The key points from the market summary document are:
1. Indian stock indices Sensex and Nifty closed at higher levels of 17936 and 5368 respectively, gaining over 1% for the day.
2. Top gainers during the day were HEROHONDA, RELINFRA and BHARTIARTL while top losers were IDEA, GRASIM and TCS.
3. Realty, Oil & Gas and Auto sectors saw gains while Banking sector rose nearly 2%. The trading session is likely to see positive momentum continue if indices remain above key support levels.
The document is a technical report that provides a market summary for the day, including key indices levels, top gainers and losers, sectoral performance, and a chart analysis. It maintains the view that indices will test higher levels based on a "flag pattern" breakout but will only negate below certain support levels. It identifies some stocks with positive and negative bias over the next 2-3 days. The report also includes pivot point levels for various stocks.
The market indices ended flat, with the Nifty closing at 5366 and Sensex at 17941. Top gainers during the day were RPOWER, RCOM and SUZLON, while top losers were HCLTECH, CIPLA and M&M. Most sectors closed positive with REALTY and POWER gaining over 1% and 0.7% respectively, while IT and AUTO lost around 1%. The document provides analysis of support and resistance levels for the indices and various stocks. It suggests the market may trade with a positive bias if indices remain above key resistance levels.
The market opened flat but was unable to sustain gains, closing lower. The top gainers were UNITECH (+2.96%), SUNPHARMA (+1.67%), and HEROHONDA (+1.51%), while the top losers were TATAMOTORS (-3.56%), GAIL (-3.21%), and KOTAKBANK (-2.28%). Most sectors closed in the red, with consumer goods showing a small gain of 0.70%. Technical indicators do not suggest weakness, and the Nifty is expected to trade between 5300-5400 levels in the next few days. Traders should maintain a stop loss of 5280 on long positions.
The market indices ended the day lower, with the Nifty down 0.97% and Sensex down 0.88%. BPCL gained the most at 12.6% while ICICIBANK lost the most at 3.8%. Most sectors ended lower except for oil & gas which gained 2.88% and PSU which gained 1.13%. For the coming week, the indices are expected to trade in the range of 17000-17920 for Sensex and 5100-5366 for Nifty. Key support and resistance levels are identified. Specific stocks with positive and negative bias are also mentioned. Pivot points are provided for various stocks to watch their near term movement.
The technical report provides a daily market summary for the Indian stock market. Key details include:
- The Nifty and Sensex indices closed marginally lower after opening higher.
- Top gainers were led by LT, SBIN, and AXISBANK, while top losers were IDEA, M&M, and RANBAXY.
- Sectoral performances were mixed with IT and metal sectors declining while consumer goods rose.
- The report provides analysis that the intermediate trend remains positive and support levels are identified. Pivot levels are also given for various stocks to watch the next day's trading ranges.
The market indices opened higher but were unable to sustain gains and closed marginally higher. Key sectors like metal and consumer durables gained while FMCG declined. Powergrid and Tata Steel were among the top gainers while HCL Technologies and Suzlon were among the top losers. The technical indicators suggest the trends lack clarity and the indices may test resistance at 18,220-18,260 and support at 17,944-17,914 depending on movement above or below key levels. Pivot points are provided for various stocks.
The document provides a market summary for March 26, 2010 including:
1) Key indices like Nifty and Sensex opened subdued but gained momentum to close near daily highs.
2) Top gainers and losers among stocks, with sectors like capital goods and healthcare gaining and PSU losing.
3) Analysis that the coming session is likely to see positive trading if indices sustain above key levels, and identifies potential support levels.
The document provides a market summary for July 14, 2010. It summarizes that: (1) Indian indices like the Nifty and Sensex opened flat but closed in positive territory, hovering near resistance levels; (2) the top five gaining stocks were UNITECH, SUZLON, DLF, TATASTEEL, and SIEMENS; and (3) the top five losing stocks were IDEA, INFOSYS, TCS, BHARTIARTL, and WIPRO. Key support and resistance levels are also provided for various stocks.
The document is a technical report that provides a market summary for the day, including key indices levels, top gainers and losers, sectoral performance, and a chart analysis. It maintains the view that indices will test higher levels based on a "flag pattern" breakout but will only negate below certain support levels. It identifies some stocks with positive and negative bias over the next 2-3 days. The report also includes pivot point levels for various stocks.
