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Prataap Snacks IPO – Is it Unhealthy Snacks ?

Prataap Snacks was one of the top six Indian snack food companies in terms of revenues in 2016, and among the fastest growing companies in the Indian organised snack market between 2010 and 2016. We are present in three major savoury snack food categories in India and...

Morning Calls

#TRAI cuts Interconnect Usages Charge by 60% to 6 Paisa. Good news for RIL, Bad for all others. Idea- Vodafone worst hit. Tyre companies in focus. Anti dumping duty on truck &bus radial imports from China for 5 years. Double benefit to tyre companies as rubber...

Morning Calls

JSW Steel gets clearances for two iron ore mines in Karnataka. Tata Motors- Tata Sons may spends as much 2000 crore to increase stake at a price of 421.56 per share. Indiabulls Real Estate to be excluded from F&O effective December 1. Swan Energy says...

Morning Calls

US making no changes to the H-1B visa policy. Coal India is looking to diversify from its core business of coal extraction and become a fullfledged mining company. MARUTI SUZUKI: Parent Suzuki Motor Corp will set up a plant at Hansalpur, Gujarat, to produce batteries...

Morning Calls

Government clarifies that it won’t interfere in pricing by oil companies. Focus on #BPCL #HINDPETRO #IOC Tata Chemicals to sell its phosphatic fertiliser business to Indorama Holding BV, Netherlands for Rs 400-500 cr. Thermax bags EPC order worth $43 million from UAE...

Morning Calls

Ravi Shankar Prasad on Cabinet decisions: Rs 10881 cr dairy processing infra development fund approved by cabinet. Tata Global Beverages in focus. Proposes to sell up to 1.05 cr shares of Tata Chemicals to Tata Sons on or after September 18. Tata Motors Global...

Morning Calls

Thyssenkrupp may reach preliminary Tata Steel deal this month. Mawana Sugar: PAT up 12 times to 36 cr, EBITDA up by 63%, Margin 8.6% Vs 6.9%. Vedanta ADR surged most among Indian ADRs on NYSE, Up by 2.5%. Indiabulls Real Estates acquires 13519 SqMts commercial land on...

Weekly Report on 11.09.2017

Previous week’s movement in Nifty was grossly insignificant and we are still waiting for a decisive break out above 9990 or below 9855 to get the next directional movement of the index. However, the market breadth has not turned negative & there is nothing to...

Morning Calls

Century Textiles to sell its paper division & explore merger with Grasim as part of a plan to synergise operations. SAIL clocks 7% sales rise during April-August on output boost. Asian Oilfields posted good quarterly result. Net profit of 11 cr Vs net loss of 6...

Morning Calls

Biocon’s insulin facility in Malaysia receives EU GMP compliance certificate. RBI raised FII investment limit in CCL Products to 40% from 24%. Punj Lloyd bags Rs 870 cr order for canal work in Maharashtra. Vista Pharmaceuticals receives EIR from U.S FDA for its...

Morning Calls

Reliance Industries has acquired Gujrat based Kemrock Industries &Exports. Bharat Forge: North America Class 8 Truck sales up 50% At 20,700 units (YoY). Up 14% MoM Punj Lloyd JV wins Rs1,177 cr NHAI project in Myanmar. NBCC won an order worth Rs 464 cr from the...

Morning Calls

HCL Tech acquires Scotland based ETIL Factory Ltd. Total cash consideration for deal up is up to 7 million Pound. Indigo eyes Jet Airways stake if Air India deal fails. Merck says its holding company is considering full or partial sale of its $1 billion consumer...

Morning Calls

Gujrat Government extends Textile Policy 2012-17 for one more year. India starts exporting Diesel to Myanmar (Reuters)from Numaligrah Refinery(Assam). Thomas Cook (India) interested in buying state-owned lender IFCI Ltd’s 26.09%Stake in Tourism Finance Corp. American...

