Nifty Closes near Monthly High before ECB Monetary Policy Meet

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Thursday, December 08, 2016 Top Nifty Gainers Symbol LTP % Traded Value Open High Low Prev. Change Qty (in Lakhs) Close TATASTEEL 432.05 4.89 94,43,213 40,438.67 417.7 432.75 417 411.9 TATAMTRDVR 304 4.41 17,71,275 5,369.97 294 305.6 294 291.15 TATAMOTORS 461.25 3.57 81,67,509 37,622.00 451.2 464.4 451.2 445.35 ADANIPORTS 287 3.46 41,69,711 11,921.20 279.9 288.3 279.9 277.4 BAJAJ-AUTO 2,780.00 3 1,93,540 5,348.40 2,715.00 2,789.25 2,715.00 2,699.05 ITC 233.9 2.95 73,64,760 17,140.74 229.05 235.3 228.3 227.2 HEROMOTOCO 3,320.50 2.86 3,79,881 12,537.02 3,249.00 3,327.35 3,246.00 3,228.20 ZEEL 453 2.62 16,73,034 7,550.24 445 454.8 443.5 441.45 BOSCHLTD 20,780.00 2.6 19,367 4,045.30 20,450.00 21,300.00 20,400.50 20,253.50 MARUTI 5,242.50 2.46 8,45,873 44,283.90 5,172.00 5,269.90 5,170.00 5,116.65 Top Nifty Losers Symbol LTP % Traded Traded Value Open High Low Prev. Change Qty (in Lakhs) Close INFRATEL 369.9 -2.38 13,70,609 5,118.95 380 382.8 369 378.9 EICHERMOT 23,288.00 -0.4 70,325 16,417.01 23,650.00 23,700.05 23,056.00 23,382.00 AUROPHARMA 721.1 -0.21 16,51,559 11,885.11 727.1 727.8 715.5 722.65 NTPC 163 -0.09 34,61,242 5,631.09 163.95 165.15 161.3 163.15 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Nifty Closes near Monthly High before ECB Monetary Policy Meet The Indian Benchmark Nifty opened gap up by 53 points at 8190 and went on to make a high of 8267. Markets showed buying momentum from the open tick of the day. Bank Nifty opened 100 points gap up at 18356 and went on to make a high of 18558 and closed at 18515. NSE Small Cap Index opened gap up by 50 points at 5826 and went on to make a high of 5865 and closed at 5857. The trend in markets is still in a buy mode. The top movers of the day were Tata Steel, Tata Motor DVR, Tata Motors, Adani Ports and Bajaj Auto.

Transcript of Nifty Closes near Monthly High before ECB Monetary Policy Meet

Thursday, December 08, 2016

Top Nifty Gainers

Symbol LTP % Traded Value Open High Low Prev.

Change Qty (in Lakhs) Close

TATASTEEL 432.05 4.89 94,43,213 40,438.67 417.7 432.75 417 411.9

TATAMTRDVR 304 4.41 17,71,275 5,369.97 294 305.6 294 291.15

TATAMOTORS 461.25 3.57 81,67,509 37,622.00 451.2 464.4 451.2 445.35

ADANIPORTS 287 3.46 41,69,711 11,921.20 279.9 288.3 279.9 277.4

BAJAJ-AUTO 2,780.00 3 1,93,540 5,348.40 2,715.00 2,789.25 2,715.00 2,699.05

ITC 233.9 2.95 73,64,760 17,140.74 229.05 235.3 228.3 227.2

HEROMOTOCO 3,320.50 2.86 3,79,881 12,537.02 3,249.00 3,327.35 3,246.00 3,228.20

ZEEL 453 2.62 16,73,034 7,550.24 445 454.8 443.5 441.45

BOSCHLTD 20,780.00 2.6 19,367 4,045.30 20,450.00 21,300.00 20,400.50 20,253.50

MARUTI 5,242.50 2.46 8,45,873 44,283.90 5,172.00 5,269.90 5,170.00 5,116.65

Top Nifty Losers

Symbol LTP % Traded Traded Value

Open High Low Prev.

Change Qty (in Lakhs) Close

INFRATEL 369.9 -2.38 13,70,609 5,118.95 380 382.8 369 378.9

EICHERMOT 23,288.00 -0.4 70,325 16,417.01 23,650.00 23,700.05 23,056.00 23,382.00

AUROPHARMA 721.1 -0.21 16,51,559 11,885.11 727.1 727.8 715.5 722.65

NTPC 163 -0.09 34,61,242 5,631.09 163.95 165.15 161.3 163.15

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Nifty Closes near Monthly High before ECB Monetary Policy Meet The Indian Benchmark Nifty opened gap up by 53 points at 8190 and went on to make a high of 8267. Markets

showed buying momentum from the open tick of the day. Bank Nifty opened 100 points gap up at 18356 and went on

to make a high of 18558 and closed at 18515. NSE Small Cap Index opened gap up by 50 points at 5826 and went on

to make a high of 5865 and closed at 5857. The trend in markets is still in a buy mode. The top movers of the day were

Tata Steel, Tata Motor DVR, Tata Motors, Adani Ports and Bajaj Auto.

