Friday, July 31, 2015

Nifty to open in Positive today

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The Indian Stock market made some tough grow on July series' F&O expiry while worldwide signs sustained post Federal Open Market Committee (FOMC) meet by keeping rates unmoved. The Nifty was at 8421.80, gain 46.75 points or 0.6% while the Sensex picked 141.92 points or 0.5% at 27705.35.The green uptick is expected to maintain today too with the SGX Nifty, a gauge of the market opening, trading at 8496, gain 23 points at 7:20.

Crude prices held stable after a larger-than-expected illustrate drop in US crude stockpiles was unbiased by a stronger dollar. Precious metal gold's rates fallen on dollar grows. Back home, in significant earnings, Larsen and Toubro (L&T) would note its first quarter (Q1) numbers today. The earnings can upset on a high base. Its merged revenue is likely to fall 14% with a reputed profits expansion.

Banking strong, ICICI Bank too would note numbers today. According to a CNBC-TV18 poll, the Net Interest Income (NII) is anticipated to increase 15% while revenue may see 10% expansion. The provisions are anticipated to stay elevated.

Worldwide signs, meanwhile, were varied with the US shares closing narrowly varied as shareholders digested more earnings and second-quarter (Q2) GDP; a day after the Fed left interest rates unmoved. In financial reports, US gross domestic product (GDP) came in at 2.3%. European shares ended upper after an onslaught of earnings. But Spanish shares underperformed to close poorer. Asian markets, meanwhile, are varied in early trade tracking a soft US lead.

In other asset classes, the dollar picked as reports of quicker US monetary growth in the second quarter (Q2) supported the notion that the Fed will increase interest rates, maybe as early as September.

Stocks in news: ICICI, L&T, Kotak Mah Bank, Rel Comm, HCC

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Colgate Palmolive Q1:
Net Profit Down 15.3% At `114.3 Cr Vs `134.9 Cr (YoY)
Total Income Up 5.5% At `1,010 Cr Vs `956.9 Cr (YoY)
EBITDA At `202 Cr Vs `194 Cr (YoY)
EBITDA Margins At 20% Vs 20.2% (YoY)
One-time Loss Of `31.3 Cr

Kotak Mahindra Bank Q1 
Cons Net Profit At `517 Cr Vs `698.3 Cr (YoY)
Gross NPA At 2.04% Vs 1.56% (QoQ)
Net NPA At 0.93% Vs 0.79% (QoQ) 
Gross NPA At `2,595 Cr Vs `1,392 Cr (QoQ)
Net NPA At `1173 Cr Vs `697.4 Cr (QoQ)
Cons NII At `2,163.5 Cr Vs `1,510 Cr (YoY)
Provisions At `322 Cr Vs `78 Cr (QoQ); `27 Cr (YoY)
Standalone Net Profit At `189.8 Cr Vs `429.8 Cr (YoY)
Standalone NII At `1,598 Cr Vs `1,002 Cr (YoY)
Standalone Net Interest Margin At 4.18% Vs 5% (YoY)
Cons Net Interest Margin At 4.29% Vs 5% (YoY)

Kotak Mahindra Bank Says
Merger With ING Vysya Bank Is Extremely Value Accretive
Expect Incremental Credit Cost Of 50 bps For Rest Of FY16
May Complete ING Vysya Integration Process By April Next Year
Saw Savings Growth Of Over 30% In Combined Sheets 
Have Already Integrated Treasury Books 
Will Integrate Corporate Books Followed By Retail 
Continue To Focus On Conservative Standards On Accounting

Greaves Cotton Q1
Net Profit At `43.3 Cr Vs `28.7 Cr (YoY)
Total Income At `380.7 Cr Vs `422.5 Cr (YoY)
EBITDA At `62 Cr Vs `47 Cr (YoY)
EBITDA Margin At 16.4% Vs 11.1% (YoY)

Net Profit Down 70.5% At `8 Cr Vs `27.1 Cr (YoY)
Total Income Down 6.6% At `975 Cr Vs `1,043.5 Cr (YoY)

