Stocks in News

NTPC: 

The company has shortlisted power plants of GVK, Essar and Avantha out of 32 proposals it received from private electricity producers eager to sell stakes to the state-run behemoth, which is willing to invest as much as Rs 10,000 crore to acquire minority interest in stranded projects. 

Rico Auto Ltd: 

The board of Rico Auto Industries approved transfer of the company's investments held in three subsidiary firms to Rico Investments, another unit of the auto component manufacturing firm. 

BHEL: 

Bharat Heavy Electricals Ltd   has announced commissioning of 600 MW thermal power project in Odisha. 

Tata Motors Ltd: 

Tata Motors, India's largest automobile company by revenues, plans to raise its capital expenditure by Rs 10,000 crore a year as it strives to make a strong comeback in the domestic market. 

Bharti Airtel: 

Bharti Airtel is applying for a payments bank licence and has roped in Kotak Mahindra Bank as a potential investor in the venture, in a bid to tap significant revenue opportunities from the Reserve Bank of India's financial inclusion initiative. 

Coal India Ltd:

 The government has fixed a floor price of Rs 358 a share for its up to 10% stake sale in Coal India on Friday. This is a 4.6% discount to the closing price of Rs 375.15 for the company's shares on the Bombay Stock Exchange on Thursday. 

Sesa Sterlite declines on reporting 15% fall in Q3 consolidated net profit

     Sesa Sterlite has registered a fall of 69.72% in its net profit at Rs 259.38 crore for third quarter ended December 31, 2014 as compared to Rs 856.49 crore for the same quarter in the previous year. Total income of the company has decreased 3.86% at Rs 8699.08 crore for Q3FY15 as compared Rs 9048.22 crore for the corresponding quarter previous year.
     On the consolidated basis the company’s net profit after taxes, minority interest and share of profit / (loss) of associates decline 15.03% to Rs 1587.50 crore for the Q3 FY15 as compared to Rs 1868.29 crore in Q3 FY14. However, the total income increased marginally 0.64% to Rs 20040.97 crore in the quarter under review as compared to Rs 19912.90 crore in the corresponding quarter previous year.
     Sesa Sterlite is currently trading at Rs. 201.40, up by 1.00points or 0.50% from its previous closing of Rs. 200.40 on the BSE.

SKS Microfinance shines on reporting 92% rise in Q3 net profit

     SKS Microfinance has registered a rise of 91.60% in its net profit after tax at Rs 41.06 crore for the quarter under review as compared to Rs 21.43 crore for the same quarter in the previous year. Total income of the company has increased 48.14% at Rs 206.89 crore for Q3FY15 as compared Rs 139.66 crore for the corresponding quarter previous year.
      SKS Microfinance is a non-banking finance company (NBFC), registered and regulated by the Reserve Bank of India, whose mission is to provide financial services to low-income households. SKS operates across 16 states of India.
     SKS Microfinance is currently trading at Rs. 448.05, up by 22.10 points or 5.19% from its previous closing of Rs. 425.95 on the BSE.

ICRA surges on reporting 21% rise in Q3 consolidated net profit

     ICRA has reported a fall of 4.60% in its net profit at Rs 12.73 crore for the quarter under review as compared to Rs 12.17 crore for the same quarter in the previous year. However, total income of the company has increased 11.20% at Rs 47.86 crore for Q3FY15 as compared Rs 43.04 crore for the corresponding quarter previous year.
     On the consolidated basis the company’s net profit after taxes and minority interest rose 20.61% to Rs 17.79 crore for the Q3 FY15 as compared to Rs 14.75 crore in Q3 FY14. Moreover, the total income increased 14.49% to Rs 85.23 crore in the quarter under review as compared to Rs 74.44 crore in the corresponding quarter previous year.
     ICRA is currently trading at Rs. 3403.75.00, up by 86.20 points or 2.60% from its previous closing of Rs. 3317.55 on the BSE.

Kotak Mahindra Bank gains on plan to invest 19.90% in AMSL

     Kotak Mahindra Bank has agreed, subject to regulatory approvals, to invest 19.90% in Airtel M Commerce Services (AMSL), a subsidiary of Bharti Airtel, on AMSL obtaining the Payment Bank licence from Reserve Bank of India. Moreover, AMSL is in the process of applying for Payment Bank License to the Reserve Bank of India (RBI).
     Kotak Mahindra Bank is engaged in commercial banking, stock broking, mutual funds, life insurance and investment banking. The bank has an international presence through its subsidiaries with offices in London, New York, Dubai, Mauritius, San Francisco and Singapore that specialize in providing services to overseas investors seeking to invest into India.
     Kotak Mahindra Bank is currently trading at Rs. 1330,70 up by 0.65 points or 0.05% from its previous closing of Rs. 1330.05 on the BSE.

