Jet Airways के फाउंडर नरेश गोयल से पूछताछ कर सकता है ED

Jet Airways। इस बात के पूरे आसार हैं कि एनफोर्समेंट डायरेक्टोरेट Jet Airways के फाउंडर नरेश गोयल को नोटिस भेज सकता है। इकोनॉमिक टाइम्स के मुताबिक, इस मामले की जानकारी रखने वाले लोगों ने बताया कि Jet Airways में स्टेक सेल के दौरान कथित तौर पर की गई गड़बड़ियों को लेकर नरेश गोयल से पूछताछ किया जाएगा।

इसके साथ ही ED 650 करोड़ रुपए की टैक्स चोरी की भी जांच कर रहा है। एजेंसी यह पता लगाने की कोशिश कर रही है कि Jet Airways ने फॉरेन एक्सचेंज मैनेजमेंट एक्ट (FEMA) का उल्लंघन तो नहीं किया है। 

Jet Airways ने 2012 में पूर्ण स्वामित्व वाली जेट प्रिविलेज प्राइवेट लिमिटेड (JPPL) शुरू की थी। इस कंपनी में एतिहाद के 50.1 फीसदी हिस्सेदारी लेने के बाद इसे स्वतंत्र इकाई बना दिया गया। कंपनी में बाकी की 49.9 फीसदी हिस्सेदारी नरेश गोयल के पास थी। 2013 में एतिहाद ने Jet Airways में 24 फीसदी हिस्सेदारी खरीदी। ED ने पहले भी Jet Airways से कई बार JPPL में 15 करोड़ डॉलर में स्टेक सेल से जुड़े सवाल किए थे। लेकिन इस साल मई में ED के सीनियर अधिकारियों ने इस मामले विस्तृत तौर पर पूछताछ की।   

Jet Airways के शेयर 18 जून को गिरकर अपने ऑल टाइम लो पर पहुंच गए। इसके एक दिन पहले लेंडर्स ने कंपनी को बैंकरप्सी कोर्ट NCLT में ले जाने का फैसला किया था। Jet Airways की आखिरी उड़ान 17 अप्रैल को थी। तमाम कोशिशों के बावजूद कंपनी में हिस्सेदारी खरीदने को लेकर कोई पुख्ता प्रस्ताव नहीं आया था।

ED अब यह पता लगाने की कोशिश कर रहा है कि एतिहाद ने कंपनी में हिस्सेदारी खरीदने से पहले FIPB से सभी जरूरी मंजूरी हासिल किए थे या नहीं।

इस मामले की जानकारी रखने वाले एक शख्स ने बताया कि शुरुआती जांच से ऐसे संकेत मिल रहे हैं कि कंपनी ने FDI नियमों का उल्लंघन किया है। Jet Airways ने इसके लिए -एयर ट्रांसपोर्ट सर्विस फर्म- टर्म का इस्तेमाल किया है।

If you want to know more about our services, please visit Free Stock Tips

Jet Airways के शेयरों में 15% की गिरावट, जानिए क्या कहा है PMO ने?

Jet Airways के शेयरों में लगातार आठवें दिन गिरावट आई है। PMO कर्ज में डूबी एयरलाइन कंपनी की समीक्षा करवाना चाहता है। इस खबर के बाद सोमवार को मार्केट खुलने पर Jet Airways के शेयरों में 14.9 फीसदी की गिरावट आई। 9.35 पर Jet Airways के शेयर 14.9 फीसदी टूटकर 69.75 रुपए पर ट्रेड कर रहे थे।

सूत्रों के मुताबिक, PMO ने रेवेन्यू डिपार्टमेंट को बकाया टैक्स का आंकलन लेने को कहा है। साथ ही पीएम को प्रमुख सचिव नृपेंद्र मिश्रा ने कॉरपोरेट अफेयर्स मिनिस्ट्री से 14 जून को मुलाकात की और NCLT में इस केस पर नजर रखने का निर्देश दिया है।

जेट के शेयरों मे पिछले एक महीने में 42 फीसदी, 2019 में 74 फीसदी और पिछले एक साल में 81 फीसदी की गिरावट देखी गई है। BSE सेंसेक्स में आज सुबह जेट के शेयर 14.9 फीसदी की गिरावट के साथ कीमत 69.75 पर आ गई है। वहीं एनएसई में 28 जून से ट्रेडिंग बंद होने की वजह से पिछले हफ्ते 35 फीसदी की गिरावट दर्ज हुई। नकदी की किल्लत से जेट का ऑपरेशन अप्रैल से बंद है। लेंडर्स जेट के रिवाइवल पर काम कर रहे हैं।

If you want to know more about our services, please visit Free Stock Tips

छोटे कर्मचारियों को अब ज्यादा मिलेगी सैलरी!

