Godfrey Phillips India, other KK Modi businesses up for sale
https://economictimes.indiatimes.com/industry/cons-products/tobacco/godfrey-phillips-india-other-kk-modi-businesses-up-for-sale/articleshow/73669242.cms

Revenue from CHINA

Economic Times
 
Business Standard

Ø  I-T refunds of Rs 1.7L cr to hurt FY20 direct tax mop-up
Ø  Sebi takes steps to avoid rerun of IndiGo feud
Ø  HDFC Q3 profit jumps 4 times to Rs 8,372 cr 
Ø  IndiGo Q3 profit zooms over 2-fold to Rs 496 crore 
Ø  Don't allow zero-duty palm oil from Nepal: Trade body
Ø  Maruti hikes prices of select models by up to 4.7%

 
Ø  Sebi panel proposes overhaul of norms governing related party transactions
Ø  PFC lists $750 million bonds at NSE IFSC; increases foreign borrowing
Ø  Dr Reddy's posts Rs 570-cr net loss due to heavy impairment charge
Ø  Govt to sell 100% stake in Air India; sets March 17 as deadline for bids
Ø  Income mismatch probe: 5,000 companies under tax department lens
Business Line
 
Mint
Ø  Qatar rejects India’s request for renegotiating existing LNG contracts
Ø  Four per cent rise recorded in tea production in 2019
Ø  Net direct tax collection posts a shortfall of 5.4%
Ø  Tata Projects bags multiple orders worth ₹6,000 crore from BPCL, HPCL Rajasthan
Ø  IndiGrid InvIT looking to buy four transmission assets for ₹7,000 crore
 
Ø  Vodafone, Airtel in the red as PIL against non-payment of AGR dues moved in SC
Ø  Dewan Housing Finance withdraws draft resolution plan
Ø  Furniture imports may face restrictions to boost domestic manufacturing
Ø  Bengaluru airport investing ₹13,000 crore on infrastructure expansion
Ø  Urban cooperative banks reported nearly 1,000 frauds in five years: RBI
Financial Express
 
Deccan Chronicle
Ø  SEBI, NHB issue notice to DHFL over non-compliance of guidelines
Ø  India & Brazil agree to resolve Sugar subsidies issue bilaterally
Ø  Bank of Baroda says fresh NPA accretion nearly peaked
Ø  Employees of PSU banks threaten to go on two-day strike from January 31
 
Ø  India needs to re-examine long-term gas pricing with Qatar: Pradhan
Ø  Nestle buys Allergan business to expand in medical nutrition

SGX -32 (12085)
BRENT *58.34 (.17%)*
Gold 1581 (.23%) Silver 18.08 (.14%)
10y US 1.61 (.08%) ,Ind 6.55
USDIN 71.45 ,DXY 97.94 (-.02%) ,€ 1.1018 (.02%),¥ 109 (.10%) CNY 6.9367 (.0%)
Dow -454 *(Fut 82)* Nsdq -176
Nikkei -212, China cls, Taiwan cls, Hsang cls, Kospi -67..

*SGX Nifty -14 pts (12105) from last trade 12119 ,*


Nikkei -207 pts ,
Hangseng clsd ,
Now @6.52am .


Dow -453.93 pts ,Nsdq -175.60 pts , S&P
-51.81 pts , Bovespa -3894 pts , Ftse -173 pts , Dax -371 pts , Cac -161 pts , Crude @ $52.97 brl (-0.16), Brent @ $59.32 brl (-0.00) , Gold @ 1580.00 (+2.60), Silver @ $18.07 (+0.01), Euro @ $1.1018, JPY @ $108.93, INR @ 71.445




*Today's Corporate Action*
28th Jan Ex Date



MITSU
Bonus issue 2:1




*Today's Key Result*
NET PROFIT ESTIMATES
28th Jan



Maruti ( 1693 Cr +14 % Yoy Res During Mkt)
Cummins ( 169 Cr -10 % Yoy Res After Mkt)
M&M Fin ( 345 Cr +8% Yoy Res After Mkt )
Mannapuram Fin ( Cons 386 Cr +58% Yoy Res During Mkt)
Source Cogencis





*Today's Board Meeting*


Jan 28

 
Acrysil Ltd, earnings for quarter ended December.

Alicon Castalloy Limited, earnings for quarter ended December.

Anand Projects Ltd, earnings for quarter ended December.

Andhra Paper Ltd, earnings for quarter ended December.

APM Finvest Ltd, earnings for quarter ended December.

Asutosh Enterprise Ltd, earnings for quarter ended December.

Beeyu Overseas Ltd, earnings for quarter ended December.

Benares Hotels Ltd, earnings for quarter ended December.

Bombay Potteries & Tiles Ltd, earnings for quarter ended December.

