See char of India Nominal and Real Rate Policy Rate in Narnolia Securities Limited Market Diary 10.02.2014
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See char of India Nominal and Real Rate Policy Rate in Narnolia Securities Limited Market Diary 10.02.2014
1. 10TH Feb 2014
MARKET DIARY
SGX NIFTY : 6097 (
20 pts Up )
Quote of The Day
"Wall Street makes its money on
activity…You make your money on
inactivity." Warren Buffett
MARKET
Name
Sensex
Nifty
DOW
NASDAQ
CAC
Change
65.82
26.90
165.55
68.74
40.08
DAX
FTSE
NIKKIE
HANG SENG
9301.92
6571.68
14615.45
21654.58
45.34
13.40
153.04
17.73
EW ALL SHARE
Chart of the Day
India Nominal and Real Rate Policy
Value
20376.56
6063.2
15794.08
4125.86
4228.18
9740.82
36.35
INSTITUTIONAL TURNOVER
FII
Investor
Buy(Cr.)
Sale(Cr.)
Net(Cr.)
7th,Feb, 14
2553.55
2,820.81
(267.26)
Feb,14
2014
Index Action-Nifty (7th, Feb, 14)
11347.88
76914.14
14,150.34
80,982.48
(2802.46)
(4068.34)
DII
Investor
Contents
News
Management Tweets
Page
3
Coverage
UPDATE
4
UPDATE
Economic calendar
4
Result Calendar
Consence Estimate
Result Q3FY14
5 to 22
22-23
23 to 24
Sale(Cr.)
Net(Cr.)
7th,Feb, 14
Feb,14
2014
Index
Buy(Cr.)
1675.42
7922.09
33610.50
1,048.00
5,074.44
32,218.32
627.42
2847.65
1392.18
COMMODITY PRICE
COMMODITY/CURRENCIES
Value
GOLD
28754.00
SILVER
44369.00
CRUDEOIL
109.54
↑
↓
↓
UPDATE
COPPER
NATURALGAS
444.70
300.00
↑
↓
UPDATE
UPDATE
UPDATE
DOLLAR/RS.
EURO/RS.
POUND/RS.
62.28
84.97
102.33
↑
↑
↑
Narnolia Securities Ltd.
124, 1st floor 7/1, Lords Sinha Road Kolkata -700071. Ph 033-22821500/01/02/03/04 Mob : 9830013196
email: research@narnolia.com, website : www.narnolia.com
2. Derivative Research
NIFTY SNAPSHOT
Nifty Spot
Nifty Feb 2014 Future
6063.20(+26.90)
6078
Nifty Mar 2014 Future
Nifty Feb 2014 Open Interest
6111
15392400
Nifty Mar 2014 Open Interest
7 DMA of Spot Nifty
21 DMA of Spot NIfty
50 DMA of Spot Nifty
VOLATILITY INDEX (VIX)
PUT CALL RATIO
1468250
6041
6182
6212
GRAPH
18.55(-0.39)
1.08
Nifty (Feb Series) Option OI Distribution:
Index Outlook
Activity of Nifty (Feb Series) Strike
CALL
OI
% Chng
5800
569550
-0.9
5900
819300
-4.2
6000
2872550
0.0
6100
4823450
12.4
6200
6192500
13.5
6300
4723100
17.7
Fresh Long Seen In (Rising OI -Rising Price)
Scrip
OI
OI ch%
HEXAWARE
61,66,000
12.3
ADANIPORTS
45,10,000
8.4
DRREDDY
9,03,625
7.7
IOB
51,28,000
7.2
ADANIPOWER
272,64,000
5.0
PCR (OI)
STOCK
T1
ADANIPOWER
0.91
HEXAWARE
1.29
ULTRACEMCO
0.80
ANDHRABANK
0.64
ACC
1.21
FIIs Activity (Fig in Cr)
Segment
PUT
OI
Buy
Sell
Net
% Chng
4384000
6945900
8336900
3474250
1633150
756600
CMP
140.0
147.8
2631.1
46.7
35.5
T2
0.41
0.62
0.42
0.41
0.77
-4.2
5.8
9.3
15.0
-1.2
1.6
Ch%
4.6
1.1
1.3
1.4
2.2
INDEX FUTURE
INDEX OPTION
STOCK FUTURE
STOCK OPTION
TOTAL
1,397
14,985
1,836
1,295
19,513
Fresh Shorts Seen In: (Rising OI -Falling Price)
Scrip
OI
OI ch%
IDEA
140,24,000
19.7
ANDHRABANK
51,04,000
7.5
HAVELLS
4,13,500
7.4
HAVELLS
4,13,500
7.4
HINDZINC
131,92,000
6.4
PCR (OI)
STOCK
T1
HINDUNILVR
0.43
GODREJIND
0.14
IDEA
0.27
HINDZINC
0.37
CESC
0.42
1,644
14,651
1,694
1,281
19,270
CMP
138.2
54.9
783.6
783.6
125.0
T2
0.63
0.20
0.36
0.47
0.53
(247)
333
142
15
243
Ch%
-4.8
-1.0
-0.2
-0.2
-0.5
3. Markets Snapshot
Top Price Performers
Top Performers
Top Performers 1D
% Change
Top Performers 1W
% Change
KANANIIND
19.98
HALONIX
29.59
1M
KGNIND
% Change
107.43
HCIL
19.94
WHEELS
29.15
