ACC Q2FY18 Consolidated Net Profit Rises 102.3% YOY

ACC Ltd Q2FY18
Consolidated Results Q2FY18: (Rs. in crore)
Q2FY18 YoY (%)
Revenue 3,116.5 9.6
EBITDA 415.8 47.3
EBITDA Margin (%) 13.3 341
Net Profit (adjusted) 181.5 102.3

ACC consolidated revenue for the quarter came in at Rs. 3116.5 crore, registering 9.6% yoy increase. This was driven by increase in revenue from Ready Mix Concrete (RMC) and Cement by 19% yoy and 9% yoy, respectively.

EBITDA for the quarter rose by 47.3% yoy to Rs. 415.8 crore with a corresponding margin expansion of 341 bps. EBITDA margin for the quarter stood at 13.3%.

The PAT for the quarter came in at Rs. 181.5 crore, yoy increase of 102.3%.

This strong result has been achieved through an increased focus on premium products, improved customer service levels and cost optimization.

Company expects demand from cement and related products to stay favourable in the coming quarters spurred by government’s increase spending on infrastructure, particularly roads, highways and affordable housing.

Technical View:

ACC Ltd is currently trading at Rs. 1,804.40, up by 19.5 points or 1.09% from its previous closing of Rs. 1,784.90 on the BSE.

The scrip opened at Rs. 1,798.85 and has touched a high and low of Rs. 1,815.20 and Rs. 1,769.95 respectively. So far 10,77,597(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.

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Atul Q2FY18 Standalone Net Profit Declines 14.9% YoY

Atul Ltd Q2FY18

Standalone Results Q2FY18: (Rs. in crore)
Q2FY18 YoY (%)
Revenue 787 6.6
EBITDA 151 [3.2]
EBITDA Margin (%) 19.2 [195]
Net Profit (adjusted) 70.1 [14.9]

Atul standalone revenue for the quarter came in at Rs. 787 crore, registering 6.6% yoy increase. This was driven by ~12.5% and ~2.6% yoy growth in both the segments (life science chemicals and performance & other chemicals).

EBITDA for the quarter fell by 3.2% yoy to Rs. 151 crore with a corresponding margin contraction of 192 bps. EBITDA margin for the quarter stood at 19.2%. This margin contraction was led by rise in cost of material consumed as proportionate to sales (~50% in Q2FY18 vs ~44% in Q2FY17).

The PAT for the quarter came in at Rs. 70.1 crore, yoy decline of 14.9%.

Technical View:

Atul Ltd is currently trading at Rs. 2,500.80, up by 135.4 points or 5.72% from its previous closing of Rs. 2,365.40 on the BSE.

The scrip opened at Rs. 2,364.70 and has touched a high and low of Rs. 2,550 and Rs. 2,364.70 respectively. So far 1,08,148(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.

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Telecom Index Extends Gain; Idea Zooms 6%

Market at higher point1BSE Telecom index extended its rally on Tuesday session. BSE Telecom index was trading up by 2% at 1,815level on BSE.

Bharti Airtel and Idea Cellular were contributing majorly to the index gains. Among others, Infratel, GTL Infra and HFCL were also contributing to the index gains.

Bharti Airtel Ltd is currently trading at Rs 466.85, up by Rs 13.85 or 3.06% from its previous closing of Rs 453 on the BSE. The scrip opened at Rs 455.25 and has touched a high and low of Rs 467.65 and Rs 455.15 respectively. The stock is currently trading above its 50 DMA.

Idea Cellular Ltd is currently trading at Rs 90.45, up by Rs 7.4 or 8.91% from its previous closing of Rs 83.05 on the BSE. The scrip opened at Rs 83.55 and has touched a high and low of Rs 90.7 and Rs 82.65 respectively. So far 33466655(NSE+BSE) shares were traded on the counter.  The stock is currently trading above its 200 DMA.

Himachal Futuristic Communications Ltd is currently trading at Rs 27.3, up by Rs 1.3 or 5% from its previous closing of Rs 26 on the BSE. The scrip opened at Rs 26 and has touched a high and low of Rs 27.3 and Rs 25.6 respectively. So far 15239091(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.

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Live Stock Market Updates-Nifty, Sensex choppy Airtel and Idea spike up

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Nifty and Sensex gain marginally as the closing hour approaches. Telecom sector goes strong with Bharti Airtel and Idea taking the lead with 3% and 6% gains.

