DSIJ Mindshare

Index Trends And Stocks In Action May 27, 2015

The Indian equity market ended in red for second successive trading session. A lack of triggers from global market too contributed to the weakness. The nifty index has formed a bearish candlestick pattern on the daily chart; this suggests that the bear’s are gaining momentum. Now going forward the index has strong support in the zone of 8280-8310, if the index sustains below this support zone expect it to retest lower level of 200-day EMA. On the upside the index has multiple resistances in zone of 8380-8445. The index is likely to trade volatile with negative ahead of the expiry.

Tata Motors has posted a 56% fall in consolidated net profit at Rs 1,717 crore in Q4FY15 against Rs 3,918 crore in the same period a year ago as its domestic business continued to drag and British arm Jaguar Land Rover witnessed a fall in profits. The firm reported a consolidated revenue of Rs 67,576 crore for the quarter ended March 2015, a growth of 3.5% over Rs 65,317 crore for the year-ago quarter, due to rise in wholesale volumes and richer product mix both in the standalone business and Jaguar Land Rover.

Tech Mahindra has posted a 23% decline in its net profit to Rs 472 crore in Q4FY15 as against net profit of Rs 614.21 crore in the corresponding quarter last fiscal, impacted by cross currency headwinds and salary hikes. The company's revenues, however, grew 20.9% to Rs 6,116.79 crore in the reported quarter from Rs 5,058.11 crore in the January-March quarter of 2014.

Gulf Oil Lubricants has posted net profit at Rs 21.7 crore and revenue of Rs 263.8 crore in Q4FY15. The Company has continued to deliver better than industry performance by achieving a Net Revenue growth of 12.2%. Operating revenue reported for FY15 at Rs 967 crore as compared to Rs 862 crore for the previous year and PBT at Rs 116 crore vs Rs 102 crore in the previous year. Company's EBIDTA has shown a healthy growth of 21% YoY with EBIDTA margins at 13.6%, an improvement of 100 bps for the year over previous year for Lubricants business.

The demerger of Arvind will take effect from Wednesday at the bourses. The company will demerge and transfer the real estate undertaking to Arvind Infrastructure. Shareholders will receive one Arvind Infrastructure share for every 10 equity shares held in Arvind. To identify the eligible shareholders, Arvind has fixed the record date as Thursday. From Wednesday, the share price will reflect only Arvind’s price, while the company plans to list the realty arm later.

DSIJ MINDSHARE

Mkt Commentary28-Mar, 2024

Mindshare29-Mar, 2024

Multibaggers28-Mar, 2024

Interviews28-Mar, 2024

Multibaggers28-Mar, 2024

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR