shareBazar: January 2016

Sunday 31 January 2016

{LONGTERMINVESTORS} India January Nikkei/Markit manufacturing PMI rises to 51.1 from 49.1 in Dec

India January Nikkei/Markit manufacturing PMI rises to 51.1 from 49.1 in Dec

--
You received this message because you are subscribed to the Google Groups "LONGTERMINVESTORSRESEARCH" group.
To unsubscribe from this group and stop receiving emails from it, send an email to longterminvestorsresearch+unsubscribe@googlegroups.com.
Visit this group at https://groups.google.com/group/longterminvestorsresearch.
For more options, visit https://groups.google.com/d/optout.

{LONGTERMINVESTORS} PMI data indicates Indian factory activity bounced back to growth in January on strong demand

Karishma Suvarna

Re: {LONGTERMINVESTORS} Expectations from RBI - Discussions.

{LONGTERMINVESTORS} NIFTY DAYS HIGH 7606......

{LONGTERMINVESTORS} Aum - Market Times for 01-02-2016

{LONGTERMINVESTORS} AUROPHARMA LOOKS GOOD 813 TO 800 RESISTANCE 873 SUPPORT AT 790. SHORT TERM

Re: {LONGTERMINVESTORS} News & Misc. items - Thread

China Manufacturing PMI rose to 48.4 in January from 48.2 a month earlier. A reading above 50 indicates the manufacturing economy is generally expanding.

{LONGTERMINVESTORS} Livemint Newsletter

Newsletter | 01 February 2016

Commodity slump aids profit growth

Profit growth highest in three years, but subdued demand continues to weigh on revenue growth

Birla Corp set to buy Reliance Infrastructure's cement assets

Birla Corp's unexpected bid for Reliance Cement came barely three months after Birla agreed to buy Lafarge's 5.15 mtpa capacity for Rs5,000 crore in August

Rate cut can wait, liquidity is a bigger issue

RBI governor Raghuram Rajan is likely to wait for the Union Budget to be presented before another rate cut

Tying Narendra Modi to the mast

There is no shortage of 'Sirens' who want the Prime Minister to provide a stimulus to the economy

OPINION

Finding the right tool for economic intervention

Relaxation in the fiscal consolidation roadmap can upset the bond market

The truth of democracy

The US was conceived by its founders as a constitutional oligarchy embedding rule of law and civil liberties

Can 'Make in India' fly?

Inequality, technology and the need for jobs are three forces that are shaping economies and societies

Xi Jinping's strategic Middle East gambit

The Chinese president's visit to Iran (after summits in Saudi Arabia and Egypt) is of strategic significance

More on Livemint

India turns the tide on malnutrition

According to health experts, more than 50% of child mortality under five years of age can be attributed to malnutrition

NSE bypasses Sebi, writes to finance ministry on listing stand-off

NSE's letter comes against the backdrop of diverse views on the issue of exchange listings

Govt to states: Increase power tariff, cut theft

Suggestions aimed to prevent utilities being bailed out by state govts from slipping back into losses

Nine disruptors we should keep an eye on

These nine people are good at what they do, and now they want to try difficult new things. They represent the values we've tried to instil in Mint

Companies | Industry | Policy | Consumer | Money | Opinion | Small Picture | Drawbridge | Lounge | Slideshows | Videos | Specials

Re: {LONGTERMINVESTORS} Research Reports extracts & summaries - Thread

Broker's Corner

Motilal Oswal on Pidilite :Maintain BUY, with target price of INR660

CLSA ON PVR : Maintains Buy, target of ₹1,080

DEUTSCHE BANK ON UPL : Maintains Buy; cuts target to ₹575 from ₹595

DEUTSCHE BANK ON TVS MOTOR : Maintains Hold, target of ₹260

DEUTSCHE BANK ON NTPC : Maintains Buy; cuts target to ₹165 from ₹167

DEUTSCHE BANK ON JSW STEEL : Maintains Buy; cuts target to ₹1,200 from ₹1,215

MACQUARIE ON YES BANK : Maintains Outperform, target of ₹900

MACQUARIE ON TVS MOTOR : Maintains outperform, target of ₹345

CLSA ON MARICO : Maintains Outperform; raises target to ₹245 from ₹230

MACQUARIE ON L&T : Maintains outperform; target of ₹1,469

{LONGTERMINVESTORS} Daily mutual fund equity and debt performance report - February 1

Daily mutual fund equity and debt performance report

Dear all,

Please find the performance tracker of equity and debt mutual fund schemes in the links mentioned below.

