/ April 2019 ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 30 April 2019



Shares of Hero MotoCorp fell almost 4 per cent in Tuesday's session after it reported a 24.51 per cent year-on-year fall in profit at Rs 730.32 crore for the quarter ended March. 

The company on Friday reported that its revenue declined 7.92 per cent in Q4 to Rs 7,884.96 crore over Rs 8,564.04 crore reported for the same quarter last year.

Hero’s single-digit earnings growth in FY19, therefore, is likely to keep the upside capped for the stock, even though it is trading at 14.7 times twelve-month earnings, a discount of 7 per cent to its long-term average. 

CLSA cut the target price by 1 per cent to Rs 2,375 mkay Global cut target price by 4 per cent, IDBI Capital lowered it by 8 per cent and Equirus by 7.5 per cent. 

Analysts expect margin headwinds for two-wheeler companies going forward as they believe original equipment manufacturers will find it difficult to pass on the full cost impact of new safety and emission norms due to weak demand and high competition.

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Shares of Yes Bank Ltd on Tuesday slumped nearly 30% as many brokerage firms downgraded the stock and cut target price after the lender reported surprise quarterly loss and guided to lower growth in the ongoing financial year. Yes Bank shares opened at ₹213.70 on BSE and dropped over 29.76% in intraday on NSE. At 1.18 pm, the scrip was trading at ₹170.20 on NSE, down 28.25% from its previous close. So far this year, it is down 2.15%. In comparison, India's benchmark index Sensex fell 0.32% in in the afternoon today.

Foreign brokerage Macquarie double-downgraded Yes Bank to "underperform" with a 40% lower target price of ₹165 a share and cut fiscal year 2020-21 estimate earning per share by 45% each. Morgan Stanley is "underweight" on the stock and lowered its target price to₹125 from ₹160 a share. Edelweiss Securities has downgraded the stock to "hold" from buy and reduced its target price to ₹250 a share, from ₹279 a share.

Kotak Institutional Equities has maintained "sell" rating on Yes Bank stock and revised its target price to ₹170 from ₹210 earlier. BoB Capital has downgraded Yes Bank stock to "sell" from "buy" and cut its target price to ₹210 a share from ₹275 a share. Antique Stock Broking has cut its rating to "hold" from "buy" and kept its target price to ₹215 a share, down 9% from its earlier target. Emkay has downgraded Yes Bank stock to "sell" from "hold" and lowered target price to ₹155 from ₹260 a share.

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Reliance Home Finance plunged over 15 percent in intraday trade on April 30 to record its worst fall since October 2018 after Care Ratings downgraded the company’s long-term debt program of Rs 4,979 crore to default due to delay in servicing bank debt.

The rating for long-term debt program was downgraded to Care D from Care BBB+ due to delays in debt servicing with some of the banks factoring in linkages between RHFL and its parent Reliance Capital, said a report.

Reliance Home Finance (RHFL), part of Reliance Capital, is one of the country’s leading private sector home loan companies, incorporated in the year 2008.

Clearing the air, Reliance Home Finance issued press releases stating that the company has been affected by a timing mismatch in regards to the ongoing further securitisation/monetisation proposals with banks, etc., and the same has resulted in minor delay on principal repayments aggregating to only Rs. 542 crore to around 5-6 Banks, and limited only to its bank borrowings.

“RHFL expects to regularise all such repayments very shortly. RHFL has already completed a securitisation of over Rs. 5,500 crores from 1st October 2018 till date, and is engaged in active discussions for further securitisation/monetisation of its asset base,” said the press release.

It further added that the company is completely current and regular on principal repayments on all its capital market borrowings aggregating Rs. 7,708 crore.

For the past 7 months, ever since the IL&FS episode, all categories of lenders in India, including Banks, Mutual Funds, etc., have put an almost complete freeze on additional lending to Home Finance companies (HFCs) and Non-Banking Finance companies (NBFCs), and have instead only been insisting upon reduction of existing borrowings.

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Tracking weakness in the financial space, IndusInd Bank stocks fell over 5 percent intraday to record its worst fall since October 22, 2018, when it fell by over 8 percent. The stock was also the top Sensex loser.

The stock has risen a little over 6 percent so far in 2019 against nearly 9 percent fall in the last year, data showed.

The index formed a Golden Cross pattern which is bullish in nature on April 12 when 50-day exponential moving average (EMA) crossed above the long-term moving average i.e. 200-day EMA.

But, the momentum fizzled out soon after the crossover as the stock broke below 50-EMA and 200-EMA on an intraday basis which is a negative or a weak sign for the bulls.

MACD which gave a bearish crossover at the beginning of April has turned negative and is below its signal line.