Results calendar

   

    ICICI Bank, Bank of Baroda, Tech Mahindra, HCL Technologies, NTPC, JSW Steel, Adani Enterprises, Thermax, Siemens, Andhra Bank,Berger Paints, Dabur, IFCI, Thomas Cook, Vijaya Bank, Aegis Logistics Ltd, Binani Industries Ltd, Excel Industries Ltd, Gabriel India Ltd, Heritage Foods Ltd, Kirloskar Brothers Ltd, Jay Shree Tea & Industries Ltd, Monsanto India Ltd, Motilal Oswal Financial Services Ltd, PVR Ltd, Shoppers Stop Ltd, Tata Global Beverages Ltd, Thomas Cook Ltd, Thermax Ltd , Whirlpool Of India Ltd, Zee Learn Ltd

SBI plans to raise up to Rs 15,000 cr via share sale

     State Bank of India (SBI), the nation’s biggest lender, is planning to raise up to Rs 15,000 crore additional capital from the market by the end of 2015. The bank will retained the option to raise the funds either through a sale to its existing shareholders or through a special sale to institutional investors in which case the government's stake could fall to 54% from 58.6% at current market prices. Currently, the bank is seeking the Government of India or Reserve Bank of India’s approval for raising capital under the State Bank of India Act. Last year in January, the bank had raised equity capital to the tune of Rs. 8,032 crore, with the Life Insurance Corporation of India (LIC) subscribing to over 40 per cent of the issue.
     SBI has registered 30.54% jump in its net profit at Rs 3100.41 crore for second quarter ended September 30, 2014 as compared to Rs 2375.01 crore for the same quarter in the previous year. Total income of the bank has increased 12.46% at Rs 41833.36 crore for Q2FY15 as compared Rs 37199.92 crore for the corresponding quarter previous year.
     State Bank of India is currently trading at Rs. 333.30, up by 3.50 points or 1.06% from its previous closing of Rs. 329.80 on the BSE.

Gammon Infra to buy 20 percent equity stake of Sadbhav Engineering in Mumbai-Nasik expressway for Rs 72 crore

     Gammon Infrastructure Projects has received an approval to buy-out the 20% equity stake representing 1,03,99,500 equity shares of Rs 10 each held by Sadbhav Engineering from Mumbai Nasik Expressway at a cumulative price of Rs. 72 crore; subject to requisite approvals. The authorized committee of the board of directors of the company at their meeting have approved for the same.
     Mumbai Nasik Expressway is the special purpose vehicle promoted by the company to develop, operate and manage the Vadape to Gonde section of the National Highway no.3 in the state of Maharashtra.
     Gammon Infrastructure Projects (GIPL) is an infrastructure project development company incorporated by Gammon India, to participate in the development of infrastructure projects on a public private partnership (PPP) basis.
     Gammon Infrastructure Projects is currently trading at Rs. 15.45, up by 0.25 points or 1.64% from its previous closing of Rs. 15.20 on the BSE.

Yes Bank gains on inking MoU with OPIC to support small business growth

     Yes Bank, the fourth largest private sector bank in India, has teamed up with the Overseas Private Investment Corporation (OPIC), the US Government’s Development Finance Institution, by signing a memorandum of understanding to explore OPIC financing of up to $220 million to increase lending to micro, small and medium enterprises (MSMEs) in India.
          Yes Bank’s sustainable development vision has been to ensure long term business success, by contributing towards economic and social development, a healthy environment and a stable society. The impact of this vision is comprehensively captured by reporting on environmental and social impacts that really matter, making the report very strategic, focused and credible.
     Yes Bank is currently trading at Rs. 880.00 down by 2.15 points or 0.28% from its previous closing of Rs. 882.45 on the BSE.

Aban Offshore shines on reporting 62% rise in Q3 consolidated net profit

     The company has registered 9.95% fall in its net profit at Rs 56.72 crore for the quarter under review as compared to Rs 62.99 crore for the same quarter in the previous year. Total income of the company has decreased 19.35% at Rs 199.55 crore for Q3FY15 as compared Rs 247.44 crore for the corresponding quarter previous year.
     On the consolidated basis the company’s net profit after minority interest and share in profit of associate rose 61.92% to Rs 129.99 crore for the Q3 FY15 as compared to Rs 80.28 crore in Q3 FY14. Moreover, the total income increased marginally by 0.95% to Rs 1016.45 crore in the quarter under review as compared to Rs 1006.88 crore in the corresponding quarter previous year.,
     Aban Offshore is currently trading at Rs. 498.00, up by 17.00 points or 3.53% from its previous closing of Rs. 481.00 on the BSE.

