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Monday, November 25, 2013
Sunday, November 24, 2013
Thursday, November 21, 2013
Wednesday, November 20, 2013
Sugar stocks in focus after crisis in UP
Shares of sugar manufacturers based in Uttar Pradesh (UP) will be watched after private mills, including Bajaj Hindusthan, Triveni Engineering & Industries, Oudh Sugar Mills, and Upper Ganges Sugar & Industries, among others, announced suspension of operations, following an impasse over announcement of state sugarcane price. Sugar mills officially declared that the sugar industry of the state would stand non-operative till the Rangarajan formula is adopted to fix the cane price.
Ashok Leyland said after market hours on Tuesday, 19 November 2013, that its board approved the scheme of amalgamation of Ashley Services (100% subsidiary - transferor company) with Ashok Leyland (transferee company), subject to approval of regulatory authorities as required and the High Court of Judicature, Madras.
Tata Motors is reportedly planning to launch a new hatchback and a sub-4 metre sedan powered by an all-new 1.2 litre turbocharged petrol engine in 2014 to cash in on the popularity of petrol cars. These two new products will be the first few major product offerings from Tata Motors in the last 3-4 years since the launch of the Aria crossover in 2010-11, the media report added.
Shriram EPC said it bagged multiple orders aggregating to Rs 214 crore. The company won an order worth Rs 157 crore from Bharat Petroleum Corporation (BPCL) for undertaking civil works at its Kochi refinery. Further, it bagged two orders aggregating to Rs 57 crore from Municipal Corporation of Brihanmumbai for rehabilitation of underground sewers.
HIL said that the contract labour at the company's Golan unit have not been reporting to duty since 15 November 2013 onwards without specifying any valid reasons, which has hampered operations at the said unit. The discussions with the contractor and the contract labour are in progress and the company is making all efforts to amicably resolve this issue as soon as possible.
Rohit Ferro-Tech said that the Pt Bara Prima Mandiri (BPM) having a Coking Coal mine located in Central Kalimantan Province of Indonesia owned by the company through its wholly owned subsidiary SKP Overseas, Singapore has started commercial sales on 19 November 2013 by shipping its first cargo to China.
The company said it is in the process of finalising one of the largest mining contractors in Indonesia for expanding the production to reach at the optimum production capacity by March 2014.
Rohit Ferro-Tech said it has targeted to produce around 500000 MT of Coking Coal per year from the open cast reserves. Considering the huge potential in underground mining the company is also doing a further techno-commercial study to enhance the capacity in coming years, it added.
Market likely to open lower
The market is likely to open lower on negative Asian stocks. Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could fall 26 points at the opening bell. Asian shares declined on Wednesday as investors adopt a cautious stance ahead of the Fed meeting minutes.
Tata Motors is reportedly planning to launch a new hatchback and a sub-4 metre sedan powered by an all-new 1.2 litre turbocharged petrol engine in 2014 to cash in on the popularity of petrol cars. These two new products will be the first few major product offerings from Tata Motors in the last 3-4 years since the launch of the Aria crossover in 2010-11, the media report added.
Ashok Leyland said after market hours on Tuesday, 19 November 2013 that the board of directors of the company at its meeting held on 19 November 2013, approved the scheme of amalgamation of Ashley Services (100% subsidiary - transferor company) with Ashok Leyland (transferee company), subject to approval of regulatory authorities as required and the High Court of Judicature, Madras.
Key benchmark indices eked out small gains in lacklustre trade on Tuesday, 19 November 2013. The S&P BSE Sensex garnered 40.08 points or 0.19% to 20,890.82, its highest closing level since 6 November 2013.
Foreign institutional investors (FIIs) bought shares worth a net Rs 1014.61 crore on Tuesday, 19 November 2013, as per provisional data from the stock exchanges.
On the political front, an unprecedented 78.50% of the nearly 1.40 crore electors voted in the second phase of polling for the Assembly elections in Chhattisgarh on Tuesday, 19 November 2013. The first phase of elections in the 90-member assembly on 11 November 2013 had seen polling of 75.53%.
Asian shares declined on Wednesday as investors adopt a cautious stance ahead of the Fed meeting minutes. Key benchmark indices in Taiwan, China, Japan, Indonesia and South Korea fell by 0.1% to 0.55%. Key benchmark indices in Hong Kong and Singapore rose 0.04% to 0.33%.
Japanese exports rose 18.6% from a year earlier in October to 6.105 trillion yen, the Ministry of Finance said Wednesday, marking the eighth straight month of expansion. In September, exports rose 11.5% on year.
US stocks pulled back on Tuesday, as investors showed caution after the Dow Jones Industrial Average and S&P 500 failed to hold above milestone levels in the prior session.
Investors will closely watch US Federal Reserve's FOMC minutes due to be released today, 20 November 2013 for any fresh clues on Fed monetary policy moves upcoming. The minutes will be from the October 29-30 meeting.
Federal Reserve Chairman Ben Bernanke indicated Tuesday that the US central bank would like to move away from using its balance sheet to help the economy and focus more on “forward guidance” about keeping short-term rates low, but the timing of this shift remains an open question.
Bernanke said the timing of the Fed's tapering of monetary stimulus still depends on further improvement in employment data and a pickup in inflation toward the central bank's 2% target.
The Federal Reserve would like to move away from using its balance sheet to help the economy and focus more on "forward guidance" about keeping short-term rates low, but the timing of this shift remains an open question, said Federal Reserve Chairman Ben Bernanke on Tuesday. Bernanke was much clearer about the central bank's plan for short-term rates, saying the Fed would likely hold short-term rates near zero well after the economy reaches the 6.5% unemployment rate that is the threshold for considering a rate increase. In new language, Bernanke said rates could even stay near zero until "the preponderance of the data supports the beginning" of tightening.
Friday, November 08, 2013
Diwali Dhamaka 12 Stocks
ecommendation snapshot
| Company |
Sector |
Mkt Cap (Rs bn) |
Weight (%) |
CMP (Rs) |
Target (Rs) |
Upside (%) |
| Cipla |
Pharmaceuticals |
332 |
10.0 |
413 |
482 |
16.7 |
| Emami |
FMCG |
111 |
9.0 |
497 |
576 |
15.9 |
| HDFC Bank |
BFSI |
1,628 |
10.0 |
681 |
777 |
14.1 |
| Hero Motocorp |
Auto |
417 |
7.0 |
2,078 |
2,350 |
13.1 |
| Hindalco |
Metals |
237 |
6.0 |
115 |
129 |
12.2 |
| Idea |
Telecom |
563 |
8.0 |
172 |
200 |
16.3 |
| Infosys |
IT |
1,909 |
10.0 |
3,310 |
3,744 |
13.1 |
| ING Vysya |
BFSI |
111 |
8.0 |
589 |
712 |
20.9 |
| M&M |
Auto |
409 |
8.0 |
888 |
1,041 |
17.2 |
| Reliance |
Oil & Gas |
2,907 |
10.0 |
915 |
1,027 |
12.2 |
| Shriram Transport Fin |
BFSI |
139 |
6.0 |
611 |
722 |
18.2 |
| Wipro |
IT |
1,173 |
8.0 |
478 |
576 |
20.5 |
Thursday, November 07, 2013
Wednesday, November 06, 2013
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