Book profits at higher levels; 4 stocks which could give up to 11% return

The Indian equity market witnessed a strong uptrend rally despite a negative momentum during the early weekday session on the backdrop of the election result.

The Nifty index managed to close above a crucial hurdle placed at 10,400 levels last week which enabled the index to breakout with a record high level at 10,501 but it failed to sustain above that level. However, the index closed on the positive trajectory at 10,493.

On the daily price chart, the index formed a hard bull candlestick pattern after consolidating for the past two sessions, indicating a possibility of a rally in the upcoming session.



Further, the force pointer turned positive with the relative quality record (RSI) at 63 step up from prior zone combined with MACD still over its Signal Line.

Given an unstable week in front of F&O expiry, the file is relied upon to exchange with the rangebound level at 10,550 on upside and 10,410 levels on the drawback.

In any case, it should support over 10,450 levels to proceed with the uptrend rally. We encourage financial specialists to book benefits at a more elevated amount in front of new arrangement.

Here is a rundown of best 4 stocks which could offer up to 11% return for the time being:

Puravankara Projects Ltd: BUY| Target Rs195 | Stop-misfortune Rs160 | Return 11%

Puravankara Projects exchanged on uptrend direction for a large portion of the session regardless of a minor solidification on specific levels.

Despite the fact that exchanging on level energy amid the early weekday's session, the stock saw a solid volume development towards the last exchanging session to enroll 52-week high at 182 levels however neglect to manage.

Notwithstanding, it figured out how to close the session with 5.07 percent pick up on an intraday premise. On the week by week value outline, the stock shaped a solid bullish candle design combined with its auxiliary energy showing a solid help for the uptrend.

The scrip likewise saw an essential bullish hybrid demonstrated by MACD which flags a positive pattern. With value exchanging over every one of the levels in the present session, a noteworthy help for the scrip is put at 151 levels and protection level at 182.

We have a BUY proposal for Puravankara which is as of now exchanging at Rs. 176.20

JK Paper Ltd: BUY | Target Rs155 | Stop-misfortune Rs135 |Return 8%

JK Paper saw a solid bullish inversion drift in the wake of solidifying at higher help level put almost 117 and kept on exchanging on uptrend direction.

In spite of exchanging on quieted development amid early session, the value incline bobbed on bullish front combined with volume bolster towards the end of the week and increased around 10 percent on week after week premise.

On the every day value diagram, the scrip shaped a bullish immersing sort of candle design recommending a conceivable up move in the up and coming session. Further, the RSI at 60s levels shows a great purchasing value zone for bulls combined with positive MACD at 5.42 still in place over its Signal Line.

With the present value exchanging most importantly moving normal levels, a noteworthy help for the scrip is seen at Rs133 and protection level is set at Rs159. We have a BUY suggestion for JK Paper which is at present exchanging at Rs143.85

Bombay Rayon Fashions: SELL| Target Rs145 | Stop-misfortune Rs160 | Return 5%

Bombay Rayon kept on confronting headwinds on its every day value development in the wake of enlisting 52-week high and saw a proceeded with free tumble to exchange at bring down level from that point.

In spite of seeing the up move it neglected to maintain and stayed under strain with negative viewpoint combined with bring down volume bolster.

On the week after week value outline, it shaped a solid bearish candle design which is relied upon to hold the stock under strain with no real breakout in here and now.

Further, the cost is at present underneath all the moving normal level combined with bearish hybrid on its energy pointer, along these lines showing a proceeded with negative viewpoint going ahead.

The stock is confronting protection at 168 levels while the help level is seen at 140. We have a SELL suggestion for Bombay Rayon which is presently exchanging at Rs. 152

Dilip Buildcon Ltd: BUY| Target Rs1044 | Stop-misfortune Rs. 978 | Return 5%

Dilip Buildcon saw a solid union at 880-911 levels amid the begin of the month giving a bearish viewpoint in the wake of arousing at a more elevated amount. In any case, amid the present session, the stock remembered from its urgent help level set close to 973 and gave a bullish inversion incline with 9.56 percent pick up on week after week premise.

In the wake of shutting the last session with 7% pick up, the stock framed a bullish candle design, demonstrating a bullish inversion drift in its day by day value diagram.

The force marker with RSI level at 69 additionally proposes a solid help for bullish uptrend combined with MACD demonstrating a bullish hybrid simply occurring at current administration.

