Friday, 17 August 2018

BEML | Maruti Suzuki | Bank of India | Tech Mahindra | NBCC | TCS | Kotak Mahindra Bank | RCom

BEML | Maruti Suzuki | Bank of India | Tech Mahindra | NBCC | AstraZeneca Pharma | Kotak Mahindra Bank are the stocks which are in news today.




BEML: The company flagged off the nation’s first 150T electric dump truck.
Maruti Suzuki: The company has hiked car prices by up to Rs 6,100 (ex-showroom Delhi) effective August 16.
Bank of India: The lender has put up 50 non performing accounts with Rs 5,557.73 crore outstanding for sale.
Tech Mahindra signs 4 year deal with US football team
NBCC gets Rs 250 crore order from SAIL to build super speciality hospital at Kerala
TCS: Company signs new agreement for digital transformation with Scotland based Improvement Service.
Jet Airways: Company to announce results on August 27, 2018.
AstraZeneca Pharma India gets DCGI nod to market cancer drug in India
Kotak Mahindra Bank to open over 100 branches in FY 19
GCPL expects 25-40% sales growth from newly launched products
Multi Commodity Exchange to explore setting up spot exchange with gold body.
Reliance Communications: Supreme Court holds return of Rs 2,000 crore bank guarantee to the company.
Lemontree Hotels: Company signed agreement for a 90-room property at Vijayawada.
Ion Exchange: Company signed EPC contract worth Rs 438.84 crore from Vedanta arm.
Cosmo Film: Company launched CPP metalised film for laminate structures.
Persistent Systems: Company partners with Three Phase Electric to develop IoT solutions.
Tree House Education: Enters into an agreement to sell fixed assets for Rs 26 crore.

Thursday, 16 August 2018

Kotak Mahindra Bank | ONGC | Fortis Health | Khadim | UPL | Hathway Cable | MMTC

Kotak Mahindra Bank, ONGC, UPL, Suven Life Sciences and DCB Bank, among others are the stocks which are in news today.