A close below 200-day EMA would be considered as a bearish sign. The stock has also broken below the support at Rs 1,668, the 23.6 pct Fibonacci projection level of the downtrend from August 3, 2018, high to October 31, 2018 low, said a Reuters report.

“Wave pattern suggests, the stock is in the third wave of a five wave downtrend. In the near term, the stock has support at 1,565.1 rupees, the 38.2 percent projection level,” the report added.

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Indian benchmark indices are down with Nifty shedding 64 points, trading at 11,690, down while the Sensex shed 200 points and is trading at 38,866.

Nifty PSU Bank cracked over 3 percent dragged by Bank of Baroda, Punjab National Bank, Canara Bank, IDBI Bank, Central Bank of India and Bank of India.

Indian Bank, Oriental Bank of Commerce and State Bank of India along with Syndicate Bank are the other losers.

Among the S&P BSE PSU index Allahabad Bank shed 2 percent followed by J&K Bank which shed 3 percent. The other losers included Union Bank of India, UCO Bank and Andhra Bank.

The breadth of the market favoured the declines as 358 stocks advanced and 1,329 declined while 418 remained unchanged. On the BSE, 568 stocks advanced, 1,501 declined and 129 remained unchanged.

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Friday, 26 April 2019





Shares of software firm HCL Technologies rallied 3 percent intraday to hit a record high of Rs 1,168 on April 26 after the company expanded its US operations.

The stock rallied 12 percent in last one month. It was quoting at Rs 1,139.75, up Rs 8.60, or 0.76 percent on the BSE, at 14:14 hours IST.

The global technology company, on April 25, announced the launch of its CyberSecurity Fusion Center (CSFC) in Frisco, Texas.

"The opening of the CSFC represents the next phase in the company’s mission to support secure business growth by providing customers with a single point of contact for the enterprise security lifecycle, from detection to remediation," the company said.

Moreover, favourable rupee also led rally not only in HCL Tech but also in its peers TCS (up 2 percent), Infosys (1.4 percent) and Tech Mahindra (0.72 percent). The Nifty IT index gained 1 percent.

The rupee weakened to 70 against US dollar this week and fell around 100 paise in current month. Any fall is always good for technology companies which get maximum revenue in dollar terms.

Meanwhile, HCL Technologies is scheduled to announce its audited financial results for the financial year ended March 31, 2019 on May 9.
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Tata Steel, India’s largest private sector steel producer, posted a 84% drop in fiscal fourth quarter consolidated net profit mainly because the year-earlier profit was boosted by a one-time gain.

Tata Steel’s consolidated net profit figure for Q4 FY19 is not directly comparable to Q4 FY18 as it does not include NATSteel Holding and Tata Steel Thailand as they are classified as Asset Held For Sales.

Net profit in the quarter ended 31 March fell to ₹2,295 crore, from₹14,688 crore a year earlier. Consolidated net profit for 2018-19 declined 49% to ₹9,098 crore.

Tata Steel had a one-time exceptional gain of ₹11,376 crore in Q4 FY18 due to restructuring of a UK pension scheme, which boosted profit in the year-earlier period.

Consolidated revenue climbed 25% in the March quarter to ₹42,424 crore, from ₹33,705 crore a year earlier. Consolidated revenue for FY19 increased 27% to about ₹1.57 trillion from ₹1.24 trillion a year earlier.


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SBI Life Insurance Company shares rallied 4.6 percent in the morning trade on April 26 as brokerage houses raised price target on the stock after March quarter earnings.

The stock was quoting at Rs 637.85, up Rs 22.90, or 3.72 percent on the BSE, at 1036 hours IST.

SBI Life Insurance's March quarter profit grew by 20 percent to Rs 457.68 crore and total income also increased a whopping 55 percent to Rs 15,600.97 crore in Q4 YoY.


For the financial year 2018-19, SBI subsidiary reported net profit at Rs 1,326.80 crore, registering a growth of 15.4 percent over the previous year.

The value of new business (VNB) for FY19 stood at Rs 1,720 crore, up by 24 percent over the previous fiscal.

VNB is used to measure the profitability of the new business written in a period. It is present value of all future profits to shareholders measured at the time of writing of the new business contract.

Brokerages remained positive on the stock and raised their price targets after solid earnings growth in Q4.

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Torrent Pharmaceuticals shares gained 2.6 percent intraday on April 26 after its Ahmedabad unit received certain observations from the US health regulator.

The stock was quoting at Rs 1,749.95, up Rs 22.05, or 1.28 percent on the BSE, at 1328 hours IST.

The Ahmedabad-based pharma company informed exchanges that the US Food and Drug Administration has conducted an audit at its Indrad plant in April.


The USFDA has issued certain observations to plant.



