Pick of the week: Grasim Industries Limited. choice broking
Grasim Industries Limited is the largest exporter of Viscose Rayon Fiber in India with exports to over 50 countries. It is headquartered in Nagda, Madhya Pradesh and has plants in Kharach, Gujarat and Harihar, Karnataka. The Aditya Birla Group's first international venture was Indo-Thai Synthetics Company Ltd incorporated in 1969 in Thailand. Several other companies in viscose rayon were later incorporated in Thailand and Indonesia in the 1970s. AV Cell Inc., a joint venture between Aditya Birla Group and Tembec, Canada, was established in 1998 to produce pulp. Technically, the stock has broken out of an upper band and
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.
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.
The document summarizes market updates from the US, Asia and India. In the US markets, the S&P 500 and Dow were little changed while the Nasdaq advanced. In Asia, stocks were subdued following the US performance. In India, the equity market is expected to open flat tracking Asian indices. It also provides recommendations to buy two stocks, MAHINDCIE and SUNDMFAST, based on technical analysis.
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.
1) US and Asian stock markets rose as oil prices increased and Morgan Stanley's earnings boosted financial stocks. The Dow and S&P 500 gained slightly while the Nasdaq was mostly flat.
2) In Asia, stocks advanced due to strong US earnings and higher oil prices near 15-month highs as the final US presidential debate began. Indian markets are expected to open higher tracking Asian gains.
3) Several Indian companies received regulatory approvals or announced plans like acquisitions, issues of bonds, and changes to service offerings. Bulk deals and an results calendar were also included.
- The document provides a summary of global and Asian stock market performance on Friday and Monday respectively. It also summarizes key Indian company news and provides technical analysis recommendations to buy two Indian stocks, KRBL and BAJAJCORP.
- US stocks dipped on Friday while Asian markets were mixed on Monday as finance ministers from the G20 warned against currency devaluations. In India, the market is expected to open flat and company news included updates from NTPC, RCap, Adani and BSNL/MTNL.
- Technical analysis recommends buying KRBL in the range of 400.75-404.75 for a target of 426.25 and BAJAJCORP in the range
The document provides a daily market summary and analysis. It discusses the performance of world markets, with the British pound falling to lows due to Brexit concerns. Asian markets also declined on fears of a "hard Brexit". It then provides analysis and recommendations for two Indian stocks, suggesting buying Manappuram and Snowman within given price ranges. The rest of the document lists recent Indian corporate news and deals, and provides contact details for the research team.
Pick of the week: Grasim Industries Limited. choice broking
Grasim Industries Limited is the largest exporter of Viscose Rayon Fiber in India with exports to over 50 countries. It is headquartered in Nagda, Madhya Pradesh and has plants in Kharach, Gujarat and Harihar, Karnataka. The Aditya Birla Group's first international venture was Indo-Thai Synthetics Company Ltd incorporated in 1969 in Thailand. Several other companies in viscose rayon were later incorporated in Thailand and Indonesia in the 1970s. AV Cell Inc., a joint venture between Aditya Birla Group and Tembec, Canada, was established in 1998 to produce pulp. Technically, the stock has broken out of an upper band and
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.
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.
The document summarizes market updates from the US, Asia and India. In the US markets, the S&P 500 and Dow were little changed while the Nasdaq advanced. In Asia, stocks were subdued following the US performance. In India, the equity market is expected to open flat tracking Asian indices. It also provides recommendations to buy two stocks, MAHINDCIE and SUNDMFAST, based on technical analysis.
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.
1) US and Asian stock markets rose as oil prices increased and Morgan Stanley's earnings boosted financial stocks. The Dow and S&P 500 gained slightly while the Nasdaq was mostly flat.
2) In Asia, stocks advanced due to strong US earnings and higher oil prices near 15-month highs as the final US presidential debate began. Indian markets are expected to open higher tracking Asian gains.
