Are we out of the woods yet..?? Anand Rathi Research

Nifty

■     NIFTY (5345), till 5426 is not crossed on higher side which is a 76.4% retracement from 5629 to 4770, Nifty may face selling pressure till 5000 or 4850 levels as rising Wedge is formed. Nifty has held 200WMA 4849 multiple times and crossed 200DMA 5084 plays very important role. Market would maintain 4850-5400 as range as mentioned in previous few monthly report.

Sensex

■     SENSEX- (17618) has formed Dead Cross as per Dow Theory which is oldest theory of technical analysis which acts with lag impact. Dead Cross is 50DMA 16681 cutting 200DMA 16823 from above, as specified in previous report. Till Sensex does not cross 17800 it is expected to be in range bound ahead of result season as well. Sensex from 1990 has corrected every 2 years 1990, 1992, 1994, 1996, 1998, 2000, 2002, 2004, 2006, 2008 and 2010 and now we are in 2012?

How Infosys, TCS Q1 earnings fare against each other ::ET

ndian IT heavyweight Infosys has cut its sales forecast more deeply than expected after global economic uncertainty eroded tech spending, hitting both its shares and hopes for a second-half recovery. While Infosys's June quarter net profit rose 33 percent as expected, market leader Tata Consultancy Services exceeded forecasts by posting a 38 percent annual jump in quarterly profit.

TCS Q1 FY13 results: Ten important takeaways ::ET

The country's largest software services exporter, Tata Consultancy Services (TCS) on Thursday reported a 37.4 per cent rise in its fiscal first-quarter profit, helped by a weaker rupee and increase in demand for outsourcing. According to analysts the results are in line with estimates and not disappointing like Infosys Technologies. TCS posted net profit of Rs 3280 crore ($589 million) for the quarter ended in June, compared with Rs 2380 crore a year earlier. Revenue rose 37.7 per cent from a year earlier to Rs 1,4869 crore.

Infosys Q1 FY13 results: Ten important takeaways :ET

 Country's second largest software firm Infosys on Thursday reported a 32.92 per cent jump in consolidated net profit to Rs 2,289 crore for the first quarter ended June 30, 2012. 

The company had posted a net profit of Rs 1,722 crore for the April-June quarter of the previous fiscal (2011-12), Infosys said in a filing to the BSE.

TCS Q1 profit up 37%, beats forecast :Economic Times

Tata Consultancy Services Ltd, India's top software services exporter, reported revenues of Rs 14,869 crore up 37.7% year-on-year (Y-o-Y) and 12.1% quarter-on-quarter (Q-o-Q). The net profit stood at Rs 3,318 crore up 37.4% Y-o-Y and 14.6% Q-o-Q. The company's operating profits for the quarter is Rs 4,077 crore; growth of 44.3 per cent Y-o-Y and 10.8 per cent Q-o-Q.

Diesel prices may be hiked after presidential elections (July 19) :Economic Times

Diesel prices may be hiked after presidential elections on July 19 as the government plans to take bold measures to rein in run-away fiscal deficit.

"Price increase is inevitable. But date and time, nobody can say," a top oil ministry source said.

Diesel prices have not been raised since June 25 last year, and state-owned oil firms sell the fuel at a loss of Rs 10.33 a litre.

Category-Wise Turnover 12-Jul-12

Trade Date	Category	Buy Value in Rs.Crores	Sell Value in Rs.Crores
12-Jul-12	Mutual Funds	89.91	78.30	11.61
12-Jul-12	Proprietory Trades	60433.71	61992.55	-1558.84
12-Jul-12	Others	51129.12	50579.59	549.53
Notes :
1.  Buy / Sell value at the end of day:
Options Value (Buy/Sell) = Strike price * Qty
Futures Value (Buy/Sell) = Traded Price * Qty
2. Others exclude FIIs, Mutual Funds, Proprietory Trades

 

-- 

PL INDIA: HDFC - Upgrade to BUY - 25% ROEs v/s less than 3.0x book - Very Reasonable - BUY

