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After opening the day in green, share markets in India witnessed volatile trading activity throughout the day and ended the day on a negative note. Sectoral indices traded in red, with stocks in the capital sector and stocks in the pharma sector, leading the losses.

At the closing bell, the BSE Sensex stood lower by 115 points (down 0.3%) and the NSE Nifty closed down by 30 points (down 0.3%). The BSE Mid Cap index ended the day down 0.5%, while the BSE Small Cap index ended the day down by 0.8%.

The rupee was trading at Rs 68.11 against the US$ in the afternoon session. Oil prices were trading at US$ 73.29 at the time of writing.

Asian stock markets finished mixed. As of the most recent closing prices, the Hang Seng was down by 1.4% and the Shanghai Composite was down by 1.4%. The Nikkei 225 was up by 0.6%. Meanwhile, European markets, were trading on a negative note. The FTSE 100 was flat. The DAX, was down by 1% while the CAC 40 was down by 0.5%

In news from the energy sector. According to a leading financial daily, India's solar capacity grew by more than 70% in 2017-18 as compared to the previous year.

India's total solar installation was 10.4 GW, the rest comprising rooftop solar plants and off-grid solutions, taking the country's cumulative solar capacity to 24.4 GW.

Solar capacity addition in 2017-18 was higher than that of all other energy sources, both conventional and renewable, combined, the report notes. In comparison coal and wind only added 4.6 GW and 1.7 GW respectively.

Renewable Energy Generation Target Over the Years

In 2018-19, the government is eyeing 22,150 MW power capacity addition from renewables, including 16,000 MW (solar), 5,200 MW (wind), 850 MW (biomass) and 100 MW from small hydro power (of up to 25 MW). Moreover, the increased use of indigenous renewable resources is expected to reduce India's dependence on expensive imported fossil fuel.

Of the many industries facing disruption, energy sector tops the list. It's not just the oil and gas prices. The rise of renewable energy, especially solar energy, is an emerging threat for conventional energy companies.

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Does this mean every direct player in solar sector stands to gain?

We don't think so. In India itself, solar tariffs are dropping to record lows. Solar developers recently bid a record low tariff of Rs 2.44 per unit. With average tariffs for thermal plants hovering at Rs 3.2 per unit, solar tariffs are nearly 25% cheaper.

As the solar developers get aggressive to win bids, we wonder if the projects are even viable at these ultra-low rates.

This is another example where rise in an industry may not benefit the direct players. That said, there could be some indirect players that could gain from the government's ambition to add 100 GW of solar power capacity till 2022.

These indirect companies, that stand to gain from supplying to a rising trend or direct players are what Hidden Treasure team hunts for.

Moving on to news from the aviation sector. In an effort to meet the rising demand, the government is considering several ways to boost infrastructure in the Indian aviation sector.

Reportedly, the government is looking at ways to build new airports, which include massive investment of around Rs 1 trillion and development of airports within smaller parcels of land.

The government is facing issues in procuring land for airports due to growing air traffic.

This could be seen as a boost for airlines as it would open up new destinations for domestic carriers to fly to.

Air travel has recorded double-digit growth for 40 consecutive months, thanks to low fares, the addition of new flights/destinations, and overall growth in the economy.

What's foreseeable for India's aviation traffic in 2018 is some pressure on the back of the consistent rise in crude oil prices. Earlier this month, Brent crude oil briefly breached US$80 per barrel and touched its highest level since December 2014. Crude prices have been driven up by production curbs in OPEC nations and Russia, as well as by robust demand on the back of healthy global economic growth.

Oil prices are closely monitored by the Indian air carriers, as aviation turbine fuel is their single largest input cost. A sharp rise in the cost of fuel puts pressure on margins, and consequently an increase in air fares.

Although air travel is becoming the new normal, investors need to understand the industry dynamics before buying up aviation stocks.



This article (Sensex Ends Volatile Day in Red; Pharma Stocks Lose Most) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.



