ICICI Bank Q1 net profit slips 25%

Despite ICICI bank spooked Dalal Street before of its earnings on Friday. Higher provisioning for bad loans worth Rs.2,515 crore during the first quarter of the financial (Rs.955 crore in Q1 FY16) saw ICICI Bank’s net profit decline 25 per cent Y-o-Y to Rs.2,232 crore (Rs.2,976 crore in Q1 FY16) on standalone basis. As a result ICICI Bank share price went down by 3.30 % and opened with a decrease of 9.70 points.

Net interest income for the quarter increased to 0.8 per cent Y-o-Y to Rs.5,159 crore. Net interest margin (NIM) reduced 38 basis points to 3.16 per cent. MD and CEO, ICICI Bank, Chanda Kochhar disclosed that there are doubt in respect of few sectors because of low commodity prices, gradual nature of domestic recovery and high leverage and weak global economic environment. The bank has recognized power, mining, iron and steel, cement and rigs as the important segments in this context. The bank’s exposure to these sectors as a percentage of total exposure was reported at 5.4 per cent to power; 4 per cent to iron and steel; 1.6 per cent to mining; 1.2 per cent to cement; and 0.5 per cent to rigs. As per Q1 FY17, the bank employed Rs. 865.44 crore from the cumulative contingency and related reserve of Rs. 3,600 crore, which it developed during the last quarter, towards exposures to these sectors. The reserve created was more than the provisions it made for non-performing and restructured loans. The balance sheet size (total assets) on the basis standalone read at over Rs.7.27-lakh crore, which is up 13 per cent Y-o-Y. ICICI Bank share price is currently trading at Rs. 262.30.

Deposits saw a rise of 15 per cent to over Rs. 4.24-lakh crore. Among which, low-cost current account and savings account (CASA) deposits comprised 41.7 per cent, up 60 basis points Y-o-y. Advances again rose by 12 per cent to over Rs. 4.49-lakh crore. Gross non-performing assets increased 219 bps to 5.87 per cent on the other hand net NPA hiked 177 basis points to 3.35 per cent. According to Basel-III norms, the bank’s capital adequacy ratio stood at 16.22 per cent, down 15 bps.

ICICI Bank share price history

ICICI Bank share price met its 52 week high on 5^th August ’15 at Rs. 319.80 while the 52 week low read at Rs.180.75 on 26^th Feb16. For more information on the stock kindly refer to the ICICI Bank share price history.

Eicher Motors Share Price and Volume Experiences Magnific Boost

After the phenomenal quarterly results of the Royal Enfield and Commercial Vehicles segments, Eicher Motor share price hike close to 6%. The highlights of its earnings were the substantial operational improvement in both Royal Enfield and CV business. This has led Eicher Motors Share Price and volume experience a superb boost.

Eicher Motors Share Price made the lifetime high as Royal Enfield reported the highest ever margin at 30.8%. Eicher Motor’s CV margin improved by 90 basis points YoY to 9.1% and the market share of CV business rose to 15.1 percent from 13.2 percent YoY. The Volvo-Eicher Commercial Vehicle is all set to launch more models in the lower tonnage segment. There is likely to be a structural downward shift in the average selling prices which could be offset by higher market share in the heavier trucks driven by the new Pro series.

Royal Enfield as a standalone business has registered a strong 70% growth in profit at Rs 337 crore and 42% in revenue on the yearly basis. Operating profit shot up by 68%, and margin has seen the increase of 480 basis points at 30.8%, which will probably inch up further given the economies of scale at the vendors' end and ramp up in capacity.

During the quarter, Eicher Motors has expanded Royal Enfield dealer network to 566 dealerships across the country and opened stores in Manila, Philippines, one of the biggest 2-wheeler markets globally. The stock experienced the volume boost of 2.66 times. Eicher Motors share price was trading at Rs. 22,465.65 with a rise of about 7%. The scrip touched the Intraday high of Rs. 22,499 and the intraday low of Rs. 21,599. The stock is identified by Dynamic Levels among top 500 performers. For details on the stock, check theEicher Motor share price history page of the website.

