CH Stock Market Closing Bell 15-Nov-2017

CH CLOSING BELL:

NIFTY FUTURE DOWN 70 @ 10163

BANKNIFTY FUTURE DOWN 73 @ 25327

SENSEX DOWN 152 @ 32789

INR 65.22

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Airbus wins Biggest Jet order from Indigo Partners

Airline pioneer Bill Franke placed a historic order for 430 Airbus A320neo-family jets on Wednesday, doubling down on investments in ultra-low cost airlines that offer bargain ticket prices coupled with a slate of extra fees.

The deal was worth $49.5 billion at list prices. Franke, 80, signed the preliminary order at the Dubai Airshow. It was one of the industry’s biggest deals by volume and the most planes ever sold by Airbus in one batch.

The umbrella deal is designed to supply aircaft to four airlines in which Franke’s Indigo Partners investment company has stakes: U.S.-based Frontier Airlines, Mexico’s Volaris, Chilean carrier JetSmart and Hungary’s Wizz.

Airbus said the deal would be finalised before the end of this year.

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SBI Initiates Process to Sell NPAs worth Rs 1,580 cr

Country’s largest lender, State Bank of India (SBI) has started the process of selling non-performing assets (NPAs) worth Rs 1,580 crore to financial institutions, reports Mint.

The report said 11 non-performing assets have been put up for sale through a bidding process. The bank has managed to sell bad loans worth Rs 763 crore to asset reconstruction companies (ARCs) in the last two quarters of this financial year.

On an earnings call on November 10, Rajnish Kumar, Chairman of SBI has said the bank will sell only those assets where an intended price is earned.

Banks are selling only those assets where they are able to get full cash or higher cash component as they are required to provide more money in reserve from this fiscal on sale of assets where it gets more than 50 percent in security receipt.

The proportion of cash component in the deal done with ARCs constitutes only 15 percent of net asset value upfront and security receipts consist 85 percent.

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Adient to Invest $30 mn for Prototyping Facility in Pune

Global automotive seating solutions provider Adient will invest USD 30 million to set up a prototyping and testing facility in Pune.  The facility, the largest of its kind to come up in the country, will be functional by late next year, Adient’s vice-president for engineering and chief technical officer Detlef Juersus said here.

The ground-breaking ceremony for the facility, which will come up in a 20,000 square metres area, took place yesterday, he said. The upcoming facility will be in addition to the Irish company’s existing technical centre here, which employs around 150 engineers and contributes majorly to Adient’s global industrial design operations, he said.

“This investment of USD 30 million is an important milestone for us as we optimise our engineering footprint around the world to deliver global products and innovation capabilities wherever our customers are,” Juersus said.

With this new facility, Adient will be able to fully execute product development, including design and product validation, for global and local launch markets in Pune, all backed by cutting-edge infrastructure that will be helpful to the domestic automotive industry, he said.

The Dublin-headquartered company sells one in three automotive seats in the world and works with all major automakers and vehicle classes.

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ONGC, Cairn bid for 41 Oil and Gas areas

natural gas call from capitalheight

Oil and Natural Gas Corp (ONGC) put in expression of interest for 41 areas while Vedanta’s oil unit, Cairn India sought rights over 15 areas, sources privy to the development said.

Hindustan Oil Exploration Co (HOEC) bid for one area in a round that was shunned by biggies like Reliance Industries.

India in July opened 2.8 million sq km of sedimentary basins for oil and gas exploration in a bid to raise domestic production and cut excessive dependence on imports.

The Open Acreage Licensing (OAL) allows companies to select blocks or areas after studying seismic data to explore and produce oil and gas. The first round of bidding closes today.

In all, 56 expressions of interest or EoIs have been received so far, source said. Oil India Ltd (OIL) is the other main bidder while the rest are smaller companies.

BP plc team visited data room but has not put in any bids so far, they said.

OAL replaces the old system of government carving out areas and bidding them out. OAL allows investors to carve out their own areas and put in an EoI. Once an EoI is received for an area, it is put on competitive bidding and any company offering the government maximum share of oil and gas is awarded the block.

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Sun Pharma falls over 4%, Lupin, RComm 52-week low

stock-market-crash

The Indian benchmark indices on Wednesday afternoon were in bear grip with the Nifty down 58 points or 0.57 percent while the Sensex shed 155 points at 32782.

The Nifty midcap index led the Nifty fall which was down 0.82 percent dragged by GMR Infra, Bharat Financial, Hindustan Zinc, Reliance Capital,Reliance Infra and Voltas.

From the Nifty, the stocks that gained the most were BPCL which gained close to 2.5 percent while Tech Mahindra was up 1.63 percent. Ambuja Cements, ICICI Bank and HPCL were the other top gainers.

