DOCSLIB.ORG

India Update Market Data As on Sep 2, 2013 INDICES C Ontents % Chg

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
India Update Market Data As on Sep 2, 2013 INDICES C Ontents % Chg September 3, 2013 India Update Market data as on Sep 2, 2013 INDICES C ontents % chg (DoD) Page 2 Infosys (Rs3,080): CEO meeting takeaways Buy BSE Sensex 18886 1.4 S&P CNX Nifty 5551 1.4 Page 4 Recent reports/updates BSE 100 5529 1.5 BSE 200 2200 1.5 Highlights OVERSEAS MARKETS# % chg Sector/event Impact (DoD) Dow Jones 14810 (0.2) TECHNOLOGY: Demand has picked up in the financial services sector (~34% of Infosys’ Nasdaq Comp. 3590 (0.8) S&P 500 1633 (0.3) Infosys – revenues) across the US and Europe. However, Infosys is not ready to Hang Seng 22419 1.1 Company update call it a trend yet. Spends are happening across the imperatives of cost Nikkei 13953 2.8 takeout, risk/compliance/regulation and new technology initiatives, with ADVANCES/DECLINES (BSE) vendor consolidation helping Infosys as well. Retail continues to remain Group A B S Advances 154 1,071 160 strong though manufacturing demand is impacted due to the absence of Declines 43 672 156 large deals in the segment and discretionary spends forming ~42% of Unchanged 1 112 26 Infosys’s revenues from the segment as against ~34% on a FII TURNOVER (BSE+NSE)* companywide basis. Communication continues to be challenged given (Rs mn) Bought Sold Net that Wireline still constitutes 70% of the portfolio with the better-growth 64,160 65,170 (1,000) Cable and Wireless segments constituting a lower 30% of revenues. We reset our USD/INR assumptions to RS61.6 and Rs60 for FY14 and FY15 NEW HIGHS AND LOWS (BSE) Group A B S respectively (v/s Rs57.7 and Rs56 earlier) and accordingly raise our EPS High 4 21 27 and target price as well. Our target price of Rs3,417 discounts our FY15 Lows 3 98 26 EPS of Rs200.9 by 17 times. CURRENCY US$1 = Rs65.86 News Snippets *FII turnover (BSE + NSE) as on September 1, 2013 Economy • The eight core industries’ output growth came in at 3.1 per cent in July, lower than 4.5 per cent growth recorded in July last year. But, the latest monthly performance is a four-month high and much better than the 0.1 per cent growth seen in June this year. (Business Line) • In a move aimed at combating the negative perceptions hanging over public-private partnership projects, the Planning Commission has asked key infrastructure ministries to set up dedicated cells within three months for better monitoring and enforcement of such ventures. (The Economic Times) Sectoral • Passenger car and two-wheeler exporters have made the most of currency depreciation and posted significant increases in foreign sales in August, which helped them partially offset subdued domestic sales. (Business Standard) Corporate • All six national level commodity exchanges will have to register their existing warehouses with Warehousing Development & Regulatory Authority (WDRA) by the end of this year to ensure the quality and quantity of produce lying with them. (The Economic Times) Market movement over last fortnight Volumes in Rs mn (BSE and NSE) Advances & Declines ratio (BSE) 19000 5800 200,000 2.0 BSE NSE BSE (LHS) NSE (RHS) 1.8 5700 160,000 18700 1.6 5600 1.4 120,000 1.2 18400 5500 1.0 80,000 0.8 5400 0.6 18100 5300 40,000 0.4 0.2 17800 5200 0 0.0 19/8 21/8 23/8 25/8 27/8 29/8 31/8 2/9 19/8 21/8 23/8 25/8 27/8 29/8 31/8 2/9 19/8 21/8 23/8 25/8 27/8 29/8 31/8 2/9 ICICI Securities Limited, ICICI Centre, H.T. Parekh Marg, Churchgate, Mumbai – 400 020, India. Phone: +91 22 2288 2460/70 Fax: +91 22 2288 2448 ICICI Securities Inc, 461 Fifth Avenue, 16th Floor, New York, NY 10017. Phone: +1 212 921 2344 / +1 212 453 6704 Fax: +1 212 453 6710 India Update, September 3, 2013 ICICI Securities Infosys (Buy) TECHNOLOGY