JM Financial Q1
Cons Net Profit Up 24% At `72.3 Cr Vs `58.3 Cr (YoY)
Cons Total Income Up 46.3% At `382.8 Cr Vs `261.6 Cr (YoY)

Ashoka Buildcon Q1 
Net Profit At `46.5 Cr Vs `33.8 Cr (YoY)
Total Income At `475.1 Cr Vs `547.9 Cr (YoY)

Tata Tele (Maha) Q1 
Net Loss At `103.3 Cr Vs Loss Of `163.9 Cr(QoQ)
Total Income At `750.7 Cr Vs `746 Cr (QoQ)

Glenmark Pharma Q1 
Cons Net Profit At `191 Cr Vs `184.4 Cr (YoY)
Cons Revenue At `1,655 Cr Vs `1,487 Cr (YoY)
Cons EBITDA At `359.6 Cr Vs `342.3 Cr (YoY)
Cons India Revenue Up 19% At `473 Cr Vs `397.2 Cr (YoY)
Cons US Revenue Up 15% At `561 Cr Vs `488.7 Cr (YoY)
Cons Europe Revenue Up 12.4% At `110 Cr Vs `97.7 Cr (YoY)
Cons Rest Of The World Revenue Down 25.2% At `158 Cr Vs `211.3 Cr(YoY)
Cons LatAm Revenue Up 86% At `218.5 Cr Vs `107.6 Cr (YoY)
Cons API Revenue Down 6.6% At `135 Cr Vs `144.5 Cr (YoY)

V-Mart Retail Q1
Net Profit Up 24.4% At `11.2 Cr Vs `9 Cr (YoY)
Total Income Up 24.1% At `204.7 Cr Vs `165 Cr (YoY)

Astra Microwave Q1
Net Profit Down 74.2% At `4.9 Cr Vs `19 Cr (YoY)
Income From Ops Down 47.1% At `99.4 Cr Vs `187.9 Cr (YoY)

Cons Net Profit Down 32.2% At `7.8 Cr Vs `11.5 Cr (YoY)
Cons Total Income Up 4.8% At `416.2 Cr Vs `397 Cr (YoY)

Sutlej Textiles Q1 
Net Profit Down 16.5% At `29.8 Cr Vs `35.7 Cr (YoY)
Total Income Down 5.8% At `463.3 Cr Vs `492 Cr (YoY)

Net Profit Up 15.3% At `17.3 Cr Vs `15 Cr (YoY)
Total Income Up 0.2% At `412.8 Cr Vs `412.1 Cr (YoY)

Exide Industries Q1 
Net Profit Down 16.2% At `155.2 Cr Vs 185.3 Cr (YoY)
Total Income Down 5.8% At `1,799 Cr Vs `1909.3 Cr (YoY)
EBITDA Down 8.6% At `266 Cr Vs 291 Cr (YoY)
Operating Margin At 14.8% Vs 15.2% (YoY)

Gujarat Pipavav Q1
Net Profit At `80.4 Cr Vs `80.5 Cr (YoY)
Total Income Up 9.7% At `184.6 Cr Vs `168.3 Cr (YoY)
EBITDA Flat At `99 Cr (YoY)
Operating Margin At 53.4% Vs 58.8% (YoY)

Excel Industries Q1
Net Profit Up 19.2% At `11.8 Cr Vs `9.9 Cr (YoY)
Total Income Up 2.8% At `124.7 Cr Vs `121.3 Cr (YoY)

Thomas Cook Q1
Cons Net Profit Down 18.9% At `37.8 Cr Vs `46.6 Cr (YoY)
Cons Total IncomeUp 69% At `929 Cr Vs `549.8 Cr (YoY)
Thomas Cook India Acquires Luxe Asia Via Arm Thomas Cook Lanka

