05 June 2012

Bajaj Auto (BJAUT IN) N: Growth in the slow lane  HSBC Research


Bajaj Auto (BJAUT IN)
N: Growth in the slow lane
 Weak market conditions coupled with market share losses
affect growth
 Margins could come under pressure as well in FY13, owing
to a weak outlook for three wheelers and premium bikes
 Maintain Neutral rating; cut TP to INR1,700 (from INR1,745)


Engineering & Capital Goods - Still under the clouds; monthly update: Edelweiss PDF link


Monthly highlights: What’s inside?
·       Q4FY12 earnings qualitative review.
·       Management interactions.
·       Key highlights from analyst meet / concall.
·       Key highlights/ news for companies/ sector.
·       Key macro trends.

FII DERIVATIVES STATISTICS FOR 05-Jun-2012



FII DERIVATIVES STATISTICS FOR 05-Jun-2012 
 BUYSELLOPEN INTEREST AT THE END OF THE DAY 
 No. of contractsAmt in CroresNo. of contractsAmt in CroresNo. of contractsAmt in Crores 
INDEX FUTURES531671271.5941013986.073239807666.62285.52
INDEX OPTIONS47989711503.6746638511148.71152461737061.72354.96
STOCK FUTURES490111169.7038532890.5888096720372.52279.12
STOCK OPTIONS24902621.4624232604.2929591712.3417.17
      Total936.77


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FII & DII trading activity across NSE and BSE 05-06-2012


CategoryBuySellNet
ValueValueValue
FII1193.741874.6
-680.86
DII1400.18605.53794.65
 
 

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Colgate-Palmolive (India) Sell Target Price: Rs1,023 :Centrum



Colgate-Palmolive (India)

Sell
Target Price: Rs1,023
CMP: Rs1,139         
Downside: 10%
Strong volume growth continues
Colgate-Palmolive posted strong 18% revenue growth in Q4FY12 on the back of 13% volume growth in its core toothpaste category. Higher gross margins led to margin expansion and strong 15% PAT growth. We believe premium valuations are not sustainable and hence maintain SELL on the stock.  


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5 June: Edelweiss Technical Reflection (ETR)


Edelweiss Technical Reflection (ETR)
Indian markets managed to outperform their Asian peers that were down >2% by closing with a marginal gain. After opening with a gap down, the index broke below the three week low of 4788 and started to recover and at the end manage to close the earlier bearish gap and close in the green. The smart recovery in yesterday’s session has mitigated immediate downside risks and could possibly extend higher towards the resistance level of 4900. Volumes were at an average and the market breadth although in favour of declines improved substantially from an earlier weak reading. Volatility, tracked by the India VIX dived below 26 after an intraday spike utpo 29 indicates a temporary reversal. Nifty has taken support near the lower boundary of a downward sloping trend channel of 4745 and with daily MACD trading with a buy crossover we could see a gradual recovery towards 4900 and potentially get into a small trading range as well. Fresh downside will come only on break of 4745 which could risk taking the index towards 4645 (minor bullish gap of January 2012).
Trend among the sectoral indices was mixed as gains were witnessed in high beta Cap Goods (+2%), Realty (+1.35%) and Oil & Gas (+1.17%) indices, whereas cuts were seen in stocks from FMCG (-1.5%), Metals (-0.60%) and Healthcare (-0.54%) indexes. The Mid-cap and Small-cap indices underperformed the frontline index with losses of 0.21% and 0.23% respectively.

