ITC Q2 results: GST Transition Weighs on Cigarettes

ICT Q2 Profit

ITC’s quarterly result was in line with expectations. While the cigarettes business was adversely impacted by GST flipflops, improving topline growth and margins for the FMCG business was comforting.

Quarterly update

Capture

ITC reported a Q2 2018 sales of Rs 16,391 crore (on a like-to-like comparison) after excluding rebates and discounts translating to year-on-year (YoY) growth of 3.9 percent. Headline numbers were in line with expectations. Cost of goods sold was higher by 19 percent, mainly due to change in inventories, which impacted EBITDA margins by 142 bps on reported basis. At net profit level, company reported 5.6 percent YoY growth

Capture1

reported lower volumes on account of increase in tax incidence in the GST regime. ITC’s business was also impacted due to non-availability of additional duty surcharge credit on the transition stocks.

FMCG business – Up 10 percent

ITC’s core FMCG business posted a comparable sales growth of 10 percent which is broadly in line with the industry reported growth so far. As per management, this growth was aided by strong performance in Branded Packaged foods and Personal care businesses. It’s noteworthy that closest peer HUL also reported a decent 8 percent YoY growth for the Personal care division wherein it reported good traction for all categories except for oral care segment.

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

For More Live Updates Visit:

http://moneycapitalheight.blogspot.in/

HDFC Q2 profit rises 15% to Rs 2,101 cr, asset quality stable

Housing Development Finance Corporation (HDFC) has reported a standalone profit growth of 15 percent at Rs 2,101.12 crore for the quarter ended September 2017, compared with Rs 1,826.50 crore in same quarter last fiscal. It was ahead of CNBC-TV18 poll estimates of Rs 1,962 crore for the quarter.

Net interest income, the difference between interest earned and interest expended, grew by 13.7 percent year-on-year to Rs 2,612 crore in second quarter of FY18. It was largely in line with CNBC-TV18 poll estimates of Rs 2,640.2 crore.

Provisions and contingencies for the quarter remained flat at Rs 95 crore on year-on-year basis, but increased sequentially from Rs 85 crore.

Net interest margin during the quarter stood at 3.9 percent against 3.85 percent in corresponding quarter and 4 percent in previous quarter.

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

For More Live Updates Visit:

http://moneycapitalheight.blogspot.in/

Looking to grow above 30% in FY18 Vs 18-20% earlier: DHFL

Among all housing finance companies to have reported Q2 earnings so far, Dewan Housing Finance Corporation (DHFL) has emerged as the strongest performer.

In an interview to CNBC-TV18, Harshil Mehta, CEO of DHFL spoke about the results and his outlook for the company.

We are looking to grow above 30 percent in FY18 versus 18-20 percent earlier.

He further said that incremental home loan ticket size is at Rs 17 lakh. Overall, average ticket size in the portfolio is around Rs 23 lakh, he added.

According to him, profit growth is in-line with growth in assets under management.

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

For More Live Updates Visit:

http://moneycapitalheight.blogspot.in/

Bharti Infratel surges by 2% post major block deal

In the trading hours of Tuesday, shares of Bharti Infratel surged by over 2%.

The uptrend came as an outcome of a major block deal that happened. Around 11.2 lakh shares exchanged hands in the deal, thereby pushing the stock upwards.

Bharti Infratel Ltd is currently trading at Rs 427.8, up by Rs 8.45 or 2.02% from its previous closing of Rs 419.35 on the BSE.
The scrip opened at Rs 424 and has touched a high and low of Rs 435.2 and Rs 422 respectively.

The stock is currently trading above its 50 DMA.

Tata Teleservices Maharashtra gains post infusion of Rs 300 bn

In the trading hours of Monday, the shares of Tata Telservices Maharashtra gained to lock in 5% upper circuit at Rs 7.90. This is the one-month high, which the stocks have achieved today.

The surge in the share price came after the holding company, Tata Sons, announced to infuse Rs 300bn into the company in 2017-18.

The infused capital through quasi-equity and intercorporate loan will be used to pay its Rs 310bn debt and payment of spectrum fees.

In October, the two companies, Tata Teleservices and Tata Teleservices Maharashtra, were planning to merge their consumer mobile services with Bharti Aitel in a debt-free, cash-free deal.

So far in 2017, the stock has gained by over 31%.

Tata Teleservices (Maharashtra) Ltd is currently trading at Rs 8.22, up by Rs 0.39 or 4.98% from its previous closing of Rs 7.83 on the BSE.

The scrip opened at Rs 8.1 and has touched a high and low of Rs 8.22 and Rs 8 respectively.

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

For More Live Updates Visit:

http://moneycapitalheight.blogspot.in/

Sensex Gains by 150 Points, Realty and PSU Banks Shine

The indices are near their morning highs with strong buying seen in Banks, Oil& Gas sectors. Nifty Auto gains with Maruti Suzuki leading the bandwagon, while Realty index maintains the uptrend with Indiabulls Realestate and HDIL gaining by 5.5% and 5% respectively.

At 1:30 PM, the S&P BSE Sensex is trading at 33,312, up by 154 points, while NSE Nifty is trading at 10,371 up by 48 points.

The BSE Mid-cap Index is trading up by 1.17% at 16,570 whereas BSE Small-cap Index is trading up by 1.26% at 17,520.

ONGC, BPCL, Dr Reddy’s, Yes Bank and Tata Motors are among the gainers, whereas Tata Steel, ITC, Wipro, HCL, and M&M are losing steam on NSE.

Some buying seen in Basic Materials, Energy, Industrials, Telecom, Auto, Oil & Gas and Capital Goods, while FMCG sector shows weakness on the BSE.

The INDIA VIX is up by 4.70% at 12.01.

Out of 1,981 stocks traded on the NSE, 1199 advanced, 459 declined, and 323 remained unchanged today.

A total of 102 stocks registered a fresh 52-week high in trade today, while 10 stocks touched a new 52-week low on the NSE.

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

For More Live Updates Visit:

http://moneycapitalheight.blogspot.in/

CH Stock Market Opening Bell for 30-October-2017

CH: OPENING BELL:

NIFTY FUTURE UP 32 @ 10389

BANK NIFTY FUTURE DOWN 30 @ 24950

SENSEX UP 102 @ 33260

INR 64.89

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

For More Live Updates Visit:

http://moneycapitalheight.blogspot.in/

International Market Update by Money CapitalHeight

CH: INTERNATIONAL MARKET UPDATE

GOLD $ 1272.17

SILVER $ 16.78

COPPER $ 3.09

CRUDE $ 53.95

INR 64.88

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

For More Live Updates Visit:

http://moneycapitalheight.blogspot.in/

World Market Update by Money CapitalHeight

CH: WORLD MARKET UPDATE

HANG SENG 12

NIKKEI -18

SHANGHAI -39

DOWJONES 33.33

NASDAQ 144.49

SGX NIFTY 22

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

For More Live Updates Visit:

http://moneycapitalheight.blogspot.in/

CH Bank Nifty Market Trend for 30-October-2017

bank nifty trends

CH: BANK NIFTY TREND -CONSOLIDATE

BANK NIFTY FUTURE LEVELS

SUPP 1: 24770

SUPP 2: 24585

RES 1:25380

RES 2: 25650

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

For More Live Updates Visit:

http://moneycapitalheight.blogspot.in/

1 2 3 53