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Sunday, July 31, 2016
Popular News This Week
APPLE's iPHONE 7 WILL BE RELEASED ON SEPT 16TH
Apple will start pre-orders for the iPhone 7 from September 9th, with a subsequent release date of September 16th, according to sources.
QUOTE OF THE DAY
One can never truly enjoy success if one has never had to struggle. Shelby Gogulski
DILIP BUILDCON ROPES IN ANCHOR INVESTORS, STAY AWAY FROM THE IPO
IPO bound Dilip Buildcon has allotted 89.585 lakh shares at ₹219 apiece to 10 anchor investors.
Among others, the anchor investors include SmallCap World Fund, American Funds Insurance Series, Abu Dhabi Investment Authority, Nomura Singapore, Grandeur Peak Emerging Markets, DB International (Asia), HDFC Trustees Company and IDFC Infrastructure Fund.
The IPO in the price band of Rs 214-219, opens tomorrow.
Among others, the anchor investors include SmallCap World Fund, American Funds Insurance Series, Abu Dhabi Investment Authority, Nomura Singapore, Grandeur Peak Emerging Markets, DB International (Asia), HDFC Trustees Company and IDFC Infrastructure Fund.
The IPO in the price band of Rs 214-219, opens tomorrow.
Friday, July 29, 2016
IPO LISTING NEWS : Advanced Enzyme Technologies Limited
Advanced Enzyme Technologies Limited shares will be listed on the exchanges from 01-08-2016.
L&T POSTS GOOD NUMBERS IN Q1
Larsen and Toubro for June quarter has posted a consolidated net profit Rs.610 crore, 46% more than what it earned a year ago.
Consolidated gross revenue rose 9.1% from a year ago to Rs.21,874 crore. The in revenue and fall in finance costs in the June quarter aided the rise in profits.
Consolidated gross revenue rose 9.1% from a year ago to Rs.21,874 crore. The in revenue and fall in finance costs in the June quarter aided the rise in profits.
ICICI BANK REPORTS RS 2516 CR NET
ICICI bank has posted a net profit of Rs. 2516 cr for the quarter ended June 30, 2016 as compared to Rs. 3232 cr for the quarter ended June 30, 2015.
The total income has increased from Rs. 22456 cr for the quarter ended June 30, 2015 to Rs. 24483 cr for the quarter ended June 30, 2016.
Bank's NIM for the quarter stood at 16.75%.
Results were announced after closure hours of the exchanges. The stock closed at Rs 263 in today's trading.
The total income has increased from Rs. 22456 cr for the quarter ended June 30, 2015 to Rs. 24483 cr for the quarter ended June 30, 2016.
Bank's NIM for the quarter stood at 16.75%.
Results were announced after closure hours of the exchanges. The stock closed at Rs 263 in today's trading.
SUN PHARMA TIES UP WITH SPANISH FIRM
Sun Pharmaceuticals has entered into $50 million licensing agreement with Spanish firm Almirall for the development and commercialisation of tildrakizumab for psoriasis in Europe
IPO ANALYSIS: S P APPARELS LIMITED - AVOID
ISSUE DETAILS
|
ISSUE OPENS / CLOSES
ON
|
02-088
/ 04-08-2016
|
|
ISSUE SIZE
|
215 cr
|
|
PRICE BAND
|
RS 258 -268
|
|
FACE VALUE
|
RS 10
|
|
BUSINESS
|
Manufacturer and
exporter of knitted garments for infants and children
|
|
PROMOTERS
|
P.SUNDARARAJAN
AND MRS. S. LATHA
|
|
LISTINGS
|
NSE, BSE
|
|
BRLMs
|
MOTILAL OSWAL, CENTRUM
CAPITAL
|
|
REGISTRAR
|
LINK INTIME
|
|
IPO GRADE
|
NA
|
AWAIT DETAILED ANALYSIS.
Thursday, July 28, 2016
CENTER APPROVES HIKE IN FII LIMIT FOR EXCHANGES
Center has approved raising the foreign shareholding limit in Indian Stock Exchanges from the current 5% to 15%.
Additionally, the Center has also gave its nod for foreign portfolio investors to acquire shares through initial allotment, besides secondary market, in the stock exchanges.
Additionally, the Center has also gave its nod for foreign portfolio investors to acquire shares through initial allotment, besides secondary market, in the stock exchanges.