15 हजार के कम कमाने वाले नौकरी-पेशा लोगों को सरकार ने बड़ी राहत दी है। सरकार ने कर्मचारी राज्य बीमा निगम यानी ESIC के तहत योगदान में कटौती कर दी है। इस फैसले से कर्मचारियों के हाथ में ज्यादा सैलरी आएगी और करीब तीन करोड़ 60 लाख कर्मचारियों को इसका फायदा होगा। ESI में कटौती के बाद अब कर्मचारियों का योगदान सिर्फ 0.75 फीसदी रह गया है जबकि नियोक्ता का योगदान 4 फीसदी रह गया है जो पहले 6.5 फीसदी था। फैसले से इंडस्ट्री को सालान करीब 500 करोड़ की बचत भी होगी। नया नियम 1 जुलाई से लागू होगा।

If you want to know more about our services, please visit Free Stock Tips

As stocks dwindle, downside in castor seed seems limited: Anand Rathi

After falling consistently since the beginning of the month, prices of most agricultural commodities rebounded on June 11. Despite a delay in the onset of the south-west monsoon, markets are optimistic that kharif sowing would begin on time.

The private weather agency, Skymet, reports that, for the first 10 days of the month, the cumulative deficiency has risen to 46 percent, taking into account region-wise pre-monsoon deficiencies for that period.

Northwest India is 40 percent short, while the deficiency in one of the rainiest regions, Central India, is the most, at 66 percent. Thus, responding to the weak monsoon progress, prices of kharif and rabi commodities rose significantly from a one-month low.

In soybean, however, only a thin recovery was seen. With the onset of the monsoon, soybean prices generally decline and the fall continues as long as the monsoon advance over the land mass and rainfall distribution is favourable.

In fact, any price rise arising from the present weak monsoon phase would be short-lived, and pressure on prices might again pile up once rainfall increases. Most weather models suggest a more normal monsoon from July. Thus, subsequent spells of rain would raise prospects of a good yield.

Cotton acreage may be slightly lower this season, particularly in Maharashtra, where farmers might prefer soybean to the fibre crop. But, expectations of good rainfall in the later months are upbeat. Accordingly, we don't see any major movement either side in cotton prices.

For prices of rabi commodities, the sentiment is mostly positive as physical supplies have started dwindling. In fact, a rally is due in most rabi commodities, including mustard, chana, coriander and jeera. Supplies of chana and coriander may be squeezed due to lower output in the current season, while jeera would be firm due to robust exports for the second year in a row. A bumper mustard crop has been seen this season, and crushing is on in full swing amid hopes of meal exports. Thus, despite greater output, prices of mustard are likely to be firm.

The market is quite optimistic about castor sowing in the forthcoming season,i.e., 2019-20. But, castor oil exports have hit current season' stocks. The new crop would be available only after six months. Thus, any downside in castor seed seems to be restricted while there are good prospects of an upside.

If you want to know more about our services, please visit Commodity Market Tips

जेट के शेयरों में 23% की गिरावट, 28 जून से NSE सस्पेंड करेगा ट्रेडिंग

Jet Airways। जेट एयरवेज की रिकवरी की उम्मीद जैसे-जैसे खत्म हो रही है इसके शेयरों में गिरावट बढ़ती जा रही है। गुरुवार को बाजार खुलने के बाद  Jet Airways के शेयरों में 23 फीसदी की गिरावट आई है। कंपनी के शेयर अब 86.55 रुपए पर ट्रेड कर रहे हैं.

NSE ने बताया कि Jet Airways की ट्रेडिंग 28 जून से बंद हो जाएगी। माना जा रहा है कि Jet Airways के बारे में फैली अफवाहों की वजह से Jet Airways के शेयरों में गिरावट आई है।

सुबह 9:30 बजे BSE सेंसेक्स में जेट के शेयरों में 12.7 फीसदी की गिरावट के साथ 95.90 रुपये पर इसका भाव आ गया। वहीं इसके मुकाबले निफ्टी 50 में 22.35 अंकों की गिरावट के साथ 11,883.85 पर था। पिछले हफ्ते स्टॉक में 21 फीसदी गिरा है। जबकि इस साल 64 फीसदी की गिरावट देखी गई।

स्टॉक एक्सचेंज का कहना है कि जेट के शेयरों को ट्रेड फॉर टेंड सेगमेंट में 28 जून से मूव कर दिया जाएगा। इसके तहत आप डिलिवरी ले सकते हैं। लेकिल सेल या बॉय नहीं कर सकते है। कुल मिलकार इंट्रा डे ट्रेड नहीं कर सकते हैं। उधर एनएसई का कहना है कि जेट एयरवेज ने अभी तक अपने नतीजे नहीं दिए हैं।

If you want to know more about our services, please visit Free Stock Tips

Jet Airways nosedives 14% after bourses mull trading restrictions

Shares of Jet Airways plunged more than 14 percent intraday on June 13 after stock exchanges decided to impose trading restrictions on the beleaguered airline.

