SENSEX: 34010.76 -286.71

NIFTY: 10452.30 -93.20

Stock Signs


271.75-2.55%BSE : Feb 16, 16:00

Stocks in the news: SBI, IDBI Bank, Gallant Ispat, Biocon, Canara Bank, Quess Corp, NCC, Bhushan Steel

Here are stocks that are in news today:

Banking Secy Says
Will Infuse Rs 8,800 Cr in SBI
Will Infuse Rs 5,473 Cr in PNB
Will Infuse Rs 5,375 Cr in BoB
Will Infuse Rs 4,865 Cr in Canara Bank
Will Infuse Rs 4,524 Cr in Union Bank
Will Infuse Rs 2,839 Cr in Syndicate Bank
Will Infuse Rs 1,890 Cr in Andhra Bank
Will Infuse Rs 785 Cr in Punjab & Sind Bank
Will Infuse Rs 10,610 Cr in IDBI Bank
Will Infuse Rs 9,232 Cr in Bank Of India
Will Infuse Rs 6,507 Cr in UCO Bank
Will Infuse Rs 5,158 Cr in Central Bank
Will Infuse Rs 4,694 Cr in IOB
Will Infuse Rs 3,571 Cr in OBC
Will Infuse Rs 3,045 Cr in Dena Bank
Will Infuse Rs 3,173 Cr in Bank Of Maharashtra
Will Infuse Rs 2,634 Cr in United Bank
Will Infuse Rs 2,187 Cr in Corporation Bank
Will Infuse Rs 1,500 Cr in Allahabad Bank
Will Infuse Rs 1,277 Cr in Vijaya Bank
Economy has gained traction since govt’s recap announcement in PSU banks
Govt promised to give capital on the basis of performance, merit
Depositors' money in PSBs is safe; no PSB will fail
Regulatory capital of all banks will be maintained
PSBs must aim for customer satisfaction, responsible banking
PSBs should deepen financial inclusion, be a friend of SME
Proposed that every bank shall have a min 10% exposure in a consortium borrower
Propose to mandate minimum 10% exposure per bank in large corp loans
All loans above Rs 250 cr will undergo special monitoring
Breach of any loan covenant will be shared w/entire lending consortium as a red flag
Each bank to adopt a policy in accordance with their core strengths
PSU banks need to identify non-core assets to monetise
For 65 cr BSBD accounts, there are no minimum balance maintaining charges
Bank recap to be more than Rs 1 lakh cr this FY

On CNBC-TV18 Indian Overseas Bank
Recap has reaffirmed people's faith in the banking system
Believe co will not take an aggressive haircut post recapitalisation

CNBC-TV18Exclusive Chanda Kochhar Says: Davos
Good Initiative By Govt To Remind Banks About Governance
Banking Industry Is Working Towards Resolution Of Big Loans
PSB Recap Was Basic Hygiene That Bks Needed To Arrive At A Certain Cap Adequacy
Banking Sector Needs To Focus On Resolution & Recovery At This Moment
Policy Changes Have Ensured Capacity Utilisation Of Steel Ind Has Gone Up
Lending For Affordable Housing Needs To Done On Basis Of Earning Capacity
Consumer & Industrial Sides Of Credit Growth Are Positive
Investor Confidence On India Is Rising As Govt Has Delivered On Its Promises

CNBC-TV18Exclusive Wipro CEO Says at Davos
Localisation For Co Has Improved In US & Europe
Digital & Consulting Is Now 25% Of Total Revenue For Co
A Strong Foundation Was Built For Digital Business
Now Is The Time To Scale Up Digital Business
Many Customers Are Now Ready For Higher Digital Business
Cloud Business Is Becoming Very Big Now
Will Look To Acquire For Niche Capabilities
Average Deal Size For Digital Business Is Getting Bigger
Plan Is To Fill Certain Vertical Gaps Via M&A
Worst Is Behind Us In Energy Sector; Still Some Headwinds On Utilities Side
Co Has Some Sizeable Deals In The Pipeline
Our Transformation Plan Has Yielded Results

Gallant Ispat
Proposal to further expand capacity of various plants
Proposal to install pelletisation plant as backward integration Approved amalgamation of wholly owned subsidiaries

Ashok Leyland has received an order of over Rs 350 crore from VRL Logistics for 1200 trucks

Bharat Electronics in its Board meeting proposed for buy back of the fully paid-up equity shares of the company of face value of Re 1 each which will also be considered by the Board

Bharat Financial Inclusion assigned a pool of receivables of an aggregative value of Rs 225.77 crore to a public sector bank on direct assignment basis as per the guidelines of the Reserve Bank of India

