Markets Weekly Sentiment_05082017

Markets ended the week on a flat-positive note. Nifty managed to defend 10k after briefly losing ground in the middle of the week. The sentiment remains bullish. Participants are being overly cautious now. Although no euphoria is being sensed, markets continue to get support from liquidity. Result season continues to unwind with pressure mounting on Pharma stocks. PSU banks also did not come out with that great results. Auto numbers stand out as monthly sales were reported mostly in line. One dominant leader – Maruti continues to do well. The stock is probably running as fast as its cars – if not more.

Technically speaking on weekly charts Nifty looks to be overbought. It can, however, continue to grid upwards given the “unlimited money” that keeps coming in. 10000 is a key short-term defending level where the Nifty is likely to bounce around. 9900 continues to be a very strong weekly support for bulls. Like last week 10130 or a close above 10100 is required for fresh legs. Till then the markets over all are likely to consolidate.

Just like any other week, fundamentals have not changed. Some results are good, some are bad, some are worse. The markets continue to remain at an elevated level. P/E is stretched and well near historical highs. Valuations do not warrant any fresh capital to be committed at this level. Some pockets of the market however do provide some value. Contrarian buying opportunities can be seen in places. Lack of negative triggers coupled with ample liquidity is keeping the market afloat.

Globally the rally continues to support. Last week APPLE ensured that DOW hits 22k! A record for the index. Results continue to surprise wall street. Markets across the world are having similar patterns. Waves of liquidity and complacency in terms of risk taking are keeping them afloat.

Sectors to watch will be pharma and metals. Major sector indices are at record resistance levels. Technically fatigue and exhaustion can be seen. However these levels can be taken out after a brief stint of consolidation.

SME IPO_Ashok Masala Mart Limited

SME IPO : Ashok Masala Mart Limited

Issue Opens:  7th Aug. 2017

Issue Closes: 11th Aug. 2017

Issue Price: Rs 10/-

Lot size: 10000 shares

Issue size: Rs 2.01 crore

Platform : BSE SME

Lead Managers: Navigant Corporate Advisors Limited

Registrar: Karvy Computershare Private Limited

Promoters:

  1. Ashok Chothani
  2. Neeraj Chothani
  3. Sunil Chothani

Object:

  1. To Purchase the new corporate office and its interior expenses
  2. To part-finance incremental working capital requirements
  3. To meet the general corporate expenses
  4. To meet the expenses of the Issue

Profile: We have started our progressive journey in 1975, when Mr. Shivji Chothani laid the foundation of our company in the year 1975 as a sole proprietary concern namely “M/s. Ashok Masala Mart” in Mumbai. He began with himself sourcing of raw material and grinding and blending of spices and selling them in retail market. After completion of successful journey of 38 years, we have been established as a limited company to increase the spectrum and volume of operations.

We are presently engaged into manufacturing and supplying of blended spices, whole spices and grinded spices.

We have been supplying the traditional and delectable range of spices. We are committed to manufacture and
supply different types of spices, meeting highest quality standards in line with customer requirements.

We have two brands “APPU MASALA” & “GAYATRI MASALA” with more than 30 types of Spices and Masalas
including instant mix range such as Pav Bhaji Masala, Chaat Masala, Tea Masala, Garam Masala, Sambhar Masala,
Punjabi Chole Masala, Biryani / Pulav Masala, Kitchen King Masala and various Powders like Red Chilli Powder,
Jeera Powder, White Pepper Powder, Turmeric Powder. We are positioned as professional and built a reliable
reputation within Maharashtra’s spices arena.

Financials:

16-17 15-16 14-15 13-14
Total Assets 471.24 245.57 346.53 24.74
Total Reveue 838.66 287.82 387.39 3
PAT 12.13 3.48 3.33 1.27

 

EPS: 0.59

P/E @ share issued: 16.95

RoNW: 3.55%

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Morning Business News Round Up_August 07,2017

Morning Business News :

  • GST rollout has been smooth: Arun Jaitley
  • Mukesh Ambani’s plan to make RIL most innovative co
  • Air India stake sale: Parl panel to hear govt views
  • Modi’s black money drive gets a big Swiss fillip
  • Eros, Apple explore mega $1-billion content sale
  • Srei Group likely to have sold stake in Viom for loss
  • Lenders meet today to review insolvency cases
  • MobiKwik eyes raising $100 million in funding this year