For details, click on the links below

http://content.icicidirect.com/mailimages/ISec_daily_Equity_Performance_Report.zip

http://content.icicidirect.com/mailimages/ISec_daily_Debt_Performance_Report.zip

Research Desk |ICICIdirect.com|

Email : research@icicidirect.com |

"Print this mail only if absolutely necessary. Save Paper. Save Trees."

"The information contained in this e-mail and any attachments to this message are intended for the exclusive use of the intended recipient and may contain proprietary, confidential or legally privileged information. If you are not the intended recipient, please note that you are not authorised to disseminate, distribute or copy this e-mail or any parts of it or act upon/rely on the contents of this e-mail in any manner. Please notify the sender immediately by e-mail and destroy all copies of this e-mail and any attachments. Please also note that ICICI Bank or its subsidiaries and associated companies, (collectively"ICICI Group"), are unable to exercise control or ensure or guarantee the integrity of/over the contents of the information contained in e-mail transmissions and that any views expressed in this e-mail are not endorsed by/binding on the ICICI Group unless the sender does so expressly with due authority of ICICI Group. Before opening any attachments please check them for viruses and defects and please note that ICICI Group accepts no liability or responsibility for any damage caused by any virus that may be transmitted by this email. Thank you for your cooperation."

{LONGTERMINVESTORS} Daily Currency Strategy (February 1): Sell US$INR in range of 68.36-68.46...

In the currency futures market, the most traded dollar-rupee February contract on the NSE ended at 68.10. The February contract open interest was down 1.01% from the previous day

March contract open interest was down 1.41% from the previous day

We expect the US dollar to meet supply pressure on rallies against the rupee. Utilise pullbacks in the US$/INR February contract to sell

Intra-day strategies

1. Sell US$INR in the range of 68.36-68.46

For details, click on the link below

http://content.icicidirect.com/mailimages/Currency_outlook.pdf

Research Desk |ICICIdirect.com|

Email: research@icicidirect.com|

"Print this mail only if absolutely necessary. Save Paper. Save Trees."

{LONGTERMINVESTORS} FYI, China's factory activity shrank for an 11th straight month in January, but at a slower pace than in December, a private survey showed today

FYI, China's factory activity shrank for an 11th straight month in January, but at a slower pace than in December, a private survey showed today

CA Mihir Desai

{LONGTERMINVESTORS} NIFTY LOOKS GOOD 7597 TO 7585 RESISTANCE 7630 SUPPORT AT 7557. INTRADAY

Re: {LONGTERMINVESTORS} News & Misc. items - Thread

Market Buzz

RBI tells all banks to conduct internal audit

Govt sets Feb 15 deadline to resolve stalled projects issues

Govt May Raise Defence FDI Cap For Certain Technologies

Govt To Invite Tenders For 3 Port Projects By March

Jet Fuel Prices Cut By 12% To Rs 35,126.82/kL FmRs 39,892.32/kL In Delhi

AURO PHARMA

Unit 7 has received a Form 483 with few observations

Not in a position to indicate number of observations in Form 483

Lupin's Pithampur, Aurangabad & Tarapur Plants Inspected By US FDA

Inspection Of All 3 Plants Cleared By US FDA Without Any Observation

Aurobindo Pharma gets tentative USFDA approval for Saxagliptin

Dr Reddy's gets tentative USFDA approval for Zenavod

DHFL to finalise stake dilution in life insurance arm by March

SBI Taking Lead In Debt Recovery Of Vijay Mallya Led Companies

Honda Cars India In MoU With Magma Fincorp To Provide Car Finance: CIS

KKR, Apax and Carlyle in foray to buy stake in Apollo Health and Lifestyle, To sell 30% stake for 500cr

KPTL and Amin Group interested to buy the SDR hit Jyoti Structures

Tilaknagar Industries - Lenders mull SDR option

Godfrey Phillips India approved the move to seek the service of a merchant banker for any potential restructuring of its various businesses.