According to a circular issued by NSE, the decision was taken as a part of preventive surveillance measures to curb excessive volatility.

The decision has been taken jointly by the exchanges and would be effective from 28 June, it said.

The stock exchange notified that the shares of the airline will be shifted from "Rolling Segment to Trade for Trade Segment, wherein the settlement in the scrip will take place on gross basis with 100 percent upfront margin and 5 percent price band".

Jet Airways suspended all its operations in April. The lenders are now working on ways to revive the cash-starved carrier.

At 0947 hrs, Jet Airways was quoting Rs 94.80, down 14.13 percent on the BSE.

If you want to know more about our services, please visit Free Stock Tips

JetAirways: एयरलाइन में घोटाला, जानिए आगे क्या होगा?

JetAirways। कुछ महीने पहले तक माना जा रहा था कि नरेश गोयल किसी भी सूरत में अपनी कंपनी को दोबारा शुरू करना चाहते हैं। लेकिन अब उनकी नीयत पर मिनिस्ट्री ऑफ कॉरपोरेट अफेयर्स (MCA) को शक है। MCA ने जेट एयरवेज के फाउंडर नरेश गोयल और उनकी पत्नी अनिता गोयल के खिलाफ लुकआउट नोटिस जारी किया है। सूत्रों ने बताया कि जेट एयरवेज में घोटाला हुआ है।

सूत्रों ने CNBC-TV18 को बताया कि MCA और सीरियस फ्रॉड इनवेस्टिगेशन ऑफिस (SFIO) ने लुकआउट नोटिस जारी किया था. इसके बाद ही उन्हें मुंबई एयरपोर्ट पर हिरासत में ले लिया गया था।

क्या है पूरा मामला?

25 मई, शनिवार को नरेश गोयल और उनकी पत्नी अनिता गोयल को मुंबई एयरपोर्ट पर हिरासत में ले लिया गया था। दोनों पति-पत्नी एमिरेट्स फ्लाइट EK 507 से दुबई जा रहे थे। दोनों को मुंबई एयरपोर्ट पर हिरासत में ले लिया गया था। हालांकि रविवार को उनके सभी दस्तावेज चेक करने के बाद छोड़ दिया गया। माना जा रहा था कि वो दुबई होते हुए लंदन जाने की तैयारी में थे।   

If you want to know more about our services, please visit Free Stock Tips

Cipla gains 2% on zero observations for Indore facility

Share price of Cipla gained 2.5 percent in the early trade on Monday after USFDA issued zero observations for its Indore facility.

United States Food and Drug Administration (USFDA) conducted a post-approval inspection at company's Indore facility from May 13 to May 17, 2019 and the said inspection ended with zero observations.

At 09:42 hrs Cipla was quoting at Rs 555.10, up Rs 11.15, or 2.05 percent on the BSE.

The share touched its 52-week high Rs 678 and 52-week low Rs 483.75 on 19 September, 2018 and 29 January, 2019, respectively.

If you want to know more about our services, please visit Share Market Tips

Welspun Enterprises rises 10% on provisional completion certificate

Shares of Welspun Enterprises rose 10 percent intraday Monday after it received provisional completion certificate for commencing commercial operation of the Dewas Industrial Water Supply Project w.e.f. April 30, 2019.

The project has been completed ahead of the scheduled completion date.

The trading window for dealing in the securities of the company by the designated persons/ insiders was closed till May 19, 2019.

At 09:55 hrs Welspun Enterprises was quoting at Rs 114.55, up Rs 6.80, or 6.31 percent on the BSE.

If you want to know more about our services, please visit Share Market Tips

Bajaj Auto Q4 profit likely to decline 5% YoY to Rs 1,048cr; EBITDA margin to take a hit

Bajaj Auto is scheduled to announce its fourth quarter earnings on May 17. Research and broking firm Sharekhan expects the auto major to report a net profit of Rs 1,017.1 crore, down 5.8 percent year-on-year and 7.7 percent quarter-on-quarter. Net sales are expected to increase 5.5 percent YoY (down 3.6 percent QoQ) to Rs 7,142.6 crore.