Shreyas Shipping touches the roof on taking delivery of vessel MV SSL GUJARAT

     Shreyas Shipping & Logistics has taken delivery of vessel MV SSL GUJARAT. Last month, the company entered into a Memorandum of Agreement (MOA) for purchase of one vessel ‘M. V. OEL GUJARAT’.
     Shreyas Shipping & Logistics, a Transworld Group of company, was incorporated primarily to own and operate vessels for feedering of containers between Indian ports and internationally renowned container transshipment ports.
      Shreyas Shipping & Logistics is currently trading at its upper circuit limit of Rs. 334.15, up by 15.90 points or 5.00% from its previous closing of Rs. 318.25 on the BSE.

Titan Company surges on reporting 15% rise in Q3 net profit

     Titan Company has registered a rise of 15.20% in its net profit at Rs 190.73 crore for the quarter under review as compared to Rs 165.57 crore for the same quarter in the previous year. Total income of the company has increased 8.59% at Rs 2934.03 crore for Q3FY15 as compared Rs 2701.84 crore for the corresponding quarter previous year.
     Titan Company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags and belts.
      Titan Company is currently trading at Rs. 413.05, up by 12.75 points or 3.19% from its previous closing of Rs. 400.30 on the BSE.

Karnataka Bank gains on reporting marginal rise in Q3 net profit

     Karnataka Bank has registered a marginal gain of 0.22% in its net profit at Rs 106.94 crore for third quarter ended December 31, 2014 as compared to Rs 106.70 crore for the same quarter in the previous year. Total income of the bank has increased 17.09% at Rs 1364.69 crore for Q3FY15 as compared Rs 1165.54 crore for the corresponding quarter previous year.
     Gross non-performing assets (NPAs) improved to 3.44% in the October- December quarter as against 3.65% in the same quarter previous year, while net NPAs stood at 2.41%.

     The Karnataka Bank is currently trading at Rs. 146.50, up by 1.90 points or 1.31 % from its previous closing of Rs. 144.60 on the BSE.

Stocks in News

• Gammon Infra to buy 20 percent equity stake of  Sadbhav Engineering in Mumbai-Nasik expressway for Rs 72 crore
• GE Shipping signs contract to buy a platform supply vessel
• IDFC says RBI approves scheme of arrangement between company and IDFC Bank
• RBI signs information exchange, supervisory cooperation pact with Banco Central Do Brasil 
• CCI clears L&T -Bradken deal
• Gati Ltd  raise up to Rs 120 crore for expansion of e-commerce business. 

Results Calendar

     
     ABAN OFFSHORE LTD, ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD,ADANI POWER LTD, AJANTA PHARMA LTD, ALSTOM T&D INDIA LTD, ALKYL AMINES CHEMICALS LTD, BHARAT GEARS LTD, EIH LTD, EMAMI LTD, GEOMETRIC LTD, GRANULES INDIA LTD, HAVELLS INDIA LTD, JM FINANCIAL LTD, JUST DIAL LTD, JYOTHY LABORATORIES LTD, KALYANI FORGE LTD, LLOYD ELECTRIC & ENGINEERING LTD, LUMAX AUTO TECHNOLOGIES LTD, NOCIL LTD, NOIDA TOLL BRIDGE COMPANY LTD, PIDILITE INDUSTRIES LTD, PITTI LAMINATIONS LTD, RANBAXY LABORATORIES LTD, RENAISSANCE JEWELLERY LTD, STATE BANK OF BIKANER & JAIPUR, SIL INVESTMENTS LTD, SINTEX INDUSTRIES LTD, TORRENT PHARMACEUTICALS LTD, 

Max India split into three separate listed companies, stock jump up 8.40 percent on BSE.

     Upon completion of the demerger it is proposed to name the second vertical Max India, which will continue to manage investments in the high potential Health and Allied businesses, essentially comprising; Max Healthcare, Max Bupa, Antara Senior Living and supported by a Corporate Management Services team. The demerger will provide these businesses, which are currently in their growth and development phases, sharpened focus to fulfil their tremendous potential. The Corporate Management Services team will manage a shared services centre, which will provide functional support to all 3 verticals.
     The third vertical will house the investment activity in the group’s manufacturing subsidiary, Max Speciality Films - an innovation leader in the Speciality Packaging Films business - and will be named Max Ventures and Industries (MVIL). Set-up in 1989, the Speciality Packaging Films business has been consistently profitable. It recorded revenues of Rs 746 crore and profit of Rs 14 crore in FY2014. The Prime Minister's new initiative Make in India is set to provide fresh impetus to this business and for this vertical, to start looking at fresh ideas in the wider world of business.
    Sotck closed at Rs 492.75 up by 38.20 points or 8.40 % from its previous closing of Rs. 454.55 on the BSE.