Here are the stocks which are in news today:
Kotak Mahindra Bank: RBI said bank's PNCPS issuance does not meet RBI's promoter holding dilution requirement. "We continue to believe that we have met the requirement and will engage with the RBI in this behalf," Kotak said.
Indiabulls Real Estate: Q1 consolidated net profit down 0.9 percent at Rs 117 crore versus Rs 118.50 crore; consolidated net revenue up 38.5 percent at Rs 810.9 crore versus Rs 585.6 percent crore (YoY).
Monnet Ispat: Q1 loss at Rs 389.7 crore versus loss of Rs 400 crore; revenue up 24.8 percent at Rs 433 crore versus Rs 347 crore (YoY).
Fortis Healthcare: Q1 net loss of Rs 52.8 crore versus profit of Rs 22.6 crore; revenue down 9.9 percent at Rs 1,042 crore versus Rs 1,156.6 crore (YoY).
Suven Life Sciences: Q1 net profit up 31.1 percent at Rs 38.8 crore versus Rs 29.6 crore; revenue up 36 percent at Rs 191.7 crore versus Rs 141 crore (YoY).
Hathway Cable: Q1 net loss at Rs 2.63 crore versus net profit at Rs 27.16 crore; revenue up 0.6 percent at Rs 129.8 crore versus Rs 129 crore (YoY).
MMTC: Q1 net profit down 45.3 percent at Rs 9.9 crore versus Rs 18.1 crore; revenue down 19.5 percent at Rs 5,088 crore versus Rs 6,320 crore (YoY).
Dilip Buildcon: Q1 net profit at Rs 255.5 crore versus Rs 122.2 crore; revenue up 46.4 percent at Rs 2,436.3 crore versus Rs 1,664.1 crore (YoY).
Patel Engineering: Q1 net profit at Rs 36.2 crore versus loss of Rs 4.7 crore; revenue down 0.2 percent at Rs 555.5 crore versus Rs 556.4 crore (YoY).
Cox & Kings: Q1 net profit down 34.8 percent at Rs 136.9 crore versus Rs 210.1 crore; revenue up 14.5 percent at Rs 2,183.9 crore versus Rs 1,908.1 crore (YoY).
DB Realty: Q1 net loss at Rs 4.67 crore versus Rs 15.58 crore (YoY); revenue at Rs 2.42 crore versus Rs 0.84 crore (YoY).
JBF Industries: Q1 loss at Rs 49.6 crore versus loss of Rs 12.7 crore; revenue down 9.4 percent at Rs 876.9 crore versus Rs 968 crore (YoY).
IVRCL: Q1 loss at Rs 344.4 crore versus loss of Rs 242.9 crore; revenue down 60.8 percent at Rs 203.1 crore versus Rs 518.1 crore (YoY).
MTNL: Q1 loss at Rs 943.4 crore versus loss of Rs 703.2 crore; revenue down 25.1 percent at Rs 492.3 crore versus Rs 657.2 crore (YoY).
Prime Focus: Q1 loss at Rs 8.5 crore versus profit of Rs 3 crore; revenue up 18.6 percent at Rs 608.9 crore versus Rs 513.5 crore (YoY).
Mayur Uniquoters: Q1 net profit down 0.4 percent at Rs 25.6 crore versus Rs 25.7 crore; revenue up 0.2 percent at Rs 141.9 crore versus Rs 140.9 crore (YoY).
Mangalam Drugs: Q1 net profit down 83.1 percent at Rs 0.7 crore versus Rs 4.1 crore; revenue up 7.1 percent at Rs 59 crore versus Rs 55.1 crore (YoY).
RPP Infra Projects: Q1 profit falls to Rs 6.41 crore versus Rs 7.77 crore; revenue dips to Rs 100.35 crore versus Rs 112.48 crore (YoY).
Bharat Road Network: Q1 profit surges to Rs 7.3 crore versus Rs 0.5 crore; total income jumps to Rs 19.2 crore versus Rs 3.8 crore (YoY).
Hanung Toys & Textiles: Q1 loss at Rs 11.4 crore versus loss Rs 13 crore; revenue falls to Rs 1.4 crore versus Rs 1.53 crore (YoY).
Vascon Engineers: Q1 profit rises to Rs 1.49 crore versus Rs 1.48 crore; revenue increases to Rs 93.88 crore versus Rs 81.38 crore (YoY).
Voltamp Transformers: Q1 profit rises to Rs 15.04 crore versus Rs 14.5 crore; revenue increases to Rs 165.86 crore versus Rs 130.44 crore (YoY).
Kohinoor Foods: Q1 loss at Rs 32.01 crore versus profit Rs 3.42 crore; revenue falls sharply to Rs 24.66 crore versus Rs 268.84 crore (YoY).
Aster DM Healthcare: Q1 profit at Rs 20.35 crore versus loss of Rs 80 crore; revenue increases to Rs 1,774.65 crore versus Rs 1,556.44 crore (YoY).
Panacea Biotec: Q1 loss at Rs 36.83 crore versus loss Rs 47.99 crore; revenue falls to Rs 95.11 crore versus Rs 104.27 crore (YoY).
Asian Oilfield Services: Q1 profit slips to Rs 3.17 crore versus Rs 10.96 crore; revenue rises to Rs 63.15 crore versus Rs 51.3 crore (YoY).
Punj Lloyd: Q1 loss at Rs 215.64 crore versus loss Rs 194.32 crore; revenue rises to Rs 1,029.3 crore versus Rs 977.34 crore (YoY).
Khadim India: Q1 profit at Rs 7.4 crore versus Rs 7.44 crore; revenue rises to Rs 189.63 crore versus Rs 174.5 crore (YoY).
Zicom Electronic Security Systems: Q1 loss at Rs 121.44 crore versus loss Rs 52.81 crore; revenue falls sharply to Rs 37.62 crore versus Rs 89.2 crore (YoY).
Aarey Drugs: Q1 profit rises to Rs 2.1 crore versus Rs 1.91 crore; revenue falls to Rs 67.35 crore versus Rs 73.77 crore (YoY).
JHS Svendgaard Laboratories: Q1 loss at Rs 0.54 crore versus profit at Rs 19 crore; revenue dips to Rs 20.03 crore versus Rs 27.4 crore (YoY).
Ahluwalia Contracts: Q1 profit declines to Rs 28.2 crore versus Rs 29.5 crore; revenue drops to Rs 403.88 crore versus Rs 504.2 crore (YoY).
Gayatri Projects: Q1 profit rises to Rs 50.36 crore versus Rs 45.11 crore; revenue jumps to Rs 822.80 crore versus Rs 652.04 crore (YoY).
Brigade Enterprises: Q1 profit surges to Rs 63.08 crore versus Rs 31.44 crore; revenue rises to Rs 699.11 crore versus Rs 555 crore (YoY).
MBL Infrastructure: Q1 consolidated profit rises to Rs 0.86 crore versus Rs 0.47 crore; revenue falls to Rs 53.05 crore versus Rs 152.63 crore (YoY).
Fortis Healthcare: Company gets shareholders’ nod for the issuance of shares on a preferential allotment and for classification of Northern TK Venture as a promoter. Shareholders also approved IHH's proposal to buy the company.
Vijaya Bank: G Narayanan, non-executive chairman of bank retired on August 13.
ONGC: Aviation Ministry said ONGC gives unconditional, irrevocable commitment to sell its 49 percent stake in Pawan Hans - CNBC-TV18.
UCO Bank: The bank entered into an inter-creditor agreement for resolution of stressed assets.
DCB Bank: The bank to hike the marginal cost of funds based lending rate (MCLR) by 5-35 bps effective August 16
UPL: Company subscribed to 10,533 equity shares in Weather Risk Management Services Private Limited (WRMS) constituting 5.01 percent (on a fully diluted basis) in the paid-up share capital of WRMS. Consequent to the above, UPL's total shareholding in WRMS will increase from 26 percent to 31.01 percent.

