Tuesday, May 23, 2017

Taro awaits USFDA approval for 35 ANDAs

Taro Pharmaceuticals  currently has a total of thirty-five ANDAs awaiting FDA approval, including 5 tentative approvals.

Monday, May 22, 2017

DIIs turns aggressive, net buy for Rs 1263 cr

DIIs have turned aggressive and net bought for Rs 1263 cr in cash market, today. FIIs have net sold for Rs 321 cr in the same segment.

IPO ANALYSIS : JALAN TRANSOLUTIONS (INDIA) LIMITED - INVEST



Issue opens / closes on
23-05 / 25-05-2017
Issue size
38,49,000 equity shares
Face Value
Rs 10
Price band
Rs 49
Promoters
Manish Jalan and Mr. Rajesh J
Business
Goods transport / logistics solutions
Registrar
Karvy
Listings
Nse sme
BRLM
Sarthi Capital advisors, Navigant  Corp Advisors

IPO ANALYSIS : Shri Ram Switchgears Limited - Avoid



Issue opens / closes on
25-05 / 30-05-2017
Issue size
26,70,000 equity shares
Face Value
Rs 10
Price band
Rs 19
Promoters
Nilesh Kumar Jhalani,
Rohit Kumar Jhalani and  Devraj Jhal

Business
Mfrs of Transformers / Feeder pillars / distribution boxes
Registrar
BigShare
Listings
Nse sme
BRLM
Sarthi Capital Advisors

IPO ANALYSIS : Vadivarhe speciality Chemicals Limited - Invest



Issue opens / closes on
22-05 / 25-05-2017
Issue size
34,44,000 equity shares
Face Value
Rs 10
Price band
Rs 42
Promoters
Sunil Haripant Pophale
BRLMs
Hem Securities
Registrar
BigShare
Listings
NSE SME
Business
Manufacturers  of  Organic  Chemicals /
Intermediates, Personal Care Products and Speciality  Chemicals

Forthcoming IPO : Dixon Technologies Limited

Issue details:



PROMOTERS
Sunil Vachani
FACE VALUE
Rs 10
ISSUE SIZE
---

BUSINESS
Mfrs of LED tv, cfl bulbs / consumer durables.


LISTINGS
BSE, NSE
BRLMs
Motilal Oswal, IIFL Holdings, IDFC Bank, Yes Securities
REGISTRAR
Karvy


Forthcoming IPO : Shalby Limited

 

Issue details:



PROMOTERS
Dr Vikram Shah / others
FACE VALUE
Rs 10
ISSUE SIZE
Rs 580 cr

BUSINESS
Multi speciality chain hospital


LISTINGS
BSE, NSE
BRLMs
Edelweiss, IIFL Holdings, IDFC Bank
REGISTRAR
Karvy


IPO ANALYSIS : Yug Decor Limited - Avoid


Issue opens / closes on
18-05 / 23-05-2017
Issue size
11,08,000 equity shares
Face Value
Rs 10
Price band
Rs 26
Promoters
S K Saraswat, C Saraswat
BRLMs
Gretex Corporate Services
Registrar
Satellite Corp Services
Listings
BSE SME

FirstChoiceIPO alexa rank

According to Alexa, FirstChoiceIPO's global rank stands at 12,74,358.  The rank has  been improved by almost by 25%, in the last 3 months. 

The rank is calculated using a combination of average daily visitors to this site and page views on this site over the past 3 months.

In india FirstChoice has rank of 85,340.

Bimal jalan says the rich farmers should be taxed

Former RBI Governor Bimal Jalan favoured taxing rich farmers earning above a certain threshold, without hurting the interests of those with small farms.

Talking about the controversial issue of taxing farm income, Jalan noted the importance of agriculture and small farms in the Indian situation.

The question is that supposing one has large farms and one has an income from those farms which  exceeds certain high levels of income, those farmers should be taxed. 

Tesla's India plan may be delayed

Tesla’s entry into India will be delayed according its founder Elon Musk.

