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Trend Today Report (15 Feb 2018)

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husains

Husains

MARKET WRAP

Benchmark indices closed lower on sharp fall in PSU banks. The 30-share BSE Sensex was down

144.52 points at 34,155.95 and the 50-share NSE Nifty declined 38.90 points to 10,500.90.

Nifty PSU Bank was down 5 percent as PNB fell over 10 percent. Allahabad Bank, OBC, Bank of

India, Canara Bank and Union Bank of India plunged 5-8 percent. Yes Bank was down nearly 5

percent.

Other StockVoltamp Transformers, NRB Bearings, Kolte-Patil, DLF, IOL Chemicals, Ester, Dilip

Buildcon, NMDC, Britannia Industries, Ashok Leyland and Minda Industries gained 1-4 percent

whereas JK Tyre and Motherson Sumi lost 2-4 percent post earnings.

BROAD MARKET INDICES

INDEX

P. Close

OPEN

HIGH

LOW

CURRENT %CHANGE

NIFTY 50

10539.75

10585.75

10590.55

10456.65

10500.90

-0.37

NIFTY NEXT 50

30171.85

30337.45

30353.85

30005.25

30110.25

-0.20

NIFTY MIDCAP 50

5257.40

5295.50

5308.85

5237.10

5254.75

-0.05

NIFTY100 LIQ15

4498.65

4522.90

4524.80

4419.05

4436.60

-1.38

Contact No. +91-903-977-7700

www.moneyclassicresearch.com

asian index

ASIAN INDEX

INDEX

OPEN

HIGH

LOW

CLOSE

%CHANGE

NIKKEI 225

21507.7

21510.3

21119

21382.6

-2.38

HANG SENG

29679.2

29679.21

29129

29507.4

-3.2

TAIWAN

10371

10392.31

10189

10371.8

-1.51

SSE

3172.85

3180.11

3062.7

3130.93

-4.19

INDIAN MAJOR SECTORAL INDICES

INDEX

P. Close

OPEN

HIGH

LOW

CURRENT %CHANGE

NIFTY BANK

25701.60

25810.25

25810.25

25212.35

25341.25

-1.40

NIFTY FIN SERVICE

10562

10620.00

10620.35

10450.35

10498.10

-0.60

NIFTY IT

12422.65

12438.20

12546.00

12346.00

12420.00

-0.02

NIFTY PHARMA

9339.95

9367.50

9374.00

9212.25

9249.20

-0.97

Contact No. +91-903-977-7700

www.moneyclassicresearch.com

stock update

STOCK UPDATE

DLF cuts debt to Rs 5,513 cr; aims to become debt-free by FY19

Realty major DLF's net debt has come down substantially to Rs 5,513 crore at the end of

October-December quarter on fund infusion by promoters as it targets to become a zero-debt

company by the end of next fiscal.DLF, the country's largest real estate developer, repaid loans

of Rs 7,100 crore using fund infused by the promoters.

According to an investor presentation, DLF's net debt stood at Rs 5,513 crore as on December

31, 2017, and this is primarily from development business of housing projects. The debt from

commercial real estate business has now been reflected in DLF Cyber City Developers Ltd

(DCCDL), the company's joint venture firm with Singapore's sovereign wealth fund GIC. he net

debt of DCCDL stood at Rs 16,074 crore at the end of third quarter of this fiscal. The JV holds the

bulk of rent-yielding commercial assets of DLF group. DLF's total debt stood at Rs 26,800 crore at

June-end this financial year.

The promoters had in August last year sold entire 40 per cent stake in DCCDL for Rs 11,900 crore.

This deal included sale of 33.34 per cent stake in DCCDL to GIC for Rs 8,900 crore and buy-back

of remaining shares worth Rs 3,000 crore by DCCDL.This deal got concluded in late December. As

a result, DLF's stake in DDCDL increased to 66.66 per cent stake from 60 per cent, while GIC has

the balance 33.34 per cent stake in the joint venture firm Total income, however, fell to Rs

1,855.21 crore in the third quarter of 2017-18 fiscal from Rs 2,177.90 crore in the corresponding

period of the previous year.

DLF explained in a statement that its profit has gone up due to one-time exceptional gain on

account of restatement of its investment in DCCDL at fair market value based on Indian

accounting standards (IndAS 110), as DCCDL is now being accounted as a joint venture instead of

a subsidiary.

Contact No. +91-903-977-7700

www.moneyclassicresearch.com

stock update 1

STOCK UPDATE

Tata Power Q3 profit seen down 22%, generation volumes may

remain sluggish

Tata Power Company's third quarter consolidated profit is expected to fall 22 percent to Rs 466

crore compared to Rs 599 crore in year-ago quarter.

Revenue from operations may grow 11 percent to Rs 7,445 crore compared to Rs 6,684 crore in

same quarter last fiscal, according to average of estimates of analysts ..

Operating profit is likely to increase 15 percent year-on-year to Rs 1,611 crore and margin may

expand 70 basis points to 21.6 percent in Q3.

Year-on-year profit comparison may not be valid due to (1) higher interest cost in Q3FY18 to

fund renewable asset acquisition and (2) tax reversal in Q3FY17, despite stable operations in the

core distribution business.

Analysts expect generation volumes to remain sluggish and realisations to remain flattish. They

further expect coal business and renewable business to maintain strong momentum.

More than numbers, the Street will watch out for restructuring news. Tata Power had guided for

simplification of group structure in FY18 at the beginning of the year.

Contact No. +91-903-977-7700

www.moneyclassicresearch.com