Equity research report 24 august 2015 ways2capital

TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES ) Nifty futures/Bank Nifty futures market closed on 8287 /18044 . According to technical analysis if Nifty futures and Bank Nifty future moves down-word in tomorrow treading session then 8209 will be small support for Nifty futures and 17890 will be small support for Bank Nifty futures. If it break this level then then Nifty futures can go down to 8073 level and Bank Nifty futures can touch 17464level in next few days. It will be hard support for Nifty futures and Bank Nifty futures. Meanwhile in up trend there is small resistance on 8337for Nifty futures and 18167 is for Bank Nifty futures after breaking this level with volume there is big resistance for Nifty futures on 8483 and 18549 for Bank Nifty futures.

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES ) NIFTY DAILY

R2 8583

R1 8379

PP 8277

S1 8175

S2 7971

WEEKLY

R2 9303

R1 8667

PP 8349

S1 8031

S2 7395

MONTHLY

R2 9660

R1 8810

PP 8385

S1 7960

S2 7110

DAILY

R2 18824

R1 18280

PP 18008

S1 17736

S2 17192

WEEKLY

R2 21531

R1 19363

PP 18279

S1 17195

S2 15027

MONTHLY

R2 22381

R1 19703

PP 18364

S1 17025

S2 14347

BANK NIFTY

MOVING AVERAGE

21 DAYS

50 DAYS

100 DAYS

200 DAYS

NIFTY

8477

8424

8399

8480

BANK NIFTY

18629

18519

18363

18554

PARABOLIC SAR

DAILY

WEEKLY

MONTHLY

NIFTY

8571

8704

9021

BANK NIFTY

18891

19347

20808

NSE EQUITY DAILY LEVELS COMPANY NAME

R3

R2

R1

PP

S1

S2

S3

ACC ALBK

EQ EQ

1506 100

1471 95

1437 90

1426 89

1403 86

1390 84

1368 81

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

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

280 969 566 2810 227 180 269 413 779 372 147 4564 352 3886 1073 1302 1128 2951 97 958 322 353 1003 1273 89 749 1830 1438 48363 4825 273 177 67 367 950 398 47 302 106 1033 368 73 256 230

263 940 552 2687 216 175 262 398 749 364 136 4462 338 3799 1036 1277 1106 2828 93 930 312 345 971 1230 82 729 1800 1396 46560 4740 267 171 64 353 935 381 44 289 102 998 356 71 249 219

246 911 537 2564 205 169 255 382 720 357 126 4360 325 3712 998 1252 1084 2705 88 903 303 336 939 1186 76 709 1770 1354 44757 4655 261 164 62 340 920 365 42 276 98 964 344 69 242 208

238 901 531 2497 201 167 252 376 709 353 120 4306 318 3671 982 12401 1074 2629 87 892 299 333 923 1169 73 698 1755 1337 44108 4611 258 162 61 335 914 358 41 272 96 950 338 68 240 204

229 882 555 2441 194 164 247 367 690 349 116 4259 311 3625 961 1227 1062 2582 84 876 294 328 908 1143 69 689 1740 1312 42954 4570 254 158 60 326 905 348 40 264 94 929 333 67 235 197

221 872 5136 2374 190 162 245 360 679 346 109 4205 304 3584 944 1215 1052 2506 83 865 290 325 891 1125 66 678 1725 1295 42305 4527 252 156 59 321 899 342 39 259 92 916 326 66 233 193

212 853 508 2318 183 158 240 351 660 342 105 4157 298 3538 923 1202 1040 2459 80 849 284 319 876 1100 62 669 1710 1271 41151 4485 248 152 57 312 890 331 37 247 89 894 321 64 227 186

