Tag: Asia Market

Buyback- An Inside Story

A buyback is a transaction in which a company buys back its own shares. It is capitalization of its own surplus cash. hence it can also be viewed as an alternative to cash dividends. Shares that have been issued and subsequently buyback are classified as treasury shares. They are not then considered for dividends, voting rights or computing earnings per share(EPS). Some of the basic reasons for share buyback or repurchase are: 1. Management perceived shares in the company to be undervalued in the market place or more generally to support the share price. Company intrinsic value is more than market price. 2. There is no better opportunity to deploy cash, which can generate better returns than cost of capital. 3. Tax efficiency in distributing cash, in market in which the tax rate on cash dividends exceeds the tax rate on capital gains. 4. To absorb increase in share outstanding resulting from the exercise of employee stock options. 5. Capitalization of reserve and surplus to improve ROE. <strong><u>Various share buyback method used by the companies are:</u></strong> 1. Buy in the open market <br /><a class="btn btn-tislider-two" href="http://www.ifminvest.in/buyback-an-inside-story/">Read More</a>

HDFC Bank Ltd. has declared the results of Q2 FY16

The bank has posted a rise of 20.49% & 6.44% in its net profit at Rs 2869.45 crore for the quarter ended September 30, 2015 as compared to the same quarter in the previous year & last quarter resp. Total income has increased by 24.68% at Rs 17324.28 crore for quarter under review as compared to Rs 13894.73 crore for the quarter ended September 30, 2014. Net income saw a rise of 24.69% and other income saw a rise of 24.65% on Y-o-Y basis. Asset quality of the bank has also improved. The bank's gross NPA for the July-September quarter of the current fiscal improved to 0.91%, as compared to 1.02% in the same quarter of the previous year. Besides, bank's Net NPA stood at 0.25% in Q2FY16. CASA proportion as on 30-Sep-2015 stands at 40%. Latest Key Indicators of the stock are as follows:<br /><a class="btn btn-tislider-two" href="http://www.ifminvest.in/hdfc-bank-ltd-has-declared-the-results-of-q2-fy16/">Read More</a>

HCL Technologies Ltd. has declared the results of Q2 FY16

Company has declared results as per expectations. On the consolidated basis, HCL Tech. has reported decline in net profit by 2.92% and rise of 2.21% on sequential basis. Net Revenues (consolidated) of the company has increased by 15.59% and 3.27% at Rs 15,635 crore for quarter under review as compared to the quarter ended September, 2014 and June, 2015 respectively. Latest Key Indicators of the stock are as follows:<br /><a class="btn btn-tislider-two" href="http://www.ifminvest.in/hcl-technologies-ltd-has-declared-the-results-of-q2-fy16/">Read More</a>

Zee Entertainment Enterprise Ltd. has declared the results of Q2 FY16

Zee Entertainment Enterprises (ZEE) has reported results for second quarter ended September 30, 2015. On the consolidated basis, the company has reported 8.72% & 1.5% rise in its net profit for the quarter ended September 30, 2015 (Q2, FY16) as compared to the same quarter in the previous year ended September 30, 2014 (Q2, FY15) and previous quarter ended June 30, 2015 (Q1, FY16) respectively. Net Revenues (consolidated) of the company has increased by 23.89% Year-on-Year basis and 3.36% Quarter-on-Quarter basis to Rs 1,384.9 crore for quarter under review. <strong>Latest Key Indicators of the stock are as follows:</strong><br /><a class="btn btn-tislider-two" href="http://www.ifminvest.in/zee-entertainment-enterprise-ltd-has-declared-the-results-of-q2-fy16/">Read More</a>

TCS Ltd. declared the financial results of Q2 FY16

A fair growth of 14.06% in the revenue at Rs. 27165 Cr. was reported in the September 2015 quarter as compared to Rs. 23816 Cr. during year-ago period on consolidated basis. A humble growth in net profit of 16.02% reported in the quarter ended September 2015 to Rs. 6084 Cr. from Rs. 5244 Cr. Company has also witnessed small increase in profit margins. On sequential basis, growth in revenues is at 5.83% and net profit at 7.05%. <strong>Latest Key Indicators of the stock are as follows:</strong><br /><a class="btn btn-tislider-two" href="http://www.ifminvest.in/tcs-ltd-declared-the-financial-results-of-q2-fy16/">Read More</a>

