Metal Sector Update Price correction continues in ferrous space - Emkay

Price correction continues in ferrous space

Key observations

* In Ferrous space except China HR Sheet, which rose mildly by 3.5% MoM to US$528/tn, all other metals registered sharp correction. Iron ore both 62% and 58% fell by 19% and 12% MoM while coking coal fell by 39% MoM. Steel CIS fell by 2% to US$435/tn

2/06/2017 5:36:16 PM | Posted in Broking Firm Views - Sector Report read full news
NIFTY PHARMA has immediate support placed at 8550 levels - GEPL

NIFTY PHARMA has immediate support placed at 8550 levels

Observation

* NIFTY PHARMA is the perennial underperforming sectoral index, as it closed down by massive 10.79% at 9060.45, as against an up move of 1.77% in benchmark NIFTY 50.

* The Sector had faced a strong resistance @ 10250 - 10300 level s

30/05/2017 12:04:44 PM | Posted in Broking Firm Views - Sector Report read full news
NIFTY FMCG holds strong Bullish momentum - GEPL

NIFTY FMCG holds strong Bullish momentum.

Observation

* NIFTY FMCG is the best performing sectors amongst all the indices last week. It showed a strong up move by 4.74%, as against an up move of 1.77% in benchmark NIFTY 50.

* The Sector is in long term Bullish Trend with the formation of Higher Top H

30/05/2017 11:58:10 AM | Posted in Broking Firm Views - Sector Report read full news
IT Services - Meeting notes from discussions with Industry consultant - Emkay

Meeting notes from discussions with Industry consultant

We hosted a very senior Industry consultant for Investor meetings in Mumbai recently. The investor queries through the sessions were broadly focused on

* How is IT spending demand shaping up through CY17/FY18 given that we have had mixed views from the co

29/05/2017 3:04:06 PM | Posted in Broking Firm Views - Sector Report read full news
Ports - The April PORTfolio - Emkay

The April PORTfolio

* Major Indian ports handled 55.8mn tons of cargo in the month of April 2017, clocking a growth of 6.3% YoY however declined 9.1% MoM. The major growth drivers were containers (9.8% YoY), POL (6.5% YoY), iron ore (+41% YoY) and other liquids (+8.5% YoY) while coal (-3.5% YoY) and fertilizer (-1.1% YoY) witnessed a decline

24/05/2017 2:59:39 PM | Posted in Broking Firm Views - Sector Report read full news
Media and Entertainment Sector Update GST euphoria over now time to focus on core business - Emkay

GST euphoria over now time to focus on core business

* GST rate for multiplexes was announced at 28% on ticket sales and 18% on F&B. This is substantially higher than expectation of 18% on ticket sales and 12% on F&B. However, lower rate assumption was with risk of anti-profiteering clause.

* F&B tax is higher than prescribed slab

23/05/2017 2:18:53 PM | Posted in Broking Firm Views - Sector Report read full news
Aviation Sector Update Continuing with a tempered growth - ICICI Sec

Continuing with a tempered growth

Reason for report: Monthly update

Research Analysts: Ansuman Deb ansuman.deb@icicisecurities.com +91 22 6637 7312 The air traffic in April continued with the new paradigm of tempered growth. The aggregate domestic traffic growth remained at 15% (February/March growth was also ~16/15%). Howeve

22/05/2017 1:44:52 PM | Posted in Broking Firm Views - Sector Report read full news
IT Sector Update Risks to strong 1H seasonality - Motilal Oswal

Risks to strong 1H seasonality?

* INFO’s 6-8% YoY guidance for FY18 embeds a normal seasonality with stronger 1H v/s 2H. Expectations from TCS are no different.

* CTSH interestingly cited that while 2Q is among the stronger quarters, guidance of 2.2-3.7% QoQ (and 7.7-9.2% YoY) does not reflect any worries on the demand outlook. Instead,

10/05/2017 12:17:15 PM | Posted in Broking Firm Views - Sector Report read full news
Metals Weekly - India remains a net exporter of steel in April 2017 - Motilal Oswal

India remains a net exporter of steel in April 2017

* Indian steel: Long product (TMT Mumbai) prices were down ~2% WoW. Sponge iron and domestic scrap prices were down by ~4% WoW. Domestic iron ore were unchanged, while pellet was marginally lower. Domestic HRC prices were unchanged.

* Raw Materials: Iron ore prices (China cfr) were down ~10

10/05/2017 12:00:59 PM | Posted in Broking Firm Views - Sector Report read full news
Metal Sector Update Price correction continues - Emkay

Price correction continues…

Key observations

* In Ferrous space iron ore, steel and HR Sheet prices fell down yet again due to mounting supply pressure. Coking coal price rose due to temporary supply shock from Cyclone Debbie in Australia.