Central Bank Of India, earnings for quarter ended December.

Century Textiles & Industries Ltd, earnings for quarter ended December.

CG Power And Industrial Solutions Ltd, earnings for quarter ended June & September.

Chemo Pharma Laboratories Ltd, earnings for quarter ended December.

Cummins India Ltd, earnings for quarter ended December and dividend.

Dr Agarwals Eye Hospital Ltd, earnings for quarter ended December.

Duncan Engineering Ltd, earnings for quarter ended December.

Gautam Gems Ltd, To consider increase in authorised share capital of company and consider issue of bonus share

GCCL Infrastructure & Projects Ltd, earnings for quarter ended December.

Honda Siel Power Products Ltd, earnings for quarter ended December.

Ifb Industries Ltd, earnings for quarter ended December.

Inditrade Capital Ltd, earnings for quarter ended December.

Infibeam Avenues Ltd, earnings for quarter ended December.

International Paper APPM Ltd, earnings for quarter ended December.

Jk Lakshmi Cement Ltd, earnings for quarter ended December.

Jsg Leasing Ltd, earnings for quarter ended December.

Kewal Kiran Clothing Ltd, earnings for quarter ended December and dividend.

KRBL Ltd, earnings for quarter ended December.

Lkp Finance Limited, earnings for quarter ended December.

Ludlow Jute & Specialities Ltd, earnings for quarter ended December.

Maharashtra Scooters Ltd, earnings for quarter ended December.

Mahindra & Mahindra Financial Services Ltd, earnings for quarter ended December.

Manappuram Finance Ltd, earnings for quarter ended December and Dividend.

Maruti Suzuki India Ltd, earnings for quarter ended December.

Mastek Ltd, earnings for quarter ended December.

Munjal Showa Ltd, earnings for quarter ended December.

New Light Apparels Ltd, earnings for quarter ended December.

Orient Electric Ltd, earnings for quarter ended December and Dividend.

Ph Capital Ltd, earnings for quarter ended December.

Ramco Systems Ltd, earnings for quarter ended December.

Sagar Cements Ltd, earnings for quarter ended December.

Sequent Scientific Ltd, earnings for quarter ended December.

Shetron Ltd, earnings for quarter ended December.

Shree Digvijay Cement Co Ltd, earnings for quarter ended December.

Shriram Pistons & Rings Ltd, earnings for quarter ended December and dividend.

Spandana Sphoorty Financial Ltd, earnings for quarter ended December.

Sterling Guaranty & Finance Ltd, earnings for quarter ended December.

Subros Ltd, earnings for quarter ended December.

Swaraj Engines Ltd, earnings for quarter ended December.

Sword-Edge Commercials Ltd, earnings for quarter ended December.

Tata Coffee Ltd, earnings for quarter ended December.

Teamlease Services Ltd, earnings for quarter ended December.

TGV Sraac Ltd, earnings for quarter ended December.

Thirumalai Chemica

ls Ltd, earnings for quarter ended December.

Trombo Extractions Ltd, earnings for quarter ended December.

TTK Healthcare Ltd, earnings for quarter ended December.

Tube Investments Of India Ltd, earnings for quarter ended December.

Turbotech Engineering Ltd, earnings for quarter ended December.

Ultracab (India) Ltd, earnings for quarter ended December.

Unique Organics Ltd, earnings for quarter ended December.

Vertex Securities Ltd, earnings for quarter ended December.

Vinyl Chemicals (India) Ltd, earnings for quarter ended December.

VIP Clothing Ltd, earnings for quarter ended December.

Vippy Spinpro Ltd, earnings for quarter ended December.

Vivanta Industries Ltd, earnings for quarter ended December.

Vivanza Biosciences Ltd, earnings for quarter ended December.

WABCO India Ltd, earnings for quarter ended December.

Wonderla Holidays Ltd, earnings for quarter ended December.

Zodiac Jrd Mkj Ltd, earnings for quarter ended December.


 

*Today's Data Alert*



Jan 28   : 14-day variable rate term repo for 260 bln rupees. Bids to be submitted
between 1100 and 1130 IST.


Jan 28   : Launch of Tata Nexon EV. 1130 IST, Mumbai.


Jan 28   : STATE LOAN AUCTION: 16 states to raise 181.70 bln rupees via bond sale

*28-Jan: Prov Cash: Rs.crs*:
*FIIs: -1357.56* (4871.86-6229.42)
*DIIs: +711.70* (4857.64-4145.94)
Cash Vol: 41206 vs 35821, +15%
F&O Vol: 1565782 vs 1168352, +34%

Look what I shared: https://m.youtube.com/watch?v=az-ZXGpVdik

28-Jan: Provisional Cash: FIIs sell (-Rs1,358cr) (Gross: Rs11,101cr). DII net buy +Rs712crs (Gross: Rs9,004crs). Cash Vol: Rs38,785cr (Rs35,756cr).