SBIN SSLT( VEDL) SUNPHARMA TATAMOTORS TATAPOWER TATASTEEL UNIONBANK

TOP 15 ACHIEVERS SR.NO

SCRIPT NAME

PREV CLOSE

CMP

CEAT LTD

968.65

1169.65

2

RAMCO INDUS

106.80

127.80

3

GLENMARK PHARMA

1034.30

1226.80

4

JINDAL POLY FILMS

345

407.60

5

JK TYRE

101.85

117.75

6

BANK OF BARODA

176.05

199.65

7

ADANI PORTS

322.20

365.05

8

DIVIS LABS

9

CANARA BANK

292.95

327.70

10

LUPIN LTD

1722.15

1877.80

11

CHENNI PETRO

233.30

253.35

12

SUN PHARAMA

866.15

937.90

13

744.15

804.45

14

AUROBINDO PHARMA ASHOKA LEYLAND

88.10

95.10

15

JSW STEEL

877.55

947.15

2439.90

TOP 15 LOOSERS

% CHANGE SR.NO

1

2179.80

//

SCRIPT NAME

PREV CLOSE

CMP

152

64.35

% CHANGE

+20.75 +19.66 +18.61 +18.14 +15.61 +13.41 +13.30 +11.93 +11.86 +9.04 +8.59 +8.28 +8.10 +7.95 +7.90

1

AMTEK AUTO

2

CENTRAL BANK

102.85

80.70

3

DCM LTD

114.10

93.20

4

VEDANTA

113.85

5

HINDALCO INDUS

95.90

86.00

6

YES BANK

770

692.15

7

EASSER OIL LTD

194.20

174.75

8

RCOM

66.70

60.25

9

JUST DIAL

1007.25

917.05

10

121.10

110.45

11

FUTURE RETAIL LTD HDIL

79.25

72.45

12

CAIRN INDIA

154.95

141.70

13

JINDAL STEEL

77.15

70.85

14

LIYOD ELECTRIC

243.45

224.40

15

REL INFRA

380.55

352.60

94.60

-57.66 -21.54 -18.32 -16.91 -10.32 -10.11 -10.02 -9.67 -8.96 -8.79 -8.58 -8.55 -8.17 -7.83

NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION )

1.

GAIL - GAIL RECOVERD FROM THE LEVEL OF 327 AND MADE HIGH OF 338 . THIS WEEK IF IT CLOSES ABOVE 338 LEVEL THEN 345/348 LEVELS ARE POSSIBLE.

2.

AMBUJACEMENT FUTURE - AMBUJACEMNET OPEN AT 220 AND CLOSE AT 226.20 MADE HIGH 229.85 AND MADE LOW OF 220 OVERALL TODAYS AMBUJACEMNET MOVEMENT WAS IN BULLISH TREND.FROM THE LEVEL OF 229.85 ITS MOVES IN BEARISH MOVEMENT BREAK TREND LINE ON 15 MIN INTRADAY CHART WE CAN MADE SHORT POSTION FOR NEXT WEEK IF IT BREAK ITS TODAYS CLOSE OF 226.20 AND NIFTY MOVEMENT IS IN BEARISH TREND.

3.

ZEEL FUTURE - ZEEL FUTURE OPEN AT 392 AND CLOSE AT 383.65 AND MADE HIGH OF 388.05 AND LOW OF 378.50. TODYS MOVEMNT OF ZEEL FUTURE IS IN BEARISH TREND ON DAILY CHART OF ZEEL FUTURE IT BREAK UPPER TREND LINE IT MAY BE IN DOWN MOVEMENT IF NIFTY MOVEMET IS IN DOWNTREND WE CAN MAKE SHORT POSITION FOR NEXT WEEK IF IT BREAK ITS TODAY LOW OF 378.50 AND NIFTY GIVES ITS MOVEMENT IN BEARISH TREND.

4.

VEDL FUTURE - VEDL FUTURE OPEN AT 96.10 AND CLOSE AT 95.50 MADE LOW OF 93.10 AND HIGH OF 97.05 OVERALL. VEDL TODYS MOVEMENT IS IN BEARISH TREND.DAILY MOVEMENT OF VEDL IS ALSO IN BEARISH TREND. WE CAN MADE SHORT POSTION FOR VEDL IN NEXT WEEK BELOW ITS TODY’S LOW 93.10 AND NIFTY MOVEMENT IS BEARISH TREND.

