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The Baseline    
23 Jul 2017, 10:37AM
Stock reports for the week of July 17 - 23: Tata Steel gaining on bullish growth and domestic policies click to expand

Stock reports for the week are live! Over 60 reports have landed as results roll in for the first quarter of FY18, and analysts from Axis Direct, HDFC Securities, Motilal Oswal, etc are issuing new calls and target prices. Stock pick of the week from analysts is Tata Steel, which is gaining on the government's domestic procurement policy and rising steel prices. 

DateStockTargetUpside
(%)
TypeCMPBrokerChange in
past 6M
2017-07-21Bajaj Auto Limited 3296.0017.09%Buy2815.00HDFC Securities and 1 other1x
2017-07-21Wipro Limited 280.00-2.23%NEUT.286.40HDFC Securities and 1 other 
2017-07-21Kotak Mahindra Bank Limited 1109.0011.05%Buy998.65HDFC Securities and 1 other2x
2017-07-21FORCE MOTORS LTD. 5186.0027.95%Buy4053.15HDFC Securities  
2017-07-21KPIT Technologies Limited 125.00-1.03%NEUT.126.30HDFC Securities and 1 other2x
2017-07-21Alembic Pharmaceuticals Limi.. 635.0017.55%Buy540.20HDFC Securities and 1 other1x
2017-07-21Hindustan Zinc Limited 270.00-3.28%NEUT.279.15HDFC Securities and 1 other1x
2017-07-21ABB India Limited 1607.009.96%Buy1461.40Reliance Securities and 1 other1x
2x
2017-07-21Havells India Limited 546.0018.19%Buy461.95Karvy and 1 other3x
3x
2017-07-21MPS Limited 777.0030.13%Buy597.10Karvy 1x
2017-07-21Raymond Limited 935.0016.61%Buy801.85Karvy  
2017-07-21Bajaj Finserv Limited 5170.005.37%Buy4906.70ICICI Securities Limited  
2017-07-21Rallis India Limited 300.0026.16%Buy237.80ICICI Securities Limited  
2017-07-21D.B.Corp Limited 430.0014.61%Hold375.20ICICI Securities Limited
1x
2017-07-20MindTree Limited --%Results Update483.65HDFC Securities and 1 other1x
1x
2017-07-20Hindustan Unilever Limited (.. --%Results Update1158.55HDFC Securities and 1 other4x
3x
2017-07-20Sanofi India Limited --%Results Update4165.10HDFC Securities and 1 other 
2017-07-20Bajaj Finance Limited --%Results Update1617.55HDFC Securities and 1 other1x
2017-07-20Canara Bank --%Results Update350.70HDFC Securities and 1 other
1x
2017-07-20UltraTech Cement Limited 3763.009.95%Sell4178.75HDFC Securities and 1 other2x
2x
2017-07-20NIIT Technologies Limited 540.00-0.39%NEUT.542.10Motilal Oswal  
2017-07-20Tata Consultancy Services Li.. 2580.003.58%Buy2490.90Reliance Securities and 1 other1x
1x
2017-07-20DCB BANK LIMITED 240.0023.71%Buy194.00Nirmal Bang and 1 other 
2017-07-20Music (MBL) Broadcast Ltd 434.0018.90%Buy365.00Angel Broking  
2017-07-20Infosys Limited 1138.0016.13%Buy979.90Axis Direct and 1 other
1x
2017-07-20IndusInd Bank Limited 1720.009.70%Buy1567.95Axis Direct and 1 other
1x
2017-07-20Multi Commodity Exchange of .. 1302.0015.45%Buy1127.80Axis Direct and 1 other 
2017-07-20Biocon Limited 470.0017.50%Buy400.00Axis Direct 1x
2017-07-20IDFC Limited --%Not Rated58.25Axis Direct  
2017-07-20GIC Housing Finance Limited 628.0013.09%ACC.555.30CD Equisearch
1x
2017-07-20Sterlite Technologies Limited 230.003.53%Buy222.15ICICI Securities Limited  
2017-07-20Kansai Nerolac Paints Limited 495.0010.02%Buy449.90ICICI Securities Limited  
2017-07-19CRISIL Limited --%Results Update1908.05HDFC Securities and 1 other 
2017-07-19TV18 Broadcast Limited --%Results Update40.50HDFC Securities  
2017-07-19Jubilant Life Sciences Limited --%Results Update749.75HDFC Securities and 1 other 
2017-07-19HT Media Limited 90.005.14%NEUT.85.60Motilal Oswal and 1 other
1x
2017-07-19Hindustan Media Ventures Lim.. 350.0024.42%Buy281.30Motilal Oswal  
2017-07-19Tata Steel Limited 583.005.50%NEUT.552.60Motilal Oswal 3x
2017-07-19Aurobindo Pharma Limited 850.0013.70%Buy747.55Motilal Oswal and 1 other
1x
2017-07-19L&T Finance Holdings Limited 180.0017.80%Buy152.80Motilal Oswal  
2017-07-19UFO Moviez India 690.0074.68%Buy395.00IDBI Capital  
2017-07-19BOROSIL GLASS WORKS LTD. 11856.0030.44%Buy9089.40Edelweiss  
2017-07-19Dabur India Limited 300.00-0.89%Hold302.70Axis Direct
1x
2017-07-19L&T Technology Services Ltd 915.0018.19%Buy774.15Axis Direct  
2017-07-19Eicher Motors Limited 32566.0012.13%Buy29041.90Nirmal Bang Institutional 1x
2017-07-19IPCA Laboratories Limited --%Not Rated480.65Nirmal Bang Institutional  
2017-07-19Container Corporation of Ind.. 1370.0016.03%Buy1180.75ICICI Securities Limited  
2017-07-19Bata India Limited 650.0012.14%Hold579.65ICICI Securities Limited
2x
2017-07-18ACC Limited --%Results Update1710.80HDFC Securities and 1 other1x
2x
2017-07-18Jubilant Foodworks Limited --%Results Update1253.25HDFC Securities and 1 other1x
2x
2017-07-18The Karnataka Bank Limited --%Results Update156.95HDFC Securities  
2017-07-18Gruh Finance Limited --%Results Update475.00HDFC Securities and 1 other 
2017-07-18The South Indian Bank Limited --%Results Update28.60HDFC Securities 2x
2017-07-18ITC Limited 280.002.95%Sell288.50Motilal Oswal and 1 other1x
3x
2017-07-18Indoco Remedies Limited 201.000.02%Not Rated200.95Nirmal Bang Institutional
1x
2017-07-18Vakrangee Limited 530.0020.84%Buy438.60Karvy  
2017-07-18VST Industries Limited 3427.001.66%Hold3371.15ICICI Securities Limited 1x
1x
2017-07-18Gravita India Limited --%Not Rated84.50ICICI Securities Limited  
2017-07-18State Bank of India 340.0017.10%Buy290.35ICICI Securities Limited  
2017-07-17Aditya Birla Nuvo Limited --%Mgmt Note1887.30Axis Direct  
2017-07-17Cyient Limited 623.0017.30%Buy531.10Axis Direct and 1 other1x
2017-07-17Endurance Technologies Ltd 1031.0015.78%Buy890.50Axis Direct
1x
2017-07-17IDFC Bank Limited --%Strategy Note60.45Axis Direct 1x
2017-07-17Reliance Industries Limited .. 1545.00-2.60%Buy1586.20Axis Direct
1x
Trendlyne Marketwatch    
21 Jul 2017, 03:45PM

