market news...ashok leyland february sales increase 0.4%, mhcv segment reports 3% decline ashok...
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MARKET-HUB
Nifty snaps 3-day fall, Sensex gains
196 pts; Midcap, Smallcap indices
outshine
The market snapped its three-day
losing streak and closed half a percent
higher, but the broader markets staged
smart show on strong breadth.
The 30-share BSE Sensex rallied
196.37 points to 36,063.81 and the
Nifty50 gained 71 points at 10,863.50.
Rupee drops 20 paise to 70.92
At the Interbank Foreign Exchange
(forex) market, the rupee opened lower
at 70.75 and fell further to touch the
day's low of 70.99.
It finally ended at 70.92 per dollar,
down by 20 paise against its previous
close.
Ashok Leyland February sales
increase 0.4%, MHCV segment
reports 3% decline
Ashok Leyland, country's second
largest commercial vehicle maker, sold
18,245 units in February 2019 which
increased only 0.4 percent over 18,181
units sold in same month last year
driven by LCV segment.
Maruti Suzuki February sales miss
estimates, down 0.8% to 1.48 lakh
units
Maruti Suzuki India continued to
disappoint street as the company sold
1.48 lakh units in February, registering
a 0.8 percent decline compared to 1.49
lakh units sold in same month last
year.
Bajaj Auto February sales grow
10% driven by exports, beat
expectations
Two-wheeler maker Bajaj Auto
reported strong sales growth for
February, which also beat analyst
expectations.
The automobile company sold 3.93
lakh units in month gone by,
registering a 10 percent growth over
3.57 lakh units sold in same month last
year, driven by exports.
GST collections drop to Rs 97,247
crore in February
GST collections in February dropped
to Rs 97,247 crore in February from
Rs 1.02 lakh crore in the previous
month, the Finance Ministry said on
March 1.
GDP growth slows to 5-quarter low
of 6.6%
The country’s economic growth
slowed to a five-quarter low in the
October-December period of 2018-19
and the Central Statistics Office
(CSO) also revised downwards the
growth estimates for the current fiscal
year to 7% from the earlier 7.2%.
NEWS LETTER
Beyond Research,
Beyond Advice
2nd March 2019
Issue – 338
Market News
MARKET-HUB
Corporate Action
Company Name Type
& Percentage
Record Date Ex-Date
Bonus Wipro Bonus Ratio (1:3) 07-03-2019 06-03-2019
Akash Infraproj Bonus Ratio (1:1) 08-03-2019 07-03-2019 Splits ISL Consulting New FV 5 - 08-03-2019
Dividend ACC Final (140%) - 05-03-2019
HDFC AMC Interim (240%) 07-03-2019 06-03-2019 United Drilling Interim (6%) 09-03-2019 07-03-2019
Results & Corporate Action
MARKET-HUB
Nifty Spot In Last Week :-
As we saw the Price Movement in Nifty Spot in last week that In Upside is
10,939.75 and in Downside 10,729.30.
Nifty Spot In Upcoming Week :-
There is strong Resistance is 11,080 There is possibility of profit booking on this
level if close above 11,080 the next level 11,160 to 11,200, down side 10,700 is
strong support if break this level and closing below this level then down side next
target 10,600 to 10,500.
Bank Nifty in Upcoming week :-
27,450 is strong resistance if not close above this level till sell on rise with sl
27,450 closing base down side target 26,700 this level is very important level if
close below 26,700 level then down side target will be 26,250 to 26,100 to
possibility.
Market Technical
Page: - 2
Recommendation for next week
BANKNIFTY WEEKLY CHART
NIFTY WEEKLY CHART
MARKET-HUB
Copper:- Sell on rise with sl 470 closing base
target will be 450 to 455 possibility buy in dip with
stoploss 445 if close above two day 470 level then
upside target 513 possibility.
Crude:- Sell on rise with stoploss 4,150 down
side target 3860 possibility.
