CORPORATE NEWS 02-JAn-2018

Tamil Nadu govt moves SC for the closure of Vedanta Tuticorin unit: Media reports

Shares of Vedanta slipped 4% on Wednesday after media reports said that the Tamil Nadu (TN) government moved the Supreme Court against the order of National Green Tribunal (NGT) allowing the company to re-open Sterlite's Tuticorin unit. On December 15, NGT had trashed the state governments order for closure of the plant citing non-sustainable and unjustified as a reason. The plant was at the centre of massive protests over alleged pollution.

TVS Motor misses volume expectations due to a slowdown in motorcycle and scooter sales

TVS Motor Company Limited (TVSM) reported lower-than-expected volume numbers in December 2018, missing consensus expectation. Total volume was up 6% yoy (down 15% mom) in December 2018. This was the slowest monthly yoy growth rate since October 2017. The company sold 2,71,395 vehicles in December 2018, against 2,56,870 vehicles in December 2017 and 3,19,965 vehicles in November 2018. Total volume missed BloombergQuint poll estimate of 2,91,000 vehicles. Three wheelers (3W) volumes continued to gallop, growing 37% yoy (down 1% mom) in December 2018. However, all three sub-segments of two-wheelers (2W) witnessed a slowdown. Scooter volume was up 9% yoy (down 18% mom), while motorcycle volume was up 13% yoy (down 11% mom). These were multi-month low growth rates for these sub-segments. Moped sales declined 13% yoy (down 20% mom). TVSM fared better than Hero MotoCorp (HMCL), which saw 4% yoy (26% mom) decline in 2W December volumes. Bajaj Auto (BJAUT) was clearly an outlier, with 2W volumes up 31% yoy (down 14% mom).

Jet Airways defaults on debt payment to banks

Shares of Jet Airways were down 2% in late morning trade on Wednesday as the debt-ridden airline company delayed the payment to a consortium of Indian banks led by the State Bank of India (SBI). "The payment has been delayed due to temporary cash flows mismatch and the company has engaged with the banks in relation to the same," the airline company said in a press note aftermarket hours to the exchanges on Tuesday.

Power Grid arm announces transmission system project Vindhyachal-V

PowerGrid Jabalpur Transmission Limited, a 100% wholly owned subsidiary of Power Grid Corporation of India Limited, has successfully commissioned transmission system strengthening associated with Vindhyachal-V.

The company made the announcement on Tuesday evening, post market hours. The project includes establishment of Vindhyachal pooling station - Jabalpur pooling station 765kV double circuit transmission line on a build, own, operate and maintain (BOOM) basis.

LIC Housing Chairman V.K. Sharma resigns

LIC Housing Finance said that V.K. Sharma has resigned as Chairman of the company from December 31, 2018, after superannuation from the services of LIC. I shall be laying down office as Chairman of Life Insurance Corporation of India today. I, therefore, tender my resignation from the Board of Directors of the Company with immediate effect. I take this opportunity to thank you and Members of the Board for all the kindness and consideration shown to me during my tenure on the board, the company said in a regulatory filing.

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Nifty likely to open flat 1-JAN-2019

Indian Indices: Nifty futures on the Singaporean Exchange indicate a flat start to indices here. The index futures were trading at 10,922.5, up 1 point on the SGX.

Global Market:

Asian markets: Asian markets finished mixed as of the most recent closing prices. The Hang Seng gained 1.34% and the Shanghai Composite rose 0.44%. The Nikkei 225 lost 0.31%.

 US Markets: U.S. stocks log worst year since 2008.

European markets: European markets finished mixed as of the most recent closing prices. The DAX gained 1.71% and the CAC 40 rose 1.11%. The FTSE 100 lost 0.09%.

 Major Headlines of the day:

Stocks To Watch

Automobile manufacturers will be in focus as they are set to announce their monthly sales data for December. (Heres how they are expected to fare.)

 Lupin received FDA approval for Clobazam Oral Suspension. This is a generic version of Lundbeck Pharma Onfi Oral Suspension for adjunctive treatment of seizures associated with Lennox-Gastaut Syndrome in patients two years of age or older.

