Jio Prime membership opens on March 1: New tariff plans revealed

jio_prime_benefits_1487678505608.pngReliance Jio is all set to begin enrolling customers on to its Jio Prime membership plans from March 1, effectively offering 1 GB high-speed 4G data and free calls for Rs 10 a day for an year.
The membership fee for Jio Prime will be Rs 99 per year. The unlimited free voice, free data offered in the ‘Happy New Year’ scheme will be available to Jio Prime members for another 12 months for a price of Rs 303 per month. Jio Prime members will also get the bouquet of Jio media services till March 31, 2018.
Besides this plan, Jio plans to roll out two new monthly tariff plans at Rs 149 and Rs 499 which offer 2GB and 60 GB data along with free voice, respectively, according to note by brokerage firm CLSA.
“As per our discussion with channel partners and retailers, Reliance Jio has revealed more tariff plans under the “Jio Prime Program” that requires one-time membership charge of Rs 99 to be paid before March 31, 2017,” CLSA said in the note.

“For Jio Prime Members, two more monthly plans will be available other than the Rs 303 plan announced last week. The cheapest monthly plan is Rs 149 which offers free domestic voice and 2GB data without any daily limits. Another plan offers 60 GB (2GB daily data allowance) and unlimited voice for Rs 499,” it said.
Jio will also offer long duration plans for Rs 999/1999/4999/9999 with validity for 60/90/180/360 days and data allowance of 60/125/350/750GB without any daily limits, according to CLSA.

Spelling out the fine print of Jio new tariff plans, the CLSA note stated that while subscription to Jio apps is available to all these plans, the company has limited free voice up to the first 1,000 minutes/month, after which only calls within the Jio network will be free.

Also, “Jio Prime membership and its benefits could be cancelled unless a minimum recharge of Rs 149 is made every month,” it said.

Jio Tariff After 31st March
For users who fail to sign up for the Jio Prime subscription before March 31, Jio will announce standard plans that will not only match the tariff plans of its rivals but will also offer 20 percent more data compared to its peers, Reliance Industries Chairman Mukesh Ambani had said on February 21.
Aggressive Push

In his address last week, Ambani had said that Jio crossed 100 million subscribers. Jio will be keen on holding on to these subscribers while adding more users. For this, the telecom company is offering commission rates higher than the industry norm, CLSA said.

“Our discussion with channel partners reveals that Jio has also offered much higher commission rates of over 6 percent on recharge versus industry average of sub-3 percent. While we find the tariffs quite attractive for data users, high commission rates should provide an added push for high membership of Jio Prime and allow Jio to start with a high chargeable subscriber base,” the CLSA note stated.
io had crossed 50 million subscribers in just 83 days of its launch, adding at an average rate of 6 lakh subscribers per day and surpassing the subscriber addition rates of global giants like Facebook, WhatsApp and Skype. Announcing its third quarter results, Reliance Industries had said that Jio has garnered 72.4 million subscribers as of December 31, 2016.

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Buzzing Stocks: Vedanta, Eicher Motors soar, while Maruti Suzuki, PC Jeweller slide

Buzzing StocksVedanta Ltd is currently trading at Rs 221.65, up by Rs 19.2 or 9.48% from its previous closing of Rs 202.45 on the BSE.

Ashok Leyland Ltd is currently trading at Rs 91.55, up by Rs 0.2 or 0.22% from its previous closing of Rs 91.35 on the BSE. The company posted total sales in October of 12,533 vehicles versus 9,803 vehicles last year. The company said October M&HCV sales were at 9,574 vehicles versus 7,176 vehicles last year. Its LCV sales stood at 2,959 vehicles compared to 2,627 vehicles last year.

PC Jeweller Ltd is currently trading at Rs 497.5, down by Rs 13.55 or 2.65% from its previous closing of Rs 511.05 on the BSE.

Nihar Info Global Ltd advanced 1.6%. The company has received the Purchase Orders from My Home Constructions, Rain Industries and Pamidi RSB Build Tech in the last ten days.

Eicher Motors jumped 3% after the company reported a 33% increase in total sales in October 2016 at 59,127 units as against 44,522 units in the same month last year. During October 2016, the number of motorcycle units exported, increased by 95% to 748 units from 384 units in October 2015.

Strides Shasun Limited gained 1% after the company announced that it has received approval from the United States Food & Drug Administration (USFDA) for Abacavir Tablets USP, 300 mg.

