Opening Bell By CapitalStars 09/August/2019

CS NIFTY FUTURES (AUG) OVERVIEW

TREND BEARISH

RES 2: 11400

RES 1: 11250

SUP 1: 10950

SUP 2: 10800

CS BANK NIFTY FUTURES (AUG) OVERVIEW

TREND BEARISH 

RES 2: 28820

RES 1: 28600

SUP 1: 28000

SUP 2: 27800

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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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Closing Bell By CapitalStars 08/August/2019

DAILY NIFTY SMART MOVERS 
SCRIPTS PRICE PRE. CLOSE CHANGE (%) CHANGE (Rs.) VOLUME 
Aurobindo Pharma
598.00 555.00 7.75 43.00 983.12
HCL Tech.
1094.00 1022.30 7.01 71.70 130.63
Tata Motors - DVR
58.60 55.00 6.55 3.60 624.90
Tata Motors
123.95 117.40 5.58 6.55 2522.17
JSW Steel
221.75 212.10 4.55 9.65 413.44


DAILY NIFTY TOP LAGGARDS
SCRIPTS PRICE PRE. CLOSE CHANGE (%) CHANGE (Rs.) VOLUME
Cummins India
602.50 652.65 -7.68 -50.15 104.20
Tata Steel
367.40 381.80 -3.77 -14.40 1269.54
Cipla
503.30 519.00 -3.03 -15.70 166.88
Lupin
761.20 781.75 -2.63 -20.55 175.72
Ultratech Cement
4231.70 4343.45 -2.57 -111.75 54.57


BEST CALL OF THE DAY (FINAL TG )

OPTION PREMIUM 

BUY AUROPHARMA CALL 580 FINAL TGT 

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HNI CASH 

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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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CORPORATE NEWS By CapitalStars 01/August/2019

Marico's adj. PAT up 26% yoy to Rs320cr for Q1FY20

Marico reported strong earnings growth for Q1FY20. 

Revenue from operations grew 7% yoy to Rs2,166cr with an underlying domestic volume growth of 6% and constant currency growth of 7% in the international business.There was a one-time trade inventory correction in the Gulf business. Adjusting for the same, constant currency growth in the International business stood at 9%.

Easing raw material costs in the domestic and key overseas markets led to gross margin expansion of 524bps on a yoy basis.

EBITDA margin expanded 324 bps, as the Company stepped up A&P spends by 32% to support its core and new franchises.

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.

CEAT's PAT for Q1 up 15.1% yoy at Rs82cr

For Q1FY20, CEAT's net revenue from operations increased by 1.7% yoy at Rs1,752cr from Rs1,722cr in Q1FY19.

Gross margin contracted to 39.5% from 39.9%.

EBITDA stood at Rs172cr in Q1FY20 vs. Rs181cr in Q1FY19; margins came in at 9.8% during the quarter under review from 10.5% in the corresponding quarter previous year.

The company's PAT for Q1FY20 came in at Rs82cr compared to Rs71cr in Q1FY19.

Debt / equity stood at 0.57x compared to 0.28x in Q1FY19.

Biocon, Mylan launch first Trastuzumab Biosimilar, Ogivri, in Australia

Biocon Ltd. and Mylan N.V. announced the launch in Australia of Ogivri (trastuzumab), a biosimilar to Herceptin 1 (trastuzumab), for the treatment of HER2-overexpressing breast cancer and metastatic stomach cancer (gastric or gastroesophageal junction adenocarcinoma).

Ogivri is the first trastuzumab biosimilar approved and launched in Australia and available on the Pharmaceutical Benefits Scheme (PBS). Biosimilars generate savings that help manage the growing costs of Australia health care system, particularly the PBS. They enable greater patientâ access to necessary treatments and free up funding for the listing of the latest treatments.

Godrej Consumer Products up 2%; reports Rs291cr adj. PAT for Q1FY20

Godrej Consumer Products reported its Q1FY20 numbers today.

The cons. net profit came in at Rs408cr, just 1% yoy higher than that in Q1FY19. Without exceptional and one-off items, it stood at Rs291cr and vs. Rs313cr in Q1FY20.

The company's net sales on a constant currency basis grew 4% yoy. Its India business sales grew 1% yoy and 5% yoy in volume terms.

International business sales grew 9% yoy, on a constant currency basis

The consolidated constant currency EBITDA rose 8% yoy to Rs301cr.

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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/Jun/2019

Cyient acquires rail Cybersecurity Company Cylus

Cyient, in its press note to the exchanges, informed that the company has acquired Rail Cybersecurity Company Cylus via strategic investment.

"This investment is in line with the company focus on developing smarter and safer mobility solutions for the rail industry," the company said in a press note after markets hours to the exchanges on Thursday.

The move enables Cyient and Cylus to expand their industry-specific cybersecurity value proposition, jointly address market needs, and accelerate the development of cutting-edge cybersecurity solutions for rail. Israel-based Cylus is the developer of CylusOneTM, a cybersecurity software product, designed for mainline and urban rail systems.

CCI approves Schneider Electric India, MacRitchie's acquisition of L&T arm

The Competition Commission of India has published the order approving the acquisition of electrical and automation (EA) business of Larsen & Toubro Limited (L&T) by Schneider Electric India Private Limited (Schneider) and MacRitchie Investments Pte. Ltd. (MacRitchie), according to a statement released by the PIB.

The Ministry of Corporate Affairs (MCA), however, stated that the acquisition may lead to less competition in the market.

Therefore, CCI has ordered the acquirers to reserve a part of L&T's installed capacity to offer white labelling services to third party competitors. This facility would be available in respect of five high market share LV switchgears, which are generally used together in LV panels. Under the white labelling services, the third party competitors can take L&T products on a reasonable price for selling under their own brand, for a period of five years.

JSW Steel to acquire entire issued and paid-up share capital of Piombino Steel

JSW Steel in its filing to the exchanges informed that the company has agreed to acquire entire stake of Piombino Steel Limited from JSW Techno Projects Management Limited.

"The company has agreed to acquire, by itself and through its nominees, 10,000 shares of INR 10/- each, comprising the entire issued and paid-up share capital, of Piombino Steel Limited from JSW Techno Projects Management Limited," JSW Steel said in a press note after markets hours to the exchanges on Thursday.

Wipro names Rishad Premji as executive chairman; Azim Premji to retire on July 30

Wipro Ltd said on Thursday that founder Azim H Premji would retire as executive chairman and managing director (MD) by the end of July and named Chief Executive Officer Abidali Z Neemuchwala as its new MD.

The appointment of Azim H Premji as Non-Executive Director for a period of 5 years with effect from July 31, 2019, to July 30, 2024, and conferred him with the title of Founder Chairman of the Company. Azim H Premji will retire from his current position as Executive Chairman and Managing Director effective July 30, 2019, the IT Company said in the filing. 

Eros Media declines 13% after CARE Rating downgrades

Eros Media declined 13% on Friday after the company clarified that CARE Ratings downgraded the company's rating on account of a delay in servicing of Bank loans for the month of April 2019 and May 2019.

CARE Ratings has lowered the long-term loan facilities of the company to or default from BBB-, a plunge in grades by several notches reminiscent of the sharp downgrades at infrastructure conglomerate IL&FS, the company said in a press note on Thursday.

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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