JMC Projects received order worth Rs 596 crore. Out of this, Rs 434 crore is for residential and commercial projects in South India and the remaining Rs 162 crore is for civil works for a steel plant in Odisha. This company is a listed arm of Kalpataru Power Transmission.

HDFC revised its Retail Prime Lending Rate on which its adjustable-rate home loans are benchmarked by 10 basis points across various tenors, with effect from Jan. 1.

Dynamatic Technologies said it will receive Rs 40 crore as consideration for the transfer of all the fixed assets relating to the aluminium business of the Auto Division from Hi-Tech Arai. Along with this, the investors will also pay between Rs 5.5 and Rs 6.5 crore in order to acquire the company's inventories.

 Centrum Capitals arm acquired supply chain finance business of L&T Finance whose asset book consists of Rs 650 crore. Hindustan Construction Company said that its group Chief Financial Officer Praveen Sood has ceased to be the CFO and Key Managerial Personnel with effect from Dec. 31, upon the completion of the term of his contract. The company stated it is in the process of appointing the next CFO.

 Fortis Healthcare's board approved the extension of the long stop date under the Master Purchase Agreement to March 26. The company and its arm had entered into the agreement to purchase Indian Entities of RHT Trust under this agreement in Nov. 2017. On Dec. 28, statutory auditors Deloitte Haskins & Sells LLP had resigned.

Jindal Steel & Power's current CEO Naushad Akhter Ansari became the joint MD of the company with effect from Jan. 1.

KEC International and Adani Transmission mutually agreed to extend the date of sale to Jan. 31. They entered into this agreement on Nov. 3 in which KEC International was to sell its entire stake in KEC Bikaner Sikar Transmission Private Limited to Adani groups transmission arm.

Allahabad Bank revised MCLR by 10 basis points across various tenors. Overnight MCLR at 8.25 percent and One Year MCLR at 8.75 percent. credit access Grameen said it has completed a direct assignment of Rs 277.73 crore and securitization transaction of Rs 110.5 crore. Shriram Transport Finance would consider raising fund via debt during the month of January.

 The trend in FII flows:- The FIIs were Net Value of Rs -326.87 segment while the DIIs were Net Value of 321.98 the provisional figures.

Securities in Ban For Trade Date 01-DEC-2019

1.Adanipower

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Nifty likely to open higher 31-DEC-2018

Indian Indices: Nifty has been flirting to its 50-DEMA from last 38 trading sessions and got stuck in a broader trading range with crucial hurdle at 10950-10985 zones.

Global Market:

 Asian markets: Shares in Hong Kong are higher today as the Hang Seng gains 1.60%. The stock markets in Tokyo and Shanghai are closed at this time.

 US Markets: U.S. Stock Futures Rally After Trump-Xi `Big Progress' Phonecall.

  European markets: European markets closed sharply higher on Friday with shares in London leading the region. The FTSE 100 is up 2.27% while France's CAC 40 is up 1.74% and Germany's DAX is up 1.71%.

 Major Headlines of the day:

 Stocks To Watch

 Marico: Minimum Support Price for Copra has been hiked by over Rs 2,000 per quintal for 2019 season by CCEA. The MSP of Copra has been increased from Rs 7,511 per quintal to Rs 9,521 per quintal. (Bloomberg News-All India Radio) IDBI Bank allotted 239 crore shares via preferential issue to LIC at a price of Rs 60.73 per share aggregating to Rs 14,500 crores in tranche 1. This exercise is the part of ongoing acquisition of 51 percent controlling stake by LIC in IDBI Bank. Aavas Financiers received fresh refinance assistance of Rs 500 crore from National Housing Bank. The company says that this refinance will strengthen the liquidity position of the company and will provide a strong boost to retail home loan activities in semi-urban and rural areas. Power Grid Corporation entered into a loan agreement for 200 million euros with Germanys KfW for the financing of transmission project for integration of clean energy and system strengthening. Government conveyed its decision to invest Rs 5,500 crore in Oriental Bank of Commerce by way of preferential allotment. The meeting to consider this capital raise will be held on Jan. 2.   JK Cement approved qualified institutional placement Issue price at Rs 695.8 per share which is at a discount of 5 per cent to the floor price of Rs 732.42.

