Tuesday, October 18, 2011

Stocks in action for the day: Crisil, Ranbaxy, Peninsula, MindTree, TCS

Market Outlook: Indian markets are likely to be on the negative wave taking cues from global markets. AS we are in the result season top leaders would guide the market momentum. As more companies declare their results, markets to take cues on the outlook on demand and costs which could determine the market sentiments for the quarter.

Results Today: HCL Tech, Hero Motocorp, JSPL, IndusInd Bank, Patni Computer, Petronet LNG, Chambal Fertilizers, Crisil, Coromandel International, NIIT Tech, BOC India, Aditya Birla Money, Torrent Pharma, Maharashtra Scooters, Kirloskar Brothers, Edelweiss Financial, Symphony, Chennai Petro. MM forgings, KSB Pumps, SE Investments, Sutlej Textiles, Blue Star Infotech, Premier, Honeywell Automation, Prism Cement, Fame India, ADOR Welding, Inox leisure, Shalimar Paints, Oudh Sugar mills, Aro Granite Industries.

On the global space: The US markets closed near session lows following news that there won’t be a definitive solution to the euro zone's debt crisis during the upcoming summit of European leaders, according to Germany's finance minister. The CBOE volatility index jumped near 33.

Asian markets trading weak; Hang Seng slips 2.7%.

Back to Indian Markets are following global cues, so we continue to hold a cautious outlook with support 5000 and resistance at 5150.

Global events to watch for today

Þ Housing Market Index.

Þ Producer Price Index.

Global indices Update @ 8:

Dow Jones : 11397 (-247.4)

NASDAQ : 2614 (-52.93)

Nikkei 225 : 8742 (-137.0)

Hang seng : 18222 (-651.8)

SGX CNX Nifty : 5053 (-69.00)

Gold (USD/t oz.) : 1672

Nymex Crude (F) : 86.14

INR / 1 USD : 48.89

TECHOUTLOOK : Support for the Nifty is at 5000 and resistance at 5150.

Stocks in action for the day: Crisil, Ranbaxy, Peninsula, MindTree, TCS

TCS Q2 (cr - crore, vs - versus): -IFRS net profit at Rs 2,439 cr Vs Rs 2,380.3 cr (QoQ) -IFRS net revenue at Rs 11,633.5 cr Vs Rs 10,797 cr (QoQ) -Net profit margins at 21% Vs 22%; down 107 bps (QoQ) -Operating profit at Rs 3,154.3 cr; up 11.6% (QoQ) -Operating margins at 27.1%; up 94 bps

TCS says -Q2 volume growth 6.25% (QoQ) -Added 2 over USD 100 million clients in Q2 -Q2 gross employee addition at 20,349 -Q2 net employee addition at 12,580 -Added 35 clients in Q2 -Ambiguities in external environment in short-term -Working to optimise cost structure -Keeping close watch on economic signals -Recent volatility in forex market a cause for concern -On course to meet hiring target for FY12 -Chasing 10 large deals currently -Global macro environment remains 'worrisome' -Q2 forex loss at Rs 91 cr -Getting positive vibes from customers on IT spends -Do not see clients cutting spend, cancelling projects -Expect pricing to dip in Q3 -Volatile rupee not to have big impact in coming quarters -US visa rejections still happening as earlier -Total staff strength at 214,770 as on September 30

ING Vysya Bank Q2 -Net profit at Rs 115 cr Vs Rs 75.3 cr (YoY) -CNBC-TV18 poll saw net profit at Rs 100.4 cr -NII at Rs 304 cr vs Rs 254.2 cr (YoY) -CNBC-TV18 poll saw NII at Rs 288.8 cr

MindTree Q2 Cons net profit at Rs 54.5 cr Vs Rs 34.5 cr (QoQ) -Net profit higher due to higher forex gain, other income -Cons net sales at Rs 457 cr Vs Rs 413.1 cr (QoQ) -Margins at 12.87% vs 11.1% (QoQ) -Forex gain of Rs 16.9 cr vs Rs 9.14 cr (QoQ)

