Friday, 20 April 2018

Bharat Seats stock gains after Q4FY18 numbers

Bharat Seats Ltd is currently trading at Rs222, up by Rs2.05 or 0.93% from its previous closing of Rs219.95 on the BSE.

The company has posted net profit of Rs7.6cr for the period ended March 31, 2018 as against Rs4cr for the period ended March 31, 2017. 

Its total income stood at Rs253.7cr during the period ended March 31, 2018 as compared to Rs253.9cr during the period ended March 31, 2017.

The scrip opened at Rs232 and has touched a high and low of Rs234.85 and Rs221 respectively.


Thursday, 19 April 2018

Asian stocks push higher, dollar pares advance

Asian stocks climbed to the highest in a month and measures of volatility continued to decline amid optimism that global growth can weather any impact from trade tensions. The dollar pared gains and oil extended its rise.

Shares from Sydney to Hong Kong rose. U.S. Treasury yields ticked lower after climbing to 2.87% Thursday in the wake of the Federal Reserve’s Beige Book report that showed a solid outlook for the economy despite trade concerns.

Energy firms climbed in the U.S. and Asia after an industry report showed crude inventories fell. The yen slid amid the positive investor sentiment and as U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe agreed to work closely on bilateral trade.

“The biggest dynamic in the market right now is the growth story,” Sandip Bhagat, chief investment officer at Whittier Trust Co., told Bloomberg TV. “We’re in the midst of a synchronized global recovery in growth and corporate profits are rising.” Trade wars, tariffs and inflation worries are just “distractions,” he said.

With investor optimism on the economy being tested increasingly by the flattening yield curve, geopolitical tensions showed continued signs of dissipating. The U.S. said it’s already started direct talks with North Korea and Russian leader Vladimir Putin was said to be seeking to dial down tensions with America. Japan’s Abe said he agreed with Trump to start talks on trade deals with America as their summit in Florida ended.

Wednesday, 18 April 2018

Natural gas prices edge lower@HighLight Updates

Natural gas gave a gap down in today’s session. Currently it is trading near the intermediate support level of 178.30. On hourly chart RSI has gone below 60 levels, indicating low momentum in prices.

Close below the prescribed level can push prices lower towards 176 levels.

Gold is currently trading sideways in a range between 31,260 and 31,390. Presently price is struggling to sustain above the intermediate support level of 31,250 levels.

An hourly close below 31,250 can push prices lower towards 31,100 levels.

Monday, 16 April 2018

Important events next week@Highlight

The results season would take center stage as India Inc are once again scheduled to release their quarterly as well as the annual results. HDFC Bank, TCS and IndusInd Bank are among the big names releasing their quarterly numbers next week. Rising crude oil prices and geopolitical risk would be important factors that could impact the sentiment going forward. 
Upcoming events 

16 Apr – Mar WPI yoy

Upcoming results 

16 April 2018JAYBARMARU

Friday, 13 April 2018

Nifty IT Index gains; Infosys stock up 1%

Benchmark equity indices continued to trade higher on Friday after macro data. The Nifty IT Index was trading higher 0.55% at 13,240.95.

Infosys is expected to announce earnings after market hours today. The stock is currently trading at Rs1,173.80, up by Rs11.55 or 0.99% from its previous closing of Rs1,162.25 on the BSE.

Shares of KPIT Tech, Mindtree, Wipro, Tech Mahindra and Infosys were trading in the range of 1-2% in today’s trade.

KPIT Technologies Ltd is currently trading at Rs231.10, up by Rs4.7 or 2.08% from its previous closing of Rs226.40 on the BSE.

Mindtree Ltd is currently trading at Rs857.35, up by Rs21.2 or 2.54% from its previous closing of Rs836.15 on the BSE.

Wipro Ltd is currently trading at Rs291.25, up by Rs4.45 or 1.55% from its previous closing of Rs286.80 on the BSE.

HCL Technologies stock was down 1% after the company partnered with Sumeru Equity Partners and signed a definitive agreement to acquire Actian Corporation. The stock is currently trading at Rs997.95, down by Rs13.5 or 1.33% from its previous closing of Rs1,011.45 on the BSE.

