FREE EQUITY TIPS | SENSEX, NIFTY AND TATA POWER PROFIT:-
The world’s attention is on Vienna today and it’s not about the imperial
palaces or elegant coffee houses and wood-panelled bistro pubs. The
city known to be steeped in history could write a new chapter if a deal
is struck to cut oil output at the meeting of the Organization of the
Petroleum Exporting Countries. The indices to open on a flat note.
Asian markets opened mixed as oil weakness saw exporters fall while
importers saw rise in indices. Overnight the US indices rallied with the
tech heavy Nasdaq hitting fresh 52 week highs as risk on trade returns
with any fall being an opportunity to buy.
A boost in prices could resurrect not just energy stocks but many other
asset classes. US GDP numbers came in at 3.2pc in the September quarter
raising hopes of a rate hike next month.
In India, September quarter domestic GDP growth will be in focus; the
impact of demonetisation will be known only next quarter. The fiscal
deficit numbers and infrastructure output data are also on tap today.
Fitch Ratings has cut the GDP growth forecast for FY17 to 6.9 pc from
7.4 pc, citing the demonetisation effect.
Nifty gave away most
gains after a steady first half after profit booking by local players.
Auto's, Industrials & Pharma were leaders while banks bore the
selling with PSU leading the fall. Nifty is consolidating around the 200
dma(day moving average) placed @ 8157 & needs to spend few more
days to crossover. For today expect IT, Pharma & FMCG to see buying
while profit booking could emerge in Banks & Auto's.
Among the stocks to watch are:
Idea Cellular: Axiata
is looking to sell its 20% stake in Idea Cellular as the Malaysian
company believes the Indian telecom provider's valuation will remain
subdued for at least the next three years given the likelihood of a
pricing onslaught stemming from the entry of Reliance Jio Infocomm, as
per media report.
Tata Power: Tata Power posted a consolidated net
profit of Rs 336 crore for the quarter ended on September 30, 2016. It
had posted a consolidated net loss of Rs 96 crore in the corresponding
quarter last year.
National Fertilizers: The company reported an 11%
decline in net profit at Rs 46.5 crore for the quarter ended September
30. Its net profit had stood at Rs 52 crore in the year-ago period.
HCC: Hindustan Construction Company said its board
would consider issuance of equity shares as well as optionally
convertible debentures to lenders under the scheme for sustainable
structuring of stressed assets.
Lupin: The pharma company has received approval from
the US health regulator to market its Armodafinil tablets, indicated to
improve wakefulness, in the American market.
Vivimed Labs: Vivimed Labs on Wednesday said the US
health regulator has completed the inspection of its manufacturing
facility in Alathur. The company's 'Finished Dosage Form' manufacturing
facility has had a favourable outcome post its US Food and Drug
Administration (USFDA) inspection.
Quess Corp Ltd: Quess Corp is acquiring the facility
management and catering businesses of Manipal Integrated Services. The
purchase will help strengthen its market position in integrated facility
management, the company said.
SAIL: Government will hold auction to identify
strategic buyers for SAIL subsidiaries -- Bhadrawati, Salem and
Durgapur. SAIL, the state-owned steel giant, said the government has
in-principle approved strategic disinvestment of Bhadrawati, Salem and
Durgapur (alloy steel plants).
UCO Bank: The bank has raised Rs 270.59 crore by
issuing over 7 crore shares to LIC on preferential basis. “Bank has
issued and allotted 7,17,00,000 shares of Rs 10 each to LIC at an issue
price of Rs 37.74 per share, including a premium of Rs 27.74 on
preferential basis," it said in a regulatory filing.
JSW Steel Ltd: The company has joined one of two investor groups vying to take over Italy's loss-making Ilva steel plant.
Punj Lloyd: The company will announce its Q2 numbers today.
Results Today: GVK Power, Punj Lloyd, Balkrishna
Industries, Gujarat State Petronet, Man Infraconstruction, Ratnamani
Metals & Tubes, Tentiwala Metal Products.
Tata Power Company Ltd has announced the following results for the quarter ended September 30, 2016:
The company has posted a net profit after tax, minority interest and
share of profit of associates and joint ventures of Rs 336 crore for the
quarter ended September 30, 2016 as compared to net loss of Rs 96 crore
for the quarter ended September 30, 2015. Total Income has decreased
from Rs 7,577.5 crore for the quarter ended September 30, 2015 to Rs
7,311.8 crore for the quarter ended September 30, 2016.
