something or the other happening all the time. Our Morning Mantra is released before the opening bell and it includes the market commentary along with Corporate & Global news for the day.

 

• U.S. stocks finished little changed Thursday, pausing following two days of tumult spurred by fears over Chinese growth.

Dow Jones	17408.3	+5.7	+0.03%
Dow Futures	17367.0	-2.0	-0.01%
Hangseng	24067.0	+48.2	+0.20%
Nikkie	20557.2	-38.3	-0.19%
SGX Nifty	8423.5	+20.5	+0.24%

 

• Asian stocks fluctuated, with the regional benchmark index headed for a fourth weekly decline, as investors weighed an increase in China’s yuan reference rate and a slide in energy shares on a drop in oil.
• The People's Bank of China's (PBOC) decision to set the midpoint rate for the yuan at 6.3975, slightly lower than the previous day's close of 6.3990. The move broke the central bank's devaluation pattern since Tuesday, and in line with the PBOC's announcement on Thursday that there was no basis for continued currency depreciation.
• Market is expected to open on positive note and likely to witness some positive move during the day.
• Torrent Pharma has got USFDA approval for Pfizer’s gDetrol
• Hathway Cable and Datacom has received FIPB approval to increase foreign investment limit in the firm from the existing 49% to 74% under the automatic route.
• Kaya Limited, the skin care maker from the Marico group will be listed on the stock exchanges Today
• Glenmark Pharmaceuticals will be added to the MSCI Emerging Markets Index. Indiabulls Housing Finance (India) will be added to MSCI ACWI Value Index.
• Natco Pharma gets FIPB approval to raise FII cap to 31.5% from 24%
• Bombay High Court ruled in favour of Nestle India. However Maggi Noodles won't be visible on shop shelves just yet: Nestle India has been given six weeks to prove the product is safe.

 

