2nd May, Morning Brief

Market to open flat tracking SGX Nifty.

🎯 News & Impact 🎯

🎯 Major Results Today :
Deep Ind., Inox Leisure, JM Financial, Mario.

🎯 Ambuja Cements :
Net profit at Rs. 246.5 crore versus Rs. 53.5 crore (YoY).
Income from operations up 5.4 % at Rs. 2,922.40 crore versus Rs. 2,771.8 crore (YoY).
Positive for the stock. 👍

🎯 Dabur India :
Net profit up 0.5 % at Rs.333.1 crore versus Rs.331.5 crore (YoY).
Total income down 4.7 % at Rs.1,914.7 crore versus Rs. 2,010.1 crore (YoY).
Negative for the stock. 👎

🎯 Bharat Financial :
Net loss at Rs.234.9 crore versus profit of Rs. 84.5 crore (YoY).
NII up 19.2 % at Rs. 233.2 crore versus Rs. 195.7 crore (YoY).
Negative for the stock. 👎

🎯 DCM Shriram :
Net profit at Rs.156.4 crore versus Rs. 54.5 crore (YoY).
Total income up 23.5 % at Rs.1,709 crore versus Rs.1,383.6 crore (YoY).
Positive for the stock. 👍

🎯 JSW Energy :
Consolidated net profit down 91.7 % at Rs. 24.8 crore versus Rs. 299.9 crore (YoY).
Consolidated total income down 29.2 % at Rs.1,862.1 crore versus Rs. 2,630.7 crore (YoY).
Negative for the stock. 👎

🎯 Deepak Nitrite :
Net profit up 1 % at Rs. 20.8 crore versus Rs. 20.6 crore (YoY).
Total income down 4.5 % at Rs.325.4 crore versus Rs. 340.8 crore (YoY).

🎯 Navin Fluorine :
Net profit down 6.7 % at Rs.29.4 crore versus Rs. 31.5 crore (YoY).
Total income up 5.8 % at Rs. 200.5 crore versus Rs 189.5 crore (YoY).

🎯 RPG Life Sciences :
Net loss at Rs.0.2 crore versus profit of Rs.2.2 crore (YoY).
Total income up 2.1 % at Rs.71.8 crore versus Rs. 70.3 crore (YoY).

🎯 Kirloskar Ferrous :
Net profit up 9.9 % at Rs.13.3 crore versus Rs.12.1 crore (YoY).
Total income up 29.4 % at Rs. 320.1 crore versus Rs. 247.4 crore (YoY).

🎯 Kesoram Industries :
Net loss at Rs. 74.5 crore versus profit of Rs. 348.9 crore (YoY).
Total income down 6.5 % at Rs.1,103.6 crore versus Rs.1,179.8 crore (YoY).

🎯 Cholamandalam Invest :
Consolidated net profit up 14.1 % at Rs. 221.2 crore versus Rs. 193.8 crore (YoY).
Consolidated NII up 32.7 % at Rs. 675 crore versus Rs.508.9 crore (YoY).
Positive for the stock.

🎯 Uttam Galva :
Net profit at Rs.138.9 crore versus loss of Rs. 671.5 crore (YoY)
Total income down 48 % at Rs.899 crore versus Rs.1,729 crore (YoY).
Positive for the stock. 👍

🎯 Raymond :
Consolidated net profit down 37.5 % at Rs. 32.9 crore versus Rs. 52.6 crore (YoY).
Consolidated total income up 4.9 % at Rs. 1,481.3 crore versus Rs.1,412 crore (YoY).
Negative for the stock. 👎

🎯 Kitex Garments :
Net profit down 39.9 % at Rs.27 crore versus Rs. 44.9 crore (YoY).
Total income down 3.9 % at Rs. 177.2 crore versus Rs.184.3 crore (YoY).
Approves issue of bonus shares in the ratio of 2:5.
Highly negative for the stock. 👎

🎯 April auto sales:
Maruti Suzuki
Total sales up 19.5 % at 1.51 lakh units versus 1.26 lakh units (YoY).
Domestic sales up 23.4 % at 1.44 lakh units versus 1.17 lakh units (YoY).
Export sales down 29.4 % at 6,723 units versus 9,524 units (YoY).
Positive for the stock. 👍

