Bet on these top 3 stocks which are likely to benefit the most from GST

Here is the list of stocks that are likely to benefit from GST reforms:

Titan Company

Recently, Rakesh Jhunjhunwala reduced his stake in Titan Company to 6.54 crore shares, or 7.37 percent stake, from 7.79 crore shares, or 8.78 percent stake, as of May 21, 2018. Post this announcement, stock rallied as most of the selling pressure had already been absorbed by the market.

We remain bullish on the stock. Management remained confident about the jewellery segment's growth by giving guidance of 20 percent CAGR over FY18-23.

New products will also play a big part in driving this growth. Proportion of new products has increased consistently every year to 30 percent of sales as of FY18 and is likely to cross the 50-percent mark by FY23.

We are recommending a Buy, looking at growth prospects of the company.

NCC

NCC has consistently focused on execution, which is backed by strong order backlog which makes it one of the best stocks in the infrastructure basket.

If you look at the Q4FY18 numbers, it has delivered a robust performance with its revenue and EBITDA growing by 12 percent YoY and 75 percent YoY respectively, which led to EBITDA margin expansion to 12.7 percent during the quarter.

We believe NCC will ramp up its orders in FY19 quite aggressively, which will lead to pick up in execution and better mobilisation of resources which will led to profit and margins expansion aided by better topline growth.

NCC has 4x of order book compared to FY18 topline. Looking at the massive pile up of domestic orders, NCC is looking to shut down its international operations over the next 6-12 months.

This is quite a positive step as it will allow NCC to consolidate its position in the market. We are recommending a Buy.

Radico Khaitan

Radico Khaitan is one of the largest players in the Indian liquor industry. It became the first company to conceptualise the innovative idea of offering scotch blended whisky and the first company to position 8-PM as India's premium whisky.

With improving demand scenario for liquor and execution on track, it has witnessed rise in volume growth, margin expansion and free cash flow generation.

Uttar Pradesh is an important market for Radico Khaitan, where the new government introduced ‘go-to-market’ distribution model. This is positive for strong brands, including Radico Khaitan.

Demand is recovering in both premium and regular segments. It is guiding for 10 percent volume growth in premium and 4 percent in regular segment.

Margins should expand due to improving product mix and benign raw material prices. We are recommending a Buy.

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Nifty closes Day 1 of July series above 10,700, Sensex zooms 386 points on global cues

Closing Bell: Nifty closes Day 1 of July series above 10,700, Sensex zooms 386 points on global cues

The 30-share BSE Sensex rallied 305.42 points or 0.87 percent to 35,343.06 and the 50-share NSE Nifty rose 96.80 points or 0.91 percent to 10,685.90. About three shares advanced for every share falling on the BSE.

The Nifty Midcap continued to trade higher by more than a percent.

The 50-share NSE Nifty reclaimed 10,700 levels, rising 116.30 points or 1.10 percent to 10,705.40 while all sectoral indices traded in the green.

The Nifty Midcap index rose 1.6 percent. About 1,721 shares advanced against 715 declining shares on the BSE.

HEADLINES OF THE DAY

NTPC has acquired 27.36 percent equity of Bihar State Power Generation Co (BSPGCL) in Kanti Bijlee Utpadan Nigam (KBUN) which owns 610 MW Muzaffarpur Thermal Power Station and 50 percent equity of BSPGCL in Nabinagar Power Generating Company (NPGC) which is developing 1980 MW Nabinagar Super Thermal Power Project in district Aurangabad, Bihar.

Shares of IDBI Bank gained 12 percent as company clarified about LIC planning to inject Rs 13,000 crore in the company.

Shares of Mangalore Refinery and Petrochemicals (MRPL) added 4 percent ahead of board meeting to consider preferential issue of shares.

Cyient Solutions & Systems, a subsidiary of Cyient has been granted Industrial License for the manufacture, assembly, integration, testing, maintenance, repair and overhaul of unmanned aerial systems, PODS, control systems, power plants, accessories and parts thereof formilitary use, by the DIPP, Ministry of Commerce & Industry.