Wednesday, July 27, 2016
HUL, TATA MOTORS, HDFC AND KOTAK BANK DROPPED FROM FORBES INDIA'S SUPER 50
Forbes India's super 50 latest list includes software majors TCS and Infosys, pharma giants Sun Pharma and Lupin and private sector lenders HDFC Bank and Axis Bank. While biggies like Tata Motors, MRF, HDFC, Kotak Mahindra Bank and HUL are, among others, who have been dropped.
The list, in its second year, also features 14 newcomers, including Maruti Suzuki, Bharat Forge, Alembic Pharma, Gillette India, HDFC Bank, Bajaj Finance, Kansai Nerolac and LIC Housing Finance, among others.
The list, in its second year, also features 14 newcomers, including Maruti Suzuki, Bharat Forge, Alembic Pharma, Gillette India, HDFC Bank, Bajaj Finance, Kansai Nerolac and LIC Housing Finance, among others.
IPO NEWS : SP APPARELS FIXES PRICE BAND, AVOID THE IPO
SP Apparels IPO opens on 2nd Aug, 2016. The company has fixed the price band in the range of Rs 258-268.
Tuesday, July 26, 2016
MARUTI POSTS RS 1486 CR NET
Maruti Suzuki has posted a net profit of Rs. 1486 cr for the quarter ended June 30, 2016 as compared to Rs. 1208 cr for the quarter ended June 30, 2015.
The total income has increased from Rs. 13583 cr for the quarter ended June 30, 2015 to Rs. 15410 cr for the quarter ended June 30, 2016.
The stock reacted negatively for the above figures and closed at Rs 4470, down Rs 80 in today's trading.
The total income has increased from Rs. 13583 cr for the quarter ended June 30, 2015 to Rs. 15410 cr for the quarter ended June 30, 2016.
The stock reacted negatively for the above figures and closed at Rs 4470, down Rs 80 in today's trading.
HDFC BANK WILL REPLACE RIL AS SECOND MOST VALUED COMPANY
HDFC Bank has total market cap of Rs 3.16 lac cr as on 25-07-2016 as against RIL's Rs 3.30 lac cr.
HDFC Bank is likely to overtake RIL in the coming days and will become second most valued company on the Indian bourses after TCS. TCS's market cap stands at Rs 5lac crore plus.
In yesterday's trading HDFC closed at Rs 1246, RIL Rs 1018 and TCS at Rs 2551.
HDFC Bank is likely to overtake RIL in the coming days and will become second most valued company on the Indian bourses after TCS. TCS's market cap stands at Rs 5lac crore plus.
In yesterday's trading HDFC closed at Rs 1246, RIL Rs 1018 and TCS at Rs 2551.
IDBI BANK TO RAISE RS 8000 CR THROUGH QIP
IDBI Bank has got shareholders approval to raise up to Rs 28,000 crore from a mix of equity and bonds. At the annual general meeting of the bank held last week they approved an enabling resolution for issue of shares aggregating up to Rs 8,000 crore inclusive of premium amount through various modes including Qualified Institutional Placement.
VERIZON BUYS YAHOO AT 4% OF ITS PEAK VALUATION
US internet firm Yahoo is being acquired by American telecoms giant Verizon Communications for nearly $5bn in cash.
The price tag for the deal is well below the $44bn Microsoft offered for Yahoo in 2008 or the $125bn it was worth during the dot.com boom.
It is just 4% of its Yahoo's peak valuation of $ 125 billions.
The price tag for the deal is well below the $44bn Microsoft offered for Yahoo in 2008 or the $125bn it was worth during the dot.com boom.
It is just 4% of its Yahoo's peak valuation of $ 125 billions.
RBI FINES HDFC BANK, BOB AND PNB
RBI has imposed a penalty of Rs 2 crore on HDFC Bank for lapses in adhering to Know Your Customer norms.
The RBI has also slapped a fine of Rs 5 crore on BoB over Rs 6,000-crore scandal exposed last year, and Rs 3 crore on Punjab National Bank.
The RBI has also slapped a fine of Rs 5 crore on BoB over Rs 6,000-crore scandal exposed last year, and Rs 3 crore on Punjab National Bank.
IPO ANALYSIS: PRABHAT TELECOMS (INDIA) LIMITED - AVOID
ISSUE DETAILS
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ISSUE OPENS / CLOSES ON
|
22-07 / 26-07-2016
|
|
ISSUE SIZE
|
22,00,000 EQUITY SHARES
|
|
PRICE BAND
|
RS 51
|
|
FACE VALUE
|
RS 10
|
|
BUSINESS
|
Import
and distribution of mobile handsets, wireless dongles / data-cards, data
products and mobile / telecom accessories
|
|
PROMOTERS
|
VISHWAMANI
TIWARI
|
|
LISTINGS
|
BSE SME
|
|
BRLMs
|
NAVIGANT
CORPORATE ADVISORS LIMITED
|
|
|
CAMEO
CORPORATE SERVICES LIMITED
|
|
REGISTRAR
|
|
|
IPO GRADE
|
NA
|
CANARA BANK POSTS RS 229 CR NET
Canara Bank ha posted a net profit of Rs. 229 cr for quarter ended June 30, 2016 as compared to Rs. 479 cr for the quarter ended June 30, 2015.
