Stocks To Watch: Quess Corp, Edelweiss, ARSS Infra, BCL India
- Logistics companies in focus as the sector gets infrastructure status.
- Simplex Infra bags Rs 524 crore order from NBCC for construction of IIT buildings in Bhubaneswar.
- Edelweiss QIP closes; issue price was fixed at Rs 280 per share.
- Quess Corp to buy 51 percent stake in Tata Business Support Services for Rs 153 crore.
Indian equity benchmarks swung between gains and losses through the day, to end marginally higher, as investors weighed the government's fiscal position against the nation's sovereign upgrade last week.
The S&P BSE Sensex Index closed little changed at 33,359. While the NSE Nifty 50 index climbed 0.15 percent to 10,298.75.
The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index's performance in India, was little changed at 10,322 as of 6:55 a.m.
Here's a quick look at corporate insider trades on Monday.https://t.co/MTI2qXd97f pic.twitter.com/G4Kij6tPkS
November 21, 2017Here Are The Stocks To Watch Out For In Tuesday's Session
- Logistics sector gets infrastructure status.
- NBCC: Awards Rs 524 crore order to Simplex Infra for construction of IIT buildings in Bhubaneswar.
- Satin Credit: Gets housing finance subsidiary license from NHB.
- Edelweiss: QIP closes; sets issue price at Rs 280 per share.
- Quess Corp: To buy 51 percent stake in Tata Business Support Services for Rs 153 crore.
- ARSS Infra: Got an order worth Rs 87.1 crore from Rail Vikas Nigam.
- Virinchi: Approved preferential issue of 26 lakh convertible equity warrants to promoter group.
- VIP Clothing: Rights issue period set from Nov. 28 to Dec. 12.
- Quick Heal: Entered into a collaboration with Jetico to develop encryption solution.
India recognises logistics as sub-sector of infrastructure.https://t.co/lSEV3vGD34 pic.twitter.com/x0G2m6vp3y
November 20, 2017F&O Setup
- Nifty November futures closed at 10,320, premium of 21 points versus 25 points.
- November contracts: Nifty open interest unchanged, Bank Nifty open interest up 1 percent.
- India VIX closed 2 percent lower at 13.4.
- Max open interest for November series at 10,500 Call (open interest at 64 lakh, up 7 percent).
- Max open interest for November series at 10,200 Put (open interest at 52.9 lakh, up 14 percent).
F&O Ban
- In ban: DHFL, DLF, HDIL, Indocount, Infibeam, Jet Airways, JP associates, JSW Energy, Just Dial, Kaveri Seed, Reliance Communication, Reliance Capital, TV18 Broadcast.
- New in ban: Just Dial, TV18 Broadcast.
Only intraday positions can be taken in stocks which are in F&O ban. In case of a rollover of these intraday positions, there is a penalty.
The government has raised Rs 14,500 crore through the Bharat-22 ETF, comprising 22 companies: Divestment Secretaryhttps://t.co/lZgQlTuIPz pic.twitter.com/0XZ8Osxe2F
November 20, 2017Active Stock Futures
Bulk Deals
BCL India
- Porinju Veiyath bought 2 lakh shares at Rs 109.90.
- EQ India Fund bought 4.5 lakh shares at Rs 109.90.
- Om Prakash Chugh bought 75,000 shares at Rs 109.90.
- Sarva Priya Exports sold 11 lakh shares at Rs 109.90.
Mercator
- Nomura sold 41.2 lakh shares at Rs 40.65.
- Rajesh Shah bought 20 lakh shares at Rs 40.90.
Employment creates unemployment, Noble Laureate Muhammad Yunus (@Yunus_Centre)​ tells @TamannaInamdar.https://t.co/VJwKyuVHpz pic.twitter.com/xw1fD8BT8C
November 20, 2017Earnings Reaction To Watch
TCPL Packaging (Q2, YoY)
- Revenue up 13 percent at Rs 181 crore.
- Net profit down 42 percent at Rs 5.9 crore.
- EBITDA down 19 percent at Rs 22.4 crore.
