TOP CORPORATE NEWS
·
BHEL commissions
600 MW Thermal Unit in Chhattisgarh
Bharat
Heavy Electricals has successfully commissioned 600 MW thermal unit in
Chhattisgarh. The unit was commissioned at Dainik Bhaskar Power's upcoming
2x600 MW thermal power project located at Dhabra in Janjgir Champa District of
Chhattisgarh. This is the second unit of the power project, commissioned by
Bhel. The first 600 MW unit was successfully commissioned by the Company in
2014.
·
CPI data for March
2014 expected at 5.44%
CPI
data for March 2014 will be out on 13 March (Monday) and consensus
estimates stands at 5.44% Vs 5.37% in Feb 2015.
·
SBI, HDFC cut
home loan rate by 20bps-25 bps
The
country's two largest mortgage lenders SBI and HDFC Limited has reduced
their home loan rates for retail borrowers. HDFC has brought down its
lending rate by 20 basis points with effect from April 13 and following the
reduction the company will extend loans at 9.9%.HDFCs cost of funds is likely
to decline post reduction in base rate by banks and drop in wholesale
borrowings rates and largely neutral for spreads. SBI too reduced home loan
rates by upto 25 bps but for new borrowers hence may not have significant
impact on NIMs.
·
TNPL plans to set
up 30 MW power plant
Tamil
Nadu Newsprint and Papers Ltd (TNPL) is planning to set up a 30 mega watt (MW)
power plant with an investment of around Rs150crore. It will cater to the
upcoming Rs1,500crore multilayer paper board manufacturing plant, which is
expected to be ready by the end of 2015. – Positive for TNPL.
·
RPP Infra bags
new order from Hindustan Prefab; stk up
RPP
Infra Projects gained over 8%, touching to Rs162.9, after the company said it
has bagged new order worth Rs46.53 crore from Hindustan Prefab an Government of
India Enterprise.
The
order is for construction of 2071 prefabricated toilet blocks for government
schools in the state of Andhra Pradesh, RPP Infra Projects said.
·
Apollo Tyres
commences construction in Hungary
Apollo
Tyres has commenced construction at its upcoming facility in Hungary. The
company plans to invest Euro 442 million in Hungary and the production is
expected to commence in early 2017. Positive for the company.
·
Maruti Suzuki
targets growth of 11% in FY16
Maruti
Suzuki has targeted a growth of 10-11% in domestic sales for FY16. Along with
exports the company targets to sell 1.44million vehicles in FY16 which is
in-line with our estimates.
The
company has lined up a utility vehicles, a compact diesel car, a small
commercial vehicle and a premium hatchback for launch during the year. Positive
for the company.
·
Positive surprise
on IIP, growth improves to 5% in Feb 2015rts production in Panipat Unit
Industrial
production grew at 5% in February, which was higher than market estimates and
close to 18 month high.This was mainly on account of improvement in
manufacturing activity (up 5.2% Vs 3.3% MoM), a rebound in consumer
non-durables (10% Vs -0.1% MoM) and also due to a lower base effect. The pick
in IIP suggests, revival in industrial segment which is key to improvement in
economic growth.
·
Hero MotoCorp to
launch a new scooter in July
As
per media reports, Hero MotoCorp is planning to launch a new metal body scooter
in July 2015 which is targeted at the market leader Honda’s Activa. The
company has delayed its motorcycle launch so as to focus on the scooter
segment. The new scooter will have added features such as telescopic shock
absorbers, digital console and integrated braking. View: The added focus of
Hero MotoCorp on the scooter segment augurs well for the company. We continue
to remain positive on the stock.
CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities including bullions, metals & Agro- commodities traded in MCX and NCDEX.
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