Unichem Laboratories has received approval from the US health regulator to market alfuzosin hydrochloride

L&T Q3 Cons PAT at Rs 1,034 cr vs Rs 867 cr, up 19.3% YoY.

Marico Net Profit at 198 crores against estimate of 182 cr

SHRIRAM TRANSPORT: Q3 PAT At Rs. 375 Cr Vs Rs. 312 Cr

Pidilite Q3: Cons Net Profit At Rs 185.7 Cr Vs Rs 124.4 Cr

Jagran Prakashan Q3: PAT at Rs 93.3 vs Rs 66.6, up 40.1% cr.

GIC HOUSING: Q3 Profit UP 21.9% At Rs. 30.6 Cr Vs Rs. 25.1 Cr

IIFL HOLDINGS: Q3 Profit UP 13.4% At Rs. 127 Cr Vs Rs. 112 Cr

Grasim PAT at Rs 260 cr vs Rs 93.7 cr, up 177.5% YoY

IDFC Q3: Consol PAT at Rs 176 cr vs Rs 422 cr, down 58.3% YoY.

Relaxo Footwears Q3: Net Profit At Rs 24.4 Cr Vs Rs 20 Cr (YoY)

Sharda Cropchem Q3: Net Profit At Rs 8.3 Cr Vs Rs 5.2 Cr (YoY)

Himatsingka Seide Q3: Cons Net Profit At Rs 41.6 Cr Vs Rs 24.5 Cr (YoY)

Future Lifestyle Q3: Net Profit At Rs 19.7 Cr Vs Rs 1.9 Cr (YoY)

Re: {LONGTERMINVESTORS} News & Misc. items - Thread

Market Outlook:

Indian markets are likely to open with gains and trade with a positive bias today.
From Intraday perspective, Nifty likely to witness buying interest above 7580 for potential upside till 7610 / 7675 while selling pressure to emerge below 7490 for downside till 7400.

News Flow:

Marico Ltd has reported a growth of 23.7% in its consolidated net profit after taxes (PAT) at Rs 197.81 crore for the third quarter ended December 31, 2015. The consolidated net profit of the company stood at Rs 159.88 crore during the same period a year ago.
IDFC Ltd has reported a fall of 58.2% in its consolidated net profit after taxes (PAT) at Rs 176.18 crore for the third quarter ended December 31, 2015. The consolidated net profit of the company stood at Rs 421.6 crore during the same period a year ago.
Larsen & Toubro Ltd has reported a growth of 19.4 % in its consolidated net profit after taxes (PAT) at Rs 1,034.8 crore for the third quarter ended December 31, 2015.
TVS Motor Company Ltd has reported an increase of 19.4% in its standalone net profit after taxes (PAT) at Rs 107.7 crore for the third quarter ended December 31, 2015. The standalone PAT of the company stood at Rs 90.18 crore during the same period a year ago.

Stock Idea:

Recommendation: Cipla Ltd

Suggested Range: Buy around INR 585

Target: INR 603 / 609

Holding Period: upto 5 days

Stoploss: INR 572

Technical Rationale: Cipla has been in a short term corrective mode. It has halted the correction around 580 levels which is the previous swing low. In Friday's trading session it has witnessed buying interest from that crucial support. The daily Stochastics oscillator is witnessing signs of recovery from oversold territory indicating a pullback is likely in the short term. We expect the stock to continue the positive momentum and reach levels of 603 which is the previous swing high and above that 609 which is the 20 day simple moving average.