-7.34

5.

SBIN FUTURE - SBIN FUTURE OPEN AT 264.55 AND CLOSE AT 267.85 MADE LOW 261.65 AND HIGH OF 269.45 TODAYS MOVEMENT OF SBIN FUTURE IS IN BULLISH TREND ALSO ITS DAILY MOVEMNT ON DAILY CHART IS IN BULLISH TREND. WE CAN MADE LONG POSTION ABOVE ITS TODAY’S HIGH OF 269.45 AND BANK NIFTY MOVEMNT IS IN BULLISH TREND.

6.

BHEL - ON DAILY CHARTS IF BHEL BREAKS 248 LEVEL AND SUSTAIN BELOW IT THEN IT CAN TEST 242/238 LEVELS THIS WEEK.

7.

YES BANK - IF YESBANK TRADES BELOW 678 LEVEL AND SUSTAIN BELOW IT THEN IT MAY CORRECE UPTO THE LEVEL OF 670/665.

8.

PNB - PNB CAN COME UPTO THE LEVEL OF 152 IF IT SUSTAIN BELOW 158 LEVEL ON DAILY CHARTS.

9.

POWERGRID - IF OWERGIED CLOSES BELOW 133 ON DAILY CHART THEN BEARS CAN DREG IT TO THE LEVEL OF 129 .

