Market News · MARKET-HUB Nifty ends below 11,500, Sensex falls 222 points; auto stocks slip Benchmark indices ended lower but off day's low on Friday with Nifty finished below 11,500

MARKET-HUB

Nifty ends below 11,500, Sensex

falls 222 points; auto stocks slip

Benchmark indices ended lower but

off day's low on Friday with Nifty

finished below 11,500 level. At close,

the Sensex was down 222.14 points at

38164.61, while Nifty was down

64.10 points at 11456.90. About 1009

shares have advanced, 1665 shares

declined, and 143 shares are

unchanged.

Rupee slips 12 paise to 68.95 against

US dollar

The rupee Friday declined by 12 paise

to close at 68.95 against the US dollar

on rise in demand for the greenback

from importers and sell-off in

domestic equities.

ABans Enterprises: Board approved

acquiring Abans Jewels Private

Limited, a entity owned by Promoter

and Managing Director, Abhishek

Bansal and Non-Executive Director,

Shriyam Bansal.

Adani Transmission: Board

approved the buy-back of 10,000 non-

convertible debentures (NCDs)

aggregating upto Rs 1,000 crore from

the existing debenture holders in one

or more tranche.

IDFC First Bank: Bank sold the

entire stake of 2,71,97,743 equity

shares comprising approximately 8.37

percent of the share capital of Asset

Reconstruction Company (India)

Limited [Arcil].

Power Finance Corporation, REC:

PFC acquired 52.63 percent stake in

REC from Government of India, at Rs

14,500 crore.

Jet Airways: Banks to ask Naresh

Goyal to step down from Jet Airways

with immediate effect and want

Naresh Goyal to bring his stake down

to 10%: CNBC-TV18 Sources

Aarti Drugs has approved buyback of

2,82,100 fully paid up equity shares

of face value Rs 10 each representing

up to 1.2 percent of the total number

of equity shares. The buyback is fixed

at a price of Rs 900 per equity share

for an aggregate amount of up to Rs

25.39 crore via tender offer.

The record date for the said purpose is

proposed on March 29, 2019. Aarti

Drugs is buying back its shares at a

premium of 37 percent to the current

price of Rs 655.

IT company Infosys on Friday said it

would invest USD 10 million (nearly

Rs 70 crore) in California-based

artificial intelligence-focussed The

House Fund II. "The company

announced today that it will be

entering into an agreement with The

House Fund II, LP, an AI-focused

fund targeting start-ups from the

University of California, Berkeley,

committing to invest USD 10

million," the company said in a note.

NEWS LETTER

Beyond Research,

Beyond Advice

23rd March 2019

Issue – 341

Market News

MARKET-HUB

Corporate Action

Company Name Type

& Percentage

Record Date Ex-Date

Bonus Sukhjit Starch Bonus Ratio (1:1) 28-03-2019 27-03-2019

Inflame Applian Bonus Ratio (1:2) 30-03-2019 28-03-2019

Splits ISGEC Heavy Eng New FV 1 - 28-03-2019 Sai Baba Invest New FV 10 - 28-03-2019

Dividend

United Nilgiri Interim (0%) 26-03-2019 25-03-2019 Mishra Dhatu Ni Interim (16.80%) 26-03-2019 25-03-2019

ONGC Interim (0%) 27-03-2019 26-03-2019 NLC India Interim (45.30%) 27-03-2019 26-03-2019 FIEM Ind Interim (80%) 27-03-2019 26-03-2019

Bharat Dynamics Interim (52.50%) 27-03-2019 26-03-2019 Aegis Logistics Interim (50%) 27-03-2019 26-03-2019

IOC Interim (15%) 28-03-2019 27-03-2019 Hindustan Aeron Interim (198%) 29-03-2019 28-03-2019

Alankit Interim (20%) 29-03-2019 28-03-2019 CRISIL Final (1100%) - 28-03-2019 BEML Interim (0%) 29-03-2019 28-03-2019

Results & Corporate Action

MARKET-HUB

Nifty Spot In Last Week :-

As we saw the Price Movement in Nifty Spot in last week that In Upside is

11,572.80 and in Downside 11,412.50.

Nifty Spot In Upcoming Week :-

There is strong Resistance is 11,640 There is possibility of profit booking on this

level if close above 11,640 the next level 11,740, down side 10,310 is strong

support buy on deep with sl 11,170 upside target will be 11,640 to 11,740

possibility

Bank Nifty in Upcoming week :-

Buy in deep with sl 28,500 day closing base upside target will be 31,100 if close

above 31,100 level then next target 30,930 possibility.

Alert:- PCR: 1.40 PE: 28.08 PB: 3.62 DIVIDENDE YIELD : 1.18. Trade with Cautious.