{LONGTERMINVESTORS} News Briefing

Economic Times

Ø  Corporates, agriculture must be equally strong: FM Arun Jaitley
Ø  China urges US not to undermine mutual trust, peace
Ø  'Over $150 bn investments required for smart cities'
Ø  RBI's policy to set the tone for equity markets
Ø  India needs $1 tn for new roads, airports: Gadkari
Ø  Mauritius to begin automatic tax information exchange from Sept 2018

Business Standard

Ø  Unsponsored ADRs, GDRs likely to get tax relief
Ø  World optimistic about India but expects speedy reforms: Hal S Scott
Ø  GAIL seeks ethane import from US for $5-bn petrochem plant
Ø  Bank of Baroda scam: RBI tells banks to conduct internal audit
Ø  PM wants 50% farmers to join Crop Insurance Scheme in 2 years
Ø  61% Indians aged 45-plus want to retire in next 5 yrs: Survey

Business Line

Ø  India trims US govt securities holding to $115 bn in Nov
Ø  Fuel prices: Govt to request airlines to transfer benefit to passengers
Ø  Sahara using cash from small savers to keep hill resort afloat
Ø  Mutual fund houses roll out Aadhaar facility for investors
Ø  Grasim to spend over Rs. 4,000 cr on capacity expansion in 2016-17 fiscal

Mint

Ø  Govt reviews over 50-year-old Specific Relief Act
Ø  UP govt takes over Rs39,900 crore power utility debt
Ø  Marico Q3 profit up 23.71% at Rs197.8 crore
Ø  Excise duty hiked on petrol by Re1 per litre, on diesel by Rs1.5
Ø  Infosys, Wipro join Barack Obama's $4 billion 'Computer Science for All' education plan

Financial Express

Ø  M-capitalisation of top 10 companies jumps by over Rs 1 lk cr
Ø  RBI monetary policy may keep interest rate unchanged on Tuesday
Ø  Godfrey Phillips India posts Q3 net at 14 crore
Ø  Labour Ministry to trim companies EPFO coverage threshold to 10 workers
Ø  Insurance industry seeks hike in tax exemption limit

Financial Chronicle

Ø  FPI outflow hits 5-month high of Rs 11,000 cr in Jan
Ø  India faces challenges in sticking to fiscal roadmap: S&P
Ø  Govt sets Feb 15 deadline for stuck road projects
Ø  Over 11 lakh file tax returns under special drive by Income Tax Dept
Ø  Haryana govt eases norms to attract investments

Re: {LONGTERMINVESTORS} Research Reports extracts & summaries - Thread

Macquarie on L&T
* Maintain outperform, 12-month target price at '1469
* Positive surprise on order inflow front, mgmt's revenue guidance to help bounce back
* Strong growth from Middle East revenues is positive, but risks remain on low crude price
* Q4 results with pick up in domestic revenue remains key catalyst for upside

Credit Suisse on L&T
* Maintain Outperform, Target cut to `1425 from `1475
* Overall results weaker than anticipated, order inflows positive surprise
* Order inflows positive surprise on back of strong domestic order book
* Cut in order inflow guidance already priced in
* Retain revenue guidance, implies pick up to be seen in 4Q
* Margins weakened in large projects pending threshold level of execution

CLSA on Marico
* Raise target to `245 from `230, Maintain Outperform
* Strong volume growth and impressive margin expansion
* 10% volume growth makes it the fastest growing consumer firm in 3QFY16
* Management targets 8-10% YoY volume growth in the medium term
* Volume growth of Saffola and VAHO should be 10% and 12-15%
* Focus would continue on distribution expansion and new products

Macquarie on TVS Motors
* Maintain outperform, 12-month target price at '345
* Stable margins despite adverse export conditions helped by low commodity costs
* Two thirds of biz exposed to fast growing segments, strong product action
* Expect tripled earnings over FY15-18 unpinned by strong EPS growth over 5 years

Macquarie on JSW Steel
* Maintain Neutral, 12-month target price at 948
* Weak steel prices to lower margins until govt delivers protection using MIP
* Expect 25% increase in capacity making it well-poised for strong volume performance
* Expect earnings downside of 15-20% on back of delayed MIP, weak international sales

Macquarie on Yes Bank
* Maintain Outperform, 12-month target price at '900
* Expect strong earnings growth, stable asset quality to guide growth
* Believe current valuations offer significant comfort even with unforeseen mgmt risks
* Mgmt's indication of recognition of 75% of RBI accounts projects strong asset quality for Q4