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JINDAL STAINLESS (HISAR) share price has plunged 5% and is presently trading at Rs 157.

Meanwhile, the BSE METAL Index is at 13,149 (Down 0.6%).

Among the top losers in the BSE METAL Index today is JINDAL STAINLESS (HISAR) (down 5.04%)

VEDANTA LTD (up 0.37%) is among the top gainer today.

Over the last one year, JINDAL STAINLESS (HISAR) has moved up from Rs 125 to Rs 157, registering a gain of Rs 32 (up 25.50%).

The BSE METAL has moved up from 11,343 to 13,149, registering a gain of 1,806 points (up 15.92%) during the last 12 months.

The top gainers among the BSE METAL Index stocks during this same period were JINDAL STEEL & POWER (up 79.35%), JSW STEEL (up 67.55%) and SAIL (up 43.47%).

What About the Benchmark Indices?

The BSE Sensex is at 35,679 (down 0.26%). The top gainers among the BSE Sensex stocks today are ICICI BANK (up 1.50%), HDFC (up 0.75%) and ADANI PORTS & SEZ (up 0.74%). Other gainers include RELIANCE IND. (up 0.69%) and VEDANTA LTD (up 0.37%). The most traded stocks in the BSE Sensex are ADANI PORTS & SEZ and ICICI BANK.

In the meantime, NSE Nifty is at 10,810 (down 0.30%). ICICI BANK (up 1.59%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 31,298 to 35,679, registering a gain of 4,381 points (up 13.29%).



This article (JINDAL STAINLESS (HISAR) plunges by 5%; BSE METAL Index Down 0.6%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.



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HIND. CONSTRUCTION share price has plunged 5% and is presently trading at Rs 14.

Meanwhile, the BSE REALTY Index is at 2,180 (Down 0.3%).

Among the top losers in the BSE REALTY Index today is HIND. CONSTRUCTION (down 5.34%)

PHOENIX MILL (up 1.66%) and OMAXE LTD (up 0.90%) are among the top gainers today.

Over the last one year, HIND. CONSTRUCTION has moved down from Rs 41 to Rs 14, registering a loss of Rs 27 (down 66.13%).

The BSE REALTY has moved up from 2,094 to 2,180, registering a gain of 86 points (up 4.11%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were PHOENIX MILL (up 44.25%), GODREJ PROPERTIES (up 34.77%) and OBEROI REALTY (up 34.10%).

What About the Benchmark Indices?

The BSE Sensex is at 35,679 (down 0.22%). The top gainers among the BSE Sensex stocks today are ICICI BANK (up 1.81%), ADANI PORTS & SEZ (up 0.97%) and HDFC (up 0.73%). Other gainers include RELIANCE IND. (up 0.69%) and HDFC BANK (up 0.45%). The most traded stocks in the BSE Sensex are ADANI PORTS & SEZ and ICICI BANK.

In the meantime, NSE Nifty is at 10,810 (down 0.34%). ICICI BANK (up 1.57%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 31,298 to 35,679, registering a gain of 4,381 points (up 13.33%).

HIND. CONSTRUCTION Financial Update...

HIND. CONSTRUCTION net profit declined 35.8% YoY to Rs 201 million for the quarter ended March 2018, compared to a loss of Rs 313 million a year ago. Net Sales rose 17.2% to Rs 14.4 billion during the period as against Rs 12.3 billion in January-March 2017.

For the year ended March 2017, HIND. CONSTRUCTION reported 109.7% increase in net profit to Rs 8.9 billion compared to net profit of Rs 4.2 billion during FY16.

Revenue of the company grew 15.5% to Rs 99 billion during FY17.

The current Price to earnings ratio of HIND. CONSTRUCTION, based on rolling 12 month earnings, stands at 16.9x.

This article (HIND. CONSTRUCTION plunges by 5%; BSE REALTY Index Down 0.3%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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BALRAMPUR CHINI share price has plunged 5% and is presently trading at Rs 71.