Market Technical

Page: - 2

Recommendation for next week

BANKNIFTY WEEKLY CHART

NIFTY WEEKLY CHART

MARKET-HUB

Copper:- Sell on rise with sl 470 closing base

target will be 438 to 432 possibility buy in deep

with stoploss 428 if close above two day 470 level

then upside target 513 possibility.

Crude:- Sell on rise with stoploss 4,150 down

side target 3,820 possibility, buy in deep with sl

3,800 upside target 4,150 if close above 4,150

then next up target 4,330.

Silver :- Buy in deep around 37,180 with stop

loss 36,000 upside target will be 38,300 to

39,300 possibility.

Gold :- If not close above 32,300 Till then

sell on rise down side target will be 31,500 to

31,450 possibility, Buy in deep with stoploss

31,350 up side if close above 32300 then next

up target will be 32600 possibility.

Commodity Market

MARKET-HUB

USDINR: Investors can Sell on rise around 70.00

to 70.20 with stop loss of 70.57 down side target

will be 69.00 to 68.50 ,Buy in dip with stop loss

68.40 upside target will be 70.00 to 70.20.

GBPINR: Investors can buy in dip with the

stop loss of 90.55 and upside target will be 92.00,

if break 90.55 then down side target 89.75

possibility.

EURINR: If not close above 79.90 Till

then sell on rise down side target will be 77.50

possibility.

JPYINR:- Investors can sell on rise with

the stop loss of 63.70 and down side target will

be 61.30 to 60.60 possibility.

Currency Market (Future Levels)

MARKET-HUB

After long time the Indian rupee was able to maintain a level below 70/- against the

US Dollar.

In spite of the fact that Crude oil is continuously surging ahead and has touched the

highest level of 2019, things are going right for the Rupee.

After pouring in Rs. 13,000 crores in February, FIIs have brought another Rs.

25,000 crores till 20th March in the Indian capital market. This was the great

support to the Rupee.

Also, the US Fed had changed its stance from hawkish to dovish and had conveyed

that it is no longer in mood to contract the balance-sheet. It has also conveyed that

it is not going to hike the interest rate. In terms of cash-flow this was a big positive

news for all the emerging countries including India. The Brexit news also was a

global positive.

In the coming week, the rupee direction will depend mostly on crude price, clarity

on US-China trade talk and political developments for the union elections in the

country.

Premium / Discount (USD/

INR) Based on Forward Rates

Duration Premium One month

Forward

0.26

Three month

Forward

0.46

Six month 1.01

One year 2.11

RBI reference Rates

Currency Rates

USD 68.66

GBP 90.28

Euro 78.14

100 Yen 61.97

Currency Corner

MARKET-HUB

Torrent Power Ltd.

About

Torrent Power Ltd., incorporated in the year 2004, is a Mid Cap company (having a market cap of Rs 12258 Crore) operating in Power sector.

Torrent Power Ltd. key Products/Revenue Segments include Income From Power Supply which contributed Rs 10899.23 Crore to Sales Value (95.07 % of Total Sales), Manufactured Goods which contributed Rs 286.82 Crore to Sales Value

(2.50 % of Total Sales), Other Operating Revenue which contributed Rs 278.09 Crore to Sales Value (2.42 % of Total Sales) and Traded Goods which contributed

Rs .07 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-12-2018, the company has reported a Consolidated sales

of Rs 3253.50 Crore, down -5.55 % from last quarter Sales of Rs 3444.54 Crore and up 18.11 % from last year same quarter Sales of Rs 2754.64 Crore Company

has reported net profit after tax of Rs 238.19 Crore in latest quarter.

Pros:

Company has been maintaining a healthy dividend payout of 24.73%

Cons:

The company has delivered a poor growth of 7.05% over past five years.

Company has a low return on equity of 10.49% for last 3 years.

• Market Cap: 12,258 Cr.

• Current Price: 255.05

• 52 weeks High / Low 276.60 / 212.10

• Book Value: 181.36

• Stock P/E: 11.23

• Dividend Yield: 1.96 %

• ROCE: 13.35 %

• ROE: 12.26 %

• Sales Growth (3Yrs): 3.59 %

• Face Value: 10.00

Fundamental

Page: - 3

MARKET-HUB

Torrent Power Ltd Share Holding

Category No. of shares Percentage

Promoters 257,443,318 53.57

Others 63,810,439 13.28

NBFC and Mutual Funds 45,271,903 9.42

General Public 37,341,947 7.77

Financial Institutions 35,759,990 7.44

Foreign Institutions 33,930,391 7.06

Central Government 7,058,796 1.47

Financial