Stock Market Update 28 October 2017 |capital Aim|


Equity tips:-


  • Weekly Recap
    Interesting week which saw PSU Banks post 30-47% single day gains. It took 7yrs for SBI to regain its peak.

    Big rally in infra/construction names too as markets cheered Bharatmala – govt’s accelerated road development project.

    Mixed result season – HUVR reported its best ever margins at ~22%; Infosys lowers growth guidance, Yes Bank lost more than $ 1bn in market cap as it continues to report divergences in its asset quality.

    Lots of love in the IPO but no takers in the secondary market as SBI Life continues to drift down (5.5% from its IPO) and a pretty weak listing for GICRE.
    • Indices: NIFTY +112 points, SENSEX +573 points for the week
    • Index moves: Nifty  +1.1% , Sensex  +1.8%
    • Cash market volumes: $ 34.9bn v/s $ 16.2bn
  • Sector Performances
    Best Weekly Performers: Capital Goods +4.8%, Banking +3.3%, Utilities +3.1%.
    Worst Weekly Performer: Cons Durable -2.3%, Healthcare -0.2%, FMCG 0.1%.
  • Result Update: Q2 FY18
    1. ICICI Bank Q2 FY18: Provisions at Rs 4,503 cr Vs Rs 7,082.7 cr (YoY); Rs 2,608.7 cr (QoQ); Gross NPA at 7.87%, Net NPA at 4.43%.
    2. IOC Q2 FY18 (QoQ): PAT at Rs 3696 Vs Rs 4549 Cr (-19%). Revenue at Rs 90567 Cr Vs Rs 1,05,434 Cr (-14%). GRMs at 6.08%.
    3. Maruti Suzuki Q2 FY18 (YoY): PAT at Rs 2,484 Cr Vs Rs 2,401.5 (+3%). Revenue Rs 21,768 Cr Vs Rs 20,322.7Cr (+7%).
    4. J&K Bank Q2 FY18 (YoY): PAT at Rs 71.6 Cr Vs loss of Rs 602 Cr. NII At Rs 722 Cr Vs Rs 641 Cr.
    5. Aditya Birla Fashion Q2 FY18 (YoY): Net Loss at Rs 10 Cr. Revenue Rs 1,804 Cr vs Rs 1,886 Cr (-4%).
    6. PVR Q2 FY18 (YoY): PAT at Rs 555 Cr Vs Rs 544 Cr (+2%). Revenue at Rs 25 Cr Vs Rs 29 Cr (-17%).
    7. Srikalahasthi Pipes Q2 FY18 (YoY): PAT at Rs 37 Cr Vs Rs 25.9 Cr(+43%). Revenue Rs 340 Cr Vs Rs 179.8 Cr (+89%).
    8. Heidelberg Cement Q2 FY18 (YoY): PAT at Rs 33 Cr Vs Rs 16.5 Cr(+100%). Revenue Rs 425.8 Cr Vs Rs 454 Cr (-6%).

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