Capitalstars Updates: Top Corporate News :- 18 Jan 2018

Top Headlines Of The Day:- 18 Jan 2018

L&T Technology Services wins $50 million avionics contract

Dilip Buildcon has been awarded project worth Rs730.08cr by NHAI

Bharat Forge sets up e-mobility R&D center in the UK

Varun Beverages to acquire franchisee rights for Bihar

Tata Consultancy Services expands partnership with Shure

L&T Technology Services wins $50 million avionics contract
L&T Technology Services Ltd (LTTS) has announced that it has won a landmark project worth $50 million spanning over five years from a leading aerospace electronic systems manufacturer. The company added that LTTS has emerged as the winner to be the strategic supplier for the client’s Engineering and R&D (ER&D) pursuits.
Further to the announcement, the company stated aerospace customers are looking for an end to end engineering partners for their new age aviation initiatives and the project with LTTS will result in a transformation of their operations into a managed services model. This model will encapsulate support to both existing products and also for work related to the next-generation in-flight system.

Dilip Buildcon has been awarded project worth Rs730.08cr by NHAI
Dilip Buildcon has been declared lowest bidder (L1) by National Highway Authority of India (NHAI) for an engineering, procurement, and construction road project of length 29.29km in the state of Madhya Pradesh, at a bid price of Rs730.08cr. 
Dilip Buildcon is a Bhopal based road contractor and developer. Starting from 2006, the company gained scale in road EPC as the MP government increased expenditure on road network development. The company progressively diversified from Madhya Pradesh government orders to central and other state government road projects. Roads, highways, and bridges formed 81%, mining formed 16%, urban development formed 2% and irrigation formed 1% of DBL’s Q2FY18 order book.

Bharat Forge sets up e-mobility R&D center in the UK
Bharat Forge, India's largest exporter of auto components, has opened a Research & Development facility in the UK, in MIRA Technology Park, the UK's leading automotive technology park and Enterprise Zone, where it will be developing components & sub-systems focused on Electric Vehicles.
This facility will complement the capabilities & knowledge established over the past 2 years in Kalyani Centre for Technology & Innovation (KCTI) & Kalyani Centre for Manufacturing Innovation (KCMI) in Pune, focused on delivering solutions for Electric Vehicles.

Varun Beverages to acquire franchisee rights for Bihar
Varun Beverages Varun Beverages (VBL) has approved to acquire the franchise rights for PepsiCo India’s previously franchised sub-territory in Bihar, in its board meeting held on January 17, 2017.
Earlier in December, VBL entered into binding agreement to acquire two of PepsiCo India’s franchise - PepsiCo India’s previously franchised sub territory in the state of Jharkhand (20 districts) along with manufacturing units and franchise rights for the state Chhattisgarh.
Post this company will be a franchise for PepsiCo products across 20 states and 2 union territories of India.

Tata Consultancy Services expands partnership with Shure
Tata Consultancy Services, a leading global IT services, consulting and business solutions organization, announced the expansion of a strategic partnership with Shure Incorporated a world-renowned audio equipment manufacturer.
As a part of this collaboration, TCS has established a Global Development Center to help build cross-platform and mobile-enabled software for Shure's leading-edge audio technology and solutions for an exceptional end-user customer experience. TCS already plays an important role in the assurance and end-to-end system integration testing of some of Shure's new product lines, and Shure will now have the capability to leverage TCS' Innovation Labs and expertise in digital technologies including loT and Cyber Security to create secure, scalable, and differentiated audio products and solutions.

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Capitalstars Updates: Top Corporate News :- 17 Jan 2018

Top Headlines Of The Day:- 17 Jan 2018

Texmaco Rail to set up logistics hub and food park in West Bengal

Sun Pharma settles patent dispute regarding Linzess

GAIL and Gazprom renegotiate the long-term LNG sale and purchase agreement

Ashok Leyland signs Letter of Intent with Israeli firm for aluminum-air batteries

Bharat Forge sets up e-mobility R&D center in the UK

Texmaco Rail to set up logistics hub and food park in West Bengal
Texmaco Rail & Engineering Ltd, engaged in the business of rail freight cars and EPC, is exploring an opportunity for setting up a mega logistics hub cum food part with a manufacturing facility at Sankrail in Howrah, West Bengal.
The company believes that on the implementation of the project, it will trigger a major industrial activity to provide a balance in the economic development of the region. This would also provide a diversification in its business portfolio.
The company’s announcement comes during the time when the country’s top businessmen expressed their confidence that the state of Bengal is on the path of economic growth, in the Bengal Global Business Summit.