3) Several Indian companies received regulatory approvals or announced plans like acquisitions, issues of bonds, and changes to service offerings. Bulk deals and an results calendar were also included.
- The document provides a summary of global and Asian stock market performance on Friday and Monday respectively. It also summarizes key Indian company news and provides technical analysis recommendations to buy two Indian stocks, KRBL and BAJAJCORP.
- US stocks dipped on Friday while Asian markets were mixed on Monday as finance ministers from the G20 warned against currency devaluations. In India, the market is expected to open flat and company news included updates from NTPC, RCap, Adani and BSNL/MTNL.
- Technical analysis recommends buying KRBL in the range of 400.75-404.75 for a target of 426.25 and BAJAJCORP in the range
The document provides a daily market summary and analysis. It discusses the performance of world markets, with the British pound falling to lows due to Brexit concerns. Asian markets also declined on fears of a "hard Brexit". It then provides analysis and recommendations for two Indian stocks, suggesting buying Manappuram and Snowman within given price ranges. The rest of the document lists recent Indian corporate news and deals, and provides contact details for the research team.
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.
The US and Asian stock markets closed lower as investors awaited corporate earnings reports and details on Trump's economic policies. In India, the equity market is expected to open flat to positive tracking Asian indices. Two stocks, Torntpower and Crompton Greaves, are recommended as buy opportunities based on technical analysis showing breakouts and rising momentum. The document also provides a corporate action calendar and details of bulk deals by various investors.
The Dow Jones Industrial Average reached a seventh straight record high on Friday as gains in Kraft Heinz helped offset losses in energy stocks. Asian markets opened lower on Monday as investors awaited details from President Trump on economic policies. The document discusses stock market performance in the US and Asia, provides recommendations to buy two Indian stocks (ABFRL and BBTC), and includes a corporate actions and results calendar.
- The Left Democratic Front (LDF) government in Kerala is planning to introduce a revised liquor policy based on abstinence that will be different from the previous government's policy which had banned buying and selling of liquor and forced some shops to close.
- The report recommends buying Bharti Airtel in the range of 320-322 for a target of 328 with a stop loss of 317 based on a technical analysis showing the stock has support at 310 and momentum indicators pointing to upside potential.
- Asian stock markets rose after OPEC members agreed to cut oil output, boosting investor risk appetite, with Japan's Nikkei up 0.9% and Indian markets expected to open higher.
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.
The document provides a daily market summary and analysis for October 25, 2016. It summarizes that US markets hit a two-week high on strong earnings and acquisitions. In Asian markets, shares edged higher on upbeat US earnings and positive factory surveys. The analysis recommends buying two Indian stocks, MuthootFin and Kitex, based on technical indicators and provides price targets and stop losses. It also lists recent bulk deals and results calendar for various companies.
The document summarizes the performance of world markets and Asian markets. It also provides recommendations to "Buy" two Indian stocks, Intellect and J&K Bank, based on technical analysis showing positive momentum and patterns. Key news stories are also mentioned regarding various companies. The document is from Choice Broking and includes a disclaimer about the recommendations being solely for information and not investment advice.
The document provides a summary of global and Asian stock market performance and Indian market outlook. It also recommends two stocks, EROSMEDIA and TRITURBINE, for buying based on technical analysis showing bullish patterns and indicators. A list of companies reporting earnings is also included.
The document provides a morning market update and analysis from Choice Broking on March 6th, 2017. It summarizes that US markets closed flat after the Fed Chair signaled an interest rate hike in March. Most Asian markets were mixed with Japan's Nikkei down and China up. The Indian market is expected to open flat to positive. It also provides recommendations to buy two stocks, GUJFLUORO and BALMLAWRIE, based on technical analysis and charts. The document ends with disclaimers and contact information.
