Daimler AG’s (Daimler) Q2CY12 PAT at EUR1.4bn (down 11% YoY, up 6.7% QoQ) was in line with consensus estimate. Worldwide growth in car sales (up 3.6% YoY and 9.5% QoQ) was primarily driven by US and Asia, and that too by compact car and SUV segments. China sales, which had dipped in Q1CY12, recovered during the quarter, but growth was lower than peers (Audi, BMW). Rising discounts in China were also a major concern. The company expects growth momentum to continue on back of new launches. On the trucks front, NAFTA and Asia continued to support strong sales. Overall, Daimler expects growth momentum to continue in rest of CY12 in cars and trucks led by NAFTA and Asia regions.
27 July 2012
"Global Pulse" : Daimler AG - In line performance; CY12 guidance maintained : Edelweiss PDF link
Daimler AG’s (Daimler) Q2CY12 PAT at EUR1.4bn (down 11% YoY, up 6.7% QoQ) was in line with consensus estimate. Worldwide growth in car sales (up 3.6% YoY and 9.5% QoQ) was primarily driven by US and Asia, and that too by compact car and SUV segments. China sales, which had dipped in Q1CY12, recovered during the quarter, but growth was lower than peers (Audi, BMW). Rising discounts in China were also a major concern. The company expects growth momentum to continue on back of new launches. On the trucks front, NAFTA and Asia continued to support strong sales. Overall, Daimler expects growth momentum to continue in rest of CY12 in cars and trucks led by NAFTA and Asia regions.
TP: INR65 Buy JSW Energy-- Motilal oswal,
1QFY13 adjusted PAT higher than estimates: During 1QFY13 adjusted PAT stood at INR1.9b v/s our estimate of
INR1.6, consolidated PAT boosted by higher generation. JSWEL reported forex loss of INR2.3b pertaining MTM
on Buyer's credit availed from bank (USD442m as at Jun-12) towards coal imports and is marked at INR56/USD
as at June 2012. Subsidiaries performance was impacted by one-off charges as accelerated depreciation of
INR100m led to losses of INR200m at SACMH and at Jaigad transmission, company booked reversal of arrears
of INR240m. Raj West recorded improvement in performance with PAT loss INR100m for 1QFY13, vs ~INR450m
YoY.
Repay education loan on time :: Business Line
Defaulting on repayment pulls down your credit score which may affect employment options.
Nitin completed his MBA last year from a reputed management institute and bagged a job with an esteemed corporate. Nitin applied for a home loan and was confident that it will get sanctioned within a week. To his surprise he was informed that his application has been rejected on the basis of his credit report and low credit score.
Karur Vysya Bank- Target Price: ` 512 Buy ::Dolat
In FY12, Karur Vysya Bank (KVB) reported healthy performance even in
on-going turbulent times on the back of healthy margin of 2.9% and robust
growth in fee income. Followings are key observations in KVB’s annual
report
KVB’s management key focus area in FY13: The bank’s management
indicated that the major thrust areas for FY13 would be improvement in CASA
ratio, improvement in asset quality and recoveries of NPAs, further broadening
of fee income and increasing footprints to have a better pan India coverage
Polaris Financial Technology --Investment in product = weaker margin outlook :Prabhudas Lilladher,
Polaris Software Lab (Polaris) reported revenues ahead of expectation; however,
investment in R&D resulted in weaker margin. The management has guided for an
EPS of Rs25.5 (~15% YoY growth). We expect stress in the BFSI sector globally to
have a bearing on the financial performance of the company. Moreover, continued
investment in the product would put further pressure on the margin outlook. We cut
our rating to “Accumulate” (from BUY), with a revised target price of Rs150.
‘SIPs are not for the short-term’ :: Business Line
I currently invest Rs 5,000 in each of the following funds: Fidelity Equity, HDFC Top 200, IDFC Premier Equity, HDFC Mid Cap Opportunities.
Except Fidelity Equity where I have been investing for 15 months now, in all other schemes I started the process only from January this year.
I will need Rs 50 lakh in the next 9-10 years and would like to know if I am proceeding in the right direction. I am especially concerned about Fidelity. Ought I to go for alternatives?
Ashish Pathak
24 July: Morning News (click on link to read article): IFCI Financial Services Limited
Morning News (click on link to read article)
Economic Times
|
Business Standard
| |
Business Line
|
Mint
| |
Financial Express
|
Financial Chronicle
| |
(Click on link to view article)
Thanks and Regards
IFIN: IFCI Financial Services Limited
SGX Nifty 5,147.00 +59.50 (Singapore exchange) Indian Markets to open UP today
SGX Nifty 5,147.00 +59.50 (Singapore exchange)
8:56 AM India time
27 July
Indian Markets to open UP today
IDEA CELLULAR Unyielding focus on volume impacts pricing :Edelweiss,
IDEA CELLULAR
Unyielding focus on volume impacts pricing
Idea Cellular (IDEA) reported a disappointing performance for Q1FY13. The
revenue growth at 2.5% QoQ was lower than estimates since voice RPM
declined by 2.7% QoQ. While MOU remained flat QoQ at 379 minutes, the
decline in RPM and ARPU seems to suggest that Idea is chasing poor quality
customers. The RPM decline also led to a drop in EBITDA margin of 180bps
QoQ, indicating lower operating leverage. The slowdown in subscriber
addition in June 2012 seems to suggest that it is no longer focusing on only
market share. We are revising our FY13 EBITDA by 6% and earnings by 19%.
