Market Live By CapitalStars 01/August/2019

Nifty likely to open lower.

The Nifty50 is seen opening lower on Thursday following Asian markets which were trading lower after the U.S. Federal Reserve delivered a 25-basis-point rate cut as expected but dashed hopes of a lengthy easing cycle. Overnight, the Dow and the Nasdaq lost 1.2 percent each while the S&P 500 declined 1.1 percent. MSCI gauge of stocks across the globe slipped to a five-week low, said a Reuters report. Trends on SGX Nifty indicate a negative opening for the broader index in India, a with 0.39 percent loss or 43 points. Nifty futures were trading around 11,078-level on the Singaporean Exchange. As many as 53 companies will declare their results for June quarter which include names like Bharti Airtel, CEAT, Godrej Consumer, HCC, ICRA, JK Tyre, Marico, Raymond, Tata Power, and Varun Beverages among others.

Global Market:

Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.87% while the Hang Seng is down 0.80%. The Nikkei 225 is not trading.

US Markets: North and South American markets finished broadly lower today with shares in Brazil leading the region. The Bovespa is down 1.09% while U.S.'s S&P 500 is off 1.09% and Mexico's IPC is lower by 0.72%.

European Markets: European markets finished mixed as of the most recent closing prices. The DAX gained 0.34% and the CAC 40 rose 0.14%. The FTSE 100 lost 0.78%.

Major Headlines of the day:

Rupee stands at 69.20 per dollar.

Ashok Leyland's net profit shrinks 45% yoy in Q1FY20 Meanwhile, Ashok Leyland said that its board has approved the plan to raise up to Rs600cr in long-term debt.

Bharti Airtel Q1FY20E Result Expectation India EBITDA margin is expected to decline on qoq basis while Africa is expected to remain flat.

Tata Global Beverages cons. PAT rises ~11% yoy to Rs142cr The branded business' revenue largely remained flat, while the non-branded business rose 26% yoy (contributed only ~13% to total revenue in Q1FY20).

Earnings Reaction To Watch

BHARTI AIRTEL

CEAT

CHOLAMAMDALAM

GODREJ CONSUMER

MARICO

RAYMOND

TATA POWER

Trend in FII flows:- The FIIs were Net Value of Rs -1497.07 segment while the DIIs were Net Value of 2479.38 the provisional figures.

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Opening Bell By CapitalStars 01/August/2019

CS NIFTY FUTURES (AUG) OVERVIEW

TREND BEARISH

RES 2: 11400

RES 1: 11270

SUP 1: 11000

SUP 2: 10900

CS BANK NIFTY FUTURES (AUG) OVERVIEW

TREND BEARISH 

RES 2: 29300

RES 1: 29150

SUP 1: 28750

SUP 2: 28600

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Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

 

For more details call on 9977499927 or visit our website www.capitalstars.com

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Closing Bell By CapitalStars 31/July/2019

DAILY NIFTY SMART MOVERS 

SCRIPTS PRICE PRE. CLOSE CHANGE (%) CHANGE (Rs.) VOLUME

TVS Motor

369.00 344.70 7.05 24.30 200.18

Yes Bank

91.30 86.10 6.04 5.20 9791.81

Indusind Bank

1408.00 1336.90 5.32 71.10 323.04

Indian Oil Corp.

139.30 133.55 4.31 5.75 807.21

Tata Steel

431.90 414.70 4.15 17.20 599.24

DAILY NIFTY TOP LAGGARDS

SCRIPTS PRICE PRE. CLOSE CHANGE (%) CHANGE (Rs.) VOLUME

Zee Entertainment

361.45 381.20 -5.18 -19.75 885.49

Bajaj Hold & Invest

3398.50 3569.50 -4.79 -171.00 1.59

Axis Bank

674.40 706.55 -4.55 -32.15 1271.02

Biocon

226.70 234.25 -3.22 -7.55 235.42

Shree Cement

20200.00 20800.10 -2.89 -600.10 1.13

BEST CALL OF THE DAY (FINAL TG )

NIFTY FUTURE 

SELL BANK NIFTY FUT FINAL TGT 

FUTURE INTRADAY 

SELL TITAN FUT FINAL TGT 

SELL DIVISLAB FUT FINAL TGT 

CASH INTRADAY 

SELL DIVISLAB IN CASH FINAL TGT 

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CORPORATE NEWS By CapitalStars 31/July/2019

Apollo Tyres net profit declines 44% yoy in Q1FY20

Apollo Tyres' share price jumped 4% after the co. announced its Q1FY19 numbers. 

