Friday, 31 March 2017

Buy, Sell, Hold: 9 Stocks, 1 Sector On Analysts' Radar As April Series Begins

Kotak Mahindra Bank
CLSA has maintained an outperform rating on the stock with a target price of Rs 920. The research firm believes that the bank’s strong asset quality and healthy growth supports valuations and a clarity on strategic positioning will further support it.

Bank of America Merrill Lynch has downgraded the stock to underperform from neutral with a reduced target price of Rs 570. The rating is largely driven by likely delays in key product launches in the US and that regulatory delays are not factored in.

Yes Bank
Goldman Sachs has a buy rating on the scrip with an increased target price to Rs 1,700. The focus here on will turn to how quickly retail revenue mix changes. Analysts at the firm estimate 28 percent loan CAGR over FY16-19— highest among private banks that they cover.

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Stocks In The News: Bharti Infra, Mukand, IOC, CL Educate, Dilip, Cadila, JMC Proj

NSE indices changes

-BHEL & Idea Cellular excluded from Nifty 50 Index

-Indiabulls Housing Finance & IOC included in Nifty 50 Index

-Bank of India excluded from Nifty Bank Index

-IDFC Bank included in Nifty Bank Index

Jindal Steel & Power

-Board approves issue of 4.8 crore warrants to promoter group on preferential basis

-Board approves issue of 14.2 lakh equity shares to Nalwa Steel

Mukand & Sumitomo Corp, Japan enter joint venture
-JV with Sumitomo for business of rolling, finishing of alloy steel

-JV to be undertaken by Mukand Alloy Steels

-Sumitomo Corp to acquire 49 percent in Mukand Alloy Steels

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Thursday, 30 March 2017

Adani Ports, State Bank Of India And Aurobindo Pharma Were Top Gainers

Equity benchmarks were in the green, but were trading on a cautious note as investors sat on the fence ahead of F&O expiry later in the day.

The 30-share Sensex was up 76.08 points at 29607.51, while the Nifty was up 15.15 points at 9158.95. The market breadth was healthy as 1,612 shares advanced against a decline of 594 shares, while 163 shares are unchanged.

Adani Ports, State Bank of India and Aurobindo Pharma were top gainers on both the indices, while Axis Bank, Bharti Infratel, Idea Cellular and Bharti Airtel were the top losers.

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Shine in the Indian stock market, Nifty above 9,150

The Indian stock market is firmly open on Thursday.

Against the dollar, the rupee looks strong again today, which has a positive effect on the market too. The BSE Sensex today closed at 29,538.03 compared to the previous day's close of 29,531.43 points, its trend is upward. At the beginning of the hour, the Sensex is running at 9,627.59 with a strong of 96.16 or 0.33%. NSE Nifty 50 is also up 18.05 points or 0.20% with strength of 9,116.85.

Between the strength of the market, small-medium stocks are also showing growth. BSE mid-cap has gained 0.56% and BSE Small Cap is up 0.90%. On the other hand, Nifty Mid 100 0.48% and Nifty Small 100 is up 0.99%.

Among the Sensex giants, Adani Ports has 2.78%, State Bank of India 1.51%, Hero MotoCorp 1.25%, Maruti 0.98%, Reliance at 0.86% and Larsen and Tubro 0.62%. In falling shares, Axis Bank was down 0.66%, Bharti Airtel's 0.41%, Tata Motors 0.30% and Lupine down 0.17%. Out of the 51 shares of Nifty, 31 stocks are currently on the green mark while 19 stocks have weakness and one share is in flat position

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Wednesday, 29 March 2017

Bull's Eye: Buy DCB Bank, Century Textiles, Cummins, Tata Chemicals

Indian drugmaker Biocon has partnered with Japanese drug firm Eisai Pharma to market the latter's anti-ulcer drug rabeprazole in India.

Eisai’s brand is sold as Parit and its combination drug Parit-D. The Japanese firm has terminated its earlier co-marketing arrangement with GSK in India, with sources saying Eisai was disappointed with its partner's brand development and sales push.

The dollar pulled away from 4 month lows against currency basket as solid data backed expectations for more US Interest rate hikes this year, sterling was knocked by concern about Britain's impending exit from the European Union.

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Wall Street Posts Sharp Gains, Fuelled By Strong Consumer Data

US stocks ended sharply higher on Tuesday, with financial and energy shares surging as data showed US consumer confidence soaring to a more than 16-year high.
The S&P 500's best day in nearly two weeks came after a record-setting rally for stocks in the wake of President Donald Trump's election in November had stalled this month. 

The Dow Jones Industrial Average snapped an eight-day losing streak, which had been its longest run of losses since 2011.