Thomas Cook To CNBC-TV18:
Luxe Asia Deal Helps Expand Sri Lanka Footprint Beyond Current FX Business
Believe Sri Lanka Will Be Viewed As Preferred Tourist Destination In South Asia
Luxe Asia Deal Helps Co Channel Its Biz Via One Entity Instead Of Multiple

CNBC-TV18 Exclusive: Tourism Minister Says
There Will Be No Stake Sale In ITDC
Understand Divestment Dept Wanted To Sell Stake In ITDC But We Disagreed 
CNBC-TV18 Alert: Divestment Dept Wanted To Sell 12% Stake In ITDC
ITDC Stake Sale Is Officially Off From The Disinvestment List 
Have Changed Mind On Outright Auction Of 8 Loss Making ITDC Hotels 
Started Exploring Other Options Too Like JVs, Mgmt Contracts, PPP For 8 ITDC Hotels 
8 Hotels Will Be Divested This Fiscal But Yet To Decide Modus Operandi 
The Ashok In New Delhi Will Not Be Divested

FSSAI Rejects Product Approval Applications Of Tata Starbucks, Kellogg, McCain 
FSSAI Rejects Applications Due To Lack Of Sufficient Supporting Documents For Safety Assessment

Defence Minister Says Govt Withdraws Over $20 Bn Tender For 126 MMRCA
CNBC-TV18 Alert: Rafale Was Shortlisted For Tender Of 126 Medium Multi Role Combat Aircraft

DIPP Sources Say
Retail, Brownfield Pharma, Insurance & Pension To Now Get FII Via Auto Route
No Change In Banking Sector w.r.t New Changes On Composite Cap
Defence & Banking Are Strategic Sectors & Hence No Change Was Made
Decided To Retain FII Cap For Banking At 49% After Detailed Consultation

Issues Show-cause Notice To 32 Entities Of Zylog
Confirms Ban On Zylog Systems' Promoters From Trading In Stock Market

Other stocks and sectors that are in news today:
-Reliance Communications - Farallon, Blackstone join list of bidders for 50% stake in Reliance Infratel: BS
-JSWSteel gets shareholders nod to raise `14000 cr (We know about the proposal. This is the shareholders’ nod)
-Thermax plans `460 cr expansion over 2 years in India and Indonesia (BS)
-Reliance Power Moves Delhi High Court Against Cancellation Of Chhatrasal Coal Block
-ED Issues Show-cause Notices To 61 Cos For Violation Of FDI Norms
-RBI Revises Guidelines On Restructuring Of Advances By NBFCs
-DIPP Notifies Composite FDI Caps For Various Industries
-Petronet LNG Appoints Prabhat Singh As MD & CEO
-State Bank Of Travancore Appoints Aravind A As CFO
-Vakrangee Announces Strategic Tie Up With Amazon India For Its Kendra Biz
-ED Registers Money Laundering Case In Antrix-Devas Deal: PTI

Original Article

Thursday, July 30, 2015

Commodity Precious Metals, Energy Review 30 July

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Gold Unable to hold near $1100 Amid Broad Demand Weakness

MCX Gold futures raced gain after the worldwide gold futures bordered upper tracking the US FOMC report previous night. While the Fed reported that it has stirred closer to a rate trek in September, the FOMC report said officials wanted to see “some further improvement in the labor market.

Fed reported that expansion in household spending has been modest and the housing division has shown additional improvement; however, business fixed asset and net exports stayed soft. The labor market sustained to recover, with hard job increases and falling joblessness. This kept gold sustained in US session though the sentiment stay fragile among broad demand doubts and health in US dollar.

Dollar picked further in Asian trades, approaching its 1 week high of 1.0950 against the Euro and dragged gold away from $1100, wiping out the overnight increases. MCX Gold futures for October closed at Rs 24929/10 grams yesterday, beating highs over Rs 25000/10 grams in day rolls. The sustained corrective moves in worldwide markets can stay a tab on the local futures with a smash below Rs 24900 activating further fall in the MCX October series.

