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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Sun Pharma sees single-digit decline in revenues for FY18

Pharma major Sun Pharmaceutical Industries said its short-term outlook continues to be challenging and expects a single-digit decline in consolidated revenues for FY18. 

"The short-term outlook continues to be challenging as the US generics industry is facing rapidly changing market dynamics. 

"In the Indian market, there is uncertainty amongst the trade channels due to the GST implementation, although it may be temporary. Given these factors, growth could be a challenge in FY18 and we expect a single-digit decline in consolidated revenues for FY18 over FY17," Shanghvi said. 

The company's consolidated R&D investments for FY18 will be about 9-10 per cent of revenues. 

"Our R&D investment in FY17 was Rs 23 billion, targeted mainly at developing complex generics and specialty products. R&D is the engine, which will drive our journey of moving up the pharmaceutical value chain. 

"We are also investing in enhancing our product pipeline for emerging markets and other non-US developed markets. We continued to build our specialty pipeline during the year and simultaneously investing in developing the requisite front-end for this business in the US. We expect this trend to continue in future as well," the managing director said. 

The company is entering into the third and the most important year of integration of Ranbaxy with the company. 

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RBI income in FY17 dips 24%, while expenses rise 108%

The Reserve Bank of India’s income for the year 2016-17 decreased by 23.56 percent while its expenditure increased by 107.84 percent, according to its annual report.

The year ended with an overall surplus of Rs 30,659 crore, a decline of 53.46 percent from Rs 65,876 crore in the previous year. This surplus was transferred as dividend to the government.

“The balance sheet size of the Reserve Bank increased marginally by 1.88 percent for the year ended June 30, 2017, RBI said in its annual report.

The balance sheet of the Reserve Bank reflects its role in the functioning of the country’s economy largely in terms of the activities carried out in pursuance of its currency issue function as well as monetary policy and reserve management objectives.

The balance sheet increased by Rs 61,083 crore from Rs 32.43 lakh crore as on June 30, 2016 to Rs 33.04 lakh crore as on June 30, 2017.

“The increase on the asset side was due to the increase in foreign investments and domestic investments by 2.70 percent and 7.45 percent, respectively, and capital contribution to the subsidiaries of the Reserve Bank. On the liability side, the increase was mainly due to increase in deposits by 76.96 percent.

Domestic assets constituted 24.32 percent while the foreign currency assets and gold (including gold held in India) constituted 75.68 percent of total assets as on June 30, 2017 as against 24.59 percent and 75.41 percent, respectively, as on June 30, 2016,” the report added.

Further, provisions of Rs 13,140 crore and Rs 50 lakh were made and transferred to Contingency Fund (CF) and Asset Development Fund (ADF), respectively.

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Vijaya Bank to raise Rs 1000-cr in QIP

State-run lender Vijaya Bank launched a Rs 1,000-crore institutional sale of shares with a floor price of Rs 66.36 per share.

The Bengaluru-based bank can offer a discount of up to 5 percent on the floor price for the qualified institutions' placement (QIP) of shares, it said in a regulatory filing.

The bank board had decided to go for the QIP at its meeting on May 9, for which the shareholders had given their ascent on June 23.

The QIP committee today approved the opening of the share sale immediately, it said.

The bank scrip closed 2.17 % up at Rs 70.75 a piece on the BSE today as against a 0.49 percent gains in the benchmark.

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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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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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BSE`s Q1 result consolidated net profit zooms to Rs 524 cr

BSE, Asia's oldest stock exchange, Yesterday reported a 12-fold jump in net profit to Rs 523.70 crore for the June quarter of the current financial year. 

In comparison, the exchange had a net profit of Rs 43.70 crore in the first quarter of last fiscal, 2016-17, BSE said in a statement. 

The total income rose by 11 per cent to Rs 158.38 crore in the first quarter of the current fiscal (2017-18), from Rs 142.73 crore in the year-ago period. 

The exchange has made a 'gain on sale of subsidiary' totalling Rs 461.75 crore. It has partially divested its stake in a subsidiary company, CDSLBSE 0.00 %, on June 29, 2017. 

"The divestment has resulted in a loss of control and therefore the profit on sale of the investment in the subsidiary amounting to Rs 451.18 crore has been credited to the consolidated financial results during the quarter ended June 30, 2017," BSE said 

The exchange witnessed 155 per cent growth in the average monthly number of order processed in mutual fund segment to 9.2 lakh orders during the period under review from 3.6 Lakh in the first quarter of the preceding fiscal. 