Deutsche Bank on JSW Steel
* Maintains Buy, TP cut to `1200 from `1215
* Weak quarter as expected; expect recovery in ensuing quarters
* Miss at consolidated level attributable primarily to weak subsidiary performance
* Higher fixed costs caused by Furnace shutdowns, affecting profitability
* Lower iron ore & coking costs & improved product mix to support recovery

Deutsche Bank on NTPC
* Maintains Buy, TP cut to `165 from `167
* Profits flat, interest income down due to higher capex & bonus debentures
* Core ROE down due to higher full fixed cost recovery in base quarter
* Generation was lower due to weak demand
* To be driven by strong capacity growth addition of 15-18GW over next 3 yrs

Deutsche Bank on TVS Motor
* Maintains Hold, Target `260
* In-line results, mgmt guides for aggressive market share gains
* PAT surprised positively due to higher other income & lower tax rate
* Building in strong earnings growth, FY16-18E CAGR of 25%
Inventory remains stable at 28-32 days
* Exports to see near-term hit due to currency depreciation & lack of USD in African markets

Deutsche Bank on UPL
* Maintains Buy, TP cut to `575 from `595
* Delivers consistent growth & Margin expansion surprises positively
* Volume growth on high base, tough operating conditions & volatility in EM currencies
* Expect 17% EPS CAGR over FY16-18E driven by robust volume growth
* Reasonable valuation at FY17 P/E of 12x, 25-30% discount to global peers

Deutsche Bank on Yes Bank
* Maintains Buy, Target `900
* Strong quarter on all counts: growth, CASA, NIM & asset quality
* Asset quality remains stable, slippages rise, but strong in current context
* Strong loan growth of +27% YoY, driven by both corporate (+24%) and retail (+33%)
* About 76% of portfolio is rated A or better & >97.7% is BBB and above
* NIMs improved as funding costs down 20bps & yields on advances down 10bps QoQ

CLSA on PVR
* Maintain Buy, target price at `1080
* High employee costs, low EBITDA margins, high entertainment tax were major negatives
* ATP growth of 8%, high advertising revenue remain positives for firm
* High gross margin F&B, ad sales coupled with GST to expand EBITDA margin in future

CLSA on Pidilite Industries
* Raise target to `463 from `455, Maintain Sell
* Recent crude correction caused short term windfall gains expanding EBITDA margins
* Competitive pressure is high, demand is muted, high EBITDA margins are unsustainable
* Expect downside on back of weak risk-reward, long-term EPS downgrade risk

BofA ML on Shriram Transport
* Maintain Buy, target price at `1175
* High new truck demand on back of BS fitting in trucks, implementation of BS-4
* Expect pick-up in growth on parent level, rising margins, unwinding of credit costs
* Asset quality remains comfortable, much lower against competition

Re: {LONGTERMINVESTORS} News & Misc. items - Thread

ET GBS: Programmes not moving at required pace, says Larsen and Toubr's SN Subrahmanyan

Economic Times

ET GBS: Programmes not moving at required pace, says Larsen and ... Let's do it," said S N Subrahmanyan, president of Larsen and Toubro at the ET ...

{LONGTERMINVESTORS} F&O Pointers

* India's VIX index -3.7% to 17.24 on Friday, lowest close since Jan. 6; gauge caps weekly loss of 8.4%.
* Nifty put/call OI ratio 0.9 vs 3-mo. avg 0.82
* Bank Nifty ATM IV 23.2% vs 3-mo. avg 20.6%
* FPIs buy net $194.5m of index futures
* FPIs buy $333.6m of index options
* FPIs buy $79.3m of stk futures
* FPIs buy $16m of stk options
* FPIs sell $56.3m of stks on Jan. 28; YTD net sales $1.8b
* Nifty futures OI 271,477 contracts; SGX Nifty OI 296,687 contracts
* Total Nifty futures OI -15.1% to 568,164 contracts
* Total Bank Nifty futures OI -26.3% to 72,497 contracts
* Highest OI on Nifty: 7,400 puts, 7,600 calls
* Biggest increase in Nifty OI: 6,500 puts, 7,400 calls
* Nifty +1.9% to 7,563.55; futures premium Rs 4.5
* Bank Nifty +0.9% to 15,522.4; futures premium Rs 14.4