Tuesday, 14 August 2018

Correction phases are healthy say experts M&M, Yes Bank among top 22 bets over one year

Angel remains overweight on discretionary consumption theme with stocks like Safari Industries, Bata, Blue Star and Parag Milk Foods.

After subdued performance till June, the rally in the market started in July and is continuing in August. This helped the benchmark indices cross new milestones (38,000 on the Sensex and nearly 11,500 on the Nifty), driven by stable to better-than-expected earnings growth in the June quarter; though it corrected in the past two consecutive sessions on global concerns.
"We feel any decline due to external factors would be short-lived and traders should continue with "buy on dips" approach. In fact, it's healthy to have such corrective phase as it eliminates weak hands," Jayant Manglik, President, Religare Broking told Moneycontrol.
He suggests keeping a close eye on global developments along with prevailing earnings season for cues.
Angel Broking said it continues to believe that the market may be in wait-and-watch mode till general elections 2019, but this period could also offer opportunities to cherry pick some quality equity investment.
The research house recommends 22 top picks as good bets to utilise this opportunity which are offering healthy returns in the next 1 year. "All of these top picks are backed by sound business model and are likely to do well in the coming years."
Angel remains overweight on discretionary consumption theme with stocks like Safari Industries, Bata, Blue Star and Parag Milk Foods.

Here is the list of 22 stocks from Angel Broking which could return up to 58% over a period of one year:
We expect the company’s loan growth to remain 29 per cent over the next two years and earnings growth is likely to be more than 29 per cent.
We maintain "buy" on the stock with a target price of Rs 720.
Safari Industries
Safari Industries is the third largest branded player in the Indian luggage industry. Post the management change in 2012, Safari has grown its revenue by 6x in the last 7 years.
We expect its revenue to grow by a CAGR of around 25/40 per cent in revenue/earnings over FY2018-20E on the back of growth in its recently introduced new products.
Mahindra & Mahindra
We expect Mahindra & Mahindra to report net revenue CAGR of around 13 percent to around Rs 62,235 crore over FY2018-20E mainly due to healthy growth in automobile segments like utility vehicles (on the back of new launches and facelift of some models) and strong growth in Tractors segment driven by strong brand recall and improvement in rural sentiment.
Further on the bottom line front, we expect CAGR of around 18 per cent to Rs 5,600 crore over the same period on the back of margin improvement. Thus, we recommend an Accumulate rating on the stock with a target price of Rs 1,050.
Blue Star
BSL is one of the largest air-conditioning companies in India. With a mere 3 percent penetration level of ACs versus 25 percent in China, the overall outlook for the room air-conditioner (RAC) market in India is favourable.
Aided by increasing contribution from the unitary products, we expect the overall topline to post revenue CAGR of around 13 percent over FY2018-20E and margins to improve from 5.8 percent in FY2018 to 6.2 percent in FY2020E.
We recommend a Buy rating on the stock.
Siyaram Silk Mills
Going forward, we expect SSML to report a net sales CAGR of around 14 percent to around Rs 2,272 crore and adjusted net profit CAGR of around 14 percent to Rs 150 crore over FY2018-20E on back of market leadership in blended fabrics, strong brand building, wide distribution channel, strong presence in tier II and tier III cities and emphasis on latest designs and affordable pricing points.
At the current market price, SSML trades at an inexpensive valuation. We have a buy recommendation on the stock and target price of Rs 851.
Maruti Suzuki
The automobile sector is expected to benefit from the GST implementation.
Due to the favourable business mix, a company has also been seeing improvement in the margins. The company has already moved from around 11-12 per cent together with higher operating leverage at Gujarat plant, increasing Nexa outlets, and improving business mix, we believe that company has further room to improve its margins.
We have a Buy rating on the stock.
HDFC Bank
We expect the company’s loan growth to remain 22 percent over next two years and earnings growth is likely to be more than 21 percent. We maintain Accumulate on the stock with a target price of Rs 2,350.
Music Broadcast
Capex for 39 licenses have been done for the next 15 years, hence no heavy incremental Capex requirement would emerge.
Moreover, the maintenance capex would be as low as Rs 5-10 crore. This would leave sufficient cash flow to distribute as dividend.
We have a Buy recommendation on the stock and target price of Rs 475.
KEI Industries
KEI’s export (FY18 – 16 percent of revenue) is expected to reach a level 20 percent in next two years with higher order execution from current OB and participation in various international tenders.
We expect a strong around 25 percent growth CAGR over FY2018-20 in exports. We expect KEI to report net revenue CAGR of around 16 percent to around Rs 4,646 crore and net profit CAGR of around 19 percent to Rs 207 crore over FY2018-20E. Hence we have a Buy rating on the stock.
GIC Housing Finance
GICHF has healthy capital adequacy, and is seeing an increase in demand for home loans.
We expect the GICHF's loan growth to grow at a CAGR of 23 percent over next two years and RoA/RoE to improve from 1.8/20.3 percent in FY18 to 1.9/23 percent in FY20E. We have a Buy rating on the stock.
Yes Bank
YES Bank currently trades at 2.4x times FY20E Book Value, which we believe is reasonable for a bank with high-growth traction, improving CASA and prospect of improving NIM.
Matrimony.com
We expect MCL to report net revenue CAGR of around 15 percent to around Rs 450 crore over FY2018-20E mainly due to strong growth in online matchmaking and marriage related services coupled by its strong brand recall and large user database.
On the bottomline front, we expect CAGR of around 15 percent to Rs 83 crore over the same period on the back of margin improvement.
RBL Bank
RBL Bank has grown its loan book at healthy CAGR of 56 percent over FY10-18. We expect it to grow at 30 percent over FY18-20E.
The bank currently trades at 2.9x its FY2020E price to book value, which we believe is reasonable for a bank in a high growth phase with stable asset quality.
Parag Milk Foods
Parag Milk Foods is one of the leading dairy products companies in India. The company has been successful in creating strong brands like GO, Gowardhan and in introducing new products like Whey Protein. It has become the 2nd player in processed cheese (after Amul) in a short span of 10 years and commands 33 percent market share.
We expect Parag to report net revenue/PAT CAGR of 18/36 percent respectively over FY2018-20E.
ICICI Bank
The gradual improvement in recovery of bad loans would reduce credit costs that would help to improve return ratio.
The strength of the liability franchise, shift in loan mix towards retail assets and better rated companies, and improvement in bad loans would be a key trigger for multiple expansion. We recommend a Buy rating on the stock, with a price target of Rs 416.
Aditya Birla Capital
We expect financialisation of savings, increasing penetration in Insurance & Mutual funds would ensure steady growth.
Further, Banca tie-up with HDFC Bank, DBS and LVB should restore insurance business. We recommend a Buy rating on the stock, with a price target of Rs 218.
Aurobindo Pharmaceuticals
We expect Aurobindo to report net revenue CAGR of around 13 percent & net profit to grow at around 5 percent CAGR during FY2018-20E, due to increased R&D expenditure.
However, valuations of the company are cheap versus its peers and own fair multiples of 17-18x. We recommend Buy rating.
GMM Pfaudler
GMM Pfaudler is the Indian market leader in glass-lined (GL) steel equipment used in corrosive chemical processes of agrochemicals, specialty chemical and pharma sector.
GMM is likely to maintain over 20 percent growth trajectory over FY18-20 backed by capacity expansion and cross selling of non-GL products to its clients.
Jindal Steel & Power
Owing to continuous demand of steel from infrastructure, housing and auto sectors along with limited addition of steel capacity in near term and favorable government policies augur well for JSPL to perform well going forward, we expect JSPL’s utilisation to improve to 80-85 percent by FY19.
JSPL is trading at attractive valuation to its peer, we value the stock based on asset based approach of Steel segment on EV/Tonne basis and Power segment on EV/MW basis.
Shriram Transport Finance
SHTF's primary focus is on financing pre-owned commercial vehicles. CV/LCV sales grew by 20/25 percent in FY18, respectively.
We expect AUM to grow at healthy CAGR of 20 percent over FY2018-20E led by pick up in infra/ construction before 2019 elections, macro revival and Ramping up in rural distribution.
We expect loan book/PAT CAGR of 20/45 percent respectively over FY2018-20E. At 2.2x FY20E ABV, valuation appears reasonable.
Bata India
We expect Bata to report net revenue CAGR of around 16 percent to around Rs 3,555 crore over FY2018-20E mainly due increasing brand consciousness amongst Indian consumers, new product launches and focus on women's segment (high growth segment).
Further, on the bottom-line front, we expect CAGR of around 19 percent to Rs 323 crore over the same period on the back of margin improvement (increasing premium product sales).
Thus, we initiate coverage on Bata India with Accumulate recommendation and target price of Rs 1,007.
Amber Enterprises
Amber Enterprises India is the market leader in the room air conditioners (RAC) outsourced manufacturing space in India.
We expect Amber to report consolidated revenue/PAT CAGR of 28/51 percent respectively over FY2018-20E.
Its growing manufacturing capabilities and scale put it in a sweet spot to capture the underpenetrated RAC market in India.
Source - https://www.moneycontrol.com

Monday, 13 August 2018

These 10 moneymaking ideas by experts could return 5-14% in 1-2 months

If the Nifty stays below the key support zone of 11,379–11,359, then experts see this profit-booking getting extended towards 11,300-11,235 levels



