Stocks Moving Early afternoon hours of trade, Tuesday

Tata Motors: Shares of leading automobile manufacturer Tata Motors Limited Gains 4.78 percent at Rs. 30.05 after China Reduces Import Duty on passenger cars to 15 percent, in the early afternoon hours of trade on NSE.

L&T:  Shares of Larsen and Toubro (L&T) snapped a 6-day decline, its longest losing streak in over two months, and was trading up by 0.60% to Rs 1,321.25 on NSE, after the construction major bagged an order worth Rs 4,033 crore.

Fortis Healthcare:  Shares of the hospital chain operator Fortis Healthcare Limited snapped 3-day gains and declined 2.09 percent to Rs 145.30. Fortis Healthcare will hold a General Meeting on changes of the board of directors. Its stock fell 7.5% so far this year and lost 24% percent in the past 12 months.

Infibeam Incorporation: Shares of the online marketplace Infibeam Incorporation Limited was trading down 0.06 percent to Rs 164.10. The company plans fundraising on May 30, as per stock exchange filing.

Essar Shipping: Shares of the Shipping & Logistics Company Essar Shipping Limited swung between gains and losses and was trading now at Rs 18.30 down by 2.22 percent. The stock has fell 43% so far this year.
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Markets turn Flat Ahead of Karnataka Exit Poll

Key benchmark indices turned flat after opening higher in the morning deals, as investors digested the outcome from the Karnataka exit polls, where it was mainly forecast that no party would be able to form the govt in the state on its own.

At 12:10 hours, the BSE index was trading down by 16.98 points at 35,518.81 while the NSE Nifty was at 10,797.10 down by 9.40 points.

Shares of Canara bank were trading down by 0.26%.  The Bank has posted a net profit of Rs 4859.77 crore for the quarter ending March 31, 2018, against a profit of Rs 214.18 crore. The gross NAP of the bank surged to 11.84 % againt 10.38% on Quarter on quarter.

Shares of Allahabad Bank were trading down by 2.74% at Rs. 44.45. The Bank has reported a net loss of Rs 3,510 crores. The gross NAP were placed at 15.96% V/s 14.38% on Quarter on quarter.

UCO Bank shares were also down in trade today, down by 2.39% at Rs. 18.35. The Bank saw net losses at the bank widen to Rs 2,134.36 crore v/s loss of Rs 588.19 crore, Year on Year.

Shares of Federal Bank were trading down by 0.11% at Rs. 89.95. The bank witnessed a fall of 43.5% in standalone net profit in the quarter ended March 2018.

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Nifty at 10,700 mark; Kotak Mahindra Bank stocks lead

Sensex, Nifty trade almost flat backed by buying in select private bank, FMCG, financial and auto stocks during afternoon trade on Wednesday.  Heavy selling in metal, IT, FMCG and Teck stocks restricted the gains.

At 2:30 PM, the BSE Sensex was trading at 35,165.68, up 5.32 points, while the NSE Nifty50 index was trading at 10,723.20 down 16 points. The BSE Midcap and SmallCap were down by 1.14% and 0.97% respectively.

SAIL stock fell 5.28% after 30.00 lakh shares changed hands in a block, while shares of Kotak Mahindra Bank zoomed 4.23% on the back of heavy volumes.

Nifty IT index was in the red  down by 1.61%  with shares of Infosys, TCS, Wipro, Tech Mahindra, Infibeam on account of losses in heavyweights including HCL Technologies (down 4.38%) during afternoon trade on Wednesday. 

Kotak Mahindra Bank (+4.23%), Zee Entertainment Enterprises Limited (+2.51%), ITC Ltd (+2.11%), Asian Paints (+1.68%), HDFC Bank (+1.60%) were the top gainers on Nifty50.

HCL Tech (-4.55%), Vedanta (-4.32%), Hindalco (-2.89%), Tata Steel (-2.77%) and Sun Pharma  (-2.73%) were the top losers at this point.

The IPO of Garv Industries opens today

Garv Industries Limited (GIL), the company involved in the business of multi-product trading and distribution of a range of aluminum & textile products, has received capital markets regulator Sebi's approval to float an initial public offer (IPO).

The company is offering 32,00,000 equity shares at issue price of Rs 10/- each making the issue size of  Rs. 3,20,00,000 approx.

1,70,000 equity shares of Rs 10 each will be reserved for subscription by market makers to the issue. The face value of the equity share is Rs. 10 and the issue price is 1 time of the face value.

The initial public offer will open today, 12 April, 2018 and will close on 17 April, 2018.

The Objects of the IPO is to raise funds for maintaining the working capital requirements and funding expenditure for General Corporate Purposes.

Mr. Rishu Agarwal, Mrs. Daya Bansal, and R.S Services Pvt Ltd are the promoters of the company. Aryaman Financial Services Ltd is the book-running lead managers to the issue.

