L&T BAGS WESTERN DEDICATED FREIGHT CORRIDOR PROJECT

Larsen & Toubro Ltd has won contract worth Rs. 1213 Cr. The contract is  for building Western Dedicated Freight Corridor Project.

COAL INDIA BOARD TO MEET TO TAKE A CALL ON SHARES BUY BACK

Board of directors of Coal India will meet today to consider shares buy back as suggested by the Central Government.

D&B : DECEMBER IIP IS LIKELY AT 5%

Rating agency D&B says that India’s index of industrial production (IIP) is likely to grow 4-5 per cent in December 2015.

Growth in the index of industrial production is expected to gain strength as the unfavourable base effect wanes. The government’s efforts to de-bottleneck investment coupled with early signs of pick-up in urban demand would also support production, according to Dun & Bradstreet.

NIFTY : TOP GAINERS

Symbol	LTP	% chng	Volume
GAIL MARUTI M&M HINDALCO HEROMOTOCO	366.40 4,098.90 1,198.95 71.65 2,589.75	7.61 5.32 5.29 4.90 4.85	22,84,602 10,37,007 6,78,313 67,85,878 3,28,735

ECB's MONITORY POLICY DECISIONS

ECB in its meeting yesterday has decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.05%, 0.30% and -0.30% respectively.

FORTHCOMING IPO: ADVANCED ENZYME TECHNOLOGIES LIMITED

ISSUE DETAILS

ISSUE SIZE	RS 60 CR
PRICE BAND	NOT DECIDED
FACE VALUE	RS 10
BUSINESS	Manufacturers of enzymes
PROMOTERS	VASANT LAXMINARAYAN RATHI AND MR. CHANDRAKANT LAXMINARAYAN RATHI
LISTINGS	BSE, NSE
BRLMs	ICICI SECURITIES, AXIS CAPITAL
REGISTRAR	LINK INTIME
IPO GRADE	NA

TODAY'S QUOTE

Sell all other assets and buy in to Indian equities. Falling oil prices are blessings in disguise for India. Stay invested for 2 years. FirstChoiceIPO

PBOC TO INJECT AROUND $ 50 BILLIONS

To stop markets further  falling  China's central bank will inject around USD 50 billion into the money markets through 28-day reverse bond repurchase agreements, and will inject 110 billion yuan through seven-day reverse bond repurchase agreements.

ULTRATECH TO BUY CEMENT ASSETS OF JAIPRAKASH ASSOCIATES?

Market rumors are that UltraTech Cement Ltd have submitted initial bids for all the cement assets of Jaiprakash Associates Ltd. Potential buyers have been asked to take on as much as Rs.20,000 crore. 

JSW Cement Ltd, a unit of industrial conglomerate JSW Group. The bidders have started due diligence, which could be completed by the end of February.

Jaiprakash Associates Limited is selling the assets to pare debts.

IPO ANALYSIS: PRECISION CAMSHAFTS LIMITED - INVEST

ISSUE DETAILS

ISSUE OPENS / CLOSES ON	27-01 /29-01-2015
ISSUE SIZE	RS 240 CR
FACE VALUE	RS 10
ISSUE PRICE	RS 180-186
BUSINESS	Manufacturer and supplier of camshaft
PROMOTERS	Yatin Shah and Dr. Suhasini Shah
LISTINGS
BRLMs	SBI CAPS, IIFL, HDFC BANK
REGISTRAR	LINK INTIME
IPO GRADE	NA

AWAIT DETAILED ANALYSIS

SENSEX CLOSES AT 20 MONTHS LOW

Sensex closed the session on May 16, 2014, when the BJP-led NDA government assumed office, at 24,121.74 points. 

Sensex plunged 417.80 points to close at 24,062.04 on Jan 20, 2016, while NSE Nifty fell below 7,400-mark by falling 125.80 points to 7,309.

AXIS BANK POSTS GOOD NUMBERS, GROSS NPA MARGINALLY UP

Axis Bank's gross and net NPA as on 31-12-2015 were at 1.68 per cent and 0.75 per cent respectively, as against 1.38 per cent and 0.48 per cent respectively as on September 30, 2015.

