TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES ) Nifty futures/Bank Nifty futures market closed on 8465 / 18770 . According to technical analysis if Nifty futures and Bank Nifty future moves up-word in tomorrow treading session then 8512 will be small resistance for Nifty futures and at the same time 18856 will be small Resistance for Bank Nifty futures, if it break this level then then Nifty futures can touch 8724 level and Bank Nifty futures can touch 19297 level in next few days. It will be hard resistance for Nifty futures and Bank Nifty futures. Meanwhile in revers there is small support on 8387 for Nifty futures and 18587 is for Bank Nifty futures after breaking this support with volume there is big support for Nifty futures on 8232 and 18022 for Bank Nifty futures.
TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES ) PIVOT POINT NIFTY DAILY
R2 8893
R1 8573
PP 8413
S1 8253
S2 7933
WEEKLY
R2 8985
R1 8595
PP 8400
S1 8205
S2 7815
MONTHLY
R2 9722
R1 8800
PP 8339
S1 7878
S2 6956
PIVOT POINT BANK NIFTY DAILY
R2 19611
R1 18987
PP 18675
S1 18363
S2 17739
WEEKLY
R2 20288
R1 19156
PP 18590
S1 18024
S2 16892
MONTHLY
R2 22619
R1 19739
PP 18299
S1 16859
S2 13979
MOVING AVERAGE
21 DAYS
50 DAYS
100 DAYS
200 DAYS
NIFTY BANK NIFTY
8307 18217
8447 18340
8576 18833
8354 17839
PARABOLIC SAR
DAILY
WEEKLY
MONTHLY
NIFTY BANK NIFTY
8223 17776
8823 19560
9195 17077
VOLUME
DAILY
WEEKLY
MONTHLY
NIFTY BANK NIFTY
1,58,15,740 26,49,375
5,71,15,360 1,27,44,600
25,34,42,400 6,20,15,172
NSE EQUITY DAILY LEVELS COMPANY NAME
R3
R2
R1
PP
S1
S2
S3
ACC ALBK
EQ EQ
1615 110
1561 108
1540 107
1506 106
1485 105
1452 103
1398 101
AMBUJACEM ASIAN PAINT AXISBANK BAJAJ-AUTO BANKBARODA BANKINDIA BHEL BHARTIARTL CIPLA COALINDIA DLF DRREDDY GAIL GRASIM HCLTECH HDFC HDFCBANK HEROMOTOCO HINDALCO HINDUNILVR ICICIBANK ITC INDUSIND BANK INFY JINDALSTEL KOTAKBANK LT M&M MRF MARUTI ONGC ORIENTBANK RCOM RELCAPITAL RELIANCE RELINFRA RPOWER SBIN SSLT( VEDL) SUNPHARMA TATAMOTORS TATAPOWER TATASTEEL UNIONBANK
EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ
255 837 607 2400 168 212 273 486 688 414 130 3698 427 3891 1169 1294 1097 2837 139 889 325 347 922 2137 139 1482 1738 1428 37112 3947 362 228 76 419 905 455 56 288 220 1006 505 77 342 180
245 810 595 2356 165 203 262 453 669 401 124 3615 407 3749 1087 1264 1070 2756 134 872 321 336 895 2082 128 14 1694 1329 36420 3851 343 220 71 406 892 433 55 283 208 987 494 76 335 176
240 798 590 2336 163 200 257 439 659 396 120 3575 398 3694 1048 1250 1060 2726 132 865 319 331 884 2052 123 1417 1674 1294 36147 3818 336 217 69 401 884 421 54 280 202 976 488 75 332 175
235 783 582 2311 162 194 252 420 650 388 118 3532 387 3607 1005 1234 1043 2675 130 854 316 325 869 2026 116 1387 1649 1231 35728 3755 324 212 67 393 878 411 53 278 197 968 483 74 328 172
231 771 577 2291 160 191 246 406 641 383 115 3492 377 3552 966 1220 1033 2645 127 848 315 320 858 1997 112 1369 1630 1195 35466 3722 318 209 65 387 871 399 52 276 191 957 477 73 324 170
225 756 569 2266 158 185 241 388 631 375 112 3449 367 3465 923 1204 1016 2594 125 836 312 313 842 1971 105 1339 1605 1133 35036 3660 306 204 62 380 865 389 51 274 186 949 482 72 321 168
