Morning Business News Round Up_August 31,2017

Morning Business News :

  • Aim of demonetisation was not to confiscate money: FM
  • Almost all denotified notes back in the system: RBI
  • Government notifies e-way bill, exempts some items
  • Aadhaar data kept only on own secure servers: UIDAI
  • NDB approves $1.4 bn loan for India, China, Russia
  • US economy grew 3 per cent in Q2: Commerce Dept
  • Investor plaint on brokers: Sebi disposes of case agst NSE
  • Bird Group interested in acquiring AI’s ground handling biz
  • Wipro gets shareholders approval for Rs 11,000-cr buyback proposal
  • BSE’s ‘compulsorily delisting’ plan runs into legal hurdle
  • Govt extends OBC creamy layer to PSUs, financial instts
  • Govt rules out cutting taxes on petrol, diesel
  • Govt to tighten import norms for steel products
  • G-Sec yields have remained sticky despite RBI’s rate cut
  • Flipkart increases paid up capital to be a GST Suvidha Provider

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  • India may see low plant load factor until 2018-19, says study
  • Agri Ministry wants tax exemption for FPOs
  • NTPC OFS gets tepid response from institutional investors
  • Govt to appoint transaction advisers for Air India disinvestment
  • RIL to raise Rs2,500 crore via debentures
  • Aditya Birla Capital to be listed on 1 September
  • Aurobindo Pharma in talks to buy Shreya Life Sciences’s Russia business
  • Persistency ratios show life insurers struggle to keep policyholders on board
  • Economic activity to expand 7.3 pct this fiscal: RBI
  • RBI annual report: Nearly 8 lakh pieces of fake notes detected in FY17
  • DIPP approves 2 FDI proposals in single brand retail sector
  • Moody’s cuts foreign currency deposit ratings of IDBI Bank
  • Schaeffler to merge three Indian entities into a single firm
  • Battle for India’s $45b gold industry has begun
  • L&T sees $28b golden goose in defence contracts
  • Deadline for Aadhaar will be extended till Dec 31: Govt to SC
  • Cabinet nod for ordinance to hike cess on luxury vehicles
  • BI readies 2nd list of bankruptcy candidates, mostly infra companies

Ongoing SME IPO_ ANG Lifesciences India Limited

SME IPO : ANG Lifesciences India Limited

Issue Opens 29-Aug-17
Issue Closes 31-Aug-17
Issue Price 80
Lot Size 1600
Issue Size 12.01 cr
Lead Manager Guiness Corporate Advisors Pvt Ltd
Registrar Bigshare Services Pvt Ltd
Platform BSE SME

Promoters of the Company :

  • Mr. Rajesh Gupta
  • Mrs. Saruchi Gupta

Registered Office: Darbara Complex, SCO 113, First Floor, District Shopping Centre B Block, Ranjit Avenue, Amritsar – 143 001

Object of the Company:

Our company is ISO-9001:2008 certified and has the modern & sophisticated plant, equipments, technique and
manpower. The planning and construction of plant has been done to conform to the regulatory requirements as per
the norms of WHO G.M.P. and G.L.P. as per schedule-M (revised). We manufacture our products in compliance
with GMP requirements. We have dedicated area, machinery, facilities and advanced equipments for manufacturing
of B-Lactum & Non-B Lactum products as per GMP Norms. The production block provides appropriate personnel
and material flow. As per GMP norms, all the production processes are documented and validated to establish the
accuracy of the procedures and the control measures. Our production capacity is 700 Lakhs Pcs per annum on per
shift basis.

Our products include sterile dry powder vials for Anti Biotics, Anti Ulcerant, Gluco corticoid and Anti
inflammatory, Anti malarial and Anesthetic.

