Q1FY18 earnings : Earnings recovery delayed further - ICICI Sec

Q1FY18 earnings : Earnings recovery delayed further

* Outlook – ‘Mirage of hope’ for earnings recovery will continue to disappoint investors in the short term: Since the beginning of CY17, the rolled forward Nifty50 EPS has remained stagnant at ~540 (adjusted for new entrants), which effectively means the earnings dow

Need of the hour is to keep the core of Infosys intact

Vishal Sikkas exit from Infosys seems to have been accentuated by the streak of comments made by co-founder N.R. Narayan Murthy. The comments bordered on complaints, raising issues of corporate governance and at time accusations. The episode, like a soap opera with significant twists and turns, has been played in public glare over the last few months.

The resignation has had i

Nickel too rallied by more than 3 percent on the LME to touch highs of $10645/t levels - Angel Commodities

Below is the View On Bull run in metals far from over by Ms. Kaynat Chainwala (Research Analyst- Base Metals, Angel Commodities Broking):

“Rally in the industrial metals space refuses to cease and the latest bout came from hike in Steel trading prices on the Shanghai Shanghai Futures Exchange. Last week, the China Iron and Steel Associa

Smart cities to drive video surveillance market in India: Seagate

As the drive to build smart and secure cities gains momentum, the relevance of video-based surveillance to ensure safety at workplace and beyond has increased multifold, a senior executive of US-based data storage company Seagate has said.

According to a recent report from Ireland-based Research and Markets, India's video surveillance market is projected to grow at a compound annu

Morningstar Offshore Fund Spy Report June quarter


This report provides insights into performance, estimated flows, and asset trends for offshore funds focussed on the Indian equity market (or “Indian securities”). The flows are estimated from assets and total returns for the quarter ended June 2017.

An offshore India fund is one that is not domiciled in India but invest

Government`s help to lenders facing bond defaults a 'moral hazard' - Fitch Rating

MUMBAI - The government risks creating "moral hazard" by injecting funds into state-run lenders such as IDBI Bank Ltd which are at risk of missing coupon payments on their additional tier 1 bonds, Fitch Ratings said on Wednesday.

Fitch said India's injection of 19 billion rupees ($295.81 million) into IDBI on Aug. 9 - at a time when the lender was believ

WPI Inflation comes in higher for the month of July - Angel Broking

Below is the View On WPI for the month of July 2017 by Mr. Mayuresh Joshi (Fund Manager, Angel Broking):

“The Wholesale Price Index (WPI) inflation for the month of July 2017 came in at 1.88%. This marks a sharp increase from the 0.90% WPI inflation reported in the month of June 2017. However, the cumulative WPI inflation for the first

NCLT admits RCOM merger petition with Aircel - Angel Broking

In what could be a sentimental boost to Reliance Communication, the National Company Law Tribunal (NCLT) has admitted the petition for merger of the wireless business of RCOM with Aircel. Additionally, NCLT has also admitted the petition for RCOM to sell 51% stake in its Towers business to Brookfield of Canada.    

As part of this deal with Aircel, the debt of RCOM will stan

Expert Views: July consumer inflation accelerates to 2.36 percent

NEW DELHI - India's annual consumer price inflation picked up to 2.36 percent in July after easing for three straight months, as a decline in food prices slowed sharply, government data showed on Monday.

The rise was faster than the 1.87 percent forecast by economists in a Reuters poll. Inflation was 1.54 percent in June - the slowest pace since India started rele

Tata Motors FY17 Annual Report - Motilal Oswal

TATA MOTORS FY17 Tata Motors’ FY17 annual report highlights weak operating performance. EBITDA declined 12.5% to INR335b and PAT declined 35% to INR76b. Net worth dipped to INR585b (FY16: INR794b) due to losses on (a) cash flow hedges, (b) re-measurement of pension liabilities, and (c) translation of foreign operations charged through OCI. Derivative losses continue to impact earnings, wi

The fundamentals of the Indian economy is continuously improving - Kotak Sec

Below is the View On weekly market quote by Sanjeev Zarbade, Vice President, PCG Research, Kotak Securities

It was one of the worst weeks for several months as Global markets signed off on a weak note. Geopolitical tensions between the US and North Korea took the centre stage as each side threatened the other with dire circumstances. The crisis st

Castor seed futures on NCDEX is heading for first weekly gains - Angel Commodities

Below is the View On Weekly Agri-Commodities by Mr. Ritesh Kumar Sahu (Fundamental Analyst– Agri Commodities, Angel Commodities Broking):

“During the current week, Guar futures expected to close higher for the third consecutive week followed by cardamom and castor seed while edible oil and oil seed prices have recovered in the cur

