Lupin reported a 47.5% rise in net profit for the fourth quarter of fiscal year 2016, beating analyst estimates. Higher drug sales in the US, Lupin's largest market, drove growth. Total income increased 35.9% during the quarter.
Technical analysis indicates Lupin stock has broken above a strong resistance level and its 50-day moving average, suggesting an upward trend over the short to medium term. The analyst recommends buying the stock between Rs. 1645-1655, targeting Rs. 1688, with a stop loss of Rs. 1628.
Technical analysis also finds Rajshree Sugars stock has formed a bearish double top pattern and recommends selling between Rs. 47
The document provides a daily market summary and analysis from an Indian brokerage firm. It discusses movements in the US, Asian, and Indian markets. The US Fed raised interest rates and hinted at three more hikes in 2017. Asian stocks were mixed in response to higher US rates. In India, specific stocks like Maruti Suzuki, Cipla, and Wipro were discussed. Technical analysis was provided for Hindustan Zinc and Titan, recommending buy and sell signals respectively based on chart patterns and indicators. Upcoming corporate actions and bulk deals were also summarized.
The document provides a market summary and analysis from Choice Broking for January 11, 2017. It discusses the performance of US, Asian, and Indian markets the previous day. It also mentions the World Bank lowering its growth forecast for India to 7% and potential corporate actions and results. Choice Broking provides technical analysis and recommendations to buy two stocks, KESORAMIND and APOLLOTYRE, based on chart patterns and momentum indicators.
The document provides a summary of US, Asian, and Indian stock market performance on the last trading day of 2016. It also discusses key corporate news in India, including a proposed corporate tax rate cut and auto sales figures for December. Two stocks, HCC and Adanient, are recommended as buy opportunities based on technical analysis showing increased buying volume and momentum indicators signaling more positive momentum.
The document provides a morning tea report from SEBI Registered Choice Broking dated December 26th, 2016. It includes the following:
- A summary of the performance of US and Asian markets on Friday. The Dow Jones closed slightly higher while Asian markets were mixed.
- Recommendations to sell two stocks, MOTHERSON and PFC, based on technical analysis showing weakness.
- Details of bulk deals and upcoming corporate actions and earnings releases.
- Contact information for the research team at Choice Broking and a disclaimer.
The document provides a daily market summary and analysis for March 10th, 2017. It discusses the performance of world markets including the US, Asia, and India. It also provides technical analysis recommendations to buy two Indian stocks (PIIND and ITDCEM) based on chart patterns and indicators. In addition, it lists upcoming corporate actions and results calendars.
Lupin reported a 47.5% rise in net profit for the fourth quarter of fiscal year 2016, beating analyst estimates. Higher drug sales in the US, Lupin's largest market, drove growth. Total income increased 35.9% during the quarter.
Technical analysis indicates Lupin stock has broken above a strong resistance level and its 50-day moving average, suggesting an upward trend over the short to medium term. The analyst recommends buying the stock between Rs. 1645-1655, targeting Rs. 1688, with a stop loss of Rs. 1628.
Technical analysis also finds Rajshree Sugars stock has formed a bearish double top pattern and recommends selling between Rs. 47
The document provides a daily market summary and analysis from an Indian brokerage firm. It discusses movements in the US, Asian, and Indian markets. The US Fed raised interest rates and hinted at three more hikes in 2017. Asian stocks were mixed in response to higher US rates. In India, specific stocks like Maruti Suzuki, Cipla, and Wipro were discussed. Technical analysis was provided for Hindustan Zinc and Titan, recommending buy and sell signals respectively based on chart patterns and indicators. Upcoming corporate actions and bulk deals were also summarized.
The document provides a market summary and analysis from Choice Broking for January 11, 2017. It discusses the performance of US, Asian, and Indian markets the previous day. It also mentions the World Bank lowering its growth forecast for India to 7% and potential corporate actions and results. Choice Broking provides technical analysis and recommendations to buy two stocks, KESORAMIND and APOLLOTYRE, based on chart patterns and momentum indicators.
The document provides a summary of US, Asian, and Indian stock market performance on the last trading day of 2016. It also discusses key corporate news in India, including a proposed corporate tax rate cut and auto sales figures for December. Two stocks, HCC and Adanient, are recommended as buy opportunities based on technical analysis showing increased buying volume and momentum indicators signaling more positive momentum.
The document provides a morning tea report from SEBI Registered Choice Broking dated December 26th, 2016. It includes the following:
- A summary of the performance of US and Asian markets on Friday. The Dow Jones closed slightly higher while Asian markets were mixed.
- Recommendations to sell two stocks, MOTHERSON and PFC, based on technical analysis showing weakness.
- Details of bulk deals and upcoming corporate actions and earnings releases.
- Contact information for the research team at Choice Broking and a disclaimer.
The document provides a daily market summary and analysis for March 10th, 2017. It discusses the performance of world markets including the US, Asia, and India. It also provides technical analysis recommendations to buy two Indian stocks (PIIND and ITDCEM) based on chart patterns and indicators. In addition, it lists upcoming corporate actions and results calendars.