“In a tweet he says that maybe I'm misinformed, but I was told that 30 per cent of parts must be locally sourced and the supply doesn't yet exist in India to support that,” Musk said on microblogging platform Twitter, in response to a question on whether the company would release its cars in India in 2017 or 2018.

Nse news : Shifting to Z category

Nse has transferred the following 3 stocks to Z category with effect from May 29, 2017 due to non-compliances of the Reg. 27 (2) of the SEBI (LODR)
Regulations, 2015 for two consecutive quarters i.e. December 31, 2016 and March 31, 2017.

Sr.  Company Name
1 Kernex Microsystems (India) Limited
2 Orbit Corporation Limited
3 Gangotri Textiles Limited

Louis Vuitton is the top luxury brand in the world

Louis Vuitton is the top luxury brand followed by Compagnie Financiere Richemont SA (Cartier, Van Cleef & Arpels, Montblanc, Chloe), and The Estee Lauder Companies Inc (Estee Lauder, M.A.C., Aramis, Clinique, Aveda, Jo Malone.)

LV brand includes Louis Vuitton, Bulgari, Emilio Pucci, DonnaKaran, TAG Heuer.

Three Indian companies — Gitanjali Gems, Titan and PC Jeweller — have been named in the list of top 50 luxury goods firms globally. 

Gitanjali Gems Ltd was placed in the 30th rank, followed by Titan Company (31st) and PC Jeweller (44th) in the fourth annual Global Powers of Luxury Goods report.





Alexa : Google Search gets 15% new searches daily

Alexa, a company that monitors commercial web traffic, lists Google as the most visited website in the world.  Over 1 billion search requests per day are handled by Google. It is done by using over 1 million computers. There are trillions of searches on Google every year. In fact, 15% of searches on Google Search every day are new—which means there’s always a need for constant improvement in the system and algorithms to present users with the best answers to their queries from a wide variety of legitimate sources.

Sunday, May 21, 2017

Nvidia up 36% in 60 days.

This is what we wrote on Nvidia 2 months ago.

Nomura had downgraded one notch in Feb 2017, whereas FirstChoiceIPO had upgraded. 

Thursday, February 23, 2017

Nomura reduces Nvidia target, firstchoiceipo thinks otherwise.
Investment cum broking firm Nomura has  lowered its  recommendation on the Nvidia stock from buy to reduce, a multi-notch downgrade. The Nomura analyst reduced his price target on NVIDIA shares from $100 to $90.

From where the stock is trading during Wednesday's after-hours session, Nomura's new price target represented potential downside of about 17 percent.

FirstChoiceIPO thinks otherwise on Nvidia stock. Nvidia has many launches in FY 17 including GTX 1080 Ti.

Tokyo Institute of Technology has recently announced its plans to create Japan’s fastest AI supercomputer, built on NVIDIA’s accelerated computing platform.

Nvidia in early Jan has launched new Shield with Google Assistant, self-driving car system and cloud gaming service.

 Revenues from these segment will be reflected in second / third quarter of current fiscal.

We have hold recommendations on Nvidia with a medium target of $ 130.

Saturday, May 20, 2017

Suzlon's net at Rs 839 cr

Suzlon for the full year ended 31 March,  has posted a consolidated net profit at Rs 839 crore, while income from operations rose 35 to Rs 12,693 crore.

Suzlon reported a consolidated net profit of Rs 579 crore for the quarter ended 31 March, compared with a consolidated net loss of Rs334 crore a year earlier. 

Consolidated income from operations rose about 55% to Rs4,992.59 crore from Rs 3,219.30 crore.

Friday, May 19, 2017

Indi Grid IPO sails through

Indi Grid IPO managed to get one time subscription on last day. The issue has been subscribed to the extent of 1.35 times.

NSE includes 5 stocks to F&O segment

Nse has included the following 5 stocks to F&O segment wef 26-05-2017.