Results Calendar

     AMARA RAJA BATTERIES LTD, CHENNAI PETROLEUM CORPORATION LTD, ChOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD, EVEREADY INDUSTRIES INDIA LTD, GHCL LTD, GODREJ PROPERTIES LTD, GUJARAT STATE FERTILIZERS & CHEMICALS LTD, IDEA CELLULAR LTD, KARNATAKA BANK LTD, MARUTI SUZUKI INDIA LTD, NUCLEUS SOFTWARE EXPORTS LTD, OCL INDIA LTD, SCOOTERS INDIA LTD, TITAN COMPANY LIMITED,  UNION BANK OF INDIA, WELSPUN PROJECTS LTD, WELSPUN ENTERPRISES LTD. 

Deepak Nitrite soars on plan to raise funds up to Rs 200 crore through QIP

     Deepak Nitrite has received an approval for raising of funds by way of a Qualified Institutions Placement (QIP) of equity shares up to an amount not exceeding Rs 200 crore, subject to the approval of members of the company. The board of directors at their meeting held on January 22, 2015 has approved for the same.
     Deepak Nitrite is a leading manufacturer of organic, inorganic, fine and specialty chemicals and a world leader in 2,4 and 2,6 Xylidine.
      Deepak Nitrite is currently trading at Rs. 81.35.

Ex-Dates

1.  Can Fin Home ex-date right at 3:10 
2. Tata Coffee ex-date stock split from Rs 10 to Re 1
3. Mindtree ex-dividend Rs 4/share 
4. Sasken ex-dividend Rs 2.5/share 

Tata Motors gains on unveiling new hatchback ‘Bolt’

     Tata Motors has unveiled its new hatchback ‘Bolt’ at a starting price of Rs 4.44 lakh for the petrol version & Rs 5.49 lakh for the diesel version (ex-showroom Delhi). While the petrol versions of the Bolt will range from Rs 4.44 lakh to Rs 6.05 lakh, the diesel variant prices will range from Rs 5.49 lakh to Rs 6.99 lakh (ex-showroom Delhi).
     Bolt is the second model from Tata Motors’ Horizonnext umbrella. The hatchback will be available in both petrol and diesel variants. The petrol variant, which is powered by a 1.2 litre turbocharged multi-point fuel injection (MPFi) engine Revotron, will churn out maximum power of 90 PS and have a week peak torque of 140 Nm.
     Tata Motors is India's largest automobile company, is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fourth largest truck and bus manufacturer.
     Tata Motors is currently trading at Rs. 580.75, up by 14.45 points or 3.16% from its previous closing of Rs. 566.30 on the BSE.

bull market

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SENSEX                                   NIFTY
 30,000                                        10,000

update

Essar Ports Ltd: 

     Essar Ports today reported a 4.6 per cent jump in its net profit at Rs 98.34 crore for the third quarter ended December 31, 2014 on the back of higher sales.  

Orient Cement Ltd: 

     A part of $1.6 billion diversified CK Birla Group, reported nearly 36 per cent rise in in the third quarter net profit at Rs 31 crore on account of higher sales. 

Sterlite Technologies Ltd:

      Domestic optical fibre maker Sterlite Technologies posted over four-fold jump in standalone profit after tax at Rs 23.06 crore in the quarter ended December 31, 2014 due to high demand for its products from various telecom and power infrastructure projects. 

Stocks in News

Biocon Ltd: 

     Biotech firm reported a 13 per cent dip in net profit for October-December quarter at Rs 91 crore and said it will sell 10-15 per cent stake in its research services arm Syngene. 

Emami Ltd: 

     FMCG major Emami on Thursday said it has acquired a controlling stake of 66.67% in Australia-based Fravin Pty Ltd along with its three subsidiaries, said media reports. 

Muthoot Finance Ltd:

     Kerala-headquartered Muthoot Finance Ltd today reported a dip in its net profit for the third quarter ended December 31, 2014 at Rs 154 crore. 

Cairn India Ltd: 

     Cairn India on Thursday reported a 53 per cent drop in December quarter net profit, crimped by the slump in global oil prices and drop in production. 

Polaris Consulting and Services: 

     Formerly known as Polaris Financial Technology reported a net profit of Rs 39.25 crore for the quarter ended December 31, 2014. The company had posted a net profit of Rs 50.75 crore in the corresponding period of the last year, Polaris said in a statement. 

Markets to make gap-up opening on ECB Stimulus

Results Calendar

      ATUL LTD, ALSTOM India Ltd, BHARAT ELECTRONICS LTD, COROMANDEL INTERNATIONAL LTD, Edelweiss Financial Services Ltd, KOLTE-PATIL DEVELOPERS LTD, LIBERTY SHOES LTD, MIRZA INTERNATIONAL LTD, MOUNT EVEREST MINERAL WATER LTD, PEACOCK INDUSTRIES LTD, RAJOO ENGINEERS LTD, RPG LIFE SCIENCES LTD, TCI FINANCE LTD, ULTRATECH CEMENT LTD.

smiling bull for going to race on MARKET

update

L&T Finance gains 4 per cent; December quarter net up 65 per cent

     L&T Finance Holdings has registered 50.74% rise in its net profit at Rs 75.64 crore for the quarter under review as compared to Rs 50.18 crore for the same quarter in the previous year. Total income of the company has increased 26.29% at Rs 91.75 crore for Q3FY15 as compared Rs 72.65 crore for the corresponding quarter previous year.
     On the consolidated basis, the company’s net profit rose 65.57% to Rs 181.61 crore for the Q3 FY15 as compared to Rs 109.69 crore in Q3 FY14. Moreover, the total income surged 23.20% to Rs 1611.52 crore in the quarter under review as compared to Rs 1308.06 crore in the corresponding quarter previous year.
     Stock closed at Rs 71.65 up Rs 2.15 on the BSE.