- Kotak Mahindra Bank expects 20% credit growth during the current fiscal year, up from 14-15% last year. A senior executive said corporate credit off-take has been slow but is expected to rise in the second half as interest rates fall and the economy improves.
- The document provides technical analysis on Kotak Mahindra Bank and IDBI Bank stocks, recommending a buy on Kotak Bank and sell on IDBI Bank based on technical indicators.
- The government is working on selling its stake in IDBI Bank and a decision may be taken in the current fiscal year, according to IDBI Bank's managing director.
The document provides a daily market summary and analysis from Choice Broking. It discusses the declines in US markets on Thursday due to weakness in retailers and a report showing slower than expected consumer spending growth. It also notes subdued trading in Asian markets on Friday as Wall Street took a breather from recent gains. In India, it discusses various corporate actions and recommends two stocks for trading - buying ALLCARGO for a target of 180 and selling JINDALSTEL for a target of 64.
The document summarizes market news from the US, Asia, and India. It discusses declines in the US markets due to disappointing sales reports from retailers. It also notes mixed trading in Asian markets and mentions specific Indian news stories on the budget session, Jio user retention, and company deals. The remainder provides technical analysis recommendations to buy two Indian stocks, Coromandel and Sundrmfast, based on chart patterns and indicators.
The document provides a summary of global and Indian stock market activity as well as news from several Indian companies. In the US, stock markets rose as investors expected pro-business policies from President-elect Trump. Japanese shares also rose on a weaker yen. In India, the equity market is expected to open flat to positive tracking Asian markets. Several companies including GMR, Tatas, ONGC, Cairn India, Balrampur Chini, and HDFC made announcements. Technical recommendations were given to buy two stocks, Snowman Logistics and Prism Cement.
Union Minister Piyush Goyal said that Coal India Ltd has set a target of producing 1 billion tons of coal. Currently, power shortage in India has decreased to 2.1% from 4.2%. Goyal was participating in events marking the completion of 2 years of the NDA government. The document also provides recommendations to buy certain stocks based on technical analysis and updates on corporate actions and results calendar for various companies.
The document provides a daily technical analysis and outlook for the Nifty 50 and Bank Nifty indices in the Indian stock market. It notes that the Nifty may open flat around 8,200 levels and is expected to consolidate in the range of 8,160 to 8,230. Bank Nifty is seen finding resistance at 18,158-18,175 and support at 17,710-17,764, with a bearish bias expected till 17,830. Technical indicators and patterns are analyzed on daily and weekly charts for both indices. Individual stock recommendations are also provided based on technical factors.
Choicebroking: #Morningtea: Wall Street sold off on Tuesday as investors boosted their bets on the Federal Reserve raising rates later this year, while Home Depot dragged on indexes following its quarterly report.
World markets posted their largest drop in 2017 as investors worried that Trump's immigration policies were not market-friendly. Technology stocks weighed on indices as the sector has opposed restrictions. Asian shares fell on Tuesday as Trump's travel ban brought attention to his plans to enact radical campaign promises. Indian markets are expected to open lower tracking declines in Asian indices. Several Indian companies announced quarterly results, board meetings, and corporate actions in the coming days.
The document summarizes global and Asian market activity as well as providing analysis and recommendations for two Indian stocks - JKTYRE and GSFC. Global markets fell as oil prices dropped and health sector shares fluctuated due to a report on loss of medical insurance under Republican healthcare plans. Asian markets opened slightly lower awaiting central bank decisions. The Indian market is expected to open flat. Technical analysis is provided recommending buying JKTYRE and GSFC based on chart patterns and momentum indicators.
The document provides a daily market summary and analysis from an Indian stock brokerage firm. It discusses the performance of key global markets, including a small gain in the US and flat trading in Asia. It also notes several domestic Indian news stories and provides technical analysis on two Indian stocks, recommending buy signals. The summary focuses on the key market updates and trading recommendations.
- US and Asian stock markets pulled back on Monday due to concerns over Trump administration turmoil and geopolitical tensions with North Korea.
- Investors are also watching an expected interest rate hike by the US Federal Reserve next week.
- The document provides recommendations to "Buy" the stocks Suprajit and Kolte-Patil based on technical analysis showing positive momentum and trading above moving averages.
- It also includes a corporate action/results calendar and information on global markets, Indian markets, and various company-related news.
The document provides a summary of global and Indian stock market activity. It notes that Wall Street fell on Friday due to losses in Exxon and JPMorgan Chase as investors weighed corporate earnings reports. Asian shares were steady on Monday as investors looked to upcoming US economic policies. The Indian market is expected to open flat, tracking Asian indices. It also provides recommendations to buy two Indian stocks, INDIANB and GSFC, based on technical analysis showing positive momentum.
ITC will invest Rs 4,000 crore over the next 2-3 years to set up 8-9 new food processing factories across India. ITC's food business grew 11% last year and is the company's second largest segment after cigarettes. The company is looking to tap growing demand from health conscious consumers by expanding its new biscuit line. Separately, DLF's promoters will inject Rs 10,000 crore into the real estate developer by selling their stake in DLF's rental business for Rs 12,000-13,000 crore and using the funds to repay debt.
