CapitalStars Updates: INDIAN EQUITY BENCHMARKS MARKET WRAPUP

INDIAN EQUITY BENCHMARKS on Friday as investors saw a four-session losing streak as overdone, while gains in regional markets and expectation of a rate cut by the central bank next week also helped sentiment. The S&P BSE Sensex and CNX Nifty ended 1.17%-1.38% higher each.

Headlines for the day:

• Berger Paints Q4 consolidated net profit up 5% at Rs58.08 cr (YoY)
• Ramco Cements surges on strong Q4FY2015 performance
• M&M surges as Q4FY15 results in-line with estimates; Tractor Biz Weak    

The crucial resistance for Nifty is now seen at 8459 and above this 8487. Support for the immediate term is now placed at 8365 and next support will be 8317.

CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market. CapitalStars also aveliable on social network

• CapitalStars Twitter
• CapitalStars Linkedin
• CapitalStars Facebook

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities including bullions, metals & Agro- commodities traded in MCX and NCDEX.

29 May 2015 TOP CORPORATE NEWS

TOP CORPORATE NEWS

Government to award projects worth Rs3.5 lakh crore

Government to award projects worth Rs3.5 lakh crore in next six months – Positive for IRB Infrastructure, IL&FS Transportation, Ashoka Buildcon, Sadbhav Engineering, KNR Construction, MBL Infrastructure among others. In a press conference yesterday, Mr. Nitin Gadkari highlighted the development plans in the road sector.  The government has set an ambitious target of awarding highway projects worth Rs3.5 lakh crore in the  next six months.

Amara Raja posts robust 30% growth in net profit

Battery manufacturer Amara Raja posted a strong 20.5% growth in sales for Q4FY15. Benefitting from weak raw material prices, the gross margins for the quarter expanded by 240bps which aided in an impressive 200bps EBITDA margin expansion to 17.5%. The adjusted net profit for the quarter was up 30.5% YoY to Rs109.5 crore.

India Cements reports Rs36.60 cr net profit in Q4

As India Cements Ltd has announced the following results for the quarter & year ended March 31, 2015: The Company has posted a net profit of Rs36.60 crore Vs net loss of Rs157.12 crore (YoY).Total Income is at Rs1043.10 crore Vs Rs1124.71 crore (YoY). For the Year ended March 31, 2015: The Company has posted a net profit of Rs29.45 crore Vs net loss of Rs162.41 (YoY). Total Income is at Rs4454.40 crore Vs Rs4497.93 crore.The Audited Consolidated results for the Year ended March 31, 2015 .The Group has posted a net loss of Rs3.31 crore Vs net loss of Rs243.38 crore (YoY).Total Income is at Rs5082.85 crore Vs Rs5109.05 crore (YoY).

United Breweries Q4 net profit at Rs48 crore

Net profit at Rs259.84 crore vs Rs226.02 crore (YoY).Total Income at Rs4729.88 crore vs Rs4250.63 crore (YoY). The Board of Directors recommended payment of Dividend of Re1 per equity share of Re1 for the Financial Year ended March 31, 2015 and has also approved payment of 3% Dividend on Cumulative Redeemable Preference Shares to Scottish & Newcastle India Limited.

Lloyd Electric spurts on good results

Shares of Lloyd Electric & Engineering surged 12% to Rs217 on NSE after the company reported good results – Positive .The company reported 21% yoy growth in Q4 standalone revenue mainly led by good offtake in OEM and consumer durables segment. Led by operating leverage, OPM improved to 16.4% which was the highest in at least last 8 quarters.

Rattan India Power Q4 net loss widens to Rs129 crore

Consolidated :Quarter ended March 31, 2015 .Net loss at Rs223.58 crore vs net loss of Rs16.92 crore (YoY) .Total Income at Rs156.46 crore vs Rs149.73 crore (YoY). Year ended March 31, 2015 .Net loss at Rs663.98 crore vs net loss of Rs101.27 crore (YoY) .Total Income at Rs686.48 crore vs Rs397.61 crore (YoY)

GMDC Q4 consolidated net profit at Rs235 cr

Consolidated. For the Quarter ended March 31, 2015 .The Group has posted a net profit of Rs234.95 crore Vs Rs191.77 crore (YoY). Total Income is at Rs446.48 crore Vs Rs484.25 crore (YoY).