The US stock market ended modestly lower after the Fed minutes indicated potential for a near-term interest rate hike. Asian stocks pulled back from 19-month highs as the dollar tried to steady from losses after the Fed minutes showed a cautious approach to rate increases. The Indian market is expected to open flat tracking Asian indices. Two stocks, Hexaware and Kansainer, are recommended as buy trades based on technical analysis showing breakouts, support above moving averages, and positive momentum.
The document summarizes the performance of the US and Asian stock markets. It states that US stocks extended post-election gains, pushing the Dow above 19,000 for the first time. Asian stocks also crept higher as investors tried to share in the Wall Street rally. The Indian market is expected to open higher, tracking gains in Asian indices. It also provides recommendations to buy two stocks, HINDUNILVR and BAJAJ-AUTO, based on technical analysis.
The document provides a daily market summary and analysis for February 17th, 2017. It discusses movements in global markets, with the Dow reaching a sixth straight record high but the S&P 500 edging lower on declining energy stocks. In Asia, markets opened lower tracking US losses, with Samsung shares in focus following an executive arrest. In India, the equity market is expected to open flat to positive. The document also provides technical analysis recommendations to buy two Indian stocks, MRPL and MUTHOOTFIN.
The document provides a morning market summary and analysis on March 9th, 2017. It discusses movements in global markets, with US markets dipping as energy stocks declined over 5% on rising inventories. Asian markets were mixed as China inflation data was released. The Indian market is expected to open lower tracking Asian indices. Two stocks, Aegischem and Marksans, are recommended as buy trades. The document also provides corporate actions, result calendar, and disclaimer.
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.
The document provides a daily market summary and analysis from Choice Broking. It discusses the performance of the US, Asian, and Indian markets. The US markets hit new record highs as stocks continued rising after Trump's election. Asian shares also rose tracking the strong US performance. In India, the RBI will withdraw a temporary cash reserve ratio hike. Several companies including IOC, BPCL and HPCL plan to set up India's largest refinery. Trading recommendations are provided for two stocks, Chambal Fertilizers and SCI, based on technical analysis.
The US and Asian stock markets closed lower as investors awaited corporate earnings reports and details on Trump's economic policies. The Dow Jones fell 0.32% and the S&P 500 dropped 0.21%. Asian shares dipped but remained on track for weekly gains. The document provides analysis and recommendations for buying and selling certain Indian stocks like Kaveri Seed and Maruti based on technical indicators. It also lists recent Indian corporate news and an upcoming result calendar.
The US stock market hit new record highs as expectations of tax cuts and deregulation under President-elect Trump fuel continued gains. Asian markets were mostly higher with modest moves as investors await the Federal Reserve's expected interest rate hike. In India, the equity market is expected to open flat tracking Asian indices. Specific stock recommendations are given to buy DEN and MINDTREE based on technical analysis showing positive momentum.
#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.
ChoiceBroking-Pick of the Week: PI INDUSTRIESchoice broking
PI Industries Ltd is an Indian agrochemical company incorporated in 1947 with facilities across Gujarat and Jammu. It has three business units: agri inputs, custom synthesis and manufacturing, and technical outsourcing. The company has a strong brand among Indian farmers and a robust product pipeline. A technical analysis indicates the stock is at a long-term support level and has broken out of a descending triangle pattern, suggesting further upside potential over the next few months. The report recommends buying the stock.
Pick of the Week: LIC Housing Finance Ltd.choice broking
This document provides information on LIC Housing Finance Ltd (LICHF), including that it is one of the largest housing finance companies in India. It was incorporated in 1989 and went public in 1994. The main objective of LICHF is to provide long-term financing to individuals for housing and real estate purposes. The company has an extensive network across India and representative offices in Dubai and Kuwait to serve Non-Resident Indians. The document also provides a technical analysis of LICHF stock and recommends it as a buy, with a price target of Rs. 460 based on the analysis.
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.
The US and Asian stock markets closed lower as investors awaited corporate earnings reports and details on Trump's economic policies. In India, the equity market is expected to open flat to positive tracking Asian indices. Two stocks, Torntpower and Crompton Greaves, are recommended as buy opportunities based on technical analysis showing breakouts and rising momentum. The document also provides a corporate action calendar and details of bulk deals by various investors.
