Closing Bell By CapitalStars 13/August/2019

DAILY NIFTY SMART MOVERS 

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

Indiabulls Housing

573.65 505.55 13.47 68.10 2068.34

Reliance Industries

1275.00 1162.00 9.72 113.00 2091.82

Sun Pharma Inds.

437.55 421.90 3.71 15.65 903.98

Page Industries

18003.40 17677.80 1.84 325.60 2.71

GAIL India

125.75 123.70 1.66 2.05 442.89

DAILY NIFTY TOP LAGGARDS

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

BHEL

50.55 56.90 -11.16 -6.35 2668.79

Yes Bank

73.60 82.10 -10.35 -8.50 13321.31

Motherson Sumi Sys

97.25 106.80 -8.94 -9.55 1066.82

Divis Lab

1520.00 1665.50 -8.74 -145.50 233.87

Mah & Mah Finl. Serv

298.15 319.10 -6.57 -20.95 130.09

BEST CALL OF THE DAY (FINAL TG )

HNI OPTION 

BUY M&M PUT 530 FINAL TGT 

OPTION PREMIUM 

BUY RELIANCE CALL 1260 FINAL TGT 

NIFTY FUTURE 

SELL NIFTY FUT FINAL TGT 

OPTION STRATEGY 

BUY MUTHOOTFIN PUT 620 FINAL TGT 

INDEX OPTION 

BUY NIFTY PUT 11500 FINAL TGT 

BLUECHIP FUTURE 

BUY RELIANCE FUT FINAL TGT 

FUTURE INTRADAY 

SELL CADILAHC FUT FINAL TGT 

FUTURE PREMIUM 

SELL JUSTDIAL FUT FINAL TGT 

CASH INTRADAY 

BUY RELIANCE IN CASH ALMOST FINAL TGT

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Market Live By CapitalStars 13/August/2019

Nifty likely to open flat.

The Nifty50 is expected to open flat on Tuesday following Asian markets which were trading largely mixed as fears about a drawn-out Sino-US trade war, protests in Hong Kong and a crash in Argentina peso currency drove investors to safe harbours like bonds, gold, and the yen. The sentiment was already weak due to increasing signs that the United States and China will not quickly resolve their year-long trade war, said a Reuters report. Markets were hit with further turbulence after protesters managed to close down Hong Kong airport on Monday, it said. Trends on SGX Nifty indicate a positive opening for the broader index in India, with 0.32 percent gain or 35.5 points. Nifty futures were trading around 11,125-level on the Singaporean Exchange.

Global Market:

Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.66% while the Hang Seng is down 1.38%. The Nikkei 225 is not trading.

US Markets: North and South American markets finished sharply lower today with shares in Brazil leading the region. The Bovespa is down 2.11% while Mexico's IPC is off 1.41% and U.S.'s S&P 500 is lower by 1.22%.

European Markets: European markets finished lower today with shares in London leading the region. The FTSE 100 is down 0.37% while France's CAC 40 is off 0.33% and Germany's DAX is lower by 0.12%.

Major Headlines of the day:

Rupee stands at 71.14 per dollar.

Saudi Aramco and Reliance Industries sign non-binding LoI to acquire a 20% stake in company oil & chemicals division Saudi Aramco potential 20% stake is based upon an Enterprise Value of US$ 75bn for the O2C division.

Syndicate Bank revises its MCLR rate; reduces it by 25bps The bank will continuously work towards offering a greater reduction in various products in the coming days based on external market benchmarks.

Earnings Reaction To Watch

BHARATFORGE

BLUESTAR

COALINDIA

GLENMARK

GNFC

GODREJIND

MANNAPURAM FIN

ONGC

RITES

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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 13/August/2019

CS NIFTY FUTURES (AUG) OVERVIEW

TREND BEARISH

RES 2: 11420

RES 1: 11250

SUP 1: 11000

SUP 2: 10900

CS BANK NIFTY FUTURES (AUG) OVERVIEW

TREND BEARISH 

RES 2: 28900

RES 1: 28750

SUP 1: 28200

SUP 2: 28000

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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 09/August/2019

MRF zooms ~5% as cons. PAT rises 3% yoy to Rs273.3cr in Q1FY20

Shares of tyre major MRF are trading ~5% higher after reporting Q1 results for the quarter ended June 2019.

The company's consolidated net profit rose 3% yoy to Rs273.3cr against Rs260.7cr.

Its revenue grew 16.5% yoy at Rs4, 471cr vs. Rs3, 836.3cr.

EBITDA rose 6.3% yoy at Rs612.3cr and EBDITA margin was at 13.7%.

