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ITC Q1 profit rises 15.6%; revenue beats estimates, up 25%

ITC gifCigarette-to-hotel-to-FMCG major ITC reported a 15.6 percent year-on-year growth in net profit at Rs 2,186.4 crore in first quarter (April-June), which was lower than street expectations but aided by strong revenue growth in cigarette, agri and paper businesses. Net sales grew 24.9 percent, stronger-than-expected, to Rs 9,164.4 crore in the quarter ended June 2014 compared to Rs 7,339 crore in corresponding quarter of last fiscal.

Revenue from its cigarette business (under FMCG category), which contributes more than 45 percent to total revenue of the company, reported a 18.8 percent growth at Rs 4,201 crore. FMCG others (which included packaged foods, apparel, stationery products, personal care products and agarbattis) grew by 10.9 percent year-on-year at Rs 1,934.61 crore in the quarter gone by.

Agri business revenue during the quarter (which covers commodities such as soya, spices, coffee and leaf tobacco) reported a massive 50.6 percent growth at Rs 3,296.1 crore and revenue from paperboards, paper and packaging business grew by 11.7 percent at Rs 1,288 crore compared to the year-ago period.

However, only hotels business posted a marginal decline in revenue at Rs 248.7 crore during the quarter compared to Rs 249.9 crore in corresponding quarter of last fiscal. Operating profit (EBITDA) of the company increased by 17.5 percent, in-line, on yearly basis to Rs 3,194 crore but margin dropped 230 basis points (more than expected) to 34.8 percent in first quarter of current financial year 2014-15 impacted by higher expenses and tax cost. Analysts had estimated operating profit at Rs 3,221 crore and margin at 38 percent for the quarter.

Textile policy to create 35 mn more jobs, $300 bn exports

An expert panel constituted by the government Monday submitted the draft of the new National Textiles Policy, which aims to achieve USD 300 billion exports by 2024-25, and creation of additional 35 million jobs by attracting investments.

The blueprint termed as the draft ‘Vision, Strategy and Action Plan’ to revitalize the textiles and apparel industry envisages an additional investment of USD 120 billion. It was presented to Textiles Minister Santosh Gangwar by Chairman of the Expert Committee Ajay Shankar. “The Expert Committee identified basic concerns in textiles sector and identified the national priorities in the form of a Vision & Strategy and the Action Plan for attaining the targets set out in the Vision for exports, investment and employment by the year 2024-25,” an official release said.

“The Vision projects Indian textile and apparel exports to grow from USD 39 billion at present to USD 300 billion by the year 2024-25. This translates into additional investment required of the order of USD 120 billion and in the process around 35 million additional job creation is expected to take place,” it added.

The key objectives of the new National Textiles Policy include developing a vision statement of the textile sector for the next decade to treble market share from the current 4 percent in the next decade.

Keeping in view the various changes in the textile industry on the domestic and international fronts and the need for a road map for the textile & apparel industry, Ministry of Textiles had initiated the process of reviewing the National Textile Policy, 2000. Accordingly, an Expert Committee was constituted including leading industrialists from the textile sector to make fresh recommendations.

The draft Vision, Strategy & Action Plan for Indian Textiles & Apparels (2024) will be put up on the website of Textiles Ministry for inviting online comments/suggestions.

Gaza fighting abates as diplomatic tension flares

Israel eased its assaults in the Gaza Strip and Palestinian rocket fire from the enclave declined sharply on Monday, the military said, with both the United States and United Nations calling for a durable ceasefire.

As international pressure mounted to end a 21-day conflict in which more than 1,000 people have been killed, an Israeli military official said the army would only fire in response to attacks, adding that this would be for an “unlimited” period. However, Israeli troops continued to hunt and destroy cross-border militant tunnels inside Gaza, and it was not clear if Hamas Islamists who control the small enclave were ready to agree to a prolonged pause. Hamas said on Sunday it wanted a 24-hour truce to mark the Muslim holiday of Eid al-Fitr, which started on Monday.

In the hours after its announcement, Gaza gradually fell quiet. Just one rocket was fired out of the battered coastal territory at the Israeli city of Ashkelon in the first nine hours of Monday, the military said. Gaza residents reported brief bursts of tank shelling and no casualties. “This ceasefire or abatement is dynamic on the ground. If we need to, we will respond,” Israel’s chief military spokesman, Brigadier General Motti Almoz, told local media.

US President Barack Obama on Sunday urged Prime Minister Benjamin Netanyahu to hold fire unconditionally, while the UN Security Council agreed a statement that called on both sides to implement a humanitarian truce that stretched beyond Eid.

Netanyahu’s security cabinet met into the early hours of Monday to debate ceasefire proposals and also a possible escalation of the Gaza offensive, which Israel says was needed to halt Hamas rocket fire and destroy its tunnel network. Israeli air, sea and ground attacks have killed some 1,031 Palestinians, mainly civilians and including many children, Gaza officials say. Israel says 43 of its soldiers have died, along with three civilians killed by rocket and mortar fire from Gaza.