Earnings before interest, tax, depreciation and amortisation (EBITDA) is likely to fall 416.7 percent YoY (down 35.2 percent QoQ) to Rs 15.3 crore.

Prabhudas Lilladher pegs net profit at Rs 1,048.4 crore, down 2.9 percent YoY and 4.9 percent QoQ. It sees net sales rising 10.3 percent YoY and 0.8 percent QoQ to Rs 7,468.8 crore, but EBITDA falling 8.6 percent YoY (up 4 percent QoQ) to Rs 1,201.9 crore.

Narnolia Financial Advisors expects six percent revenue growth, largely driven by 14 percent volume growth in Q4. It sees realisation declining eight percent because of higher sales of entry-level motorcycles in domestic and export markets. Net profit is seen down 13 percent QoQ at Rs 1,024 crore.

Margin is expected to improve 20 bps QoQ to 15.8 percent, led by reduction in commodity prices. Higher sales of Platina will also lead to EBITDA break-even in the entry segment. Two-wheeler inventory across the industry is as high as 80 days, but the same for Bajaj Auto stands at 45 days.

Domestic three-wheeler volumes (contributes 53 percent of 3W volumes) are expected to grow five percent YoY due to higher base and increasing e-rickshaw penetration in FY20. However, volumes may remain close to one lakh units going forward.

The company expects 10-12 percent growth in exports to emerging markets, which will be mainly driven by African market. The same to ASEAN and Middle East will show average growth, while Latin America will continue to stagnate.

Kotak Institutional Equities expects net sales to rise 8.6 percent YoY (but fall marginally by 0.7 percent QoQ) to Rs 73,550 crore. Volumes increased 14 percent, led by 22 percent and nine percent growth in domestic and export bike volumes, respectively.

The research firm expects revenue to rise nine percent YoY as average selling price will decline around five percent due to an inferior product mix.

It sees EBITDA margin declining 350 bps YoY basis (over 30 bps QoQ) largely due to an inferior product mix, higher commodity cost and increase in discounting in the economy motorcycle segment.

Key things to watch out for:

Market share in entry segment (the management targets to achieve 45 percent as against 33 percent at present) and launch status of electric two-wheeler Urbanite.

If you want to know more about our services, please visit Share Market Tips

Lupin falls after Q4 results, USFDA observations; CLSA maintains sell call

Shares of Lupin fell for the second consecutive day in a row on Thursday after the pharma major posted a consolidated profit after tax of Rs 296 crore, which fell short of analyst estimates. The results compared to a Rs 777 crore loss seen in the year-ago period.

In a separate report, the drugmaker said it has received three observations from the US health regulator for its Aurangabad-based manufacturing facility.

The US Food and Drug Administration (USFDA) carried out the inspection at the plant from May 6 to May 15, Lupin said.

CLSA maintained its sell rating on Lupin after the announcement of March quarter results, slashing its target price further to Rs 700 from Rs 730 earlier.

The note said turnaround is some time away for Lupin and contingent on timely US approvals. "The Q4 results were below estimates due to lower-than-expected USA revenue."

US sales were up 23 percent on a QoQ basis, led by Ranexa launch. USFDA compliance issues could be resolved more towards H2FY20.

The turnaround in operations is still some time away. CLSA slashed its FY20-21 EPS estimates by 6-14 percent on higher tax rate guidance.

If you want to know more about our services, please visit Share Market Tips

Hindalco to post Q4 earnings today; here's what brokerages expect

Brokerages are expecting a decline in profit for Hindalco Industries, which is scheduled to post its March quarter earnings on May 16.

ICICIdirect expects Hindalco to report net profit at Rs 593.8 crore, down 3.6 percent year-on-year (-16.7 percent QoQ). Net Sales are expected to decrease 3.9 percent YoY (-6 percent QoQ) to Rs 11,225.6 crore.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise 4.4 percent YoY (-3 percent QoQ) to Rs 1,664.7 crore.

Prabhudas Lilladher is of the view that Hindalco Industries is likely to report net profit at Rs 208.4 crore, down 44.7 percent YoY. Net Sales are expected to increase 0.9 percent YoY (-1.3 percent QoQ) to Rs 11,785.2 crore while EBITDA is likely to fall 25 percent YoY (up 1.6 percent Q-o-Q) to Rs. 943.1 crore, it said in a note.