PL INDIA

HDFC             BUY               

Q1FY13 Result Update - Upgrade to BUY - 25% ROEs v/s <3.0x book - Very Reasonable

We upgrade HDFC to ‘BUY’ from ‘Accumulate’ with a PT of Rs800/share as last two years of under perfomance (largely technical) has created a sweet spot for long-term investors. The mortgage business will continue to deliver +25% ROEs with ~20% growth and we believe valuations at <3.0x 1-yr fwd book is extremely reasonable. Q1FY13 margin and growth performance addresses concerns on competitive intensity and related growth pressures. We do not consider accounting issues very significant and any investor concerns are likely to get addressed as HDFC moves to IFRS accounting in H2FY13.

IIP - Improves, but weakness persists::Edelweiss Research

Industrial activity improved in May, expanding 2.4% YoY (vs the expectation of 2.2%) against a mild contraction of 0.9% in April. The pick-up was seen on sequential as well as YoY basis and across all industry segments. However, the level of industrial activity still remains sluggish with investments being particularly depressed. Few forward looking indicators - cement dispatches, PMI etc - do point towards some strength ahead, but a sustained turn-around would require a major improvement in the policy environment.  

Forthcoming - Public Issue of Shriram Transport Finance Company Ltd. NCD

Shriram Transport Finance Company Ltd is coming up with the public issue of Secured Non-Convertible Debentures aggregating upto Rs.300 Crores with an option to retain over-subscription upto Rs.300 Crores. The issue is expected to open from 26^th of July 2012.

May-12 IIP nos. at 2.4% (MOSL 1.7%) was above expectations. :Mr. Motilal Oswal,CMD, Motilal Oswal Financial Service

There were at least three positive takeaways of the data. Mining sector has turned positive (0.9%) after two consecutive months of decline. Similarly, intermediate goods too turned up (2.7%) after five  consecutive months of  decline. Third, consumer durables turned up sharply to 9.3% - a rapid acceleration from the two previous data of 1% in Mar-12 and 5% in Apr-12.

Most other subsectors recorded MoM improvement. Manufacturing went up to 2.5% from near no growth of 0.1% in Apr-12 as did the electricity sector that accelerated to 5.9% (from 4.6% in Apr-12).

Infosys - 1QFY13 Result Review (First Cut) - 12 Jun 2012(IFIN)

Huge negative surprise; USD revenue growth guidance cut to 5%

USD revenue decline of 1.1%QoQ – Huge negative surprise: Infosys revenue grew 8.6% QoQ to Rs96.1bn for Q1FY13 (upper guidance of Rs91bn) in rupee terms, whereas revenue dipped to USD1,752mn below guidance of USD1,771mn in USD terms. The EBIT margin dipped 190bps QoQ to 28%despite positive impact rupee depreciation and no salary hike in this quarter which is a huge concern.EPS dipped 1.9%QoQ to Rs40.1.

FII DERIVATIVES STATISTICS FOR 12-Jul-2012

FII DERIVATIVES STATISTICS FOR 12-Jul-2012
	BUY		SELL		OPEN INTEREST AT THE END OF THE DAY
	No. of contracts	Amt in Crores	No. of contracts	Amt in Crores	No. of contracts	Amt in Crores
INDEX FUTURES	57465	1501.54	74964	1917.06	577086	14633.56	-415.53
INDEX OPTIONS	607159	15857.36	528761	13880.51	1672779	43794.70	1976.85
STOCK FUTURES	40437	1130.63	59074	1610.39	972309	26100.53	-479.76
STOCK OPTIONS	62722	1806.49	65559	1890.35	63721	1819.80	-83.87
						Total	997.69

-- 

FII & DII trading activity across NSE and BSE 12-07-2012

Category	Buy	Sell	Net
	Value	Value	Value
FII	2470.46	2201.92	268.54
DII	841.76	1379.74	-537.98

 

