Market likely to open positively tracking SGX Nifty, up 16 points.
Nifty is likely to oscillate between 9,200 to 9,400 band. INDIA VIX surged 10% during the week and is likely to inch higher as global events unfold.
Bank Nifty relatively outperformed, gaining 1.10% on weekly close. Maximum OI has built up in 22,000-put and 23,000-call strike, which is likely to be the broader range in the coming week.
US stock indexes gained on Friday, with the S&P 500 ending at a record high close fuelled by positive macroeconomic data.
Emmanuel Macron wins French presidency which may create joyous sentiment over the EU bourses.
🎯 News & Impact 🎯
🎯 Pfizer:
Net Profit Down 22 % At Rs.68 Cr Vs Rs. 87.2 Cr (YoY).
Total Income At Rs.453.2 Cr Vs Rs. 534.9 Cr (YoY).
Negative for the stock. 👎
🎯 D-Mart :
Net Profit Up 47.3 % At Rs.96.6 Cr Vs Rs. 65.6 Cr (YoY).
Total Income Up 40.6 % At Rs 3,110.6 Cr Vs Rs. 2,212.7 Cr (YoY)
Positive for the stock. 👍
🎯 BSE:
Stock market major BSE on Friday reported an exponential rise of 258.99 % in its consolidated net profit for the fourth quarter (Q4) of 2016-17. The company's net profit rose to Rs.72.66 crore from Rs.20.24 crore reported for the corresponding quarter of 2015-16.
Positive for the stock. 👍
🎯 Procter & Gamble Hygiene and Health Care:
Net Profit Up 2.6 % At Rs.99.6 Cr Vs Rs. 97.1 Cr (YoY).
Total Income Up 7.4 % At Rs 601.1 Cr Vs Rs.559.8 Cr (YoY).
Positive for the stock. 👍
🎯 Transformers and Rectifiers:
Net Profit Down 97.2 percent At Rs 0.3 Cr Vs Rs 10.7 Cr (YoY).
Revenue Down 24.1 percent At Rs 188.2 Cr Vs Rs 248.1 Cr (YoY).
Negative for the stock. 👎
🎯 GE Shipping :
Cons Net Loss At Rs 34.16 Cr Vs Profit Of Rs 24.15 Cr (YoY).
Cons Total Income At Rs 738.42 Cr Vs Rs 850.47 Cr (YoY).
Negative for the stock. 👎
🎯 Blue Dart Express:
Net Profit Down 36.9 % At Rs.24.5 Cr Vs Rs.38.8 Cr (YoY).
Total Income Up 7.4 % At Rs 676.3 Cr Vs Rs 629.7 Cr (YoY)
Negative for the stock. 👎
🎯 Eicher Motors:
Cons Net Profit Up 33.9 percent At Rs 459.4 Cr Vs Rs.343.1 Cr (YoY).
Cons Total Income Up 23.3 percent At Rs. 2,132.5 Cr Vs Rs.1,729 Cr (YoY).
Positive for the stock. 👍
🎯 Apollo Tyres :
Cons Net Profit Down 16.1 % At Rs 228.2 Cr Vs Rs. 272 Cr (YoY).
Cons Revenue Up 9.8 percent At Rs. 3,589.4 Cr Vs Rs 3,268.8 Cr (YoY).
Negative for the stock. 👎
🎯 NIIT Tech :
Cons Net Profit Up 60.7 % At Rs.100.3 Cr Vs Rs 62.4 Cr (QoQ).
Cons Total Income Up 7.3 % At Rs.744.7 Cr Vs Rs 693.8 Cr (QoQ).
Positive for the stock. 👍
🎯 Monsanto India :
Net Profit Up 25.4 % At Rs.30.1 Cr Vs Rs. 24 Cr (YoY).
Total Income Up 61.1 % At Rs.140 Cr Vs Rs. 86.9 Cr (YoY).
Positive for the stock. 👍
🎯 Shoppers Stop :
Net Loss At Rs.36.1 Cr Vs Profit Of Rs. 10.1 Cr (YoY).
Total Income Up 3.2 percent At Rs 910.3 Cr Vs Rs 882.5 Cr (YoY).
Negative for the stock. 👎
🎯 Equitas Holdings :
Cons Net Profit Rs 6.9 Cr.
Cons NII At Rs 238.6 Cr.
Negative for the stock. 👎
🎯 Gillette India :
Net Profit Up 30.5 % At Rs 105.8 Cr Vs Rs. 81.1 Cr (YoY).
Total Income Up 16.7 % At Rs.534.5 Cr Vs Rs. 458.2 Cr (YoY).
