Equity report by ways2capital 18 aug 2014

Page 1

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TECHNICAL VIEW MOVING AVERAGE 21 DAYS

50 DAYS

100 DAYS

200 DAYS

NIFTY

7720

7655

7297

6770

BANK NIFTY

15256

15252

14438

12774

NIFTY PIVOT REPORT DAILY

R2 7979

R1 7915

PP 7787

S1 7724

S2 7596

WEEKLY

R2 8343

R1 7941

PP 7740

S1 7540

S2 7138

MONTHLY

R2 8476

R1 7974

PP 7723

S1 7472

S2 6970

BANK NIFTY PIVOT REPORT DAILY

R2 15793

R1 15324

PP 15089

S1 14854

S2 14384

WEEKLY

R2 16084

R1 15396

PP 15052

S1 14708

S2 14020

MONTHLY

R2 17316

R1 15816

PP 15066

S1 14316

S2 12816

NSE EQUITY DAILY LEVELS COMPANY

R3

R2

R1

PP

S1

S2

S3

ACC ALBK

EQ 1439 EQ 127

1506 122

1493 120

1473 117

1460 115

1440 112

1407 107

AMBUJACEM ASIAN PAINT AXISBANK BAJAJ-AUTO BANKBRODA BANKINDIA BHEL BHARTIARTL CIPLA COALINDIA DLF

EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ

217 635 384 2192 878 283 220 396 464 360 200

214 630 381 2163 888 278 216 388 456 358 198

209 625 373 2136 876 270 211 379 444 355 194

206 619 372 2107 866 266.40 207 371 436 352 192

201 614 367 2080 855 258 201 362 425 349 188

194 603 359 2024 834 246 191 344 405 343 181

225 646 392 2248 919 295 230 413 483 366 207

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DRREDDY GAIL GRASIM HCLTECH HDFC HDFCBANK HEROMOTOCO HINDALCO HINDUNILVR ICICIBANK ITC INDUSIND BANK INFY JINDALSTEL JPASSOCIAT KOTAKBANK LT M&M MRF MARUTI ONGC ORIENTBANK RANBAXY RCOM RELCAPITAL RELIANCE RELINFRA RPOWER SBIN SESAGOA 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

2798 457 3452 1655 1208 860 2698 194 749 1538 371 570 3691 309 57.75 989 1540 1359 23784 2764 439 276 636 126 609 1026 755 88.20 2432 311 835 505 95.70 579 207

2775 439 3379 166 1168 842 2611 186 733 1507 364 558 3650 296 55.75 971 1509 1346 23574 2716 422 267 616 123 582 1013 732 86.15 2398 299 823 493 92.80 558 199

2765 432 3352 1596 1147 834 2561 182 723 1493 360 553 3631 290 54.95 962 1496 1334 23469 2691 416 263 609 122 572 1008 723 85.40 2380 294 819 489 91.70 550 195

2753 421 33026 1545 1129 823 2524 179 716 1475 357 545 3608 282 53.75 953 1477 1322 23364 2668 404 258 597 120 555 999 709 84.10 2365 286 812 481 89.90 537 191

2742 414 3276 1514 1106 816 2474 175 707 1462 353 540 3590 276 52.95 944 1464 1310 23259 2643 398 254 590 119 545 994 700 83.35 2347 281 807 476 88.80 529 187

2730 402 3233 1490 1089 805 2437 171 700 1444 351 532 3567 268 51.75 936 1445 1299 23154 2620 387 249 577 117 528 989 686 82.05 2331 274 800 469 87.00 516 182

2707 384 3160 1435 1049 787 2350 163 683 1413 344 519 3526 254 49.75 918 1413 1276 22944 2572 369 240 558 115 502 973 663 80.10 2298 261 788 456 84.10 495 174

NSE WEEKLY NEWS UPDATE GMR posts Rs 593 crore consolidated loss GMR Infrastructure on Thursday posted a Rs 593­crore loss on a consolidated basis for the quarter ended June 30 as against a net loss of Rs 326 crore in the same period last year, due to

