Weekly ary Market Snap 12 th May 2018 BROKING INVESTMENT BANKING l RESEARCH DISTRIBUTION l DEPOSITORY Index Previous Close Open High Low Close Change Change (%) Sensex 34915.38 34983.59 35596.15 34977.74 35535.79 +620.41 +1.78% Nifty 10618.25 10653.15 10812.05 10635.65 10806.50 +188.25 +1.77% Indices shut on higher note tracking firmness in global cues. Indian equity benchmark ended on a strong note in the week ended 11 th May, 2018; on tracking firmness in global cues ahead of US President Donald Trump will meet North Korean leader Kim Jong-un in Singapore next month. Investors welcomed continued moves between the United States and North Korea to reduce tensions in the region. Key indices fell in one out of five sessions of the week. The S&P BSE Sensex up 620.41 points or 1.78% to settle at 35535.79 in the week ended 11 th May 2018. The CNX Nifty up 188.25 points or 1.77% to settle at 10806.50.The BSE Mid Cap index lost 217.02 points or 1.31% to settle at 16343.99.The BSE Small Cap Index lost 173.36 points or 0.96% to settle at 17818.09. Both the indices have underperformed the Sensex in percentage terms. Trading for the week started on positive note. Key indices settled with heavy gains on Monday, 07 May 2018; Sensex up 292.76 points or 0.84% to settle at 35,208.14. Key indices registered tiny gains on Tuesday, 08 May 2018, during volatile session; Sensex rose 8.18 points or 0.02% to settle at 35,216.32. Key indices registered gains on Wednesday, 09 May 2018; Sensex advance 103.03 points or 0.29% to settle at 35,319.35. Key indices registered modest losses on Thursday, 10 May 2018; as higher crude oil prices weighed on sentiment; Sensex lost 73.08 points or 0.21% to settle at 35,246.27. Key indices registered modest gains on Friday, 11 May 2018, on strong global cues; Sensex up 289.52 points or 0.82% to settle at 35,535.79. Bank Sector ICICI Bank Axis Bank SBI Kotak Mahindra Bank Of Baroda Yes Bank HDFC Bank Indusind Bank PNB 311.10 553.20 250.90 1265.45 142.50 349.95 2010.65 1894.15 88.65 282.90 520.30 241.95 1231.55 139.85 345.40 1987.85 1886.65 91.65 +9.96 +6.32 +3.69 +2.75 +1.89 +1.31 +1.14 +0.39-3.27 The S&P Bank index ended at 29688.88 up by 1026.35 points or by 3.58%. ICICI Bank, Axis Bank, SBI and Kotak Mahindra were among the major gainers in the week rising 10-02%. Most active (by Value) Most active (by Qty) Name Qty( 000) Pr. Vol. PCJEWELLER 575289.09 200.85 11554.68 JUBLFOOD 11339.98 2477.85 2809.88 FEDERALBNK 198301.74 90.05 1785.71 JINDALSTEL 64718.98 256.40 1659.39 TITAN 17316.53 956.05 1655.55 Name Qty( 000) Pr. Vol. PCJEWELLER 575289.09 200.85 11554.68 RCOM 279726.78 13.70 383.23 JPASSOCIAT 230591.06 18.60 428.90 FEDERALBNK 198301.74 90.05 1785.71 IDEA 129972.94 51.40 668.06 Top gainers Name Closing Price Previous close %change MAHASTEEL 84.25 62.60 34.58 IITL 132.40 104.00 27.31 SORILHOLD 605.45 482.70 25.43 SASKEN 1029.85 889.55 15.77 PCJEWELLER 200.85 174.65 15.00 Top losers Name Closing Price Previous close %change PIONDIST 291.65 376.80-22.60 VAKRANGEE 66.50 85.75-22.45 ECEIND 376.55 484.85-22.34 TALWALKARS 52.95 66.65-20.56 IDEA 51.40 62.50-17.76 For Private Circulation Only 1 Hem Research