Weekly Report on 04.09.2017

The broader index rose 117 points or 1.19% on weekly closing basis. It is also the highest closing in the preceding 4 weeks. Tuesday’s price of 9796 is now the make-or-break point for the short term uptrend in Nifty, which if holds in near future, we may see higher...

Morning Calls

Cadila Healthcare gets U.S. FDA approval for Mycophenolate Mofetil GTPL Hathway bags multiple orders worth Rs 48.16 crore from Government of Gujarat TVS Motor: Total August sales Up 16 % (YoY). Coal India: Reported strong monthly production. Sector to watch Positive:...

Morning Calls

Aditya Birla Capital #ABCAPITAL listing today after demerger. Grasim holds 56% stake in AB capital. DR REDDYS US judge says company doesn’t infringe on three Suboxone Patents. Strides Shasun’s Australian arm Arrow Pharma acquires 100 % stake in Amneal Pharma. Shankara...

Morning Calls

Surya Roshni looking for a new owner; Warburg Pincus, Crompton Greaves eye controlling stake. Shree Pushkar Chemicals Boardmeet on 4-September to consider various business proposals. Aksh Optifibre Service division bags National Level Banking Correspondent Contract...

Morning Calls

The Indian government has started investigations into alleged dumping of Chinese belting fabric. #SRF Ltd filed an application before the DGAD for initiation of anti-dumping investigation and imposition of the duty concerning imports of belting fabric. KEI Industry:...

Morning Calls

Reliance Capital: IRDA grants first level nod to health insurance arm. Reliance Infra: In talks with Greenko to sell its Mumbai electricity business for an EV of Rs 10000 to 13000 cr. JBF IND: In talks to sell Belgian unit for $2980 mn to settle part of its debt....

Weekly Report on 28.08.2017

The bygone week saw some increased volatility but no major changes on closing basis & the weight of evidence is still tilted in favor of the bulls. 9750 is an important make-or-break zone for the broader index & as long as it maintains above this mark, there...

Morning calls

Infosys appoints Nandan Nilekani as Non-Executive Chairman. Brokerages on Infosys CLSA: Buy, Target 1070. AXIS CAP: Buy, Target 1138, Phillip Cap: Buy, Target 1060, CIMB: Hold, 975 Lumax Auto has signed a JV agreement with Francisco Albero S.A.U. Spain to manufacture...

Morning Calls

Infosys: Institutional investor urge Nandan Nilekani bring back. CITI on Railway: Indian Railways is undergoing a paradigm shift on capex and reforms. Winners #Concor #LT #NBCC #Jindalstel Schneider, Eaton frontrunners to buy L&T’s electrical business bid at Rs...

Morning Calls

Cabinet likely to introduce ordinance on hiking cess ceiling on Luxury cars by 105 to 25% today Gati: Profit up Rs 18 crore Vs 5 cr EBITDA down 33 % at 19 crore Ahluwalia contracts: Profit up Rs 29.5 crore EBITDA up 26.2 % to 53 crore Revenue up 65 % DLF: Board meet...

Morning Calls

Subex Limited: Board has approves restructuring. Ugar sugar: Karnataka State Apellate Authority stayed order of Pollution Control Bord regarding Closure of Operation. Mcnally Bharat: Bags EPC order of coal plant worth Rs 514 crore. Biocon: Approves transfer of...

Morning Calls

Infosys: To buyback shares worth up to 13000 crore at Rs 1150 per share. Retail quota for buyback Rs 1950 crore. Number of shares under retail quota 1.95 crore Number of shares held by retail investors 2.87 crore Den Network: Gets NCLT nod for merger of 23...

Weekly Report on 21.08.2017

We had a minor pull back in Nifty this week. Although the primary uptrend is still intact, the intermediate downtrend will be confirmed below 9710. On the other hand a closing above 9900 will re-establish bull’s grip on the index. In case Nifty breaks downward, its...



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