28-Jan: Nifty Fut OI: 15.4m shrs vs 15.3m shrs. Volumes 13.3m shrs vs 12m shrs. NMF & MMF Basis @ +12pts & +51pts (DVD: NIL & 13.2pts). F&O Vol: Rs15,64,680cr vs Rs11,67,788cr.

28-Jan: FII's net sell (-Rs2,047crs) in derv. Net sell indx fut: (-Rs541crs), stk fut: (-Rs1,011crs) & indx opt: (-Rs549crs). Net buy stk opt: +Rs54crs. Net sell directional futures: (-Rs1,552crs).


Rolls (R-2): Nifty: 29% vs 36%. Bank Nifty: 32% vs 38%. Nifty IT: @29% vs 26%. SSF: @48% vs 48%. Mkt-Wide @45% vs 46%. Mkt Wide OI: INR 159,458cr vs INR 153,491cr (vs M-o-M).

Roll Progression: ACC (66%/24%), PLNG (52%/13%), APHS (60%/26%), SUNP (64%/31%), UTCEM (50%/17%), BATA (62%/30%), MMFS (53%/22%), MMFS (53%/22%) & HDFCB (62%/31%).

Arb Names: RIL (30%/18%), HDFC (51%/29%), AXSB (50%/21%), HDFCB (62%/31%), ITC (47%/24%), BAF (43%/22%), SUNP (64%/31%), TCS (45%/17%), SBIN (49%/26%) & LT (49%/26%).


Bulk/Block: GATI -buy - AllCargo Logistics (9.1m shrs @Rs75); sellers - Rajasthan Glob Sec (895k shrs) & Mahendra Inv Adv/TCS Fin (5.8m shrs). La Opala - buy - HDFC MF (700k shrs @Rs190). Narayana Hrudhyalaya - buyers - DSP MF (1.2m shrs @Rs340) & SBI MF (6.5m shrs @Rs340); sell - CDC Group (8.2m shrs). Reliance Power - sell - Yes Bank (302.6m shrs @Rs1.91). Snowman Logistics - buy - Rajasthan Glob Sec (973k shrs @Rs43).

Wall Street Rebounds as Virus Fear Eases; Delphi Soars: -
Wall Street opened with a bounce on Tuesday after its worst daily loss in more than three months on Monday, as fears about the novel coronavirus in China abated somewhat, [Wall Street = 28755 (+225)].

The market was undeterred by a durable goods report that suggested defense was the only sector that really enjoyed the end of 2019. Core orders excluding defense goods fell 2.5% on the month in December and November’s figures were revised down to 0.5% drop from a 0.7% increase reported originally.

Commodities and Currencies:
West Texas Intermediate crude oil up 1.32% to $53.85 a barrel.
Gold down 0.86% to$1,568 an ounce.
The Bloomberg Dollar Spot Index up 0.20% to 97.955.
The euro down 0.12% to$1.1003.
GBP down 0.52% to 1.2984.
USDINR down 0.30% to 71.2280.

💰 Money should grow always

*SGX Nifty +15 pts (12090) from last trade 12075 ,*


Nikkei +63 pts ,
Hangseng clsd ,
Now @6.52am .



Dow +187.05 pts ,Nsdq +130.03 pts , S&P
+32.61 pts , Bovespa +1997 pts , Ftse +68 pts , Dax +118 pts , Cac +62 pts , Crude @ $53.72 brl (+0.24), Brent @ $59.51 brl (-0.00) , Gold @ 1567.40 (-2.20), Silver @ $17.465 (+0.01), Euro @ $1.1022, JPY @ $109.09, INR @ 71.235




*Today's Corporate Action*
29th Jan Ex Date


IIFLWAM
Interim Dividend - Rs. - 10.0000
KENVI
Bonus issue 11:10



*Today's Key Result*
NET PROFIT ESTIMATES
29th Jan



Bajaj Finance ( 1639 Cr +60% Yoy Res During Market )
Bajaj Finserve ( Cons 1174 Cr +80 Yoy Res After Mkt)
Crompton Greaves Cons ( 100 Cr 26% Yoy Res After Mkt)
Godrej Consumers ( Cons 453 Cr +7% Yoy)
IDFC first Bank ( 136 Cr )
Jubilant Food ( 116 Cr +21% Yoy)
Pidilite ( Cons 289 Cr +32% Yoy)
Ramco Cem ( 137 Cr +36% Yoy )
Tata Power ( Cons 232 Cr +84 % Yoy )
Source Cogencis





 

*Today's Data Alert*




Jan 29   : T-BILL AUCTION: RBI to auction 91-day T-bills of 40 bln rupees, 182-day
T-bills of 60 bln rupees and 364-day T-bills of 30 bln rupees.