215 729 557 2221 155 176 231 355 612 362 106 3366 346 3323 841 1174 989 2513 121 819 308 302 815 1915 93 1291 1561 1035 34344 3564 287 195 57 367 852 367 50 269 175 930 462 71 314 164
TOP 15 ACHIEVERS
SR.N SCRIPT NAME PREV O CLOS
//
TOP 15 LOOSERS
CMP
% CHANG
SR.NO
SCRIPT NAME
PREV CLOSE
CMP % CHANG
1
SRGINFOTEC
0.20
0.02
+25
1
ATNINTER
0.25
0.20
-20
2
FARMAXIND
0.40
0.45
+12.50
2
SOMATEX
3.70
3.05
-17.56
3
BSELINFRA
2.10
2.35
+11.90
3
CURATECH
9.35
8.15
-12.83
4
JINDWORLD
88.15
98.50
+11.74
4
REISIXTEN
0.40
0.35
-12.50
5
SAMTEL
0.50
0.55
+10.00
5
SIMPLEX
31.40
27.80
-11.46
6
AUSTRAL
0.50
0.55
+10.00
6
NICCO
0.45
0.40
-11.11
7
RAJRAYON
0.50
20.55
+10.00
7
TULSI
3.25
2.90
-10.76
8
SPYL
1.00
1.10
+10.00
8
EUROTEXIND
23.35
21
-1006
9
SHRIASTER
7.00
7.70
+10.00
9
ZENITHCOMP
3.50
3.15
-10.00
10
LAMBODHARA
495.75
+9.99
10
CELESTIAL
40.70
36.65
-9.95
11
SYNCOM
450.7 0 5.85
6.40
+9.40
11
WEIZMANIND
15.20
13.80
-9.21
12
KARMAENG
19.20
21.00
+9.37
12
XPROINDIA
30.85
28.25
-8.42
13
STERLINBIO
6.55
7.15
+9.16
13
PKDL
4085
4.45
-8.24
14
PATSPINL
7.70
8.40
+9.09
14
REFEX
8.50
7.80
-8.23
15
INDOTHAI
17.80
8.42
+8.42
15
PRIMESECU
5.25
4.85
-7.61
NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION ) SBIN ( BULLISH ) - If it break level of 285 then it can touch level of 305. So we can say there is long position in SBIN with stop loss of 279. 1.
BANK OF BARODA ( BULLISH ) - Bank of Baroda seems bullish for next week. If it break level of 166 then with stop loss of 158.50 we can take log position for 179. 2.
ONGC ( BEARISH ) - It is looking week for next week as per technical analysis. Below 321 we can make short position in ONGC futures for the target of 298 with stop loss of 331. 3.
4. ICICI BANK ( BULLISH ) - In chart it is looking good for traders. Traders can make long position above 325 for the target of 346 with stop loss of 307.
CURRENCY MARKET USDINR
R2
R1
PP
S1
S2
DAILY
64.69
64.33
64.15
63.97
63.61
WEEKLY
R2 66.05
R1 64.83
PP 64.22
S1 63.61
S2 62.39
MONTHLY
R2 68.36
R1 65.62
PP 64.25
S1 62.88
S2 60.14
EURINR
R2
R1
PP
S1
S2
DAILY
71.79
70.79
70.29
69.79
68.79
WEEKLY
R2 71.62
R1 70.93
PP 70.65
S1 70.24
S2 69.96
MONTHLY
R2 83.47
R1 75.39
PP 71.35
S1 67.31
S2 59.23
JPYINR
R2
R1
PP
S1
S2
DAILY
52.52
52.02
51.77
51.52
51.02
WEEKLY
R2 55.23
R1 53.07
PP 51.90
S1 50.91
S2 48.75
MONTHLY
R2 61.36
R1 55.52
PP 52.60
S1 49.68
S2 43.84
GBPINR
R2
R1
PP
S1
S2
DAILY
99.60
98.50
97.95
97.40
96.30
WEEKLY
R2 103.24
R1 99.96
PP 98.32
S1 96.68
S2 93.40
MONTHLY
R2 113.69
R1 103.71
PP 98.72
S1 93.73
S2 83.75
TOP NEWS OF THE WEEK ✍
Greenply Ind Q4 net profit at Rs. 45.6 crore
Greenply Industries Ltd has announced the following results for the quarter & year ended March 31, 2015.The company reported net profit of Rs. 45.6 crore in Q4 FY15 against Rs. 36.8 crore in the same period last quarter.During the period under review, the company's Total Income stood at Rs. 429 crore Vs Rs. 570.7 crore (YoY).The company has recommended dividend of Rs. 3 per equity share of Rs. 5.00 each and the Company will arrange to pay the same between August 29, 2015 to September 02, 2015, if approved by the members at the ensuing Annual General Meeting scheduled to be held on August 25, 2015.
