Hindustan Unilever (HUL), in a bid to cement its position in the water purifier business, has launched Pureit sachets. Recently, HUL also initiated several other innovations in products and packaging. We perceive the new positioning of Axe as the mother brand for all its male grooming products as a master stroke, as this segment is on a sharp uptrend. We expect HUL (largest soap player) to benefit from the correction in palm oil prices in coming quarters (however, rupee depreciation will limit gains) and softness in stance of major competitor, P&G. The key risk is delayed monsoon, which may impact rural demand. Vindicating our report, Go Contra; turnaround signals getting louder, dated May 26, 2010, the stock has since outperformed Nifty ~94% and crossed the INR1-tn market cap mark. Reiterate ‘BUY’.
26 June 2012
HUL - Leading the innovation game : Edelweiss, PDF link
Hindustan Unilever (HUL), in a bid to cement its position in the water purifier business, has launched Pureit sachets. Recently, HUL also initiated several other innovations in products and packaging. We perceive the new positioning of Axe as the mother brand for all its male grooming products as a master stroke, as this segment is on a sharp uptrend. We expect HUL (largest soap player) to benefit from the correction in palm oil prices in coming quarters (however, rupee depreciation will limit gains) and softness in stance of major competitor, P&G. The key risk is delayed monsoon, which may impact rural demand. Vindicating our report, Go Contra; turnaround signals getting louder, dated May 26, 2010, the stock has since outperformed Nifty ~94% and crossed the INR1-tn market cap mark. Reiterate ‘BUY’.
NSE, Bulk deals, 26-Jun-2012
| Date | Symbol | Client Name | Buy / Sell | Quantity Traded | Wght. Avg. Price | Remarks | |
| DBCORP | D.B.Corp Ltd | NALANDA INDIA EQUITY FUND LIMITED | BUY | 20,00,000 | 199.99 | - | |
| DBCORP | D.B.Corp Ltd | RELIANCE LIFE INSURANCE CO.LTD. | SELL | 10,00,000 | 200.00 | - | |
| DBCORP | D.B.Corp Ltd | RELIANCE MUTUAL FUND | SELL | 9,97,792 | 200.00 | - | |
| ELECON | Elecon Engg Co. Ltd. | HDFC MUTUAL FUND A/C. HDFC INFRASTRUCTURE FUND | SELL | 10,07,331 | 53.98 | - | |
| HDIL | Housing Development and I | GENUINE STOCK BROKERS PVT LTD | BUY | 24,35,498 | 83.76 | - | |
| HDIL | Housing Development and I | GENUINE STOCK BROKERS PVT LTD | SELL | 24,35,498 | 83.80 | - | |
| MANAPPURAM | Manappuram Finance Ltd | TRANSGLOBAL SECURITIES LTD. | BUY | 48,08,532 | 29.75 | - | |
| MANAPPURAM | Manappuram Finance Ltd | TRANSGLOBAL SECURITIES LTD. | SELL | 48,08,532 | 29.77 | - | |
| PEARLPOLY | Pearl Polymers Ltd | AMIT SETH | BUY | 2,30,000 | 9.67 | - | |
| PEARLPOLY | Pearl Polymers Ltd | PEARL INT. TOURS & TRAVELS LTD | SELL | 1,45,000 | 9.61 | - | |
| THINKSOFT | Thinksoft Global Ser Ltd | CROSSEAS CAPITAL SERVICES PVT. LTD. | BUY | 1,64,762 | 80.03 | - | |