Sun Pharma settles patent dispute regarding Linzess
Sun Pharma has reached an agreement with Ironwood Pharmaceuticals and Allergan to settle a patent litigation for generic of Linzess in the US. Sun Pharma is seeking a USFDA approval pertaining to its abbreviated new drug application (ANDA) for this drug.
According to the settlement, Ironwood Pharma and Allergan will grant a license to Sun Pharma to market the generic version of Linzess in the US market effective from February 1, 2031. Sun Pharma can launch the generic earlier based on certain predetermined circumstances. Post the settlement, the litigation against Sun pharma will be dismissed, however the same is subject to routine regulatory approval.

GAIL and Gazprom renegotiate the long-term LNG sale and purchase agreement
GAIL had executed a long-term sale and purchase agreement (SPA) building up to 2.5MMTPA of LNG on discharge- ex-ship basis with Gazprom Marketing & Trading Singapore (GMTS) in the year 2012, the supplies under, which are scheduled to start in Q2CY18.
The two parties have agreed to an adjustment to the price and volume of LNG supply thus enabling GAIL to develop incremental gas markets to offtake these volumes thereby mitigating volume risk.
The delivered price of LNG may be less by 50 cents to $1 per MMBtu compared to the earlier formula agreed upon, according to media reports. The price is based on an oil-indexed formula.

Ashok Leyland signs Letter of Intent with Israeli firm for aluminum-air batteries
Ashok Leyland Limited (ALL), one of the largest commercial vehicle (CV) manufacturers in India, has signed a Letter of Intent (LoI) with Israeli firm Phinergy for use of aluminum-air batteries for Electric CVs in India. This was announced to the stock exchanges on January 17, 2018.
Phinergy is a leading developer of clean and high energy-density systems based on metal-air technology. With its aluminum-air battery, Phinergy has developed a revolutionary way to generate electricity using aluminum as an energy source. ALL plans to use this technology to meet energy requirements of its CVs in India. Prototypes and pilot trials will be developed over the next few months.

Bharat Forge sets up e-mobility R&D center in the UK
Bharat Forge, India's largest exporter of auto components, has opened a Research & Development facility in the UK, in MIRA Technology Park, the UK's leading automotive technology park and Enterprise Zone, where it will be developing components & sub-systems focused on Electric Vehicles.
This facility will complement the capabilities & knowledge established over the past 2 years in Kalyani Centre for Technology & Innovation (KCTI) & Kalyani Centre for Manufacturing Innovation (KCMI) in Pune, focused on delivering solutions for Electric Vehicles.

The Electric Mobility Research and Development Centre will be able to tap into the extensive testing facilities at MIRA Technology Park as well as the pool of engineering talents in the Midlands.

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Capitalstars Updates: Top Corporate News :- 16 Jan 2018

Top Headlines Of The Day :- 16 Jan 2018

GNFC shuts down TDI plant at Dahej; Stock slides downwards more than 7% 

BSE board approves buyback of shares upto Rs1,100 per share 

TV18 Q3 net profit down 8% at around Rs 16 cr

Network18 Media & Investments Q3 net profit at Rs 11.43 cr

ICICI Lombard Q3 PAT rises 5% to Rs 232 cr

GNFC shuts down TDI plant at Dahej; Stock slides downwards more than 7%
Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), in its filing to BSE, has informed that it had to shut down its TDI-II (Toluene Di-Isocynate) plant at Dahej due to a sudden leakage.
The leakage in TDI-II plant at Dahej was noted in the morning on January 15, 2018. The company reported that there was no property damage or any loss of life.
The management has decided to close the plant indefinitely till the root cause is analyzed, reviewed and necessary further safety measures are taken.
The current capacity of TDI-II plant is 50,000MTPA, which was operating at optimum utilization level. The plant faced a similar issue in FY15 wherein it had accounted an impairment loss of Rs330cr due to the issue of gas emission and problems in bringing the plant at effective utilization level. However, as the issues were resolved by the company, the impairment loss was reversed in FY17.

BSE board approves buyback of shares upto Rs1,100 per share
The Board of Directors of BSE Limited approved a Buyback proposal at a price not exceeding Rs1,100  from the open market. The amount of the buyback is not to exceed Rs166cr. This buyback amount is 9.99% of the company’s standalone net-worth (as on March 2017). The total cash and current investments for the company stood at Rs906.4cr at the end of FY17.
BSE is the second largest stock exchange with a market share of 17% in FY17. BSE is the leader in the Small & Medium Enterprises and Mutual fund segments with 80% and 82% market share respectively. The company also has several ongoing initiatives such as Indian International Exchange and 
Commodity Trading. Trading on the International exchange began in January 2017, whereas commodity trading is yet to begin. The company has guided that they plan to levy transaction fees on the International Exchange by FY19.

