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 higher on Friday, delivering their second gain in two days and pushing the Standard & Poor's 500 index back into positive territory for the year.
| Dow Jones |
17646.7
|
+157.5
|
+0.90%
|
| Dow Jones Fut |
17530.0
|
-16.0
|
-0.09%
|
| Hangseng |
23216.8
|
+64.9
|
+0.28%
|
| Nikkie |
19052.7
|
+227.4
|
+1.21%
|
| SGX Nifty |
8360.5
|
+45.5
|
+0.55%
|
- Asian stocks extended their rally on Monday, after another rate cut in China fueled risk appetite which were already given a boost by hints of further stimulus from the European Central Bank last week.
- China Central Bank cuts lending rates by 25bps and cuts RRR by 0.5% on Friday evening
- Market is expected to open with a gap up and likely to witness positive move during the day.
- Vedanta Mulls Sweetening offer for Cairn India merger. CNBC TV 18
- Eros International has come under attack of a leading Wall Street bank, Wells Fargo. The investment bank has raised questions about US-listed Eros's continued increase in revenues from the UAE
- Nippon Life Insurance is set to acquire another 23% of Reliance Life Insurance for Rs 2,500 crore to increase its stake in the joint venture with Reliance Capital to 49%
- A British judge has dismissed private carrier Jet Airways' appeal against a 15,000 euro fine for failure to comply with the European Union's emissions target
- Fitch has reaffirmed the long-term foreign currency issuer default rating and senior unsecured ratings of Tata Motors-owned Jaguar Land Rover at 'BB-' with positive outlook
- Ashoka Buildcon gets order worth Rs 277 core from NHAI
- Madhucon Projects to sell Agra-Jaipur expressway arm to Cube Highways for Rs 248 crore
- CBI finds lapses by IDBI in approving Kingfisher loan: ET
- Debt laden Jaypee group restarts talks with JSW to sell its entire 20-22 million tonne cement portfolio: ET
- Sunteck Realty to invest Rs 1,000 crore over next two years acquiring distressed assets
- Nila Infra received order from Ahmedabad Municipal Corporation for slum rehabilitation & redevelopment on PPP basis
| Cadila Healthcare - Insti |
- Earnings Up As Operating Performance Beats Expectations
- Cadila Healthcare’s (CHL) 2QFY16 reported revenue/EBITDA/PAT of Rs24.6bn/Rs6.2bn/3.9bn rose 17%/48%/41% YoY, respectively, but other operating income was higher at Rs0.8bn compared to Rs0.4bn in 2QFY15 as 1HFY16 included one-time income from the sale of dossiers amounting to US$10.5mn in 1QFY16 and US$3mn in 2QFY16 (total US$13.5mn in 1HFY16), but adjusting for this reported revenue was down 3%/1% compared to our/Bloomberg consensus estimates, respectively. Reported EBITDA of Rs6.2bn was 14%/17% above our/Bloomberg consensus estimates, respectively, and reported PAT of Rs3.9bn was up 7%/9% compared to our/Bloomberg consensus estimates, respectively, despite a higher tax rate for the quarter. We continue to remain sanguine on the US business growth, given the elevated drug filings/approvals and all this coupled with a likely recovery in domestic business.