Financials :

16-17 15-16 14-15 13-14 12-13
total Assets 4686.16 3549.33 2584.4 2517.82 2137.52
tottal reveue 6791.82 5513.32 3693.63 3461.89 1628.64
PAT 292 165.48 40.4 19.29 -6.21
DEBT 1157.65 1177 1014.3 1102.91 1270.55

EPS : 7.93

P/E @ share Issued : 10.09

RoNW : 38.47%

Net Asset value of share : 20.62

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Morning Business News Round Up_August 29,2017

Morning Business News :

  • World’s 1st diamond futures bourse opens in India
  • Promoters may take part in Infosys share buyback
  • Greenko eyes R-Infra’s Mumbai power biz for $2 bn
  • Govt sanctions over 2.17 lakh houses for urban poor
  • EPFO diverting money to riskier bonds to earn more
  • Trai seeks views on sale of 5G services spectrum
  • The cost of clean water is $150 bn a year: World Bank
  • Tata Teleservices plans to invest Rs 4,000 cr in listed arm
  • Centre to divest up to 10% stake in NTPC for Rs 13,800 cr
  • IDBI Bank looks to exit early from NSE
  • GST to have positive impact on states’ finances: Ind-Ra
  • Lenders of Jaypee Power seek bids for 30% stake dilution to recover debts
  • Reliance Capital shareholders to get 1:1 stock of home finance arm
  • L&T Construction bags orders worth Rs. 1,975 cr
  • NSE now eyes mega Rs.10,000-cr IPO by Feb-Mar next year
  • ACC, BoB & Tata Power to move out of Nifty 50 wef Sept 29
  • Despite sharp cuts by PSU banks, foreign banks command lowest MCLR
  • Dr Reddy’s faces class action suit in US court
  • Iron ore stockpiles swell on imposition of export duty
  • RBI may consider linking bank loans to repo rate
  • NSE adds Bajaj Finance, HPCL, UPL Ltd to Nifty 50, removes 4 stocks

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  • Insolvency case: IRP verifies claims of over Rs44,498 crore against Bhushan Steel
  • SSG Capital Management in talks to buy stake in Emco Ltd
  • L&T Finance among India’s five most valuable NBFC firms
  • Gilead to buy Kite Pharma for promising cancer therapies in $12 billion deal
  • Over 36 lakh businesses file GST returns so far
  • Fringe benefits availed by employees liable to GST
  • DLF looking at Mumbai, Bengaluru to build commercial assets
  • Appetite for telecom spectrum only by early 2019, says COAI
  • Brexit talks face ‘very big gap’ as new round begins
  • Sensex makes 155-pt gain on easing Indo-China tension
  • Startups can raise 100% funds from foreign investors
  • Essar Steel lenders want to bring in new investors; Tata, JSW keen

Morning Business News Round Up_August 28,2017

Morning Business News  :-

  • Sebi may force MFs to merge schemes in same category
  • Abercrombie & Fitch planning to enter Indian market
  • Remove agri from Essential Commodities Act: Niti Aayog
  • Govt notifies changes in Banking Regulation Act
  • RIL, BP to use floating system to produce D6 gas find
  • DLF expects GIC rental arm deal to be concluded by Nov
  • Middle East giant in talks to buy Sahara’s US hotels
  • EPFO mulls crediting ETF units to PF accounts
  • PSU banks take action against 5,954 wilful defaulters to recover Rs 70k cr
  • JSW makes another dash for troubled Italian steel mill
  • Maruti continues to lead PV market; 7 models in top 10 list
  • BSE board approves another 5-year term for Ashish Chauhan as CEO
  • Canadian investors court Bengaluru realtors for tie ups
  • OIL seeks shareholders’ approval to raise 7,000 cr through bonds
  • Future Group to focus on small stores to build brand presence
  • New norms for solar power bids to enhance transparency: MNRE
  • Growth worries spook FPIs, Aug net equity outflow at $2 bn
  • Indian Immunological’s herbal product for animals
  • Heritage Foods sees boost from value added products
  • Foreign ownership in BSE–200 rises by 43 bps to 24.93% in Q1
  • Petrol price up by Rs6 per litre since July, diesel by Rs3.67
  • Vodafone flags concerns over further cut in mobile termination charges

