Marico: Q4 earnings to rise yoy; fall qoq

IIFL estimates the company’s net profit to soar to Rs.140 crore, at a rate of 27.4% yoy; however, the same is expected to fall 29.1% qoq 

Marico, one of India’s leading FMCG companies, will announce its financial results on April 29 for the fourth quarter ended March 31, 2016.

IIFL estimates the company’s net profit to soar to Rs.140 crore, at a rate of 27.4% yoy; however, the same is expected to fall 29.1% qoq. 
 
As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to increase to Rs.1,370 crore, at a rate of 11.7% yoy; however, the same is likely to tumble 12% qoq.  

Operating profit margin is likely to be at 16.2%, with a yoy rise of 221 bps.

According to IIFL, the past couple of quarters had witnessed lower commodity prices, which aided the consumer companies significantly in the form of lower COGS (Cost of Goods Sold) inflation or deflation in some cases. Though raw‐material prices remain benign, headroom for further gross margin expansion in Q4FY16 seems limited compared with Q4 FY15.

Our preview coverage universe of 374 companies, representing ~75% of India’s equity market cap is expected to report 4.2% yoy drop in net profit in Q4 FY16. On a qoq basis, profits will rise by 17% on account of low base of preceding two quarters, which had witnessed sequential PAT declines.

Other key quarterly results on April 29 include Astra Mircowave, Ajanta Pharma, Atul Ltd, InterGlobe Aviation, ICICI Bank, Oberoi Realty, Sanofi India, and Shriram Transport Finance. 

Rajesh Exports bags Rs.780 crore export order

The scrip opened at Rs. 576 and has touched a high and low of Rs. 583.95 and Rs. 570.8 respectively. 

Rajesh Exports Ltd has announced that it has bagged Rs. 780 crores worth export order.

Rajesh Exports Ltd is currently trading at Rs. 578.5, up by Rs. 7.05 or 1.23% from its previous closing of Rs. 571.45 on the BSE.

The scrip opened at Rs. 576 and has touched a high and low of Rs. 583.95 and Rs. 570.8 respectively. So far 133093(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 16874.92 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 745.5 on 18-Feb-2016 and a 52 week low of Rs. 217.9 on 28-Apr-2015. Last one week high and low of the scrip stood at Rs. 605 and Rs. 535 respectively.

The promoters holding in the company stood at 53.91 % while Institutions and Non-Institutions held 20.96 % and 25.13 % respectively.

The stock is currently trading below its 100 DMA.

Reliance Industries ties up with Star Cotspin

As per the agreement, Reliance's Recron SHT will be the basic substrate for polyester sewing threads manufactured by Star Cotspin. 

Reliance Industries Ltd (RIL) has entered into a pact with Bhilwara-based Star Cotspin Ltd, according to reports.

As per the agreement, Reliance's Recron SHT will be the basic substrate for polyester sewing threads manufactured by Star Cotspin. 

Apart from branding the products, RIL will also provide marketing and technical support to Star Cotspin.

The scrip opened at Rs. 1019.7 and has touched a high and low of Rs. 1019.7 and Rs. 1013.4 respectively. So far 860002(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 330513.96 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1089.5 on 15-Jan-2016 and a 52 week low of Rs. 819 on 24-Aug-2015. Last one week high and low of the scrip stood at Rs. 1051.5 and Rs. 1008 respectively.

The promoters holding in the company stood at 45.15 % while Institutions and Non-Institutions held 32.38 % and 19.5 % respectively.

The stock is currently trading above its 50 DMA.

Dow, S&P 500 rise; Nasdaq slips as Fed maintains status quo

The Dow Jones Industrial Average and the S&P 500 index had extended losses immediately after the release of the Fed statement but rebounded later to close modestly higher. 

US stock indices closed mixed on Wednesday after the Federal Reserve left interest rates unchanged and refrained from giving any guidance on the timing of the next interest rate hike.

The Dow Jones Industrial Average and the S&P 500 index had extended losses immediately after the release of the Fed statement but rebounded later to close modestly higher.

The Dow rose 51.23 points, or 0.3%, to close at 18,041.55, recovering from an earlier 70-point deficit.