Narnolia Financial Advisors models a 31 percent decline in profit to Rs 261 crore. Standalone (ex-Utkal) revenue is expected at Rs 11,470 crore. The expected YoY fall is due to fall in LME aluminium and LME copper, plus a lower copper volume.

It expects aluminium volume from the company at 325kt as operations run at full capacity while volume is expected to come in at 105kt (down 3 percent YoY, up 6 percent QoQ).

Narnolia projects standalone (ex-Utkal) EBITDA at Rs 951 crore (down 24 percent YoY, up 2 percent QoQ). It said YoY fall is due to higher other expenses, power and fuel cost.

It expects FY19 capex at Rs 1,300 crore. FY20 capex is expected to be higher than FY19 as a major portion of Utkal expansion would come in FY20.

On the other hand, Novelis is expected to deliver 811kt (flat YoY and up 1 percent QoQ) while EBITDA is expected at $276 million (down 12 percent YoY and 3 percent QoQ) due to lower LME aluminium.

Kotak Institutional Equities expects EBITDA (including Utkal Alumina) to decline 16 percent QoQ to Rs 1,430 crore (-11 percent YoY) due to lower LME aluminium prices. Net sales are expected to rise 6.1 percent QoQ to Rs 11,207.5 crore.

Kotak estimates aluminium EBITDA (including Utkal) to decline 21 percent QoQ to Rs 1,010 crore (-20 percent YoY).

If you want to know more about our services, please visit Share Market Tips

Monsoon to be delayed by five days; to hit Kerala on June 6

The monsoon will hit the Kerala coast on June 6, five days after its normal onset date, the India Meteorological Department (IMD) said on Wednesday.

"This year, the statistical model forecast suggests that the monsoon onset over Kerala is likely to be slightly delayed. The southwest monsoon onset is likely to set over Kerala on 6th June with a model error of plus or minus 4 days," the IMD said.

The normal onset date for monsoon over Kerala is June 1, which also marks the start of the four-month rainfall season.

"Conditions are becoming favourable for advance of southwest monsoon over the southern part of Andaman Sea, Nicobar Islands and adjoining southeast Bay of Bengal during May 18-19," the IMD said.

On Tuesday, private weather agency Skymet said the monsoon would hit the Kerala coast on June 4, with an error margin of two days.

If you want to know more about our services, please visit Share Market Tips

Nestle Q1 in line with estimates: Should investors buy, sell or hold?

Brokerage firms remain mixed on Nestle India after the FMCG major reported a 9.25 percent rise in profit to Rs 463.28 crore for the first quarter ended on March 31, 2019, but high commodity prices impacted margins.

The company, which follows a January-December financial year, had posted a profit of Rs 424.03 crore in the same period a year ago.

Nestle also announced plans to launch organic food products in the category “milk products and nutrition” in the coming months.

The total income in the quarter stood at Rs 3,076.14 crore. It was Rs 2,813.6 crore in the corresponding period last year, Nestle India said in a BSE filing. Export sales during the quarter dropped by 8.9 percent due to lower coffee exports to Turkey, it added.

Here’s what brokerages recommended on Nestle India post-March quarter results:

Morgan Stanley: Underweight| Target: Rs 8,400

Morgan Stanley maintained its underweight rating on Nestle India post-March quarter results with a target price of Rs 8,400.

Revenue, Operating Profit and Adjusted PAT were up 9 percent, 5 percent and 9 percent respectively compared to estimates of 12 percent, 9 percent, and 12 percent.

Margin contracted by 80 bps which was largely in-line with the estimate. Higher commodity prices affected gross margin, and higher other income drove adjusted the profit growth by 9 percent on a YoY basis.

Jefferies: Buy| Target: Rs 12,000

Jefferies maintained its buy rating on Nestle India post-March quarter results with a target price of Rs 12,000. The product launch and entry into new categories will help sustain growth, said the note.

The urban-heavy company is better-placed to navigate near-term headwinds. The recent stock price correction makes it risk-reward favourable for investors.

CLSA: Outperform| Target Rs 11,750

CLSA maintained its outperform rating on Nestle India with a target price of Rs 11,750. The company reported a decent domestic growth but weak margins. The domestic revenue growth of 10 percent was good amid weak macro.

The gross margin stood at a six-quarter low signalling input cost pressure. And, a weaker margin led EBITDA to miss estimates.

If you want to know more about our services, please visit Share Market Tips

Top buy and sell ideas by Sudarshan Sukhani, Mitessh Thakkar, Prakash Gaba for short term

Benchmark indices fell for the ninth consecutive session for the first time in eight years. Nifty broke 11,150 level while Senses ended below its 100-DMA.