US consumer confidence surged to a more than 16-year high in March amid growing labour market optimism, while the trade deficit in goods narrowed sharply in February.

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Tuesday, 28 March 2017

Asia Markets Gained On Tuesday Morning As Investors Shrugged

The dollar traded at 99.205 against a basket of currencies at 9:40 am HK/SIN. Against the greenback, the yen was stronger at 110.65 and the Australian dollar was at USD 0.7626.

Oil prices continued to slide on Monday as investors remained uncertain about whether the OPEC and non-OPEC supply curb deal would continue beyond June.
During Asian hours, Brent crude was up 0.1 percent at USD 50.80 a barrel, and US crude was up 0.19 percent at USD 47.83.

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Rupee Storms To Fresh 17 Month High; Jumps 37 Paise

This is the highest closing for the domestic unit since October 28, 2015 when it had closed at 64.93.

Expectations of more reforms that will boost long-term economic growth reinforced investor optimism including the much awaited labour, agricultural and banking reforms.

Robust capital inflows and weakness of the dollar against other currencies overseas predominantly boosted the rupee value against the dollar, a forex dealer said.

Foreign investors have pumped in about USD 6 billion in capital markets so far this month, buoyed by expectations that BJP's victory in assembly polls is a precursor to more "bold, reformist policies" in India.

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Monday, 27 March 2017

Equity Benchmarks Started Off Monday's Trade On A Negative Note

Equity benchmarks started off Monday's trade on a negative note, tracking weakness in Asian peers.

The 30-share BSE Sensex was down 81.81 points at 29,339.59 and the 50-share NSE Nifty fell 27.45 points to 9,080.55. About 620 shares advanced against 381 declining shares on the BSE.

Coal India and Aurobindo Pharma were top losers, down 2-3 percent followed by Reliance Industries, ITC, Hero Motocorp, Sun Pharma, Idea Cellular and Eicher Motors.

However, ICICI Bank, Grasim Industries, Power Grid Corporation, Dr Reddy's Labs, Bajaj Auto, SBI and GAIL were gainers.

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That's why APL Apollo's meeting of the Financial Committee

 The meeting of the Financial Committee of the Board of Apollo (APL Apollo) will be held on March 29.

On the basis of private placement in that meeting, the refundable non-convertible debentures will be considered.

At the BSE, APL Apollo's stock closed at Rs. 1,177.20 with a gain of 56.80 or 5.07%. Its last 52-week peak is Rs 1,186.00 and the low level is 638.25 rupees.

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Friday, 24 March 2017

Stocks In The News: Bharti, Yes Bank, NHPC, Majesco, IDBI, Reliance Comm, Ujaas Energy

Yes Bank QIP closes

-Subscribed over 2.5x

-QIP at Rs 1,500 per share

Bharti Airtel

-To acquire Tikona Digital Networks’ 4G business for Rs 1,600 crore

-Tikona 4G business buy to boost spectrum holding in Gujarat & Himachal Pradesh

-Post Tikona 4G buy, company to have 30 MHz in 2300 MHz band in 13 circles

Ballarpur Industries

-Ripples of US tariffs hurt Ballarpur Industries

-Losses of domestic paper makers have jumped 5 times in 12 months

Prestige Estates

-Board identifies 3 units to be apex entities: commercial, retail & hospitality

-Company to transfer assets, shares of units to 3 entities identified

-Group proposes to acquire remaining 50 percent stake in Sai Chakra Hotels

-Group proposes to acquire Prestige Falcon Retail Ventures from promoters

-Group proposes to acquire up to 49 percent in Dashanya Tech Park

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Dollar Hangs On For US Healthcare Vote, Asia Shares Muted

The dollar was living on borrowed time on Friday after US lawmakers delayed a vote on a healthcare bill seen as crucial to President Donald Trump's policy credibility.
Asian share markets were in limbo as a vote on the American Health Care Act might not happen until later Friday or Monday, as it meets opposition from warring factions within the Republicans themselves.

Some in the markets suspect a failure to pass such a high-stakes bill could endanger Trump's promises of tax cuts and stimulus so beloved by Wall Street and US corporates.

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Nikkei 189 points in Asian markets

 On the last day of the business week, there has been a mixed start in Asian markets.

According to Indian time, Hang Seng of Hong Kong is at 24,296.92 with a fall of 30.78 points or 0.13%. China's Shanghai Composite is showing an increase of 0.09%. 

Straits Times of Singapore is 0.12% above the green mark. South Korea's Kospi is down 0.28%. Taiwan's Taiwan Weighted is running on the red mark with a weakness of 0.24%.