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  • Supertech gets green nod for Rs1,130 crore Sports Village project in Greater Noida
  • Sebi questions fundraising on LinkedIn
  • Infosys employees focus on ‘next big idea’, unperturbed by boardroom blues
  • Trai asks Idea to submit Rs3 crore for overcharging subscribers
  • India facing problem of severe under-employment, says Niti Aayog
  • Black money: Swiss panel to discuss info-sharing safeguards with India, others
  • New highway projects worth Rs 1 lakh crore in Rajasthan: Nitin Gadkari
  • Vodafone flags concerns over further cut in MTC
  • No subsidy for sugar mills to begin crushing early
  • Tata Motors working on alternative plans for Nano: official
  • FC Investigation: 17,000 dubious firms caught laundering in DeMo net
  • Diversified portfolio is the best defence against uncertainty

Weekly Markets Sentiment_26.08.2017

Markets closed flat for the week. Nifty managed to close above 9850. Sentiment is cautious. Some of the counters are still under the bear grip and recent fall has done a lot of damage. N.Korea war talks, Japanese sanctions on N.Korea are some of the events markets are living through. Indian markets are witnessing one of the biggest FII selling seen in recent times. DII flows continue to support the market.

Technically speaking 9750 is the two-week low Nifty has made. This level unless breached should provide adequate support in the days to come. Conversely if 9750 is breached 9500 is inevitable. The market should remain range bound with undertone being bearish. Fresh positive triggers are not in sight however markets will keep finding negative triggers.

Fundamentally speaking we are still at historic highs. Most of the indices all across sectors are trading at stretched valuations. A 10-15% correction will do no harm frankly speaking. Having said that liquidity is robust and hence till flows are strong such correction doesn’t seem in sight.

Global markets are in similar shape. DOW is steady below 22k however given the geopolitical tensions a correction can drag it lower. World over markets are in wait and watch mode as things unfold in the N Korea v/s the world issue.

Sectors to watch – again Pharma companies will see some steady trading. Bottom fishing can be done in this sectors. Stocks like Dr Reddy’s, Lupin and Sun Pharma are heavy weights which will see interest. Nifty pharma index can scale to 10k soon. Metals are the strongest sector in play currently. Nifty metal index can scale to higher levels given market stability. Overall markets are going to be range bound given the over all situation. Unless fresh triggers the Nifty range for the expiry week should be 9750-9950. Either side breakout will give fresh legs to momentum.

Forth Coming SME IPO_Pushpati Cotspin Limited

SME IPO : Pushpati Cotspin Limited

Issue Opens 28-Aug-17
Issue Closes 31-Aug-17
Issue Price 75
Lot Size 1600
Issue Size 20.88 cr
Lead Manager Hem Securities Ltd
Registrar Sharex Dynamic (India) Pvt  Ltd
Platform NSE Emerge




We are engaged in the business of processing of Kapas (raw cotton) by way of Ginning of cotton, spinning of cotton yarn and delineating Process. The products manufactured at our Company include Cotton bales, Cotton yarn and Black Cotton seeds (Delineate Seeds). By setting up of the Ginning and Spinning unit our Company has entered into a forward integration of the Textile industry by manufacturing of cotton yarn to cope up with the changes in the fashion consciousness, development in the cotton textile sector and synchronizing with the initiatives provided by the Central and the state Government.

The manufacturing facility of our Company is situated at Kadi of Mahesana District in Gujarat state which is close to the rich cotton growing areas of Maharashtra and Saurashtra (region) of Gujarat. The company has established a capacity of the spindlage of total 25536 spindle, and 56 ginning units. Our plant is equipped with modern and automatic plant and machinery. The level of advancement determines the productivity of machines and labor, which in turn, determines the production and profitability of our Company. Our technical team in spinning is well equipped with modern spinning technology and processing techniques by virtue of which we are able to ensure quality yarn. Technology is a crucial aspect of the cotton yarn industry. Our Company is also using the storage space available with us for the purpose of letting it out to customers and thereby earning lease rentals as consideration.

