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Friday 6 May 2016

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TOP CORPORATE NEWS- 6 May 2016

Nifty Tips

Havells expects revenue of around Rs100 Cr by 2020
Havells entered a new product lines automation & smart solutions business.
The management expects of revenue of around Rs100 Cr from the automation & control by 2020.

Emami’s Dubai arm acquires 18.33% share in Fravin
Leading FMCG brand, Emami has said that its wholly owned subsidiary based in Dubai, Emami International FZE has further acquired 18.33% of the share Capital of its subsidiary Fravin Pty. Ltd, Australia.
Consequent to the above acquisition of shares, aggregate shareholding of Emami International FZE in its subsidiary company M/S. Fravin Pty Ltd has been increased from 66.67% to 85% share capital of Fravin Pty. Ltd.

Hero Motocorp Q4 profit in-line
Hero MotoCorp has announced the following audited Q4 & FY16 results for the quarter & year ended March 31, 2016:
Standalone
For the Quarter ended March 31, 2016 (YoY)
The Company has posted a net profit of Rs814.16 crore Vs Rs476.53 crore.
Total Income increased to Rs7614.61 crore Vs Rs6886.75 crore.

Aurobindo receives USFDA approval for fenofibrate tablets
Aurobindo Pharma receives USFDA approval for fenofibrate tablets ( gTricor) – Positive for Aurobindo; Strong growth to sustain over next two years on the back of continuous product approvals being received.
Aurobindo has received final approval from the USFDA to manufacture and market Fenofibrate Tablets, used to treat high level of cholesterol and triglyceride in the blood. This product is expected to be launched in Q1 FY16-17.

Bharti Airtel plans for divestment of telecom towers
Bharti Airtel International (Netherlands) BV, and Helios Towers Africa (HTA), a leading independent telecoms towers company in Africa, announced an agreement for the divestment of approximately 950 telecoms towers in the Democratic Republic of Congo (DRC) from Bharti Airtel to HTA.

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Wednesday 4 May 2016

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TOP CORPORATE NEWS- 4 May 2016

Equity Tips
Adani Ports slumps post Q4FY2016 earnings
Shares of Adani Ports and Special Economic Zone slumped 13% to Rs 206 on NSE after the company reported 38% YoY rise in consolidated PAT for Q4FY2016 to Rs914 crore (includes derivate gain of Rs139 crore vs Rs24 crore last year same period).

The consolidated total income and EBITDA increased by 18% YoY and 12% YoY respectively.

The company has given a guidance of 10-15% YoY cargo volume growth and corresponding 10-15% YoY growth in PAT for FY2017

JSW Energy to acquire JSPL’s 1000MW Raigarh plant
JSW Energy to acquire JSPL’s 1000MW Raigarh thermal power plant at Rs6500 crore– Positive for JSPL & JSW energy

JSW Energy is set to acquire 1000 MW Thermal Power project at Raigarh, Chattisgargh from JSPL.

The consideration to be paid by JSW energy is linked to an enterprise value of Rs 4000 crore plus net current assets.

Tata Motors weakens on disappointing JLR April sales
Shares of Indian auto major Tata Motors tanked 7% to Rs381 on NSE after its JLR US April 2016 retail sales declined marginally by 2% yoy; below estimates; negative

JLR retail sales in the US market for the month of April 2016 declined marginally 2% yoy to 6,275 units and were below estimates. JLR underperformed the US car industry which reported a 3% growth in the month of April 2016.

Jaguar sales at 1,087 units remained flat on yoy basis. In the corresponding month last year, Jaguar had retailed 1,079 units.

Adani Ent cracks on weak Q4 net profit
Shares of Adani Enterprises cracked 8% to Rs79 on NSE after its Q4 Consolidated Net Profit dropped by 14.8% at Rs166.8 Cr Vs Rs195.8 Cr (QoQ).

Total Income +5.2% at Rs.10, 950 Cr Vs Rs.10, 408 Cr (QoQ)
EBITDA + 10.3% at Rs.515.3 Cr VS Rs.467.3 Cr (QoQ)
EBITDA Margin At 4.7% Vs 4.5% (QoQ)
Exceptional Loss at Rs.75 Cr Vs Profit Of Rs.13 Cr (QoQ)
Tax Expense at Rs.8 Cr Vv Rs.55 Cr (QoQ)
To Raise Fund Via Issue Of Debt Instruments For Up To Rs.6,000 Cr

Alstom T&D tanks on weak Q4 earnings
Shares of Alstom T&D India tanked over 6% to Rs355 on NSE led by weak Q4FY2016 earnings.
Alstom T & D India Ltd announced the following results:
Unaudited Standalone for Quarter ended March 31, 2016
Net profit at Rs29.87 crore vs Rs54.03 crore (YoY)
Total Income at Rs977.93 crore vs Rs1368.35 crore (YoY)
Audited Standalone for Year ended March 31, 2016
Net profit at Rs77.51 crore vs Rs120.57 crore (YoY)
Total Income at Rs3450.31 crore vs Rs3722.10 crore (YoY)