✍ ONGC up on hopes of subsidy relief ONGC is trading on a positive note on hopes of getting subsidy relief after the government announced that oil explorers - ONGC and Oil India may be spared the from payment of fuel subsidy in case global oil prices average up to $ 60 a barrel, but will have to pay a graded rate beyond this threshold.So far this calendar year, the average price of NYMEX Crude Oil futures has been below $ 60 a barrel. The NYMEX Crude currently trade around $ 59 a barrel.ONGC so far has advanced to a high of Rs. 327, and is now up 1.2 percent at Rs. 326. The counter has seen trades of around 49,000 shares as against the two-week daily average volume of around 242,000 shares on the BSE
✍ CEAT stock surges 4% on earnings Shares of CEAT Ltd surged by 4% at Rs. 799 after the company posted Q4 results. The stock has hit a high of Rs. 810 and a low of Rs. 799.The Group has posted a net Profit after taxes, minority interest and share of profit / (loss) of associates of Rs. 939.10 mn for the quarter ended March 31, 2015 as compared to Profit of Rs. 624.20 million for the quarter ended March 31, 2014.Total Income has Increase from Rs. 14575.80 million for the quarter ended March 31, 2014 to Rs. 14886.40 mn for the quarter ended March 31, 2015. The Board of Directors of the Company at its meeting held on May 22, 2015, has approved issue of non-convertible debentures upto Rs. 500.00 crores in one or more tranches, subject to approval of members of the Company.
✍ ITC stock down 3% post Q4 results Shares of ITC is down by 3% at Rs. 319 after the company posted Q4 results. The stock has hit a high of Rs. 322 and a low of Rs. 319.The Company has posted a net Profit of Rs. 23611.80 mn for the quarter ended March 31, 2015 as compared to Rs. 22780.10 million for the quarter ended March 31, 2014. Total Income has Increase from Rs. 95052.30 million for the quarter ended March 31, 2014 to Rs. 96631.50 million for the quarter ended March 31, 2015.
✍ Adani Group may foray into defence manufacturing Adani Group is quietly evaluating a foray into defence and aerospace production, the latest among big industrial groups eyeing a piece of what many believe to be a sunrise sector under the Modi regime with its accent on big defence spending dovetailed with its 'Make in India' drive.Adani executives are meeting representatives of overseas defence companies to explore tieups for manufacturing a range of defence equipment, says report.
✍ Essar Oil falls 3% on weak Q4 earnings Essar Oil started the day on a negative note - down 3.9 percent at Rs. 104 on reporting weak sets of earnings for the quarter ended March, 2015.The company reported 45.8 percent decline in Q4 net profit at Rs. 546 crore from Rs. 1,008 crore in Q4FY14. Total income also slumped 38.2 percent to Rs. 15,753 crore from Rs. 25,508 crore. The stock is now down 3 percent at Rs. 104.30. The BSE counter has seen trades of around 24,000 shares, as against two-week daily average volume of 36,000 shares.
✍ Tata Motors falls ahead of Q4 results Tata Motors continues to trade near the lowest level of the day at Rs. 495 - with a drop of almost 2 percent at Rs. 496, on hopes of weak earnings. On the BSE, so far 135,000 shares have changed hands at the counter as against the two-week daily average volume of 571,000 shares.
