CH Stock Market Closing Bell for 7-Nov-2017

CH CLOSING BELL:

NIFTY FUTURE DOWN 79 @ 10410

BANK NIFTY FUTURE DOWN 230 @ 25388

SENSEX DOWN 357 @ 33373

INR 65.01

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

For More Live Updates Visit:

http://moneycapitalheight.blogspot.in/

Lupin’s Weighs Down the Pharma Index

The pharma sector showed a sharp decline after Lupin, a pharma major, received a warning letter from USFDA for its two units. Investor sentiments were dampened after the Goa and Pithampur units of Lupin were issued warning letters.

Following this news built up, investors were concerned that other major pharma companies, which are marketing their drugs in the US, might receive similar warning letters.

Around 3 pm, Lupin Ltd is currently trading at Rs 862.05, down by Rs 172.65 or 16.69% from its previous closing of Rs 1034.7 on the BSE. The scrip opened at Rs 1041.1 and has touched a high and low of Rs 1044 and Rs 846.2 respectively. The stock is currently trading below its 200 DMA.

Following the trail, shares of Sun Pharma, Cipla, Dr. Reddy Laboratories, and Aurobindo Pharma declined in the range of 2 to 3%.

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

For More Live Updates Visit:

http://moneycapitalheight.blogspot.in/

Gayatri Projects hits Lifetime High on Law Tribunal Nod

Gayatri Projects Shares of Gayatri Projects hit a lifetime high as the company got clearance from the National Company Law Tribunal for restructuring its road assets business.

The restructuring is between Gayatri Projects, Gayatri Infra Ventures and Gayatri Highways.

All road assets owned by Gayatri Infra Ventures and Gayatri Projects will be emerged into Gayatri Highways, and shareholders of the company will get equal shares of Gayatri Highways.

Gayatri Projects Ltd is currently trading at Rs 200, up by Rs 5.65 or 2.91% from its previous closing of Rs 194.35 on the BSE. The scrip opened at Rs 196.2 and has touched a high and low of Rs 208.85 and Rs 194.1 respectively.

Gayatri Projects is a Hyderabad-based infrastructure company engaged in construction and projects activity. It executes civil works, including roads, irrigation, industrial projects, railway projects, power projects and transmission and distribution. Road projects contribute 55.6% to the current order book, followed by irrigation at 25.7%.

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

For More Live Updates Visit:

http://moneycapitalheight.blogspot.in/

Balrampur Chini Mills Q2FY18 Net Profit Declines 22.3% YoY

Balrampur Chini Mills Ltd Q2FY18

Standalone Results Q2FY18: (Rs. in crore)
Q2FY18 YoY (%)
Revenue 1,237 32.0
EBITDA 143.7 [16.7]
EBITDA Margin (%) 11.6 [679]
Net Profit (adjusted) 82.39 [22.3]

Balrampur Chini Mills standalone revenue for the quarter came in at Rs. 1237 crore, registering 32% yoy increase. This was primarily driven by increase in revenue from Co-generation and Sugar by 42.5% yoy and 39% yoy, respectively.

EBITDA for the quarter fell by 16.7% yoy to Rs. 143.7 crore with a corresponding margin contraction of 679 bps. EBITDA margin for the quarter stood at 11.6%. This margin contraction was led by 59% yoy rise in inventories.

The PAT for the quarter came in at Rs. 82.39 crore, yoy decline of 22.3%. This was partly due to 6.4% yoy rise in interest expenses.

Technical View:

Balrampur Chini Mills Ltd is currently trading at Rs. 159.80, down by 8.65 points or 5.14% from its previous closing of Rs. 168.45 on the BSE.

The scrip opened at Rs. 169.65 and has touched a high and low of Rs. 169.95 and Rs. 159.20 respectively. So far 34,62,190(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

For More Live Updates Visit:

http://moneycapitalheight.blogspot.in/

Lupin drops 17% after Receiving Warning Letter from USFDA

USFDA issues combined warning letter to Goa and Phitampur facility unit II. Lupin Ltd is currently trading at Rs 862.8, down by Rs 171.9 or 16.61% from its previous closing of Rs 1034.7 on the BSE.

Lupin had received 3 forms 483s for Goa on April 7 & 6 for Phitampur in May. This is negative news for the company and stock to react significantly negative, as there will be dealy in product approvals from Goa and Phitampur facility.

Lupin’s US revenue is expected to decline ~20% in FY18E due to Glumetza/Fortamet sales erosion.