COMPANY UPDATE CEO meeting takeaways Rs3,080 Kuldeep Koul (+91 22 6637 7573) [email protected] Varun Sharma (+91 22 6637 7180) [email protected] Target price Rs3,417 We hosted Mr. S.D. Shibulal, CEO & MD - Infosys, for investor meetings. Following are the key takeaways: Target price revision Rs3,417 from Rs3,070 Table 1: Valuations summary Y/E EPS P/E EV/E Mar (Rs) (x) (x) Price (02/9/13) (Rs) 3,080 2012 145.5 21.2 14.3 M.Cap. (Rs bn) 17,60 52 wk Range (Rs) 3116/2212 2013 164.9 18.7 13.3 M.Cap (US$ mn) 27.1 Dividend yield FY14E (%) 2.0 2014E 188.1 16.4 11.1 Shares Out (mn) 571.4 BSE Sensex 18886 2015E 200.9 15.3 10.5 Free Float (%) 84.0 Source: Company data, I-Sec Research • Demand pick up in financial services; Communication continues to be weak given constrained portfolio. Demand has picked up in the financial services sector (~34% of Infosys’ revenues) across the US and Europe. However, Infosys is not ready to call it a trend yet. Spends are happening across the imperatives of cost takeout, risk/compliance/regulation and new technology initiatives, with vendor consolidation helping Infosys as well. Retail continues to remain strong though manufacturing demand is impacted due to the absence of large deals in the segment and discretionary spends forming ~42% of Infosys’s revenues from the segment as against ~34% on a companywide basis. Communication continues to be challenged given that Wireline still constitutes 70% of the portfolio with the better-growth Cable and Wireless segments constituting a lower 30% of revenues. • No meaningful pick-up in legacy enterprise discretionary spends. Infosys has not seen a significant pick-up in legacy enterprise spends around ERP, CRM, SCM, etc. Consulting and System Integration constitutes a larger ~34% of the portfolio for Infosys as against an average of 19% for the industry. The company includes Cloud and Mobility-related revenues, where there is decent traction, within the PPS segment (Products, Platforms, Solutions), and not CSI. Margins on CSI are around 200-300bps higher than the company average for Infosys. • Deal pipeline strong in BITS but revenue traction is margin-dilutive. Infosys has renewed its focus on the Business IT space as evidenced from the US$1bn TCV of deal wins in H2FY13 with another US$552mn TCV won in Q1FY14. The interesting thing is that a large part of these deals are incremental and represent new business as against renewals which Infosys includes in the deal TCV as well. Large deal pipeline remains very strong with the company’s win ratios on the up as well. An extended partner ecosystem ensures that Infosys can participate in some of the asset-intensive deals as well without having to put its own balance sheet to use (e.g., NTT was an asset partner on the Harley Davidson deal). However, the challenge within the BITS space is that the large deals are margin-negative in the first few quarters and will only return company average margins through the lifecycle of the deal, and that too if Infosys is able to drive improvements in automation/industrialisation given the managed services nature of the engagements. 2 India Update, September 3, 2013 ICICI Securities • High Investments in PPS; project durations extended. Infosys is investing heavily in developing its Products and Platforms (seven products and seven platforms currently) segment with the margins in PPS being a negative ~3% in FY13. Also, though the TCV booked is already ~US$725mn, the average duration is 8-10 years in PPS vs an average of 4-5 years in BITS. • Net, net demand looks good, but margin pressures may persist. From our understanding, Infosys should be able to achieve the top end of its revenue guidance of 6-10% for FY14 (1.5% CQGR), given pick-up in BFSI, its largest vertical. However, there may not