{LONGTERMINVESTORS} Cues

* Asia stks extend post-BOJ rally as bond yields sink; oil slips
* Indian Oil cuts prices on aviation fuel, effective today
* Rupee to restrain Rajan as deficit risks stoking inflation
* Rajan says Modi missing fiscal goal may propel bond yields
* India plans transfer savings from kerosene subsidy to states
* Indian Oil shuts crude unit at Paradip refinery after fire
* Coal India unions seek taxes on imports to protect marketshare
* India may raise defense FDI for some technologies beyond 49%
* India to call tenders for 3 ports by March: Nitin Gadkari
* RBI revises ways and means advances program for India states
* Public investment key in current economic situation: Jaitley
* Gail said to buy LNG cargoes from BG, Qatar: Reuters
* India fuel tax increases to add 32b rupees of revenue: PTI
* Lupin plants said to be inspected, cleared by FDA: CNBC-TV18
* Tata Group unit plans to invest in Vietnam machinery plant: VIR
* Wipro head of Continental Europe Ulrich Meister said to exit: ET
* Cholamandalam Investment (CIFC): To raise 67b rupees selling debentures
* Dr Reddy's (DRRD): Gets tentative FDA approval for Zenavod, Doxycycline
* Engineers India (ENGR): Offer-for-sale subscribed 2.54x

{LONGTERMINVESTORS} IDFC-Core Biz Reports a Negative Rs 7 EPS for 9M D15

FYI

{LONGTERMINVESTORS} India Summary

1) Rupee to Restrain Rajan as India Deficit Risks Stoking Inflation
    (Bloomberg) -- The threat of a slumping rupee and an ill- disciplined budget will probably prevent Indian central bank Governor Raghuram Rajan from cutting interest rates on Tuesday. The rupee's 2.4 percent loss this year, the most in Asia, risks worsening inflation if Prime Minister Narendra Modi cuts stimulus spending rather than subsidies to narrow Asia's widest budget deficit this month. Thirty-six of 38 economists in a Bloomberg survey predict ...

2) India's Nifty Futures Rise After Stocks Post Weekly Advance
    (Bloomberg) -- SGX CNX Nifty Index futures for Feb. delivery +0.6% at 7,597.50. * Underlying Nifty Index +1.9% to 7,563.55 on Friday, highest close in 2 wks; Sensex +1.6%, capping its 1st weekly advance in 4 wks; Bank of New York Mellon India ADR Index +3.6% * NOTE: Larsen Third Quarter Net Income Matches, Sales Trail Estimates Link * NOTE: RBI to announce monetary-policy decision on Tuesday

3) INDIA DAYBOOK: Manufacturing PMI, Aban Offshore, Tech Mahindra
    (Bloomberg) -- Today: Nikkei-Markit Manufacturing PMI; earnings incl. Tech Mahindra, Aban Offshore, EID Parry India, Adani Enterprises; Railways Minister Suresh Prabhu speaks. (Please click here to subscribe to India Daybook) WHAT TO WATCH: * Asia stks extend post-BOJ rally as bond yields sink; oil slips * Indian Oil cuts prices on aviation fuel, effective today * Rupee to restrain Rajan as deficit risks stoking inflation * Rajan ...

4) China Factory Gauge Signals a Record Streak of Deterioration
    (Bloomberg) -- China's official factory gauge signaled conditions deteriorated for a sixth month as an index of services continued to hold up, illustrating the widening divergence in the two-speed economy. The purchasing managers index dropped to a three-year low of 49.4 in January, the National Bureau of Statistics said Monday. That compared with a median estimate of 49.6 in a Bloomberg survey of economists, and represents the longest stretch of readings remaining below ...

5) Meet the Man Who Became Singapore's Guru of Property by Accident
    (Bloomberg) -- Steve Melhuish knew practically nothing about the real estate market in Singapore when the condo he was renting was put up for sale in 2006. Now he dominates the industry. The British-born Melhuish and his wife had just moved to the city-state 18 months earlier and they were surprised at how difficult it was to find new housing. Decade-old sites like Realtor.com, popular in the U.S., hadn't reached Southeast Asia, and most real estate advertising still appeared ...

