JET AIRWAYS SURGES ON RJ's BOARDING

Rakesh Jhunjhunwala has picked up 1 per cent stake in Jet Airways for Rs 50 crore through an open market transaction.

Rakesh Jhunjhunwala’s RARE Enterprises acquired 11,95,000 shares stake in the private airline.

The shares were bought at an average price of Rs 422.76, valuing the transaction at Rs 50 crore.

As soon as the news flashed about the above transaction Jet Airways stock surged by as much as 11.28 per cent to close at Rs 445.40 apiece.

L&T'S NET AT RS 996 CR, STOCK TANKS 4%

Infra major L&T has posted a  net profit of Rs.996 for Sept quarter, aided by exceptional items to the tune of Rs.310 crore.

Net sales rose 10.56% to Rs.23,393 crore, helped by growth in the infrastructure, power, information technology and technology services, and financial services businesses.

The stock tanked 4% and closed at Rs 1407 after touching 52 week low of Rs 1400 in yesterday's trading.

MOODY's WARNS MODI &CO

Prime Minister Narendra Modi was warned by global research firm Moody's to keep BJP members from making provocative statements or risk losing credibility at home and abroad. 

Moody’s Analytics, the research and analysis arm of global rating agency Moody’s, is of the view that leaders of various political parties are making controversial comments fanning “ethnic tensions”, which is not good for the government’s image and its economic reform agenda.

MUHURAT TRADING ON 11 NOV

Muhurat special live trading session shall be held on Wednesday, November 11, 2015 on account of Muhurat trading on Diwali as per the following schedule.

Normal Market open 17:45 hrs.

Normal Market close 18:45 hrs.

Set up cut off time for Position Limit / Collateral value 19:00 hrs.

Trade modification end time 19:00 hrs.

S H KELKAR IPO HAS BEEN SUBSCRIBED 27 TIMES

S H Kelkar IPO which closed today has been subscribed by 27 times.

Perfect Infraengineers IPO opens today - Subscribe

Perfect Infraengineers fixed price IPO opens for subscription today. The shares will be listed on NSE on SME platform. The company is offering shares at Rs 23 a piece.

Perfect is engaged in the business of Mechanical, electrical and plumbing (MEP) turnkey project contracting & engineering. Company is professionally managed and its customer base includes most well known companies in the construction / infra segment.

The IPO closes on 4th Nov. 

JUST DIAL FALLS 11% ON Q2 NUMBERS

Just Dial has posted a net profit of Rs. 46.30 cr for the quarter ended September 30, 2015 as compared to Rs. 31.49 cr for the quarter ended September 30, 2014. 

The total Income has increased from Rs. 156 cr for the quarter ended September 30, 2014 to Rs. 197 cr for the quarter ended September 30, 2015.

The stock tanked 11% and closed at Rs 853 in yesterday's trading.

DR REDDY'S BEATS ESTIMATES, STOCK UP RS 90

Dr Reddy's Laboratories for July-September has reported a net profit of Rs 722 cr up by 26 percent YOY.

Revenue increased by 11.2 percent to Rs 3,989 crore from Rs 3,588 crore.

The stock gained Rs 90 and closed at Rs 4205 in yesterday's trading.

S H KELKAR IPO CLOSES TODAY : SUBSCRIBE

S H Kelkar IPO in the price band of Rs 173-180 closes today. The IPO has been fully  subscribed on day 2 itself.

INTERGLOBE IPO TOO FAILS RETAIL TEST

InterGlobe IPO which closed yesterday has been subscribed to the extent of 6 times the total shares offered. However like Coffee day IPO this has also failed to get 1 time subscription from the retail segment. Retail segment has got subscription to the extent of 0.92 times only.

ICICI DIRECT SETS A TARGET OF RS 600 FOR AXIS BANK

ICICIDirect recommends buying Axis Bank with a medium term target of Rs 600. The stock is down Rs 4 as of now and trading around Rs 480.

IPO NEWS : INTERGLOBE FULLY SUBSCRIBED, SH KELKAR GETS 42% SUBSCRIPTION

InterGlobe IPO has been fully subscribed on day 2. The issue closes today. S H Kelkar which opened yesterday received good response and has been subscribed to the extent of 42%.

SBI CAP SEC : BUY ACC, TARGET RS 1481

SBICap Securities  has recommended buying ACC at CMP with  Medium target of Rs 1481.

