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Showing posts from March, 2019

FY20 stars: 10 stocks that offer strong fundamentals with reasonable valuations

FY20 stars: 10 stocks that offer strong fundamentals with reasonable valuations, To factor in the impact of a possible slowdown in the global economy, analysts advise investors to reduce exposure to exports-driven sectors and global commodities A strong close to FY19 suggests that Indian market is on track to hit fresh record high. Benchmark indices are just a little over 1 percent away from surpassing their previous record highs. Bulls retained their charge on Dalal Street for third consecutive financial year with the Nifty 50 rallying about 15 percent and BSE Sensex gaining over 17 percent in FY19. In FY19, BSE Sensex & Nifty50 posted biggest ever gains in absolute terms since FY10. The Nifty 50 rallied 1,510 points and Sensex 5,704 points in FY19, the second highest ever in a fiscal. Nifty Bank posted biggest ever gains in absolute terms during the year, rising 6,163 points. The next 12 months promise to be equally exciting as we head towards general elections, and on

Stock In News 01-04-2019

Stocks in the News: Maruti Suzuki, Tata Motors, Cipla, Indoco Remedies, Welspun Corp, Embassy Office, IOL Chemicals | Inox Leisure | Titan Company | GAIL | BHEL | Cyient and SRF are stocks which are in the news today. Here are stocks that are in the news today: Listing :  Embassy Office Parks REIT (IPO) Auto sales :  Maruti Suzuki, Ashok Leyland , Escorts, Eicher Motors, etc in focus. Dr Reddy's Labs : German drug regulator cleared Duvvada formulations unit. Welspun Corp : Company announced value unlocking of approximately Rs 940 crore through the divestment of its plate and coil mill division (PCMD) and its 43 MW power division. Cipla : USFDA issued 8 GMP observations and 10 observations pertaining to the PAI for a novel technology product slated for approval beyond 2024 while inspecting Kurkumbh plant. Shriram Transport  board meeting on April 30, to consider raising of funds Vikas WSP : Company received sanction for 80 percent principle outstanding amount of

Technical picks- Top 15 stocks that experts are betting on for 14-70% returns in FY20

Technical picks: 15 stocks that experts are betting on for 14-70% returns in FY20, If the momentum continues, the index is all set to climb Mount 12K and hit a target around 12,400-12,700 in the next 12 months, according to experts. Nifty50 has rallied about 13 percent so far in FY19 and if experts are to be believed, it is on track to hit fresh record highs in FY20. The optimism in market lately has been on the back of hopes of a stable government post elections, strong buying by foreign investors, rate cut by Reserve Bank of India and stability in rupee-dollar pair. Historically, we have seen a decent rally in the market before and after the general elections. This year also, Nifty has formed a new base in the 10,600 – 11,000 zone and has been witnessing pre-election rally in the last few weeks. If the momentum in market continues, Nifty could touch 12,000 and hit a target around 12,400-12,700 in the next 12 months, according to experts. “If we go by the principle of ‘

Ideas for Profit- What makes this smallcap a good value buy?

Ideas for Profit | What makes this smallcap a good value buy? Highlights:- - Contribution of branded products to revenue is increasing - Capex intensity is likely to moderate from H2 FY20 - Utilisation rates and product mix will determine margins - Overdependence on US markets remains a key risk - The stock trades at reasonable valuations Himatsingka Seide  (HSL) , one of India’s largest home textile majors and exporters, draws our attention on account of improving business fundamentals. Conclusion of capex cycle by H1 FY20, higher contribution from branded products, an uptick in utilisation rates and undemanding valuations make us bullish on the stock. Q3 review Positives - Sales grew on the back of higher contribution from branded products (84 percent of Q3 sales) - Gross and operating margins expanded noticeably because of a good product mix and full benefits of captive consumption (ie. yarn being utilised to manufacture bed sheets) Negatives - Forex losse

Nifty below 11,600; IndusInd Bank slips 2% - Share Market News 29.03.2019

Indices at day's low with Nifty below 11,600; IndusInd Bank slips 2%  All the sectoral indices are trading in green led by metal, energy, infra, IT, pharma and auto. L&T announces new strategic initiative Larsen and Toubro has announced a new strategic initiative, L&T-Nxt, to define the future of the organization from a fresh perspective. It has been identified as a select initiative in L&T's five-year strategic plan. Market Update:  Benchmark indices erased all its early gains and trading at day's low point. At 11:03 hrs IST, the Sensex is up 39.32 points at 38585.04, while Nifty is up 15.30 points at 11585.30. About 1153 shares have advanced, 861 shares declined, and 130 shares are unchanged. Highest Roll Spread  The Nifty is starting the new series with 16.9 million shares, which is relatively higher than the open interest seen at the inception of the last series. Continued positive momentum in the Nifty may be the reason behind fresh build up

Stocks In News 29-03-2019

Stocks in the news: Tata Power, Tata Metaliks, Sheela Foam, Lupin, Adani Ports, Wabco India, Lupin | Adani Ports | Bharat Financial Inclusion | Federal Bank | Gateway Distriparks | HIL Limited | Wabco India and IL&FS Transportation Networks are stocks which are in the news today. Here are stocks that are in the news today: Listing :  MSTC  to list on exchanges IPO :  Rail Vikas Nigam  IPO opens today. NRB Industrial Bearings : Board approved the allotment of 17,50,000 cumulative, redeemable, non-convertible preference shares of Rs 10 each aggregating to Rs 1.75 crore of the company on private placement basis to Devesh Singh Sahney, Chairman, Managing Director and Promoter of the company. Britannia Industries  will replace  Hindustan Petroleum Corporation  in the Nifty50 PFC  acquired govt stake in  REC  and became the holding company and also a promoter of REC TCPL Packaging : Commercial production of company's new unit situated in Kundaim, Goa has commenced.