The Dow Jones Industrial Average reached a seventh straight record high on Friday as gains in Kraft Heinz helped offset losses in energy stocks. Asian markets opened lower on Monday as investors awaited details from President Trump on economic policies. The document discusses stock market performance in the US and Asia, provides recommendations to buy two Indian stocks (ABFRL and BBTC), and includes a corporate actions and results calendar.
- The Left Democratic Front (LDF) government in Kerala is planning to introduce a revised liquor policy based on abstinence that will be different from the previous government's policy which had banned buying and selling of liquor and forced some shops to close.
- The report recommends buying Bharti Airtel in the range of 320-322 for a target of 328 with a stop loss of 317 based on a technical analysis showing the stock has support at 310 and momentum indicators pointing to upside potential.
- Asian stock markets rose after OPEC members agreed to cut oil output, boosting investor risk appetite, with Japan's Nikkei up 0.9% and Indian markets expected to open higher.
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.
The document provides a daily market summary and analysis for October 25, 2016. It summarizes that US markets hit a two-week high on strong earnings and acquisitions. In Asian markets, shares edged higher on upbeat US earnings and positive factory surveys. The analysis recommends buying two Indian stocks, MuthootFin and Kitex, based on technical indicators and provides price targets and stop losses. It also lists recent bulk deals and results calendar for various companies.
The document summarizes the performance of world markets and Asian markets. It also provides recommendations to "Buy" two Indian stocks, Intellect and J&K Bank, based on technical analysis showing positive momentum and patterns. Key news stories are also mentioned regarding various companies. The document is from Choice Broking and includes a disclaimer about the recommendations being solely for information and not investment advice.
The document provides a summary of global and Asian stock market performance and Indian market outlook. It also recommends two stocks, EROSMEDIA and TRITURBINE, for buying based on technical analysis showing bullish patterns and indicators. A list of companies reporting earnings is also included.
The document provides a morning market update and analysis from Choice Broking on March 6th, 2017. It summarizes that US markets closed flat after the Fed Chair signaled an interest rate hike in March. Most Asian markets were mixed with Japan's Nikkei down and China up. The Indian market is expected to open flat to positive. It also provides recommendations to buy two stocks, GUJFLUORO and BALMLAWRIE, based on technical analysis and charts. The document ends with disclaimers and contact information.
The US stock market ended modestly lower after the Fed minutes indicated potential for a near-term interest rate hike. Asian stocks pulled back from 19-month highs as the dollar tried to steady from losses after the Fed minutes showed a cautious approach to rate increases. The Indian market is expected to open flat tracking Asian indices. Two stocks, Hexaware and Kansainer, are recommended as buy trades based on technical analysis showing breakouts, support above moving averages, and positive momentum.
The document summarizes the performance of the US and Asian stock markets. It states that US stocks extended post-election gains, pushing the Dow above 19,000 for the first time. Asian stocks also crept higher as investors tried to share in the Wall Street rally. The Indian market is expected to open higher, tracking gains in Asian indices. It also provides recommendations to buy two stocks, HINDUNILVR and BAJAJ-AUTO, based on technical analysis.
The document provides a daily market summary and analysis for February 17th, 2017. It discusses movements in global markets, with the Dow reaching a sixth straight record high but the S&P 500 edging lower on declining energy stocks. In Asia, markets opened lower tracking US losses, with Samsung shares in focus following an executive arrest. In India, the equity market is expected to open flat to positive. The document also provides technical analysis recommendations to buy two Indian stocks, MRPL and MUTHOOTFIN.
The document provides a morning market summary and analysis on March 9th, 2017. It discusses movements in global markets, with US markets dipping as energy stocks declined over 5% on rising inventories. Asian markets were mixed as China inflation data was released. The Indian market is expected to open lower tracking Asian indices. Two stocks, Aegischem and Marksans, are recommended as buy trades. The document also provides corporate actions, result calendar, and disclaimer.