The company's Q1FY20 net profit has declined by 44% to Rs141.6cr from Rs251.8cr for the corresponding quarter ended June 30, 2018.

The income from operations rose by 1% to Rs4331.3cr in Q1FY20 as against Rs4299.3cr for the corresponding quarter ended June 30, 2018.

EBITDA margin stood at 11% vs. 12.5% yoy basis.

Coffee Day appoints S. V. Ranganath as interim chairman

Coffee Day Enterprises said in the press note that the board has appointed SV Ranganath as the new Interim Chairman. The company has also appointed Nitin Bagmane as an Interim Chief Operating Officer.

Constitution of an executive committee comprising S. V. Ranganath (Non-Executive Independent Director), Nitin Bagmane (COO) and R. Ram Mohan (CFO) to exercise the powers previously vested with the Chief Executive Officer of the Company and the Administrative Committee constituted by the Board in 2015. The Board will, in due course, prepare a detailed charter of authorities vested in the Executive Committee and approve the same. The Executive Committee will, inter alia, explore opportunities to deleverage the Coffee Day Group, the company said in the stock exchange.

RBI eases ECB norms for corporates, NBFCs

The Reserve Bank of India (RBI) on July 30 relaxed the end-use stipulations under external commercial borrowings framework for corporates and non-banking financial companies (NBFCs).

"Based on the feedback from stakeholders and with a view to further liberalise the ECB framework, it has been decided, in consultation with the Government of India, to relax the end-use restrictions relating to external commercial borrowings for working capital requirements, general corporate purposes and repayment of rupee loans," RBI said in a press release yesterday.

PNB Housing Finance PAT up 11% yoy to Rs285cr in quarter ended Jun'19

Performance highlights for Q1FY20 vs. Q1FY19:

Its Net Interest Income registered a growth of 45% to Rs625.5cr from Rs432.8cr.

Profit after Tax grew by 11% to Rs284.5cr from Rs255.8cr.

The spread on loans for Q120 stood at 2.53% compared to 2.11% for Q1FY19. 

Net Interest Margin for Q1FY20 stood at 3.14% compared to 2.74% for Q1FY9.

Return on Asset is at 1.37% on an average gearing of 9.4x against 1.54% on an average gearing of 8.7x during Q1 FY18-19 resulting in a Return on Equity of 14.8% for Q1 FY19-20 vis a vis 15.8%for Q1 FY18-19.

Gross Non-Performing Assets (GNPA) stood at 0.85% of the loan assets as on 30th June, 2019, against 0.43% as on 30th June, 2018.

Net NPA stood at 0.67% of the loan assets as on 30th June, 2019 against 0.33% as on 30th June, 2018.

ICRA expects some weakening in Retail-NBFC asset quality in the current fiscal

The assets under management (AUM) of retail non-banking finance companies grew at a much slower pace of ~9.5% (over September 2018) during H2FY2019 vis a vis ~13% during H2FY2018 (over September 2017) due to tightening of liquidity. Typically, though Retail-NBFC growth in H2 is higher than H1, in FY2019, it was lower than H1 growth of 11.5%. Therefore, overall credit growth of 22% during FY2019 was largely supported by the H1 performance. The Retail-NBFC AUM stood at Rs9.1 trillion as on March 31, 2019.

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For more details call on 9977499927 or visit our website www.capitalstars.com

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Opening Bell By CapitalStars 31/July/2019

CS NIFTY FUTURES (AUG) OVERVIEW

TREND BEARISH

RES 2: 11400

RES 1: 11260

SUP 1: 11000

SUP 2: 10850

CS BANK NIFTY FUTURES (AUG) OVERVIEW

TREND BEARISH 

RES 2: 29320

RES 1: 29100

SUP 1: 28700

SUP 2: 28500

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Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

 

For more details call on 9977499927 or visit our website www.capitalstars.com

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Market Live By CapitalStars 31/July/2019

Nifty likely to open lower.

