• HDFC to raise Rs5,000 crore via quasi-debt issue
HDFC to raise Rs5,000 crore via quasi-debt issue, to offer NCDs, warrants to FIs simultaneously – positive read thru for HDFC .HDFC is likely to raise roughly Rs5,000 crore through a structured quasi-debt offer to domestic institutions soon. The company is likely to simultaneously issue non-convertible debentures ( NCDs) and warrants to investors that could help it raise funds at a cheaper cost and would be launched in the next couple of weeks. We have buy rating on HDFC Ltd.
HDFC to raise Rs5,000 crore via quasi-debt issue, to offer NCDs, warrants to FIs simultaneously – positive read thru for HDFC .HDFC is likely to raise roughly Rs5,000 crore through a structured quasi-debt offer to domestic institutions soon. The company is likely to simultaneously issue non-convertible debentures ( NCDs) and warrants to investors that could help it raise funds at a cheaper cost and would be launched in the next couple of weeks. We have buy rating on HDFC Ltd.
• Bharti Airtel rises as Q1FY16 posts good India performance
Shares of Bharti Airtel gained over 2% to Rs 421.80 on NSE as Q1FY16 posts good India performance; data drives the growth .The consolidated topline grew at 2.8% on a qoq basis, with strong growth from the India mobile business, that grew on the back of strong growth in the data business. The data ARPU’s increased, while the blended ARPU’s remained flat at Rs 198 on a yoy basis.
Shares of Bharti Airtel gained over 2% to Rs 421.80 on NSE as Q1FY16 posts good India performance; data drives the growth .The consolidated topline grew at 2.8% on a qoq basis, with strong growth from the India mobile business, that grew on the back of strong growth in the data business. The data ARPU’s increased, while the blended ARPU’s remained flat at Rs 198 on a yoy basis.
• Emami consolidated Q1 net profit Rs88 crore
Emami Ltd announced the following Unaudited results for the quarter ended June 30, 2015. Standalone :Net profit at Rs86.81 crore vs Rs65.76 crore (YoY) .Total Income at Rs560.11 crore vs Rs464.38 crore (YoY) Consolidated : Net profit at Rs87.75 crore vs Rs70.81 crore (YoY) .Total Income at Rs608.36 crore vs Rs504.06 crore (YoY).
Emami Ltd announced the following Unaudited results for the quarter ended June 30, 2015. Standalone :Net profit at Rs86.81 crore vs Rs65.76 crore (YoY) .Total Income at Rs560.11 crore vs Rs464.38 crore (YoY) Consolidated : Net profit at Rs87.75 crore vs Rs70.81 crore (YoY) .Total Income at Rs608.36 crore vs Rs504.06 crore (YoY).
• Alstom T&D India bags new orders worth Rs231.7 crore
Alstom T&D India has bagged new orders worth Rs231.7 crore from Power Grid Corporation to supply transformers and shunt reactors for 765/400kV substation situated at Agra in Uttar Pradesh and spare units of 765kV transformers and reactors as part of Eastern and Southern Region Strengthening Schemes. – Positive for Alstom T&D (News came during market time).
Alstom T&D India has bagged new orders worth Rs231.7 crore from Power Grid Corporation to supply transformers and shunt reactors for 765/400kV substation situated at Agra in Uttar Pradesh and spare units of 765kV transformers and reactors as part of Eastern and Southern Region Strengthening Schemes. – Positive for Alstom T&D (News came during market time).
• Nestle spurts after Maggi found safe by FSSAI lab
Shares of Nestle India surged 7% to Rs6760 on the NSE after country’s favourite snack Maggi noodles was found safe by govt-approved laboratory – positive read through for the Nestle .The FSSAI-approved laboratory of Central Food Technological Research Institutue (CFTRI) has found Maggi noodles to be in compliance with the country’s food safety standards.
Shares of Nestle India surged 7% to Rs6760 on the NSE after country’s favourite snack Maggi noodles was found safe by govt-approved laboratory – positive read through for the Nestle .The FSSAI-approved laboratory of Central Food Technological Research Institutue (CFTRI) has found Maggi noodles to be in compliance with the country’s food safety standards.
• Britannia focus on capacity expansion to reduce cost
Britannia: new launches and increase in distribution reach to drive revenue growth; focus on capacity expansion to reduce distribution cost and improving operating efficiencies .Britannia is planning to do a capex of Rs500crore to further expand the capacity (from current levels of 8,00,000 tonne). The expansion of capacity is aimed at reducing the distribution cost and increase the production through in-house facility.
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Britannia: new launches and increase in distribution reach to drive revenue growth; focus on capacity expansion to reduce distribution cost and improving operating efficiencies .Britannia is planning to do a capex of Rs500crore to further expand the capacity (from current levels of 8,00,000 tonne). The expansion of capacity is aimed at reducing the distribution cost and increase the production through in-house facility.
Get real time advice for intraday stock cash tips , Share Market live , Stock Cash Premium Tips , Intraday Trading Tips , Stock Trading tips , Equity Market Tips and all market updates. For 2 Days Free Trial ,Please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900 .
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