Alembic Pharma gets USFDA tentative approval for Bimatoprost Ophthalmic Solution, 0.01%

Alembic Pharmaceuticals Limited announced that the Company has received tentative approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Bimatoprost Ophthalmic Solution, 0.01%. The tentatively approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), LUMIGAN ophthalmic solution 0.01%, of Allergan Inc. Bimatoprost Ophthalmic Solution, 0.01% is indicated for the reduction of elevated intraocular pressure in patients with open angle glaucoma or ocular hypertension.

Bimatoprost Ophthalmic Solution, 0.01% has an estimated market size of $704mn for twelve months ending December 2018 according to IQVIA.

Mahanagar Gas reports ~33% yoy jump in PAT for Q1FY20

Shares of Mahanagar Gas are down ~3% after opening up 2% in early trade. The company posted its Q1FY20 results on Thursday.

Mahanagar Gas' net profit rose 32.66% yoy to Rs170.24cr in the quarter under review.

Revenue went up on 22.55% yoy at Rs777.83cr for the June quarter.

The board in its meeting also approved the appointment of Dr. Ashutosh Karnatak as an additional Director (Non-Executive & Non Independent) and Chairman of the Company effective from August 01, 2019.

Britannia Ind. adjusted PAT up 3% yoy to Rs267cr in Q1FY20

Britannia Industries Ltd. (BIL), India leading Food Company, reported its Q1FY20 results today. The company's consolidated revenue rose 6% yoy for the quarter to Rs2, 677cr.

Adjusted Net Profit increased by 3% yoy to Rs267cr (Reported Net profit at Rs251cr).On the cost front, the company witnessed moderate inflation in the prices of key raw materials for the bakery business. However, the inordinate rise in milk prices impacted profitability of the company's Dairy business adversely.

Cadila Healthcare's Q1FY20 PAT falls 34% yoy in Q1FY20 to Rs303cr

Zydus Cadila announced its Q1FY20 results today.For the first quarter ended June 30, 2019, the company's consolidated net profit was down 34% yoy at Rs303.6cr against Rs 460.5cr.

Its revenue was up 20.8% yoy at Rs3, 496.3cr against Rs2, 893.7cr.

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

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Closing Bell By CapitalStars 09/August/2019

DAILY NIFTY SMART MOVERS 

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

Indiabulls Housing

505.55 444.35 13.77 61.20 2382.95

Motherson Sumi Sys

106.80 98.35 8.59 8.45 912.56

Mah & Mah Finl. Serv

319.00 300.95 6.00 18.05 259.38

Eicher Motors

17600.05 16800.40 4.76 799.65 6.82

RBL Bank

384.20 367.35 4.59 16.85 915.92

DAILY NIFTY TOP LAGGARDS

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

Yes Bank

82.10 89.15 -7.91 -7.05 14061.57

Page Industries

17625.00 18477.35 -4.61 -852.35 5.69

Cipla

485.20 503.30 -3.60 -18.10 1038.70

Hindalco

176.60 181.05 -2.46 -4.45 941.92

Tech Mahindra

664.50 680.65 -2.37 -16.15 99.48

BEST CALL OF THE DAY (FINAL TG )

NIFTY FUTURE 

BUY NIFTY FUT FINAL TGT 

HNI FUTURE 

BUY MARUTI 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 09/August/2019

Nifty likely to open flat-to-higher

The Nifty50 is expected to open flat-to-higher on Friday following positive trend seen in other Asian markets, but fresh concerns about Sino-US trade ties are likely to limit gains in the region. Weighing on risk appetite was a report from Bloomberg that Washington is delaying a decision about licenses for U.S. firms to restart trade with Huawei Technologies, said a Reuters report. On Wall Street, the S&P 500 registered its largest one-day percentage gain in about two months on Thursday, with the Dow and the Nasdaq also climbed more than 1 percent, added the report. Trends on SGX Nifty indicate a flat to positive opening for the broader index in India, with 0.09 percent gain or 10 points. Nifty futures were trading around 11,081-level on the Singaporean Exchange.

Global Market:

Asian Markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.74% while the Hang Seng is down 0.40%. The Shanghai Composite is not trading.

US Markets: North and South American markets finished broadly higher today with shares in Brazil leading the region. The Bovespa is up 1.91% while U.S.'s S&P 500 is up 1.88% and Mexico's IPC is up 0.02%.

European Markets: European markets closed sharply higher today with shares in France leading the region. The CAC 40 is up 2.31% while Germany's DAX is up 1.68% and London's FTSE 100 is up 1.21%.