For the Year ended March 31, 2015. The Group has posted a net profit of Rs500.32 crore Vs to Rs 439.08 crore (YoY). Total Income is at Rs1562.32 crore Vs Rs1427.04 crore (YoY).

The Board of Directors of the Company at its meeting held on May 28, 2015, has recommended a dividend of Rs3 per share (150%) for the financial year 2014-15.

REC Q4 net profit drops to Rs1097 crore

Net profit at Rs5344.42 crore vs Rs4741.25 crore (YoY).Total Income at Rs20549.86 crore vs Rs17228.94 crore (YoY).The Board of Directors recommended the Final Dividend of Rs2.70 per share (on the face Value of Rs10 each) for the Financial Year 2014-15, subject to approval of the Shareholders in the ensuing Annual General Meeting. This is in addition to the Interim Dividend of Rs8.00- per share already declared & paid in the month of February, 2015 for the Financial Year 2014-15 thereby making total dividend for the Financial Year 2014-15 to Rs10.70 per share (on the face Value of Rs10 each).

The Final Dividend of Rs2.70 per share, if declared at the ensuing Annual General Meeting (AGM), would be paid to the Shareholders within 30 days from the date of AGM.

CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market. CapitalStars also aveliable on social network

• CapitalStars Twitter
• CapitalStars Linkedin
• CapitalStars Facebook

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities including bullions, metals & Agro- commodities traded in MCX and NCDEX.

CapitalStars Updates: INDIAN BENCHMARKS

Dear all,

INDIAN BENCHMARKS are likely to open on a subdued note as the global cues look unsupportive with SGX Nifty trading 17 points lower.

Events for the day:

GDP YoY data to be announced
GDP Annual Estimate YoY to be released
                                                                                       
Headlines for the day:

• GMR consortium bags Rs5080 crore DFCC contract
• Amara Raja posts a robust 30% growth in net profit
• DCM Limited reports 4x jump in net profits

Results on May 29, 2015

Berger Paints, Cipla, EID Parry, India Cements, Indian Hotels, The Ramco Cement, M&M, Bosch, Unitech, Reliance Capital, BEML, Bharat Electron, SAIL, Neyveli Lignite, Sun Pharma, Oil India, Jet Airways, NTPC, IOCL, NHPC, Suzlon Energy, PVR, Sun TV, Info Edge, Glenmark Pharma, Hathway Cable, GMR Infra, RComm, Religare, IRB Infra, Just Dial.

Trend in FII flows: The FIIs were net sellers of Rs -792.54 Cr in the cash segment on Thursday while the DIIs were net buyers of Rs  683.29 Cr, as per the provisional figures released by the NSE.

CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market. CapitalStars also aveliable on social network

• CapitalStars Twitter
• CapitalStars Linkedin
• CapitalStars Facebook

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities including bullions, metals & Agro- commodities traded in MCX and NCDEX.

CapitalStars Updates: INDIAN EQUITY BENCHMARKS MARKET WRAPUP

INDIAN EQUITY BENCHMARKS  ended little-changed on Wednesday as gains in banking stocks on expectations of a rate cut offset a fall in shares of Tata Motors. The S&P BSE Sensex rose 0.12% and CNX Nifty ended 0.06% lower.

Headlines for the day:

• TTK Prestige Q4 net profit drops 63% (YoY)
• Aban Offshore Q4 Consolidated net profit comes at Rs114 crore
• Balrampur Chini Q4 net profit comes at Rs76 crore
• Gail Q4 earnings below estimates.

Results on May 28, 2015

• Bajaj Electrical, Crompton Greaves, Escorts, Hindalco Inds., Cummins India, Tata Global, Apollo Hospitals, Finolex Inds., Amara Raja Batteries, BPCL, HPCL, Alok Ind, Hind Copper, Aurobindo Pharma, Power Grid, BoI, ONGC, Wockhardt, Coal India, NMDC, Power Finance, Gujarat Pipavav, Page Inds, Container Corp, Rajesh Exports, GMDC, RECL, PTC India, IGL, Pipavav Defence, United Breweries, Fortis Healthcare, Mcleod Russel, Jaypee Infratech, Rattan India Power.