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higher interest cost, depreciation and scrapping of user development fee by AERA at Hyderabad airport. In a filing to the stock exchange, the company said its total income (including other income) during the period rose to Rs 2,796 crore from Rs 2,689 crore a year ago. Tata Steel Q1 profit drops 70% to Rs 337 crore Tata Steel reported a worse­than­expected 70% drop in its first quarterly consolidated profit, Hurt by exceptional charges due to write­down of certain investments. The steel producer posted a profit of Rs 337 crore in the April­June quarter of fiscal 2015 compared to Rs 1,139 crore in the corresponding period last fiscal. Adani buys Lanco plant in Rs 6,000 crore deal Adani Power will buy Lanco Infratech's 1,200­MW imported coal­fired power plant at Udupi in Karnataka in a deal valued at more than Rs 6,000 crore, marking the biggest acquisition in India's thermal power industry. SAIL’s Q1 net up 18% on higher demand Steel major Steel Authority of India (SAIL) reported an 18% growth in the first quarter net profit, led by higher sales and better realization. The state­run company said profit in the April­ June 2014­15 quarter stood at Rs 530 crore against Rs 451 crore in the corresponding period of 2014­15. "We are witnessing a pick­up in demand and we expect that new projects as well as those held­up earlier will lead to higher sales," SAIL chairman C S Verma said. Repco Home Finance's net profit rose 11% to Rs 24.81 crore Repco Home Finance's post DTL (deferred tax liability) net profit during the first quarter ending June 30 2014 rose 11% to Rs 24.81 crore as against 22.31 crore during the same period in the previous year. The income from operations for the quarter ended June 2014 rose 32% to Rs 156.03 crores as compared to Rs 118.65 crores during the same period of the previous year. During the quarter ended June 2014, loans loans sanctioned rose 35% to Rs 481.14 crores as against Rs 357.50 crore sanctioned during the previous year. The loan book of the company as on June 30 2014 rose 31% to Rs 4,892.33 crore as against Rs 3,746.71 crores as at the end of June 2013. The gross NPA (non performing asset) stood at Rs 121.76 crores as against Rs 83.35 crore during the same period in the previous year. Corporation Bank's net, operating profit dip in first quarter of 2014­15 City based Corporation Bank's first quarter net profit for 2014­15 at Rs 231.47 crore has seen a decline of 38.76%. The net profit for the corresponding period of last fiscal was Rs 377.98 crore. The operating profit for first quarter this fiscal too slipped by 29.89% to touch Rs 697.55 crore as against Rs 995 crore in the corresponding period of the last fiscal

Godrej Industries Q1 net up by 46% at about Rs 78 crore Godrej Industries posted 45.91 per cent growth in consolidated net profit at Rs 77.70 crore for the first quarter ended June 30, 2014­15. It had reported net profit of Rs 53.25 crore in the

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April­ June period of the 2013­14 fiscal, Godrej Industries said in a BSE filing. Net sales of the company stood at Rs 2,290.88 crore in Q1, 2014­15, up 23.67 per cent as compared to Rs 1,852.4 crore in the same period last fiscal. Adani Enterprises reports Q1 profit after tax of Rs 557 crore Adani Enterprises, the flagship company of the Adani Group, reported a profit after tax of Rs 557 crore for the first quarter ended June 30, 2014 on the back of a 43 per cent jump in revenue. The company had posted a loss of Rs 278 crore in the corresponding quarter of the previous financial year, Adani Enterprises said in a statement Tata Steel shuts Odisha plant due to raw material crunch Tata Steel Ltd has shut down one of its ferro alloys plants in Odisha due to a raw material shortage linked to the suspension of a mining license. Tata Steel sourced ore for the 50,000 tonne­per­year Bamnipal plant from its captive chromite mine in Sukinda, operations of which were suspended in May. The plant was run with available inventory before being shut on August 4. Jet Airways reports $35 million loss in first quarter Jet Airways Ltd, India's No. 2 airline by market share, said on Monday it lost Rs 2.18 billion ($35.6 million) during the three months to end­June, less than a year earlier after its revenues rose and financing costs fell. The airline, 24% owned by Abu Dhabi's Etihad Airways, has now reported six straight quarters of losses, as it grapples with high costs, low fares and fierce competition in its home market. IOC posts over Rs 2.5k cr Q1 net profit on subsidy Flagship refiner­marketer IndianOil Corporation on Tuesday reported a net profit of Rs 2,523 crore in the June quarter on the back of government subsidy, discounts from public sector oil producers and foreign exchange gains. In the same quarter last year, the company had reported a loss of Rs 3,093 crore as the government failed to pay the cash subsidy on diesel, cooking gas and kerosene in time. Gulf Oil's Q1 net at Rs 8 crore Hinduja group company Gulf Oil Corporation Limited reported a dip in the net profit for the first quarter of FY15 at Rs 8 crore as compared to Rs 9.5 crore reported in the first quarter of FY14. This was on an income of Rs 23.7 crore in the quarter ended June 30, 2014, as against Rs 227 crore in the year ago period. Hindalco Q1 net drops 31% to Rs 327 cr Aluminium manufacturing company Hindalco reported a 31% drop in net profit at Rs 327 crore for the quarter ended June 2014. It was Rs 474 crore in the same period a year ago. However, the net sales increased 37% to Rs 7,996 crore as against Rs 5,766 crore in June 2013.At 1410 hours, Hindalco's stocks were trading 0.8% lower at Rs 178.50 apiece. Bhushan Steel hits lower circuit for seventh consecutive day