Major Headlines of the day:

Rupee stands at 70.55 per dollar.

Britannia Industries Q1FY20E Result Expectation Company is expected to report 10.5% yoy growth in revenue led by 6.5% yoy volume growth; commentary on new launches to look for.

Stellar debut: Affle (India) lists at 25% premium The stock opened at Rs926, around 25% higher against the issue price on the National Stock Exchange (NSE) and touched a high and a low of Rs958.7 and Rs750 respectively.

India's domestic air passenger traffic rose 7.9% yoy in June 2019: IATA All regions recorded an increase in growth, led by airlines in Africa with capacity increasing 3.4% and load factor increasing by 1.6% to 83.8% in June 2019.

Aurobindo Pharma posts 39.5% rise in cons. net profit at Rs635.8cr Revenue from operations rose 28.1% yoy to Rs5,444.6cr during the quarter under review from Rs4,250cr in the corresponding quarter of the previous year.

Earnings Reaction To Watch

BHEL

BPCL

BRITANNIA

CADILAHC

GAIL

HINDALCO

MRF

NATCO PHARMA

NCC

OIL INDIA

PC JEWELLER

SHREE CEMENTS

SOBHA

SPICEJET

SUNTV

Trend in FII flows:- The FIIs were Net Value of Rs -437.39 segment while the DIIs were Net Value of 291.29 the provisional figures.

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

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CORPORATE NEWS By CapitalStars 08/August/2019

Thermax stock gains ~3% after net profit up 29% in Q1

For the first quarter of FY19-20, at the consolidated level, Thermax's profit after tax for the quarter was higher by 29% at Rs63cr vs. Rs49cr in Q1FY19. Revenue was up 34% at Rs1, 392cr as compared to Rs1, 035cr in the corresponding quarter last year.

As on June 30, 2019, Thermax Group's order balance was down 18% at Rs5, 250cr vs. Rs6, 420cr in FY19. Order booking for the quarter was 26% lower at Rs1, 217cr on account of slowdown in investment sentiment witnessed in both domestic and international markets.

Cipla down 3% after muted Q1 nos, brokerage downgrades

Shares of Cipla fell 3% intraday and is currently trading 4% down after the pharma major reported weak numbers for the June quarter yesterday.

The pharma company's revenue declined in India and South Africa, which account for ~50% of its sales.Further, media reports stated that international brokerage firm CLSA downgraded Cipla to "sell" from "outperform" and cut the target price on the stock to Rs460 from Rs600.

CLSA also cut EPS (earning per share) estimates over FY20-22 by 9-14% owing to the absence of a near-term catalyst.

Maruti Suzuki cuts production by 25% yoy for 6th month in a row in July

Maruti Suzuki India cut its production in July by by 25.15% yoy, making it the sixth month in a row that the country's largest car maker reduced its output.

The company produced a total of 1, 33,625 units in July, compared with 1, 78,533 units in the year-ago month, according to the co's filing on the BSE.

Passenger vehicles' production last month stood at 1, 30,541 units as against 1,75,456 units in July 2018, a decline of 25.6% yoy.

Siemens stock soars 4.5% after Q3FY19 profit up by 21.4%

For the third quarter of Financial Year 2019 ended June 30, 2019, Siemens Ltd. registered profit after tax at Rs248cr, with an increase of 21.4 % over the same quarter last year. Revenue stood at Rs3, 110cr, a 4.9% increase over the same quarter in the preceding year.The company new orders stood at Rs3, 023, registering a 6.4% increase over the same quarter last year.

Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd., said, We have delivered very solid results in the third quarter although we see a slowdown in capex related ordering by our customers, both public and private, and across our market verticals. Liquidity is becoming a concern in the industry, with payments being delayed and inventory offtake slowing down. In this scenario, our focus continues driving our short term and digitalization businesses with a clear focus on profitable growth and working capital management.

Tata Steel divests 70% in Thailand arm to Synergy Metals & Mining Fund

Tata Steel's board on Wednesday approved of signing of a memorandum of understanding (MoU) with Dubai-based Synergy Metals and Mining Fund to divest 70% of its stake in Tata Steel Thailand. 

Synergy Metals and Mining Fund is a private equity fund focussed on investments in the metals, mining, and natural resources sectors.The approval comes a day after Tata Steel announced that it will no longer be selling its South East Asian units including NatSteel and Tata Steel Thailand to China's Hesteel with which it had signed definitive agreements in January for the same.

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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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Market Live By CapitalStars 08/August/2019

Nifty likely to open higher.

