This document provides details about the UTI Focussed Equity Fund – Series I, a close-ended equity scheme launched by UTI Mutual Fund. The primary objective of the fund is to generate long-term capital appreciation by predominantly investing in listed Indian equities. The fund will hold up to 30 stocks selected based on UTI's quality focused investment approach. The minimum investment amount is Rs. 5,000 and the fund tenure is 1100 days. The document also provides illustrative examples of some stocks that may be selected for the fund based on UTI's stock selection framework.
ICICI Prudential Growth Fund - Series 1 (Presentation)iciciprumf
This document provides an overview of the ICICI Prudential Growth Fund - Series 1, a close-ended equity fund. The fund aims to provide capital appreciation by investing in 40-60 stocks across market caps with a focus on mid and small caps as well as infrastructure and banking. It will identify companies with potential earnings growth over 3 years. The fund follows a high conviction approach and conducts rigorous research and risk management. It aims to outperform the CNX Nifty Index over the long run through investing in quality companies with strong fundamentals and earnings growth potential. Investors should be aware that the principal investment is of high risk.
As there has been a trend of performance concentration across market cycles, different investment styles may perform at different phases of a market cycle. Our Market Outlook for November 2020
The document provides an analysis of the Pakistan stock market and outlook for 2015. Some key points:
- The KSE-100 index gained 27% in 2014 due to improving macroeconomic conditions under the PML-N government.
- The index is expected to gain another 10-14% in 2015, reaching a target of 38,000-40,000 points, supported by continued economic recovery, privatization deals, stable politics, and 14% earnings growth.
- Key catalysts for market gains in 2015 include ongoing economic reforms, improved political stability, large privatization transactions, strong corporate earnings growth, and potential increase in Pakistan's weighting in frontier market indices.
The document provides an outlook on the Indian equity and fixed income markets for October 2018. It summarizes the performance of various global and Indian indices in September, with Indian equities suffering declines. It recommends staying cautious on equities and preferring large caps over mid and small caps. For fixed income, it suggests maintaining a cautious approach and staying in low duration funds given concerns around tightening liquidity. Specific mutual fund schemes are highlighted for their ability to benefit from market volatility through dynamic asset allocation.
SBI Short Term Debt Fund : An Open Ended Debt Fund - Aug 2016SBI Mutual Fund
SBI Short Term Debt Fund is an open ended income fund where the portfolio average maturity is capped at 3 years. This Debt scheme has the flexibility to invest in money market instruments, corporate bonds, Government securities/ T bills and securitized debt. SBI Short Term Debt Mutual Fund is best suited for investors seeking regular income for short term. To know more about this Debt Scheme visit our website https://www.sbimf.com/Products/DebtSchemes/SBI_Short_Term_Debt_Fund.aspx now!
See the Chart of Indian IIP Trend in Narnolia Securities Limited Market Diary 14.02.2014
http://www.narnolia.com/index.php/category/archieve/market-diary/
SBI Magnum Income Fund (MIF): An Income Mutual Fund Scheme - Aug 16SBI Mutual Fund
This document summarizes the SBI Magnum Income Fund, a debt mutual fund that invests in corporate and government bonds. The fund aims to generate regular income through medium-term investments while maintaining a low risk profile. Over the past year, the fund has returned 9.74% compared to 10.19% for its benchmark index. The fund manager actively manages the fund's duration and credit quality depending on views of the economy, market rates, and individual securities. The current strategy is to hold 50-60% of assets in corporate bonds rated AA or higher with durations of 2-5 years.
This document provides details about the UTI Focussed Equity Fund – Series I, a close-ended equity scheme launched by UTI Mutual Fund. The primary objective of the fund is to generate long-term capital appreciation by predominantly investing in listed Indian equities. The fund will hold up to 30 stocks selected based on UTI's quality focused investment approach. The minimum investment amount is Rs. 5,000 and the fund tenure is 1100 days. The document also provides illustrative examples of some stocks that may be selected for the fund based on UTI's stock selection framework.
ICICI Prudential Growth Fund - Series 1 (Presentation)iciciprumf
This document provides an overview of the ICICI Prudential Growth Fund - Series 1, a close-ended equity fund. The fund aims to provide capital appreciation by investing in 40-60 stocks across market caps with a focus on mid and small caps as well as infrastructure and banking. It will identify companies with potential earnings growth over 3 years. The fund follows a high conviction approach and conducts rigorous research and risk management. It aims to outperform the CNX Nifty Index over the long run through investing in quality companies with strong fundamentals and earnings growth potential. Investors should be aware that the principal investment is of high risk.
As there has been a trend of performance concentration across market cycles, different investment styles may perform at different phases of a market cycle. Our Market Outlook for November 2020
The document provides an analysis of the Pakistan stock market and outlook for 2015. Some key points:
- The KSE-100 index gained 27% in 2014 due to improving macroeconomic conditions under the PML-N government.
- The index is expected to gain another 10-14% in 2015, reaching a target of 38,000-40,000 points, supported by continued economic recovery, privatization deals, stable politics, and 14% earnings growth.
- Key catalysts for market gains in 2015 include ongoing economic reforms, improved political stability, large privatization transactions, strong corporate earnings growth, and potential increase in Pakistan's weighting in frontier market indices.
The document provides an outlook on the Indian equity and fixed income markets for October 2018. It summarizes the performance of various global and Indian indices in September, with Indian equities suffering declines. It recommends staying cautious on equities and preferring large caps over mid and small caps. For fixed income, it suggests maintaining a cautious approach and staying in low duration funds given concerns around tightening liquidity. Specific mutual fund schemes are highlighted for their ability to benefit from market volatility through dynamic asset allocation.
SBI Short Term Debt Fund : An Open Ended Debt Fund - Aug 2016SBI Mutual Fund
SBI Short Term Debt Fund is an open ended income fund where the portfolio average maturity is capped at 3 years. This Debt scheme has the flexibility to invest in money market instruments, corporate bonds, Government securities/ T bills and securitized debt. SBI Short Term Debt Mutual Fund is best suited for investors seeking regular income for short term. To know more about this Debt Scheme visit our website https://www.sbimf.com/Products/DebtSchemes/SBI_Short_Term_Debt_Fund.aspx now!
See the Chart of Indian IIP Trend in Narnolia Securities Limited Market Diary 14.02.2014
http://www.narnolia.com/index.php/category/archieve/market-diary/
SBI Magnum Income Fund (MIF): An Income Mutual Fund Scheme - Aug 16SBI Mutual Fund
This document summarizes the SBI Magnum Income Fund, a debt mutual fund that invests in corporate and government bonds. The fund aims to generate regular income through medium-term investments while maintaining a low risk profile. Over the past year, the fund has returned 9.74% compared to 10.19% for its benchmark index. The fund manager actively manages the fund's duration and credit quality depending on views of the economy, market rates, and individual securities. The current strategy is to hold 50-60% of assets in corporate bonds rated AA or higher with durations of 2-5 years.
SBI Money Market Funds : Investment in Debt & Money Market Securities - Aug 2016SBI Mutual Fund
SBI Money Market Mutual Fund comprises of SBI Premier Liquid Fund and SBI Ultra Short Term Debt Fund. SBI Premier Liquid Fund is a liquid fund which makes investments in securities with maturity less than or equal to 91 days. SBI Ultra Short Term Debt Fund would seek to generate regular returns while providing investors with a high degree of liquidity through investment in a portfolio comprising predominantly money market instruments with maturity / residual maturity up to one year. Check SBI MF Premier Liquid Fund On https://www.sbimf.com/Products/LiquidSchemes/SBI_Premier_Liquid_Fund.aspx and SBI Ultra Short Debt Fund on https://www.sbimf.com/Products/DebtSchemes/SBI_Ultra_Short_Term_Debt_Fund.aspx
SBI Magnum Monthly Income Plan: A Hybrid Mutual Fund Scheme - Aug 2016SBI Mutual Fund
SBI Magnum Monthly Income Plan (SBI MMIP) is a hybrid fund which invests in government securities, corporate debt and money market instruments as well as a small portion in equity. This mutual fund scheme has a moderate risk profile and is best suited for investors seeking long term capital appreciation. Check the SBI Mutual Fund page https://www.sbimf.com/Products/HybridSchemes/Magnum_Monthly_Income_Plan.aspx for more information about this mutual fund.