*Stocks In news*
• Cummins Q3: Net profit up 1.2 percent at Rs 199.9 crore versus Rs 197.5 crore, revenue down 3.8 percent at Rs 1,456 cr vs Rs 1,514.3 crore, YoY
• Tata Coffee Q3: Consolidated net profit up 93 percent at Rs 42 crore versus Rs 21.8 crore, revenue up 7.7 percent at Rs 501.4 crore versus Rs 465.4 crore, YoY
• IFB Industries Q3: Net profit down 18.2 percent at Rs 14.8 crore versus Rs 18.1 crore, revenue up 2.7 percent at Rs 719.3 crore versus Rs 700.3 crore, YoY
• M&M Financial Services Q3: Net profit up 14.6 percent at Rs 365.3 crore versus Rs 318.7 crore, revenue up 15.7 percent at Rs 2,580.6 crore versus Rs 2,230.4 crore
• JK Lakshmi Cement Q3: Standalone net profit at Rs 49.2 crore versus Rs 14.7 crore, revenue up 7.5 percent at Rs 1,004.9 crore versus Rs 935 crore, YoY
• HFCL: Company will buy a 47.9 percent stake in Bigcat Wireless for Rs 22.5 cr.
• Embassy Office Parks REIT: The company has fixed record date as February 24, 2020, for the purpose of Payment of Distribution.
• Shriram Pistons & Rings: The board of directors has recommended an interim dividend of Rs. 3.00 per share for the financial year 2019-20.
• Infosys completed the divestment of its shares in Unsilo A/S for a total consideration of approximately USD 0.8 million
• Zensar' s Smart Application Development and Maintenance services incorporate Artificial Intelligence
• Allcargo till now has acquired 2,54,03,340 equity shares i.e. 20.83% stake of Gati
• KEI Industries approved the issue and allotment of 10,000,000 equity shares to eligible qualified institutional buyers at an issue price of Rs 500 per equity share
• Bajaj Electrical board meeting on January 31 to consider right issue
• Ircon International to consider share split on February 11
• Cochin Shipyard launching of 1200 Pax Passenger Cum 1000T Cargo Vessels for A&N Administration
• Cholamandalam board meeting on January 31 to consider the issue price for QIP
• Indostar Capital board meeting on January 31 to consider and approve the proposal for raising funds
• JK Lakshmi approves raising of external commercial borrowing (ECB) up to USD 25 million in one or more tranches subject to requisite approvals.
• Cummins board approves appointment of Ajay Patil as the CFO & KMP w.e.f. April 1

*Results* Bajaj Finserv, Bajaj Finance, Bharat Gears, Birla Corporation, Cholamandalam Financial Holdings, Crompton Greaves Consumer Electricals, Escorts, Garware Polyester, Godrej Consumer Products, IDFC First Bank, Jubilant FoodWorks, Tata Power, NIIT Technologies, KPIT Technologies and West Leisure Resorts

CS Coronavirus updates.pdf

IDFC FIRST Bank Q3 FY20 Loss at Rs. 1,639 crores due to provisioning
of Rs. 1,622 crores towards stressed telecom account
Stellar growth in CASA deposits; Retail loans at 49% of Total Funded Book
Financial results at a glance
Earnings
▪ Q3 FY20 Net Interest Income (NII) grew 34% Y-o-Y to Rs. 1,534 crores, up from Rs. 1,145 crores in
Q3 FY19
▪ Net Interest Margin rose sharply to 3.86% in Q3 FY 20 from 2.89% in Q3 FY19
▪ Strong growth in total income (NII+ Fees+ other income) YOY up 50% at Rs. 2,113 crores for Q3
FY 20 as compared to Rs. 1,406 crores for Q3 FY 19
▪ Pre-Provisioning Profit increased to Rs. 682 crores in Q3 FY20 compared to Rs. 264 crores in Q3
FY19
▪ Bank took 50% provision cover of Rs. 1,622 crores towards exposure of Rs. 3,245 crores to legacy
stressed Telecom Account and Rs. 110 crores towards one legacy infrastructure account
▪ Net loss of Rs. 1,639 crores in Q3FY20 due above one-time provisions to telecom and
infrastructure

Bulk/Block: CCL - buy - Govt Pension Fund (2m shrs @Rs199); sell - Small Cap World Fund (6.5m shrs @Rs203). Srides Arcolab - sell - Apax Partners (954k shrs @Rs445). KDL - buy - Gian Finance (106k shrs @Rs195); sell - Onyx Partners (96k shrs).
Aptech - buy - Wall Street Cap Mkts (250k shrs @Rs166). Sical - sell - Yes Bank (1.1m shrs@Rs11.4).