Right now, the scrip is confronting a quick protection from its 52-weeks high at 1008 levels took after by 1210 and significant help will be seen at 933 levels. We have a BUY suggestion for Dilip Buildcon which is as of now exchanging at Rs. 993.85.

Disclaimer: The creator is Founder and CEO, 5nance.com. The perspectives and venture tips communicated by speculation master without anyone else and not that of the site or its administration. Moneycontrol.com encourages clients to check with guaranteed specialists before taking any venture choices.
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Prataap Snacks' Rs 482-cr IPO to hit market on September 22

Indore-based snacks maker Prataap Snacks' estimated Rs 482-crore initial public offer (IPO) will open for subscription on September 22.

The issue, with a price band of Rs 930-Rs 938 per equity share, will close on September 26.

The Rs 482-crore issue size includes Rs 200 crore through fresh equity issue and the rest from offer for sale. It will also offer a discount of Rs 90 per share to eligible employees of the company.

The Sequoia Capital-backed company, which clocked a revenue of Rs 903 crore last fiscal, also plans to enter the sweet snacks category in a fortnight's time, Managing Director and Chief Executive Officer Amit Kumat told reporters here.

Sequoia Capital's stake would reduce to 49 % post IPO from 63 % at present, while the other three promoters -- Arvind Mehta, Amit Kumat and Apoorva Kumat's shareholding will come down to approximately 24 % from around 33-34 % at present.

The organised snack category in India is estimated to be Rs 22,000 crore in size and growing at 10-11 %. Prataap Snacks has been clocking a CAGR of over 27 %.

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Kamdhenu Q1 profit jumps 45% to Rs 2.76 crore

Kamdhenu Ltd, one of the largest sellers of branded TMT bars, has posted a 45% rise in net profit in the first quarter ended June 30, 2017 (Q1 FY18) to Rs 2.76 crore over previous corresponding period. The company’s revenues went up 23% in Q1FY18 to Rs 235.72 crore over same period last year, led by higher volume of sales and an increase in steel prices during the quarter under review. 

The company said it managed to increase sales volume by almost 12% in April-June 2017 despite a downtrend in domestic steel industry which has seen poor demand from housing and real sector where the company’s main product, TMT bars are used in construction activity. 

“We are focused on further expanding the reach of Kamdhenu brand and in the process we have managed to convert a portion of the unorganized segment of the industry into organized one by providing them with quality and technology and marketing support, Agarwal pointed out. 

Sharing his future outlook, Agarwal said with onset of festive season and normalization of operations post GST implementation, we expect strong recovery in demand from real estate and infrastructure sectors. “This trend is likely to strengthen further with increase in construction activity in ruburban India due to good monsoon and increased demand for structural steels for large infrastructure projects,” Agarwal added. 

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TCS regains second most valued firm slot from HDFC Bank

Overtaking HDFC Bank, Tata Consultancy Services (TCS) on Tuesday regained its status as the country's second most valued firm in terms of market capitalization.

Earlier in the day, HDFC Bank had surpassed TCS to become the country's second most valued firm.

However, it slipped to the third position in the ranking chart at the close of trade. In the afternoon trade, market capitalisation (m-cap) of HDFC Bank reached Rs 4,73,530.72 crore, crossing that of TCS was Rs 4,72,733.32 crore.

However, at the close of trade, TCS' market valuation stood at Rs 4,76,045.04 crore, which was Rs 2,578.86 crore more than HDFC Bank's Rs 4,73,466.18 crore valuation.

Shares of TCS went up by 0.94 per cent to close at Rs 2,486.80 on BSE, while HDFC Bank gained 0.62 per cent to end at Rs 1,834.15. Reliance Industries Ltd is the country's most valued firm with a market cap of Rs 5,35,509.87 crore, followed by TCS, HDFC Bank, ITC (Rs 3,38,064.40 crore) and HDFC (Rs 2,86,404.51 crore).