The market indices ended flat, with the Nifty closing at 5366 and Sensex at 17941. Top gainers during the day were RPOWER, RCOM and SUZLON, while top losers were HCLTECH, CIPLA and M&M. Most sectors closed positive with REALTY and POWER gaining over 1% and 0.7% respectively, while IT and AUTO lost around 1%. The document provides analysis of support and resistance levels for the indices and various stocks. It suggests the market may trade with a positive bias if indices remain above key resistance levels.
The market opened flat but was unable to sustain gains, closing lower. The top gainers were UNITECH (+2.96%), SUNPHARMA (+1.67%), and HEROHONDA (+1.51%), while the top losers were TATAMOTORS (-3.56%), GAIL (-3.21%), and KOTAKBANK (-2.28%). Most sectors closed in the red, with consumer goods showing a small gain of 0.70%. Technical indicators do not suggest weakness, and the Nifty is expected to trade between 5300-5400 levels in the next few days. Traders should maintain a stop loss of 5280 on long positions.
The market indices ended the day lower, with the Nifty down 0.97% and Sensex down 0.88%. BPCL gained the most at 12.6% while ICICIBANK lost the most at 3.8%. Most sectors ended lower except for oil & gas which gained 2.88% and PSU which gained 1.13%. For the coming week, the indices are expected to trade in the range of 17000-17920 for Sensex and 5100-5366 for Nifty. Key support and resistance levels are identified. Specific stocks with positive and negative bias are also mentioned. Pivot points are provided for various stocks to watch their near term movement.
The technical report provides a daily market summary for the Indian stock market. Key details include:
- The Nifty and Sensex indices closed marginally lower after opening higher.
- Top gainers were led by LT, SBIN, and AXISBANK, while top losers were IDEA, M&M, and RANBAXY.
- Sectoral performances were mixed with IT and metal sectors declining while consumer goods rose.
- The report provides analysis that the intermediate trend remains positive and support levels are identified. Pivot levels are also given for various stocks to watch the next day's trading ranges.
The market indices opened higher but were unable to sustain gains and closed marginally higher. Key sectors like metal and consumer durables gained while FMCG declined. Powergrid and Tata Steel were among the top gainers while HCL Technologies and Suzlon were among the top losers. The technical indicators suggest the trends lack clarity and the indices may test resistance at 18,220-18,260 and support at 17,944-17,914 depending on movement above or below key levels. Pivot points are provided for various stocks.
The document provides a market summary for March 26, 2010 including:
1) Key indices like Nifty and Sensex opened subdued but gained momentum to close near daily highs.
2) Top gainers and losers among stocks, with sectors like capital goods and healthcare gaining and PSU losing.
3) Analysis that the coming session is likely to see positive trading if indices sustain above key levels, and identifies potential support levels.
The document provides a market summary for July 14, 2010. It summarizes that: (1) Indian indices like the Nifty and Sensex opened flat but closed in positive territory, hovering near resistance levels; (2) the top five gaining stocks were UNITECH, SUZLON, DLF, TATASTEEL, and SIEMENS; and (3) the top five losing stocks were IDEA, INFOSYS, TCS, BHARTIARTL, and WIPRO. Key support and resistance levels are also provided for various stocks.
The summary provides an overview of the key information from the technical report on the stock market:
- The indices (Nifty and Sensex) closed lower by 0.62% and 0.64% respectively. Powergrid, PNB, and ITC were among the top gainers while Suzlon, Cairn, and Cipla were the top losers.
- The report expects the indices to find support around 5380-5385 levels and sees resistance at 5480. The bullish view will only be negated if Nifty closes below 5340.
- Pivot levels are provided for various stocks to indicate support and resistance levels.
- Bajaj Hind and IDB
The market summary provides an overview of the day's trading activity in the Indian markets. Key points:
- The Nifty closed at 5291, up 0.79% for the day, while the Sensex closed at 17,693, up 0.94%.
- Top gainers were TCS, JPASSOCIATE, and TATASTEEL. Top losers were HINDUNILVR, BHARTIARTL, and MARUTI.
- IT and Capital Goods sectors saw gains over 2%, while Metals and Consumer Durables saw gains over 1%.
