stocks

Results: 18 of 50 Nifty Companies Show 0.6% Decline in Net Profit for Q4 2016, Annual Growth at 11%

by Paul Joseph May 22, 2016 Featured

Q4 Results are out! As the Nifty 50 companies line up to disclose their performance report, we bring you a summary of their results along with the schedule of the results to come. ( check out the earlier post here ) Nifty 50 Companies FY16 Results for the year ended March 31, 2016 The Standouts: HDFC saw its Revenue grow 10.2% with a Net profit growth of 16.3%.  The company gained 1513.41 Cr on the stake sale in HDFC Standard Life Insurance Company in the fourth quarter which took those profits up 30%, and they also increased provisions nearly 10 times.  ICICI saw its Net Profit fall by 16.9% on the backdrop of on account of higher provisioning for bad loans. The company also announced that its top brass will not take a performance bonus for fiscal year 2015-16. Idea Cellular reported a 14% growth  in Revenue while Net Profit fell by 3.5%. … (Read On…)

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HSBC Fund reduces stake in Everest Industries while Morgan Stanley buys 0.84%

by Paul Joseph May 21, 2016 Featured

Everest Industries Everest Industries offers building solutions for roofing, ceiling, wall, flooring and cladding and steel buildings for industrial, commercial and residential applications. The Company operates in two segments: building products and steel buildings. The building products segment includes manufacturing and trading of roofing products, boards and panels, other building products and accessories. The steel buildings segment consists of manufacture and erection of pre-engineered and smart steel buildings, and its accessories. HSBC Progressive Themes Fund sold 80,000 shares or 0.52% while Morgan Stanley Singapore buys 130,000 shares or 0.84%. The holdings of both these funds prior to this deal is not known. Disclaimer Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion. … (Read On…)

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DSP BlackRock Equity Fund increases stake in Mold-Tek Packaging to 5.25%

by Paul Joseph May 21, 2016 Featured

Mold-Tek Packaging Mold-Tek Packaging Limited (MTPL) is the leader in rigid plastic packaging in India. Mold-Tek Packaging Limited is involved in the manufacturing of injection molded containers for lubes, paints, food and other products. MTPL has seven processing plants and three stock points spread across India with an injection molding capacity of around 20000 TPA. DSP BlackRock 3 Years Close Ended Equity Fund (with major concentration in Industrial Products , Textile Products  and Pharmaceuticals) holds 1,273,632 or 4.6% (2.78% to Net Assets of the fund) purchased an additional 180,000 shares or 0.65%. With this its increased stake now stands at 1,453,632 shares or 5.25%. Here is how the portfolio of the fund stands prior to the acquisition of the above additional stake: Disclaimer Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind.… (Read On…)

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LIC of India increases stake in Tata Motors to 7.01%

by Paul Joseph May 21, 2016 Featured

Tata Motors Tata Motors is India’s largest automobile company part of the Tata Group. Its products include passenger cars, trucks, vans, coaches, buses, construction equipment and military vehicles. It is the world’s 17th-largest motor vehicle manufacturing company, fourth-largest truck manufacturer, and second-largest bus manufacturer by volume. The company exports vehicles to more than 50 countries. Its Cars, buses and trucks roll out at 20 locations across the world – seven in India and the rest in the UK, South Korea, Thailand, South Africa and Indonesia. LIC of India owning 6.90% or 199,144,257 shares purchased 3,285,210 equity shares representing 0.11% thereby bringing their new holding to 202,429,467 shares or 7.01%. Disclaimer Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind.… (Read On…)

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Big Whale Ashish Dhawan and Morgan Stanley add V-Mart Retail to their portfolio

by Paul Joseph May 21, 2016 Featured

V-Mart Retail Established in 2002 as Varin Commercial Private Limited (later renamed as V-Mart Retail Limited), the Company was one of the pioneers in setting up family fashion stores – in the value-for-money retail segment across various small Indian towns and cities like Sultanpur, Ujjain and Motihari, among others. Over the years, V-Mart Retail Limited (VMRL) has evolved into a one-stop family shop in non-metro locations with a diversely comprehensive portfolio of retail offerings around the positioning of ‘Price-less Fashion’. The business is spread across three verticals – apparel, general merchandise (non-apparel and home mart) and kirana bazaar. The brand is emerging as a destination-of-choice in Tier-II and Tier-III locations of the country. Kotak Mahindra International which held 1,709,002 shares or 9.46% as of March, 2016 – sold over half its stake in the company to Big Whale Ashish Dhawan and Morgan Stanley (Singapore). With this sale its reduced stake now stands at 706,789 shares or 5.55%.… (Read On…)

