CH Stock Market Closing Bell 08-Nov-2017

closing bell

Closing bell

CH CLOSING BELL:

NIFTY FUTURE DOWN 44 @ 10365

BANK NIFTY FUTURE DOWN 58 @ 25338

SENSEX DOWN 151 @ 33218

INR 64.95

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Cipla Rises 4% Post Q2 FY18 Numbers

 

 

 

 

 

 

 

Shares of Cipla rose 4% after the pharmaceutical major reported its Q2 numbers, and said it will expand its footprint to China.

The company said it aims to take its product portfolio to new geographies, including China. Introducing respiratory products in the heavily polluted country could drive up the drugmaker’s growth, it said.

The company’s consolidated revenue for the quarter came in at Rs 4,082.4 crore, registering 8.8% yoy increase. This was primarily driven by 9% yoy increase in revenues from Pharmaceutical segment.

The PAT for the quarter came in at Rs. 434.9 crore, yoy increase of 17.7%.

Cipla Ltd is currently trading at Rs 628.25, up by Rs 19.9 or 3.27% from its previous closing of Rs 608.35 on the BSE. The scrip opened at Rs 623.7 and has touched a high and low of Rs 636.5 and Rs 620.8 respectively.

Cipla is one of the major players in the domestic formulations market, which contributes 38.6% to revenue. The company’s geographic revenue mix in Q4FY17 was India 33%, emerging markets 23%, South Africa 13%, North America 18% and Europe and global API’s 5% and others 3%.

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Results to Watch Out – Bharat Forge, Ashok Leyland, Mahanagar Gas

Quarterly Results

 

 

 

 

 

 

 

The results that are expected today include Arvind Ltd, United Breweries, Ashok Leyland, Mahanagar Gas, Bharat Forge, Petronet LNG, Pidilite Ind, Rain industries, CESC, Chennai Petro, Balkrishna Ind, GSFC, Shree Cement, Voltas, OBC, Muthoot Fin, Future Consumer, Mas Financial, Petronet LNG, Pidilite Industries, Thermax, Va Tech Wabag, Voltas, Welspun India.

Here is the street expectation for the companies:

Bharat Forge Q2 FY18 (YoY):

      • PAT likely to increase 57% at Rs 200 Cr
      • Revenue may grow 40% at Rs 1,250 Cr.
      • EBITDA seen 45% higher at Rs 360 Cr.

Ashok Leyland Q2 FY18 (YoY):

      • PAT may grow 33% at Rs 385 Cr.
      • Revenue may rise 33% at Rs 6,180 Cr.
      • EBITDA seen 28% higher ar Rs 680 Cr.

Mahanagar Gas Q2 FY18 (YoY):

      • PAT may increase 5% higher at Rs 130 Cr.
      • Revenue likely to increase 6% at Rs 561 Cr.
      • EBITDA may rise 4% at Rs 211 Cr.

Petronet LNG Q2 FY18 (YoY):

      • Profit seen 6% higher at Rs 465 Cr.
      • Revenue may rise 7% at Rs 6,906 Cr.
      • EBITDA Margin may grow 3% at Rs 765 Cr.

Shree Cement Q2 FY18 (YoY):

    • Profit may decrease by 4.8% at Rs 277.5 Cr.
    • Revenue seen 7% higher at Rs 2,154.5 Cr.
    • EBITDA may fall 26% to Rs 487.8 Cr.

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Stocks that are Buzzing on D-Street

Business People
Check out the stocks that are trending on the Dalal Street:

Shares of TeamLease Services  surged as much as 15% after it signed an agreement to buy 40% stake in Schoolguru Eduserve for an enterprise value of Rs 43 crore.

Adani Power stock rose nearly 3% after the company has signed power purchase agreement with Bangladesh Power Development Board.

Shares of Bharti Airtel fell today after multiple block deals were seen on the BSE and the NSE. Around 2.19 crore shares changed hands in multiple block deals.

Lupin stock up 1% on short covering as the company said it would try to resolve warning letter early.

Cipla stock surged 4% post better-than-expected earnings.

Ujjivan stock rallies over 5% after 1.03 Cr shares or 7.7% equity change hands in multiple blocks on the NSE.

Sun Pharma stock climbed 3% after its subsidiary Taro Pharmaceutical beat consensus street estimates in September quarter.

L&T Technology Services stock zoomed over 4% after the company reported a 10% increase in its consolidated net profit to Rs 123 crore in the three months ended September 30.

Axis Bank will hold a board meeting on Friday to consider raising funds through a sale of shares or equity-linked securities, it said on Tuesday. The stock is trading higher by 1.5% on the NSE.

JSW Energy stock advanced 2% after it secured an order from Power Company of Karnataka for a supply of 200 MW power from November 8 to May next year, the company said.

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Tata Coffee down 4% Jul-Sep consol PAT falls 24% YoY

Shares of Tata Coffee declined by 4% to a one-month low today after the company posted a 24.4% on-year fall in consolidated net profit at Rs 228.2 million for the quarter ended September.The company’s revenue from operations rose 4% on year to Rs 3.8 billion during the quarter. However, operating margin contracted to 18.75% in Jul-Sep from 22.79% in the corresponding period last year.

Tata Coffee Ltd is currently trading at Rs 150.3, down by Rs 6.7 or 4.27% from its previous closing of Rs 157 on the BSE. The scrip opened at Rs 153.85 and has touched a high and low of Rs 153.85 and Rs 148.5 respectively.

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CH Stock Market Opening Bell for 08-Nov-2017

Opening bell

CH: OPENING BELL:

NIFTY FUTURE UP 1 @ 10411

BANK NIFTY FUTURE UP 54 @ 25451

SENSEX UP 46 @ 33417

INR 65.18

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International Market Update by Money CapitalHeight

CH: INTERNATIONAL MARKET UPDATE

GOLD $ 1277.98

SILVER $ 17.01

COPPER $ 3.08

CRUDE $ 57.02

INR 65.15

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World Market Update by Money CapitalHeight

CH: WORLD MARKET UPDATE

HANG SENG -10

NIKKEI -68

SHANGHAI 3

DOWJONES 8.81

NASDAQ -18.65

SGX NIFTY 15

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CH Bank Nifty Market Trend for 08-November- 2017

CH: BANK NIFTY TREND -BULLISH

BANK NIFTY FUTURE LEVELS

SUPP 1: 25230

SUPP 2: 24885

RES 1:25620

RES 2: 25950

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CH Nifty Market Trend for 8-November- 2017

CH: GOOD MORNING

NIFTY TREND-BULLISH

NIFTY SPOT LEVELS

SUPP 1: 10315

SUPP 2: 10230

RES 1: 10415

RES 2: 10490

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