Private lender City Union Bank today reported a 13.36% increase in net profits to Rs 112.23 crore for the quarter ended March 31, 2016 compared to the same period last year. Total income also increased during this period. For the full fiscal year, the bank's net profit grew 12.57% to Rs 444.69 crore. An arbitration tribunal has directed state-owned Steel Authority of India (SAIL) to pay about $48 million to Essar for illegally terminating a contract and causing damages. Wall Street ended lower on concerns that the US Federal Reserve could raise interest rates sooner than expected based on comments from some Fed officials. The Indian equity market is likely to open lower today tracking weakness in
1) Motherson Sumi Systems announced that its board will meet next week to evaluate various fund raising options including a capital issuance. No other details were provided.
2) IRB Infrastructure Developers was awarded a Rs. 2,100 crore contract from NHAI for a six-laning highway project in Rajasthan and Gujarat.
3) US GDP growth in Q2 came in lower than expected at 1.2%, reducing expectations of a near-term rate hike by the US Federal Reserve and weakening the US dollar.
The document summarizes market news from around the world and India. It discusses declines in the US stock market due to proposals in Trump's budget that may increase healthcare costs. It also notes that Asian stocks crept higher following the Fed's interest rate decision. In India, the market is expected to open flat tracking Asian markets. The document also provides recommendations to buy two Indian stocks, Nitinfire and Hindzinc, based on technical analysis.
The document provides a market summary and analysis from Choice Broking. It discusses the performance of US, Asian, and Indian markets. The US market slipped as some company results disappointed. Asian shares also fell following the US. The Indian market is expected to open lower tracking Asian indices. It also provides recommendations to buy two Indian stocks, KPIT and STCINDIA, based on technical analysis showing positive momentum.
1) The Australian Prime Minister said there is no public funding for Adani's $21.7 billion coal mine project in Australia and that he takes climate change seriously.
2) Technical analysis recommends selling Adani Enterprises between Rs. 72.05-72.5, targeting Rs. 70.
3) Mahindra & Mahindra plans to double its tractor revenue in the US and Canada to $1 billion in the next 3-4 years.
- Wall Street ended mixed on Wednesday as investors focused on President Trump's struggles to pass healthcare reform through Congress, raising concerns about his ability to enact other pro-growth policies like tax cuts.
- Asian stocks rose on Thursday following Wall Street's rebound, while the US dollar crept up from a four-month low amid ongoing uncertainty around Trump's agenda.
- The document provides recommendations to buy two Indian stocks, JKIL and SCHNEIDER, based on technical analysis showing positive trends and momentum in their share prices.
Godrej Properties announced plans to develop a 370,000 square meter golf-centric township in Greater Noida. Technical analysis indicates Godrej Properties stock could be bought between Rs. 338-340, with a target price of Rs. 347. GMR Infrastructure was awarded two packages for the Eastern Dedicated Freight Corridor project worth 221 km. Technical analysis recommends buying GMR Infrastructure between Rs. 11.20-11.50, targeting Rs. 12.10. US stocks ended higher after comments from Janet Yellen eased rate hike fears, while Indian markets rallied to 7-month highs following the RBI policy statement indicating possible future rate cuts.
Strides Shasun reported a consolidated net profit of Rs 96.22 crore for the fourth quarter of FY2016, up from Rs 11.4 crore in the same period of the previous fiscal year. Technical analysis indicates the stock could rise further from current levels. Dena Bank reported a net loss of Rs 326.39 crore for the fourth quarter, down from a net profit of Rs 55.82 crore a year ago, as provisions for bad loans rose sharply. US stocks fell on Friday as lower oil prices weighed on energy stocks and disappointing results from retailers added pressure. Asian markets are trading higher on Monday on expectations of a steady start to trading in India.
- Petronet LNG reported a 20% decline in net profit to Rs. 239 crore for Q4 FY2016 compared to Rs. 300 crore in Q4 FY2015, despite getting LNG from Qatar at cheaper rates. Revenue also fell 15.1% to Rs. 6,065 crore.
- Technical outlook for Petronet LNG is bearish, suggesting the stock may fall from current levels.
- Voltas reported a 49.5% rise in consolidated net profit to Rs. 176 crore for Q4 FY2016 compared to Rs. 118 crore a year ago. Revenue grew 27.4% to Rs. 1,936 crore.
- Kotak Mahindra Bank expects 20% credit growth during the current fiscal year, up from 14-15% last year. A senior executive said corporate credit off-take has been slow but is expected to rise in the second half as interest rates fall and the economy improves.
- The document provides technical analysis on Kotak Mahindra Bank and IDBI Bank stocks, recommending a buy on Kotak Bank and sell on IDBI Bank based on technical indicators.
- The government is working on selling its stake in IDBI Bank and a decision may be taken in the current fiscal year, according to IDBI Bank's managing director.
