Stock Market Today: January 2017

Tuesday, January 31, 2017

Bhel Share Price trading On the Greener Side

Bharat Heavy Electricals (BHEL share price) is currently trading at Rs. 138.10, up by 0.25 points or 0.18 per cent from its previous closing of Rs. 138.00 on the NSE. The scrip opened at Rs. 138 and has touched a high and low of Rs. 141.10 and Rs. 137.25 respectively. So far 40,73,229 shares are traded on the counter with a traded value of Rs. 5,659.75 lacs, as per NSE.

The stock has a face value Rs. 2 has touched a 52 week high of Rs. 162.90 on 8^thSep 2016 and a 52 week low of Rs. 90.15 on 29^th Feb 2016. Last one week high and low of the scrip stood at Rs. 142.00 and Rs. 129.00 respectively. The current market cap of the company is Rs. 33776.88crore.

The promoters holding in the company stood at 63.06%, while institutions and non-institutions held 31.89% and 5.05% respectively.

Shriram City Dips on Reporting 9% Decline in Net Profit

Non banking finance company, Shriram City witnessed a decline of 9.3 % in net profit to Rs 157.74 crore for the third quarter ended December 31, as payments were delayed by borrowers due to demonetization. The company had reported a net profit of Rs 174 crore in the December quarter last fiscal.

Collections for the quarter ended December 2016 is down by 9.9 % as compared to the collections for the September quarter. But Shriram City Union said two wheeler disbursements in October has been record high with festive season and the first week of November also had an important portion of spill over business of previous month, which resulted in muted impact of demonetization when seen on a quarter as a whole.

Income of the company was at Rs 1,555.73 crore for the quarter, up 15.5 percent y-o-y. The company's asset under management (AUM) increased by 18.6 percent to Rs 22,544 crore. Subsidiary Shriram Housing Finance logged a growth of 69.4 percent in AUM at Rs 1,833.40 crore and registered net profit of Rs 23.70 crore, the company further added.

Shriram City share price is currently trading at Rs. 1932.05, down by 94 points or 4.68 per cent from its previous closing of Rs. 2027.00 on the NSE. The scrip opened at Rs. 1990 and has touched a high and low of Rs. 1999.85 and Rs. 1912.55 respectively. So far 18,536 shares were traded on the counter.

V-Guard Industries Rises on 2:5 Bonus Issue

V-Guard Industries has surged 8 per cent to Rs 208 on the NSE during the early morning trade in an otherwise weak market after the board recommended the issue of bonus shares in the ratio of 2:5 (two shares for every five shares held). The company is involved in consumer electrical and electronics business has registered 30 per cent year on year (Y-o-Y) jump in net profit at Rs 28 crore for the quarter ended December 2016 (Q3FY17). Net revenue rose 10 per cent at Rs 460 crore on Y-o-Y basis.

As per Mithun K.Chittilappilly, Managing Director, V-Guard Industries Ltd, the company would perform reasonably well in a market conditions which was impacted by different economic decisions. Demonetisation had some effect on some product segment and sales growth of some of the products had come down from the previous quarters.

But, the company has pro-actively incorporated different facilities including arranging finance through NBFC and installing card machines, cash discount facilities to channel partners. The sales in Tamil Nadu region was impacted because of the socio-economic situation prevalent in the State and because of cyclone affecting many parts of Chennai and suburban areas.

The business outlook, he said, stays positive considering the upcoming summer season. A new manufacturing unit at Sikkim is being initiated with an investment outlay of Rs. 12.50 crore for increasing the capacity of stabilizer and the unit is expected to commence commercial production in March 2017. Besides, the manufacturing unit for electric water heater with an investment of Rs. 25 crore would also commence commercial production at Sikkim next year.

At 09:32 am; V Guard share price was up 6 per cent at Rs 204 on the NSE as compared to 0.47 per cent decline in the S&P BSE Sensex. At 10.30am, the stock is trading above 5 per cent at Rs. 204.55. Till now around 10,45,754 shares are traded on the counter with a traded value of Rs 2,140.14 lacs, as per NSE.

V Guard is one of the top 500 performing stocks for this quarter as identified by Dynamic Levels.For further details on the stock, refer to V Guard share price history.

Natco Pharma gains on correctable observations by USFDA

Natco Pharma’s formulation facility at Kothur, near Hyderabad, has received six observations, including one on the quality system after a recent inspection by the U.S. Food and Drug Administration (USFDA). In its observations, the regulator said that the responsibilities and procedures pertinent to the quality control unit are not fully followed. The written stability testing programme is not followed. Natco Pharma said the six observations, received after the inspection that was conducted between January 16 and 24 were, however, “correctable and procedural”.

On receiving the correctable and procedural observations from USFDA for its Kothur facility, Natco Pharma share price surged over 6% at Rs. 702 today at NSE.

The company believes that the observations are trivial in nature. The observations are associated to complaint and incident investigations, stability backlog and procedural SOPs. The company will make available due justifications and corrective action plan within the next 15 working days.

