SVS Financial - Market News

02/06/2019

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28/05/2019

_*〽arket 〽⭕⭕D as on*_ 2⃣8⃣➖0⃣5⃣➖1⃣9⃣ provisional @ 06:39 pm

*NSE* *Nifty 50* *_(P/E 29.69)_* *+ 4 (11929)* 🔼

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*ForeX*

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24/04/2019

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09/04/2019

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01/02/2019

*HIGHLIGHTS OF BUDGET 2019*
* *
*Tax*
1. Within 2 years, Tax assessment will be done electronically
2. IT returns processing in just 24 hours
3. Minimum 14% revenue of GST to states by Central Govt.
4. Custom duty has abolished from 36 Capital Goods
5. Recommendations to GST council for reducing GST rates for home buyers
6. *Full Tax rebate upto 5 lakh annual income after all deductions.*
7. Standard deduction has increase from 40000 to 50000
8. Exempt on tax on second self-occupied house
9. Ceiling Limit of TDS u/s 194A has increased from 10000 to 40000
10. Ceiling Limit of TDS u/s 194I has increased from 180000 to 240000
11. Capital tax Benefit u/s 54 has increased from investment in one residential house to two residential houses.
12. Benefit u/s 80IB has increased to one more year i.e. 2020
13. Benefit has given to unsold inventory has increased to one year to two years.
*Other Areas*
14. State share has increased to 42%
15. PCA restriction has abolished from 3 major banks
16. 2 lakhs seats will increase for the reservation of 10%
17. 60000 crores for manrega
18. 1.7 Lakh crore to ensure food for all
19. 22nd AIIMS has to be opened in Haryana
20. Approval has to be given to PM Kisan Yojana
21. Rs. 6000 per annum has to be given to every farmer having upto 2 hectare land. Applicable from Sept 2018. Amount will be transferred in 3 installments
22. National kamdhenu ayog for cows. Rs. 750 crores for National Gokul Mission
23. 2% interest subvention for farmers pursuing animal husbandry and also create separate department for fisheries.
24. 2% interest subvention for farmers affected by natural calamities and additional 3% interest subvention for timely payment.
25. Tax free Gratuity limit increase to 20 Lakhs from 10 Lakhs
26. Bonus will be applicable for workers earning 21000 monthly
27. The scheme, called Pradhan Mantri Shram Yogi Mandhan, will provide assured monthly pension of Rs. 3,000 with contribution of Rs. 100 per month for workers in unorganized

01/08/2018

Economic Times



Business Standard

Ø Tata Motors reports Rs 1,864 cr surprise loss in Q1

Ø Bharti Airtel says enterprise becoming growth engine

Ø June core sector growth hits 7-month high

Ø GST evasion worth Rs 3,026 cr detected in 1 yr: Govt

Ø Trai sets new quality norms for 4G networks

Ø PSBs earn over Rs 3K cr via customer charges in 4 yrs

Ø Brent crude to average $72.87 a barrel in 2018

Ø Monsoon rainfall remains 6% below normal



Ø RIL wins arbitration case against govt's claim of illegal gas production

Ø Dabur India Q1 net profit surges 25% to Rs 3.3 billion, sales jump 16%

Ø Balance sheets of external sector, banks need greater focus of govt: Report

Ø Govt issues fresh guidelines to 12 major ports for pension fund investment

Ø JSW begins integration of Aferpi specialised steel plant in Italy

Ø BEML keen on developing bullet train coaches in India, but awaits clarity

Business Line



Mint

Ø Centre seeks Parliament’s nod for Rs.980-cr equity infusion in Air India

Ø Rs.7.63-lakh crore investment projected for petrochem hub

Ø Taiwan’s CPC may invest $6.6 bn for plant in Odisha

Ø Sterlite Copper unit shutdown led to Rs 20k cr loss to economy: CEO P

Ø Anil Agarwal offers $1 b to take Vedanta Resources private



Ø India’s April-June fiscal deficit at 68.7% of 2018-19 target

Ø Tencent’s $143 billion rout is world’s biggest as tech sinks

Ø Piramal Group seeks to form renewable energy platform

Ø Bharti Airtel partners Razorpay for UPI payments

Ø Vedanta Q1 profit rises 2.1% to ₹1,533 crore, misses estimates

Financial Express



Financial Chronicle

Ø Coal India to procure mining equipments worth $2 billion through global tender over next 3 years