The document provides a daily market summary and analysis from Choice Broking. It discusses the declines in US markets on Thursday due to weakness in retailers and a report showing slower than expected consumer spending growth. It also notes subdued trading in Asian markets on Friday as Wall Street took a breather from recent gains. In India, it discusses various corporate actions and recommends two stocks for trading - buying ALLCARGO for a target of 180 and selling JINDALSTEL for a target of 64.
The document summarizes market news from the US, Asia, and India. It discusses declines in the US markets due to disappointing sales reports from retailers. It also notes mixed trading in Asian markets and mentions specific Indian news stories on the budget session, Jio user retention, and company deals. The remainder provides technical analysis recommendations to buy two Indian stocks, Coromandel and Sundrmfast, based on chart patterns and indicators.
The document provides a summary of global and Indian stock market activity as well as news from several Indian companies. In the US, stock markets rose as investors expected pro-business policies from President-elect Trump. Japanese shares also rose on a weaker yen. In India, the equity market is expected to open flat to positive tracking Asian markets. Several companies including GMR, Tatas, ONGC, Cairn India, Balrampur Chini, and HDFC made announcements. Technical recommendations were given to buy two stocks, Snowman Logistics and Prism Cement.
Union Minister Piyush Goyal said that Coal India Ltd has set a target of producing 1 billion tons of coal. Currently, power shortage in India has decreased to 2.1% from 4.2%. Goyal was participating in events marking the completion of 2 years of the NDA government. The document also provides recommendations to buy certain stocks based on technical analysis and updates on corporate actions and results calendar for various companies.
The document provides a daily technical analysis and outlook for the Nifty 50 and Bank Nifty indices in the Indian stock market. It notes that the Nifty may open flat around 8,200 levels and is expected to consolidate in the range of 8,160 to 8,230. Bank Nifty is seen finding resistance at 18,158-18,175 and support at 17,710-17,764, with a bearish bias expected till 17,830. Technical indicators and patterns are analyzed on daily and weekly charts for both indices. Individual stock recommendations are also provided based on technical factors.
Choicebroking: #Morningtea: Wall Street sold off on Tuesday as investors boosted their bets on the Federal Reserve raising rates later this year, while Home Depot dragged on indexes following its quarterly report.
World markets posted their largest drop in 2017 as investors worried that Trump's immigration policies were not market-friendly. Technology stocks weighed on indices as the sector has opposed restrictions. Asian shares fell on Tuesday as Trump's travel ban brought attention to his plans to enact radical campaign promises. Indian markets are expected to open lower tracking declines in Asian indices. Several Indian companies announced quarterly results, board meetings, and corporate actions in the coming days.
The document summarizes global and Asian market activity as well as providing analysis and recommendations for two Indian stocks - JKTYRE and GSFC. Global markets fell as oil prices dropped and health sector shares fluctuated due to a report on loss of medical insurance under Republican healthcare plans. Asian markets opened slightly lower awaiting central bank decisions. The Indian market is expected to open flat. Technical analysis is provided recommending buying JKTYRE and GSFC based on chart patterns and momentum indicators.
The document provides a daily market summary and analysis from an Indian stock brokerage firm. It discusses the performance of key global markets, including a small gain in the US and flat trading in Asia. It also notes several domestic Indian news stories and provides technical analysis on two Indian stocks, recommending buy signals. The summary focuses on the key market updates and trading recommendations.
- US and Asian stock markets pulled back on Monday due to concerns over Trump administration turmoil and geopolitical tensions with North Korea.
- Investors are also watching an expected interest rate hike by the US Federal Reserve next week.
- The document provides recommendations to "Buy" the stocks Suprajit and Kolte-Patil based on technical analysis showing positive momentum and trading above moving averages.
- It also includes a corporate action/results calendar and information on global markets, Indian markets, and various company-related news.
The document provides a summary of global and Indian stock market activity. It notes that Wall Street fell on Friday due to losses in Exxon and JPMorgan Chase as investors weighed corporate earnings reports. Asian shares were steady on Monday as investors looked to upcoming US economic policies. The Indian market is expected to open flat, tracking Asian indices. It also provides recommendations to buy two Indian stocks, INDIANB and GSFC, based on technical analysis showing positive momentum.
ITC will invest Rs 4,000 crore over the next 2-3 years to set up 8-9 new food processing factories across India. ITC's food business grew 11% last year and is the company's second largest segment after cigarettes. The company is looking to tap growing demand from health conscious consumers by expanding its new biscuit line. Separately, DLF's promoters will inject Rs 10,000 crore into the real estate developer by selling their stake in DLF's rental business for Rs 12,000-13,000 crore and using the funds to repay debt.
Private lender City Union Bank today reported a 13.36% increase in net profits to Rs 112.23 crore for the quarter ended March 31, 2016 compared to the same period last year. Total income also increased during this period. For the full fiscal year, the bank's net profit grew 12.57% to Rs 444.69 crore. An arbitration tribunal has directed state-owned Steel Authority of India (SAIL) to pay about $48 million to Essar for illegally terminating a contract and causing damages. Wall Street ended lower on concerns that the US Federal Reserve could raise interest rates sooner than expected based on comments from some Fed officials. The Indian equity market is likely to open lower today tracking weakness in
1) Motherson Sumi Systems announced that its board will meet next week to evaluate various fund raising options including a capital issuance. No other details were provided.