The crucial resistance for Nifty spot is now seen at 10790 and above this 10840. Support for the immediate term is now placed at 10550 next support will be 10410.

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Nifty ends June series below 10,600, Sensex dips 179 pts; Midcap index falls 2%

Closing Bell: Nifty ends June series below 10,600, Sensex dips 179 pts; Midcap index falls 2%

Benchmark indices ended sharply lower on the expiry day of June futures & options contracts, dragged by banking & financials and Reliance Industries. Weakness in the rupee and lingering trade tensions between the US and China also dented market sentiment.

The 30-share BSE Sensex shed 179.47 points to 35,037.64 and the 50-share NSE Nifty fell 82.30 points to 10,589.10 while the Nifty Midcap index dropped nearly 2 percent on weak market breadth.

More than two shares declined for every share rising on the BSE.

Reliance Industries (down 2 percent), ICICI Bank (2.7 percent), HDFC (1.41 percent), Bajaj Finance (2.6 percent), Tech Mahindra (7 percent), Titan Company (3.83 percent) and HPCL (down 5.5 percent) were top contributores to the Nifty's fall.

HDFC Bank (up 0.86 percent), Infosys (1.54 percent), Kotak Mahindra Bank (1.13 percent), Hindalco Industries (1.45 percent) and Tata Steel (up 1 percent) capped losses.

HEADLINES OF THE DAY

The Indian rupee recovered from its intraday all-time low of 69.09 against the dollar.

Manpasand Beverages in focus: The company has entered into a ten year agreement with Parle Products Private Limited for joint distribution of their products, pan-India.

Asia Index Private Limited, a joint venture between S&P Dow Jones Indices and BSE Ltd, announced the launch of the S&P BSE Diversified Financials Revenue Growth Index.

The crucial resistance for Nifty spot is now seen at 10700 and above this 10840. Support for the immediate term is now placed at 10550 next support will be 10410.

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Indices trade flat, Nifty near 10,650 ahead of F&O expiry

The markets are trading flat on Thursday amid weakness in their Asian counterparts ahead of the expiry of June derivatives contracts later in the day.

That apart, investors will also keep a watch on movement in rupee and global crude oil prices for further cues in the market.

RUPEE

The rupee fell to an all-time low against the US dollar in early trade on Thursday, tracking Asian peers with weakening macro-economic fundamentals on the domestic front also weighing on the currency.

The partially convertible rupee was trading at a life low of 69.03/04 against the dollar. The Indian currency closed at 68.65/66 per dollar on Wednesday.

GLOBAL MARKETS

Asian stocks slumped to nine-month lows on Thursday as investors worried that the the Trump administration's approach to trade is harming global economic growth - even as the White House approach to Chinese investment in US technology companies appeared to be softening.

MSCI's broadest index of Asia-Pacific shares outside Japan fell as much as 0.52 per cent to hit a new near nine-month low, before it recovered some ground, while Japan's Nikkei average was flat after erasing earlier losses.

OIL PRICES

In commodities, US oil prices dipped away from three-and-a-half year highs on Thursday amid high output from Russia, the United States and Saudi Arabia, although unplanned supply disruptions elsewhere and record demand stemmed a bigger decline.

US West Texas Intermediate (WTI) crude futures were at $72.54 a barrel, down 22 cents, or 0.3 per cent from their last settlement. WTI hit its highest since November 2014 at $73.06 per barrel in the previous session. Brent crude futures were at $77.54 per barrel, down 8 cents from their last close.

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Banks, oil, infra stocks drag Sensex 273 pts; Nifty ends below 10,700 ahead of F&O expiry

Closing Bell: Banks, oil, infra stocks drag Sensex 273 pts; Nifty ends below 10,700 ahead of F&O expiry

Benchmark indices ended sharply lower amid weak global cues, dragged by oil, banking & financials and infra stocks.