-- 

Category-Wise Turnover 11-Jul-12

Trade Date	Category	Buy Value in Rs.Crores	Sell Value in Rs.Crores
11-Jul-12	Mutual Funds	30.27	31.17	-0.90
11-Jul-12	Proprietory Trades	38505.60	40141.71	-1636.11
11-Jul-12	Others	36892.24	34902.77	1989.47
Notes :
1.  Buy / Sell value at the end of day:
Options Value (Buy/Sell) = Strike price * Qty
Futures Value (Buy/Sell) = Traded Price * Qty
2. Others exclude FIIs, Mutual Funds, Proprietory Trades

 

-- 

NSE, Bulk deals, 12-Jul-2012

Date	Symbol	Security Name	Client Name	Buy / Sell	Quantity Traded	Trade Price / Wght. Avg. Price	Remarks
12-Jul-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	MULTIPLEX CAPITAL LTD.	BUY	26,699	423.69	-
12-Jul-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	MULTIPLEX CAPITAL LTD.	SELL	26,699	424.94	-
12-Jul-2012	KFA	Kingfisher Airlines Ltd.	LKP MERCHANT FINANCING LTD	SELL	100,00,000	10.41	-
12-Jul-2012	KFA	Kingfisher Airlines Ltd.	TRANSGLOBAL SECURITIES LTD.	BUY	84,99,127	10.45	-
12-Jul-2012	KFA	Kingfisher Airlines Ltd.	TRANSGLOBAL SECURITIES LTD.	SELL	84,49,127	10.46	-
12-Jul-2012	ONELIFECAP	Onelife Cap Advisors Ltd	CROSSEAS CAPITAL SERVICES PVT. LTD.	BUY	98,499	441.13	-
12-Jul-2012	ONELIFECAP	Onelife Cap Advisors Ltd	CROSSEAS CAPITAL SERVICES PVT. LTD.	SELL	98,499	441.10	-
12-Jul-2012	ONELIFECAP	Onelife Cap Advisors Ltd	MARWADI SHARES AND FINANCE LIMITED	BUY	71,785	437.70	-
12-Jul-2012	ONELIFECAP	Onelife Cap Advisors Ltd	MARWADI SHARES AND FINANCE LIMITED	SELL	71,785	437.91	-
12-Jul-2012	ONMOBILE	OnMobile Global Limited	CROSSEAS CAPITAL SERVICES PVT. LTD.	BUY	8,20,881	36.50	-
12-Jul-2012	ONMOBILE	OnMobile Global Limited	CROSSEAS CAPITAL SERVICES PVT. LTD.	SELL	8,20,881	36.69	-
12-Jul-2012	ONMOBILE	OnMobile Global Limited	GENUINE STOCK BROKERS PVT LTD	BUY	11,81,365	37.30	-
12-Jul-2012	ONMOBILE	OnMobile Global Limited	GENUINE STOCK BROKERS PVT LTD	SELL	11,81,365	37.31	-
12-Jul-2012	ONMOBILE	OnMobile Global Limited	GOLDMAN SACHS INVESTMENTS MAURITIUS I LTD	BUY	6,57,075	36.93	-
12-Jul-2012	ONMOBILE	OnMobile Global Limited	SOCIETE GENERALE	BUY	8,04,000	37.80	-
12-Jul-2012	ONMOBILE	OnMobile Global Limited	TRANSGLOBAL SECURITIES LTD.	BUY	9,80,927	37.56	-
12-Jul-2012	ONMOBILE	OnMobile Global Limited	TRANSGLOBAL SECURITIES LTD.	SELL	9,80,927	37.62	-
12-Jul-2012	RANKLIN	Ranklin Solutions Limited	MADHU SUDHAN GARLAPATI	BUY	44,297	7.30	-
12-Jul-2012	UBHOLDINGS	United Breweries (Holding	CROSSEAS CAPITAL SERVICES PVT. LTD.	BUY	3,97,914	93.99	-
12-Jul-2012	UBHOLDINGS	United Breweries (Holding	CROSSEAS CAPITAL SERVICES PVT. LTD.	SELL	3,97,914	94.17	-