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Bhushan Steel has hit the lower circuit of seventh straight day, down 5% at Rs 161 on National Stock Exchange (NSE), as the lenders begin invoking pledge shares. A combined 147,393 shares changed hands and there are pending sell orders for 3.04 million shares on NSE and BSE. Since August 5, the stock has plunged 58% from Rs 381, after the Central Bureau of Investigation (CBI) arrested the company’s vice­chairman and managing director, Neeraj Singal, in connection with Rs 50­lakh bribery scandal. The stock is currently trading at its lowest level since August 2009. Wonderla Holidays hits new high on strong Q1 results Wonderla Holidays has soared 8% to Rs 283, extending its over 15% rally in past four days on BSE, after reporting 56% year­on­year (yoy) growth in standalone net profit at Rs 25 crore for the first quarter ended June 30, 2014 (Q1), on back of healthy operational revenues. The company operates amusement parks had profit of Rs 16 crore in the same quarter last fiscal. The operational revenues grew 23% to Rs 64 crore against Rs 52 crore in the corresponding quarter of previous year.Wonderla Resort has achieved 52% occupancy during the quarter against 31% occupancy over corresponding period last year, and also profitable for the first time, the company said in a statement. Unitech's profit plummets on losses in telecom business Real estate firm Unitech has posted a 91 per cent decline in consolidated net profit to Rs 5.6 crore in the June quarter, on account of losses of about Rs 1,000 crore in its erstwhile telecom business. The net profit in the year­ago period was Rs 62.9 crore, Unitech said in a statement.The total income from operations grew two­fold to Rs 1,522.1 crore in the April­June quarter against Rs 572.6 crore in corresponding quarter last year. ONGC net up, misses estimate on higher subsidy discounts Oil & Natural Gas Corporation (ONGC), the country’s state­owned petroleum explorer and producer, reported a 19 per cent jump in net profit for the quarter ended June. However, it missed analyst estimates of earnings, due to higher discounts for oil marketing companies (OMCs). The company recorded a net profit of Rs 4,782 crore during the three­month period, as against Rs 4,016 crore in the corresponding quarter last year (2013­14). This was lower than the Rs 5,850 crore median estimate of 29 analysts surveyed by Bloomberg. Divi’s Lab shares down over 4% post earnings Shares of drug firm Divi’s Laboratories today fell over 4 per cent in early trade after the company’s first quarter results failed to meet market expectations. Divi’s Lab shares fell by 4.18 per cent to Rs. 1,449 on the BSE.On the NSE, the company’s stock was down 4.11 per cent to Rs. 1,448.20.Divi’s Laboratories had yesterday reported a standalone net profit of Rs. 167.93 crore for the first quarter ended June 30.The company had posted a net profit of Rs. 174.71 crore during the same period in the previous fiscal.

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