1 Hindustan Construction Company Limited 
2 Kajaria Ceramics Limited 
3 National Aluminium Company Limited 
4 RBL Bank Limited 
5 The Ramco Cements Limited 

IDBI bank reports huge loss in q4

IDBI Bank has reported a net loss of Rs 3,200 crore for the March 2017 quarter, wider than Rs 1,736 crore loss reported in the same period last year.

 The bank also reported its highest ever gross non-performing asset ratio at 21.25%. Provisions for NPAs stood at Rs 5,333 crore in the March quarter, 29 times more than what it had reported in Q4 FY16 and total provisions were up 40% year-on-year to Rs 6,210 crore.

Nvidia's GT 1030 to cost just $69.99, stock gains 4 percent

Nvidia's new graphics card  GT 1030 has been priced at just $69.99, or just one-tenth of the $699 price tag that the company’s monster GTX 1080 Ti commands. The news was first spotted by VentureBeat.

The goal of the GT1030 is to provide a cheaper, less powerful graphics card for gamers looking to get into competitive play on a budget. As such, it offers relatively weak specs — 2GB of onboard memory, and a core clock speed of 1265 MHz (which can boost to 1518 MHz). But that’s enough to run a wide range of popular e-sport games — including Dota 2, Rocket League, Counter-Strike: Global Offensive, or League of Legends — perfectly well.

Nvidia stock gained 4% and closed at $ 133.07 in today's trade.

New GST rate exempts milk, sweets and food grains

GST Council decided to tax food grains, sweets and milk at zero per cent, as against 5% now; sugar, tea, non-instant coffee and edible oil and life-saving drugs will be taxed at 5% around the same level as now; several fast-moving consumer goods including toilet soaps, tooth paste and hair oil will come under 18% tax, compared with current 22-24% (nominal rate 29%); air conditioners and refrigerators will attract 28% tax (29% nominal rate now, real incidence 2-3 percentage points lower); a slew of industrial intermediates and capital goods will attract GST at 18%, at least 4 percentage points lower than now.

Thursday, May 18, 2017

Zomato faces ransomware attack

Online restaurant guide and food ordering app Zomato today said about 17 million user records have been stolen from its database.

The startup's disclosure comes at a time when the world is grappling with the cyber attack by ransomware 'WannaCry', which has impacted IT networks in over 150 countries.

Zomato said the data theft was discovered recently by its security team, without indicating the exact time or if it was related to the 'WannaCry' ransomware attack.

Bajaj Auto's revenue, net down in FY17

 Bajaj Auto has  posted 13.45 percent drop in net profit for the quarter ended March 31, 2017 

The company's net profit stood at Rs 862 crore for the quarter as against Rs 996 crore posted in the year-ago period.

Stand-alone volumes dipped by nearly 10 percent to 787,627 units during the quarter as against 872,458 units. Despite the fall in volumes the company was able to maintain its EBITDA margin at 21 percent.

Total revenue from operations for the quarter dipped 6.96 percent to Rs 5,212 crore during the reporting quarter as against Rs 5,602 crore posted in the same quarter in the year previous to last year.

 For the full year revenues stood at Rs 24310 cr as against Rs 24957 cr in fy 16.

Net profit dipped to Rs 3827 cr  in the current fiscal as against Rs 3929 cr in fy 16.   

EPS for fy 17 is at  Rs 132 and it was Rs 136 in fy 16.

PSP Projects 17% and Indi Grid IPO gets 10% on day 2

PSP Projects IPO has received 17% subscription and Indi Grid IPO has been subscribed to the extent of 10%, on day 2. Both the IPOs closes tomorrow.

JSW Steel shines March quarter

JSW Steel has reported a higher-than-expected consolidated net profit of Rs 1,009 crore in the March quarter, a three-fold jump from Rs 300 crore in the year-ago period.

Revenues stood at Rs 17,917 crore, up 35 per cent year-on-year, mainly led by higher volumes, increase in value-added product sales and a better geographical mix.

The stock closed at Rs 207, up Rs 5 in yesterday's trading.

Edelweiss Financial Services report healthy numbers, stock down 6%

Edelweiss Financial Services posted a 40 per cent rise in net profit at Rs 170 crore in the fourth quarter ended March 2017, up from Rs 122 crore in Q4 of previous year.