Weak physical demand in worldwide markets is keeping the sentiments under test after a latest update from GFMS stated that Global physical gold demand was at its weakest since 2009. Worldwide physical gold demand was at its weakest since 2009, drop 14 Per cent y-o-y in the second quarter (Q2) as little markets note raises and Chinese purchasers stayed away from gold, according to a GFMS Gold review 2015 second quarter (Q2) Update and view.

The review reported that some bright spots appeared for gold from German and Indian demand. The cost way in second quarter (Q2) sustained to be determined by opinion towards US interest rates. China notes improved gold holdings for 1th time in 6 years; an extra 604 tone is within our previous estimates for additional Official division buys and no revisions have been made to GFMS data.

Commodity rates have sustained to drift lesser among depressing rolls in Chinese Stocks. MCX Gold traders are hoping that a drop below the key Rs 25000/10 grams mark can activate some purchasing in domestic retail markets. However, no major boost has been reported in participation from close consumers so far. Next few weeks are unlikely to activate some enthusiasm in domestic sentiments known that it is traditionally a very poor purchasing time.

MCX Crude oil futures for August are anticipated to open on a varied report after recording sharp increases yesterday. WTI crude rushed in overnight trades after the US Energy Information Administration (EIA) recorded a fall in its weekly crude inventories note. A rush in US share also assisted oil. DOW picked more than 100 points after the US Fed implied that it has moved quicker to a time hike in September even though the FOMC report said officials wanted to see “some further improvement in the labor market. However, some selling has appeared in crude in Asian trades today, pulling the commodity below $49/barrel. The counter presently trades at $48.93/barrel, gain 0.31 Per cent on the day. MCX Crude oil futures topped a high of Rs 3177/barrel among a massive day upswing in previous session before closing at Rs 3148/barrel. The agreement can border up towards Rs 3200/barrel today if the worldwide costs hold over $49 mark.

Nifty to look strong support at 8,320

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We think that 8,320 on Nifty are a vital range of pivot sustains to observe out for. We are bouncing back from those ranges. We have had a decent drop. To me, the 1th range on the upside anywhere should be about 8,420-8,425 — provide and take 10-15 points here and there. So, 8,410-8,430 is the level which I will observe out on the positive.

If Nifty fails to get pass it, then perhaps it would resume the weakness trend again or be in the consolidation segment. That said, post recent improvement, with CNX IT and pair of midcap names giving a purchase sign, there are decent chances that the market would still go through the ongoing segment of sideways trend, but with kindly upward predisposition in the next 1 to 2 days.

Eventually, the overall drifts still stay on the weakness. So from upper ranges, I will still seem for some kind of sign of downside. In the small term, you could comfortably add long positions on share specific basis.

Nifty anticipated opening positive today, Global signs optimistic

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The Indian Share market is anticipated to open in the positive today with the SGX Nifty trading at 8393.50, up 14 points at 7:20. The Nifty broke its 4 day losing line to end over 8,350 on Wednesday with the 30-unit BSE Sensex picked 104.20 points at 27563.43 led by short covering in beaten drop shares in the previous 4 sessions.

Back home, the cabinet has cleared the amendments to the Goods and Services Tax bill and has settled to recompense states for five years. Sources said back-channel discussions are on with the Congress party. Cabinet has also cleared the setting up of the national asset and infra fund with a first corpus of Rs 20,000 crore. It has also waved the green flag for foreign investors to put their money into alternative asset funds.

Inkey earnings today according to a CNBC-TV18 poll, ITC revenue may increase 6% to about Rs 2,300 crore. Volumes are anticipated to fall 15-18% due to cost treks. And from the pharma space, muted numbers are anticipated from Dr Reddy’s; the earnings may climb 4%. From the banking division, this would be Q1 of Kotak-ING merged numbers. Analysts anticipate a muted revenue development. While the margins may come off since ING Vysya has lesser margins.

