Wednesday, 18 July 2018

PNC Infra surges after Karnataka order win

Constructions engineering company PNC Infratech rose over 3% after bagging an order worth Rs1,157cr for a highway project in Karnataka, according top a BSE filing.

The company announced the signing of a concession agreement on 16 July 2018 between National Highways Authority of India and Special Purpose Vehicle incorporated for the following Hybrid Annuity Mode (HAM) NH project, secured recently by the company.

Further, the project relates to four laning of Challakere to Hariyur section of NH 150 A and will be constructed in 24 months upon declaration of the appointed date and operated for 15 years, post construction.



OPTION PREMIUM CALL: BUY BAJFINANCE 2550 CALL ABOVE 48.00 TARGETS 55.00 / 65.00 / 80.00 STOPLOSS 40.00


FUTURE SUPREME CALL: SELL BANKINDIA BELOW 82.20 TARGETS 79.50 STOPLOSS 83.50

FUTURE SUPREME UPDATE: FIRE FIRE FIRE .....BANKINDIA SELL CALL FINAL TARGETS 79.50 HAS ACHIEVED BOOK FULL PROFIT CMP 79.35 (16200) .




Tuesday, 17 July 2018

DCB Bank Ltd's Q1FY19 standalone net profit rises 6.6% yoy to Rs69.50cr : In-line with Estimates

DCB Bank’s Q1FY19 NII has improved by 17.1% to Rs273cr against Rs 233.2 cr yoy. It’s net profit was in-line with the estimates, which has improved by 6.6% to Rs 69.5 cr against Rs 65.2 cr yoy. GNPA for Q1FY19 came at 1.86% against 1.79% qoq, which has increased by 7bps. NNPA for the quarter were flat qoq at 0.72%.
  • Net advances of the bank for Q1FY19 improved by 30.6% yoy to Rs21,243cr. The CD ratio of the bank for the quarter was at 84.86%.
  • Loan growth was driven by strong traction in the corporate (+48% yoy), AIB (+38% yoy) and SME (+43% yoy) books. Mortgages growth at 19% was lower than total advances growth. In the smaller segments, CV (+57% yoy) and Construction finance (+31% yoy) grew strongly.
  • The bank highlighted competition across all forms of retail lending.
  • Entire book is linked to MCLR, except some loans like CV and tractors, which are on a fixed rate basis. Bank has increased MCLR by ~16bp in last three months
  • As on Q1FY18 end, the bank deposits grew by 31% to Rs25,032cr.
  • Retail CASA & Retail Term Deposits continued to provide a stable resource base to the Bank. Retail deposits (including Agri and Inclusive Banking) were 75% of total deposits.
  • CASA ratio stood at 24.63% as on June 30, 2018. CASA per branch declined to Rs21.8cr vs. Rs22.3cr in 4QFY18.
  • Net interest margin for Q1FY19 was at 3.90% as against 4.23% for Q1FY18 and 4.09% for Q4FY18. Management stated that margins are under pressure, especially in Mortgage and Corporate Loan book.
  • Management reiterated that the NIM would not contract beyond 3.75-3.80%. Increase in T2 capital in 4QFY18 (at 9.85%) pushed up cost of funds in Q1FY19.
  • Although the bank met the overall PSL commitments, it fell short in the agriculture segment, wherein it bought PTC at low rates, impacting NIMs to some extent
  • Capital Adequacy Ratio (CAR) was at 15.55% as on June 30, 2018 with Tier I at 12.02% and Tier II at 3.53% as per Basel Ill norms.

FUTURE CALL: BUY FEDERALBNK ABOVE 75.30 TARGETS 75.80 / 76.50 / 77.50 STOPLOSS 74.70

FIRE FIRE FIRE......... FEDERALBNK BUY CALL FINAL TARGETS 77.50 HAS ACHIEVED BOOK FULL #PROFIT NEW HIGH 77.50. PROFIT (RS 12100)

GET 3 DAYS FREETRIAL IN ALL SEGMENTS: -https://goo.gl/yoJpf4

Monday, 16 July 2018

4 Stock Recommendations for July 16 to July 20, 2018


Stock PickObservation
CompanyNCC LtdThe stock is trading in a lower top-lower bottom chart structure and has witnessed a breakdown below its support levels. It has also shown bearish momentum on the weekly MACD-Histogram. Derivative data indicates fresh short formation.
Recommendation
Buy or SellSell (July Futures)
RangeRs88.5-89.5
TargetRs83
Stop LossRs93.1
Duration1 week
200-D-EMARs111
NSE Code NCC
 