Meanwhile, the BSE 500 Index is at 14,758 (Down 0.3%).

Among the top losers in the BSE 500 Index today are BALRAMPUR CHINI (down 5.12%) and HIMACHAL FUTURISTIC (down 6.19%)

VIP INDUSTRIES (up 4.08%) and TVS SRICHAKRA (up 4.04%) are among the top gainers today.

Over the last one year, BALRAMPUR CHINI has moved down from Rs 147 to Rs 71, registering a loss of Rs 76 (down 51.53%).

The BSE 500 has moved up from 13,363 to 14,758, registering a gain of 1,395 points (up 10.44%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 1028.87%), GRAPHITE INDIA (up 445.32%) and RADICO KHAITAN (up 195.59%).

What About the Benchmark Indices?

The BSE Sensex is at 35,679 (down 0.22%). The top gainers among the BSE Sensex stocks today are ICICI BANK (up 1.81%), ADANI PORTS & SEZ (up 0.97%) and HDFC (up 0.73%). Other gainers include RELIANCE IND. (up 0.69%) and HDFC BANK (up 0.45%). The most traded stocks in the BSE Sensex are ADANI PORTS & SEZ and ICICI BANK.

In the meantime, NSE Nifty is at 10,810 (down 0.34%). ICICI BANK (up 1.57%) and ZEE ENTERTAINMENT (up 0.94%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 31,298 to 35,679, registering a gain of 4,381 points (up 13.33%).

BALRAMPUR CHINI Financial Update...

BALRAMPUR CHINI net profit declined 169.5% YoY to Rs 427 million for the quarter ended March 2018, compared to a loss of Rs 614 million a year ago. Net Sales rose 2.4% to Rs 10.3 billion during the period as against Rs 10.0 billion in January-March 2017.

For the year ended March 2017, BALRAMPUR CHINI reported 116.5% increase in net profit to Rs 5.9 billion compared to net profit of Rs 2.7 billion during FY16.

Revenue of the company grew 26.7% to Rs 36 billion during FY17.

The current Price to earnings ratio of BALRAMPUR CHINI, based on rolling 12 month earnings, stands at 7.2x.

This article (BALRAMPUR CHINI plunges by 5%; BSE 500 Index Down 0.3%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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After opening the day in green, Stock markets in India are trading lower presently. Losses are largely seen in healthcare stocks and PSU stocks.

The BSE Sensex is trading down by 68 points and the NSE Nifty is trading down by 22 points. Meanwhile, the BSE Mid Cap index is trading down by 0.3% while, the BSE Small Cap index is trading down by 0.5%. The rupee is trading at 68.08 to the US$.

Indian investors are not unfamiliar with sharp market corrections. But a long bull market tends to erase the memories of the previous turmoil.

Of course, it is typically the small and midcap stocks that bear the maximum toll of a sharp market correction. They are the first ones to nosedive. But when markets are in a state of panic, fear feeds upon itself.

You must remember that during such times, even the stocks of some of the strongest business tend to succumb to weak sentiments. The crash of 2008 saw some of them correct by over 50%!

And there is no reason why this may not repeat in the coming market correction.

Can Bellwethers Correct by 50%?

But should you lose confidence during such periods of underperformance?

Tanushree Banerjee, Editor of The 5 Minute WrapUp, goes by the wise words of Howard Marks...

"Every investor who's unwilling to throw in the towel on outperformance, and who chooses to deviate from the index in its pursuit, will have periods of significant underperformance. In fact, since many of the best investors stick most strongly to their approach-and since no approach will work all the time-the best investors can have some of the greatest periods of underperformance."
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In such an environment, it makes sense for investors to be selective while buying stocks. Focus on value and the underlying fundamentals of the business. Then, they need not worry about the market.

So, what is key to identifying potential multibagger stocks? How does one pick them at the right time and ride them to their full potential? How many multibaggers do you really need to achieve the big riches that you desire?