A quick View of the Sectors

SECTOR % CHANGE TODAY

FOOTWEAR 3.90%

FERTILISERS 3.56%

ENTERTAINMENT-HOTELS AND LEISURE 2.71%

PAPER 2.71%

AUTO- TYRES AND TUBES 2.33%

INFRA- MACHINERY EQUIPMENT 2.19%

AUTO- AUTOMOBILES AND AUTO PARTS 2.13%

METALS AND MINING 2.04%

TEXTILES AND APPAREL 2.03%

IT 1.95%

FMCG- PACKAGING 1.86%

DEFENCE 1.83%

FINANCIAL SERVICES 1.81%

FMCG- FOOD 1.72%

TRANSPORTATION LOGISTICS 1.69%

DIVERSIFIED 1.63%

REALTY- HOUSEHOLD 1.59%

AUTO-AUTO ANCL AND COMPONENTS 1.51%

FINANCIAL SERVICES- NBFC 1.46%

JEWELLERY 1.46%

INFRA- TELECOM 1.41%

CHEMICALS 1.37%

ENERGY-OIL & GAS 1.31%

MEDIA 1.25%

INFRA- CONSTRUCTION ENGINEERING AND MATERIALS 1.20%

BANKS-PRIVATE 1.19%

INFRA- POWER 1.05%

FMCG 1.00%

REALTY 0.90%

MEDIA- ENTERTAINMENT 0.82%

FMCG- SUGAR 0.77%

AIRLINES 0.69%

BANKS-PSU 0.66%

FMCG- BREVERAGES 0.58%

PHARMA 0.57%

CEMENT 0.35%

Dynamic Sector Performance – 8th December 2016

Some Indices turned positive while most of them stayed in the red zone. Footwear gained the most, followed by

FERTILISERS, Entertainment-Hotels and Leisure and Paper. While, Cement, Pharma, FMCG- Beverages and Bank-

PSU lost the most in the day’s trade.