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Sobha Ltd climbs over 9% on reporting strong yearly sales

Shares of Indian multinational Real estate developer Sobha Limited  surged over 9% in early trade on Friday after the company informed the exchanges that its  fourth quarter and year 2017-2018 reached out to be the best ever in  terms of value with growth across regions and product group. 

The scrip was trading 8.60 per cent up at Rs 551.80 at the mid noon hours (12:40 IST). Shares of Sobha Ltd opened at Rs 535.00 and touched a high of Rs. 564.00 during the day. Benchmark BSE Sensex was down 21.98 points, or 0.07 percent, at 33,574 and NSE Nifty too down at 15.10 points or 0.15% at 10,310.04, at the same time.

On the NSE, the stock opened at Rs. 550.00, and it surged further to Rs. 564.00 higher by 10.82 percent over its previous closing price.

Sobha Ltd registered new sales volume of 3.63 million SQ.ft, with the total value at Rs. 2861 crore, as per filing.

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Stock Buzz, Mid-noon hours of trade - Intraday Trading Tips

ICICI Bank shares fell 6.41% to Rs. 260.50 on NSE during the mid-noon hours, on Monday, after the bank announced its board expressed and reposed full faith in its M.D & CEO, Chanda Kochhar.

Nifty Auto Index was trading over 1.5 percent. Bosch (+3.47%), Tata Motors (+2.29%), TVS Motors Company Ltd, Maruti Suzuki India Limited (+1.62%), Bajaj Auto Limited (+1.75%).

Lupin Limited stock gains 3.62% at Rs. 762.50 after Canadian regulator clears Pithampur unit-II.

Stocks of Ashok Leyland Limited rose upto 1.07% at Rs. 147.00 as the company reported a 20 percent increase in total sales at 22,453 units for March as against 18,701 units in the equivalent month last year.

Bajaj Auto Stock advances 1.83% at Rs. 2,794.95  .after the company said that it has  sold 3,34,348 vehicles in March 2018 as against 2,72,197 vehicles in March 2017, registering a growth of 23 percent year-on-year.

Sandhar Technologies Limited’s scrip got listed at Rs 346.10 per share on the NSE, a 4 percent premium to the issue price of Rs 332.

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Yearly Watch out of Stock, Top Stock Advisory Company in India

Financial year 2018 has largely been a very good year for the share markets as the sensitive Index of BSE (Sensex) rose by 11.30% by 3,348 points to 32,968.68 during 2017-18. The index touched its all-time high of 36,443.98 on January 29, 2018.

On account of the surge in stocks, the total market capitalization (MCap) of BSE-listed companies jumped by Rs 20,70,472 crore to Rs 1,42,24,997 crore.

Investors' wealth rushed forward to Rs 20.70 lakh crore during the financial year 2017-2018 helped by strong broader market sentiment.  A stellar rally on number of successful Initial Public Offerings also helped the total investor wealth to rise.

The economic reforms such as implementation of Goods & Service Tax (GST), Regulation and development in real estate sector and the ongoing pick up in corporate earnings further aided the rally. Improvement in macro-economic performance including CPI inflation also stood positive for the markets.

However, the month February and March only turned out to be lethargic to a great extent, where Large Cap, MidCap and smallCap indices have fallen due to selling pressure from Long Term Capital Gains and increase in domestic and global bond yield.

Some specific stocks from the Nifty witnessed massive under performance, which include stocks of Lupin, Aurbindo Pharma, Sun Pharmaceuticals and Dr. Reddy’s Lab. Lupin pharma stock closed 57% lower than its price on April 1, 2017, whereas Aurobindo Pharma stock  was down 37% during the course of the financial year,  hit by squeeze in margins from the U.S business. Stocks of Sun Pharma also dropped 38% being another poor performer in 2017-18.

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Nifty Trading tips: Nifty Auto index up

Key equity indices were in the negative territory ahead of March Future and Option (F&O) expiry and ahead of the financial year ending. 

The Nifty Auto index was trading 0.24% up at 10,869, post lunch hours of trade, Wednesday, with shares of Maruti Suzuki India Limited, which was trading up 1.63%, being the top gainers. 

Shares of Hero MotoCorp (up 1.34%), Motherson Sumi Systems (up 0.65%), Bosch Limited (up 1.15%), Amara Raja Batteries Limited (up 1.15%) and MRF Limited (up 1.09 were also trading with gains. 

However, shares of Bajaj Auto were trading down 1.34% followed by Mahindra & Mahindra (down 1.00%), Bharat Forge (down 0.62%), Eicher Motors (down 0.54%), Tata Motors limited (down 0.51%), Tata Motors (DVR) (down 0.43%), Apollo Tyres (down 0.40%), Exide Industries (down 0.11%), and Ashok Leyland (down 0.07%) which were among the losers in the auto index. 