Maruti Suzuki dropped 0.32% to Rs 5,880 after its sales dipped in the month of October. The company sold 1,33,793 units in October compared to 1,34,209 vehicles in October 2015.

BGR Energy Systems soared 5.3% after the company has been awarded the Balance of Plant (BoP) Contract from TANGEDCO for 1×800 MW North Chennai Thermal Power Project – Stage III. BGR Energy secured this contract in an International  competitive bidding which witnessed stiff competition. The value of the contract is Rs 2,600 crore The contract completion period is 36 months from the date of award.

Allcargo Logistics rose 1% to Rs 191 after the company said its board will meet on 7 November 2016, to consider a proposal for buyback of the equity shares of the company.

Sical Logistics gained 2% to Rs 222.10 after the company securing contract from West Bengal Power Distribution Corporation.

Kitex Garments tanked 10.4% to Rs 458 on BSE after net profit fell 52.4% to Rs 12.92 crore on 20.5% decline in net sales to Rs 95.55 crore in Q2 September 2016 over Q2 September 2015.

Bharti Infratel zoomed 2%. KKR and pension giant Canada Pension Plan Investment Board (CPPIB) are in talks with Bharti Airtel to acquire a significant stake in its listed tower arm Bharti Infratel, as per media reports.

Reliance Industries is trading marginally higher on the BSE. The Directorate General of Hydrocarbons is understood to have computed the penalty payable by Reliance Industries (RIL) for exploiting natural gas that migrated to its KG-D6 block from ONGC’s adjacent asset at upwards of $1 bn, as per media reports.

NBCC inched up 1% after the government will engage state-run construction company NBCC to monetise around 771 acre of prime land held by erstwhile VSNL, a company that the government had sold to the Tata group in 2002 as part of its asset-sale programme.

ONGC slipped 1% to Rs 287.  ONGC Videsh Ltd, the overseas arm of state-owned ONGC, has completed the acquisition of additional 11% interest in Russia’s Vankor oilfield, taking its total stake to 26%.

Karnataka Bank is trading lower by 0.57% on the BSE. The bank informed the BSE that the board of directors at its meeting held on Friday finalised the right issue opening and issue closing dates. The issue opens on November 7, and closes on November 21. Last date for request of split application form is November 15.

Ujaas Energy climbed 13.8%. The company reported a net profit of Rs 9.7 crore for the quarter ended September 30 compared with Rs 3.3 crore reported in the year-ago period.

Heritage Foods slipped 2.4%. The company said it would acquire the dairy business of Reliance Retail through a slump sale. The company has executed a binding agreement for the acquisition. The proposed transaction is subject to regulatory approvals and other conditions and procedures that are customary for similar transactions, Heritage Foods said in a BSE filing.

Avanti Feeds gained 2% after the company reported its consolidated net revenue for Q2 of FY17 was 34% higher YoY at Rs 713 crore. However, reported Ebitda fell by 11% YoY to Rs 56 crore and Ebitda margins shrank 397 bps YoY to 7.9%.

Ashok Leyland Ltd
BSE 90.75 [0.60] ([0.66]%)
NSE 91.15 [0.20] ([0.22]%)

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Top 15 stocks in focus today: Reliance Industries, NBCC, ONGC

Top Stocks For TodayBharti Infratel: KKR and pension giant Canada Pension Plan Investment Board (CPPIB) are in talks with Bharti Airtel to acquire a significant stake in its listed tower arm Bharti Infratel, as per media reports.

Reliance Industries: The Directorate General of Hydrocarbons is understood to have computed the penalty payable by Reliance Industries (RIL) for exploiting natural gas that migrated to its KG-D6 block from ONGC’s adjacent asset at upwards of $1 bn, as per media reports.

NBCC: The government will engage state-run construction company NBCC to monetise around 771 acre of prime land held by erstwhile VSNL, a company that the government had sold to the Tata group in 2002 as part of its asset-sale programme.

SBI & ICICI Bank:  State Bank of India (SBI) and ICICI Bank, have cut lending rates by 0.15 per cent and 0.10 per cent, respectively, under a new system of interest rate computation, signalling a further dip in borrowing costs ahead of the busy season.

Bharat Financial: Bharat Financial Inclusion, formerly SKS Microfinance, on Friday reported an 87.3 per cent rise in net profit at Rs 145 crore for the September quarter.