credit access Grameen completed a direct assignment transaction of Rs 176.59 crore. The company says that with this transaction, the entity has completed five secularisation transactions and two direct assignment transaction amounting to Rs 909.70 crore in the financial year 2019. The financial services company also stated that the entire pool qualifies for priority sector treatment as per the Reserve Bank of Indias Priority Sector lending guidelines. Rane Holdings increased its stake in its arm Rane Madras Ltd. from 3.05 per cent to 61.64 per cent for a consideration of Rs 20 crore. Manali Petrochemicals clarified that there was no strike or lockout and no insurance cover based on notice received from the Pollution Control Board for the closure of Plant 1 on Dec. 25. The company also stated that quantum of loss would depend on the period of closure and the company has taken actions for an early restart to recoup the production loss.

Karnataka Bank raised its deposit interest rate by 10 basis points for domestic and NRE Rupee term deposits to 7.40 per cent with effect from Dec. 28. Government conveyed its decision to invest Rs 1,632 crore in Syndicate Bank by way of preferential allotment of equity shares. Piramal Enterprises said it was considering raising Rs 100 crore via NCDs on Jan.2. Central Bank of India's board approved raising Rs 200 crore via employee stock option.

 Ashok Leyland changed its object clause in which the company will engage in the business of developing, manufacturing and selling light commercial vehicles up to 7.5-tonne gross vehicle weight, powertrain for LCVs, and spare parts in India and other countries. This change in object clause comes after NCLT approved the order of amalgamating its three arms with as on Dec. 17.

Omaxe clarified that the NCLT issuing contempt notice against its CMD Rohtas Goel was wrongly interpreted as the notice is related in Buildwell Builders Pvt. Ltd., where Rohtas Goel is the director as well as the shareholder. There is no effect on the operations or the performance from the above news as stated by the company.

 Bank of Baroda to consider raising funds on Jan. 02 through Basel III compliant tier II bonds.

Tata Investment Corporation fixed Jan.11 as the record date for buy-back.

 Infibeam Avenues terminated the proposed acquisition in the entire stake of Unicommerce, as the conditions precedent were not fulfilled within the stipulated time period. NLC India commissioned 1000 MW (2*500 MW) of the thermal power project. The project has been completed in four months as against a target of six months. Asian Granito's promoter and MD was arrested by Directorate of Revenue Intelligence for a case related to an amount of Rs 3.5 crore. Currently Mukeshbhai Patel is out on bail.

Fortis Healthcare: Pursuant to share issue, IHH prefers to align its auditors on a group-wide basis which may streamline the audit process and bring inefficiencies. After due consideration, Deloitte the statutory auditors have tendered their resignation.

Cadila Healthcare: received final approval from the U.S. FDA to sell an anti-acne medication. The drug will be made in Ahmedabad facility.

Bank of India: Government to infuse Rs 10,086 crore via equity in the bank. Board to consider resolution for the same on Jan. 02.

 Bharat Financial Inclusion: NBFC assigned a pool of receivables of an aggregate value of Rs 849.36 crore to private sector banks on a direct assignment basis. With this transaction, the Company has completed five direct assignment transactions worth Rs 3,864.91 crore in the current financial year.

 Kotak Mahindra Bank in focus today as it is the RBI deadline date for owner Uday Kotak to cut stake in the company.

The trend in FII flows:- The FIIs were Net Value of Rs -119.6 segment while the DIIs were Net Value of 1199.4 the provisional figures.

Securities in Ban For Trade Date 31-DECEMBER-2018

1.Adani power

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Nifty likely to open gap up 27-DEC-2018

Indian Indices: Experts expect the volatile movement to continue in the near term. 

Global Market:Asian markets: Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 3.74% while the Hang Seng is up 0.61%. The Shanghai Composite is not trading.
US Markets: US stock markets rally after a pre-Christmas slump.
European markets: European markets finished mixed as of the most recent closing prices. The DAX gained 0.21%, while the CAC 40 led the FTSE 100 lower. They fell 1.45% and 0.52% respectively.


Major Headlines of the day:

Stocks To Watch

Sun Pharma arm Dusa Pharmaceuticals got awarded Preliminary Injunctive Relief by U.S. federal district court prohibiting defendants Biofrontera from using Dusas proprietary trade secret information. Earlier this year, the Sun Pharma arm filed a lawsuit against Biofrontera alleging trade secret misappropriation and patent infringement of the company's photodynamic therapy patients and Levulan Kerastick drug.