SBI Dynamic Asset Allocation Fund: A Hybrid Mutual Fund Scheme - Aug 16SBI Mutual Fund
SBI Dynamic Asset Allocation Fund is an open-ended dynamic asset allocation scheme which aims to invest in mix of equity and equity-related securities and fixed-income instruments. This hybrid mutual fund scheme is suitable for investors looking for superior risk adjusted returns over the long term. To learn more about this mutual fund check SBI Mutual Fund page https://www.sbimf.com/Hybrid-Funds/SBI-Dynamic-Asset-Allocation-Fund/index.html
Indian equity indices ended lower in May 2020 owing to
concerns about rise in domestic Covid-19 cases and extension of the nationwide lockdown. Benchmarks S&P BSE Sensex and Nifty 50 declined 3.84% and 2.84%, respectively in May 2020.
Interbank call money rates remained mostly below the RBI‟s repo rate of 4% in May owing to comfortable liquidity in the system. However, some pressure was seen on the rates following intermittent spike in demand for funds from banks.
Currency in circulation rose 18.4% on-year in the week ended May 22, 2020, compared with 14.2% growth a year ago. The RBI, via its liquidity window, absorbed Rs 5114.71 billion on a net daily average basis in May 2020, compared with net liquidity absorption of Rs 4751.55 billion in April 2020.
Bank credit growth rose 6.5% on-year in the fortnight ended May 8, 2020, compared with 7.2% on-year growth reported in the fortnight ended April 10, 2020.
At the CMP of Rs 33, the stock is trading at an Adj P/BV of 1.3x and 1.1x for FY15E and FY16E, respectively. With the new government stepping-up reforms and making efforts to remove the bottlenecks in the economy, we expect the economic growth to pick up going forward. Consequently, we expect the strong growth momentum seen in SIB over past few years to continue. We expect advances and deposits to grow at a CAGR of ~19% each over the forecasted period of FY14-16E.
With business further expected to grow at CAGR of 19.5% over FY14-16E; NIMs remaining stable at ~3.0% and cost-to-income ratio improving to ~45% (currently ~50%), we expect a robust PAT growth of 22.6% CAGR over FY14-16E to Rs 763 crore.
Asset quality of SIB has improved in FY14 with GNPA and Net NPA standing at 1.2% and 0.8% in FY14 against 1.4% and 0.8% in FY13, respectively (which compares favourably with peers).
On the capital adequacy front, SIB is comfortably placed to support the future business needs of the bank over the period FY14-16E. The management has stated that it does not require any Tier-I capital funding during the current year. However, it plans to raise Tier-II capital of Rs 200 crore in FY15 to fund future growth.
Our ‘VCTS’ framework (Valuations, Cycle, Trigger, Sentiments) is currently indicating that Valuations are reasonable, Business Cycle has bottomed out and FPIs are withdrawing money suggesting that it is a good time to invest in equities
Our ‘VCTS’ framework (Valuations, Cycle, Trigger, Sentiments) is currently indicating that Valuations are reasonable, Business Cycle has bottomed out, Trigger would be the trajectory of COVID-19 growth curve, Sentiments are negative since FPIs are withdrawing money and past returns have been muted. This suggests that it is a good time to invest in equities
• RBI reduced the Repo rate by 40 bps to 4.00%
• Reverse Repo rate accordingly is adjusted to 3.35%
• Marginal Standing Facility (MSF) rate and the Bank rate accordingly is
adjusted to 4.25%
• Cash Reserve Ratio (CRR) remains unchanged at 3%
• Statutory Liquidity Ratio (SLR) stands adjusted to 18.00%
• Historically, financial crisis have generally occurred due to endogenous factors – economic imbalances like high crude prices, high inflation, etc. This time it is different since macros being stable, the current crisis is the result of an external factor i.e. COVID-19
• India’s long term growth story remains intact since it is better placed in terms of fundamentals
• We believe, Emerging Markets have the potential to recover better than Developed Markets & that Value as a theme performs better than Growth during recovery phase. Hence, we recommend investing in ICICI Prudential Value Discovery Fund
• Owing to the temporary economic crisis due to COVID-19, we recommend investing in ICICI Prudential India Opportunities Fund
• Given further uncertainty regarding the spread of COVID-19, volatility is expected to prevail. We recommend investing in ICICI Prudential Balanced Advantage Fund to manage volatility • We remain positive on the Smallcap space as valuations are reasonable & recommend investing in ICICI Prudential Smallcap Fund
• Post any crisis, sectoral leadership has changed in the past. Aim to invest in future potential leaders through ICICI Prudential Focused Equity Fund
ICICI Prudential Growth Fund - Series 2 (Presentation)iciciprumf
This document summarizes an investment product called the ICICI Prudential Growth Fund - Series 2. The following points are highlighted:
1. It is a 3.5 year close-ended diversified equity fund that aims to provide capital appreciation by investing in 40-60 stocks across market caps with a focus on mid and small caps.
2. The fund maturity is set to end 1 year before the elected government's term to potentially benefit from large deliveries in the last 1-2 years of their term when market valuations may reflect government efforts.
3. A high conviction portfolio will be created using screens for data integrity, company characteristics like competitive edge and financial strength. Valuations will also be
Indian equities surged in the month of March in a catch-up rally after months of range-bound trading on the back of easing inflation giving rise to expectation of lower interest rates, strengthening rupee and record foreign investor flows. Indian equities rose by 7.8 per cent during the month.
Read the full document to know more.
SBI Magnum Equity Fund: An Equity Mutual Fund - Jul 2016SBI Mutual Fund
The document summarizes information about the SBI Magnum Equity Fund, a large-cap focused equity fund managed by SBI Funds Management. It provides details on the fund's investment strategy, portfolio characteristics, and performance. Specifically, it notes that the fund follows a top-down investment approach focusing on large cap stocks, has a concentrated portfolio of 25-40 stocks, and has outperformed its benchmark over various periods under the management of R. Srinivasan.
Reliance markets for you December 08th, 2014Rahul saxena
Reliance Mutual Fund’s market news which includes,Indian equity and debt market indices, currency values, Indian Government announcement, International news etc
Monthly market outlook (July 2021) | ICICI Prudential Mutual Fundiciciprumf
Valuations are not cheap but the business cycle remains in the nascent phase. Read our Monthly Market Outlook for July 2021 to understand more about Equity Markets and Fixed Income Markets.
This document discusses IDFC Large Cap Fund, an equity scheme that predominantly invests in large cap stocks. It highlights the advantages of large caps such as high liquidity, established track records, reputable management, and financial resilience. The fund aims to provide upside return potential with relatively low volatility by investing in industry leaders and taking a blend of top-down and bottom-up approaches. It demonstrates how the fund's sector allocation and focus on buying sector leaders has helped returns. Currently, the fund is overweight in telecom, IT and consumer staples sectors while underweight in financials, commodities and utilities.
Looking for long term wealth creation?
Introducing ICICI Prudential Business Cycle Fund!
Stay on the course and ride out the business cycle.
Know More: http://bit.ly/IpruBusinessCycleFund
#NFOLaunch #BusinessCycleFund
SBI Magnum Equity Fund: An Open-ended Equity Scheme - Nov 16SBI Mutual Fund
SBI Magnum Equity Fund is an equity scheme that seeks capital appreciation through investment in diversified portfolio of equities of high growth companies, along with liquidity of an open ended scheme. To know more about this mutual fund check the SBI Mutual Fund Page
https://www.sbimf.com/en-us/equity-schemes/sbi-magnum-equity-fund
1) The fund update provides performance information for IDFC Sterling Value Fund for the quarter ending December 2020. The fund focuses on a value investment strategy in mid and small cap companies.