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आज का बाजार: कैसी रहेगी चाल, कहां मुनाफे की गारंटी

निफ्टी में 10000 के स्तर के बाद ऊपरी स्तर पर मुनाफावसूली देखने को मिल रही है। हालांकि बाजार में मुमेंटम जारी रहने की पूरी संभावनाएं बनी है। लेकिन बाजार की तेजी अब तक रहेगी यह कहना थोड़ा मुश्किल है। लिहाजा 10000 के स्तर पर निफ्टी का टिकना अहम है।

गौरांग शाह के मुताबिक यूएन सिक्योरिटी काउंसिल की बैठक में क्या फैसला लिया जाता है यह देखना जरुरी है क्योंकि इसके चलते बाजार में अनिश्चितता का माहौल बना रह सकता है।

शानदार कमाई की वैल्यू पिक्स

पीआई इंडस्ट्रीजः लंबे नजरिए से खरीदें, लक्ष्य 885 रुपये

गौरांग शाह ने लंबी अवधि के लिहाज से वैल्यू पिक के तौर पर पीआई इंडस्ट्रीज को चुना है। गौरांग शाह का कहना है कि कंपनी लगातार अच्छे नतीजे पेश कर रही है। हालांकि इस तिमाही में जीएसटी के कारण कंपनी के नतीजे पर थोड़ा असर जरुर देखऩे को मिला था। लेकिन कंसोलेडेशन के बाद इसमें और भी तेजी की उम्मीद है। लिहाजा इसमें 1 साल का नजरिया रख 885 रुपये के लक्ष्य के लिए खरीदारी की जा सकती है।

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Sebi imposes Rs 2,423 cr fine on PACL, 4 directors

Regulator Sebi today imposed Rs 2,423 crore fine on PACL Ltd and its four directors for illegal fund mobilisation through various schemes that were used by the group to garner over Rs 49,000 crore from the public.

While the group, which had collected money in the name of real estate projects among other schemes, was asked by Sebi nearly three years ago to refund Rs 49,100 crore to the investors, the regulator has passed a fresh order to impose a monetary penalty for violation of Sebi's Prevention of Fraudulent and Unfair Trade Practices Regulations. 

The refund process is being overseen by a Supreme Court- appointed committee, which has been able to collect "only a few hundred crores", Sebi said, while noting that the case requires imposition of a much bigger penalty equivalent to three times of the illicit gains made by them.

About the latest case, for which the order was passed today, Sebi said the magnitude of the violation can be assessed from the fact that huge illegal mobilisation of money was made leading to consequent profits to the tune of Rs 2,423 crore in a short span of less than one year.

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GDR manipulation: Sebi cracks down on foreign, domestic firms

Cracking the whip, Sebi today barred 19 domestic and foreign entities from securities markets for manipulation in issuances of global depository receipts and warned several others including FIIs. 

The regulator has imposed a ten-year ban on K Sera Sera and Asahi Infrastructure and Projects, which figured among the six companies whose GDR issuances were manipulated, while at least 26 entities including European American Investment Bank AG (Euram) have been warned that all their future dealings in Indian markets should be strictly as per regulations. 

Sebi has been probing misuse of GDRs (Global Depository Receipts) for routing black money back to India for which role of more than 50 individuals and companies was under scanner. 

The modus-operandi typically involves creating an intricate web of entities in offshore locations for multi- layered transfers of funds before bringing them back to India. 

GDR is a popular financial instrument used by listed companies in India, as also in many other countries, to raise funds denominated mostly in US dollar or euros. 

Typically, GDRs are bank certificates issued in more than one country for shares of a company, which are held by a foreign branch of an international bank. While shares trade on a domestic stock exchange, which happens to be in India in the present case, they can be offered for sale globally through the empanelled bank branches.

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RBI includes HDFC Bank in 'too big to fail' list

RBI included HDFC Bank in the list of 'too big to fail' lenders, referred to as D-SIB or domestic systemically important bank.

India's largest lender SBI and private sector major ICICI Bank were classified as D-SIBs in 2015.

With the inclusion of HDFC Bank in the list, there will now be three 'too big to fail' financial entities in the country.

SIBs are subjected to higher levels of supervision so as to prevent disruption in financial services in the event of any failure.

"The additional Common Equity Tier 1 (CET1) requirement for D-SIBs has already been phased-in from April 1, 2016 and will become fully effective from April 1, 2019," the Reserve Bank said in a statement.

The additional CET1 or core capital requirement will be in addition to the capital conservation buffer, it added.

RBI had issued the framework for dealing with D-SIBs in July 2014.

As per the framework, RBI has to disclose the names of banks designated as D-SIBs every year in August starting from 2015 and place these banks in appropriate buckets depending upon their Systemic Importance Scores (SISs).

SIBs are seen as 'too big to fail (TBTF)', creating expectation of government support for them in times of financial distress. These banks also enjoy certain advantages in funding markets.