|
| Force Motor |
- Result improved Sales came at 756cr vs qoq 634cr yoy 592cr EBITDA came at 64.65cr vs qoq 54.7cr yoy 36cr PAT came at 42.48cr vs qoq 35.76cr yoy 25.69cr Qtr EPS is Rs.32.24 and on Q2 annualised Earning Share is trading at PE of 27
|
| L&T Finance |
- Result improved NII came at 795cr vs qoq 733cr yoy 669cr PAT came at 215cr vs qoq 192cr yoy 182cr Assets Quality remain stable with GNPA at 3.08% vs qoq 3.05%
|
| IIFL |
- result improved. Total income came at 1029cr vs qoq 961cr yoy 892cr. NII came at Rs.370cr vs qoq 324cr yoy 300cr PAT came at 140cr vs Rs.107cr yoy 109cr
|
| Omkar Speciality |
- result improved Sales came at 101cr vs qoq 90.5cr yoy 66.8cr EBITDA came at 18.2cr vs qoq 17.3cr yoy 13.3cr PAT came at 9.01cr vs qoq 8.2cr yoy 6.4cr Qtr EPS came at Rs.4.38
|
| GSFC |
- Result good. Sales came at 1762cr vs exp 1473cr qoq 1084cr yoy 1481cr EBITDA came at 206cr vs Exp 179cr qoq 156cr yoy 163cr PAT came at 143cr vs Exp 119cr qoq 101cr yoy 124cr Qtr EPS is Rs.3.58
|
| Kansai Nerolac |
- Result is above expectations despite lower sales
- Sales came at Rs 969 cr vs exp of Rs 1003.6 cr. QoQ Rs 997.5 cr YoY Rs 915.2 cr
- EBITDA is Rs 154 cr vs exp of Rs 149 cr. QoQ rs 149 cr YoY Rs 120 cr
- PAT is Rs 97 cr vs exp of Rs 90 cr. QoQ Rs 94 cr YoY Rs 72.7 cr
- The stock is trading at 40x FY16E earnings
|
| Bharti Infratel |
- Result inline Revenue came at 3038cr vs Exp 3089cr qoq 3015cr yoy 2930cr EBITDA came at 1301cr vs Exp 1343cr qoq 1297cr yoy 1215cr PAT came at 579cr vs Exp 583cr qoq 575cr yoy 465cr
|
| VIP |
- result good Sales came at 295cr vs yoy 218cr EBITDA came at 25cr vs yoy 11cr PAT came at 15.7cr vs yoy 3.8cr
|
| Symphony |
- Result improved Sales came at 114cr vs qoq 110 yoy 92cr EBITDA came at Rs.34cr vs qoq Rs.20cr yoy 24cr PAT came at 29cr vs qoq 22cr yoy 22cr
|
| Inox Leisure |
- Result improved. Sales came at 343cr vs qoq 340cr yoy 254cr EBITDA came at 56.5cr vs qoq 65.6cr yoy 36.6cr PAT came at 20.5cr vs yoy 25.3cr yoy 5.2cr share is trading at 22 PE FY17 earning
|
| Asian Paints |
- Result is below expectations
- Sales came at Rs 3730.6 cr vs exp of Rs 3915 cr. QoQ Rs 3578 cr YoY Rs 3587 cr
- EBITDA is Rs 621 cr vs exp of Rs 668 cr. QoQ rs 683 cr YoY Rs 536 cr
- PAT is Rs 399 cr vs exp of Rs 444 cr. QoQ Rs 455 cr YoY Rs 347 cr
- The stock is trading at 44x FY16E earnings
|
| Persistent Systems |
- result inline with expectation. $ revenue came at $82.96mn vs Exp $83mn qoq 78.61mn growth of 5.5% qoq. Rupee revenue came at Rs.543cr vs Exp 542 qoq 500cr yoy 464cr EBITDA came at 102cr vs Exp 104cr qoq 97cr yoy 96cr PAT came at 72cr vs Exp 72cr qoq 67cr yoy 71cr
|
| Godrej Consumer Product |
- result inline with expectation Sales came at 2242cr vs Exp 2272cr qoq 2095cr yoy 2047cr driven by 9% volume growth. EBITDA came at 407cr vs Exp 402cr qoq 315cr yoy 341cr PAT came at 287cr vs Exp 278cr qoq 199cr yoy 234cr.