Thursday, 12 April 2018

Indian shares rise for 6th session on IT stocks

* NSE index up 0.16 pct, BSE index 0.29 pct higher
* Banks, oil marketing companies extend decline
* March retail inflation data due after mkt hours
April 12 (Reuters) - Indian shares edged higher on Thursday and extended their gains into a sixth session, driven by information technology stocks, although falls in banks and oil marketing companies capped the rise.
The Nifty IT index .NIFTYIT rose as much as 2.9 percent to its highest since Feb. 2 and was headed for a third consecutive session of gains on a weakening rupee and expectations of positive quarterly results. On Wednesday, it broke above a resistance from its descending trend line, suggesting that there was no more selling pressure.
Software services exporter Infosys Ltd INFY.NS will kick-start the January-March corporate results season on Friday.
HCL Technologies Ltd HCLT.NS rose as much as 4.4 percent, Tata Consultancy Services Ltd TCS.NS climbed 3.5 percent and Infosys gained up to 3 percent. now await March retail inflation data due after market hours on Thursday for cues about the economy. Retail inflation likely eased to a five-month low in March as increases in food prices slowed once again but remained above the central bank's medium-term target, a Reuters poll found. are rising in anticipation of earnings coming through. Further, there are early indications of increasing investment that is helping offset some softness in the services side," said Sunil Sharma, chief investment officer at Sanctum Wealth Management.

Crude oil prices edge higher@HighLight Investment Update

Despite slight negative oil inventories data, crude oil prices rallied due to ongoing tension in the Middle East. Prices had broken the resistance level and previous high of 4,300 and inched higher giving close near the day's high. Even on decline one can consider crude oil as a buying opportunity.

As long as natural gas is concerned, prices had taken support near the lower band of the falling wedge formation formed on hourly charts. It has also broken its immediate high of 174.50 giving the Dow theory buy confirmation. 178/180 looks likely in the coming session.

Wednesday, 11 April 2018

Mahanagar Gas stock slips after block deal

Mahanagar Gas stock slipped 3% after block deal, while nearly 7.6% of equity was traded in block deals on the NSE.

The stock is currently trading at Rs917.15, down by Rs27.4 or 2.9% from its previous closing of Rs944.55 on the BSE. The scrip opened at Rs911 and has touched a high and low of Rs921.20 and Rs908.90 respectively.

We expect the CNG & PNG segment of Maganagar Gas (MGL) to report volume CAGR of 6.4% and 3.5% over FY18-20E. We estimate MGL to report revenue CAGR of 8% over FY18-20E. Further, PAT CAGR of 6% over FY18-20E is estimated on the back of margin contraction of 210bps to 31.5% over FY18-20E. We forecast the margin to be under pressure on account of expansion of industrial network. We estimate the return on equity to contract 205bps to 23.8% over FY18-20E, on the back of declining margins. The stock is currently trading at ~17x FY20E EPS.

MGL is a leading natural gas marketing company in Maharashtra. In Q3FY18, the company’s 69% of revenues came from CNG and 31% from PNG. As of December 31, 2017, the company had a PNG network of ~10 lakh households as well as a network of 212 CNG stations. Moreover, the length of the pipeline network of the company stood at ~5,000km. MGL is the sole authorised distributor of CNG and PNG in Mumbai, Thane and Raigad.

Tuesday, 10 April 2018

Nifty above 10,400 mark; Hindalco top Nifty gainer

Benchmark indices opened higher, following positive lead from global stocks after China's comments on free trade. Today’s gain was led by Axis Bank, ICICI Bank, L&T, Kotak Mahindra Bank and TCS.

BSE Sensex was trading at 33,937, up 149 points, while the Nifty50 index was trading at 10,421, up 42 points.

The BSE Midcap and the BSE Smallcap indices were up by 0.47% and 0.53%, respectively.

Wipro stock slipped 2% after the company told the NSE that one of its telecom service provider clients in India filed a petition to initiate insolvency resolution process with the National Company Law Tribunal in February 2018.

Shares of Hindalco and NALCO rose over 4% on media reports saying that the supply may be disrupted after the U.S. imposed sanctions against Russian oligarchs, including Oleg Deripaska and his United Co. Rusal.