On the downside, according to some experts, expectations of government support amplifies risk-taking, reduces market discipline, creates competitive distortions and increases probability of distress in future.

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Top 5 stocks in which brokerages initiated coverage in August can rally up to 32% in 1 year

The Bulls failed to reclaim control on D-Street in the month of August as the S&P BSE Sensex slipped nearly 800 points or 2.4 percent. But, there was plenty of stock specific action as nearly 20 stocks rose between 50-100 percent in the same period.

Most of the domestic brokerage firms such as SBI, Kotak Private Client Research, HDFC Securities, as well as Equirus have initiated coverage for the first time in certain stocks this week.

We have collated a list of top 5 stocks on which brokerage initiates coverage in August

Bodal Chemicals: BUY| Target Rs 215| Return 28%

SBIcap Securities initiates a coverage on Bodal Chemicals with a buy recommendation and a target price of Rs 215.

NBCC: BUY| Target Rs260| Return 27%

SBIcap Securities initiates a coverage on NBCC with a buy recommendation and a target price of Rs 260. With its excellent track record of implementing complex projects, NBCC has become the de-facto choice for being project management consultant (PMC) for big ticket projects to be rolled out under new government initiatives.

Asian Granito India: BUY| Target Rs603 | Return 32%

Kotak Securities initiated coverage on Asian Granito India Ltd with a buy rating and a target price of Rs603. Asian Granito, promoted by Mr. Kamlesh Patel and Mr. Mukesh Patel in the year 2000, is engaged in the manufacture and sale of ceramic wall and floor tiles, vitrified tiles, digital polished glazed vitrified tiles, digital wall tiles, marble, and quartz.

We value the company at 23x P/E based on its relative comparison with companies in the same segment and riding on consumerism.

Maruti Suzuki India: Long| Target Rs8993| Return 16%

Equirus initiated coverage on Maruti Suzuki for the first time with a long rating and a target price of Rs 8993.

The brokerage firm is of the view that MSIL is a structural growth story and waiting periods on some of its large-selling models will help it trade at premium valuations, similar to what we saw in case of Eicher Motors in the past.

BSE Limited: BUY| Target Rs1200| Return 23%

HDFC Securities initiates a coverage on BSE with a buy rating and a target price of Rs 1200. The Bombay Stock Exchange Ltd (BSE) is Asia’s oldest stock exchange (estd. 1875 and listed in Feb-17).

Long term investors should take cognizance of its recent (if overdue) renaissance under a market savvy management, including its recent listing. With the latest technology platform, BSE claims to be ten times faster than NSE (its much larger competitor).

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BSE to move 4 firms to restricted segment for violating rules

Leading stock exchange BSE will next month shift stocks of four firms to the restricted trading category for not complying with listing rules. 

Delta Leasing and Finance, Muller and Phipps India, Unimers India and Visu International will be transferred to the Z group from September 1, the BSE said in a notice dated August 24. 

The Z group includes companies that have failed to comply with Sebi's listing requirements. 

The firms will be moved to the restricted trading category "due to non-compliances" for two consecutive quarters -- January-March and April-June -- with Regulation 31 of Sebi (Listing Obligations and Disclosure Requirements) Regulations, the exchange said. 

Regulation 31 relates to disclosure of shareholding pattern within a timeframe. 

The BSE also said the trades in the four scrips executed in the Z group will be settled on the trade-for-trade basis. 

Under this segment, no speculative trading is allowed, and delivery of shares and payment of consideration amount are mandatory. 

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Foreign ownership in BSE-200 rises by 43 bps to 24.93%

Foreigners have ramped up their ownership in domestic equities during the three months to June by 43 basis points to 24.93 percent, which is only a tad less than than the promoters' holdings, according to an industry report.

While foreigners own USD 388 billion in the BSE-200 index companies, domestic institutions investors (DIIs) account for only USD 271 billion, or 12.2 per cent, marginally up from 11.8 per cent three months ago, according to the data collated by domestic brokerage Kotak Securities.

This is 24.93 percent of the USD 1.557 trillion of market cap of the index, which is the single largest ownership of the domestic market, according to the report. In March FPIs' ownership in markets was 24.55 percent.

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LIC trims stake in Tata Global Beverages to 5.67%

State-owned Life Insurance Corporation (LIC) has reduced its shareholding in FMCG firm Tata Global Beverages Ltd (TGBL) to 5.67 per cent by selling 2.03 stake in open market. 