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Tuesday 3 May 2016

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TOP CORPORATE NEWS- 3 May 2016

Nifty Futures Tips

TVS Motor slumps as Q4 earnings miss estimates
Shares of TVS Motor dropped over 12 % to Rs280 on NSE after its Q4 Net Profit rose 30.1% at Rs117.8 Cr Vs Rs90.5 Cr (YoY)
TVS Motors Q4FY16 results review: Operating performance misses estimates; Net Profit in line due to higher other income and lower taxation.
Total Income +15.2% at Rs.2, 815 Cr Vs Rs.2, 443 Cr (YoY)
EBITDA +19.4% at Rs.178.5 Cr Vs Rs.149.5 Cr (YoY)
EBITDA Margin At 6.3% Vs 6.1% (YoY)
Other Income at Rs.24.2 Cr Vs Rs.10 Cr (YoY).

MRF Q4 net profit up 13% (YoY)
MRF has announced the following Q4 & FY16 results for the quarter & year ended March 31, 2016:
Standalone

For the Quarter ended March 31, 2016 (Unaudited)
The Company has posted a net profit of Rs375.90 crore Vs Rs332.62 crore (YoY).
Total Income increased to Rs3456.48 crore Vs Rs3332.77 crore (YoY).

Century Textiles Q4 net profit down 22% (YoY)
Century Textiles & Industries Ltd has announced the following Standalone Q4 & FY16 results for the quarter & year ended March 31, 2016:

The Company has posted a net profit of Rs9.16 crore Vs Rs11.81 crore (YoY).
Total Income decreased to Rs2059.28 crore Vs Rs2109.54 crore (YoY).

Maruti to launch LCV in H1FY17; eyes annual sales of 30k units
Maruti Suzuki is set to launch its light commercial vehicle (LCV) by August-September this year. The LCV project, codenamed Y9T, was first announced by the company in FY15 but put on indefinite hold due to design issues.
The new LCV is likely to have an 800 cc engine and compete with Tata Motors Ace and M&M’s Gio. Maruti, has reportedly shared its plan with top vendors in Thailand last week and is likely to be eyeing annual volumes of 30,000 units from this business.

Dr Reddy gets tentative approval for gAvandia tablets
Dr Reddy gets tentative approval for gAvandia tablets (rosiglitazone maleate), an antidiabetic drug – Positive for Dr Reddy.

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Monday 2 May 2016

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TOP CORPORATE NEWS- 2 May 2016

Nifty Futures tips
TVS Motor receives approval for Rs310 crore expansion plan
TVS Motor has received an approval from Karnataka Government for its proposed Rs310 crore expansion plan for its Mysore facility.

The approval comes in line with the company’s plans to expand its production capacities. Positive for TVS Motor Company.

HDFC Q4 profit boosted by sale of Investment
Housing Development Finance Corporation (HDFC) has announced the following Q4 & FY16 results for the quarter & year ended March 31, 2016:
Standalone
For the Quarter ended March 31, 2016 (Unaudited)
Net Profit rose by 39.98% to Rs2607.05 crore Vs Rs1862.43 crore (YoY).
Total Income increased by 23.72% to Rs9225.72 crore Vs Rs7456.43 crore.

Ujjivan IPO gets oversubscribed 1.22 times
The IPO of Ujjivan Financial Services has been oversubscribed 1.22 times during the morning trade on the last day of the offer today, as per report.
The Rs885-crore public issue received bids for 3, 61, 64,170 shares against the total issue size of 2, 96, 63,706 shares, data available with the NSE till 10:30 hrs showed.
Ujjivan's issue, which is scheduled to close today, comprises fresh issuance of shares worth Rs358.16 crore and an offer for sale of up to 24,968,332 shares by the existing shareholders, as per reports.
Price band for the offer has been fixed at Rs207-210.

Petrol Price hikes by Rs1.06/Ltr, Diesel by Rs2.94/Ltr
Petrol price was today hiked by Rs1.06 per litre and diesel by Rs2.94 a litre.
Petrol in Delhi will cost Rs62.19 per litre from midnight tonight as against Rs61.13 currently, said Indian Oil Corporation (IOC), the nation's largest fuel retailer.
Similarly, a litre of diesel will cost Rs50.95 compared to Rs48.01 at present.

RBI allows up to 60% Foreign Holding in Yes Bank
Reserve Bank of India (RBI) has allowed foreign investors to buy up to 60% stake in Yes Bank. The Bank passed resolutions at its Board of Directors' level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs/RFPIs.
Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest from existing 49% up to 60% of the paid up capital of the bank under the Portfolio Investment Scheme (PIS).

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