- The report indicates the markets may test higher levels if indices sustain above key support levels, but may see consolidation
The markets opened lower due to weak global cues and continued their downward trend throughout the day, closing near the day's lows. Key indices like Nifty and Sensex fell over 1% each. On a sectoral basis, oil & gas and metals witnessed losses of around 2% while banks and realty saw declines of 1.65% and gains of 0.55% respectively. SAIL and Hindalco were the top losers falling over 4% each while IDEA and BPCL gained around 2% each. Technical indicators on daily charts show the markets are trading in a downward channel and support levels around 17,679/5,290 could be tested if prices break below the lower trendline.
The market summary provides an overview of the performance of key indices and sectors in the Indian market on 06/07/2010. The Nifty and Sensex opened marginally lower and closed slightly down. Top gainers were led by PNB, while RCOM and Maruti were among the top losers. The oil & gas and metal sectors saw declines, while healthcare and IT saw gains. The document also lists pivot levels for various stocks and provides a technical analysis indicating the market may see further testing of support levels.
The document provides a technical market summary for July 20, 2010. It reports the day's opening and closing levels for key indices like Nifty and Sensex, along with the top gainers and losers. It also lists sectoral performances and notes that markets closed with marginal losses despite weak global cues, consolidating previous gains. The report provides positive and negative stock biases for the next 2-3 days, along with pivot table supports and resistances for various stocks.
The market summary provides an overview of the performance of key indices and sectors in the Indian market on June 22, 2010. The Nifty closed slightly lower at 5353 points, down 0.23%, while the Sensex closed lower at 17877 points, down 0.26%. Metal and realty sectors performed strongly with gains above 5% and 2.5% respectively, while banking stocks gained around 2%. Tata Steel, Hindalco and Reliance Capital were among the top gainers. GAIL, HDFC Bank and HCL Technologies were among the top losers. The markets opened on a positive note and closed near the day's highs.
The market summary provided an overview of how key indices and sectors performed that day. The Nifty and Sensex closed with marginal gains after trading with choppiness. Certain sectors such as auto and oil & gas saw gains while banking saw losses. Top gainers included IDEA and POWERGRID, while top losers were PNB and HINDUNILVR. The document also provided pivot levels for various stocks and a technical analysis suggesting the market may trade positively if indices remain above certain threshold levels.
The key points from the document are:
1) Broad selling was seen across almost all sectors, causing the key indices (Nifty and Sensex) to close deep in the red, down around 2.5-3%.
2) Metals and capital goods sectors saw the largest losses of around 5%, while banking and oil & gas sectors lost around 2.5-3%.
3) The technical charts show the indices have tested a lower trendline and a close below key support levels could lead to further declines in the indices. However, a short bounce is also possible given the sharp recent falls.
The document provides a technical market summary for 14/09/2010. It lists the opening and closing levels of key indices like Nifty and Sensex. It also lists the top 5 gainers and losers during the day along with sectoral performances. The report notes that markets opened with a gap and momentum was seen throughout the day, driving indices to close near their highs. It provides support and resistance levels for the indices and suggests potential upside if levels are crossed. Key positive and negative stocks are also highlighted.
The document provides a daily market summary for 18/08/2010. It summarizes the performance of key indices, top gainers and losers, sectoral performance, and pivots for various stocks. The market opened flat and closed marginally lower with a narrow range formation indicating indecisiveness. Support and resistance levels are provided for the indices. Positive and negative bias stocks for the next 2-3 days are also mentioned.
The document provides a daily market summary for 18/08/2010. It summarizes the performance of key indices, top gainers and losers, sectoral performance, and technical outlook. The Nifty and Sensex closed marginally lower. Pivots and support/resistance levels are provided for various stocks. Positive and negative biased stocks for the next 2-3 days are also highlighted.
The market indices opened positively on news of the RBI monetary policy announcement. Key banking stocks saw strong buying and volume. Technical indicators signal further upside potential for the market, with support at 5180-5160. On the downside, sectors like IT saw losses while realty, banking and PSU saw gains. Overall the market closed slightly higher.
The market indices closed slightly higher, with the Nifty up 1.07% and Sensex up 0.95%. IDFC and Idea were the top gainers, rising over 4% each, while Bharti Airtel and Gail declined over 1% each. Most sectors closed in positive territory, with FMCG and oil & gas rising around 2% and 1.6% respectively. The document provides analysis of index movements and support levels, lists the day's top gainers and losers, and gives sector performance and pivot table values for various stocks.
