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7667 15530
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NSE EQUITY DAILY LEVELS COMPANY
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AMBUJACEM ASIAN PAINT AXISBANK BAJAJ-AUTO BANKBRODA BANKINDIA
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227 801 504 2446 1080 298
224 815 495 2398 1066 294
221 801 486 2327 1045 289
218 790 477 2279 1031 285
212 765 458 2160 996 277
237 765 533 2636 1136 311
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 RANBAXY RCOM RELCAPITAL RELIANCE RELINFRA RPOWER SBIN SESAGOA SUNPHARMA TATAMOTORS TATAPOWER TATASTEEL UNIONBANK
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260 362 642 381 143 3192 443 3447 1578 1131 981 3013 156 882 349 364 811 2151 159 1374 1520 1247 38297 3507 359 325 637 79 476 864 496 62 306 212 837 349 80 404 232
255 358 631 376 138 3141 433 3421 1550 1117 974 2989 154 850 343 358 801 2032 155 1357 1504 1236 37898 3468 348 320 630 77 469 854 487 61 304 209 828 344 79 399 229
250 351 621 370 132 3113 425 3378 1517 1099 968 2968 152 831 335 351 792 1955 149 1344 1484 1226 37308 3429 339 315 623 75 460 850 476 60 300 205 821 337 78 394 227
245 347 611 366 127 3062 415 3352 1489 1085 960 2945 150 798 329 345 782 1836 145 1327 1468 1215 36909 3390 327 310 615 73 453 840 467 59 298 202 812 332 78 390 224
235 336 590 356 115 2984 397 3283 1429 1052 947 2900 147 747 316 333 762 1640 135 1297 1432 1194 35919 3313 307 299 601 70 436 826 447 57 292 196 796 319 76 380 219
NSE WEEKLY NEWS UPDATE ✍ Infosys Q3 net up 4.9% Q-o-Q at Rs 3,250 crore, beats expectations Five things to watch out for in Infosys' Q3 earnings India's second largest information technology (IT) services company, Infosys, will detail its financial results for October-December 2014 (Q3FY15) around noon today. The Bengalurubased company, which was once considered a bellwether of the Indian IT services sector, has posted a growth that is lower-than-industry average for several quarters now. Experts and analysts believe that the Q3FY15 performance will be a key in assessing if a turnaround has been triggered for Infosys, or if the same will be further delayed.In the quarter ended September 30, 2014, Infosys' net profit had grown 28.6% year-on-year to Rs 3,096 crore, while its revenue rose 2.9% to Rs 13,342 crore. On a quarter-on-quarter basis, the net profit rose 7.3% and the revenue increased 4.5%. In dollar terms, Infosys' net profit increased 6% sequentially while the revenue grew 3.1%, slightly ahead of estimates. Being one of the first large companies to announce its quarterly results, Infosys is also widely considered to set the tone for the upcoming earnings season. Here are the top five things that the Street will watch out for in Infosys' Q3FY14 earnings: 1. Guidance revision : --- Faced with seasonal weakness during October-December and crosscurrency headwinds, most analysts believe that Infosys may lower its revenue growth guidance for FY15. The company had earlier guided for a 7-9% growth in dollar-revenue for FY15. Q3 is a seasonally weak quarter for all Indian IT services companies due to fewer billing days amid festive holidays in key markets, US and Europe. Additionally, with most large Indian IT services companies getting close to 70% of their revenue from the US and around 20% from Europe, any fluctuation in currency leads to a major impact on their performance. During Q3, the euro, pound and Australian dollar depreciated close to 6%, 5% and 7.8%, respectively, against the US dollar. The currency depreciation will affect US dollar revenue, as Indian IT services companies convert the other currency revenues into dollars. 2. Q3FY15 margins: --- After HCL Technologies, India's fourth largest IT services company, issued a pre-earnings alert about the impact of currency movement on its financial performance for Q3FY15, analysts have raised concerns over the performance of all the players in the sector. Even as experts estimate that Infosys will be the least impacted tier-I IT services company, the cross-currency headwinds may hit its operating profit margins by 50-100 basis points. 3. Outlook for 2015: --- With clients in the US and Europe deciding their annual IT budgets during December-February, investors are looking forward to hearing Infosys' management's comments on how they see spending by their clients during 2015. Infosys has been trying to return to high growth for several quarters now and with a new chief executive officer on board now, analysts are hoping that the company would be able to bid for projects more aggressively. 4. Sikka's execution strategy: --- Q3FY15 is the first full quarter of Infosys under the leadership of its new Chief Executive Officer Vishal Sikka. While Sikka has given glimpses of his “new and renew” vision for the company, analysts will watch out for his remarks about