TV18 Q3 net profit down 8% at around Rs 16 cr
Media firm TV18 Broadcast today reported an 8.1 per cent decline in consolidated net profit at Rs 15.87 crore for the quarter ending December mainly due to higher tax expenses.
The company had posted a net profit of Rs 17.27 crore during the same period previous fiscal, TV18 Broadcast said in a regulatory filing.
Total income during the quarter under review grew 8.88 per cent to Rs 277.37 crore as against Rs 254.73 crore in the October-December quarter previous fiscal.

Network18 Media & Investments Q3 net profit at Rs 11.43 cr
Network18 Media & Investments today reported a consolidated net profit of Rs 11.43 crore in the third quarter ended December 31, 2017.
The company had posted a consolidated net loss of Rs 77.82 crore in the year-ago period, Network18 Media & Investments said in a BSE filing.
Total income during the quarter under review stood at Rs 439.23 crore as against Rs 353.42 crore in the same quarter previous year.

ICICI Lombard Q3 PAT rises 5% to Rs 232 cr
ICICI Lombard General Insurance today reported a 5.20 per cent increase in profit after tax (PAT) at Rs 231.76 crore for the quarter ended December 31, 2017.
A subsidiary of ICICI Bank, the general insurance firm had earned a PAT of Rs 220.30 crore in the same quarter of the previous fiscal.
Total income rose to Rs 2,019.77 crore from Rs 1,842.93 crore in the year-ago period, ICICI Lombard said in a BSE filing.

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CapitalStars Market Expert Calls On Zee Business Dated 22 Nov 2017

CapitalStars Market Expert Calls On Zee Business Dated 22 Nov 2017 

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SENSEX MAKES SMART RECOVERY TO LOG 135 POINTS GAIL, NIFTY 50 TOPS 7530 - 9 Mar 2016

The domestic stock market staged an impressive comeback that helped the S&P BSE Sensex rally from a 208-point loss to log 161-point gain at 24,820 on Wednesday, thanks to a bounce in realty and capital goods stocks.

The market was trading in the red till mid-day on weak global cues as a fresh slump in crude prices dragged the US markets in overnight trade while a selloff in Chinese equities spooked stock markets globally this morning amid renewed concerns over the outlook for the Chinese Economy.

But the domestic benchmarks went on to make solid gains following strong cues from the European markets. The S&P BSE Sensex ended at 24,793.96, up 134.73 points or 0.55 per cent, extending its winning streak to the sixth day. The NSE's Nifty50 closed at 7,531.80, up 46.50 points or 0.62 per cent.

HEADLINES OF THE DAY

Crompton sells international T&D business for Euro 115 million

Maruti Suzuki launches compact SUV Vitara Brezza

HDFC in talks to acquire L&T General Insurance

The crucial resistance for Nifty SPOT is now seen at 7577 and above this 7634. Support for the immediate term is now placed at 7442 and next support will be 7380.

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Closing Bell 20-Aug

CS CLOSING BELL:
NIFTY SPOT DOWN 122@8372
SENSEX DOWN 322@27607
BANK NIFTY FUTURES DOWN 400@18325

HAVE A NICE DAY!
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DAILY NIFTY SMART MOVERS

SCRIPTS	PRICE	VOLUME             (IN 000’S)		PRE. CLOSE	CHANGE (%)	CHANGE (Rs.)
Lupin	1893.00	3294.08		1795.40	5.44	97.60
ITC	328.55	11828.57		316.90	3.68	11.65
BPCL	902.90	2734.80		887.10	1.78	15.80
Dr. Reddys Lab	4298.90	659.77		4231.30	1.60	67.60
Sun Pharma Inds.	937.35	7361.27		927.75	1.03	9.60

 DAILY NIFTY TOP LAGGARDS                     

SCRIPTS	PRICE	VOLUME (000’S)	PRE. CLOSE	CHANGE (%)	CHANGE (Rs.)
Cairn India	141.65	3552.61	151.60	-6.56	-9.95
Yes Bank	724.00	6617.88	774.25	-6.49	-50.25
PNB	159.10	4208.30	168.00	-5.30	-8.90
Vedanta	98.30	10619.08	102.50	-4.10	-4.20
Reliance Industries	916.25	4170.66	954.60	-4.02	-38.35

INDIAN BENCHMARKS For Today

INDIAN BENCHMARKS , Monday Blues: Shaky start to the Week

INDIAN EQUITY BENCHMARKS fell on Monday, led by selling in blue chip stocks as weak Asian markets, a lacklustre parliament session and the absence of any positive earnings trigger weighed on sentiment. The S&P  BSE Se nsex and CNX Nifty ended 0.67%-0.48% lower each.

Headlines for the day:

·         Nitin Fire jumps 10%; Amitabh Bachchan buys stake

·         Exports contract to 10.3% in July

·         Punj Lloyd tanks post Q1FY2016 earnings

The crucial resistance for Nifty is now seen at 8555 and above this 8595. Support for the immediate term is now placed at 8455 and next support will be 8415.