The crucial resistance for Nifty is now seen at 8372 and above this 8405. Support for the immediate term is now placed at 8313 and next support will be 8287.

CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market. CapitalStars also aveliable on social network

• CapitalStars Twitter
• CapitalStars Linkedin
• CapitalStars Facebook

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities including bullions, metals & Agro- commodities traded in MCX and NCDEX.

27 May 2015 TOP CORPORATE NEWS

TOP CORPORATE NEWS

Banks seek 50 bps cut in Cash Reserve Ratio

Ahead of the monetary policy review, the Indian Banks’ Association (IBA) has sought a 50-basis point cut in the cash reserve ratio ( CRR). The Banks have been suggesting RBI that they continue to hold surplus funds (SLR) and borrowings from RBI is nominal.

Ashok Leyland receives rating upgrade from ICRA

Ashok Leyland has received a rating upgrade from ICRA. The rating agency has upgraded Ashok Leyland’s long term debt from A+ to AA-. The short term loans and commercial paper continue to be rated A+. Positive for the company.

SSWL bags Hyundai India's Passenger Car Program

Steel Strips Wheels ( SSWL) has announced that company has bagged Hyundai India's Passenger Car Program worth Rs110 crores.

Crompton Greaves wins contract in Europe

Crompton Greaves won an important contract to supply ZIV data concentrator units (Distribution Tranformer Controller) to EDP, one of the major European operators in Energy sector. ZIV’s DCU is gaining strong acceptance in market which retrieves and store data from the meters and periodically send to management system, apart from several other management functions.

ITNL emerges lowest bidder for Rs315 crore road project

IL&FS Transportation Networks along with its wholly owned subsidiary, Elsamex SA was declared as the lowest bidder in the bids submitted to Madhya Pradesh Road Development Corporation Limited for upgradation of 2 road projects namely, 1. Bandri-Jaruwakheda, Nirtala-Mandi-Bamora and Damoh-Hindoriya-Patera Sections comprising of 76.23 kms and 2. Pachawali - Rannod, Rannod- Pichhore, Bhasula-Chainpur, Vijaypur- Dhanrawad and Ashok Nagar-Thubon Sections comprising of 110.62 kms aggregating to 186.85 kms in the State of Madhya Pradesh on Output and Performance based Road Contract.

Kolte Patil board approves merger scheme

Kolte Patil Developers has announced that the Board of Directors of the Company at its meeting held on May 26, 2015, has approved a scheme of merger of Olive Realty and Yashowardhan Promoters and Developers Pune, Wholly Owned Subsidiary Companies of the Company. This merger is being planned in order to synergize the operational and business efficiencies of this Company.

TVS Srichakra will develop radial two wheeler tyres

TVS Srichakra, the tyre manufacturing arm of TVS Group, will be developing radial two wheeler tyres for the BMW- TVS Motor joint venture products. Positive for the company.

Kaveri seeds Management concall key take away

As per management expectation of cotton acreage is likely to remain at current level. During current year income of farmer remain on the lower side hence it has impacted the spending by  farmers.

Timely monsoon is likely to help increase in acreage of cotton in Andhra Pradesh, Maharashtra and Karnataka however cotton acreage is likely to see marginal decline in northern parts of the country.

CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market. CapitalStars also aveliable on social network

• CapitalStars Twitter
• CapitalStars Linkedin
• CapitalStars Facebook

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities including bullions, metals & Agro- commodities traded in MCX and NCDEX.

CapitalStars Updates: INDIAN BENCHMARKS

NDIAN BENCHMARKS are likely to open on a dull note as the global cues look unsupportive with SGX Nifty trading 67 points lower.

Headlines for the day:

• Thermax's net up 24.5 % at Rs132 crore
• DLF to pay Rs80 cr to law firm for rescinding from agreement
• Astarc Ventures invests Rs6 cr in online home decor firm Renderlog

Results on May 27, 2015

• Bata India, Bayer Crop Science, Reliance Infra., Trent, Max India, Tata Chemicals, Aban Offshore, Godrej Inds., Balrampur Chini, Tata Communications, Bhushan Steel, TTK Prestige, Engineers India, SJVN, GAIL, Redington India, Jindal Steel

Trend in FII flows: The FIIs were net buyers of Rs 114.81 Cr in the cash segment on Tuesday while the DIIs were net buyers of Rs  123.85 Cr, as per the provisional figures released by the NSE.

CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market. CapitalStars also aveliable on social network

• CapitalStars Twitter
• CapitalStars Linkedin
• CapitalStars Facebook

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities including bullions, metals & Agro- commodities traded in MCX and NCDEX.

CapitalStars Updates: INDIAN EQUITY BENCHMARKS

INDIAN EQUITY BENCHMARKS fell for a second consecutive session on Tuesday, as caution ahead of major company earnings such as Tata Motors Ltd and uncertainty about Greece's fiscal woes prompted investors to trim positions. The S&P BSE Sensex and CNX Nifty ended 0.41%-0.37% lower each

Headlines for the day:

• Kaveri Seed Q4 consolidated net profit down 30% (YoY)
• BHEL Q4 net profit beats estimates
• IFCI Q4 net profit down 30% to Rs120 cr (YoY)
• Dish TV reports good Q4 earnings; Net Profit at Rs35 cr

Results on May 27, 2015

• Bata India, Bayer Crop Science, Reliance Infra., Trent, Max India, Tata Chemicals, Aban Offshore,
• Godrej Inds., Balrampur Chini, Tata Communications, Bhushan Steel,  TTK Prestige, Engineers India, SJVN, GAIL, Redington India, Jindal Steel

The crucial resistance for Nifty is now seen at 8324 and above this 8420. Support for the immediate term is now placed at 8314 and next support will be 8264.

CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market. CapitalStars also aveliable on social network

• CapitalStars Twitter
• CapitalStars Linkedin
• CapitalStars Facebook

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities including bullions, metals & Agro- commodities traded in MCX and NCDEX.

26 May 2015 TOP CORPORATE NEWS

TOP CORPORATE NEWS

Punj Lloyd bags project from NHAI

Punj Lloyd has announced that the Company has secured a 41 km long, Rs541.84 crore road project from National Highways Authority of India ( NHAI) in Bihar. The scope of the work for the project includes Four laning from 360.915 km to 402.000 km of the Gorakhpur – Gopal gang section of NH-28 in Bihar.

Adani Enterprises fixes record date for scheme of arrangement, demerger

Adani Enterprises has announced that the company has fixed June 04, 2015, as the record date for the purpose of scheme of arrangement & demerger. In January 2015, the company had announced a plan to demerge the group’s port and power operations into Adani Ports & Special Economic Zone ( SEZ) and Adani Power. The group’s transmission company will be listed on the stock exchanges and mining company merged with Adani Enterprises.

Corporation Bank cuts base lending rate by 25 bps

Corporation Bank has announced that the Bank has revised the Base Rate for lending from 10.25% p.a. to 10.00% p.a. with effect from June 01, 2015.

Govt confident of achieving direct tax collection target

The Indian Government has said that the Direct Tax collection target of Rs7.98 lakh crore for the current financial year is likely to be met due to the improvement in economic growth.

Further reports added that, Revenue Secretary Shaktikanta Das says that the target of Rs7.98 lakh crore that has been set for 2015-16 is very much achievable. It is a very realistic target, aligned with the kind of GDP growth which has been forecast in the economic survey and it is also based on our internal analysis and past and historical trends; Revenue Secretary Shaktikanta Das as saying this.

CESC eyes acquisition of generation assets

CESC is eyeing acquisition of power assets and ensuring fuel security for new plants. Further, CESC's revival of its long planned 1320 mw project at Balagarh in West Bengal depends on the ability of the company to win coal linkages in the upcoming e-auction. Apart from thermal power, renewable would be another focus area- it is adding 17 mw solar power capacity in Tamil Nadu in next couple of months taking total renewable capacity to 75 mw.

Grasim sells consumer products business to Future Group

Grasim Industries, will sell its consumer products business to Future Consumer Enterprise Ltd on a slump sale basis. Grasim’s consumer products division makes face care wipes, baby wipes and other products in baby/house care segments under brands including Kara, Puretta, Handys and Prim.