Image result for MobiKwik

  • Sebi plans to beef up cyber security, hire advisor to tackle tech glitches
  • CCL gets green nod for Rs 1,538-cr Konar mine expansion
  • UK ready to pay up to 40 bn euros to leave European Union: Report
  • UK-based Liberty House sends plan on ABG Shipyard to NCLT
  • India’s LNG shipbuilding plans run aground
  • Bank unions call for all-India strike on Aug 22
  • Regulations in auto sector still evolving in India, says McKinsey
  • Calls for rate reviews for 150 items with GST Council
  • TRAI, app firms to deliberate on speed testing methodologies
  • Nifty may double within 3-4 years: Mark Mobius
  • 12 PSU banks firming plans to raise funds from markets
  • Switzerland finds India’s data security laws adequate for auto-sharing bank info
  • NTPC seeks licence to set up charging stations for electric vehicles
  • ICEX likely to launch diamond futures trading by August-end
  • US municipal bond sales fall, on course for long-term supply drop
  • Consensus on SAIL, ArcelorMittal JV deal likely in 2 months: Niti Aayog
  • Hindustan Zinc to become fully underground mining company by FY19
  • SBI, ONGC, IOC part of new ETF
  • Govt to sell up to 25% stake in 4 defence PSUs via IPO

Forthcoming SME IPO_ Vaishali Pharma Limited

SME IPO : Vaishali Pharma Limited

Issue Opens 7-Aug-17
Issue Closes 10-Aug-17
Issue Price Rs. 71 to 72/-
Issue Size 14.22 cr approx
Lot size 1600
Lead manager Pantomath Capital advisory Pvt Ltd
Registrar Bigshare Services Pvt Ltd

Promoters: Atul Vasani & Jagruti Vasani

Registered Office: Aravali Business Centre, R.C.Patel Road , Off. Sodawala Lane , Roshan Nagar, Borivali West, Roshan Nagar, Borivali West, Mumbai, Maharashtra 400092.

Profile: The company engaged in pharmaceutical formulations, APIs, surgical products, veterinary supplements, herbal & nutraceutical products. They are operating both in domestic and export markets. They have also established office in the Vietnam. At present they are supplying in around 10 countries.

In domestic markets, they are majorly into trading of APIs whereas in export markets, they are into trading and marketing of APIs, formulations, surgical products and others. Recently they have applied for 186 registrations in 13 countries for some of their products and received 71 approvals from 7 countries.

Object of the Issue :

  1. Working Capital Requirements
  2. General Corporate Purpose

Financials:

16-17 15-16 14-15 13-14 12-13
Total Assets 4464.87 4941.31 4579.5 5342.97 4858.17
Total Reveue 6711.22 6989.13 9882.37 12156.9 11909.85
PAT 66.37 -3.03 16.15 30.05 60

EPS : 2.21

P/E at share issued : 31-33

Return on Networth: 17.16%

Net Asset Value per Share : 12.90

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Morning Business News Round Up_August 04,2017

Morning Business News :

  • After Essar, banks now set eye on Videocon’s Rs 43k cr debt default
  • Bad loan: RBI to take up more cases, says Jaitley
  • Infy to buy customer experience studio for £7.5 mn
  • Lok Sabha passes 2 bills extending CGST, IGST to J&K
  • No NOC to old vehicles if states don’t comply: NGT
  • Oil majors gushing in cash despite cheap crude
  • Amazon, Grofers get govt nod for Rs 3,700 cr FDI in food retail
  • NSE meets shareholders, looks to list by March 2018
  • IOC Q1 net down 45% to Rs 4,549 cr, GRM more than halves to $4.32
  • Govt raises Rs 327 cr from Hindustan Copper share sale
  • Chocolate mithais to attract 5% GST, govt clarifies
  • Cochin Shipyard IPO subscribed 76 times