The NSE Nifty50 index was down 41.20 points at 10,142.95, while the BSE Sensex was 141.03 points at 33,033.36 at 2.25 pm, on Wednesday.

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Stock Tips-Sensex, Nifty gain on positive global cues

The BSE Sensex loaded on Monday's gains by rising up 108 points to end at 33,174 as strong global cues amid reports of easing global trade war fears strengthened investors' sentiment.  

The NSE Nifty-50 gained 53.50 points, to close at 10,184.15. All sectoral indices, led by metals, banking, and PSU, oil & gas and healthcare stocks were in the positive terrain.

Trading mood remained positive throughout the day on strong global cues. Reports of trade negotiations between the U.S. and China, eased worries of a trade war and enhanced investors' risk appetite. Moreover, short-covering by speculators ahead of March Future and Option (F&O) expiry and fiscal deficit data to be unveiled on Wednesday added to the up-move.

State bank of India emerged on top in the Sensex pack rising 3.04% at Rs. 253.85, followed by Indusind Bank (+1.56%), Tata Steel (+1.30%), Asian Paints (+1.16%­), TCS (+1.02%) and Maruti (+0.92%)

Top Gainers and Losers on NSE Nifty-50: IOC (+4.43%), Indiabulls HF (+3.94%), Hindustan Petroleum (+3.57%), Hindalco (+3.49%) and SBI (+2.8%) were the top gainers on Nifty50.

On the flip side, Bharti Infratel (-2.02%), Bharti Airtel (-2%), Bajaj Auto (-1.55%), Tata Motors (-0.47%) and HDFC (-0.38%) were the top losers in today’s trade.

Among 1,556 stocks traded on Nifty pack, 1142 stocks advanced, 372 declined and 42 stocks remained unaffected. A total of 12 stocks clocked a fresh 52-week high in trade today, while 120 stocks touched a new 52-week low on the NSE.

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Hero MotoCorp raises stake in Colombia joint venture

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The world’s largest two-wheeler maker Hero MotoCorp Limited on Thursday announced that the company has raised its stake in its JV in Colombia from 68% from 51%.

Hero MotoCorp Limited opened its fifth overseas manufacturing capacity, its first in Columbia, to cater to demand from the adjacent Latin American countries and to set up a base for exports outside India.

Shares of Hero MotoCorp Limited was last trading in the Exchange at Rs. 3,398.00 as compared to the previous close of Rs. 3,454.85.  The stock hit a high of Rs. 3461.00 and a low of 3353.75, during post lunch hours of deals on Thursday.

Meantime, benchmark BSE Sensex traded lower by 425.32 points, or 1.29 percent to 32,580.95, while the NSE Nifty50 declined 121.80 points, or 1.20 percent to 9,992.95, at 2.40 PM, Friday.

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HDFC: HDFC Asset Management Company, a subsidiary of HDFC has filed the draft red herring prospectus (DRHP) with the SEBI.  

Yes Bank, Fortis Healthcare; Yes Bank has sold 1.12 crore equity shares of Rs 10 each, constituting 2.17% of the paid up share capital of Fortis Healthcare, resulting into changes in holding of the bank by more than 2 percent of the total shareholding of Fortis Healthcare, from the last disclosure made by the bank on 13 March 2018.

Wipro: Wipro limited has announced that the company invested USD 2.02 million to acquire 20% stake in Avamo Inc., on a fully diluted basis.

Bharat Financial Inclusion: The non-banking finance company, Bharat Financial Inclusion Limited, completed its third securitization transaction in FY 2018 of Rs 450.82 crore. By this,   the company has completed securitization transactions worth Rs 1114.49 crore in FY 2018.

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ICICI Securities IPO OF Rs. 4000 Cr, opens on March 22

ICICI Bank announced that it will sell up to 77,249,508 equity shares of its subsidiary, ICICI Securities, via an IPO (initial public offer). The public offer of ICICI Securities will open for subscription on 22 March 2018 and will close on 26 March 2018. The anchor investor offer period will be open for subscription on March 21, the company said.

At the upper end of the price band, the offer could fetch over Rs 4000 crore. The price band for the offer has been fixed at Rs 519-520 per share. The face value will be Rs. 5 each and the minimum bid lot is fixed at 28 equity shares.

The filing further said that the offer includes a reservation of up to 38.62 lakh equity shares of ICICI Securities for purchase by ICICI Bank Shareholders, that is, the HUFs and individuals who are the public equity shareholders of ICICI Bank.

The objectives of the Initial Public Offering are to accomplish the benefit of listing the equity shares on the stock exchanges and for the sale of equity shares by ICICI Bank. The company looks forward to enhanced visibility and brand image through the IPO.

ICICI Securities registered total revenue of Rs. 14,042.3 million in the financial year 2017 and a total revenue of Rs. 8,527.7 million for the six months ended September 30, 2017.

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