Ø Banks’ bad loans surge to Rs 9.61 lakh cr by FY18: Govt

Ø Government considering restrictions on royalty payments

Ø US agency signs MoU with Indian company for 41 MW power project in Andhra Pradesh



Ø Sebi panel trashes E&Y’s fame

Ø Srei sees strong growt

01/08/2018

Results on Wednesday: Apollo Tyres, Emami, Exide Industries, Pidilite Industries, Tata Global Beverage, Torrent Power, Reliance Infrastructure, Aditya Birla Fashion, Astec Lifesciences, Ballarpur Industries, FDC, Gravita India, HEG, HFCL, Jayshree Tea, Jindal saw, Navneet Education, Orient Cement, Orient Paper, Poly Medicure, Repro India, TCI express, TPL Plastech, Triveni Engineering, V2 Retail, Zuari Agro Chemicals, Gateway Distriparks.
Tata Motors: Q1 consolidated loss at Rs 1,863 crore versus adjusted loss of Rs 438 crore; revenue rises 14.7 percent to Rs 67,081 crore versus Rs 58,493 crore; JLR net loss at 210 million pound while standalone profit at Rs 1,188 crore versus loss of Rs 463 crore (YoY).
Vedanta: Q1 consolidated profit rises 0.7 percent to Rs 2,248 crore versus Rs 2,233 crore; revenue jumps 21.4 percent to Rs 22,206 crore versus Rs 18,285 crore (YoY).
BASF India: Q1 profit jumps to Rs 24.4 crore versus Rs 0.7 crore; revenue increases 7.7 percent to Rs 1,627 crore versus Rs 1,510 crore (YoY).
Jagran Prakashan: Q1 net profit falls 0.4 percent to Rs 88.4 crore versus Rs 88.7 crore; revenue rises 1.9 percent to Rs 602.5 crore versus Rs 591.3 crore (YoY)
Mahanagar Gas: Q1 profit increases 3.2 percent to Rs 128 crore versus Rs 124.3 crore; revenue climbs 16.7 percent to Rs 619.4 crore versus Rs 530.9 crore (YoY).
IIFL Holdings: Q1 consolidated profit jumps to Rs 344.54 crore versus Rs 252.71 crore; revenue rises to Rs 1,768 crore versus Rs 1,418.5 crore (YoY).
JK Paper: Q1 profit jumps to Rs 95.14 crore versus Rs 73.60 crore; revenue increases to Rs 795.01 crore versus Rs 631.32 crore (YoY).
Gujarat State Fertilizers and Chemicals: Q1 profit surges to Rs 70.74 crore versus Rs 40.52 crore; revenue rises to Rs 1,770.32 crore versus Rs 1,137.6 crore (YoY).
Castrol India: Q1 profit increases 19 percent to Rs 164.2 crore versus Rs 137.9 crore; revenue jumps 16.9 percent to Rs 1,017.2 crore versus Rs 870.4 crore (YoY).
Triveni Turbines: Q1 profit rises to Rs 19

25/07/2018

Stocks in news

Results on Wednesday: L&T, Ambuja Cements, Hero MotoCorp, JSW Steel, BHEL, Bharti Infratel, Canara Bank, Crompton Greaves, Gruh Finance, KPIT, OBC, PVR, Reliance Nippon AMC, TTK Prestige, Intellect Design, Jubilant Foodworks, Jyothi Labs, Karur Vysys bank, Shriram City Union, Syngene International, IRB Infrastructure, Tata Elxi, United Bank of India, Bharat Bijlee, Everest Industries, HCL Infosystems, NOCIL, Sanofi India, Security & Intelligence Services, SKF India, Welspun Enter, IFB Agro Industries, Acrysil, ADF Foods, Dishman Carbogen, GE T&D India, Kirloskar Ferrous Industries, Udaipur Cement

Asian Paints: Q1 consolidated profit rises 30 percent to Rs 571.3 crore versus Rs 440.7 crore; revenue rises 15.1 percent to Rs 4,390 crore versus Rs 3,815.3 crore (YoY).