Muthoot Finance declines on reported 20% fall in Q3 net profit.

     Muthoot Finance has registered 20.49% fall in its net profit at Rs 154.44 crore for the quarter under review as compared to Rs 194.25 crore for the same quarter in the previous year. Total income of the company has decreased 10.95% at Rs 1069.25 crore for Q3FY15 as compared Rs 1200.75 crore for the corresponding quarter previous year.
     Muthoot Finance is the largest gold financing company in India in terms of loan portfolio. The company is a Systemically Important Non-deposit taking NBFC headquartered in the southern Indian state of Kerala and with its corporate office in New Delhi.

Emami shares up over 3% at close after Australian acquisition

     Emami’s UAE- based wholly owned subsidiary Emami Overseas FZE has acquired controlling stake of 66.67% in Fravin Pty (Fravin), a company based in Australia with major strength in R&D and manufacture of natural and organic personal care products in Australia. Consequent to the above acquisition, Fravin along-with its three subsidiary companies has also become subsidiaries of Emami.
     Emami manufactures products under various categories namely Hair Care, Skin Creams and Lotions, Talcum Powder and ayurvedic health care products. Emami's Boroplus portfolio is worth Rs 400 crore, comprising of three brands -- BoroPlus Antiseptic Cream, Boroplus Advanced Moisturizing Lotion and BoroPlus Prickly Heat Powder.
     Emami closed at Rs 892.75 up Rs 34.3, or 4 percent on the BSE.

Zee Media posts Q3 net loss at Rs 10.4 cr

     Zee Media Corporation   has posted consolidated net loss of Rs 10.4 crore in its Q3FY15 versus profit of Rs 6 crore, in the same quarter last year. 
     The company’s total income was up 52.6 percent at Rs 140 crore against Rs 91.7 crore on year-on-year basis. 
    The advertisement revenue went up 63.1 percent at Rs 100.1 crore and subscription revenue was up 12.3 percent at Rs 30.3 crore, Y-o-Y. 
    Zee Media Corporation  closed at Rs 18.80, down Rs 0.6,or 3.09 percent on the BSE. 

Rupee erases early gains; ends weak on bout of dollar demand

     Indian rupee, after making a flat start and appreciating to one week high in intra-day trade, wiped out all its gains and ended weak against dollar on Thursday on bouts of dollar demand from importers. However, record-breaking run of local equities for yet another session and strength of other Asian currencies limited the losses of local unit. On the global front, euro held steady on Thursday as investors awaited details of a sovereign bond-buying programme that the European Central Bank is seen likely to announce later in the day.
     Finally the rupee ended at 61.70, weaker by 7 paise from its previous close of 61.63 on Wednesday. The currency touched a high and low of 61.76 and 61.49 respectively. 

Muthoot Finance declines on reporting 20% fall in Q3 net profit

     Muthoot Finance has registered 20.49% fall in its net profit at Rs 154.44 crore for the quarter under review as compared to Rs 194.25 crore for the same quarter in the previous year. Total income of the company has decreased 10.95% at Rs 1069.25 crore for Q3FY15 as compared Rs 1200.75 crore for the corresponding quarter previous year.
     Muthoot Finance is the largest gold financing company in India in terms of loan portfolio. The company is a Systemically Important Non-deposit taking NBFC headquartered in the southern Indian state of Kerala and with its corporate office in New Delhi.
     Muthoot Finance is currently trading at Rs. 223.40, down by 9.05 points or 3.89% from its previous closing of Rs. 232.45 on the BSE.

NIIT strengthens on winning three-year contract to provide managed training services to Vestas

     NIIT has been awarded a three-year contract to provide managed training services to Vestas Wind Systems A/S, a leading global wind energy company headquartered in Aarhus, Denmark.
     With this contract, the company’s Corporate Learning Group will provide learning administration, strategic sourcing, custom content development and LMS services to Vestas for a period of three years.
     NIIT is a market leading, global learning outsourcing company which provides a comprehensive suite of managed training services including Curriculum Design and Content Development, Learning Administration, Learning Delivery Management, Learning Technology (including LMS), Strategic Sourcing and Advisory Services.
      NIIT is currently trading at Rs. 46.15, up by 0.80 points or 1.98% from its previous closing of Rs. 45.35 on the BSE.