Godrej Consumers share price remakes the New High

On 25th July 2016, Godrej Consumer share price touched a high of Rs. 1678.50 and redoes it again today, on 29th July 2016 touching Rs. 1689.90. The company also reported its result for the first quarter of FY17 and declaring the first interim dividend of 100% on the shares of face value Re.1. Currently, Godrej Consumers share price was trading with a drop.

Financial overview:

• 9% rise in the consolidated currency net sales
• Sales in India was flat due to stretched summer and late onset of monsoon
• International business sales up by 18% on constant currency basis
• EBITDA grew by 20% on constant currency basis, driven by 14% growth in Indian business (Rs. 205 crores) and 29% growth in International business
• Net profit and EPS without exceptional items rose by 18%. For India, the net profit stood at Rs. 152 crores.
• Revenue reported was Rs. 1,063.97 crores
• Other incomes went up to Rs. 12.08 crores
• EPS stood at Rs. 4.45 crores

The stock has also experienced the spurt in volume by 1.26 times. Although Godrej consumers share price made a new high, it was currently trading with a drop of about 2% at Rs. 1604.60. The scrip opened at Rs. 1641.95 and went as low as 1,598.75. The scrip witnessed a roller coaster ride in just one-day trading session. Dynamic Levels have identified Godrej Consumers among top 500 performing stocks for the quarter. The company has not reported any loss in last two-quarters, and its debt-equity ratio stands at 0.52 which is wonderful. The closest support level of the stock stands at Rs. 1580 and the closest resistance level is Rs. 1678.50. For more details on the support and resistance level of the stock, visit Godrej Consumers share price forecast page of the Dynamic Levels website. On the Godrej Consumers share price history page, there is a Ladder efficiently depicting more details on the stock.

Nifty Hits 15-Month High, Sensex Gains for 2nd Day

MUMBAI: The broader Nifty share price benefited by 50.50 points to kiss a brand new 15-month high at 8,666.30. Besides, stocks kept their winning run on for a second session as the Sensex gained over 184 points to 28,208.62, close to one-year high, on more optimistic signals on GST bill and enhancement in corporate earnings.

Maruti share price rose 4.47 per cent to Rs 4,762.70 after it made an announcement saying that it plans to have 250 Nexa outlets by the month of March. It also said that by 2020 the premium sales and service outlets were to contribute 15 per cent of the company's sales.

Asian Paints share price hit record high after soaring 6.14 per cent to Rs 1,126.95 following 18.46 per cent leap in consolidated net profit to Rs 552.56 cr. The company’s consolidated revenues grew by 9% (YoY) to Rs 3,640 cr while PAT grew 18 per cent and EBITDA grew 20 per cent.

Meanwhile, the Indian government reached out to leaders of numerous opposition parties, encompassing Samajwadi Party and Congress, over the disputative GST bill which is supposed to be taken up by Rajya Sabha in the coming week.

A chief market strategist said that low F&O rollovers indicated that sharp spikes lately might have prompted a wait-and-watch approach, especially with the outcome of GST and RBI monetary policy out in a fortnight.

Nifty share price after being shuttled between 8,674.70 and 8,625.25, settled 50.50 points or 0.59 per cent higher at 8,666.30, which is the highest closing since April 16 previous year at 8,706.70. Sensex further rose to hit a high of 28,240.20 before settling 184.29 points or 0.66 percent higher at 28,208.62, which is its highest closing since August 7 when it had closed at 28,236.39.

MCX share price rose 0.84 per cent to Rs 1,068.30 after the Indian government elevated the foreign investment limit in stock exchanges to as much as 15 per cent.

Asian stocks closed largely lower with Japan's Nikkei falling by 1.13 percent, while other indices such as Hong Kong, China, South Korea and Singapore motioned down by 0.20 percent to 0.62 percent. The markets in Europe were mixed with London's FTSE dipping 0.19 per cent, Frankfurt up 0.02 per cent and Paris' CAC down 0.14 per cent.

On Wednesday, the US Federal Reserve kept interest rates at ultra-low level after the culmination of a 2-day monetary policy meeting. The ultra-loose policy is anticipated to attract heavy investments into emerging developing markets.