In another observation, the U.S.FDA said that the laboratory controls do not comprise the establishment of scientifically and sound and appropriate specifications and test procedures designed to guarantee that components, labeling and drug products set to appropriate standards of identity, strength, quality and purity.

Meanwhile at 10:33 AM, Natco Pharma share price was trading at Rs. 688, up by 4.27%.

Vedanta Resources Raises $1 bn by Selling Bonds

Vedanta India share price touched a new 52 week high of Rs 261.80 today.

Vedanta Resources, the London-based mining and Metals Company led by billionaire Anil Agarwal, has raised US$ 1 billion by selling bonds to refinance its near-term debt obligations.

The new bonds were sold at a coupon of 6.375 per cent and will mature in the year 2022, said two people familiar with the development.

The company has used these proceeds to buy back through a tender offer part of two series of bonds maturing in 2018 and 2019. It has bought back close to US$ 800 million worth of these bonds.

This exercise will help the company reduce interest cost as well as replace near-term debt obligations with longer tenor paper. The 2018 and 2019 bonds carried annual coupon rates of 9.5 per cent and 6 per cent, respectively.

The company started the book running process for the new bonds on 16^thJanuary 2017 and commenced tender offers alongside to purchase for cash any and all of its outstanding bonds.

The company has redeemed US$ 370.87 million of the 2018 bonds and US$ 425.03 million of the 2019 series bonds, it said in a statement on Monday.

Market May Remain Under Pressure On Weak Global Cues And Union Budget

Indian Market Outlook:

India’s benchmark index Nifty opened on a flat note on Monday and traded in a narrow range of 45 points throughout the day and finally closed at 8633,which was 8 points below its Friday’s close of 8641. Bank Nifty also showed signs of weakness and closed at 19585, 123 points below its previous close of 19708.

Small cap index stayed in range for the entire trading session yesterday. The benchmark index of cash market, Small Cap closed at 6392, almost flat from Friday’s close of 6395. Small Cap Index made a high of 6429 and a low of 6384.

FII’s continue to buy in cash segment in last three trading sessions.

Important results to be announced today are ONGC, IOC,ICICI Bank, Bajaj-Auto.

Nifty Future is opening at 8615 as per SGX Nifty at 8:50 am IST,almost 44 points below its previous close of 8659.

Important events to watch out

1st Feb Union Budget 2017-18
1st Feb 12.30 midnight Federal Reserve Monetory Policy (market will take impact of it on 2nd Feb)
8th Feb RBI Monetory Policy
11th Feb to 15th Mar UP Election

FII Activity for the year 2016-17

Month	FII Activity
January	-14356.01
February	-12513.1
March	24201.51
April	3056.28
May	-186.61
June	3957.95
July	10121.56
August	8778.01
September	3329.62
October	-5355.76
November	-19981.5
December	-11325.03
January 2017	-1049.24

Open Interest Index F&O and Cash Segment Activity

In cash segment, yesterday, FII have bought shares worth Rs. 607.40 Cr and DII bought shares worth Rs. 40.04 Cr. A combined buy of Rs.647.40 Cr. For Feb 2017 Expiry, FII and DII together are net buyer of worth Rs. 1341.69 Cr.

In Index Options, yesterday, FII have sold 35165 contracts. Pro have bought 5785 contracts on last day. Combined there has been a net sell of 5913 contracts.

In Index Futures, last trading day, FII have sold 4927 contracts. Pro have bought 261 contracts. Combined there has been a net sell of 2139 contracts.

Important events to watch out

1st Feb Union Budget 2017-18
1st Feb 12.30 midnight Federal Reserve Monetory Policy (market will take impact of it on 2nd Feb)
8th Feb RBI Monetory Policy
11th Feb to 15th Mar UP Election

International Market Morning Update:

With Trump’s order on refugees, S&P500 has shown a sign of weakness and the index is currently trading at 2269, recent high of the index was 2299. Fed to announce its monetary policy on 1st Feb 2017 Mid night at 12:30 which will have bigger impact on the international markets.

German Index Dax has also shown profit booking and has yesterday closed at 11659, recent high of the index was at 11895.

MSCI Emerging market Index is trading at 911.19, recently the index made a high of 1919. Immediate support for the index is at 907 below which next target is 902.

Most Asian markets are trading negative today as U.S. President Donald Trump's new refugee policy has created a fearfull environment in all the emerging Countries.

The focus also remains on the BoJ, FOMC and BoE meetings due this week.

Data as on 27th January 2017. 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.

Monday, January 30, 2017

STC India Share Price tanks into the Red Territory

STC India share price tanked 5 per cent intraday on the NSE today. It was only in the beginning of this month that the stock was trading at its two-year high. At the end of day, almost 4 lac shares changed hands on the NSE counter having a traded value of Rs 735.31 lac. STC India share price closed trading at Rs 182.10 on the NSE today.

During the end of the December quarter, the stock has zoomed 97 per cent from Rs 117 on 19^th December. On 23^rdDecember, 2016, Smithblock Financial Services bought 4 lac shares of STC India at Rs 142.25 per share on the NSE, the bulk deal data shows.