 Hindustan Unilever clarified on the news of GST Authority finding guilty of profiteering Rs 383 crore stating that no methodology has been determined by National Anti-Profiteering Authority as required under the law to determine if the benefit has been passed or not. HUL will consider legal options available to it. On Dec. 24 the anti-profiteering authority ruled passed on order against the company to deposit Rs 223 crore.

Man Industries: Securities and Exchange Board of India imposed Rs 10 crore fine on 3 promoters of the company for failing to make an open offer to the company's shareholders. The regulators conducted a probe in the shareholding of the company from June to September in the year 2010, while observing that shareholding of the promoters increased from 51.29 per cent to 55.18 per cent. Under the SEBI regulations, it is mandatory to make an open offer if the promoters shareholding crosses the threshold limit of 55 per cent.

NTPC Limited: Investment approval has been accorded for Bilhaur Solar Project of 140 MW capacity and Auraiya Solar Project of 20 MW capacity. Previously on Oct. 11, the company had won 160 MW solar capacities in Uttar Pradesh Energy Agency's Solar Tender. Entertainment Network (India) clarified that terrestrial broadcasting was disrupted for only 30 hours due to fire in its Mumbai Common Transmission Infrastructure and the amount of damage is not significant and the equipment of the company at this common infrastructure is already insured.

Cimmcos promoter Titagarh Wagons to sell 15.4 lakh shares (5.64 per cent equity) today and tomorrow through an offer for sale route. The floor price for OFS set at Rs 38 per share, a discount of 11 per cent to the last regular trade.

The trend in FII flows:- The FIIs were Net Value of Rs 80.28 segment while the DIIs were Net Value of -137.63 the provisional figures.


Securities in Ban For Trade Date 27-December-2018
1.Adani power

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Nifty likely to open flat 24-DEC-2018

Indian Indices: The futures were trading at 10,767.50, a gain of 7.50 points on SGX Nifty.

Global Market:

 Asian markets: The futures were trading at 10,767.50, a gain of 7.50 points on SGX Nifty.

US Markets: Bear markets have just begun in the US! And D-Street sneezing already.

European markets: European markets finished higher on Friday with shares in Germany leading the region. The DAX is up 0.21% while London's FTSE 100 is up 0.14% and France's CAC 40 is up 0.04%.

 Major Headlines of the day:

  Stocks To Watch

 InterGlobe Aviation signed codeshare mutual agreement with Turkish Airlines. The aviation company said this agreement is a part of its international expansion strategy. Through this cooperation, Turkish Airlines will be offering new destinations in India as a marketing carrier on lndiGo operated flights, while the median carrier customers will be able to reach many European destinations through Turkish Airlines' network.

 Hero MotoCorp: Cut to Sell from Neutral at Goldman Sachs. Price target lowered to Rs 2,773 from Rs 3,175, implying a 17 per cent downside from Friday close.

 Entertainment Network (India) board approved the company foray into U.S. Markets. The proposed thrust for expansion will involve incorporation of arms in U.S. to enter into time brokerage arrangements to broadcast radio programs and content targeting the South Asian Community.

Fortis Healthcare: SEBI orders Singh brothers and other eight group companies to repay Rs 403 crore to the company itself. The order also stated that the Singh brothers and above-mentioned entities to not dispose any assets or divert funds except for payment of the said order for meeting day to day expenses. The order added that Malvinder Mohan Singh and Shivinder Mohan Singh shall not associate themselves with the affairs of Fortis Healthcare and Fortis Hospitals in any manner whatsoever, till further directions.

 Bandhan Bank clarified that the bank was unaware of the news that it is in talks with HDFC for control of Gruh Finance. The bank also stated that it is evaluating various opportunities and will not comment on market speculation.

 Petronet LNG restructured its LNG pact with Qatar based LNG Supplier RasGas. The company had entered into a binding sale and purchase agreement with RasGas for the supply of an additional 1 MMTP A of LNG for onward sale to local, BPCL, GAIL and GSPC in December 2015. The company added that contract has been re-structured by having direct arrangement between the LNG supplier and the Indian entities with effect from Jan. 1.

