Thursday, October 29, 2009

BOR: Market Outlook: Indian markets may have negative opening today on the back of weak global cues

Market Outlook: Indian markets may have negative opening today on the back of weak global cues as Wall St drops on weak home sales data; Nasdaq slips 2.7% & Asia trading weak; Hang Seng, Nikkei down 2%. Nifty has supports at 4730-4780 and resistances are at 4870– 4930. Market may witness volatility on the Futures and Options settlement day. Action to be seen on result oriented stocks like RIL, DLF, ONGC & Tata Power.

Results today: RIL, ONGC, Cairn India, BPCL, DLF, Grasim, M&M, PNB, Sterlite, Tata Power, Adani Power, BoI, Britannia, Gammon Infra, Glenmark, HCL Info, HDIL, HOEC, NHPC, Oil India, REC, Religare, Shopper’s Stop, Sobha Developers, Tata Chemicals, TTML, Voltas. Allcargo Global, Alok Industries, Ansal Properties, Apar Industries, Apollo Hospitals, Archidply, Aries Agro, Asahi India, Axis-IT&T, Bajaj Electricals, Balmer Lawrie, BGR Energy, Birla Power, CESC, Colgate, Corporation Bank, Cranes Software, CRISIL, Cummins, Educomp, EIH Associated, Emami, Euro Ceramics, FCS Software, FDC, Financial Tech, Future Capital, Gitanjali Gems, Global Vectra, Gujarat Alkalies, Gujarat Fluoro, Gujarat Gas, Gujarat NRE Coke, GSFC, Heidelbergcement, HSBC Investdirect, IOB, ITI, JM Financial, KS Oils, Kolte Patil, KRBL, LIC Housing, LT Foods, Mid-Day, Natco Pharma, National Fertilizers, Navneet Publications, Northgate, Opto Circuits, Patel Engineering, Pochiraju, Prime Securities, P&G, Provogue, PSL, PVR, RSWM, Ruchi Soya, Selan Exploration, Shasun Chemicals, SCI, Shri Lakshmi Cotsyn, Shriram City Union, Shyam Telecom, Sical Logistics, Spice Mobiles, Tamil Nadu Newsprint, Todays Writing, Varun Shipping, Vijaya Bank, VIP Industries, Zandu Pharma

Global events to watch for today:

  • GDP Release
  • Jobless Claims
  • EIA Natural Gas Report
  • 3-6 Month Bill Announcement
  • 7-Yr Note Auction
  • Money Supply data release

Global indices Update @ 9:

Dow Jones : 9762 (-119.48)

Nasdaq : 2059 (-56.48)

Nikkei 225 : 9879 (-195.68)

Hang seng : 21164 (-596.95)

SGX CNX Nifty : 4761 (-72)

INR / 1 USD : 47.15

On the global counter: Wall St drops on weak home sales data; Nasdaq slips 2.7% & Asia trading weak; Hang Seng, Nikkei down 2%. The US markets on Wednesday, posted their biggest losses since October 1st on the back of worries about the recovery process. An unexpected decrease in new-home sales weighed on the markets. Sales dropped 3.6% in September and August's gain was revised lower. Also Goldman Sachs slashed its forecast for third-quarter GDP to 2.7% from 3%. Meanwhile, the EBOE volatility index jumped to just shy of 28.

Stocks in action for the day: Balrampur Chini, Puravankara, REC, DLF

REC (Rural Electrification Corporation): -CCEA (Cabinet Committee on Economic Affairs) to consider REC FPO today -REC FPO may hit market by March 2010 -REC FPO expected to raise over Rs 3,200 crore -REC may offload around 5% fresh equity -REC expected to hike loans to power sector -Alert: Govt holds nearly 82%, public 18 % in REC

RIL: -MDA alone can't be considered to represent RIL -Arbitration not possible as RNRL did not exist then-Kokilaben cannot have authority over RIL directors-Alert: SC bench asked again if arbitration an option

Galleon: Galleon tells SEBI it is exiting India investments -Galleon response in queries sought by regulator Galleon says started process of winding down -Galleon's total india investments at $150-200 million-Galleon's total India investments at $150-200 million -Galleon has stakes in Reliance Infratel, Edelweiss, Pipavav Galleon exited Shriram EPC last week -Sanjay Santhanam quit Edelweiss board last week -Sanjay Santhanam was non-executive director, Edelweiss -Sanjay Santhanam was Galleon's risk management head -Galleon under scanner for insider trading in US -Galleon's Raj Rajaratnam out on $100 million Bail

Puravankara defers QIP plans ((EGM had approved QIP in June, size was undecided))

RPG Cables board meet on October 30 to mull amalgamation with KEC International

Autoline IndustriesUS subsidiary bags new orders from automakers ((will add $40 million to sales in 4 years))

NSE bars fresh F&O positions in Balrampur Chini as 95% position limit is hit

Ambuja Cements Q3 YoY (cr - crore, vs - versus) Revenues up 16% at Rs 1610.95 Cr Vs Rs 1387.28 Cr PAT up 27% at Rs 318.48 Cr Vs Rs 250.10 Cr -OPM at 27% Vs 28% Ambuja Cem Q3 QoQ -Revenues down 13% at Rs 1610.95 Cr Vs Rs 1847.41 Cr -PAT down 2% at Rs 318.48 Cr Vs Rs 324.65 Cr -OPM at 27% vs 26%

Cipla Q2 Standalone: Net sales up 6% Rs 1442 Cr vs Rs 1354.7 Cr-Operating profit at Rs 380 Cr vs Rs 315 Cr -OPM 26% vs 23% -Net profit up 82 % at Rs 275 Cr vs Rs 151.4 Cr