The most active stocks were TCS, Bank of Baroda, Reliance Industries, Jet Airways and State Bank of India.

The top losers were Sun Pharma and Hindalco Industries which were down over 4 percent each while ONGC, Indiabulls Housing Finance and Vedanta were the othet top losers.

From the BSE, the stocks that gained the most included Religare Enterprises which zoomed 10 percent while Fortis Healthcare added over 8 percent. Biocon and Videocon Industries were the other top gainers.

43 stocks hit new 52-week high on NSE including Automotive Axles, Jubilant Foodworks, Balkrishna Industries, Jet Airways, Minda Industries, Tata Global Beverage, Voltas, etc among others.

Dena Bank, Lupin, Reliance Communications, Reliance Infra, Reliance Power and Sakthi Sugars were some of the stocks hit new 52-week low in the afternoon trade.

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Gold steady as Dollar firms ahead of US Consumer Data

Gold prices held steady early Wednesday, after hitting a more than one-week low in the previous session, as the dollar firmed and investors waited for cues from U.S. consumer inflation data.

FUNDAMENTALS

Spot gold was nearly unchanged at $1,280.90 per ounce at 0103 GMT. On Tuesday, gold touched a session low of $1,270.56, a bottom since Nov. 6, before recovering to gain about 0.2 percent.

U.S. gold futures for December delivery slipped 0.2 percent to $1,280.90.

The dollar index , which tracks the U.S. currency against a basket of six major rivals, edged up 0.1 percent. The immediate focus for the dollar was data on U.S. consumer prices due later in the day.

Four of the world’s top central bankers promised on Tuesday to keep openly guiding investors about future policy moves as they slowly withdraw the huge monetary stimulus rolled out during the financial crisis.

U.S. Senate Republicans on Tuesday linked repealing a key component of Obamacare to their ambitious tax-cut plan, raising new political risks and uncertainties for the tax measure that financial markets have been monitoring closely for months.

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Indian Rupee opens flat at 65.43 per Dollar

Rupee vs Dollar

The Indian rupee opened flat at 65.43 per on Wednesday dollar versus 65.42 Tuesday.

Pramit Brahmbhatt of Veracity said, “The rupee will trade with a negative bias on the back of negative cues from domestic equity market. We expect the spot USD-INR to trade in a range of 65.20-65.80.”

The dollar held steady ahead of US consumer inflation data due later today while the euro remained close to 2-1/2 week highs, getting a boost from upbeat German economic data.

Dhawal Dalal of Edelweiss AMC said, “Bond yields continue to trend higher amid rising inflation and unwinding of positions. Sentiment is weak amid continued supply pressure and uncertainty on oil prices and its impact on inflation going forward.”

“Market participants are unwilling to build positions despite yields looking attractive. We expect bond yields to remain rangebound in the near term in absence of any positive triggers,” he added.

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Stocks which could give up to 17% Return

Buzzing Stocks

The Nifty50 dragged down from higher levels amid liquidation of long positions and short buildup. The recent data has turned negative and is indicating a probability of further profit booking moving forward.

We have seen aggressive call writing and put unwinding in recent trading sessions as call writers were active in 10,300 and 10,400 strikes calls indicating limited upside.

This clearly indicates lack of buying interest and discomfort in the market. Moreover, in November series we have continuously seen selling by FIIs at higher levels.

Here is a list of top five stocks which can give up to 17% return in the short term:

Cera Sanitaryware:

The stock has given consolidation breakout above 3400 levels in the week gone by after trading in a thin range of 3100-3400 for more than five weeks.

Moreover, on the daily charts, prices are maintaining well above its short and long-term moving averages and are trading in a rising channel by making higher highs and higher lows.

Traders can accumulate the stock in the range of 3475-3490 for the target of 3965 with a stop loss below 3200.

Royal Orchid:

On the weekly charts, the stock can be seen trading higher since the beginning of the year and has also given handsome returns in the recent past.

However, on a shorter time frame charts, prices were seen consolidating in range of 125-150 from last eight weeks. This week prices have once again given a breakout above the recent resistance of 150 with a sharp spike in volumes.

Moreover, on the daily charts, the stock has also given a breakout above the rectangle formation which is traded as continuation pattern of the previous trend. Traders can accumulate the stock in the range of 150-156 for the upside target of 176 with a stop loss below 135.

Bliss GVS Pharma:

After witnessing a sharp rise from 160 levels, the stock has been seen consolidating in the range of 170-185 on daily charts.

The consolidation in prices has formed pennant formation from the technical front and now this week stock has given upside breakout in prices above the pattern formation with marginally higher volumes.