• Results Announced

Natco Pharma - Insti	Operating Performance In Line, Earnings Impacted By Higher Tax Natco  Pharma’s (NPL) 1QFY16 reported revenue of Rs2.2bn, up 7%/11% YoY/QoQ, respectively, was 5%/3% below our/Bloomberg consensus estimates, respectively. EBITDA of Rs575mn was 5% below our estimate but 1% above Bloomberg consensus estimate, while operating performance was in line with expectations. EBITDA margin of 25.7% was in line with our estimate but 80bps higher compared to Bloomberg consensus estimate. Reported PAT of Rs282mn was 20%/13% below our/Bloomberg consensus estimates, respectively, on account of a higher tax rate for the quarter, which stood at 28.6% versus 21.4% in 1QFY15. We are more excited about NPL’s strong US drug pipeline and do not see any risk to its earnings over the next four-five years. We continue to remain sanguine on NPL’s research and development-driven US drug pipe line and believe it has enough levers to keep growth momentum intact over the medium term, even beyond Copaxone. Accordingly, we have retained  Accumulate rating on NPL with an unchanged target price of Rs2,279, valuing  its base business (including generic Copaxone tablets) at 17x FY17E EPS and includes Rs222 for  Para-IV pipeline.
La Opala	Result ahead of Expectation
Kilburn Eng	result improved
Jubilant Foodworks	Result is below expectations Net Sales is Rs 570.6 cr vs exp of Rs 598.6 cr. QoQ Rs 542 cr YoY Rs 476.7 cr EBITDA is Rs 70.5 cr vs exp of Rs 78 cr. QoQ Rs 70 cr YoY Rs 59 cr PAT is Rs 29.5 cr vs exp of Rs 36 cr. QoQ Rs 31.5 cr YoY Rs 27.7 cr SSSG 4.6% vs Exp 8% The stock is trading at 65x on FY16E earnings
Asian Granito	result improved qoq sales came at 193cr vs qoq 236cr yoy 176cr EBITDA came at 14.5cr vs qoq 11.8cr yoy 16.96cr EBITDA margin came at 7.5% vs qoq 5% yoy 9.6% PAT came at 3.32cr vs qoq 4.35cr yoy 3.35cr. Qoq PAT declined on account of lower depreciation.
Bajaj Hindustan	Result improved on account of Rs.345cr subsidy provided by UP Govt  accounted in the quarter and become PAT positive.
Tata Power	result Ahead of expectation Sales came at Rs.9104cr vs Exp 8610cr EBITDA came at 2181cr vs Exp 1844cr PAT came at 241cr vs Exp 180cr
Tide Water Oi	result improved
IOC	Result ahead of Expectation Sales came at 101008cr vs Exp 102314cr EBITDA came at 10100cr vs Exp 6541cr PAT cmae at 6435cr vs Exp 4012cr
IRB Infra	Result marginally ahead of exp
Ricoh India	Result ok Sales came at 442cr vs yoy 226cr qoq 627cr EBITDA came at 28.4cr vs yoy 6.08cr qoq 81.32cr PAT came at 0.41cr vs yoy loss of Rs.15.3cr qoq 41.48cr
GVK Power	result inline and continue to remain weak Sales came at 999cr vs Exp 855cr EBITDA came at 358cr vs Exp 350cr PAT came at negative 124cr vs Exp negative 121cr
Lakshmi Electrical Control system	result ok
Alkyl Amines	Result flat. sales came at 126cr vs qoq 116cr yoy 124cr EBITDA came at 23.1cr vs qoq 21.4cr yoy 23.6cr PAT came at Rs.12cr vs qoq 12cr yoy 12.4cr
Ajanta Pharma	Result is marginally below expectations Net Sales is Rs 335 cr vs exp of Rs 349 cr. QoQ Rs 360 cr YoY Rs 281 cr EBITDA is Rs 110 cr vs exp of Rs 118 cr. QoQ Rs 141 cr YoY Rs 90 cr PAT is Rs 81 cr (due to higher other income – dividend received from subsidiary) vs exp of Rs 76 cr. QoQ Rs 91 cr YoY Rs 59 cr The stock is trading at 37.9x on FY16E earnings
PC Jeweller	result ok sales came at 1511cr vs qoq 2020cr yoy 1323cr EBITDA came at 161cr vs qoq 207cr yoy 148cr PAT came at 83cr vs qoq 120cr yoy 70cr
Sona Koyo Steering Systems	Result remians flat Net sales came at 372cr vs 417cr qoq & 355cr yoy EBIDTA at 44cr vs 68cr qoq and 45cr yoy PAT at 4.14cr vs 18.6cr qoq & 3.58cr yoy
Kohinoor Food	result ok
Ahluwalia Construction	result ok Sales came at 264cr vs qoq 313cr yoy 238cr EBITSA came at 32cr vs qoq 28cr yoy 33cr PAT came at 19cr vs qoq 17cr yoy 17cr. QTR EPS Rs.2.72
Cosmos Film	result improved sales came at 408cr vs qoq 390cr yoy 441cr EBITDA came at 48cr vs qoq 35cr yoy 26cr PAT came at 18.4cr vs qoq 14.3cr yoy 3.90cr
DLF	result ahead of exp sales came at 2231cr vs exp 2231cr qoq 1953cr yoy 1725cr EBITDA came at 827cr vs Exp 755cr qoq 695cr yoy 737cr PAT came at 158cr vs exp 150cr qoq 171cr yoy128cr qoq lower profit is on higher finance cost
Infinite computer solution	result  improved qoq Sales came at 469.5 cr vs qoq 424cr vs yoy 388cr EBITDA came at 38.2 cr vs qoq 24.14cr vs yoy 47.28cr  PAT came at 25.4cr qoq 10.2cr vs  yoy 26.83cr qtr EPS came at Rs.6.35