The S&P 500 gained 3.45 points, or 0.2%, to end at 2,095.15. It had been down as much as 9 points.

The Nasdaq Composite index slipped by 25.14 points, or 0.5%, to finish at 4,863.14. Earlier, it had been down by as many as 62 points.

Shares of Apple slumped 6.3% after the company late on Tuesday reported profit that fell short of Wall Street estimates.

Shares of Twitter sank 16% after the social-media company late on Tuesday reported disappointing quarterly revenue and a downbeat forecast.

In the day's economic news, US trade data showed that its trade gap in goods had fallen 9.5% to US$56.9 billion in March. 

Separately, a gauge of pending home sales rose by 1.4% in March - its second monthly increase.

Oil futures settled at a five-month high of US$45.33 a barrel -  the highest finish since Nov. 4. - after reports that US crude production had fallen for a seventh straight week.

Ujjivan raises Rs. 264.74 crore via anchor allotment

The anchor investors include leading domestic investors namely: Birla Sunlife Mutual Fund, ICICI Prudential Mutual Fund, Reliance Life Insurance, Reliance Mutual Fund, UTI Mutual Fund, Canara Robeco Mutual Fund, LIC Nomura Mutual Fund, HDFC Standard Life Insurance to name a few. 

Ujjivan Financial Services Ltd allots 12,607,081 equity shares at Rs. 210 per share aggregating to Rs. 264.75 Crore (approximately).

The anchor investors include leading domestic investors namely: Birla Sunlife Mutual Fund, ICICI Prudential Mutual Fund, Reliance Life Insurance, Reliance Mutual Fund, UTI Mutual Fund, Canara Robeco Mutual Fund, LIC Nomura Mutual Fund, HDFC Standard Life Insurance to name a few.

The issue will close on 2 May.

HCL Tech Q3 cons PAT at Rs.1,675 crore, up 7%

The board of directors of the company has declared an interim dividend of Rs. 6/- per equity share of Rs. 2/- each of the company for the Financial Year 2016-17. 

HCL Technologies Ltd, Indian global IT services company, has announced the following results for the quarter & Nine months year ended March 31, 2016.

The company has posted a net profit of Rs. 1675.4 crore for the quarter ended March 31, 2016 where as the same was at Rs. 1,564.7 crore for the quarter ended March 31, 2015. The company's total income is Rs. 4855.7 crore for the quarter ended March 31, 2016 where as the same was at Rs. 4637.9 crore for the quarter ended March 31, 2015.

The audited standalone results for the Nine months Year ended March 31, 2016.

The company has posted a net profit of Rs. 47336.80 million for the Nine months Year ended March 31, 2016. Total Income is Rs. 143055.90 million for the Nine months Year ended March 31, 2016

The audited consolidated results for the Nine months Year ended March 31, 2016.

The Group has posted a net profit after tax, minority interest and share of profit of associates of Rs. 56430.40 million for the Nine months Year ended March 31, 2016. Total Income is Rs. 316110.60 million for the Nine months Year ended March 31, 2016.

The Board of Directors of the Company at its meeting held on April 28, 2016, inter alia, has declared an Interim Dividend of Rs. 6/- per equity share of Rs. 2/- each of the Company for the Financial Year 2016-17. The Payment date of the said interim dividend shall be May 13, 2016.

HCL Technologies Ltd ended at Rs. 837.7, down by Rs. 12.4 or 1.46% from its previous closing of Rs. 850.1 on the BSE.

The scrip opened at Rs. 849.5 and touched a high and low of Rs. 856 and Rs. 831.4 respectively. A total of 2379921(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 118162.62 crore.

The BSE group 'A' stock of face value Rs. 2 touched a 52 week high of Rs. 1047.5 on 29-May-2015 and a 52 week low of Rs. 785.85 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 856 and Rs. 831.4 respectively.

The promoters holding in the company stood at 60.38 % while Institutions and Non-Institutions held 32.63 % and 7 % respectively.

The stock traded above its 200 DMA.

Top 12 stocks in focus today: Ambuja Cements, Suzlon Energy, Bharti Airtel

Check out the companies which will be in focus during trade today based on recent and latest news developments. 