The company has a paid up equity capital of Rs 60 cr, with 90 per cent of the holding with the Central and State governments. The remaining 10 per cent stakes are with individual shareholders (6.17 per cent), insurance companies (1.92 per cent) and bodies corporate (1.77 per cent).

Finolex Industries settled on the Brighter Side

A meeting of the Board of Directors of Finolex Industries Ltd is scheduled on February 04, 2017, in order to consider and approve, the unaudited financial results for the quarter and nine months ended on December 31, 2016 (Q3). The Company will close the trading window from January 19, 2017 to February 06, 2017 (both days inclusive). Finolex Industries share price was last trading on NSE at Rs. 485.50 as compared to the previous close of Rs. 463.10. The total number of shares traded during the day was 2,14,648 on the NSE.

The stock hit an intraday high of Rs. 455.3 and intraday low of 447.1. The net turnover during the day was Rs. 2448431.

Finolex Industries Ltd. was incorporated in the year 1981. It is a Mid Cap company which has a market cap of Rs 5725.76 Cr. and operates in the Petrochemicals sector.

Swan Energy tanks despite IFFCO picking stake in LNG

After Tata Group, India's largest fertilizer producer IFFCO has indicated interest in taking 10 per cent stake in Rs 5,900 crore floating LNG import terminal being set up by Nikhil Merchant-led Swan Energy in Gujarat.

Earlier this month, Tata Realty and Infrastructure (TRIL), a wholly-owned subsidiary of Tata Sons set up in 2007, had voiced interest in taking 10 per cent stake in Swan LNG Pvt Ltd that is setting up the Floating and Regasification Unit (FSRU) near Jafrabad in Gujarat.

Despite the news, Swan Energy share price tanked 13% at NSE today at Rs. 168 as against its previous close of Rs. 193.60.

Ahead of the move, the authorized share capital of Swan LNG Pvt Ltd has been increased from Rs 5 lakh to Rs 2,000 crore. Gujarat government had formerly taken 26 per cent equity the LNG project. The Gujarat government involvement in the project was through Gujarat State Petronet Ltd and Gujarat Maritime Board jointly.

Ashoka Buildcon shines on receiving LoA for Power Project

Ashoka Buildcon is currently trading at Rs. 188, up by 3.55 points or 1.92 per cent from its previous closing of Rs. 184.45 on the NSE. The scrip opened at Rs. 186.50 and has touched a high and low of Rs. 194.70 and Rs. 185.50 respectively. So far 4,42,110 shares were traded on the counter.

The stock is of face value Rs. 5 has touched a 52 week high of Rs. 195.85 on 2^ndFeb 2016 and a 52 week low of Rs. 111.30 on 7th Apr 2016. Last one week high and low of Ashoka Buildcon share price stood at Rs. 192.00 and Rs. 160.75 respectively. The current market cap of the company is Rs. 3540.86 crore.

Rajesh Exports moves up on the bourses

Rajesh Exports is currently trading at Rs. 498.90, down by 3.75 points or 0.75% from its previous closing of Rs. 502.65 on the NSE. The scrip opened at Rs. 501.00 and has touched a high and low of Rs. 504.65 and Rs. 496.50 respectively. So far 1,70,618 shares were traded on the counter.

The stock has a face value Rs. 1 has touched a 52 week high of Rs. 744.80 on 18^th Feb 2016 and a 52 week low of Rs. 421.05 on 24^th Jun 2016. Last one week high and low of Rajesh Exports share price stood at Rs. 509.00 and Rs. 486.90 respectively. The current market cap of the company is Rs. 14841.24 (Cr).

Rajesh Exports is fully geared up to look after the increasing jewellery demand for the upcoming ‘Wedding Season’ in India. In line with its strategy to focus on the highly profitable retail segment, the company has launched more than 50 new product designs, all over their 81 retail outlets - Shubh Jewellers in Karnataka, India. This is to take advantage of the rise in the retail demand on account of the upcoming Wedding Season.

PNB Gilts Posted Yearly Rise in Net Profit, Stock Gains

A renowned name in the Indian debt market, PNB Gilts was one among the firsts to be granted the Primary Dealership License by the RBI. It is a subsidiary of one of India’s largest commercial Banks, Punjab National Bank.

Today, PNB Gilts posted its Q3 result on the BSE quoting 6 per cent decline in its Net Profit in the quarterly basis but a massive 600% rise Year-On-Year. PNB Gilts share price was trading with the rise of 5% at NSE after the declaration of December quarter result.

The company’s total income has declined 5% in the quarterly basis nut its expenses have surged 62% in the same period. However, on the yearly basis, total income has gone up by 84% while its expenses have come down marginally by 3%. Year-on-Year, PNB Gilts’ net profit has surged to a stunning 607% with its EPS going up by 604% in the same time frame.

At 2:22 PM, PNB Gilts share price was quoting at Rs. 54.60, up by 5%. For the details on the stock, visit PNB Gilts share price history page of Dynamic Levels website.

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Tuesday, January 31, 2017

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