Last week was historic for the equity market as the Sensex touched 38,000 for the first time. The Nifty inched closer towards 11,500 levels. Despite weak global cues and fears of an escalation in trade wars, the market managed to surmount all worries to hit fresh record highs.
The small and midcaps space saw strong recovery, but analysts feel investors should tread with caution as benchmark indices are trading at record highs.
Macroeconomic data, trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs), movement of the rupee against the dollar and crude oil prices will dictate the market trend this week.
The Indian stock market will remain shut on Wednesday, August 15, on account of Independence Day.
If the Nifty stays below the key support zone of 11,379–11,359, then experts see this profit-booking getting extended towards 11,300-11,235 levels.
“There is a high likelihood that we may see the profit-booking getting extended towards 11,300–11,235. If this happens, it would be a healthy sign and should be construed as a buying opportunity,” Sameet Chavan, Chief Analyst-Technical and Derivatives, Angel Broking, said.
“On the upside, the immediate resistance for the Nifty remains at 11,500-11,520. We will not be surprised to see this hurdle getting crossed and the index continuing its northward journey,” he said.
Chavan feels the first half of the week would be quite crucial and one should keep a close eye on how markets behave around its key levels. The ideal strategy to him would be to have a stock-centric approach and follow a proper exit strategy.
Here is a list of top 10 moneymaking ideas by experts that could return 5-14 percent in next one month:
Analyst: Sameet Chavan, chief analyst-technical and derivatives, Angel Broking
Kansai Nerolac Ltd: Buy| Target: Rs 600| LTP: 524.60| Stop Loss: Rs 482| Return 14%
Some of the ‘Paint’ stocks were bucking the trend on Friday and this counter has kept the momentum going for the fourth successive session.
This move was accompanied by more than twice of its average daily volumes; indicating the emergence of a strong buying in the stock.
The weekly chart now looks extremely encouraging and considering the fact that ‘RSI-Smoothened’ crossed the threshold of 70 in the upward direction (on the daily chart), we expect a continuation of this optimism. Hence, we recommend buying for an upside target of Rs.600 and stop loss at Rs.482.
Tata Steel Ltd: Buy| LTP: Rs 576.70| Target: Rs 610| Stop Loss: Rs 553| Return 6%
‘Metal’ stocks too participated well during the week and ‘Tata Steel’ was one of the outperforming stocks within this space in the last couple of weeks. Last week, the stock prices confirmed a bullish breakout decisively from the recent strong hurdle of 565.
This was followed by some extension of the move, but we did see some profit booking at higher levels towards the fag end of the week.
Looking at the weekly chart, we expect the stock to surpass the 600 mark quite soon. One can look to go long for a positional target of Rs.610 in coming weeks. The stop loss needs to be fixed at Rs.553.
Analyst: Rajesh Palviya, Head – Technical & Derivatives Analyst, Axis Securities Ltd.
M&M Ltd: Buy| LTP: Rs 945.90| Target: Rs 985-994| Stop Loss: Rs 919| Return 4-6%
On the weekly chart, the stock has decisively broken out of its 9-weeks consolidation range of Rs 875-940 levels which indicates bullish momentum in the stock.
This breakout is accompanied with rising volumes which supports bullish sentiments ahead. The weekly strength indicator RSI and the momentum indicator Stochastic both have given a positive crossover which supports the bullish sentiments in short to medium-term.
The stock is well placed above its 20, 50 and 100 day-SMA which supports bullish sentiments ahead.
Sobha Ltd: Buy| LTP: Rs 528.05| Target: Rs 553-560| Stop Loss: Rs 498| Return 5-7%
With current week's strong gains, the stock has decisively broken out of its downward sloping channel at Rs 490 levels on closing basis. This breakout is accompanied with rising volumes which supports bullish sentiments ahead.
The daily and weekly strength indicator RSI and the momentum indicator Stochastic both are in a positive terrain which supports the upside momentum to continue in the near-term.
The stock is well placed above its 20, 50 and 100 day SMA which supports bullish sentiments ahead. The buying range is Rs 530-520.
Aarti Industries Ltd: Buy| LTP: Rs 1,392.75| Target: Rs 1,423-1,440| Stop Loss: Rs 1,329| Return
The stock price has formed a rounding bottom pattern and has decisively given a breakout above Rs 1360 levels. This breakout is confirmed with high volumes which indicate strength ahead.
The weekly strength indicator RSI and the momentum indicator Stochastic both are in positive terrain which supports upside momentum to continue in the near term.
The stock is well placed above its 20, 50 and 100-day SMA which supports bullish sentiments ahead. The buying range is Rs 1,370-1,350.
Analyst: Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory
Mahindra & Mahindra: Buy| Target: Rs 1,020| Stop Loss: Rs 927| Return 8%
With new lifetime highs of 953 in last Friday’s session, this counter appears to be on the verge of a fresh breakout from its contracting structure in which it was moving since May 2018 after registering highs of 933.
Hence, momentum shall pick up the pace once it registers a sustainable close above 950 levels. In such a scenario we can project a target of Rs 1,020. Hence, positional traders are advised to buy into this counter for the said targets with a stop below 927 on a closing basis.
Bharat Petroleum: Buy| Target: Rs 429| Stop Loss: Rs 380| Return 7%
For the last couple of sessions, this counter appears to be moving in a range of 404 – 384 levels and looks ripe for a breakout from this range. Hence, positional traders in anticipation of such a breakout shall go long for a target of 429 and a stop of 380.
Asian Paints: Buy| Target: Rs 1,490| Stop Loss: Rs 1,390| Return 5%
After the recent correction from the highs of Rs 1,490, this counter appears to have posted bottom around recent lows of Rs 1,394.
As price patterns are slowly shaping up in a positive fashion one can buy into this counter for a test of lifetime highs placed around Rs 1,490. A stop suggested for this trade is 1,390.
Brokerage: Karvy Stock Broking Ltd
Bajaj Finserv: Buy| LTP: Rs 7091| Target: Rs 7450| Stop Loss: Rs 6850| Return 5%
Bajaj Finserv is in a strong uptrend making higher highs and higher lows on the daily and weekly charts. The stock has outperformed NiftyFINSE last week and generated 2.33 percent. Whereas, Niftyfinse has closed the week with a positive return of 1.17 percent.
The stock has seen in the range of Rs 7,100- 6,855 levels at all-time high levels. Thereafter, the stock has given a breakout of said levels with supportive volume formation on daily charts.
The bounce in the stock has seen a supportive volume formation, which reflects strength in the up move. On technical setup, the 14-period RSI is pointing northwards and sustaining well above the signal line which indicates strength in the counter.
The parabolic SAR is trading well below the price on weekly charts which indicates an upmove in the stock will remain intact. Hence, we recommend smart trader to go long in the stock for the target of Rs 7,450 levels with a stop loss placed below Rs 6850 levels for the week.
Jubilant FoodWorks Ltd: Buy| LTP: Rs 1519| Target: 1600| Stop Loss: Rs 1459| Return 5.3%
Jubilant FoodWorks managed to close with gains of 4.90 percent, whereas Nifty FMCG index closed with a marginal loss of 0.07% on a weekly closing basis, exhibiting outperformance of the stock in comparison to the Nifty FMCG.
The stock price is finding support near 1382 levels, where it found support from its major 20-daily EMA and resumed its uptrend. On price charts, the stock in a strong uptrend since May'17.
The daily 14 period RSI is trading above its 9 periods EMA line, indicating a positive momentum on the counter, exhibiting underlying strength in the counter and prices are likely to move higher in the near-future.
Hence, we recommend Smart Traders to initiate Long position near Rs 1,519 levels for the target of Rs 1600, keeping a stop loss below Rs 1,459 levels.