Polaris Consulting rallies over 4% as Jhunjhunwala hikes stake

     Ace investor Rakesh Jhunjhunwala has hiked his stake in Polaris Consulting and Services from 1.58% at the end of September 2014 quarter to 3.83% in December quarter.
     Polaris is a full-spectrum Financial Technology major, using technology as an enabler to drive unprecedented operational productivity in Retail, Corporate and Investment Banking. Polaris services over 200 banks across the world, including 9 of the top 10 banks, with a comprehensive suite of products, services and consulting offerings.
     Polaris Consulting & Services is currently trading at Rs. 172.00, up by 5.60 points or 3.73% from its previous closing of Rs. 166.40 on the BSE.

Results Calendar

     ALPHAGEO (INDIA) LTD, BIOCON LTD, CAIRN INDIA LTD, DEEPAK NITRITE LTD, DISH TV INDIA LTD, ESSAR PORTS LTD, HCL INFOSYSTEMS LTD, MASTEK LTD, MAHINDRA HOLIDAYS & RESORTS INDIA LTD, MUTHOOT FINANCE LTD, Orient Cement Ltd, PHILLIPS CARBON BLACK LTD, PRESTIGE ESTATES PROJECTS LTD, RANE (MADRAS) LTD, SAGAR CEMENTS LTD, SUPREME INDUSTRIES LTD, STERLITE TECHNOLOGIES LTD, TATA METALIKS LTD, TCI INDUSTRIES LTD, TINPLATE COMPANY OF INDIA LTD, Zee Media Corporation Limited, ZUARI AGRO CHEMICALS LTD.

update

Jet Airways Ltd: 

     Jet Airways has sought approval of shareholders to raise $300 million (Rs 1,800 crore) through issue of non-convertible debentures to strategic partner and co-owner Etihad Airways. 

South Indian Bank: 

     The private sector bank has registered a 38 per cent dip in its net profit at Rs 87.93 crore for the October-December quarter of this fiscal due to a steep hike in provisions for bad loans. 

TCS Ltd: 

     IT services firm Tata Consultancy Services said it has signed a multi-year contract with Virgin Atlantic Airways covering private cloud, Infrastructure-as-a-Service (IaaS) and IT support services. 

TTK Prestige declines on reporting 5% drop in Q3 net profit

     TTK Prestige has registered a fall of 4.85% in its net profit after tax at Rs 28.06 crore for third quarter ended December 31, 2014 as compared to Rs 29.49 crore for the same quarter in the previous year. However, total income of the company has increased 3.63% at Rs 385.48 crore for Q3FY15 as compared Rs 371.97 crore for the corresponding quarter previous year.
     TTK Prestige, one of the oldest business houses in the country. Having initially pioneered and established a network of distribution, TTK Prestige moved to manufacturing, post-independence. Being a dynamic and fast growing company, it soon became the leading manufacturer of Pressure cookers in India and offered the most comprehensive range of kitchenware in the world.
     TTK Prestige is currently trading at Rs. 3610.00, down by 158.45 points or 2.88% from its previous closing of Rs. 3768.45 on the BSE.

update

Tata Elxsi shines on reporting 29% rise in Q3 consolidated net profit.

     Tata Elxsi has registered 33.16 % rise in its net profit at Rs 28.59 crore for third quarter ended December 31, 2014 as compared to Rs 21.47 crore for the same quarter in the previous year. Total income of the company has increased 12.72% at Rs 222.58 crore for Q3FY15 as compared Rs 197.47 crore for the corresponding quarter previous year.
     On the consolidated basis, the company’s net profit rose 28.77 % to Rs 27.75 crore for the Q3 FY15 as compared to Rs 21.55 crore in Q3 FY14. Moreover, the total income surged 11.48 % to Rs 221.81 crore in the quarter under review as compared to Rs 198.97 crore in the corresponding quarter previous year.
     Tata Elxsi is currently trading at Rs. 792.00, up by 53.75 points or 7.52 % from its previous closing of Rs. 738.25 on the BSE.

Results Calendar

     ENTURY PLYBOARDS LTD, EVERESTIND, INGVYSYABK, IONEXCHANG, ITC LTD, KPIT Technologies Limited, ION EXCHANGE (INDIA) LTD, L&T FINANCE HOLDINGS LTD., MCLEOD RUSSEL INDIA LTD., RAJ TELEVISION NETWORK LTD., RANE ENGINE VALVE LTD., RAYMOND LTD., SUPREME PETROCHEM LTD., TATA ELXSI LTD., TTK HEALTHCARE LTD, TTK PRESTIGE LTD., ZEE ENTERTAINMENT ENTERPRISES LTD.

