Markets in festive mood this week

Transcription

1 Weekly Commentary Market Snap 10 th November BROKING INVESTMENT BANKING RESEARCH DISTRIBUTION DEPOSITORY Index Previous Close Open High Low Close Change Change% Sensex 35, , , , , Nifty 10, , , , , Markets in festive mood this week Indian equity benchmark ended on a positive note in the week ended 09 th November, 2018 after bulls strengthened their grip. Key indices were positive in two out of four sessions of the week. The S&P BSE Sensex gained points or 0.42% to settle at 35, in the week ended 09 th November The CNX Nifty gained points or 0.31% to settle at 10, The BSE Mid Cap index gained points or 0.37% to settle at 14, The BSE Small Cap index gained points or 1.43% to settle at 14, Benchmark indices declined marginally on Dhanteras after trading sideways on Monday, 05th November 2018; Sensex lost points or 0.17% to settle at 34,950.02; Indian Bourses ended Tuesday s 06 th November 2018day on positive note, despite mixed cues from global markets. Sensex gained points or 0.12% to settle at 34, On Wednesday, 07 th November 2018, markets was closed on account of Diwali. However, the markets opened for an hour for muhurat trading. Sensex was up 245 points at while the Nifty closed points higher On Thursday 8 th November 2018; Markets were shut due to Diwali Annkoot. Friday, 09 th November 2018 the volatile day of trade ended marginally in red. S&P BSE Sensex lost points or 0.22% to settle at 35, Metal Sector VEDL SAIL NMDC JSWSTEEL HINDALCO BHUSANSTL JINDALSTEL TATASTEEL HINDZINC The S&P Metal index ended at 12, down by points or by 1.60%.Vedanta Limited, SAIL, NMDC and JSW Steel were among the major losers in the week losing by 08%-01% Most active (by value) Rs. Cr (NSE) Name Qty Pr. Vol. PCJEWELLER DHFL JETAIRWAYS INFIBEAM BALKRISIND Most active (by Qty) Rs. Cr (NSE) Name Qty Pr. Vol. PCJEWELLER INFIBEAM RCOM JPASSOCIAT PNB Top gainers (NSE) Name Current Pr. Prev. Pr. %change INFIBEAM KMILES ITI ADFFOODS DAAWAT Top losers (NSE) Name Current Pr. Prev. Pr. %change SDBL VMART BALKRISIND VENKEYS SHALPAINTS For Private Circulation Only 1 Hem Research

2 Realty Sector IBREALEST PHOENIXLTD MAHLIFE DLF SOBHA UNITECH PRESTIGE HDIL OMAXE The S&P Realty Index ended at up by points or by 2.49%. IB Real Estate, Phoenix Limited, Mahindra lifespace Developers and DLF were among the major gainers in the week gaining 14%-02%. Health Sector STAR GLENMARK PEL SUNPHARMA AUROPHARMA DIVISLAB WOCKPHARMA BIOCON LUPIN The S&P Healthcare ended at 14, up by points or by 0.89%. STAR, Glenmark, Piramal Enterprises and Sun Pharma were among the major gainers in the week gaining 14%-04%. For Private Circulation Only 2 Hem Research