LIC sold 1.28 crore shares, representing 2.03 per cent stake, of TGBL in open market between July 4 and August 23, the Tata group company said in a filing to BSE. 

The insurance giant had 7.70 per cent stake in TGBL earlier. 

In July, LIC had sold 2.14 per cent share in TGBL in the market to bring down its shareholding in the company to 7.70 per cent from 9.85 per cent earlier. 

TGBL's tea brand includes Tata Tea, Tetley, Good Earth Teas, Vitax, teapigs and JEMCA. 

It is the world's second-largest manufacturer and distributor of tea with significant brand presence in over 40 countries across Asia, Europe, North America, the Middle East, Africa and Australia. In coffee segment, it has Eight OClock and Grand brands. 

The Tata group firm also operates a coffee chain with Starbucks in India in a 50:50 joint venture. 

Shares of Tata Global Beverages Ltd (TGBL) ended at Rs 194.30 apiece, down 1.20 per cent, on the BSE.

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Hindustan Copper restarts mining operation at Surda Mine

Hindustan Copper said that mining operation of Surda Mine located at Ghatsila, Jharkhand has been restarted by Shriram EPC with effect from August 21, 2017. Surda mine has the capacity to produce 4 lakh tonne of copper ore annually, the company said in a filing to the Bombay Stock Exchange.

Earlier, the operation of Surda mine was stopped after India Resources (IRL), Special Purpose Vehicle (SPV) of Eastern Goldfields (EGL), has unilaterally terminated the operation and maintenance of Surda mine contract with effect from June 2, 2017. Meanwhile, shares of the company were trading at Rs 62.20 apiece, up 1.88 per cent from the previous close at 12:55 hours on BSE.

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Eight of top 10 firms add Rs 54,968 crore in market capitalization

The combined market valuation of eight of the 10 most valued firms surged by Rs 54,968.17 crore last week, with ITC and HUL emerging as the biggest gainers.

Infosys and State Bank of India (SBI) however suffered losses in their market capitalization (m-cap) for the week ended Friday. The rest eight firms including RIL, Tata Consultancy Services (TCS) and HDFC Bank saw an addition to their m-cap.

The valuation of ITC soared Rs 12,559.75 crore, to reach Rs 3,43,120.21 crore.

HUL's m-cap jumped Rs 10,140.52 crore to Rs 2,59,670.81 crore and that of Reliance Industries Ltd (RIL) advanced by Rs 9,381.74 crore to Rs 5,12,304.52 crore.

IOC, the new entrant in the top-10 list, added Rs 7,042.02 crore to Rs 2,07,250.02 crore in its market valuation.

The m-cap of HDFC soared Rs 6,579.77 crore to Rs 2,76,439.84 crore and that of Maruti Suzuki India surged Rs 5,050.78 crore to Rs 2,30,186.52 crore.

TCS' valuation went up by Rs 3,608.43 crore to Rs 4,81,031.76 crore and that of HDFC Bank rose by Rs 605.16 crore to Rs 4,51,602.81 crore.

On the other hand, Infosys saw its m-cap erode by Rs 14,847.69 crore to Rs 2,12,033.02 crore. Shares of Infosys had on Friday ended sharply lower by nearly 10 percent after Vishal Sikka, the first non-founder CEO of the company, called it quits.

SBI's valuation slumped Rs 1,726.41 crore to Rs 2,40,532.08 crore. RIL continued to rule the top-10 m-cap chart followed by TCS, HDFC Bank, ITC, HDFC, Hindustan Unilever Ltd, SBI, Maruti, Infosys and IOC. Over the last week, the BSE's 30-share benchmark recorded gains of 311.09 points, or 0.99%.

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KKR's Moneyline Portfolio sells 85 lakh shares in Max Financial

Private equity major KKR's unit Moneyline Portfolio Investments sold 85 lakh shares in Max Financial Services on Wednesday at Rs 605.02 per share, bulk deal data on the BSE showed. 

The name of the buyers could not be ascertained immediately. Moneyline Portfolio held 2.66 crore shares or 9.94% stake in Max Financial at the end of June. Shares of Max Financial ended up 0.84% at Rs 605.10 on the BSE, off its day's high of Rs 624. 

KKR had acquired the stake in Max Financial in February 2016 from a group of promoters including Analjit Singh, to become the largest institutional shareholder in the company. 