SPECTACLE
98.31
ZUARIGLOB
14.39
AKSHOPTFBR
28.66
NEWINFRA
70.11
PUNJLLOYD
14.00
GLOBOFFS
27.36
FCSSOFT
66.67
SUNDARAM
12.62
PATELENG
26.69
INFODRIVE
54.53
Worst Price Performers
Worst Performers
1D
% Change
Worst Performers
1W
% Change
Worst Performers
1M
% Change
GEMINI
(8.75)
WESTE
(21.77)
TUNITEX
(48.76)
AGCNET
(8.23)
RADHEDE
(18.39)
GLOBALCA
(46.96)
APARINDS
(8.22)
BSELINFRA
(17.61)
CCCL
(44.00)
RPGLIFE
(7.48)
CCCL
(17.34)
NETWORK
(41.57)
LOTUSEYE
(7.45)
WELPROJ
(16.81)
PEERABASAN
(39.65)
Top News :
• Ashok Leyland is in talks for partnerships with global companies to participate in tenders for Indian military supplies as it expects the segment
to grab a 10 per cent share of total business within 4 years. The company, which is expanding product lines and integrating global weapon systems
with its mobility platforms as part of a two-pronged strategy, is also looking at global markets similar to India to export its defence products.
• Punj Lloyd may sell its 17 per cent stake in Gurgaon-based multi speciality Medanta Medicity Hospitals to the US-based private equity firm
Kohlberg Kravis Roberts (KKR) for about Rs 654 crore. KKR has been investing in healthcare space in India and has earlier invested $89 million in
Apollo Hospitals.
• Andhra bank is planning to raise (funds) through QIP (Qualified Institutional Placements) or from Government of India. We require about Rs 800
crore . It would be decided by third quarter of 2014-15 financial year . The proposal to raise funds is to achieve 20 per cent growth during the next
financial year .
• Thomas Cook (India) Ltd will merge its operations with resort owner Sterling Holiday Resorts India Ltd in a deal valued at Rs 870 crore . The
deal will be structured in a multi-stage process in which 100 shares of Sterling will be swapped for 120 shares of Thomas Cook (India) . Thomas
Cook will first make a preferential allotment for 23.24 percent of Sterling at about Rs 190 crore and will then purchase another 23.63 percent of
Sterling for Rs 270 crore.
• LIC raises stake in Indraprastha Gas Ltd to 7.2% . LIC's acquisition of 2.107 percent additional shares has made it the third largest shareholder in
IGL. Prior to this, Allard Partners Ltd with 5.93 percent shares was the third largest shareholder. HDFC Standard Life Insurance Co Ltd hold 4.78
percent stake in the firm.
• NMDC has increased the price of fines, the inferior variety of the steel-making raw material, by Rs 100 per tonne with effect from the
beginning of the current month . The price of fines for the month of February is fixed at Rs 2,910 per tonne.
• The board of Tilaknagar Industries approved the company's proposal to acquire Indian Made Foreign Liquor (IMFL) brands from Kolkata based
IFB Agro for an undisclosed amount. The company is looking to buyout IFB Agro's IMFL business either directly or through one of its subsidiaries.
• Royal Orchid Hotels has sold its Hyderabad five-star property Regenta One to Gurgaon-based hotel development and investment group SAMHI
for Rs179 crore. The 159-room hotel is the second property that the chain has sold to SAMHI since 2012.
• U.S. Department of Labor said non-farm payrolls rose to a seasonally adjusted 113K, from 75K in the preceding month whose figure was
revised up from 74K. Analysts had expected U.S. non-farm payrolls to rise 185K last month.
