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Showing posts with label Nifty Tips. Show all posts
Showing posts with label Nifty Tips. Show all posts

Monday 30 April 2018

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CAPITALSTARS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS -30APR 2018

CAPITALSTARS


CS OPENING BELL:
NIFTY SPOT UP 55 @ 10750
SENSEX UP 206 @ 35177
BANK NIFTY FUTURES UP 143 @ 25588
HAPPY TRADING!!!!!!!!!!!


CS NIFTY FUTURES (MAY ) OVERVIEW

TREND BEARISH
RES2: 10860
RES 1:10805
SUP1:10700
SUP2:10650



CS BANK NIFTY FUTURES (MAY ) OVERVIEW

TREND BEARISH
RES 2: 25750
RES 1: 25650
SUP1: 25350
SUP2: 24250

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call on:9977499927

O731-6690000


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* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.



CapitalStars Investment Adviser: SEBI Registration Number: INA000001647



Tuesday 24 April 2018

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CAPITALSTARS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS -24 APR 2018

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CS NIFTY FUTURES (MAR ) OVERVIEW

TREND BEARISH
RES2: 10700
RES 1:10650
SUP1:10550
SUP2:10500


CS BANK NIFTY FUTURES (MAR ) OVERVIEW

TREND BEARISH
RES 2: 25260
RES 1: 25160
SUP1: 24800
SUP2: 24700

 9977499927

O731-6690000


Get more details here:-


* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.



* CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Tuesday 17 April 2018

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CAPITALSTARS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS -17 APR 2018


capital stars
CS NIFTY FUTURES (MAR ) OVERVIEW

TREND BEARISH
RES2: 10650
RES 1:10600
SUP1:10450
SUP2:10400


CS BANK NIFTY FUTURES (MAR ) OVERVIEW

TREND BEARISH
RES 2: 25550
RES 1: 25450
SUP1: 25250
SUP2: 25150


Get more details here:-


* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.



* CapitalStars Investment Adviser: SEBI Registration Number: INA000001647



Thursday 25 January 2018

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Capitalstars Updates: Top Corporate News :- 25 Jan 2018



Top Headlines Of The Day:- 25 Jan 2018

Capitalstars Updates:  Top Corporate News

Dr. Reddy's slumps 3% on unimpressive Oct-Dec earnings
Biocon slumps as Oct-Dec consol PAT below estimate
NCC’s Board to meet on January 30 to approve QIP issue price
Glenmark reports encouraging clinical trial data on GBR 1302
Dr. Reddy’s Bachupally plant completes successful re-inspection by German regulator


Dr. Reddy's slumps 3% on unimpressive Oct-Dec earnings
Shares of Dr. Reddy's Laboratories slumped nearly 3% as investors were unimpressed by the company's earnings for the December quarter.
The drug maker reported a consolidated net profit of Rs290cr, sharply below analysts' estimate of Rs350cr. Continued rise in pricing pressure and lack of new product launches in the US during the quarter weighed on the company's operating margin, which contracted 250bps on year to 21.2%.

Biocon slumps as Oct-Dec consol PAT below estimate
Shares of Biocon slumped over 4% after the company reported a 46.4% on-year fall in consolidated net profit for the December quarter at Rs91.9cr, below analysts' estimate.
Revenue from operations for the quarter was at Rs1058cr, against Rs1044cr a year ago. Sales in Oct-Dec were in line with estimates.

NCC’s Board to meet on January 30 to approve QIP issue price
NCC stock is up 3.3% on the back of news that the Board of Directors of NCC will meet on January 30, 2018, to consider and approve the issue price, including a discount for the equity shares to be allotted to the qualified institutional buyers in the issue.
NCC Ltd is one of the largest Indian construction companies in terms of revenue. The company’s order book was worth Rs28,109cr as of October 2017. The revenues of the company were impacted by GST implementation. We expect the company to report revenue CAGR of 3% over FY17-19E. We estimate the company’s margin to rise by 70bps on the back of cost optimization and timely execution of projects. We expect the company to report PAT CAGR of 3% over FY17-19E.

