Eicher Motors falls 5% on weak December motor cycle sales; Motilal Oswal maintains buy

The company's December total motor cycles sales were down 13 percent at 58,278 units against 66,968 units, YoY.

Shares of Eicher Motors slipped 5.6 percent intraday Wednesday after company reported weak motor cycle numbers for the month December 2018.

The company's December total motor cycles sales were down 13 percent at 58,278 units against 66,968 units, YoY.

Meanwhile, its CV sales for the month was up 2.4 percent at 6,236 units versus 6,087 units. Its exports went up 41 percent at 2,252 units against 1,601 units, YoY.

According to Motilal Oswal Royal Enfield is a big disappointment; lower Royal Enfield volume estimates for the current and the next financial year by 46,000 and 89,000 respectively.

It cuts EPS estimates by 6 percent and 9 percent for the current and the next financial year respectively.

Meanwhile brokerage house maintained buy call on share with target of Rs 24,760 per share.

According to Morgan Stanley, auto sales end the year on a weak note. Year-end inventory clearance & weak consumer sentiment lead to another month of muted volumes.

It prefers OEMs that have support ahead from model launches like Maruti Suzuki, M&M & Eicher Motors.

At 09:35 hrs Eicher Motors was quoting at Rs 22,000, down Rs 1,184.05, or 5.11 percent on the BSE.

Source: https://www .moneycontrol.com/news/business/stocks/eicher-motors-falls-5-on-weak-december-motor-cycle-sales-motilal-oswal-maintains-buy-3344761.html 

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Max India’s decision to check out of healthcare shines spotlight on regulatory risks

The owner’s decision to exit seems to be a mixture of personal and business reasons. But the regulatory risks in the business have played a bigger role in the decision, for certain.

Max India’s decision to exit the healthcare business flies in the face of conventional thinking that India’s private healthcare business is one with immense potential. The reality appears to be somewhat different.

A trend of consolidation has taken root in the sector, with institutional money funding entrepreneurial ambitions. While IHH Healthcare eventually got hold of Fortis Healthcare, let’s not forget that the TPG-Manipal Health combine was also interested.

They will continue to be on the lookout for targets. IHH Healthcare’s acquisition itself signals tougher competition, as the parent company has deep pockets and expertise in running hospitals.

Then there are the regulatory risks that Max faces. In its FY2018 annual report, it lists them out. It has cited mandatory cashless treatment of road accident cases that will be reimbursed at government-determined rates.

Then there’s the well-known issue of price capping of coronary stents and knee implants. Margins on syringes were capped after intervention by the National Pharmaceutical Pricing Authority. The guidelines for treating patients belonging to the economically weaker sections were also made more stringent. These affected its performance in FY18, and its revenue and Ebitda both declined.

The dust on many of these issues has settled down. But the fear that more regulatory risks may be waiting has not gone away. The industry feels threatened that the measures which were acceptable till some years ago are now being seen as extortionist. That may change the way the promoter, the majority shareholder in the business, perceives the business risk.

In fact, the September quarter results had shown Max Healthcare’s performance improve with its Ebitda margin recovering sequentially. In its conference call post-results, the company management had talked about a 5-7 year investment plan that would see its number of beds double to 5,000 in number. It said that the long-term trajectory was intact.

So, what changed their mind then? The group chairman Analjit Singh’s interviews to Mint and Business Standard have some answers. He talks about how the business has changed in two years (in September 2016 he had told Mint that this was a focus business for them with huge growth opportunities).

The concentration in the National Capital Region had become a risk for them. He talks about a 10-year timeframe in which to invest and scale up this business to make it viable. It appears that he did not have the appetite to invest that kind of capital and devote that kind of time to the business. And, he does not seem to have had anyone else he could depend on to do it too.

The owner’s decision to exit seems to be a mixture of personal and business reasons. But the regulatory risks in the business have played a bigger role in the decision, for certain. After acquiring Max Healthcare, Radiant Life Care and KKR will now attempt to prove that their business model can work despite the existing risks in the business and new ones that may be lying in wait.

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Stocks in the news: Zydus Wellness, Khadim India, HCL Tech, NHPC, Wipro

Sagar Cements | Coal India | Rural Electrification Corporation | HCL Tech | Kajaria Ceramics | IFCI and Punj Lloyd are stocks which are in the news today.

Here are stocks that are in the news today:

NHPC: Company has been declared as the successful resolution applicant by the Committee of Creditors (CoC) of Lanco Teesta Hydro Power Limited subject to the final approval by adjudicating authority.

IBM to sell some of its software products to HCL for $1.8 billion

Khadim India: The company has issued the commercial paper for an aggregate amount of Rs 30 crore.

Cadila Healthcare and Zydus Wellness: Company entered into a share subscription agreement (SSA) with subsidiary Zydus Wellness to subscribe to 85,02,170 equity shares at an issue price of Rs 1,382 amounting to Rs 11,74,99,98,940.

Wipro: Company and Alfresco expand partnership to offer open source based digital transformation capabilities.

Sagar Cements: Consolidated cement sales increased 36.29 percent to 3,15,106 MT versus 2,31,202 MT YoY.