Besides Moneyline, Barron Emerging Markets Fund held 28.15 lakh shares or 1.05% stake in Max Financial, while Morgan Stanley (France) S.A. held 44.69 lakh shares or 1.67% stake, shareholding data for the quarter ended June showed.

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350 stocks seeing strong FPI interest ; Up to 550% return in 1 year

With strong fundamentals as well as strong growth visibility for the domestic economy, foreign portfolio investors (FPI) continued to be upbeat on the domestic capital market for the second consecutive financial year. 

They increased stake in 350 companies during June quarter compared with that in March quarter. Some of these stocks have surged up to 550 per cent in last one year. 

Starting with top gainers, shares of Indiabulls Ventures have risen 546 % to Rs 190.90 on July 31, 2017 from Rs 29.55 on July 29, 2016. FPIs increased stake in the company to 13.41 % as of June 30, 2017 from 1.50 % as of March 31, 2017. 

Jindal Worldwide is another stock that is seeing a lot of FPI interest. Foreign portfolio investors held 0.02 % stake in the company at the end of June quarter against zero holding at the end of March quarter. Shares of Jindal Worldwide have risen 373 % in last one year till July 31, 2017 .

Net FPI inflow to Indian equities, which stood at Rs 48,411 crore in 2016-17, has already exceeded Rs 1 lakh crore this financial year. With robust inflows, equity benchmarks Sensex and Nifty have surged to record highs. 

Nifty recently surpassed the 10,000-mark for the first time since its inception two decades ago while the Sensex breached the 32,500 mark, a lifetime high.

Some of the midcap and smallcap stocks that gained favour from FPIs during the quarter included Minda Industries, Indian Metals, Caplin Point Labs, Avanti Feeds, Nocil, Future Lifestyle, JP Associates, Rane Holdings, Sterlite Technologies, PNB Gilts, National Fertilizer, Siyaram Silk and MRF. 

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टाटा मोटर्सः मुनाफा 41.6% बढ़ा, आय 9.6% घटी

वित्त वर्ष 2018 की पहली तिमाही में टाटा मोटर्स का मुनाफा 41.6 फीसदी बढ़कर 3200 करोड़ रुपये हो गया है। वित्त वर्ष 2017 की पहली तिमाही में टाटा मोटर्स का मुनाफा 2260 करोड़ रुपये रहा था।

वित्त वर्ष 2018 की पहली तिमाही में टाटा मोटर्स की आय 9.6 फीसदी घटकर 58,651 करोड़ रुपये रही है। वित्त वर्ष 2017 की पहली तिमाही में टाटा मोटर्स की आय 66,166 करोड़ रुपये रही थी।

सालाना आधार पर पहली तिमाही में टाटा मोटर्स का एबिटडा 7616 करोड़ रुपये से घटकर 5597 करोड़ रुपये रहा है। सालाना आधार पर पहली तिमाही में टाटा मोटर्स का एबिटडा मार्जिन 11.7 फीसदी से घटकर 9.6 फीसदी रहा है।

वहीं, वित्त वर्ष 2018 की पहली तिमाही में टाटा मोटर्स को 467 करोड़ रुपये का स्टैंडअलोन घाटा हुआ है। वित्त वर्ष 2017 की पहली तिमाही में टाटा मोटर्स का स्टैंडअलोन मुनाफा 25.7 करोड़ रुपये रहा था।

वित्त वर्ष 2018 की पहली तिमाही में टाटा मोटर्स की स्टैंडअलोन आय 9.3 फीसदी घटकर 10,375 करोड़ रुपये रही है। वित्त वर्ष 2017 की पहली तिमाही में टाटा मोटर्स की स्टैंडअलोन आय 11,435 करोड़ रुपये रही थी।

वित्त वर्ष 2018 की पहली तिमाही में टाटा मोटर्स का स्टैंडअलोन एबिटडा 64.1 करोड़ रुपये के घाटे में रहा है। वित्त वर्ष 2017 की पहली तिमाही में टाटा मोटर्स का स्टैंडअलोन एबिटडा 475 करोड़ रुपये के मुनाफे में था।

वित्त वर्ष 2018 की पहली तिमाही में जेएलआर का मुनाफा 59.5 करोड़ पाउंड रहा है, जिसमें 43.7 करोड़ पाउंड का एकमुश्त क्रेडिट शामिल है। सालाना आधार पर पहली तिमाही में जेएलआर की आय 24.4 करोड़ पाउंड बढ़कर 560 करोड़ पाउंड रही है।

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RBI allows overseas investors to bet more on Interest futures market

The RBI has created a separate limit for the foreign portfolio investors investing in the interest rate futures (IRF) market -- a market normally tapped by those holding government securities to hedge interest-rate risks. By doing so, the central bank has indirectly raised the bond holding limit of FPIs. 

