Nifty Closes near Monthly High before ECB Monetary Policy Meet
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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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Disclaimer
The investment advice or guidance provided by way of recommendations, reports or other ways are solely the personal
views of the research team. Users are advised to use the data for the purpose of information and rely on their own judgment
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
Advisory Services and Portfolio Management Services. Dynamic Commodities Pvt. Ltd., associate company, is a member of MCX &
NCDEX. We declare that our activities were neither suspended nor we have defaulted with any stock exchange authority with
whom we are registered. SEBI, Exchanges and Depositories have conducted the routine inspection and based on their
observations have issued advise letters or levied minor penalty on for certain operational deviations.
Answers to the Best of our knowledge and belief of Dynamic/ its Associates/ Research Analyst: DYNAMIC/its Associates/ Research
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
Have not received any compensation from the subject company in the past twelve months
Have not managed or co-managed public offering of securities for the subject company.
Have not received any compensation for brokerage services or any products / services or any compensation or other benefits from the subject company, nor engaged in market making activity for the subject company
Have not served as an officer, director or employee of the subject company
Report Prepared By:
Mayank Jain - NISM-201500086427 Vikash Kandoi - NISM-201500086430