WEEKLY PERFORMANCE (9-13 OCT. 2017): CASH PREMIUM SEGMENT

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WEEKLY PERFORMANCE (9-13 OCT. 2017): FUTURE PREMIUM SEGMENT

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Today’s Intraday Option Performance CapitalHeight

BUY HINDALCO 250 CALL ABOVE 12.1

TG1 12.5 TG2 12.95 TG3 13.75 STOP LOSS 9.25

All Target Done

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Stocks in the News 12-October-2017

Results today: TCS, IndusInd Bank, Bajaj Corp, Cyient, Reliance Industrial Infrastructure, Nalin Lease Finance, Best Steel Logistics, NINtec Systems

TV18 Broadcast Q2
-Consolidated net profit at Rs 7.3 crore versus loss of Rs 1.1 crore (YoY)
-Consolidated revenue (as per Ind AS) at Rs 227.2 crore versus Rs 239.8 crore (YoY)
-Consolidated segment operating EBITDA at Rs 38 crore versus Rs 15 crore (YoY)

-Consolidated revenue at Rs 684 crore versus Rs 659 crore (YoY)

Network18 Q2
-Consolidated net loss at Rs 70.7 crore versus loss of Rs 90.5 crore (YoY)
-Consolidated revenue at Rs 326.9 crore versus Rs 378.6 crore (YoY)
-EBITDA loss at Rs 33.7 crore versus loss of Rs 72 crore (YoY)
-Homeshop18 in an agreement with Shop CJ to combine business of both companies via share swap

-Shop CJ shareholders will be issued 25 percent equity in Homeshop18 upon deal completion

MMTC, STC in focus: Sources say
-Commerce Ministry recommends relaxation for MMTC, PEC & STC on paying dividend

-Commerce Ministry writes to Finance Ministry seeking relaxation on dividend for MMTC, PEC & STC

Oil Minister, Dharmendra Pradhan says
-Working on a gas exchange for transparent pricing mechanism

-Cabinet approves LNG swapping mechanism with Japan

Lakshmi Vilas Bank
-Says NS Venkatesh, Executive Director & Chief Financial Officer resigns
-Resignations follow his appointment as MD & CEO of Association of Mutual Funds in India

-Q2 slippages at Rs 630 crore versus Rs 380 crore QoQ, watchlist now at Rs 1,700-Rs 1,750 crore

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Top 12 Stocks in Focus Today

Coal India signs pact for National Coal Wage. The wage agreement may have average Rs 5,667 Cr per year impact.

Dena Bank QIP opened at a floor price of Rs 30.73 per share.

Ashish Kacholia bought 62,837 shares or 0.7% stake at Rs 1395.36 each of Lumax Ind.

Rakesh Jhunjhunwala has increased stake in Prakash Industries to 1.64% at the end of the September quarter, from 1.01% at the end of the June quarter, as per BSE data.

A consortium of banks led by State Bank of India has ordered a forensic audit of construction group Punj Lloyds accounts after the borrower failed to service its loans for eight successive quarters.

Karur Vysya Bank rights issue to open from Oct 25 to Nov 10.

Sical Logistics approves buying MMTC’s 26% stake in unit Sical Iron Ore.

DCW commences commercial production of Chlorinated Poly Vinyl Chloride (CPVC) at its units in Tamil Nadu.

Repro India issued 5.92 lakh shares at Rs 675 each on preferential basis to Malabar India Fund, Malabar Value Fund and Kedia Securities.

Dixon Tech entered into Design, Manufacturing and supply agreement with Flipkart India.

PSP Projects bags order worth Rs 1575 Cr from Surat Diamond bourses.

IndiGo in advanced stages of talks to raise $1.2billion to procure ATR aircraft, as per media reports.