ICICI Prudential Life Insurance: Q1 profit falls 30.5 percent to Rs 282 crore versus Rs 406 crore; net premium income increases 12.8 percent to Rs 5,438 crore versus Rs 4,820 crore (YoY).

ICICI Bank: Sandeep Batra of ICICI Prudential Life joined ICICI Bank as President-Corporate Centre. He will directly report to Sandeep Bakshi, COO, ICICI Bank.

Network18 Media: Q1 consolidated operating revenue rises 10 percent to Rs 1,124 crore versus Rs 1,025 crore; operating EBITDA at Rs 18 crore versus EBITDA loss of Rs 2 crore (YoY).

TeamLease: Q1 profit increases 2.8 percent to Rs 22 crore versus Rs 21.2 crore; revenue rises 4.5 percent to Rs 1,021.3 crore versus Rs 977.5 crore (QoQ).

Symphony: Q1 profit falls 49 percent to Rs 20 crore versus Rs 39 crore; revenue slips 23.2 percent to Rs 146 crore versus Rs 190 crore (YoY).

Hexaware: Q2 consolidated profit rises 14 percent to Rs 154 crore versus Rs 134.3 crore; revenue increases 8.4 percent to Rs 1,136.7 crore versus Rs 1,049 crore (QoQ).

Borosil Glass Work: Q1 profit jumps to Rs 11.05 crore versus Rs 5.30 crore; revenue surges to Rs 72.24 crore versus Rs 50.09 crore (YoY).

Rane Brake Lining: Q1 profit falls to Rs 6.57 crore versus Rs 7.32cr

25/07/2018

ET NOW BROKERAGE RADAR

CLSA ON ASIAN PAINTS: ET NOW
Good growth with strong margin expansion
Revise our target price, from Rs1,460 to Rs1,600
Stock is up 25% in three months, forcing us to downgrade
Domestic decorative volumes rose 12-13% in 1Q

CLSA ON INFO EDGE: ET NOW
Naukri revenue as well as billing growth recover
99acres growth momentum maintained
Zomato zooms; PolicyBazaar the fourth engine
Reiterate BUY as outlook improves across four drivers
Maintain Buy target at 1700

CLSA ON ICICI PRU LIFE: ET NOW
Expect ICICI Pru Life to deliver 16% Cagr in premium
Retain our BUY rating with a target price of Rs560
ROEV of 18-19% and EV Cagr of 12%
Margins have expanded by 950bps to 17.5%

CLSA ON UNITED SPIRITS: ET NOW
Cutting EPS by 6-7%; maintain Outperform
Maintain Outperform target cut to 650 from 800
Strong GM expansion but one-offs continued to impact Ebitda

CITI ON UNITED SPIRITS: ET NOW
Underlying EBITDA missed ests adjusting for one-offs
Maintain Sell, target at 500
Mgmt noted that GP margins will see modest improvement from here on
Cut EPS ests by 4-13% over FY19/20E

CITI ON ASIAN PAINTS: ET NOW
Mixed trends in non-domestic decorative businesses
Revise our TP to Rs1,480 vs Rs1,240
Raise earnings 3-4% tweaking growth assumptions
See a margin impact as high cost inventory gets consumed

