Keep track of Macro events and updates on the sectors that you are interested in. All reports with more than a single stock belonging to a sector end up here.
|Summary||Date||Stock||Broker||CMP||Target||Change since reco(%)||Upside(%)||Type||Report||Discuss|
|2017-04-21||Market Movement||Axis Direct||Daily Note|
|2017-04-20||Market Movement||Axis Direct||Daily Note|
Results Today : Crisil , Mindtree , Mastek , Hindustan Zinc SEBI said to plan tighter IPO, commodity broker inquiry Government plans to overhaul fiscal framework The National Stock Exchange will add 16 stocks to the futures and options segment with effect from April 28. These include Bajaj Finserv, NBCC, Balkrishna Industries Mahanagar Gas, V-Guard...
|2017-04-19||Banks||Prabhudas Lilladhar||Sector Update|
at rates higher than the regulatory minimum, based on evaluation of risk and stressinvarioussectors(ii)Theabovepolicyshallrequireareview,atleastona quarterlybasis,oftheperformanceofvarioussectorsoftheeconomytowhich thebankhasanexposuretoevaluatethepresentandemergingrisksandstress therein.Reviewwillbebasedonsomekeyparameterslikedebtequity,interest coverage ratio (IC ratio), profit margins, ratings upgrade/downgrade ratio,...
|2017-04-19||Agriculture||Nirmal Bang Institutional||Sector Update|
Nirmal Bang Institutional
monsoon is important for recovery in the rural sector, supporting consumer spending on staples as well as discretionary goods. Nevertheless there are risks to the forecast with the Australian Bureau of Meteorology coming out with 50% probability of El Nino conditions. El Nino conditions increase the chances of a poor monsoon, but on a positive note there is no exact correlation. Moreover as the IMD notes, during 34% of El Nino years, monsoon season rainfall was normal or above normal. There are other factors at play which also influence the monsoon in India. The Indian Ocean Dipole or IOD is another such ocean current, and a positive IOD can result in a good monsoon...
|2017-04-19||Market Movement||Axis Direct||Daily Note|
revenue of Rs 29,642 cr for the Q4FY17. Company declared dividend of Rs 27.5 per share and reported volume growth of 1.7%. Asian markets were trading lower led by declines in resources and financial stocks...
|2017-04-18||Construction Materials||HDFC Securities||Sector Update|
We maintain BUY on JKIL, change KNR Constructions and ITD Cementation rating from `Neutral? to `Under Review?. Other coverage stocks are being downgraded to `Neutral? from `BUY?, even as we await more strategic clarity across the sector this quarter.
|2017-04-18||Pharmaceuticals & Biotech.||ICICI Securities Limited||Neutral|
ICICI Securities Limited
EBITDA of the I-direct healthcare universe is expected to grow 10% YoY to | 9616 crore. EBITDA margins are likely to grow just 47 bps YoY to 24.3%. Sharp price erosion in the US base business may be offset by US exclusivities and growth in emerging markets. Net profit is expected to increase ~9% YoY to | 5779 crore, in line with the operational performance. On the regulatory front, Divi's Lab's Vizag API plant (unit-II) received USFDA import alert. However, USFDA has exempted 12 APIs from the import alert. Indoco Remedies has received warning letters from the USFDA for its Goa...
|2017-04-18||Construction Materials||Nirmal Bang Institutional||Sector Update|
Nirmal Bang Institutional
Housing For All' What Is In It For The Cement Sector? Housing for All by 2022 (HFA-22) is the flagship project of Prime Minister Mr. Narendra Modi. President Mr. Pranab Mukherjee, in his address to the joint session of Parliament on 9 June 2014 had announced that by the time the nation completes 75 years of its independence, every family will have a pucca house (permanent housing structure) with water connection, toilet facility, 24x7 electricity supply and access. In order to achieve this objective, the central government launched a comprehensive scheme called Pradhan Mantri Awas Yojana Housing for All by 2022. The scheme received cabinet approval in...
|2017-04-18||India Macro Indicators||ICICI Securities Limited||Economy Update|
ICICI Securities Limited
Food inflation contributed to the overall rise due to a rise in milk, eggs and fruits prices. Meanwhile, core CPI marginally inched up to 4.90% in March 2017 vs. 4.82% in February 2017 due to a pick-up in health and...