2) For the quarter, the fund outperformed its benchmark index with a return of 22.9% versus the benchmark return of 21.2%.
3) Top positive contributors were commodities, cement/building materials, and consumer discretionary, while top negative contributors were utilities, information technology, and financials.
SBI Money Market Funds : Investment in Debt & Money Market Securities - Aug 2016SBI Mutual Fund
SBI Money Market Mutual Fund comprises of SBI Premier Liquid Fund and SBI Ultra Short Term Debt Fund. SBI Premier Liquid Fund is a liquid fund which makes investments in securities with maturity less than or equal to 91 days. SBI Ultra Short Term Debt Fund would seek to generate regular returns while providing investors with a high degree of liquidity through investment in a portfolio comprising predominantly money market instruments with maturity / residual maturity up to one year. Check SBI MF Premier Liquid Fund On https://www.sbimf.com/Products/LiquidSchemes/SBI_Premier_Liquid_Fund.aspx and SBI Ultra Short Debt Fund on https://www.sbimf.com/Products/DebtSchemes/SBI_Ultra_Short_Term_Debt_Fund.aspx
SBI Magnum Monthly Income Plan: A Hybrid Mutual Fund Scheme - Aug 2016SBI Mutual Fund
SBI Magnum Monthly Income Plan (SBI MMIP) is a hybrid fund which invests in government securities, corporate debt and money market instruments as well as a small portion in equity. This mutual fund scheme has a moderate risk profile and is best suited for investors seeking long term capital appreciation. Check the SBI Mutual Fund page https://www.sbimf.com/Products/HybridSchemes/Magnum_Monthly_Income_Plan.aspx for more information about this mutual fund.
SBI Dynamic Asset Allocation Fund: A Hybrid Mutual Fund Scheme - Aug 16SBI Mutual Fund
SBI Dynamic Asset Allocation Fund is an open-ended dynamic asset allocation scheme which aims to invest in mix of equity and equity-related securities and fixed-income instruments. This hybrid mutual fund scheme is suitable for investors looking for superior risk adjusted returns over the long term. To learn more about this mutual fund check SBI Mutual Fund page https://www.sbimf.com/Hybrid-Funds/SBI-Dynamic-Asset-Allocation-Fund/index.html
Indian equity indices ended lower in May 2020 owing to
concerns about rise in domestic Covid-19 cases and extension of the nationwide lockdown. Benchmarks S&P BSE Sensex and Nifty 50 declined 3.84% and 2.84%, respectively in May 2020.
Interbank call money rates remained mostly below the RBI‟s repo rate of 4% in May owing to comfortable liquidity in the system. However, some pressure was seen on the rates following intermittent spike in demand for funds from banks.
Currency in circulation rose 18.4% on-year in the week ended May 22, 2020, compared with 14.2% growth a year ago. The RBI, via its liquidity window, absorbed Rs 5114.71 billion on a net daily average basis in May 2020, compared with net liquidity absorption of Rs 4751.55 billion in April 2020.
Bank credit growth rose 6.5% on-year in the fortnight ended May 8, 2020, compared with 7.2% on-year growth reported in the fortnight ended April 10, 2020.
At the CMP of Rs 33, the stock is trading at an Adj P/BV of 1.3x and 1.1x for FY15E and FY16E, respectively. With the new government stepping-up reforms and making efforts to remove the bottlenecks in the economy, we expect the economic growth to pick up going forward. Consequently, we expect the strong growth momentum seen in SIB over past few years to continue. We expect advances and deposits to grow at a CAGR of ~19% each over the forecasted period of FY14-16E.
With business further expected to grow at CAGR of 19.5% over FY14-16E; NIMs remaining stable at ~3.0% and cost-to-income ratio improving to ~45% (currently ~50%), we expect a robust PAT growth of 22.6% CAGR over FY14-16E to Rs 763 crore.
Asset quality of SIB has improved in FY14 with GNPA and Net NPA standing at 1.2% and 0.8% in FY14 against 1.4% and 0.8% in FY13, respectively (which compares favourably with peers).
On the capital adequacy front, SIB is comfortably placed to support the future business needs of the bank over the period FY14-16E. The management has stated that it does not require any Tier-I capital funding during the current year. However, it plans to raise Tier-II capital of Rs 200 crore in FY15 to fund future growth.
Our ‘VCTS’ framework (Valuations, Cycle, Trigger, Sentiments) is currently indicating that Valuations are reasonable, Business Cycle has bottomed out and FPIs are withdrawing money suggesting that it is a good time to invest in equities
Our ‘VCTS’ framework (Valuations, Cycle, Trigger, Sentiments) is currently indicating that Valuations are reasonable, Business Cycle has bottomed out, Trigger would be the trajectory of COVID-19 growth curve, Sentiments are negative since FPIs are withdrawing money and past returns have been muted. This suggests that it is a good time to invest in equities
• RBI reduced the Repo rate by 40 bps to 4.00%
• Reverse Repo rate accordingly is adjusted to 3.35%
• Marginal Standing Facility (MSF) rate and the Bank rate accordingly is
adjusted to 4.25%
• Cash Reserve Ratio (CRR) remains unchanged at 3%
• Statutory Liquidity Ratio (SLR) stands adjusted to 18.00%
• Historically, financial crisis have generally occurred due to endogenous factors – economic imbalances like high crude prices, high inflation, etc. This time it is different since macros being stable, the current crisis is the result of an external factor i.e. COVID-19
• India’s long term growth story remains intact since it is better placed in terms of fundamentals
• We believe, Emerging Markets have the potential to recover better than Developed Markets & that Value as a theme performs better than Growth during recovery phase. Hence, we recommend investing in ICICI Prudential Value Discovery Fund
• Owing to the temporary economic crisis due to COVID-19, we recommend investing in ICICI Prudential India Opportunities Fund
• Given further uncertainty regarding the spread of COVID-19, volatility is expected to prevail. We recommend investing in ICICI Prudential Balanced Advantage Fund to manage volatility • We remain positive on the Smallcap space as valuations are reasonable & recommend investing in ICICI Prudential Smallcap Fund
• Post any crisis, sectoral leadership has changed in the past. Aim to invest in future potential leaders through ICICI Prudential Focused Equity Fund
ICICI Prudential Growth Fund - Series 2 (Presentation)iciciprumf
This document summarizes an investment product called the ICICI Prudential Growth Fund - Series 2. The following points are highlighted:
1. It is a 3.5 year close-ended diversified equity fund that aims to provide capital appreciation by investing in 40-60 stocks across market caps with a focus on mid and small caps.
2. The fund maturity is set to end 1 year before the elected government's term to potentially benefit from large deliveries in the last 1-2 years of their term when market valuations may reflect government efforts.
3. A high conviction portfolio will be created using screens for data integrity, company characteristics like competitive edge and financial strength. Valuations will also be
Indian equities surged in the month of March in a catch-up rally after months of range-bound trading on the back of easing inflation giving rise to expectation of lower interest rates, strengthening rupee and record foreign investor flows. Indian equities rose by 7.8 per cent during the month.
Read the full document to know more.
SBI Magnum Equity Fund: An Equity Mutual Fund - Jul 2016SBI Mutual Fund
The document summarizes information about the SBI Magnum Equity Fund, a large-cap focused equity fund managed by SBI Funds Management. It provides details on the fund's investment strategy, portfolio characteristics, and performance. Specifically, it notes that the fund follows a top-down investment approach focusing on large cap stocks, has a concentrated portfolio of 25-40 stocks, and has outperformed its benchmark over various periods under the management of R. Srinivasan.