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Big Whale Ashish Kacholia adds Parag Milk Foods to his portfolio

by Paul Joseph May 21, 2016 Featured

Parag Milk Foods Marking its debut on the Indian Stock Market, Parag Milk Foods (PARAGMILK) closed at Rs. 248/- with a premium of Rs. 30.50/-. The price band for the book building process was Rs. 220-227/-. PMFL is one of the leading manufacturers and marketers of dairy‐based branded foods in India. The company commenced operations in 1992 with collection and distribution of milk and have developed into a dairy‐based branded consumer products company with an integrated business model, manufacturing a diverse range of products including cheese, ghee (clarified butter), fresh milk, whey proteins, paneer, curd, yoghurt, milk powders and dairy based beverages targeting a wide range of consumer groups through several brands. The company derives all of their products only from cows’ milk. The company’s aggregate milk processing capacity is 2mn lpd and their cheese plant has the largest production capacity in India, with a raw cheese production capacity of 40MT per day.… (Read On…)

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Swiss based Rahn & Bodmer (India Max Investment Fund) reduce stake in MT Educare to 2.06%

by Paul Joseph May 21, 2016 Featured

MT Educare is a national player with a multi-state presence and a diverse product portfolio, standing a class apart thanks to its technology-enabled business processes, digital content delivery and 24 x 7 online support for the courses offered (i.e. Using the new Learning Management System (LMS), the company is now introducing its Flipped Classroom model in 2015). India Max Investment Fund (a Singapore based entity) is a sub-account of a Foreign Institutional Investor (FII) namely Rahn & Bodmer Co. – a Swiss private bank specializing in investment advice, asset management, and securities trading. The firm held 1,980,000 shares representing 4.97% as of March, 2015 reduced its stake to 1,160,900 shares or 2.91%. The fund had purchased these shares back in 2013 at a price of Rs. 96/- per share. As per the latest disclosure, the Investment Fund has sold 819,100 shares or 2.06%. The stock is also held by Big Whale Ashish Kacholia who holds 1,190,003 shares or 2.99% as of March, 2016. … (Read On…)

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Schroder Investment Management increases stake in Apollo Hospitals Enterprises to 6.42%

by Paul Joseph May 21, 2016 Featured

Apollo Hospitals is widely recognized as the pioneer of private healthcare in India, and was the country’s first corporate hospital. The Apollo Hospitals Group, which started as a 150-bed hospital and today, operates 9200 beds across 64 hospitals. The Group has emerged as the foremost integrated healthcare provider in Asia, with mature group companies that specialize in insurance, pharmacy, consultancy, clinics and many such key touch points of the ecosystem. The Apollo Group has touched the lives of over 45 million patients, from 121 countries. Schroder Group Entities which held 8,818,314 shares representing 6.34% as of March, 2015 increased its stake to 8,925,608 shares or 6.42%. The group purchased 107,294 shares or 0.08%. Schroder Investment Management   is a privately owned investment manager. The firm launches and manages equity, fixed income, and balanced mutual funds for its clients. It invests in the public equity and fixed income markets. The firm also invests in the alternative markets for its clients.… (Read On…)

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Deutsche exits Jubilant Life Sciences with stake sale to Citigroup

by Paul Joseph April 26, 2016 Featured

Jubilant Life Sciences Jubilant Life Sciences is an integrated global pharmaceutical and life sciences company engaged in manufacturing and supply of APIs, Solid Dosage Formulations, Radiopharmaceuticals, Allergy Therapy Products, Advance Intermediates, Fine Ingredients, Crop Science Ingredients, Life Science Chemicals and Nutritional Products. It also provides services in Contract Manufacturing of Sterile Injectable and Drug Discovery Solutions. Over the years, Jubilant Life Sciences has extended its footprint beyond India in the USA, Canada, Europe, and other countries across the globe. The company has a network of 7 world class manufacturing facilities in India and 5 in North America and a team of around 6100 multicultural people across the globe with ~ 1200 in North America and ~900 in R&D. Deutsche Securitie s which held 3,103,408 shares or 1.95% exited the company with complete stake sale to  Citigroup Global Markets. Disclaimer Nothing in this newsletter is financial advice and should not be construed as such.… (Read On…)

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ICICI Prudential Mutual Fund reduces stake in Kaveri Seeds

by Paul Joseph April 26, 2016 Featured

Kaveri Seeds You can view the earlier guest posts from Ravi Duggirala here: Guest Post: The Royalty Mess at Kaveri Seeds, by Ravi Duggirala Royalty Mess at Kaveri Seeds Revisited Kaveri Seeds is known for genetically enhanced premium quality seed. The Company has vast experience in seed production of major agricultural crops backed by a very strong in-house R&D programme for crops maize, cotton, sun flower, bajra, sorghum, rice and several vegetable crops. With over 600 acres of farm land owned by the company and dedicated team of researchers, the company designs and develops productive hybrids that excel in market and fetch rewarding returns.  ICICI Prudential Mutual Fund and East Spring Investments which held 3,569,885 shares or 5.17%  as of 5-Jan-16 , sold a part of their stake to bring their shareholding down to 2,146,752 shares or 3.11% as per the disclosure submitted earlier today . Disclaimer Nothing in this newsletter is financial advice and should not be construed as such.… (Read On…)

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