Oil & Gas Sector Hind Petroleum OIL BPCL IOC ONGC GAIL Reliance Petronet LNG Castrol 318.05 235.20 399.35 169.40 187.30 342.65 988.50 214.90 178.20 294.80 221.40 380.30 161.70 180.30 329.85 953.90 219.60 184.50 +7.88 +6.23 +5.00 +4.76 +3.88 +3.88 +3.62-2.14-3.41 The S&P Oil & Gas index ended at 14751.77 up by 513.17 points or by 3.60%. Hind Petroleum, OIL, BPCL and IOC were among the major gainers in the week rising 08%-04%. Metal Sector Jindal Steel Hindalco Tata Steel JSW Steel Vedanta SAIL Coal India Hind Zinc NMDC 255.55 242.40 606.65 323.55 286.85 73.45 270.55 299.00 116.20 240.70 231.65 581.30 317.55 281.90 72.40 271.75 303.85 120.65 +6.16 +4.64 +4.36 +1.88 +1.75 +1.45-0.44-1.59-3.68 The S&P Metal index ended at 14050.72 up by 295.47 points or by 2.15%. Jindal Steel, Hindalco, Tata Steel and JSW Steel were among the major gainers in the week rising 07%-01%. For Private Circulation Only 2 Hem Research
Corporate News: Asian Paints gained 5.7% after consolidated net profit rose 3.4% to Rs 495.91 crore on 13.41% rise in total income to Rs 4527.83 crore in Q4 March 2018 over Q4 March 2017. Company announced that the decorative paint business in India registered double digit volume growth in the current quarter with improved demand conditions. Ingersoll-Rand (India) was locked in 20% upper circuit after the company declared a special dividend of Rs 202 per share as second interim dividend for the financial year ended 31 March 2018. The record date for the payment of the special dividend is 25 May 2018 and the dividend will be paid on 8 June 2018. The company's board also recommended a final dividend of Rs 3 per share for the financial year ended 31 March 2018. Shankara Building Products rose 1.93% after consolidated profit after tax rose 18% to Rs 21.70 crore on 27% rise in revenue from operations to Rs 760.80 crore in Q4 March 2018 over Q4 March 2017. Company s consolidated EBITDA margin dropped to 7.1% in Q4 March 2018 from 7.5% in Q4 March 2017. PC Jeweller's board approved the proposal for buyback of up to 1.21 crore equity shares, comprising of 3.07% of the total paid-up equity capital of the company, for an aggregate amount not exceeding Rs 424 crore, at Rs 350 per share, on a proportionate basis through the tender offer route. The board noted that the promoters and promoter group of the company shall not participate in the proposed buyback. Jindal Steel & Power lost 6.21% after the company reported consolidated net loss of Rs 424.69 crore in Q4 March 2018, higher than net loss of Rs 100.01 crore in Q4 March 2017. Company s consolidated net sales rose 39.93% to Rs 8522.79 crore in Q4 March 2018 over Q4 March 2017. Company s consolidated earnings before interest, tax, depreciation and amortization (EBITDA) rose 38% to Rs 2136 crore in Q4 March 2018 over Q4 March 2017. EBITDA margin rose to 25% in Q4 March 2018 from 23% in Q4 March 2017. Reliance Jio Infocomm (Jio) announced its new postpaid plan offering lowest tariffs in India and abroad to the postpaid users. The all new JioPostpaid will be available for subscription starting 15 May 2018. The plan offers free voice calls and SMS, subscription to Jio apps, 25 GB data, international calling starting at 50 paisa per minute and international roaming at home-like rates. Allahabad Bank reported a standalone net loss of Rs 3,509.63 crore for the last quarter ended March of 2017-18 due to more than three-time rise in its provisions for bad loans. The bank had registered a net profit of Rs 111.16 crore in the same quarter of preceding fiscal 2016-17. The bank had reported a loss of Rs 1,263.79 crore in the previous December quarter. The provisioning for bad loans spurted to Rs 5,126 crore during the March quarter against Rs 1,489.88 crore in the year-ago quarter. Meanwhile income during the quarter also fell to Rs 4,259.37 crore from Rs 5,105.07 crore as also interest income declined to Rs 3,776.81 crore from Rs 4,372.18 crore in January-March 2017. For Private Circulation Only 3 Hem Research
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