In other worldwide markets, the US Federal Reserve kept charges unmoved, giving no clue of lift-off coming in the next meeting. Policymakers said the wealth is growing reasonably, but made no mention of recent unpredictability about Greece or China. The US markets ended in the Positive with the Dow Jones industrial average closing about 120 points upper. The Nasdaq Composite briefly dished into downbeat territory before trading 1/2 % upper. Asian markets picked in early on trade, taking heart from an optimistic stop on Wall Street and a humble improvement in commodity costs. In European markets, shares finished upper on Wednesday after a buffer day of earnings, while shareholders awaited fresh’s from the Fed. Britain's FTSE 100 ended almost 1.2% upper, while the French CAC and German DAX completed up around 0.8 and 0.3% correspondingly.

Tuesday, July 28, 2015

Agri Commodities Report 28 July

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Sowings Data to Dominate Sentiments

A healthy sowings note joined with warning for weighty rainfall is expected to overlook proceedings present week. The Indian Meteorological Department has issued warnings of weighty to decent deep rainfall in diverse divisions of the country for over next 2 days. Zones where such rainfall is likely to happen are West Madhya Pradesh, East & West Rajasthan, Gujarat, Saurastra & Kutch region. Weighty to Very Heavy rainfall is anticipated to happen in Odisha and Gangetic West Bengal thereafter on Tuesday and Wednesday.

Meanwhile, a revival of the monsoon in July has increased the sowing of kharif crops, records published by the agriculture ministry on Friday demonstrated. Sowing of rain-fed kharif crops has been finished in 69.4 million hectares (ha), nearly 66 Per cent of the normal sowing zone. Sowing present year, till date, is 26 Per cent more than previous year, and superb increases have been reported in pulses and oilseeds acreage. Pulses have been sown in 7.3 million ha so far, contrasted with the 4.8 million ha sown by this time previous year.

The latest publish from United States Department of Agriculture (USDA), the Moscow improved its April 2015's grain production predict by five million metric tons (MMT) to 97 MMT. This predict includes 56 MMT of wheat (3 MMT upper than in the April predict), 16.5 MMT of barley, 12 MMT of corn (gain two MMT), three MMT of rye, five MMT of oats, almost 0.7 MMT of milled rice (1.06 MMT in rough weight), and 3.2 MMT of other grains and pulses. FAS/Moscow predicts grain exports in MY 2015/16 at 29 MMT, a 7% reduce from the record 32 MMT's exports in MY 2014/15, but the 2th maximum in the Russian history. Exports predict contains 21 MMT of wheat, 4 MMT of barley, 3.5 MMT of corn, and around 0.7 MMT of other grains and pulses.

Thus, the total grain crop zone in Russia is likely at 46.2 million hectares, counting 26.36 million hectares below wheat (winter and spring), 8.74 million hectares of barley, and 11.1 million hectares of other grains and pulses. However, the Russian Volga Valley and some eastern pieces of the Central and the South federal districts have been seriously affected by dryness, and the average yields of Russian major grain crops are predict lesser than in MY 2014/15.

Chana to Encounter Stockiest Selling From Higher Levels

Stockiest selling is expected to maintain in chana futures due to stable sowing growth of kharif pulses in major producing regions along with rush in every day arrivals in domestic mandies. The NCDEX Chana futures 4540-4545 range in the close to period.

As per the latest publish from Ministry of Agriculture, the total pulses sown zone as on 24th July improved by 50% to achieve 72.64 lakh tones against 48.22 lakh tones of the previous year in the time. This was mainly due to favorable rainfall in major pulses rising states such as Uttar Pradesh, Maharashtra and Andhra Pradesh.

The costs would also be dampened by healthy supplies in domestic mandies. The daily arrivals of chana at Delhi mandi were stood upper at 50 motors as traders are expecting some likely import of chana from other producing countries.

The NCDEX August Chana futures advanced at Rs 4575/quintal, drop 1.40 Per cent in the previous day. The Commodity NCDEX futures pared 8.50% in open interest signifying liquidation of long position by traders. Technically, selling is liable to appear from the ranges of 4590-4595 ranges, while bears at 4540-4545 scopes in the near term.