After closing lower yesterday, the benchmark Sensex closed up today, enabled by the buoyant Reliance Industries, which announced a bonus share issue, and Wipro, which has announced a share buyback plan. Market breadth is horizontal. Of the 2758 stocks traded today, 1206 were on the uptick, and 1398 were down.

Riding High:

Largecap and midcap gainers today include Jaiprakash Associates Limited (27.10 17.57%), Wipro Limited (286.60 6.54%) and Adani Power Limited (31.80 6.53%).

Downers:

Largecap and midcap losers today include Dish TV India Limited (78.00 -5.85%), Dewan Housing Finance Corporation Limited (457.25 -4.05%) and DLF Limited (195.20 -3.84%).

Crowd Puller Stocks

45 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included GVK Power & Infrastructure Limited (9.99 19.93%), Jaiprakash Associates Limited (27.10 17.57%) and Shree Renuka Sugars Limited (19.20 16.22%).

Top high volume losers on BSE were Dish TV India Limited (78.00 -5.85%), S.E. Investments Limited (216.60 -2.78%) and Can Fin Homes Limited (3141.10 -2.69%).

Godrej Consumer Products Limited (965.00 0.52%) was trading at 143.9 times of weekly average. 3M India Limited (13307.00 -0.32%) and Housing Development Finance Corporation Limited (1639.00 -0.73%) were trading with volumes 66.1 and 47.7 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

27 stocks hit their 52 week highs, while 1 stock tanked below their 52 week lows.

Stocks touching their year highs included - Aditya Birla Nuvo Limited (1887.30 -1.67%), Bajaj Corp Limited (429.70 1.49%) and Bajaj Finance Limited (1621.00 2.05%).

Stock making new 52 weeks lows included - YAMINI INVESTMENTS COMPANY LTD. (18.80 -1.83%).