Glenmark reports encouraging clinical trial data on GBR 1302
Glenmark Pharma has reported positive clinical trial data on its phase 1 molecule GBR 1302. GBR 1302 is a potential drug candidate for Breast Cancer and Gastric Cancer.
The company has indicated that the preliminary data for GBR 1302 tells about the spikes in peripheral blood cytokines and a drop in T cell levels suggesting the potential for T cell activation.
The company has said that it is encouraged by these initial findings and look forward to continuing the studies.  GBR 1302 is Glenmark’s lead immuno-oncology agent based on the proprietary BEAT® bispecific antibody engineering platform.

Dr. Reddy’s Bachupally plant completes successful re-inspection by German regulator
Dr. Reddy’s has announced that the German drug regulator has carried out re-inspection of its Bachupally formulations plant (unit 2). The company has successfully completed this re-inspection as its subsidiary Betapharm has received a communication from the regulator that it can now start dispatching products to Europe from this plant.
The status of the EU GMP non-compliance is also to be removed from its plant by the Government of Upper Bavaria.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647


Wednesday 24 January 2018

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Capitalstars Updates: Top Corporate News:- 24 Jan 2018

Capitalstars Updates:  Top Corporate News

Top Headlines Of The Day:- 24 Jan 2018

RBL Bank falls 4% as asset quality worsens in Oct-Dec
Ashok Leyland bags order for 1,200 trucks from VRL Logistics
Bharti Airtel gets approval for acquiring operations of Millicom in Rwanda
Eveready to form JV with Indonesia based company for FMCG products
Bank of Baroda may float $1bn QIP soon


RBL Bank falls 4% as asset quality worsens in Oct-Dec
RBL Bank stock fell over 4% after the company reported an increase in bad loans in Oct-Dec, and net profit missed estimates.
For Q3FY18, RBL Bank’s NII improved by 45% yoy to Rs467cr against Rs322cr in Q3FY17.
The NIMs for Q3FY18 stood at 3.89%, which improved by 15bps qoq. The bank’s net profit was below estimates, improvement of 27.9% yoy to Rs165cr against Rs129cr.
Its GNPA for Q3FY18 stood at 1.56% against 1.44% qoq, which has increased by 12bps. NNPA for the quarter came at 0.97% against 0.78% qoq.
The advances for the quarter came at Rs36, 890cr, up 38% yoy and 10% qoq.

Ashok Leyland bags order for 1,200 trucks from VRL Logistics
Ashok Leyland Limited (ALL), one of the largest commercial vehicle (CV) manufacturers in India, bagged an order for 1,200 trucks from VRL Logistics Limited (VRL). The order for 1,200 trucks is for two models – “AL 3123” and “AL 3723”, for 600 units each. ALL released this to the stock exchanges on January 24, 2018. The order amounts to Rs350cr. VRL is a key client for ALL since the former sources 80% of its CV requirement from the latter. 
ALL is the third largest manufacturer of commercial vehicles (trucks, buses, tippers, trailers and defence vehicles) in India with ~18% market share. The company is also engaged in the manufacturing and selling of engines for industrial and marine applications, spare parts and special alloy castings.

Bharti Airtel gets approval for acquiring operations of Millicom in Rwanda
Bharti Airtel Ltd (Airtel) a leading global telecommunications services provider with operations in 16 countries across Asia and Africa, announced that it has received an approval for the acquisition of Tigo Rwanda Ltd (Tigo Rwanda), a subsidiary of Millicom International Cellular S.A. (Millicom) from the Rwanda Utilities Regulatory Authority (RURA).
The merged entity will have the largest customer base in Rwanda with 5.9 million subscribers. The combined networks of the two companies will serve customers with voice/ data services, global roaming and mobile banking services. It will also have Rwanda’s largest sales and distribution network.
The merger will result in the only negative ebitda OpCo joining other 13 positive ebitda OpCos in Africa.