Infosys' turnaround. The Street is likely to watch out for details into the steps Sikka has been taking at Infosys and if they have started showing any results. Most analysts have said they would wait for another six months before passing a judgment on the new leader. 5. Attrition: --- On the backdrop of slower growth and a slew of top-level exits, employee attrition at Infosys has remained close to all-time high over the last three quarters. During JulySeptember 2014, employee attrition at Infosys was at a record high of 20.1%, as against 19.5% during April-June 2014. Analysts are divided in their estimates for attrition at Infosys during Q3FY15, with some believing that the same would have risen further during the three months and others saying that it would have started tapering off amid the several initiatives launched by the company. ✍ Coal India shares gain 3% as workers end strike Shares of Coal India gained nearly three percent on Thursday as coal workers called off their nationwide strike after the government assured trade unions that the state-run CIL will not be privatised and the employees' interests will be protected. CIL's scrip climbed 2.69 per cent to Rs 385 at the BSE. On the NSE, it rose by 2.74 per cent to Rs 385. Coal workers last night called off their nationwide strike after two days as the government assured trade unions that the state-run Coal India Ltd (CIL) will not be privatised and the employees' interests will be protected. In two days, the strike caused an estimated production loss of Rs 300 crore with over 75 per cent of the daily 1.5 million tonnes output taking a hit. The end of the strike has provided relief to the power sector, which was facing the prospect of fuel supplies drying up. The strike was called by the five major coal unions, including the ruling-BJP backed Bharatiya Mazdoor Sangh (BMS), mainly in protest against the recent Coal Mines (Special Provisions) Ordinance that paves the way for opening the sector to competition and denationalization of commercial coal mining. ✍ Apollo buys Nova Hospitals for Rs 145cr Apollo Health and Lifestyle Ltd (AHLL), a subsidiary of the Apollo Hospitals Group, has acquired a chain of speciality surgery hospitals from Bengaluru-based healthcare firm Nova Medical Centers, in a deal valued at about Rs 145 crore. Goldman Sachs and NEA-funded Nova Medical Centers operates 11 day-surgery and short-stay hospitals, with around 350 beds, across India. With the acquisition, Apollo enters new markets such as Mumbai, Jaipur and Kanpur, and its AHLL subsidiary will get an added revenue of about Rs 115 to Rs 125 crore. At present AHLL operates in the primary and secondary healthcare market with around 90 medical facilities in the country, which are a mix of clinics,diagnostic centres, and specialty care hospitals. The group's large format tertiary care hospitals are not part of this subsidiary. ✍ Oil companies repay Rs 40,000cr to banks State-owned oil marketing companies (OMCs) have put in as much as Rs 40,000 crore of liquidity back in the banking system by repaying their high cost debt as the price of crude oil softens in the international market. Confirming the move, Indian Oil Corporation (IOC) chairman B Ashok told ToI, "At IOC alone, we have reduced our debt by over Rs 25,000 crore in the last one year to less than Rs 60,000 crore. With this our interest outgo has came down to
Rs 1953 crore from over Rs 2800 crore a year earlier, thereby adding to our profitability." Similarly, Bharat Petroleum Corporation (BPCL) has reduced its debt by over 31% to Rs 13,383 crore as on September 30, 2014 from Rs 20,000 crore, six months ago. BPCL's short term borrowing reduced significantly from Rs 8184 crores as on March 31, 2014 to Rs 999 as on September 30, 2014. This resulted in interest outgo for BPCL going down to Rs 129 crore from Rs 324 crore a year ago, adding to the profitability. ✍ Sutirtha Bhattacharya takes charge as Coal India CMD Sutirtha Bhattacharya on Monday took charge as Coal India's full-time chairman and managing director, a post which had been lying vacant for over six months, amid the miner facing pressure to ramp up production. Prior to this, Bhattacharya was the CMD of state-owned Singareni Collieries Company. "Sutirtha Bhattacharya assumed the charge of chairman-cummanaging director of Coal India Ltd with effect from January 5, 2015," CIL said in a filing to BSE. ✍ Ashok Leyland shares surge over 9% after strong sales in December Shares of Ashok Leyland on Monday surged to a one year high of over 9 per cent after the