At 3:00 PM, the S&P BSE Sensex is trading at 32,644, up by 10 points, while NSE Nifty is trading at 10,214 up by 10 points.

The BSE Mid-cap Index is trading up by 0.30% at 16,098.50 whereas BSE Small-cap Index is trading up by 0.52% at 17,063.89.

BPCL, HPCL, Indiabulls Housing Finance, Cipla and Bharti Airtel are among the gainers, whereas Infosys, Tata Motors, Zee Entertainment, Indusland Bank, and Axis Bank are losing steam on NSE.

Panacea Biotec’s Baddi unit cleared by Ukraine drug regulator. Stock zooms 8%.

Aurobindo Pharma gets USFDA nod for Nexium generic 24 HR OTC drug. Stock rises 1%.

Godawari Power & Ispat stock soars 5% on additional coal linkage.

Snowman Logistics stock spurts 5% on bagging IKEA deal.

Some buying activity is seen in Energy, FMCG, Industrials, Telecom, Auto, Capital goods, Oil&Gas and Realty while Bank and IT sector show weakness in BSE.

The INDIA VIX is up by 2.12% at 11.31.

Out of 1,972 stocks traded on the NSE, 832 advanced, 807 declined, and 333 remained unchanged today.

A total of 80 stocks registered a fresh 52-week high in trade today, while 23 stocks touched a new 52-week low on the NSE.

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Market Live: Sensex Flat but Midcap Gains, Bajaj Auto at New High

sensex

Two-wheeler maker Bajaj Auto’s second quarter profit fell 0.6 percent to Rs 1,193.58 crore compared with Rs 1,200.72 crore year-ago quarter. Revenue from operations grew by 2 percent to Rs 6,566.4 crore compared with Rs 6,432.3 crore in same quarter last fiscal. The stock price was quoting at Rs 3,295.00, up Rs 73.20, or 2.27 percent after hitting a record high of Rs 3,310.20 per share.

Axis Bank is expected to report profit at Rs 1,298.7 crore for the quarter ended September 2017, a whopping 307 percent growth over Rs 319.1 crore in same quarter last fiscal. In year-ago quarter, profitability was impacted by higher provisions. According to average of estimates of analysts polled by CNBC-TV18, net interest income is seen rising 5 percent to Rs 4,741 crore from Rs Rs 4,513.9 crore year-on-year.

WPI inflation is expected to moderate further in the coming months, and is likely to average 2.8 percent in 2018, says a Nomura report. According to the Japanese financial services major, a moderation in WPI inflation in the coming months is likely owing to falling vegetable prices and favourable base effects.

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Dhanteras 2017: Planning to Buy Gold? Here’s How to Invest Wisely

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The festivals of Dhanteras and Diwali are likely to see hectic gold buying. However, as you head to the local jeweller to make the traditional purchase, you would be wondering whether gold is a good investment at this point? Is physical gold the best way to increase your gold holding?

Investment experts and gold traders are confident that gold will give good returns from current levels. However, they feel that one should be cautious on the amount of purchase and could also look at alternative means of purchasing gold other than buying the physical metal.

“Gold had once again crossed the $1300 an ounce and there are expectations that it will move up. There is enough upside. Over the longer period, it is good investment. There are geopolitical tensions, such as in North Korea and Syria, that would support gold,” Saurabh Gadgil, Director, India Bullion and Jewellers’ Association (IBJA), West Zone and CMD, PNG Jewellers told Moneycontrol.

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70 Stocks Rose Up to 100-1000% in Samvat 2073

The S&P BSE Sensex rose a little over 16 percent to hit a fresh record high of 32,687.32 so far in Samvat 2073. Investors couldn’t have hoped for a better closing to Samvat 2073. But, there was plenty of action in individual stocks.

Benchmark indices might have given high teen growth rate but there were plenty of stocks which more than doubled investors’ multiple times in the same period.

Samvat 2073 saw the markets notching all-time highs, fuelled by sustained buying support from the domestic investors and robust global market sentiment.

The BSE mid-cap and small-cap indices have outperformed during this period and have returned about 18 percent and 25 percent so far in Samvat 2073, respectively.

