Heckyl News Analytics

Three-in-five S&P 500 stocks’ news sentiment stays above 12-month average in July: Heckyl

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News sentiment for 308 companies from the S&P 500 index stood above 12-month average in July 2017, according to a study conducted by Heckyl Technologies. Many of these companies are from financials, consumer discretionary, industrials, and health care sectors.

Overall news sentiment for S&P 500 companies remained buoyant in July. News sentiment average for July was positive for 474 companies indicating overall optimism in the S&P 500 index, the leading indicator of US equities.  

At the same time, 56 companies primarily from health care, financials, and industrials witnessed a jump in monthly news sentiment average to 1-year high in July. Lockheed Martin Corp, Blackrock, The Charles Schwab Corp, Adobe Systems Inc and Nextera Energy were some of the companies whose monthly news sentiment average surged to 1-year high.

News Sentiment 1

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Heckyl News Alert Analysis: HCL Infosystems

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HCL Infosystems, an IT hardware and systems integrator, recorded a surge in share price on Tuesday (Jul. 18, 2017) after the leading financial daily stated Apple is likely to form distribution tie up with the company.

While clarifying on the media reports, the company said it is in various stages of discussion with multiple original equipment manufacturers (OEMs) for distribution arrangement of their products.

HCL Infosystems, which has a strong presence across the country, witnessed a huge buying interest in the stock market on the hopes of distribution tie up with the iPhone maker.

The stock rallied 18.74 percent to settle above 200-day moving average on Tuesday. Moreover, the volume of shares also spiked 21 times over the past 30-days average.

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Surge in growth-oriented news flow in H1’17 signals improvement in India Inc business confidence: Heckyl

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News flow related to growth-oriented business activities touched the highest level in 2-1/2 years indicating improvement in the business confidence of Indian companies, according to a study conducted by Heckyl, a leading Fintech engaged in news and financial data analytics.

Heckyl has analyzed news data for all the listed companies in India for the past 2-1/2 years covering over 51,000 growth-oriented news items for 1,915 companies.

The first half of 2017 witnessed a year-on-year rise of 15.10% and 11.20% over second half of 2016 in news items featuring growth-oriented business activities. At the same time, the number of companies mentioned in the growth-oriented news items has also grown 24.3% on a y-o-y basis and 23.7% over preceding six months.

Growth oriented news flow at multi-year high

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Voltas receives favourable media coverage

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Voltas, the largest air conditioning company in India, has attracted positive press coverage recently. Heckyl News Analytics platform, which identifies positive and negative media coverage by scanning thousands of news and blog sources in real-time, has assigned the highest positive score of 100 to the Tata Group company for 3 out of 5 trading sessions during the previous week. Meanwhile, the average sentiment score for the past week stood at 84. Heckyl assigns sentiment score on a scale of -100 (very negative) to 100 (very positive).

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Jain Irrigation: News alert analysis

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Jain Irrigation Systems, a leading manufacturer of irrigation systems, pipes & fittings and plastic sheets, witnessed a surge in share price on Wednesday (April 19) after the company announced acquisition of two US based micro-irrigation dealers. The company has agreed to acquire 80 percent stake in Agri-Valley Irrigation Inc (AVI) and Irrigation Design and Construction Inc (IDC) for $48.50 million.

“The merger will help Jain Irrigation to forward integrate itself in the value chain and build direct relationships with growers. This fits into company’s strategy to participate in end to end project solutions to harness company’s unique capabilities in integrated irrigation project solutions,” the company said.

Jain Irrigation witnessed a huge buying interest in the stock market following positive news update. The stock jumped 8.50 percent to settle at Rs. 107.90 on Wednesday. The volume of shares spiked 8.5 times over the past 30-days average.  

Heckyl news engine issued news alerts about aforesaid acquisition at 11:16 am on April 19 immediately after the company issued notification to the Bombay Stock Exchange (BSE). The news alert was issued ahead of major price action. At 11:16 am, the stock price was at Rs. 102.05. Read the rest of this entry »

Bhushan Steel: News Alert Analysis

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Bhushan Steel, one of the leading players in the Indian steel industry, jumped to a 52-week high on Monday after the media reports stated the company submitted final proposal for corporate debt restructuring programme.

According to media reports, Bhushan Steel submitted final proposal for debt restructuring under the Reserve Bank of India’s Scheme for Sustainable Structuring of Stressed Assets (S4A) scheme in the last month. S4A was unveiled by the central bank last year to make debt recasts easier.

Bhushan Steel has been in financial distress. The steel maker had Rs 44,477.90 crore debt on books at the end of fiscal year 2015-16.

On Monday, shares of Bhushan Steel rallied 13.46 percent to settle at Rs 68.30 on the NSE.

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