The market summary provides an overview of the performance of key indices and sectors in the Indian market on a given date. On March 5, 2010:
- The Nifty closed at 5278, up 0.45% while the Sensex closed at 17,559, up 0.32% for the day.
- BPCL (5.84%), Hero Honda (4.17%), and Tata Motors (3.73%) were the top gainers. Ambuja Cements (-3.18%), Wipro (-2.69%), and Tata Steel (-2.16%) were the top losers.
- The realty (1.77%) and auto (1.51
The document provides a market summary for August 30, 2010 including indices levels, top gainers and losers, sectoral performance, and a technical analysis. Key points:
- The Nifty and Sensex closed down 1.26% and 0.26% respectively near crucial support levels.
- GAIL and ONGC were the top gainers while DLF and HEROHONDA lost the most.
- The oil & gas sector gained while banking, IT, and realty declined.
- Markets may see a bounce from current support levels but further upside is faced with resistance. Traders are advised to maintain strict stop losses.
The markets opened positively but were unable to sustain gains and closed in the red. The Nifty witnessed a bearish candlestick pattern and negative momentum in indicators like RSI and Stochastic, suggesting further downside. Key support levels for the indices are 17,558/5,250 and resistance is at 17,793/5,330. Top gainers during the day were DLF, Tata Motors and Cairn India, while top losers were HCL Tech, HDFC Bank and Ambuja Cements. The IT and tech sectors closed lower by around 2-3%, while PSU and realty sectors gained.
The market summary provides an overview of the performance of key indices and sectors in the Indian market on April 15, 2010. The Nifty and Sensex opened flat and traded in a narrow range, closing slightly lower. Top gainers during the day were Infosys, HCL Technologies, and TCS, while top losers were Hero Honda, HDFC, and IDFC. The auto and banking sectors underperformed, while the IT sector saw gains. The technical outlook was positive, with support seen at 5300 levels and resistance at 5360.
The technical report provides a daily market summary for July 16, 2010. Key details include:
- Indian indices Nifty and Sensex opened lower and closed marginally lower, down 0.14% and 0.16% respectively.
- Top gainers were Axis Bank, RelCapital, and Hindustan Unilever, while top losers were BPCL, Gail, and Unitech.
- Sectoral performances were mixed with PSU and oil & gas sectors declining while consumer discretionary rose.
- The report analyzes chart patterns and provides outlook and support/resistance levels for the indices. Pivot points are given for various stocks.
The document provides a technical market summary for 13 July 2010. It includes key indices levels, top gainers and losers, sectoral performance, and a outlook. The Nifty and Sensex opened at 5352 and 17876 respectively and rose to highs of 5403 and 18010 during the day. The report expects the indices to test higher levels of 5450-5475 and 18120-18200 if they close convincingly above 5400 and 18000. Key stocks trends and pivot levels are also included.
The summary provides an overview of the key information from the technical report:
1) Indian indices (Nifty and Sensex) opened marginally higher and traded with strong upside momentum throughout the day, closing at new 52-week highs.
2) IT, Reliance Industries, and capital goods sectors led the gains, while NTPC saw the largest losses.
3) The report advises traders to hold long positions as markets are poised to test all-time highs in the next 2-3 trading sessions, with support levels at 20,400/6,150.
- Axis Bank reported a 38.3% year-over-year increase in net profit to Rs. 735 crore for 2QFY2011, slightly better than the analyst's estimate of Rs. 706 crore.
- Strong operating performance continued as advances grew 36.5% year-over-year and deposits increased 35.7% year-over-year. Net interest income increased 40.5% year-over-year.
- Asset quality was stable with gross and net NPA ratios of 1.1% and 0.3% respectively. The analyst maintains an "Accumulate" recommendation on Axis Bank.
The document summarizes market performance and provides analysis of company results and news from India. It reports that domestic indices closed up modestly, with mid and small cap indices performing better. It reviews results from Electrosteel Castings, noting revenue declined slightly year-over-year but margins fell more sharply due to higher power and other expenses. The company is setting up a new steel plant and awaiting environmental clearance for an iron ore mine.
The summary provides an overview of the key information from the technical report on the stock market:
- The indices (Nifty and Sensex) closed lower by 0.62% and 0.64% respectively. Powergrid, PNB, and ITC were among the top gainers while Suzlon, Cairn, and Cipla were the top losers.