be a meaningful upside given the still subdued discretionary environment. Also, we think that 1) still subdued discretionary spends and 2) highly competitive BITS space, where new deals (which are meaningfully margin-dilutive in early stages) are just beginning to ramp up, should put some pressure on the margins over the next few quarters on a constant currency basis, in addition to the impact of wage hikes in Q2FY13. Though increase in utilisation and rationalisation of onsite cost structure are the key near-term levers with industrialization and growth to buffer profitability from the longer-term perspective, we choose to be conservative in our own modelling regarding margins. We model EBIT margin of 24.8% for FY14 (USD/INR of 61.6) and 24.5% for FY15 (USD/INR of 60). We have assumed wage impact of ~250bps in FY15 as well. • Maintain BUY; Raise target to Rs 3,417. We reset our USD/INR assumptions to RS61.6 and Rs60 for FY14 and FY15 respectively (v/s Rs57.7 and Rs56 earlier) and accordingly raise our EPS and target price as well. Our target price of Rs3,417 discounts our FY15 EPS of Rs200.9 by 17 times. Details in our report ‘CEO meeting takeaways’ dated September 2, 2013. 3 India Update, September 3, 2013 ICICI Securities Recent reports/updates Analyst Company/Sector Date Kuldeep / Varun Infosys: CEO meeting takeaways Sep 2 Kuldeep / Varun MphasiS: Better than expectations Aug 30 Rohit / Prolin Oil&Gas sector: Time for radical measures Aug 26 Nimit / Jeetendra Bajaj Corp: NOMARKS acquisition - good synergy in medium term Aug 26 Abhijit / Urvil NMDC: Supporting props for our valuation story Aug 23 Vinod/Ravi Sundar/Sandeep India Strategy: Consensus earning revisions - decay continues Aug 22 Abhijit / Urvil Hindalco: Annual report analysis – long way to go… Aug 20 Prakash / Vivek/Hardik Voltas: Another disappointing quarter Aug 18 Abhijit / Urvil Nalco: Weak performance, feeble outlook Aug 16 Abhijit / Urvil SAIL: Results in line, execution remains key Aug 14 Santanu / Ujjwal /Shashin LIC Housing Finance: A strong showing Aug 14 Rohit / Prolin GSPL: Volumes crucial for rerating Aug 14 Sanket Maheshwari M&M: Business as usual
Load more

Recommended publications
  • Tla Hearing Board
    TLA HEARING BOARD Hearing Schedule from 01/10/2019 to 31/10/2019 Location: DELHI Hearing Timing : 10.30 am to 1.00 pm S.No TM No Class Hearing Proprietor Name Agent Name Mode of Date Hearing 1 3408747 41 01-10-2019 GAURAV SHARGA KSHITIJ MALHOTRA Physical 2 2713186 25 01-10-2019 TV TODAY NETWORK LTD. SAJAD SULTAN ADV., Physical 3 3404419 1 01-10-2019 TV TODAY NETWORK LIMITED SAJAD SULTAN ADV., Physical 4 3404420 2 01-10-2019 TV TODAY NETWORK LIMITED SAJAD SULTAN ADV., Physical 5 3425744 5 01-10-2019 MR. ASHISH KUMAR DUBEY LALJI ADVOCATES Physical 6 3426307 7 01-10-2019 SH. SHYAM VERMA. LALJI ADVOCATES Physical 7 3426308 11 01-10-2019 SH. SHYAM VERMA. LALJI ADVOCATES Physical 8 3426309 30 01-10-2019 PREM SINGH. LALJI ADVOCATES Physical 9 3426310 43 01-10-2019 PREM SINGH. LALJI ADVOCATES Physical 10 3426312 12 01-10-2019 SH. PAWAN KUMAR GUPTA. LALJI ADVOCATES Physical 11 3426314 12 01-10-2019 KSHITIZ GUPTA. LALJI ADVOCATES Physical 12 3427343 12 01-10-2019 MANINDER SINGH. LALJI ADVOCATES Physical 13 3427349 42 01-10-2019 MOBIN SIGNITY SOLUTIONS PRIVATE LIMITED. LALJI ADVOCATES Physical 14 3427353 6 01-10-2019 PANKAJ MITTAL. LALJI ADVOCATES Physical 15 3427356 35 01-10-2019 UNIQUE LIFE SCIENCES PVT. LTD. LALJI ADVOCATES Physical 16 3429261 9 01-10-2019 SAURABH GROVER. LALJI ADVOCATES Physical 17 3429262 7 01-10-2019 SH. RAM JAGAT. LALJI ADVOCATES Physical 18 3429263 11 01-10-2019 SH. RAM JAGAT. LALJI ADVOCATES Physical 19 3405602 5 01-10-2019 ALEXA PHARMACEUTICALS PRIVATE LIMITED ALEXA Physical PHARMACEUTICALS PRIVATE LIMITED 20 3417160 6 01-10-2019 SH.