Saturday, 11 August 2018

More than 40 smallcaps rose 10-40% in a week, but experts are still cautious

If you look at a 3-6 months period, stocks will still look at prices way lower than earlier, said Pritam Deuskar, Fund Manager, Bonanza Portfolio.



Another historic week for Indian markets, but stock-specific action grabbed the limelight. The S&P BSE Sensex climbed mount 38K to hit a fresh record high of 38,076.23 while the Nifty50 came under the striking distance of 11,500 and hit a life-time high of 11,495.20.
Traders preferred to book profits ahead of the holiday-shortened week but the S&P BSE Sensex closed with gains of 0.8 percent, while Nifty50 ended 0.6 percent higher for the week ended August 10. There was a lot of stock-specific action in the small & midcaps, which kept traders busy.
Even though the S&P BSE Small-cap index closed flat with slight negative bias but as many as 46 stocks gave 10-40 percent returns in a week which include names like MBL Infra (up 38%), Ok Play India (up 34%), Vinati Organics (up 27%), Reliance Naval (up 27%), and Kwality (up 27%), among others.
Most of these smallcaps were beaten down in the first six months of 2018 and it seems momentum might be returning, but analysts still advise investors to maintain a cautious approach while putting fresh money into smallcaps.
“Most of small and mid-cap stocks were beaten down by a large quantum. That’s why price move in short time has given such returns. But, if you look at 3-6 months period, stocks will still look at prices way lower than earlier,” Pritam Deuskar, Fund Manager, Bonanza Portfolio told Moneycontrol.
“We feel people will get a decent chance in price recovery but froth and momentum stocks may not recover earlier levels. One can wait for the index correction of 3-4%. If mid or smallcaps do not correct by large quantum, one can buy with staggered manner. Large midcaps are preferred choice and do not overpay the price,” he said.

In the S&P BSE 500 index, as many as 12 stocks have given 10-30 percent return which include names like Vinati Organics (up 27%), Reliance Naval (up 27%), Kwality (up 27.39%), Reliance Communications (up 24%), Indiabulls Ventures (up 14%), VST Industries (up 11.5%), and Welspun India (up 10%).



Indian market gained momentum despite escalating tensions between the US and China and as trade war fears escalate to other countries as well.
President Donald Trump said on Friday he is green-lighting a doubling of steel and aluminum tariffs on Turkey and warned that relations between the US and Turkey "are not good at this time" which resulted in 18 percent drop in the Turkish Lira at one point, the biggest one-day fall since 2001 financial crisis.
Apart from global cues, investors would also watch out for key macro data (WPI & CPI) as well as corporate earnings which are scheduled next week.
“With headline index trading at record highs, some consolidation cannot be ruled out. We expect stock-specific volatility to continue with more corporate earnings scheduled in the next 1-2 weeks,” Jayant Manglik, President, Religare Broking Ltd told Moneycontrol.
“Further, market participants would keep an eye on global developments, especially the US-China trade war, progress of monsoon, currency and crude oil price movement,” he said.
Analysts see some consolidation in this week which could take the index towards its key support levels of 11,410 while on the upside, resistance is placed at 11,495-11,640 levels.
On the technical front, the index, on Thursday, faced resistance near 11,500 mark and the selling pressure continued on Friday as well. Consequently, the Nifty is falling towards the junction of 40-hour exponential moving average & hourly lower Bollinger Band, where a rising trendline is also nearby.
“11,410-11400 shall be the immediate support zone to watch out for. Though the overall trend continues to be positive, the index can get into a consolidation mode before stretching higher,” Gaurav Ratnaparkhi, Senior Technical Analyst, Sharekhan by BNP Paribas told Moneycontrol.
“The setup looks apt to take the profit off the table & be on the sideline. One can wait for a fresh opportunity to emerge to take a fresh entry on the long side for a target of 11,640,” he said.