Most of the key near term launches are expected to begin only in 2HFY18. Lupin has lowered its FY18 EBITDA margin guidance by 500 bps owing to higher than expected erosion in Glumetza and price pressures in the US base business.

Growth in the US business is expected to resume from FY19E onwards, driven by upcoming launches.

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

For More Live Updates Visit:

http://moneycapitalheight.blogspot.in/

RCom to sell DTH operations to Veecon Media to pare debt

Reliance Communications Ltd has signed a binding memorandum of understanding with Veecon Media and Television Ltd to sell its direct-to-home operations to pare debt.

Reliance Communications, which operates non-core direct-to-home services through its subsidiary Reliance BIG TV Ltd will sell the operations on “as-is where-is” basis, the telecom operator said in an exchange filing today. However, Reliance Communications did not disclose the amount it will receive through the transaction.

The existing DTH license of BIG TV shall be renewed with the submission of the required Bank Guarantees with the Ministry of Information and Broadcasting by the buyer.

The transaction ensures that all existing 1.2 Million customers of RBTV shall continue to enjoy uninterrupted services. It also ensures the continuity of employment for approximately 500 employees of RBTV.

The transaction will help reduce the liability of unsecured creditors, benefitting all stakeholders including lenders and shareholders of RCOM.

The transaction is in consonance with the RCOM’s stated objective to focus on B2B businesses of New RCOM.

The successful culmination of the transaction is subject to the requisite approvals from licensors, regulatory authorities and lenders of RCOM.

The company had earlier said it will focus on 4G strategy by optimising its 2G and 3G footprint and related infrastructure. The company has acquired 30MHz of 800-850 MHz band spectrum, which are suitable for 4G services after it recently completed the merger of wireless business of Sistema Shyam Teleservices with itself.

The telecom operator, which has debt of around Rs 450 bn currently, has been in the process looking for ways to reduce its debt.

Reliance Communications recently laid a renewed offer to its bankers after it rescinded deals to sell its tower business and wireless operations merger with Aircel Ltd citing regulatory issues.

Reliance Communications Ltd ended at Rs 15.85, down by Rs 1.05 or 6.21% from its previous closing of Rs 16.9 on the BSE. The stock traded below its 200 DMA.

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

For More Live Updates Visit:

http://moneycapitalheight.blogspot.in/

Jaguar Land Rover Sales up 0.2% in October at 46,418 Units YoY

Retail sales for Jaguar Land Rover totaled 46,418 vehicles in October, up 0.2% on October 2016. The results reflect growing sales of the Range Rover Velar and the new Discovery offset by lower sales of the Range Rover and Range Sport in advance of the 18 model year refresh, including PHEV models, as well as the Range Rover Evoque and Jaguar XE.

Retail sales in October were up year-on-year in Overseas markets (15.7%) and in China (12.4%) but down in the UK (18.3%) and in North America (3.2%), as the UK and US automotive markets slow, and down in Europe (3.3%).

Andy Goss, Jaguar Land Rover Group Sales Operations Director, said: “It’s pleasing to see our global sales have been maintained year on year in October, despite facing increasingly challenging conditions in our key UK, US, and European markets.”

Jaguar retail sales were 12,336 vehicles in October, down 14.3% compared to October 2016, primarily reflecting lower sales of the Jaguar XE.

Land Rover retailed 34,082 vehicles in October, up 6.8% compared to October of last year, led by the introduction of the Range Rover Velar and the new Land Rover Discovery.

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

For More Live Updates Visit:

http://moneycapitalheight.blogspot.in/

Cement Stocks Trade Flat on Hike in Prices in Mumbai

UltraTech Cement

Shares of cement companies are trading on a mixed note today after a media report stated that the companies have raised prices by 2-6% in Mumbai.

ACC and Ambuja Cements raised cement prices by 4% in Mumbai, while Ultratech Cement hiked prices by 6%, as per a media report.

ACC Ltd is currently trading at Rs 1800.5, up by Rs 3.65 or 0.2% from its previous closing of Rs 1796.85 on the BSE. The scrip opened at Rs 1799 and has touched a high and low of Rs 1816.5 and Rs 1792.8 respectively.

Ambuja Cements Ltd is currently trading at Rs 279.3, down by Rs 0.95 or 0.34% from its previous closing of Rs 280.25 on the BSE. The scrip opened at Rs 281 and has touched a high and low of Rs 283.35 and Rs 279.05 respectively.

UltraTech Cement Ltd is currently trading at Rs 4411.5, down by Rs 9.15 or 0.21% from its previous closing of Rs 4420.65 on the BSE. The scrip opened at Rs 4429.4 and has touched a high and low of Rs 4475 and Rs 4411.5 respectively.

