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Saturday, January 19, 2019

HDFC Bank Q3 net profit up 20.3% on NII growth

Provisions Rise | Equity Research Lab

Private sector lender HDFC Bank posted a 20.3 percent year-on-year (YoY) growth in its December quarter (Q3) net profit at Rs 5,585.85 crore on strong growth in its net interest income (NII). The bank met the analyst estimates even as provisions rose considerably in the third quarter.



The bank had posted a profit after tax of Rs 4,642.60 crore in the same period last fiscal.

The net interest income (difference between interest earned and expended) rose to Rs 12,576.75 crore up 21.9 percent YoY. In the year ago, the bank had posted NII of Rs 10,314.3 crore
A Reuters poll of equity analysts had estimated a 20.6 percent increase in the net profit of the bank. It had also estimated a 20.2 percent rise in the net interest income of the bank in Q3.
Other income (non-interest revenue) grew by 27.2 percent YoY to Rs 4,921.0 crore in Q3FY19. The core cost-to-income ratio for the quarter was at 39.5 percent as against 41.2 percent in the year ago period.
Provisions rose by 63.6 percent YoY to Rs 2,211.53 crore in Q3. The bank said that the provisions for the third quarter include a charge of Rs 322.4 crore towards contingent provisions.
Asset quality stable
Asset quality remained stable for the bank in Q3. Gross non-performing assets (NPA) was at 1.38 percent as against 1.33 percent at the end of Q2FY19 and 1.29 percent posted in the year-ago period.
Net NPA as a percentage of net advances was 0.42 percent compared to 0.44 percent in the year-ago period and 0.40 percent in Q2FY19.
CASA deposits see healthy growth
HDFC Bank's total deposits rose by 22 percent YoY to Rs 852,502 crore. Here, the CASA (current account and savings account) deposits grew by 13 percent YoY with savings account deposits at Rs 235,179 crore and current account deposits at Rs 111,905 crore.

The bank said that the CASA deposits comprised 40.7 percent of the total deposits as of Q3Fy19. Their total advances at the end of the third quarter was Rs 780,951 crore.

"The bank's continuing focus on deposits helped in the maintenance of a healthy liquidity coverage ratio at 122 percent, well above the regulatory requirement," said HDFC Bank in a statement.

The bank's total Capital Adequacy Ratio (CAR) as per Basel Ill guidelines was at 17.3 percent as on December 31, 2018.

Tuesday, June 28, 2016

Equity Research Lab :- Nifty Report 28th June.

NIFTY TIPS

 NIFTY SPOT: 8094.70

Nifty Future    R1: 8140    R2:8176    R3: 8222
Pivot: 8094      S1: 8058     S2:8012     S3:7976


Nifty Tips
   CHART INTERPRETATION  
  • Nifty closed on at 8094.70 On Monday. Next logical targets for nifty would be 8050-8000 and breaching of 8000 would force nifty to see levels of 7900. whereas the 8150-8200 will act as very strong resistance levels, if once it go to 8200 then there will higher probability for nifty to touch 8225-8250 levels. 
  • Mechanical indicator stochastic RSI also showing consolidated trend.  
    INDEX OUTLOOK    

NIFTY FUTURE:- Finally, the Sensex ended with a gain of more five points at 26,403. Sensex opened at 26,348 touched an intra-day high of 26,494 and low of 26,263. While Nifty closed with a gain of seven points at 8,095. On the global front, Asian markets closed on a mixed note. The Shanghai Composite index closed higher. Hong Kong’s Hang Seng index ended lower, while Nikkei 225 jumped 1.4%. European markets were trading lower. The FTSE 100 was trading down 1.3%. DAX and the CAC 40 were trading lower 2% each. Mid-cap Index is trading up 0.68% at 11,389, whereas BSE Small-cap Index is trading up 1.44% at 11,441. On the economy front, Chief Economic Advisor Arvind Subramanian said that Brexit from the European Union, was a sad development but India would not be affected by it due to India’s solid macroeconomic.