Lloyd Electrical	result improved Sales came at 729cr vs yoy 533cr qoq 618cr EBITDA came at 74cr vs yoy 55cr qoq 101cr PAT came at 34cr vs yoy 22cr qoq 50cr QTR EPS came at Rs.9.68
Phoenix Mill	result ahead of exp sales came at 396cr va exp 332cr WBITDA came at 185cr vs exp 140cr PAT came at Rs.26cr vs exp 26cr
Amrutanjan Health	Result has improved YoY Sales is Rs 28.7 cr vs QoQ Rs 48.5 cr YoY Rs 25.5 cr EBITDA is Rs 2.1 cr vs QoQ Rs 8.8 cr YoY Rs 0.3 cr PAT is Rs 1.7 cr vs QoQ Rs 5.9 cr YoY Rs 0.7 cr The stock is trading at 30.4x FY16E earnings
Mandhana Ind	result ok
NBCC	result improved Sales came at 1147cr vs yoy 837cr qpq 1788cr EBITDA came at 41cr vs yoy 31cr qoq 165cr Pat Came at 44cr vs yoy 33.5cr qo1 134cr
Mayur Uniquoters	result improved Sales came at 126cr vs Exp 133 qoq 117cr yoy 121cr EBITDA came at 32cr vs exp 28.4cr qoq 26.4cr yoy 24.4cr PAT came at 19.4cr vs exp 17.6cr qoq 18.3cr yoy 15cr
Claris Life	result good sales came at 187cr vs qoq 155 yoy 151cr EBITDA came at 49cr vs qoq 24cr yoy 28cr PAT came at 20cr vs qoq 10cr yoy 15cr QTR EPS Rs.3.72
Jindal Poly	result good Sales came at 720cr vs qoq 612cr yoy 667cr EBITDA came at 155cr vs qoq 94 yoy 49cr PAT came at 108cr vs qoq 54cr yoy 49cr Qtr EPS is Rs.25.5
ICRA - Insti	ACCUMULATE-1QFY16 Result Update- Performance In Line, But Higher Tax Outgo Hurts PAT: Following a 16.5% growth in rating revenue, ICRA posted a healthy 12.9% rise in 1QFY16 net revenue to Rs770mn, 1.1%/0.9% above our/Bloomberg estimates, respectively. Despite subdued activity in debt market, rating revenue grew by a strong 16.5% and EBIT margin of rating segment improved 63bps to 29.4%. Consulting and information technology-related businesses reported subdued 4%/(0.4)% growth, respectively, while the non-rating segment  posted a 167bps decline in EBIT margin, thereby exerting pressure on overall margin. Consolidated operating margin declined 28bps to 24.7%, 101bps/139bps below our/Bloomberg estimates, respectively. ICRA’s performance is much better than its peers Credit Analysis and Research (CARE) and Crisil in 1QFY16. ICRA’s rating revenue grew 16.5% compared to 13.0%/3.0% growth/decline in CARE/Crisil’s rating revenue, respectively.
Panace Biotech	Result is declining Sales is Rs 120.8 cr vs QoQ Rs 218 cr YoY Rs 131.5 cr EBITDA is Rs 7.8 cr vs QoQ Rs 14.2 cr YoY Rs 31 cr Net loss is Rs 36.4 cr vs QoQ loss of Rs 31.4 cr YoY loss of Rs 23.5 cr
Eimco Elecon	result remain flat
Bal Pharma	Result flat
Essar Port	Result ok
Jyoti Structure	result not good
Vishnu Chemical	Result improved yoy but declined qoq Sales came at 109cr vs qoq 120cr yoy 83cr EBITDA came at 20cr vs qoq 23cr yoy 13cr PAT came at 6.4cr vs qoq 9.8cr yoy 2.23cr QTR EPS is Rs.4.51
Vadilal Ind	Result improved
Stovac	result improved
Sunteck Reality	result ok
Orchid Chem	result continue to remain weak
IOL Chemical	result continue to remain weak company reported loss of Rs.18cr
Tara Jewel	result declining
Manugraph	result continue to remain weak
Bhansali Eng	result improved
Kanpur Plastic	result good
MMTC	result not good
Gujarat Apollo	result continue to remain weak
DCM Ltd	Result not good
Shree Renuka Sugar	result continue to remain weak
Diamond Power	result declining
ONGC	Result below expectation
Eros Int	Result declining
Shreyas Shipping	Result declining qoq one of the reason is dry docking of one of the ship. Sales came at 136cr vs qoq 145cr yoy 122cr EBITDA came at 21.1cr vs qoq 43.36cr yoy 17.01cr PAT cmae at 16.10cr vs qoq 36.44cr yoy 11.08cr Qtr EPS Rs.7.33
Kaveri Seeds	Result is below expectations Net Sales is Rs 664 cr vs exp of Rs 881 cr. QoQ Rs 40 cr YoY Rs 827 cr EBITDA is Rs 226 cr vs exp of Rs 248 cr. QoQ Rs 8 cr YoY Rs 232 cr PAT is Rs 218 cr vs exp of Rs 235 cr. QoQ Rs 1.3 cr YoY Rs 230 cr The stock is trading at 13.7x on FY16E earnings
Smart Link	result continue to remain weak
Shree Digvijay Cement	result declining
Surya Roshni	result remain flat
Unitech	result continue to remain weak
Page inds.	result below expectation Sales came at 438cr vs Exp 486cr EBITDA came at 102cr vs Exp 111cr PAT came at 63cr vs Exp 69cr
Hinduja Global	result Not good Sales came at 738cr vs qoq 707cr yoy 666cr EBITDA came at 54cr vs qoq 69cr yoy 77cr PAT came at 16.16cr vs qoq 41cr yoy 32cr
Ingersoll Rand	result declining Sales came at 141cr vs qoq 146cr yoy 145cr EBITDA came at 1.87cr qoq 2.76cr yoy 9.56cr PAT came at 11.46cr vs qoq 17.62cr yoy 13.05cr
Micr Electronic	result decline
Symphony	Result below expectation Sales came at 124cr vs Exp 187cr EBITDA came at 30cr vs Exp 60cr PAT came at 22cr vs Exp 43cr
Global Offshore	result declining