Sugar Sector Surges,Govt mulls curbs on Sugar Sales

The Central Government is thinking about imposing stock limits for sugar millers as well as restrictions on domestic sales by fixing a quota on each mill, with the aim to tame retail prices, currently Rs 43 a kg.

Food Secretary of the Country Vrinda Sarup reviewed the price situation on Thursday (28th July 2016) in a video conference interaction with sugar producing and consuming states. After the meeting a senior Food Ministry official told the media the sugar prices were discussed in the meeting. Prices are rising because of tight supply situation created mostly by holding of stocks by millers. The government is looking at imposing stock limits on millers too and reintroduces monthly release mechanism.

Sugar prices are expected to remain under pressure due to an estimated supply gap of 3.5-4 million tonnes in the next marketing year starting from the month of October, former Agriculture Minister Sharad Pawar said. As per Mr. Pawar sugar production situation is good this year. He also added that in 2016-17, there will be 3.5-4 million tonnes gap in demand and supply.

Other than West Bengal, there is a stock holding limit on a dealer or trader for up to 500 tonnes for all states at present. The limit in Kolkata for a dealer/trader and extended areas of Bengal is 1,000 tonnes. The official further confirmed that the ministry is also considering the idea of reintroducing a release order mechanism, under which the central government decided how much each mill will sell sugar in the open market. The release order mechanism was scrapped in the year 2013 when the sugar industry was partially decontrolled. To curb price hike in sugar, the government has recently imposed 20 per cent export duty on sugar and withdrawn cane production subsidy to the mills.

Sugar prices have shown upward movement as domestic production is estimated to drop to 23-23.5 million tonnes in the marketing year 2016-17 (October-September), as against 25.1 million tonnes in the current year. Earlier during the day, former agriculture minister Sharad Pawar said that the prices were expected to remain under pressure due to an estimated supply gap of 3.5-4 mt in 2016-17.

As a result of this news, the sugar companies spiked up considerably. Shree Renuka share price is trading at Rs 18.55, up by 5.70 per cent. KCP Sugar share price is trading at Rs 43.75, up by 7.10 per cent. EID Parry share price is trading at Rs 259.50, up by 4.55 per cent.

Jet Airways Share Price Hikes, Becomes Top Gainer

Jet Airways Share Price surges as the crude oil price continues rolling down. Along with the Jet Airways, Spice Jet, and Inter Globe Aviation also edged higher. Speaking generally, the crude oil price losses have benefited the entire aviation sector. Low crude prices mean lowered prices for aviation fuels which typically consists 50% of the operating costs of airlines. In the Global Commodities Market, investors have reassessed UD data underlining the surplus in the petroleum. Also, Iraqi crude oil exports are also going up. This has led to the drop in crude oil prices.

Jet Airways share price is suddenly looking at the sky and was trading at Rs. 613.50 with a hike of over 4%. The scrip opened at Rs. 591.60 against its previous close of Rs. 588.70. It touched the intraday high of Rs. 616.80 and the intraday low of Rs. 590.50. The market cap of the stock is Rs. 6687.48 crores. The Average volume for 20 days is 1649965, and the Average daily movement stands at 23.88. The lifetime high and the 52 weeks high of Jet Airways Share Price is Rs. 1382.75 and Rs. 796.40 respectively.

Dynamic levels have identified Jet Airways among top 500 performers of the quarter. The company has not reported any loss in last two quarters and has a debt-equity ratio of -1.54. For more details on the stock, refer to the Ladder on the Jet Airways share price history page of Dynamic Levels website. For support and resistance levels of the stock, check Jet Airways share price forecast page.

DCB Bank Share Price Rises Almost 10% Intraday

DCB Bank share price spiked up by almost 10 per cent intraday, making a high of Rs 114.40. The share was kind of flat for the last few days, however, it surged up sharply since this morning.

DCB Bank Stock Fundamentals:

• The stock is currently trading at Rs 111.30, up by 7.23 per cent.
• The market cap of the Bank is Rs 2954.93 crore as of 29^th July 2016.
• The EPS (earnings per share) is Rs 1.65 for the quarter ended 30th June 2016.
• DCB Bank Share Price made a 52 week high of Rs 145.80 on 29^th September 2015 and a 52 week low of Rs 68.40 21^st January 2016.
• The stock made a lifetime high of Rs 169.90 on the 6^th December 2007 and a lifetime low of Rs 13.65 on the 9^th March 2009.