EASE OF DOING BUSINESS : INDIA IMPROVES RANK

World Bank's Chief Economist and Senior Vice President Kaushik Basu says India has improved its rank in ease of doing business in the last 1 year. He says for any big economy, a rank improvement of 12 is a remarkable achievement. Going from 142 in the world to 130, as India has done, is very good sign. It gives a good signal about the way things are moving in India, Basu said in an interview as World Bank released its annual report 'Doing Business 2016' which is topped by Singapore, followed by New Zealand, Denmark, South Korea, Hong Kong, Britain and the US.

AXIS BANK REPORTS MARGINAL IMPROVEMENT IN NET IN Q2

Axis Bank has posted a net profit of Rs. 1915 cr for the quarter ended September 30, 2015 as compared to Rs. 1610 cr for the quarter ended September 30, 2014. 

The total Income has increased from Rs. 10549 cr for the quarter ended September 30, 2014 to Rs. 12001 cr for the quarter ended September 30, 2015.

The stock closed at Rs 517 in yesterday's trading.

MARUTI's NET BEATS ESTIMATE IN Q2

Maruti has posted a net profit of Rs. 1226 cr for the quarter ended September 30, 2015 as compared to Rs. 863 cr for the quarter ended September 30, 2014. 

The total Income has increased from Rs. 12497 cr for the quarter ended September 30, 2014 to Rs. 14070 cr for the quarter ended September 30, 2015.

The stock gained Rs 131 and closed at Rs 4587 in yesterday's trading.

S H KELKAR ALLOTS SHARES TO T ROWE PRICE, ICICI PRUDENTIAL MF

S H Kelkar has roped in anchor investors and issued 84.70 lakh shares  at the top end of the price band. The anchor investors includes T Rowe Price, Smallcap World Fund, Neuberger Berman, ICICI Prudential Mutual Fund, Birla Sun Life Mutual Fund, Axis Mutual Fund and L&T Mutual Fund among others. 

INDIA CONSUMES MORE GOLD THAN CHINA

India has consumed  a total of 642 tonnes gold for the first 9 months compared 579 tonnes consumed by China, according to GFMS Gold Survey Q3 2015 Review and Outlook.

APPLE's REVENUE, NET UP IN FOURTH QUARTER

Apple has posted quarterly revenue of $51.5 billion and quarterly net profit of $11.1 billion. These results compare to revenue of $42.1 billion and net profit of $8.5 billion, in the year-ago quarter. 

Gross margin was 39.9 percent compared to 38 percent in the year-ago quarter. International sales accounted for 62 percent of the quarter’s revenue.

The growth was fueled by record fourth quarter sales of iPhone, the expanded availability of Apple Watch, and all-time records for Mac sales and revenue from services.

Apple has generated more than 60% of its revenue outside the U S.

IPO LISTING NEWS : COFFEE DAY ENTERPRISES

Coffee Day Enterprises IPO shares are likely to be listed on 30-10-2015.

S H KELKAR IPO OPENS TODAY - INVEST

S H Kelkar IPO in the price band of Rs 173-180 opens for subscription today. The IPO is a short term as well as long term bet. Invest.

INTER GLOBE AVIATION IPO SUBSCRIBED 87% ON DAY 1

InterGlobe IPO has been subscribed 87% on day 1. The IPO has received good response from QIB segment, which is oversubscribed almost 3 times the shares reserved for the category. However the IPO has received poor response from retail, employees segment.  The IPO closes tomorrow.

INTERGLOBE IPO GETS GOOD RESPONSE

InterGlobe IPO which opened subscription today has received good response. By 1 pm the IPO has been subscribed more than 33% . 

BSE SHIFTS ANOTHER 23 STOCKS TO 'Z' GROUP

Sr. No.	Scrip Code	Company Name
1	526955	ABL Bio Technologies Ltd
2	517552	Advanced Micronic Devices Ltd
3	532068	Aramusk Infrastructure Investments Ltd
4	531783	Azure Exim Services Ltd
5	520115	Brakes Auto India Ltd
6	511636	DJS Stock & Shares Ltd
7	532022	Filatex Fashions Ltd
8	531754	Fintech Communication Ltd
9	526523	Jay Energy & S Energies Ltd
10	513460	Mahalaxmi Seamless Ltd
11	531664	Mahavir Impex Ltd
12	501473	Malabar Trading Company Ltd
13	503685	Mediaone Global Entertainment Ltd
14	522235	Minal Industries Ltd
15	513611	Pithampur Steels Ltd
16	530053	Real Realty Management Company Ltd
17	526075	Rekvina Laboratories Ltd
18	535503	Roselabs Ltd
19	511760	Seven Hill Industries Ltd
20	531544	Vertex Spinning Ltd
21	506103	Victoria Enterprises Ltd
22	512624	Spine Traders Ltd.
23	530547	Ken Financial Services Ltd

 

TOYOTA TOP SELLING CAR GLOBALLY

The Japanese carmaker Toyota has sold 7.5 million in the first three quarters of 2015, beating Volkswagen's 7.43 million and General Motors' 7.2 million. Toyota has occupied the top slot.