2) IRB Infrastructure Developers was awarded a Rs. 2,100 crore contract from NHAI for a six-laning highway project in Rajasthan and Gujarat.
3) US GDP growth in Q2 came in lower than expected at 1.2%, reducing expectations of a near-term rate hike by the US Federal Reserve and weakening the US dollar.
The document summarizes market news from around the world and India. It discusses declines in the US stock market due to proposals in Trump's budget that may increase healthcare costs. It also notes that Asian stocks crept higher following the Fed's interest rate decision. In India, the market is expected to open flat tracking Asian markets. The document also provides recommendations to buy two Indian stocks, Nitinfire and Hindzinc, based on technical analysis.
The document provides a market summary and analysis from Choice Broking. It discusses the performance of US, Asian, and Indian markets. The US market slipped as some company results disappointed. Asian shares also fell following the US. The Indian market is expected to open lower tracking Asian indices. It also provides recommendations to buy two Indian stocks, KPIT and STCINDIA, based on technical analysis showing positive momentum.
1) The Australian Prime Minister said there is no public funding for Adani's $21.7 billion coal mine project in Australia and that he takes climate change seriously.
2) Technical analysis recommends selling Adani Enterprises between Rs. 72.05-72.5, targeting Rs. 70.
3) Mahindra & Mahindra plans to double its tractor revenue in the US and Canada to $1 billion in the next 3-4 years.
- Wall Street ended mixed on Wednesday as investors focused on President Trump's struggles to pass healthcare reform through Congress, raising concerns about his ability to enact other pro-growth policies like tax cuts.
- Asian stocks rose on Thursday following Wall Street's rebound, while the US dollar crept up from a four-month low amid ongoing uncertainty around Trump's agenda.
- The document provides recommendations to buy two Indian stocks, JKIL and SCHNEIDER, based on technical analysis showing positive trends and momentum in their share prices.
Godrej Properties announced plans to develop a 370,000 square meter golf-centric township in Greater Noida. Technical analysis indicates Godrej Properties stock could be bought between Rs. 338-340, with a target price of Rs. 347. GMR Infrastructure was awarded two packages for the Eastern Dedicated Freight Corridor project worth 221 km. Technical analysis recommends buying GMR Infrastructure between Rs. 11.20-11.50, targeting Rs. 12.10. US stocks ended higher after comments from Janet Yellen eased rate hike fears, while Indian markets rallied to 7-month highs following the RBI policy statement indicating possible future rate cuts.
Strides Shasun reported a consolidated net profit of Rs 96.22 crore for the fourth quarter of FY2016, up from Rs 11.4 crore in the same period of the previous fiscal year. Technical analysis indicates the stock could rise further from current levels. Dena Bank reported a net loss of Rs 326.39 crore for the fourth quarter, down from a net profit of Rs 55.82 crore a year ago, as provisions for bad loans rose sharply. US stocks fell on Friday as lower oil prices weighed on energy stocks and disappointing results from retailers added pressure. Asian markets are trading higher on Monday on expectations of a steady start to trading in India.
- Petronet LNG reported a 20% decline in net profit to Rs. 239 crore for Q4 FY2016 compared to Rs. 300 crore in Q4 FY2015, despite getting LNG from Qatar at cheaper rates. Revenue also fell 15.1% to Rs. 6,065 crore.
- Technical outlook for Petronet LNG is bearish, suggesting the stock may fall from current levels.
- Voltas reported a 49.5% rise in consolidated net profit to Rs. 176 crore for Q4 FY2016 compared to Rs. 118 crore a year ago. Revenue grew 27.4% to Rs. 1,936 crore.
- Vijaya Bank reported a 26% drop in net profit for the fourth quarter ended March 2016 to Rs 71.3 crore due to higher provisioning for worsening asset quality. Provisioning more than doubled to Rs 653.3 crore from Rs 305.5 crore last year.
- Glenmark Pharmaceuticals reported over a 13-fold jump in consolidated net profit to Rs 143.04 crore for the March quarter due to robust sales across all markets including the US, Europe and India. Revenue rose to Rs 2,306.67 crore from Rs 1,775.81 crore in the same period last year.
- US stocks ended mixed with gains in telecom and consumer
- Petrol and diesel prices were increased by 5 paise and Rs 1.26 per litre respectively on June 15th, marking the 4th increase in fuel prices since May 1st.
- Tata Sponge Iron won a bid to receive 24,000 tonnes of coal from Coal India Ltd. Coal constitutes over 80% of Tata Sponge Iron's production costs.
- Indian equity markets are expected to open weak on June 16th following the US Federal Reserve's decision to keep interest rates unchanged and weak US jobs data, alongside mixed views on potential Bank of Japan stimulus.
Gayatri Projects reported a 50.9% rise in net profit to Rs. 16.14 crore for the first quarter ended June 30, 2016 compared to the same period last year. Total income from operations increased 6.75% to Rs. 432.44 crore. Other income rose 90.25% to Rs. 7.42 crore.