 PVR board approved raising Rs 750 crore via qualified institutional placement via debit or equity

Info Edge arm increased stake in Nopaperforms Solutions to 48.1 per cent by investing Rs 28 crore. The company provides digital solutions for educational institutions. Inox Leisure commenced commercial operations of Multiplex Theatre in West Bengal.

 BHEL is in talks with U.S. Firm for lithium-ion battery joint venture. (Bloomberg News)

Sundaram Finance: Competition Commission of India approves the acquisition of 40 per cent stake of Royal Sundaram General Insurance Company to Ageas Insurance International N.V. (Bloomberg News)

 Lumax Auto Technologies board approved the merger of its wholly-owned arm-Lumax DK Auto Industries with self.

 Infosys: Likely to buy back shares again for $1.6 billion (Times of India).

The trend in FII flows:- The FIIs were Net Value of Rs 134.14 segment while the DIIs were Net Value of -488.55 the provisional figures.

Securities in Ban For Trade Date 24-DECEMBER-2018

1.Adanipower

2.Adanient 

3.Jetairways

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MARKET WRAP UP 21-DEC-2018

Closing Bell: Sensex plunges nearly 700 pts, Nifty below 10,800 amid global weakness.

Benchmark indices fell sharply on Friday, tracking the sharp correction in global peers after the threat of a US government shutdown and of further hikes in US borrowing costs.
The 30-share BSE Sensex slipped 689.60 points or 1.89 percent to 35,742.07 and the 50-share NSE Nifty plunged 197.70 points or 1.81 percent to 10,754.
IOC, UPL, Adani Ports, Maruti Suzuki and Indiabulls Housing were top losers among Nifty50 stocks, which fell 3.5-4.5 percent.
HPCL, BPCL, Coal India and NTPC were only gainers, up 1-2 per cent.
About two shares declined for every share rising on the BSE.
Shriram Transport, Cummins, NBCC, Ramco Cements, CES, L&T Finance Holdings, Manappuram Finance, Bharat Forge, MRPL, Karnataka Bank, Federal Bank, IndusInd Bank, Axis Bank and Yes Bank were down 1-5 percent.


HEADLINES OF THE DAY


Rupee trades near day's low at 70.14/USD
JPMorgan on TCS: Research house stayed neutral on the stock. It confident about FY20 despite looming macro headwinds.
Aurobindo Pharma receives USFDA approval: Aurobindo Pharma has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Potassium Chloride ExtendedRelease tablets, 8 mEq (600 mg) and 10 mEq (750 mg).
Oil prices tumble to lowest in more than a year as equities sell off
Voltas under pressure: Voltas shares declined 1.5 percent in morning on Friday after Motilal Oswal cut its earnings estimates for current as well as next financial year.

The crucial resistance for Nifty spot is now seen at 10880 and above this 10960 Support for the immediate term is now placed at 10620 next support will be 10500.

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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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Nifty likely to open lower 21-DEC-2018

Indian Indices: Nifty futures on Singaporean exchange are trading lower, mirroring the subdued sentiment as Wall Street witnessed selling pressure. This weighed on other Asian indices as well. The futures were trading at 10,970, a fall of 23 points on SGX Nifty.

Global Market:

Asian markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 1.78% while the Hang Seng is down 0.45%. The Shanghai Composite is not trading.

US Markets: Stock market sell-off continues as U.S. government shutdown looms.

European markets: European markets finished broadly lower today with shares in France leading the region. The CAC 40 is down 1.78% while Germany's DAX is off 1.44% and London's FTSE 100 is lower by 0.80%.

 Major Headlines of the day:

 Stocks To Watch

Dr Reddys Laboratories: Aquestive and Indivior said they would file a petition with the U.S. Court of Appeals for the Federal Circuit for hearing on the ruling to vacate the preliminary injunction that enjoined Dr. Reddys from launching its generic buprenorphine/naloxone sublingual film.