Since this morning 34,66,739 shares of DCB Bank have been traded on NSE so far. The average traded volume for the share for 20 days is 15,48,220. The lower price band is 83.05 and upper price band is 124.55. The total traded value is Rs 3,842.53 lacs intraday.

DCB Bank share price opened at Rs 104.50 from a previous closing of Rs 103.80. The intraday high and the intraday low are Rs 114.40 and Rs 104.25 respectively.

Dynamic Levels recommended a buy on DCB Bank on 20^th July 2016 at Rs 88-90 on 2nd May 2016 with a target of Rs 110 and the given target was achieved this morning.

Market cheers Spectacular show by Deep Industries

Deep Industries share price shot up by 5.7% after quarterly results were announced. It opened at Rs.196.55 and is current trading at Rs.199.50. Net sales/Income (top line) from operations increased over 200% to Rs.64.39 cr as compared to Rs.27.26 cr in the June quarter last year (YoY). The net profit (bottom line) was recorded to increase over 200% to Rs.16.31 cr against Rs.6.73 in the June quarter a year ago (YoY).     

Expenditure on consumption of raw materials for the June quarter stood at Rs.19.08 crore against Rs.5.53 crore in the last year in the same quarter. A minor increase in the employees cost was witnessed from Rs.3.24 crore to Rs.4.43 crore as compared to the June quarter last year (YoY). The EPS increased 2 times to Rs.5.59 cr since last year’s June quarter where it stood at Rs. 2.31 cr. 

However, other expenses reduced drastically. In the March quarter, other expenses amounted to Rs.11.32 crore while in the present quarter it reduced to Rs.3.17 crore. 

As per Dynamic Levels research Team, Deep Industries ranks amongst the Multibagger Stocks, out of the Top 500 Shares recognized at the end of every month. Deep Industries looks to be a great investment opportunity that can offer a good return. The company is traded in very high volumes and presently  612796 shares have been sold on NSE since morning. 

For more details on the fundamentals and financials of the stock, please visit Deep Industries share price history.

TNPL Share Price, Volume and Turnover Surges Big Time

Tamil Nadu Newsprint and Papers Ltd., has announced a turnover of Rs.744.84 crore for the quarter ended June 30, 2016, while the turnover was Rs.639.02 crore for the corresponding quarter of a year-ago. This marks an increase of 17%. As the company reported the surge in the volume, TNPL share price, and share volume also soared high.

During the period under review, the profit before tax stood at Rs.77.69 crore against Rs.66.38 crore in the same quarter last fiscal. Profit after tax at Rs.69.51 crore saw a 33 %growth over the equivalent period last year at Rs.52.25 crore. Printing and writing paper production during the quarter was 95,956 MT and sales were 1,16,003 MT. The production of paper boards is being increased as the company sees good demand for the product.

TNPL has reported 33 % growth in net profit for the first quarter of this year in comparison to the corresponding quarter of the previous year. The company reported the net profit of Rs. 69.51 crore against Rs. 52.25 crore of corresponding quarter last fiscal and the total income of Rs.756.42 crore against Rs. 647.63 crore in the same quarter last year.

Total expenses were up at Rs. 622.86 crores with an increase in power, fuel and water charges at Rs. 125.43 crores; materials consumed were valued at Rs. 225.65 crores and the employee benefits expenses growing to Rs. 63.29 crore. The company has produced 24,584 tonnes of paper board, and production is gradually growing up.

TNPL share price opened with a great rise of over 4.5% and by 10:00 A.M the stock was trading at Rs. 294.20 with a rise of 3.99%. The volume also went up 1.5 times. Dynamic Levels have recognized TNPL among the top 500 performers because of its strong fundamentals. For more details on TNPL, refer to the Ladder on the TNPL share price history page of the website.