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.
The document provides a daily market summary and analysis from Choice Broking. It discusses the performance of the US, Asian, and Indian markets. The US markets hit new record highs as stocks continued rising after Trump's election. Asian shares also rose tracking the strong US performance. In India, the RBI will withdraw a temporary cash reserve ratio hike. Several companies including IOC, BPCL and HPCL plan to set up India's largest refinery. Trading recommendations are provided for two stocks, Chambal Fertilizers and SCI, based on technical analysis.
The US and Asian stock markets closed lower as investors awaited corporate earnings reports and details on Trump's economic policies. The Dow Jones fell 0.32% and the S&P 500 dropped 0.21%. Asian shares dipped but remained on track for weekly gains. The document provides analysis and recommendations for buying and selling certain Indian stocks like Kaveri Seed and Maruti based on technical indicators. It also lists recent Indian corporate news and an upcoming result calendar.
The US stock market hit new record highs as expectations of tax cuts and deregulation under President-elect Trump fuel continued gains. Asian markets were mostly higher with modest moves as investors await the Federal Reserve's expected interest rate hike. In India, the equity market is expected to open flat tracking Asian indices. Specific stock recommendations are given to buy DEN and MINDTREE based on technical analysis showing positive momentum.
#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.
ChoiceBroking-Pick of the Week: PI INDUSTRIESchoice broking
PI Industries Ltd is an Indian agrochemical company incorporated in 1947 with facilities across Gujarat and Jammu. It has three business units: agri inputs, custom synthesis and manufacturing, and technical outsourcing. The company has a strong brand among Indian farmers and a robust product pipeline. A technical analysis indicates the stock is at a long-term support level and has broken out of a descending triangle pattern, suggesting further upside potential over the next few months. The report recommends buying the stock.
Pick of the Week: LIC Housing Finance Ltd.choice broking
This document provides information on LIC Housing Finance Ltd (LICHF), including that it is one of the largest housing finance companies in India. It was incorporated in 1989 and went public in 1994. The main objective of LICHF is to provide long-term financing to individuals for housing and real estate purposes. The company has an extensive network across India and representative offices in Dubai and Kuwait to serve Non-Resident Indians. The document also provides a technical analysis of LICHF stock and recommends it as a buy, with a price target of Rs. 460 based on the analysis.
Reliance Industries Limited (RIL) is an Indian conglomerate holding company headquartered in Mumbai, Maharashtra. It owns businesses across India engaged in energy, petrochemicals, textiles, natural resources, retail and telecommunications. RIL is the most profitable company in India and the second largest by revenue. It contributes approximately 20% of India's total exports. The document provides a technical analysis of RIL stock, recommending it as a buy based on the stock breaking resistance levels and momentum indicators still being below overbought levels, with upside potential to 1260.
Hero MotoCorp is the largest two-wheeler manufacturer in India with a 46% market share. It has four manufacturing facilities in India with a total annual production capacity of 7.6 million two-wheelers. The company aims to achieve $10 billion in revenue and sell 10 million two-wheelers annually by 2016-17. On technical indicators, the stock price is expected to rise towards 3,100 levels in the coming trading sessions.
Hero MotoCorp is the largest two-wheeler manufacturer in India with a 46% market share. It has four manufacturing facilities in India with a total annual production capacity of 7.6 million two-wheelers. The company aims to achieve $10 billion in revenue and sell 10 million two-wheelers annually by 2016-17. On technical indicators, the stock price is expected to rise towards 3,100 levels in the coming trading sessions.