|
| Deep Ind |
- result improved Sales came at 34.23cr vs qoq 27.26cr yoy 25.43cr EBITDA came at 18.75cr vs qoq 15.73cr yoy 13.83cr PAT came at 8.01cr vs qoq 6.73cr yoy 5.32cr Qtr EPS is Rs.2.74
|
| Kewal Kiran Clothing |
- Result ok Sales came at 141cr vs qoq 91cr yoy 129cr EBITDA came at 37.6cr vs qoq 15cr yoy 35.75cr PAT came at 24.1cr vs qoq 11.4cr yoy 24.26cr Qtr EPS is Rs.20. Result is compared yoy
|
| Indo Count Ind |
- result good. Sales came at 573cr vs exp 563cr qoq 455cr yoy 455cr EBITDA came at 128cr vs qoq 104cr yoy 80cr PAt came at 66cr vs 64cr qoq 55cr yoy 43cr Qtr EPS is Rs.16.7
|
| Wendt India |
|
| IG Petro |
|
| Chollamandalam |
- Result inline NII came at 510cr vs Exp 493cr qoq 491cr yoy 418cr PBP came at 300cr vs Exp 288cr qoq 279cr yoy 233cr Provision came at 115cr vs qoq 107cr yoy 86cr PAT came at 122 cr vs Exp 121cr qoq 111cr yoy 99cr
|
| Gallantt Ispat |
|
| Gallantt Metal |
|
| Steel Strips Wheel |
|
| Rallis India |
- result below expectation. Sales came at 500cr vs Exp 651cr qoq 463cr yoy 635cr EBITDA came at 96.6cr vs Exp 116cr qoq 56.5cr y oy 122cr PAT came at 57.3cr vs Exp 70cr qoq 33cr yoy 73.4cr
|
| Cera Sanitaryware |
- result below expectation. Sales came at 225cr vs Exp 233cr qoq 194cr yoy 200cr EBITDA came at 29.1cr vs Exp 32cr qoq 28.2cr yoy 27.6cr PAT came at 17.9cr vs Exp 19cr qoq 15.7cr yoy 15.7cr
|
| 3i Infotech |
- result continue to remain weak
|
| Ind Swift Lab |
- result continue to remain weak
|
- Results to be announced (PAT Rs cr)
| 26-Oct |
Sept'14
|
June'15
|
Expectation
|
| Advanta Ltd. |
18.9
|
21.2
|
na
|
| Aptech Ltd. |
4.9
|
2.8
|
na
|
| Asian Granito India Ltd. |
4.0
|
3.3
|
4.3
|
| Bharti Airtel Ltd. |
1383.2
|
1554.3
|
1159.4
|
| Blue Star Ltd. |
9.1
|
39.0
|
11.7
|
| Entertainment Network (India) Ltd. |
23.3
|
25.9
|
na
|
| Gujarat Sidhee Cement Ltd. |
-9.8
|
-1.0
|
na
|
| Housing Development Finance Corporation Ltd. |
2064.4
|
2204.3
|
na
|
| Hester Biosciences Ltd. |
2.7
|
4.7
|
3.4
|
| Himachal Futuristic Communications Ltd. |
68.9
|
112.4
|
na
|
| Hitachi Home & Life Solutions (India) Ltd. |
9.1
|
46.5
|
6.2
|
| Hindustan Media Ventures Ltd. |
31.5
|
41.7
|
43.0
|
| Inox Wind Ltd. |
0.0
|
50.5
|
na
|
| Kirloskar Ferrous Industries Ltd. |
20.2
|
15.3
|
16.5
|
| Kesar Terminals & Infrastructure Ltd. |
3.8
|
3.8
|
4.0
|
| Man InfraConstruction Ltd. |
22.8
|
4.8
|
na
|
| MPS Ltd. |
14.1
|
14.4
|
15.5
|
| Peninsula Land Ltd. |
2.8
|
-9.4
|
na
|
| Somany Ceramics Ltd. |
10.5
|
10.5
|
13.3
|
| Sterlite Technologies Ltd. |
12.6
|
-11.3
|
na
|
| Uniphos Enterprises Ltd. |
9.6
|
-0.6
|
na
|
| UPL Ltd. |
166.1
|
274.8
|
234.6
|
| Wonderla Holidays Ltd. |
6.4
|
28.0
|
6.1
|
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