The 30-share BSE Sensex fell 272.93 points to 35,217.11 and the 50-share NSE Nifty declined 97.80 points to 10,671.40 while the Nifty Midcap index shed 277 points on weak market breadth.

About four shares declined for every share rising on the BSE.

Reliance Industries, ICICI Bank, HPCL, BPCL, IOC, Bajaj Finance, L&T ITC and Bajaj Finserv are top contributors to the Nifty's loss.

HDFC Bank, Tech Mahindra and HCL Technologies outperformed.

HEADLINES OF THE DAY

Leading Indian steel producer JSW Steel has said it is looking for more deals in Europe and the United States to expand its global footprint, according to a report by Bloomberg.

Manpasand Beverages has reported 36 percent jump in its Q4 net profit at Rs 42.7 crore against Rs 31.3 crore in a year ago period.

Capacite Infra bags Rs 851.3cr orders: The company received orders from Oberoi Realty Group and Wadhwa Group and order from Kohinoor CTNL Infrastructure Company for total contract value worth of Rs 851.13 crore.

The crucial resistance for Nifty spot is now seen at 10785 and above this 10880. Support for the immediate term is now placed at 10550 next support will be 10410.

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Sensex, Nifty end flat but Midcap index underperforms

Closing Bell: Sensex, Nifty end flat but Midcap index underperforms

Benchmark indices ended flat after volatility, with the Sensex closing below 35,500 levels. TCS, HDFC, ITC and Infosys helped the market close higher while Reliance Industries and Tata Motors capped gains.

The 30-share BSE Sensex rose 19.69 points to 35,490.04 and the 50-share NSE Nifty gained 6.70 points to 10,769.20.

Nifty Midcap index slipped 35 points. More than two shares declined for every share rising on the BSE.

IDBI Bank, V-Guard, Adani Power, Syndicate Bank, Future Consumer, Future Retail, Future Lifestyle, Jaiprakash Associates, Gati, Delta Corp, Indiabulls Real Estate and Nalco slipped up to 7 percent.

United Spirits, Bata, Voltas, Tata Global, Jubilant Foodworks, Dabur India, IGL, Petronet LNG, Hexaware, NIIT Technologies, Tata Elxsi, Avanti Feeds and Info Edge gained up to 17 percent.

HEADLINES OF THE DAY

Non-banking finance company Shriram Transport Finance Company proposed a public issue of Rs 5,000 crore by issuing 5,00,00,000 (five crore) secured redeemable non-convertible debentures (NCDs) of the face value of Rs 1,000 each.

National Stock Exchange of India has approved the re-classification of erstwhile promoters of the company i.e. Neeraj Singal; Brij Bhushan Singal; Ritu Singal; Aishwarya Singal; Brij Bhushan Singal (HUF); and Bhushan Infrastructure Private Limited, collectively holding in aggregate 3.47 percent of paid-up share capital of the company.

The crucial resistance for Nifty spot is now seen at 10810 and above this 10875. Support for the immediate term is now placed at 10640 next support will be 10585.

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Closing Bell: Nifty ends below 10,800; Sensex down 219 pts; PSU banks drag 2%

Closing Bell: Nifty ends below 10,800; Sensex down 219 pts; PSU banks drag 2%

Benchmark indices ended at day's low with Nifty slipped below 10,800 and Sensex fell over 200 points as selling pressure seen in major banking, pharma and metal names.

The market breadth was on decline with 809 shares have advanced, 1721 shares declined, and 143 shares are unchanged.

Tata Motors, HPCL, BPCL, L&T, ICICI Bank, Coal India, and Power Grid are the top losers on the indices.

Expect IT space, all other sectoral indices ended lower with 0.4 percent to 2 percent cut.

HEADLINES OF THE DAY

Shares of telecom firm Idea Cellular slipped 7.5 percent intraday Monday as its merger with Vodafone India may miss the deadline of June 30.