    [Show full text]
  • Stocks to Watch: Dish TV, Eicher, M&M
    Stocks to Watch: Dish TV, Eicher, M&M, Metropolis Health, Sun Pharma Friday, May 28, 2021 - Morning brief for the stock market: TOP EVENTS TODAY * Nifty 50 company detailing Jan-Mar earning: + Mahindra & Mahindra and Mahindra Vehicle Manufacturers, (Net profit seen 10.97 bln rupees vs 32.6 bln rupees loss year ago) * Jan-Mar earnings to be detailed by: 3M India, Incon Engineers, Rolcon Engineering Co, Action Construction Equipment, India Nippon Electricals, RSWM, AD Manum Finance, Indian Bank, Servoteach Industries, Aditya Birla Fashion and Retail, Indokem, Sharp Investments, Ador Multiproducts, IPCA Laboratories, Shish Industries, Ador Welding, ITD Cementation India, Shree Rama Newsprint, 1 Arvind Smartspaces, Jagran Prakashan, Shree Steel Wire Ropes, Associated Alcohols & Breweries, Jindal Poly Films, Shree Tulsi Online.Com, Aurionpro Solutions, Kama Holdings, Si Capital & Financial Services, Batliboi, Kanoria Chemicals & Industries, Sikozy Realtors, Bengal & Assam Co, Karur Vysya Bank, Sirca Paints India, Kovilpatti Lakshmi Roller Flour Blue Circle Services, SMS Pharmaceuticals, Mills, Lakshmi Electrical Control Bridge Securities, SRG Housing Finance, Systems, Calcom Vision, Max Healthcare Institute, SRU Steels, Camlin Fine Sciences, Mindteck India, Stanpacks India, Central Bank of India, Munoth Communication, Steel Exchange India, Chemo Pharma Laboratories, Munoth Financial Services, Steelcast, City Union Bank, NACL Industries, Sudal Industries, Classic Filaments, Navkar Corp, Sudarshan Chemical Industries, Confidence Futuristic Energetech,
    [Show full text]
  • NIFTY Midcap Liquid 15 Index Is Designed to Provide Investors Exposure to the Liquid Midcap Stocks While Making the Index Easily Replicable and Tradable
    September 30, 2021 NIFTY Midcap Liquid 15 Index is designed to provide investors exposure to the liquid midcap stocks while making the index easily replicable and tradable. NIFTY Midcap Liquid 15 Index is computed using free float market capitalisation weighted method, wherein the level of the index reflects the total market value of all the stocks in the index relative to a particular base period. The method also takes into account constituent changes in the index and importantly corporate actions such as stock splits, rights, new issue of shares etc without affecting the index value. The maximum weight of a single stock in the index is capped at 15%. Index Variant: NIFTY Midcap Liquid 15 Total Returns Index. Portfolio Characteristics Methodology Periodic Capped Free Float Index Since QTD YTD 1 Year 5 Years No. of Constituents 15 Returns (%) Inception Launch Date May 08, 2014 Price Return 11.33 36.13 70.59 16.42 16.47 Base Date January 01, 2009 Total Return 11.91 37.51 72.47 17.59 18.05 Base Value 1000 Since Statistics ## 1 Year 5 Years Calculation Frequency Real-Time Inception Index Rebalancing Semi-Annually Std. Deviation * 21.69 23.55 26.86 Sector Representation Beta (NIFTY 50) 1.02 1.05 1.16 Sector Weight(%) Correlation (NIFTY 50) 0.72 0.81 0.83 FINANCIAL SERVICES 29.53 Fundamentals AUTOMOBILE 16.00 P/B Dividend Yield INDUSTRIAL MANUFACTURING 13.25 P/E 22.33 3.03 1.16 CHEMICALS 10.06 CONSUMER GOODS 8.67 Top constituents by weightage MEDIA, ENTERTAINMENT & 8.59 POWER 8.26 Company’s Name Weight(%) TEXTILES 5.65 SRF Ltd.