Stock PickObservation
CompanyAmbuja Cements LtdThe stock is trading in a lower top-lower bottom structure on the daily chart. Derivate data indicates fresh short formation in the stock.
The stock has also witnessed a bearish crossover on the daily MACD-Histogram, which affirms our negative view on it.
Recommendation
Buy or SellSell (July Futures)
RangeRs197.8-199.8
TargetRs186
Stop LossRs206.4
Duration1 week
200 D-EMARs236
NSE CodeAMBUJACEM
 
Stock PickObservation
CompanySanofi India LtdThe stock has witnessed a breakout from its sideways consolidation on the weekly chart backed by an uptick in volumes. It has also shown positive momentum on the daily and weekly MACD-Histogram. We expect the positive momentum to continue in the following week and recommend a buy with a target of Rs5,810.
Recommendation
Buy or SellBuy  
RangeRs5460-5510
TargetRs5810
Stop LossRs5260
Duration1 week
200 D-EMARs4847
NSE CodeSANOFI
Company Name - Tata Chemicals - BUY
CMP: Rs706; Target; Rs826; Upside: 17%
 
Tata Chemicals Ltd (TCL), the third-largest producer of soda ash globally, stands to benefit from the rising end-user industry demand. This would aid maintain margins under this segment. A greenfield project with an investment of Rs270cr for biotechnology manufacturing unit (~5k MT) of food ingredients and formulations in Nellore, Andhra Pradesh, augurs well for TCL. TCL has planned to foray into highly dispersible silica business with an investment of Rs295cr. This would enhance its margin and diversify its portfolio under the specialty business. 


We estimate revenue to grow at 9% CAGR led by higher volumes under soda ash and new product launches under consumer business in FY18-20E. We expect EBITDA CAGR of 11% over FY18-20E with an increase in margin by ~90bps to 22.2% in FY20E. However, we expect moderate rise in PAT on account of higher effective tax rate. 

NIFTY FUTURE TIPS

Saturday, 14 July 2018

Aurobindo Pharma makes €74mn acquisition in 5 European countries

Hyderabad-headquartered Aurobindo Pharma has entered into an agreement with Canadian pharmaceutical company Apotex International to acquire its operations in five European countries the Netherlands, Belgium, Spain, Poland, and Czech Republic. This is in line with Aurobindo’s strategy to expand its business to Eastern Europe.

In Poland, Aurobindo will add significant sales based on the established brand name “APO” as well as a dedicated sales force covering physicians and the pharmacy network. Additionally, in Poland and the Czech Republic, the Indian pharma giant will become one of the top 15 generics (Gx) companies.


STOCK TIPS TODAY

Friday, 13 July 2018

Infosys stock gains ahead of Q1FY19 numbers

Shares of Infosys gained over 1% in morning trade. The IT company will announce its June quarter earnings later in the day.

Consensus expectations for Q1FY19E:
  • Revenue – Rs19,097cr, up 5.6% qoq aided by a pick‐up in BFSI
  • EBIT – Rs4,540cr, up 1.5% qoq
  • EBIT Margin – 23.8%, contraction of 95bps qoq due to headwinds from wage hikes and visa impact
  • PAT – Rs3,727cr, up 1% qoq 
The stock price is currently trading at Rs1,311 up by Rs16.4 or 1.27% from its previous closing of Rs1,294.60 on the BSE.

The scrip opened at Rs1,310 and has touched a high and low of Rs1,319.45 and Rs1,308.05 respectively. So far 17,16,500 (NSE+BSE) shares were traded on the counter.



Wednesday, 11 July 2018

Domestic automobiles soar 25% yoy in June 2018 as low base steers growth

NSE BSE TIPS 11-July-2018


Domestic vehicle volumes surged 25% yoy in June 2018 as each category of vehicles reported strong growth in excess of 22% yoy. 3Ws led the charge with 56% yoy growth followed by CVs at 42% yoy. CVs benefited from an uptick in infrastructure and consumption related growth. 


Two wheeler sales were up 22% yoy as rural demand remained strong on the back of two successive monsoons. The passenger vehicles segment saw volume growth of 38% yoy with UVs leading the way with 47% yoy growth. 