SENSEX posted 31% fall in earnings in the quarter ending March-15

<p style="text-align: justify;">Corporations posted heavy falls in the earning in the quarter ending Mar-15. Bad results were being estimated but no one had expected such huge falls in profits. SENSEX earnings (of 25 companies who has posted results so far) in Q4 FY15 have come down by whopping 31% as compared to the year before in Q4 FY14.</p> <div align="center"> <table class=" alignleft" width="597" border="0" cellspacing="0" cellpadding="0"> <tbody> <tr> <td nowrap="nowrap" width="212"> <p align="center">Company Name</p> </td> <td nowrap="nowrap" width="128"> <p align="center">Q4 FY15</p> </td> <td nowrap="nowrap" width="128"> <p align="center">Q4 FY14</p> </td> <td width="128"> <p align="center">Percentage Change</p> </td> </tr> <tr> <td valign="bottom" nowrap="nowrap" width="212"> <p align="center">Vedanta</p> </td> <td valign="bottom" width="128"> <p align="center">-19,228.12</p> </td> <td valign="bottom" width="128"> <p align="center">1,621.55</p> </td> <td valign="bottom" width="128"> <p align="center">-1285.79</p> </td> </tr> <tr> <td valign="bottom" nowrap="nowrap" width="212"> <p align="center">Tata Steel</p> </td> <td valign="bottom" width="128"> <p align="center">-5,674.29</p> </td> <td valign="bottom" width="128"> <p align="center">1,035.87</p> </td> <td valign="bottom" width="128"> <p align="center">-647.78</p> </td> </tr> <tr> <td valign="bottom" nowrap="nowrap" width="212"> <p align="center">Tata Motors</p> </td> <td valign="bottom" width="128"> <p align="center">1,716.50</p> </td> <td valign="bottom" width="128"> <p align="center">3,918.29</p> </td> <td valign="bottom" width="128"> <p align="center">-56.19</p> </td> </tr> <tr> <td valign="bottom" nowrap="nowrap" width="212"> <p align="center">BHEL</p> </td> <td valign="bottom" width="128"> <p align="center">888.35</p> </td> <td valign="bottom" width="128"> <p align="center">1,844.59</p> </td> <td valign="bottom" width="128"> <p align="center">-51.84</p> </td> </tr> <tr> <td valign="bottom" nowrap="nowrap" width="212"> <p align="center">Bajaj Auto</p> </td> <td valign="bottom" width="128"> <p align="center">69.14</p> </td> <td valign="bottom" width="128"> <p align="center">137.71</p> </td> <td valign="bottom" width="128"> <p align="center">-49.79</p> </td> </tr> <tr> <td valign="bottom" nowrap="nowrap" width="212"> <p align="center">GAIL</p> </td> <td valign="bottom" width="128"> <p align="center">510.75</p> </td> <td valign="bottom" width="128"> <p align="center">972.03</p> </td> <td valign="bottom" width="128"> <p align="center">-47.46</p> </td> </tr> <tr> <td valign="bottom" nowrap="nowrap" width="212"> <p align="center">Hindalco</p> </td> <td valign="bottom" width="128"> <p align="center">159.53</p> </td> <td valign="bottom" width="128"> <p align="center">248.15</p> </td> <td valign="bottom" width="128"> <p align="center">-35.71</p> </td> </tr> <tr> <td valign="bottom" nowrap="nowrap" width="212"> <p align="center">TCS</p> </td> <td valign="bottom" width="128"> <p align="center">3,712.67</p> </td> <td valign="bottom" width="128"> <p align="center">5,357.61</p> </td> <td valign="bottom" width="128"> <p align="center">-30.70</p> </td> </tr> <tr> <td valign="bottom" nowrap="nowrap" width="212"> <p align="center">ONGC</p> </td> <td valign="bottom" width="128"> <p align="center">3,935.07</p> </td> <td valign="bottom" width="128"> <p align="center">4,889.00</p> </td> <td valign="bottom" width="128"> <p align="center">-19.51</p> </td> </tr> <tr> <td valign="bottom" nowrap="nowrap" width="212"> <p align="center">Hero MotoCorp</p> </td> <td valign="bottom" width="128"> <p align="center">476.53</p> </td> <td valign="bottom" width="128"> <p align="center">554.43</p> </td> <td valign="bottom" width="128"> <p align="center">-14.05</p> </td> </tr> <tr> <td valign="bottom" nowrap="nowrap" width="212"> <p align="center">Coal India</p> </td> <td valign="bottom" width="128"> <p align="center">4,238.55</p> </td> <td valign="bottom" width="128"> <p align="center">4,434.19</p> </td> <td valign="bottom" width="128"> <p align="center">-4.41</p> </td> </tr> <tr> <td valign="bottom" nowrap="nowrap" width="212"> <p align="center">Wipro</p> </td> <td valign="bottom" width="128"> <p align="center">2,272.00</p> </td> <td valign="bottom" width="128"> <p align="center">2,226.50</p> </td> <td valign="bottom" width="128"> <p align="center">2.04</p> </td> </tr> <tr> <td valign="bottom" nowrap="nowrap" width="212"> <p align="center">Infosys</p> </td> <td valign="bottom" width="128"> <p align="center">3,097.00</p> </td> <td valign="bottom" width="128"> <p align="center">2,992.00</p> </td> <td valign="bottom" width="128"> <p align="center">3.51</p> </td> </tr> <tr> <td valign="bottom" nowrap="nowrap" width="212"> <p align="center">ITC Ltd.