    [Show full text]
  • Page Industries Sector: Apparels /Mid-Cap
    Page Industries Sector: Apparels /Mid-Cap Earnings Update – 4QFY13 May 31, 2013 Sensex Nifty Price: INR 4256 Target Price: INR 3878 MARKETPERFORMER 19,760 5,986 Background : Page Industries is the exclusive licensee of Jockey International Inc (USA) to manufacture and distribute Jockey brand in India, Sri Lanka, Nepal, Bangladesh and UAE till 2030. They broadly operate in premium men’s innerwear; women’s innerwear and leisure wear segments. Jockey enjoys high brand recall and they spend ~5% of their annual sales for brand building and promotional activity, which enables them to dominate most of the segments in which they operate. In the men’s and women’s segment, they have a market share of ~21% and ~12% respectively. They are also exclusive licensee of Speedo swimwear brand in India. Page has network of 450 distributors and ~23,000 retail outlets in India. They compete with major brands like Crusoe, Hanes, Lovable and Enamor. 52 Week High/Low INR 4,440/2,776 Strong numbers Bloomberg / Reuters PAG IN/PAGE.BO Revenue up by 35. 5% YoY and -3.3% QoQ at INR 2,090.6 mn Equity (shares in mn) 11.15 Volumes grew by 16% YoY and blended realization grew by 18.2% YoY Mkt. Cap in mn INR 47,820/ $ 846.2 EBITDA at INR 367.3mn up 51.9% YoY; PAT grew by 38.4% YoY to INR 236mn Avg. Daily Vol. (‘000) 6. 01 EBITDA Margin stood at 17.6% in 4QFY13 Avg. Daily Vol. (mn) INR 25 .8 /$ 0.46 Company announced final dividend of INR 14 per share (FY13) and an interim dividend of INR 14 Shareholding Mar 12 Dec 12 Mar 13 Dec 11 perSep share 12 (FY14).
    [Show full text]
  • Factsheet March 2021
    FACTSHEET MARCH 2021 Remember this TASK, Always wear a MASK Stay Safe. Stay Healthy *The Bank of Baroda logo belongs to Bank of Baroda and is used under license. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully. The Bank of Baroda logo belongs to Bank of Baroda CIO LETTER - March 2021 and is used under license Mr. Sanjay Chawla Chief Investment Officer Dear Investors, Warm Greetings! The BSE Sensex and Nifty 50 index ended with minor gains of 0.8% and 1.1% in the month of March. Globally, stock markets rallied sharply with DOW JONES up 5.6% and S&P500 up 3.8%. European markets too rallied by 5-6% for the month of March. In India, the breadth was positive with the BSE Mid-cap and BSE Small-cap indices gaining by 1% and 2.5% respectively. Amongst sector indices, IT, FMCG, Metals outperformed while Oil & Gas, Bank and Auto underperformed during last month. While the month started on a positive note as 3QFY21 GDP grew at 0.4% after two quarters of contraction and expansion of the vaccination drive, a rapid spurt in Covid-19 cases, imposition of lockdowns, night curfews and other restrictions, weak macroeconomic data, elevated crude prices and jump in bond yield weighed on market sentiments. In its policy meeting the US Federal Reserve kept interest rates unchanged; it also mentioned that it does not currently expect to hike interest rates through 2023 and will maintain the current quantum of bond purchases. The policy rates remained at 0%-0.25% band and median estimate for unemployment rates are pegged at 4.5% end 2021 and 3.9% end 2022.
    [Show full text]
  • Market Masala… the Flavors That Influenced the Market This Week
    Go India Advisors Weekly Newsletter Market Masala… The flavors that influenced the market this week Week 24/CY20: 6th – 12th June 2020 1 Headlines this week Go India Advisors Another Day, another Deal; Powell GDP statement; Court – interest(ed) or not Weekly Newsletter Supreme Court clarified on the case of interest charged during moratorium. The issue now is limited to interest on interest deferred during moratorium. This is significant less Jio announced 7th and 8th sale of it's equity, this time 1.16% for threatening than question of interest waiver all together. Rs5683cr to Abu Dhabi Investment Authority (ADIA) and Banking sector took a sigh of relief and so did Indian additional 0.93% to Silver Lake Partners for Rs4546cr. Totalling upto 21.06% stake for Rs97885cr. More deals in offing are market. TPG(US$1.5bn), Saudi Arabia's Public Investment Fund (PIF) (US$1.5bn). And some rumours about either Google or Microsoft coming in. US Fed in it MPC on Thursday was dovish as expected. However more than expected downbeat assessment of the economy proved little bit too much for the stock markets to handle. This triggered the worst falls in stock market since 16th March. 13-06-2020 2 Global Markets – risk off Go India Advisors US Fed downbeat assessment of the economy, too hot for market to handle Weekly Newsletter Returns % Data for year 2020; except as specified 13-06-2020 3 Indian market – rally takes a breather Go India Advisors Volatility is the name of the game Weekly Newsletter Indian Markets for Week Ending 12th June 2020 For more information: Click on the image.
