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.