The Nifty50 is expected to open higher on Thursday following a mixed trend seen in other Asian markets. Overnight, US markets closed mostly higher but rising worries over a global economic downturn capped gains. The Dow Jones Industrial Average fell 22.45 points to 26,007.07, the S&P 500 gained 2.21 points to 2,883.98 and the Nasdaq Composite added 29.56 points to 7,862.83. Back home, the S&P BSE Sensex fell 286 points to 36,690 while the Nifty50 closed 92 points lower at 10,855 on Wednesday. Trends on SGX Nifty indicate a flat to positive opening for the broader index in India, with 0.04 percent gain or 4 points. Nifty futures were trading around 10,869-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 0.59% while the Hang Seng is up 0.37%. The Shanghai Composite is not trading.

US Markets: North and South American markets finished broadly higher today with shares in Mexico leading the region. The IPC is up 1.63% while Brazil's Bovespa is up 0.61% and U.S.'s S&P 500 is up 0.08%.

European Markets: European markets finished higher today with shares in Germany leading the region. The DAX is up 0.71% while France's CAC 40 is up 0.61% and London's FTSE 100 is up 0.38%.

Major Headlines of the day:

Rupee stands at 70.80 per dollar.

UltraTech Cement Q1FY20E Result Expectation Company is expected to report 18.5% yoy growth in revenue led by ~16% yoy volume growth; ramp-up of Binani Cement plans to aid the volume growth.

Srei Infrastructure reports 69% yoy fall in cons. PAT to Rs42.67cr in Q1FY20 Total consolidated income for the quarter ended June 30, 2019, was at Rs1,582.58cr as against Rs1,548.93cr recorded during the quarter ended June 30, 2018.

Aurobindo Pharma posts 39.5% rise in cons. net profit at Rs635.8cr Revenue from operations rose 28.1% yoy to Rs5,444.6cr during the quarter under review from Rs4,250cr in the corresponding quarter of the previous year.

Earnings Reaction To Watch

ADANI ENTERPRISE

ADANI TRANSPORT

EMAMI

GNFC

GODREJPROP

HEXAWARE

TATACHEM

THERMAX

UCO BANK

Trend in FII flows:- The FIIs were Net Value of Rs -383.66 segment while the DIIs were Net Value of 531.56 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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CORPORATE NEWS By CapitalStars 07/August/2019

Lupin up 2.5% as net profit jumps ~50% yoy in Q1FY20

Shares of Lupin Ltd. are currently up 2.5% on reporting Q1FY20 results.

In the quarter ended June 2019, sales came in at Rs4, 355cr compared to Rs4, 326cr in Q4FY19 (up 0.7% qoq) and Rs3, 775cr in Q1FY19 (up 15.4% yoy). 

EBITDA for the quarter was Rs932cr compared to Rs711cr in Q1FY19 up 31.1% yoy.

Consequently, net profits for the quarter came in at Rs303.1cr vs. Rs202.8cr in Q1FY19, up 49.5% yoy.

The co's investment in Research and Development for the quarter was Rs378.5cr, which accounts for 8.7% of sales.

SBI to reduce MCLR by 15bps from August 10 

Country largest lender State Bank of India (SBI) has announced the reduction in its MCLR by 15bps across all tenors The 1-year MCLR would come down to 8.25% p.a from 8.40% p.a. with effect from August 10, 2019. This is the fourth consecutive cut in MCLR in FY 2019-20.

With today MCLR cut, home loans have become cheaper by 35bps since April 10, 2019. Also, SBI is offering a Repo Linked Home Loan Product w.e.f July 1, 2019.

With today cut in the Policy rate, SBI effective Repo Linked Lending Rate (RLLR) for CC/ OD customers will stand revised to 7.65% w.e.f. September 01, 2019.

Cadila down 1% after USFDA classifies Moraiya unit as OAI

The company's filing on NSE read, "We wish to inform you that the Company has received a letter from the USFDA classifying the inspection conducted at the Company's Moraiya facility located at Ahmedabad, Gujarat from April, 22 2019 to May 3, 2019 as 'Official Action Indicated' (OAI). The Company believes that this classification will not have any impact on the current supplies or revenues of this facility."

The company is in the process of sending further updates of its corrective actions to the USFDA and remains hopeful of a positive outcome, it added.

Rain Industries closes Netherlands plant on eroding profits

Shares of Rain Industries rose 1% in the late morning trade on the BSE. The company said in the press release that Rain Carbon Inc., a leading global producer of carbon-based products, has approved the shutdown of its Uithoorn resins production facility in the Netherlands by the end of March 2020.

