Joindre Capital Services Ltd. Sebi Regn No
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JOINDRE CAPITAL SERVICES LTD. SEBI REGN NO. INH000002061 / INZ000174034 DAILY REPORT 10th August 2018 India to release June industrial production; RBI to hold govt bonds, term repo, reverse repo auctions; State Bank of India, GAIL India, Hindalco Industries, Bosch India, Glenmark Pharmaceuticals, Indraprastha Gas, Sun TV among companies to report earnings. Prime Minister Narendra Modi, Oil Minister Dharmendra Pradhan to speak. WHAT TO WATCH: * India to Sell 3.49m Tons of Pulses to States at Subsidized Rates * India Must Name Chief Statistician At the Earliest, Panel Says * Vedanta Wins 41 blocks, ONGC 2 in Open Acreage Auction: Pradhan ** Vedanta’s Zambia Copper Unit Halts Section of Mine After Death * India Fraud Agency Arrests Former Bhushan Steel MD Neeraj Singal * Essar Signs 15-Year Gas Supply Contract With Gail: Statement * Power-Plant Lender in India Seeks $1 Billion in Dollar Bond Sale * Jet Air in Talks With Staff on Payroll Restructuring, Dube Says * Jet Airways Postpones Results Following Report of Cash Crunch * Templeton Favors Options to Ride Asia’s Best Stock Market Swings * Cryptokidnapping, or How to Lose $3 Billion of Bitcoin in India * The Leaders and Laggards Behind India’s World-Beat Growth * Modi’s Party Mulls Expanding Contentious India Citizenship Rules * Asia Stocks Edge Lower; Dollar Holds Advance: Markets Wrap * Global Funds Buy Net INR7.66b of India Equity Derivatives Thursday ** Global Funds Buy Net 3.71B Rupees of India Stocks Thursday: NSE ** Foreign Investors Buy Net INR9.17b of Indian Equities on Aug. 8 ECONOMIC DATA (All times India Time): * 5:30pm: India June Industrial Production y/y, est. 5.6%, prior 3.2% GOVERNMENT: * 10am: New Delhi. Prime Minister Narendra Modi at World Biofuel Day event; Oil Minister Dharmendra Pradhan to be present * 10am: New Delhi. NITI Aayog to host conference on holistic development of islands; CEO Amitabh Kant to attend * 4pm: New Delhi. Hardeep Puri, MoS for Housing to launch Protocol for Swachh Survekshan 2019; Swachh Manch portal & Ease of Living Index * 6pm: New Delhi. Mahesh Sharma, MoS for for Culture to inaugurate an exhibition CENTRAL BANK: * RBI to conduct 500b rupees, 6-day variable rate reverse repo auctions * RBI to auction 120b rupees of dated govt bonds * RBI to conduct 225b rupees of 14-day term-repo auction * RBI to release weekly FX, bank credit data BOND SALES: * ABFL Plans to Raise up to INR44b Via 3-Part Bonds * Manappuram Finance to Raise INR30b Via Public Issue of Bonds JOINDRE CAPITAL SERVICES LTD. SEBI REGN NO. INH000002061 / INZ000174034 EARNINGS: (net income adj. ests. in INR where available) * Aditya Birla Capital (ABCAP) 1Q * Alkem Laboratories (ALKEM) 1Q 2.05b * Allcargo Logistics (AGLL) 1Q 484m (5) * Andhra Bank (ANDB) 1Q * Apollo Hospitals (APHS) 1Q 648m (9) * Bosch India (BOS) 1Q 4.5b (4) * CG Power (CGPOWER) 273m (9) * Dhanuka Agritech (DAGRI) 1Q 203m (9) * DLF (DLFU) 1Q * Dr. Lal PathLabs (DLPL) 1Q 472m (5) * Elgi Equipments (ELEQ) 1Q 263m (3) * Endurance Technologies (ENDU) 1Q 1.28b (3) * GAIL India (GAIL) 1Q 11.6b (18) * Glenmark Pharmaceuticals (GNP) 1Q 1.74b (18) * Great Eastern Shipping (GESCO) 1Q * Gujarat Mineral (GMDC) 1Q 1.43b (5) * Hindalco Industries (HNDL) 1Q 4.4b (13) * Indian Hotels (IH) 1Q * Indraprastha Gas (IGL) 1Q 1.86b (22) * JB Chemicals (JBCP) 1Q * Kirloskar Oil Engines (KOEL) 408m (5) * KNR Constructions (KNRC) 1Q 396m (14) * LUX Industries (LUX) 1Q * Max India (MAXI) 1Q * Mishra Dhatu Nigam (MIDHANI) 1Q * NCC Ltd. (NJCC) 1Q 784m (8) * NHPC (NHPC) 1Q * PC Jeweller (PCJL) 1Q * Sheela Foam (SFL) 1Q * State Bank of India (SBIN) 1Q 2.38b (17) * Sun TV Networks (SUNTV) 1Q 3.7b (6) * Tamil Nadu Newsprint (TNNP) 1Q * Timken India (TMKN) 1Q 255m (4) * UCO Bank (UCO) 1Q * Uflex (UFLX) 1Q * Union Bank of India (UNBK) 1Q loss 7.26b (8) * United Breweries (UBBL) 1Q 2.08b (6) * Voltas (VOLT) 1Q 1.82b (16) CONFERENCES/CORPORATE EVENTS: * 10:30am: New Delhi. SIAM to announce Industry Sales Figures for July, 2018 * 2:30pm: Rajnish Kumar, chairman of State Bank of India hold a conference call to announce 1Q FY19 results followed by Q&A session * AGMs: 3M India, BASF India, Eicher Motors, Federal Bank, Great Eastern Shipping, InterGlobe Aviation JOINDRE CAPITAL SERVICES LTD. SEBI REGN NO. INH000002061 / INZ000174034 OFFERING: * Creditaccess Grameen IPO gets 37% demand for shares offered on 2nd day sale, offer close Aug. 10. * Dodla Dairy Files for IPO; to Sell 1.5B Rupees of New Shares ANALYST ACTIONS: * City Union Bank Raised to Accumulate at Arihant Capital * Indian Bank Cut to Hold at Quantum Securities; PT 375 Rupees * Eicher Motors Raised to Neutral at Credit Suisse * NALCO Upgraded to Outperform at Macquarie; PT 82 Rupees * Lupin Downgraded to Underperform at Macquarie; PT 704 Rupees * Page Industries Cut to Reduce at ICICI Securities * Adani Power Cut to Underperform at IDFC Securities; PT 24 Rupees * Lupin Downgraded to Reduce at HSBC; PT 735 Rupees * Lupin Downgraded to Hold at ICICI Securities; PT 852 Rupees MARKETS: (As of 7.10 a.m. India time) * S&P 500 -0.1% to 2,853.58 * STOXX Europe 600 +0.1% to 390.05 * MSCI Asia Pacific Index +0.1% to 167.02 * Gold spot little changed at $1,212.75 * Brent Futures -0.2% to $71.92/bbl * Sensex up 0.36% to 38,024.37 * Nifty Index up 0.18% to 11,470.70 * SGX Nifty futures for Aug. delivery little changed at 11,484.50 * INR down 0.1% to 68.6825 * Yield on 7.17% bonds maturing Jan 2028 at 7.75% on Aug. 9 * INR Bonds Gain as Oil Drop Eases Inflation Worries: Inside India EQUITY PREVIEW: * 63 Moons Technologies (63MOONS): 1Q profit 349.8m rupees vs 284.7m yr ago * AIA Engineering (AIAE): 1Q profit 1.05b rupees, est. 1.14b * Aurobindo Pharma (ARBP): 1Q net income 4.56b rupees, misses est. 5.33b * Capacit’e Infraprojects (CAPACITE): 1Q profit 227.3m rupees vs 160.9m yr ago * Clariant Chemicals (CLRC): 1Q net income 96.4m rupees vs 14.1m loss year ago * Coffee Day (CCD): 1Q net income 170m rupees vs 151m a year ago * Eicher Motors (EIM): 1Q net income 5.76b rupees, mises est. 6.06b * Eris Lifesciences (ERIS): 1Q profit 712.5m rupees vs 708.4m yr ago * Future Retail (FRETAIL): 1Q profit 1.53b rupees, Misses est. 1.99b * Godrej Agrovet (GOAGRO): 1Q profit rises 9% to 802.4m rupees * Jindal Steel (JSP): 1Q net income 1.8b rupees; beats est. 1.3b * MT Educare (MTEL): 1Q loss 46.3m rupees vs profit 11.3m a year ago * Tata Communications (TCOM): 1Q loss 584.9m rupees vs 322.5m profit yr ago * Zensar Technologies (ZENT): 1Q profit 821.6m rupees vs 471.7m a year ago .