Reliance markets for you December 08th, 2014Rahul saxena
Reliance Mutual Fund’s market news which includes,Indian equity and debt market indices, currency values, Indian Government announcement, International news etc
Monthly market outlook (July 2021) | ICICI Prudential Mutual Fundiciciprumf
Valuations are not cheap but the business cycle remains in the nascent phase. Read our Monthly Market Outlook for July 2021 to understand more about Equity Markets and Fixed Income Markets.
This document discusses IDFC Large Cap Fund, an equity scheme that predominantly invests in large cap stocks. It highlights the advantages of large caps such as high liquidity, established track records, reputable management, and financial resilience. The fund aims to provide upside return potential with relatively low volatility by investing in industry leaders and taking a blend of top-down and bottom-up approaches. It demonstrates how the fund's sector allocation and focus on buying sector leaders has helped returns. Currently, the fund is overweight in telecom, IT and consumer staples sectors while underweight in financials, commodities and utilities.
Looking for long term wealth creation?
Introducing ICICI Prudential Business Cycle Fund!
Stay on the course and ride out the business cycle.
Know More: http://bit.ly/IpruBusinessCycleFund
#NFOLaunch #BusinessCycleFund
SBI Magnum Equity Fund: An Open-ended Equity Scheme - Nov 16SBI Mutual Fund
SBI Magnum Equity Fund is an equity scheme that seeks capital appreciation through investment in diversified portfolio of equities of high growth companies, along with liquidity of an open ended scheme. To know more about this mutual fund check the SBI Mutual Fund Page
https://www.sbimf.com/en-us/equity-schemes/sbi-magnum-equity-fund
1) The fund update provides performance information for IDFC Sterling Value Fund for the quarter ending December 2020. The fund focuses on a value investment strategy in mid and small cap companies.
2) For the quarter, the fund outperformed its benchmark index with a return of 22.9% versus the benchmark return of 21.2%.
3) Top positive contributors were commodities, cement/building materials, and consumer discretionary, while top negative contributors were utilities, information technology, and financials.
1) The fund provides a quarterly update on the IDFC Sterling Value Fund, an open-ended equity scheme that follows a value investment strategy focused on mid and small cap companies.
2) During the quarter, the fund outperformed its benchmark index and had its strongest positive contributors in the Commodities, Cement/Building Materials, and Consumer Discretionary sectors. Its underweight in Financials and overweight in Information Technology negatively impacted performance.
3) The fund manager maintains a positive outlook on commodities and financials due to an expected economic recovery and earnings growth. Cement and building materials are also expected to benefit from increased government spending and rural demand.
1. The document provides a quarterly update on the IDFC Sterling Value Fund for January 2021.
2. During the quarter, the fund outperformed its benchmark index and maintained its focus on companies that benefit from positive liquidity, low interest rates, and attractive valuations.
3. Top positive contributors were commodities, cement/building materials, and consumer discretionary, while top negative contributors were utilities, information technology, and financials.
- ONGC is planning to seek government support for its $6 billion deep water project in the KG basin and is reworking its field development plan to cut costs and boost output as current oil prices have halved and may not make the project commercially feasible.
- Technical outlook suggests buying ONGC in the range of Rs. 245-247, targeting Rs. 252 with a stop loss of Rs. 242.50.
- Canara Bank has cut its base rate by 0.25% to 9.65% and reported a 40.65% fall in Q1 net profit but a 4.47% rise in total income.
- Technical outlook suggests buying Canara Bank in the range of Rs
The document discusses investing in large cap stocks through the IDFC Large Cap Fund. It notes that large caps provide upside return potential with relatively low volatility compared to mid and small caps. The fund aims to invest predominantly in sector leaders for their strong growth potential, good quality business and management, and robust fundamentals. It takes a blended top-down and bottom-up approach to identify opportunities in sectors expected to perform well. The fund may also opportunistically invest up to 20% in mid and small caps for additional alpha. Currently, it is overweight in healthcare and telecom and underweight in financials, energy, and utilities.
The document discusses why large cap stocks are preferable for investment in the IDFC Large Cap Fund. It notes that large caps have potential for upside returns with relatively low volatility compared to mid and small caps. Large caps tend to have strong customer bases, high liquidity, good corporate governance and experienced management which allows them to better withstand difficult market conditions. The fund employs a strategy of investing in the right sectors, sector leaders, and opportunistically in mid/small caps. It is currently overweight in healthcare and telecom and underweight in financials, energy and utilities. The document promotes the IDFC Large Cap Fund as benefiting from predominantly investing in leading large cap companies while having an active management approach.
This document contains various sections including a market view, company update on HEG Limited, news around the world economy, knowledge corner on bought deals, mutual fund corner on ICICI Prudential Balanced Advantage Fund, forex corner, commodity corner, and a report card on J Street recommendations. The overall document provides an overview of the stock market, company and economic updates, and analysis on mutual funds and commodities to help readers stay informed.
This document discusses IDFC Large Cap Fund, an equity fund that predominantly invests in large cap stocks. It highlights the advantages of large caps such as high liquidity, established track records, reputable management, and financial resilience. The fund employs a three pillar strategy of buying the right sectors, sector leaders, and tactically allocating to mid/small caps. It is currently overweight in telecom, IT, and consumer staples sectors and underweight in financials, commodities, and utilities. The minimum investment amount is Rs. 5,000 with no exit load.
Right Horizons market outlook for 2016 - stay investedRight Horizons
This document discusses India's economic outlook and the performance of various mutual fund portfolios. It notes that India is expected to grow at around 7-8% through 2020 according to Goldman Sachs. Several factors are positive for 2016, including lower commodity prices and higher infrastructure spending. The document highlights the performance of various mutual fund portfolios managed by the company, showing they have outperformed comparable funds over various time periods. It sets a target for the Sensex to end 2016 over 30,000, representing 22% upside from current levels.
Interbank call money rates found itself below the Reserve Bank of India (RBI)’s repo rate of 6.00% for most parts of the month as systemic liquidity remained comfortable amid periodic repo auctions conducted by the RBI. However, intermittent tightness in call rates was seen on fund demand from banks to meet their mandatory reserve requirements. Meanwhile, the apex bank sporadically offered banks the opportunity to park funds through some reverse repo auctions. Read the full document to know more.
The document provides an overview of the Indian macroeconomic environment and corporate performance. Some key points:
- Interest rates are expected to remain higher than the last decade, with implications for economic growth and asset valuations.
- Indian corporate earnings growth has averaged around 11% annually over the last three decades, with periods of higher and lower growth. Sustaining 12-13% earnings growth over the next decade is possible given factors like government spending and economic reforms.
- Valuations of Indian equities have moderated and are at more reasonable levels compared to historical averages. Small and mid-cap stocks remain attractively valued relative to large caps.
The fund focuses on investing in companies with strong fundament
The document provides an overview of the Indian macroeconomic environment and corporate performance. Some key points:
- Interest rates are expected to remain higher than the last decade, with implications for economic growth and asset valuations.
- Indian corporate earnings growth has averaged around 11% annually over the last three decades, with periods of higher and lower growth. Sustaining 12-13% earnings growth over the next decade is possible given factors like government spending and economic reforms.
- Valuations of Indian equities have moderated and are at more reasonable levels currently compared to historical averages. Small and mid-cap stocks remain at a valuation discount to large caps.
The fund focuses on investing in companies with strong
The document provides an overview of the Indian macroeconomic environment and corporate performance. Some key points:
- Interest rates are expected to remain higher than the last decade, with implications for economic growth and asset valuations.
- Indian corporate earnings growth has averaged around 11% annually over the last three decades, with periods of higher and lower growth. Sustaining 12-13% earnings growth over the next decade is possible given factors like government spending and economic reforms.
- Valuations of Indian equities are high relative to history but have corrected and become more reasonable recently. Small and mid-cap stocks remain attractively valued relative to large caps.
