Saturday, January 23, 2016

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.

Friday, January 22, 2016

NIFTY : TOP GAINERS


SymbolLTP% chngVolume
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.

Thursday, January 21, 2016

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.


Wednesday, January 20, 2016

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