Positive for the stock. 👍
🎯 Sayaji Hotels :
Barbeque Nation Hospitality the company behind the well-known chain of casual dining restaurants that go by the name Barbeque Nation is set to float an initial public offering (IPO) this year, according to market sources. Barbeque Nation is an associate company of Sayaji Housekeeping Services, a wholly-owned subsidiary of Sayaji Hotels.
Positive for the stock. 👍
🎯 ACC & Ambuja Cements:
ACC Ltd and Ambuja Cement -- the two Indian units of the world's largest cement producer LafargeHolcim – on Friday decided to explore merger between them, ending months of speculation.
Positive for Ambuja Cement. 👍
🎯 Walchand Nagar Industries:
US private-equity giant KKR & Co would invest Rs.300 crore in Walchand Nagar Industries, one of India's oldest business groups, in a structured-financing deal that would help the Mumbai-based conglomerate realign its businesses and repay some of its term loans.
Positive for the stock. 👍
🎯 Tata Consultancy Services:
TCS announced that it has opened its first Drones Research Lab in the US at its Seven Hills Park Innovation centre located in Cincinnati, Ohio to address the rapidly expanding demand for unmanned aerial vehicles and business solutions across industries.
🎯 NMDC:
Iron ore mining major NMDC produced 2.98 million tonnes and sold 3.56 million tonnes of iron ore during April 2017.
🎯 Concor:
Container Corporation of India (Concor) announced signing four memorandum of understanding (MoUs) during the India Integrated Transport & Logistics (IITL) Summit 2017 on May 5, 2017 at Vigyan Bhawan, New Delhi. Concor signed two tripartite MoUs with the state government and the National Highways Authority of India (NHAI) for development of Multimodal Logistics Parks (MMLPs) at Hyderabad and Surat. Further, the company signed one MoU with Paradip Port for development of a MMLP; and one MoU with Chennai Port for the development of an extended gate facility at CONCOR's facility at Tondiarpet to ease the congestion at Chennai Port. The announcement was made after market hours on Friday, 5 May 2017.
🎯 Transport Corporation of India :
TCI signed a Letter of Intent (LOI) (NHAI) for the Development and furthering of 'Multi-Modal Logistics Park.
🎯 Parag Milk Foods: The company has announced that it has entered into the beverage market with pure Alphonso drink enhanced with dash of milk. The company diversified into fruit juice drink segment by launching 'Slurp' with an aim to expand its footprint in the beverage category. For starters, Slurp will be available across markets of Mumbai, Delhi, Kanpur and Chennai in 200 ml tetra pack at Rs.20.
Positive for the stock. 👍
🎯 Auropharma :
Aurobindo Pharma seeks environment nod to expand Srikakulam Unit-9
Aurobindo's Srikakulam Unit-9 expansion cost Rs.250 crore
Aurobindo Pharma Unit-9 to make bulk drugs, intermediates.
Positive for the stock. 👍
🎯 Bosch :
Temporarily suspends production at its Adugodi plant in Karnataka.
Production suspended following a notification by state's pollution control board.
Negative for the stock. 👎
🎯 Rcom :
Reliance Communications - ICRA revises rating to BB and A4.
🎯 Sanghi Cements :
ICRA assigns A- and A2 rating to short and long term fund requirements.
🎯 Everest Organics :
ICRA revises Long term rating from 'B- Stable' to ' BB-'
🎯 Phoenix Mills :
Acquires entire holding of Insight Hotels and Leisure.
🎯 Indian Bank :
Indian Bank to issue Long Term Bonds for financing of Infrastructure and Affordable Housing upto Rs 5,000 crore.
🎯 Allahabad Bank :
Appoints Usha Ananthsubramaniam as MD and CEO.
🎯 Max Financials :
HDFC life likely to rework deal with Max life.
Positive for the stock. 👍
🎯 Bharat Gears :
KKR to lend 125cr to Bharat gears.
🎯 GTL Infra :
Stake sale to value firm at 11000 crore.
Positive for the stock. 👍
🎯 Orient Green Paper/ IL&FS :
The merger of both companies may be stuck in tax hurdle.
🎯 ONGC :
OVL crude oil and gas output hits record 12.57 mt in FY17.
🎯 Tata Motors :
Targets 15 percent growth in CV exports in FY18.
🎯 Eicher Motors :
Enfield revving up to buy Ducati.
Positive for the stock. 👍
🎯 SAIL :
Open to take stressed assets
🎯 Lanco Infra :
Lenders appoints PWC to find investors for Australia mine.
Edited by Sharp.
© Sharp Investment & Financial Advisers
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