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Supermarket chain Avenue Supermarts shares fell more than 2 percent in the morning trade on April 26 after global investment firm Credit Suisse has maintained underperform call on the stock.

It has set a price target at Rs 1,150 per share, implying 13 percent downside from current levels.

The stock in last 15 days fell 14 percent. It was quoting at Rs 1,302.00, down Rs 27.25, or 2.05 percent on the BSE, at 1015 hours IST.

Credit Suisse said the key risk to D-Mart operator is a rise in competitive intensity from a well-resourced competitor and it believes the bigger risk is the rapid expansion of Reliance Retail.

Reliance's grocery revenues are now 1.7 times Avenue's estimated grocery revenue and grocery sales grew 65 percent in FY19 against 33 percent for Avenue.

Steep valuation at 67x FY20E P/E is justified if 25 percent CAGR is seen over 20 years, the brokerage said, adding Avenue's new geography expansion will likely dilute financial metrics.

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Thursday, 25 April 2019



Shares of Aditya Birla Company Grasim Industries traded at over 6-month high levels on April 25, up 6.6 percent intraday after its subsidiary UltraTech reported healthy earnings in March quarter.

The stock hit an intraday high of Rs 939.45, the highest level since October 4, 2018.

It was quoting at Rs 933, up Rs 52.05, or 5.91 percent amid high volumes on the BSE, at 1257 hours IST. UltraTech Cement also gained 6 percent and hit a record high today.

In the last three months, Grasim rallied nearly 19 percent, outperforming the Nifty that gained 8 percent in the same period.

The cement major reported a massive 108 percent year-on-year growth in January-March quarter standalone profit at Rs 1,017 crore, driven by sales volume and operating income growth.

Standalone revenue in Q4 increased 18.3 percent with sales volumes growth at 15.4 percent YoY. Operating income during the quarter grew by 30 percent YoY and margin expanded to 21.08 percent (from 19.20 percent YoY) during the quarter.

Brokerages retained their positive stance on the stock with some raising price target and expecting up to 20 percent upside after quarterly earnings.

CLSA has a buy call on the stock and raised price target to Rs 5,270 from Rs 5,025 earlier on strong end to FY19 and focus on reducing debt.


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Country's largest passenger vehicle maker Maruti Suzuki India has reported a 5 percent year-on-year degrowth in March quarter profit, dented by weak operating performance and muted sales volume.

Net profit during the quarter declined to Rs 1,795.6 crore, from Rs 1,882.1 crore in same period last year. "This quarter was marked by adverse foreign exchange rates and commodity prices, higher depreciation and higher sales promotion expenses partially offset by cost reduction efforts," the company said.

Standalone revenue from operations grew by 1.4 percent year-on-year to Rs 21,459.4 crore in Q4 with sales volume degrowth of 0.7 percent YoY.

The company sold 4,58,479 vehicles during the quarter.

"We sold a total of 4,28,863 units in the domestic market, a growth of 0.4 percent. This comprised 4,21,383 units in passenger vehicle segment, a decline of 0.4 percent and 7,480 units of LCV, a growth of 83.6 percent over previous year. Exports were at 29,616 units," Maruti said.

Realisation per vehicle dropped to Rs 4.52 lakh in Q4 against Rs 4.59 lakh in Q3 and Rs 4.58 lakh in same period last year.

At operating level, EBITDA (earnings before interest, tax, depreciation and amortisation) declined 25 percent year-on-year to Rs 2,263.4 crore and margin contracted 369 bps to 10.55 percent in January-March period, hit by adverse forex variations.

Overall numbers were mixed during the quarter. Profit was expected at Rs 1,800 crore on revenue of Rs 21,103 crore and EBITDA was likely at Rs 2,642 crore with margin at 12.5 percent for the quarter, as per CNBC-TV18 poll estimates.

Other income in Q4 increased sharply by 46 percent year-on-year to Rs 867.7 crore while finance cost dropped sharply to Rs 8.8 crore (from Rs 273 crore YoY) and tax expenses declined 31 percent to Rs 516.5 crore in quarter ended March 2019.

Maruti said this was a difficult year because of adverse foreign exchange rates and increase in commodity prices.

"The second SMG plant in Gujarat was commissioned leading to a higher depreciation expenses. The overall market was slow and had to be supported by higher sales promotion expenses. This was partially offset by cost reduction efforts," the company added.

Net profit for the year at Rs 7,500.6 crore was lower by 2.9 percent while net sales increased 6.3 percent to Rs 83,026.5 crore in FY19, compared to previous year.

The company sold total of 18,62,449 vehicles during the year, registering a growth of 4.7 percent over previous year.

The car maker recommended a dividend of Rs 80 per share for financial year 2018-19, the same as that of last year.

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