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Thursday, 23 March 2017

Time To Be Careful: Fund Managers Are Shying Away From Stocks

As the benchmark indices have been going strong on bourses, it is imperative for the investors to be euphoric. However, the seasoned names on the street are going slow on stocks. 

A look at some of the long term performers make it clear that, it is that time of the year, when you tread with care in stocks.

A look at the portfolio of ICICI Prudential Balanced Advantage Fund, the largest mutual fund scheme In India investing in stocks reveals that the exposure to stocks have been cut over last one year. 

The net equity investments of this scheme are down to 54% as on February 28, 2017 as compared to 77% on January 31, 2016.

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Wall Street Could Well Correct By Up To 10% In Near Term

A correction is well overdue for US markets after recent run-up we have seen so far in the year 2017, Geoff Lewis, Global Strategist, Capital Markets Group, Manulife Asset Management said in an exclusive interview with CNBC-TV 18 on Thursday.

On the back of strong macroeconomic data, a correction is overdue but relatively mild. It would not extend to 15-20 percent. The maximum downside is around 10 percent,” he said.

What triggered this is the realisation that it is difficult to get the measures through even when the President and the majority parties are on the same side, explains Lewis.

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Stock to Watch for today

Among the stocks that may be seen in the news today include Hindustan Zinc, Andhra Bank, Axis Bank, Indian Oil and Bharti Infratel.

Hindustan Zinc - Hindustan Zinc has set a record date for payment of dividend on March 30.

Andhra Bank - On March 27, the bank will consider issuing equity shares to the government.

Dilip Infra - The Company has signed an agreement with Shram Infra for a project.

Axis Bank - The bank has approved the proposal to issue 1-year notes for $ 1.62 million.

Delta Corp - The Company has approved the raising of Rs 750 crore via QIP.

Hindustan Composite - the Company’s board of directors will meet on April 10, in which bonus and 
shares will be considered for subdivision.

Indian Oil - Central Government will invest Rs 1,100 crore in Indian Oil

Bharti Infratel - The Company has set a record date on April 3 to pay interim dividend.

TCI Industries - The Company has allocated 8,265 preferential shares having a percentage of 100% to 100%.

Indiabulls Real - The Company allocated non-convertible debentures of Rs 100 million per 100 million rupees.
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Wednesday, 22 March 2017

Market Live: Sensex Opens 200 Pts Lower, Nifty Breaks 9100 On Weak Global Cues

The Trump rally seems to be fading away but the dips are temporary and the bull market argument still remains intact at least in the short term for the US markets, Richard Harris, CEO, Port Shelter Investment Management said in an exclusive interview with CNBC-TV 18.

Harris who is bearish on US markets on long-term basis said that India does look attractive on a relative basis when compared with other emerging markets, but the reform process has to pick up which would really boost the sentiment.

“For India, we have seen two steps forward and one step back and I don’t think the sort of reforms which westerners want to see are not particularly happening and if they would, it will be extremely positive for India,” he said.

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Wall Street Sinks On Fears Of Delays To Trump Tax Cuts

Wall Street fell sharply on Tuesday as investors worried that President Donald Trump will struggle to deliver promised tax cuts that propelled the market to record highs in recent months, with nervousness deepening ahead of a key healthcare vote.
The S&P 500 and Dow Jones Industrial Average lost over 1 percent in their worst one-day performances since before Trump's election victory in November.

The S&P financial index sank 2.87 percent, its biggest daily fall since June. That added to losses in the sector since the Federal Reserve last week raised interest rates by 25 basis points and signalled it would remain on a gradual pace of hikes, a less aggressive stance than some investors expected.

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Stock to watch for wednesday

Due to the news, stocks that are seen today include Havells India, Dena Bank, Bharti Infratel, TVS Motor and Adani Power.

Havells India - Havells India has started commercial production at its plant in Assam.

ABC Bearings - ABC Bearings has sold its entire stake in NSK-ABC Bearings to NSK India.

BF Utilities - The unit of BF Utilities allocated 3.4 million shares.

Dena Bank - Board of Directors approved to raise 800 crores.

MindTree - The board of directors of the company will consider paying dividend on March 27.

Bharti Infratel - A 21% stake in Bharti Infratel will be sold for Rs 12,400 crore.

TVS Motor - TVS Motor got a patent for anti-brake lock system.

South India Paper Mills - Company employees have gone on an indefinite strike from March 21.

Adani Power - The company allocates 2.27 crore shares on the execution of warrants.

Mawana Sugar - Company is ready for settlement agreement once for NPA loan settlement with PNB.

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Tuesday, 21 March 2017

ITC, L&T, Coal India, ONGC, Infosys Were Early Gainers

The 30-share BSE Sensex was up 43.61 points at 29,562.35 and the 50-share NSE Nifty gained 16.45 points at 9,143.30. About 522 shares advanced against 212 declining shares on the BSE.

