Nifty Eyes 8150; SBI Tanks 5%, Auto & Oil Stocks Lead

Bussing stocks11:55 am Exclusive: Speaking to CNBC-TV18 from the sidelines of Pune Inc Conclave Power Minister Piyush Goyal said demonetization has huge advantages. It will take India to digital banking and make it a cashless society.

He said the government will use the money from demonetization to pump prime economy.

When asked what one should expect from the Union Budget on February 1, Goyal said ‘Good things’. He said: “The Finance Minister over the last three Budgets – July’14, Feb’15 and Feb’16 has consistently worked on a series of measures. He focused on a sustainable framework for India’s development.”

FM Arun Jaitley never tinkered with rates, minor changes but looked at structural improvements, so that India could move towards and economy, which like China sees 2-3 decades of high-level growth, said Goyal.

11:45 am Sameer Nair Group CEO of Balaji Telefilms says that new shows have a much lower margin and hopes to have 10 shows on air by FY17 end.

TV business gross margin is likely to be up 25 percent by this fiscal year, he believes.

The plan now is to get next releases of movies in the next fiscal year, he says, adding that film business will likely book profit in FY18.

Balaji Telefilms will look to air new shows on Sony, Sun TV and Doordarshan.

11:30 am Exclusive: The demonetization move by the government on November 8 seems to have put the buzzing FMCG sector on a pause mode.

Industry sources told CNBC-TV18 that top FMCG companies like HUL , Nestle India , ITC, as well as Dabur are adopting a ‘wait and watch’ mode with regards to new product launches and may defer new launches of high-end, premium products by one-two quarters.

They would look at geography specific launches to minimise the impact of demonetization, say sources, adding that the worst hit categories are luxury chocolates, premium cookies and ice-creams.

Nestle, ITC may defer launches in premium chocolate, confectionery & cookies space, and HUL, Dabur may defer product launches in premium personal care space, say industry sources.

The market has recovered from early weakness but the Nifty is almost nearing 8150. The 50-share index is up 6.80 points at 8121.10 and the Sensex is up 21.34 points at 26337.68. About 1457 shares have advanced, 652 shares declined, and 112 shares are unchanged.

Bharti Airtel, Cipla, Hero MotoCorp, BHEL and Bajaj Auto are top gainers while ICICI Bank, Wipro, TCS and Axis Bank are losers in the Sensex. SBI is down 5 percent intraday on Monday after RBI increased cash reserve ratio (CRR).

India is proving to be immune from the heavy selling in global emerging market debt, as Prime Minister Narendra Modi’s clampdown on undeclared cash has sparked expectations of a rate cut and pushed issuers to take advantage of low yields.

Indian Railways Finance Corporation, NTPC, Vedanta Resources, Exim India and Axis Bank all rushed to print rupee notes last week to access cheaper funding.

“The debt market is very compelling,” said Killol Pandya, head of fixed income at Peerless Funds Management. “Issuers that were otherwise going to banks are approaching the bond market as banks are yet to cut lending rates.”

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Live Stock Market Updates – Nifty hovers at 8,400 mark

There is selling pressure seen in the Indian stock market.  Donald Trump elected as US President.

The Indian stock market crashed on opening on Wednesday morning, with the Sensex sinking over 1,600 points while the Nifty slumped to near 8,000 levels.

The Nifty cracked over 400 points but bounced back from its crucial support level of 8,000. The fall in the index was weighed down by losses in realty, power, oil & gas, metal, consumer durable, and banking stocks.

At 12:01 PM, the S&P BSE Sensex is trading at 26,791 down 800 points, while NSE Nifty is trading at 8,243 down 303 points.

The BSE Mid-cap Index is trading down 4.72 % at 12,350, whereas BSE Small-cap Index is trading down 5.74% at 12,303.

Bharti Infratel, HDFC Bank, Power Grid, Lupin are losing sheen on NSE.