Bullish Setups: LT, HPCL, BPCL, DLF
Bearish Setups: DRRD, LICHF, BHEL, APNT, CAIR

Regards,



Stocks in News : 5 June: Edelweiss



Stocks in News
Incumbents must pay new 2G price: DoT (ET)
Warburg Pincus to buy 70% stake in Biyani`s Future Capital Holdings (ET)
Hero MotoCorp lines up INR 25.75bn investment to increase capacity (ET)
Decision on Coal consortium today; Steel Minister to review joint ventures; CIL and NTPC plan to exit the PSU alliance (ET)
Govt may announce sops for exporters in FTP today (ET)
Finance Ministry looking raise excise duty on diesel vehicles (ET)
EIH ltd arm to raise INR 1.10bn via rights issue (BS)
CIL asks arms to sign FSAs with power units (BS)
Govt proposes cut in jet fuel taxes (MINT)
ITC to raise food prices as weak rupee threatens profit margin (MINT)
PNGRB may move SC, Indraprastha seen fine (DNA)



NSE, Bulk deals, 5-Jun-2012


DateSymbolSecurity NameClient NameBuy / SellQuantity TradedTrade Price /
Wght. Avg.
Price
Remarks
05-Jun-2012ARSSINFRAARSS Infra Proj. LtdIFCI LTD.SELL1,13,68457.16-
05-Jun-2012FCHFuture Capital Holdings LRAJASTHAN GLOBAL SECURITIES LTDBUY7,16,108150.83-
05-Jun-2012HDILHousing Development and IGENUINE STOCK BROKERS PVT LTDBUY21,89,58264.73-
05-Jun-2012HDILHousing Development and IGENUINE STOCK BROKERS PVT LTDSELL21,89,58264.73-
05-Jun-2012SADBHAVSadbhav Engineering LimitWELLINGTON MANAGEMENT COMPANY LLP AC BAY POND MBSELL9,04,860120.00-



BSE, Bulk deals, 5/6/2012


Deal DateScrip CodeCompanyClient NameDeal Type *QuantityPrice **
5/6/2012512608Bhandari HosANUBHAV KACKERB6000047.24
5/6/2012511672Clarus FinanceGRD FINANCE PRIVATE LIMITEDB10000022.74
5/6/2012500142FGPUNIVERSAL INDUSTRIAL FUND LIMITEDB2250002.62
5/6/2012500142FGPRPG CELLULAR INVESTMENTS & HOLDINGS P LTDS2250002.62
5/6/2012531820Finalysis CredPANKAJ JAYANTILAL DAVEB3261062.00
5/6/2012532938Future CapitalRAJASTHAN GLOBAL SECURITIES LTDB373210150.91
5/6/2012514394Gee El WoollensZAYAT CONSTRUCTION PRIVATE LIMITEDB10000033.96
5/6/2012514394Gee El WoollensKIRATI PRAFULLKUMAR SHAHS4000033.99
5/6/2012514394Gee El WoollensPANKAJKUMAR PARASMAL PAREKHS6000033.94
5/6/2012530547KEN Fin ServS UTTAMCHANDB21300857.00
5/6/2012530547KEN Fin ServYOKE COMMODITIES PRIVATE LIMITEDS14900057.00
5/6/2012530547KEN Fin ServYOKE SECURITIES LIMITEDS7300857.00
5/6/2012590117Mahaveer Infoway-$RAMAVADH JANGU YADAVB3761016.17
5/6/2012590117Mahaveer Infoway-$RAMAVADH JANGU YADAVS4933116.20
5/6/2012516007Mangalam TimbCIRCLE TRACOM PRIVATE LIMITEDB30000030.50
5/6/2012516007Mangalam TimbLOK PRAKASHAN LIMITEDS30000030.50
5/6/2012530497Marvel CapitalMAHAN TRADING PRIVATE LIMITEDS4378521.00
5/6/2012532986Niraj CementLIBRA TECHCON LIMITEDS19231611.67
5/6/2012531694Rainbow FoundSURUCHI TIE UP PRIVATE LIMITEDB7260013.52
5/6/2012531207Raymed LabsSUNDEEP CREDITS PVT LTDB7199828.35
5/6/2012531695SHREYCHEMSANGITABEN HITESHBHAI RUPARELIYAB3463861.92
5/6/2012531695SHREYCHEMVORA BHAVIK PRAFULCHANDRAS5200062.11
5/6/2012531695SHREYCHEMSANGITABEN HITESHBHAI RUPARELIYAS3852860.19
5/6/2012504973Tube InvestGAGANDEEP CREDIT CAPITAL PRIVATE LIMITEDB1800000135.00
5/6/2012504973Tube InvestMARUICHI STEEL TUBE LIMITEDS1803000135.00
5/6/2012590111VAISHNAVISAI NITHISHA PARVATHANENIB1805255.35
5/6/2012590111VAISHNAVIB SREEDHAR PRASADS1206445.05
5/6/2012531874Venus Power VenturesDHANA ENERGY PRIVATE LIMITEDB10000024.43
* B - Buy, S - Sell
** = Weighted Average Trade Price / Trade Price