Pick Of the Week: Jubilant Food Works Ltd.choice broking
Jubilant FoodWorks Ltd is an Indian multinational fast food company that operates Domino's Pizza and Dunkin' Donuts restaurants across India. It opened India's first Domino's outlet in 1996 and the first Dunkin' Donuts outlet in 2012. The company has experienced rapid expansion, opening 47 new restaurants in the first quarter of 2014 and 150 outlets in 2013-2014. Technical analysis of Jubilant FoodWorks Ltd stock indicates it has formed a bullish pattern and could reach 1820 levels if 1525 support is maintained.
The document provides a technical analysis and recommendation for MCX Crude prices. It summarizes that prices have broken out of a one-month consolidation with high volume. Momentum indicators like RSI and MACD show increasing bullish momentum. Prices are trading above the 50-day moving average and previous highs of $49, suggesting the price may rise to $51.50. Based on this technical analysis, MCX Crude prices are expected to move higher to 3450 levels, with dips to 3130 as buying opportunities. The recommendation is to buy Crude at 3180 and up to 3130, with a stop loss of 2980 and target of 3450.
The document provides a technical analysis of CADILAHC stock. It summarizes that CADILAHC has been in an uptrend since February 2015 and is currently trading near the lower band of its channel formation, indicating a bounce back is expected. Technical indicators like the bullish harami candlestick pattern and RSI divergences suggest prices may move upwards to Rs. 445 in the coming sessions, with downside support at Rs. 370. The analyst recommends buying CADILAHC at Rs. 395-388, with a stop loss of Rs. 370 and target of Rs. 445.
The document analyzes a stock that has been consolidating between 250-450 since 2008. The stock recently hit 280 and has been moving in an upward channel. It has now retraced to the 38.2% level, offering an opportunity. The stock is supported by its 200-week moving average and is trading above short and long-term averages. Volume is increasing again on the first positive signs, suggesting a resumption of the bull trend. The analysis recommends buying the stock at 360-355 with a stop loss of 339 and target of 405 in the coming sessions.
The document provides a technical analysis of TWL stock. It summarizes that TWL has given a bullish breakout of a CUP & HANDLE pattern with above average volume, indicating a target price of 160. The stock is trading above all moving averages on daily and weekly charts, showing bullish trends. Momentum and directional indicators also show buy signals, pointing to positive momentum for the stock. Based on this technical analysis, the document recommends buying TWL at 129 with a stop loss of 115 and target of 160.
- US and Asian stock markets rose as investors were optimistic about Trump's economic agenda and upbeat factory data in Europe.
- The document provides recommendations to "buy" two Indian stocks - Marico and Sintec Industries - based on technical analysis showing positive trends.
- It also includes news briefs on various Indian companies declaring interim dividends and an upcoming corporate action/results calendar.
Pick of the Week (GIC HOUSING FINANCE LTD)choice broking
This document provides information on GIC Housing Finance Limited and recommends it as a "Buy". Some key points:
- GIC Housing Finance was incorporated in 1989 to provide housing loans in India. It is owned by major insurance and financial companies.
- Technically, the stock has broken out of a falling wedge pattern indicating a bullish continuation. Momentum indicators also show rising momentum.
- The analyst recommends buying the stock with a price target of Rs. 285 based on the technical analysis, with a stop loss of Rs. 215.
Glenmark Pharmaceuticals is seeking shareholder approval to raise up to $500 million through the issue of securities in domestic and international markets. The funds will be used to expand marketing networks domestically and overseas, set up manufacturing infrastructure, focus on research and development, and introduce new products. Technically, the stock has closed above a bullish reversal pattern and is trading above its 21-day moving average, indicating an upward trend. The recommendation is to buy the stock in the range of 929-934 for a target price of 953 with a stop loss of 919.
The document provides a daily market update and analysis from Choice India Research. It includes:
- News that ITC is planning to offer its distribution network to smaller FMCG companies for a fee to generate new revenue.
- Technical analysis indicating to buy ITC within a price range and target price range.
- News that Dr. Reddy's is recalling over 55,000 tablets in the US market.
- Technical analysis indicating to sell Dr. Reddy's within a price range and target price range.
