ICICI Bank Quarter(Q4) Result Update:

India's biggest private sector lender by assets, said it expects the new financial year to be better in terms of bad loans, after reporting an increase in sour assets in its fiscal fourth quarter.

ICICI Bank – the country’s largest private sector lender –  registered 10.2% growth in its net profit to Rs 2922 crore for the quarter ended March as compared to Rs 2652 crore reported during the same period of the same year, mainly aided by trading gain. This was the lowest profit growth since October-December quarter of 2009, when the bank incurred a loss. Net profit numbers, however, were a tad higher than a Bloomberg estimate of Rs 2881 crore.

Net interest income, the difference between interest earned and interest expended, grew by 16.6 percent to Rs 5,079 crore during January-March quarter. Other income climbed 17.5 percent to Rs 3,496.3 crore from Rs 2,976.09 crore during the same period. Net interest margin improved to 3.57 percent in March quarter from 3.46 percent in December quarter and the same in FY15 improved to 3.48 percent compared to 3.33 percent in FY14. While addressing press conference, Chanda Kochhar, Managing Director and Chief Executive Officer of ICICI Bank said the bank will target to maintain net interest margin at current levels of 3.57 percent. Operating profit spiked 22.8 percent on yearly basis to Rs 5,468.3 crore while operating expenses increased 8 percent to Rs 3,107.4 crore in the quarter gone by. The bank has kept tight control over its employee cost that rose 2.9 percent year-on-year to Rs 12,98.80 crore while other operating expenses jumped 11.9 percent to Rs 1,808.59 crore in March quarter.

Bad loans zoomed for the lender as more and more restructured assets slipped to the non-performing category. The gross NPA of the bank as at Rs 15,095 core or 3.78% of gross advances as compared with Rs 10,505 crore reported a year ago (3.03%).

Treasury operations was the silver lining during the quarter as the bank booked trading profit worth Rs 726 crore as compared to Rs 245 crore during the same period last year, on the back of favourable bond and equity markets. Trading gains helped its non-interest income to grow by 17%, despite a 7% growth in fee income.

The bank has seen healthy growth in retail loans, which comprises 42.5per cent of its total portfolio, with home loan growing by 26% and car loans by 25%. Overall retail loan growth ws 25% while corporate book saw 10% growth. Growth in retail loans coupled with 15% growth in low cost deposits helped the bank to improve its net interest margins by 11 bps over the previous quarter to 3.57% during Q4. For the full year, NIM was 3.48% as compared to 3.33%.

ICICI Bank has recommended a dividend of Rs 5 per share for the financial year 2014-15.

Stock update: YES Bank (Positional call)

About Yes bank:

Yes Bank is one of the Private banking Sector. YES BANK, India’s fourth largest private sector Bank, is a high quality, customer centric, service driven, private Indian Bank catering to the Future Businesses of India.

BSE Code for Yes bank is  532648 and the NSE Code is YESBANK.

Yes bank Quarter(Q4) Result Update:

Yes bank today registered 28.1 percent rise in its standalone net profit at Rs 551 crore for the fourth quarter ended March 2015 on higher interest income and healthy growth in advances and deposits.

 Net profit grew by 28.1 percent year-on-year to Rs 551 crore from Rs 430.2 crore in same quarters last year, driven by strong other income and net interest income.Net interest income climbed 35.8 percent on yearly basis to Rs 977 crore and other income (non-interest income) jumped 32.5 percent to Rs 590.44 crore in the quarter ended March 2015.

Expected movement for this Month:

Buy: 

Yes Bank is also strongest and good stock in banking sector like HDFC bank.we can buy this Yes bank stock at current level(850 ). so my first target is 860.60 and second target is 863.13. Finally my exit target for this month Buy is 868.03.So small investor can buy the 850 call option when it reaches 850 level. For Big investor can buy Yes bank future at when yes bank equity crosses 850 level.

HDFC Bank Quarter(Q4) Result Update:

HDFC Bank Ltd, India's second-biggest private sector lender by assets, said on Thursday it was optimistic of growing loans on the back of faster economic expansion after reporting net profit grew more than a fifth in the March quarter.

HDFC Bank Ltd on Today  reported a net profit of Rs 2,807 crore, up 20.7 per cent YoY, for the quarter ended March 31, supported by healthy net interest income , and strong other income. The results were largely in line with ET Now estimate of Rs 2,838 crore. India's second-biggest private sector lender, had reported a net profit of Rs 2,326 crore in the year-ago period. 

Total income increased from Rs 12,789.98 crore for the quarter ended March 31, 2014, to Rs 15,570.13 crore for the quarter ended March 31, 2015.

Net interest income - the difference between interest earned and interest paid - rose by 21.4 per cent on a year-on-year basis, in line with ET Now estimate of Rs 6,038 crores. 