- The fund focuses on investing in companies with strong
SBI Magnum Equity Fund: An Equity Mutual Fund - Apr 2016SBI Mutual Fund
SBI Magnum Equity Fund is an open ended Equity Mutual Fund Scheme which seeks to provide maximum growth opportunities from a portfolio of equity and debt instruments of companies having high growth potential. To know more about this product check our website page https://www.sbimf.com/Products/EquitySchemes/Magnum_Equity_Fund.aspx
The document is a report on the IDFC Sterling Value Fund, an open-ended equity scheme following a value investment strategy. It provides details on the fund's performance, portfolio allocation, investment strategy and outlook. The fund focuses on investing in mid and small cap companies following a bottom-up stock selection process. It looks for leaders and challengers in sectors with good return on capital and cash flow. The fund had strong returns in February 2021 with small and mid caps performing best.
The document is a report on the IDFC Sterling Value Fund, an open-ended equity scheme that follows a value investment strategy focusing on mid and small cap stocks. It discusses the fund's strong performance in the December 2020 quarter. The report also notes that while domestic markets continued to rise in February 2021, concerns remain about rising bond yields and inflation potentially slowing economic growth. The fund remains focused on investing in leader and challenger companies with low debt, high returns on capital and emerging businesses with growth potential.
MARKET PULSE, the monthly from ACMIIL, aims to provide insightful perspectives on all aspects of the market, the equity, debt, derivatives,forex, commodities and money markets.
- The December 2020 quarter saw record profits for Indian companies in the BSE200 set, which few would have predicted at the start of the fiscal year in April 2020 during the start of the COVID pandemic.
- In February 2021, the domestic Indian equity markets continued to trend higher with gains across sectors, led by small cap (12% return) and mid cap (10% return) stocks.
- However, rising global bond yields and inflation concerns gave a signal that economic growth could slow if bond yields continued to rise, potentially leading to compressed valuations.
- The December 2020 quarter saw record profits for Indian companies in the BSE200 set, which few would have predicted at the start of the fiscal year in April 2020 during the start of the COVID pandemic.
- In February 2021, the domestic Indian equity markets continued to trend higher with gains across sectors, led by small cap (12% return) and mid cap (10% return) stocks.
- However, rising global bond yields and inflation concerns gave a signal that economic growth could slow if bond yields continued to rise, potentially leading to compressed valuations.
This document provides a summary of key economic data being released during the week of March 9-14, 2020. It lists the date, time, and country/region that the economic indicator is being released for, along with the specific indicator such as consumer confidence, GDP, manufacturing PMI, etc. There is also a disclaimer at the end related to the information provided and legal terms of using the website.
The document provides a report on gold and silver prices and analysis from the MCX (Multi Commodity Exchange) on March 21, 2020.
The 3 sentence summary is:
Gold prices on the MCX rose 0.75% to Rs. 40,129 per 10 grams as speculators created new positions amid a firm global trend, while silver prices soared Rs. 914 to Rs. 36,016 per kg as participants widened bets due to a firm global trend. The report provides technical analysis and recommendations to sell gold at Rs. 38,400 and silver at Rs. 33,047 based on support and resistance levels.
The document provides details of an option trading strategy for Ultratech Cement. It recommends buying 3400 call options of Ultratech Cement at Rs. 299 with a lot size of 200, maximum loss of Rs. 63,100, and unlimited profit potential. The strategy rationale is that Ultratech Cement has broken resistance and sustained above that level, indicating a high probability of the stock price rising further.
- The USD was higher against the INR on Friday after the Indian Prime Minister announced a nationwide curfew on Sunday to combat the spread of coronavirus.
- USD/INR was trading at 75.15, up 0.50% for the day. The research recommendation was to buy USD/INR at 75.24 with a target of 76.5 and stop loss of 74.2.
- The document provided a technical analysis of USD/INR along with a research recommendation for trading the currency pair.
The document provides analysis and recommendations on the Indian stock market and some specific stocks. It discusses key support and resistance levels for indexes like Nifty and Bank Nifty. It provides both short term and medium term buy recommendations for stocks like Reliance, Tata Steel, and Maruti among others. The document also summarizes global market conditions and movements in crude oil prices.
Silver, gold and crude oil futures prices rose on Friday according to the commodity snapshot document. Natural gas markets fluctuated after rising on Thursday. Nickel futures also gained on Friday due to rising demand. The aluminum industry may see reduced production and loads due to the automotive sector slowing down as a result of the coronavirus crisis in Germany and Europe. Rubber prices declined as tyre makers and domestic stockists were not interested in increasing commitments.
- The document provides a sector-wise breakdown of the movement in the Indian stock market on March 21, 2020. Most sectors saw gains ranging from 3.4% to 10.1%.
- It also lists support and resistance levels for the Nifty and Bank Nifty indexes. Foreign and domestic institutional investor activity is shown for the past few days.
- The indexes saw gains on March 20 on hopes of a government stimulus and positive global cues, breaking a four-day losing streak. However, the market remains sell-on-rally due to coronavirus pessimism.
JSW Steel is an Indian steel company and one of the fastest growing in India. It has a footprint in over 140 countries. JSW Steel is India's second largest private sector steel company with an installed capacity of 18 MTPA. The document provides a rating of "Buy" for JSW Steel with a target price of INR 250 and discusses the company's financial performance, growth, capacity expansion plans, and valuation compared to peers.
- The stock market indices in India ended lower for the fourth consecutive session on March 19 due to concerns over the COVID-19 pandemic and its economic impact. The Sensex closed down 581 points and Nifty fell 205 points.
- The economic impact of the COVID-19 pandemic is being felt globally via supply chain disruptions and a slowdown in demand as more countries implement lockdowns and social distancing measures. This will likely weaken the global economy in the first half of 2020.
- The effects of the pandemic are expected to be prolonged, with supply chain disruptions in China gradually easing by mid-April but the impact on travel and tourism likely lasting until June. Weak demand from lockdowns
- Gold futures rose on Friday due to safe haven demand amid the accelerated spread of COVID-19, lower US equities, and a weaker US dollar.
- The Dow Jones fell 0.8% and the US Dollar Index fell 0.25%, both lending support to gold prices.
- Silver markets also rallied, piercing the $13 level and looking to build a base as the market has been oversold, though industrial demand for silver will be negatively impacted by the pandemic.
Sector weekly perfomance 21 st mar - 2020stockquint
This document provides a weekly sector performance report covering several industries in India. It discusses how the continued spread of COVID-19 is negatively impacting the automobile sector through supply chain disruptions from China and potential declines in demand. It also notes challenges for the banking sector from the pandemic's economic effects. The FMCG sector continues to see a slowdown, especially in rural areas. The pharmaceutical industry may need to reduce dependence on China for active pharmaceutical ingredients. The NBFC, oil and gas, and stressed asset management sectors are also addressed.
Derivative weekly report 21 st mar - 2020stockquint
The document provides analysis of the Indian stock market and recommends buying Hindustan Unilever Limited futures. It analyzes technical indicators for the Nifty 50 index and Bank Nifty index, noting support and resistance levels. It also discusses currency movements between the Indian rupee and US dollar. Open interest data for various securities is presented.
- Several key sectors saw declines last week, with the BSE PSU index falling -133.2 points and the BSE Bankex index declining -236.68 points.
- The Nifty index failed to break above previous highs and closed the week down 32.6 points at 12,080.85. Technical indicators suggest the potential for further declines in the short term.
- Mobile carriers including Vodafone Idea were ordered to pay thousands of crores in dues following a Supreme Court ruling. Official macroeconomic data will be monitored for signs of economic revival.
This document provides a weekly sector analysis and stock picks for the third week of February 2020. It includes:
- A performance summary of various sectors for the week.
- Potential stock picks to buy or sell for the week, including entry prices and targets.
- A discussion of developments in sectors such as banking, auto, energy, and telecom.
