Friday, October 31, 2014

PSU BANKS CMD, ED INTERVIEWS IN SECOND WEEK OF NOV

Interviews for PSU Banks CMD  and ED posts are likely to be held in the second week of Nov. A panel headed by RBI chief will hold interviews of eligible candidates. Eight  posts of  CMDs and a dozen posts of EDs are to be filled.

BSE LISTED COMPANIES MARKET CAP TOUCHES NEW HIGH

Market cap of BSE listed companies has touched all time of Rs 96.85 lac crores as on today.

INDIA'S GROWTH SLOWS DOWN

India's eight  core industries grew only by 1.9%  in Sept, the slowest pace in eight months, against 9% in the same month last year due to fall in output of crude oil, natural gas, refinery products and fertiliser.

This will have negative impact stock market when it opens on Monday.

FIIs have net bought for Rs 1755, DIIs scale down net selling

FIIs are net buyers in cash market again. In last two trading days they have net bought in excess of Rs 2500 cr in cash market. DIIs in today's market were net sellers to the extent of Rs 276 crores.

BSE REVISES CIRCUIT FILTER FOR 15 STOCKS

BSE has revised circuit filter for the following stocks WEF 03-11-2014.


Sr. No.
Scrip Code
Scrip Name
Circuit Filter % Revised to
1
538707
Rajasthan Cylinders & Containers Ltd
20
2
538715
Dhabriya Polywood Ltd
20
3
501370
Walchand Peoplefirst Ltd
10
4
524440
Camex Ltd
10
5
526687
Polo Hotels Ltd
10
6
531175
BLS Infotech Ltd
5
7
531650
Vax Housing Finance Corporation Ltd
5
8
531686
Advik Laboratories Ltd
5
9
532858
Decolight Ceramics Ltd
5
10
511682
IFL Promoters Ltd
5
11
517288
Gujarat Poly Avx Electronics Ltd
5
12
523248
Machino Plastics Ltd
5
13
523732
Ecoboard Industries Ltd
5
14
530843
Cupid Ltd
2
15
538364
Birdhi Chand Pannalal Agencies Ltd
2

SBI CAP SECURITIES : OCTOBER ROLLOVER HIGH LIGHTS

F&O Rollover Highlights : Oct  2014
  • Nifty Oct future Settled at 8169.2 against Sep future settlement of 7911.85 gaining 3.25%.
  • Market wide rollover 85.38% compared to 83.55% of previous month and 3 month's average of 84.2%.
  • Nifty rollover seen at 63.6%, lower compared to previous expiry rollover of 72.35% and 3 month's average of 71%.
  • Nifty future OI Stands at 195 L shares, higher by 15.66% compared to the previous Expiry.
  • Maximum open interest build up in Nifty options observed at 8300 Call and 8000 Put
  • Sector wise strong rollover observed in Textile, Telecom, Infra and Realty.
  • Sector wise weak rollover observed in Metals, FMCG and Technology.
  • Individual highest rollover observed in IBREALEST, KTKBANK, INDIACEM, RCOM, BATA INDIA, and ABIRLANUVO.
  • The significant gain in rollover compared to previous rollover observed in GAIL, IDBI,  IOB, ANDHRA BANK, IDEA, and RELINFRA, while drop of rollover observed in PTC, AMBUJACEM, PETRONET, ULTRACEMCO, and TECHM.
 

11 NIFTY STOCKS HIT NEW 52 WEEK HIGH

Eleven NIFTY stocks have hit new 52 week high. They are - GAIL, BPCL, Cipla, Maruti Suzuki, Infosys, Kotak Mahindra Bank,  Axis Bank, HDFC Bank, Indusind Bank, Bajaj Auto and ICICI Bank.

NIFTY : TOP GAINERS, LOSERS

GAINERS

SymbolLTP% chngVolume
IDFC
BPCL
HDFC
LT
TATAPOWER
156.25
728.25
1,103.55
1,655.50
93.90
5.40
3.73
3.65
3.62
3.59
1,82,45,948
16,27,964
32,05,500
24,94,430
56,17,883



Losers
SymbolLTP% chngVolume
BHARTIARTL
ZEEL
ACC
ITC
-
399.85
344.00
1,494.20
354.65
-
-1.88
-0.96
-0.18
-0.07
-
1,46,54,576
16,35,634
3,62,808
96,50,775
-

SBI's FY 15 Q2 RESULTS

SBI will announce its FY 15 Q2  results on November 14, 2014. 

48 OUT 50 FIFTY STOCKS ARE IN GREEN

NIFTY is 94 points as of now and 48 out of 50 stocks are in green. Only DLF and Bharti Airtel are in the red.

RIL WILL BE SECOND MOST VALUED COMPANY BY NOV END.

