Tuesday, May 31, 2016

SUN PHARMA'S FY 16 RESULTS BETTER THAN EXPECTED

Sun Pharmaceutical Industries has reported a consolidated net profit of Rs 1,713.69 crore for the fourth quarter ended March 31, 2016.

The company had posted a net profit of Rs 889.24 crore for the same period of the previous quarter.

Consolidated total income of the group increased to Rs 7,599.21 crore for the quarter under consideration as against Rs 6,505.04 crore for the corresponding period of 2015.

For the fiscal year ended March 31 the company posted a net profit of Rs 4,715.91 crore. It was Rs 4,539.38 crore for the previous fiscal year.

Consolidated total income of the company stood at Rs 28,728.95 crore for the recently ended fiscal year as against Rs 27,842.84 crore for the year ago fiscal.

The stock closed at Rs 815 in yesterday's trading, down Rs 11.

Monday, May 30, 2016

TATA MOTORS IN TOP GEAR

Tata Motors has posted three-fold rise in its consolidated net profit at Rs 5,177.06 crore for the fourth quarter ended March 31. The company had posted a consolidated net profit of Rs 1,716.5 crore

Net sales of the company rose by 4.56 per cent to Rs 2,72,645.84 crore for the year ended March 31, as compared to Rs 2,60,734.33 crore in the 2014-15 fiscal.

For the year ended March 31, Tata Motors posted a consolidated net profit of Rs 11,023.75 crore, down 21.18 per cent from Rs 13,986.29 crore in 2014-15 fiscal.

Sunday, May 29, 2016

US JUSTICE DEPT SENDS NOTICE TO SUN PHARMA

Sun Pharmaceutical Industries says that its US arm has received a summons from the antitrust division of the US department of justice, requiring it to appear before a grand jury there.

One of the company’s US subsidiaries, Sun Pharmaceutical Industries Inc. has received a grand jury subpoena from the United States Department of Justice , anti-trust division,” the company says in a filing with BSE.

Saturday, May 28, 2016

TODAY'S QUOTE

Reliance on what worked in the past is no longer sufficient - Felicity Menzies

CANARA BANK TOO POSTS LOSS

Canara Bank has posted a net (loss) of Rs. (39054.90) million for the quarter ended March 31, 2016 as compared to net profit of Rs. 6129.60 million for the quarter ended March 31, 2015. 

Total Income has decreased from Rs. 124292.10 million for the quarter ended March 31, 2015 to Rs. 121161.40 million for the quarter ended March 31, 2016.

The Audited Consolidated results for the Year ended March 31, 2016

The Group has posted a net (loss) of Rs. (26070.10) million for the year ended March 31, 2016 as compared to net profit of Rs. 28646.60 million for the year ended March 31, 2015. 

Total Income has increased from Rs. 485468.20 million for the year ended March 31, 2015 to Rs. 491707.50 million for the year ended March 31, 2016.

ASCI RAPS PATANJALI FOR MISLEADING ADS

The Advertising Standards Council of India (ASCI) has rapped yoga guru Ramdev’s Patanjali Ayurved Ltd for “false and misleading” advertisements that also “denigrate” rival products.
The Consumer Complaints Council (CCC) of the ad watchdog, released a statement on the complaints it dealt with in March, finding three of Patanjali’s product advertisements indulging in “ambiguity” and making claims that were described as “gross exaggeration”.
The CCC received 156 complaints against ads during the month, and upheld 90 - including those by Patanjali - under categories such as “education”, “healthcare and personal care”, “food and beverages” and others.
Under the “healthcare and personal care” category, the CCC pulled up the ad for Patanjali Kesh Kanti Natural Hair Cleanser & Oil, describing as “false and misleading by ambiguity” and “gross exaggeration” its claim that “mineral oil is carcinogenic in nature and may cause cancer”.
In the “food and beverages” segment, it found that the ad for ‘Patanjali Kachi Ghani Mustard Oil’ made claims that were “misleading” and “not substantiated”.

Friday, May 27, 2016

SBI POSTS BETTER THAN EXPECTED NUMBERS, STOCK UP


The Audited Standalone results for the Quarter ended March 31, 2016

The Bank has posted a net profit of Rs. 12638.10 million for the quarter ended March 31, 2016 as compared to Rs. 37420.20 million for the quarter ended March 31, 2015. Total Income has increased from Rs. 486164.10 million for the quarter ended March 31, 2015 to Rs. 535269.70 million for the quarter ended March 31, 2016.

The Audited Standalone results for the Year ended March 31, 2016

The Bank has posted a net profit of Rs. 99506.50 million for the year ended March 31, 2016 as compared to Rs. 131015.70 million for the year ended March 31, 2015. Total Income has increased from Rs. 1749729.60 million for the year ended March 31, 2015 to Rs. 1918436.70 million for the year ended March 31, 2016.