The Nifty50 is expected to open lower on Wednesday tracking weak trend seen in other Asian markets ahead of the US Federal Reserve outcome, and fresh trade war concerns following threats from President Donald Trump to Beijing. As a new round of U.S.-China trade negotiations started in Shanghai, Trump tweeted that, if he wins re-election in November 2020, the outcome could be no agreement or a harsher one, said a Reuters report. Overnight, US markets ended lower. The Dow Jones Industrial Average fell 23.33 points to 27,198.02, the S&P 500 lost 7.79 points to 3,013.18, and the Nasdaq Composite dropped 19.72 points to close at 8,273.61. The S&P BSE Sensex fell 289 points to 37,397 while the Nifty50 closed 103 points lower at 11,085 on Tuesday.

Global Market:

Asian Markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.97% while the Hang Seng is down 0.82%. The Shanghai Composite is not trading.

US Markets: North and South American markets finished lower today with shares in Brazil leading the region. The Bovespa is down 0.53% while Mexico's IPC is off 0.28% and U.S.'s S&P 500 is lower by 0.26%.

European Markets: European markets finished broadly lower today with shares in Germany leading the region. The DAX is down 2.18% while France's CAC 40 is off 1.61% and London's FTSE 100 is lower by 0.52%.

Major Headlines of the day:

Rupee stands at 68.92 per dollar.

UPL Q1FY20E Result Expectation We expect overall EBITDA margin, including Arysta, at 21% led by write-off on Arysta's inventories as compared to 4QFY19.

RBI eases ECB norms for corporates, NBFCs Eligible borrowers will now be allowed to raise ECBs from recognised lenders, except foreign branches/overseas subsidiaries of Indian banks.

Shoppers Stop's net profit at Rs2.4cr in Q1 The company posted an EBITDA of Rs50.1cr in the quarter, up by 15.4% owing to significant operational efficiencies.

Earnings Reaction To Watch

AJANTA PHARMA

APOLLO TYRE

ASHOK LEYLAND

BLUE DART

EICHER MOTORS

IOC

MOTILAL OSWAL

STAR CEMENT

TATA GLOBAL BEV

TRENT

UPL

Trend in FII flows:- The FIIs were Net Value of Rs -644.59 segment while the DIIs were Net Value of 1079.72 the provisional figures.

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Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

 

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CORPORATE NEWS By CapitalStars 30/July/2019

Dr. Reddy's Labs launches Pregabalin capsules in the US

Dr Reddys Laboratories announced the launch of Pregabalin capsules in the US market.Shares of the company are down 2.5%.Pregabalin Capsules is a therapeutic equivalent generic version of Lyrica® (pregabalin) Capsules approved by the US Food and Drug Administration (USFDA).

The Lyrica® (pregabalin) Capsules brand had US sales of ~$5,462mn MAT for the most recent twelve months ending in May 2019, according to IQVIA Health.

Dr. Reddy's Pregabalin Capsules are available in 25 mg, 50 mg, 75 mg, 100 mg, 150 mg, 200 mg, 225 mg and 300 mg capsules in bottle count sizes of 90. This is also a controlled substance schedule V product.

Bank of India stock slumps 6% even as net profit jumps 154% yoy to Rs243cr

Shares of Bank of India are down 6% even as its PAT for the quarter ending Jun'19 more than doubled over it year-ago profit. 

Net profit up 154% at Rs242.6cr vs. Rs 95.1cr yoy.

Its net interest income (NII) grew 3.9% yoy at Rs3, 485.4cr against Rs3, 354.3cr in the corresponding period last year.Gross NPA came in at 16.50% and net NPA at 5.79% qoq.

Dilip Buildcon declared L-1 bidder for Khaki dam construction

Dilip Buildcon Limited has been declared L-1 bidder for the project involving construction of Kharkai Dam at Icha with all control gates and its allied works including civil, mechanical (with Design of Gates), electrical and SCADA system under SMP in the state of Jharkhand.

The Company has been declared L-1 bidder by the Water Resources Department for the project in the state of Jharkhand.

The project cost is Rs972cr, and the completion period is 26 months.

ICRA expects some weakening in Retail-NBFC asset quality in the current fiscal

The assets under management (AUM) of retail non-banking finance companies grew at a much slower pace of ~9.5% (over September 2018) during H2FY2019 vis a vis ~13% during H2FY2018 (over September 2017) due to tightening of liquidity. Typically, though Retail-NBFC growth in H2 is higher than H1, in FY2019, it was lower than H1 growth of 11.5%. Therefore, overall credit growth of 22% during FY2019 was largely supported by the H1 performance. The Retail-NBFC AUM stood at Rs9.1 trillion as on March 31, 2019.

