SEBI FINES CALS PROMOTER OF RS 750 CR

SEBI has fined Gagan Rastogi and Asiatexx Enterprises Limited amounting to Rs 750 crores. Rastogi was one of the promoter of Cals Refineries. SEBI investigation has found that the GDR amount the company raised was illegally credited to the accounts of Rastogi / his associate companies.

NIFTY : TOP GAINERS

Gainers
	LTP	% chng	Volume
BHEL CAIRN ULTRACEMCO DRREDDY DLF	267.00 239.95 2,675.00 3,233.15 137.70	3.35 2.13 1.72 1.59 1.51	53,63,890 21,31,269 1,60,389 2,43,993 43,60,342

MARKET TO CLOSE IN GREEN

Despite negative global cues stock market in India are expected to close in green, with NIFTY gaining around 50 plus points. Both FIIs and DIIs were net buyers in cash market yesterday. Select bank, pharma and tech stocks are likely to help indices to close in green.

L&T BAGS ORDER WORTH RS 2521 CR IN DEC

Larsen and Toubro  has  bagged orders worth Rs.2,521 crore in December, 2014.

IPO NEWS : KOTA BASED RESONANCE EDUVENTURES PLANS LISTING

Kota (Rajasthan) based firm - Resonance Eduventures, with 28 pan-India study centres for IIT and medical entrance exams, is planning an initial public offering to raise around Rs 500 crore. 

The IPO, unless priced very attractively, may not get good response as investors have burnt their fingers having invested in Career Point Limited.  Career Point came IPO at Rs 300 plus, about 4 years ago is now trading below Rs 200. 

NCML IPO GETS VERY POOR RESPONSE ON DAY 1

NCML IPO has received bids for just 13,800 shares as against the total offer of 60 lacs shares.

LUPIN GETS US FDA APPROVAL FOR PREZISTA TABLETS

Lupin has received US FDA approval for Generic Prezista® Tablets.

GOVT WITHDRAWS EXCISE DUTY CONCESSIONS ON AUTO SEGMENT, CONSUMER DURABLES

The government has decided to withdraw the excise duty concessions on the auto sector and consumer durables.

Excise duty on small cars, scooters, motorcycles and commercial vehicles was reduced to 8 per cent from 12 per cent previously. For SUVs, it was cut to 24 per cent from 30 per cent; for mid-sized cars, to 20 per cent from 24 per cent and to 24 per cent for large cars, from 27 per cent.

In the consumer durables sector the excise was reduced to 10 per cent from 12 per cent.

From Jan 2015, old rates will be levied.

NIFTY : TOP GAINERS

Symbol	LTP	% chng	Volume
BHEL DRREDDY BANKBARODA NTPC INDUSINDBK	259.00 3,188.50 1,084.00 142.10 794.05	1.77 1.52 1.46 1.43 1.32	21,45,067 1,15,125 5,55,305 20,55,449 6,08,817

SEBI CLEARS RINL IPO

SEBI has cleared the IPO  of RINL. The government proposes to offload 48,89,84,620 shares through an offer for sale, of which 35 percent will be reserved for retail investors and 50 per cent for qualified institutional buyers.

KOTAK SECURITIES PICKS 10 STOCKS WHICH WILL DO WELL IN 2015

1.ICICI Bank: TP – Rs.390

ICICI Bank has continued to demonstrate its prowess in improving ALM, maintaining robust liability franchise, managing asset quality risk along with conserving capital. We believe management’s focus on stable growth with improving structural profitability is likely to continue. We value standalone business at Rs.314 (2.0x FY16E ABV) and subsidiaries at Rs.76.

2.IDFC: TP – Rs.172

IDFC is present in the niche infrastructure financing space and is well positioned to benefit from India’s large infrastructure opportunity. We believe, falling wholesale funding rates along with improvement in the outlook on capital market related business are future catalyst for the stock. We like its balance sheet quality where loan loss provision ratio stands robust at 3.6% (Q2FY15), providing enough cushion to its future earnings.