Eveready to form JV with Indonesia based company for FMCG products
India’s leading dry cell battery maker, Eveready Industries India Limited (EIIL) will form a Joint Venture (JV) with Indonesia based Universal Wellbeing Pte. Ltd. (UW) for manufacturing, importing and marketing of Fast Moving Consumer Goods (FMCG) in India. EIIL will hold 30% stake in the soon-to-be-formed JV while UW will hold the remaining 70% stake. EIIL announced this to the stock exchanges on January 24, 2018.
EIIL plans to make use of its pan-India battery distribution network to sell a bouquet of FMCG products in urban and rural areas. As per its FY17 Annual Report, EIIL has a 4,000+ distribution network and 42 distribution centers. EIIL’s products are available across more than 3.2mn outlets.

Bank of Baroda may float $1bn QIP soon
Media reports suggest that Bank of Baroda is expected to float its $1bn qualified institutional placement of shares in two to three weeks. In November, The Finance Committee of the Board approved the proposal of raising additional equity capital aggregating up to Rs6, 000cr by way of a rights issue or qualified institutions placements (QIP). This move is positive for the bank, as it would provide much-needed headroom to provide for bad loans and would also help for next leg of loan growth. The stock would react positively to this news. Banks have been raising funds in the past few months to boost their capital adequacy ratio ahead of the government's recapitalization plan.


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Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647


Tuesday 23 January 2018

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Capitalstars Updates: Top Corporate News :- 23 Jan 2018

Capitalstars Updates:  Top Corporate News

Top Headlines Of The Day:- 23 Jan 2018

ONGC gains 3%, gets nod to sell stake in IOC and GAIL to fund HPCL deal
IOCL gains as company's board to mull bonus share issue
Kalpataru Power zooms on growing order book
Torrent Pharma to consider fundraising
MCX gains 2% as SBI MF buys 1.6% stake in the company

ONGC gains 3%, gets nod to sell stake in IOC and GAIL to fund HPCL deal
Oil and Natural Gas Corporation (ONGC) signed a deal to acquire 51.11% government stake in Hindustan Petroleum Corporation Limited (HPCL).
As per media reports, ONGC has got approval from the government for selling its stake in IOC and GAIL to help fund its acquisition with HPCL for which it requires ~Rs36, 915cr.
ONGC currently holds 13.77% stake in IOC which at current Mcap values to ~Rs 26,000cr. In GAIL, it holds ~4.86% stake valuing to ~Rs3900cr bringing the combined stake sale value to ~Rs29, 900 cr.
The company is currently evaluating various options for funding its HPCL acquisition. ONGC management is considering its cash first, followed by its liquid assets, although it won’t sell its liquid assets in distress. Company also has offers over Rs50, 000cr debt at very competitive rates.

IOCL gains as company's board to mull bonus share issue
Shares of Indian Oil Corp (IOCL) gained nearly 3% ahead of its board meeting on Jan 30, where the company will consider a bonus share issue. The stock was the best performer among Nifty 50 constituents.
While a bonus share issue does not change fundamentals of a company, it increases liquidity in the stock, often pushing up share prices.

Kalpataru Power zooms on growing order book
Kalpataru Power Transmission Limited (KPTL) has secured new orders for construction of substations, transmission lines, and railway electrification
The scope of the orders include the following :
Design, supply, and construction of substations and associated transmission line work from APTRANSCO for Rs282cr
400kV double circuit transmission line from Power Grid Company of Bangladesh and an order for 132 kV Transmission Line from Nepal Electricity Authority for ~Rs100cr
Design, supply, erection, testing and commissioning of railway electrification work for Rs123cr Pipeline augmentation work in Rajasthan for Rs366cr from a private client.

