Trend today report

  • View
    196

  • Download
    0

Embed Size (px)

Transcript

  • 02/11/2015

  • The market ended on a lower note for fifth consecutive day. The Sensex plunged

    181.31 points or -0.68 percent at 26656.83 and the Nifty was down 45.95 points or

    -0.57 percent at 8065.80.

    Pushing for investments and growth, government reviewed the capital expenditure

    programme of state-owned companies and impressed upon them to complete

    projects in the remaining part of the fiscal.

    NIFTY 8111.75 8123.55 8146.10 8044.40 8065.80 -0.57%

    NIFTY JUNIOR 19774.55 19782.80 19908.35 19701.75 19733.60 -0.06%

    LIX 15 3157.65 3165.00 3179.80 3139.55 3146.30 -0.36%

    MIDCAP 50 3327.45 3337.20 3357.05 3291.90 3307.30 -0.61%

  • CNX Bank 17212.20 17249.90 17399.10 17170.35 17354.50 0.83%

    CNX Finance 7162.50 7173.30 7224.95 7134.45 7201.65 0.55%

    CNX IT 11548.15 11549.75 11559.35 11467.90 11486.90 -0.532%

    CNX Pharma 13052.00 13124.30 13241.80 13085.45 13170.15 0.91%

    NIKKEI 225 18924.31 19202.34 18784.69 19083.10 0.77%

    HANG SENG 22785.86 22847.16 22612.56 22640.04 -0.79%

    TAIWAN 8578.25 8586.90 8503.69 8554.31 -0.20%

    SSE 3380.28 3417.20 3346.59 3382.92 -0.13%

  • L&T Q2 net up 15%; cuts FY16 order inflow, revenue guidance

    Engineering and construction major Larsen and Toubro 's (L&T) consolidated profit after tax

    increased 15.5 percent year-on-year to Rs 996 crore in July-September quarter, boosted by

    exceptional income of Rs 309.6 crore. Revenue grew by 10.6 percent to Rs 23,393 crore from Rs

    21,159 crore in same period.

    Numbers were more or less below estimates for the quarter but the most disappointing factor that

    led sharp fall in stock was its cut in revenue as well as order inflow guidance for FY16. The stock

    closed at Rs 1,411.15 today, down 4.11 percent amid high volumes after hitting a 52-week low of

    Rs 1,400 on BSE.

    profit was estimated at Rs 944 crore and revenue of Rs 23,409 crore for the quarter with

    operating profit growth of 14 percent and margin expansion of 40 basis points.

    Consolidated operating profit increased 11 percent to Rs 2,592 crore and margin expanded by 7

    basis points to 11.1 percent compared to year-ago period.

    The company says exceptional income was related to gains on divestment of part stake in a

    subsidiary company and stake in an associate company.

    While addressing press conference, L&T's Chief Financial Officer, R Shankar Raman says the

    company has slashed its order inflow guidance for FY16 to 5-7 percent from 15 percent earlier

    and revenue growth guidance to 12.5 percent from 15 percent earlier.

  • ICICI Bank Q2 profit rises 12%, to sell 9% stake in Lombard

    Private sector lender ICICI Bank 's July-September quarter earnings matched analysts expectations on Friday with standalone profit rising 11.8 percent year-on-year to Rs 3,030 crore,

    aided by revenue, other income and operating profit.

    The stock rallied 2 percent at close due to insurance stake sale news, ignoring asset quality

    concerns.

    Net interest income (the difference between interest earned and interest expended) increased

    12.8 percent year-on-year to Rs 5,252 crore during the quarter with net interest margin net

    interest margin at 3.52 percent (against 3.54 percent in preceding quarter and 3.42 percent in

    year-ago period).

    NII was boosted by loan book, especially retail business. The year-on-year growth in domestic

    advances was 17 percent and 13 percent in total advances, the country's largest private sector

    lender says, adding it continued to see robust growth in retail business resulting in a Y-o-Y

    growth of 25 percent in retail portfolio that constituted about 44 percent of loan portfolio.

    Profit was estimated at Rs 3,009 crore and net interest income of Rs 5,273 crore for the

    quarter.

    Deposits increased by 9 percent on yearly basis and CASA deposits (current and saving

    accounts) were up 13 percent. It says CASA ratio was at 45.1 percent during the quarter

    compared to 44.1 percent in preceding quarter and 43.7 percent in year-ago period.

    Other income (non-interest income) during the quarter climbed 9.8 percent to Rs 3,007.4 crore

    (including fee income of Rs 2,235 crore) and operating profit also jumped 9.8 percent to Rs

    5,158.4 crore compared to year-ago period.

  • The information contained here was gathered from sources

    deemed reliable however; no claim is made as to accuracy or

    content. This does not contain specific recommendations to buy or

    sell at particular prices or time, nor should any examples presented

    be deemed as such. There is a risk of loss in equity trading and you

    should carefully consider your financial position before making a

    trade. This is not, nor is it intended, to be a complete study of chart

    patterns or technical analysis and should not be deemed as such.

    Money Classic Investment Advisors does not guarantee that such

    information is accurate or complete and it should not be relied

    upon as such. Any opinions expressed reflect judgments at this

    date and are subject to change without notice. For use at the sole

    discretion of the investor without any liability on Money Classic

    Investment Advisors.