    [Show full text]
  • Presentation Has Been Prepared and Issued on the Basis of Internal Data, Publicly Available Information and Other Sources Believed to Be Reliable
    Next Trillion Dollar Opportunities Portfolio Linear GDP growth = Exponential opportunities August 2021 1 Next Trillion dollar opportunity is on, QGLP works 훼 Documented India growth story on Alpha across products Investment Philosophy THINK EQUITY THINK MOTILAL OSWAL India growth story is on … The next trillion dollar opportunity India’s GDP trend in USD bn • 60 years for first 6,000 th 5 USD tn trillion dollar of GDP 3 years 5,022 5,000 4th USD tn 3 years 3,950 4,000 3rd USD tn • Every NTD (next 8 years 3,107 trillion dollar) in 3,000 2nd USD tn 7 years 2,039 successively few years 2,000 1st USD tn 58 years 948 1,000 0 FY51 FY60 FY70 FY80 FY90 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21E FY22E FY23E FY24E FY25E FY26E FY27E FY28E FY29E Source: MOAMC Internal Research Disclaimer: The above graph/data is used to explain the concept and is for illustration purpose only. The data mentioned herein are for general and comparison purpose only and not a complete disclosure of every material fact. and should not used for development or implementation of an investment strategy. Past performance may or may not be sustained in future. THINK EQUITY 3 THINK MOTILAL OSWAL NTD Framework : Linear growth, Exponential opportunities Doubling of per capita GDP leads to 10x opportunity in Basic Spend discretionary categories Discretionary Spend Housing Saving Consumer 1200 Autos Durables 4 x Entertainment Premium 1050 Travel 10 x Wear 300 Higher savings also mean 100 opportunities in: 600 750 Capital Infrastructure USD 1,000 USD 3,000 Goods Source: MOAMC Internal Research Disclaimer: The above graph/data is used to explain the concept and is for illustration purpose only.
    [Show full text]
  • S.No. Scrip Name Symbol Series Leverage (In Times) 1 MARICO
    SCRIPS AVAILABLE FOR INTRADAY WITH LEVERAGES PROVIDED ON THEM Leverage Scrip Name Symbol Series (in times) S.No. 1 MARICO LIMITED MARICO 7.61 2 DABUR INDIA LIMITED DABUR 7.92 3 HINDUSTAN UNILEVER LIMITED HINDUNILVR 7.48 4 COLGATE PALMOLIVE (INDIA) LIMITED COLPAL 7.48 5 NESTLE INDIA LIMITED NESTLEIND 7.39 6 Alkem Laboratories Limited ALKEM 6.91 7 TATA CONSULTANCY SERVICES LIMITED TCS 7.24 8 DR. REDDY'S LABORATORIES LIMITED DRREDDY 6.54 9 PIDILITE INDUSTRIES LIMITED PIDILITIND 7.07 10 GODREJ CONSUMER PRODUCTS LIMITED GODREJCP 5.79 11 POWER GRID CORPORATION OF INDIA LIMITED POWERGRID 6.46 12 ACC LIMITED ACC 6.61 13 NTPC LIMITED NTPC 6.64 14 ITC LIMITED ITC 7.05 15 ASIAN PAINTS LIMITED ASIANPAINT 6.52 16 BRITANNIA INDUSTRIES LIMITED BRITANNIA 6.98 17 BERGER PAINTS (I) LIMITED BERGEPAINT 6.78 18 EXIDE INDUSTRIES LIMITED EXIDEIND 6.89 19 HDFC BANK LIMITED HDFCBANK 6.63 20 DIVI'S LABORATORIES LIMITED DIVISLAB 6.69 21 MRF LIMITED MRF 6.73 22 INDIAN OIL CORPORATION LIMITED IOC 6.49 23 BAJAJ AUTO LIMITED BAJAJ-AUTO 6.64 24 SIEMENS LIMITED SIEMENS 6.40 25 THE RAMCO CEMENTS LIMITED RAMCOCEM 6.23 26 TORRENT POWER LIMITED TORNTPOWER 6.10 27 UNITED BREWERIES LIMITED UBL 6.16 28 INFOSYS LIMITED INFY 6.82 29 CIPLA LIMITED CIPLA 6.52 30 Pfizer Limited PFIZER 6.41 31 PETRONET LNG LIMITED PETRONET 6.45 32 UNITED SPIRITS LIMITED MCDOWELL-N 6.24 33 CADILA HEALTHCARE LIMITED CADILAHC 5.97 34 WIPRO LIMITED WIPRO 6.10 35 SUN PHARMACEUTICAL INDUSTRIES LIMITED SUNPHARMA 6.18 36 BATA INDIA LIMITED BATAINDIA 6.44 37 LARSEN & TOUBRO LIMITED LT 6.38 38 ULTRATECH CEMENT