The net profit in FY17 rose by 47 per cent to Rs 609 crore from Rs 414 crore in FY16. The company's board recommended 30 per cent dividend per share of rupee one each for 2016-17.

Its total credit book stood at Rs 27,608 crore at the FY17-end. Out of which, retail credit stood at Rs 8,952 crore, up by 46 per cent from Rs 6,031 cr at the end of FY16.

The stock closed at Rs 179, down 6% in yesterday's trading.

Bajaj Finance net at Rs 449 cr, stock reacts negatively

Bajaj Finance, reported a 43 per cent rise in profit after tax at Rs 449 crore in the quarter from Rs 315 crore in the same period last year, due to healthy loan growth.

For the full year the company has reported a revenue of Rs 9977 cr and net profit of Rs 1837 cr. In fy 16 the net profit stood at Rs 1279 cr.

 EPS for the FY 17 stood at Rs 34, as compared to Rs 24 in the previous year.

The stock closed at Rs 1323, down Rs 22 in yesterday's trading.

Lackluster numbers from Bajaj Finserv in q4

One of the most fancied and overvalued stock on the Indian bourses Bajaj Finserv has reported lackluster numbers for March quarter.  The growth of 3 per cent in its consolidated net profit at Rs 535 crore in the quarter ended March 31 as against Rs 518 crore in the year-ago period.

For the full year the net profit stood at Rs 2262 cr as compared to Rs 1863 cr in fy 16.

EPS for fy comes to Rs 142, as against Rs 117 in fy 16.

The rupees 5 face value stock is trading around Rs 4500, at 545 PE.

FIIs net sell for RS 731 cr

FIIs have net sold for Rs 731 cr in cash market, where as DIIs have net bought for Rs 615 cr in the same segment.

Indi Grid Trust IPO gets 7%, PSP 11% subscription on day 1,

India Grid Trust IPO has received 7% subscription on day 1. Whereas PSP Projects has received 11 percent subscription. Both the IPOs closes for subscription tomorrow.

QUOTE OF THE DAY


Consensus does not always work in a crisis. One must have the courage to move forward.  

Safra Catz,  Co-CEO of Oracle

US markets in jittery, Nvidia down 6 percent

US stock markets were set for their worst day in months over fears political controversy surrounding President Trump will blunt his ability to deliver tax and regulatory reform.

The S&P 500 was 1.8% off at 2,357 points, its biggest one-day fall since September.

The Dow Jones fell 1.8% to 20,609, and tech-heavy Nasdaq.

Nvidia, which had a dream run in the last 5 trading sessions, retracted in today's trade and closed at $ 127.72, down 6.64 percent.

HUL posts good numbers in q4, Patanjali no threat

HUL has reported a 6.2 per cent increase in net profit compared to the corresponding quarter of the previous year.

The fourth-quarter net profit come in at Rs 1,183 crore, ahead of Street estimates, - Rs 1,085 crore.

Fourth-quarter net sales stood at Rs 8,100 crore, a year-on-year increase of 6.8 percent.

The aggressive entry of Patanjali to FMCG segment had no impact on HUL's revenues. 

Wednesday, May 17, 2017

IPO ANALYSIS : India Grid InvIT - AVOID




Issue opens / closes on
17-05 / 19-05-2017
Issue size
Rs 2250 cr
Face Value
Rs 10
Price band
Rs 98-100
Promoters
Sterlite Power Grid Ventures and Sterlite Investment Managers
BRLMs
Edelweiss Financial Services Limited, Morgan Stanley India Company Private Limited and Citigroup Global Markets India Private Limited
Registrar
Karvy
Listings
Nse, Bse

Risk Factors:

1.The enterprise reported  a loss of Rs 301 cr, on a revenue of Rs 428 cr, for FY 17, the losses in FY 15 and 16 were Rs 48 cr and RS 78 cr.

2. Huge debt.

3. New kind of instrument, not for retail investors.

Avoid the IPO.