The Audited Consolidated results for the Year ended March 31, 2016

The Group has posted a net profit after minority interest of Rs. 122245.90 million for the year ended March 31, 2016 as compared to Rs. 169943.00 million for the year ended March 31, 2015. Total Income has increased from Rs. 2572895.10 million for the year ended March 31, 2015 to Rs. 2728710.30 million for the year ended March 31, 2016.


The stock has gained 1 percent as of now and trading around Rs 186.

YOY : INDICES HAVE GIVEN NEGATIVE RETURN.

YOY benchmark indices have given negative return of 3%. Only 18 NIFTY stocks have given positive return - Zee (41%), Asian Paints (31), Indusind (31),Infy (26), BPCL (25), Grasim (21),Yes bank(19), Hero Motocorp (15),HDFC and Auropharma (14), ITC (13), Ultratech (12), Maruti (11) and RIL and Bajaj Auto 9 percent each.

Biggest losers are - BHEL (48%), Adani (41),ONGC (34), Idea (33),  Hindalco (31), Cipla(29),Coal India (26) and ICICI bANK 22 percent.

Thursday, May 26, 2016

Popular News This Week


 
Weekly News Digest
 

 
 
 
 
 
Subramanian Swamy fires fresh salvo; asks PM Narendra Modi to sack Raghuram Rajan immediately
 
Subramanian Swamy fires fresh salvo; asks PM Narendra Modi to sack Raghuram Rajan immediately
 
 
financialexpress.com ·

FirstChoiceIPO says:
Swamy is a nut. BJP committed a blunder in admitting him to party and then making him RSMP. One day he will say BJP should sack Modi.

L&T's NET UP BY 19%, STOCK SURGES

Larsen & Toubro’s net profit for the quarter ended March rose to  Rs 2,454 crore, up 19 per cent from the Rs 2,070 crore during the corresponding quarter a year before.

For the whole year the company has posted a net profit of Rs. 5311 cr as compared to Rs. 50561.80 million for the year ended March 31, 2015. 

The total Income has increased from Rs. 59300 cr for the year ended March 31, 2015 to Rs. 62186 cr for the year ended March 31, 2016

The stock gained almost 4 percent and closed at Rs 1290 in yesterday's trading.

Wednesday, May 25, 2016

Popular News This Week


 
Weekly News Digest
 

 
 
 
 
 
Government eyes Rs 25 lakh crore infrastructure investments that would create 4 crore�jobs
 
Government eyes Rs 25 lakh crore infrastructure investments that would create 4 crore�jobs
 
 
financialexpress.com ·

FirstChoiceIPO says:
Banks loans to infra and power ruined banks. Similarly it will ruin Modi governemnt. This two sector infested with mostly greedy promoters. They will go to any extent to loot.

Tuesday, May 24, 2016

IPO NEWS : SEBI CLEARS L&T INFOTECH'S IPO

SEBI has cleared the L&T Infotech's IPO. The company intend to offer 17,500,000 equity shares. BRLMs for the IPO  are - Kotak Mahindra Capital Company, Citigroup Global Markets India and ICICI Securities. 

INFY BAGS GERMAN BAK'S ORDER

 Infosys has bagged a five-year contract from Commerzbank, the second largest bank in Germany.

MINT : MODI'S HITS AND MISSES IN THE FIRST 2 YEARS

THE FOLLOWING ARE THE HITS AND MISSES OF MODI GOVERNMENT ACCORDING TO MINT:
The absence of any large-scale corruption scandals is one, although happenings in Madhya Pradesh, Rajasthan and Gujarat have shown that the BJP too is no stranger to corruption scandals. The decline of crony capitalism is a related benefit.
India’s growing global stature is another, although the benefits of these are debatable.
The performance of the petroleum, power, roads and rail ministries is a third.
The focus on large mission-style campaigns—Swachh Bharat, Make in India, Start-up India, Skill India—is a fourth, and, despite all the criticism about their effectiveness, has helped, to the extent that campaigns can (and even if this just means getting the message out).
The willingness to adopt as its own, plans and programmes of the previous regime, including Aadhaar, is a fifth.
The courage to tackle subsidies and issues related to agriculture, both political dynamite, is a sixth.
And Modi’s own very obvious and very evident work ethic is a seventh.
What’s not to like?
The lack of certitude of certain ministries, including finance, especially in key policy issues, is one. The result has been policy flip-flops that put off investors.
The incompetence of certain other ministries, including environment, is another. Despite Modi’s evocative “zero defect, zero effect” slogan, I think we can now look forward to a period of dirty growth.
The free rein given to the BJP’s ideological parent, the Rashtriya Swayamsevak Sangh (RSS), in matters related to education and culture is a third.
The unwillingness to listen to narratives and opinions other than its own— and surely, no one can have all the answers—is a fourth.
The inability to build a working relationship with the opposition, important to get work done in Parliament, is a fifth, although, if the second half of the budget session is any indication, the government is finally getting the hang of things.
Its almost compulsive support of anyone who manages to present his issue as one aligned with the BJP and the RSS’s ideology—and everyone from entrepreneurs to self-styled god-men to film directors has taken advantage of this, and used the government—is a sixth.
And Modi’s own silence on issues he should speak out on, and on which he was only too happy to speak out on before he became Prime Minister, is a seventh.
I’ve left out political adventurism of the sort seen most recently in Uttarakhand (because this is characteristic of any government) and the growing disenchantment of businesspeople (because many are more interested in policies that help them, not truly reformist ones).
In balance, that’s not an entirely unimpressive report card, especially for a man and a government running a country that faces first-generation (water, hygiene, etc.), second-generation (power, infrastructure, industry) and third-generation (technology, privacy, happiness) problems—and all at once.

