Stock Market Today: December 2016

Friday, December 30, 2016

Store One Share Price saw A Rise of 5 %

Store One share price saw a surge of 5 per cent today. The share price opened at Rs 93.90 from the previous Rs 92.80. A total of 49,887 shares of the company have been traded on NSE for a total traded value of Rs 47.77 lacs. The 20 days daily average volume of Store One is 64778.

Pursuant to the issuance of the fresh certificate of incorporation dated 21^stDecember, 2016, by the Registrar of Companies, NCT of Delhi and Haryana, the name of Store One Retail India Limited stands changed from Store One Retail India Limited to "SORIL Infra Resources Limited" with effect from December 21, 2016.

Store One share price closed at Rs 97.40, up by 4.96 per cent or 4.60 points.

Store One belongs to infra-construction engineering and materials sector. Its face value stands at Rs 10. Out of the 1700 Shares listed on the National Stock Exchange, Store One is one of the top 500 Stocks, identified by Dynamic Levels Research team and stock analysts. The scrip is a well analyzed stock, based on Dynamic Levels’ technical and fundamental research.

Goa Carbon Share Price settles in the Negative Zone

Goa Carbon share price settled at Rs. 105.55, down by 0.80 points or 0.75% from its previous closing of Rs. 106.15 on the NSE.

The scrip opened at Rs. 107 and has touched a high and low of Rs. 107 and Rs. 105.15 respectively. So far 89,525 shares were traded on the counter. The stock has a face value Rs. 10 has touched a 52 week high of Rs. 141.50 on 06-Oct-2016 and a 52 week low of Rs. 62.25 on 17-Feb-2016.

Last one week high and low of Goa Carbon share price stood at Rs. 109.80 and Rs. 99.05 respectively. The current market cap of the company is Rs. 97.14 crore. The promoters holding in the company is registered at 60.09%, while Institutions and Non-Institutions held 0.14% and 39.76% respectively.

Goa Carbon has commenced operations at its Bilaspur Plant situatedat 34-40, Sector B, Sirgitti Industrial Area, Bilaspur in Chhattisgarh from December 27, 2016. The company had temporary shut-down the said unit on December 5, 2016.

Manpasand Beverages Share Price Surges 6% Intraday

Abhishek Singh, Director of Manpasand Beverages is planning to appoint more distributors and enroll more outlets in the days to come. Manpasand Beverages pays their retailers a margin of 5-7 per cent more than the competitors. Recently while speaking to the media Singh said that they faced problems because of demonetization for the first 10-15 days. He further said that the company will set up 4 new plants, which will be operational in the next one and a half years. However, the company will maintain margins and sales growth at current levels, he said.

A recent survey of the market showed that retailers were happy to get associated with them because they were getting a good margin. So they will only support those firms which were paying them better margins. Meanwhile, Manpasand Beverages share price surged 6 per cent intraday on 30^th December, 2016, on the National Stock Exchange (NSE).

R.S. Software Gains On Making Investment Of Rs 5.90 Cr

RS Software rose 3.23 per cent to Rs 113.40 at on NSE after the company informed that it made further investment of Rs 5.90 crore in its wholly-owned subsidiary, Paypermint. The announcement was declared after market hours yesterday on 29 December 2016.

The BSE Sensex was up 212.40 points, or 0.81 per cent, to 26,578.55. On the NSE, so far 8,54,080 shares were traded on the counter, compared with the average daily volumes of 1.77 lakh shares in the last one quarter. The stock had hit a high of Rs 114.50 and a low of Rs 111 so far during the day.

RS Software share price hit a 52-week high of Rs 146.85 (31-DEC-15). The stock hit a 52-week low of Rs 57.50 (12-FEB-16). The stock had outperformed the market for the past 30 days till 29 December 2016, rising 14.91 per cent as compared with the 1.08 per cent fall in the Sensex. The scrip had also outperformed the market in the past one quarter, rising 50.07 per cent as against Sensex's 5.38 per cent decline.

Everest Kanto Share Price Rose by 8% Today

Everest Kanto share price rose by almost 8 per cent since the morning. The share price opened at Rs 31.65 from the previous closing of Rs 31.30. The intraday high is Rs 34.40 and the intraday low is Rs 31.40.