| THINKSOFT | Thinksoft Global Ser Ltd | CROSSEAS CAPITAL SERVICES PVT. LTD. | SELL | 1,64,762 | 79.80 | - | |
| THINKSOFT | Thinksoft Global Ser Ltd | DINESH MUNJAL(HUF) | BUY | 54,674 | 81.57 | - | |
| THINKSOFT | Thinksoft Global Ser Ltd | DINESH MUNJAL(HUF) | SELL | 54,674 | 81.61 | - | |
| THINKSOFT | Thinksoft Global Ser Ltd | INDUS PORTFOLIO (P) LTD | BUY | 1,03,554 | 79.46 | - | |
| THINKSOFT | Thinksoft Global Ser Ltd | INDUS PORTFOLIO (P) LTD | SELL | 1,03,554 | 79.53 | - | |
| THINKSOFT | Thinksoft Global Ser Ltd | SHREE NAMAN SECURITIES & FINANCE PVT. LTD | BUY | 68,520 | 80.37 | - | |
| THINKSOFT | Thinksoft Global Ser Ltd | SHREE NAMAN SECURITIES & FINANCE PVT. LTD | SELL | 62,199 | 80.36 | - | |
| TRICOM | Tricom India Limited | AJAS COMPONENTS PVT LTD | SELL | 8,75,000 | 5.12 | - |
BSE, Bulk deals, 26/6/2012
| Deal Date | Scrip Code | Company | Client Name | Deal Type * | Quantity | Price ** | ||||
| 26/6/2012 | 524412 | Aarey Drugs | LEADAGE TRADING PRIVATE LIMITED | B | 71343 | 25.23 | ||||
| 26/6/2012 | 524412 | Aarey Drugs | LEADAGE TRADING PRIVATE LIMITED | S | 75092 | 25.49 | ||||
| 26/6/2012 | 532682 | ABG Shipyard | NIPPON INVESTMENT AND FINANCE COMPANY PRIVATE LIMITED | B | 514000 | 376.56 | ||||
| 26/6/2012 | 511706 | Action Fin | PINKY JAJODIA | B | 60000 | 37.89 | ||||
| 26/6/2012 | 512301 | Chambal Brew | JAYANT SECURITY & FINANCELTD | B | 53000 | 82.35 | ||||
| 26/6/2012 | 531648 | Croitre Inds | SLP TRADERS (SATISH VASANT GHONE ) | B | 42900 | 75.80 | ||||
| 26/6/2012 | 531648 | Croitre Inds | SUNITA BANSAL | S | 50000 | 76.92 | ||||
| 26/6/2012 | 530581 | Ekam Leasing | CHANDRA PRABHU INTERNATIONAL LTD | S | 41800 | 14.30 | ||||
| 26/6/2012 | 505700 | Elecon Engr | HDFC MUTUAL FUND A/C HDFC INFRASTRUCTURE FUND | S | 1000000 | 54.00 | ||||
| 26/6/2012 | 532622 | Gateway Distr | MORGAN STANLEY ASIA (SINGAPORE) PTE | B | 950000 | 131.00 | ||||
| 26/6/2012 | 511638 | Madhur Capital | SHALIN VINITBHAI PARIKH | S | 80000 | 10.07 | ||||
| 26/6/2012 | 505525 | Parichay Invest | JHAVERI SANJEEV BURMAN | S | 7624 | 192.02 | ||||
| 26/6/2012 | 513403 | PM Telelinnks | NIMIT JAYENDRA SHAH | B | 50456 | 164.65 | ||||
| 26/6/2012 | 513403 | PM Telelinnks | NIMIT JAYENDRA SHAH | S | 50456 | 163.75 | ||||
| 26/6/2012 | 531207 | Raymed Labs | MAXIM FINANCIAL SERVICES PRIVATE LIMITED | B | 22500 | 24.79 | ||||
| 26/6/2012 | 531794 | Seshachal Tech | SUMIT SUNIL SADH | S | 38861 | 12.06 | ||||
| 26/6/2012 | 511754 | Shalibhadra Fin | JIGNESHKUMAR HARSHVADAN GANDHI | S | 31784 | 57.52 | ||||
| 26/6/2012 | 531695 | SHREYCHEM | TOGADIYA HARESHBHAI MADHABHAI | S | 45944 | 60.30 | ||||
| 26/6/2012 | 513515 | SR Inds | AVN CORPORATE RESEARCH PRIVATE LIMITED | B | 87757 | 5.11 | ||||
| 26/6/2012 | 513515 | SR Inds | DINESH CHAND GARG(HUF) | S | 83820 | 5.12 | ||||
| 26/6/2012 | 514138 | Suryalata Spin-$ | JAMSON SECURITIES PRIVATE LIMITED | B | 94751 | 57.00 | ||||