    [Show full text]
  • July 21, 2020 the Secretary Corporate Relationship Dept
    July 21, 2020 The Secretary The Secretary Corporate Relationship Dept. National Stock Exchange of India The Bombay Stock Exchange Limited Rotunda Building Exchange Plaza, Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Mumbai – 400 001 Mumbai – 400 051 Dear Sir, Sub: 25th AGM Notice & Annual Report 2019-20 We herewith enclose copy of the Notice for 25th Annual General Meeting, scheduled on 13th August 2020 at 11.30 a.m & Annual Report 2019-20, pursuant to the Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The said Notice and Annual Report are available on the Company’s website. Thanking you, Yours faithfully, For Page Industries Limited Murugesh C Company Secretary Encl: as above Corporate & Registered Office: Cessna Business Park, Tower-1, 7th Floor,Umiya Business Bay, Varthur Hobli, Outer Ring Road, Bengaluru - 560103. Ph: 080 - 4945 4545, Fax: 080 - 4946 5700 www.jockey.in | e-mail : [email protected] | CIN#: L18101KA1994PLC016554 NOTICE TO SHAREHOLDERS NOTICE is hereby given that the 25th Annual General million only), (excluding sitting fees) subject to the Meeting “AGM” of Members of Page Industries Limited limit prescribed in the Companies Act, 2013, to be will be held on Thursday, 13th August, 2020 at 11:30 AM paid to and distributed amongst the Directors of IST through Video Conferencing (“VC”) / Other Audio the Company or some or any of them (other than Visual Means (“OAVM”) to transact the following Managing Directors / Whole-time Directors) in business. The venue of the meeting shall be deemed such amounts, subject to such ceiling and in such to be the registered office of the Company.
    [Show full text]
  • Momentum Pick
    Momentum Picks Open Recommendations New recommendations Gladiator Stocks Date Scrip I-Direct Code Action Initiation Range Target Stoploss Duration 1-Oct-21 Nifty Nifty Sell 17520-17545 17482/17430 17583.00 Intraday Scrip Action 1-Oct-21 ONGC ONGC Buy 142.50-143.00 144.25/145.70 141.20 Intraday Hindalco Buy PICK MOMENTUM 1-Oct-21 UPL UPL Sell 707.00-708.00 700.60/693.80 714.60 Intraday Bata India Buy 30-Sep-21 Trent TRENT Buy 1010-1025 1125 948.00 30 Days HDFC Buy 30-Sep-21 Dhampur Sugar DHASUG Buy 290-294 312 282.00 07 Days Duration: 3 Months Click here to know more… Open recommendations Date Scrip I-Direct Code Action Initiation Range Target Stoploss Duration 29-Sep-21 SJVN SJVLIM Buy 28.3-29 31.50 27.00 14 Days 29-Sep-21 National Aluminium NATALU Buy 92-94 101.00 86.50 07 Days Intraday recommendations are for current month futures. Positional recommendations are in cash segment Retail Equity Research Retail – October 1, 2021 For Instant stock ideas: SUBSCRIBE to mobile notification on ICICIdirect Mobile app… Research Analysts Securities ICICI Dharmesh Shah Nitin Kunte, CMT Ninad Tamhanekar, CMT [email protected] [email protected] [email protected] Pabitro Mukherjee Vinayak Parmar [email protected] [email protected] NSE (Nifty): 17618 Technical Outlook NSE Nifty Daily Candlestick Chart Domestic Indices Day that was… Open High Low Close Indices Close 1 Day Chg % Chg Equity benchmarks concluded the monthly expiry session on a subdued note tracking mixed global cues.