At close, Sensex was down 372.17 points at 37,090.82, while Nifty was down 130.70 points at 11,148.20. About 639 shares advanced, 1,826 shares declined, and 157 shares were unchanged.

Eicher Motors, Zee Entertainment, Sun Pharma, Indiabulls Housing and Yes Bank were among major losers on the Nifty, while Titan Company, Bharti Infratel, Tech Mahindra, HDFC and HUL were among gainers.

On the sectoral front, major selling was seen in PSU Banks and Pharma as both the indices closed with 4 percent cut, followed by metal, auto, energy and infra.

According to the Pivot charts, the key support level is placed at 11,082.47, followed by 11,016.73. If the index starts moving upward, key resistance levels to watch out are 11,257.07 and 11,365.93.

The Nifty Bank index closed at 28,659.95, down 380.55 points on May 13. The important Pivot level, which will act as crucial support for the index, is placed at 28,504.3, followed by 28,348.7. On the upside, key resistance levels are placed at 28,932.3, followed by 29,204.7.

In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:

Sudarshan Sukhani of s2analytics.com

Buy Mindtree with stop loss at Rs 973 and target of Rs 988

Buy Power Grid with stop loss at Rs 178.5 and target of Rs 186

Sell Motherson Sumi Systems with stop loss at Rs 123 and target of Rs 119

Sell Bharat Forge with stop loss at Rs 455 and target of Rs 446

Sell Bank of India with stop loss at Rs 81.2 and target of Rs 78.5

Mitessh Thakkar of mitesshthakkar.com

Sell Larsen & Toubro with a stop loss of Rs 1336 and target of Rs 1280

Sell Tata Elxsi with a stop loss of Rs 860 and target of Rs 820

Buy Reliance Industries around Rs 1225 with stop loss of Rs 1211 and target of Rs 1250

Buy ITC around Rs 286 with stop loss of Rs 282 and target of Rs 295

Prakash Gaba of prakashgaba.com

Sell Cent Textiles with target at Rs 870 and stop loss at Rs 907

Sell Dish TV with target at Rs 29 and stop loss at Rs 33

Sell Reliance Capital with target at Rs 100 and stop loss at Rs 112

Sell Zee Entertainment with target at Rs 320 and stop loss at Rs 363

If you want to know more about our services, please visit Share Market Tips

IDFC First Bank plunges 8% on Q4 loss of Rs 218 crore

IDFC First Bank plunged over 8 percent in the morning trade on May 13 after the bank reported a loss of Rs 218.03 crore for the quarter ended March 2019 against a profit of Rs 41.93 crore in the corresponding period of the last fiscal on account of higher provisioning.

Reacting to the news, shares of IDFC First Bank slipped over 8 percent in morning trade.

For FY19, it reported a loss of Rs 1,944.17 crore as against a profit of Rs 859.3 crore during 2017-18, the bank said in a stock exchange filing.

The bank's gross NPAs stood at 2.43 percent of the gross advances during the January-March quarter of 2018-19, down from 3.31 percent in the corresponding period of the last fiscal.

The bank made a provision of Rs 698.2 crore in the fourth quarter of 2018-19, up from Rs 242.45 crore in the corresponding year-ago period.

Its total income stood at Rs 3,944.99 in the quarter ended March 2019 as against Rs 2,374.34 crore earlier.

If you want to know more about our services, please visit Share Market Tips

HDFC to announce Q4 result today; here's what you should watch out for

Housing finance company HDFC is scheduled to announce with its March quarter earnings on May 13.

Research and broking firm Motilal Oswal expects HDFC to report a net profit of Rs 2,374 crore. Net Sales are expected at Rs 2,900.3 crore, the report added.

The numbers are not comparable on a YoY basis as the company will be giving out results with a different accountancy standard (IndAS).

Earnings before interest, tax, depreciation and amortisation (EBITDA) is likely to fall by 14.7 percent Y-o-Y (down 9.1 percent Q-o-Q) to Rs 2,595.3 crore.

According to a CNBC-TV18 Poll, net interest income is seen at Rs 3,079.3 crore against Rs 3,001.8 crore in the corresponding quarter of the previous year. On the other hand, net profit is seen at Rs 2,576.2 crore against Rs 2,846.2 crore.

Emkay Global Financial Services expects HDFC’s loan growth to remain healthy at ~17 percent backed by increasing market share in individual loans. The trend in sanctions in the affordable housing segment will continue to be crucial for future growth trends.

Asset quality is likely to remain stable but management commentary on developer portfolio will be a key monitorable, it added.