On a standalone basis, the company has posted a net profit of Rs. 447
crore for the quarter ended September 30, 2016 as compared to Rs 356
crore for the quarter ended September 30, 2015. Total Income has
decreased from Rs 2,525.5 crore for the quarter ended September 30, 2015
to Rs 2,200 crore for the quarter ended September 30, 2016.
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The world’s attention is on Vienna today and it’s not about the imperial
palaces or elegant coffee houses and wood-panelled bistro pubs. The
city known to be steeped in history could write a new chapter if a deal
is struck to cut oil output at the meeting of the Organization of the
Petroleum Exporting Countries. The indices to open on a flat note.Asian markets opened mixed as oil weakness saw exporters fall while importers saw rise in indices. Overnight the US indices rallied with the tech heavy Nasdaq hitting fresh 52 week highs as risk on trade returns with any fall being an opportunity to buy.
In India, September quarter domestic GDP growth will be in focus; the impact of demonetisation will be known only next quarter. The fiscal deficit numbers and infrastructure output data are also on tap today. Fitch Ratings has cut the GDP growth forecast for FY17 to 6.9 pc from 7.4 pc, citing the demonetisation effect. Nifty gave away most gains after a steady first half after profit booking by local players. Auto's, Industrials & Pharma were leaders while banks bore the selling with PSU leading the fall. Nifty is consolidating around the 200 dma(day moving average) placed @ 8157 & needs to spend few more days to crossover. For today expect IT, Pharma & FMCG to see buying while profit booking could emerge in Banks & Auto's.
Idea Cellular: Axiata is looking to sell its 20% stake in Idea Cellular as the Malaysian company believes the Indian telecom provider's valuation will remain subdued for at least the next three years given the likelihood of a pricing onslaught stemming from the entry of Reliance Jio Infocomm, as per media report.
Tata Power: Tata Power posted a consolidated net profit of Rs 336 crore for the quarter ended on September 30, 2016. It had posted a consolidated net loss of Rs 96 crore in the corresponding quarter last year.
National Fertilizers: The company reported an 11% decline in net profit at Rs 46.5 crore for the quarter ended September 30. Its net profit had stood at Rs 52 crore in the year-ago period.
HCC: Hindustan Construction Company said its board would consider issuance of equity shares as well as optionally convertible debentures to lenders under the scheme for sustainable structuring of stressed assets.
Lupin: The pharma company has received approval from the US health regulator to market its Armodafinil tablets, indicated to improve wakefulness, in the American market.
Vivimed Labs: Vivimed Labs on Wednesday said the US health regulator has completed the inspection of its manufacturing facility in Alathur. The company's 'Finished Dosage Form' manufacturing facility has had a favourable outcome post its US Food and Drug Administration (USFDA) inspection.
Quess Corp Ltd: Quess Corp is acquiring the facility management and catering businesses of Manipal Integrated Services. The purchase will help strengthen its market position in integrated facility management, the company said.
SAIL: Government will hold auction to identify strategic buyers for SAIL subsidiaries -- Bhadrawati, Salem and Durgapur. SAIL, the state-owned steel giant, said the government has in-principle approved strategic disinvestment of Bhadrawati, Salem and Durgapur (alloy steel plants).
UCO Bank: The bank has raised Rs 270.59 crore by issuing over 7 crore shares to LIC on preferential basis. “Bank has issued and allotted 7,17,00,000 shares of Rs 10 each to LIC at an issue price of Rs 37.74 per share, including a premium of Rs 27.74 on preferential basis," it said in a regulatory filing.
JSW Steel Ltd: The company has joined one of two investor groups vying to take over Italy's loss-making Ilva steel plant.
Punj Lloyd: The company will announce its Q2 numbers today.
Results Today: GVK Power, Punj Lloyd, Balkrishna Industries, Gujarat State Petronet, Man Infraconstruction, Ratnamani Metals & Tubes, Tentiwala Metal Products.
Tata Power Company Ltd has announced the following results for the quarter ended September 30, 2016:The company has posted a net profit after tax, minority interest and share of profit of associates and joint ventures of Rs 336 crore for the quarter ended September 30, 2016 as compared to net loss of Rs 96 crore for the quarter ended September 30, 2015. Total Income has decreased from Rs 7,577.5 crore for the quarter ended September 30, 2015 to Rs 7,311.8 crore for the quarter ended September 30, 2016.
On a standalone basis, the company has posted a net profit of Rs. 447 crore for the quarter ended September 30, 2016 as compared to Rs 356 crore for the quarter ended September 30, 2015. Total Income has decreased from Rs 2,525.5 crore for the quarter ended September 30, 2015 to Rs 2,200 crore for the quarter ended September 30, 2016.
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