Motilal Oswal - MOSL: Morning India (8/December/17)-1. Financials (Insolvency and Bankruptcy resolution)-2. IOCL-3. Colgate

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Motilal Oswal

Team Research

MOSL: Morning India (8/December/17)-1. Financials (Insolvency and Bankruptcy resolution)-2. IOCL-3. Colgate

MOrning India (8/December/17): 1. Financials (Insolvency and Bankruptcy resolution); 2. IOCL; 3. Colgate

Todayâ€™s top research idea

IOCL: Paradip refinery - Growing bigger and stronger; Running at full utilization

Our recent visit to IOC's Paradip refinery has strengthened our confidence in the company's refining potential.
The refinery's mother unit is operating at full utilization, while secondary units are also running at optimum levels. The refinery has started taking heavy crude. According to management, there is significant leeway to increase utilization of the secondary units by buying intermediate feedstock. This would further support the GRM.
The refinery is expected to produce 27% petrol, in addition to 42% diesel, 5% ATF and 8.6% petcoke. Fuel & loss is ~10%, but will come down with offtake of ~7mmscmd of RLNG, once the Dhamra LNG terminal is operational.
The refinery is expected to commission its Polypropylene capacity by December 2018.

Piping hot news

Government may allow BS-IV vehicle registration beyond April 1, 2020

In what may come as a relief to the automotive industry, the government is considering allowing registration of Bharat Stage-IV vehicles beyond April 1, 2020, which is the deadline to adopt the BS-VI standards on emission. Production of BS-IV vehicles, though, wouldnâ€™t be permitted from April 1, 2020, show the draft rules published by the Ministry of Road, Transport & Highways to amend the Central Motor Vehicles (Amendment) Rules, 2017.â€‹

08/12/2017 26 EN

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Motilal Oswal

Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.

Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.

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MOSL: Morning India (8/December/17)-1. Financials (Insolvency and Bankruptcy resolution)-2. IOCL-3. Colgate

MOSL : HOME FIRST FINANCE COMPANY: Earnings in-line with sustained improvement in asset quality

MOSL : SHOPPERS STOP: Ticking the right boxes

MOSL : ERIS LIFESCIENCES: Enhanced efforts toward product launch-related activities

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