| 26/6/2012 | 514138 | Suryalata Spin-$ | RAVINDER REDDY NANDI | S | 99851 | 57.00 | ||||
| 26/6/2012 | 533121 | THINKSOFT | A K G SECURITIES AND CONSULTANCY LTD | B | 66888 | 80.09 | ||||
| 26/6/2012 | 533121 | THINKSOFT | CROSSEAS CAPITAL SERVICES PRIVATE LIMITED | B | 164662 | 79.73 | ||||
| 26/6/2012 | 533121 | THINKSOFT | A K G SECURITIES AND CONSULTANCY LTD | S | 66888 | 80.14 | ||||
| 26/6/2012 | 533121 | THINKSOFT | CROSSEAS CAPITAL SERVICES PRIVATE LIMITED | S | 164662 | 80.04 | ||||
| 26/6/2012 | 531675 | Tricom India-$ | AJAS COMPONENTS PVT LTD | S | 365000 | 5.17 | ||||
| * B - Buy, S - Sell | ||||||||||
| ** = Weighted Average Trade Price / Trade Price | ||||||||||
FII & DII trading activity across NSE and BSE 26-06-2012
| Category | Buy | Sell | Net |
| Value | Value | Value | |
| FII | 1471.53 | 1458.5 | 13.03 |
| DII | 625.14 | 980.19 | -355.05 |
--
Trading Today (June 26, 2012) Emkay
Trading Today
(June 26, 2012)
| ||||||||
| ||||||||
FII DERIVATIVES STATISTICS FOR 26-Jun-2012
| FII DERIVATIVES STATISTICS FOR 26-Jun-2012 | |||||||
| BUY | SELL | OPEN INTEREST AT THE END OF THE DAY | |||||
| No. of contracts | Amt in Crores | No. of contracts | Amt in Crores | No. of contracts | Amt in Crores | ||
| INDEX FUTURES | 166079 | 4227.38 | 134556 | 3426.94 | 682950 | 17112.80 | 800.44 |
| INDEX OPTIONS | 635822 | 16133.65 | 599086 | 15205.22 | 1974472 | 50533.65 | 928.43 |
| STOCK FUTURES | 249007 | 6287.95 | 248914 | 6449.87 | 1009147 | 25163.59 | -161.92 |
| STOCK OPTIONS | 31342 | 818.31 | 32494 | 848.35 | 52206 | 1352.30 | -30.04 |
| Total | 1536.90 | ||||||
--
Construction - Dedicated Freight Corridor: Tracking growth; sector update : Edelweiss, PDF link
The ambitious Dedicated Freight Corridor (DFC) project, targeting creation of high-capacity, high-speed railway corridors dedicated to freight movement, boasts of being India’s largest-ever infrastructure project. The Delhi-Mumbai and Delhi-Kolkata corridors, with an estimated completion cost of ~INR900bn, are expected to revolutionise freight transport in India. With a 2017-18 completion target, steady progress in land acquisition and funding, we expect the next couple of years to see a lot of action on the project award side. This will trigger significant opportunities for EPC players like L&T, IVRCL, NCC, among others, apart from giving a fillip to the country’s logistic network.
Taking loan against credit card:Business Line
Taking a loan against your credit card will reduce your cash withdrawal limit and the overall credit limit of the card for the tenure of the loan.
One big drawback of cash withdrawal against credit cards is the high interest rate charged. At times, there is no free credit period available too. Besides, you need to dole out money in terms of some unnecessary processing charges. To overcome these drawbacks, you can instead consider a loan against your credit card in case you need some urgent cash.