Negative terrain for worldwide Markets; Nifty may follow suit

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The Indian Stock market is expected to open in the red today. The SGX Nifty, and gauge of the market opening, was trading at 8320 drop 36 points, at 7:25.The market on Monday sustained its southward journey for the 3th successive session. The 50-unit NSE Nifty closed beneath the 8400 scope, drop 160.55 points at 8361 while the 30-unit BSE Sensex fallen 550.93 points to 27561.38.

The market may not get any positivity from worldwide territories as signs are downbeat with Asian markets trading at multi-week lows amid China unpredictability and as fall in commodities maintains.

US and European shares too ended poorer on Monday under stress from an overnight fall in the Shanghai Composite amid a dull earnings period. In other asset classes, USD chops nearly 1% against major globe currencies. The safe-haven yen held firm in early on trade, as shareholders stayed careful in front of a 2-day US Federal Reserve meeting.

Crude rates fell further, with the Nymex trading end to 4-month lows after share market sell-off rattled shareholders, adding to worries of an oil supply excess. Brent crude dropped beneath USD 54. And precious metal gold is trading close to its 5.5 year lows with prospects for a near-term US interest charge trek seen keeping trend firmly with the stands.

Earnings central

Back home, in important earnings today, Maruti Suzuki is likely to see another healthy quarter led by decent amount expansion and margin development. In a CNBC-TV18 poll, Punjab National Bank (PNB) may see a 21% fall in profits to Rs 1111 crore. And HDFC's profit is likely to be impacted due to poorer other income.

Stocks in news: Maruti, Tech Mah, Just Dial, Torrent Pharma

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Here are stocks that are in news today:

Results today: HDFC, Maruti Suzuki, Punjab National Bank, Dish TV, Thermax, IDBI Bank, Bank of India, Union Bank of India, Syndicate Bank, Blue Star, Tata Communications, Dalmia Bharat, Mahindra Holidays, PI Industries, Pidilite Industries, Shriram City Union, SpiceJet

Bank of India puts on hold funds to rated builders and cos till Sept end (ET)

Moves aimed at saving capital and checking bad loans


International Paper Says

Rajahmundry Unit Resumes Operations After Completion Of Annual Maintenance

AP Pollution Control Board Revokes Closure Order Issued To Rajahmundry Unit


Govt Receives Tepid Response In Round 3 Of Coal Mines Auction

Govt Says

Of 10 Coal Mines Put Up For Auction, Bids Received For 9 Mines

10 Coal Mines Were Identified For The Non-regulated Sector

Minimum 3 Participants Required In The Technical Round

Bidders For Technical Round Received Only For 6 Coal Mines


Divestment Secy Says

PFC OFS Was Subscribed 233%

PFC Offer For Sale Was The First Under New System

Received Bids Worth `3,747 Cr For PFC Share Sale

To Select Merchant Bankers For Future Stake Sales In Coming Weeks

Trying For CPSE ETF 'As Fast As Possible'

FII Sentiment Is Impacted By P-note Scare

FM Has Clarified Stance on P-Note; No Need for Panic

There Is A Lot Of Hope About India

It Is A Difficult & Volatile Market

Govt Would Not Add More Companies to Existing ETF

There Is Retail Appetite for Govt Issues

'FY16 Divestment Target Is an Ambitious Target'

Have Fast-tracked Divestment Process; Will Get More Cabinet Proposals

Will Try Our Best to Meet FY16 Divestment Target

Institutional Bids for PFC Stake Sale Were Higher Than Cut-off


CNBC-TV18 Exclusive: Sources Say

Banks Are Working on a Corrective Action Plan for Electro steel Steels

JLF to Submit Report on ElectrosteelSteels’ Revival Plan In Next 90 Days

Banks Likely to Take over Electro steel Steels & Bring In New Investors

Electro steel Steels’ Lenders Currently In Talks with 2 Investors

One Investor Currently Doing Due Diligence On Electro steel Steels

Electro steel Steels to Remain Standard Account for Next 18 Months as per RBI Rules

