DAILY EQUITY REPORT 30TH JULY 2013
INDIAN FACE
INDIAN EQUITY BENCHMARKS started the week with a big
slump and ended lower for fourth consecutive trading session,
as traders chose to take some profits off the table ahead of the
Reserve Bank of India's policy review meet tomorrow. The
benchmarks were under pressure on worries that the RBI may
hike interest rates to support the rupee from depreciating
against the US dollar.
Further, The market was unable to find ground today as
banking, FMCG, metals and oil & gas stocks dragged indices.
Force Motors rallied 7%, in otherwise weak market, after
reporting a strong 38% year-on-year (yoy) growth in net
profit at Rs 14 crore for the quarter ended June 30, 2013 (Q1)
on the back of robust operating performance.
GLOBAL FACE
Asian stocks traded lower on Monday following some tepid Chinese
data and a stronger yen ahead of a speech by Bank of Japan Governor Haruhikho Kuroda.
European stocks were higher on Monday, as the previous week's
upbeat data from the euro zone continued to support sentiment,
while investors eyed upcoming policy statements.
U.S. stocks pointed to a lower open on Monday, as investors
remained cautious ahead of the Federal Reserve's highly anticipated
policy statement later in the week.
IDFC LIMITED Q1 net up 47% to Rs 557 cr.
Arvind Q1 net profit doubles to Rs 67.6 cr.
Arvind Limited first quarter consolidated net profit was more than
double to Rs 67.6 crore during the quarter from Rs 32.5 crore in a
year ago period. Consolidated net sales grew by 27.52 percent
year-on-year to Rs 1,501 crore in April-June quarter and Earnings
before interest, tax, depreciation and amortisation (EBITDA)
jumped 42.67 percent Y-o-Y to Rs 214 crore.
Colgate-Palmolive Q1 net profit up 58% on exceptional gain.
INDIAN FACE
INDIAN EQUITY BENCHMARKS started the week with a big
slump and ended lower for fourth consecutive trading session,
as traders chose to take some profits off the table ahead of the
Reserve Bank of India's policy review meet tomorrow. The
benchmarks were under pressure on worries that the RBI may
hike interest rates to support the rupee from depreciating
against the US dollar.
Further, The market was unable to find ground today as
banking, FMCG, metals and oil & gas stocks dragged indices.
Force Motors rallied 7%, in otherwise weak market, after
reporting a strong 38% year-on-year (yoy) growth in net
profit at Rs 14 crore for the quarter ended June 30, 2013 (Q1)
on the back of robust operating performance.
GLOBAL FACE
Asian stocks traded lower on Monday following some tepid Chinese
data and a stronger yen ahead of a speech by Bank of Japan Governor Haruhikho Kuroda.
European stocks were higher on Monday, as the previous week's
upbeat data from the euro zone continued to support sentiment,
while investors eyed upcoming policy statements.
U.S. stocks pointed to a lower open on Monday, as investors
remained cautious ahead of the Federal Reserve's highly anticipated
policy statement later in the week.
UltraTech Cement reported a 13.5 percent year-on-year decline in
net profit for June quarter as construction and infrastructure
activities slowed down across states. The Aditya Birla Group
company recorded an over 2 percent Y-o-Y decline in sales during
the period. Higher freight and diesel prices led to a rise in logistics
and raw materials costs for the company .
net profit for June quarter as construction and infrastructure
activities slowed down across states. The Aditya Birla Group
company recorded an over 2 percent Y-o-Y decline in sales during
the period. Higher freight and diesel prices led to a rise in logistics
and raw materials costs for the company .
IDFC LIMITED Q1 net up 47% to Rs 557 cr.
IDFC LIMITED pleased with its first quarter consolidated net profit
growing 46.6 percent year-on-year to Rs 557 crore on lower
provisions. Consolidated net interest income rose higher-thanexpected 33 percent Y-o-Y to Rs 1,017 crore during April-June
quarter and Consolidated total income jumped nearly 25 percnt to
Rs 2,298 crore from Rs 1,841 crore during the same period.
growing 46.6 percent year-on-year to Rs 557 crore on lower
provisions. Consolidated net interest income rose higher-thanexpected 33 percent Y-o-Y to Rs 1,017 crore during April-June
quarter and Consolidated total income jumped nearly 25 percnt to
Rs 2,298 crore from Rs 1,841 crore during the same period.
State-owned Allahabad Bank 's first quarter (April-June) net profit dropped nearly 20 percent year-on-year to Rs 413 crore, dented by
a spike in bad loans. Net interest income (NII) or the difference
between interest earned and paid out, was little changed at Rs
1,312 crore compared with Rs 1,306 crore a year ago. However,
other income shot up 62 percent y-o-y to Rs 501 crore.
a spike in bad loans. Net interest income (NII) or the difference
between interest earned and paid out, was little changed at Rs
1,312 crore compared with Rs 1,306 crore a year ago. However,
other income shot up 62 percent y-o-y to Rs 501 crore.
Arvind Q1 net profit doubles to Rs 67.6 cr.
Arvind Limited first quarter consolidated net profit was more than
double to Rs 67.6 crore during the quarter from Rs 32.5 crore in a
year ago period. Consolidated net sales grew by 27.52 percent
year-on-year to Rs 1,501 crore in April-June quarter and Earnings
before interest, tax, depreciation and amortisation (EBITDA)
jumped 42.67 percent Y-o-Y to Rs 214 crore.
Colgate-Palmolive Q1 net profit up 58% on exceptional gain.
Toothpaste maker Colgate-Palmolive (India) reported a 58 percent
year-on-year jump in first quarter net profit at Rs 185 crore, helped
by exceptional gains. The company had a one-time gain of Rs 71
crore in the April-June quarter, which included sale of its Global
Shared Services Organisation to Colgate.
year-on-year jump in first quarter net profit at Rs 185 crore, helped
by exceptional gains. The company had a one-time gain of Rs 71
crore in the April-June quarter, which included sale of its Global
Shared Services Organisation to Colgate.
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Office: +91 731 6662299
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Email:-info@capitalstars.com
Office: +91 731 6662299
Mob:- +91 92000 – 99927
Fax: +91 731 6662222
Email:-info@capitalstars.com
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