Tata Motors reported a 57% fall in April-June quarter profit to Rs. 2,260.4 crore due to adverse foreign exchange impact on its British arm JLR from Brexit.
Most Asian markets slipped while the US dollar held firm after Yellen indicated a US interest rate hike remains possible this year. The Indian market is expected
UltraTech Cement acquired Jaypee Group's cement assets for Rs 16,189 crore. The deal gives UltraTech a total cement capacity of 17.2 MTPA across several states. In addition, UltraTech will pay Rs 470 crore more to complete a pending 4 MTPA cement grinding unit. Bajaj Auto reported a 4% decline in total sales in June to 3,16,969 units due to lower motorcycle and export sales. Technical indicators show the stock may decline further. The market is expected to be range-bound on weak global cues, but all eyes will be on the upcoming cabinet reshuffle in India.
- Havells India reported a 22% rise in net profit for the second quarter ended September 30, 2016 to Rs. 145.79 crore compared to Rs. 119.53 crore during the same period last year. Total income grew 9.8% to Rs. 1,584.63 crore.
- Marksans Pharma received US FDA approval for Paricalcitol capsules used to treat hyperparathyroidism.
- Asian shares edged up after Wall Street gained on encouraging corporate earnings and optimism about upcoming Chinese economic data. The Indian market is expected to open gap up tracking Asian indices.
ITC has shut its cigarette factories again to comply with new regulations requiring pictorial health warnings covering 85% of packaging space, up from 40% previously. This is impacting supplies in the market. The stock is expected to be weak in the near term based on technical indicators. Cairn India is not allowed to export excess crude from its fields in Rajasthan until India achieves energy self-sufficiency, according to the central government. The stock is recommended as a sell based on technical factors. US stocks closed mixed as consumer discretionary shares declined on weak sales reports, while investors await the upcoming jobs report for signals on interest rates. Indian markets are expected to open lower tracking losses in Asia and ahead of the US
- 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
- Andhra Bank reported a 72.14% decline in net profit for the quarter ending March 31, 2016 compared to the same period the previous year, though total income increased 9.05%. For the full year, net profit declined 15.44%.
- Technical analysis recommends selling Idea in the range of 112-113.50 with a target price of 108 and stop loss of 115.50 based on a negative breakout and other technical indicators pointing to weakness.
- The Supreme Court is expected to rule on Wednesday on petitions challenging TRAI's order for telecom operators to compensate consumers Rs. 1 per dropped call daily, up to 3 calls.
Reliance Industries reported an 18.1% rise in net profit for the April-June quarter to Rs. 7,113 crore, driven by higher refining margins. Technical analysis indicates the stock could continue its upward movement. LIC Housing Finance reported a 6.7% rise in net profit for the first quarter to Rs. 407.84 crore, with total income rising 14%. Technical analysis also points to further gains in this stock. Asian markets opened flat ahead of light data week, while the failed coup in Turkey saw the lira tumble against the dollar and euro.
Reliance Industries plans to raise $1.5 billion in foreign currency bonds in two tranches of $1.36 billion and $140 million to refinance existing loans. The bonds will mature in 43 months. Recently, RIL raised $225 million in 10-year bonds bearing an interest rate of 2.512% annually.
State Bank of India cuts its base lending rate by 0.4% to 9.3% following a 0.5% cut in the RBI's repo rate. SBI will also lower deposit rates by 0.25%.
Technical indicators suggest buying Reliance Industries between 837-841 and State Bank of India between 240-242 based on the targets and
The document provides analysis and recommendations on various stocks from a research analyst. It discusses movements in the Jet Airways and Tata Power stocks and provides technical analysis and recommendations to buy or sell the stocks within certain price ranges. It also mentions that Tata Power will acquire Welspun Energy's solar portfolio in a large transaction valued between Rs. 6000-7000 crore. Global market cues are provided, noting Asian markets opened sharply lower due to fears around the upcoming Brexit vote and central bank meetings. The analysis indicates the Indian market will likely open lower on Monday.
- US stocks rose to new record highs on optimism about economic stimulus and tax cuts under President Trump. Unemployment claims fell, pointing to continued economic strength.
- Asian shares were flat but on track for weekly gains. The ECB trimmed its asset purchase program but extended it longer than expected.
- The document provides stock recommendations and analysis for FSL and JAIN IRRIGATION based on technical indicators, and includes a corporate action calendar and disclaimer.
#ChoiceBroking #MorningTea: Global View- Wall Street rose on Friday, clinching the fourth straight positive week for the stock market, boosted by strength in telecom stalwarts
AT&T and Verizon.
- IndiGo has entered into a strategic partnership with Travelport to distribute all of its fares and products worldwide, helping it reach travelers in international markets as it expands its route network.
- The technical outlook suggests buying IndiGo in the range of Rs. 865-870, targeting Rs. 888, with a stop loss of Rs. 856.
- Sunteck Realty reported an over eight-fold jump in quarterly net profit and a rise in total income, with the technical outlook suggesting buying in the range of Rs. 261-263, targeting Rs. 269, with a stop loss of Rs. 258.