Opening Bell 17-Aug-2015

CAPITALSTARS OPENING BELL:
NIFTY SPOT UP 10@8530
SENSEX DOWN 15@28052
BANK NIFTY FUTURES UP 6@18798

HAPPY TRADING

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CS NIFTY FUTURES (AUG) OVERVIEW

TREND MIXED TO BULLISH

RES2:8595

RES 1:8555     

SUP1:8502

SUP2:8475

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CS BANK NIFTY FUTURES (AUGUST) OVERVIEW

TREND MIXED TO BULLISH

RES 2:18975

RES 1:18875

SUP1:18625

SUP2:18525

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NIFTY MArket News For Today

Nifty levels: 
Nifty spot close @8355
Nifty future close @8368

Today’s view on Nifty Tips

Selling opportunity on rise, sell as remain below 8450 we may see 8300-8250 level in coming days. Above 8450 we may see some fresh buying and it may touch 8500-8650 level.

Bank Nifty levels:
Bank nifty spot close @18175
Bank nifty future close @18319

View on Bank nifty 

Banknifty selling opportunity below 18200 we may see 17900/17600 level in coming days. Major resistance zone will be 18300-18350.

MARKET COMMENTERY

Key benchmark indices provisionally settled higher in what was a highly volatile trading session. The barometer index, the S&P BSE Sensex was provisionally up 132.64 points or 0.48% at 27,644.90. The market breadth indicating the overall health of the market was weak. Volatility heightened in late trade as key indices regained positive terrain after slipping into the red for a brief period.

STOCK BUZZ
1. ONGC rose 0.93% after reporting good Q1 results. The company's net profit rose 14.18% to Rs 5459.90 crore on 3.89% rise in total income to Rs 23631.46 crore in Q1 June 2015 over Q1 June 2014. The company announced results during market hours. For Q1 June 2015, the company's gross revenues was decreased by Rs 1133 crore for sharing underrecoveries with PSU OMCs while net profit was reduced by Rs 628 crore. No discount was given by the company to PSU OMCs in Q4 March 2015.
2. Dr. Reddy's Laboratories (DRL) gained 0.19% after the company announced yesterday, 12 August 2015 that the company has launched PRAMIPEXOLE dihydrochloride extended-release tablets 0.375 mg, 0.75 mg, 1.5 mg, 3 mg and 4.5 mg, a therapeutic equivalent generic version of MIRAPEX ER (pramipexole dihydrochloride) Extended-Release Tablets in the US market on 11 August 2015, following the approval by the United States Food & Drug Administration (USFDA). The announcement was made after market hours yesterday, 12 August 2015.

HOT PURSUIT
1. Meanwhile, as per reports, the 23-day monsoon session of Parliament came to an end today, 13 August 2015 after both the Houses - Lok Sabha and Rajya Sabha were adjourned sine dine without any major bill, including the Goods and Services Tax Bill being passed. The session which began on 21 July 2015 was a complete washout due to protests by the opposition, chiefly the Congress, demanding the resignations of External Affairs Minister Sushma Swaraj and Rajasthan CM Vasundhara Raje in the Lalit Modi controversy and Madhya Pradesh CM Shivraj Singh Chouhan in the Vyapam scam.

2. Among macro economic data, industrial production registered year-on-year growth of 3.8% in June 2015, according to the data released by the Ministry of Statistics & Programme Implementation after trading hours yesterday, 12 August 2015. The cumulative growth in industrial production for the period April-June 2015 over the corresponding period of the previous year stands at 3.2%. The IIP growth for May 2015 was scaled down to 2.5% in the first revision compared with 2.7% reported provisionally. Meanwhile, the growth in March 2015 that was scaled up at first revision to 2.5% from 2.1% reported provisionally, has been retained nearly unchanged at 2.5% in final revision.

OPTION STRATEGY

1. In today’s session we have seen call writing in 8500 strike price, we may see 8500 as a strong resistance level in coming days.

2. KOTAK BANK 700 and 720 calls and puts were so active, we may see some profit booking from upper level. 

3. TATASTEEL 250/240 puts were so active today, we may see more selling as remain below 250.

STOCKS TO WATCH

TECHM: 
Buy TECHM above 550 stock may show 575-590 level in coming days, below 550 major support will be 535.

MOTHERSONSUMI
Buy stock above 350 stock may show 365/370 level, remain below 350 more down side is expected.

UNIONBANK:
Buy UNIONBANK above 201 for the target of 218/224 in coming days, keep buy on dips.
Top PICKS OF THE DAY

•    BUY M&M ABOVE….? TGT…..?STOP LOSS……?
•    SELL ICICI BANK BELOW…..?...TARGET….?..STOPLOSS…?
•    SELL VOLTAS BELOW….? STOCK MAY SHOW 290/280 LEVEL IN COMING DAYS WITH STOP LOSS…?