The pattern is traded as the continuation pattern. Traders can accumulate the stock in the range of 187-192 for the target of 213 with a stop loss below 172.

M&M:

The stock has formed an inverted head and shoulder formation on daily charts and has also managed to give breakout above the neckline of 1400 levels this week.

Moreover, decent volume addition with the rise in price supports the more upside in prices moving forward. So, traders can accumulate the stock in the range of 1410-1430 for the target of 1575 with a stop loss below 1320.

Thermax:

After tumbling below its 200-days exponential moving average (DEMA) on the daily charts, the stock has given a sharp recovery from lower levels and once again manage to hold its prices above its short and long-term moving averages.

Moreover, if we see the broader picture, the stock has formed a cup and handle formation on the weekly charts and has also managed to give a breakout above the falling trend line of the formation.

Traders can accumulate the stock in the range of 995-1005 for the target of 1145 with a stop loss below 910.

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Stocks in the News for 15-November-2017

Here are stocks that are in news today:

Fedders Electric And Engineering- Weak

Q2FY18 YoY

Revenue 7% at 309cr

EBITDA down 31%

Margins down 250 bps at 7.3%

PAT down 82% at 1.7cr

Dixon Technologies (India)

Q2FY18 YOY

Revenue up 19% at 878cr

EBTIDA up 20% at 34.2cr

Margins flat at 3.9%

PAT up 34% at 20.7cr

Cox & Kings

Q2FY18 YOY

Revenue down 38% at 1592cr

EBTIDA up 85% at 347cr

Margins at 21.8% vs 7.3%

PAT up 140% at 202cr

Bhushan Steel

Q2FY18 YOY

Revenue up 44% at 4324cr

EBTIDA down 3% at 571cr

Margins down 630 bps at 13.2%

Loss at 467cr vs Loss at 980cr

Power Mech Projects

Q2FY18 YoY

Revenue up 6% at 345cr

EBITDA up 27% at 45.4cr

Margins up 210 bps at 13.2%

PAT up 22% at 19.2cr

Panacea Biotec

Q2FY18 YoY

Revenue up 45% at 152cr

EBITDA at 46.8cr vs 6.9cr

Margins at 30.8% vs 6.6%

Loss at 5.6cr vs Loss of 47.9cr

Moil

Q2FY18 YoY

Revenue up 46% at 286.7cr

EBITDA at 116cr vs 18.7cr

Margins at 40.6% vs 9.5%

PAT at 92.6cr vs 41.4cr

MTNL

Q2FY18 YoY

Revenue down 12% at 1299cr

EBITDA loss at 483cr vs Loss of 519cr

Loss at 1433cr vs 1486cr

LT Foods

Q2FY18 YoY

Revenue up 3% at 853cr

EBITDA up 27% at 99cr

Margins up 220 bps at 11.6%

PAT up 37% at 36.4cr

Kwality Weak

PAT impaced by higher deprecation and finance cost

Q2FY18 YoY

Revenue up 8% at 1670cr

EBITDA up 12% at 116.4cr

Margins up 20 bps at 7%

PAT down 50% at 21cr

JBF Industries Weak

Q2FY18 YoY

Revenue down 26% at 764cr

Loss at 14.7cr vs Profit of 11.1cr

Hindustan Tin Works Inline

Q2FY18 YoY

Revenue up 4% at 73.7cr

EBITDA up 11% at 7.1cr

Margins up 60 bps at 9.6%

PAT up 12% at 1.9cr

Gayatri Projects

Q2FY18 YoY

Revenue up 21% at 423cr

EBITDA up 41% at 74.4cr

Margins up 250 bps at 17.6%

PAT up 104% at 23.7cr

Waterbase VVV Good

Q2FY18 YoY

Revenue UP 21% at 96.6cr

EBITDA up 193% at 15.5cr

Margins at 15.5% vs 6.4%

PAT up 276% at 9.4cr

Solar Industries India Good

Q2FY18 YoY

Revenue up 30% at 408cr

EBITDA up 34% at 87.5cr

Margins up 60 bps at 21.4%

PAT up 23% at 48.2cr

Shreyas Shipping & Logistics Very Good

Q2FY18 YoY

Revenue up 34% at 123.5cr

EBITDA at 26.8cr vs 7.4cr

Margins at 21.7% vs 8%

PAT at 19.7cr vs 2.4cr

Shakti Pumps India Weak

Q2FY18 YoY

Revenue down 14% at 67.6cr

EBITDA down 10% at 10.8cr

Margins up 80 bps at 16%

PAT down 35% at 3cr

Seya Industries Very Good

Q2FY18 YoY

Revenue up 6% at 82cr

EBITDA up 63% at 26.9cr

Margins at 32.8% vs 21.3%

PAT up 81% at 15cr

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