</p> </td> <td valign="bottom" width="128"> <p align="center">2,361.18</p> </td> <td valign="bottom" width="128"> <p align="center">2,278.01</p> </td> <td valign="bottom" width="128"> <p align="center">3.65</p> </td> </tr> <tr> <td valign="bottom" nowrap="nowrap" width="212"> <p align="center">Dr. Reddys Lab</p> </td> <td valign="bottom" width="128"> <p align="center">518.84</p> </td> <td valign="bottom" width="128"> <p align="center">481.6</p> </td> <td valign="bottom" width="128"> <p align="center">7.73</p> </td> </tr> <tr> <td valign="bottom" nowrap="nowrap" width="212"> <p align="center">Reliance</p> </td> <td valign="bottom" width="128"> <p align="center">6,381.00</p> </td> <td valign="bottom" width="128"> <p align="center">5,881.00</p> </td> <td valign="bottom" width="128"> <p align="center">8.50</p> </td> </tr> <tr> <td valign="bottom" nowrap="nowrap" width="212"> <p align="center">HDFC Ltd.</p> </td> <td valign="bottom" width="128"> <p align="center">2,646.35</p> </td> <td valign="bottom" width="128"> <p align="center">2,414.70</p> </td> <td valign="bottom" width="128"> <p align="center">9.59</p> </td> </tr> <tr> <td valign="bottom" nowrap="nowrap" width="212"> <p align="center">ICICI Bank</p> </td> <td valign="bottom" width="128"> <p align="center">3,084.92</p> </td> <td valign="bottom" width="128"> <p align="center">2,724.26</p> </td> <td valign="bottom" width="128"> <p align="center">13.24</p> </td> </tr> <tr> <td valign="bottom" nowrap="nowrap" width="212"> <p align="center">Hindustan Unilever</p> </td> <td valign="bottom" width="128"> <p align="center">1,018.08</p> </td> <td valign="bottom" width="128"> <p align="center">872.13</p> </td> <td valign="bottom" width="128"> <p align="center">16.73</p> </td> </tr> <tr> <td valign="bottom" nowrap="nowrap" width="212"> <p align="center">Axis Bank</p> </td> <td valign="bottom" nowrap="nowrap" width="128"> <p align="center">2,180.59</p> </td> <td valign="bottom" nowrap="nowrap" width="128"> <p align="center">1,842.32</p> </td> <td valign="bottom" width="128"> <p align="center">18.36</p> </td> </tr> <tr> <td valign="bottom" nowrap="nowrap" width="212"> <p align="center">SBI</p> </td> <td valign="bottom" width="128"> <p align="center">4,694.11</p> </td> <td valign="bottom" width="128"> <p align="center">3,963.82</p> </td> <td valign="bottom" width="128"> <p align="center">18.42</p> </td> </tr> <tr> <td valign="bottom" nowrap="nowrap" width="212"> <p align="center">HDFC Bank</p> </td> <td valign="bottom" width="128"> <p align="center">2,806.91</p> </td> <td valign="bottom" width="128"> <p align="center">2,326.52</p> </td> <td valign="bottom" width="128"> <p align="center">20.65</p> </td> </tr> <tr> <td valign="bottom" nowrap="nowrap" width="212"> <p align="center">Bharti Airtel</p> </td> <td valign="bottom" width="128"> <p align="center">1,255.30</p> </td> <td valign="bottom" width="128"> <p align="center">961.6</p> </td> <td valign="bottom" width="128"> <p align="center">30.54</p> </td> </tr> <tr> <td valign="bottom" nowrap="nowrap" width="212"> <p align="center">Maruti</p> </td> <td valign="bottom" width="128"> <p align="center">1,284.24</p> </td> <td valign="bottom" width="128"> <p align="center">800.05</p> </td> <td valign="bottom" width="128"> <p align="center">60.52</p> </td> </tr> <tr> <td valign="bottom" nowrap="nowrap" width="212"> <p align="center">Tata Power</p> </td> <td valign="bottom" width="128"> <p align="center">159.14</p> </td> <td valign="bottom" width="128"> <p align="center">-145.33</p> </td> <td valign="bottom" width="128"> <p align="center">209.50</p> </td> </tr> <tr> <td valign="bottom" nowrap="nowrap" width="212"></td> <td valign="bottom" nowrap="nowrap" width="128"></td> <td valign="bottom" nowrap="nowrap" width="128"></td> <td valign="bottom" nowrap="nowrap" width="128"></td> </tr> <tr> <td valign="bottom" width="212"> <p align="center"><b>SENSEX (25 Companies)</b></p> </td> <td valign="bottom" nowrap="nowrap" width="128"> <p align="center"><b>66,628.34</b></p> </td> <td valign="bottom" nowrap="nowrap" width="128"> <p align="center"><b>96,331.60</b></p> </td> <td valign="bottom" nowrap="nowrap" width="128"> <p align="center"><b>-0.31</b></p> </td> </tr> </tbody> </table> <p style="text-align: justify;"><br /><a class="btn btn-tislider-two" href="http://www.ifminvest.in/sensex-posted-31-fall-in-earnings-in-the-quarter-ending-march-15/">Read More</a></p></div>