At 6.2x FY13 EV/EBITDA, we maintain ‘BUY’, but prefer Bharti as the
regulatory impact has not been discounted fully yet in Idea.
FII & DII trading activity across NSE and BSE 26-07-2012
| Buy | Sell | Net | |
| Value | Value | Value | |
| FII | 2831.49 | 4012.19 | -1180.7 |
| DII | 1634.25 | 1211.55 | 422.7 |
--
FII DERIVATIVES STATISTICS FOR 26-Jul-2012
| FII DERIVATIVES STATISTICS FOR 26-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 | 156443 | 3958.32 | 173018 | 4400.39 | 440722 | 11112.43 | -442.06 |
| INDEX OPTIONS | 528122 | 13395.11 | 509138 | 12969.42 | 1119041 | 28216.55 | 425.70 |
| STOCK FUTURES | 251966 | 6431.63 | 253858 | 6510.72 | 880667 | 22427.89 | -79.09 |
| STOCK OPTIONS | 24935 | 679.11 | 21929 | 588.78 | 8897 | 217.87 | 90.33 |
| Total | -5.13 | ||||||
--
NSE, Bulk deals, 26-Jul-2012
| Date | Symbol | Client Name | Buy / Sell | Quantity Traded | Wght. Avg. Price | Remarks | |
| BAJAJHIND | Bajaj Hindusthan Ltd | BARCLAYS CAPITAL MAURITIUS LTD | SELL | 35,14,000 | 31.23 | - | |
| BALRAMCHIN | Balrampur Chini Mills | AMRABATHI INVESTRA PVT LTD | SELL | 13,00,000 | 55.05 | - | |
| BALRAMCHIN | Balrampur Chini Mills | BARCLAYS CAPITAL MAURITIUS LIMITED | BUY | 20,12,000 | 55.20 | - | |
| BEML | BEML Limited | MACQUARIE BANK LIMITED | SELL | 2,54,560 | 325.36 | - | |
| EDUCOMP | Educomp Solutions Limited | PACE STOCK BROKING SERVICES PRIVATE LIMITED | BUY | 1,82,060 | 153.01 | - | |
| EDUCOMP | Educomp Solutions Limited | PACE STOCK BROKING SERVICES PRIVATE LIMITED | SELL | 6,45,930 | 153.36 | - | |
| EVERONN | Everonn Education Limited | NEELANCHAL MERCANTILE PRIVATE LTD | SELL | 1,25,075 | 142.33 | - | |
| FLEXITUFF | Flexituff Inter Limited | CSA HOLDINGS PVT LTD | BUY | 1,20,000 | 205.50 | - | |
| FLEXITUFF | Flexituff Inter Limited | CSA HOLDINGS PVT LTD | SELL | 50,000 | 205.02 | - | |
| FLEXITUFF | Flexituff Inter Limited | JAROLI VINCOM PVT LTD | SELL | 1,20,000 | 205.50 | - | |
| IFCI | IFCI Ltd. | BARCLAYS CAPITAL MAURITIUS LIMITED | SELL | 58,08,000 | 35.12 | - | |
| IRB | IRB Infrastructure Develo | MACQUARIE BANK LIMITED OBU | BUY | 934 | 118.00 | - | |
| IRB | IRB Infrastructure Develo | MACQUARIE BANK LIMITED OBU | SELL | 18,83,934 | 117.16 | - | |
| IVRCLINFRA | IVRCL Limited | GOLDMAN SACHS INVESTMENTS MAURITIUS I LTD | BUY | 24,00,000 | 43.99 | - | |
| LITL | Lanco Infratech Limited | SUNTECK WEALTHMAX CAPITAL PRIVATE LIMITED | BUY | 219,37,591 | 12.41 | - | |
| LITL | Lanco Infratech Limited | SUNTECK WEALTHMAX CAPITAL PRIVATE LIMITED | SELL | 208,02,063 | 12.41 | - | |
| MTNL | Maha Tel Nigam Ltd. | ADROIT FINANCIAL SERVICES PRIVATE LIMITED | BUY | 16,58,961 | 29.31 | - | |
| MTNL | Maha Tel Nigam Ltd. | ADROIT FINANCIAL SERVICES PRIVATE LIMITED | SELL | 13,19,324 | 29.49 | - | |
| MTNL | Maha Tel Nigam Ltd. | ANTIQUE STOCK BROKING LTD. | SELL | 19,60,000 | 29.51 | - | |
| MTNL | Maha Tel Nigam Ltd. | CPR CAPITAL SERVICES LTD. | BUY | 17,66,218 | 29.09 | - | |
