Larsen & Toubro Ltd has won contract worth Rs. 1213 Cr. The contract is for building Western Dedicated Freight Corridor Project.
Saturday, January 23, 2016
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.
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
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.
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.
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.
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.
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.
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.
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.
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
|
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