Metals and Mining: States to start auction of 200 mines next month

States to start auction of 200 mines next month, positive for Sesa Goa among others, could be sentimentally negative for NMDC as it will reduce it competitive advantage for supply of Iron ore

Beginning next month, eight mineral-rich states will start the e-auction of 200 mines with iron ore, limestone and bauxite deposits. The states have been empowered by the centre to auction mines with these three mineral resources. These 200 mines are mainly concentrated in Rajasthan, Jharkhand, Madhya Pradesh, Chhattisgarh, Karnataka, Gujarat and Odisha.

 GMR Infra subsidiary increases stake in DIAL

GMR Airports Limited, a subsidiary of GMR Infrastructure has acquired 10% equity stake in Delhi International Airport Pvt. Limited ( DIAL) from Malaysia Airports Private Limited for a revised consideration of $80 million. With the acquisition of stake GMR Airports equity stake in DIAL has increased to 64%.

CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market. CapitalStars also aveliable on social network

• CapitalStars Twitter
• CapitalStars Linkedin
• CapitalStars Facebook

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities including bullions, metals & Agro- commodities traded in MCX and NCDEX.

CapitalStars Updates: INDIAN BENCHMARKS

INDIAN BENCHMARKS are likely to open on a flat note as the global cues look mixed with SGX Nifty trading 6 points higher.

Headlines for the day:

• PTC India Financial Q4FY15 Higher provisioning dents profits
• CESC eyeing acquisition of generation assets and adding renewable steadily
• GMR Infrastructure subsidiary increases stake in Delhi International Airport

Results on May 26, 2015

Tata Motors, BHEL, IFCI, Thermax, IDBI Bank, Reliance Power, Tech Mahindra, Dish TV, Kaveri Seed

                                                        

Trend in FII flows: The FIIs were net buyers of Rs 74.14 Cr in the cash segment on Monday while the DIIs were net buyers of Rs  0.17Cr, as per the provisional figures released by the NSE.

CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market. CapitalStars also aveliable on social network

• CapitalStars Twitter
• CapitalStars Linkedin
• CapitalStars Facebook

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities including bullions, metals & Agro- commodities traded in MCX and NCDEX.

INDIAN EQUITY BENCHMARKS fell on Monday, tracking weaker regional markets as fears about an earlier-than-expected U.S. rate hike weighed on sentiment, while cigarette-maker ITC Ltd slumped after disappointing earnings. The S&P BSE Sensex and CNX Nifty ended 1.12%-1.05% lower each.

Headlines for the day:

• Canara Bank Q4 net profit at Rs613 cr: Asset Quality Weakense
• Clerx Services Q4 consolidated net profit at Rs53 cr
• Weak Q4; Hold maintained with revise price target

Results on May 26, 2015

• Tata Motors, BHEL, IFCI, Thermax, IDBI Bank, Reliance Power, Tech Mahindra, Dish TV, Kaveri Seed   

The crucial resistance for Nifty is now seen at 8455 and above this 8506. Support for the immediate term is now placed at 8320 and next support will be 8273.

CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market. CapitalStars also aveliable on social network

• CapitalStars Twitter
• CapitalStars Linkedin
• CapitalStars Facebook

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities including bullions, metals & Agro- commodities traded in MCX and NCDEX.

25 May 2015 TOP CORPORATE NEWS

TOP CORPORATE NEWS

RBI puts bans purchase of IPCA labs’ shares by FIIs

RBI  says restrictions placed on purchase of IPCA labs’ shares by FIIs withdrawn with immediate effect FIIs can now invest up to 35% in IPCA laboratories, positive read-thru

Cabinet notes prepared for road projects

As per media reports, government is getting ready to unveil an ambitious project aimed at making a vast improvement to the country’s roads. The cabinet notes have been prepared for programmes like Sethu Bharatam (150 railway over-bridges & 204 level crossings), Rashtriya Rajmarg Zila Sanjoyukta Pariyojana (5,600 km highways linking 123 district headquarters to NH network) and Backward area highways (2000 km project linking underdeveloped areas in non-Naxal belt to the national highway network).

Coal India plans to cut workforce by nearly a third

Coal India plans to cut its workforce by nearly a third and reduce the average age of executives from 47 to 30 in five years, as the management indicated that the mammoth workforce of 3.4 lakh is expected to fall to 2.4 lakh in five years and further to 1 lakh by 2025. Hence, it is expected that if this is achieved, the cost of manpower will fall from 53% to 35% in five years, and to 25% in the next phase – Positive for Coal India.

