Equity report by ways2capital 26 aug 2014

Page 1

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TECHNICAL VIEW MOVING AVERAGE 21 DAYS

50 DAYS

100 DAYS

200 DAYS

NIFTY

7770

7684

7363

6810

BANK NIFTY

15304

15265

14596

12878

NIFTY PIVOT REPORT DAILY

R2 8027

R1 7960

PP 7927

S1 7893

S2 7826

WEEKLY

R2 8373

R1 8045

PP 7881

S1 7717

S2 7389

MONTHLY

R2 8938

R1 8186

PP 7810

S1 7434

S2 7162

BANK NIFTY PIVOT REPORT DAILY

R2 16362

R1 15990

PP 15804

S1 15618

S2 15246

WEEKLY

R2 18034

R1 16406

PP 15592

S1 14778

S2 13150

MONTHLY

R2 18847

R1 16609

PP 15490

S1 14371

S2 12133

NSE EQUITY DAILY LEVELS COMPANY

R3

R2

R1

PP

S1

S2

S3

ACC ALBK

EQ 1561 EQ 133

1540 129

1530 127

1520 125

1510 123

1499 121

1479 118

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

EQ EQ EQ EQ EQ EQ EQ EQ EQ

217 622 407 2296 942 300 234 375 508

214 616 405 2281 931 296 230 370 503

212 612 402 2260 918 293 228 367 497

209 606 400 2245 906 289 225 362 493

207 602 397 2224 893 286 223 359 486

202 592 392 2188 868 278 217 351 476

221 632 412 2332 967 308 240 383 518

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COALINDIA DLF 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 EQ EQ

378 204 2961 451 3533 1714 1123 882 2645 193 729 1582 356 583 3705 303 59 1060 1596 1453 24709 2828 446 294 686 128 605 1023 762 89.05 2656 306 893 534 96.60 553 237

368 199 2893 442 3483 1650 1088 861 2595 187 717 1563 350 577 3645 298 55 1044 1569 1418 24508 2789 437 286 663 125 586 1011 745 87.50 2587 299 874 524 95.20 546 228

362 197 2860 437 3462 1622 1066 854 2565 185 710 1551 347 573 3623 296 53 1037 1554 1405 24417 2772 432 283 654 123 579 1005 738 86.75 2555 295 865 517 94.45 541 224

359 195 2826 433 3433 1586 1054 841 2545 181 706 1543 344 570 3585 294 52 1028 1542 1384 24308 2750 429 278 640 122 567 1000 728 85.95 2517 292 855 514 93.80 538 219

353 192 2792 428 3412 1558 1032 833 2515 178 699 1532 340 566 3563 292 50 1021 1528 1370 24216 2733 423 275 632 121 560 993 721 85.25 2486 288 846 507 93.05 534 215

350 190 2759 424 3383 1523 1020 820 2495 175 694 1524 338 563 3525 290 48 1012 1516 1350 24107 2711 420 270 617 119 549 988 710 84.40 2448 285 835 504 92.40 530 210

341 186 2691 415 3333 1459 985 799 2445 169 683 1505 331 556 3465 285 45 995 1489 1315 23906 2672 411 262 594 117 530 976 693 82.85 2379 277 816 494 91 522 201

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NSE WEEKLY NEWS UPDATE 1.

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 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. 2.

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. 3.

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. 4.

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 April­June 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. 5.

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

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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. 6.

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

7.

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 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. 8.

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 9.

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. 10.

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

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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. 11.

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. 12.

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. 13.

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. 14.

Bhushan Steel hits lower circuit for seventh consecutive day

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 vice­ chairman and managing director, Neeraj Singal, in connection with Rs 50­lakh bribery scandal. The stock is currently trading at its lowest level since August 2009. 15.

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 Web: www.ways2capital.com | Mail: info@ways2capital.com | Contact: 1800-3010-2007 (Toll Free)


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. 16.

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. 17.

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. 18.

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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This Document has been prepared by Ways2Capital (A Division of High Brow Market Research Investment Advisory Pvt Ltd). The information, analysis and estimates contained herein are based on Ways2Capital Equity/Commodities Research assessment and have been obtained from sources believed to be reliable. This document is meant for the use of the intended recipient only. This document, at best, represents Ways2Capital Equity/Commodities Research opinion and is meant for general information only. Ways2Capital Equity/Commodities Research, its directors, officers or employees shall not in any way to be responsible for the contents stated herein. Ways2Capital Equity/Commodities Research expressly disclaims any and all liabilities that may arise from information, errors or omissions in this connection. This document is not to be considered as an offer to sell or a solicitation to buy any securities or commodities. All information, levels & recommendations provided above are given on the basis of technical & fundamental research done by the panel of expert of Ways2Capital but we do not accept any liability for errors of opinion. People surfing through the website have right to opt the product services of their own choices. Any investment in commodity market bears risk, company will not be liable for any loss done on these recommendations. These levels do not necessarily indicate future price moment. Company holds the right to alter the information without any further notice. Any browsing through website means acceptance of disclaimer.

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