 

 

• Result to be Announced (Reported PAT Rs cr)

14/8/2015	Jun'14	Mar'15	Exp	NB Insti
Acrysil Ltd.	3.3	1.4	3.3	na
Akzo Nobel India Ltd.	55.2	44.6	61.3	na
Amara Raja Batteries Ltd.	106.0	102.3	117.3	na
Amtek Auto Ltd.	86.1	129.8	na	na
Archidply Industries Ltd.	1.3	1.4	na	na
BEML Ltd.	-95.5	168.9	6.5	na
Bharat Petroleum Corporation Ltd.	1216.3	2852.9	1861.8	na
Cipla Ltd.	294.6	259.7	456.2	463.3
DCM Shriram Industries  Ltd.	13.6	-6.8	na	na
DCW Ltd.	7.5	17.6	na	na
Deep Industries Ltd.	5.8	4.5	na	na
Dredging Corporation Of India Ltd.	11.1	40.8	na	na
Dynamatic Technologies Ltd.	-11.0	5.0	6.1	na
Elecon Engineering Company Ltd.	1.2	22.8	4.0	na
Ess Dee Aluminium Ltd.	5.5	6.7	na	na
Fluidomat Ltd.	1.0	1.3	na	na
Gajra Bevel Gears Ltd.	-0.1	4.0	na	na
Gujarat Industries Power Company Ltd.	48.6	16.0	50.0	na
Orient Green Power Company Ltd.	-26.1	-111.0	na	na
HBL Power Systems Ltd.	-17.3	8.7	na	na
Hindalco Industries Ltd.	327.5	159.5	143.4