Net interest income increased to Rs 6,013 crore for the quarter ended March 31, as compared to Rs 4,953 crore reported in the corresponding quarter of the last fiscal year. Pre-provision profit (PPP), or profits before deducting any provisions, rose by 24.90 per cent on a year-on-year basis. 

PPP rose to Rs 4,722 crore for the fourth quarter of the financial year 2015, as compared to Rs 3,779 crore reported in the year-ago period. 

On asset quality front, the bank's net non-performing assets (NPA) decreased to 0.90 per cent of the total advances in the fourth quarter of 2014-15, from 1 per cent recorded in the previous quarter. Likewise, gross NPAs slipped to 0.2 per cent in Q4, from 0.3 per cent recorded in the previous quarter. 

The board has recommended a dividend of Rs 8 per share for the year ended March 31, 2015. 

Yes bank Quarter(Q4) Result Update:

Yes bank today registered 28.1 percent rise in its standalone net profit at Rs 551 crore for the fourth quarter ended March 2015 on higher interest income and healthy growth in advances and deposits.

 Net profit grew by 28.1 percent year-on-year to Rs 551 crore from Rs 430.2 crore in same quarters last year, driven by strong other income and net interest income.Net interest income climbed 35.8 percent on yearly basis to Rs 977 crore and other income (non-interest income) jumped 32.5 percent to Rs 590.44 crore in the quarter ended March 2015.

Mr Rana Kapoor managing directors and CEO, YES Bank said that,The bank posted robust growth in advances and deposits while gradually increasing diversification and granularity as reflected in higher contribution from retail/SME advances and CASA deposits.

Total income has increased from Rs 3,013.57 crore for the quarter ended March 31, 2014 to Rs 3,678.83 crore for the quarter ended March 31, 2015, it added. The bottom line was also boosted by operating profit that surged 37.8 percent to Rs 937.50 crore in March quarter compared to Rs 680.44 crore in the year-ago period. However, operating expenses were up 30 percent to Rs 630.01 crore and tax expenses jumped by whopping 46.2 percent to Rs 260.15 crore during the same period.

Net interest margin remained unchanged at 3.2 percent on sequential basis but year-on-year increased from 3 percent.Provisions for bad loans, however, shot up 74.8 percent year-on-year (up 80.6 percent quarter-on-quarter) to Rs 126.4 crore with provision coverage ratio as on March 31 at 72 percent.

The year-on-year increase in provision was driven by step up in the excess standard provision to the extent of Rs 50.7 crore in Q4FY15. The bank, thus, continued to maintain this provisioning of 0.5 percent of advances despite robust growth.

Asset quality weakened a bit on year-on-year basis but the same was stable on sequential basis. Gross non-performing assets (NPA) as a percentage of gross assets declined to 0.41 percent in January-March quarter from 0.42 percent in the corresponding quarter last year. Net NPA rose (up 7 bps Y-o-Y) sequentially to 0.12 percent from 0.10 percent.

In absolute term, gross NPA jumped 79.2 percent Y-o-Y (up 12.5 percent Q-o-Q) to Rs 313.4 crore and net NPA climbed 236.4 percent Y-o-Y (up 36 percent sequentially) to Rs 87.7 crore in March quarter.The bank said total restructured advances stood at Rs 382 crore as on March 31, which represented 0.5 percent of the gross advances.

Total advances grew by 35.8 percent to Rs 75,549.8 crore and deposits increased by 22.9 percent to Rs 91,175.8 as on March 31, 2015.

For the year 2014-15, net profit climbed by 24 percent to Rs 2,005.4 crore and net interest income jumped 28.4 percent to Rs 3,487.8 crore with net interest margin at 3.2 percent compared to 2.9 percent in previous year.

Meanwhile, the board members of the private sector lender has approved a capital raising plan of upto USD 1 billion (subject to shareholder approval) by way of QIP or any other international offering such as ADR/GDR or any other appropriate mode as deemed suitable.

During the quarter ended March 2015, the bank already raised Rs 2,942.07 crore by issuing 5.34 crore equity shares to qualified institutional placement at Rs 550 apiece. The bank has also received board approval to raise Rs 10,000 crore of infrastructure bonds/tier I/tier II bonds to enable stable funding cost.

Yes Bank has recommended the payment of final dividend at Rs 9 per equity share.

Stock update: Carana Bank Sell (Positional call) Profit update:

In my previous post we have advised to Sell Canara bank once Canara bank equity crosses the  395.98.Target we have provided the for sell is 386.09 Today it open at 401.5 and today Low was 386. So my target has been reached.

http://nseanalyst.blogspot.de/2015/04/stock-update-carana-bankpositional-call.html

Profit:

Canara bank Lot size is 1000.

Shorted the Canara bank future at 395.

Brought the canara bank future at 387.