INTERGLOBE AVIATION IPO OPENS TODAY : SUBSCRIBE

InterGlobe Aviation IPO in the price band of Rs 700-765 opens for subscription today.

Detailed analysis of the IPO has been posted else where on the web site.

Subscribe to the IPO for listing gains.

HDFC LIFE IPO NEXT YEAR

HDFC has indicated that HDFC Standard Life Insurance company's IPO will happen next year. At present Standard Life hold 26% in the joint venture.

INTER GLOBE ROPES IN ANCHOR INVESTORS

IPO bound InterGlobe Aviation has raised Rs.832 crore via the anchor investor allocation. The company has allotted the shares at Rs.765 apiece, the upper end of the Rs.700-765 price band.

Subscribers to the anchor book include investors such as Harvard University Endowment Fund, Goldman Sachs Group Inc., Ruane Cunniff & Goldfarb Inc., Fidelity Investments, BlackRock Inc., Dutch pension fund APG and GIC Pte. Ltd, Singapore’s sovereign wealth fund. Domestic investors include HDFC Mutual Fund and Sundaram Mutual Fund.

HDFC'S NET @ RS 2106 CR

HDFC has posted a  net profit of Rs. 2106 cr for the quarter ended September 30, 2015 as compared to Rs. 2064 cr for the quarter ended September 30, 2014. 

Total Income has increased from Rs. 11644 cr for the quarter ended September 30, 2014 to Rs. 12530 cr for the quarter ended September 30, 2015.

Stock tanked 2 odd percent in today's trade and closed at Rs 1306.

BHARTI AIRTEL's NET AT RS 1523

Bharti Airtel for Sept quarter has posted a net profit of Rs 1523, as against Rs 1383 reported in the same quarter last fiscal. This is much above the analysts expectations.

Total Income has increased from Rs. 228,61 cr for the quarter ended September 30, 2014 to Rs. 238,51 cr for the quarter ended September 30, 2015.

BSE CHANGES CIRCUIT FILTER FOR 8 STOCKS

BSE has changed circuit filter for the following stocks with effect from October 26, 2015.

Sr. No.	Scrip Code	Scrip Name	Circuit Filter % Revised to
1	500132	Empee Sugars & Chemicals Ltd	10
2	500231	Umang Dairies Ltd	10
3	507450	Thiru Arooran Sugars Ltd	10
4	509635	Hindustan Composites Ltd	10
5	519003	Modi Naturals Ltd	10
6	524703	Sandu Pharmaceuticals Ltd	5
7	531489	CG Vak Software & Exports Ltd	5
8	537326	Chemtech Industrial Valves Ltd	5

RELIGARE RECOMMENDS BUYING HDFC BANK

Brokerage house Religare has recommended buying HDFC bank. Its research report on HDFC Bank says that bank delivered yet another strong quarter with reported Q2 PAT up 20% YoY to Rs 29bn and NII higher 21% YoY, largely in line. Strong retail growth (+29% YoY) shored up overall loans/fee income by 28%/22% YoY. 

Asset quality was stable with stressed assets at 0.3% of total loans remaining among the lowest in industry. 

The bank created floating provisions of Rs 500mn in Q2, which is encouraging. NIMs however slid 10bps QoQ to 4.2%. Maintains BUY with a Sep’16 Target Price of 1,325.

BARC : DD MOST WATCHED GENERAL ENTERTAINMENT CHANNEL

Doordarshan has emerged as the most watched Hindi channel in terms of time spent per viewer ahead of top General Entertainment Channels.

According to Broadcast Audience Research Council (BARC)  which released the much awaited All India viewership data, which includes rural India, for the very first time, DD National, the flagship channel of the network, registered an Average Time Spent of 51 Min per viewer, highest among Hindi GECs. 

BANK EMPLOYEES TO GO ON STRIKE ON DEC 2

AIBEA has given a strike call is to press for addressing issues like de-linking associate banks from SBI and extending compassionate appointments as per government guidelines. AIBEA affiliated employees will a observe one day strike on Dec 2.

Separately, the State Sector Bank Employees Association has also given a call for strike on two days on December 1 and 2.  

REC's TAX FREE BOND OFFER OPENS ON 27TH OCT - INVEST

Rural Electrification Corporation's  public issue of tax-free bonds worth Rs 700 crore opens on 27th Oct. The company is offering  a coupon rate at 7.14%, 7.34% and 7.43% on 10,15 and 20 years, respectively,for retail investors.