- The report expects the indices to find support around 5380-5385 levels and sees resistance at 5480. The bullish view will only be negated if Nifty closes below 5340.
- Pivot levels are provided for various stocks to indicate support and resistance levels.
- Bajaj Hind and IDB
The market summary provides an overview of the day's trading activity in the Indian markets. Key points:
- The Nifty closed at 5291, up 0.79% for the day, while the Sensex closed at 17,693, up 0.94%.
- Top gainers were TCS, JPASSOCIATE, and TATASTEEL. Top losers were HINDUNILVR, BHARTIARTL, and MARUTI.
- IT and Capital Goods sectors saw gains over 2%, while Metals and Consumer Durables saw gains over 1%.
- The report indicates the markets may test higher levels if indices sustain above key support levels, but may see consolidation
The markets opened lower due to weak global cues and continued their downward trend throughout the day, closing near the day's lows. Key indices like Nifty and Sensex fell over 1% each. On a sectoral basis, oil & gas and metals witnessed losses of around 2% while banks and realty saw declines of 1.65% and gains of 0.55% respectively. SAIL and Hindalco were the top losers falling over 4% each while IDEA and BPCL gained around 2% each. Technical indicators on daily charts show the markets are trading in a downward channel and support levels around 17,679/5,290 could be tested if prices break below the lower trendline.
The market summary provides an overview of the performance of key indices and sectors in the Indian market on 06/07/2010. The Nifty and Sensex opened marginally lower and closed slightly down. Top gainers were led by PNB, while RCOM and Maruti were among the top losers. The oil & gas and metal sectors saw declines, while healthcare and IT saw gains. The document also lists pivot levels for various stocks and provides a technical analysis indicating the market may see further testing of support levels.
The document provides a technical market summary for July 20, 2010. It reports the day's opening and closing levels for key indices like Nifty and Sensex, along with the top gainers and losers. It also lists sectoral performances and notes that markets closed with marginal losses despite weak global cues, consolidating previous gains. The report provides positive and negative stock biases for the next 2-3 days, along with pivot table supports and resistances for various stocks.
The market summary provides an overview of the performance of key indices and sectors in the Indian market on June 22, 2010. The Nifty closed slightly lower at 5353 points, down 0.23%, while the Sensex closed lower at 17877 points, down 0.26%. Metal and realty sectors performed strongly with gains above 5% and 2.5% respectively, while banking stocks gained around 2%. Tata Steel, Hindalco and Reliance Capital were among the top gainers. GAIL, HDFC Bank and HCL Technologies were among the top losers. The markets opened on a positive note and closed near the day's highs.
The market summary provided an overview of how key indices and sectors performed that day. The Nifty and Sensex closed with marginal gains after trading with choppiness. Certain sectors such as auto and oil & gas saw gains while banking saw losses. Top gainers included IDEA and POWERGRID, while top losers were PNB and HINDUNILVR. The document also provided pivot levels for various stocks and a technical analysis suggesting the market may trade positively if indices remain above certain threshold levels.
The key points from the document are:
1) Broad selling was seen across almost all sectors, causing the key indices (Nifty and Sensex) to close deep in the red, down around 2.5-3%.
2) Metals and capital goods sectors saw the largest losses of around 5%, while banking and oil & gas sectors lost around 2.5-3%.
3) The technical charts show the indices have tested a lower trendline and a close below key support levels could lead to further declines in the indices. However, a short bounce is also possible given the sharp recent falls.
The document provides a technical market summary for 14/09/2010. It lists the opening and closing levels of key indices like Nifty and Sensex. It also lists the top 5 gainers and losers during the day along with sectoral performances. The report notes that markets opened with a gap and momentum was seen throughout the day, driving indices to close near their highs. It provides support and resistance levels for the indices and suggests potential upside if levels are crossed. Key positive and negative stocks are also highlighted.
The document provides a daily market summary for 18/08/2010. It summarizes the performance of key indices, top gainers and losers, sectoral performance, and pivots for various stocks. The market opened flat and closed marginally lower with a narrow range formation indicating indecisiveness. Support and resistance levels are provided for the indices. Positive and negative bias stocks for the next 2-3 days are also mentioned.
The document provides a daily market summary for 18/08/2010. It summarizes the performance of key indices, top gainers and losers, sectoral performance, and technical outlook. The Nifty and Sensex closed marginally lower. Pivots and support/resistance levels are provided for various stocks. Positive and negative biased stocks for the next 2-3 days are also highlighted.