Bharti Airtel: Bharti Airtel, India's largest telecom service provider, reported consolidated net profit of Rs.1,290.30 crore for the quarter ended March 31, 2016, registering growth of 2.79% yoy and 15.53% qoq.

Ambuja Cements: Ambuja Cements will announce its Q4 numbers today. IIFL estimates the company’s net profit to plunge to Rs.290 crore, at a rate of 8.8% yoy; however, the same is likely to jump 163.5% qoq.

Monnet Ispat & Energy:  Lenders to Monnet Ispat & Energy Ltd (MIEL), led by State Bank of Patiala, have sought bids to sell up to a 51% equity stake in the company, reports a financial newspaper.

Suzlon Energy: Suzlon Ltd has announced that the board has approved merger of 3 arms with company and demerger of Tubular Tower Biz.

Aviation stocks: Indigo and SpiceJet have managed to increase their market share in the domestic aviation market at the expense of established full service carriers like Jet Airways and Air India, reports a business daily.

KPIT Technologies: KPIT Technologies, engineering services and solutions provider, reported consolidated net profit of Rs. 88.50 crore for the quarter ended March 31, 2016, registering growth of 20.42% qoq and 75.92% yoy.

CEAT: The company reported consolidated net profit of Rs.104.69 crore for the quarter ended March 31, 2016, registering growth of 11.48% yoy, but decline of 7.67% qoq. 



Rico Auto Industries Ltd: The company has set up a manufacturing plant at Chennai for supply of High Pressure Die Casting Aluminium Auto Components to Renault-Nissan.

Aurobindo Pharma: The pharma company has received final approval from the US health regulator to manufacture and market generic version of heartburn relief medicine Famotidine tablets.

Infosys: KUKA Aktiengesellschaft and Infosys announced plans to jointly develop solutions to support companies embracing Industry 4.0.

Elecon Engineering: The company’s consolidated revenue stood at Rs. 414.69 crore, down 10.63% yoy but up 25.53% qoq.

Gati: Gati, leading overseas courier service, reported consolidated net profit of Rs. 15.54 crore for the quarter ended March 31, 2016, registering growth of 37.04% yoy and 102.61% qoq.

Puravankara Projects: Puravankara Projects Ltd has announced that the company had called a meeting of the Board of Directors to pass an enabling resolution to exit its investment of Rs.403 crore at Raidurg, Panamaktha Village which would inter-alia involve the sale of its entire shares in three wholly-owned subsidiaries of Puravankara Projects Limited.

Exide Industries: The company has posted a net profit after tax of Rs.1775.50 million for the quarter ended March 31, 2016 compared with Rs.1375.90 million for the quarter ended March 31, 2015. 

Kansai Nerolac Paints: The company’s revenue stood at Rs. 891.07 crore, up 10.3% yoy but down 7.95% qoq.

JSW Energy: The company’s consolidated revenue stood at Rs. 2,681.40 crore, up 22.45% yoy and 1.22% qoq.

Lakshmi Vilas Bank: Lakshmi Vilas Bank, Chennai-based private sector lender, reported standalone net profit of Rs. 49. 07 crore for the quarter ended March 31, 2016, registering growth of 22.46% yoy and 6.51% qoq. 

Shanthi Gears: The company’s standalone revenue stood at Rs. 41.65 crore, up 6.2% yoy but down 3.57% qoq.

Alembic Pharmaceuticals: Alembic Pharmaceuticals, Vadodara- based drug maker, reported consolidated net profit of Rs. 91.18 crore for the quarter ended March 31, 2016, registering growth of 29.64% yoy but decline of 66.16% qoq. 

HCL Tech: HCL Technologies, one of the largest  IT companies in the country, will announce its Q3 numbers today. IIFL estimates the company’s net profit to be at Rs.1,986 crore, which constitutes rise of 17.9% yoy and 3.5% qoq.

VA Tech WABAG: VA Tech WABAG has announced that it has bagged ADB funded project in Nepal worth Rs. 141 crores.

Dabur India: Dabur India will announce its Q4 numbers today. As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to surge to Rs.2,169 crore, at a rate of 11.3% yoy and 2% qoq.