Object of The Issue:

  1. To Meet Working Capital Requirement
  2. General Corporate Purpose
  3. To Meet the Issue Expenses


 (Rs. in Lacs) 16-17 15-16 14-15 13-14 12-13
total Assets 18561.66 14893.36 15171.02 12412.92 826.59
tottal reveue 22775.14 20982.83 22059.43 8557.55 0
PAT 1348.2 843.01 808.28 31.79 -11.29
DEBT 12630.73 10100.71 11133.56 9669.2 0

EPS : 11.41

P/E @ share issued : 6.57

Return on Net Worth : 22.71%

Net Asset Value per Share : 50.27

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Morning Business News Round Up_August 23,2017

Morning Business News :

  • Tower cos can cut energy cost by 40% using green tech
  • Idea seeks DoT’s nod for merger with Vodafone
  • Infy board blaming Murthy to hide own failure: Ex-CFO
  • Tax dispute: Delhi HC halts 2nd arbitration by Vodafone
  • Murthy to address investors to take on board
  • TaMo took cartier bracelet unanimous decision to stop Nano: Mistry
  • UC Browser under govt scanner over data leaks
  • GMR lines up Rs 16,000 crore for Delhi airport upgrade
  • Essar Oil deal done, hurdles stay for group’s steel, power firms
  • RBI hikes foreign investment limit in Eris Life to 49% from existing 24%
  • Apex Frozen Foods IPO subscribed 40% on first day

Image result for Apex Frozen Foods IPO

  • Qatar deposits $7 billion in July to offset crisis outflows
  • Enforcement Directorate mulls selling Mallya’s shares in UB
  • FSSAI plans food safety index to measure performance of States
  • Keeping a watch on Infosys share price: SEBI Chairman
  • Ashok Leyland, IIT Madras sign MoU
  • LIC Housing Finance looking to boost lending to affordable home segment 3
  • Poland’s Medicover AB picks cartier nail bracelet replica
    up 22% stake in Maxcure Hospitals
  • Eros Worldwide offloads 1.17 cr EIML shares to pay debt
  • RBI moves forward to battle rupee flood
  • Govt eases environmental clearance rules for solar power projects
  • Around 100 brokers fake cartier bracelets
    under lens for helping shell companies
  • Essar Oil minority shareholders to earn more on shares tendered during 2015 delisting
  • DCM Shriram Industries Q1 net profit at Rs32.58 crore
  • PM Narendra Modi tells CEOs to help boost agricultural economy
  • India’s foreign reserves at record high: DBS
  • IRL impact: Hindustan Copper Ltd decides no more exclusive foreign partners
  • L&T to sell replica cartier love bracelet some non-core businesses to become more nimble
  • Micro-finance institutions’ loan portfolio increases 26 pc in Q1 to Rs 35,000 cr
  • Bank strike impacts Rs 22,000 cr business, some ATMs go dry
  • RIL mulls entry into power storage business with BP
  • Name & shame default strategy stepped up as NPAs mount

Forthcoming SME IPO_Shish Industries Limited

SME IPO : Shish Industries Limited

Issue Opens 23-Aug-17
Issue Closes 28-Aug-17
Issue Price 30
Lot Size 4000
Issue Size 4.05 cr
Lead Manager Corporate Capital  Ventures Pvt Ltd
Registrar Bigshare Services Pvt Ltd
Platform BSE SME

Promoters :

  • Mr. Satish Kumar Maniya
  • Mr. Rameshbhai Kakadiya

Profile :

The Company was originally a partnership replica cartier firm Shish Industries which is engaged in manufacturing of Plastic sheets corrugated box manufacturing. The company also exports its various products to UAE, Oman, Myanmar cartier nail bracelet replica

Object of the Issue:

  • Capital Expenditure
  • Working Capital requirement
  • General Corporate Purpose
  • Meeting Public Isssue Expense


16-17 15-16 14-15 13-14 12-13
total Assets 514.47 473.68 427.7 127.68 25.2
tottal reveue 536.73 387.83 97.55 0.46 0
PAT 5.49 3.25 -26.59 -1.73 -1.18


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Morning Business News Round Up_August 22,2017