CITI ON ICICI PRU LIFE: ET NOW
Ulip drags growth, partly on a high base
Maintain BUY with TP of INR 525
VNB margin continued to expand (from 16.5% in FY18 to 17.5%)
VNB margins expand backed by a rising share of protection
We will watch for a pick-up in new premium growth

NOMURA ON ICICI PRU: ET NOW
Maintain Buy and remains top insurance pick target 550
Improvement in persistency and surrender rates – positive catalyst
VNB margins – see more legs for improvement
Factor in VNB margins to improve to 19.5% by FY20F

MOTILAL ON GSK: ET NOW
Strong revenue growth improves operating leverage
Brands in Derma and Gastro-intestinal led growth for the quarter
GLXO on track for commis

25/07/2018

Economic Times



Business Standard

Ø 4,387 large borrowers account for 90% of NPAs

Ø Trump plans $121 bn aid to farmers hit by tariffs

Ø Financial creditors recover over Rs 47,000 cr under IBC

Ø Not considering any farm loan waiver: Centre

Ø Government asks RBI to suggest on PSU Bank merger

Ø Adani sees six-fold rise in coal mining volume

Ø Benami properties worth Rs 4,300 crore attached: Govt



Ø India money in Swiss banks fell 80% since 2014, says Piyush Goyal

Ø Sebi proposes three-phase process for re-classification of promoters

Ø Govt mulls selling $2.6 billion NHPC stake to state-run peer NTPC Ltd

Ø JSW Steel aims to turn around insolvent Monnet Ispat in a year

Ø Wistron to invest Rs 30 billion for second iPhone unit in Bengaluru

Business Line



Mint

Ø 10.9 mt fertiliser offtake till June, says Govt

Ø Arysta deal: Moody’s announces positive outlook for UPL

Ø Dr Reddy’s retrenches ‘hundreds’ across locations

Ø Vodafone, Idea settle DoT dues of Rs.7,248 crore

Ø Consensus around telecom monopolisation at this point is not justified: TRAI Chairman



Ø RBI has wide-ranging powers to regulate public sector banks, says govt

Ø USL’s Q1 profit jumps 29% to Rs.81.3 crore

Ø Rosneft files $1.4 billion lawsuit against Sakhalin-1 firms ONGC Videsh, others

Ø McDonald’s recycles used oil to power trucks in sustainability push

Financial Express



Financial Chronicle

Ø Government issues preliminary notices to 272 companies for CSR violations

Ø Drugs Prices Control Order 2013 helped save whopping Rs 11,463 crore to public, says government

Ø SFIO receives complaints against ICICI Bank, L&T

Ø SEZ rules may be aligned with GST laws by July-end: Official



Ø House panel suggets strong norms for exemption to PF trusts

Ø Bank finance to jewellery sector drops by 10%

Ø US firms face off with Paytm in lobbying against data storage rules

Ø BSNL aims Rs 650 crore revenue in FY19 from VNO partnerships

17/07/2018

*SGX Nifty +4 pts (10951) from last trade 10947 ,*

Nikkei +126 pts ,
Hangseng -88 pts ,
Now @6.52am .

Dow +44.95 pts ,Nsdq -20.26 pts , S&P -2.88 pts , Bovespa +58 pts , Ftse -61 pts , Dax -20 pts , Cac -19 pts , Crude @ $67.99 brl (-0.07), Brent @ $71.84 brl (-0.02) , Gold @ 1240.40 (+0.70), Silver @ $15.81 (+0.00), Euro @ $1.1706, JPY @ $112.3700, INR @ $68.555