The bank has reported a 15 per cent increase in net profit for the third quarter ended December 31, 2015 at Rs 2,175.30 crore compared with Rs 1,899.76 crore in the corresponding period last year.

Net interest income for the bank grew by 16 per cent to Rs 4,162 crore during Q3FY16 from Rs 3,590 crore in Q3FY15. Net interest margin for Q3FY16 remained healthy and stood at 3.79 per cent.

BSE CHANGES CIRCUIT FILTER FOR 21 STOCKS

BSE  has changed the circuit filter for the following stocks with effect from January 20, 2016.

Sr. No.	Scrip Code	Scrip Name	Circuit Filter % Revised to
1	539527	Creative Castings Ltd	10
2	523011	Weizmann Ltd	10
3	523550	Krypton Industries Ltd	10
4	590075	Lambodhara Textile Ltd	10
5	532989	Bafna Pharmaceuticals Ltd	10
6	532713	Sakuma Exports Ltd	10
7	524506	Coral Laboratories Ltd	5
8	531867	Unitech International Ltd	5
9	531952	Riba Textiles Ltd	5
10	532127	Mobile Tele Communications Ltd	5
11	532414	IKF Technologies Ltd	5
12	539518	Uday Jewellery Industries Ltd	5
13	500132	Empee Sugars & Chemicals Ltd	5
14	500267	Majestic Auto Ltd	5
15	502873	HP Cotton Textile Mills Ltd	5
16	507474	Kothari Fermentation & Biochem Ltd	5
17	510245	Swasti Vinayaka Synthetics Ltd	5
18	511724	Baid Leasing & Finance Company Ltd	5
19	513359	Parab Infra Ltd	5
20	517214	Spice Mobility Ltd	5
21	522108	Yuken India Ltd	5

TODAY'S TIPS FOR TRADING

                                    

                  BUY CALL                          (AMOUNT IN RUPEES)

COMPANY	BUY AT	STOP LOSS	TARGET
TATA MOTORS	353	347	366
SBI	183	179	191
SUN PHARMA	793	783	816
HERO MOTOCORP	2484	2461	2517
L&T	1121	1107	1142

INDIA RATINGS : INDIA TO GROW AT 7.9 PERCENT

Indian economy is expected to grow by 7.9 per cent in the next fiscal and may progress at a similar pace over a couple of years extending beyond 2019, according to India Ratings & Research.

COGNIZANT BEATS INFY, TCS AND WIPRO IN GETTING INCREMENTAL BUSINESS IN 2015

Cognizant will end up with $2.15 billion in incremental revenues in the January-December 2015 period, this is higher than the $1.96 billion in new revenues of the three largest home-grown IT firms. Mumbai-based TCS added $1.18 billion in new revenue, while Infosys did $570 million and Wipro, $211.5 million  during the same period.

Cognizant may report $12.41 billion in revenue for 2015, 20% more than what it reported for 2014.

IPO NEWS : MAINI PRECISION PRODUCTS

Bangalore based Maini Precision Products is planning to lists its shares on the bourses. The company manufacturers high precision components and parts.

The company may issue fresh equity shares to raise up to Rs 50 crore.

IMF : INDIA TO GROW AT 7.5 PERCENT IN FY 2017

IMF says that India and the rest of emerging Asia are generally projected to continue growing at a robust pace, although with some countries facing strong headwinds from China’s economic rebalancing and global manufacturing weakness.

International Monetary Fund  has retained India's 2016-17 GDP forecast at 7.5 per cent.

IPO ANALYSIS: BLUEBLOOD VENTURES LIMITED - AVOID

ISSUE DETAILS:

ISSUE OPENS / CLOSES ON	21-01 /27-01-2015
ISSUE SIZE	14,07,000 EQUITY SHARES
FACE VALUE	RS 10
ISSUE PRICE	RS 50
BUSINESS	Trading and investment activity in stocks and commodities
PROMOTERS	Suresh Bohra, Mrs.Babita Bohra, Rohit Bohra
LISTINGS	BSE - SME
BRLMs	Quintessence Enterprises Private Limited
REGISTRAR	Skyline Financial Services Pvt Ltd
IPO GRADE	NA