The total income has decreased from Rs. 12252 cr for the quarter ended June 30, 2015 to Rs. 11786 cr for the quarter ended June 30, 2016.
The stock closed at Rs 254, up Rs 13 in yesterday's trading.
The total income has decreased from Rs. 12252 cr for the quarter ended June 30, 2015 to Rs. 11786 cr for the quarter ended June 30, 2016.
The stock closed at Rs 254, up Rs 13 in yesterday's trading.
Monday, July 25, 2016
IPO ANALYSIS: DILIP BUILDCON LIMITED - AVOID
ISSUE DETAILS
ISSUE OPENS /
CLOSES ON
|
01-08 /
03-08-2016
|
ISSUE SIZE / OFS
|
RS
|
FACE VALUE
|
RS 10
|
PRICE BAND
|
RS 214- 219
|
BUSINESS
|
EPC / INFRA DEVELOPERS
|
PROMOTERS
|
DILIP SURYAVANSHI
|
LISTINGS
|
|
BRLMs
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IIFL, JM
FINANCIALS, AXIS CAPITAL. PNB INVESTMENTS
|
REGISTRAR
|
|
IPO GRADE
|
NA
|
BUSINESS:
The company operates in two primary business verticals - construction of roads, irrigation & urban development projects which contributed 93 percent to FY16 revenue and infrastructure development on a BOT basis which accounted for balance of the revenue.
For the five Financial Years ended March 31, 2016, the completed 36 EPC projects and 11 BOT projects.
The company operates in two primary business verticals - construction of roads, irrigation & urban development projects which contributed 93 percent to FY16 revenue and infrastructure development on a BOT basis which accounted for balance of the revenue.
For the five Financial Years ended March 31, 2016, the completed 36 EPC projects and 11 BOT projects.
The company achieved a CAGR of
38% of revenue growth on a consolidated basis for the five-year period ended
March 31, 2016. The company has order book in excess of Rs 10,000
cr as of March 31, 2016.
.
THE OFFER:
The issue comprised of fresh issue of Rs 430 crore and an offer for sale of 1.02 crore shares by promoters Dilip Suryavanshi & Devendra Jain and investor Banyantree Growth Capital LLC.
THE OFFER:
The issue comprised of fresh issue of Rs 430 crore and an offer for sale of 1.02 crore shares by promoters Dilip Suryavanshi & Devendra Jain and investor Banyantree Growth Capital LLC.
FINANCIALS: (RS IN CRORES)
31-03-2014
|
31-03-2015
|
31-03-2016
|
|
CAPITAL
|
59.23
|
117.13
|
117.13
|
REVENUES
|
2401
|
2768
|
4349
|
NET PROFIT
|
186
|
87
|
197
|
EPS
|
17.56
|
8.19
|
16.79
|
RISKS
1.Company and certain of Promoters have been subject to search and seizure
operations
conducted by the Indian income tax authorities.
2.
As
on last fiscal the amount of total consolidated borrowings was Rs 3639 cr.
3. Business is capital intensive.
4.
Business is relatively concentrated in the state of Madhya Pradesh.
5. Pledge a portion of shares in certain
of the subsidiaries in favour of lenders.
6. Not so professionally managed.
7. Rs 203 cr of the IPO amount will go for
debt repayment.
VALUATION AND RECOMMENDATIONS:
EPC,
Infra / construction shares are not fancied in the stock market. Investors have burnt their fingers in
investing this kind of IPOs in the past. The value destroyers in the segment
include J Kumar Infra, KNR Construction, MBL Infra, IL&FS Transportation,
Ashoka Buildcon, IRB Infra and PNC Infratech.
The
company is not so professionally managed. Most of the IPO money will go to
paring the debt. Pricing is also not attractive.
AVOID
THE IPO.
HSBC RECOMMENDS BUYING HUL
HSBC has recommended buying HUL with a target price of Rs975, up from earlier target of Rs950. HSBC says that Q1 earnings in line with estimate. Q1 revenue/Ebitda/Clean PAT grew by c4%/ 8%/6%. The phase-out of excise benefits negatively impacted the top line (-40bp) and PBIT margin (-15bp), which will diminish in FY17.