Friday, 10 August 2018

SBI | Eicher Motors | Vedanta | IDBI Bank | Adani Green | Jet Airways


Stocks in the news: SBI, Eicher Motors, Vedanta, Manappuram Finance


 SBI, Hindalco, GAIL, Bosch, DLF, Sun TV Network, United Breweries, NHPC, Indraprastha Gas, Glenmark Pharma, Apollo Hospital, Union Bank of India, NCC, Alkem Laboratories, Dr Lal PathLabs, KNR Construction, Andhra Bank, CG Power, PC jeweller, Voltas, Endurance Technologies, Indian Hotels, Sheela Foam, Vakrangee, Timken India, Lux Industries, Great Eastern Shipping, Elgi Equipment, Indostar Capital Finance, Rupa & Company, Talwalkars Lifestyles, TVS Electronics, Gujarat Mineral Development Corporation, UCO Bank, Kirloskar Oil, Take Solutions, Dhanuka Agritech, Allcargo Logistics, Techno Electric, Puravankara, West Coast Paper, JB Chemicals, Max India, TNPL, Uflex, GOCL Corporation, Surya Roshni, KIRI Industries, Matrimony.com, Fairchem Speciality, Shriram EPC, Prabhat Dairy, Technocraft Industries (India), Wim Plast, BF Utilities, Jindal Poly Films, Balaji Telefilms, Rattanindia Power, Hester Biosciences, GTPL Hathway, Dynamatic Technologies, Titagarh Wagons, Gujarat Spirits, Mishra Dhatu, Mukta Arts, Sayaji Industries.
GMR Infra board to consider raising up to Rs 2,950 cr
Jet Airways defers Q1 result announcement
Eicher Motors: Q1 profit rises 25.4 percent to Rs 576.2 crore versus Rs 459.6 crore; revenue increases 27.4 percent to Rs 2,547.8 crore versus Rs 2,000.6 crore (YoY).
Aurobindo Pharma: Q1 profit falls 12.1 percent to Rs 455.6 crore versus Rs 518.3 crore; revenue jumps 15.5 percent to Rs 4,250 crore versus Rs 3,678.7 crore (YoY).
Jindal Steel & Power: Q1 profit at Rs 180.8 crore versus loss of Rs 387.1 crore; revenue surges 70.5 percent to Rs 9,665.4 crore versus Rs 5,668.2 crore (YoY).
3M India: Q1 profit spikes 50.7 percent to Rs 99.1 crore versus Rs 66.1 crore; revenue increases 5.5 percent to Rs 700.7 crore versus Rs 664.4 crore (YoY).
Future Retail: Q1 profit rises 3.4 percent to Rs 153.1 crore versus Rs 148 crore; revenue falls 3.5 percent to Rs 4,538.7 crore versus Rs 4,705 crore (YoY).
Liberty Shoes: Q1 profit doubles to Rs 2.3 crore versus Rs 1.1 crore; revenue rises 13.4 percent to Rs 146.2 crore versus Rs 128.9 crore (YoY).
Himatsingka Seide: Q1 profit drops to Rs 44.6 crore versus Rs 50.6 crore; revenue rises 13.9 percent to Rs 582.6 crore versus Rs 511.5 crore (YoY).
AIA Engineering: Q1 profit jumps 45.9 percent to Rs 105.5 crore versus Rs 72.3 crore; revenue surges 44 percent to Rs 683.5 crore versus Rs 474.6 crore (YoY).
SH Kelkar: Q1 profit declines 8.7 percent to Rs 17.9 crore versus Rs 19.7 crore; revenue slips 16.6 percent to Rs 236 crore versus Rs 283 crore (YoY).
Hindustan Copper: Q1 profit rises sharply to Rs 35.3 crore versus Rs 10.3 crore; revenue increases 9.2 percent to Rs 421.6 crore versus Rs 386 crore (YoY).
Deccan Cements: Q1 profit slips 0.4 percent to Rs 113.4 crore versus Rs 113.9 crore; revenue rises 19.2 percent to Rs 161.7 crore versus Rs 135.6 crore (YoY).
Capacite Infraprojects: Q1 profit jumps to Rs 22.72 crore versus Rs 16.08 crore; revenue spikes to Rs 397.46 crore versus Rs 266 crore (YoY).
Eris Lifesciences: Q1 profit rises to Rs 71.6 crore versus Rs 70.84 crore; revenue increases to Rs 250.76 crore versus Rs 185.2 crore (YoY).
Peninsula Land: Q1 loss at Rs 190 crore versus loss of Rs 28.17 crore; revenue falls to Rs 11.01 crore versus Rs 21.69 crore (YoY).
Gujarat Narmada Valley Fertilizers & Chemicals: Q1 profit spikes to Rs 185.52 crore versus Rs 66.55 crore; revenue surges to Rs 1,604.8 crore versus Rs 975.3 crore (YoY).