✍ Corporation Bank to cut base rate by 25 bps to 10% from June 1 Shares of Corporation Bank Ltd were trading flat at Rs. 55.40 on BSE today. The bank has revised the Base Rate for lending from 10.25% p.a. to 10% p.a. with effect from June 01, 2015. The stock opened at Rs. 56 as against the previous close of Rs. 55.25 on BSE. It has hit a high of Rs. 56 and a low of Rs. 55.05 on BSE today. Total traded quantity on the counter stood at over 7,576 lk shares on BSE.
✍ Dish TV stock rallies 14% on Q4 numbers Shares of Dish TV surged 14% at Rs. 96 after the company posted Q4 results. The stock has hit a high of Rs. 98 and a low of Rs. 84. The Company has posted a net profit of Rs. 350.10 mn for the quarter ended March 31, 2015 as compared to net loss of Rs. (1490.50) million for the quarter ended March 31, 2014. Total Income has increased from Rs. 6570.00 million for the quarter ended March 31, 2014 to Rs. 7683.80 million for the quarter ended March 31, 2015.
✍ Power Grid raises Rs 3,000 crore Power Grid is planning to raise about Rs 3,000 crore by selling bonds, according to report. Report says that there were about 18 arrangers for the Power Grid issue. Earlier, the company had issued long-term bonds raising Rs 435 crore at an yield of 8.30%.
✍ United Spirits Q4 net loss at Rs. 1,799 cr; operating margin at 1.2% United Spirits Ltd has announced the following results for the quarter & year ended March 31, 2015.The company reported net loss of Rs. 1,799 crore in Q4 FY15 against Rs. 5,380 crore.
During the period under review, the company's Total Income stood at Rs. 2,051.3 crore Vs Rs. 2,177.2 crore (QoQ). The company net sales at Rs. 2,020 crore in Q4 FY15 compared to Rs. 1,917 crore.
✍ JK Cement plans to raise up to Rs. 300 crores JK Cement Ltd haS announced that the Board of Directors of the Company at its meeting held on May 23, 2015, has decided to raise long term funds by way of issue of Securities and/or Non Convertible Debentures with warrants on Preferential Allotment basis, Qualified Institutional Placement (QIP) basis or such other form as may be permissible under law for an amount upto Rs. 300 Crores with a green shoe option subject to shareholders’ approval sought in the ensuing Twenty First Annual General Meeting of the Company convened on August 01, 2015.
✍ Rel Infra Q4 cons net profit at Rs. 459 crore; Operating margin at 20.2% Reliance Infrastructure has posted a net profit after taxes, Share of Profit in Associates and minority interest of Rs. 4591.10 million for the Quarter ended March 31, 2015 where as the same was at Rs. 6214.20 million for the Quarter ended March 31, 2014. Total Income is Rs. 50276.30 million for the Quarter ended March 31, 2015 where as the same was at Rs. 50360.00 million for the Quarter ended March 31, 2014. The Group has posted a net profit after taxes, Share of Profit in Associates and minority interest of Rs. 18001.80 million for the year ended March 31, 2015 where as the same was at Rs. 19136.70 million for the year ended March 31, 2014. Total Income is Rs. 188516.00 million for the year ended March 31, 2015 where as the same was at Rs. 202737.20 million for the year ended March 31, 2014. The Board of Directors of the Company at its meeting held on May 27, 2015, inter alia, has recommend a Dividend of Rs. 8.00 per share on fully paid up equity shares of Rs. 10 each.