Volume growth of 4% y-o-y reflects deterioration in rural demand and pending urban recovery. Homecare was strong, registering volume-led sales growth of c7% y-o-y, while premiumisation helped in 180bp margin expansion, leading to c23% earnings growth.
Volume growth of 4% y-o-y reflects deterioration in rural demand and pending urban recovery. Homecare was strong, registering volume-led sales growth of c7% y-o-y, while premiumisation helped in 180bp margin expansion, leading to c23% earnings growth.
Sunday, July 24, 2016
EQUITAS DEBT GETS A+ RATINGS FROM CARE
Rating agency CARE has given A+ ratings on Equitas Microfinance's long-term bank facilities aggregating Rs. 1,000 crore and short-term debt instruments aggregating Rs. 327.50 crore. Earlier these instruments carried A ratings.
The rating subordinated debt issue too has been revised to ‘A+’ from ‘A-’.
Friday, July 22, 2016
FORTHCOMING IPO: S.P. APPARELS LIMITED
ISSUE DETAILS
|
|
|
|
ISSUE SIZE
|
215 cr
|
|
PRICE BAND
|
--
|
|
FACE VALUE
|
RS 10
|
|
BUSINESS
|
Manufacturer
and exporter of knitted garments for infants and children
|
|
PROMOTERS
|
P.SUNDARARAJAN AND MRS. S. LATHA
|
|
LISTINGS
|
NSE, BSE
|
|
BRLMs
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MOTILAL OSWAL, CENTRUM CAPITAL
|
|
|
|
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REGISTRAR
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LINK INTIME
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|
IPO GRADE
|
NA
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ADVANCED ENZYME IPO SUBSCRIBED 116 TIMES
Advanced Enzyme IPO which closed for subscription today has been subscribed by 116 times.
BHARAT FINANCIAL STOCK DESPITE GOOD SHOW IN Q1
Bharat Financial Inclusion ( earlier known as SKS Micro) has posted a profit after tax of Rs. 236 cr for the quarter ended June 30, 2016 as compared to Rs. 61 cr for the quarter ended June 30, 2015.
The total income has increased from Rs. 282 cr for the quarter ended June 30, 2015 to Rs. 414 cr for the quarter ended June 30, 2016.
Despite good number the stock closed at Rs 764, down Rs 18.
The total income has increased from Rs. 282 cr for the quarter ended June 30, 2015 to Rs. 414 cr for the quarter ended June 30, 2016.
Despite good number the stock closed at Rs 764, down Rs 18.
SUZLON ENERGY BAGS ORDER FROM MADHYA PRADESH
Suzlon Energy has bagged a repeat turnkey order from an independent power producer for setting up a 58.80-MW capacity wind power project in Madhya Pradesh.
The project comprises 28 units of hybrid towers with rated capacity of 2.1 MW each and is expected to be completed by March. As part of the order, Suzlon Energy will offer wind turbine supply, construction, and maintenance services for the project over a period of 12 years.
FORTUNE 500 COMPANIES - RAJESH EXPORTS MAKES DEBUT
Walmart has retained the top ranking in the latest Fortune 500 list.
Seven Indian companies have made it to the latest Fortune 500 list of the world’s biggest corporations in terms of revenue.
New entry is jewellery major Rajesh Exports at 423rd position, ONGC has moved out of the rankings for 2016.
Among the seven Indian companies, four are from the public sector while Reliance Industries is the top-ranked among private sector firms, followed by Tata Motors and Rajesh Exports.
Among state-run majors, Indian Oil is followed by banking behemoth SBI, Bharat Petroleum and Hindustan Petroleum.
TOP TEN COMPANIES OF THE WORLD
Seven Indian companies have made it to the latest Fortune 500 list of the world’s biggest corporations in terms of revenue.
New entry is jewellery major Rajesh Exports at 423rd position, ONGC has moved out of the rankings for 2016.
Among the seven Indian companies, four are from the public sector while Reliance Industries is the top-ranked among private sector firms, followed by Tata Motors and Rajesh Exports.
Among state-run majors, Indian Oil is followed by banking behemoth SBI, Bharat Petroleum and Hindustan Petroleum.
TOP TEN COMPANIES OF THE WORLD
Walmart
State Grid
China National Petroleum
Sinopec Group
Royal Dutch Shell
Exxon Mobil
Volkswagen
Toyota Motor
Apple
BP
HINDALCO's PROFIT NOSE DIVES
Hindalco has reported a steep 95% decline in its consolidated net profit at Rs 45 crore for the June quarter.