NSE High Volumes Stock Performer List

TOP GAINER TOP LOSER

SYMBOL LTP %CHANGE SECTOR SYMBOL LTP %CHANGE SECTOR

GAEL 89.90 6.20 FMCG- FOOD VTL 1082.00 -2.71 TEXTILES AND APPAREL

FINCABLES 419.65 5.55 INFRA- TELECOM NATIONALUM 67.45 -2.60 METALS AND MINING

TVSSRICHAK 3515.75 5.46 AUTO- TYRES AND TUBES VISAKAIND 193.75 -1.65 CEMENT

PHILIPCARB 228.90 5.22 CHEMICALS HIMATSEIDE 289.65 -1.41 TEXTILES AND APPAREL

TIMETECHNO 98.35 5.13 FMCG- PACKAGING CUB 137.75 -0.97 BANKS-PRIVATE

SONASTEER 62.15 5.07 AUTO-AUTO ANCL AND COMPONENTS STCINDIA 124.30 -0.76 DIVERSIFIED

IGPL 234.05 4.98 CHEMICALS OBEROIRLTY 300.10 -0.76 REALTY

WSTCSTPAPR 140.00 4.05 PAPER INDIANHUME 829.00 -0.72 INFRA- CONSTRUCTION ENGINEERING AND MATERIALS

WHIRLPOOL 942.00 4.04 REALTY- HOUSEHOLD BIRLACORPN 652.00 -0.68 CEMENT

SATIN 401.85 3.86 FINANCIAL SERVICES HINDOILEXP 66.40 -0.67 ENERGY-OIL & GAS

UFLEX 269.95 3.83 FMCG- PACKAGING ANANTRAJ 41.10 -0.60 REALTY

TATASPONGE 595.80 3.64 METALS AND MINING HEIDELBERG 116.60 -0.47 CEMENT

JAMNAAUTO 178.70 3.47 AUTO- AUTOMOBILES AND AUTO PARTS DALMIASUG 119.80 -0.29 FMCG- SUGAR

MOIL 354.60 3.32 METALS AND MINING KALPATPOWR 233.00 -0.26 INFRA- POWER

ORIENTPPR 69.75 3.10 REALTY- HOUSEHOLD ATUL 2156.05 -0.26 CHEMICALS

EXCELCROP 1778.00 3.10 CHEMICALS MEGH 41.20 -0.24 CHEMICALS

VINATIORGA 598.90 3.09 CHEMICALS SUDARSCHEM 307.00 -0.20 CHEMICALS

MOTILALOFS 527.15 3.08 FINANCIAL SERVICES SHRIRAMCIT 1857.95 -0.18 FINANCIAL SERVICES- NBFC

SARDAEN 240.50 2.91 METALS AND MINING BINANIIND 72.50 -0.14 CEMENT

TRIGYN 104.50 2.90 IT GMDCLTD 98.90 -0.10 METALS AND MINING

CENTURYPLY 168.90 2.89 REALTY- HOUSEHOLD BANCOINDIA 193.55 -0.03 AUTO-AUTO ANCL AND COMPONENTS

FIEMIND 1075.00 2.89 AUTO-AUTO ANCL AND COMPONENTS JUBILANT 664.50 -0.01 PHARMA

VGUARD 175.00 2.85 REALTY- HOUSEHOLD PRICOL 91.30 0.00 AUTO-AUTO ANCL AND COMPONENTS

ADFFOODS 148.70 2.76 FMCG- FOOD IGARASHI 719.80 0.03 AUTO-AUTO ANCL AND COMPONENTS

CHEMFALKAL 282.45 2.69 CHEMICALS MUTHOOTFIN 298.95 0.07 FINANCIAL SERVICES- NBFC

MINDAIND 304.25 2.68 AUTO- AUTOMOBILES AND AUTO PARTS KESORAMIND 136.35 0.07 DIVERSIFIED

SYNGENE 593.00 2.59 PHARMA BLUESTARCO 469.95 0.07 REALTY- HOUSEHOLD

KNRCON 788.00 2.48 INFRA- CONSTRUCTION ENGINEERING AND MATERIALS KIRIINDUS 273.60 0.11 CHEMICALS

BAJAJELEC 222.40 2.42 REALTY- HOUSEHOLD COSMOFILMS 328.00 0.12 FMCG- PACKAGING

Mukand Ltd is the India based manufacturer of stainless steel, alloy steel, stainless steel

billets, exporter of hot rolled bars. Integrated in the year 1937, Mukand Iron & Steel Works

Limited, was procured by the present promoter families, Shri Jamanlal Bajaj and Shri

Jeevan Lal Shah, on the behest of Mahatma Gandhi in the year 1939. The Company then

managed re-rolling mills and a foundry in Lahore and at Reay Road, Bombay respectively.

Today, Mukand share price surged over 9 per cent at NSE today to trade at the intraday

high of Rs. 58.50 in the first half of the trade.

The Company was renamed Mukand Ltd. in the year 1989 and had grown to become a

multi division, multi product conglomerate. Today the company’s products reach across the globe providing for a

variety of industries. Mukand Ltd. is a multi division, multi product conglomerate engaged in the manufacture of

specialty steel long products and heavy machinery. Mukand Ltd is in the Metals sector, having a market cap of Rs.

757.23 crores as on 8th December 2016. It has reported sales of Rs. 679.38 crores and a net profit of Rs. 6.05 crores

for the quarter ended September 2016.

At 12:04 PM, Mukand share price was trading at Rs. 56.65, up by 5.79 per cent while the Benchmark Index Nifty was

trading at 8218.45, up by 1.44 per cent. So far, one lakh shares had been traded at the NSE as compared to the twenty

days trading average of 67 thousand shares. The stock has the standalone trailing PE of 33.36, beta of 1.56 and is

currently trading below its 50 DMA.

Pennar Industries share price surged more than 7 per cent since the morning trade to a

make an intraday high of Rs 46.30. By 11.30 AM, 4,82,347 shares of the company have

been traded on NSE aggregating to a value of Rs 218.02 lacs.

On 8th December 2016, Pennar Industries informed the Bombay Stock Exchange that the

Board of Directors of the Company has passed a resolution by circulation for approving

the notice of postal ballot for the purpose of obtaining the approval of shareholders by

way of postal ballot/e-voting in respect of making investments in excess of the limits

prescribed under Section 186 of the Companies Act, 2013.

Earlier in November, Pennar Industries has made additional investment of Rs 49.50

crores in Pennar Renewables (PRPL) for acquiring a total of 49,80,392 equity shares.

Earlier, on 14th October, 2015, the company invested initially Rs 2.9 lacs and acquired 29,411 equity shares of PRPL.

Pursuant to the said investment, PRPL becomes the subsidiary company.

Pennar is a multi-location, multi-product company that manufactures cold rolled steel strips & tubes, cold rolled

formed sections, electrostatic precipitators, pre-engineered building systems, sheet metal components, as well as road

safety systems.

Important Fundamentals:

Sector- INFRA-MACHINERY EQUIPMENT

Face Value (Rs.)- 5

Average Daily Movement [ADM]- 2.02

Average Volume [20 days]– 1,80,340

Mukand Share Price surged over 9% Intraday

re Price Surges 13% over Q2

Pennar Industries Share Price Surges More Than 7%

re Price Surges 13% over Q2

Consolidated FY 15-16 PE Ratio - 11.72

Consolidated Trailing PE Ratio - 11.05

Standalone FY 15-16 PE Ratio - 19.02

Standalone Trailing PE Ratio - 18.71

Book Value - 41.06

Market Cap - Rs 513.89 (Cr)

% of Promoter holding pledged – 7.43

1 Month Return (%)- (-7.37)

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while making investment decision.

Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022

Disclosure Dynamic Equities Pvt. Ltd. is a member of NSE, BSE, MCX SX and a DP with NSDL & CDSL. It is also engaged in Investment

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Analyst/ his Relative:

Do not have any financial interest / any actual/beneficial ownership in the subject company.

Do not have any other material conflict of interest at the time of publication of the research report

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Report Prepared By:

Mayank Jain - NISM-201500086427 Vikash Kandoi - NISM-201500086430