On the whole, volume growth for the domestic automobile sector was up 25% yoy in June 2018 led by weak base of last year, which saw disruptions due to GST and BS-IV implementation. 
CategoryJune 2018yoy (%)
PCs183,88534
UVs73,65447
Vans16,22036
Total PVs273,75938
CVs80,62442
3Ws56,88456
2Ws18,67,88422
Grand Total22,79,15125

Tuesday, 10 July 2018

TCS Q1FY19E Result Expectation@Stock tips

TCS Q1FY19E Result Expectation:

Consensus expectations for Q1FY19E
Revenue – Rs33,961cr, up by 5.9% qoq aided by a pick‐up in retail after a weak FY18 and ramp up from insurance deals
EBIT – Rs8,269cr, up by 1.5% qoq
EBIT Margin – 24.3%, contraction of 107bps qoq as headwinds from cross currency and wage hikes offset INR depreciation
PAT – Rs6,958cr, up by 2.3% yoy

Q4FY18 performance highlights:
Revenue –  Rs32,075cr, up by 3.8% qoq, on the back of robust growth in mid-size verticals
EBIT – Rs8,147cr
EBIT Margin – 25.4%
PAT – Rs6,904cr

Remarks:
Key monitorable would be demand outlook for BFS vertical in US.
Progress of recently won large deals would be key.
Quantum of digital deals and deal pipeline.



Monday, 9 July 2018

HDFC Bank's deposit growth at 20% yoy in Q1FY19


HDFC Bank
HDFC Bank’s advances aggregated to ~Rs7.08lakh cr as of June 30, 2018, as compared to Rs5.81lakh cr as of June 30, 2017, and Rs6.5lakh cr as of March 31, 2018.

The bank deposits, meanwhile, aggregated to ~Rs8.06lakh cr as of June 30, 2018, compared to Rs6.71lakh cr as of June 30, 2017, and Rs7.89lakh cr as of March 31, 2018.

The bank’s CASA ratio at June-end of 2018 stood at ~41% compared to 44% as of June 30, 2017, and 43.5% as of March 31, 2018.

During the quarter ended June 30, 2018, the bank purchased loans aggregating Rs9,700cr through the direct assignment route under the home loan arrangement with Housing Development Finance Corporation (HDFC) Ltd.

HDFC Bank share price is currently at Rs2,126.60, up Rs12.55, or 0.59%, from its previous close of Rs2,114.05 on the BSE.



Friday, 6 July 2018

Trump’s tweets answered as Saudis lower most oil pricing

Saudi Arabia cut pricing for August sales of its light oil grade to Asia as the world’s biggest crude exporter is increasing production to assure buyers there is sufficient supply following US President Donald Trump’s demands that OPEC does more to stabilize oil markets.

Oil extended losses after state-owned Saudi Arabian Oil Co. cut most pricing for Asian, European and US markets. The company, known as Saudi Aramco, cut its official selling prices for Arab Light crude to buyers in Asia to $1.90 a barrel above the Middle East benchmark, the company said in an emailed price list on Thursday.




The 20-cent reduction was the first cut in four months from the highest since July 2014 and matched expectations of four traders in a Bloomberg survey.

REDUCE PRICING NOW!” Trump tweeted on Wednesday, demanding that the Organization of Petroleum Exporting Countries (OPEC) do more to help reduce US gasoline costs.

Trump said on Sunday that OPEC should put 2mn barrels more on the market to make up for the coming shortfall in Iranian crude sales due to sanctions.


Thursday, 5 July 2018

10 Stocks that have witnessed maximum change in its Put-Call ratio

Put-Call ratio is calculated either on the basis of options trading volumes or on the basis of the open interest for a particular period.  If the ratio is more than 1, it means that more puts have been traded during the day and if it is less than 1, it means more calls have been traded. The PCR can be calculated for the options segment as a whole, which includes individual stocks as well as indices. 

Following is the list of stocks that have witnessed the maximum change in its put-call ratio in terms of open interest and volume in yesterday's trade:
PCR Open Interest
UnderlineCurrentPrevious% Change
KAJARIACER0.240.69(0.66)
BRITANNIA0.560.340.65
BAJAJ-AUTO0.550.350.60
BANKNIFTY1.190.790.50
MARUTI0.990.660.50
MRPL1.010.680.48
JUSTDIAL0.920.630.47
CIPLA0.560.95(0.41)
VGUARD0.440.69(0.36)
KSCL0.210.34(0.36)
PCR Volume
UnderlineCurrentPrevious% Change
MRPL5.800.1536.70
CANFINHOME1.470.187.26
IFCI0.480.085.37
BRITANNIA1.330.225.04
MANAPPURAM0.800.183.52
RPOWER0.940.242.87
SREINFRA1.260.332.85
UBL0.230.062.65
CGPOWER0.620.202.16
TVSMOTOR0.260.111.39