INTRADAY STRATIGY:- Sell Nifty future above 8100 for the tgt of 8050-8000 sl 8170. 

   SECTORIAL INDICES   


    CORPORATE NEWS   

  • Indian Meteorological Department announced that the Monsoon rains are likely to end later than usual this year. This could see heavy rains towards the latter stages of the season and would help the farmers to recover from two straight droughts in the previous years. 
  • Shares of Bajaj Finserv went up by 4.25% after reports suggested that the company plans to buyout German Firm Allianz SE’s stake in its insurance firms – Bajaj Allianz Life Insurance and Bajaj Allianz General Insurance. 
  • Aban Offshore received a contract from ONGC for the deployment of its drillship Aban Abraham, for a period of 2 years. The shares of the company went up by 3.3%. 
 If you want to more information regarding the Stock cash tips, Stock tips, Nifty tips, Commodity tips, Equity tips  call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php

Thursday, June 23, 2016

Equity Research Lab :- Nifty Report 24th June.


http://equityresearchlab.com/nifty.php

Nifty Tips

NIFTY SPOT: 8270.45 

Nifty Future     R1: 8329      R2:8376      R3: 8446
Pivot: 8259       S1: 8212       S2:8142       S3:8095


 CHART INTERPRETATION   
  • Nifty closed on at 8270.45 On Thursday. Bulls and bears have been indecisive. Recovery may be continuing above 8200 levels else selling pressure may be seen. On upside, Nifty has important resistance at 8355 levels. On downside, support is at 8150 levels.
  • Mechanical indicator stochastic RSI also showing consolidated trend.
  INDEX OUTLOOK   

NIFTY FUTURE:- Nifty closed with a gain of 67 points at 8,270. The NSE Nifty opened at 8,201 hitting a high of ,286 and low of 8,188. After being cautious for the past two trading sessions, stock market in India surged higher on Thursday tracking a strong upswing in the European equity markets as UK voters began to cast ballots on 'Brexit' referendum. The rally was sparked by buying in the banking, auto, Financials, industrial, pharma, consumer durables and oil & gas stocks. On the other hand, realty, telecom and power were among the major losers on BSE.
INTRADAY STRATIGY:- Buy Nifty future above 8300 for the tgt of 8350-8400 sl 8230.

  SECTORIAL INDICES   




  CORPORATE NEWS  
  • NTPC share prices declined by almost 2% after the government decided to distribute an additional 5% stake to the company’s employees at a considerable discount, raising concerns over a fall in the Earnings per Share (EPS) of the company.
  • Shares of KEC International rose by 3.5% after the company bagged orders of Rs. 1,036 crores. In transmission and distribution segment, they secured orders worth Rs. 666 crores from the Middle East and Americas regions. Orders worth Rs. 317 crores from Indian Railways and Rs. 53 crores in the Power and Telecom Cables segment were also secured.
  • Mahanagar Telephone Nigam Limited (MTNL) shares rose by 4.3% after the company announced that it will submit its revival plan to the Department of Telecommunications (DoT). The plan intends to take the loss making telecom firm out of the red zone.
 If you want to more information regarding the Stock cash tips, Stock tips, Nifty tips, Commodity tips, Equity tips  call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php

Equity Research Lab :- Nifty Report 24th June.


http://equityresearchlab.com/nifty.php

Nifty Tips

NIFTY SPOT: 8270.45 

Nifty Future     R1: 8329     R2: 8376     R3: 8446
Pivot: 8259       S1: 8212      S2: 8142      S3: 8095

 CHART INTERPRETATION   
  • Nifty closed on at 8270.45 On Thursday. Bulls and bears have been indecisive. Recovery may be continuing above 8200 levels else selling pressure may be seen. On upside, Nifty has important resistance at 8355 levels. On downside, support is at 8150 levels.
  • Mechanical indicator stochastic RSI also showing consolidated trend.
  INDEX OUTLOOK   

NIFTY FUTURE:- Nifty closed with a gain of 67 points at 8,270. The NSE Nifty opened at 8,201 hitting a high of ,286 and low of 8,188. After being cautious for the past two trading sessions, stock market in India surged higher on Thursday tracking a strong upswing in the European equity markets as UK voters began to cast ballots on 'Brexit' referendum. The rally was sparked by buying in the banking, auto, Financials, industrial, pharma, consumer durables and oil & gas stocks. On the other hand, realty, telecom and power were among the major losers on BSE.
INTRADAY STRATIGY:- Buy Nifty future above 8300 for the tgt of 8350-8400 sl 8230.