10. DLF - IF DLF CLOSES BELOW 112 AND TREDS BELOW IT THEN IT CAN COME CORRECT UPTO 108.

CURRENCY MARKET EURINR

R2

R1

PP

S1

S2

DAILY

77.45

75.45

74.45

73.40

71.40

WEEKLY

R2 81.40

R1 76.40

PP 73.90

S1 71.45

S2 66.45

MONTHLY

R2 87.80

R1 78.10

PP 73.10

S1 68.25

S2 58.45

JPYINR

R2

R1

PP

S1

S2

DAILY

55.95

54.60

53.90

53.20

51.80

WEEKLY

R2 57.85

R1 55.05

PP 53.65

S1 52.25

S2 49.45

MONTHLY

R2 61.00

R1 55.85

PP 53.25

S1 50.70

S2 45.55

USDINR

R2

R1

PP

S1

S2

DAILY

67.20

66.55

66.25

65.90

65.25

WEEKLY

R2 68.65

R1 66.90

PP 66.05

S1 65.20

S2 63.50

MONTHLY

R2 71.85

R1 67.75

PP 65.65

S1 63.60

S2 59.45

GBPINR

R2

R1

PP

S1

S2

DAILY

106.05

104.50

103.75

102.95

101.45

WEEKLY

R2 108.75

R1 105.20

PP 103.40

S1 101.60

S2 98.05

MONTHLY

R2 116.50

R1 107.15

PP 102.45

S1 97.75

S2 88.35

NSE - WEEKLY NEWS LETTERS TOP NEWS OF THE WEEK ✍ Lupin gets US FDA nod for fenofibrate Tablets - Pharma major Lupin Limited announced today that it has received final approval for its Fenofibrate Tablets 54 mg and 160 mg from the United States Food and Drugs Administration to market a generic version of Teva’s Fenofibrate Tablets, 54 mg and 160 mg. Lupin’s US subsidiary, Lupin Pharmaceuticals Inc. would commence promoting the product shortly in the US Lupin's Fenofibrate Tablets 54 mg and 160 mg is the AB rated generic equivalent of the current reference listed drug, Fenofibrate Tablets 54 mg and 160 mg of Teva. It is indicated as an adjunct to diet to reduce elevated LDL-C, Total-C, TG and Apo B, and to increase HDL-C in adult patients with primary hypercholesterolemia or mixed dyslipidemia and for treatment of adult patients with severe hypertriglyceridemia. Fenofibrate Tablets 54 mg and 160 mg has US sales of USD 156 million. ✍ Sebi meets bourses to iron out FMC merger issues - Commodity exchanges would be given a deadline to comply with all the regulations under the Securities Contract and Stock Exchange Regulations Act, 2012, however commodity participants’s transition to the same is not expected overnight, says Sebi Chairman, U K Sinha in a meeting with officials along with the Sebi panel.The regulations would be finalized in Sebi’s board meeting on August 24.The meeting was held to sort out issues over its merger with the Forward Markets Commission and monitor the merger and officials of commodity exchanges. A time limit of up till 3 years would be granted to commodity exchanges to have separate clearing corporations, which they do not have currently and which is also mandate under the Sebi Act. A net worth of Rs 100 crore will have to be acquired by national commodity exchanges by 2017 along with regional stock exchanges, within three years of the merger. The merger is expected to be effective by September 28 and the event could witness the presence of Finance Minister Arun Jaitley. Sebi would issue circulars on risk management at national and regional commodity derivatives exchanges on the date of merger, as per a Business Standard report. ✍ Walmart Q2 net profit fell to $1.08 per share - Walmart Stores Inc reported weaker-than-expected quarterly earnings. The net profit fell to $1.08 per share in the second quarter ended July 31. The company reportedly said it now plans to open 160 to 170 of its smaller format stores in the full year to January. ✍ Orient Green Power gains on fund raising plan - Shares of Orient Green Power Company Ltd were trading 竅 ｬhigher 1.2% at Rs. 14.05 on BSE today. The company said its board has approved raising Rs. 250 crore by issuing shares on a preferential basis. The existing promoter, SVL Ltd formerly known as Shriram Industrial Holdings Ltd and/or its subsidiaries will subscribe to shares equivalent to Rs. 150 crore. The stock opened at Rs. 14.30 as against the previous close of Rs. 13.88 on BSE. It has hit a high of Rs. 14.45 and a low of Rs. 14 on BSE today. Total traded quantity on the counter stood at over 1.19 lk shares on BSE. ✍ MMTC to Import 10,000 MT of onion - In order to contain rise in prices of onion and ensure its increased availability, the Government of India has decided that MMTC will float a global tender for import of 10,000 MT of onion shortly. ✍ Jet Airways raises bridge rupee loan - Jet Airways has raised bridge rupee loan of about Rs. 1,650 crore, according to reports. Report says that the airline application to raise more

overseas loans is awaiting approval from the Reserve Bank. The airline wanted to raise additional loans of $300 mn for which it appealed to RBI to relax the ECB cap. Jet Airways has raised the rupee bridge loan from Standard Chartered Bank recently. ✍ Amtek Auto stock crashes 33% - Shares of Amtek Auto Ltd crashed by 33% at Rs. 86 on NSE today. The company has been removed from the Future & Options market. NSE said it will exclude the stock from its futures and options segment effective October 30. The stock hit a high of Rs. 126.90 and a low of Rs. 86 on NSE today. ✍ Mahindra Insurance planning to enter rural retail business - Mahindra Insurance Brokers Limited has turn a Rs. 520 crore company during 11 years of its inception by offering insurance solutions to the to the under-penetrated rural market and serving to under-served clients.Started with Rs. 50 lakh equity capital in 2004, this Mahindra Finance subsidiary boasts of catering more than five million customers, offering them with both life and non-life insurance policies. Now, the company aims to reach among the leading 100 global insurance brokers by 2020, the organization is eyeing at its rural retail business and reinsurance business to support to achieve its goal. ✍ Telenor to bid for 3G in next auctions - Norwegian telecom major Telenor is reportedly planning to bid for 3G spectrum in the next round of auctions in India, according to reports.