Most importantly, are there any stocks right now that could turn out to be multibaggers? Click here to know everything that you need to know right now about mutlibagger stocks...

In the news from the pharma sector. As per an article in a leading financial daily, Cipla has received final approval for its Abbreviated New Drug Application (ANDA) for Testosterone Cypionate Injection 100mg/ml and 200mg/ml from the United States Food and Drug Administration (USFDA).

Cipla's Testosterone Cypionate Injection 100mg/ml and 200mg/ml is AO-rated generic therapeutic equivalent version of Pharmacia and Upjohn's Depo-Testosterone.

It is indicated for replacement therapy in males in conditions associated with symptoms of deficiency or absence of endogenous testosterone.

According to IQVIA (IMS Health), Depo-Testosterone and its generic equivalents had US sales of approximately US$191 million for the 12-month period ending April 2018.

To know more about the company, you can access to Cipla's latest result analysis and Cipla stock analysis on our website.

Cipla share price was trading up by 0.4% at the time of writing.

Moving on to the news from the oil & gas sector. As per an article in a leading financial daily, India Oil Corp. is facing increased cost pressure due to crude oil spike.

Reportedly, every US$10 per barrel rise in the price of crude oil raises working capital cost by about Rs 5 billion per year and cost of fuel consumed internally by US$0.9 per barrel for IOC.

The company uses about 9% of the oil it buys as fuel at its refineries. Higher crude prices also result in the company borrowing more in working capital, which translates into higher interest outgo of Rs 4-5 billion per year for every US$10 increase in crude oil price.

Lower crude oil prices until last year had helped refiners sharply cut their borrowings. Indian Oil's borrowings fell to Rs 320 billion at the beginning of 2018 from Rs 860 billion in March 2014, mainly after lower crude prices shrank working capital need.

But this trend is set to reverse now with prices rising again.

Crude oil has risen 60% in a year to about US$75 per barrel, a sharp recovery after going to US$28 in January 2016 from US$116 in June 2014.

Prices of refined products generally follow the crude oil trend globally, and Indian refiners align local prices with international rates. But sometimes during the poll season, state firms, under political pressure, aren't able to fully pass on the price hikes to retail consumers.

Indian Oil has been diversifying its import basket to reduce dependence on any specific region and seek competitive rates. It also set up an office in Singapore last year to procure crude oil. Its Singapore desk has so far purchased about 8 million barrels of oil worth about half a billion dollars, the reports noted.

IOC share price was trading down by 1.1% at the time of writing.

To get more updates on share market, click here.



This article (Sensex Trades Marginally Down; Power Grid & ONGC Top Losers) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.



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D. B. CORP share price has plunged 5% and is presently trading at Rs 261.

Meanwhile, the BSE 500 Index is at 14,758 (Down 0.2%).

Among the top losers in the BSE 500 Index today are D. B. CORP (down 5.24%) and HIMACHAL FUTURISTIC (down 5.15%)

CG POWER & INDUSTRIAL SOLUTIONS LTD (up 4.40%) and TVS SRICHAKRA (up 3.43%) are among the top gainers today.

Over the last one year, D. B. CORP has moved down from Rs 377 to Rs 261, registering a loss of Rs 116 (down 30.72%).

The BSE 500 has moved up from 13,363 to 14,758, registering a gain of 1,395 points (up 10.44%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 1028.58%), GRAPHITE INDIA (up 442.43%) and RADICO KHAITAN (up 198.69%).

What About the Benchmark Indices?

The BSE Sensex is at 35,679 (down 0.18%). The top gainers among the BSE Sensex stocks today are ICICI BANK (up 1.48%), ADANI PORTS & SEZ (up 1.27%) and RELIANCE IND. (up 1.04%). Other gainers include INFOSYS LTD (up 0.53%) and VEDANTA LTD (up 0.46%). The most traded stocks in the BSE Sensex are ADANI PORTS & SEZ and VEDANTA LTD.