  SECTORIAL INDICES   




  CORPORATE NEWS  
  • NTPC share prices declined by almost 2% after the government decided to distribute an additional 5% stake to the company’s employees at a considerable discount, raising concerns over a fall in the Earnings per Share (EPS) of the company.
  • Shares of KEC International rose by 3.5% after the company bagged orders of Rs. 1,036 crores. In transmission and distribution segment, they secured orders worth Rs. 666 crores from the Middle East and Americas regions. Orders worth Rs. 317 crores from Indian Railways and Rs. 53 crores in the Power and Telecom Cables segment were also secured.
  • Mahanagar Telephone Nigam Limited (MTNL) shares rose by 4.3% after the company announced that it will submit its revival plan to the Department of Telecommunications (DoT). The plan intends to take the loss making telecom firm out of the red zone.
 If you want to more information regarding the Stock cash tips, Stock tips, Nifty tips, Commodity tips, Equity tips  call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php

Equity Research Lab :- Nifty Report 23rd June.



http://equityresearchlab.com/nifty.php

Nifty Tips

NIFTY SPOT: 8203.70

 Nifty Future     R1: 8254     R2:8303      R3: 8353 
 Pivot: 8204       S1: 8154      S2:8104       S3:8055
NIFTY TIPS

 CHART INTERPRETATION   
  • Nifty closed on at 8203.70 On Wednesday. Bulls and bears have been indecisive. Recovery may be continuing above 8200 levels else selling pressure may be seen. On upside, Nifty has important resistance at 8250 levels. On downside, support is at 8050 levels.
  • Mechanical indicator stochastic RSI also showing consolidated trend.
  INDEX OUTLOOK   

NIFTY FUTURE:- At 3:30 PM, the S&P BSE Sensex ended at 26,765 down 47 points, while NSE Nifty is trading at 8,203 down 16 points. The BSE Mid-cap Index is trading down 0.12% at 11,405, whereas BSE Small-cap Index is trading down 0.60% at 11,450. The INDIA VIX is up 5.35 % at 18.1850. Out of 1,815 stocks traded on the NSE, 1062 declined, 507 advanced and 247 remained unchanged today. The Indian rupee opened lower by 9 paise at 67.59/$ against US Dollar on Wednesday as against the previous close of 67.48/$.
INTRADAY STRATIGY:- Buy Nifty future above 8210 for the tgt of 8260-8320 sl 8140.

  SECTORIAL INDICES   



  CORPORATE NEWS  
  • Shares of Max Ventures and Industries, one of the three companies formed after the demerger of Max India Limited hit the upper circuit of 5% after being listed on the bourses for the first time on Wednesday.
  • Force Motors inaugurated their new 100 crores facility in Pune. The plant is meant to supply engines and axles to Mercedes-Benz.
  • Shares of Tata Coffee went up by 7.47% after coffee prices gained further, hitting a 13 month high level. Heavy rains at the time of harvest can hit the coffee crop. Hence, coffee might not turn out to be a bumper crop as it was projected for this year..
 If you want to more information regarding the Stock cash tips, Stock tips, Nifty tips, Commodity tips, Equity tips  call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php

Tuesday, June 21, 2016

Equity Research Lab :- Nifty Report 22nd June.

