Mark To Market 13th February 2019

Sensex closed 120 points, or 0.33 per cent, lower at 36,034.11, while

Nifty lost 38 points, or 0.35 per cent, to close at 10,793.65.

The BSE Midcap and Smallcap indices closed 0.52 per cent and 0.38 per cent lower, respectively.

Gainers

General Insurance Corporation of India ,Adani Ports SEz by 4%

Ibull HousingFin, Motherson Sumi by 3%

Losers

Eicher Motors,Concor, BEL by 4%

HPCL, Bosch by 3%

Company Updates

Analysts continue to prefer Tata Steel Ltd. over its larger peer JSW Steel Ltd.-The reasons for this is : lowering debt, no overhang on balance sheet, captive iron ore mining, retains full year guidance, discounted valuation.

Institutional investors put in Rs 8,000-cr bids for SUUTI stake in Axis Bank-Institutional investors bid for over 11.69 crore shares, 2.56 times the 4.56 crore shares on offer for them,

Reliance Power asks Sebi to ban Edelweiss Group- alleging "illegal and market disruptive activities" to cause a steep plunge in the company's share price

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Textile Sector In India:- An Overview (Part-1)

Facts India’s textile industry contributed seven percent of the industry output (in value terms) in FY19. It contributed two percent to the GDP of India and employed more than 45 million people in FY19. The sector contributed 15 percent to India’s export earnings in FY19. The Indian government has come up with a number of export promotion policies for the textile sector. It has also allowed 100 percent FDI in the sector under the automatic route. The textiles and apparel industry can be broadly divided into two segments - yarn and fiber and processed fabrics and apparel. Growth in demand is expected to continue at 12 percent CAGR to reach US$ 220 billion by 2025. India is the world's second-largest exporter of textiles and clothing. Increased penetration of organized retail, favorable demographics, and rising income levels is likely to drive demand for textiles. Post COVID-19 Scenario Due to the pandemic, businesses and supply chains are witnessing a drastic shift from trad...

Mark to Market " Banking Sector at Mess"

Market transactions by staff routine activity say RBL Bank as stock tanks 12% The total employee holding in the bank stood at around 3.46 crore shares as on 23 August, with over 25% of employees holding shares The bank's management had indicated possible corporate slippages to the tune of ₹1,000 crore in the coming quarters, during its Q1 results commentary A ‘priority sector’ problem brewing for YES Bank? The lender is said to have an exposure of about Rs 500 crore on account of loans to CCD. Most banks with exposure to the group said a significant portion of the debt was paid after Siddhartha sold his stake in IT services firm Mindtree for Rs 3,200 crore. But it’s not known how many banks individually loaned the company. Sources in the know said the loans were backed by the plantations and real estate.

Paint Industry:-Analysis

Global The global market volume of paint and coatings amounted to nearly ten billion gallons in 2019. In 2020, the global paint and coatings industry was estimated to be valued at some 158 billion dollars . USA The U.S. paints and coatings market size was valued at USD 24.2 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 3.7% from 2020 to 2027 The architectural and decorative segment led the market and accounted for more than 57.0% share of the overall revenue in 2019. Rising infrastructure spending in the U.S. is expected to potentially fuel the growth of the construction industry over the forecast period. The acrylic segment led the market and accounted for more than 42.0% share of the overall revenue in 2019. This is attributed to its high demand from infrastructure, automotive, paints and varnishes, and paints and metal coating applications. China Since 2013, Chinese total paint production has accounted for more than one-third o...

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