    [Show full text]
  • NSE Symbol NSE 6 Month Avg Total Market
    Average Market Cap of 200 listed companies on BSE & NSE for the six months ended 30 June 2021 BSE 6 month Avg NSE 6 month Avg Average of BSE and NSE 6 Total Market Cap Total Market Cap month Avg Total Market Cap S.No. Company Name ISIN BSE SYMBOL (Rs. In Crs.) NSE Symbol (Rs. In Crs.) (Rs. in Crs.) 1 Reliance Industries Ltd INE002A01018 RELIANCE 1338017.01 RELIANCE 1355067.509 1346542.26 Tata Consultancy Services 2 Ltd. INE467B01029 TCS 1169783.56 TCS 1173068.166 1171425.86 3 HDFC Bank Ltd. INE040A01034 HDFCBANK 819037.95 HDFCBANK 818713.671 818875.81 4 Infosys Ltd INE009A01021 INFY 579784.19 INFY 579697.3885 579740.79 5 Hindustan Unilever Ltd., INE030A01027 HINDUNILVR 549336.78 HINDUNILVR 549358.908 549347.84 Housing Development 6 Finance Corp.Lt INE001A01036 HDFC 462288.58 HDFC 461373.1089 461830.84 7 ICICI Bank Ltd. INE090A01021 ICICIBANK 416645.51 ICICIBANK 416389.0234 416517.27 8 Kotak Mahindra Bank Ltd. INE237A01028 KOTAKBANK 361640.52 KOTAKBANK 361438.6361 361539.58 9 State Bank Of India, INE062A01020 SBIN 329767.32 SBIN 329789.268 329778.29 10 Bajaj Finance Limited INE296A01024 BAJFINANCE 324996.53 BAJFINANCE 324843.5005 324920.02 11 Bharti Airtel Ltd. INE397D01024 BHARTIARTL 299981.36 BHARTIARTL 299955.7729 299968.57 12 HCL Technologies Ltd INE860A01027 HCLTECH 261400.46 HCLTECH 261392.0109 261396.24 13 Wipro Ltd., INE075A01022 WIPRO 258617.45 WIPRO 261102.3994 259859.92 14 ITC Ltd INE154A01025 ITC 259423.16 ITC 259396.0648 259409.61 15 Asian Paints Ltd. INE021A01026 ASIANPAINT 253487.28 ASIANPAINT 253454.4536 253470.87 16 AXIS Bank Ltd.
    [Show full text]
  • FTSE India 30/18 Capped
    2 FTSE Russell Publications 19 August 2021 FTSE India 30/18 Capped Indicative Index Weight Data as at Closing on 30 June 2021 Constituent Index weight (%) Country Constituent Index weight (%) Country Constituent Index weight (%) Country 3M India 0.1 INDIA Glenmark Pharmaceuticals 0.14 INDIA Oil India Ltd 0.07 INDIA ABB India 0.13 INDIA GMR Infrastructure 0.1 INDIA Oracle Financial Services Software 0.12 INDIA ACC 0.24 INDIA Godrej Consumer Products 0.45 INDIA Page Industries 0.24 INDIA Adani Enterprises 0.57 INDIA Godrej Industries 0.07 INDIA Petronet LNG 0.24 INDIA Adani Gas 0.4 INDIA Godrej Properties 0.18 INDIA PI Industries 0.3 INDIA Adani Green Energy 0.63 INDIA Grasim Industries 0.82 INDIA Pidilite Industries 0.47 INDIA Adani Ports and Special Economic Zone 0.77 INDIA Gujarat Gas 0.19 INDIA Piramal Enterprises 0.41 INDIA Adani Power 0.15 INDIA Havells India 0.34 INDIA Power Finance 0.21 INDIA Aditya Birla Capital 0.08 INDIA HCL Technologies 1.52 INDIA Power Grid Corp of India 0.78 INDIA Alkem Laboratories 0.11 INDIA HDFC Asset Management 0.27 INDIA Punjab National Bank 0.06 INDIA Ambuja Cements 0.33 INDIA HDFC Life Insurance Company 0.63 INDIA Rajesh Exports 0.11 INDIA Apollo Hospitals Enterprise 0.51 INDIA Hero MotoCorp 0.54 INDIA RBL Bank 0.13 INDIA Ashok Leyland 0.25 INDIA Hindalco 0.75 INDIA REC 0.2 INDIA Asian Paints 1.92 INDIA Hindustan Aeronautics 0.05 INDIA Reliance Industries 9.35 INDIA Astral 0.25 INDIA Hindustan Petroleum 0.3 INDIA Reliance Industries - Partly Paid 0.36 INDIA AU Small Finance Bank 0.23 INDIA Hindustan
    [Show full text]