3 Corporate News: Indian Bank has reported 66.75% fall in its net profit at Rs crore for the quarter under review as compared to Rs crore for the same quarter in the previous year. However, total income of the Bank increased by 5.23% at Rs 5, crore for Q2FY19 as compared Rs 4, crore for the corresponding quarter previous year. Hindustan Aeronautics (HAL) reported over 4-fold jump in its net profit at Rs crore for the quarter under review as compared to Rs crore for the same quarter in the previous year. Total income of the company increased by 4.55% at Rs 2, crore for Q2FY19 as compared Rs 2, crore for the corresponding quarter previous year. India Cements has reported a fall of 93.96% in its net profit at Rs 1.43 crore for the quarter under review as compared to Rs crore for the same quarter in the previous year. However, total income of the company increased by 9.09% at Rs 1, crore for Q2FY19 as compared Rs 1, crore for the corresponding quarter previous year. GAIL (India) has awarded contract for the purchase of 616 km of line pipe worth Rs 1,100 crore for the Barauni - Guwahati pipeline, putting on fast track execution of the project of the 729 km feeder line linking North East India with the Pradhan Mantri Urja Ganga pipeline network. RPP Infra Projects has bagged order from Government of Jharkhand (Drinking Water & Sanitation Department) for worth of Rs 52.7 crore. Welspun Enterprises has received the Letter of Award (LoA) from PWD, Government of Maharashtra for Up-gradation of Roads/ Two Laning of Roads/ Two Laning of Roads with paved shoulder under MRIP Package on Hybrid Annuity Mode (HAM) Package number AM 2 Under Public Works Circle, Amravati in Maharashtra State. Strides Pharma Science's step-down wholly owned subsidiary -- Strides Pharma Global Pte, Singapore has entered into an exclusive product development, licensing and supply agreement with SUDA Pharmaceuticals for its novel drug SUD-001H, an oral spray of sumatriptan to treat migraine headache for the US market. Manappuram Finance has received an approval for equity infusion of up to Rs 100 crore in its wholly owned subsidiary (WOS) -- Manappuram Home Finance (MAHOFIN). The Board of Directors of the company at their meeting held on November 06, 2018, approved the same. Titan Co Ltd reported an 8.34% growth in consolidated profit while total revenue jumped significantly during the July-September quarter, led by sales growth in all key product segments. Mphasis' wholly owned subsidiary -- Mphasis Corporation has acquired Stelligent Systems, LLC a US based, DevOps, continuous integration and continuous development, service provider in Amazon Web Services (AWS), for consideration up to $25 million. For Private Circulation Only 3 Hem Research

4 HEM SECURITIES LIMITED MEMBER-BSE,CDSL, SEBI REGISTERED CATEGORY I MERCHANT BANKER Sebi Registration No For Research Analyst: INH MUMBAI OFFICE: 904, A WING, 9 FLOOR, NAMAN MIDTOWN, SENAPATI BAPAT MARG, PRABHADEVI STATION, LOWER PAREL, MUMBAI PHONE JAIPUR OFFICE:: , JAIPUR TOWERS, M I ROAD, JAIPUR PHONE GROUP COMPANIES HEM FINLEASE PRIVATE LIMITED MEMBER-NSE HEM MULTI COMMODITIES PRIVATE LIMITED MEMBER-NCDEX, MCX HEM FINANCIAL SERVICES LIMITED NBFC REGISTERED WITH RBI For Private Circulation Only 4 Hem Research

5 Disclaimer & Disclosure: This document is prepared for our clients only, on the basis of publicly available infor- mation and other sources believed to be reliable. Whilst we are not soliciting any action based on this information, all care has been taken to ensure that the facts are accurate, fair and reasonable. This information is not intended as an offer or solicitation for the purchase or sell of any financial instrument and at any point should not be considered as an investment advise. Reader is requested to rely on his own decision and may take independent professional ad- vise before investing. Hem Securities Limited, Hem Finlease Private Limited, Hem Multi Commodities Pvt. Limited, Directors and any of its employees shall not be responsible for the content. The person accessing this information specifically agrees to exempt Hem Securities Limited, Hem Finlease Private Limited, Hem Multi Commodities Pvt. Limited or any of its affiliates or employees from, any and all responsibility/liability arising from such misuse and further agrees to hold Hem Securities Limited, Hem Finlease Private Limited, Hem Multi Commodities Pvt. Limited or any of its affiliates or employees free and harmless from all losses, costs, damages, expenses that may be suffered by the person accessing this information due to any errors and delays. The companies and its affiliates, officers, directors, and employees, including persons involved in the preparation or issuance of this material may from time to time, have long or short positions in, and buy or sell the securities there of, company (ies) mentioned here in and the same have acted upon or used the information prior to, or immediately following thepublication. Analyst Certification The views expressed in this research report accurately reflect the personal views of the analyst(s) about the subject securities or issues, and no part of the compensation of the research analyst(s) was, is, or will be directly or indirect- ly related to the specific recommendations and views expressed by research analyst(s) in this report. For Private Circulation Only 5 Hem Research