In the meantime, NSE Nifty is at 10,810 (down 0.20%). ICICI BANK (up 1.48%) and ADANI PORTS & SEZ (up 1.42%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 31,298 to 35,679, registering a gain of 4,381 points (up 13.37%).

This article (D. B. CORP plunges by 5%; BSE 500 Index Down 0.2%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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Asian share markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.8% while the Hang Seng is down 0.4%. The Shanghai Composite is trading flat. On Wednesday, US markets ended the day mixed with the Nasdaq Composite closing at a record high and the Dow trapped in its longest losing streak since March 2017 as US trade concerns lingered.

Back home, India share markets opened the day on a positive note. The BSE Sensex is trading up by 94 points while the NSE Nifty is trading up by 30 points. The BSE Mid Cap index and BSE Small Cap index both opened up by 0.2%.

Barring power stocks, healthcare stocks & metal stocks, all sectoral indices have opened the day in green with consumer durables stocks and bank stocks witnessing maximum buying interest. The rupee is trading at 68.08 to the US$.

It's been almost five & a half months of 2018.

While the BSE-Sensex has increased marginally so far, the mid and small cap indices have fallen between 10% and 12%.

Uncertain Times for the Benchmark Index

But that's just the indices. Individual mid and small caps have fallen much more.

The steep fall in these indices is due to several reasons.

First, there has been some profit-booking in the mid and small cap space. After all, these indices were sharp outperformers in 2017. Second, rising crude oil prices and a falling rupee have taken a toll.

And third, there is some pressure in this space due to the re-alignment of investments by mutual fund managers prompted by the recent changes in regulation.

In such an environment, it makes sense for investors to be selective while buying stocks. Focus on value and the underlying fundamentals of the business. Then, they need not worry about the market.

So, what is key to identifying potential multibagger stocks?

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SMART MONEY ALERT: New Recommendation Report Releasing Soon…

We are just a few days away from releasing our latest Smart Money Secret Recommendation Report.

So, if you act today and take us up on our Special '30-Day Trial subscription at Just Rs 99' invitation, you will get this report, as soon as it's released, right in your inbox.

PLUS, you will also get 2 Special Guides (Worth Rs 950 each) and our latest views on 12 Guru-based stocks we have already recommended in the past…

Yes, this is one of the BEST offers we have designed for you to try Smart Money Secrets…and it will expire very soon. So, do not delay…

All you have to pay is Rs 99 and we'll activate your trial subscription right away.

Click here for full details…
------------------------------

Most importantly, are there any stocks right now that could turn out to be multibaggers? Click here to know everything that you need to know right now about mutlibagger stocks...

Engineering stocks opened the day on a mixed note with Bharat Bijlee & Jyoti Structures leading the gainers. As per an article in a leading financial daily, Bharat Heavy Electricals Ltd (BHEL) has bagged two major orders for emission control equipment. The order is worth Rs 10 billion from Telangana State Power Generation Corporation Ltd (TSGENCO).

The orders involve the supply and installation of Flue Gas Desulphurization (FGD) systems for control of SOx emissions at TSGENCO's 1x800 MW Kothagudem Thermal Power Station (TPS) and 4x270 MW Bhadradri TPS in Telangana.

The order for Bhadradri TPS also includes modification in Boiler and Electrostatic Precipitators (ESPs) to meet the revised emission norms.

BHEL is presently executing these projects on an engineering, procurement, and construction (EPC) basis.

BHEL share price opened the day up by 0.9%.

To know more about the company, you can access to BHEL's latest result analysis and BHEL stock analysis on our website.

To get more updates on share market, click here.

Moving on to the news from the aviation space. IndiGo (Interglobe Aviation Ltd) retained its No.1 spot in terms of market share among India's air passenger careers in May, carrying 4.85 million people during the month.

Reportedly, the low-fare airline commanded a 40.9% market share in May, against 39.8% in April, and 41.2% in May 2017.

The Jet Airways (India) Ltd. came a distant second, with 13.7% market share, flying 1.63 million passengers during the month, as per the data from Directorate General of Civil Aviation (DGCA).