Image result for ipo oversubscribed

  • SEBI panel to study use of fintech solutions for securities market
  • Lok Sabha passes Bill to replace NPA Ordinance
  • Lupin gets USFDA nod for cholesterol-lowering drug
  • Businesses can start filing July returns on GSTN from Aug 5
  • Interest rates to gradually become reasonable: Jaitley
  • Banks may need 20% incremental provisioning for 50 large NPAs’
  • Oil companies hike fuel pump dealers’ commissions
  • SBI to mobilise Rs2,000 crore via Basel-III bonds
  • Cognizant profit rises 86% to $470 million, revises annual revenue guidance
  • Jio interconnection: Delhi HC seeks DoT view on Trai suggestion to penalise Idea Cellular
  • RCom-Aircel merger needs Supreme Court nod: Telecom dept
  • FDI in textiles doubled to $619 million in 2016-17
  • Kalyani Group opens missile making unit with Israel’s Rafael Advanced Defence System
  • Services sector contracts by most in 4 years on GST woes: PMI
  • Central bank flags poor transmission of past rate cuts through MCLRs
  • Indian Oil Corporation steps up crude oil import from US
  • Govt drafting central law to deal with chit fund schemes: FM
  • FM defends SBI decision to cut saving account interest rate
  • RBI to set up task force on public credit registry

Markets Weekly Sentiment_29072017

Markets had a decent week and expiry. Nifty not only defended 9900 but also managed historical closing above the 5 digit mark. Markets were up about a 1% point this week with Nifty above the 10k mark. The sentiment is bullish. Is it euphoric yet? Well difficult to say or judge but to our best understanding not yet. Lack of clear negative triggers and ample liquidity are keeping the markets afloat for now.

Results continued with positive surprises in Yes Bank – the stock rallied 10%! The seasons bulk of the news flow is behind us, however some crucial pockets still to come out. Mid caps will continue to be in action and it will be worth to see how some of them react to individual results. The valuation in the mid cap and small cap space seems to tell you a different story.

Technically speaking, Nifty should be in the process of shifting the base to 9900. Till that is defended, bulls need not worry. At the same time 10100+ was the high it hit on its way up. Automatically that becomes the level to cross. Since these are historical highs, it is difficult to claim resistance. No calculations would work.

Having said that – we continue to believe that nothing has changed fundamentally for the market. Nifty still trades at a historically high P/E multiple. Liquidity and lack of negative triggers are keeping the bears at bay. It may be wise to exercise extreme caution when you are investing. One cannot expect to make huge money in the short to medium term by investing at these levels. Stock picking should be the focus.

As mentioned in the last week Pharma was on caution and results of Dr Reddy proved to be the trigger. The index corrected 600 points and now is dangerously poised to go lower. Watch out of Nifty pharma 9400 levels as bears will be active to break those. Caution is also advised in metals space as Nifty metal hit a weekly resistance and failed to keep up. Rally seems to be losing steam. The Nifty bank is nothing less than euphoric and overbought. However further upside cannot be ruled out as it is in one of the best bull runs in recent times. This space should continue to see some action coming week. Other sector that should see some funds chase stocks is Infra. Watch out for the Nifty Infra index as it sustains above 3300 – there should steam left in this rally.

Forthcoming IPO_ Cochin Shipyard Ltd

Cochin Shipyard Ltd IPO (Cochin Shipyard IPO) Detail

Issue Detail:

Issue Open Date Aug 1st , 2017 Price Band : Rs 424 – Rs 432  
Issue Open Date Aug 3rd , 2017 Minimum Bid Qty : 30  

Discount of Rs 21 is offered to RII and Employee. Discounted price band is Rs 403 – Rs 411 for Retail and Employee.

Objective :

Company proposes to utilize the Net Proceeds towards funding of the following objects:

  1.  Setting up of a new dry dock within the existing premises of the Company (“Dry Dock”);
  2.  Setting up of an international ship repair facility at Cochin Port Trust area (“ISRF”); and
  3. General corporate purposes.

 Business Description :

 Incorporated in 1969, Cochin Shipyard Limited is one of the largest public sector shipyard in India in terms of dock capacity. They operates a shipyard that provides shipbuilding and ships/offshore structures repair services.

Cochin Shipyard’s shipbuilding activities include the construction of vessels for clients operating in the defense and in the commercial sector shipping industry. In addition to shipbuilding and ship repair, they also offers marine engineering training programs as well as offer additional courses, including six months practical training for marine engineering students from colleges affiliated to universities, fire prevention and firefighting, and elementary first aid training through its marine engineering training institute; and chemical, mechanical, and non-destructive testing services of metals, welds, and alloys.

They have built and delivered vessels across broad class ifications including bulk carriers, tankers, Platform Supply Vessels (“PSVs”), Anchor Handling Tug Supply vessels (“AHTSs”), barges, bollard pull tugs, passenger vessels and Fast Patrol Vessels (“FPVs ”). They are currently building India’s first Indigenous Aircraft Carrier (“IAC”) for the Indian Navy.