"It is proposed to allocate FPIs a separate limit of Rs 5,000 crore for long position in IRFs," RBI said in the policy statement. "The limits prescribed for investment by FPIs in government securities will then be exclusively available for acquiring such securities." 

Interest rate futures (IRFs) are no different from stock and currency futures on which individuals and institutions bet either to trade or cover risks against bond investments. In IRF contracts, a trader will go long when he expects the price of the 10-year underlying bond to rise. 

"There are a few FPIs, who trade in interest rate futures," said Sandeep Bagla, associate director at Trust Capital Services. "With this separate limit, others too can join them. Overall the move will give more space for FPI participation." 

"RBI too does not need to worry about exchange rate risk as long as IRF trades are concerned," he said. 

Overseas investors have been aggressively investing in Indian debt securities. But they have exhausted 99.34 per cent of the total limit now at Rs 1,87,700 crore, shows data from National Securities Depository. They have nearly used up the full limit in corporate bonds pegged at Rs 2.26 lakh crore. 

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Q1 performance of India's top 5 companies

Profit or loss -

We are half way into June quarter results and more than 15 Sensex companies have already declared their quarterly numbers.

While India Inc’s earnings growth continued to lag estimates for June quarter, the domestic stock market last week hit levels never seen before on Dalal Street.

Here is a review of earnings of India’s 10 most valued companies.

Reliance Industries

Reliance Industries’ consolidated net profit rose 28 per cent to Rs 9,108 crore in the June quarter, compared with Rs 7,113 crore in the same quarter last year.

Profit was boosted by Rs 1,087 crore earned from the sale of stake in Gulf Africa Petroleum Corp.

HDFC Bank

HDFC Bank, the second largest private sector lender, reported a 20.2 per cent year-on-year (YoY) rise in net profit at Rs 3,894 crore for the June quarter.

The lender had reported Rs 3,239 crore profit in the year-ago quarter.

Maruti Suzuki

The country’s largest car maker, Maruti Suzuki India, reported 4.4 per cent increase in net profit at Rs 1,556.4 crore for the first quarter ended June 30, 2017.

Due to strong volume growth, its revenue increased by 16.4 percent to Rs 19,777.4 crore viz-a-viz year-ago quarter.

Infosys

India's second biggest software services exporter Infosys reported a 1.4 per cent growth in its net profit at Rs 3,483 crore for the April-June quarter.

The IT major overshot first-quarter profit estimates helped by key client wins. Infosys added eight clients in its $100 million category during the quarter.

Kotak Mahindra Bank

Kotak Mahindra Bank's June quarter earnings rose 23 per cent to Rs 912.7 crore driven by growth in all its businesses from retail to treasury to corporate lending.

Net interest income climbed 17 per cent to Rs 2,245.5 crore, from Rs 1,919 crore last year.

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Govt raises Rs 535 cr from NFL share sale

The government's 15 per cent stake sale in National Fertilizers Ltd (NFL) today fetched Rs 535 crore to the exchequer, with over-subscription from both retail and institutional investors.

The two-day offer for sale (OFS) opened for retail investors today and was over-subscribed 1.66 times.

Against Rs 107 crore reserved for retail investors, total bids of Rs 178.67 crore were received.

Institutional investors' portion was over-subscribed 1.35 times yesterday with bids worth Rs 578.8 crore coming in against shares for value of Rs 428.57 crore at the floor price.

"Overall, NFL OFS for 15 per cent divestment for equity shares of 7.35 crore amounting to Rs 535.71 crore at the floor price Rs 72.80 per share, received a total demand for equity shares amounting to Rs 757.45 crore. Therefore, the OFS of NFL was over-subscribed by 1.41 times," the Finance ministry said in a statement.

This is the third CPSE OFS in the current financial year, and the government is likely to get Rs 535 crore approximately, it added.

The government shareholding in NFL after this OFS has come down to 74.71%.

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