MindTree says -Q3 typically weak quarter for company -Expect q3 revenue to be muted

-Q3 outlook for production engineering biz 'soft' -Pricing environment stable for clients-Q2 biz volume grew 6.1% -Q2 operating margin at 12.8% vs 11.2% (QoQ) -Q2 gross employee addition at 1,478 -Added three USD 5 million customers in Q1, Five USD 1 million-To pay Rs 1.50/sh interim dividend -To pay Rs 1/sh special dividend

Peninsula Land Q2FY12 YoY -Net sales down 59% at Rs 50 Cr vs Rs 123 Cr -PAT down 78% at Rs 14 Cr vs Rs 64 Cr -Total expenditure down 53% at Rs 35 Cr vs Rs 74 Cr -EBITDA down 68% at Rs 16 Cr vs Rs 50 Cr -EBITDA margin at 32% vs 41%

Magma Fincorp Q2FY12 YoY -Total operating income up 26% at Rs 241 Cr vs Rs 191 Cr -PAT down 21% at Rs 19 Cr vs Rs 24 Cr-Total expenditure up 8.5% at Rs 77 Cr vs Rs 71 Cr -EBITDA up 34% at Rs 170 Cr vs Rs 127 Cr -EBITDA Margin at 70.5% vs 66.5%

Mahindra Lifespace Developers Q2FY12 YoY -Net sales up 6% at Rs 94 Cr vs Rs 89 Cr-PAT up 24% at Rs 31 Cr vs Rs 25 Cr -Total expenditure up 4.5% at Rs 69 Cr vs Rs 66 Cr-EBITDA up 8% at Rs 26 Cr vs Rs 24 Cr -EBITDA Margin at 27.7% vs 27%-Additional boost to PAT due to other income of Rs 18 Cr vs Rs 11 Cr

Granules India Q2FY12 YoY -Net sales up 36% at Rs 161 Cr vs Rs 118 Cr-PAT down 44% at Rs 2.5 Cr vs Rs 4.5 Cr -Total expenditure up 36% at Rs 151 Cr vs Rs 111 Cr-EBITDA up 25% at Rs 15 Cr vs Rs 12 Cr -EBITDA Margin at 9.3% vs 10.2% -Consumption of raw material up at Rs 101 Cr vs Rs 75 Cr

Morarjee Textiles Consolidated Q2FY12 YoY Net sales down 9% at Rs 87.5 Cr vs Rs 96 Cr -PAT down 87% at Rs 40 Lakh vs Rs 3 Cr -Total expenditure dn 8% at Rs 79 Cr vs Rs 86 Cr -EBITDA down 17% at Rs 12.5 Cr vs Rs 15 Cr -EBITDA Margin at 14.3% vs 15.6% -Though the total cost has gone down but its less compared to the drop in revenues -Total cost has been fueled by high marterial cost and power and fuel cost -Moreover a forex loss of Rs 2.35 Cr is also seen during the quarter

Rayalaseema Alkalies and Allied Chemicals Q2FY12 YoY -Net sales up 2.4% at Rs 174 Cr vs Rs 170 Cr -PAT down 2% at Rs 5.7 Cr vs Rs 5.8 Cr -Total expenditure up 2.5% at Rs 162 Cr vs Rs 158 Cr -EBITDA unchanged at 21% -EBITDA Margin at 12.1% vs 12.4%

Coal Minister says: - Coal India to increase annual bonus for workers -Coal India workers won't go on strike again Coal India Chairman says: -Annual bonus increase burden likely at Rs 144 cr

Govt suspends manufacture, sale of cancer drug Letrozole -Alert: Ranbaxy to be impacted as the company launched this drug on July 25 in UK, Romania & France

Crisil : Board to consider buy back of shares

Symphony board to consider stock split

Santowin board approves stock split from Rs 2 to Rs 1/sh

FDI caps for broadcasting sector set to rise to 74% from the existing 49% (FE)

F&O Ban: ABG Shipyard, Gitanjali Gems


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