✍ Tata Chemicals Q4 cons net loss at Rs. 74.2 crore Tata Chemicals Ltd has announced a net profit / loss after taxes, minority interest and share of profit / loss of associates of Rs. 741.70 million for the quarter ended March 31, 2015 as compared to net loss of Rs. 12257.20 million for the quarter ended March 31, 2014. Total Income has increased from Rs. 37523.50 million for the quarter ended March 31, 2014 to Rs. 37653.80 million for the quarter ended March 31, 2015. The Audited Consolidated results for the Year ended March 31, 2015 The Group has posted a net profit / (loss) after taxes, minority interest and share of profit / (loss) of associates of Rs. 5964.60 million for the year ended March 31, 2015 as compared to net loss of Rs. 10320 million for the year ended March 31, 2014. Total Income has increased from Rs. 160277.70 million for the year ended March 31, 2014 to Rs. 173209.10 million for the year ended March 31, 2015
✍ Balrampur Chini Q4 net profit at Rs.75.8 crore;Operating Margin at 15.6% Balrampur Chini Mills Ltd has posted a net profit of Rs. 758.20 mn for the quarter ended March 31, 2015 as compared to Rs. 1899.00 million for the quarter ended March 31, 2014. Total Income has decreased from Rs. 7084.90 mn for the quarter ended March 31, 2014 to Rs. 6678.30 mn for the quarter ended March 31, 2015. The Company has posted a net loss of Rs. (577.30) mn for the year ended March 31, 2015 as compared to net profit of Rs. 36.40 million for the year ended March 31, 2014. Total Income
has increased from Rs. 26908.80 mn for the year ended March 31, 2014 to Rs. 30060.60 million for the year ended March 31, 2015.
✍ Gujarat Pipavav Q4 net profit at Rs.66.9 crore;Operating margin at 59.9% Gujarat Pipavav posted a net profit of Rs. 668.855 mn for the Quarter ended March 31, 2015 where as the same was at Rs. 610.223 million for the Quarter ended March 31, 2014. Total Income is Rs. 1931.166 mn for the Quarter ended March 31, 2015 where as the same was at Rs. 1611.693 million for the Quarter ended March 31, 2014.
✍ Tata Global Q4 cons net profit at Rs.39mn Tata Global has posted a net profit of Rs. 39.00 million for the quarter ended March 31, 2015 as compared to Rs. 693.00 mn for the quarter ended March 31, 2014. Total Income has increased from Rs. 19261.50 million for the quarter ended March 31, 2014 to Rs. 19311.20 million for the quarter ended March 31, 2015.The Group has posted a net profit of Rs. 2478.20 million for the year ended March 31, 2015 as compared to Rs. 4805.10 million for the year ended March 31, 2014.Total Income has increased from Rs. 78194.10 million for the year ended March 31, 2014 to Rs. 80633.70 million for the year ended March 31, 2015.
✍ Bank Of India Q4 net loss at Rs 66 crore Bank Of India has posted a net loss of Rs. (561.40) million for the quarter ended March 31, 2015 as compared to net profit of Rs. 5575.10 million for the quarter ended March 31, 2014. Total Income has increased from Rs. 112740.90 mn for the quarter ended March 31, 2014 to Rs. 122869.80 million for the quarter ended March 31, 2015. The Bank has posted a net profit of Rs. 17089.20 million for the year ended March 31, 2015 as compared to Rs. 27292.70 million for the year ended March 31, 2014. Total Income has increased from Rs. 422019.40 million for the year ended March 31, 2014 to Rs. 476626.10 million for the year ended March 31, 2015.
✍ Hindalco Q4 net profit at Rs.159.5 crore; Operating margin at 9% Hindalco has posted a net profit of Rs. 1595.30 mn for the quarter ended March 31, 2015 as compared to Rs. 2481.50 million for the quarter ended March 31, 2014. Total Income has increased from Rs. 86475.30 mn for the quarter ended March 31, 2014 to Rs. 96016.30 million for the quarter ended March 31, 2015.The Company has posted a net profit of Rs. 9251.60 million for the year ended March 31, 2015 as compared to Rs. 14133.30 million for the year ended March 31, 2014. Total Income has increased from Rs. 289753.50 million for the year ended March 31, 2014 to Rs. 354072.40 million for the year ended March 31, 2015.
✍ M&M Q4 PAT at Rs. 551 crore;Operating margin at 9.4% Mahindra & Mahindra Ltd posted a net profit of Rs. 5505.60 million for the Quarter ended March 31, 2015 where as the same was at Rs. 8968.80 million for the Quarter ended March 31, 2014. Total Income is Rs. 96466.80 mn for the Quarter ended March 31, 2015 where as the same was at Rs. 110992.20 mn for the Quarter ended March 31, 2014.The Company has posted a net profit of Rs. 33211.10 million for the year ended March 31, 2015 as compared to Rs. 37583.50 million for the year ended March 31, 2014. Total Income has decreased from Rs.