• Federal Reserve said that U.S. Consumer Credit rose to a seasonally adjusted 18.76B, from 12.40B in the preceding month whose figure was
revised up from 12.32B. Analysts had expected U.S. Consumer Credit to rise 12.00B last month.
• U.S. Department of Labor said the unemployment rate fell to a seasonally adjusted 6.6%, from 6.7% in the preceding month . Analysts had
expected the U.S. unemployment rate to remain unchanged at 6.7% last month.
China The HSBC/Markit Services Purchasing Managers' Index (PMI) retreated to 50.7 in January, a low last seen in August 2011 though still above
the 50-point level that demarcates growth and contraction. December's PMI was 50.9.
4. Management Tweets :
• CESC Mgt guideline : Company is in advance stages of discussion with two private sector utilities for selling 400 MegaWatt and is very close to
finalise the sale . The company has already tied up 100 MWs with Tamil Nadu State Electricity Board (SEB). The power project costs for both
Chandrapur and Haldia were impacted by rupee deprecation said Goenka because when the project started, the rupee dollar parity was at 45/USD
whereas today it is around 63/USD. However, there may not be any immediate impact on the margins of CESC . Usually, whenever company expand
generation capacity, there is an initial impact on tariffs which then evens out over a couple of years . On the Firstsource Solutions front, the debt-equity
ratio is healthy and the debt is likely to go down substantially to the tune of 20% over the next 12 months. The net debt for the company is at about Rs
800 crore.
• MRF Mgt Guideline: Company said the drop in rubber prices did not help the company's EBITDA margins as other input costs went up. Along with
that, the ongoing recession in the auto industry did not help the Chennai-based tyre manufacturer. In this quarter, there would be pressure in the
market, especially topline pressure. So, one has to wait and watch but margins may not improve significantly even though rubber has softened . The
capex number could be in the region of Rs 800-1,000 crore a year, for this year.
• Power Grid Mgt Guideline : Company has been the Raichur-Solapur line which is now connected to the national grid. Mgt says the line has stabilized
now. There were four trippings in the first week. Two were to increase reliability and were done intentionally, and the other two were because of a few
glitches. For the last one month there has been no tripping, it is stable and working satisfactorily .
• Bank of Baroda Mgt guideline : Mgt out of the total slippages the highest slippage was probably something like Rs 132 crore in the third quarter.
Mgt says the recast for this quarter has been Rs 1,253 crore, and the guidance for Q4 is Rs 1,500-2,000 crore. Bank believes the domestic NIM guidance
of 3 percent for FY14 will be met.
• Cummins Mgt Guideline : Company does not see any improvements in terms of fresh investments due to a weak capital goods cycle, which it says,
might lead to a 15 percent lower topline FY14 than FY13. While exports are to contribute 30 percent to the total revenue in FY14, company anticipate a
big move on the emissions technology front .
• Eveready Industries Mgt Guideline : Going forward into next financial year, Eveready seems very confident to keep growing the companies topline
by 10-15 percent again next year and EBITDA expansion should also take place. So, the real benefit of the debt repayment we should see next year
where the interest cost should drop from Rs 40 crore to around Rs 25-28 crore. This will enable the company to guide for comfortably doubling the PBT
numbers in FY14-15.
• HEG Mgt Guideline : Company order book for Q4 will keep us occupied 100 percent of our capacity which is 20, 000 tonnes for the quarter and our
revenue would be higher than Q3 that we have reported in December quarter. The margins have been good primarily due to the needle coke prices,
which are continuously under pressure over the last two quarters. So with the prices of electrodes being consistent and been maintaining, the needle
coke prices, which is our primary raw material, has yielded this incremental margin that we got in Q3 and this will continue in Q4 as well.
• Shakti Pumps Mgt Guideline : Presently the growth of the company is coming only from exports. Of FY14 expected revenue about 60% to be
accounted by Exports. The company's state of the art manufacturing facility at Pithampur (Madhya Pradesh) has an installed capacity of 5 lakh pumps
per annum. Capacity utilization stood at 80% in FY2013 and it is expected to touch 90% by end of FY14. The company will incur a capex of 18-20 crore
every year. Going forward, the company's growth will be driven by new projects, new geographies and brand building in domestic market. About 30%
of its sales to come from new products going forward. Domestic margin is higher than exports. Expect a sales of Rs 300 crore in FY14.