"In light of eroding profitability for hydrocarbon and C9 aromatic resins, particularly for printing inks and adhesives, our subsidiary RUTGERS Resins B.V. will cease production in Uithoorn by the end of the first quarter next year," said Rain Carbon President Gerry Sweeney.

Voltas net profit at Rs166cr in Q1FY20

Voltas Limited, the global air conditioning and engineering services provider of the Tata Group, today announced the Consolidated Financial Results (including the Consolidated Segment Report) for the quarter ended 30th June 2019.

The company's profit after tax was Rs166cr as compared to Rs187cr last year. The Consolidated Gross Sales / Income from Operations for the quarter ended June 30, 2019 was higher by 24%, at Rs2, 647cr as compared to Rs2, 134cr in the corresponding quarter last year.

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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 06/August/2019

Indigo co-founder refutes reports of truce with Rahul Bhatia

Interglobe Aviation is trading flat after falling sharply in opening trade after co-founder Rakesh Gangwal said that reports regarding truce within the company were untrue.

In a letter dated August 5 filed by the co. on the exchanges, Gangwal told the board of IndiGo's parent InterGlobe Aviation that issues between him and Bhatia are yet to be resolved.Gangwal said he did not back a proposal by the airline to expand its board of directors to 10.

Last month, Rakesh Gangwal accused Rahul Bhatia of violating corporate governance rules at InterGlobe, calling for Sebi to intervene.

InterGlobe has lost nearly $1bn in market value on July 10 after the rout broke out, however, shares have recovered most of those losses since then with Indigo posting stellar results for the quarter ended June 2019.

RBI Monetary Policy Preview: Expecting a 25bps rate cut

Since the last policy, data and trends emerging indicate that inflation continues to be stable and is trending on the lower side. Further, growth has been muted on account of visible consumption slowdown as well as subdued investment outlook. Despite a late start, we have seen that the monsoon has reasonably caught up, which should give a boost to agriculture and lead to the revival to some extent of consumption in rural India. Globally, we have seen negative yields in certain countries and overall interest rates are stable or dropping and growth has slowed.

Against this backdrop, the central bank is likely to cut the repo rate by 25 bps. It will be important to study the policy narrative to get a direction of likely future action by the RBI, liquidity measures, any other structural changes etc. Suffice it to say that inflation will be the central theme balanced with the need to boost growth.

Pidilite Industries' net profit rises 22.5% yoy to Rs294cr in Q1FY20

Shares of Pidilite Industries are trading higher by ~3% after the co. released its Q1FY20 results

The co.'s consolidated net profit rose 22.5% yoy to Rs294cr in the quarter vs, Rs240cr in Q1FY19.

Revenue rose 10% yoy to Rs2, 056cr in Q1FY20, mainly driven by Consumer and Bazaar Products (+9% yoy rise).

Torrent Power rises 4% on reporting 22% yoy jump in PAT for Q1FY20

Torrent Power is trading up over 4% after posting its Q1 results yesterday.

The company reported a 22% rise in consolidated net profit at Rs276.59cr for June quarter compared with year-ago period, mainly on the back of higher revenues.

The company's consolidated net profit for June quarter last year was at Rs227.32cr.

The company's total income in the quarter rose to Rs3, 790.61cr from Rs3, 580.42cr a year ago.

The shareholders also approved a proposal to raise up to Rs1, 500cr through issuance of non-convertible debentures on private placement basis.

DHFL jumps 10% after announcing draft resolution plan

Shares of DHFL surged 10% on the BSE in the noon trade.

The company said in a press note that the Special Committee has a draft proposal on resolution plan formulated by the company in consultation with the committee and its financial advisors viz., Ernst &Young; and also approved the submission of the said resolution plan to the lenders of the company.

PNB Housing Finance raises fresh USD75mn ECB from SMBC Singapore

PNB Housing Finance Limited, one of the leading housing finance companies, has raised fresh USD75mn ECB from Sumitomo Mitsui Banking Corporation (SMBC) Singapore.

The ECB (External Commercial Borrowing) is under the Reserve Bank automatic route of approval and the proceeds will be used by the Company as per the applicable RBI guidelines.

Sanjaya Gupta, Managing Director, PNB Housing Financial Ltd said, As we have mentioned a few days back, this is the second ECB borrowing of the Company for the FY2019-20.

Financial Advisory Company in Indore, Stock Advisory Company in Indore, Equity Tips, FreeTrading Tips ,  MCX Tips, sebi registered advisory company, Intraday stock tips, Free commodity tips

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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