company reported 48.04 per cent jump in total sales in December 2014. Ashok Leyland's scrip jumped 9.17 per cent to Rs 58.30 - its 52-week high at the BSE. On the NSE, it gained 9 per cent to hit a one-year peak of Rs 58.25. Hinduja Group flagship company Ashok Leyland on Monday reported 48.04 per cent jump in its total sales at 9,290 units in December 2014. The company had sold 6,275 units during the same month of 2013, Ashok Leyland said in a statement. Sales of medium and heavy commercial vehicle during he month went up by 85.34 per cent to 7,210 units from 3,890 units sold in the year-ago period. Sales of light commercial vehicles in December 2014 dropped by 12.78 per cent to 2,080 units from 2,385 units sold in the same month a year ago. ✍ Bajaj Auto hits two-month low on FII selling Bajaj Auto has dipped 3.5% to Rs 2,365 on the National Stock Exchange (NSE) after foreign institutional investor Europacific Growth Fund sold about three million shares worth of Rs 723 crore of two-wheeler manufacturers through open market.On January 8, 2015, Europacific Growth Fund sold 2.95 million shares representing 1% of total equity of Bajaj Auto at Rs 2,449.97 on the NSE, the bulk deal data shows. ✍ Videocon Industries up 15% on oil discovery in Brazil Shares of Videocon Industries climbed nearly 15 percent intraday Friday on discovery of oil accumulation in Farfan area in the Serqipe basin, offshore Brazil.Petrobras further confirmed that this drilling also presented another new light oil accumulation in a deepest reservoir, with 28 meters thickness and in good permoporosity conditions, it added. ✍ Govt to exempt ONGC, OIL from fuel subsidy payment this fiscal The government is likely to exempt ONGC and Oil India Ltd from payment of fuel subsidy during the rest of the fiscal due to steep decline in global oil rates to around USD 50 per barrel. Upstream producers Oil and Natural Gas Corp (ONGC) and OIL made good nearly half of the
revenue loss or under- recoveries that fuel retailers incurred on selling cooking fuel and diesel until recently at government controlled rates. This subsidy contribution was by way of discount on crude oil they sold to the downstream firms and it was capped at USD 56 per barrel in 2013. But with global oil prices tumbling to its lowest level since April 2009, the continuation of the subsidy-sharing formula would mean that ONGC will not just have to sell crude oil to refiners like Indian Oil Corp (IOC) for free but also pay another USD 6 per barrel from its pocket. In such a scenario, the government is considering exempting ONGC and OIL from payment of subsidy during reminder of the current fiscal, sources privy to the development said. ✍ Sebi seeks feedback on plan to cut IPO process to 12 days Market regulator Sebi is planning to drastically cut the time taken for a company to complete an IPO process — from opening of the issue to listing — to seven days from 12 days now. Tentatively christened e-IPO, the process will use the stock market and banking infrastructure extensively to reduce most of the current paper-based application process, which will also cut costs for IPO-bound companies. On December 29, TOI had reported that the regulator was deliberating to revamp the IPO process through e-IPO. Sebi is also proposing to make it easier for listed entities to raise funds through the rights offer and follow-on public offer (FPO) route. At present companies with a market capitalization of at least Rs 3,000 crore can raise funds through an FPO or rights offer through the stock market channel without even filing an offer document. Sebi is now proposing to allow even companies with market capitalization of more than Rs 250 crore can take the fast track route to raise funds. However, these companies have to comply with certain additional conditions also for fast tracking the fund raising process. Among the conditions are the promoters of those companies should mandatorily subscribe to their rights entitlement, the company's stock should not have been suspended (except for corporate actions) from trading in the previous three years and the annualised delivery-based trading in the stock should be at least 10% of the company's paid up capital. ✍ Mahindra's used vehicle business to grow at 25-30 percent Auto major Mahindra & Mahindra controlled second hand vehicle arm Mahindra First Choice Wheels Ltd is expanding at healthy pace of over 25 percent. "We are expecting a growth of 2530 per cent in sales of second hand cars under Mahindra First Choice in FY 15'. We aim to end with 1.4 lakh vehicles against 1.1 vehicle last year," Mahindra First Choice Wheels Ltd CEO Nagendra Palle told PTI.
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