Rupee recoups early losses; ends flat on Tuesday

  

     Indian rupee, recouping all the early losses, concluded flat on Tuesday tailing record high close of local equities. The currency snapping two consecutive sessions’ appreciating streak depreciated in early deals on account of incremental dollar demand by foreign banks and oil importers. However, further gains of local currency were restricted on account of strength of dollar against the basket of other major currencies. On the global front,  short-covering helped lift the dollar to a one-week high against the yen on Tuesday after China growth data was not as bad as many feared, while the euro remained under pressure ahead of possible easing steps by the European Central Bank as early as this week.     

Finally the rupee ended unchanged at Monday’s close of 61.70 on Tuesday. The currency touched a high and low of 61.91 and 61.68 respectively.

Blue Star strengthens on aiming to garner better market share in 2015

     Blue Star is targeting to garner better market share this year, buoyed by growth from the residential segment, and with a new range of air conditioners for the coming summer.
     The company’s 70 per cent of overall room air-conditioner volume came from the residential segment. It currently commands 8.5 per cent share of the close to 4-million-unit room air-conditioner market. For the current calendar year, it targets 10 per cent share.
     Blue Star is India’s leading central air-conditioning and commercial refrigeration company fulfilling the cooling requirements and providing end-to-end solutions as a manufacturer, contractor and after-sales service provider to corporate, commercial, institutional and residential customers.
     Blue Star is currently trading at Rs. 362.60, up by 3.90 points or 1.09% from its previous closing of Rs. 358.70 on the BSE.

Gruh Finance edges higher on reporting 27% rise in Q3 net profit

     Gruh Finance has registered 26.96% rise in its net profit at Rs 44.74 crore for third quarter ended December 31, 2014 as compared to Rs 35.24 crore for the same quarter in the previous year. Total income of the company has increased 24.71% at Rs 271.11 crore for Q3FY15 as compared Rs 217.39 crore for the corresponding quarter previous year.
     Gruh Financehas is primarily engaged in the business of providing long term finance to individuals for construction, purchase, extension, repair and renovation of their homes. It also provides loans to professionals for office premises.
     Gruh Finance is currently trading at Rs. 312.00, up by 1.65 points or 0.53 % from its previous closing of Rs. 310.35 on the BSE.

Suven Life Sciences trades jubilantly on securing four Product Patents

     Suven Life Sciences has received four product patents. Of total, the company has received the grant of one product patent from Australia, two product patents from Japan and one product patent from Hong Kong corresponding to the New Chemical Entity (NCE) for the treatment of disorders associated with Neurodegenerative diseases and these Patents are valid through 2030.
     The granted claims of the patents include the class of selective alpha-4-beta-2 compounds discovered by Suven and are being developed as therapeutic agents for major depressive disorder (MDD).
     With these new patents, Suven has a total of 19 granted patents from Australia, 14 granted patents from Japan and 15 granted patents from Hong Kong. These granted patents are exclusive intellectual property of Suven and are achieved through the internal discovery research efforts. Products out of these inventions may be out-licensed at various phases of clinical development like at Phase-I or Phase-II.
     Suven Life Science is a biopharmaceutical company focused on discovering, developing and commercializing novel pharmaceutical products, which are first in class or best in class CNS therapies through the use of GPCR targets.
     Suven Life Sciences is currently trading at Rs. 220.00, up by 12.35 points or 5.95% from its previous closing of Rs. 207.65 on the BSE.

update

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                            28500                               8600     

                        ----------                               --------

                          Sensex                              Nifty

                                                 

Hindustan Zinc strengthens on reporting 38% rise in Q3 net profit

     Hindustan Zinc has reported 38.12% rise in its net profit at Rs 2379.37 crore for the quarter under review as compared to Rs 1722.72 crore for the same quarter in the previous year. Total income of the company has increased 20.43% at Rs 4665.29 crore for Q3FY15 as compared Rs 3874.02 crore for the corresponding quarter previous year.
     Hindustan Zinc manufactures three qualities of zinc -- special high grade zinc used in construction, infrastructure, household appliances etc; high grade zinc and prime western zinc. It manufactures silver used in photographic material, conductor, jewellery, etc.
     Hindustan Zinc is currently trading at Rs. 163.00, up by 2.60 points or 1.62% from its previous closing of Rs. 160.40 on the BSE.