Bosch: Bosch said it would cease operations at its Jaipur plant following a notice by Rajasthan State Pollution Control Board for alleged violation of norms regarding waste-water treatment.

ONGC: ONGC Videsh Ltd, the overseas arm of state-owned ONGC, has completed the acquisition of additional 11% interest in Russia’s Vankor oilfield, taking its total stake to 26%.

Karnataka Bank: The bank informed the BSE that the board of directors at its meeting held on Friday finalised the right issue opening and issue closing dates. The issue opens on November 7, and closes on November 21. Last date for request of split application form is November 15.

Ujaas Energy: The company reported a net profit of Rs 9.7 crore for the quarter ended September 30 compared with Rs 3.3 crore reported in the year-ago period.

Heritage Foods: The company said it would acquire the dairy business of Reliance Retail through a slump sale. The company has executed a binding agreement for the acquisition. The proposed transaction is subject to regulatory approvals and other conditions and procedures that are customary for similar transactions, Heritage Foods said in a BSE filing.

Avanti Feeds: Avanti Feeds’ consolidated net revenue for Q2 of FY17 was 33.8% higher YoY at Rs 713 crore. However, reported Ebitda fell by 11% YoY to Rs 56 crore and Ebitda margins shrank 397 bps YoY to 7.9%.

Mahindra Holidays: Mahindra Holidays & Resorts India reported a 22% rise in standalone net profit to Rs 33 crore for the second quarter ended September 30, 2016.

GIC Housing Finance: The company has reported an increase of 15% in net profit at Rs 34 crore in the second quarter ended September 2016.

Jet Airways: Delta Air Lines and Virgin Atlantic announced expanded cooperation with Jet Airways to provide codeshare connections for customers between destinations across North America and India via London Heathrow.

HCL Infosystems: IT company HCL Infosystems reported a net loss of Rs 37 crore for the quarter ended September.

TTML: Tata Teleservices (Maharashtra) reported widening of net loss in the second quarter ended September 30, 2016 to Rs 468.13 crore on higher finance cost and amortisation expenses.

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Reliance Retail’s pre-tax profit jumps 31% to Rs 264 cr

Reliance ProfitReliance Retail reported 31.34 percent increase in its pre-tax profit to Rs 264 crore for the second quarter ended September 30.

The retail arm of Reliance Industries   Ltd (RIL) had reported a PBDIT (profit before depreciation and income tax) of Rs 201 crore in the same period of last financial year.

Reliance Retail’s turnover jumped by 63.01 percent to Rs 8,079 crore during the July-September quarter of the current fiscal as against Rs 4,956 crore in the year-ago period, RIL said in a regulatory filing.

“The increase in turnover was led by growth in digital, fashion & lifestyle and petroleum products. The business delivered strong PBDIT of Rs 264 crore in second quarter of 2016-17 as against Rs 201 crore in the corresponding period of the previous year.

During the quarter, Reliance Retail added 59 stores across various store concepts, strengthened its distribution network for consumer electronics.

The firm runs formats like Reliance Fresh, Reliance Super and Reliance Hyper and operates 3,442 stores across 679 cities in India.

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RIL Q2 profit seen at Rs 7266 cr, petchem margin may be strong

ReliancePetrochemical major Reliance Industries   (RIL) is expected to report standalone profit at Rs 7,266 crore for July-September quarter against Rs 7,548 crore in preceding period, according to average of estimates of analysts polled by CNBC-TV18.

Revenue is seen rising 7.3 percent to Rs 57,384 crore in the quarter ended September 2016 compared with Rs 53,496.0 crore in June quarter.

EBITDA (earnings before interest, tax, depreciation and amortisation) is likely to be at Rs 10,475 crore against Rs 10,817.0 crore and margin may be at 18.3 percent against 20.2 percent on sequential basis.

Operating profit may be impacted by weaker refining margins but that may be partially offset by higher crude throughput and stronger petrochemical margins.

Analysts expect gross refining margin (GRM) at USD 9.5 a barrel in Q2 against USD 11.5 a barrel in Q1FY17 and USD 10.6 a barrel in Q2FY16. Throughput may be higher on sequential basis due to maintenance shutdown in Q1.

Refining segment profit is likely to decline QoQ due to decline in GRMs while petchem profitability may improve due to higher PX & PVC spreads.

Key issues to watch for would be GRM, petchem margins, KG-D6 production and update on telecom venture.

 

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