All the BSE sectoral indices were trading in the negative territory. Realty, metal, auto and IT are showing weakness on NSE.

The INDIA VIX is up 19.60% at 20.0575. Out of 1,870 stocks traded on the NSE, 1,495 declined, 78 advanced and 297 remained unchanged today.

A total of nine stocks registered a fresh 52-week high in trade today, while 170 stocks touched a new 52-week low on the NSE.

The rupee opened lower by 19 paise at 66.80/$ as against the previous close of 66.61/$.

On the economy front, Prime Minister Narendra Modi to abolish the Rs 500 and Rs 1,000 notes on Tuesday. Nearly 40 percent of the economy is driven by small- and medium-sized enterprises that largely run on cash transactions.

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Stocks in news: Tech Mah, Bajaj Auto, GMR, NMDC, Wonderla, MOIL

Here are stocks that are in news today:

Results today:

Bajaj Auto   , NTPC   , Colgate Palmolive , Vedanta   , Dish TV , Eicher Motors   ,Grasim Industries

Tech Mahindra   Q2

-Constant currency growth at 5 percent QoQ

-Consolidated net profit down 19.2 percent at Rs 643.4 crore versus Rs 796.5 crore (QoQ) -Consolidated total income up 3.6 percent at Rs 7,167.4 crore versus Rs 6,921 crore (QoQ)

-Consolidated EBIT down 0.2 percent at Rs 825.4 crore versus Rs 827.3 crore (QoQ) -Consolidated EBIT margin at 11.50 percent versus 11.95 percent (QoQ)

-US dollar revenue at USD 1,072.4 million versus USD 1,031.5 million (QoQ)

Glenmark Q2

-Net profit up 10.9 percent at Rs 219.3 crore versus Rs 197.7 crore (YoY)

-Total income up 16.5 percent at Rs 2,224.1 crore versus Rs 1,909.4 crore (YoY)

-EBITDA up 11.7 percent at Rs 448.7 crore versus Rs 401.8 crore (YoY)

-EBITDA margin at 20.2 percent versus 21 percent (YoY)

Adlabs Entertainment   Q2
-Net loss at Rs 44 crore versus loss of Rs 35.4 crore (YoY)

-Total income up 6.5 percent at Rs 36.9 crore versus Rs 34.7 crore (YoY)

-EBITDA at Rs 1.1 crore versus loss of Rs 6.3 crore (YoY).

De Nora India   Q2

Net profit down 80.6 percent at Rs 0.6 crore versus Rs 3.1 crore (YoY)

-Total income down 37.1 percent at Rs 9 crore versus Rs 14.3 crore (YoY)

-EBITDA down 89.1 percent at Rs 0.5 crore versus Rs 4.6 crore (YoY)

-EBITDA margin at 5.6 percent versus 32.2 percent (YoY)

Sarla Performance Fibers   Q2

-Net profit up 3 percent at Rs 13.6 crore versus Rs 13.2 crore (YoY)

-Total income down 0.7 percent at Rs 81 crore versus Rs 81.6 crore (YoY)

-EBITDA unchanged at Rs 20.3 crore (YoY)

-EBITDA margin at 25.1 percent versus 24.9 percent (YoY)

Panasonic Energy India Q2

-Net profit up 2.7 percent at Rs 3.8 crore versus Rs 3.7 crore (YoY)

-Total income up 2.7 percent at Rs 65.4 crore versus Rs 63.7 crore (YoY)

-EBITDA down 3.6 percent at Rs 5.3 crore versus Rs 5.5 crore (YoY)

-EBITDA margin at 8.1 percent versus 8.6 percent (YoY)

Dalmia Bharat Sugar Q2

-Net profit at Rs 48.3 crore versus loss of Rs 5.1 crore (YoY)

-Total income up 59.9 percent at Rs 423 crore versus Rs 264.6 crore (YoY)

-EBITDA at Rs 81.4 crore versus Rs 20.2 crore (YoY)

-EBITDA margin at 19.2 percent versus 7.6 percent (YoY)