Gammon Infra Q2 : Net Sales up 97% at Rs.88.6 cr vs Rs.44.10cr -OPM at 38.27% vs 69.7% -PAT down 5% at Rs. 8.25cr vs Rs.8.67cr

Purvankara Q2 (QoQ) -Revenues: Rs 226.04 cr vs Rs 55.97 cr -OP: Rs 87.98 cr vs Rs 10.07 cr
-OPM: 38.92% vs 18% -Net Profit: Rs 60.86 cr vs Rs 10.24 cr

Power Grid Q2: -Net Sales At Rs 1,748.6 Cr Vs Rs 1,587.7 Cr -Net Profit At Rs 459.97 Cr Vs Rs 396.4 Cr

Tata Metaliks (Q2 cons) -Net sales at Rs 270.6 cr vs Rs 309.7 cr -Net profit at Rs 5.53 cr vs Rs 10.15 cr -OPM at 7.66% vs 8.43%

Bombay Dyeing Q2 -Net sales at Rs 367 cr vs Rs 253.3 cr -Net loss at Rs 11 cr vs loss of Rs 104 cr EBIT at Rs 33.8 cr vs loss of Rs 70.7 cr ((Real estate revenue up from 14.3 cr to 122.8 cr))

Consolidated Construction Q2: -Net sales at Rs 451.3 cr vs Rs 467.1 cr -Net profit at Rs 21.1 cr vs Rs 19.1 cr OPM at 8.88% vs 4.86% -Order Book at Rs 3724.5 cr

EIH Q2: -Net sales at Rs 169.1 cr vs Rs 245.6 cr -Net loss at Rs 19.65 cr vs profit at Rs 31.3 cr -OPM at 12.66% vs 31.05%

Elecon Eng Q2: -Net sales at Rs 256.9 cr vs Rs 284.8 cr -Net profit at Rs 10.7 cr vs Rs 16 cr -OPM at 12.2% vs 14.7%

Essel Propack Q3 (cons): -Net sales at Rs 350.9 cr vs Rs 336.5 cr -Net profit at Rs 9.38 cr vs loss of Rs 21.37 cr -EBIT at Rs 35.5 cr vs loss of Rs 4.6 cr

Karuturi Global Q2 (cons): -Net sales at Rs 126.3 cr vs Rs 101.3 cr -Net profit at Rs 36.45 cr vs Rs 29.16 cr OPM at 36.6% vs 34%

KSK Energy Q2 (cons): -Net sales at Rs 121.2 cr vs Rs 116 cr -Net profit at Rs 37.2 cr vs Rs 45.4 cr OPM at 63% vs 67.3%

Madhucon Projects Q2: -Net sales at Rs 254.7 cr vs Rs 158.2 cr -Net profit at Rs 11.96 cr vs Rs 12.8 cr -OPM at 11.2% vs 25.4%

Brigade Ent Q2: -Net Sales At Rs 76.7 Cr Vs Rs 96.7 Cr -Net Profit At Rs 4.5 Cr Vs Rs 38.7 Cr

Micro Tech Q2 (cons) -Net sales at Rs 106.59 cr vs Rs 68.5 cr -Net profit at Rs 20.6 cr vs Rs 17.7 cr

Thomas Cook (Q3 cons) -Net sales at Rs 71.6 cr vs Rs 73.67 cr -Net profit at Rs 11.86 cr vs Rs 11.1 cr

Everest Ind Q2 -Net sales at Rs 136 cr vs Rs 112.74 cr -Net profit at Rs 4.68 cr vs loss of Rs 2.38 cr -OPM at 12.64% vs 7.9%

Marg Q2 -Net sales at Rs 205.8 cr vs Rs 90.9 cr -Net profit at Rs 20.07 cr vs Rs 10.6 cr -OPM at 15.85% vs 21.36%

Kiri Dyes Q2: -Net sales at Rs 80.3 cr vs Rs 72.8 cr -Net profit at Rs 9.26 cr vs Rs 5.37 cr -OPM at 21.09% vs 15.75%

Genesys International Q2 -Net sales at Rs 18.3 cr vs Rs 18.2 cr -Net profit at Rs 7.56 cr vs Rs 5.94 cr Exceptional gain of Rs 1.06 cr vs nil

NDTV Q2 Consolidated: -Revenue at Rs 140.37 cr vs Rs 120.27 cr -EBITDA loss of Rs 59.11 cr vs Rs 103.5 cr Net loss of Rs 85.59 cr vs Rs 119.4 cr

MRPL Q2: -Net Profit At Rs 180 Cr Vs Rs 24.9 Cr -Net Sales At Rs 7,857 Cr Vs Rs 13,428 Cr

Mercator Lines Q2 Consolidated (QoQ): -Net Sales At Rs 344.71 Cr Vs Rs 404.74 Cr -Net Loss At Rs -1.90 Cr Vs Net Profit of Rs 44.48 Cr

GNFC Q2: -Net Sales At Rs 766.2 Cr Vs Rs 868.1 Cr -Net Profit At Rs 60.7 Cr Vs Rs 79 Cr

Dalmia Cement Q2 -Net Profit At Rs 53.9 Cr Vs Rs 40.2 Cr -Net Sales At Rs 559 Cr Vs Rs 449 Cr

NMDC Q2: -Net Profit At Rs 771 Cr Vs Rs 945 Cr: -Net Sales At Rs 1,390 Cr Vs Rs 1,617 Cr

Hotel Leela Q2: -Net Sales At Rs 89.7 Cr Vs Rs 109.4 Cr -Net Profit At Rs 1.8 Cr Vs Rs 24.1 Cr


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