MARKET OUTLOOK 5TH 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 on Tuesday as investors eyed further declines in Apple's stock and slight recovery in oil prices, amid continued focus on the timing of a rate hike. 

Dow Jones	17550.7	-47.5	-0.27%
Dow Futures	17452.0	-2.0	-0.01%
Hangseng	24498.8	+92.6	+0.38%
Nikkie	20682.7	+162.3	+0.79%
SGX Nifty	8549.5	+13.5	+0.16%

 

• Asian stocks fell as investors weighed comments from a Federal Reserve official ahead of U.S. employment data.
• Market is expected to open on a positive note and likely to witness positive momentum during the day.
• RBI has kept interest rate unchanged but has given indication that considering monsoon progress and FED action RBI may consider rate cut in coming policy meeting
• Adani Enterprises said it's in talks with Foxconn to form a manufacturing joint venture (JV) but no agreement had been signed as yet.
• Bain Capital is set to exit Hero MotoCorp by selling its remaining stake in the Indian two-wheeler maker
• The FSSAI-approved laboratory of Central Food Technological Research Institutue (CFTRI) has found Maggi noodles to be in compliance with the country's food safety standards. Positive for Nestle
• The Competition Commission of India has approved Hinduja Global Solutions' proposed acquisition of certain BPM and BPO assets of Mphasis and Msource.
• GaryKlesch won't buy Tata Steel Europe’s long products business

 

• Results Announced

Britannia	Result ahead of expectation Sales came at 2002cr vs exp 2018cr qoq 2031c5r yoy 1772cr EBITDA came at 288cr vs exp 236cr qoq 253cr yoy 170cr PAT came at 190cr vs Exp 158cr qoq 167cr yoy 114cr
Torrent Power	result improved sales came at 2863cr vs qoq 2348cr yoy 2524cr EBITDA came at 763cr vs qoq 714cr yoy 418cr PAT came at 174cr vs qoq 181cr yoy 86cr
Indian Hume Pipe	result improved
JK Tyre	result good sales came at 1760 cr vs exp- 1781cr qoq 1789cr yoy 1854cr EBITDA came at 298cr vs exp- 251cr qoq 252cr yoy 192 PAT came at 126cr vs exp- 95cr qoq 106cr yoy 55cr Qtr EPS is Rs.5.5
Hexaware technologies	result ahead of exp dollar revenue came at 121mn vs exp 119mn qoq 116mn vs yoy 102 mn Sales came at 772cr vs exp 742cr qoq 713cr vs yoy 610cr EBITDA came at 132cr vs exp 139cr qoq 127cr vs yoy 101cr PAT came at 98cr vs exp 102cr qoq 83cr vs  yoy 76.5cr Lower than expected EBITDA is on account of additional ESOP cost of Rs.8cr
Mangalam Drug	result improved qoq but remain flat yoy. Sales came at 69cr vs qoq 39cr yoy 80cr EBITDA came at 6.45cr vs qoq 3.56cr yoy 6.03cr PAT came at Rs.3.05 vs qoq negative 0.20cr yoy Rs.3.50cr Qtr EPS Rs.2.32
Makers Lab	result good
Lincoln Pharma	Result is good
Sangam India	result improved
Capital First	result operationally improved but assets quality declined Over all result ok. NIi came at 197cr vs qoq 184cr yoy 137cr PBP came at 101cr vs qoq 79cr yoy 54cr Provision came at 43cr (Adj) vs  Qoq 32cr yoy 21cr PAT came at 33cr vs qoq 37cr yoy 21cr
Tamilnadu Petro	result improved
Saksoft	result ok
Shivam Autotech	result ok
Sterling Tools	Result ok
Tribhivandas Bhimji	Result ok
NR Agarwal	Result improved but continue to inccure loss
Flex Food	Result ok
Entertainment Network	result ok sales came at 98.5cr vs yoy 91.8cr EBITDA came at 35cr vs yoy 35cr PAT came at 26cr vs yoy 24cr
AstraZeneca	Result is ok Sales is Rs 120 cr vs QoQ Rs 120.8 cr. YoY Rs 125.6 cr Adjusted (for one-time income) loss at EBITDA level is Rs 6.6 cr vs QoQ loss of Rs 27 cr. YoY loss was Rs 16 cr
Tv Today	result improved qoq sales came at 127cr vs qoq 114cr yoy 137cr EBITDA came at 30cr vs qoq 9.13cr yoy 55cr PAT came at 18cr vs qoq 9 ce yoy 33cr qtr EPS rs.3.01
MM Forging	result flat
EIH Ltd	result below exp sales came at 299cr vs exp 311cr EBITDA came at 40cr vs exp 57cr PAT came at 9cr vs exp 13cr
Clariant Chemical	Result declining
Damodar Ind	Result declining
Peninsula Land	result continue to remain weak
Dion Global	Result declining. Sales came at 64cr vs qoq 84cr yoy 60cr EBITDA came at negative 3.8cr qoq 27.10cr yoy  negative 4.30cr PAT came at Negative Rs.13.26cr vs qoq 22.28cr yoy negative 14.29cr
Grindwell Norton	result Ok Sales came at 293cr vs qoq 295cr yoy 256cr EBITDA came at 45.6cr vs qoq 48.24cr yoy 43.42cr PAT came at 26.15cr vs qoq 27.25cr yoy 24.65cr
NOIDA Toll Bridge	result ok  Sales came at 32.25cr vs qoq 32.22cr yoy 29.64cr EBITDA came at 23.97cr qoq 22.41cr yoy 21.92cr PAT came at 22.62cr qoq 22.30cr yoy 20.35cr
Bharti Airtel	result in line Sales came at 23681cr  vs Exp 2333cr EBITDA came at 8256cr vs Exp 8221cr PAT came at 1754cr vs Exp 1583cr Higher PAT is on account of some exceptional gain with higher taxation
Godrej Property	result below expectation
Jay Shree Tea	result not good
Accel Frontline	Result not good
EID Parry	result not Good
BHARAT IMMUNOLOGICALS	result declining
Future Lifestyle Fashions	result declining Sales came at 684cr vs qoq 782cr yoy 683cr EBITDA came at 63.2cr vs qoq 68.68 yoy 85.29cr PAT came at 2.48cr vs qoq 6.14cr yoy 3.56cr
Orient Cement	result below expectation Sales came at 349cr vs exp 384cr qoq 387 yoy 380cr EBITDA came at 60cr Exp 79cr qoq 100cr yoy 66cr PAT came at 28cr vs Exp 53cr qoq 85cr yoy 35cr