Nifty Closes Above 8650 as GST seems a Reality

Indian Market Outlook:

Nifty ended the July F&O expiry on a strong note closing above 8660. July has seen the comeback of FII who have bought over Rs. 12000 crores worth of stocks in the cash market. The consensus amongst all political parties regarding GST is a strong indication that the bill might see the light of the day in Rajya Sabha next week. Nifty can see a sharp upside movement if it is able to sustain above 8650 and possible upsides targets could be 8800-8850 in the event of GST being cleared. The support of Nifty remains at 8565. Another major event to watch out for the day is the Bank of Japan Policy decision where investors would keenly watch for any sign of further stimulus.

The Top 5 gainers are Asian Paint, Infratel, Maruti, Eicher Motor and Bosch.

Nifty August Futures is expected to open flat at 8693 as per SGX Nifty at 8:00 am IST.

Open Interest Futures & Options Index Update:

On 28th of July, 

FII & Pro have sold 1909350 shares combined which is above the average of 705075. Important to note that yesterday was F&O expiry.

The total for the July expiry from the 1st July to 28th July is buy 5231025 shares, which indicates that big players have built long positions in market.

On 28th of July, FII & Pro have sold 4764525 shares combined which is above the average of

2920650. Important to note that yesterday was F&O expiry.

The total for the July expiry from the 1st July to 28th July is 574725 which indicates that a sell position has been created for the clearing.

FII & DII Cash Buy/Sell Activity:

Last trading day, FII have bought shares worth Rs. 1767 Cr and DII have sold shares worth Rs. 1074 Cr. Combined, net buying worth Rs. 693 cr was seen.

Since 1st July 2016, FII have bought Rs.10136 crores worth shares where as DII have sold shares worth Rs.6202 crores in the cash segment.

FII and DII combined have a net buy worth Rs. 3934 Cr since 1st July 2016.

The combine FII and Pro have seen a continued increase in long position in Index future and an increase of long position in index options. In the cash segment FII and DII combined are net buyers of Rs. 2988 Cr since 1st July 2016.

Disclaimer:

The investment advice or guidance provided by way of recommendations, reports or other ways are solely the personal views of the research team. Users are advised to use the data for the purpose of information and rely on their own judgment while making investment decision.

Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022

Nifty Closes Above 8650 as GST seems a Reality

Indian Market Outlook:

Nifty ended the July F&O expiry on a strong note closing above 8660. July has seen the comeback of FII who have bought over Rs. 12000 crores worth of stocks in the cash market. The consensus amongst all political parties regarding GST is a strong indication that the bill might see the light of the day in Rajya Sabha next week. Nifty can see a sharp upside movement if it is able to sustain above 8650 and possible upsides targets could be 8800-8850 in the event of GST being cleared. The support of Nifty remains at 8565. Another major event to watch out for the day is the Bank of Japan Policy decision where investors would keenly watch for any sign of further stimulus.

The Top 5 gainers are Asian Paint, Infratel, Maruti, Eicher Motor and Bosch.

Nifty August Futures is expected to open flat at 8693 as per SGX Nifty at 8:00 am IST.

Open Interest Futures & Options Index Update:

On 28th of July, 

FII & Pro have sold 1909350 shares combined which is above the average of 705075. Important to note that yesterday was F&O expiry.

The total for the July expiry from the 1st July to 28th July is buy 5231025 shares, which indicates that big players have built long positions in market.

On 28th of July, FII & Pro have sold 4764525 shares combined which is above the average of

2920650. Important to note that yesterday was F&O expiry.

The total for the July expiry from the 1st July to 28th July is 574725 which indicates that a sell position has been created for the clearing.

FII & DII Cash Buy/Sell Activity:

Last trading day, FII have bought shares worth Rs. 1767 Cr and DII have sold shares worth Rs. 1074 Cr. Combined, net buying worth Rs. 693 cr was seen.

Since 1st July 2016, FII have bought Rs.10136 crores worth shares where as DII have sold shares worth Rs.6202 crores in the cash segment.

FII and DII combined have a net buy worth Rs. 3934 Cr since 1st July 2016.

The combine FII and Pro have seen a continued increase in long position in Index future and an increase of long position in index options. In the cash segment FII and DII combined are net buyers of Rs. 2988 Cr since 1st July 2016.

Disclaimer:

The investment advice or guidance provided by way of recommendations, reports or other ways are solely the personal views of the research team. Users are advised to use the data for the purpose of information and rely on their own judgment while making investment decision.

Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022