This document provides a summary of key economic data being released for the week of February 24, 2020 to February 29, 2020 from various countries including New Zealand, Eurozone, Australia, Canada, China, and the United States. It also includes disclaimers about investment risks and responsibilities for the information provided.
- The weekly market report provides an overview of the performance of key indices like Nifty and Bank Nifty for the week ending February 20, 2020. Nifty ended the week lower by 32 points at 12,080 levels while Bank Nifty closed lower by 287 points at 30,942 levels.
- Most sectors ended in red for the week with auto, metal and PSU banking indices falling the most. IT was the only sector in green, gaining over 1%. Foreign institutional investors were net sellers in the cash market during the week.
- Going forward, analysts will monitor official economic data for signs of recovery in the slowing Indian economy. The report provides technical levels for the indices along with details of sector performances.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy VisaAmit Kakkar
Discover essential details about Thailand's recent visa policy changes, tailored for tourists and students. Amit Kakkar Easy Visa provides a comprehensive overview of new requirements, application processes, and tips to ensure a smooth transition for all travelers.
The Impact of Generative AI and 4th Industrial RevolutionPaolo Maresca
This infographic explores the transformative power of Generative AI, a key driver of the 4th Industrial Revolution. Discover how Generative AI is revolutionizing industries, accelerating innovation, and shaping the future of work.
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Every business, big or small, deals with outgoing payments. Whether it’s to suppliers for inventory, to employees for salaries, or to vendors for services rendered, keeping track of these expenses is crucial. This is where payment vouchers come in – the unsung heroes of the accounting world.
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck mari...Donc Test
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
2. 28 SEPTEMBER 2019
2
Key levels
Moving averages Support Resistance
30 day EMA 11640.80 11210.10 11640.35
50 day EMA 11726.95 11141.75 11475.75
200 day EMA 11135.95 11100.20 11368.30
Nifty 50 has made a "Wide Ranging Day" bullish pattern a powerful indicator of trend reversal.
Market has also reversed from its previous support levels of 10650 completing an important down
cycle. Market will continue to move higher with intermittent deep corrections which should not shake
the confidence of long traders. 11000 -11100 are good levels to go long. Buy on decline should be a
strategy for traders and short selling should be avoided.
Buy on dips would be the preferred strategy for Nifty in the short term. Positional traders can look to
initiate a fresh long position near 11,400-11,380. The short-term targets on the higher side will be the
recent high of 11,694 and the 78.6 per cent retracement of the June–August decline i.e. 11,790
Index
Monthly
Closing
Monthly High Monthly Low
Monthly
Change
Monthly
Change %
Nifty 11,512.40 11,694.40 10,960.80 1130 4.44%
3. 28 SEPTEMBER 2019
2
Index
Monthly
Closing
Monthly High Monthly Low
Monthly
Change
Monthly
Change %
Bank Nifty 29,876.65 30794.40 26,645.90 2448.8 8.93%
Key levels
Moving averages Support Resistance
30 day EMA 30502.25 28902.10 29549.15
50 day EMA 30704.20 28565.20 29758.20
200 day EMA 28249.31 28147.35 30102.35
Bank Nifty consolidated for the most part of the day as it traded in the range between 29,700 to 30,100
levels. The index closed 0.42 percent lower at 29,876.65 and formed a small-bodied candle on the
daily scale while Long-legged Doji on a weekly scale.
It is finding multiple supports near 29,500 levels while hurdles are intact at higher zones. Now it has to
continue to hold above 29,750 to extend its gains towards 30,500 then 30,750 levels while on the
downside support is seen at 29,400 then 29,250 levels.
4. Research Desk – Stock Quint
28 SEPTEMBER 2019
1
Valuation Metrics
Monthly Equity Strategy
Nifty Price Book
Ratio, Dividend Yield
12 Month rolling forward
P/E (X)
6. Research Desk – Stock Quint
28 SEPTEMBER 2019
1
Valuation Metrics
Macro Economic Indicators
GDP Growth
IIP DATA
7. Research Desk – Stock Quint
28 SEPTEMBER 2019
1
Valuation Metrics
Performance Report
Performance of Sectoral
Indices MOM
Performance of Sectoral
Indices - YoY
-50.00%
-40.00%
-30.00%
-20.00%
-10.00%
0.00%
10.00%
20.00%
30.00%
Series 1
-50%
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
Series 1
8. Research Desk – Stock Quint
28 SEPTEMBER 2019
1
MARKET STATISTICS
TOP GAINERS
Company Name LTP
Prev
Close
Change
Change
(%)
Volume ('000s)
B P C L 469.8 350.55 119.25 34.02 10949127
Bombay Burmah 1,188.50 893.7 294.8 32.99 112376
Sterlite Tech. 161.65 122.4 39.25 32.07 1175539
Siemens 1,509.05 1,177.95 331.1 28.11 937304
Colgate-Palm. 1,544.85 1,213.05 331.8 27.35 907962
Jubilant Life 523.9 415.8 108.1 26 243121
General Insuranc 215.9 171.5 44.4 25.89 1045956
IDBI Bank 33.6 26.75 6.85 25.61 4933687
TOP LOSERS
Company Name LTP ( )
Prev
Close ( )
Change ( )
Change
(%)
Volume ('000s)
Indian Bank 133.5 196.3 -62.8 -31.99 1042382
Zee Entertainmen 273.55 364.2 -90.65 -24.89 27027102
Yes Bank 48.75 59.5 -10.75 -18.07 306867611
Canara Bank 189.6 226.9 -37.3 -16.44 8621344
Indiabulls Vent. 154.8 182.5 -27.7 -15.18 6877045
Allahabad Bank 29.6 34.85 -5.25 -15.06 594533
Indiabulls Hous. 390.1 457.25 -67.15 -14.69 19865522
Dalmia Bhara. 816.1 930.4 -114.3 -12.29 129308
9. Research Desk – Stock Quint
28 SEPTEMBER 2019
1
MARKET STATISTICS
VOLUME TOPPER (MONTHLY)
Company Name LTP ( )
Prev
Close
Change (
)
Change (
%)
Volume(0'000s)
Yes Bank 48.75 59.5 -10.75 -18.07 30,68,67,611
Vodafone Idea 5.65 5 0.65 13 10,73,27,275
Tata Motors 119.9 116.35 3.55 3.05 4,58,75,793
Ashok Leyland 71.9 66.75 5.15 7.72 2,65,21,149
S A I L 33.05 31.1 1.95 6.27 2,92,90,686
St Bk of India 281.2 284.9 -3.7 -1.3 3,78,51,718
Bank of Baroda 95.1 94.5 0.6 0.63 2,31,68,151
Punjab Natl.Bank 62.85 65.65 -2.8 -4.27 2,24,26,450
VALUE TOPPER (MONTHLY)
Company Name LTP ( )
Prev
Close
Change ( )
Change (%
)
Value( Lakhs)
Yes Bank 48.75 59.5 -10.75 -18.07 1,28,968.30
Maruti Suzuki 6,773.70 6,103.40 670.3 10.98 1,23,699.22
Reliance Inds. 1,309.05 1,263.30 45.75 3.62 1,15,016.63
H D F C 2,035.90 2,187.15 -151.25 -6.92 1,11,885.78
HDFC Bank 1,244.20 1,123.75 120.45 10.72 1,06,892.35
ICICI Bank 449.2 412.95 36.25 8.78 1,06,656.66
St Bk of India 281.2 284.9 -3.7 -1.3 98,507.27
Axis Bank 700.6 678.2 22.4 3.3 89,003.55
10. Research Desk – Stock Quint
28 SEPTEMBER 2019
1
STOCK ANALYSIS- MONTHLY
Fundamental Stocks Pick
1) ICICI PRUDENTIAL
COMPANY PROFILE
CMP 402.55
TARGET 480
TIME FRAME 6 Month
NSE CODE ZEEL
BSE CODE 505537
MARKET CAP(Cr.) 34,961.00
FACE VALUE 1.00
EQ SHARE O/S 96.1 Cr.
