JOINDRE CAPITAL SERVICES LTD. SEBI REGN NO. INH000002061 / INB 230766739 / INB 011107555 DAILY REPORT 29th May 2018 RBI to hold states bond, term repo, reverse repo auctions; Bharat Heavy, Bharat Petroleum, Coal India, Mahindra & Mahindra, Power Grid Corp., Glenmark Pharma among companies reporting earnings; Commerce Minister Suresh Prabhu, Power Minister R.K. Singh to speak. WHAT TO WATCH: * Sexual Violence is Holding Back the Rise of India’s Economy * India, Indonesia Are Among Asia’s Most Debt Risky Nations * Judging by First, Does Modi Deserve Second Term?: Mihir Sharma * Regulator Unearths $7b of Bad Loans at Big Indian Banks * India Panel Approves Procurement of Equipment for Defence Forces * Piramal Enterprises Looking to Acquire Debt From Local Lenders * Sanctum Prefers India Company Bonds Over Govt on Conducive Macro * NCLAT to Hear Appeals Against NCLT Order in Bankruptcy Case of RCom * Global Funds Buy Net INR12.5b of India Equity Derivatives Monday ** Global Funds Sell Net INR7.95b of India Stocks on Monday: NSE ** Overseas Investors Turn Net Seller of Indian Equities This Year ** Global Funds Add to Korean, Thailand Bonds; Reduce Indian Debt * Uber Names India Head Amit Jain APAC Regional General Manager * Yen Climbs as Treasury Yields Drop; Stocks Mixed * Many Southeast Asian markets, including Singapore, Indonesia, Malaysia and Thailand are closed Tuesday MEDIA REPORT: * India Moving Toward 6.7% Eco Growth ’17-18, Garg Tells CNBC- TV18 * Binani Cement Lenders Are Said to Approve UltraTech’s Bid: BTVI GOVERNMENT: * 10am: New Delhi. MSME Secretary Arun Kumar Panda at PHD Chamber session on ‘Marketing Opportunities in Govt Procurement Program for Indian MSMEs’ * 10:30am: New Delhi. Commerce Minister Suresh Prabhu at FICCI conference on ‘Promoting Scientific interventions for Transforming India through CSR’ * 3pm: New Delhi. R.K. Singh, MoS for power to launch App for transparency in power payments to generators “PRAAPTI” * 4:30pm: Gurugram. HI&PE Minister Anant Geete at inauguration of facilities under NATRIP at ICAT CENTRAL BANK: * RBI to conduct 100b rupees 7-day variable rate reverse repo auction * Ten Indian State governments offer to sell INR77.75b bonds today * RBI to conduct 225b rupee 14-day term repo auction * India to Sell Five Dated Securities for 120B Rupees on June 1: RBI OFFERING: * JM Financial Public Bonds Over-Subscribed 5.3 Times on Day 1 JOINDRE CAPITAL SERVICES LTD. SEBI REGN NO. INH000002061 / INB 230766739 / INB 011107555 EARNINGS: (net income adj. ests. in INR where available) * Ashoka Buildcon (ASBL) 4Q 640m (12 Analysts) * Balmer Lawrie (BLCL) 4Q * Bharat Electronics (BHE) 7.55b (8) * Bharat Heavy (BHEL) 4.62b (16) * Bharat Petroleum Corp. (BPCL) 21.5b (18) * Coal India (COAL) 4Q 43.4b (9) * Dilip Buildcon (DBL) 4Q 2.35b (7) * Dish TV India (DITV) 4Q -39.6m (12) * Eveready Industries (EVRIN) 4Q 152m (3) * Force Motors (FML) 4Q * Gati Ltd. (GTIC) 4Q * Glenmark Pharma (GNP) 4Q 1.94b (17) * Godfrey Phillips (GP) 4Q * Greenply Industries (MTLM) 4Q 364m (7) * Himadri Speciality (HSCH) 4Q * IL&FS Transportation (ILFT) 4Q * Indian Overseas Bank (IOB) 4Q * Ipca Lab (IPCA) 4Q 843m (3) * J Kumar Infraprojects (JKIL) 