-Sugar sales volume up 5 percent at 1 lakh tonnes versus 0.95 lakh (YoY)

-Distillery sales volume up 121 percent (YoY)

GSK Pharma Q2

-Net profit up 3.5 percent at Rs 98.9 crore versus Rs 95.6 crore (YoY)

-Total income up 11.4 percent at Rs 799.1 crore versus Rs 717.5 crore (YoY)

-EBITDA up 9.9 percent at Rs 140.7 crore versus Rs 128 crore (YoY)

-EBITDA margin at 17.6 percent versus 17.8 percent (YoY)

JK Paper   Q2

-Net profit at Rs 44 crore versus Rs 18 crore (YoY)

-Total income up 14.6 percent at Rs 720.7 crore versus Rs 629 crore (YoY)

-EBITDA up 34 percent at Rs 139.1 crore versus Rs 103.8 crore (YoY)

-EBITDA margin 19.3 percent versus 16.5 percent (YoY)

Astec Life   Q2

-Net profit at Rs 11.2 crore versus Rs 2 crore (YoY)

-Total income up 31.4 percent at Rs 90.3 crore versus Rs 68.7 crore (YoY)

-EBITDA at Rs 23.3 crore versus Rs 10.2 crore (YoY)

-EBITDA margin at 23.3 percent versus 14.8 percent (YoY)

Kewal Kiran Clothing   Q2

-Net profit up 22.4 percent at Rs 29.5 crore versus Rs 24.1 crore (YoY)

-Total income up 9.2 percent at Rs 155.3 crore versus Rs 142.2 crore (YoY)

-EBITDA down 1.9 percent at Rs 36.9 crore versus Rs 37.6 crore (YoY)

-EBITDA margin at 23.8 percent versus 26.4 percent (YoY)

Cupid   Q2

-Net profit up 31.7 percent at Rs 5.4 crore versus Rs 4.1 crore (YoY)

-Total income up 40.8 percent at Rs 22.1 crore versus Rs 15.7 crore (YoY)

-EBITDA up 34.3 percent at Rs 9 crore versus Rs 6.7 crore (YoY)

-EBITDA margin at 40.7 percent versus 42.7 percent (YoY)

Wonderla Holidays  

Q2 -Net profit at Rs 2.9 crore versus Rs 11.9 crore (YoY)

-Total income up 16.2 percent at Rs 50.2 crore versus Rs 43.2 crore (YoY)

-EBITDA down 30.6 percent at Rs 10.2 crore versus Rs 14.7 crore (YoY)

-EBITDA margin at 20.3 percent versus 34 percent (YoY)

Zee Media   Q2

-Net profit at Rs 5.8 crore versus loss of Rs 1.5 crore (YoY)

-Total income down 1 percent at Rs 87.5 crore versus Rs 88.4 crore (YoY)

-EBITDA at Rs 16.4 crore versus Rs 4.1 crore (YoY)

-EBITDA margin 18.7 percent versus 4.6 percent (YoY)

Pricol   Q2

-Net profit at Rs 19.6 crore versus Rs 2.8 crore (YoY)

-Total income up 35.8 percent at Rs 333.3 crore versus Rs 245.5 crore (YoY)

-EBITDA at Rs 39.3 crore versus Rs 14.7 crore (YoY)

-EBITDA margin at 11.8 percent versus 6 percent (YoY)

EPC Industrie   Q2

-Net loss at Rs 1.1 crore versus loss of Rs 0.13 crore (YoY)

-Total income up 9.4 percent at Rs 45.3 crore versus Rs 41.4 crore (YoY)

JHS Svendgaard   Q2

-Net profit at Rs 1.3 crore versus loss of Rs 0.9 crore (YoY)

-Total income up 20.2 percent at Rs 30.9 crore versus Rs 25.7 crore (YoY)

Essel Propack   Q2

-Net profit up 27.3 percent at Rs 70.8 crore versus Rs 55.6 crore (YoY)