Friday, 6 April 2018

Market Live: Sensex rangebound ahead of corporate earnings; Lupin lifts Pharma index

Europe Update: European markets opened lower, as an escalating trade standoff between the world's biggest economies appeared to rattle investors.
The pan-European Stoxx 600 was 0.5 percent lower shortly after the opening bell, with almost all sectors and major bourses in negative territory.
Results Date: Mindtree said the meeting of the board of directors will be held on Wednesday, April 18 to consider the audited financial results of the company for the quarter and year ended March 31, 2018, and to consider declaration of interim dividend, if any and also the recommendation of final dividend, if any, amongst other matters.
The record date for payment of interim dividend, if approved, will be April 26, 2018.

Equity And Commodity Market Investment_Advisor
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Wednesday, 4 April 2018

Highlight Stock Market Updates@Buzzing Stocks

Buzzing Stocks
ICICI Securities lists at Rs 431 as against issue price of Rs 520 on BSE.
Mishra Dhatu Nigam lists at Rs 88.65 vs issue price of Rs 90 on BSE.
Fertilizer stocks up after Skymet Weather Forecasts Normal Monsoon. Nagarjuna (+10%),Deepak Fertilisers (+8%),Zuari Agro, RCF (+2%),FACT (+1%).
Nifty Auto Index up over 1%. Tata Motors (+3%), Eicher, Bharat Forge, Motherson Sumi (+2%), Bosch, Hero MotoCorp (+1%).
Akzo Nobel India stock jumps 5% after co to consider share buyback on April 6.
Zensar Technologies stock rallies 6% after winning contract from San Diego.
IDBI Bank has approved a proposal for issue of eq capital up to Rs7,881 Cr to the govt. Stock up 1.5%.
Infibeam (+3%) enters into agreement with TV18 for advertising products, services and brands.

Monday, 2 April 2018

Nifty Auto Index surges after March sales data

The Nifty Auto Index surged over 1.5% on Monday after good sales numbers for the month of March. The Nifty Auto Index was trading higher by 1.58% at 10,992.

Bajaj Auto
 stock rose 1%. The company posted a 23% increase in total sales to 3.34 lakh units in March. The company had sold 2.72 lakh units in February.

Mahindra and Mahindra stock added 1% as the company reported total sales volume growth of 10% yoy in March 2018. It sold 62,077 units in March 2018 against 56,202 units in March 2017.

Maruti Suzuki stock rose over 2% after the company posted its sales up nearly 15% in March led by sales in the mini segment.

Tata Motors stock gained 3% after its local sales jumped 35% in March aided by the commercial vehicles and passenger vehicles segments. The stock is currently trading at Rs336.35 up by Rs8.9 or 2.72% from its previous closing of Rs327.45 on the BSE.

Eicher Motors stock advances 0.58%. Royal Enfield, the two-wheeler division of Eicher Motors Ltd., reported a 27% jump in total sales to 76,087 units in March. The two-wheeler manufacturer had sold 60,113 units in March 2017.

Wednesday, 28 March 2018

This little-known stock rose over 400% since its listing. Which other IPOs led the returns chart in FY18?

Several companies hitting the IPO Street ensured that the primary market had a busy financial year. Companies from trading, insurance, IT, construction, healthcare, and pharma names dominated the list of such companies.
FY18 is set to go down as the busiest financial year in the history of Indian IPOs in terms of volume raised. 38 IPOs have concluded with IPO fundraising volume of above Rs 77,000 crore so far this year, Centrum Broking said in a report.
While investors managed to make money in the equity market all through 2017, on a financial year basis too, bets on few good companies could have helped them earn good returns.
For instance, an investor in a stock such as Meera Industries, a textile major, would have grown their money by over 400 percent — 431.94 percent to be precise. The stock debuted on the bourses on May 15. Or take the case of major names such as Shankara Buildpro, Apex Frozen Foods, PSP Projects, HDFC Standard Life, ICICI Lombard, Cochin Shipyard and Prataap Snacks. The returns in these cases range between 6 percent and 270 percent.