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

For More Live Updates Visit:

http://moneycapitalheight.blogspot.in/

PSU Banks Stocks Slip

Intraday Tips CapitalHeight

The recent surge in global crude oil prices has led the prices rally to a two-year high, which in turn will exert pressure on the Indian Rupee. As a result, it would impact current account deficit and fiscal deficit which could hurt the sentiment. In addition, the recent surge in crude oil prices will further restrict the RBI from cutting interest rates.

PSU Bank stocks are under pressure due to rising bond yields and as a result, the PSU banks which are holding government bonds may lead to treasury losses. Shares of State Bank of India, Canara Bank, Bank of Baroda, Syndicate Bank, IDBI Bank, Allahabad Bank, Union Bank of India, and Punjab National Bank were down 1.0-3.5%.

State Bank of India is currently trading at Rs 324.85, down by Rs 4.1 or 1.25% from its previous closing of Rs 328.95 on the BSE. The scrip opened at Rs 329 and has touched a high and low of Rs 331.8 and Rs 323.7 respectively. The stock is currently trading above its 200 DMA.

Bank of Baroda is currently trading at Rs 168.85, down by Rs 3.15 or 1.83% from its previous closing of Rs 172 on the BSE. The scrip opened at Rs 173.6 and has touched a high and low of Rs 174.8 and Rs 167.8 respectively. The stock is currently trading above its 200 DMA.

Canara Bank is currently trading at Rs 397.95, down by Rs 8.15 or 2.01% from its previous closing of Rs 406.1 on the BSE. The scrip opened at Rs 407 and has touched a high and low of Rs 410.4 and Rs 394.05 respectively. The stock is currently trading above its 100 DMA.

Syndicate Bank is currently trading at Rs 87.3, down by Rs 1.6 or 1.8% from its previous closing of Rs 88.9 on the BSE. The scrip opened at Rs 90 and has touched a high and low of Rs 90.1 and Rs 85.75 respectively. The stock is currently trading above its 200 DMA.

IDBI Bank Ltd is currently trading at Rs 63.2, down by Rs 1.35 or 2.09% from its previous closing of Rs 64.55 on the BSE. The scrip opened at Rs 64.8 and has touched a high and low of Rs 65.3 and Rs 62.45 respectively. The stock is currently trading above its 200 DMA.

Allahabad Bank is currently trading at Rs 81.1, down by Rs 1.85 or 2.23% from its previous closing of Rs 82.95 on the BSE. The scrip opened at Rs 83.25 and has touched a high and low of Rs 83.6 and Rs 80 respectively. The stock is currently trading above its 200 DMA.

Union Bank of India is currently trading at Rs 171.5, down by Rs 4.9 or 2.78% from its previous closing of Rs 176.4 on the BSE. The scrip opened at Rs 176.5 and has touched a high and low of Rs 178.1 and Rs 168.5 respectively. The stock is currently trading above its 200 DMA.

Punjab National Bank is currently trading at Rs 195.3, down by Rs 5.85 or 2.91% from its previous closing of Rs 201.15 on the BSE. The scrip opened at Rs 203 and has touched a high and low of Rs 204.5 and Rs 192.25 respectively. The stock is currently trading above its 50 DMA.

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

For More Live Updates Visit:

http://moneycapitalheight.blogspot.in/

BHEL aims to Increase Non-Power Revenue to 40% by 2022

FundsIndia.com, an online investment platform for mutual funds and equities, has launched a facility for investors to link their Aadhaar number with their mutual fund investment accounts, stated a release from the company

FundsIndia is the first online mutual fund distribution platform to enable its clients with this feature.

As per government rules, all mutual fund and equity investors have to link their Aadhaar number to their investment accounts (with all fund houses) by December 31, 2017.

Failing to do so will result in their accounts becoming non-operational. Now, with FundsIndia’s easy Aadhaar linking feature, customers will be able to link their Aadhaar with all the fund houses they have investments with, through FundsIndia. It eliminates the inconvenience of linking their Aadhaar number individually with asset management companies or AMCs or  Registrar and Transfer Agent.

FundsIndia, an initiative of Wealth India Financial Services, is India’s first online-only investment website. It offers an array of financial products like mutual funds, equities, and deposits.

FundsIndia has over 1.5 lakh investors on board, over Rs 4500 crore in AUM, and processes 2,40,000 SIPs every month.

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

For More Live Updates Visit:

http://moneycapitalheight.blogspot.in/

1 2