Report says that the company is actively looking at boosting network capacity by striking spectrum sharing arrangements. " We need spectrum to upgrade technology," Vivek Sood, CEO of Telewings Communications Services said. ✍ Canara Bank drops on profit booking - Canara Bank continues to trade on a negative note on the Bombay Stock Exchange (BSE), on account of profit-taking after surging around 21 percent in the past three trading days. So far during the day, the stock has dropped 2.3 percent from the day's high of Rs. 350 to hit a low of Rs. 342. Now, Canara Bank is down more than a percent at Rs. 345, and has seen trades of around 140,000 shares as against the two-week daily average volume of 580,000 shares. ✍ Govt drops airport privatisation plan for 4 major cities: report - The Government has reportedly dropped the plan for the privatisation of four major airports at Chennai, Kolkata, Jaipur and Ahmedabad. Airports at Chennai and Kolkata will continue to remain under the complete control of the Airports Authority of India, fresh bids for the Jaipur and Ahmedabad airports will be invited from private players, according to a business newspaper. The fresh bids from private players for the Jaipur and Ahmedabad airports would only be for operation and maintenance contracts, the daily quoted a government official as saying. An earlier proposal had envisaged development of these airports on public-private partnership basis. "Rather than going through the PPP route, operations and maintenance will be given to specialised operators and a revised RFQ will have to be issued," an AAI official has been quoted as saying. The UPA government had initiated the PPP process for modernising six airports at Kolkata, Chennai, Jaipur, Guwahati, Ahmedabad and Lucknow. However, the NDA government scrapped the process and invited fresh bids for only four of these airports. ✍ HCL Infosystems tumbles on Q4 loss - HCL Infosystems has stated the day on a negative note, with a loss of 3 percent at Rs. 45.10 on incurring consolidated net loss of Rs. 41.45 crore

in Q1FY16, as against loss of Rs. 72.37 crore in a year ago period. Total income also declined 4.2 percent to Rs. 1,686 crore from Rs. 1,760 crore. The stocks so far has plunged 8.2 percent to a low at Rs. 42.70 and is now down 4 percent at Rs. 44.65. The BSE counter has seen trades of around 279,000 shares, as against two-week daily average volume of 1.1 million shares. ✍ Den Networks jumps on higher FII investment cap - Den Networks has soared 7.2 percent to hit a high at Rs. 137 on the BSE in early morning deals, on the back of positive news flow. According to a release issued to the BSE, Den Networks yesterday announced that Foreign Investment Promotion Board has approved hike in foreign investment limit in the company from 49 percent to 74 percent of the paid up share capital. The stock has now pared most of its earlier gains but still is up 1.3 percent at Rs. 130. The BSE counter has registered trades of around 8,578 shares, as against two-week daily average volume of 73,000 shares. ✍ JSW Steel to invest Rs. 5,000 crore - JSW Steel is reportedly planning to invest about Rs. 5,000 crore on various capital expenditure projects by the end of March 2016. "The company is expected to invest approximately Rs. 5,000 crore during FY16 on various capital expenditure programmes," chairman and managing director Sajjan Jindal said. The company is also closing down non-operational subsidiaries in the UK and Kenya, JSW Steel said. Currently, the company has a capacity of 14.3 million tonnes across two integrated steel plants in Maharashtra and Karnataka. The company also plans to add 4 MT to increase its capacity to 18.6 MT by the end of FY16. At the AGM last month, the firm's shareholders approved raising up to Rs 4,000 crore through QIP and Rs 10,000 crore by selling non-convertible debentures. Jindal also informed the shareholders that "the company is also in the process of closing the non-operational foreign sub sidiaries i.e. JSW Steel Service Centre Ltd, Argent Independent Holdings Ltd and JSW Steel East Africa Ltd."

Top Economy news Inviting investors from UAE, Prime Minister said India has an immediate investment opportunity of US$1tr and the government will take urgent steps to address concerns of the businessmen from this country and erase “deficit of 34 years”.