IDBI Bank has sold 12,50,000 equity shares constituting 2.5% of the paid up capital of Clearing Corporation of India
HSIL: Q1 profit drops to Rs 2.10 crore versus Rs 11.76 crore; revenue increases to Rs 542.41 crore versus Rs 478.33 crore (YoY).
Mahindra Holidays & Resorts: Q1 profit slips to Rs 13.73 crore versus Rs 32.34 crore; revenue declines to Rs 234.54 crore versus Rs 267.08 crore (YoY).
Sangam India: Q1 profit jumps to Rs 4.18 crore versus Rs 1.22 crore; revenue rises to Rs 473.5 crore versus Rs 421.01 crore (YoY).
Ansal Housing: Q1 loss of Rs 2.7 crore versus loss at Rs 2.15 crore; revenue falls to Rs 36.75 crore versus Rs 54.4 crore (YoY).
Healthcare Global Enterprises: Q1 loss at Rs 6.33 crore versus profit at Rs 6.08 crore; revenue jumps to Rs 226.56 crore versus Rs 191.10 crore (YoY).
Indian Energy Exchange: Q1 profit jumps to Rs 41.89 crore versus Rs 31.38 crore; revenue increases to Rs 66.96 crore versus Rs 54.69 crore (YoY).
Patel Integrated Logistics: Q1 profit falls to Rs 1.81 crore versus Rs 2.02 crore; revenue rises to Rs 113.3 crore versus Rs 106.4 crore (YoY).
Mcleod Russel: Q1 profit at Rs 1.51 crore versus loss of Rs 1.66 crore; revenue rises to Rs 223 crore versus Rs 193.4 crore (YoY).
Coffee Day Enterprises: Q1 profit declines to Rs 21 crore versus Rs 26.3 crore; revenue rises to Rs 979.1 crore versus Rs 814.3 crore (YoY).
63 Moons Technologies: Q1 profit at Rs 35 crore versus loss of Rs 17.2 crore; revenue jumps 36 percent to Rs 41.9 crore versus Rs 30.8 crore (QoQ).
Godrej Agrovet: Q1 consolidated profit rises to Rs 80.97 crore versus Rs 79.07 crore; revenue increases to Rs 1,484.36 crore versus Rs 1,344.14 crore (YoY).
Tata Communications: Q1 net loss at Rs 58 crore versus loss of Rs 120.5 crore; revenue falls 2.8 percent to Rs 3,912.3 crore versus Rs 4,008.6 crore (QoQ).
Zensar Technologies: Q1 profit increases 13.4 percent to Rs 83.9 crore versus Rs 74 crore; revenue rises 11 percent to Rs 904.7 crore versus Rs 814.7 crore (YoY).
United Bank Of India: Q1 loss at Rs 388.7 crore versus loss of Rs 211.5 crore; NII doubles to Rs 545.3 crore versus Rs 255.2 crore (YoY)
Adani Enterprises' wholly owned subsidiary Adani Agri Logistics has incorporated WOS namely Adani Agri Logistics (Dhamora) and Adani Agri Logistics (Borivali)
State Bank of India: SBI gets the approval of Executive Committee Of Central Board to explore & initiate divestment up to 4 percent of the stake of SBI in SBI General Insurance.
Vedanta, ONGC: Oil Minister Dharmendra Pradhan said Vedanta wins 41 blocks under OALP-1, 2 blocks won by ONGC: CNBC-TV18.
Adani Green has acquired 100% equity share capital of Adani Renewable Energy Park from Adani Tradecom LLP and Adani Trading Services LLP
Indian Energy Exchange: Company recommended sub-division of one equity share of face value of Rs 10 each into one equity share of Re 1 each fully paid up.
Manappuram Finance: Board approved the proposal of fundraising up to Rs 3,000 crore through public issue of non-convertible debentures (NCDs) in multiple tranches during FY18-19.
Deepak Fertilizers to raise Rs 800 crore to fund expansion plans
Bhushan Steel: SFIO arrests Neeraj Singhal, promoter and vice-chairman of the company.
Tejas Network - Credit rating from ICRA reaffirming the long-term rating for the line of credit at [ICRA] A and the short-term rating at [ICRA] A1.

BEML | Maruti Suzuki | Bank of India | Tech Mahindra | NBCC | TCS | Kotak Mahindra Bank | RCom

BEML | Maruti Suzuki | Bank of India | Tech Mahindra | NBCC | AstraZeneca Pharma | Kotak Mahindra Bank are the stocks which are in news to...