- Margin at 12.4 percent versus 17.2 percent.
MIRC Electronics (Q2, YoY)
- Revenue up 39 percent at Rs 201 crore.
- Profit at Rs 12 crore from a loss of Rs 9.9 crore.
- EBITDA up 177 percent at Rs 21.3 crore vs Rs 7.7 crore.
- Margin at 10.6 percent from 5.3 percent.
Balkrishna Paper Mills (Q2,YoY)
- Revenue down 3 percent at Rs 46.7 crore.
- Net loss at Rs 10.4 crore from a loss of Rs 3.9 crore.
- EBITDA loss at Rs 5.9 crore from a loss of Rs 1.5 crore.
- Margin at -12.6 percent versus -3.1 percent.
Results Today
- Garden Silk Mills
- JHS Svendgaard
- Lambodhara Textiles
- Talbros Auto
8 firms linked to India's largest conglomerate, the richest man & the biggest bank were among companies struck off by the government.https://t.co/6xrXKLQcBp
November 20, 2017Brokerage Radar
BOB Capital Markets on Somany Ceramics
- Initiated ‘Buy' with price target of Rs 975; implying a potential upside of 15 percent from yesterday's close.
- Somany Ceramics, the third largest organized tile manufacturer in India.
- Positives: Cut in GST rate on tiles, expanded value-added portfolio and focus on fast-growing tier-2 & 3 cities
- Expect revenue and net profit to grow at a compound annual growth rate of of 12 percent and 23 percent respectively by March 2020.
- Foray into sanitary-ware and allied products to offer high margins
- Asset-light model to expand return ratios to 21.3 percent by March 2020.
Citi on Cipla
- Maintained ‘Buy' with price target of Rs 725.
- Cipla's U.S. generics journey has started to pay-off, with three approvals over the last few weeks.
- Expect meaningful upside given Cipla's low base and suppressed profitability in the U.S.
- Cipla is one of the few Indian companies likely to witness decent momentum in the U.S.
- Expect operating leverage to deliver healthy growth over the next few years.
Morgan Stanley on Cyient
- Maintained ‘Overweight'; hiked price target to Rs 620 from Rs 565
- Expect the company to deliver double-digit revenue and earnings per share growth over the next two years.
- Given the weakness in UTC, revenue in dollar terms have been cut, which is offset by margin performance.
- Mix of business changes from legacy to integrated to improve margins to mid-single digits.
- Expect order conversion to be reflected in the order intake in the second half of the current financial year.
Goldman Sachs on Reliance Industries
- Maintained ‘Buy'; hiked price target to Rs 1,205 from Rs 960.
- Reliance Industries provides the best large-cap downstream energy exposure in Asia.
- Expect operating income to double to $14 billion in the financial year ending March 2020.
- Positives: volume-led growth with capex cycle completion, refining margins to outperform peers and telecom business to start contributing positively.
- Petchem will be the key driver of growth over the medium term while refining earnings will remain stable.
- Jio, which will start contributing from the next financial year can reach operating income of over $5 billion by March 2025.
- Core business is trading at an unjustified discount to peers.
- With capex intensity declining we expect free cash flow to turn positive after five years with a yield of 6 percent in the next financial year.
CBEC chief asks India's top 100 industrialists to lower prices after #GST rate cuts, @Nikunj_Ohri reports.https://t.co/8d5mPLTXxw
November 20, 2017Media Reports
- Infibeam said to be in talks to sell minority stake to Fairfax Financial Holdings (Economic Times).
- Electronics appliance market to grow at 10 percent CAGR by 2022 (Business Line).
- Godrej locking solutions cuts product prices again, looking at `1000cr revenue (Business Line).
- 15 firms keen on bankrupt Binani Cement (Economic Times).
The top 3 Indian metros- Mumbai, Delhi and Bengaluru- aren't attractive for investors.@ChitnisPurva reportshttps://t.co/DX9GUk9riB pic.twitter.com/VLIk30QmqH
November 20, 2017
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High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
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Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
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Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
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Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
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Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
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India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
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France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
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You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
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Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
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FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