India's fuel consumption rose an annual 5.52% in July, driven by higher petrol sales which reflected a surge in passenger vehicles sales, government data showed. Fuel consumption, a proxy for oil demand, totalled 14.03 mn tonne last month, according to Petroleum Planning and Analysis Cell data.

Monsoon rainfall deficit has widened to 10% as a strengthening El Nino weather pattern trimmed rainfall, the weather department said, raising fears of the first drought in six years.

India will clear US$6.5bn of dues it owes to Iran for oil import in tranches, with the first installment going out as early as in a week, Finance Secretary said.

The Finance Ministry in its second set of FAQs on the black money compliance window is likely to clarify on the period for which foreign bank account details have to be provided after concerns were expressed in some quarters over the availability of records beyond a few years.

The government is considering allowing foreign direct investment in rubber and coffee

plantation sectors with an aim to attract more FDI into the country. Currently, 100% foreign investment is permitted through the government approval route in the tea plantation sector.

However, FDI is not allowed in any other plantation sector or activity.

The Commerce Ministry is considering interest subsidy sops to the leather industry as part of its measures to arrest continuous fall in exports.

The government has scrapped the process of appointing bankers to manage stake sales in five state-owned companies owing to poor response. SBI Capital Markets, ICICI Securities and Yes Bank were the only three that expressed interest in managing sale of the group of five companies in the 'Basket One'.

To attract talent, the government think-tank NITI Aayog has proposed paying over 30% more than the pay scale offered by the erstwhile Planning Commission to young professionals on its payrolls.

Power industry players and experts believe that the Prime Minister’s target of providing electricity to 18,500 villages mainly from the remotest areas in 1,000 days is achievable but emphasized the need for complete overhaul of project scheme, adequate capacity of transformers and related equipment and state's preparedness to ensure uninterrupted power supply.

To safeguard the interest of domestic workers, the NDA government is readying a national policy incorporating minimum salary of Rs9000 per month, besides a host of benefits, including social security cover and provisions against sexual harassment and bonded labour.

The 'National Policy for Domestic Workers' is likely to be presented before the Union Cabinet soon.

Concerned over frequent call drops, the Department of Telecom has asked mobile operators to report on weekly basis the steps taken to check this menace and wants them to improve service immediately in the worst affected areas.

Natural gas prices in India may, from October 1, fall below US$4.2 per unit, a rate that was used last year to devise a new pricing formula to incentivize domestic exploration.

Rating agency Moody's Investors Service scaled down its projections for India's economic growth for 2015-16 to 7% from an earlier estimate of 7.5% on deficient monsoon.

In a major pre-poll sop for Bihar, Prime Minister announced package of a whopping Rs1.25tr in addition to the ongoing development projects worth Rs406bn, announced previously.

The 12 mineral producing states will put 82 mining blocks containing minerals such as iron ore, bauxite, limestone under the hammer by October-November this year.

The government plans to spend US$1.5bn in the next three years to help farmers grow oil palm trees in Maharashtra and Karnataka.

India’s domestic air traffic rose 29.3% in July compared to the previous year – one of the highest levels of growth witnessed in the last several months.

The State Government will soon come up with a new policy that will make it mandatory for private builders to transfer a certain housing stock to Maharashtra Housing and Area Development Authority

The Reserve Bank of India has granted in-principle licence for payments banks to 11 applicants. These companies selected will be given "in-principle" approval for 18 months, after which they will be given licences if they fulfill all conditions stipulated by the RBI. The government has scrapped the privatisation of four major airports - those at Chennai, Kolkata, Jaipur and Ahmedabad.

The Government is aiming to prepare the first draft of the new education policy by December this year, Human Resource Development Minister said.

Hiring activity registered a 11% jump in July mainly driven by sectors like IT, banking and pharma, while other sectors are likely to pick up momentum in the coming months.

The Finance Ministry has imposed definitive anti-dumping duty on ‘flax’ fabric imports of US$0.75 and US$0.63 a metre from China and Hong Kong, respectively.