RIL is up Rs 12 in the morning trade and its market cap stands at Rs 3.21 lac crore as against ONGC's Rs 3.44 lac core. RIL has woken up from its slumber and the up move to continue in November too. We expect the RIL to move to second position in terms of market cap in Nov overtaking ONGC. TCS is the most valued company with market cap over Rs 5 lac crores.

LINKEDIN REVENUES UP, NET DOWN

LinkedIn  has posted net loss for the Sept quarter also. The company reported a 45 per cent rise in quarterly revenue. The company's net loss stood at $4.3 million, in the quarter ended Sept. 30,  as against $3.4 million  loss reported in the  June quarter.

TODAY’S PICK FOR TRADING


                         
               BUY CALL 

   
                                                      (AMOUNT IN RUPEES)
COMPANY
BUY AT
STOP LOSS
TARGET




SUN
823
818
847




HUL
727
722
739




JSPL
155
153
162




ULTRATECH
2508
2494
2561
LUPIN
1341
1334
1373


MARKET TURNOVER AT RECORD HIGH

As against the daily average turnover around Rs 3 lac crores, the combined market turnover, including F&O and cash markets on BSE and NSE, touched a record R10.52 lakh, on 30-10-2014. Yesterday was the last day for unwinding positions in F&O. 

Thursday, October 30, 2014

FORTHCOMING IPO: POWER MECH PROJECTS LIMITED





ISSUE SIZE

42,69, 000 EQUITY SHARES

PROMOTERS

S KISHORE BABU

BUSINESS
CONSTRUCTION – POWER, INFRA AND PETRO CHEMICALS
FACE VALUE
RS 10
ISSUE PRICE
TO BE DECIDED


LISTING
BSE / NSE

BRLM
KOTAK MAHINDRA CAPITAL, IIFL AND MOTILAL OSWAL
REGISTRAR
KARVY

NSE NEWS : NIFTY FUTURES LOT SIZE CUT TO 25

NSE has halved the lot size of Nifty Futures to 25 from October 31, the day on which new contracts for January 2015 will be available for trading. The Nifty lot size has been 50 since March 2007. The resizing comes on the back of doubling of the Nifty value over this period.

IFCI's NCD FULLY SUBSCRIBED

IFCI's Rs 250 cr NCD has been fully subscribed as on date. It has received 1.1 times subscription as on today and the offer closes on 21-11-2014. IFCI has the option to retain over subscription to the extent of Rs 2000 crores.

FIIs NET BUY IN EXCESS OF RS 1250 CR

FIIs have stepped up their delivery based buying in today's trade. They have net bought for Rs 1257 crores in cash market. DIIs have net sold for Rs 94 crores. Benchmark Sensex was up by 248 and NIFTY by 79 points due to this.

SBI's FACE VALUE SPLIT WEF 20-11-2014

SBI's face  value will be split from Rs 10 to Rs 1 with effect from 20-11-2014. 

NIFTY : TOP GAINERS

SymbolLTP% chngVolume
DLF
HCLTECH
TECHM
RELIANCE
INDUSINDBK
124.00
1,578.50
2,482.00
980.25
711.40
4.95
4.40
3.55
3.01
2.75
3,65,74,990
18,35,059
24,46,479
73,27,657
17,21,348

MARUTI's Q2 NET BEATS ESTIMATES

Maruti Suzuki has posted a net profit of Rs. 862 crores for the quarter ended September 30, 2014 as compared to Rs. 670 crores for the quarter ended September 30, 2013. Analysts were expecting net profit around Rs 840 crores. Total Income has increased from Rs. 10569 crores for the quarter ended September 30, 2013 to Rs. 12497 crores for the quarter ended September 30, 2014.

SUN PHARMA FY 15 Q2 RESULTS ON 13-11-2014

Sun Pharmaceutical Industries has informed the exchanges that a meeting of the Board of Directors of the Company will be held on November 13, 2014, inter alia, to consider and take on record the unaudited financial results of the Company for the second quarter ended September 30, 2014 (Q2).

TODAY’S PICK FOR TRADING


                         
               BUY CALL                



                                                                       (AMOUNT IN RUPEES)


COMPANY
BUY AT
STOP LOSS
TARGET
LUPIN
1350
1341
1374
SUN
 824
 818
 844




TCS
 2500
2487
2548




JSPL
154
151
163
RIL
 947
936
969
 AVOID TRADING IN BANK AND AUTO STOCKS FOR TODAY


MOTILAL OSWAL RECOMMENDS BUYING LUPIN

Motilal Oswal has maintained ‘buy’ rating on Lupin with a revised target price of Rs 1,630 valuing the stock at 22x FY17e EPS. Lupin is their top pick among large cap pharma companies.  They marginally lower our sales and ebitda estimates for FY15e-17e. While Q2FY15 missed estimates operationally, the long-term growth drivers continue to be in place.  They estimate core EPS of Rs 48/ Rs 60.9/ Rs 73.8 for FY15e/ FY16e/ FY17e — 34% EPS CAGR for FY14-17e.