 

 

• Result to be Announced (Reported PAT Rs cr)

5/8/2015	Jun'14	Mar'15	Exp	NB Insti
Accelya Kale Solutions Ltd.	18.5	18.5	na	na
Asahi India Glass Ltd.	-4.1	18.7	na	na
Ashapura Minechem Ltd.	65.4	1.2	na	na
Automotive Axles Ltd.	5.7	5.0	na	na
Bata India Ltd.	59.4	58.4	62.1	69.3
Bombay Burmah Trading Corporation Ltd.	-0.9	10.8	na	na
Bengal & Assam Company Ltd.	0.6	4.0	na	na
Brigade Enterprises Ltd.	7.4	29.7	20.9	na
Camlin Fine Sciences Ltd.	5.5	8.4	6.8	na
Canara Bank	806.9	613.0	571.7	na
De Nora India Ltd.	0.7	1.5	na	na
Glaxosmithkline Consumer Healthcare Ltd.	130.1	196.8	155.2	158.9
Indraprastha Gas Ltd.	114.0	95.9	104.1	na
Insecticides (India) Ltd.	17.4	6.2	20.2	na
ITD Cementation India Ltd.	-2.4	-96.7	na	na
JB Chemicals & Pharmaceuticals Ltd.	31.8	25.7	31.0	na
Manali Petrochemicals Ltd.	6.9	8.9	na	na
Marico Ltd.	185.3	110.0	215.5	na
Nahar Spinning Mills Ltd.	-11.5	37.8	na	na
Nandan Denim Ltd.	11.5	15.3	15.5	na
New Delhi Television Ltd.	-1.5	-17.2	na	na
Orient Paper & Industries Ltd.	-22.3	16.7	na	na
Pricol Ltd.	6.1	-2.4	na	na
Prism Cement Ltd.	13.2	61.9	-15.9	na
PTC India Ltd.	43.8	56.4	44.4	na
The Ramco Cements Ltd.	35.5	94.4	101.1	38.5
Ramco Industries Ltd.	16.1	27.2	na	na
Ramco Systems Ltd.	-2.9	4.4	na	na
Sharda Cropchem Ltd.	43.1	48.1	na	na
Shree Cement Ltd.	277.0	119.7	74.7	na
Siemens Ltd.	13.0	161.9	131.1	127.1
Snowman Logistics Ltd.	0.0	14.3	na	na
Sonata Software Ltd.	32.0