6) Asian Stocks Extend Post-BOJ Gain as China Slowdown Hurts Aussie
    (Bloomberg) -- Asian stocks climbed and Japanese bond yields tumbled as the impact of the Bank of Japan's surprise stimulus move continued to be felt across financial markets. The Australian dollar declined after an official Chinese manufacturing gauge missed economists' estimates. Japan's Topix index headed for an almost one-month high, after the BOJ's unexpected policy easing Friday saw global equities claw back some gains amid their worst month since ...

7) Indian Oil Cuts Prices on Aviation Fuel, Effective Today
    (Bloomberg) -- ATF prices in Delhi reduced to $391.6/kl from $448.04/kl, co. says in a statement posted on its website. * Kolkata: $436.94/kl vs $493.36/kl * Mumbai: $395.43/kl vs $451.86/kl * Chennai: $401.19/kl vs $457.65/kl

8) HSBC Says Hiring, Salaries to Be Frozen in 2016 to Cut Costs
    (Bloomberg) -- HSBC Holdings Plc will impose a hiring and pay freeze this year as part of its drive to cut as much as $5 billion in costs by the end of 2017, a spokeswoman for the bank said Sunday. The actions were outlined in a memorandum received by employees on Friday, the bank's Gillian James said in an e-mail statement. The moves were reported earlier by Reuters. "As flagged in our Investor Update we have targeted significant cost reductions by the end of ...

9) Lupin Plants Said to Be Inspected, Cleared by US FDA: CNBC-TV18
    (Bloomberg) -- Lupin's Pithampur, Aurangabad and Tarapur plants were inspected, cleared by FDA without any observation, CNBC-TV18 says on Twitter, citing unidentified people familiar. * Co. didn't immediately respond to CNBC-TV18's request for comment

10) Aurobindo Unit Gets Observations From FDA After Inspection: ET
    (Bloomberg) -- U.S. FDA visited, inspected Units 3, 7 last wk, ET NOW reports in postings on Twitter, citing co. * Unit 7 gets a few observations, not serious in nature * Unit 3 cleared without observation * In process of responding to FDA on observations * Inspection was an informed audit by FDA

11) Global Funds Add to Thailand Debt; Cut Korean, Indonesian Bonds
    (Bloomberg) -- Foreign funds were net buyers of 5.4b baht ($151.3m) in Thai bonds on Jan. 29, according to Thai Bond Market Association data; were net buyers of $69.6m in local equities that day, according to exchange data. * Global funds were net sellers of 150.2b won ($124.6m) in South Korean-listed bonds on Jan. 28, according to Financial Supervisory Service data; were net buyers of $161.4m in nation's equities on Jan. 29 * International investors were net ...

12) SEBI Said to Cut Chairman Shortlist to 3 Candidates: ET
    (Bloomberg) -- Chairman shortlist cut down to SBI Chairman Arundhati Bhattacharya, former FMC Chairman Ramesh Abhishek, former capital markets joint secretary Thomas Mathew, ET reports, citing unidentified people familiar. * Announcement expected early this month

13) Tata Group Unit Plans to Invest in Vietnam Machinery Plant: VIR
    (Bloomberg) -- Tata Group plans to invest in agricultural machinery plant in Mekong Delta city of Can Tho, Vietnam Investment Review reports, citing Jitendra Manghnani, country manager for Tata International. * Plant to make machines for exports and domestic market: newspaper * No plant details provided * NOTE: India's Tata Power Seeks More Plants in Vietnam, VOV Reports Link

{LONGTERMINVESTORS} News 01-02-2016

Securities in Ban For Trade Date 01-FEB-2016:NIL

Results today: Tech Mahindra, Century Textiles, Ajanta Pharma, Adani Enterprises, E.I.D.-Parry, Shalimar Paints, Aban Offshore, Dalmia Bharat Sugar, Gujarat Sidhee Cement, Jindal Saw, Jindal Stainless, Maharashtra Seamless, Monte Carlo, Skipper, State Bank of Travancore, Transport Corporation, VIP Ind, VRL Logistics, Abbott India, Brigade Enterprises, Fortis Malar Hospitals, Gravita India, Gulshan Polyols, Nitta Gelatin India, Oriental Hotels, RSWM, Saint-Gobain Sekurit, Saksoft, Sicagen India, Sutlej Textiles, Tamilnadu Petro, Tanla Solutions, Thirumalai Chem, Welspun Corp, Zee Learn