EV (Crore) 32883.6
BOOK VALUE 92.91
Stock PE 21.73
52 WEEK HIGH 540.75
52 WEEK LOW 288.30
COMPANY SHAPSHOT
KNR is a road focused EPC player with over two
decades of experience. The company has
successfully executed more than ~6000 km road
projects across 12 states in India over the last 20
years. KNR enjoys a reputation of completing
projects on time/ahead of schedule as its bidding
strategy is focused on the following parameters:
•Project selection: It bids for projects funded by
central government. In case of state government
projects, it ensures these projects have funding
support from a multilateral agency viz. ADB and
World Bank
• Resources ownership: It focuses on owning
resources for timely raw material availability. KNR
possesses a higher fleet of equipment than its peers
and it also has its own quarrying mines at more than
90% of the project sites.
Project proximity: For efficient mobilisation of
equipment, KNR focuses on bidding projects that are
in proximity to areas where the company’s ongoing
projects are getting completed
Focus on profitability of project and
• Limited number of projects: Focus on limited but
large ticket size projects for conscious and close
monitoring on each project under execution
11. Research Desk – Stock Quint
28 SEPTEMBER 2019
1
STOCK ANALYSIS- MONTHLY
Fundamental Stocks Pick
Zee Ltd
Valuation and Outlook
At the CMP, KNR is trading at attractive valuations of 5.6x FY21E EV/EBITDA and 11.8x FY21E
EPS. The company is a focused road based EPC player that enjoys a strong execution track
record with the reputation of completing projects on time/ahead of the schedule. KNR also
enjoys best in class WC cycle with very healthy balance sheet and strong return ratio (RoCE:
19.0% & RoE: 18.6%). Revenues and PAT have grown at a CAGR of 20.7% and
34.0%, respectively, in FY14-19.
Going ahead, with a healthy orderbook, and strong execution on captive as well as shorter
duration irrigation projects, we expect KNR’s execution to pick up and expect its revenues to
grow at 19.1% CAGR in FY19-21E.
Hence, we initiate coverage on KNR Construction with a BUY recommendation and an SoTP
based target price of | 300/ share. We value its core EPC business at | 272/share (7x FY21E
EV/EBITDA, implying 15.8x FY21 fully tax adjusted EPS). We also value its equity investment in
BOT & HAM business at | 38/share (0.8x P/BV).
12. Research Desk – Stock Quint
28 SEPTEMBER 2019
1
STOCK ANALYSIS- MONTHLY
Fundamental Stocks Pick
2) BANK OF BARODA
COMPANY PROFILE
CMP 112.35
TARGET 126
Upside 16%
NSE CODE BANKBARODA
BSE CODE 532134
MARKET CAP(Cr.) 43295 Cr.
FACE VALUE 2.00
EQ SHARE O/S 384.67 Cr.
EV (Crore) 679866.30
BOOK VALUE 129.86
Stock PE 32.66
52 WEEK HIGH 157.50
52 WEEK LOW 90.70
COMPANY SHAPSHOT
Bank of Baroda (BoB) reported its 1QFY20 results
Hexaware is a provider of IT & BPO services with a
major presence in banking & financial services
(42.8% of topline) followed by healthcare &
insurance (17.8%), manufacturing & consumer
(15.3%) and travel & tourism (11.1%).
The company has a strategy of:
i) Automate Everything,
ii) Cloudify Everything
iii) Transform Customer Experience.
Hexaware believes this strategy is highly
differentiated and sets the stage for growth in the
long term. Based on its strategy, it has been able to
grow its rupee revenue, PAT at a CAGR of
14.7%, 18.3%, respectively, in CY16-18.
Further, the acquisition of Mobiquity will boost
revenue growth to 19.5% YoY in CY19E. Along with
strong client relationships and execution
capabilities, we expect dollar revenues to increase
at a CAGR of 17% in CY18-20E.
Attrition remains a key concern for the
company, which will have a bearing on its utilisation
and margins. However, the company is trying to
maintain its utilisation at optimum levels and curb
attrition to keep revenue, margin momentum intact
13. Research Desk – Stock Quint
28 SEPTEMBER 2019
1
STOCK ANALYSIS- MONTHLY
Fundamental Stocks Pick
BANK OF BARODA
Valuation and Outlook
Hexaware is expected to register organic growth of 13.0% in CY19E, which is industry leading
growth.
In addition, we expect higher offshoring (due to drawdown in its top client), lower
subcontracting cost, higher organic growth and currency tailwind to boost margins.
Consequently, the company is expected to register rupee revenue and PAT CAGR of 19.9% and
16.9% over CY18-20E, respectively.
Considering the robust growth, we have a HOLD rating on Hexaware and assign a P/E multiple
of ~16x (PEG of 0.9) leading to a target price of | 440/share.
14. Research Desk – Stock Quint
28 SEPTEMBER 2019
1
STOCK ANALYSIS- MONTHLY
Technical Stocks Pick
TINPLATE COMPANY
TECHNICAL CHART
The stock has registered a breakout above the falling channel containing the entire previous decline of
the last four months signalling resumption of up move and provides fresh entry opportunity
The immediate support for the stock is placed at | 116-120 levels as it is the confluence of the 38.2%
retracement of the current up move (| 97 to 134) and the upper band of the recent channel breakout
area placed around | 118 levels as seen in the adjacent chart
The recent breakout from the falling channel is supported by strong volume of more than three times
the 200 days average volume of 3.5 lakhs share per day signalling larger participation at the breakout
area
We expect the stock to continue with its current up move and head towards | 144 levels as it is the
61.8% retracement of the previous decline (| 174 to 88) and the almost identical high of July and
August 2019 placed at | 144 levels
15. Research Desk – Stock Quint
28 SEPTEMBER 2019
1
STOCK ANALYSIS- MONTHLY
Technical Stocks Pick
KOTAK MAHINDRA BNK
TECHNICAL CHART
The stock has given a strong recovery from its recent low by taking a support around its rising trend-
line and is trading in a bullish higher top higher bottom chart structure.
It also given breakout of consolidation at resistance level and consolidated above the resistance level
Tracking the derivative data points, the stock added fresh open interest along with a rise in the
underlying price, clearly indicating a buildup of long positions.
16. Research Desk – Stock Quint
28 SEPTEMBER 2019
1
DERIVATIVE OUTLOOK
FOR SEP 2019 CONTRACT
The Nifty consolidated near 11500 after witnessing an up move of almost 1000 points of in two
sessions. September expiry saw the Nifty closing above the newly formed highest Put base of 11500
The noticeable Put base after 11500 is placed only at 11000, which means Put writers are sceptical of
writing closer strikes other than 11500. The noticeable Call base is also placed at 11500, which
means the Nifty may enter into short-term consolidation with immediate support at 11400.
Hence, short strangles can be done for the coming weekly expiry considering the holiday on October
Stocks from sectors like NBFCs, private banking and FMCG are likely to remain in the limelight
considering the short covering pattern seen in these spaces
As IT stocks are witnessing profit booking, the Nifty is being supported by private banking
heavyweights. This may result in a further decline in volatility, which has cooled off from 18% to
16%.
17. The information and views in this website & all the services we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that
suits them the most.
Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and on sources that we consider reliable.
We, however, do not vouch for the consistency or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred due to it & take no responsibility whatsoever for any financial
profits or loss which may arise from the recommendations above.
Investment bulls does not purport to be an invitation or an offer to buy or sell any financial instrument. Analyst or any person related to investment bulls might be holding positions in the stocks recommended.
Our clients (paid or unpaid), any third party or anyone else have no rights to forward or share our calls or sms or reports or any information provided by us to/with anyone which is received directly or indirectly by them. If found so
then serious legal actions can be taken.