ITC, L&T, Coal India, ONGC, Infosys, Bharti Infratel and HCL Technologies were early gainers while Dr Reddy's Labs, Axis Bank, Bharti Airtel, M&M, GAIL, Idea Cellular and Hindalco were under pressure.

Divi's Labs shares tanked 17 percent after the US Food and Drug Administration has issued an import alert for its Visakhapatnam unit-II.

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Market Live: Nifty Struggles Below 9150 Amid Consolidation

Benchmark indices erased early gains amid consolidation as investors remained on sidelines due to lack of global as well as domestic cues.

The 30-share BSE Sensex was down 48.41 points at 29,470.33 and the 50-share NSE Nifty fell 12.55 points to 9,114.30.

The broader markets underperformed benchmarks, with the Nifty Midcap falling half a percent on weak breadth. About three shares declined for every two shares advancing on the BSE.

Shares of Avenue Supermarts, the operator of supermarket retail chain D-Mart, more than doubled on debut. The stock has opened at Rs 604.40, up 102 percent over issue price of Rs 299.

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Monday, 20 March 2017

L&T, BHEL and Korea's Doosan Queue Up For Rs 14,000 crore NTPC JV Order

Larsen & Toubro, Bharat Heavy Electricals and Korea’s Doosan are in race for a Rs 14,000-crore order from NTPC Ltd’s arm to supply equipment and set up its 3x800-MW coal-based plant as part of the company’s expansion project at Patratu in Jharkhand’s Ramgarh district, according to an official at one of the bidders.

The successful bidder will have to execute the project on an engineering, procurement and construction basis. Shortlisted candidates — that'll be selected on the basis of technical qualifications — will have to submit financial bids. The entire process is expected to take three months, the official said.

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Idea Cellular, Vodafone To Merge, Create Rs 80,000 Crore Telecom Giant

Idea Cellular on Monday announced that its board has approved the merger of Vodafone India and its wholly-owned subsidiary Vodafone Mobile Services Limited with itself in the process creating the country's largest telecom entity.

Vodafone will hold 45 percent in the combined entity. Idea promoters will hold a 26 percent in the combined entity. AB Group will have the right to buy 9.5 percent stake in the entity at Rs 130 per share.

Under the terms of agreement, the merger should be completed within 24 months.

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Stock to watch for today

Due to the news that stocks that remain in today's business, include Dena Bank, HCL Tech, Kotak Mahindra Bank, Marico and Havells India.

Dena Bank - Government will invest Rs 600 crore in the bank.

Smartlink Network - The Company will acquire 10 million shares of Digicol Systems.

HCL Tech - The board of directors of the company will consider buying back of shares.

Kotak Mahindra Bank - The bank will seek shareholders' approval to increase the foreign investment limit.

Marico - The Company will buy 45% equity stake of Z Lifestyle.

Allahabad Bank - will issue 300 million rupees by issuing bank bonds.

Havells India - Havells India will issue a commercial paper of Rs 150 crore to Yes Bank.

Aditya Birla Fashion - The Company’s Forever 21 opened the first store in Bengal.

Marathon Nextgen - Marathon Nextgen will buy back shares of a total of 149.5 million shares.

Future Lifestyle - The Company has started its new FLFL lifestyle brands.

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Friday, 17 March 2017

Buy, Sell, Hold: Analysts Have These 8 Stocks On Their Radar Today

Macquarie has maintained outperform rating with a target price of Rs 304 per share. The research firm cites cess ceiling rates for tobacco at Rs 4.17 per stick or 290 percent ad-valorem. The total tax incidence on tobacco will remain the same, it feels.

The research firm also forecasts cigarette earnings before interest and taxes growth to return to double digits in case of stable taxation in the GST Bill.

Morgan Stanley is overweight on ITC with a target price of Rs 310 per share. It sees stock trending closer to this target. It says the proposed specific cess on cigarettes 6 percent lower than the current tax rate. This reduction will be offset by an increase in GST rate to 28 percent against the VAT rate of 25 percent.

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This Bull Market Is Not Ending Soon; Sensex To Climb Mount 35K By Dec 2017

The S&P BSE Sensex touched a fresh 52-week high of 29,614.79 on Thursday but is still 400 points short of its all-time high of 30,024 scaled on March 2015. 

The index will not just reclaim its all-time high but climb a fresh peak of Mount 35K by December 2017, which translates into an upside of nearly 20 percent from current levels.

Almost 14 of 18 fund managers and analysts polled are of the view that the Sensex is likely to hover in a range of 30,000-35,000 while 2 analysts think that it could make an attempt to touch 40,000.

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