12/08/2017 11:44:03 AM | Posted in Commodities Reports read full news
We maintain our Sell rating on Cipla Ltd 1QFY2018 Results - Angel Broking

Below is The View On Cipla Ltd 1QFY2018 Results by Ms. Sarabjit Kour Nangra (VP Research- Pharma, Angel Broking):

“Cipla posted poor set of numbers, sales came in at INR 3,432cr V/s INR 3,789cr expected V/s INR 3,500cr in 1QFY2017, a YoY de-growth of 1.9%, mainly driven by the Indian formulation sales dip. Indian formulation sales (INR

We maintain our SELL rating on Indoco Remedies Ltd 1QFY2018 Results - Angel Broking

Below is the View On Indoco Remedies Ltd 1QFY2018 Results by Ms. Sarabjit Kour Nangra (VP Research- Pharma, Angel Broking):

“Indoco Remedies like other pharmaceuticals companies posted bad set of numbers. Sales came in at INR 204cr V/s INR214cr expected and V/s INR253cr in 1QFY2017, a YoY de-growth of 19.2%. The company witnessed a disr

Bulls and Bears - Strategy: Markets continue upward momentum - Motilal Oswal

Strategy: Markets continue upward momentum

* Highest monthly rise in 16 months: The Nifty rallied 5.8% in July, the highest monthly return in 16 months. The key drivers were: good progress of the monsoon, smooth GST implementation, and continued liquidity inflow. Midcaps (+4.4% in July) underperformed the Nifty, but the valuation premi

Fundamental Market views by Mr Rahul Shah - Motilal Oswal

Below is the View On Fundamental Market views by Mr Rahul Shah, VP- Equity Advisory - MOSL

"Markets took a breather after a long three months , this was in sync with the global markets where all of them were down 1-1.5 percent down . Basically we saw sell off mainly in financials . Where nifty bank was down 4 percent from near term high

NAFTA won`t solve Mexico`s slow growth: Moody`s

Mexico's economy has structural flaws that will not be resolved with the upcoming renegotiation of the North American Free Trade Agreement (NAFTA), credit rating agency Moody's has announced.

Mexico has for years relied on its poorly-paid work force to compete with other economies, and that is part of what is holding the country back, the agency said in a report on Wednes

Steel and iron prices gave way to sharp gains in base metals in the last trading session - Angel Broking

Below is the View On Steel rally pushes base metals to new highs by Ms. Kaynat Chainwala (Research Analyst- Base Metals, Angel Commodities Broking):

“Unprecedented rally in Steel and iron prices gave way to sharp gains in base metals in the last trading session (7th Aug’17). Shanghai Steel Rebar futures are already up by 34 percen

Bajaj Auto`s announces a tie-up with Triumph is an important step in search of an exciting two-wheeler story - Angel Broking

Below is the View On Bajaj Auto announces a tie-up with Triumph of UK By Mr. Shrikant Akolkar (Research Analyst- Automobiles, Angel Broking):

“Bajaj Auto announced a deal with Triumph Motorcycles of UK to jointly manufacture mid-capacity motorcycles for the Indian and global markets. The partnership will be a non-equity tie-up to levera

India retail inflation seen picking up for first time in four months in July: Reuters poll

BENGALURU - India's retail inflation is expected to have picked up slightly in July after cooling in the previous three months, a Reuters poll showed, but likely remained well below the central bank's 4 percent medium-term target.

Much of the increase is attributed to the return of food inflation. Vegetable prices have risen sharply following erratic monsoon r

Rural India Report and Top Stock Picks by Motilal Oswal

Back on the saddle

Set for a comeback after three years of hibernation

Rural consumption decelerated over 2014-17 India’s rural consumption story was stalled for last three years owing to combination of two back to back draughts in 2014 and 2015 coupled with anemic growth in Minimum Support Prices for crops . This resu

Moody`s assigns Baa3 rating to EXIM India's USD notes

Moody's Investors Service, a global rating ageny, has assigned a Baa3 rating to the proposed USD-denominated senior unsecured notes issued by Export-Import Bank of India (EXIM India) from its USD10 billion global medium-term note program, through its head office in India. The bonds, with stable outlook, will be listed on the Singapore Stock Exchange and Taipei Exchange.

The rating

Solar sector unfazed by India-China tensions

As reports of the border stand-off between India and China continue to hog headlines, one of the concerns raised is whether this would have a bearing on the solar sector in India because local project developers are dependent on solar cells and modules imported from China.

Of the $2.34 billion worth of solar equipment brought into India in 2015-16, a staggering $1.96 billion (83.61 pe