The Aditya Birla Group had clocked a net profit of Rs 854 crore in the year-ago period.
Total consolidated income of the company also declined by 4%, to Rs 1,00,042.16 crore in the April-June quarter this fiscal from Rs 1,04,281.10 crore during the same period of 2015-16.
The total expenses of the company were, however, lower at Rs 95,537.82 crore against Rs 98,927.09 crore in the year-ago quarter.
The stock closed at Rs 133, down Rs 2 in yesterday's trading. The stock is the star performer in the last one year among the NIFTY stock having gained 24%, where as the bench mark indices have appreciated by just 2%. In the last 30 days the stock has gained 11 percent.
The Aditya Birla Group had clocked a net profit of Rs 854 crore in the year-ago period.
Total consolidated income of the company also declined by 4%, to Rs 1,00,042.16 crore in the April-June quarter this fiscal from Rs 1,04,281.10 crore during the same period of 2015-16.
The total expenses of the company were, however, lower at Rs 95,537.82 crore against Rs 98,927.09 crore in the year-ago quarter.
The stock closed at Rs 133, down Rs 2 in yesterday's trading. The stock is the star performer in the last one year among the NIFTY stock having gained 24%, where as the bench mark indices have appreciated by just 2%. In the last 30 days the stock has gained 11 percent.
Thursday, July 21, 2016
HDFC BANK REPORTS 20% INCREASE IN NET
HDFC Bank has reported a 20.15 per cent increase in net profit to Rs 3,238.91 crore for the quarter ended June 30. The bank had earned a profit of Rs 2,695.72 crore in the April-June quarter last fiscal.
The total income rose to Rs 19,322.63 crore during the quarter under review, up 17.08 as against Rs 16,502.97 crore in the same period last year.
The stock closed flat at Rs 1230 in today's trading.
The total income rose to Rs 19,322.63 crore during the quarter under review, up 17.08 as against Rs 16,502.97 crore in the same period last year.
The stock closed flat at Rs 1230 in today's trading.
ADVANCED ENZYME IPO SUBSCRIBED 4 TIMES ON DAY 2
Advanced Enzyme IPO has received 4 times subscription on day 2. The IPO closes tomorrow.
Wednesday, July 20, 2016
HPCL BOARD APPROVES 2 :1 BONUS SHARES
Hindustan Petroleum Corporation's board has considered and recommended Increase in Authorised Share Capital to Rs.2500 crores and further recommended Capitalisation of Reserves and issue of Fully paid bonus shares in the ratio of 2 (two) Bonus Equity Share of Rs. 10 each for every 1 (one) existing equity share of Rs. 10 each.
NASSCOM STICKS TO 12 PERCENT GROWTH
Nasscom says it sees no reason to cut industry’s full year growth forecast of 10-12 per cent for FY17.
Nasscom President R Chandrashekhar says that from an industry standpoint, the growth continues to be uniformly distributed and there is no reduction in demand for IT services.
Nasscom President R Chandrashekhar says that from an industry standpoint, the growth continues to be uniformly distributed and there is no reduction in demand for IT services.
SUN PHARMA GETS USFDA APPROVAL
Sun Pharma has received final approval from the US health regulator USFDA for rosuvastatin calcium tablets, used in lowering cholesterol.
The company in a filing with stock exchanges says that one of its subsidiaries has received final approval from USFDA for its Abbreviated New Drug Application (ANDA) for generic version of Crestor, Rosuvastatin Calcium tablets.
The stock closed at Rs 798 in today's trading up Rs 15.
FORTHCOMING IPO: L&T TECHNOLOGY SERVICES LIMITED
ISSUE DETAILS
|
|
|
|
ISSUE SIZE
|
1.04 cr shares
|
|
PRICE BAND
|
--
|
|
FACE VALUE
|
RS 2
|
|
BUSINESS
|
ER&D
services ( which is defined as the set of services provided to manufacturing,
technology and process engineering companies, to help them develop and build
products, processes and infrastructure required to deliver products and
services to their end customers)
|
|
PROMOTERS
|
LARSEN & TOUBRO LIMITED
|
|
LISTINGS
|
NSE, BSE
|
|
BRLMs
|
KOTAK, JM Financials, DSP MERRILL LYNCH, SBI
CAPS
|
|
|
|
|
REGISTRAR
|
KARVY
|
|
IPO GRADE
|
NA
|
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