By accessing Stock Quint.Com or any of its associate/group sites, you have read, understood and agree to be legally bound by the terms of the following disclaimer and user agreement.
Stock Quint.Com has taken due care and caution in compilation of data for its web site. The views and investment tips expressed by investment experts on Stock Quint.Com are their own, and not that of the website or its
management. Stock Quint.Com advises users to check with certified experts before taking any investment decision. However, Stock Quint.Com does not guarantee the consistency, adequacy or completeness of any information and
is not responsible for any errors or omissions or for the results obtained from the use of such information. Stock Quint.Com especially states that it has no financial liability whatsoever to any user on account of the use of
information provided on its website.
Stock Quint.Com is not responsible for any errors, omissions or representations on any of our pages or on any links on any of our pages. Stock Quint.Com does not endorse in anyway any advertisers on our web pages. Please verify
the veracity of all information on your own before undertaking any alliance.
The information on this website is updated from time to time. Stock Quint.Com however excludes any warranties (whether expressed or implied), as to the quality, consistency, efficacy, completeness, performance, fitness or any
of the contents of the website, including (but not limited) to any comments, feedback and advertisements contained within the site.
This website contains material in the form of inputs submitted by users and Stock Quint.Com accepts no responsibility for the content or consistency of such content nor does Stock Quint.Com make any representations by virtue of
the contents of this website in respect of the existence or availability of any goods and services advertised in the contributory sections. Stock Quint.Com makes no warranty that the contents of the website are free from infection
by viruses or anything else which has contaminating or destructive properties and shall have no liability in respect thereof.
Part of this website contains advertising and other material submitted to us by third parties. Kindly note that those advertisers are responsible for ensuring that material submitted for inclusion on the website complies with all legal
requirements. Although acceptance of advertisements on the website is subject to our terms and conditions which are available on request, we do not accept liability in respect of any advertisements.
This website will contain articles contributed by several individuals. The views are exclusively their own and do not necessarily represent the views of the website or its management. The linked sites are not under our control and
we are not responsible for the contents of any linked site or any link contained in a linked site, or any changes or updates to such sites. Stock Quint.Com is providing these links to you only as a convenience, and the inclusion of any
link does not imply endorsement by us of the site.
There are risks associated with utilizing internet and short messaging system (sms) based information and research dissemination services. Subscribers are advised to understand that the services can fail due to failure of
hardware, software, and internet connection. While we ensure that the messages are delivered in time to the subscribers mobile network, the delivery of these messages to the customer's mobile phone/handset is the
responsibility of the customer's mobile network. Sms may be delayed and/or not delivered to the customer's mobile phone/handset on certain days, owing to technical reasons and Stock Quint.Com cannot be held responsible for
the same.
Stock Quint.Com hereby expressly disclaims any implied warranties imputed by the laws of any jurisdiction. We consider ourselves and intend to be subject to the jurisdiction only of the court of chennai in india. If you don't agree
with any of our disclaimers above please do not read the material on any of our pages. This site is specifically for users in the territory of india. Although the access to users outside india is not denied, Stock Quint.Com shall have no
legal liabilities whatsoever in any laws of any jurisdiction other than india. We reserve the right to make changes to our site and these disclaimers, terms, and conditions at any time.
Stock trading is inherently risky and you agree to assume complete and full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital. None of the stock trading calls made by
Stock Quint.Com and gro up companies associated with it should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by Stock Quint.Com, group companies associated with it
and employees/owners are for information purposes only and under no circumstances should be used for actual trading. Under no circumstances should any person at this site make trading decisions based solely on the
information discussed herein. We are not a qualified financial advisor and you should not construe any information discussed herein to constitute investment advice. It is informational in nature.
You should consult a qualified broker or other financial advisor prior to making any actual investment or trading decisions. You agree to not make actual stock trades based on comments on the site, nor on any techniques
presented nor discussed in this site or any other form of information presentation. All information is for educational and informational use only. You agree to consult with a registered investment advisor, which we are not, prior to
making any trading decision of any kind. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. No representation is
being made that any account will or is likely to achieve profits or losses similar to those shown.
Stock Quint.Com operates a real time chat room intended to provide a private forum for users to exchange information and to discuss various investing techniques. You agree, by accessing this or any associated site, Stock
Quint.Com bears no liability for any postings on the website or actions of associate site. We reserve the right to deny service to anyone. You, and not Stock Quint.Com, assume the entire cost and risk of any trading you choose to
undertake. You are solely responsible for making your own investment decisions. If you choose to engage in such transactions with or without seeking advice from a licensed and qualified financial advisor or entity, then such
decision and any consequences flowing there from are your sole responsibility. The information and commentaries are not meant to be an endorsement or offering of any stock purchase. They are meant to be a guide only, which
must be tempered by the investment experience and independent decision making process of the subscriber. Stock Quint.Com or any employees are in no way liable for the use of the information by others in investing or trading in
investment vehicles utilizing the principles disclosed herein. Stock Quint.Com or any of its employees do not represent themselves as acting in the position of an investment advisor or investment manager for the use of the
information in this service. The materials and information in, and provided by, this site are not, and should not be construed as an offer to buy or sell any of the securities named in materials, services, or on-line postings.
We encourage all investors to use the information on the site as a resource only to further their own research on all featured companies, stocks, sectors, markets and information presented on the site. Nothing published on this
site should be considered as investment advice.
Stock Quint.Com, its management, its associate companies and/or their employees take no responsibility for the veracity, validity and the correctness of the expert recommendations or other information or research. Although we
attempt to research thoroughly on information provided herein, there are no guarantees in consistency. The information presented on the site has been gathered from various sources believed to be providing correct information.
Stock Quint.Com, group, companies, associates and/or employees are not responsible for errors, inaccuracies if any in the content provided on the site. Any prediction made on the direction of the stock market or on the direction
of individual stocks may prove to be incorrect. Users/visitors are expected to refer to other investment resources to verify the consistency of the data posted on this site on their own.
Stock Quint.Com does not represent or endorse the consistency or reliability of any of the information, conversation, or content contained on, distributed through, or linked, downloaded or accessed from any of the services
contained on this website (hereinafter, the "service"), nor the quality of any products, information or other materials displayed, purchased, or obtained by you as a result of any other information or offer by or in connection with
the service.
Neither Stock Quint.Com nor its principals, agents, associates or employees, are licensed to provide investment advice. No materials in Stock Quint.Com, either on behalf of Stock Quint.Com or any site host, or any participant in
Stock Quint.Com or any of its associated sites should be taken as investment advice directly, indirectly, implicitly, or in any manner whatsoever, including but not limited to trading of stocks on a short term or long term basis, or
trading of any financial instruments whatsoever. Past performance is not an indicator of future returns. All the analyst commentary provided on Stock Quint.Com is provided for information purposes only. This information is not a
recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on Stock Quint.Com is governed by these terms and conditions of use. This material is based upon information that we
consider reliable, but we do not represent that it is consistent or complete, and that it should be relied upon, as such. You should not rely solely on the information in making any investment. Rather, you should use the information
only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. By using Stock Quint.Com including any software and content contained therein, you agree
that use of the service is entirely at your own risk. Stock Quint.Com is not a registered investment advisor or a broker dealer. You understand and acknowledge that there is a very high degree of risk involved in trading securities.
Past results of any trader published on this website are not an indicator of future returns by that trader, and are not an indicator of future returns which be realized by you. Any information, opinions, advice or offers posted by any
person or entity logged in to Stock Quint.Com or any of its associated sites is to be construed as public conversation only. Stock Quint.Comm makes no warranties and gives no assurances regarding the
truth, timeliness, reliability, or good faith of any material posted on Stock Quint.Com. Stock Quint.Com does not warranties that trading methods or systems presented in their services or the information herein, or obtained from
advertisers or members will result in profits or losses.
Any surfing and reading of the information is the acceptance of this disclaimer.
All rights reserved.
5
DISCLAIMER