Torrent Pharma to consider fundraising
Torrent Pharma has indicated that its board will consider raising funds in a meeting scheduled on January 25. This fundraising could be either in form of issuance of equity shares (including convertible/non-convertible debentures/bonds) through QIP or depository receipts or by way of private placement or any other mode.
Torrent Pharma has recently completed two acquisitions i.e. domestic formulations business of Unichem Laboratories acquired in December 2017 and US-based generic, OTC player Bio-Pharm Inc in January 2018. Both the acquisitions are to solidify its business in India and US respectively. Bio-Pharm, Inc has a USFDA registered manufacturing facility in the US and Torrent is planning to scale this facility up and start filling more products from there.

MCX gains 2% as SBI MF buys 1.6% stake in the company
Shares of Multi Commodity Exchange (MCX) rose nearly 2% today after SBI Mutual Fund bought 1.61% stake in the company through a bulk deal on the NSE on Monday. The fund house bought the shares at 840.50 rupees apiece.
In a separate deal, Barron International Growth Fund sold 1.13 mn shares or 2.2% stake in the company.
MCX is currently trading at Rs850.5, up by Rs9.35 or 1.11% from its previous closing of Rs841.15 on the BSE. The scrip opened at Rs857.05 and has touched a high and low of Rs858 and Rs847.75 respectively. So far 141378 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs4289.87cr.

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Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647



Monday 22 January 2018

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Capitalstars Updates: Top Corporate News :- 22 Jan 2018

Top Headlines Of The Day:- 22 Jan 2018

Capitalstars Updates:  Top Corporate News

Axis Bank Q3 beats estimates; profit jumps 25% to Rs 726 cr, asset quality improves
ONGC to acquire 51.11% government stake in HPCL, ONGC gains 5%
Dr. Reddy's fined $5mn by US court over drug packaging
Tata Motors hikes product prices by 1-3.7% in Mumbai
Tata Steel to raise Rs12,800cr through rights issue


Axis Bank Q3 beats estimates; profit jumps 25% to Rs 726 cr, asset quality improves
Country's third largest private sector lender Axis Bank's third-quarter earnings beat analyst expectations, with improvement in asset quality performance.
Profit during the quarter grew by 25.3 percent year-on-year to Rs 726.4 crore despite fall in other income & operating income, driven by lower provisions and higher net interest income.
Net interest income, the difference between interest earned and interest expended, grew by 9.2 percent to Rs 4,731.52 crore compared to Rs 4,333.73 crore in year-ago, with strong loan growth at 21 percent YoY.

ONGC to acquire 51.11% government stake in HPCL, ONGC gains 5%
Oil and Natural Gas Corporation (ONGC) signed a deal to acquire 51.11% stake in Hindustan Petroleum Corporation Limited (HPCL) for about Rs36,915cr in an all-cash deal, which would close by end of Jan 2018. The deal is proposed to buy 778845375 equity shares in HPCL at a cash purchase consideration of Rs473.97 per share which is ~13.8% premium to HPCL’s closing on Friday (BSE).
The goal of this deal was to create an integrated oil major to compete with global rivals and will help the government meet annual disinvestment target. The deal is exempt from a public offer as both the entities are related parties but the acquisition involving two listed entities have been carried out on an arm’s length basis.

Dr. Reddy's fined $5mn by US court over drug packaging
A federal court in the US has imposed a $5mn civil penalty on a subsidiary of Dr. Reddy’s Laboratories for distributing prescription drugs in blister packs that were not child resistant. Child-resistant packaging is a critical safety measure.
Dr. Reddy’s failed to ensure that children were protected from potentially harmful prescription drugs and that it failed to comply with Poison Prevention Packaging Act (PPPA) and the Consumer Product Safety Act (CPSA) according to the US Department of Justice. As per the complaint, Dr. Reddy’s distributed such prescription drugs until 2012 and also failed to notify the Consumer Product Safety Commission.