Research firm Narnolia is of the view that NII is expected to grow at 9 percent QoQ in 4QFY19 driven by margin expansion. AUM growth is expected to still remain under pressure with 16 percent in 4QFY19 driven by individual segment.

NIM is expected to expand in 4QFY19, driven by fall in marginal cost of borrowing by 20-30 bps while Management has altogether taken 70 bps hike in PLR from April which will help in margin expansion. Other Income is expected to decline as dividend income from HDFCAMC has declined to Rs 12 dividend per share against Rs 16 last year, the research firm added.

Key things to watch:

Stability in NIM will be positive

AUM growth could come down to 14-15 percent

GNPA below 1.25 percent will be positive for the company

If you want to know more about our services, please visit Share Market Tips

Brokerages positive on Shriram Transport post Q4, but cut target price

Shriram Transport Finance shares fell 3.5 percent intraday on May 9 after March quarter earnings but recouped some losses as brokerages remained positive on attractive valuations, though they slashed price target.

The stock was quoting at Rs 1,017.15, down Rs 10.75, or 1.05 percent on the BSE, at 1015 hours IST.

Profit during the quarter ended March 2019 declined sharply to Rs 746.04 crore against Rs 961.76 crore recorded in the same period last year.

Net interest income, the difference between interest earned and interest expended, increased to Rs 1,905.86 crore from Rs 1,854.63 crore YoY.

Total assets under management as of March 2019 stood at Rs 1,04,482.29 crore, a growth of 8.5 percent compared to Rs 96,260.61 crore as on March 2018.

Shriram Transport Finance Company, the flagship company of the Shriram group, has a significant presence in consumer finance, life insurance, general insurance, stock broking and distribution businesses.

Here are what brokerage think of the stock:

Brokerage: Morgan Stanley | Rating: Overweight | Target: Rs 1,350 | Return: 31 percent

We stay overweight on Shriram Transport given attractive valuation and strong positioning, but slash price target to Rs 1,350 from Rs 1,515 earlier as AUM growth and NIM were weaker than we expected.

We cut revenue and EPS estimates, driven by lower AUM and NIM.

Brokerage: Macquarie | Rating: Outperform | Target: Rs 1,265 | Return: 23 percent

We have outperform rating on the stock but slashed price target to Rs 1,265 from Rs 1,320 as operating performance was weak due to slow in lending operations.

NPL reduction was modest against peers in a seasonally strong quarter, and NIM will remain flat from Q4 exit NIM of 7.2 percent throughout FY20.

Overhang from the proposed merger of Shriram Group entities remains.

Brokerage: Jefferies | Rating: Buy | Target: Rs 1,200 | Return: 17 percent

Loan growth disappointed during the quarter ended March 2019, though asset quality improved.

We see headwinds from weak commercial vehicle trends. Used commercial vehicle segment should be relatively resilient.

Lending rate hike transmission should support NIMs and prospects of potential merger may remain an overhang in the near term.

We have a buy rating on the stock but slashed price target to Rs 1,200 from Rs 1,240 earlier.

Brokerage: Deutsche Bank | Rating: Buy | Target: Rs 1,400 | Return: 36 percent

AUM growth was weak during the quarter, and high balance sheet liquidity impacted NIMs. NIM will remain soft given the current liquidity environment.

Management guided for 20 percent AUM growth which we believe is ambitious.

Valuation at 1.1x FY21e P/BV for 17 percent return on equity looks attractive, hence we retain buy call on the stock but slash price target to Rs 1,400 from Rs 1,530 earlier.

If you want to know more about our services, please visit Free Stock Tips

HCL Tech Q4 profit may decline but revenue growth could beat peers

HCL Technologies is likely to deliver fall in profit in Q4 but its revenue growth could be higher than peers. The company will announce results on May 9.

Brokerages expect profit to decline marginally compared to the previous quarter, partly impacted by tepid operating income growth.

Prabhudas Lilladher expects net profit to fall 2.9 percent sequentially to Rs 2,536.4 crore while Motilal Oswal sees 1.2 percent decline QoQ.

But revenue growth is likely to be higher than its closest peers TCS, Infosys, Wipro and Tech Mahindra.

Brokerages expect dollar revenue growth in the range of 2.7 percent to 3.3 percent compared to the previous quarter as deal momentum has been extremely strong with announcements of several large and mega deals.

"We expect HCL's revenue to grow at 3.3 percent QoQ in USD terms and 3 percent QoQ in constant currency, mainly due to continued traction in IMS backed by its double-digit sequential growth in Q3FY19," Motilal Oswal said.