Today's Corporate Action
17th July Ex Date

ALFREDHE
Dividend - Rs. - 2.5000
ATFL
Dividend - Rs. - 2.5000
DBCORP
Buy Back of Shares
DIXON
Final Dividend - Rs. - 2.0000
EMPIND
Dividend - Rs. - 25.0000
EVERESTIND
Dividend - Rs. - 6.5000
GEOJITFSL
Final Dividend - Rs. - 2.0000
GET&D
Dividend - Rs. - 1.8000
JKCEMENT
Dividend - Rs. - 10.0000
KRONE
Dividend - Rs. - 4.0000
NOCIL
Dividend - Rs. - 2.5000
PONNIERODE
Dividend - Rs. - 1.0000
RML
Final Dividend - Rs. - 7.5000
SHRIRAMCIT
Final Dividend - Rs. - 12.0000
SYNGENE
Final Dividend - Rs. - 1.0000
TCS
Interim Dividend - Rs. - 4.0000
TRITONV
Dividend - Rs. - 15.0000
VINATIORGA
Dividend - Rs. - 4.5000

Today's Key Result
NET PROFIT ESTIMATES
17th July

ZEE Ent ( 350 Cr +39% Yoy Res During Mkt)
Source Cogencis

Today's Board Meeting

Jul 17 5Paisa Capital Ltd, earnings for quarter ended June.

Jul 17 Ashok Leyland Ltd, earnings for quarter ended June and Dividend.

Jul 17 Atishay Ltd, earnings for quarter ended June.

Jul 17 Crisil Ltd, earnings for quarter ended June.

Jul 17 Federal Bank Ltd, earnings for quarter ended June.

Jul 17 Goa Carbon Ltd, earnings for quarter ended June.

Jul 17 Hindustan Media Ventures Ltd, earnings for quarter ended June.

Jul 17 ICICI Lombard General Insurance Co Ltd, earnings for quarter ended June.

Jul 17 Indian Metals & Ferro Alloys Ltd, earnings for quarter ended June.

Jul 17 Integrated Capital Services Ltd, earnings for quarter ended June.

Jul 17 Jindal Stainless Ltd, earnings for quarter ended June.

Jul 17 Muthoot Capital Services Ltd, earnings for quarter ended June and
Dividend.

17/07/2018

Economic Times



Business Standard

Ø Users have right on their data not cos: Trai

Ø IMF cuts India's growth projection, but it's still on top

Ø Productive US-Russia talks good for world: Trump

Ø India, Iran discuss impact of US sanctions on oil trade

Ø ICICI Bank decides to postpone AGM by a month

Ø India recommends safeguard duty on solar cells

Ø BSNL to roll out 5G service with global launch: Anil Jain



Ø Hindustan Unilever Q1 profit up 19% to Rs 15.29 bn, income rises 3%

Ø Sebi extends deadline to Sept 30 for RTAs to collect PAN, bank details

Ø LIC board gives nod to acquisition of up to 51% stake in IDBI Bank: Garg

Ø Buyback withdrawals by companies pose headache for Sebi, investors

Ø China files WTO challenge to Donald Trump's $ 200 bn tariff plan

Business Line



Mint

Ø WPI hits 54-month high, jumps to 5.77% in June

Ø Moody’s warns of higher SME LAP delinquencies on rising rates

Ø Centre may take up fresh valuation of Air India

Ø Sugar output seen at a new high of 355 lakh tonnes in 2018-19

Ø Lupin gets UK health regulator’s approval for Goa facility

Ø China Q2 GDP growth slows, meet forecast



Ø IDBI Bank board may soon clear preferential share allotment to LIC

Ø Fitch sees IOC’s net debt levels rising due to large capex

Ø TCS eyes $200 million in revenue from blockchain in FY19

Ø Hotel firm’s lawsuit a challenge for Infosys’s hiring plans in US

Ø Sensex drops 217 points on sell-off in banking, pharma stocks

Financial Express



Financial Chronicle

Ø PhonePe acquires Zopper Retail for undisclosed account

Ø FMCG major HUL to go for ‘judicious’ hike to ward off inflation

Ø Scam-hit PNB opens 2nd centralised loan processing centre for better monitoring

Ø India invites investments from Omani companies



Ø PE investments in real estate see a quantum jump

Ø Ashok Leyland forms new division for customers

Ø Office assets witness inflow of `57,300 cr since 2011

Ø 10% duty sought to curb aluminium