| MTNL | Maha Tel Nigam Ltd. | CPR CAPITAL SERVICES LTD. | SELL | 17,26,257 | 29.51 | - | |
| MTNL | Maha Tel Nigam Ltd. | JAYNEEL SECURITIES PRIVATE LIMITED | BUY | 59,71,297 | 30.33 | - | |
| MTNL | Maha Tel Nigam Ltd. | JAYNEEL SECURITIES PRIVATE LIMITED | SELL | 49,05,292 | 30.34 | - | |
| MTNL | Maha Tel Nigam Ltd. | MACQUARIE BANK LIMITED OBU | SELL | 17,28,315 | 29.69 | - | |
| MTNL | Maha Tel Nigam Ltd. | SANDEEP SATISH SABOO | BUY | 41,51,557 | 30.45 | - | |
| MTNL | Maha Tel Nigam Ltd. | SANDEEP SATISH SABOO | SELL | 38,80,696 | 29.87 | - | |
| MTNL | Maha Tel Nigam Ltd. | SUR MANGAL HOLDINGS PRIVATE LIMITED | BUY | 40,85,768 | 29.93 | - | |
| MTNL | Maha Tel Nigam Ltd. | SUR MANGAL HOLDINGS PRIVATE LIMITED | SELL | 10,39,893 | 29.67 | - | |
| ORCHIDCHEM | Orchid Chemicals Ltd. | MACQUARIE BANK LIMITED | SELL | 4,18,000 | 109.70 | - | |
| PIPAVAVDOC | Pipavav Def & Offshr Eng | NEELANCHAL MERCANTILE PVT LTD | BUY | 35,00,000 | 62.41 | - | |
| PRAJIND | Praj Industries Ltd | CREDIT SUISSE (SINGAPORE) LIMITED A/C CREDIT SUISSE (SINGAP | BUY | 22,62,999 | 53.02 | - | |
| PRAJIND | Praj Industries Ltd | NORGES BANK ON ACCOUNT OF THE GOVERNMENT PENSION FUND GLOBAL | SELL | 11,06,339 | 53.02 | - | |
| PRAJIND | Praj Industries Ltd | VERDIPAPIRFONDET DNB NOR GLOBALEMERGING MARKETS | SELL | 9,52,567 | 53.02 | - | |
| RENUKA | Shree Renuka Sugars Limit | MACQUARIE BANK LIMITED | BUY | 3,92,000 | 31.06 | - | |
| RENUKA | Shree Renuka Sugars Limit | MACQUARIE BANK LIMITED | SELL | 44,89,594 | 31.32 | - | |
| SELMCL | SEL Manufacturing Company | SYNDICATE NIRMAN PVT.LTD. | BUY | 23,13,799 | 6.72 | - | |
| SELMCL | SEL Manufacturing Company | SYNDICATE NIRMAN PVT.LTD. | SELL | 16,65,412 | 6.72 | - | |
| SIMBHSUGAR | Simbhaoli Sugars Limited | VIVEK LAKSHMINATH MEHROTRA | BUY | 2,00,000 | 31.50 | - | |
| SINTEX | Sintex Industries Ltd. | GOLDMAN SACHS INVESTMENTS MAURITIUS I LTD | BUY | 20,00,000 | 57.98 | - | |
| SINTEX | Sintex Industries Ltd. | MACQUARIE BANK LIMITED | SELL | 35,96,000 | 57.94 | - | |
| SUMEETINDS | Sumeet Ind Limited | ACG ASSOCIATED CAPSULES PVT LTD | SELL | 3,42,046 | 15.40 | - | |
| TULIP | Tulip Telecom Limited | CROSSEAS CAPITAL SERVICES PVT. LTD. | BUY | 21,36,282 | 83.75 | - | |
| TULIP | Tulip Telecom Limited | CROSSEAS CAPITAL SERVICES PVT. LTD. | SELL | 21,25,417 | 83.78 | - | |
| TULIP | Tulip Telecom Limited | GENUINE STOCK BROKERS PVT LTD | BUY | 7,63,849 | 83.64 | - | |
| TULIP | Tulip Telecom Limited | GENUINE STOCK BROKERS PVT LTD | SELL | 7,63,849 | 83.74 | - | |
| TULIP | Tulip Telecom Limited | MARWADI SHARES AND FINANCE LIMITED | BUY | 7,75,737 | 83.31 | - | |
| TULIP | Tulip Telecom Limited | MARWADI SHARES AND FINANCE LIMITED | SELL | 7,75,737 | 83.59 | - | |
| WELCORP | Welspun Corp Limited | BARCLAYS CAPITAL MAURITIUS LIMITED | SELL | 12,50,000 | 106.56 | - | |
| WELCORP | Welspun Corp Limited | GOLDMAN SACHS INVESTMENTS MAURITIUS I LTD | BUY | 14,90,000 | 106.92 | - |
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