Company Promoters:

The President of India is the promoter of the company. The Promoter along with its nominees, currently holds 100% of the pre-Issue paid-up equity share capital of the Company.

Company Financials:

Particulars

For the year/period ended (in Rs. Million)

31-Mar-17

31-Mar-16

31-Mar-15

Total Assets

33,164.37 33,488.61 28,912.85
Total Revenue 22,085.01 20,968.81

16,604.52

Profit After Tax 3,121.82 2,917.52

692.82

 

Company Contact Information :

Cochin Shipyard Ltd
Administrative Building,
Cochin Shipyard Premises,
Perumanoor, Kochi – 682015
Phone: +91 (484) 2501306
Fax: +91 (484) 2384001
Email: secretary@cochinshipyard.com
Website: http://www.cochinshipyard.com

IPO Registrar :

Link Intime India Private Ltd
Link Intime India Private Ltd,
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: sis.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

 

IPO Lead Manager(s) :

  1. Edelweiss Capital Limited
  2. JM Financial Consultants Private Limited
  3. SBI Capital Markets Limited

 

To Subscribe, Click here

SME IPO_Surevin BPO Services Limited

SME IPO : Surevin  BPO  Services Limited

Issue Opens: 28/07/2017

Issue Closes: 01/08/2017

Price Band cartier jewelry replica : Rs. 38-40

Lot Size : 3000

Lead Managers: Hem Securities Limited

Registrar : Sharex Dynamic India Private Limited

Promoters: Mr. Abhishek Gupta & Mrs. Sonika Gupta

Registered Office : 40, Mandakini Housing Society, Behind Reliance Fresh, Kolar Road, Bhopal – 462036, Madhya Pradesh, India.

Profile of the Business: We believe that we are one of the leading certified service providers of IT Solution & Business Services, Outsourcing Services, Digital Solutions and Marketing, Data Enrichment & Management Service, Skill Development & Training Program and HR Consultancy provider to our clients. With the right balance of technical expertise and vast industry knowledge we strive to create customer satisfaction considering the nature of work with an innovative approach maintaining integrity and confidentiality replica cartier of the business. Currently we are mainly engaged in Outsourcing Services which includes Inbound and Outbound Call, Software Development and providing optical fibre cabling to Reliance, Idea and BSNL.

Objects of the Issue:

  • To Meet Working Capital Requirement
  • To meet cartierlovebracelet.co the Issue Expenses
  • General Corporate Purpose

Financials :

Particulars (Rs. in lacs) 16-17 15-16 14-15 13-14 12-13
total Assets 846.55 817.15 586.93 365.01 335.44
tottal reveue 1528.26 1528.86 1057.68 607.62 544.15
PAT 151.97 177.45 73.25 10.02 -47.55
DEBT 107.36 79.08 151.48 134.25 100.87

Return on Networth: 32.03%

Net Asset value per share cartier nail bracelet for men
: 19.17

EPS of the Company :6.14

P/E at share issues : 6.14

Industry Average P/E : 24

 

For More Details Click here

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Morning Business News Round Up_July 28,2017

Morning Business News :

  • Why expats in India and NRIs may end up in tax trouble without UID
  • National Company Law Tribunal approves Dish TV-Videocon D2h merger
  • GST weighs down on global FMCG cos’ performance, but most welcome move
  • Vedanta sees golden opportunity to buy Deccan Gold Mines
  • Government may prefer another airline as Air India buyer
  • Ruias strike complex royalty deal with new owners of Essar Oil
  • Advent International buys significant stake in Dixcy Textiles
  • Franchisees scale down operations amid competition from online rivals
  • ‘Running against time’ to close Aircel deal: Reliance Communications to NCLT
  • Anti-trust body raps Trai for stepping into its turf
  • FDI in food processing jumps 43% in FY17 to $727 million
  • No plans to make Aadhaar mandatory for air tickets: Government to MPs
  • Dr Reddy’s forms commercialisation pact with CHD Bioscience
  • Competition Commission cartier love bracelet of India raps telecom regulator for stepping into its turf
  • L&T Finance junks stake-sale plan for mutual fund arm, eyes IPO
  • Indian pharma gets US FDA booster dose
  • L&T results: Street to watch out for order inflows, likely impact of GST
  • GST, rising input costs hurt Maruti Q1 numbers
  • Stake sale by ONGC, govt key overhangs for IOC
  • PVR, Inox callingallcakes.org book profits in Q1 despite Bollywood duds
  • RJio impact: Idea posts third consecutive quarterly loss