Punjab National Bank: CRISIL downgraded the ratings on various bonds of PNB to CRISIL AA+/CRISIL AA- from CRISIL AAA/CRISIL AA. Separately it has changed the outlook to  Stable from 'Rating Watch with Negative Implications'.  Bharti Airtel board approved the sale of up to 59.12 crore equity shares, representing 32 per cent stake of Bharti Infratel owned by the company to its arm Nettle Infrastructure Investments. After the deal, Bharti Airtel will own 18.33 per cent stake in its Infratel arm and Nettle Infrastructure Investments and the public will hold 35.18 per cent and 46.49 per cent, respectively. Infosys appointed Nilanjan Roy as company Chief Financial Officer with effect from March 1 2019, while Jayesh Sanghrajka will be the deputy CFO, from the same date. The tech company arm and Qatar National Bank also announced the implementation of digital banking solutions for the bank. NHPC said 520 MW power station in Himachal Pradesh would be under complete shutdown from three months with effect from Dec. 20 for repair and maintenance work. Bosch said it will close Karnataka Bidadi Plant from Dec. 28-29 due to a reduction in volumes seen, as a result of a decline in the customerâ requirement. The company said that there will be no financial impact on account of the proposed suspension of operations.

Power Finance Corporation board approved the proposal to buy Government of India entire shareholding in REC.

 Entertainment Network (India) said due to a fire breakout at Common Transmission Infrastructure at Mumbai, terrestrial broadcasting has been disrupted at the company Mumbai radio station and other private broadcasters in Mumbai.

Coal India said it would pay an interim dividend of Rs 7.25 per share aggregating to Rs 4,500 crore to its shareholders with an implied dividend yield of 3 percent. The company has fixed Dec. 31 as the record date.

 Indian Hume Pipe received letter of acceptance for constructions of drinking water supply projects worth Rs 502.89 crore in Andhra Pradesh for the state water supply corporation. The project will be completed within 24 months. Indiabulls Real Estate entered into an agreement with Blackstone to divest up to 50 per cent stake in two office assets in Gurugram at an aggregate value of Rs 464 crore. HT Media board approved to acquire a 25 percent stake in Next Mediaworks promoters for Rs 45.15 crore and to additionally acquire 26 per cent stake, by triggering an open offer to the public shareholders. The board also gave nod to acquire 48.6 per cent stake in Next Radio.

JSW Steel said it would infuse Rs 63.5 crore in Vardhaman Industries to pay the creditors as per the Resolution Plan by NCLT. The entire shareholding of Vardhaman Industries will be reduced by way of capital reduction and it will be delisted. Artemis Global Lifesciences received NCLT direction to conduct meetings with shareholder and creditors on Jan. 27 for the amalgamation of the company and its three arms.

CARE Ratings received the SEBI notice for the conduct of adjudication proceedings in relation to credit ratings assigned to Infrastructure Leasing & Financial Services Ltd. and one of its subsidiaries. Infrastructure Leasing & Financial Services sought expression of interests for monetization of education business and Alternative Investment Fund management business. AIF business manages assets worth Rs 13,340 crore.

 Escorts Group increased its stake in Optunia Power Infrastructure from 49 per cent to 99 per cent, by acquiring 2.94 crore shares at face value of Rs 10 per share. Mercator sold vessel for $7.6 million and said that proceeds of this sale would be used to reduce debt and liabilities.

Time Technoplast received power cable-ducts orders worth Rs 150 crore from various EPC Contractors.

Mayur Uniquoters CFO Manish Kumar Dwivedi resigned from his post with effect from Dec. 19.

Tata Consultancy Services implemented payments operations solutions for Japan-based-MUFG Bank.

HCL Technologies partnered with Israel based Cloudify to bring 5G network solutions to telecom providers.

Infibeam Avenues and IBM India executed the agreement to develop, implement and promote blockchain applications to Indian clients on Linux platform.  Dhanuka Agritech board determined buy-back of 13.12 per cent of equity share capital at a price of Rs 550 per share aggregating to Rs 82.5 crore. Borosil Glass Works board approved winding up of Dubai arm Borosil Afrasia FZE...

Trend in FII flows:- The FIIs were Net Value of Rs -386.44 segment while the DIIs were Net Value of 87.96 the provisional figures.

Securities in Ban For Trade Date 21-DECEMBER-2018

1.Adanipower

2.Adanient 

3.Jetairways

4.Relcapital 

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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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