Tata Motors hikes product prices by 1-3.7% in Mumbai
Tata Motors Ltd (TML) has increased ex-showroom prices of all its cars by 1.0-3.7% in Mumbai. This comes after the company offered a limited-period insurance and exchange offer to its customers on five models. 
According to Cogencis, the company has raised prices of the Tiago hatchback by 1.3-2.4% for the petrol variant, and 1.7-2.6% for the diesel variant. Prices for Tiago's petrol variant now start at Rs3, 31,646 ex-showroom Mumbai, and Rs4, 11,181 for the diesel variant.
TML, on the consolidated level, derives ~80% of its revenue from a wholly owned subsidiary, JLR, which had witnessed EBITDA margin decline in FY16 and FY17 on account of weakness in volumes growth, model mix, and forex losses. Standalone business (~80% CV and PV) has experienced market share losses and is expected to turnaround the trend on account of better acceptance of SCR technology (CV) and series of new launches in PV segment (Tigor/Hexa/Tiago).

Tata Steel to raise Rs12,800cr through rights issue
Tata Steel announced that it would be raising Rs12, 800cr via a rights issue in mid-February 2018. The rights issue would consist of two simultaneous but unlinked offers of – (1) 15.54cr fully paid up shares at Rs510 per share, and (2) 7.77cr partially paid-up shares at Rs615 per share. The company would raise up to Rs8, 000cr from the first offer and Rs4, 800cr from the second offer. The rights entitlement ratio for the fully paid up shares is 4 fully paid up shares for 25 ordinary shares held on the record date. The rights entitlement ratio for the partially paid-up shares is 2 fully paid up shares for 25 ordinary shares held on the record date.

The record date for the issue is February 1, 2018. The issue would open on February 14, 2018, and close on February 28, 2018. On December 19, 2018, the Board of Directors of Tata Steel had approved the raising of capital via rights issue as well as a 5 mtpa expansion to the Kalinganagar steel plant. Currently, the Kalinganagar steel plant has a capacity of 3mtpa and had a utilization level of 100% for Q3FY18.


Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647


Friday 3 June 2016

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NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS - 03 JUN 2016

Bank Nifty futures Tips, Bank Nifty Tips, free stock tips, Nifty Futures Tips, Nifty Tips, stock market tips,

CS NIFTY FUTURES (JUNE) OVERVIEW
TREND MIXED TO BULLISH
RES2:8295
RES 1:8255     
SUP1:8155
SUP2:8115

CS BANK NIFTY FUTURES (JUNE) OVERVIEW
TREND MIXED TO BULLISH
RES 2:17755
RES 1:17675
SUP1:17325
SUP2:17275
                                                  


Thursday 2 June 2016

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Top 5 Things to Know In the Market on Thursday

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Here are the top five things you need to know in financial markets on Thursday, June 2:

1. OPEC meets in Vienna
The Organization of the Petroleum Exporting Countries’ closely-monitored meeting kicked off in Vienna at 08:00GMT, or 4:00AM ET. The oil cartel is due to release a statement following the conclusion of the summit at around 14:00GMT, or 10:00AM ET, although no dramatic announcement on a production cut is expected.
Speaking to journalists ahead of the meeting, Saudi Arabia’s oil minister, Khalid Al-Falih, said the oil group’s strategy of letting the market rebalance itself out on its own appeared to be working.
Brent was up 25 cents, or 0.5%, at $49.97 a barrel by 9:55GMT, or 5:55AM ET, after rising to a high of $50.30, while U.S. crude tacked on 20 cents, or 0.4%, to $49.21.
Traders will also eye weekly government stockpile data from the U.S. due at 15:00GMT, or 11:00AM ET, amid expectations for a drop of 2.5 million barrels.