In the midst of debate on the impact of slowdown in the Chinese economy on rest of the world, India's engineering exports have started witnessing a biting effect with huge drop of 36% in export of non-ferrous metals to China in June, 2015, an analysis by the EEPC India has shown.

India's urea import has increased by 29% to 2.1 mn tones in the first four months of the current financial year.

Nudged by the Prime Minister's Office, the telecom department has sought the health ministry's immediate intervention to enable mobile carriers to install cell towers in hospitals across India.

This follows reports of rising instances of call drops at healthcare centres.

A proposal to strengthen educational ties between India and Australia which would facilitate credit transfers and recognition of qualifications between institutes in the two countries was cleared by the Government.

The rupee fell to as low as 65.50 to the dollar, its lowest since September 2013, tracking losses in Asian currencies after a slump in Chinese equities reinforced concerns about the world's second-largest economy.

Top Corporate News Cairn India Ltd has sought government approval for proposed swap deal to skirt an oil export ban, by selling its high-way Rajasthan crude oil to foreign firms at higher rates and in return supplying an equivalent quantity of oil.

Pantaloons plans to invest Rs1.25bn during FY16 as it plans to add up to 35 stores across the country.

Coal India had been directed to sign supply pacts with power plants for total generation capacity of 78,535 MW to ensure fuel availability. Coal India is yet to enter into fuel supply pacts with power plants for 2,560 MW generation capacity. The supply pacts could not be signed due to various reasons such as clarification of tapering linkages, approval for change of name of the company, refusal of company to sign cost plus agreement and clarification on block allocation.

DLF will invest about Rs. 9 bn over the next three years on construction of its new commercial project in Gurgaon covering about 2.2 million sq ft of office space. The project will be developed on a 14-acre land.

After getting a reprieve from the Bombay High Court on Maggi ban, Nestle India has said it is confident of defending the Rs6.4bn class action suit filed by the government against it before NCDRC. Mahindra & Mahindra will launch its new compact SUV named TUV300 on September 10 at Chakan plant in Maharashtra.

Axis Bank has said a fifth of its point of sales machines will be near-field communication enabled by the end of this year, which will help users pay at shops without going through the tedious process of swiping and entering a PIN. MOIL has got green clearance for opening a new mine in Nagpur, Maharashtra. Company had applied for mining lease over 53.75 hectare land in Parsoda village, Tehsil Ramtek, Dist.

Nagpur for opening a new mine.

BSNL lost about 2 crore subscribers in the last financial year as the telco could not match aggressive marketing by private operators besides persisting issues related to coverage and quality of its services.

Foxconn, the world’s largest contract electronics manufacturer, plans to build an e-commerce platform in India. It will also set up a local data centre to tap growth in the country, one of the “key global” markets.

Telecom operator Airtel said it witnessed strong demand for fourth generation internet devices such as dongles and Wi-Fi hotspot after its announcements earlier this month of offering high-speed internet service at 3G rates.

L&T Finance Holdings plans to sell a 3.5-4% stake to private equity investors and raise Rs. 1,000 crore to fund growth in the next two years.

The Tata Group, one of the oldest and largest conglomerates in the country, plans to appoint chief digital officers at all its consumer-facing companies to help them use new technologies in all aspects of business.

Jet Airways is evaluating the option of extending the lease of its seven planes with its equity-partner Etihad Airways. If the lease is extended, this could result in Jet Airways pushing back its plans to expand its services in the United States.

Future Group has signed a joint venture agreement with Swiss personal care products maker Mibelle AG to develop and sell a range of consumer products exclusively for India.

Prestige Estate projects Ltd has suffered a major setback with the state government rejecting its ownership claims over a 3.23-acre plot in the technology hub of Whitefield, where it is building its White Meadows project. The value of the plot is estimated at Rs1.4bn. It has already spent about Rs1.25bn on the construction.

Rajesh Exports has bagged an export order worth Rs11.7bn from an UAE-based company for gold and diamond-studded jewellery and medallions.