BSE, Bulk deals, 12/7/2012

Deal Date	Scrip Code	Company	Client Name	Deal Type *	Quantity	Price **
12/7/2012	533090	EXCEL INFO	KARTIK MANAKCHAND RATHOD	B	177500	24.98
12/7/2012	531820	Finalysis Cred	DHARMENDRA HARILAL BHOJAK	B	30500	68.60
12/7/2012	531820	Finalysis Cred	DHARMENDRA HARILAL BHOJAK	B	34389	68.25
12/7/2012	524754	Gujarat Medi	TRUSHAR PARIMALBHAI SHAH	B	21000	61.46
12/7/2012	511682	IFL Promoters	PAWAN KUMAR SINGHAL HUF	B	50000	6.03
12/7/2012	511682	IFL Promoters	NORTH INDIA SECURITIES PVT LTD	S	50176	6.03
12/7/2012	531129	Inani Marbles	AJMERA SHARES TRADING PRIVATE LIMITED	B	25000	224.78
12/7/2012	523844	Invicta Meditek	CNB FINWIZ LIMITED	B	30000	28.45
12/7/2012	522101	Kilburn Engr	URMILA DOSHI	S	106484	28.84
12/7/2012	530497	Marvel Capital	LAKHMICHAND TIRATHDAS BATRA	B	25000	18.55
12/7/2012	530497	Marvel Capital	MAHAN TRADING PRIVATE LIMITED	S	25000	18.55
12/7/2012	511688	Mathew Easow	ANJANA PROJECTS LIMITED	B	231736	82.00
12/7/2012	511688	Mathew Easow	VAIDEESWARAN NARAYANAN AYYAR	S	264000	82.00
12/7/2012	511551	Networth Stock	INDO WEBSEC LTD	B	200000	22.50
12/7/2012	511551	Networth Stock	VARSHABEN SHAILESHBHAI GADHECHA	S	200000	22.50
12/7/2012	533632	Onelife Capital	CROSSEAS CAPITAL SERVICES PRIVATE LIMITED	B	98499	440.96
12/7/2012	533632	Onelife Capital	CROSSEAS CAPITAL SERVICES PRIVATE LIMITED	S	98499	441.35
12/7/2012	532944	Onmobile Global	CROSSEAS CAPITAL SERVICES PRIVATE LIMITED	B	809625	36.70
12/7/2012	532944	Onmobile Global	CROSSEAS CAPITAL SERVICES PRIVATE LIMITED	S	809625	36.54
12/7/2012	505525	Parichay Invest	MUNISH RASHMIKANT PATELL	B	8800	226.00
12/7/2012	505525	Parichay Invest	PATEL VIRENDRAKUMAR J	S	10000	226.00
12/7/2012	513403	PM Telelinnks	VIJAY BABULAL SHAH	B	60066	155.93
12/7/2012	531855	Prabhav Inds	NASEEN TRADELINK PRIVATE LIMITED	B	231102	2.98
12/7/2012	533411	Sanghvi Forging	VANTAGE FINANCIAL SERVICES PRIVATE LIMITED	S	65000	79.25
12/7/2012	530219	SHREEYASH	VIJAY JEEVAN PATEL	S	29374	28.61
12/7/2012	513515	SR Inds	ALKA GARG	B	74929	4.46
12/7/2012	513515	SR Inds	AVN CORPORATE RESEARCH PRIVATE LIMITED	S	78306	4.46
12/7/2012	533305	SRS Real Infra	BTL INVESTMENTS AND SECURITIES LTD	B	6603500	34.15
12/7/2012	533305	SRS Real Infra	SRS GLOBAL SECURITIES LTD	S	6603500	34.15
12/7/2012	507458	United Brew Hldg	CROSSEAS CAPITAL SERVICES PRIVATE LIMITED	B	397914	94.19
12/7/2012	507458	United Brew Hldg	CROSSEAS CAPITAL SERVICES PRIVATE LIMITED	S	397914	94.09
* B - Buy, S - Sell
** = Weighted Average Trade Price / Trade Price