- Updates on market performance in Europe, Asia and upcoming economic data releases from China.
- Details of upcoming company annual general meetings and dividends.
- Details of bulk deals
Kotak Mahindra Bank is one of India's leading financial services conglomerates, established in 1985. In 2003, Kotak Mahindra Finance received a banking license from the RBI, becoming the first non-banking finance company in India to convert to a bank. Kotak Mahindra Bank is currently the fourth largest private sector bank in India by market capitalization, headquartered in Mumbai. The document then provides a technical analysis of Kotak Mahindra Bank stock, recommending it as a buy between Rs. 1420-1440, with a price potential of Rs. 1600-1650 and stop loss of Rs. 1340.
The document provides a technical analysis of a stock and recommends a buy. It summarizes that the stock has broken out of its range with high volume, signaling further upside potential. The stock is trading above its 100-day and 50-week moving averages, indicating short to medium term uptrends. Momentum indicators also show positive signals. Based on this technical structure, further upside movement is expected in the coming trading sessions. The analyst recommends buying the stock at Rs. 887-880 with a stop loss of Rs. 830 and target of Rs. 1000.
The document provides a technical analysis of the USDINR currency pair. It summarizes that in the short to medium term, the USDINR trend is upward as it is trading above its 50-week and 100-day moving averages. The currency pair has strong support at current levels according to its daily chart. Momentum indicators also show positive momentum. Based on this technical analysis, the document recommends buying USDINR with a target price of 68.70 and stop loss of 66.50 over the next few trading sessions.
Reliance Capital aims to more than double its customer base to 50 million over the next 3-5 years. The company currently has a customer base of 20 million across insurance, mutual funds, brokerage and other financial services. In Q1 FY2015-16, Reliance Capital reported total income of Rs. 9,998 crore, up 12% year-over-year, while net profit stood at Rs. 1,101 crore, up 10% year-over-year. Technical indicators show the stock is in an uptrend and analysts recommend buying the stock between Rs. 542-545 for a target of Rs. 555 with a stop loss of Rs. 537.
ChoiceBroking Pick of the week: WiproLtd.choice broking
The document provides information on Wipro Limited, an Indian multinational IT consulting and services company. It details that Wipro has over 170,000 employees serving 900 Fortune 1000 companies in 67 countries. The company has a market capitalization of approximately $35 billion, making it one of India's largest publicly traded companies. Wipro focuses on sustainability and was ranked first in the 2010 Asian Sustainability Rating of Indian companies. For the fourth consecutive year in 2015, Wipro was recognized as the world's most ethical company by the Ethisphere Institute. The document also provides a technical analysis of Wipro's stock performance and recommends the stock as a "Buy".
Budgeting as a Control Tool in Government Accounting in Nigeria
Being a Paper Presented at the Nigerian Maritime Administration and Safety Agency (NIMASA) Budget Office Staff at Sojourner Hotel, GRA, Ikeja Lagos on Saturday 8th June, 2024.
How to Invest in Cryptocurrency for Beginners: A Complete GuideDaniel
Cryptocurrency is digital money that operates independently of a central authority, utilizing cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are decentralized and typically operate on a technology called blockchain. Each cryptocurrency transaction is recorded on a public ledger, ensuring transparency and security.
Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and as a means of transferring value globally without the need for intermediaries like banks.
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Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
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Explore the world of investments with an in-depth comparison of the stock market and real estate. Understand their fundamentals, risks, returns, and diversification strategies to make informed financial decisions that align with your goals.
