Market View 11.2.2020

International Markets:

U.S & Europe

*As per 11^th feb

Asian markets:

ADR Watch:

Commodities & Currency

FIIs & DIIs

View on market: Buy on dips

Asian equities opened higher Tuesday after U.S. stocks hit a record high as investors looked past the potential economic impact of the spreading coronavirus. Australian shares climbed at the open and futures pointed to gains in Hong Kong. Japanese financial markets are shut for a holiday. U.S. equity futures were little changed. The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, rose 0.38 percent to 12,088 as of 8:15 a.m.

Key Data/ Action, Result and Board meeting to watch:

Coal India, Siemens, Prince Pipes And Fittings, Prism Johnson, BSE, IDBI Bank, Ircon International, CESC, Cochin Shipyard, BEML, Gulf Oil Lubricants India, Jindal Stainless, Bharat Heavy Electricals, HEG, Heidelberg Cement India, ITD Cementation India, Syndicate Bank, Novartis India, J.Kumar Infraprojects, Aster DM Healthcare, Astral Poly, Technik, Greenply Industries, GIC Housing Finance, Godawari Power And Ispat Rashtriya Chemicals and Fertilizers, CRISIL, D B Realty, Spencer’s Retail, SPML Infra, Deep Industries, Dollar Industries, Lumax Auto Technologies, Dredging Corporation of India Electrotherm (India), Harrisons  Malayalam, Indo Count Industries, Hexaware Technologies ,Man Industries (India) ,Fine Organic Industries, Genus Paper & Boards, Astron Paper & Board, Mill Capri Global Capital ,Ballarpur Industries, BASF India, 3MIndia, Allahabad Bank, Solar Industries, Aries Agro, Arihant Superstructures, Arvind Fashions Bliss, GVS Pharma ,Gujarat Narmada Valley Fertilizers and Chemicals, Jaypee Infratech ,JHS Svendgaard Laboratories, Kesoram industries.

Fund View:

Bajaj Consumer Care (Q3, YoY) Revenue fell 8.6 percent to Rs 212.6 crore Net profit fell 17.9 percent to Rs 48.7 crore Ebitda fell 24.5 percent to Rs 53 crore Margin stood at 24.9 percent versus 30.2 percent.

Petronet LNG (Q3, QoQ) Revenue fell 4.8 percent to Rs 8,910.2 crore Net profit fell 38.8 percent to Rs 675.2 crore Ebitda fell 4.6 percent to Rs 1,107.5 crore Margin stood at 12.4 percent versus 12.4 percent Deferred Tax Reversal of Rs 410.4 crore in the base quarter

NALCO (Q3, YoY) Revenue fell 23.2 percent to Rs 2,088.4 crore Net loss at Rs 34 crore versus net profit at Rs 301.8 crore Ebitda fell 93.3 percent to Rs 34.4 crore Margin at 1.6 percent versus 18.9 percent Raw material costs as a percent of sales at 52.6 percent versus 42.9 percent Chemical segment revenue fell 22 percent to Rs 1,013.8 crore Aluminium segment revenue fell 21 percent to Rs 1,336.2 Crore.
News Update:

ICICI Bank moved insolvency application against Mercator Ltd. for recovery of dues exceeding Rs 50 crore. Bank of Baroda and Axis Trustee have sought intervention to ensure that assets pledged to them by Mercator’s subsidiary are not included in the insolvency resolution process. Bank of Baroda and Axis Trustee have claimed that the subsidiary owes them dues exceeding Rs 200 Crores. NCLT will hear the matter on Feb. 12.

Avenue Supermarts QIP Issue closed on Feb. 10. Board approved the issue price at Rs 2,049 per share, which is at a discount of 18 percent to the closing price as on Feb. 10.

Cipla’s South African arm signed an agreement securing originator and authorized generic brands of an atypical antipsychotic drug, Quetiapine. Cipla to market and distribute the Medicine in South Africa and neighbouring countries.

Info-Edge to acquire up to 25 percent stake om Sunrise Mentors for Rs 37.1 crore.

Mahindra & Mahindra: CCI approved the formation of JV between Mahindra & Mahindra and Ford Motor and transfer of the automotive business of Ford India to the JV.

Setco Automotive: received notice from Bank of Baroda under SARFAESI Act for Rs 116.5 crore and also for notice on the aforesaid loan. The company said that it had taken up the matter with the Bank for withdrawal of notice after submitting a restructuring plan in December.

Capacity Infraprojects received a contract worth Rs 350.17 crore from a private sector client in Mumbai under its commercial and institutional portfolio.

GMR Infra’s arm GMR Airports has achieved Concession Commencement Date to design, build and operate a new airport at Crete, Greece.

GMM Pfaudler: SEBI imposed penalty of Rs 13.5 lakh on the promoters for contraventions in the Takeover Regulations from 2003 to 2012.

DISCLOSURE IN PURSUANCE OF SECTION 19 OF SEBI (RA) REGULATION 2014

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