Morning Business News :

  • ONGC board approves HPCL takeover
  • Ruias shave off 67% of Rs 1.05 trillion group debt
  • Hong Kong clocks 40% increase in trade with India
  • SBI offers up to 100% processing cartier replica fee waiver on loans
  • Govt gets Rs 42K cr tax so far in first filing under GST
  • EOL deal bans Ruias from re-entering oil refining
  • BSE to delist fake cartier bracelets
    200 companies from Wednesday

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  • Tata Power enters electric vehicle charging segment
  • Essar Oil completes sale of assets to Rosneft-led consortium for $12.9 bn
  • NCLT mulls taking insolvency petition against Era Infra to larger bench
  • Infosys ADR holders complain to Sebi
  • US wants greater access to Indian agri market via tariff cuts
  • USFDA makes 2 observations at Laurus Labs’ Parawada unit
  • Indian Energy Exchange gets SEBI nod for IPO
  • MFIs need upto Rs 11,000 cr over next three years: Report
  • Exxon, Shell, Total, RIL lead line-up to explore oil in India
  • Aurobindo Pharma gets USFDA nod for HIV drug
  • Industry wary over government’s new pharma policy
  • Capital Float raises $45 million in series C led by Ribbit Capital
  • Govt all set to hike GST cess on luxury cars, via ordinance
  • NTPC seeks shareholder nod to raise Rs15,000 crore via bonds
  • IHCL faced ‘near-death experience’ due to acquisitions: Cyrus Mistry office
  • Retail inflation to be well within RBI’s 2-6 per cent cartier nail bracelet replica
    target: BofAML
  • India consumer confidence sees largest dip in APAC: Mastercard
  • Boost clean energy, reduce emission or see economy dip: Piyush Goyal
  • Tata Motors to invest Rs 4K cr to speed up sales in India
  • Pai flays Sikka for blaming Murthy to cover up his ‘bad performance’
  • Honda Motorcycle eyes to sell 6 million units in FY17-18

Weekly Markets Sentiment_19082017

Markets were up about 1.2% for the week. Sentiment has turned cautious if not negative. As expected, Nifty did show a good dead cat bounce for the week. However it failed to close above 9900 firmly. Cut short by a holiday and a long holiday weekend, markets managed to stay in the green for the week. The close could have been better but for the Infy saga. The fundamental news flow was the reason markets took a tanking fake cartier bracelets
on the last day. Street is nostalgic again with the Infosys board room war drama. October had seen Tata Group wage in a battle that dragged for months. This time it is the IT giant. Buyback of 13k crore was approved and Mcap of 22k+ was eroded.

Technically speaking, soured sentiment will have a fizzle out effect. Sell on rallies is the rumor. 9900 is pivotal resistance and 10k is a distant dream. Those trapped will wait and new entrants cartier nail bracelet replica
are likely to come in at a lower range. The recent sub 9700 lows are bound to be tested again. Sentiment is not bullish and bottom seems far away. 9500 has seen aggressive writing and should act as a base. It is crucial that Nifty defend its 50-DMA around 9800 for short-term balance.

Fundamentally speaking, after the recent fall, we are still expensive. Results were mix pack and not that great. Fund flows continue from the domestic investors. DII keeps pumping in the SIP and retail money. FII is a strong seller. Barring one odd bulk deals, they sold every single day to the tune of 1000cr! Time cartier love bangle will tell who will have the last laugh but for now liquidity is gushing and supporting the market.

Globally, uncertainty continues to grip markets. White House drama held the US markets in the negative zone with Dow below 22k. The tensions of Korea are still clear and present. Markets there too have a liquidity support. Jobless claims in US came in at the lowest in a long time.

Sectors to watch for the next week – Pharma. Continue to bottom pick individual stocks, Nifty Pharma should find its bottom soon. Better be a buyer of the last 10% fall than the last 10% rise. Metals should continue to do well. World over metal prices are rising. Nifty Metal should hit a new high given the momentum. All other sectors are wait and watch. Sell on rise is the theme.