Image result for RJio

  • Insolvency: NCLT reserves order against ABG Shipyard bracelet replica cartier filed by ICICI bank
  • Axis-FreeCharge deal to ignite hopes of turnaround: Snapdeal’s Kunal Bahl
  • Jindal Poly’s acquisition of ExxonMobil’s films division under cartier nail bracelet for men
    SEBI scanner
  • Mylan Pharmaceuticals launches hepatitis C drug
  • Turf war rages between CCI and TRAI over telecom tariffs
  • Aditya Birla Fashion Q1 net loss shrinks to Rs 20 cr
  • MRPL plans to set up desalination plant
  • Premier Solar sets up 200 MW solar module facility in Telangana
  • Jindal Poly’s acquisition of ExxonMobil’s films division under SEBI scanner
  • Maruti Suzuki: Good volume growth, margin pressures
  • Exide sees business getting charged with GST rollout
  • Abbott looks to set up a virus surveillance centre in India
  • NLC to acquire DVC’s Ragunathpur Thermal Power plant
  • ONGC says not liable to pay $1.57 billion dues to govt till litigation ends
  • Why Idea Cellular’s in-line Q1 results provide no succour
  • Exide looks to start making batteries for electric vehicles
  • Farmers await crop insurance payout, 55% claims pending
  • CCI to Trai: Consult us on predatory pricing issues
  • Telecom firms take merger route to counter Reliance Jio onslaught

Morning Business News Round Up_July 26,2017

Morning Business News :

  • Large state-run banks may be added to ETF bag
  • Sebi may ask cos to keep bourses in loop on defaults
  • 10 public sector banks have submitted turnaround plans
  • 133 cos owe over Rs 3,39,704 cr to exchequer: Jaitley
  • India ‘abusing’ trade remedy measures: China
  • Sahara chief asked to deposit Rs 1,500 cr by Sept 7
  • Niti Aayog cites ‘fragile finances’ for AI divestment
  • Airtel, Voda face bigger threat from Google, FB than Jio
  • LIC to offload excess stake in firms in 2 years
  • Tata Steel to consider take over cartier bracelets of firms at NCLT
  • Bharti Airtel Q1 net takes massive 75% hit on Jio impact
  • Bhushan Steel’s market share, big customers attractive bet for JSW Steel
  • Axis Bank cartier double bracelet
    June quarter net profit falls 16% to Rs 1,360 cr
  • Vodafone, Idea CEOs expect merger to be completed in 2018

Image result for • Vodafone, Idea CEOs expect merger

  • Sebi asks commodity bourses to identify ‘sensitive’ agricultural products
  • Power discom dues down by half since June last
  • Over 7 lakh new registrations under GST: Adhia
  • Vedanta Q1 consolidated profit more than doubles
  • US footwear major Skechers steps into apparel, accessories
  • Cochin Shipyard’s Rs. 1,470-cr IPO opens replica cartier on August 1
  • Unichem Labs gets USFDA nod for hypertension drug
  • RBI stops printing Rs 2000 notes, focus turns to new Rs 200 notes
  • Hero MotoCorp Q1 profit rises 3.5% on higher sales
  • Amtek Auto bankruptcy case admitted by NCLT Chandigarh bench
  • PSU banks plan capital raising amid NPA clean-up
  • HDFC Bank’s impeccable asset quality gets a farm loan waiver blow
  • RBI processing old notes to verify numerical accuracy, says Arun Jaitley
  • GlaxoSmithKline Q1 net profit dives 63 per cent to Rs 26 crore
  • GST reduced taxes for commodities consumed by weaker section
  • India will need $4.5 tn by 2040 for infrastructure: Report
  • Sensex hits fresh peak of 32,135.91; Nifty at 9,939.30
  • KKR to buy WebMD in $2.8 billion deal
  • Govt sets up expert panel to script cartier nail bracelet for men
    a turnaround story for Sail
  • Nifty gets a helping hand from key sectors
  • KKR to buy WebMD in $2.8 billion deal