2. ECB policy decision, Draghi in focus
The European Central Bank's interest rate decision is due at 11:45GMT, or 7:45AM ET, with most of the focus likely to be on President Mario Draghi's press conference 45 minutes after the announcement. The consensus is that the ECB will stand pat on rates and reaffirm its focus on implementing the stimulus package announced in March.
The ECB will also release updated inflation and growth forecasts, with some analysts expecting the bank to raise its projections for inflation and growth.

3. U.S. employment data due ahead of the bell
The U.S. was to release the ADP jobs report for May at 12:15GMT, or 8:15AM ET, followed by weekly jobless claims data at 12:30GMT, or 8:30AM ET.
Market players are also focusing on Friday's U.S. nonfarm payrolls report. The consensus forecast is that the data will show jobs growth of 162,000 last month, following an increase of 160,000 in April, the unemployment rate is forecast to dip to 4.9%, while average hourly earnings are expected to rise 0.2% after gaining 0.3% a month earlier.
Solid readings could further heighten expectations for a move as soon as the Federal Reserve's next policy meeting on June 14-15.
Traders are now pricing in a 20% chance for a rate hike in June and 58% in July, according to CME Group's (NASDAQ:CME) FedWatch tool. September odds were at about 66%.

4. Global stocks mostly higher ahead of key risk events
U.S. stock futures pointed to a flat open on Thursday, as market players looked ahead to key U.S. data later in the day for more clues on the Federal Reserve’s next move.
Elsewhere, European stock markets were marginally higher, as investors waited to hear about monetary policy from the European Central Bank and oil output policy from the Organization of the Petroleum Exporting Countries.
Earlier, Japan's Nikkei tumbled 2% after the government moved to delay a sales-tax hike for more than two years, bucking mostly higher markets around the region.

5. Dollar moves further away from 2-month highs
The U.S. dollar retreated further from a two-month high against a basket of major currencies early Thursday. The dollar index was down 0.15% at 95.28, moving further away from Monday’s two-month peak of 95.96.

The greenback fell to a two-week low of 108.84 against the yen and was last down 0.5% at 109.01 (USD/JPY), while the euro touched a two-week peak of 1.1220 and last traded at 1.1202, up 0.1% (EUR/USD).

                                             

Wednesday 1 June 2016

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TOP CORPORATE NEWS - 1 June 2016

Nifty Tips

Petrol price up Rs2.58, Diesel hiked by Rs2.26 per litre
HPCL, BPCL, and IOC: Petrol price was hiked by Rs2.58 a litre and diesel by Rs2.26 per litre, the second increase in rates this month.
Petrol will cost Rs 65.60 per litre in DELHI after the increase while diesel will cost Rs53.93/litre.

RBI allows Axis Bank raise foreign shareholding to up to 62%
Reserve Bank of India (RBI) has allowed Axis Bank to raise foreign shareholding to up to 62%, from the earlier limit of 49%, as per reports.

Foreign institutional investors (FIIs)/registered foreign portfolios investors (RFPIs) can now invest from the existing 49% up to 62% of the paid-up capital of Axis Bank under the Portfolio Investment Scheme (PIS), RBI said in a notification.

Strong Q4 FY16 GDP growth of 7.9%
The Q4 GDP growth were also strong at 7.9% with Farm sector up 2.3% against (-1%) qoq while the GVA was at 7.2%.
The Q2 FY16 GDP nos have been revised to 7.5% from 7.6% and Q3 FY16 GDP nos have been revised to 7.2% from 7.3%.
Manufacturing grew 9.3% while Construction grew by 4.5%.

Zydus gets USFDA nod for Amantadine Capsules
Leading pharma company, Zydus Cadila has said that it has received the final approval from the USFDA to market Amantadine Hydrochloride Capsules USP, 100 mg.
The estimated sale for Amantadine Hydrochloride Capsules USP as per IMS (MAT April 2016) is $ 40.1 million. The drug which is used in the treatment of Parkinson's disease and select viral infections will be produced at the group's formulations manufacturing facility at the Pharma SEZ in Ahmedabad.