The Company was established in the year 1978, Everest Kanto has grown to become a pioneer in development & production of industrial & CNG Cylinders with well over 1.5 million High Pressure gas cylinders and 6.00,000 CNG cylinders in service and three manufacturing plants in India Aurangabad, Tarapur and Gandhidam and Middle East (UAE) JAFZA in Dubai.

Shree Cement Gains 10% At The NSE Today

Shree Cement is setting up a 5 Mt cement plant and a 20 MW captive power plant at the villages of Parbatpur and Digha, Tehsil Raghunathpur in the district of Purulia, West Bengal. A railway siding, loading unloading system and residential colony will be constructed as well. The total estimated cost of the project is Rs. 6000 million. The total land area is 104 acres.

The project is awaiting environmental clearance and Pollution Control Board approval. According to West Bengal Pollution Control Board sources, pet coke and coal will be utilized as fuel in the boilers of captive power plant. The project will take 20-24 months for construction.

At the news, Shree cement share price surged approximately 10 per cent in the trade today at Rs. 15,180, the intraday high.

Ruby Mills Shares Price Sails In The Green Territory

Ruby Mills Limited, incorporated in the year 1917, is a Small Cap company (having a market cap of Rs 528.52 Cr.) operating in Textiles sector.

Ruby Mills Limited key Products/Revenue Segments include Fabric which contributed Rs 177.42 Cr to Sales Value (83.47 per cent of Total Sales), Licence Fees which contributed Rs 31.76 Cr to Sales Value (14.94 per cent of Total Sales), Others which contributed Rs 1.67 Cr to Sales Value (0.78 per cent of Total Sales), Waste which contributed Rs .68 Cr to Sales Value (0.32 per cent of Total Sales), Duty Drawback which contributed Rs .49 Cr to Sales Value (0.23 per cent of Total Sales), Processing Charges which contributed Rs 0.22 Cr to Sales Value (0.10 per cent of Total Sales), Scrap which contributed Rs 0.17 Cr to Sales Value (0.07 per cent of Total Sales), Other Operating Revenue which contributed Rs .13 Cr to Sales Value (0.05 per cent of Total Sales) and Freight which contributed Rs .01 Cr to Sales Value (0.00 per cent of Total Sales)for the year ending 31-Mar-2016.

Meanwhile on 30^th December, 2016, Ruby Mills share price surged almost 10 per cent intraday on the National Stock Exchange (NSE). The stock opened at Rs 316 from a previous closing of Rs 312.35.

Veto Share Price Gained Over 5 % At NSE Today

Veto is an ISO 9001:2008 certified company with BBB+ rated by ICRA. The company is engaged in manufacturing of wires & cables, Electrical Accessories & all type of range of led lighting, CFL & Fans. Veto uses latest production technology and also produces latest products as per market demand in their manufacturing unit located at Haridwar & Vasai (Mumbai). The Brand name "Veto" came in to existence since 1967.

Veto trades on its strong fundamentals. In trade today, veto share price gained 5.46 per cent to trade at Rs. 136.90.

The company manufactures a variety of electrical accessories, wires, cables, CFL, T5 fitting, Fans and LED Lights. Veto has the market cap of Rs. 237.89 crores as on 30^th December 2016 and the PE ratio of 23.79. It has reported the consolidated sales of Rs. 58.38 crores and a net profit of Rs. 5.12 crores with the EPS of Rs. 2.79 for the quarter ended September 2016. The stock has corrected 2.31 per cent in past thirty days.

Prime Focus Share Price Fluctuates During The Day

Intraday on Friday, Prime focus share price went above 4 per cent. The stock is trading at Rs. 67.

Prime Focus’ consolidated revenue rose 4 per cent y-o-y to Rs 467 cr on the back of a 29 per cent y-o-y growth in Tech/Tech-enabled services. Creative and Tech Enabled services contributed 72 per cent and 19 per cent, respectively to total segmental revenues.

EBITDA for the period rose 11.3 per cent y-o-y to Rs 59 cr with the corresponding EBITDA margins expanding 83 bps to 12.6 per cent. This primarily cost reduction was from technical service cost which slipped 31.7 per cent y-o-y.

Also, net loss expanded 55.4 per cent y-o-y to Rs 36 cr. Net loss in Q2FY16 was registered at Rs 23 cr. The expansion in losses was because of the higher finance costs (up 39.2 per cent y-o-y) and impact of Ind-AS adoption.