Nifty Tips

NIFTY SPOT: 8219.90

Nifty Future      R1: 8250     R2:8275       R3: 8297
Pivot: 8227        S1: 8202      S2:8180       S3:8155


Nifty Tips

 CHART INTERPRETATION   
  • Nifty closed on at 8219.90 On Tuesday. Bulls and bears have been indecisive. Recovery may be continuing above 8200 levels else selling pressure may be seen. On upside, Nifty has important resistance at 8250 levels. On downside, support is at 8050 levels.
  • Mechanical indicator stochastic RSI also showing consolidated trend.
  INDEX OUTLOOK   

NIFTY FUTURE:- Nifty closed at 8225.10 on Tuesday. After gaining for two consecutive trading sessions, the Indian equity market closed lower on Tuesday. Profit booking combined with negative global cues and a weak rupee dampened the sentiment. Market participants also were cautious ahead of the UK referendum scheduled on Thursday. In addition, investors were also seen concerned about US Federal Reserve Chairperson Janet Yellen's testimony to the US Congress. The testimony can provide further cues towards the next phase of the key lending rate hikes.Today’s decline was led by the power, utilities, banking, pharma and IT stocks. On the other hand, auto, oil and gas, consumer durables and energy stocks were among the major gainers. 

INTRADAY STRATIGY:- Buy Nifty future above 8250 for the tgt of 8300-8350 sl 8170.

  SECTORIAL INDICES   



  CORPORATE NEWS  
  • Mandhana Industries declined 20% as the company is in the process of demerging its retail business. The company assured that there is no disruption in its normal and ongoing business activities.
  • Maruti Suzuki is ramping up production of premium hatchback Baleno to meet current demand and reduce waiting period. The company has over 45,000 outstanding bookings for Baleno and waiting period of 6-8 months depending on the variant.
  • Textile stocks surged on news of cabinet meeting to be held on Wednesday to consider the much awaited textile policy. Stocks like Arvind, Nandan Denim, Raymond, Kitex garments, Bombay Dyeing, etc jumped on the news.
 If you want to more information regarding the Stock cash tips, Stock tips, Nifty tips, Commodity tips, Equity tips  call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php

Thursday, June 16, 2016

NIFTY SPOT: 8140.75 EQUITY RESEARCH LAB

Nifty Tips :- 

Nifty Future R1: 8206    R2:8254     R3: 8315

Pivot: 8145  S1: 8097    S2:8036     S3:7988

CHART INTERPRETATION :-

Nifty spot close at 8140.75 on  Thursday . At higher side, important level 8200-8250. As long as Nifty future manages to sustain above this level on intraday declines, the trend will be strong and nifty future will try touch further higher levels from this level.

At lower side, support near 8000. Further weakness is nifty future is possible only if Nifty future falls and stays below the important support of 8060-7950.

At lower side nifty support level may be in the range of 7800-7700.

Mechanical indicator stochastic RSI  also showing consolidated trend.


INDEX OUTLOOK :-

NIFTY FUTURE:-

Nifty closed at 8158.75 on Thursday. After taking a breather in the previous session, the bears were back on the dalal street. The indices extended decline to hit fresh intraday low in mid-morning trade.Weakness were seen in Asian stocks after the Bank of Japan and the US Federal Reserve deciding to keep interest  rates on hold weighed on domestic bourses. On the economy front, India's merchandise exports fell 0.79% at $22.17 billion in May 2016 over May 2015. Non-petroleum exports rose 1.01% at $20.19 billion in May 2016 over May 2015. Imports fell 13.16% at $28.44 billion in May 2016 over May 2015.
        
INTRADAY STRATIGY:-
Buy Nifty future above 8150 for the tgt of 8200-8250 sl 8070.

CORPORATE NEWS :-

Bank of Japan kept its policy rates unchanged and refrained from any further stimulus measure citing uncertainties in emerging economies and commodity exporting countries, impact of US monetary policy on global financial markets, Europe’s debt problem as well as geopolitical risks.

India’s trade deficit in May widened to $6.27 bn as exports shrank 0.79% to $22.17 bn and imports declined 13.16% to $28.44 bn on YoY basis.

3I Infotech Limited shares jumped 18% to Rs. 5.30 after the company said corporate debt restructuring panel approved debt restructuring scheme. The lenders approved converting 40% debt into equity shares.

For further information just go through website http://equityresearchlab.com/Freetrial.php