National carrier Air India clocked 12.8% market share, carrying 1.52 million passengers, while SpiceJet, which registered 12.3% market share, carried 1.5 million passengers. Besides, GoAir carried 1.03 million passengers, AirAsia India 648,000, Vistara 471,000 and Jet Lite 182,000.

During May, SpiceJet clocked the highest passenger load factor at 94.8%, meaning nearly 95% of its seats were filled. IndiGo registered a load factor of 91%, while AirAsia India and GoAir registered 89.7% and 89.2%, respectively.

Despite the anticipated spike during the month, growth in comparison with the same period last year was only 17%, as opposed to 26% in April and 28% in March, due to the increase in fuel prices, and travel in particular sectors becoming expensive.

The total number of passengers carried by domestic airlines during Jan-May 2018 was 57.1 million, registering a growth of 22.7%, the reports noted.

IndiGo share price opened the day up by 3.9%.



This article (Sensex Opens Higher; Consumer Durables & Bank Stocks Lead) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.



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RELIANCE IND. share price has hit an all-time high at Rs 1,031 (up 1.01%).

Meanwhile, the BSE OIL & GAS Index is at 14,416 (up 0.38%).

Among the top gainers in the BSE OIL & GAS Index today are RELIANCE IND. (up 1.01%) and BPCL (up 0.47%)

CASTROL INDIA (down 0.18%) and GAIL (down 0.80%) are among the top losers today.

Over the last one year, RELIANCE IND. has moved up from Rs 706 to Rs 1,031, registering a gain of Rs 325 (up 45.91%).

The BSE OIL & GAS has moved up from 13,821 to 14,416, registering a gain of 595 points (up 4.29%) during the last 12 months.

The top gainers among the BSE OIL & GAS Index stocks during this same period were RELIANCE IND. (up 45.91%), GAIL (up 20.61%) and INDRAPRASTHA GAS (up 17.15%).

What About the Benchmark Indices?

The BSE Sensex is at 35,679 (up 0.29%). The top gainers among the BSE Sensex stocks today are ADANI PORTS & SEZ (up 2.06%), ICICI BANK (up 1.42%) and RELIANCE IND. (up 1.01%). Other gainers include L&T (up 0.46%) and TATA MOTORS (up 0.39%). The most traded stocks in the BSE Sensex are ADANI PORTS & SEZ and ICICI BANK.

In the meantime, NSE Nifty is at 10,810 (up 0.25%). The top gainers in the NSE Nifty include ADANI PORTS & SEZ (up 2.17%), ICICI BANK (up 1.24%) and RELIANCE IND. (up 1.03%). Other gainers include TECH MAHINDRA (up 0.98%) and IOC (up 0.85%).

Over the last 12 months, the BSE Sensex has moved up from 31,298 to 35,679, registering a gain of 4,381 points (up 13.91%).

RELIANCE IND. Financial Update...

RELIANCE IND. net profit grew 0.1% YoY to Rs 95 billion for the quarter ended March 2018, compared to a profit of Rs 94 billion a year ago. Net Sales rose 17.2% to Rs 1201.4 billion during the period as against Rs 1025.0 billion in January-March 2017.

For the year ended March 2018, RELIANCE IND. reported 20.3% increase in net profit to Rs 360.2 billion compared to net profit of Rs 299.4 billion during FY17.

Revenue of the company grew 29.0% to Rs 4,111 billion during FY18.

The current Price to earnings ratio of RELIANCE IND., based on rolling 12 month earnings, stands at 17.4x.

This article (RELIANCE IND. at All Time High; BSE OIL & GAS Index Up 0.4%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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JINDAL SAW LTD share price has plunged 5% and is presently trading at Rs 90.

Meanwhile, the BSE METAL Index is at 13,143 (Up 0.1%).

Among the top losers in the BSE METAL Index today is JINDAL SAW LTD (down 5.02%)

NMDC LTD (up 0.50%) and HINDALCO (up 0.49%) are among the top gainers today.