We advise the investors to invest in the above tax free bond.

IPO ANALYSIS: PERFECT INFRAENGINEERS LIMITED - INVEST

ISSUE DETAILS

ISSUE OPENS / CLOSES ON	30-10 /04-11-2015
FACE VALUE	RS 10
PRICE BAND	NOT DECIDED
ISSUE SIZE	RS 60
BUSINESS	TURN KEY BUSINESS -MECHANICAL, ELECTRICAL AND PLUMBING
PROMOTERS	R. NIMESH MEHTA & MS. MANISHA MEHTA
LISTINGS	NSE- EMERGE
BRLMs	KEYNOTE, SIDBI
REGISTRAR	KARVY
IPO GRADE	NA

FORTHCOMING IPO: SSIPL RETAIL LIMITED

ISSUE DETAILS:

ISSUE SIZE	RS 72 CR
FACE VALUE	RS 10
BUSINESS	Marketing and distribution of sports and lifestyle products
PROMOTERS	RISHAB SONI, SUNIL TANEJA, AMIT MATHUR, KABIR TANEJA
LISTINGS	BSE, NSE
BRLMs	AXIS CAPITAL, AMBIT CORP SERVICES
REGISTRAR	KARVY
IPO GRADE

HDFC BANK TO OVERTAKE ITC FOR THE THIRD SPOT

HDFC bank will overtake ITC for the third most valued company on the Indian bourses. 

TCS is the most valued company followed by RIL.

As of now HDFC Bank's market cap stands at Rs 2.79 lac crore as against Rs 2.86 lac crore of ITC. 

The bank has outperformed in the second quarter and is a favorite stock of fund managers as well as of FIIs.  Most brokerage houses are bullish on the stock and  has set a medium term target of Rs 1200 plus for the stock.

The stock is up one odd percent in the morning trade and trading around Rs 1110 as of now.

IL&FS TRANSPORTATION NETWORK : IPO @ RS 258, RIGHTS @ 90

IL&FS Transportation Networks came IPO at Rs 258 in  March 2010. After 5 and half a year the company is coming out with an rights offer at Rs 90.

Shares are now trading around Rs 96.

This is what we wrote on the IPO in March 2010:

- Promoters - IL&FS, has been involved in SEBI proceedings in the past and has been subjected to certain penalties by SEBI.

- IL&FS’s business is significantly dependent on policies of the Government of India.

- Funds are raised, mainly for pre payment/repayment of laons (Rs 500cr).

- The growth of the business mainly depends on winning new contracts.

- Company operates in an industry that is capital intensive in nature, which requires capital infusion periodically to sustain growth.

- Operates in a regulated environment, the toll road operations are regulated by the NHAI.

RECOMMENDATIONS

The issue,in the price band of Rs 242-258, is very aggressively priced. Refrain from subscription.

The company came with an rights offer in 2014 also. 

There are no bonus issue or split in the face value of the share since its came public.

AFTER INDIGO, GOAIR MULLS IPO

GoAir another LCC or budget airline is planning to lists its shares this fiscal. The Wadia Group-promoted budget carrier  has signed a contract to buy 72 new Airbus A320 planes starting April next year. 

ALPHABET REPORTS 50% JUMP IN NET, STOCK UP 11 PERCENT

Alphabet (parent company of Google) has reported net up almost 50% for the Sept (third) quarter.

Net income rose to $3.98bn, up from $2.74bn for the same quarter last year.

Google's revenue was $18.7  compared with $16.5bn.

Growth came mainly from mobile searches and YouTube users.

The stock gained 11% and closed at $ 722. 
.

COFFEE DAY FIXES IPO PRICE AT THE HIGHER END

Coffee Day Enterprises has fixed its public offer price at Rs 328 per share, the higher end of the price band.  At the above price Coffee Day will get a total of Rs 1,150 crore from the IPO.

HDFC BANK MAINTAINS STELLAR PERFORMANCE

HDFC bank's net profit rose to Rs.2,869 crore for the three months ended 30 September from Rs.2,381 crore in the same quarter last year.

Net interest income increased 21.2% to Rs.6,681 crore from Rs.5,511 crore.

Other income rose 25% to Rs.2,551.76 crore. Of this, fee income stood at Rs.1,869 crore, up nearly 22% from Rs.1,537 crore a year ago.

The bank’s total advances as on 30 September stood at Rs.4,18,541 crore.  The Bank also saw its deposit base grow by 30% to Rs.5,06,909 crore during quarter.

In Spite of reporting good numbers in a difficult and challenging quarter, the stock closed flat at Rs 1094 in yesterday's trading.