Shares of PNB Housing Finance soared 14 percent intraday on reports that HDFC and Kotak Mahindra Bank were eyeing controlling stake in the firm.

Share price of Sandhar Technologies rose 2 percent on signing JV agreement with Whetron Electronics Co.

The crucial resistance for Nifty spot is now seen at 10810 and above this 10875. Support for the immediate term is now placed at 10640 next support will be 10585.

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Bharat-22 ETF subscribed 2.3 times, investors put in bids worth Rs 140 bn

The second tranche of Bharat-22 ETF was subscribed 2.3 times on the final day of the offering, with the issue garnering subscription to the tune of Rs 140 billion.

Through the Bharat-22 Exchange Traded Fund (ETF), comprising shares of 22 companies, the government had targeted to mop up Rs 6,000 crore with a green-shoe option of another Rs 24 billion.

Subscription has come in for 2.3 times of the base issue size of Rs 60 billion. Total bids worth Rs 140 billion were received on the last day.

The issue has seen resounding success with the FFO (follow-on fund offer) attracting applications aggregating nearly Rs 140 billion. The issue saw wide participation from the Foreign Institutional Investor under the Anchor and QIB category, the  said in a statement.

The government will exercise the green-shoe option and retain the additional Rs 24 billion worth bids received.

The government had on June 19 launched the follow-on fund offer of Bharat-22 ETF, which is managed by ICICI Prudential Mutual Fund.

In the Anchor Investor category, the offering was subscribed 3.4 times raising more than Rs 50 billion.

For the Non-Anchor Investor segment, bids worth Rs 90 billion have been subscribed.

Despite the challenging market in the year 2018, the ETF has garnered very strong subscription with encouraging response from FIIs (who have subscribed to the extent of Rs 75 billion), the ministry said.

With more than one lakh retail applications received, GoI's FFO of Bharat-22 ETF witnessed wide retail participation, the ministry said.

The state-owned companies that are part of the ETF include ONGC, IOC, SBI, BPCL, Coal India and Nalco.

The other central public sector enterprises on the list are Bharat Electronics, Engineers India, NBCC, NTPC, NHPC, SJVNL, GAIL, PGCIL and NLC India. Only three public sector banks SBI, Indian Bank and Bank of Baroda feature in the Bharat-22 index.

The government had in November last year launched the new fund offer (NFO) of Bharat-22 ETF comprising shares of 22 companies, including public sector undertakings (PSUs), public sector banks, ITC, Axis Bank and L&T.

The fund had garnered bids to the tune of Rs 320 billion, although the government retained only Rs 145 billion.

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Closing Bell: Sensex loses 115 pts, Nifty ends below 10,750

Closing Bell: Sensex loses 115 pts, Nifty ends below 10,750

Benchmark indices ended lower after consolidation, as investors monitor trade developments between US and China. The OPEC decision will also be closely watched.
IOC, HPCL and BPCL gained 3-4 percent on correction in crude oil prices.
ICICI Bank and Reliance Industries gained more than a percent while HDFC Bank rose half a percent.
SBI, L&T, ITC, Maruti, M&M, Dr Reddy’s Labs and Axis Bank were under pressure.
Nifty Midcap index fell over 100 points.

HEADLINES OF THE DAY

ICICI Bank gains over 2% on reports of likely appointment of new chairman
PNB Housing Finance to consider fund raising
Dr Reddy’s Laboratories has launched Levetiracetram in Sodium Chloride injection, an anti-epileptic drug, in the US market.

The crucial resistance for Nifty spot is now seen at 10810 and above this 10875. Support for the immediate term is now placed at 10640 next support will be 10585.

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CAPITALSTARS TOP CORPORATE NEWS - 21 JUN 2018

Cipla gets approval for Testosterone Cypionate injection

Cipla has received final USFDA approval for Testosterone Cypionate injection. Testosterone Cypionate is sold by Pharmacia under the brand name Depo-Testosterone. This is an androgen and anabolic steroid medication which is used in the treatment of low testosterone levels in men.