28th July’14 FII’s & DII’s Activity

28th July'14 f&o 28th July'14 cash

Updated : 08.14pm / 28th July’14

Nifty 7800PE Rocked 77…… Friday Recommend to buy at 43

options stre

Just click below link ( Friday written & Recommend 7800pe at 01.11pm)

Now 7800PE Rocked———–77 levels

We sent Book Partial Profit at 77…….. Remain stop-loss??

More update to our clients only!!!

Updated : 12.49pm / 28th July’14

Nifty Future Booked 40 points Profit in Morning trade……….


Today our 1st Alert at 9.20am……. SELL NIFTY FUT @ 7795 stop-loss 7810 Target 7755

Achieved Target 7755………… Booked 40 Points Profit!!!


Now Nifty Future trading 7760………

Support around 7740 to 7750———– If fail to take support at given level

We See more Panic on the card upto 7690 levels………..

Wait & See !!!!

More update to our clients

Updated : 11.58am / 28th July’14

Australia approves Adani’s $15.5bn Carmichael coal project

The Australian government on Monday approved Gujarat-based Adani Mining Pty Ltd’s USD 15.5 billion Carmichael coal and rail project in Queensland, subject to strict conditions to protect groundwater.

The Carmichael mine, which could become Australia’s largest coal mine producing 60 million tonne a year, has sparked protests from green groups and marine tour operators concerned about export of the coal from a port near the Great Barrier Reef. “The strict conditions will ensure the protection of the environment as a paramount concern,” Australia’s environment minister, Greg Hunt, said in a statement. The coal from the Carmichael mine will be transported via a 400-km railway line to Abbot Port, where the company owns a shipping terminal, and from there it will be exported to India. Adani says the coal will help meet the country’s rising power demands.

Adani acquired the port, which is near the Great Barrier Reef, in 2011 and will have to expand it in order to ship the coal. Post Q2FY14 results, the Adani management had indicated that in light of subdued imported coal prices, its Australian capex plans are currently on hold and no material capex is expected at least in FY14. It said the coal production may commence in FY18-19.

JLR announces price cut for 3 models sold in China

TATAMOTORS was the biggest loser on Friday on account of Jaguar Land Rover (JLR) taking price cut for three of its top end variants: the Range Rover, Range Rover Sport and the F-Type sold in the Chinese market.

JLR announced a 5-10 percent voluntary price cut across the board in response to a probe made by the Chinese decision making body National Development and Reform Commission (NDRC). NDRC had initiated some investigations into corporate price rigging, as well as monopoly practices on claims that some of the foreign car makers like JLR were overcharging Chinese customers.

Analysts say price cuts are a concern given the importance of profitability in China for JLR’s overall margins. However, there has been no confirmation from the JLR management. China remains a very important geography for the company. More than 25 percent of JLR’s volumes and 40 percent of its revenues come from the Chinese market. Moreover, the models in which the price cuts were taken contribute about 35 percent of the revenues.

Citi believes this creates an overhang in the short-term for the stock. There is uncertainty until the intent behind the ruling is complete understood. However, there is limited financial impact, given China’s structure expect an impact of 5 percent on FY14, JLR profits and the estimated impact of 100 million pounds post tax on 15,000 units of JLR, so it’s a limited financial impact according to them.

Macquarie maintains outperform. They have a 12-month target price of Rs 540. The 5 percent decline seen in the stock price on Friday is a good buying opportunity for Tata Motors. The total impact on JLR’s EBITDA is 1 percent and this was long coming because the average selling price in China is double that of how much JLR sells in the other market. Therefore, it was about time that they reduced prices. Edelweiss says that the worst-case scenario indicates a 4 percent impact on EBITDA and a 6 percent impact on the profitability. They have lowered their FY16 consolidated earnings per share (EPS) but they have maintained a buy with a target price of Rs 517.


28th July’14 Nifty Future Update

monday 16

NIFTY  FUTURE  Closed : 7785

Friday we have written Boldly Nifty Future Resistance 7840 & Support 7810

Made a high was 7832.80, Then Recommend Sell NF below 7810 Target 7765

Achieved Target & Booked 45 Points Profit!!!

U know Friday we had written All Longs keep stop-loss 7750

Made a low was 7751.30 then closed 7785.70


This week Trend Decider 7925 & 7675 levels

Overall trend is bullish, But last Two days mixed trend only

Today’s Nifty Future facing Resistance 7800 to 7810 levels

Once if crossover the levels———— we see Rally upto 7830 levels

What will do at higher levels ???

Today’s Supports 7760 & 7740 levels

Suppose once if breaks 7740 & stays below 15 minutes

Non- stop Panic selling expected up-to 7690 levels………..

 101% Live market update to our clients only…….

Updated : 08.50am / 28th July’14

28th July’14 Banknifty Future levels

bnf 13

Banknifty Future closed : 15352

Today’s Banknifty Future facing Supports 15250 levels

Once if stays below 15250———- with volumes—— will take next support 15150

Last & Final hurdle level 15150 levels———- Thereafter Blood Bath will see!!!

Today’s Resistance 15450 & 15550 levels

If comes higher level can sell with stop-loss of ??

More live Market update to our clients only


ICICIBANK Strong supports 1465 levels

There after more panic on the card upto 1450 & 1435 levels

Updated : 08.42am / 28th July’14

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