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Stocks in the News

Here are stocks that are in news today:

Results today: Goa Carbon, Network 18, TV18 Broadcast, Kirloskar Pneumatic, Lakshmi Vilas Bank

GM Breweries Q2
-Net profit up 41.1 percent at Rs 15.7 crore versus Rs 11.1 crore (YoY)
-Total income up 23.2 percent at Rs 384.8 crore versus Rs 312.4 crore (YoY)
-EBITDA up 46.4 percent at Rs 24.9 crore versus Rs 17.01 crore (YoY)
-EBITDA margin at 24.6 percent versus 19.4 percent (YoY)

-Other income at Rs 0.46 crore versus Rs 1.3 crore (YoY)

Oil Minister Dharmendra Pradhan says
-Forming a international think tank for reducing import dependency by 10 percent, enhance gas network
-Think tank to have local, global industry representatives, experts
-To soon seek cabinet approval for setting up a gas exchange
-Aim to gradually move towards market determined prices for gas
-During transition phase priority sectors to get gas at government determined prices
-In next 10 years, India is offering projects worth USD 300 billion

-In the next 7 years, India will add another 120 million tonnes of refining capacity

Economic Affairs Dept approves 4 FDI proposals in September
Government says
-FDI approvals worth Rs 85.45 crore cleared in September
-Approved FDI applications of India Ports & Logistics, Aashiyaan Housing
-Approved FDI applications of Principal PNB Asset Management, Invesco Asset Management

-FDI proposal from CRISIL on peer-to- peer lending platform withdrawn

Coal India
-Signs MoA for National Coal Wage Agreement-X for a period of 5 years

-Agmt to impact 2.98 lakh coal workers & have an annual impact of Rs 5,667 crore

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Stocks in the News 09-October-2017

Here are stocks that are in news today:

Reliance Industries

-Reliance sells its assets in the Marcellus Shale Play of North-Eastern And Central Pennsylvania for USD 126 million

-Company had acquired a 60 percent stake in the upstream field in 2010 for USD 392 million as part of a joint venture with Carrizo Oil and Gas, which operated the field

SPARC

-Baclofen GRS did not meet primary end point in placebo controlled studies

-Bacoflen is a muscle relaxer used to treat symptoms caused by Multiple Sclerosis

GST

-Number Of Items In The 28% Tax Slab Being Trimmed By GST Council

-GST Rate On Khakra To Be Cut From 12% To 5%

-Threshold For Composition Scheme Hiked To `1 Cr

Other stocks and sectors in the news today:

-Adani Enterprises announces plans to demerge its renewable energy business into associate company Adani Green Energy as part of simplifying overall business structure

-PNB puts 32 NPAs with unpaid loans of Rs 1,176 crore on block: ET

-GTL Infra lenders try to block Reliance Capital arm’s attempt to buy company: ET

-Jaiprakash Associates to demerge some of its assets to a wholly owned subsidiary alongwith debt of Rs 11,834 crore

-Arrow Greentech received Patent rights from European Patent Authorities

-Sagar Cements says September production up 38.1 percent at 2,01,690 Mts versus 1,46,051 Mts (YoY) and sales up 38.3 percent at 2,05,097 Mts versus 1,48,313 Mts (YoY)

-Goa Carbon sold 22,419.718 MT of calcined petroleum coke in September, up 7.5 percent compared to August

-Mindtree approves scheme of amalgamation of magnet 360 LLC with the Company

-SEBI issues new rules for categorisation & rationalisation of mutual fund schemes

-Kerala FM Says exporters to get IGST relief for 6 months

-SMEs with annual turnover of up to Rs 1.5 crore allowed to file quarterly returns

-PAN card not needed for jewellery purchase of over Rs 50,000

-GST rate on water pumps reduced to 18 percent from 28 percent

-GST rate on manmade yarns lowered to 12 percent from 18 percent

-RBI puts OBC under prompt corrective action in view of high net NPA

-Zee Entertainment acquires 100 percent equity stake in 9X Media Private for Rs 160 crore and acquisition of balance 26% Equity stake in Zee Turner

-Zydus Cadila receives final approval from the USFDA for Amitriptyline Hydrochloride Tablets US

-USFDA issues EIR for Shilpa Medicare’s manufacturing facility at Jadcherla in Telangana

-Shoppers Stop exits duty free airport retail business disposes of 40 percent for consideration of Rs 6 crore

-Maruti Udyog has received export-orders for supply of LPG Cylinders for Rs 48.40 crore during the months of May-2017 to September 2017

