PI Industries: Custom synthesis exports deliver growth of ~26% in Q1FY16; Buy
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Report Details –
1. Indices Watch
2. Corporate News
3. Corporate Results & Action
4. Technical Mirror
5. Commodity Mirror
6. Momentum Calls Status
September 10 , 2014
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Corporate News Coal block allocation case: Supreme Court reserves order in coal block allocation case. Steel, power producers seek appointment of judicial committee. Appointment of judicial panel sought for fact findings. Supreme Court has not given any date to pass the order. Lanco Infratech-Plans to sell additional 3,000 MW assets. Asset sale to raise Rs 5,000 crore in cash, reduce additional debt of Rs 15,000 crore. Biocon-Arm Biocon Research in agreement with GE Equity International Mauritius. Arm to buy GE Capital's investment in Syngene International for Rs 215.4 crore. GE Capital had a 7.69 percent stake in Syngene. IRB Infrastructure AGM-Committed Rs 2,850 crore as equity investment in projects under implementation. Been declared qualified to bid for Rs 5,319 crore BOT project with NHAI. Already qualified to bid for road projects worth Rs 33,000 crore. No plans to buy any stressed assets right now. Government hopeful of divesting stake in SAIL this month. New retail participation norms for offer for sale (OFS) to apply for SAIL divestment. Government could reserve upto 20 percent bucket for retail investor in SAIL OFS. Government to communicate OFS announcement 2 days prior to issue. Extra 1-day window for announcement to enhance retail participation. Cabinet committee on Economic Affairs (CCEA) nod awaited for ONGC, Coal India, NHPC stake sale, Coal India, ONGC road-shows likely a month after CCEA nod. NSE F&O changes-5 scrips to be added to NSE F&O w.e.f today. Eicher Motors , Motherson Sumi, Mindtree, SKS Microfinance and TVS Motor. Diesel price may be cut; petrol by Re 1/litre. Possibility of reduction in retail prices if brent crude continues to stay below USD 100/barrel. Government may cancel SEZs of Hindalco, Essar, Adani. Sasken Communications receives arbitration award of USD 21.5 million from Spreadtrum Comm. Vedanta Resources chairman Anil Agarwal-company a big contender for government's residual stake in Hindustan Zinc. Godrej Industries-Bombay HC sanctions merger of Wadala Commodities with company.
Corporate Actions
Ex-dividend :
Securities in Ban for Trade today is: HDIL, IBREALEST, JPASSOCIAT.
Source: NW18, BSE, NSE, SEBI, BLOOMBERG, Accord Fintech & Jainam Research. * figures tend to change as market is opened Equity Close Chg %chg Indian Indices SENSEX 27,265.32 -54.53 -0.20 NIFTY 8,152.95 -20.95 -0.26 BSE MCAP 9,843.37 49.7 0.51 BSE SMCAP 10,885.98 34.15 0.31 BSE BANKEX 18,511.09 -39.2 -0.21 BSE METAL 12,703.61 12.73 0.10 BSE IT 10,444.86 -86.67 -0.82 BSE FMCG 7,526.01 64.26 0.86 BSE OIL & GAS 11,604.42 -56.76 -0.49 BSE AUTO 17,771.94 60.13 0.34 World Indices Dow Jones 17,013.87 -97.55 0.57 Nasdaq 4,552.28 -40.01 -0.88 Dow Futures* 16,820.00 -22.00 -0.13 Nikkie* 15,693.33 -55.82 -0.36 Hangseng* 24,828.76 -361.69 -1.46 Net Flows (Rs.Cr.) FII (cash) 479.4 DII (cash) -752.09 FII Index Futures -267.63 FII Index Options -178.06 FII Stock Futures -149.83 FII Stock Options -36.95 Indian ADRs DR REDDY 48.91 -0.64 -1.29 HDFC BANK 50.24 -0.08 -0.16 ICICI BANK 53.56 -0.78 -1.44 INFOSYS 60.29 -1.46 -2.36 MTNL 0.99 -0.05 -4.63 STERLITE 6.22 0 0 TATA MOTORS 47.17 -0.69 -1.44 WIPRO 12.15 -0.12 -0.98 Currency USD/INR 60.60 Put Call Ratio
Index Options 1.15 Stock Options 0.45 India VIX 12.76 -0.04 -0.27 ABAN Rs.3.60/share
DIL Rs.2.50/share HAWKINCOOK Rs.60.00/share
KOTHARIPRO Rs.6.00/share MMTC Rs.0.15/share
PFC Rs.0.20/share RELAXO Rs.0.50/share
MUTHOOTFIN Rs.1.00/share
MARKET MIRROR
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