Silver :- Sell on rise with stop loss 39,500
down side target will be 37,000 possibility.
Gold :- 33,100 is resistance sell with stop
loss 33,100 down side target 32,500 is support
if close below this level then next level 32,280
possibility.
Commodity Market
MARKET-HUB
Currency Market
USDINR: Investors can Sell on rise around 71.60
to 71.90 with stop loss of 72.27 down side target
will be 71.00 to 70.70 ,Buy in dip with stop loss
70.00 upside target will be 71.60 to 71.90.
GBPINR: Investors can buy in dip around
range 91.00 to 91.50 with the stop loss of 90.70
and upside target will be 93.50 to 94.80,sell on
rise with stop loss 95.50 down side target will be
92.80 to 91.50.
EURINR: Down side 79.60 is very
important level if close below this level then
down side target will be 77.50 sell on rise with
stop loss of 82.50.
JPYINR:- Investors can sell on rise around
65.55 with the stop loss of 66.00 and down side
target will be 63.50 to 62.50 possibility.
MARKET-HUB
On the passing of tension of India-Pakistan the anxiety for the currency volatility
cooled down.
However the report from the Royal Bank Of Canada (RBC) that the Indian Rupee
likely to touch 80 against US$, has made the traders cautious His argument is that
RBI governor stance to reduce the invest rate makes the investment in Indian
Rupee less attractive also the deficit financing is a big worry.
Overall still there is a mood of caution for the Indian currency traders & users.
Premium / Discount (USD/
INR) Based on Forward Rates
Duration Premium One month
Forward
0.29
Three month
Forward
0.56
Six month 1.12
One year 2.51
RBI reference Rates
Currency Rates
USD 70.97
GBP 94.09
Euro 80.72
100 Yen 63.49
Currency Corner
MARKET-HUB
Dabur India Ltd
Dabur India is one of the leading Fast Moving Consumer Goods (FMCG) players
dealing in consumer care and food products.
Dabur India Ltd., incorporated in the year 1975, is a Large Cap company (having a
market cap of Rs 77451.87 Crore) operating in Personal Care sector.
Dabur India Ltd. key Products/Revenue Segments include Personal Care which
contributed Rs 5552.26 Crore to Sales Value (98.98 % of Total Sales), Other
Operating Revenue which contributed Rs 48.73 Crore to Sales Value (0.86 % of
Total Sales) and Scrap which contributed Rs 8.07 Crore to Sales Value (0.14 % of
Total Sales)for the year ending 31-Mar-2018.
For the quarter ended 31-12-2018, the company has reported consolidated sales of
Rs 2199.21 Crore, up 3.49 % from last quarter Sales of Rs 2124.97 Crore and up
11.84 % from last year same quarter Sales of Rs 1966.44 Crore Company has
reported net profit after tax of Rs 366.69 Crore in latest quarter.
Pros:
Company has a good return on equity (ROE) track record: 3 Years ROE
28.62%
Company has been maintaining a healthy dividend payout of 47.99%
Cons:
Stock is trading at 15.07 times its book value
The company has delivered a poor growth of 4.59% over past five years.
Market Cap: 77,451 Cr.
Current Price: 438.05
52 weeks High / Low 490.70 / 312.45
Book Value: 29.06
Stock P/E: 52.70
Dividend Yield: 1.71 %
ROCE: 28.30 %
ROE: 25.93 %
Sales Growth (3Yrs): -0.45 %
Face Value: 1.00
Fundaments
Page: - 3
MARKET-HUB
Dabur India Ltd Share Holding
Category No. of shares Percentage
Promoters 1,198,755,677 67.87
Foreign Institutions 320,808,131 18.16
General Public 85,200,639 4.82
NBFC and Mutual Funds 71,666,133 4.06
Financial Institutions 50,933,407 2.88
Others 38,582,154 2.18
Foreign Promoters 345,000 0.02