- DHFL reported a 29% rise in Q2 net profit to Rs 232.61 crore compared to the same period last year. Revenue increased 19.65% to Rs 2,167.72 crore.
- The technical outlook suggests buying DHFL in the range of 306-308 with a target of 315 and stop loss of 302.50.
- Reliance Jio accused Vodafone and Idea of violating regulations by not providing adequate points of interconnection, resulting in high call failure rates.
- The technical outlook suggests selling Idea in the range of 72-73 with a target of 68.50 and stop loss of 75.35.
- Aurobindo Pharma Ltd reported a 39.4% rise in Q4 net profit to Rs. 563 crore and an 18.5% increase in Q4 revenue to Rs. 3,747 crore. For the full year, net profit rose 28.5% and revenue grew 14.6%.
- Technical outlook indicates Aurobindo Pharma stock could rise further after bouncing back from support and sustaining above its 100 day moving average. The analyst recommends buying at Rs. 780-784 with a target price of Rs. 800.
- BASF India inaugurated a new construction chemicals plant in West Bengal and is expected to produce products under its Master Builders Solutions brand
#ChoiceBroking #MorningTea : Global View: Global View Wall Street rose robustly for a second straight session on Wednesday, helped by higher oil prices and investor becoming more comfortable with the prospect of an interest rate hike as early as next month.
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"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
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The Rise of Generative AI in Finance: Reshaping the Industry with Synthetic DataChampak Jhagmag
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Global View
India Update
Today’s Event/ Stock in News
The bank had posted a standalone net profit of Rs 545.94 crore in the corresponding quarter of previous fiscal, IDBI Bank Ltd said
in a filing to the Bombay Stock Exchange on May 20, 2016. The total income of the Bank too fell by 11.8 per cent at Rs 8,274.58
crore in Q4 FY16, from Rs 9,382.37 crore in Q4 FY15. During the quarter under review, the bank’s gross non-performing assets
significantly rose to 10.98 per cent of total loans, compared with 5.88 per cent in the year-ago quarter. Net NPA of the bank too
grew to 6.78 per cent against 2.88 per cent in corresponding period last year.
Technical Outlook: On daily chart, stock formed dark cloud cover candlestick which is a bearish reversal candlestick and indicates
for bearish reversal movement. Moreover, stock has been trading below its 100 day moving average which is placed at 66.69
level, which shows that short to medium term trend is down. A momentum indicator RSI reading is at 38.64 level with negative
crossover, which point out for negative breath in the stock. So for trading perspective, one could Sell in the range of 64-65 for the
Target of 62 with the SL of 66.
IDBIBANK
BALRAMCHIN
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Morning Tea
23rd May 2016
Buy in the range of 109-110.50 for the Target of 113.5 with the SL of 107.5
Sell in the range of 64-65 for the Target of 62 with the SL of 66
Sugar firm Balrampur Chini Mills Ltd reported a 30 per cent rise in standalone net profit at Rs 98.78 crore for the March quarter,
on better realisation from sale of the sweetener. Its net profit stood at Rs 75.82 crore in the year-ago period, Balrampur Chini
said in a regulatory filing. Total income rose to Rs 777.19 crore in the fourth quarter of last fiscal from Rs 663.79 crore in the
corresponding period of the previous year. Prices of sugar have been rising since October last and crossed Rs 40 a kg.
Technical Outlook : On daily chart, stock has been trading in a higher top higher bottom formation since last many days and it
seems that stock might continue its further upside movement from the present level. Moreover, stock has taken support of its 21
day moving average which is placed at 110.10 level, which shows that near to short term trend is up. A momentum indicator RSI
reading is at 51.86 level with negative crossover, however, RSI has good support of its upward rising trend line, which point out
for positive breath in the stock. So for trading perspective, one could Buy in the range of 109-110.50 for the Target of 113.50 with
the SL of 107.50
The United States issued a fresh warning to Japan against competitive currency devaluation on Saturday, exposing a rift on
exchange-rate policy that overshadowed a Group of 7 finance leaders gathering hosted by the Asian nation. Japan and the United
States are at logger-heads over currency policy with Washington saying Tokyo has no justification to intervene in the market to
stem yen gains, given the currency's moves remain "orderly". In bilateral talks ahead of the second day of G7 talks in Sendai,
Japan on Saturday, U.S. Treasury Secretary Jack Lew told Japanese Finance Minister Taro Aso that it was important to refrain
from competitive currency devaluation. Germany has shown no signs of responding to calls from Japan and the United States to
boost fiscal spending. Washington also warned Tokyo against relying too much on monetary policy with a senior U.S. Treasury
official saying structural reforms are being put in place in Japan "but slowly.
The Indian equity market is expected to post a tepid start, with SGX Nifty trading at 7779.50 up 17.50 points. Asian markets
opened mixed and are indicating a subdued start with the Japanese benchmark index falling from May's high. This was on the
back of a slew of recent comments from the US Federal Reserve about a possible interest rate hike in June. The Dow Jones, in the
US, failed to recover gains for the week after stocks fell amid renewed concerns of a rate hike sooner rather than later. In
European markets, stocks closed higher on Friday, as Wall Street rose after falling earlier in the week. Beyond equities, dollar hit
multi-week highs against yen on hawkish fed bets, while it was only a little changed against the euro after profit-taking.