Total profit:

395-387=8*1000

Profit is Rs 8000.

And we have also got Rs 9000 from Buy call as well on Wednesday(April 15).

Stock update: Carana Bank(Positional call) Profit update:

In my previous post we have advised to Buy Canara bank once Canara bank equity crosses the  402.64 Today open was 401.5 and today high is 411.45. So my target has been reached.

Profit:

Canara bank Lot size is 1000.
 
Buy Canara bank future at 402.

Exit at 411.

Profit =411-402=9*1000

Total Profit is Rs 9000

Stock update: Carana Bank(Positional call)

About Canara Bank:

Canara Bank, incorporated in the year 1996, is a Large Cap company  and having a market cap of Rs 18,998.37Cr. It is a  Corporate Banking and It provides various services to its corporate clients such as Cash Management Services, loans, IPO monitoring services, etc. NRI Banking– Besides various personal banking products it also offers remittance services, consultancy services to its NRI Clients. It also offers various products and services to priority and SME sector.

The Bank has gone through the various phases of its growth trajectory over hundred years of its existence. Growth of Canara Bank was phenomenal, especially after nationalization in the year 1969, attaining the status of a national level player in terms of geographical reach and clientele segments. Eighties was characterized by business diversification for the Bank. In June 2006, the Bank completed a century of operation in the Indian banking industry. The eventful journey of the Bank has been characterized by several memorable milestones. Today, Canara Bank occupies a premier position in the comity of Indian banks.

BSE Code For this stock is 532483 and the NSE Code is CANBK.

Latest announcement:

CANARA BANK among 200 most Reputed Companies in the World.In a recent survey of India  consumers conducted by Reputation Institute (USA), Canara Bank earned a Global Reputation Pulse  rating of 73.34 placing it 8th on a list of the largest companies in India , Canara Bank's Reputation  score is above the average rating of all Companies rated by consumers in 32 countries, and places  Canara Bank in an elite group made up of the 200 best Regarded companies in the world.  Canara Bank's global rank is 103. Among the only 4 Indian banks (all PSBs) in the first 200.  Canara Bank ranked second below SBI (29th rank) and above BOB (175th rank) and  PNB (178th Rank). Expected movement for this Month: Buy:

Canara Bank was last traded at Rs 399.80, up 1.98%.we can buy Canara bank stock when canara bank Equity crosses 402.64 level. so my first target is 409.35 and second  target is 411.04 (You can exit at this level). Finally my exit target for this month Buy is 412.73.So small investor can buy the 400 call option when it reaches 402.64 level.  For Big investor can buy Canara bank future at when Canara bank equity crosses 402.64 level. Short: According to last month high and low, we can short this stock when it crosses 395.98.  So my first target is 389.37, second target is 387.73 and exit target for short is 386.09.we can short the Canara bank future at 395.98 level. Please find the below table.

ICICI bank Home loan rate Cut

ICICI Bank has announced on Tuesday that they slashed home loan rate for both existing as well as new borrowers by 0.25 percent joining a rate cut was initiated by its bigger rivals HDFC Ltd and SBI. Women borrowers and financially weaker sections will now get home loan at 9.85 percent, while for other borrowers it will be 9.90 percent. The cut in the home loan rate is in line with the base rate reduction of 0.25 percent announced last week as there is no tinkering with spreads on loans.

The country's largest lender SBI is also offering similar home loan rates effective yesterday. ICICI Bank has confirmed that home loan rates effective today are valid for all existing and new customers. With this announcement, women as well as applicants from weaker sections will get home loans at 9.85 percent. The rate will be 9.90 percent for all others. The interest rate for fixed rate home loans has also been reduced. The borrowers taking fixed rate home loans with tenure of 10 years for loan amount up to Rs 30 lakh will have to pay 9.90 percent, the same effective interest rate applicable for floating rate home loans. Effective April 10, the new base rate or the minimum lending rate is 9.75 percent. The move will benefit all existing customers of floating home loans, whose home loan rates will be reduced by 0.25 percent as per the change in the base rate. 

Stock update: Crompton Greaves (Positional call)

About Crompton Greaves:

Crompton Greave is in the Electric Equipment sector. Crompton Greaves Limited (CG) is a pioneering leader in the management and application of electrical energy, with a presence in over 10 countries. CG is active in the global power transmission & distribution (T&D) arena, and is amongst the world’s top ten transformer manufacturers.

It is an Indian multinational company engaged in design, manufacturing, and marketing of products related to power generation, transmission, and distribution based in Mumbai. It is part of Avantha Group.

CG has 20 manufacturing divisions spread across India. And with the acquisition of Pauwels (Belgium), Ganz (Hungary), Microsol (Ireland), Sonomatra (France), MSE Power Systems (USA), Power Technology Solutions (UK), three businesses in Nelco (INDIA), Emotron (Sweden), QEI Inc. (USA) and ZIV Group (Spain), the company is emerging as a first choice global supplier for high quality electrical equipment.