According to Edelweiss, revenue is likely to grow 3.1 percent in USD and 2.9 percent in constant currency terms on account of strength in Mode-3 business and continued recovery in the IMS business.

"We believe that HCL Tech should guide for revenue growth upwards of 15 percent YoY CC due to contributions from: (1) improved organic growth, (2) revenues from IBM’s IP purchases (around 5.5 percent), (3) recent mega deal with Xerox (around 2 percent), and (4) residual impact from acquisition integration in FY19 (around 0.5-1 percent)," Motilal Oswal said.

On guidance, Kotak expects the company to guide for 14-16 percent revenue growth which includes an inorganic component of 5.4 percent revenues from the IBM products buyout.

It expects HCL to guide to 8.5-10.5 percent revenue growth excluding IBM products but including other inorganic components.

Brokerages say EBIT margin may contract sequentially due to rupee appreciation but could be within the guidance given by management.

"Operating margin is likely to be 19.7 percent, in line with management guidance of 19.5–20.5 percent. INR appreciaition, partially offset by operational efficiencies, should erode EBITDA margin by 10bps," Edelweiss said.

Kotak also expects EBIT margin to decline 10 bps due to rupee appreciation and elevated investments in the business

Key things to watch out for would be:

1) Overall guidance for FY20, organic and inorganic contribution

2) Mode 1: Demand for IMS services and growth in BFSI vertical

3) Mode 3: Plan to launch more HCL branded products and ability to sell them in the market

4) Capital allocation in light of aggressive product acquisitions5) Deflationary impact from renewal of legacy IMS deals

If you want to know more about our services, please visit Free Stock Tips

Stay with largecaps in the short term: HDFC Securities

Nifty has been trading in the narrow range of 11,564-11,787 on closing basis for last one month. The Nifty has been taking support around 11,550 and the same should be kept as a stop loss in long positions.

Any close above 11800 would result in a breakout from the consolidation and in that case, we can expect Nifty to rally towards 12,000 and 12,430.

The Nifty has recently violated 20-day EMA support of 11,637. And, now a close below 11,550, which has been the lower level of the recent consolidation in Nifty, would be considered bearish trend reversal for the short-term.

Nifty is placed above medium to long-term moving averages of 20, 50, 100 and 200 days. The gap between 50-DMA and 200-DMA has been widening gradually, which indicates that bullish momentum is intact for medium to long term.

Oscillators are showing weakness in the trend but unless price support is broken, short term trend would be considered bullish in Nifty. To conclude, Nifty is holding positional up trend but fallen into the short term consolidation.

A close above 11,800 would result in a breakout and dive below 11,550 would result in a bearish trend reversal. The Midcap and Smallcap stocks are going weak and therefore it would be advisable to stick to the largecaps with strict stop losses, as far as short-term trading in concerned.

Here are three stocks that could give 7-11 percent return in the next month:

UltraTech Cement: Buy| LTP: Rs 4519| Target Rs 5,000| Stop loss: Rs 4,200| Return: 11 percent

Recently, the stock registered a new all-time high above Rs 4,600. It formed a bullish golden crossover on the charts that indicates a long-term trend reversal.

The stock has broken out from the long consolidation which was held on for the last nine quarters. The company has also posted nice quarterly results.

Considering the technical evidence discussed above, we recommend buying the stock at CMP and average it around Rs 4,400, for the target of Rs 5,000, and keep a stop loss at Rs 4,200 on a closing basis.

ITC: Buy| LTP: Rs 307| Target: Rs 330| Stop loss: Rs 295| Return: 7.5 percent

The stock witnessed a bullish golden crossover on the charts, where 50-DMA surpassed 200-DMA on the upside, indicating a long-term bullish trend reversal.

From the FMCG space, ITC looks the strongest stock for the short-term. The stock price has surpassed the crucial resistance level of Rs 300 after a long time.

Considering the technical evidence discussed above, we recommend buying the stock at CMP and average it at 300, for the target of Rs 330, and keep a closing stop loss at Rs 295.

ONGC: Buy| LTP: Rs 170| Target: Rs 185| Stop loss: Rs 160| Return: 9 percent

The stock price has broken out from the consolidation range of Rs 155-160. It has been sustaining above its 200-DMA. The short-term moving averages have been trading above long term moving averages.

Indicators and oscillators have been showing strength on the daily and weekly charts. Long term trend line breakout is seen on the weekly charts.

Considering the technical evidence discussed above, we recommend buying the stock between CMP and Rs 165 for the target of Rs 185 and keep a stop loss at Rs 160 on a closing basis.

If you want to know more about our services, please visit Free Stock Tips