-Total income up 10.5 percent at Rs 596.1 crore versus Rs 539.1 crore (YoY)

-EBITDA up 1.7 percent at Rs 111.4 crore versus Rs 109.5 crore (YoY)

-EBITDA margin at 18.7 percent versus 20.3 percent (YoY)

Torrent Power   Q2

-Net profit down 41.9 percent at Rs 138.7 crore versus Rs 238.8 crore (YoY)

-Total income down 13.7 percent at Rs 2,675.7 crore versus Rs 3,099.1 crore (YoY) -EBITDA down 15.8 percent at Rs 640.9 crore versus Rs 761.2 crore (YoY)

-EBITDA margin at 24 percent versus 24.6 percent (YoY)

DCM Shriram   Q2

-Net profit up 48.1 percent at Rs 91.5 crore versus Rs 61.8 crore (YoY)

-Total income down 2.6 percent at Rs 1,446.2 crore versus Rs 1,484.2 crore (YoY)

-EBITDA up 13.7 percent at Rs 121.5 crore versus Rs 106.9 crore (YoY)

-EBITDA margin at 8.4 percent versus 7.2 percent (YoY)

Cholamandalam Invest Q2

-Consolidated net profit up 37.8 percent at Rs 167.7 crore versus Rs 121.7 crore (YoY) -Consolidated total income up 14.6 percent at Rs 1,172.2 crore versus Rs 1,022.8 crore (YoY)

Modern India   Q2

-Net profit at Rs 57.1 lakh versus Rs 3.2 lakh (YoY)

-Total income down 28.3 percent at Rs 16.7 crore versus Rs 23.3 crore (YoY)

IFB Industries   Q2

-Net profit up 91.4 percent at Rs 17.8 crore versus Rs 9.3 crore (YoY)

-Total income up 19.4 percent at Rs 439.4 crore versus Rs 368 crore (YoY)

-EBITDA up 50.5 percent at Rs 32.8 crore versus Rs 21.8 crore (YoY) -EBITDA margin at 7.5 percent versus 5.9 percent (YoY)

United Spirits   Q2

-Net profit up 15.9 percent at Rs 82.5 crore versus Rs 71.2 crore (YoY)

-Total income up 12.5 percent at Rs 6,038.8 crore versus Rs 5,369.9 crore (YoY)

-EBITDA down 33.8 percent at Rs 207.7 crore versus Rs 313.6 crore (YoY)

-EBITDA margin at 3.4 percent versus 5.8 percent (YoY)

Bharat Electronics   Q2

-Net profit up 68.2 percent at Rs 346.3 crore versus Rs 205.9 crore (YoY)

-Total income up 16.2 percent at Rs 1,794.6 crore versus Rs 1,545 crore (YoY)

-EBITDA up 87.4 percent at Rs 338.4 crore versus Rs 180.6 crore (YoY)

-EBITDA margin at 18.9 percent versus 11.7 percent (YoY)

Gokaldas Exports   Q2

-Net loss at Rs 27.8 crore versus profit of Rs 5 crore (YoY)

-Total income down 37.7 percent at Rs 182.7 crore versus Rs 293.1 crore (YoY)

-EBITDA loss at Rs 21.3 crore versus EBITDA profit of Rs 5.3 crore (YoY)

Shriram City Union Q2

-Net profit up 34.3 percent at Rs 204.5 crore versus Rs 152.3 crore (YoY)

-Total income up 18 percent at Rs 1,115.3 crore versus Rs 945.5 crore (YoY)

Gallantt Metal   Q2

-Net profit down 22.5 percent at Rs 7.9 crore versus Rs 10.2 crore (YoY)

-Total income down 15.5 percent at Rs 136.9 crore versus Rs 162 crore (YoY)

-EBITDA down 17.7 percent at Rs 13.5 crore versus Rs 16.4 crore (YoY)

-EBITDA margin at 9.9 percent versus 10.1 percent (YoY)

