Dr. Stock Morning Note:
22ndJan 2018
1.Nifty is likely to open flat to negative, tracking some negative cues from US futures index( which is down 50 points )
2.U.S. stocks shrugged off the government shutdown drama in Washington and rose to all-time highs following a report that regulators are close to further easing banking rules.
3.Nifty PCR( Put/call ratio) stand at 1.64
4.Nifty 10500 put having highest open interest(+70 Lakh) & 11000 calls having highest open interest(+52 Lakh).
5.Brent snaps two-day losing streak, up 0.3 percent to $68.8 per barrel.( Watch out closely )
6.Important result today: Asian Paints, Axis Bank, DHFL.GNFC, Havells India, Just Dail, Rallis India.
7.Reliance Industries Q3 (QoQ): Strong results, ( Buy on any dips)
Revenue up 7 percent at Rs 73,256 crore. Net profit up 2 percent at Rs 8,454 crore. EBITDA up 6 percent at Rs 13,744 crore. Margin at 18.8 percent versus 18.9 percent.
8.Wipro Q3 Overall weak results.
9.HDFC Life Q3 (YoY)Net premium income up 19 percent at Rs 5,420 crore. Net profit up 14.6 percent at Rs 207 crore versus Rs 180.6 crore.
10.GNA Axles Q3 (YoY)
Revenue up 48 percent at Rs 167 crore, Net profit up 57 percent at Rs 12.7 crore.
11.JP Associates & CDSL reported good set of numbers.
12.ONGC to buy government’s 51.1 percent stake in HPCL for Rs 36,915 crore at Rs 473.97 per share.
13.Tata Steel to raise Rs 12,800 crore via rights issue.
14.J Kumar Infra gets Rs 57 crore contract from Delhi Metro Rail Corporation.
15.U.S. Department of Justice imposes $5 million fine on Dr. Reddy's over drugs not being in child-resistant packing.( Negative for stock)
16.Bharti Airtel to transfer 25 percent stake in Bharti Telemedia to Nettle Infrastructure.
17.Rupee closed at 63.85/dollar versus 63.86/dollar on Thursday.
18.Long term portfolio Stocks to buy : Hero Moto, IRB Infra, SAIL, Karur Vysya Bank & Tata Motor