Testosterone Cypionate injection currently has 8 approved ANDAs in 200mg. In 100mg formulation, there are 3 approved ANDAs. This includes companies like Sun Pharma, Mylan, Sandoz, etc. The market for Testosterone Cypionate injection was ~$191mn in 12-month period ending April 2018. As per Bloomberg 94% of this market was the held by the generic companies. Within this drug, 200mg market is the large market while 100mg is a very small market.

Bosch outlines Rs1,700cr capex plan for India over next three years

Leading technology and auto ancillary company, Bosch Limited (Bosch), part of the Robert Bosch Group, has outlined for capex of Rs1,700cr over the next three years. Most of this amount will be utilized for revamping its facility at Adugodi near Bengaluru. In a press release on its website, Dr. Volkmar Denner, chairman of the board of management of the Bosch Group, stated that he sees strong potential from India as the economy “is on the rise again”.

India recently surpassed Germany to become the world’s fourth largest automobile market. Starting April 2020, India will switch from BS-IV to BS-VI. Both these events open up huge opportunities for companies such as Bosch. In order to fully exploit the opportunities in India, the company plans to invest €220mn (Rs1,734cr @ Rs78.81/€).

Bank of Maharashtra dives over 4% after CMD’s arrest

Bank of Maharashtra dropped over 4% after its CMD Ravindra Marathe, executive director Rajendra Gupta and two other bank officials, including Marathe’s precedessor, were arrested earlier reportedly in relation to the alleged cheating case involving developer DS Kulkarni.

Kulkarni was earlier arrested for cheating several depositors of Rs2,043cr through fraudulent investment schemes.

Marathe and the officials were first called in for questioning. The Pune Crime Branch suspects that they colluded with Kulkarni’s firm to divert money and cheat shareholders.

OPEC works towards reaching a consensus on increasing oil supply

The odds of OPEC reaching an oil-production deal increased as Iran edged away from a threat to veto any agreement that would raise output and Saudi Arabia put forward a plan that would add about 600,000 barrels a day to the global market.

At the end of a day of diplomatic back-and-forth in Vienna on Wednesday, delegates were increasingly positive that a deal would be reached at Friday’s meeting of the Organization of Petroleum Exporting Countries. After sitting down with several counterparts, Iranian Minister Bijan Namdar Zanganeh said he was optimistic about the outcome of the OPEC meeting, a marked contrast to comments on Tuesday when he said a deal was unlikely.

Manpasand Beverages snaps 4-day decline; board to consider report from new auditors

Shares of Manpasand Beverages gained 5% on the BSE. The stock snapped its four-day decline and rallied. The company informed that it will consider and approve financial results by newly appointed auditors on June 27.

The meeting of board of directors of the company is scheduled to be held on June 27, to consider and approve audited financial results along with audited report for the fourth quarter and year ended on March 31, 2018, the company said in the filing.

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CAPITALSTARS EQUITY MARKET OUTLOOK - 21 JUN 2018

Nifty likely to open flat
Indian Indices:                           
Trends on SGX Nifty indicate a flat to positive opening for the broader index in India, a rise of 9.5 points or 0.09 percent. Nifty futures were trading around 10,802-level on the Singaporean Exchange.