Trent   Q2

-Net profit up 7.7 percent at Rs 21.1 crore versus Rs 19.6 crore (YoY)

-Total income up 16.5 percent at Rs 448.5 crore versus Rs 384.9 crore (YoY)

-EBITDA up 7.8 percent at Rs 24.8 crore versus Rs 23 crore (YoY)

-EBITDA margin at 5.5 percent versus 6 percent (YoY)

Nelco Q2

-Net profit down 41.2 percent at Rs 1 crore versus Rs 1.7 crore (YoY)

-Total income up 12 percent at Rs 36.5 crore versus Rs 32.6 crore (YoY)

-EBITDA up 23.7 percent at Rs 4.7 crore versus Rs 3.8 crore (YoY)

-EBITDA margin at 12.9 percent versus 11.7 percent (YoY)

Bharat Gears   Q2

-Net loss at Rs 2.8 crore versus loss of Rs 0.7 crore (YoY)

-Total income down 2.2 percent at Rs 97.9 crore versus Rs 100.1 crore (YoY)

-EBITDA down 42.9 percent at Rs 3.6 crore versus Rs 6.3 crore (YoY)

-EBITDA margin at 3.7 percent versus 6.3 percent (YoY)

Inox Leisure Q2

-Net profit down 92.5 percent at Rs 1.6 crore versus Rs 21.2 crore (YoY)

-Total income down 3.4 percent at Rs 297.4 crore versus Rs 307.8 crore (YoY) -EBITDA down 51.9 percent at Rs 27.2 crore versus Rs 56.6 crore (YoY)

-EBITDA margin at 9.1 percent versus 18.4 percent (YoY)

Bajaj Finserv   Q2

-Consolidated net profit up 30.5 percent at Rs 575.8 crore versus Rs 441.1 crore (YoY) -Consolidated total income up 34.9 percent at Rs 2,999.7 crore versus Rs 2,223.8 crore (YoY)

VRL Logistics   Q2

-Net profit down 53.7 percent at Rs 13.9 crore versus Rs 30 crore (YoY)

-Total income up 5.3 percent at Rs 450 crore versus Rs 427.5 crore (YoY)

-EBITDA down 29.7 percent at Rs 49.8 crore versus Rs 70.8 crore (YoY)

-EBITDA margin at 11.1 percent versus 16.6 percent (YoY)

Castrol   Q3

-Net profit down 2.4 percent at Rs 139.8 crore versus Rs 143.2 crore (YoY)

-Total income down 2.9 percent at Rs 761.7 crore versus Rs 784.3 crore (YoY)

-EBITDA down 1.4 percent at Rs 212.9 crore versus Rs 215.9 crore (YoY) -EBITDA margin at 28 percent versus 27.5 percent (YoY)

Jubilant Life   Q2

-Net profit up 14.6 percent at Rs 144.8 crore versus Rs 126.4 crore (YoY)

-Total income down 8.9 percent at Rs 1,419.3 crore versus Rs 1,491.9 crore (YoY)

-EBITDA up 5.3 percent at Rs 340.3 crore versus Rs 323.1 crore (YoY)

-EBITDA margin at 24 percent versus 21.7 percent (YoY)

Sterlite Technologies   Q2

-Net profit up 34.6 percent at Rs 50.8 crore versus Rs 37.7 crore (QoQ)

-Total income down 8.7 percent at Rs 550.6 crore versus Rs 603.4 crore (QoQ)

-EBITDA down 11 percent at Rs 101.7 crore versus Rs 114.2 crore (QoQ)

-EBITDA margin at 18.5 percent versus 18.9 percent (QoQ)

JSW Steel   Q2

-Total income up 20.2 percent at Rs 14,420.9 crore versus Rs 11,993 crore (YoY)

-EBITDA up 65 percent at Rs 2,958.6 crore versus Rs 1,793.2 crore (YoY)

-EBITDA margin at 20.5 percent versus 15 percent (YoY)