Economic Calendar
Monday
10-Feb-14
US
Mortgage Delinquencies ,
UK/EURO
ZONE
Tuesday
11-Feb-14
FOMC Member Plosser Speaks , Fed
Chair Yellen Testifies ,JOLTS Job
10-y Bond Auction , Federal Budget Balance
Openings , Wholesale Inventories m/m
.
.
French Industrial Production m/m ,
Italian Industrial Production m/m ,
INDIA
Wednesday
12-Feb-14
Industrial Production m/m , CB Leading
Index m/m , ECB President Draghi Speaks ,
BOE Inflation Report , BOE Gov Carney
Speaks .
Trade Data
IIP Data
Thursday
13-Feb-14
Friday
14-Feb-14
Core Retail Sales m/m , Retail Sales m/m ,
Unemployment Claims , Fed Chair Yellen
Testifies , Business Inventories m/m .
Import Prices m/m , Capacity Utilization
Rate , Industrial Production m/m , Prelim
UoM Consumer Sentiment , Prelim UoM
Inflation Expectations .
ECB Monthly Bulletin , Italian 10-y Bond
Auction .
French Prelim GDP q/q , German Prelim
GDP q/q , French Prelim Non-Farm
Payrolls q/q , Italian Prelim GDP q/q .
WPI
5. Result Calendar Q3FY14
Bse Code
523395
514274
531731
513119
526955
530043
507852
524448
533029
532141
508869
526851
531553
506074
504390
511750
519174
532888
506820
505010
532406
526594
509053
532930
531719
530879
533321
531590
524396
519500
509470
532834
500878
514171
511742
535267
532902
530345
530171
531521
532180
590063
507528
526560
513452
533218
524768
532700
530909
Company Name
3M India
Aarvee Denims
Aarya Global Shares
ABC Gas
ABL Biotech
Acknit Inds
Addi Inds-$
Ahlcon Par
ALKALI
Andhra Cements
Apollo Hosp
Arex Inds
Arihant Avenues
Arshiya Intl
Arun Varun
Ascent Exim
Ashiana Agro
Asian Granito
Astrazeneca Phar
Automotive Axle
Avantel
B Nanji Ent
Banas Finance
BGR Energy
Bhagiradha Che
Bhilwara Tex
Bil Energy Sys
Bilpower
Biofil Chem
BKV Inds
Bombay Oxygen
Camlin Fine
Ceat
Ceeta Inds
Chokhani Sec
Comfort Fincap
Consolid Constr
Creative World
Daulat Sec
Desh Rakshak
DHANLAK BANK
Duncans Inds
Eastern Sugar
EICL-$
Elango Inds
Emami Infrastructure
Emmessar Bio
Entertainment Netw
ERP Soft
Date
10-Feb-14
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10-Feb-14
Bse Code
531502
500134
530571
590094
526689
511369
523672
522017
504028
514394
532716
531928
500151
531439
511543
518029
506879
514360
519126
509650
515145
532359
523398
500106
511355
530005
506131
524614
521016
504092
532514
522165
524652
533154
509069
535958
530781
504786
532532
532508
536493
531778
530977
530215
532967
533193
503626
532997
531206
Company Name
Esaar India
Essar Oil
Explicit Fin
FARMAX IND
Fenoplast-$
First Financial
Flex Foods-$
Fluidomat
GEE
Gee El Woollens
Gillanders Arb
Golden Crpt
Golden Tob
Goldstone Tech
GSB Finance
Gujarat Sidh
Gujarat Them
Gupta Carpets
Hindustan Foods
Hindustan Hous
Hindusthan Nat-$
Hit Kit Global
Hitachi Home
IFCI
India Cem Cap
India Cements
Indiaco Vent
Indian Extr
Indo Count Inds
Indokem
Indraprastha Gas
Indsil Hydro-$
Indswift
INFINITE
Infomedia Press
INTEGRA GAR
Intl Hous Fin
Investment & Prec
Jaiprakash Asso
Jindal Stainless
JKAGRI GEN
Kachchh Mnrl
Katwa Udyog
KINGSINFRA
Kiri Ind
KIRLOSKAR EL
Kshitiz Invest
KSK Energy
Kwality Cred
Date
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25. N arnolia Securities Ltd
402, 4th floor 7/ 1, Lord s Sinha Road Kolkata 700071, Ph
033-32011233 Toll Free no : 1-800-345-4000
em ail: research@narnolia.com ,
w ebsite : w w w .narnolia.com
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