Punjab & Sindh Bank: Bank to consider issue of equity shares via QIP up to amount of Rs 500 crore and issue of Basel III Compliant Tier II bonds up to of Rs 1,500 crore - CNBC-TV18.

HUDCO: Board to mull raising up to Rs 1,000 crore via bonds.

Coal India: Government cuts stake in company by 2.2 percent to 72.9 percent.

IL&FS Financial Services: Company unable to service obligation of interest payment of NCDs worth Rs 52 crore due December 6 - CNBC-TV18.

Rural Electrification Corporation: Company approved JV with Maharashtra Power Utility for new projects and to sell transmission unit to Power Grid.

IL&FS Engineering and Construction Company: Bhaskar Chatterjee, Non-Executive Independent Director of the company tendered his resignation from the directorship of the company.

Nandan Denim: Vedprakash Chiripal, belonging to promoter & promoter group entities, acquired 40,000 equity shares of the company through open market on December 4.

Polycon International: Bank loan rating of the company has been revised by the rating agency, Brickwork Ratings from BB to BB- and A4+ to A4.

Bulk Deals

Kajaria Ceramics: Wasatch Advisors Inc A/C Wasatch International Growth Fund bought 10,37,576 shares of the company at Rs 435.35 per share while Abu Dhabi Investment Authority sold 10,10,000 shares at Rs 435.26 per share on the NSE.

Punj Lloyd: IFCI sold 43,97,267 shares of the company at Rs 4.98 per share on the NSE.

Shubhlaxmi Jewel Art: Kanadia Fyr Fyter Private Limited sold 80,000 shares of the company at Rs 27.5 per share on the NSE.

Vikas EcoTech: Garg Vikas sold 75,00,000 shares of the company at Rs 12 per share on the NSE.

Analyst or Board Meet/Briefings

Indo Count Industries: Company's officials will be meeting investors and analysts (participants) on December 7.

Dolphin Medical Services: 26th Annual General Meeting of the members of the company is scheduled to be held on December 29.

VIP Clothing: Company's officials will be attending conference organised by Systematix Shares & Stocks (I) Limited on December 7.

Muthoot Finance: Q2FY19 results conference will be held on December 7.

Siyaram Silk Mills: Company will be participating in Consumer /Investor Conference on December 7 in Mumbai.

Source: https://www. moneycontrol.com/news/business/markets/stocks-in-the-news-zydus-wellness-khadim-india-hcl-tech-nhpc-wipro-sagar-cements-rec-coal-india-3261711.html

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MCX SUPPORT & RESISTANCE LEVEL

MCX Free Tips

MCX SUPPORT & RESISTANCE LEVEL



GOLD DEC FUTURE

R2–32300
R1-32200
S1-31900
S2-31800






SILVER DEC FUTURE

R2 –39350
R1- 39150
S1-38750
S2-38550


CRUDE OIL NOV FUTURE

R2 –4930
R1-4900
S1-4840
S2-4810



COPPER NOV FUTURE

R2 –449
R1-446.50
S1-442.50
S2-440

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MCX SUPPORT & RESISTANCE LEVEL Date 16/Oct/2018

MCX Free Tips

MCX SUPPORT & RESISTANCE LEVEL



GOLD DEC FUTURE

R2–32300
R1-32200
S1-32000
S2-31900





SILVER DEC FUTURE

R2 –39500
R1- 39300
S1-38900
S2-38700



CRUDE OIL SEP FUTURE

R2 –5360
R1-5330
S1-5270
S2-5240




COPPER AUG FUTURE

R2 –460
R1-457.50
S1-452.50
S2-450

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MCX SUPPORT & RESISTANCE LEVEL Update By TradeIndia Research 09/07/2018

MCX Free Tips

MCX SUPPORT & RESISTANCE LEVEL

GOLD AUG FUTURE 

R2–30850
R1-30750
S1-30550
S2-30450



SILVER SEP FUTURE 

R2 –40300
R1- 40100
S1-38700
S2-38500


CRUDE OIL JULY FUTURE 

R2 –5150
R1-5120
S1-5060
S2-5030


COPPER JULY FUTURE 

R2 –442
R1-440.50
S1-434.50
S2-432

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MCX SUPPORT & RESISTANCE LEVEL Update By TradeIndia Research. Date 05/07/2018

MCX Free Tips

MCX SUPPORT & RESISTANCE LEVEL

GOLD AUG FUTURE

R2–30800
R1-30700
S1-30500
S2-30400



SILVER SEP FUTURE

R2 –40200
R1- 40000
S1-38600
S2-38400


CRUDE OIL JULY FUTURE

R2 –5140
R1-5110
S1-5050
S2-5020


COPPER JULY FUTURE

R2 –442
R1-440.50
S1-435.50
S2-433

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बैंक ऑफ महाराष्‍ट्र का शेयर रिकॉर्ड लो पर, DSK ग्रुप घोटाले में CMD की गिरफ्तारी का असर | 21/06/2018