Dabur - Targeting premium growth : Edelweiss PDF link


A good monsoon doesn't always mean lower commodity prices: Business Line


Q4FY12 Result Review - Optically bright, operationally dim: Edelweiss PDF link


Sales Traders Commentary : 5 June: Edelweiss



Sales Traders Commentary
On Monday, the Indian equity market ended on a flat note with positive bias, after recovering from the day’s low on back of some bargain hunting and profit taking by shorts. The up move was also supported by mild gains in the rupee. Both Sensex and Nifty gained marginally 0.15% each. Capital goods, realty, oil&gas and auto stocks gained while consumer durables, FMCG, metal and IT stocks traded lower.  

While the Sensex closed at 15988, up 24 points, the Nifty jumped 07 points to end the day at 4848. Major gainers were Larsen & Toubro (3.43%), Oil & Natural Gas Corporation (3.19%), D L F (1.97%), Tata Motors (1.89%), Reliance Industries (1.31%), and Hero Honda Motors (1.16%).  Major losers were G A I L (India) (3.47%), Jindal Steel & Power (2.72%), Tata Power Company (2.49%), Bharti Airtel (2.31%), Sterlite Industries (India) (2.30%) and Hindustan Unilever (1.55%). The Capital Goods index jumped 2.08%. Major gainers were A B B (1.43%), Bharat Electronics (1.16%), Havell`s India (1.04%), Crompton Greaves (0.83%) and Bharat Heavy Electricals (0.17%).

The Consumer Durables index slipped 2.92%. Major losers were Titan Industries (5.21%), Bajaj Electricals (3.11%), Blue Star (2.14%), Videocon Industries (0.53%) and Rajesh Exports (0.15%). The FMCG index was down 1.53%. Major losers were Colgate-Palmolive (India) (3.93%), Godrej Consumer Products (2.35%), Hindustan Unilever (1.55%), I T C (1.54%) and Dabur India (0.73%). The Metal index slipped 0.6%. Major losers were Jindal Steel & Power (2.72%), Sesa Goa (2.15%), Hindalco Industries (0.95%), Hindustan Zinc (0.69%) and Coal India (0.47%). Major losers in the mid–cap space were Aban Offshore (5.08%), Allcargo Logistics (1.65%), Alstom Projects India (0.99%), CORE Education and Technologies (0.7%) and A I A Engineering (0.5%). Major losers among small caps were Aanjaneya Lifecare (3.1%), Trident (1.66%), A B G Infralogistics (0.6%), Action Construction Equipment (0.53%) and Styrolution ABS (India) (0.02%). Globally, Asian indices ended on a lower note while European indices were trading mixed.


‘Indians are ready for fee-based advice' ::. Mr Bimal Gandhi, Chairman of Ameriprise India in Business Line


UTI Mastershare: Invest ::Business Line


TCI - Q4FY12 Result update - Centrum


June 5: Business News Tablet (click on link to read article) IFCI Financial Services Limited


Lovable Lingerie: Buy: Business Line


SGX Nifty 4,857.00 +7.00 (Singapore exchange) Indian Markets to open UP today