Sharon Bio-Medicine said the US health regulator has inspected one of its formulation plants in Dehradun.

Vedanta’s iron ore division in Goa is expected to resume exports to China after a lull of three years.

Dish TV launched its push video-on-demand service for movie viewing at home. The DishFlix Box, priced at Rs5990, must be connected to Dish TV’s set top box for consumers to be able to watch movies.

Hinduja Foundries Ltd has decided to close its Ductron Castings unit located near Hyderabad. The forging company has been asked by Telangana to surrender the land allotted to it for a Greenfield project in Medak district.

Bosch Ltd has commissioned a 12 MW solar power project for Cochin International Airport.

Kinetic Group has tied up with Italian firm MV Agusta to launch the latter's superbikes in India, estimated to be priced between Rs1.2mn to Rs3.3mn, to mark its comeback in two-wheeler segment.

State Bank of India launched a mobile wallet app, SBI Buddy, in collaboration with Accenture and Mastercard. It will facilitate basic banking functions over the mobile phone in 13 different languages.

ICICI Bank launched the first of its kind fully automated digital locker. Named ‘Smart Vault’, the locker is equipped with multi-layer security system, including biometric and PIN authentication and debit cards, among others.

Indian Oil Corporation is set to exceed its capital expenditure target of Rs562bn for the 12th Five-Year Plan. The company has already spent Rs403bn to ramp up capacity with still two years to go for the plan to be over.

Glenmark Pharmaceuticals has received final approval from the US health regulator to sell oral contraceptive - drospirenone and ethinyl estradiol tablets in the US market.

Mangalore Refinery and Petrochemicals Ltd will shut at last 46% of its crude processing capacity for about a month from mid-September for planned maintenance.

Orient Green Power Company Ltd said its Board has approved raising Rs2.5bn by issuing shares on a preferential basis.

JSW Steel expects to invest about Rs50bn on various capital expenditure projects in this fiscal ending March 2016, its CMD has said.

Indian Oil Corporation is set to exceed its capital expenditure target of Rs562bn for the 12th Five-Year Plan. The company has already spent Rs403bn to ramp up capacity with still two years to go for the plan to be over.

Mangalore Refinery and Petrochemicals Ltd will shut at least 46% of its crude processing capacity for about a month from mid-September for planned maintenance.

Lupin has received approval from USFDA for Fenofibrate 54 and 160 mg tablets, the generic version of Tricor.

Andhra Bank plans to raise Rs30bn through various instruments including Qualified Institutional Placements as part of meeting its capital requirement.

Corporation Bank cut base rate or minimum lending rate by 0.10%, a move which will lead to lower EMIs for its customers.

The Telecom Disputes Settlement and Appellate Tribunal has asked Hathway Cable and Datacom to pay â‚š145.6mn towards subscription fee dues to MSM Media Distribution.

Dr Reddy's Laboratories has initiated voluntary recall of Rivastigmine Tartrate Capsules of 1.5 mg strength from the USA market, following 'Failed Dissolution Specifications'.

Reliance Industries Ltd said it has raised $225mn through overseas bond issue due in 2026, guaranteed by the Export-Import Bank of the United States.

Steel Authority of India has informed the union government that the public sector company found it financially unviable to set up an integrated steel project in Telangana as proposed by the government in the state bifurcation Act. Aurobindo Pharma said it has received approval from the US health regulator to market generic version of Prilosec delayed-release capsules, used to treat ulcer, in the American market.

PVR Ltd has acquired 70% stake in Zea Maize Pvt Ltd, which owns the Delhi-based startup 4700BC Popcorn, for Rs 50mn.

As the fare war in the Indian skies escalates, SpiceJet is now offering 100k seats on sale with fares starting as low as Rs799 for travel from August 25 to March 26 next year.

This Document has been prepared by Ways2Capital (A Division of High Brow Market Research Investment Advisor 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.