Den Networks gains on entering into equal JV with Snapdeal.com

      Den Networks has entered into a 50:50 Joint Venture (JV) with Snapdeal.com, India’s largest online marketplace, to launch a ‘TV Commerce’ channel ‘DEN Snapdeal TV shop’, with an aim to create a multi-nodal electronic shopping avenue for customers. The channel is currently available for viewers on channel number 132 on DEN cable network and will be extended to other cable and DTH networks in the course of the next six months.
     DEN Networks reaches about 13 million households in over 200 cities across 13 states in the country. Snapdeal will leverage this robust distribution network of DEN to provide customers easy access to the wide assortment of products across Home, Lifestyle and Electronics categories with great value deals.
     DEN Snapdeal TV Shop will benefit those customers who have limited access to internet services particularly in Tier 2 and 3 cities further hampered by lack of physical access to top retail products and brands at competitive prices. Additionally, every purchase made on the channel comes with quality and delivery assurance from Snapdeal.com and the flexibility to pay on delivery - an option largely confined to e-shopping.
     Den Networks is currently trading at Rs. 126.50, up by 2.00 points or 1.61% from its previous closing of Rs. 124.50 on the BSE.

Kesoram Industries Ltd jump on 18% per cent in trade on Tuesday

     Kesoram Industries Ltd rallied as much as 18.1 per cent in trade on Tuesday, after media reports suggested that MRF is in advance discussion with Kesoram to acquire its main tyre unit out of the two of Birla Tyres for a value that's far higher than the market capitalization of the entire diversified Birla conglomerate, said multiple sources involved. 
     The deal, once completed will be the 69-year old MRF's first ever acquisition and consolidate its manufacturing presence in the north Indian market, PTI reported. It will also help to get a stronger grip over the commercial vehicles tyre segment where it is the second largest player after Apollo, added the report. 
     For Kesoram, selling its principal unit in Laksar, Uttrakhand would delevarge its balance sheet significantly that has been burdened by a ballooning debt pile of Rs 4425 crore, at end of the Sept 2014 quarter and free up working capital for other operations. 

Update

1. Snapdeal.com launches TV Commerce Channel in partnership with DEN Networks 
2. Outcome of finance committee meeting:  Poddar Developers has considered and approved opening of issue of equity shares under QIP transaction & preliminary placement document 
3. Aviation stocks in focus ( SpiceJet , Jet Airways ): On the back of a steep fall in crude prices, Moody's has changed its outlook of the global airline industry to `positive' from stable: ET 
4. Goldcorp to buy Probe Mines for about USD 440 million 
5.  Central Bank of India says LIC increases stake in bank to 15 percent 
6. Mindtree to buy US firm Discoverture Solutions for USD 15 million

smile please

Stocks in News

Indiabulls Housing Finance Ltd:

      The company reported 21 per cent rise in net profit at Rs 478.1 crore for the third quarter of 2014-15. 

Hindustan Zinc Limited: 

     HZLposted a 38% jump in net profit to Rs 2,379 crore in the third quarter ended December 31, 2014 against Rs 1,723 crore in the same period last year, riding on a 10% jump in production of mined metal during the quarter. 

Punj Lloyd Ltd: 

     Engineering major Punj Lloyd said it has sold its entire 17.74 per cent stake in Global Health Pvt Ltd, which owns Gurgaon-based Medanta Medicity hospital among others, to an arm of Singapore's state-owned investment company Temasek Holdings. 

REC Ltd: 

     The Competition Commission has ordered a probe against state-owned REC for allegedly indulging in unfair business practices with respect to financing of rural electrification schemes. 

MRF Ltd: 

     Madras Rubber Factory (MRF), India's largest tyre manufacturer is in advance discussion with BK Birla flagship Kesoram Industries to acquire its main tyre unit out of the two of Birla Tyres for a value that's far higher than the market capitalization of the entire diversified Birla conglomerate, said multiple sources involved. 

Results Calendar

    Kotak Mahindra Bank , South Indian Bank , JSW Holdings , Rallis India , Praj Industries, Excel Crop, Shemaroo Entertainment, Shakti Pump, Navin Fluoro, Kirloskar Oil Engines, Jindal Saw, Igarashi Motors, HMVL, Can Fin Home, BASF, Bartronics 

Results calendar

• Atul Auto Ltd, Gruh Finance Ltd, HIL Ltd, HFCL Ltd, Hindustan Unilever Ltd,
• Hindustan Zinc Ltd , Indiabulls Housing Finance Ltd, Indiabulls Securitites Ltd,
• Mindtree Ltd, Tata Sponge Iron Ltd , Sasken Communication Technologies Ltd,

Kolte-Patil Developers gains on raising Rs 30 crore through private placement

     Kolte-Patil Developers, Pune’s largest residential real estate developer, has raised Rs 30 crore through private placement. The company has allotted 300 ‘12.25% Secured Redeemable Taxable Non-Convertible Debentures Series II’ having face value of Rs 10 lakh each aggregating to Rs 30 crore.
     Kolte Patil Developers is a leading Pune-based real estate company incorporated in 1991. The company has developed and constructed 48 projects including 35 residential complexes, 9 commercial complexes, and 4 information technology parks covering a saleable area (KPDL share) of over 10 million square feet across Pune and Bengaluru.
      current price of stock is 190.15 up by 0.60 points from its previous closing of Rs 189.55 on the BSE.