Global Market:
•Asian markets- Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.79% while the Hang Seng is up 0.01%. The Shanghai Composite is not trading. Asian markets are mixed today. The Nikkei 225 is higher by 0.79% while the Hang Seng is even. The Shanghai Composite is not trading.
•US Markets: U.S. stock-market indexes close mostly higher on Wednesday, though the Dow ... U.S. stocks closed mostly higher on Wednesday, as a rally in technology shares.
•European markets European markets finished mixed as of the most recent closing prices. The FTSE 100 gained 0.31% and the DAX rose 0.14%. The CAC 40 lost 0.34%.
•Major Headlines of the day:
•A breach above 10,780 is a foremost condition for unfolding the next leg of the upmove towards 10,810 and 10,840 levels
•Nasdaq hits record high; Dow remains under pressure
•RITES IPO ticks the valuations box, but not the growth one
•Bond yields trim losses ahead of RBI minutes
•The 10-year bond yield closed at 7.826% from its Tuesday’s close of 7.786%
Trend in FII flows:-  The FIIs were Net Value of Rs  -2442.61 in the cash segment while the DIIs were Net Value of Rs 1473.65 as per the provisional figures.

Securities in Ban For Trade Date 21-JUNE-2018 :- 
1.DHFL
2.Jet Airways
3.Infibeam &
4.JP Associat

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CAPITALSTARS TOP CORPORATE NEWS - 20 JUN 2018

Chemical producer UPL’s shares fall over 3%

Stocks of Mumbai-based UPL dipped over 3% during Wednesday’s closing.

This was on the back of a Bloomberg report that a grouping led by UPL is in exclusive talks to acquire the Bill Ackman-backed Platform Specialty Products Corp.’s agricultural pesticides business. Though the talks were in the advanced stage, there was no certainty that the negotiations will lead to an agreement, the report added.

UPL is engaged in the production of crop protection products, intermediates, specialty chemicals and other industrial chemicals.

Bank of Maharashtra drops 3% after CMD Ravindra Marathe is arrested

In a shocking development, Bank of Maharashtra’s CMD Ravindra Marathe was arrested reportedly in relation to the alleged cheating case involving developer DS Kulkarni. Kulkarni was earlier arrested for cheating several depositors of Rs2,043cr through fraudulent investment schemes.

Following this development, the bank’s stock dropped 3%.

Marathe and some other officials were first called in for questioning. The Pune Crime Branch suspects that they sanctioned loans to Kulkarni’s firm based on fake documents.

Tree House rallies 20% after arm sells land parcel in Thane

Tree House Tree House Education stock rallied 20% after the company's associate company JT infrastructure Pvt. Ltd. sold part of its fixed assets including a land and building situated at Kalyan district in Thane near Mumbai, the company said in the filing.

The stock is currently trading at Rs8.37 up by Rs1.39 or 19.91% from its previous closing of Rs6.98 on the BSE.

The scrip opened at Rs7.50 and has touched a high and low of Rs8.37 and Rs7.22 respectively. Tree House is one of the leading providers of educational and consultancy services with 636+ centres across 96 cities. Its 90% revenue comes from pre-school centres and 10% from consultancy services.

Cipla stock rises after getting approval for Sustiva

Cipla Ltd's stock rose after the company received FDA approval for generic version of Sustiva. The stock is currently trading at Rs605.25, up Rs3, or 0.5%, from its previous close of Rs602.25 on the BSE.

The company has received final USFDA approval for Efavirenz tablets 600mg. This is a generic therapeutic equivalent version of Bristol-Myers Squibb’s Sustiva.

According to IQVIA (IMS Health), Sustiva and its generic equivalents had US sales of approximately $105mn for the 12-month period ending April 2018. Other companies who have approval for gSustiva are Aurobindo, Hetero, Mylan, and Strides Shasun.

Kansai Nerolac to acquire 55% stake in RAK Paints Ltd

Kansai Nerolac Paints Ltd (Kansai), the third largest listed paint company in India, in a statement to the stock exchanges today, said that, it has entered into Share Purchase Agreement (SPA) to acquire 55% stake in RAK Paints Ltd, Bangladesh.

In a statement to the stock exchanges post market hours today, Kansai said that it will acquire 55% stake in RAK Paints, Bangladesh, in an all cash deal for a total consideration of Bangladeshi Taka (BDT) 57.26cr (approximately Rs45.81cr).  The transaction is expected to be completed by July 31, 2018, subject to certain conditions.

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