412264.90 million for the year ended March 31, 2014 to Rs. 397943.60 million for the year ended March 31, 2015.
✍ BEL Q4 net profit at Rs.722.9 crore BEL Q4 net profit stands at Rs.722.9 crore.The Total Income for the quarter was at Rs.2,928.2 Crore. The Board of Directors of the Company at its meeting held on May 29, 2015, in addition to the Interim Dividend @ Rs. 6.00 per share paid during the last quarter, a Final Dividend of Rs. 23.00 per share for the financial year 2014-15 has been recommended.
✍ NMDC falls 2% on weak Q4 earnings NMDC started the day on a negative note on reporting weak sets of earnings for the quarter ended March, 2015. The company booked 31.3 percent fall in Q4 net profit to Rs. 1,347 crore from Rs. 1,962 crore in Q4FY14. Total income also dropped by 19.4 percent to Rs. 3,555 crore from Rs. 4,412 crore. The stock opened with a loss of 1.2 percent at Rs. 130 and soon, has tumbled 3.8 percent to a low at Rs. 126. Now, the stock is down 2 percent at Rs. 129. The BSE counter has registered trades of around 21,000 shares, as against two-week daily average volume of 327,000 shares.
✍ Bank of Maharashtra reduces Base Rate on loans On the background of good financial results posted for 31.03.2015, Bank of Maharashtra, a Nationalised Bank reduces its Base Rate or Minimum Lending rate by 25 basis points from 10.25% to 10%, a move which would lower the interest cost to customers and EMIs of all loans. The Base Rate of Interest reduction is effective from 1st June, 2015. As it will reduce Base Rate Linked Loans and Advances EMIs. Commenting on this Mr. R.K.Gupta, ED, Bank of Maharashtra said that, “It is hoped to boost Housing Loan, Car Loan, SME Loans and other Retails Loans credit off-take in the Current Year.
✍ Top Economy news Bucking the overall trend of easing inflation, pulses got costlier by up to 64% in the first year of the Modi government across major metro cities, primarily due to fall in domestic production. Mindful of the impact of frauds on banks' financials, the Reserve Bank of India will soon set up a Central Fraud Registry as part of an early warning system. Revenue Secretary asked the central board of direct taxes to put together a "strategy paper" for elimination of tax exemptions provided to corporates. After finally notifying the mineral auction rules, the government is now planning to bring fresh mining exploration rules separately. The new rules don't have anything pertaining to non-exclusive reconnaissance permit, which is mandatory for preliminary exploration. Madhya Pradesh has retained second slot in the country once again in wheat procurement despite this being a "no-bonus" season. Punjab remains the top wheat procuring state. The enrolment of beneficiaries under the ambitious modified Direct Benefits Transfer for LPG scheme has finally stopped at 128.7mn people.
The Chief Economic Adviser said that India's adequate food stocks would help contain inflation, even if summer monsoon rains turn out to be weak. Textile exports in 2014-15 registered a 3% growth at $41.7bn, against the targeted $45bn. Government's total debt increased by 0.9% in the fourth quarter ended March 31, over the previous thee-month period of the current financial. The government has said that FIPB's approval will not be required for merger and acquisitions in sectors where FDI is allowed under automatic route. The government will "abide by Supreme Court directions" on allowing Genetically Modified crops in the country. Foreign investors will no longer have to seek the government's permission to transfer shares to another overseas player in sectors where FDI is allowed under automatic route. The Union Government will introduce minimum support price for the minor forest produce sold by tribal people. To propel economic growth, the government has set an ambitious target of awarding highway projects worth Rs 3.5 trillion in next six months besides creation of 25 lakh jobs in the shipping, road, transport and highways sector.