4Q 472m (8) * Mahindra & Mahindra (MM) 4Q 10.5b (16) * Max India (MAXI) 4Q * MMTC (MMTC) 4Q * Narayana Hrudayalaya (NARH) 4Q 233m (4) * Power Grid Corp. (PWGR) 4Q 22.6b (13) * Prism Johnson (PRSMJ) 4Q 437m (8) * Sadbhav Engineering (SADE) 4Q 780m (14) * Suprajit Engineering (SEL) 4Q * Thomas Cook India (TC) 4Q * Titagarh Wagons (TWL) 4Q * Torrent Power (TPW) 4Q * Unichem Laboratories (UL) 4Q * Wheels India (WHL) 4Q BOND SALES: * Hinduja Leyland Finance Sold INR500m Tap of 2020 Bonds * IL&FS Plans INR3b Dual-Tranche Bonds Tuesday * Indiabulls Housing Sold INR2b May 2019 Bonds at 8.68% * Indostar Capital Sells INR500m 15-Month Bonds * Tata Capital Housing Plans to Sell INR2.6b Bonds CONFERENCES/CORPORATE EVENTS: * 8:30am: Aurobindo Pharma earnings call to discuss 4Q FY17-18 performance * 10:30am: New Delhi. KIA Motors Expansion and Suppliers Day Meet * 12pm: Bangalore. B Thiagarajan, joint MD of Blue Star, to launch the company’s new range of water purifiers * 2pm: New Delhi. Ganesh Kumar Gupta, president of FIEO, to discuss issues on India’s current & future trade scenario amidst domestic & global challenges JOINDRE CAPITAL SERVICES LTD. SEBI REGN NO. INH000002061 / INB 230766739 / INB 011107555 ANALYST ACTIONS: * Divi’s Laboratories Cut to Neutral at Phillip Secs * GAIL India Upgraded to Neutral at JPMorgan; PT 330 Rupees * Larsen Upgraded to Overweight at JPMorgan; PT 1,585 Rupees * NALCO Upgraded to Outperform at Batlivala & Karani; PT 89 Rupees * NESCO Rated New Buy at East India Securities; PT 745 Rupees * Sudarshan Chemical Cut to Hold at Edel Invest Research * Thanga Mayil Jewellery Rated New Buy at Phillip Secs MARKETS: * S&P 500 -0.2% to 2,721.33 Friday ** U.S. markets were closed Monday * STOXX Europe 600 -0.3% to 389.82 * MSCI Asia Pacific Index -0.2% to 173.29 * Global Commodity Prices Overview ** Gold spot +0.1% to $1,299.63/oz ** Brent futures +0.2% to $75.48/bbl * SGX Nifty futures for May delivery -0.2% to 10,651.00 ** Sensex +0.7% to 35,165.48 ** Nifty +0.8% to 10,688.65 * Yield on 7.17% bonds maturing Jan 2028 at 7.74% on May 28 * INR up 0.5% to 67.43/USD * Rupee Adds to Friday’s Rally as Crude Oil Eases: Inside India EQUITY PREVIEW: * Apollo Sindoori (APOL): To split each shares into two * Aurobindo Pharma (ARBP): 4Q net income 5.29b rupees, misses est. 6.07b * Coal India (COAL): Lowers FY19 output, shipment aims to 630m tons each * Cox & Kings (COXK): 4Q net income 55m rupees vs 200.4m year ago * Dredging Corp. (DCIL): 4Q net income 171.1m rupees vs 37.4m year ago * Indo Rama Synthetic (IRS): 4Q loss 302.9m rupees, revenue 5.2b * Larsen & Toubro (LT): 4Q net income 31.7b rupees, beats est. 29.95b * NHPC (NHPC): 4Q net income 1.89b rupees, beats est. 1.17b * NMDC (NMDC): 4Q net income 11.1b rupees, misses est. 12.9b * NTPC (NTPC): Says it added 4GW commercial generation capacity in FY18 * Oil India (OINL): 4Q net income 8.67b rupees, matches estimates * Rural Electrification (RECL): 4Q net income 8.35b rupees, misses est. 12.9b * Shilpa Medicare (SLPA): 4Q profit 306.4m rupees vs 373.3m year ago * United Bank (UNTDB): 4Q loss 2.6b rupees; Gross NPA 24.1% * Vedanta (VEDL): Co. ordered to permanently shut India copper mill .