Indiabulls Ventures Gains Approximately 7% Today At NSE

Indiabulls Ventures Limited was formerly known as Indiabulls Securities Limited. IB Ventures is one of India's leading capital markets companies providing securities broking and advisory services. Indiabulls Ventures also offers depository services, equity research services to its clients and offers commodities trading through a separate company. These services are imparted both through on-line and off-line distribution channels. Indiabulls Ventures is a pioneer of on-line securities trading in India. The company’s in-house trading platform is one of the fastest and most competent trading platforms in the country.

Indiabulls ventures share price today surged approximately 7 per cent at NSE today to trade at the first half intraday high of Rs. 20.75.

Kajaria Ceramics share price up, launches new retail store

Kajaria Ceramics, India’s leading and world’s 14^th largest manufacturer of ceramic and vitrified tiles recently launched its 1st and India’s biggest state-of-the-art concept retail store in Meera Path Colony, Indore. With the help of this exclusive store, Kajaria Ceramics aims to engage with customers by offering the best services and a state-of art experience.

The very first exclusive retail outlet of the city is spread across 17,000 sq. ft and is packed with an entire range of products from the house of Kajaria Ceramics. The store was inaugurated by Ashok Kajaria – CMD of the company, Rishi Kajaria and Chetan Kajaria, JMD, in the presence of Pankaj Sethi, COO - Eternity division and other senior from management members. Meanwhile, Kajaria Ceramics share price traded over 6 per cent higher intraday on the NSE.

Time Techno share price surged 4% today

Time Technoplast share price saw a surge of more than 4 per cent in the early session of today’s trade. The share price opened at Rs 88.20 from yesterday’s closing Rs 88.75.

Time Technoplast is a multinational conglomerate with operations based in Bahrain, Belgium, China, Egypt, Indonesia, India, Malaysia, Poland, Romania, Singapore, Sharjah, Taiwan, Thailand and Vietnam. It is a leading manufacturer of polymer products.

The portfolio of the company consists of technically driven innovative products that cater to the growing industry segments such as Industrial Packaging Solutions, Lifestyle Products, Automotive Components, Healthcare Products, Infrastructure / Construction related products, Material Handling Solutions a well as Composite Cylinders.

Akzo Nobel India Share Price Dips

Intraday on Friday, Akzo Nobel India share price dipped 0.91 per cent. Yesterday, the stock gained 2 per cent after inaugurating a first-of-its-kind Specialty Coatings facility in Noida

The stock opened at Rs. 1445.00 and has touched a high and low of Rs. 1450 and Rs. 1416 respectively. So far 1,241 shares were traded on the counter with a traded value of Rs. 17.71 lacs, as per NSE.

The stock of face value Rs. 10 has touched a 52 week high of Rs. 1,745.00 on 31^st AUG ’16 and a 52 week low of Rs. 1,205.00 on12th FEB 16.

Last one week high and low of the scrip stood at Rs. 1400.00 and Rs. 1355.00 respectively. The current market cap of the company is Rs. 6653.29 crore.

Laksmi Vilas Bank- Etching Out A Brighter Future

For the banking industry, the past year could be regarded as the year of misfortune. The supposed good times never arrived. Bad loans continued to pile up, demand for loans remained muted, and the much needed help from the regulator did not come either and demonetization loomed large. Lakshmi Vilas Bank claim to have been frightfully lazy till now. Since the times have changed, the bank has decided to work according to the demands of time. It is trying to turn 2017 in its favour.

Banks will probably face a weak third quarter on account of subdued demand for home, vehicle and consumer loans, bringing loan growth to a 54-year low. The RBI data last highlighted a major dip in loan growth at 5.8% on 9^th Dec. This is the lowest growth rate since 1962. Two months ago, the loan growth hovered around 8%. Loan growth is a major factor in determining the economic activity of a country.

The managing director and the CEO of Chennai-based Lakshmi Vilas Bank, Parthasarathi Mukherjee is of the view that this quarter will definitely not be good as retail and small and medium sector enterprises have suffered. They may see this (slowdown) being passed on to the January to March quarter.

Lakshmi Vilas Bank

Lakshmi Vilas Bank Ltd. was incorporated in the year 1926. It is a banking company which has a market cap of Rs. 2542.07 Cr.