Canara Bank Q3
Net Profit (RD) 62.1 percent At Rs 125.7 Cr Vs Rs 321.9 Cr (YoY)
NII (GU) 52.4 percent At Rs 3,679 Cr Vs Rs 2,413 Cr (YoY)
Gross NPA At 10.38 percent Vs 10.51 percent (QoQ)
Net NPA At 6.78 percent Vs 7.02 percent (QoQ)
Gross NPA at Rs 40,311.9 Vs Rs 39,164 Cr (QoQ)
Net NPA at Rs 25,295 Cr Vs Rs 25,165.6 Cr (QoQ)

Biocon Q3
Net Profit (RD) 46.4 percent At Rs 91.9 Cr Vs Rs 171.3 Cr (YoY)
Revenue (GU) 1.9 percent At Rs 1,057 Cr Vs Rs 1,037.6 Cr (YoY)
EBITDA (RD) 20 percent At Rs 220.8 Cr Vs Rs 276.1 Cr (YoY)
EBITDA Margin At 20.89 percent Vs 26.61 percent (YoY)

Pidilite Q3
Net Profit (GU) 18 percent At Rs 239.1 Cr Vs Rs 202.6 Cr (YoY)
Revenue (GU) 15.6 percent At Rs 1,542.9 Cr Vs Rs 1,334 Cr (YoY)
EBITDA (GU) 29.1 percent At Rs 370.2 Cr Vs Rs 286.7 Cr (YoY)
EBITDA Margin At 24 percent Vs 21.5 percent (YoY)

Geojit Financial Services
Revenue up 36 percent at 91cr
EBITDA up 41 percent at 26.7cr
OPM at 29.3 percent vs 28.2 percent
PAT up 33 percent at 20cr

Quess Corp
EPS at 4.82 vs 2.61
Revenue up 48 percent at 1584cr vs 1067cr
EBITDA up 54 percent at 91cr vs 60cr
OPM at 5.7 percent vs 5.6 percent
PAT up 107 percent at 69.8cr vs 33.7cr
Other Income doubled to 12cr

KEI Industries
EPS at 4.96 vs 3.33
Revenue up 17 percent at 889cr
EBITDA up 9 percent at 84cr
OPM at 9.4 percent vs 10.1 percent
PAT up 50 percent at 39cr vs 26cr

Liberty Shoes
EPS at 1.56 vs 0.67
Revenue up 27 percent at 163cr
EBITDA flat at 11.4cr
OPM at 6,9 percent vs 8.9 percent
PAT up 136 percent at 2.6cr

Music Broadcast
EPS at 2.08 vs 2.27
Revenue up 5 percent at 76.2cr vs 72.8cr
EBITDA down 12 percent at 23.3cr vs 26.6cr
OPM at 30.6 percent vs 36.6 percent
PAT up 16 percent at 11.9cr vs 10.2cr

Orient Green Power
Revenue up 2 percent at 56cr vs 55cr
EBITDA up 3 percent at 22cr
OPM at 60.3 percent vs 60.9 percent
LOSS at 51cr vs LOSS at 70cr

Siti Cable
revenue up 20 percent at 357cr
EBITDA up 27 percent at 69.5cr
OPM at 19.4 percent vs 18.2 percent
LOSS at 32cr vs LOSS at 33cr

Bharat Bijlee
EPS at 17.07 vs 5.87
Revenue up 35 percent at 228cr vs 169cr
EBITDA up 133 percent at 14cr vs 6cr
OPM at 6.1 percent vs 3.5$
PAT up 189 percent at 9.6cr vs 3.32cr

Everest Industries
EPS at 6.45 vs (-9.22)
Revenue up 25 percent at 291cr vs 236cr
PAT at 9cr vs Loss of 14cr

Genus Power
EPS at 0.51 vs 0.48
Revenue up 9 percent at 200cr vs 183cr
EBITDA down 14.5 percent at 19cr vs 23cr
OPM at 9,7 percent vs 12.3 percent
PAT up 8 percent at 13cr vs 12cr

Ion Exchange
Revenue up 23 percent at 243cr vs 197cr
EBITDA up 42 percent at 14.5cr
OPM at 5.9 percent vs 5.1 percent
PAT up 49 percent at 8.8cr vs 5.9cr

Other stocks and sectors in the news

NCC to consider fund raising via QIP on Jan 30, 2018
Bhushan Steel bids may touch double of liquidation value
Indian Hotels - Taj mansingkh bid deadline extended to February 7
Electrosteel Steels may see a revision in bidsCadila turns focus on vaccines, biosimilars.

State Bank of India

BSE ID : 500112    NSE ID : SBIN

271.75-7.10 (-2.55%)

BSE : 16-Feb 17:00

Open Price 280.05   Volume 3,887,817     Bid offer  
High Price 281.20   52 Wk High 351.50   Price 271.75 271.75  
Low Price 270.00   52 Wk Low 241.25   Quantity 1.00 49.00  
Prev. Close
278.85   See Technical Chart

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Ranak Merchant, Technical Analyst

Day - 19th Feb. 2018
Time - 13.00hrs

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