How to Identify the Best Crypto to Buy Now in 2024.pdfKezex (KZX)
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The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
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How Poonawalla Fincorp and IndusInd Bank’s Co-Branded RuPay Credit Card Cater...beulahfernandes8
The eLITE RuPay Platinum Credit Card, a strategic collaboration between Poonawalla Fincorp and IndusInd Bank, represents a significant advancement in India's digital financial landscape. Spearheaded by Abhay Bhutada, MD of Poonawalla Fincorp, the card leverages deep customer insights to offer tailored features such as no joining fees, movie ticket offers, and rewards on UPI transactions. IndusInd Bank's solid banking infrastructure and digital integration expertise ensure seamless service delivery in today's fast-paced digital economy. With a focus on meeting the growing demand for digital financial services, the card aims to cater to tech-savvy consumers and differentiate itself through unique features and superior customer service, ultimately poised to make a substantial impact in India's digital financial services space.
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
1. Britannia Industries Ltd.
Over the last century and a quarter, Britannia has been serving the Indian consumer with a range of fresh,
nutritious and flavour-rich products. Britannia Industries Limited (A WADIA Enterprise) based in Bangalore, India.
It sells its Britannia and Tiger brands of biscuit throughout India. Britannia has an estimated market share of
around 38%. The Company's principal activity is the manufacture and sale of biscuits, bread, rusk, cakes and
dairy products.
The company's factories have an annual capacity of 433,000 tonnes. The brand names of biscuits include
VitaMarieGold, Tiger, Nutrichoice Junior, Good day, 50 50, Treat, Pure Magic, Milk Bikis, Good Morning,
Bourbon, Thin Arrowroot, Nice, Little Hearts among others. Tiger, the mass market brand, realised $150.75
million in sales including exports to countries including the U.S. and Australia, or 20% of Britannia revenues in
2006.
Dairy products contribute close to 10% to Britannia's revenue. Britannia trades and markets dairy products, and
its dairy portfolio grew to 47% in 2000-01 and by 30% in 2001-02. Britannia holds an equity stake in Dynamix
Dairy and outsources the bulk of its dairy products from its associate. Its main competitors are Nestlé India, the
National Dairy Development Board (NDDB), and Amul (GCMMF).
Today, Britannia is a leading food company in India delivering products in over 5 categories through 3.5 million
retail outlets to more than half the Indian population. Britannia is one of India's 100 Most Trusted brands listed
in The Brand Trust Report.
Technical Outlook
After a strong up move stock has entered into intermediate correction mode, but at current juncture chart is
revealing some sign which indicates that stock is likely to resume its uptrend again.
Firstly Stock has taken support at lower band of consolidation phase which was placed at 2500 level and
thereafter it moved above congested area.
Furthermore, Stock has successfully sustained above its 30 week moving average and on daily chart stock price
is operating above its short to long term moving average which draws attention of both Traders & Investors.
Strong upside move in price has been backed up by firm rise in volume, it indicates strength in the stock. Taking
glimpse from momentum oscillator RSI it is also sustaining above its average line and on daily chart it had ironed
out its earlier hurdle levels.
Based on aforementioned properties of technical approach we can expect further movement in stock upto 3320
level in few trading sessions.
Company BRITANNIA
Recommendation Buy
Sector : FMCG
Buying Range : 2954 & Upto 2930
Price Potential : 3320
Stop Loss (Closing Basis): 2770
Mkt Cap (Rs. Cr.): 35,386
TTM EPS (Rs.) 58.84
TTM Sales (Rs. Cr.) 7,740
BVPS (Rs.) 150.43
Reserves (Rs. Cr.) 1,781
P/BV 19.61
PE 50.13
Bloomberg Code : BRIT:IN
Reuters Code : BRIT.BO
TW = Twelve Months
TTM= Trailing 12 months
SEBI Registered – Research Analyst Equities I Commodities I Currencies I Mutual Funds
Pick of the Week: Britannia Industries Ltd.
14th May, 2016
www.choiceindia.com *Please Refer Disclaimer on Website
2. Pick of the Week: Britannia Industries Ltd.
14th May, 2016
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual FundsSEBI Registered – Research Analyst Equities I Commodities I Currencies I Mutual Funds
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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 Aprilket psychology, price patterns and volume levels. It is used to forecast future price
and Aprilket 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 sumAprily 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.
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