3.Maruti Suzuki: TP – 3644

We expect domestic passenger vehicle industry to do well in the next two to three years. Revival in small car demand and new launches will be the key volume growth drivers for the company. Margins, going ahead, will receive support from reduction in discounts and economies of scale. Apart from this, forex movement has also been favorable for the company and that should be positive for the margins

4.TCS: TP – 2786

Spends in Digital are also growing in line with expectations. In the past several quarters, TCS has reported industry – leading growth rates with sustained margins.

The global economic scenario has improved, especially in USA. While Europe is seeing deceleration in growth, the scenario may not deteriorate significantly, we believe.

5.L&T: TP – 1762

Pace of order intake has been good and should enable the company to meet its order intake guidance for the fiscal. L&T continues to be one of the best plays on infrastructure development in the country. In addition to this, the company would be a major player in upcoming opportunities in Defence, High Speed Rail and Shipbuilding.

6.Kansai Nerolac: TP – 2400

Improvement in automotive demand should benefit KNPL significantly. We also estimate KNPL to improve market share in the high margin decorative segment (currently at 15% in the country) which should aid the margins of the company. Weak crude prices and weakening prices of crude derivatives including key raw material Titanium Dioxide, which is down by 15% YoY, should improve the margins and return ratios of the company going forward.

7.Carborundum Universal: TP – 240

Carborundum Universal enjoys leadership position in the domestic abrasives market along with strong positioning in global electro-minerals and industrial ceramics market. It is well poised to benefit from the improved industrial outlook. Company would likely witness sharp recovery in operating margins on back of restructuring in the international business, going ahead.

8.Kajaria Ceramics: TP – 648

Kajaria ceramics is ideally positioned to capture the increased demand coming from housing development, development of smart cities and industrial corridors and the focus of government on Swatch Bharat Abhiyaan, with its capacity expansion plans. Along with this, company is also likely to benefit from GST implementation.

9.EIL : TP – 300

EIL enjoys leadership positioning in Indian hydrocarbon consultancy business. It would benefit from recovery in capex cycle by various upstream/downstream companies over the next few years. EIL has also been diversifying business into other geographies which would add to revenue stream going ahead.

10 Geometric: TP – 146

The management has undertaken several restructuring initiatives to improve growth, bring in predictability as well as sustain margins. These initiatives are expected to lead to improved revenue growth over the next few quarters. The order booking over past four quarters and the strong pipe-line make us optimistic on future growth prospects.

RBI: INDIA TO GROW AT 6% IN 2015

RBI says India is expected to grow at 6 percent in 2015. Falling inflation and political stability have helped check the macroeconomic vulnerabilities, while retail inflation is expected to stabilise.

NIFTY : TOP GAINERS

Symbol	LTP	% chng	Volume
ASIANPAINT SSLT JINDALSTEL HINDALCO TATA MOTORS	758.70 215.90 155.20 156.60 496.00	4.35 4.05 3.95 3.03 2.24	8,50,978 41,16,555 70,45,427 47,55,096 27,53,590

L&T wins orders worth Rs 894 cr

Larsen & Toubro's Hydrocarbon Engineering  has won orders valued Rs. 894 Crores.

INSTITUTIONS NET BUY FOR RS 456 CR

Institutions - both FIIs and DIIs have net bought for Rs 456 cr in cash market on Friday.

LUPIN EYES OVERSEAS ACQUISITION

Pharma  major Lupin is eyeing acquisitions in global markets, including the US, Latin America and Europe.

TODAY'S PICK FOR TRADING

BUY CALL           

                                                                (AMOUNT IN RUPEES)

COMPANY	BUY AT	STOP LOSS	TARGET
AXIS BANK	490	485	500
LUPIN	1394	1382	1437
DR REDDY’S	3127	3109	3199
ICICI BANK	349	345	358
SBI	306	303	314
SUN PHARMA	808	801	833

BSE REVISES CIRCUIT FILTER FOR 14 STOCKS

BSE has revised the circuit filter for the following stocks with effect from December 29, 2014.