Granules India net profit soars 61% yoy in Q1

Granules India Ltd., a growing pharmaceutical manufacturing company, announced today the result for its first quarter of the financial year 2020. The stock gained after the company reported healthy Q1 numbers on Tuesday.

The company's Q1FY20 net profit has increased by 61% to Rs83cr from Rs52cr for the corresponding quarter ended June 30, 2018.

The income from operation also rose by 31% to Rs595cr in Q1 as against Rs453cr for the corresponding quarter ended June 30, 2018.

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Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

 

For more details call on 9977499927 or visit our website www.capitalstars.com

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Closing Bell By CapitalStars 30/July/2019

DAILY NIFTY SMART MOVERS 

SCRIPTS PRICE PRE. CLOSE CHANGE (%) CHANGE (Rs.) VOLUME

Bharti Airtel

346.85 334.90 3.57 11.95 676.97

Bajaj Hold & Invest

3521.25 3439.70 2.37 81.55 3.65

TCS

2178.90 2129.50 2.32 49.40 81.29

Colgate Palmol. (I)

1173.95 1163.00 0.94 10.95 18.80

ACC

1548.50 1536.00 0.81 12.50 76.22

DAILY NIFTY TOP LAGGARDS

SCRIPTS PRICE PRE. CLOSE CHANGE (%) CHANGE (Rs.) VOLUME

RBL Bank

395.20 449.30 -12.04 -54.10 1352.16

Yes Bank

85.75 94.75 -9.50 -9.00 8627.58

Indusind Bank

1330.00 1432.35 -7.15 -102.35 262.24

Indiabulls Housing

522.90 559.00 -6.46 -36.10 2006.36

Bank Of Baroda

102.55 109.00 -5.92 -6.45 1605.03

BEST CALL OF THE DAY (FINAL TG )

HNI OPTION

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OPTION STRATEGY 

BUY HEROMOTOCO PUT 2400 FINAL TGT 

FUTURE INTRADAY 

SELL BAJAJ AUTO FUT FINAL TGT 

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Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

 

For more details call on 9977499927 or visit our website www.capitalstars.com

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Market Live By CapitalStars 30/July/2019

Nifty likely to open higher.

The Nifty50 is likely to open higher on Tuesday following Asian markets which were trading with a positive bias as equity investors are building in hopes for an expected U.S. interest rate cut this week. The U.S. Federal Reserve begins a two-day policy meeting later on Tuesday, at which it is widely expected to lower interest rates by 25 basis points. If implemented, it would be the central bank first rate cut in a decade, said a Reuters report. The Dow Jones Industrial Average rose 28.96 points to 27,221.41, the S&P 500 lost 4.88 points to 3,020.98, and the Nasdaq Composite dropped 36.88 points, to 8,293.33. Trends on SGX Nifty indicate a positive opening for the broader index in India, with 0.22 percent gain or 25 points. Nifty futures were trading around 11,236-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 0.68% while the Hang Seng is up 0.51%. The Shanghai Composite is not trading.

US Markets: North and South American markets finished mixed as of the most recent closing prices. The IPC gained 1.48% and the Bovespa rose 0.65%. The S&P 500 lost 0.16%.

European Markets: European markets finished mixed as of the most recent closing prices. The FTSE 100 gained 1.82%, while the CAC 40 led the DAX lower. They fell 0.16% and 0.02% respectively.

Major Headlines of the day:

Rupee stands at 68.75 per dollar.

DLF's Q1FY20 net profit soars 140% yoy to Rs413cr Net sales of Rs705cr in this quarter have been achieved and the co. expects this momentum to continue.

Strides Pharma adj. PAT at Rs52.3cr in Q1FY20 For the quarter, EBITDA stood at Rs123.9cr, a growth of 155% yoy vs. Rs48.6cr over the corresponding quarter of the previous year.

Earnings Reaction To Watch

AXISBANK

BANK OF INDIA

CHOLAMANDALAM

DISHTV

GRANUELS

GULF OIL LUBRIC

HEROMOTOCO

NMDC

ORIENT ELECTRIC

PEL

PNB HOUSING FIN

TECH MAHINDRA

VIP INDUSTRIES

Trend in FII flows:- The FIIs were Net Value of Rs -704.42 segment while the DIIs were Net Value of 1351.64 the provisional figures.