Several stocks in the small and midcap space have more than doubled in the same period. In the S&P BSE 500 index, as many as 24 stocks rose between 100 to 1000 percent in the same period.

Stocks which rose up to 1000 percent in the S&P BSE 500 index include names like Indiabulls Ventures, Bombay Dyeing, Future Retail, Dilip Buildcon, KRBL, Motilal Oswal Financial Services, KEC International, Jindal Steel & Power Ltd, and JSPL etc. among others.

Top Stocks CapitalHeight

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Jhunjhunwala says MKT Staring at ‘Very Long’ Bull Run

The big bull of D-Street, Rakesh Jhunjhunwala of Rare enterprises, believes at this juncture investors are staring at a ‘very very long bull market’. The reasons for this bullish sentiment are alive and fundamentals will only improve with every passing day, the ace investor told CNBC-TV18 in an interview. In such a situation, the market could take a breather sometimes.

Jhunjhunwala is optimistic on the story of financial savings and feels a large part of savings being invested into equity has just started.

The investor is also placing a big bet on complex generics in the overall pharmaceutical space. For the sector, he said, everything that could go wrong has already gone wrong and the worst is behind. He expects pharmaceutical sector in India to grow at 15 percent every year and believes large pharma businesses in India will do well regardless of what happens in the US.

“There has been too much pessimism about the US generics market and pricing. The latter in the US market has hit a bottom. Amazon is going to sell medicines, which I think is a positive. So, Indian pharma will now have one more buyer. Just because Amazon is going to sell medicines, doesn’t mean prices will crash. That is why I feel the worst with respect to the pharma space is behind us,” he told the channel, adding, in the long term, India is like the FMCG market for medicines.

However, he also cautioned a rebound in the space could also depend on individual companies as very few firms have the capital and capability to invest in generics.

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Metals Index Breaks out of a Continuation Pattern

Nifty Metal index zooms for the second consecutive day with its constituents like VEDL, JSW Steel, NMDC and Hindalco among the top gainers in the index. However, Welcorp was the only constituent among the metals stocks to close in the negative terrain. The stock was down by 2.6% to close at Rs 135 per share.

After consolidating for over four weeks and witnessing a whipsaw low of 3366 levels in late September 2017. The index has finally broken out from a continuation pattern on the daily chart after it breached past the neckline of the consolidation pattern.

The 21-DMA has proved to once again act as a very strong support zone as the index bounce back smartly.

Metals index constituent’s performance:

Symbol LTP % Chng
VEDL 335 4.2
JSWSTEEL 260 2.5
NMDC 123 2.1
HINDALCO 272 2.0
APLAPOLLO 1,921 1.4
COALINDIA 291 1.3
NATIONALUM 86 1.2
JINDALSTEL 164 1.0
TATASTEEL 715 0.6
SAIL 58 0.4
HINDCOPPER 63 0.3
MOIL 208 0.1
HINDZINC 320 0.1
WELCORP 135 -2.6

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Markets Expected to open on a Muted Note

bear_nse_bse_sensex_down_chart_board_graph_red-traders_markets_sensex

SGX Nifty indicating a mildly negative opening for the Indian markets.

Global markets
US: All the major averages finished the day in positive territory. The Dow advanced 85.24 points or 0.4% to 22,956.96, the Nasdaq climbed 0.3% to 6,624.00 and the S&P 500 rose 0.2% to 2,557.64.

The markets continued to benefit from recent upward momentum, which has propelled stocks higher amid optimism about the economic outlook and the possibility of major tax reform. With the continued upward movement, the major averages once again climbed to new record closing highs.

Europe closed flat in yesterday’s session with FTSE down 0.11%, CAC up 0.21%, DAX up 0.09%.

FII /DII Data:
In the cash market today, FII’s sold 29 crores stock whereas DII’s bought 272 crores worth of stock.

In the derivative market, FII’s bought 2485 crores of Index futures and sold 947 crores worth of Index options.

In the stock futures segment, FII’s sold 174 crores worth of stock futures and sold 142 crores stock options.

Support / Resistance: Intraday
Nifty: 10230
S1 – 10175 S2-10000
R1 – 10270 R2 -10320

 

Support / Resistance: Intraday
Bank Nifty: 24703
S1 – 24500 S2-24380
R1 – 24900 R2 -25050

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