Profiting from financial inclusion :Business Line
The Government’s Financial Inclusion Plan (FIP) for providing banking facilities to all six lakh villages in the country has its share of critics. Since its launch two years ago, the primary argument against the FIP has been that compulsory rural operations are a drag on the profitability of banks.
This could be the reason why Indian commercial banks missed out on their self-set targets for providing banking facilities in all villages with a population above 2,000 by March 2012. Against 74,414 villages identified and allotted among all the banks for coverage, as of March 2012, outlets were opened to cover 74,199 villages.
The primary argument against the FIP in its present form has been that merely providing every household with a bank account does not qualify as financial inclusion. Many of these accounts remain inactive, as villagers are either unconvinced of the merits of parking their monies in banks or simply don’t have the funds.
Pratibha Industries -Going strong in tough environment; we reiterate a Buy:: Anand Rathi
Pratibha Industries
Going strong in tough environment; we reiterate a Buy
We met the management of Pratibha Industries recently. Its order book
is `56bn, up 55% yoy, with a strong L1 position. Management has
guided to an order inflow of `40bn during FY13 and is confident of
maintaining the OPM at the current level. We retain our estimates and
iterate our Buy, with a price target of `73.
Stress test outcome: ICICI/Axis remain top picks ::Prabhudas Lilladher,
Stress test outcome: ICICI/Axis remain top picks
In our sensitivity analysis, we adjust book values for current stress assets recognized
and potential future stress from Infra and other stress sectors mentioned above:
Recognized stressed assets
NPA coverage of 70% : Axis/ICICI’s NPA coverage is >70% but adjusting for NPA
coverage, PSU bank’s book values is impacted by 5-10% as we adjust book
values for shortfall up to 70%.
Markets for Derivatives :Business Line
n today’s column we will be discussing where derivatives contracts trade. There are basically two types of markets in which derivative contracts trade. These are exchange traded market and over-the-counter (OTC) market.
Exchange-traded derivative contracts (ETD): They are instruments that are traded via specialised derivatives exchanges or platforms on other exchanges. A derivatives exchange is a market where individuals trade standardised contracts that have been defined by the exchange. A derivatives exchange acts as an intermediary to all related transactions, and takes initial margin from both sides of the trade to serve as a guarantee.
Berger Paints India Ltd:: Target Price Rs.190.00 ::Hem Sec
Berger Paints India Ltd. (BPIL) is one of the India’s foremost
paint companies, currently ranked as second largest on the basis
of consolidated sales turnover in Indian paint industry. It enjoys
about 19 percent share of the over Rs.21,000 crore of the Indian
paint industry.
Why portfolio diversification helps :Business Line
You may have a typical portfolio containing several stocks, bond funds and other assets because you believe that such diversified investments will not suffer large losses when the market crashes.
The 2008 sub-prime crisis, however, showed us that “diversified” investments cannot protect you during market crashes. So, why should you buy diverse assets? In this article, we show that the reason for buying diverse assets extends beyond simple diversification.
Stocks in News : 26 June: Edelweiss
Stocks in News
Sesa Goa’s merger with Sterlite gets shareholder approval (ET)
Respite for Kingfisher as LKP fin to buy 8% (ET)
Natco Pharma loses patent suit in US (ET)
9 PSU banks form consortium for Infra lending (ET)
NTPC ends row with Coal India over FSA (ET)
Reliance Industries told to step up gas supply to urea units (ET)
Lakshmi Vilas raises deposit rates by 0.5% (ET)
GMR Infra moves appellate tribunal for higher aeronautical charges (BS)
Etihad, Qatar airways eye stake in SpiceJet (BS)
Fortis healthcare eyes 26% stake in renewable energy companies (BS)
Pipavav gets nod to raise $200 million (BS)
L&T looks to sell stake in infra unit (MINT)
Subscribe to:
Posts (Atom)