Over the last one year, JINDAL SAW LTD has moved up from Rs 90 to Rs 90, registering a gain of Rs 1 (up 0.61%).

The BSE METAL has moved up from 11,343 to 13,143, registering a gain of 1,800 points (up 15.87%) during the last 12 months.

The top gainers among the BSE METAL Index stocks during this same period were JINDAL STEEL & POWER (up 81.93%), JSW STEEL (up 68.27%) and SAIL (up 47.56%).

What About the Benchmark Indices?

The BSE Sensex is at 35,679 (up 0.29%). The top gainers among the BSE Sensex stocks today are ADANI PORTS & SEZ (up 2.19%), ICICI BANK (up 1.14%) and RELIANCE IND. (up 0.78%). Other gainers include L&T (up 0.53%) and TATA STEEL (up 0.45%). The most traded stocks in the BSE Sensex are ADANI PORTS & SEZ and ICICI BANK.

In the meantime, NSE Nifty is at 10,810 (up 0.25%). ADANI PORTS & SEZ (up 2.17%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 31,298 to 35,679, registering a gain of 4,381 points (up 13.91%).

This article (JINDAL SAW LTD plunges by 5%; BSE METAL Index Up 0.1%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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BATA INDIA share price has hit an all-time high at Rs 848 (down 0.05%).

Meanwhile, the BSE FMCG Index is at 11,124 (up 0.17%).

Among the top gainers in the BSE FMCG Index today are BATA INDIA (down 0.12%) and NESTLE (up 0.12%)

VENKYS (I) LIMITED (down 0.02%) and HIND. UNILEVER (down 0.03%) are among the top losers today.

Over the last one year, BATA INDIA has moved up from Rs 532 to Rs 848, registering a gain of Rs 316 (up 58.52%).

The BSE FMCG has moved up from 10,194 to 11,124, registering a gain of 930 points (up 9.13%) during the last 12 months.

The top gainers among the BSE FMCG Index stocks during this same period were RADICO KHAITAN (up 204.03%), VENKYS (I) LIMITED (up 80.04%) and BRITANNIA (up 68.40%).

What About the Benchmark Indices?

The BSE Sensex is at 35,679 (up 0.24%). The top gainers among the BSE Sensex stocks today are ADANI PORTS & SEZ (up 2.20%), ICICI BANK (up 1.02%) and L&T (up 0.51%). Other gainers include TATA MOTORS (up 0.51%) and M&M (up 0.47%). The most traded stocks in the BSE Sensex are ADANI PORTS & SEZ and ICICI BANK.

In the meantime, NSE Nifty is at 10,810 (up 0.24%). The top gainers in the NSE Nifty include ADANI PORTS & SEZ (up 2.05%), ICICI BANK (up 1.01%) and HINDALCO (up 0.80%). Other gainers include IOC (up 0.73%) and TECH MAHINDRA (up 0.72%).

Over the last 12 months, the BSE Sensex has moved up from 31,298 to 35,679, registering a gain of 4,381 points (up 13.85%).

BATA INDIA Financial Update...

BATA INDIA net profit declined 23.6% YoY to Rs 521 million for the quarter ended March 2018, compared to a loss of Rs 682 million a year ago. Net Sales declined 6.2% to Rs 6.3 billion during the period as against Rs 6.7 billion in January-March 2017.

For the year ended March 2017, BATA INDIA reported 26.6% increase in net profit to Rs 1.8 billion compared to net profit of Rs 1.4 billion during FY16.

Revenue of the company grew 2.0% to Rs 25 billion during FY17.

The current Price to earnings ratio of BATA INDIA, based on rolling 12 month earnings, stands at 48.5x.

This article (BATA INDIA at All Time High; BSE FMCG Index Up 0.2%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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Indian share markets surged on Wednesday, snapping a two-day losing streak led by gains Reliance Industries and bank stocks. Gains were also supported by positive cues from global equity markets.