CNBC-TV18 Alert: Banks Approved Strategic Debt Restructuring Plan For Electro steel Steels Today


Sources Say

Select Panel on Real Estate Bill Adopts Report

Real Estate Bill Select Panel's Report To Be Tabled In Rajya Sabha This Week


CNBC-TV18 Exclusive:

Cognizant Gives Out Annual Increments across the Board


Sources Say

Cognizant Increments At 2.5-3% For Onshore, 6-9% For Offshore Employees

CNBC-TV18 Alert: Cognizant Increments In Line With Industry Standards, Lower Than TCS


Cognizant To CNBC-TV18

Have Announced Promotions & Salary Revisions w.e.f July

Average Salary Hike For Offshore Associates In 'High Single-digits'

Average Salary Hike For Onshore Associates In 'Low Single-digits'

Salary Revisions Designed To Be Market Competitive

Increments Aligned To Award High Performers & Retain Talent


Sanofi India Says

Virginie Boucinha Steps Down As CFO

Virginie Boucinha Has Taken Up A Senior Position With Sanofi Group In France


Tech Mahindra Q1

Standalone Net Profit Up 90.4% At `817 Cr Vs `429 Cr (QoQ)

Standalone Total Income Up 5.2% At `4,950 Cr Vs `4,707 Cr (QoQ)


Tech Mahindra Q1

Cons Net Profit Up 43.2% At `676 Cr Vs `472 Cr (QoQ)

Cons ` Revenue Up 2.9% At `6,294 Cr Vs `6,116.8 Cr (QoQ)

Cons $ Revenue Up 0.5% At $989 m Vs $984 m (QoQ)

Cons EBIT Up 0.8% At `762 Cr Vs `756.37 Cr (QoQ)

Cons EBIT Margin At 12.1% Vs 12.4% (QoQ)

Cons Other Income At `137 Cr Vs Loss Of `65 Cr (QoQ)


Tech Mahindra Says

Added 1 Client in $20 m+Bracket & 4 Clients In $10 m+ Bracket

Cash & Cash Equivalents at `3,349.6 Cr As On June 30

Total Headcount at 1.03 Lakh; Have Added 392 Professionals In Q1

Active Client Count Stood At 770 In Q1

Q1 Results In Line with Expectations

Remain Hopeful of Improving Performance By Expanding The Business

Remain Positive on US Economy

Uncertainty Was Seen In Europe Biz On Account Of Greek Crisis


Tech Mahindra to CNBC-TV18

Taken A Strategic Decision before Acquiring Cos On Turnaround Plan

Softgen to Take Up To 6-8 Months To Reflect Positively On Balancesheet

LCC Turnaround In Terms Of Numbers To Take Up To 2 Years

Have Seen Gradual Improvement in Efficiency In Acquired Cos

Will Add Value & Growth Capital by Synergy Of Acquisitions

Should Be Able To Increase Utilization To 78% From 74% In 2 Quarters

Working on Containing Margins Over 1-2 Year Time-frame

Put In Place Levers to Expand Margins

Rationalizing Staff, Off-shoring Part of Strategy to Expand Margins

Expect Growth in Communication Biz


Trident Q1

Net Profit Up 88.9% At `61 Cr Vs `32.3 Cr (YoY)

Total Income Down 3.7% At `879.1 Cr Vs `913.2 Cr (YoY)


OCL India Q1

Net Profit Up 35.2% At `48.8 Cr Vs `36.1 Cr (YoY)

Total Income Up 25.3% At `678.6 Cr Vs `541.7 Cr (YoY)


Tourism Fin Corp Q1

Net Profit Down 13.7% At `16.4 Cr Vs `19 Cr (YoY)

Total Income Down 6% At `47 Cr Vs `50 Cr (YoY)