बैंक ऑफ महाराष्‍ट्र का शेयर रिकॉर्ड लो पर, DSK ग्रुप घोटाले में CMD की गिरफ्तारी का असर

डीएसके ग्रुप स्कैम में गिरफ्तारी के बाद गुरुवार को बैंक ऑफ महाराष्‍ट्र का शेयर अपने रिकॉर्ड लो पर पहुंच गया।

नई दिल्ली. बैंक ऑफ महाराष्‍ट्र का शेयर गुरुवार को अपने रिकॉर्ड लो पर आ गया। कारोबार के दौरान बैंक का शेयर बीएसई पर 7 फीसदी तक टूटकर 12.50 रुपए प्रति शेयर के भाव पर आ गया। यह शेयर के लिए अबतक का सबसे निचला स्तर है। बुधवार को डीएसके ग्रुप घोटाले में बैंक के चेयरमैन और मैनेजिंग डायरेक्टर की गिरफ्तारी हुई थी, जिसके बाद आज शेयर को लेकर सेंटीमेंट निगेटिव बन गए।  

बुधवार को बैंक ऑफ महाराष्‍ट्र का शेयर 13.47 रुपए के भाव पर बंद हुआ था। वहीं, गुरूवार को शेयर 12.75 रुपए के भाव पर खुला। कारोबार के दौरान 7 फीसदी तक टूटकर शेयर 12.50 रुपए के भाव पर पहुंच गया। गुरूवार को शेयर के लिए 13.16 रुपए का भाव हाई रहा है। पिछले एक साल में शेयर के भाव में 54 फीसदी की कमी आ चुकी है। 21 जून 2017 को शेयर 29.2 रुपए के भाव पर था जो 20 जून 2018 को 13.47 रुपए के भाव पर बंद हुआ। 

3000 करोड़ के फ्रॉड का मामला

3000करोड़ के DSK ग्रुप लोन डिफॉल्ट मामले में पुणे पुलिस के इकोनॉमिक ऑफेंस विंग ने बुधवार को बड़ा एक्शन किया था। इस मामले में बैंक ऑफ महाराष्‍ट्र के सीईओ एंड एमडी रविंद्र मराठे को अरेस्ट किया गया है। मराठे के अलावा बैंक के एग्जीक्यूटिव डायरेक्टर आरके गुप्ता सहित कुछ अन्य अधिकारियों को भी अरेस्ट किया गया है। जिसमें बैंक के पूर्व सीएमडी सुशील मुहनोत भी शामिल हैं। आरोप है कि इन लोगों ने दिवालिया हो चुके डीएसके ग्रुप को गलत तरीके से लोन दिलवाने में मदद की।  

इन मामलों में केस दर्ज हुआ

पुणे पुलिस के इकोनॉमिक ऑफेंस विंग ने अरेस्ट किए गए लोगों पर चीटिंग, फोर्जरी, क्रिमिनल कॉन्सिपिरेंसी और धोखाधड़ी का मामला दर्ज किया है। बैंक के पूर्व सीएमडी सुशील मुहनोत को जयपुर से अरेस्ट किया गया है। पुलिस ने जांच में पाया है कि बैंक ऑफ महाराष्ट्र के सीईओ रविंद्र मराठे समेत बैंक के कई अधिकारियों ने दिवालिया हो चुके बिल्डर डीएस कुलकर्णी को लोन दिलाने में मदद की। रिपोर्ट्स के अनुसार बैंक अधिकारियों को उनके दिवालिए होने की जानकारी थी। 

फरवरी में अरेस्ट हुए थे डीएस कुलकर्णी

डीएसके ग्रुप के प्रमुख डीएस कुलकर्णी पुणे बेस्ड बल्डिर हैं, जिन पर 4000 निवेशकों को धोखा देने का आरोप है। डीके और उनकी वाइफ हेमन्ती को इसी साल फरवरी में क्राइम ब्रांच ने अरेस्ट किया था। कुलकर्णी पर बैंक का पैसा न चुकाने और सही समय पर फ्लैट न देने के आरोप थे। कुलकर्णी पर निवेशकों के 230 करोड़ रुपए भी नहीं लौटाने का आरोप है।

124 प्रॉपर्टीज अटैच करने के लिए जारी हुआ था नोटिफिकेशन

बैंक ऑफ महाराष्‍ट्र के 2 ऑफिशियल के अलावा जो लोग अरेस्ट हुए हैं, उनमें इनमें डीएसके ग्रुप के सीए सुनील घाटपांडे, इंजीनियरिंग डिपार्टमेंट के वाइस प्रेसिडेंट राजीव नेवासकर और बैंक ऑफ महाराष्‍ट्र के जोनल मैनेजर नित्यानंद देशपांडे शामिल हैं। पिछले महीने महाराष्‍ट्र सरकार ने कुलकर्णी, उनकी वाइफ और डीएसके ग्रुप के अधिाकारियों से जुड़ी 124 प्रॉपर्टीज, 276 बैंक अकाउंट और 46 व्हीकल्स अटैच करने के लिए नोटिफिकेशन जारी किया था। 

source www.moneybhaskar.com

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