Market Buzz

RBI tells all banks to conduct internal audit

Govt sets Feb 15 deadline to resolve stalled projects issues

Govt May Raise Defence FDI Cap For Certain Technologies

Govt To Invite Tenders For 3 Port Projects By March

Jet Fuel Prices Cut By 12% To Rs 35,126.82/kL FmRs 39,892.32/kL In Delhi

AURO PHARMA

Unit 7 has received a Form 483 with few observations

Not in a position to indicate number of observations in Form 483

Lupin's Pithampur, Aurangabad & Tarapur Plants Inspected By US FDA

Inspection Of All 3 Plants Cleared By US FDA Without Any Observation

Aurobindo Pharma gets tentative USFDA approval for Saxagliptin

Dr Reddy's gets tentative USFDA approval for Zenavod

DHFL to finalise stake dilution in life insurance arm by March

SBI Taking Lead In Debt Recovery Of Vijay Mallya Led Companies

Honda Cars India In MoU With Magma Fincorp To Provide Car Finance: CIS

KKR, Apax and Carlyle in foray to buy stake in Apollo Health and Lifestyle, To sell 30% stake for 500cr

KPTL and Amin Group interested to buy the SDR hit Jyoti Structures

Tilaknagar Industries - Lenders mull SDR option

Godfrey Phillips India approved the move to seek the service of a merchant banker for any potential restructuring of its various businesses.

Unichem Laboratories has received approval from the US health regulator to market alfuzosin hydrochloride

L&T Q3 Cons PAT at Rs 1,034 cr vs Rs 867 cr, up 19.3% YoY.

Marico Net Profit at 198 crores against estimate of 182 cr

SHRIRAM TRANSPORT: Q3 PAT At Rs. 375 Cr Vs Rs. 312 Cr

Pidilite Q3: Cons Net Profit At Rs 185.7 Cr Vs Rs 124.4 Cr

Jagran Prakashan Q3: PAT at Rs 93.3 vs Rs 66.6, up 40.1% cr.

GIC HOUSING: Q3 Profit UP 21.9% At Rs. 30.6 Cr Vs Rs. 25.1 Cr

IIFL HOLDINGS: Q3 Profit UP 13.4% At Rs. 127 Cr Vs Rs. 112 Cr

Grasim PAT at Rs 260 cr vs Rs 93.7 cr, up 177.5% YoY

IDFC Q3: Consol PAT at Rs 176 cr vs Rs 422 cr, down 58.3% YoY.

Relaxo Footwears Q3: Net Profit At Rs 24.4 Cr Vs Rs 20 Cr (YoY)

Sharda Cropchem Q3: Net Profit At Rs 8.3 Cr Vs Rs 5.2 Cr (YoY)

Himatsingka Seide Q3: Cons Net Profit At Rs 41.6 Cr Vs Rs 24.5 Cr (YoY)

Future Lifestyle Q3: Net Profit At Rs 19.7 Cr Vs Rs 1.9 Cr (YoY)

Broker's Corner

Motilal Oswal on Pidilite :Maintain BUY, with target price of INR660

CLSA ON PVR : Maintains Buy, target of ₹1,080

DEUTSCHE BANK ON UPL : Maintains Buy; cuts target to ₹575 from ₹595

DEUTSCHE BANK ON TVS MOTOR : Maintains Hold, target of ₹260

DEUTSCHE BANK ON NTPC : Maintains Buy; cuts target to ₹165 from ₹167

DEUTSCHE BANK ON JSW STEEL : Maintains Buy; cuts target to ₹1,200 from ₹1,215

MACQUARIE ON YES BANK : Maintains Outperform, target of ₹900

MACQUARIE ON TVS MOTOR : Maintains outperform, target of ₹345

CLSA ON MARICO : Maintains Outperform; raises target to ₹245 from ₹230

MACQUARIE ON L&T : Maintains outperform; target of ₹1,469