2. SEBI Certified – Research Analyst www.choiceindia.com
Bulk Deal
SEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
23rd May 2016
Security in Ban
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 20/05/2016 536820 BOSTONTEK PRASAD J K B 200000 9.58
2 20/05/2016 537954 SKP ABHISHEK SINGH B 170000 12.10
3 20/05/2016 537954 SKP SAJEL TRADE HOUSE PRIVATE LIMITED S 135000 12.10
4 20/05/2016 531699 SUPRDOM NEERAJ ARORA S 120691 5.40
5 20/05/2016 536820 BOSTONTEK RAJIV KUMARBHUTARA S 100000 9.58
6 20/05/2016 536820 BOSTONTEK AJAY KUMAR AGARWAL S 100000 9.58
7 20/05/2016 517548 STARLITE SOLARCOPYER LIMITED S 92000 41.05
8 20/05/2016 539884 DARSHANORNA PINALBEN R. SHAH B 78000 60.75
9 20/05/2016 514302 VIPPYSP ASHOK KUMAR BILGAIYAN B 64735 28.28
10 20/05/2016 539884 DARSHANORNA GUINESS SECURITIES LIMITED B 60000 60.17
Corporate Action:
JM Financial Limited; Dividend - Re 0.85/- Per Share
Result Calendar:
20MICRONS, ABAN, ACRYSIL, ADSL, AMRAFIN, ARCHIES, ARIAC, BANSWRAS, BLACKROSE, BPCL,
BUDGE , UDGE, CAMLINFIN, CHENNPETRO, CNOVAPETRO, CUB, DALMIASUG, DION, DISHTV, EMKAY,
ENGINERSIN, EON, GANONTR, GOLDENTOBC, GOODRICKE, GULFPETRO, HCIL, HERITGFOOD,
HITECHPLAS, HKT, HSIL, ICVLSTEELS, IGPL, INDGELA, INDICAP, INRADIA, INTELLADV, INTELLCAP,
JAMSHRI, JAYKAY, JUBLINDS, JYOTHYLAB, KANPRPLA, KAUSHALYA, KKCL, KUSHAL, LXMIATO, LYNMC,
MAHSCOOTER, MANALIPETC, MUKANDLTD, NFL, NIDHGRN, OMKARCHEM, ORIENTBELL, OTCO,
PICTUREHS, PVP, RADHEDE, RADHEY, RAMAVISION, RBL, SAMKRG, SAURASHCEM, SHAILJA,
SHRIRAMEPC, SHYMINV, SIMMOND, SONATSOFTW, SRINACHA, SUNDARAM, SUNILAGR, SURYALA,
SWRNASE, TARAJEWELS, TATAINVEST, TATAPOWER, TEAMLEASE, TRCFIN, TRITON, TTKPRESTIG,
VETO, VIKASECO, VIPPYSP, VISHAL, VRLLOG, WELCORP, WELENT, YOGYA.
Corporate Action / Result Calendar
HDIL, IBREALST & JINDALSTEL
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Disclaimer
This is solely for information of clients of Choice Broking and does not construe to be an investment advice. It is also not intended as an offer or solicitation for the purchase and sale of any financial
instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone and Choice Broking its subsidiaries or its employees or associates will not be liable in
any manner for the consequences of such action taken by you. We have exercised due diligence in checking the correctness and authenticity of the information contained in this recommendation, but
Choice Broking or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the
information contained in this recommendation or any action taken on basis of this information. Technical analysis studies market psychology, price patterns and volume levels. It is used to forecast
future price and market movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be contrary to recommendations
issued by Choice Broking in the company research undertaken as the recommendations stated in this report is derived purely from technical analysis. Choice Broking has based this document on
information obtained from sources it believes to be reliable but which it has not independently verified; Choice Broking makes no guarantee, representation or warranty and accepts no responsibility
or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of publication and are subject to change without
notice. The information and any disclosures provided herein are in summary form and have been prepared for informational purposes. The recommendations and suggested price levels are intended
purely for trading purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the recommendations may
be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution, modification, copying, forwarding or disclosure by any person is
strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or sell any security or other financial product or instrument. The current
performance may be unaudited. Past performance does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee
against the loss of your entire investment.
POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report) Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock /
Instrument (s): - No.
SEBI Certified – Research Analyst www.choiceindia.com
Research Team
Mr. Sumeet Bagadia Associate Director
Kunal Parmar Research Associate
Amit Pathania Research Associate
Vikas Chaudhari Research Associate
Kapil Shah Research Associate
Rajnath Yadav Research Associate
Satish Kumar Research Associate
Morning Tea
23rd May 2016
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Kapil Shah
Digitally signed by Kapil Shah
DN: cn=Kapil Shah, o=Choice Equity Broking Pvt Ttd.,
ou=Research Department,
email=kapil.shah@choiceindia.com, c=IN
Date: 2016.05.23 08:41:26 +05'30'