Monday, May 23, 2016

IPO ANALYSIS: UNITED POLYFAB GUJARAT LIMITED- AVOID



ISSUE DETAILS
ISSUE OPENS / CLOSES ON

25-05/30-05-2016
ISSUE SIZE
17,01,000 equity shares
FACE VALUE
RS 10
PRICE BAND
RS 45

BUSINESS
FABRIC MFRS – COTTON /DENIM

PROMOTERS

GAGAN MITTAL
LISTINGS
NSE SME

BRLMs
CORPORATE STRATEGIC SERVICES
REGISTRAR
SETTLELITE CORP SERVICES
IPO GRADE
NA


Friday, May 20, 2016

Popular News This Week


 
Weekly News Digest
 

 
 
 
 
 
Election results 2016: Will introspect over causes of poll debacle, says Sonia�Gandhi
 
Election results 2016: Will introspect over causes of poll debacle, says Sonia�Gandhi
 
 
financialexpress.com ·

FirstChoiceIPO says:


Pl introspect on the folowing : Dynasty politics, corruption in Congress lead governments, inefficient top level leadership, unable to take quick decision, bad governance when in power, Why did Mamata and Pawar deserted Congress? 2G scam, CWG scam, Coal scam, Augusta scam, Vadra's land dealings, you will find the answers.

FORBES : AMERICA'S TOP 25 UNIVERSITIES


mg_86817_leaderboard_four_280x210.jpg


To compile the ranking of the USA 's best-value colleges, Forbes has  weighed tuition cost against five factors, including graduate earnings and dropout rate. There are some surprises here (the University of Florida and Georgia Tech rank highly), as well as appearances by the expected (Harvard, MIT, Princeton)


BANK EMPLOYEES TO GO ON STRIKE TODAY

AIBEA has given a call for strike today. AIBEA opposes the proposed merger plans of SBI associate banks / other banks merger.

Thursday, May 19, 2016

NSE SHIFTS 10 STOCKS TO TRADE FOR TRADE SEGMENT

NSE has shifted the following 10 stocks to 'T' group wef from 23-05-2016.

Sr. No. Symbol Company Name ISIN Number
1 ACROPETAL Acropetal Technologies Limited INE055L01013
2 HMT HMT Limited INE262A01018
3 KEMROCK Kemrock Industries and Exports Limited INE990B01012
4 LUMAX AUTO Lumax Automotive Systems Limited INE547G01019
5 PARAPRINT Paramount Printpackaging Limited INE702L01010
6 RMMIL Resurgere Mines & Minerals Limited INE774I01031
7 SEZAL Sezal Glass Limited INE955I01036
8 SHRI ASTER Shri Aster Silicates Limited INE900K01012
9 SPECTACLE Spectacle Ventures Limited INE409H01028
10 SURYAJYOTI Suryajyoti Spinning Mills Limited INE411C01017

PNB POSTS WORST EVER LOSS

PNB’s fourth-quarter net loss stood at ₹5,367 crore, the worst ever in  the recent history of PNB.

It had last reported technical losses in the mid-1990s after the takeover of New Bank of India.


For fiscal year 2015-16, PNB reported a net loss of ₹3,690 crore despite its operating profit coming in at ₹13,100 crore. 

For five consecutive years now, PNB has recorded operating profits in excess of ₹10,000 crore.

PNB has  provided ₹11,380 crore towards non-performing assets for the fourth quarter of fiscal year 2016.

HOWEVER THE STOCK GAINED ALMOST 4 PERCENT AND CLOSED AT RS 76.40 IN YESTERDAY'S TRADING.

RIL SEEKS PRICING FREEDOM

RIL which will start production of coal bed methane from its Sohagpur  block in Madhya Pradesh in FY17, has sought marketing and pricing freedom for the commodity.