Products

Lakshmi Vilas Bank Ltd. key Products/Revenue Segments are

1. Interest & Discount on Advances & Bills which contributes Rs. 2038.27 Cr to Sales Value (79.36 % of Total Sales)

2.Income From Investment which contributes Rs. 519.40 Cr to Sales Value (20.22 % of Total Sales)

3. Interest which contributes Rs. 7.36 Cr to Sales Value (0.28 % of Total Sales) 4.Interest On Balances with RBI and Other Inter-Bank Funds which contributes Rs. 3.27 Cr to Sales Value (0.12 % of Total Sales)for the year ending 31^st Mar 2016.

QIP

Intraday on Thursday, Lakshmi Vilas Bank announced that it has launched a qualified institutional placement or QIP in order to raise more than Rs 599.88 crore by issuing 4.25 crore shares in domestic or international markets. The Committee of Directors for Capital Raising of the private sector bank, at a meeting held on Wednesday, has given the approval for the floor price for the QIP issue at Rs 141.15 per equity share. The bank may offer a discount of not more than 5 per cent on the floor price calculated on the QIP.

During May this year, the bank had informed that it is going to raise funds in one or more public or private offerings in domestic and/or international markets, either in the form of Qualified Institutional Placement (QIP) or Qualified Institutional Buyers (QIBs).

Apart from this, the bank said that the funds could also be raised by the issuance of equity shares through depository receipts, including global depository receipts (GDR) or American Depository Receipts (ADR) or even through foreign currency convertible bonds (FCCBs).

Most of the listed companies use the QIP route to raise funds by either issuing shares, fully or partly convertible debentures or any securities other than warrants which are convertible to equity shares to a QIB.

Road Ahead

Under its new management, Lakshmi Vilas Bank has taken a decision to re-invent itself and become more aggressive in lending as well as in the deposit aggregation space.

The bank is looking to rennovate its backend operations and technology framework. Also, the lender has also created specific businesses to look at specific verticals.

Over the next five years, the bank wants its Casa (current and savings account) to exceed the 25 per cent mark. At the end of the quarter ended September, the bank’s Casa stood at 17.31 per cent.

In order to push the Casa, the management has asked the bank’s branches to concentrate on the daily average balance of these accounts and not follow just year-end targets.

The bank will also hire a specialized agency to assess its risk management framework in order to ensure that bad loans can be kept under check. At the end of the quarter ended September, the net non-performing assets (NPA) of the bank were 1.87 per cent as compared with 1.01 per cent in the same quarter a year ago.

It aims to upgrade its retail and small & medium enterprises (SME) segments and reduce focus on the corporate book. As of now, 45 per cent of its total loan book is corporate. For the next few years, the management wants this share to be reduced to 25 per cent and the share of retail and SME loans to grow.

It is also going to raise capital within this financial year, as its capital adequacy ratio was low, at 10.10 per cent, at the end of the quarter ended September. They will raise up around Rs 600 crore but they looking for some quality investors that will add value to the bank, so it is taking time.

Stock Analysis

Lakshmi Vilas Bank shares ended 0.96 per cent higher at Rs 141.65 apiece on NSE. Yesterday, Lakshmi Vilas Bank saw a huge surge in volume, a 89.47-times surge over two-week average daily volume of 10,000 shares.

Intraday on Friday, Lakshmi Vilas Bank share price registered a marginal rise of 0.46 % at Rs. 142.70.

A meeting of the Committee of Directors of Lakshmi Vilas Bank Ltd for Capital Raising of the Bank (the “Committee”) is scheduled on December 31, 2016 to inter consider and approve the closure of the QIP. The committee will give approval to the issue price including a discount, if any thereto as permitted under the SEBI ICDR Regulations for the Equity Shares to be allotted to qualified institutional buyers pursuant to the QIP and also approve and adopt the placement document in connection with the QIP.

Lakshmi Vilas Bank is a multibagger stock for this quarter as recognized by Dynamic Levels, based on their technical and fundamental research, it is seen to have traded in very high volumes. Multibagger stocks have a great potential to grow in the long run.

Godrej Properties To Develop New Residential Project In Pune

One of the leading real estate developers of India, Godrej Properties Limited announced that it has entered into a partnership with the aim to develop a residential group housing project in the prime locality of Bavdhan, West Pune. This project will be spread over 5.5 acres approximately and will offer 52,000 square metres (560,000 sq. ft) of saleable area. This new project will be developed as a modern residential complex with apartments of various configurations.