Ambuja Cements Q2

Net Profit Down 44.6% At `226.3 Cr Vs `408.7 Cr (YoY)

Total Income Down 7.7% At `2,510 Cr Vs `2,720 Cr (YoY)

Operating Profit Down 34.7% At `384 Cr Vs `587.8 Cr (YoY)

Operating Margin At 15.3% Vs 21.6% (YoY)

Other Income At `106 Cr Vs `138.1 Cr (YoY)

Sales Volume Up 1.6% At 5.88 mt Vs 5.79 mt (YoY)

Net Sales Down 8% On Back Of Decrease In Selling Price By 10%


Ambuja Cements Board Approves Merger Of Arm Dirk IndiaWith Co w.e.f April 1

Ambuja Cements Says Mixed Macroeco Indicates Sluggish Growth In Cement Demand In Short-term

Subros Q1

Net Profit Up 21.2% At `4 Cr Vs `3.3 Cr (YoY)

Total Income Up 2.9% At `295.2 Cr Vs `286.9 Cr (YoY)


Jagran Prakashan Q1

Cons Net Profit At `180 Cr Vs `55.1 Cr (YoY)

Cons Total Income Up 9.3% At `481.1 Cr Vs `440.3 Cr (YoY)


Torrent Pharma Q1

Cons Net Profit Up 75.4% At `449 Cr Vs `256 Cr (YoY)

Cons Total Income Up 74.8% At `1,947 Cr Vs `1,114 Cr (YoY)

Cons EBITDA At `909 Cr Vs `345 Cr (YoY)

Cons EBITDA Margin At 46.7% Vs 31% (YoY)


Mahindra CIE Q1

Net Profit Down 49.4% At `16.2 Cr VS `32 Cr (QoQ)

Total Income Up 0.5% At `415.9 Cr Vs `414 Cr (QoQ)


KEC International Q1

Cons Net Profit At `30.4 Cr Vs `11.4 Cr (YoY)

Cons Total Income Up 9.1% At `1,878 Cr Vs `1,720.7 Cr (YoY)


Just Dial Q1

Net Profit Up 18.1% At `33.2 Cr Vs `28.1 Cr (YoY)

Total Income Up 24.9% At `168.6 Cr Vs `135 Cr (YoY)

EBITDA Up 42.4% At `48 Cr Vs `34 Cr (YoY)

EBITDA Margin At 28.7% Vs 25.2% (YoY)


Other stocks and sectors that are in news today:

Venky’s under FSSAI scanner, scales back supply of poultry products (ToI)

ICICI Bank to sell NPAs worth `1000 cr from Tulip Telecom, Falcon to asset reconstruction cos

Bajaj Holdings’ plans to buy majority stake in Maharashtra Scooters hits Western Maharashtra Development Corp (WMDC) roadblock (FE)

SAIL’s special unit at Salem signs MoU with Butterfly Group (BS)

Pharma Export Council Says EU Ban On 700 Generic Drugs To Impact Pharma Exports Worth $1.2 Bn From India

Supreme Industries Board Approves Raising FIIs/RFPIs Limit Up To 30%

Electrosteel Steels: JLF Gives In-principle Approval To Invoke Strategic Debt Restructuring

Power Grid Board Approves Investment Proposal Worth `307.2 Cr

Nestle Vs FSSAI Case Update: Bombay High Court ToContinue Hearing The Case today

Axis Bank Signs $200 m Bilateral Loan With Asian Development Bank

NALCO Says Tapan Kumar Chand Appointed As Chairman-cum-Managing Director

Coromandel International Board Elects Uday Chander Khanna As Chairman Of The Board

IFCI Cuts Its Benchmark Rate From 12.20% To 12% p.a. w.e.f. July 27

IT Secretary RS Sharma Appointed TRAI Chairman

Johnson & Johnson, Google joint venture plan gets CCI nod

Govt Sources to Reuters: Govt Decides To Impose 10% Import Duty On Wheat

Original Article