Further, average daily turnover in India International Exchange, BSE's subsidiary at GIFT City, for July stood at USD 57 million, growing at monthly compounded growth rate of 96 per cent since commencement of operations in January. 

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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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Nifty50 can scale Mt 1,00,000! Market veterans wager on time

It sounded absurd way back in 2001. The Nifty50 was ruling at sub-1,000 level right after the dotcom bubble burst. Who would have thought it would jump 10 times to hit 10,000 mark in next 16 years? 

But what about the next 10-times rise, to 1,00,000 mark? Will it take 15 years? 20 years? Or more? 

Analysts believe even if India Inc’s earnings grow in lower teens from here on, the index can climb the six-digit mark in just about 15 years. 

Historically, Nifty50’s earnings growth has been in the 15-17 per cent range. 

“Going forward, it will be a function of inflation and real GDP growth. Even if we see an early teens kind of compounding, that is something very much doable, we should grow another 10 times to reach the 1,00,000 mark on the Nifty50 over the next 15 to 20 years. That is something to look forward to for long-term investors,” said Gautam Sinha Roy, Fund Manager at Motilal Oswal Mutual Fund. 

What kind of wealth creation happens for investors in such a run will depend entirely on how much alpha fund managers can add. “Nifty hitting 10,000 is indeed a very momentous event, although it is more of psychological than anything else,” said Sinha Roy. 

For Porinju Veliyath, MD, Equity Intelligence India, the 10,000 mark is just a number. What he is interested in is the next 5-10 years. 

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Gold rises to Rs 29,050 on global cues

Gold prices shot up by Rs 190 to Rs 29,050 per ten gram at the bullion market today on firm cues from global markets and increased buying by local jewelers. 

Silver also regained the Rs 38,000-mark on increased off-take by industrial units and coin makers. 

Market men said a firm trend overseas and increased buying by local jewelers at domestic spot markets led to the rise in gold prices. 

Globally, gold rose by 0.91 per cent to USD 1,228.40 an ounce and silver by 1.82 per cent to USD 15.96 an ounce in New York in yesterday's trade. 

In the national capital, gold of 99.9 per cent and 99.5 per cent purity gained Rs 190 each to Rs 29,050 and Rs 28,900 per ten gram respectively. It had lost Rs 190 in yesterday's trade. 

Sovereign, however, remained flat at Rs 24,400 per piece of eight gram in scattered deals. 

Tracking gold, silver ready went up by a whopping Rs 600 to Rs 38,000 per kg and weekly-based delivery by Rs 625 to Rs 37,000 per kg. 

Silver coins too spurted by Rs 1,000 to Rs 70,000 for buying and Rs 71,000 for selling of 100 pieces. 

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आज का बाजारः कैसी रहेगी चाल, किस शेयर में मुनाफे की गारंटी

आज का बाजार इंफोसिस का नतीजों पर नजर रखेगा। कल आए टीसीएस के नतीजों में मार्जिन के मोर्चे पर काफी निराशा हुई है। इस स्थिति में अगर आज इंफोसिस के नतीजे अच्छे रहते हैं तो बाजार के सेंटीमेंट में सुधार आएगा। अगर ग्लोबल बाजार साथ देता है तो आज बाजार में और मुनाफा मिलेगा लेकिन 9950-9940 के स्तर पर थोड़ा-बहुत मुनाफा वसूली देखने को मिल सकती है। आज निफ्टी में ऊपरी स्तरों पर थोड़ा बहुत वसूली देखने को मिल सकती है। लेकिन निफ्टी जब तक 9000 का स्तर होल्ड करता है गिरावट पर खरीदारी की सलाह होगी।

शानदार कमाई की वैल्यू पिक - 

डीएचएफएल: खरीदें, 12 महीने का लक्ष्य 510 रुपये

दीवान हाउसिंग यानि डीएचएफएल भारत की चौथी सबसे बड़ी हाउसिंग फाइनेंस कंपनी है। कंपनी का फोकस छोटे शहरों और छोटे लोन पर है। साल 2012-16 के बीच कंपनी की लोन ग्रोथ 35 फीसदी के आसपास रही है। कंपनी 72 फीसदी लोन आम लोगों को देती है। कंपनी के नतीजे भी काफी अच्छे रहे हैं। 12 महीने की अवधि में डीएचएफएल में 510 रुपये का स्तर आसानी से देखने को मिल सकता है।

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