Sr. No.	Scrip Code	Scrip Name	Circuit Filter % Revised to
1	538833	Anubhav Infrastructure Ltd	20
2	500285	Spicejet Ltd	10
3	509051	Indian Infotech & Software Ltd	10
4	513305	Moryo Industries Ltd	10
5	530955	Mindvision Capital Ltd	10
6	531693	Yantra Natural Resources Ltd	10
7	536672	VCU Data Management Ltd	10
8	534741	Virtual Global Education Ltd	5
9	531216	Comfort Intech Ltd	5
10	524520	KMC Speciality Hospitals (India) Ltd	5
11	531689	Mahavir Advanced Remedies Ltd	2
12	509053	Banas Finance Ltd	2
13	526001	Jauss Polymers Ltd	2
14	526735	Excel Castronics Ltd	2

RANBAXY's Q3 ON 28-01-2015

Ranbaxy Laboratories has informed the exchanges that a meeting of the Board of Directors of the Company will be held on January 28, 2015, inter alia, to consider and approve Standalone and Consolidated Unaudited Financial Results for the third quarter.

CARE EXPECTS TO RUPEE TO TRADE AROUND 65

CARE expects the domestic currency to hover  around 64 / 65 a dollar in the coming days until there is intervention from the RBI and the global situation returns to normalcy.

SEBI BARS M P BASED FIRM

Coming down hard on an illegal realty investment scheme, estimated at about Rs.900 crore, SEBI has barred Sai Prakash Properties Development and its directors from raising funds from public. The company is based at Madhya Pradesh.

LUPIN GETS USFDA APPROVAL FOR EPIVIR TABLETS

Lupin has received US health regulator’s approval to market a generic version of ViiV Healthcare’s Epivir Tablets, used in treating HIV infection, in the American market.

DR REDDY'S CLARIFIES ON HEALTH CANADA

Dr Reddys Laboratories Ltd  has filed a clarification statement with the exchanges  stating  that In keeping with current regulations of Health Canada, the Company has voluntarily placed under quarantine all APIs and the formulations based on APIs produced at our API facility in Srikakulam district of Andhra Pradesh intended for use in Canada. Its products continue to meet intended quality standards, and they believe that, its APIs and Finished drug products manufactured using these APIs pose no risk to the health and safety of the Canadian people. The Company is working with the agency for a satisfactory resolution of the matter. At this stage, it has no implication on any activity at the plant and hence, these are not expected to be material to the Company's operations or consolidated results.

FIIS RESUME NET BUYING

After several days of net selling in cash market, FIIs have net bought for Rs 40 cr in today's trading DIIs too have net bought for Rs 417 crores.

NIFTY : TOP GAINERS

Symbol	LTP	% chng	Volume
DLF TECHM JINDALSTEL HCLTECH HDFC	135.90 2,567.00 148.95 1,567.00 1,113.35	3.23 1.96 1.92 1.77 1.23	93,45,778 2,14,049 48,37,241 5,17,260 11,21,541

IPO ANALYSIS : NCML INDUSTRIES LIMITED - INVEST

ISSUE OPENS / CLOSES ON 29-12 -2014 / 02 -01-2015 ISSUE SIZE 60,00,000 EQUITY SHARES PRICE BAND RS 100-120 FACE VALUE RS 10 PROMOTERS MOHAN LAL JAIN,  MANISH JAIN, M S. SUMAN JAIN AND N M AGRO PRIVATE LIMITED BUSINESS TRADING / MFGS OF EDIBLE OILS LISTING BSE AND NSE BRLMs CORPORATE STRATEGIC ALLIANZ LIMITED REGISTRAR SATELLITE CORPORATE SERVICES PRIVATE LIMITED                          FINANCIALS                       (Rs in crores) 2012 2013 2014 JUNE 4014 REVENUE 1692 1996 2767 882 NP 33 45 55 7 EQUITY 21.02 23.55 23.55 23.55 EPS 21.01 20.02 23.45 11.29