INDIA TO GROW AT 8 PERCENT : MS, S&P

Rating agency Standard & Poor and brokerage Morgan Stanley sounded positive about India’s economic growth returning to 8%. They opine that structural reforms were key to increasing growth and the Goods and Services Tax should be the next in the “to do list” of the government.

Wednesday, May 18, 2016

IPO LISTING NEWS : PARAG MILK FOODS TO LIST TOMORROW

 Parag Milk Foods IPO shares will be listed on the bourses tomorrow.

The company's Rs 760-crore IPO, which was extended by three days, was oversubscribed 1.83 times on the final day of the offer which ended on May 11.


PURPLEHEALTH.COM RECEIVES VC FUNDING


PurpleHealth.com, has raised seed funding of $100,000 from Mumbai-based private equity firm Katabole Technology Venture. 

The funds would be utilised for product development, marketing activities and expanding the team, said Vikram Nair, co-founder and CEO of PurpleHealth.com, confirming the development.

Founded in 2014, PurpleHealth.com provides access to doctors, hospitals and procedures and health-related products and services.

SBI TO MERGE ITS ASSOCIATE BANKS

SBI has sought permission of the Central government to merge its associate banks  and Bharatiya Mahila bank with itself.

A merger would create a banking behemoth with a balance sheet size of Rs.37 trillion, SBI chairman Arundhati Bhattacharya said. That would be more than five times the Rs.7.2 trillion balance sheet size of India’s second largest lender, ICICI Bank Ltd.

The associates banks in question are -State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore.

Tuesday, May 17, 2016

WARREN BUFFETT'S DISCLOSURE ON APPLE HOLDINGS PUSHES STOCK BY 4 PERCENT

Warren Buffett has revealed that his investment firm has bought a $1bn stake in the technology firm Apple. Berkshire Hathaway disclosed a holding of 9.81 million shares.

Apple's shares have fallen almost 30% over the past year but rose on Monday.

The stock  closed at $93.88 in Monday's trading, up almost 4 percent.

Monday, May 16, 2016

RIL GETS GREEN PANEL NOD

The Centre’s green panel has given its nod to RIL for carrying out eight additional exploratory well drilling to ascertain reservoir capacity and commercial viability of hydrocarbons in the block CY-III-D5 in Bay of Bengal off the coast of Tamil Nadu.

Saturday, May 14, 2016

NVIDIA STOCK GAINS 15% ON GOOD RESULTS

NVIDIA shares were up 15% in yesterday's trading.  The stock closed at $ 40.98.

NVIDIA's sales rose 13% to $1.3 billion as earnings soared 39% to $0.46 per share for the March quarter, while consensus estimates were looking for $1.26 billion of revenue and $0.32 per share of profit. 

The stock is up more than 100% in the last year. 


SUN PHARMA Q4 FY 16 RESULTS ON 30-05-2016

Sun Pharmaceutical Industries Board will meet  on May 30, 2016, interalia, to transact the following business:

- To consider and approve standalone and consolidated Audited Financial Results of the Company for the year ended March 31, 2016.

- To consider recommendation of dividend for the year ended March 31, 2016 subject to the approval of the shareholders at the ensuing Annual General Meeting.

Friday, May 13, 2016

GLENMARK PHARMACEUTICALS POSTS GOOD NUMBERS

Glenmark has posted a net profit of Rs 7201.02 million for the year ended March 31, 2016. Total Income is Rs. 75799.99 million for the year ended March 31, 2016.

LOOT-MAAR IPOs OF 2011




SL NO
NAME OF THE COMPANY

IPO PRICE
(RS)

CMP
(RS)

FIRSTCHOICEIPO
RECOMMENDATIONS
1
MID VALLEY

70

7

AVOID
2
SUDAR GARMENTS

77

3

AVOID
3
ACROPETAL TECH
90
3
INVEST
4
FINEOTEX
225
31
AVOID
5
PARAMOUNT PRINT
35
1
AVOID
6
SERVELAXMI
29
3
AVOID
7
VASWANI IND
49
7
AVOID
8
SANGHVI
85
46
AVOID
9
AANJANEYA LIFE CARE
234
6
AVOID
10
VMS IND
40
18
AVOID
11
TIMBOR HOME
63
2
AVOID
12
BIRLA PACIFIC MEDSPA

10

0.30
AVOID
13
READYMADE GARMENTS
108
--
AVOID
14
BHARATIYA GLOBAL
82
6
AVOID
15
SRS LTD
58
11
AVOID
16
INVENTURE GROWTH
117
17
AVOID
17
RDB RASAYANS
79
20
AVOID
18
TAKSHEEL
150
3
AVOID
19
ONELIFE
110
26
AVOID

FirstChoiceIPO's recommendation was wrong with only one IPO.