Precision Wires to close down sales depots in 5 states due to uniform rate under GST

-India Glycol to explore and evaluate disposal/sale of co’s subsidiary in Shakumbari Sugar and Allied Ind

-TNPL’s long term bank facilities revised to CARE A Stable from A+

-Lovable Lingerie approves buyback at Rs 250 representing up to 11.9% of the total paid-up equity share capital of the Company, total consideration Rs 50 crore, promoters to participate

-Aurobindo Pharma gets US FDA nod for Moxifloxacin Hydrochloride Ophthalmic solution

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GST Council Reduces Compliance Issues, Rates Cut on 27 Items

The Goods and Services tax (GST) council on Friday cut rates on 27 items and 12 services, and approved sweeping changes in rules to soothe frayed nerves of millions of small enterprises and exporters that have been battling with procedural irritants, delayed refunds and technical glitches on returns filing.

The Finance Minister Arun Jaitley-headed panel pushed for big changes in its 22nd meeting to iron out rough edges of the new tax system that has been hit by multiple pain points since it was rolled out on July 1.

The Council relaxed return filing rules for small and medium enterprises (SMEs), deferred the controversial reverse charge mechanism (RCM) till March 31, 2018, and hastened tax refunds for exporters battling cash crunch.

Jaitley said that the annual turnover threshold on the composition scheme has been raised from Rs 75 lakh to Rs 1 crore.

Under the scheme, traders, manufacturers and restaurants can pay tax at 1, 2 and 5 percent, respectively. The move to widen the turnover threshold is aimed at easing the compliance burden for taxpayers as they will have to file returns only once in a quarter as against monthly returns that needs to be filed by other normal taxpayers.

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RBI Leaves Repo Rate Unchanged

RBI Leaves Repo Rate Unchanged at 6%; cuts GVA Growth Estimate

Governor Urjit Patel-headed six-member monetary policy committee (MPC) on Wednesday kept the short-term lending rate, also known as repo rate, constant at 6 per cent.

The committee left cash reserve ratio (CRR) unchanged at 4 per cent, but cut the statutory liquidity ratio (SLR) requirement by 50 basis points to 19.5 per cent.

The projection of real GVA growth for 2017-18 has revised down to 6.7 per cent from the August 2017 projection of 7.3 per cent, with risks evenly balanced.

Within seconds of the announcement, the benchmark indices pared some gains even as the outcome was much in line with the consensus view.

RBI is beset with an entirely new set of problems now – inflation is raising its ugly head again, the foundation of the economy looks shaken, FIIs are fleeing the country and the rupee is tumbling.

The domestic currency hit a low of 68.86 to the dollar in November 2016 on the government’s surprise note ban, but bounced back to trade in the 64-66 range only to slip again in last one month. The country’s GDP growth slipped to 5.7 per cent in June quarter from 7.3 per cent in September quarter last year.

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RBI Policy LIVE

RBI Policy LIVE: MPC expected to hold rates as inflation, growth concerns loom

  • The Reserve Bank of India’s Monetary Policy Committee is scheduled to announce its fourth bi-monthly policy of the year at 14:30 IST.
  • Bankers and economists expect the central bank to keep rates unchanged but market participants and the government are both hoping for a 25 basis points rate cut.
  • Given the prevalent concerns about a slowdown in the economy, economists expect the RBI to exercise caution and keep rates unchanged.
  • India’s GDP growth slowed down to a three-year low of 5.7 percent at the end of the June quarter and consumer inflation hit a 5-month high of 3.36 percent in August.
  • The RBI has a target of keeping consumer inflation at around 4 percent and given the recent rise in crude prices, which are currently near a 2-year high, the central bank might want to keep a hold on inflation for the time being.
  • The Confederation of Indian Industry (CII) recently called for a 100 basis points cut in interest rates, saying it was the only way to boost the economy.
  • Several other bodies and the government have also made calls for a rate cut to help India out of the slowdown it is currently experiencing.

we bring you live updates and much more on the RBI’s 4th bi-monthly monetary policy announcement.

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