This update has been filed today by Godrej Properties at 8.13 AM.

On the back of this news, Godrej Properties share price opened on a positive note this morning. The share price is currently trading at Rs 306.90, up by 0.59 per cent or 1.80 points. A little more than 5000 shares of the company have been traded in the first 15 minutes of the trading session. The stocks opened at Rs 305.00 from yesterday’s closing of Rs 305.10. The lower price band of the share is 244.10 and the upper price band is 366.10.

Nifty January Series To Start With A Positive Bias, Short Positions Are Being Squared Off

Indian Market Outlook: Nifty January Series is starting on a positive note this morning. The benchmark index ended the December series with an upward bias as it closed above the 8100 mark. After making a low of 7894 early this week, Nifty bounced back convincingly and tested 8100 levels yesterday. The data for the Jan series shows that short positions have been squared off, so the market is likely to trade with a bullish bias. If Nifty stays above 8130 today, then the next target is 8278. If Bank Nifty spot trades above 18167, it can go up by 200 points.

Today being the last session of 2016, markets are likely to remain in a narrow corridor. Top Gainers were Grasim, Yes Bank, BPCl, Eicher Motor and Bosch Ltd.

Nifty Future is opening at 8132 as per SGX Nifty at 8:40 am IST, 15 points above its previous close of 8117.

FII Activity for the year 2016

The net FII's figure in cash market has turned negative amounting to Rs.10739.28 Cr, after heavy Nov Selling figure, which was Rs. 19981.5 Cr.

Open Interest Index F&O and Cash Segment Activity

In cash segment, last trading day, FII have sold shares worth Rs.662 Cr and DII bought shares worth Rs.957.83 Cr. A combined buy of Rs.295.54 Cr. For this expiry, FII and DII together are net sell worth Rs. 1845 Cr.

In Index Options, last trading day, FII have bought 184509 contracts, above its post Demonetization average of 8577 contracts. Pro have bought 22564 contracts, below its post Demonetization average of 26619 contracts. Combined there has been a net buy of 207073 contracts, above its post Demonetization average of 31662 contracts. For the current expiry, FII and Pro combined are net buyers of 158292 contracts.

In Index Futures, last trading day, FII have bought 5205 contracts, above its post Demonetization average of 3577 contracts. Pro have bought 13669 contracts, above its post Demonetization average of 4177 contracts. Combined there has been a net buy of 18874 contracts above its post Demonetization average of 5200 contracts. For the current expiry, FII and Pro combined are net buyers of 32642 contracts.

International Market Morning Update: Global markets shows a mixed trend with the emerging markets continued to outperform and rally in the past few sessions. S&P futures have remained flat with a negative bias as it has fallen from 2270 to 2240 and is currently trading at 2246. The German Dax has been trading in an narrow range of 100 in the past few sessions.

Index		Country	1D % Change
Developed Markets
America	S AND P 500 INDEX	US	0.07
America	DJIA INDEX	US	-0.03
Europe	DAX INDEX	Germany	-0.04
	EURO STOXX 50 INDEX	Eurozone	0.03
	CAC 40 INDEX	Paris	0
	FTSE 100 INDEX	London	0.29
Asia	NIKKEI 225 INDEX	Japan	-1.32
Asia	ASX 200 INDEX	Australia	0.247
Emerging Markets
America	BOVESPA INDEX	Brazil	0.75
Asia	JAKARTA COMPOSITE INDEX	Jakarta	1.788
	HANG SENG INDEX	China	0.17
	SET INDEX	Thailand	0.87
	PHILIPPINE STOCK INDEX	Philippine	-0.08
	KOSPI INDEX	Korea	0.12
	STRAITS TIMES INDEX	Singapore	-0.32

Data as on 29th December 2016. The % change is taken from previous day's close.

DISCLAIMER:

Research Team - Tel: 033-30010001, write to us at clientsupport@dynamiclevels.com to give feedback. Website:www.dynamiclevels.com

1. 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

2. Past performance is not an indicator of future returns.

Search This Blog

Friday, December 30, 2016

Lakshmi Vilas Bank

Products

QIP

Road Ahead

Stock Analysis