BHEL adds 736 MW Hydro Electric Capacity in the Country in 2014-15

Bharat Heavy Electricals Ltd ( BHEL) announced that the company adds 736 MW Hydro Electric Capacity in the Country in 2014-15; Accounts for 100% of India's Hydro Capacity addition in the Fiscal.

Lupin to replace Tata Power in Sensex

Lupin shares gained after after the Bombay Stock Exchange on Friday announced that, Lupin will replace Tata Power on its 30-shrae benchmark- Sensex from June 22. Shares of Lupin rose 1.41% to Rs 1,760.05. The stock hit a high of Rs 1,768.60 and a low of Rs 1,750 so far during the day. Shares of Tata Power Company fell 0.99% to Rs 75. The stock hit a high of Rs 75.75 and a low of Rs 74.80 so far during the day.

RBI to conduct overnight repo auction for Rs 10,000 cr today

The Reserve Bank of India (RBI) will conduct overnight variable rate repo auction for a notified amount of Rs 10,000 crore today. The auction will be conducted between 3.45 pm and 4.15 pm as per the revised guidelines on Term Repo Auctions issued on February 13, 2014, RBI said in a notification. Successful bidders will get the allotment at their respective bid rates. Bids at or below the repo rate will be rejected, it added. The reversal of the overnight variable rate repo will take place on May 26, 2015.

BPCL enters into term loan agreement with SBI

Bharat Petroleum Corporation Ltd ( BPCL) has announced that the company has entered into a term loan agreement with State Bank of India ( SBI) to set-up a rupee loan facility.

The facility will be used to finance capital expenditure on the company's ongoing and new projects, BPCL said. Under the facility, BPCL can avail a loan of up to Rs4000 crore which can be drawn over a period of three years. The loan carries a floating rate of interest linked to base rate and has a door to door maturity of ten years.

Grasim Inds inks BTA with Future Consumer Enterprise

Grasim Industries announced that the Company has signed a Business Transfer Agreement (BTA) with Future Consumer Enterprise for the sale of its Consumer Products Division, on a slump sale basis.

The Division is presently engaged in the manufacture of face care wipe, baby wipes and other products in Baby/House care segments and for the Financial year 2014-15, its Net Sales was at Rs9.52 crore, against the total Net Sales of Rs 6,252.34 crore at standalone level and Rs32,437.63 crore at consolidated level.

CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market. CapitalStars also aveliable on social network

• CapitalStars Twitter
• CapitalStars Linkedin
• CapitalStars Facebook

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities including bullions, metals & Agro- commodities traded in MCX and NCDEX.

CapitalStars Updates: INDIAN BENCHMARKS

INDIAN BENCHMARKS are likely to open on a flat note as the global cues look mixed with SGX Nifty trading 2 points lower.

Headlines for the day:

• Cipla gets USFDA’s tentative approval for HIV drug Kaletra
• Texmaco Rail & engineering reports spectacular numbers
• Natco Pharma posts healthy operating performance

Trend in FII flows: The FIIs were net buyers of Rs 211.42 Cr in the cash segment on Friday while the DIIs were net buyers of Rs  237.62 Cr, as per the provisional figures released by the NSE.

CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market. CapitalStars also aveliable on social network

• CapitalStars Twitter
• CapitalStars Linkedin
• CapitalStars Facebook

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities including bullions, metals & Agro- commodities traded in MCX and NCDEX.

CapitalStars Updates: INDIAN BENCHMARKS End Higher.

INDIAN BENCHMARKS are likely to open on a flat note as the global cues look mixed with SGX Nifty trading 2 points lower.

Headlines for the day:

• Cipla gets USFDA’s tentative approval for HIV drug Kaletra
• Texmaco Rail & engineering reports spectacular numbers
• Natco Pharma posts healthy operating performance

Trend in FII flows: The FIIs were net buyers of Rs 211.42 Cr in the cash segment on Friday while the DIIs were net buyers of Rs  237.62 Cr, as per the provisional figures released by the NSE.

CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market. CapitalStars also aveliable on social network

• CapitalStars Twitter
• CapitalStars Linkedin
• CapitalStars Facebook

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities including bullions, metals & Agro- commodities traded in MCX and NCDEX.