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Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

 

For more details call on 9977499927 or visit our website www.capitalstars.com

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Opening Bell By CapitalStars 30/July/2019

CS NIFTY FUTURES (AUG) OVERVIEW

TREND BEARISH

RES 2: 11500

RES 1: 11350

SUP 1: 11100

SUP 2: 11000

CS BANK NIFTY FUTURES (AUG) OVERVIEW

TREND BEARISH 

RES 2: 29800

RES 1: 29590

SUP 1: 29200

SUP 2: 29000

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Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

 

For more details call on 9977499927 or visit our website www.capitalstars.com

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Corporate News By CapitalStars 29/July/2019

Alembic Pharmaceuticals' profit jumps 37% in Q1

Alembic Pharmaceuticals Limited, a vertically integrated research and development pharmaceutical company, reported its consolidated financial results for the quarter ending June 30, 2019. The company net profit jumped 37% in Q1FY20 to Rs124cr from Rs90cr in the same period previous fiscal.

For the quarter, EBITDA stood at Rs233cr, a growth of 54% yoy vs. Rs155cr over the corresponding quarter of the previous year.

Net sales were up 10% at Rs949cr in Q1 and Profit before exceptional items & tax up 58% to Rs192cr.

SBI reduces the interest rate on deposits across all maturities

Country largest lender State Bank of India (SBI), has, because of the falling interest rate scenario and surplus liquidity, realigned its interest rate on Retail Term Deposits (less than Rs2cr) and Bulk Term Deposits (Rs2cr & above) w.e.f. August 1, 2019.

For time deposits with longer tenors, there is a reduction upto 20bps in the Retail segment and 35bps in the Bulk segment.

Interest rates have been slashed by 50-75 bps for time deposits with shorter tenors, i.e. upto 179 days, the bank said.

KPIT up 3% after reporting flat PAT of Rs31cr qoq in Q1FY20

Shares of tech firm KPIT are up over 3% after the co. posted a consolidated net profit of Rs31cr for the June 2019 quarter on July 26 vs. Rs30.9cr qoq.

Its revenue from operations was at Rs505.7cr for Q1FY20 vs. Rs501.2cr.

The numbers are not comparable on year-on-year basis as last year, CK Birla Group-owned Birlasoft and KPIT Technologies announced that they will merge and then split into two publicly-traded companies to create two specialised IT players.

After the demerger, the engineering business was incorporated on January 8, 2018, and listed on the BSE and the NSE as KPIT Technologies in April 2019.

Havells India tanks ~7% as net profit declines 16% yoy in Q1FY20

Shares of Havells India are down 7% as the company reported a weak set of numbers for Q1FY20 on Saturday. The consumer electrical goods maker reported a 16.13% fall in its consolidated net profit to Rs177.09cr for the first quarter ended June 2019.The company had posted a net profit of Rs211.16cr in the April-June period a year ago.The company total income during the quarter grew 4.81% to Rs2, 756.50cr vs. Rs2,629.94cr yoy.Its total expenses stood at Rs2,489.62cr vs. Rs2,328.23cr yoy, up 6.93%.Revenue from lighting and fixtures was up 8.61% yoy to Rs285.34cr.Havells electrical consumer durables revenue also increased to Rs623.50cr vs. Rs504.21cr in the Q1FY19.Revenue from Lloyd Consumer, a company that Havells had acquired in 2017, fell 7.92% to Rs652cr.

Tata Power to develop 250 MW solar project in Gujarat

Tata Power, India largest integrated power company, announced that Tata Power Renewable Energy Limited (TPREL), the Company wholly owned subsidiary, has received a Letter of Award (LOA) from Gujarat Urja Vikas Nigam Limited (GUVNL) on 25th July 2019 to develop a 250 MW solar project in Dholera Solar Park of Gujarat. This capacity is in addition to 100 MW awarded by GUVNL earlier at Raghanesda Solar Park in May'19.

The energy will be supplied to GUVNL under a Power Purchase Agreement (PPA) valid for a period of 25 years from the scheduled commercial operation date. The Company has won this capacity in a bid announced by GUVNL in January 2019. The project has to be commissioned within 15 months from the date of execution of the PPA.

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Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

 

For more details call on 9977499927 or visit our website www.capitalstars.com

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