-Net profit at Rs 726.5 crore versus Rs 56.3 crore (YoY)

Tata Steel  

-Announces equity partnership for its Canadian iron ore mines

-Signs equity partnership totalling USD 131 million with Resources Quebec & Investment Quebec

-Investment will result in 18 percent equity for Resources Quebec in company’s Canadian Mine

DCM Shriram

-Approved investment proposal worth Rs 185 crore in UP

-Approved expansion plan worth Rs 18.5 crore

Vikas Ecotech  

-Increase share capital from Rs 26 crore to Rs 32 crore

-Issue 2 crore shares of Re 1 each at a premium of Rs 16 each

-Issue 2.3 crore warrants convertible to shares of Re 1 each at a premium of Rs 16 each

JSW Steel

-Approved stock split from Rs 10 each to Re 1 each

-Approved NCDs worth Rs 2000 crore

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Top 15 stocks in focus today: Maruti Suzuki, Sun Pharma, Hero MotoCorp

Top Stocks For TodayTech Mahindra: The IT company will announce its Q2 numbers today.

Suzlon: Suzlon group has entered into a joint venture with Ostro Energy for the development and construction of a 50-MW solar project in Telangana.

Navneet Education: Navneet Education signs an agreement to acquire Britannica’s Indian curriculum business for Rs 0.88 bn. This move will help expand Navneet’s range of curricular offerings in the Indian school market.

ONGC: The company will announce its Q2 numbers today. ONGC by deploying a record number of rigs, including one from China, has embarked on an aggressive road-map to explore more natural gas in the northeastern state of Tripura, bordering Bangladesh.

Maruti Suzuki: The auto company will announce its Q2 numbers today.

Dr Reddy’s Laboratories: Dr Reddy’s Lab has entered into a strategic collaboration with Gland Pharma to market and distribute a diverse portfolio of eight injectable Abbreviated New Drug Applications (ANDAs), or alternatively called as generic drug approvals.

Sun Pharmaceutical: Sun Pharma will acquire Ocular Technologies, Sarl (OTS) of Auven Therapeutics, an international private equity company focused on therapeutic drugs.

Gulf Oil Lubricants, Bajaj Auto: Gulf Oil Lubricants has entered into a tie-up with Bajaj Auto Limited to manufacture and supply lubricants.

Bharti Airtel: Bharti Airtel, India’s largest telecommunications services provider, launched an affordable 10 day validity pack for International Roaming.

Hindustan Unilever Ltd: The company has posted a net profit of Rs 1096 crore for the quarter ended September 30, 2016 as compared to Rs 982 crore for the quarter ended September 30, 2015.

Hero MotoCorp Ltd: The company has posted a net profit of Rs 1,004 crore for the quarter ended September 30, 2016 as compared to Rs 786 crore for the quarter ended September 30, 2015.

JK Lakshmi Cement: The company has posted a net profit of Rs 25 crore for the quarter ended September 30, 2016 as compared to net loss of Rs 8.4 crore for the quarter ended September 30, 2015.

Cadila Healthcare: The pharma company posted a net profit after taxes, Minority Interest & Share of Profit/Loss of Associates of Rs 338 crore for the quarter ended September 30, 2016 as compared to Rs 475 crore for the quarter ended September 30, 2015.

HDFC: The company has posted a net profit after tax of Rs 1,827 crore for the quarter ended September 30, 2016 as compared to Rs 1,604.5 crore for the quarter ended September 30, 2015.

JSW Energy: The company posted a net profit after taxes, minority interest and share of profit of associates of Rs 217 crore for the quarter ended September 30, 2016 where as the same was at Rs 534 crore for the quarter ended September 30, 2015.

Ajanta Pharma Ltd: The company has posted a net profit after tax, minority interest and share of profit of associates of Rs 131 crore for the quarter ended September 30, 2016 as compared to Rs 103 crore for the quarter ended September 30, 2015.

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