The S&P BSE Sensex ended at 35,547, up 261 points while the broader Nifty 50 index settled at 10,772, up 62 points.

RBI Monetary Policy Minutes

Rupee and bond prices rose ahead of the minutes of RBI's June policy meeting yesterday.

The RBI raised interest rates by a quarter percentage point at its last meeting, citing rising inflation risks. The central bank said on Tuesday it would buy five government bonds worth up to Rs 100 billion under its open market purchase on Thursday.

Top Stocks in Focus

Titan share price will be in focus today as the company has transferred its entire stake in Titan Time Products (TTPL) to Danlaw Technologies India. Consequently, TTPL ceased to be a subsidiary of the company with effect from 18 June 2018.

Another stock that will be in focus is BHEL as it has bagged two major orders for emission control equipment from Telangana State Power Generation Corporation (TSGENCO).

Axis Bank has increased its Marginal Cost of Funds based Lending Rates (MCLRs) by 10 basis points (bps) across tenure with effect from 18 June 2018. With this, one-year MCLR of the bank now stands at 8.6% per annum (p.a.).

Jet Airways reported the Passenger Load Factor (PLF) of 80.4% during the month of May 2018. The company had reported the Passenger Load Factor of 85.6% during the month of April 2018. The stock will hog limelight today.

To get more updates on share market, click here.

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Global Stock Market Drivers

European stocks rose with US futures, adding to momentum from Asia, as the panic surrounding a potential global trade war showed signs of easing. Treasury yields edged higher and the dollar was steady, while the euro fell and oil climbed.

Here are some key events to watch for this week:

A Brazilian central bank decision in focus.The Bank of England will set its rates today.US jobless claims, New Zealand GDP, South Korea export data will be out today.The Organization of Petroleum Exporting Countries will meet in Vienna tomorrow.High Oil Prices - A Massive Headache for India

Oil prices rose on Wednesday, supported by a drop in US commercial crude inventories and the loss of storage capacity in Libya, with investors cautious ahead of a biannual meeting of OPEC exporters to decide production policy.

Benchmark Brent crude was up 70 cents at US$75.78 a barrel. US light crude was 60 cents higher at US$65.67.

While petroleum-producing countries are being buoyed by higher global oil prices, the big consumers are taking a hit - especially India, whose energy appetite is growing, the reports noted.

India is the world's third-largest oil consumer. The country of 1.3 billion, and its sizable middle class, is rapidly growing and thus seeing its energy needs increase - so the increased oil prices of the last several months have become a serious burden for the economy.

IPOs Back in Demand

IPOs are back in vogue. After a lull of short period, the mainboard IPO platform is buzzing again.

The latest to join the club is Anmol Industries, one of the leading FMCG companies, whose business primarily focuses on biscuits and cakes. The company has filed its DRHP (Draft Red Herring Prospectus) with the markets regulator.

The offer comprises an offer for sale by the shareholders. The face value of each equity share is Rs 10. The share sale consists an offer for sale of up to Rs 7.5 billion.

Meanwhile, auto component maker Varroc Engineering Ltd is set to launch its Rs 19.6 billion initial public offering (IPO) on 26 June.

Varroc Engineering, backed by Tata Opportunities Fund, has fixed a price band of Rs 965-967 per share. The public offer will close on 28 June.

Speaking of IPOs, the demand for IPO's had reached sky-high levels last year.

One shall note that, more than 70% of the IPOs listed in 2007 and 2008 are in the red, even today when the Sensex is at an all-time high.

A merit-based selection primarily including valuation, business, and management quality is the logical way to go about investing in IPOs. If it means going against the herd, so be it. And going by recent past, this strategy has been proven to be successful more often than not.

To know more, download this FREE report now and discover How to Get Rich with IPOs. This guide will show you how to safely profit from the IPO rush.



This article (Rising Oil Prices; RBI Minutes and Top Stocks in Action Today) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.


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