Eicher Motors May 2016: 2 wheelers Sales Volumes grow by 37.5%
Eicher Motors: May 2016 2 wheelers Sales Volumes grow by 37.5%: In line with estimates.
Eicher Motors 2 wheelers division (Royal Enfield) sales volumes for the month of May 2016 were up 37.5% YoY. The numbers were broadly in line with our estimates.
The strong demand for cruiser bikes, a segment where the company is a market leader has resulted in a strong monthly volumes.

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Monday 16 May 2016

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TOP CORPORATE NEWS- 16 May 2016

April WPI Positive after 17 months of decline
India’s wholesale prices was in positive after 17 consecutive months of shrinking, with the Wholesale Price Index (WPI)-based inflation rising at 0.34% in April as compared to -0.85% in the previous month of March. April WPI Inflation at 0.34% Vs -0.85% (MoM) Primary Articles Inflation at 2.34% Vs 2.13% (MoM) Food Articles Inflation at 4.23% Vs 3.73% (MoM) Vegetable Inflation at 2.21% Vs -2.26% (MoM) Pulses Inflation at 36.36% Vs 34.45% (MoM) Cereals Inflation at 2.64% Vs 2.47% (MoM) Fruits Inflation at -2.38% Vs -2.13% (MoM) Egg, Meat & Fish Inflation at 3.34% Vs 3.69% (MoM) Fuel Inflation at -4.83% Vs -8.3% (MoM) Manufactured Products Inflation at 0.71% Vs -0.13% (MoM) Primary Articles Index up 2.1% (MoM) Food Articles Index up 2% (MoM) Non-food Articles Index up 3% (MoM) All Commodities Index up 1.4% (MoM) Minerals Group Index up 0.6% (MoM) Fuel & Power Index up 1.7% (MoM). Manufactured Products Index up 0.8% (MoM). Food Products Index up 3.2% (MoM). Food Articles Inflation at 4.23% Vs 3.73% (MoM). Feb WPI Inflation Revised to -0.85% from -0.91%.

M&M enters Liquid Milk business in MP
M&M recently launched 'Saboro' brand liquid milk ouches in Madhya Pradesh to mark its entry in the sector. The company has a plan to expand its milk business and other dairy products on to other parts of the country as well, but in a phased manner. The road ahead would hinge on creating a large sourcing base and providing extraordinary quality. Currently the operations are based at Indore and in the coming years will expand to other locations. Further the management has mentioned that investments will depend on the arising opportunity and decisions will be taken on case to case..

Zee learn rallies post Q4FY16 results
Zee learn surged 19% to Rs33.05 on NSE after hitting an upper circuit, Of Rs33.50 post Q4FY16 results. Zee learn reported revenue growth of 18% YoY at Rs151.3 crore compared to Rs127.8 crore in Q3FY15. OPM for the quarter increased to 29% from 24% in Q3FY15. For Q4FY16

Strides Shasun Q4 consolidated net profit at Rs96 cr
Strides Shasun Ltd has announced the following audited Q4 & FY16 results for the quarter & year ended March 31, 2016:
For the Quarter ended March 31, 2016 (YoY). The Company has posted a net profit of Rs59.63 crore Vs Rs69.66 crore. Total Income at Rs680.95 crore Vs Rs290.11 crore .For the Year ended March 31, 2016 The Company has posted a net profit of Rs161.06 crore VS Rs532.32 crore. Total Income is Rs2345.22 crore Vs Rs1029.59 crore.

Reliance Defence reports Rs102 cr net profit in Q4
Reliance Defence and Engineering Ltd has announced the following Q4 & FY16 results for the quarter & year ended March 31, 2016:The Company has posted a net profit of Rs102.44 crore Vs net loss of Rs158.28 crore (YoY). Total Income increased to Rs115.31 crore Vs Rs56.15 crore. For the Year ended March 31, 2016 (Audited).

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