9 stocks climbed above their 200 day SMA including Adani Power Limited (31.80 6.53%) and Symphony Limited (1380.00 6.07%). 13 stocks slipped below their 200 SMA including Atul Limited (2290.00 -4.14%) and HCL Infosystems Limited (51.55 -3.01%).

Hindustan Zinc Limited    
21 Jul 2017, 02:43PM
279.15
-0.68%
Hindustan Zinc, Asia's biggest zinc producer, expects prices to soar click to expand

Already high zinc prices are expected to now hit decadal highs, due to production cuts in the industry. CEO Sunil Duggal, after a strong Q1 performance by Hindustan Zinc, said he expects prices of the metal to rise significantly in the next two quarters, touching $3,000 per metric ton.

Prices of zinc have already risen approximately 22% over the last 12 months. A major reason has been drops in production in the industry, after mines in the United States, Australia and Ireland have closed, benefiting Hindustan Zinc which increased its output amid higher prices. In Q1 the company reported an 81% increase in net income to Rs. 1,880 crore.

Multiple mining companies are making use of the opportunity to expand production - Hindustan Zinc has a new mine opening in South Africa, while Iran is leveraging its rich Mehdiabad property signing a $1 billion deal to develop its zinc reserves. Peru is also emerging as a new player in the space. But for the next couple of quarters, the price for zinc is only expected to go up, as the market works to revive supply. Demand is predicted to outstrip supply through FY18, according to the industry body. 

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HDFC Securities increased Neutral price target of Hindustan Zinc Limited to 270.0 on 21 Jul, 2017.
Jaiprakash Associates Limited    
21 Jul 2017
26.60
15.40%
Jhunjhunwala's new investments in Jubilant Life Sciences and Jaiprakash Associates click to expand

Rakesh Jhunjhunwala added two new stocks to his portfolio as per the latest shareholding data released for June 2017: Jubilant Life Sciences and Jaiprakash Associates. JP Associates has shot up in share price since the disclosure. 

Jhunjhunwala has also increased his stake in three stocks as of June 2017- pharma companies Aurobindo Pharma and Lupin Limited, and agrochemical company Rallis India. Among the five stocks Jhunjhunwala either newly purchased or increased his portfolio stake, his biggest total investment is in Lupin, where he holds Rs. 905.18 crore worth of shares. 

 

Jaiprakash Associates Limited has gained 28.19% in the last 1 Week
UFO Moviez India    
20 Jul 2017
395.00
1.69%
Analysts bullish on UFO Moviez India on back of advertising revenue trend click to expand

Analysts are bullish on UFO Moviez, which IDBI Capital claims, has significant opportunity upwards, given its strong earnings growth as well as improving earnings ratios. UFO Moviez is India’s largest digital cinema distribution network with a screen network of approximately 6636 worldwide, including 4940 screens in India. It currently has a 54% screen market share in India. 

Last year the company created a pan-India, in-cinema advertising platform with long-term advertising rights. This was focused on ad growth for single screens. The ad revenue stream grew nearly 12x from Rs 9.7 crore to Rs. 116.7 crore over five years, thanks to growth in ad minutes.

Analysts expect advertising to continue growing strongly through the FY18 quarters. The time of ad per show in single screens still lags behind the average ad minutes in multiplexes, which are nearly 4.5x that of single screens. As the ad minutes in UFO single screens begin to increase, analysts expect it to have a multiplier effect on revenues. The UFO Moviez management expects a revenue potential of Rs. 1000 crore from the segment, over the long term, although it hasn't clearly defined the time period over which it will see big jumps. To read the latest analyst report click here.

IDBI Capital released a Buy report for UFO Moviez India with a price target of 690.0 on 19 Jul, 2017.
Bajaj Auto Limited    
20 Jul 2017
2815.00
-0.13%
In the shade: Bajaj Auto has a disappointing June quarter, impacted by GST and new emission norms click to expand

Bajaj Auto reported disappointing results, with a 19.51% decline YoY in consolidated net profit for the June quarter.

Total income from company operations also fell from Rs. 6355.84 in the June quarter last year to Rs. 6,177.66 crore this quarter. The reasons Bajaj Auto cited included the GST transition,which had many customers postponing purchases. Some old stock held by dealers during the shift to GST resulted in loss on sale per motorcycle of around Rs. 1,400. The company said it has provisioned for Rs. 32 crore in compensation to the dealers.

The company was also hit by the Supreme Court directed move to BS IV vehicles from BS III, which resulted in dead stock. Total vehicles sales during the quarter declined 10.68 per cent to 8,88,434 units from 9,94,733 units. The firm's total exports rose by 10.48% to 4,09,525 units. Bajaj exported some BS III vehicles to markets which still allowed their sale. 

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Number of Mutual Funds holding stock rose by 7 to 168 in Jun 2017 qtr.