� Top corporate news DLF has kept the new sales bookings target for this financial year at last year's level of about Rs.40bn as the company feels that it would take at least 12 months for housing sales to improve. Reliance Industries plans to fully resume its petrol pump network by March next year as government ending diesel subsidies have given it a level-playing field to compete with state-owned retailers. United Bank of India has become the first of the 17 lenders to publicly admit that it no longer expects to recover its dues from the beleaguered Kingfisher Airlines. Cipla has inked a pact with Uganda's Quality Chemicals to acquire majority stake in the Africa-based firm for a total consideration of over $30mn. ONGC and Oil India have been exempted from paying fuel subsidy if global oil prices average up to $60 a barrel, but will have to share a part of the burden if rates go higher. The Coal India Board has approved a Rs.5150mn plan to procure high-capacity box wagons of 80.5 tonnes each. Titan Company is eyeing tier-II cities for opening its showrooms and expanding its market share in watches, jewellery and eyewear products. NMDC said it has charted out a growth plan to take its iron ore production to 100mn tonnes by 2022.
TVS Srichakra, tyre manufacturing arm of TVS Group which sells tyres under the brand TVS Tyres, is in the process of developing radial tyres for the TVS Motor-BMW joint venture two wheeler products, which are expected to be revealed in 2016. Chennai Petroleum Corporation Ltd, a group company of Indian Oil Corporation, will raise around Rs10bn from its parent to strengthen its net worth. This, in turn, is expected to help the company borrow more to complete its Rs.31bn upgradation project to improve profitability. JSW Steel reported a 2% growth in crude steel production for April at 1.01mn tonnes. Bharat Heavy Electricals said it commissioned six hydro sets with a combined 736 MW capacity in 2014-15. National Thermal Power Corporation assured the Telangana Government that the entire power generated from the proposed 4000 mw thermal power project would be fully dedicated to the State. JK Tyre & Industries has launched its new Steel Wheels showroom at Karimnagar in Telangana. McDonald’s India has chalked out plans to reach out to newer markets by adding as many as 175-250 outlets in the West and South in the next 3-5 years. Ford Motor Company has decided to invest another Rs40bn to Rs.50bn in an R&D centre in Chennai, after investing a billion dollars in a second plant in Sanand, Gujara. Grasim Industries will sell its consumer products business to Future Consumer Enterprise Ltd on a slump sale basis. Lupin has confirmed that it was among the pharma companies that had received communication from the European Medicines Agency with regard to suspension of some medicines. Adani Group is planning to enter defence and aerospace manufacturing sector. Mahindra and Mahindra, which entered the two-wheeler business six years ago, will intensify marketing efforts to grow its market share by five-fold to about 5%. Alstom Bharat Forge Power Ltd, a joint venture between Alstom and Bharat Forge Ltd, has commenced production of supercritical turbines and generators at its new Greenfield manufacturing facility at Sanand. DLF Ltd has been directed to pay nearly Rs.800mn to a private company for rescinding from an agreement for construction and sale of a tower in Gurgaon, by an Arbitral Tribunal which said it breached contractual obligations to make profits. Crompton Greaves has bagged an order in Portugal to supply data concentrator units, a system used in smart grids, to Energias de Portugal. Dabur announced a partnership with Sulabh International, a social service organisation focused on sanitation, to drive personal cleanliness and hygiene, and inculcate the habit of using toilets. M&M to launch nine vehicles. The launches, including refreshes and all-new models, will be
in both the personal and commercial segments. Balrampur Chini Mills is planning to invest Rs.2000mn in its three units to enhance the production capacity of ethanol.
Royal Enfield unveiled a range of limited edition bikes, inspired by the ‘despatch riders’ of the World Wars, which will be sold online only. RINL and PowerGrid signed a shareholders’ agreement to form a joint venture company, RINL-POWERGRID TLT Limited, with 50:50 shareholding for setting up a unit to manufacture transmission line towers her. Arvind Limited will open the first store of US-based fashion brand GAP in Delhi on May 30. Lanco Infratech, which has been in the market to sell assets across businesses to reduce debt, has decided to put on hold all divestment plans in India by another two years on hopes of better valuation as it believes the business environment is improving. BASF opened a research and development centre for agrochemicals at Pune, its first in the country, at an estimated investment of Rs.640mn.
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