|2017-04-18||Market Movement||Axis Direct||Daily Note|
|2017-04-17||Market Movement||Axis Direct||Daily Note|
|2017-04-14||Consumer Durables||HDFC Securities||Sector Update|
FMCG companies witnessed strong headwinds post demonetisation (DeMo), which reflected in their 3QFY17 numbers. Although the DeMo impact from the demand point of view has nearly vanished, wholesale channels and rural market growth continued to be challenging in 4QFY17. Most of the FMCG companies witnessed a minor impact of DeMo in 4QFY17 too. However, a complete recovery is expected starting 1QFY18.
|2017-04-13||Realty||HDFC Securities||Sector Update|
Change in rating: With a sharp rise in share prices, we downgrade the real estate sector coverage to NEUTRAL. Changes in TP: We increase TP of Kolte Patil to Rs 177/sh (reduce NAV discount from 35% to 20% as demonetisation is largely behind us). We increase our TP of Brigade Enterprise to Rs 230/sh (reduce rental cap rate to 8.5% and change base property price correction from 15% to 10%.)
|2017-04-13||Agriculture||HDFC Securities||Sector Update|
The sowing of Rabi crops touched a record high, despite demonetisation. The area sowed touched ~65mn hectares ( 6% YoY), led by wheat ( 7%), pulses ( 11%) and oilseeds ( 6%). However, the failure of the North-East monsoons in the country in the last two years has resulted in a drought-like situation in parts of Tamil Nadu, Karnataka, AP and Telangana.
|2017-04-13||Automobiles & Auto Components||HDFC Securities||Sector Update|
4QFY17 was a difficult quarter for auto companies, with several macro and regulatory headwinds curtailing growth. These include the spillover effect of demonetisation, input cost pressure and the SC ban on the sale of BS-III vehicles.
|2017-04-13||Banks||HDFC Securities||Sector Update|
4QFY17 will continue to be a challenging quarter for Indian Banks (especially the corporate-heavy ones), given slower loan growth, NIM decline and continued elevated credit costs. However, due to the low base (AQR impact in 4QFY16), these Banks are expected to a report a sharp rise in net earnings (except AXSB).
|2017-04-13||Construction Materials||HDFC Securities||Sector Update|
The lagged impact of demonetisation and a strong base (volume growth of the cement industry in 4QFY16 was ~16%) are likely to impact 4QFY17 volume growth, resulting in one of the weakest peak seasons on record. We expect our coverage universe to deliver 1.7% growth in volumes in 4QFY17. Of the companies, Shree Cement is expected to deliver 11% volume growth, while the rest would deliver flat YoY volumes.
|2017-04-13||Crude Oil||HDFC Securities||Sector Update|
Downstream: Results will be weak sequentially, led by (1) A fall in GRM, (2) Strong INR, and (3) Absence of huge inventory gains that OMCs enjoyed in 3QFY17. Our top pick is IOC. Upstream players: Oil prices remain strong. However, domestic natural gas prices were muted. Volumes will be flat for ONGC and Oil India. We expect crude prices to remain range-bound at ~USD 55/bbl. We see potential in both ONGC and OIL, if crude prices remain stable. We are upgrading ONGC and Oil India to BUY.
|2017-04-13||India Macro Indicators||Nirmal Bang Institutional||Economy Update|
Nirmal Bang Institutional
Consumer Price Index or CPI inflation inched up to 3.8% in March 2017 from 3.7% in the Research Analyst (Economist) CPI Inflation Inches Up To 3.8% YoY, IIP Declines 1.2% YoY previous month, below consensus estimate of a 3.9% increase, and our expectation of a email@example.com 4.2%rise. The downside surprise came from vegetables as their prices rose less than +91 22 3926 8114 expected. The increase in core inflation was also relatively muted, up from 4.8% in February 2017 to 4.9% in March 2017. As a result, average CPI inflation in FY17 stood at 4.5%, while inflation in 4QFY17 averaging 3.6% remained below the Reserve Bank of India or RBI's 5% target. We do not expect every negative supply shock to be met with a rate cut...