* Iron ore prices of both 62% and 58% grade fell by 14

4/05/2017 3:45:13 PM | Posted in Broking Firm Views - Sector Report read full news
Auto Industry Volume Update - April 2017 - Kotak Sec

AUTO INDUSTRY VOLUME UPDATE - APRIL 2017

FY18 started off on a mixed note for the automobile manufacturers. In April 2017, demand was strong for the passenger car and tractor segment. Two wheeler segment performance continue to be on the recovery mode, post demonetization. Commercial vehicle segment (particularly MHCV segment) witnessed sharp YoY decli

4/05/2017 3:38:21 PM | Posted in Broking Firm Views - Sector Report read full news
Nifty Pharma has immediate support placed at 9870 levels - GEPL

Observation

* NIFTY PHARMA is one of the most underperforming sectoral indices, as it closed down by around 0.85% at 10120.90, as against an up move of 2.02% in benchmark NIFTY 50.

* The Sector had made a recent swing high @ 10806.80 in the month of Feb 2017, lower, as compared to Dec 2016. Thus it has failed to sustain at higher levels and a

2/05/2017 5:17:10 PM | Posted in Broking Firm Views - Sector Report read full news
NIFTY PSU BANK holds strong Bullish momentum - GEPL

Observation

* NIFTY PSU BANK is the best performing sectors amongst all the indices last week. It showed a massive up move by 5.36%, as against an up move of 2.02% in benchmark NIFTY 50.

* The Sector is in long term Bullish Trend with the formation of Higher Top Higher Bottom sequences in all time frames charts as Daily, Weekly as well as Mon

2/05/2017 5:10:35 PM | Posted in Broking Firm Views - Sector Report read full news
Global Steel Dynamics Output at record level, demand remains weak - Emkay

Output at record level, demand remains weak!

* Crude steel output in both India and China surges to highest level since last five years at 9 mt and 72 mt respectively in March despite fall in steel prices.

* World capacity utilization continues to go northwards YoY for the 8 th consecutive month with 220 bps YoY increase to 72.7% in Mar&rsquo

1/05/2017 2:44:08 PM | Posted in Broking Firm Views - Sector Report read full news
Agri Digest - Crop pattern likely to shift from maize & pulses to cotton - Emkay

Agri Digest – Crop pattern likely to shift from maize & pulses to cotton

* Our interaction with seeds distributor in Telangana has indicated that cotton acreages are expected to increase by 20-25% while maize and pulses acreages are expected to fall by 30-40%. Kaveri is likely to gain market share on the back of new product launches such as &

29/04/2017 4:23:01 PM | Posted in Broking Firm Views - Sector Report read full news
Power Sector - FY17 witnessed strong capacity addition of 17.5GW (131% of target) - Emkay

* Generation increased 5.5% YoY in March 2017 primarily due to onset of summer and incremental capacity. Growth was driven by 6.0% YoY and 12.3% YoY rise in generation across the coal based plant and Hydro plants respectively.

* The overall industry PLF was flat at 43.6%. PLF declined across the Gas and Nuclear segment witnessing a 314 bps and 1378 bps YoY fall respectively. PLF acros

29/04/2017 10:31:26 AM | Posted in Broking Firm Views - Sector Report read full news
Nifty Pharma has immediate support placed at 9870 levels - GEPL

Observation

* NIFTY PHARMA is one of the most underperforming sectoral indices, as it closed down by around 3.07% at 10208.50, as against a down move of 0.34% in benchmark NIFTY 50.

* The Sector had made a recent swing high @ 10806.80 in the month of Feb 2017, lower, as compared to Dec 2016. Thus it has failed to sustain at higher levels and

25/04/2017 5:13:50 PM | Posted in Broking Firm Views - Sector Report read full news
Nifty Reality holds strong Bullish momentum - GEPL

Observation

* NIFTY REALTY is the best performing sectors amongst all the indices last week. It showed a massive up move by 10.75%, as against a down move of 0.34% in benchmark NIFTY 50.

* The Sector is in long term Bullish Trend with the formation of Higher Top Higher Bottom sequences in all time frames charts as Daily, Weekly as well as Mo

25/04/2017 5:05:59 PM | Posted in Broking Firm Views - Sector Report read full news
Q4FY17E Order momentum continues - Karvy

Project awards seen pick-up during Apr-Feb 2017

Construction sector is expected to post moderate performance for Q4FY17, primarily on account of weak execution in newly won projects. Awarding of new orders have been strong in key segments like Roads & Urban Infra during the quarter, though it remained below the initial targets set by govt (on delay

22/04/2017 10:55:31 AM | Posted in Broking Firm Views - Sector Report read full news
India Agrochemicals - Channel checks South spoils the party in Q4 - RCML

Channel checks: South spoils the party in Q4

Our interactions with agrochemical dealers and players indicate that (a) a below-normal northeast monsoon has severely affected the southern region, (b) pan-India rabi acreage is up 6% YoY but the states of Tamil Nadu and Karnataka have posted declines, (c) southern reservoirs are at very low storage levels,

21/04/2017 4:00:38 PM | Posted in Broking Firm Views - Sector Report read full news