🎯 Eicher Motors :
Total motorcycle sales up 25 % at 60,142 units versus 48,197 units (YoY).
Total motorcycle exports up 36 % at 1,578 units versus 1,160 units (YoY).
Eicher VE CV
Total sales down 42.2 % at 3,077 units versus 5,326 units (YoY).
Domestic CV sales down 44.5 % at 2,578 units versus 4,641 units (YoY).
Exports down 27.2 percent at 499 units versus 685 units (YoY).
Negative for the stock. 👎

🎯 Tata Motors :
Domestic passenger vehicle sales up 23 % at 12,827 units YoY.
Domestic commercial vehicle (CV) sales down 36 % at 16,017 units YoY.
Total sales down 21 % at 30,972 units versus 39,389 units (YoY).
Exports down 43.8 % at 2,128 units versus 3,785 units (YoY).
Negative for the stock. 👎

🎯 Hero Motocorp :
Total sales down 3.4 % at 5.91 lakh units versus 6.12 lakh units (YoY).
Negative for the stock. 👎

🎯 Escorts :
Total tractor sales up 20 % at 4,899 units versus 4,086 units (YoY).
Domestic tractor sales up 18 % at 4,760 units versus 4,048 units (YoY).
Positive for the stock. 👍

🎯 Dr Reddy's Laboratories :
US FDA issues Form 483 with 11 observations for plant 3 at Bachupally.
US FDA observations are mostly procedural in nature.
Negative for the stock. 👎

🎯 Auropharma :
US FDA inspected Aurobindo Pharma's unit 3 from April 10-18, 2017.
Alert: US FDA issued 6 observations to Aurobindo Pharma's Unit 3.
Aurobindo Pharma completes acquisition of Generis Farmaceutica.
Negative for the stock. 👎

🎯 Biocon :
Gets tentative US FDA nod for Fingolimod capsules (used to treat multiple sclerosis).
Positive for the stock. 👍

🎯 Lupin :
Gets Form 483 from US FDA, citing 3 observations, inspection was completed on April 7.
Negative for the stock. 👎

🎯 Strides Shasun :
Says successful completion of US FDA inspection at Oral Dosage Facility in Puducherry with zero 483 observations.
Positive for the stock. 👍

🎯 Thomas Cook :
Thomas Cook inks an agreement to acquire Kuoni's global network of destination management specialists in Asia, Australia, Middle East, Africa & The Americas. The deal covers 17 countries.
Positive for the stock. 👍

🎯 Shilpi Cable :
Claims bankruptcy rumors are false.

🎯 Linc Pens :
The company inaugurates new factory in Gujarat, to Manufacture 18 crore pens annually and can be scaled up to 50 crore pens.

🎯 Indiabulls Housing :
Crisil upgrades rating to AA positive.
Positive for the stock. 👍

🎯 Richa Industries :
Brickwork Ratings assigns BBB- outlook stable grade in bank loan facilities.

🎯 Inox Leisure :
Entered into a ticketing agreement with Orbgen Technologies for promotions, marketing and listing of its movie tickets inventory.

🎯 PNB :
Bank reduces MCLR on various tenors by 10bps.
Bank to raise Basel III compliant debt instrument Tier I capital bonds upto of Rs 3,000 crore and Tier II bonds up to Rs 3,000 crore.

🎯 Lakshmi Vilas Bank :
Reduces MCLR on various tenors.

🎯 GAIL :
Awards pipeline laying work contracts for another 131 Km in Kerala, 75 percent of Kochi Koottanad Mangaluru pipeline now in construction phase.

🎯 Punjab & Sind Bank :
Bonds upto Rs 1,000 crore have been rated as A (stable) by CARE and A (hyb) (stable) by ICRA.

🎯 Shriram group :
Xander to buy Shrirams SEZ for Rs.1,220 crore.
Positive for the stock. 👍

🎯 Motilal Oswal :
Bain capital in talks to invest Rs 800 crore in Motilal Oswal's housing finance arm.
Positive for the stock. 👍

🎯 UP Government asks sugar mills to pay 15 percent interest on cane arrears for 2016-17.
Negative for the sector. 👎

🎯 City Union Bank :
The bank says RBI extends tenure of MD, CEO Kamakodi by 3 years.

🎯 Thermax :
Wins export contracts worth USD 157 million for projects in Africa.

🎯 Nestlé India : 
Nestle india exploring ways to bring some products from its 2,000 global brands to the country and also reduce dependency on a single brand, a top company official has said.

Edited by Sharp.
© Sharp Investment & Financial Advisers.