 BSE Code for this stock is 500093 and the NSE Code for this stock is  CROMPGREAV.

Latest announcement:

The Avantha Group has decided to sell the industrial division of Crompton Greaves and retain the consumer business, changing once again its strategy on the group flagship that manufactures transformers and switchgear to home appliances and electronic surveillance equipment.

Expected movement for this Month:

Buy:

Crompton Greave was last traded at Rs 175.45. We can buy this stock at current market level.That is once Equity crosses 175.38 we can buy this stock and 175 is the strong support for this stock.My first target 179.82 and  Exit target will be 180.94.So please buy 1 lot future when equity crosses 175.45 level and hold till expiry. Please exit at 180.

 

Sell:

Crompton Greave crosses the 170.99 we can short this stock. Please find below the table.My first target for sell is 166.66 and exit target for sell is 165.58. please short 1 lot of future when equity crosses the 170 level.Please exit at 165.58

Nifty Trend :09/04/2015 Profit update:

Nifty : 

Today we have given the nifty tips that buy one lot of NIFTY future once equity crosses the 8720.70 level and exit target was 8767. Target already reached.

Profit:

Lot size of Nifty is 25.

Profit =8767-8720=47*25 = 1175

Total profit is Rs 1175.

Nifty Trend :09/04/2015

NIFTY:

The Indian share market maintained its upper trend for the fourth consecutive session on Wednesday with the Nifty crosses 8700 level. The broader markets also moved in tandem with benchmarks. Positive global cues and banks passing on rate cuts to system boosted sentiment today. The 30-share BSE Sensex jumped 191.16 points to 28707.75 and the 50-share NSE Nifty rallied 54.10 points to 8714.40 supported by technology.

The Indian equity market may open in Green as SGX nifty is trading in Green at 8797 at 8.23 hrs with 31 point up.

Intraday Target:(09/04/2015):

BUY:

If nifty crosses the 8720.70 level or open above it will go further in upper. So please buy one lot of Nifty future once nifty equity crosses 8720.70 level .First target for today is 8751. Our exit target for today is 8767.
Nifty lot size is 25.














Sell:

You can short Nifty future when NIFTY equity crosses 8689.61.Hence Short the NIFTY one lot future at this level. My first target for sell NIFTY is 8658.56. And when it reaches 8650.81 levels please exit from this trade. And please maintain the stop loss which is mentioned in below diagram.

Stock update: Tatamotors (Positional call)

About Tatamotors:

Tata Motors Limited is India's largest automobile company, with consolidated revenues of INR 2,32,834 crores (USD 38.9 billion) in 2013-14. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. It also has an industrial joint venture with Fiat in India.  With over 8 million Tata vehicles plying in India, Tata Motors is the country's market leader in commercial vehicles and among the top in passenger vehicles. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia, South America, CIS and Russia.

BSE Code for TATAMOTORS is  500570 and the NSE Code for this stock is TATAMOTORS

Latest announcement:

Tata Motors Yesterday said it has no plan to sell majority/strategic stake in Tata Technologies Ltd (TTL), the auto designer arm of the company, as it considers the Pune-based firm as strategically important for its business. "Tata Motors considers TTL as strategically important for its business. There is no intention of TML to sell majority/strategic stake in TTL and reports of divestment of the 90 percent stake are incorrect, the country's largest automotive firm said in a filing to the BSE. Tata Motors along with its subsidiary holds 72.32 percent stake in TTL and 15.47 percent stake is held by rest of the Tata Group, it added. The homegrown auto major was responding to reports that it along with Tata group's private equity fund Tata Capital were looking to sell their 90 percent stake in TTL.

 

It now earns one third of its revenue from North America, Europe and Asia Pacific. Nearly 65 per cent of its business comes from the automotive sector, 12 per cent from aerospace and the rest from industrial machinery and other businesses. Tata Motors is the country's largest automobile company, with consolidated revenues of Rs 2,32,834 crores in 2013-14. Tata Motors shares closed at Rs 561.55 apiece on the BSE, up 0.27 per cent from previous close.

Expected movement for this Month:

Tatamotors was last traded at Rs 561.5 net change percentage was 0.27%.Tatamotors is the biggest and good stock for invest our money. We can buy this stock at current level. When TATAmotors equity Crosses 563.52 it strongly indicate upper trend. So buy this stock at that level. My first target for this month is 571.47. And exit target will be 575.6.

Tips to buy:

Lot size of Tatamotors is 500.

For small investor Buy 1 lot of 560 CALL @ 15- 18 level

Target for this Month is 27.

For big investor Buy 1 lot of future when equity crosses 563.52. Please wait till expiry Target for this month is 575.6.