news

The Royal Bank Of Scotland Plc As Trustee Of Jupiter India Fund bought 46,696 shares
(0.6 percent) at Rs 812.4 each Jupiter South Asia Investment Company Ltd sold 46,696
shares (0.6 percent) at Rs 812.4 each
Elpro International
The Royal Bank Of Scotland Plc As Trustee Of Jupiter India Fund bought 14.64 lakh shares
(1.1 percent) at Rs 60.9 each Jupiter South Asia Investment Company Ltd sold 14.64 lakh
shares (1.1 percent) at Rs 60.9 each
Repco Home
Apax Global Alpha Limited bought 6.50 lakh shares (1 percent) at Rs 595 each Nomura
India Investment Fund Mother Fund sold 6.50 lakh shares (1 percent) at Rs 595 each
Yuken India
Indiabulls AMC bought 15,186 shares (0.5 percent) at Rs 4,296.24 each Who’s Meeting
Whom Shankara Building Products to meet investors at conference organized by ICICI
securities in Singapore on Feb. 5 & 6 Bhansali Engineering Polymers to meet several fund
houses including White Oak, IDBI MF, BOI Axa MF, Param Capital, Ambit Capital etc. from
Feb. 5 to 7 Shriram City Union Finance to meet several fund houses including Edelweiss
Securities, IIFL, Kotak Securities etc from Feb. 5-26 Mahindra Logistics to meet several
fund houses including Edelweiss AMC, HSBC, ICICI Bank etc from Feb. 5-6 Insider Trades
NRB Bearings promoter Trilochan Santsingh Sahney sold 51,000 shares from Jan. 22 – 31.
Ultratech cement promoter Trapti Trading & Investments Private Ltd. sold 55,000 shares
from Jan. 29 – 31. GP Petroleum promoter GP Global Energy Private Ltd. acquired 2,300
shares on Jan. 30. Man Infraconstruction Promoter & Director Manan P Shah acquired
60,000 shares on Feb. 1. Trading Tweaks Mahamaya Steel Industries and SORIL Infra
Resources circuit filter revised to 10 percent. Rupee Rupee ends at 64.06/$ versus 64.03/$
on Thursday. F&O Cues Nifty February futures trade at 10,755.8. discount of 4 points
premium of 14 points. February series-Nifty OI down 4 percent, Bank Nifty OI down 7
percent. India VIX ended at 15.2, up 8 percent. Max OI for February series at 11,500 call
strike , OI at 65.2 lakh, OI up 7 percent. Max OI for February series at 10,500 Put, OI at 59.8
lakh, OI up 1 percent. F&O Ban In Ban: Fortis Healthcare, HDIL, India Cement, JP
Associates, Wockhardt. New In Ban: HDIL, India Cement. Out of Ban: Jain Irrigation.
Alert: Only intraday positions can be taken in stocks which are in F&O ban. There is a
penalty in case of rollover of these intraday positions.
Put-Call Ratio Nifty PCR at 1.08 versus 1.21. Nifty Bank PCR at 0.70 versus 0.63. Fund
Flows Brokerage Radar
Macquarie on Bajaj Auto
Maintained ‘Underperform’ with price target of Rs 2,900. December quarter was lower than
expected operating performance. Domestic motorcycle market share continues to decline.
Exports grew strongly off a low base. Three-wheelers near-term outlook is positive. New
models have not sustained initial momentum. Expect Bajaj to grow slower than domestic
motorcycle industry in the next financial year.
JPMorgan on Bajaj Auto
Maintained ‘Neutral’ with price target of Rs 3,250. December quarter’s operating income in
line with expectations. Export recovery sustains; New market contribution is steadily
improving. Three wheeler was the best-performing segment for the business. Recovery in
domestic market key monitorable.
JPMorgan on Hindalco
Maintained ‘Overweight’ with price target of Rs 335. December quarter missed estimates
across operating income and net profit on account of Utkal. Standalone operations do not
fully capture earnings strength. Prepayment of debt continues. December quarter upside
was limited by Coal India price increase. Capital allocation key monitorable going forward.
Macquarie on Hindalco
Maintained ‘Outperform’ with price target of Rs 328. December quarter’s standalone
operating income was below estimate due to industrywide cost inflation. Better placed
during cost inflation. Copper: Higher value addition to offset margin headwinds. Aluminium –
Headwinds from hedges and costs to reduce. Novelis reported five-year high Operating
margin Hindalco remains high conviction top pick in metals coverage.
CLSA on Godrej Properties
Maintained ‘Buy’; cut price target to Rs 1,058 from Rs 1,078. December quarter results
below estimates on lower margins. Cash flows were good with net debt down. Pre-sales
surge continues; Major scale-up in progress. Project additions continue as ‘weak hands’
exit. Godrej Properties remains top real estate sector pick.
Macquarie on Godrej Properties
Maintained ‘Neutral’; Raise price target to Rs 858 from Rs 650. Business development in full
swing; To remain strong focus area. Liquidation of commercial inventory in BKC largely
done. Management expects prices to remain stable over next year. Preferred picks are
Prestige Estates and Phoenix Mills.
Morgan Stanley on Tata Global Beverages
Maintained ‘Underweight’ with price target of Rs 150. December quarter was a mixed bag.
Strong performance in domestic business. Revenue growth in international and plantation
remained weak. Starbucks and Nourishco now profitable at operating level. See limited
potential for any structural upturn in core business.
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