The market indices opened positively on news of the RBI monetary policy announcement. Key banking stocks saw strong buying and volume. Technical indicators signal further upside potential for the market, with support at 5180-5160. On the downside, sectors like IT saw losses while realty, banking and PSU saw gains. Overall the market closed slightly higher.
The market indices closed slightly higher, with the Nifty up 1.07% and Sensex up 0.95%. IDFC and Idea were the top gainers, rising over 4% each, while Bharti Airtel and Gail declined over 1% each. Most sectors closed in positive territory, with FMCG and oil & gas rising around 2% and 1.6% respectively. The document provides analysis of index movements and support levels, lists the day's top gainers and losers, and gives sector performance and pivot table values for various stocks.
The market summary provides an overview of the performance of key indices and sectors in the Indian market on a given date. On March 5, 2010:
- The Nifty closed at 5278, up 0.45% while the Sensex closed at 17,559, up 0.32% for the day.
- BPCL (5.84%), Hero Honda (4.17%), and Tata Motors (3.73%) were the top gainers. Ambuja Cements (-3.18%), Wipro (-2.69%), and Tata Steel (-2.16%) were the top losers.
- The realty (1.77%) and auto (1.51
The document provides a market summary for August 30, 2010 including indices levels, top gainers and losers, sectoral performance, and a technical analysis. Key points:
- The Nifty and Sensex closed down 1.26% and 0.26% respectively near crucial support levels.
- GAIL and ONGC were the top gainers while DLF and HEROHONDA lost the most.
- The oil & gas sector gained while banking, IT, and realty declined.
- Markets may see a bounce from current support levels but further upside is faced with resistance. Traders are advised to maintain strict stop losses.
The markets opened positively but were unable to sustain gains and closed in the red. The Nifty witnessed a bearish candlestick pattern and negative momentum in indicators like RSI and Stochastic, suggesting further downside. Key support levels for the indices are 17,558/5,250 and resistance is at 17,793/5,330. Top gainers during the day were DLF, Tata Motors and Cairn India, while top losers were HCL Tech, HDFC Bank and Ambuja Cements. The IT and tech sectors closed lower by around 2-3%, while PSU and realty sectors gained.
The market summary provides an overview of the performance of key indices and sectors in the Indian market on April 15, 2010. The Nifty and Sensex opened flat and traded in a narrow range, closing slightly lower. Top gainers during the day were Infosys, HCL Technologies, and TCS, while top losers were Hero Honda, HDFC, and IDFC. The auto and banking sectors underperformed, while the IT sector saw gains. The technical outlook was positive, with support seen at 5300 levels and resistance at 5360.
The technical report provides a daily market summary for July 16, 2010. Key details include:
- Indian indices Nifty and Sensex opened lower and closed marginally lower, down 0.14% and 0.16% respectively.
- Top gainers were Axis Bank, RelCapital, and Hindustan Unilever, while top losers were BPCL, Gail, and Unitech.
- Sectoral performances were mixed with PSU and oil & gas sectors declining while consumer discretionary rose.
- The report analyzes chart patterns and provides outlook and support/resistance levels for the indices. Pivot points are given for various stocks.
The document provides a technical market summary for 13 July 2010. It includes key indices levels, top gainers and losers, sectoral performance, and a outlook. The Nifty and Sensex opened at 5352 and 17876 respectively and rose to highs of 5403 and 18010 during the day. The report expects the indices to test higher levels of 5450-5475 and 18120-18200 if they close convincingly above 5400 and 18000. Key stocks trends and pivot levels are also included.
The summary provides an overview of the key information from the technical report:
1) Indian indices (Nifty and Sensex) opened marginally higher and traded with strong upside momentum throughout the day, closing at new 52-week highs.
2) IT, Reliance Industries, and capital goods sectors led the gains, while NTPC saw the largest losses.
3) The report advises traders to hold long positions as markets are poised to test all-time highs in the next 2-3 trading sessions, with support levels at 20,400/6,150.
- Axis Bank reported a 38.3% year-over-year increase in net profit to Rs. 735 crore for 2QFY2011, slightly better than the analyst's estimate of Rs. 706 crore.
- Strong operating performance continued as advances grew 36.5% year-over-year and deposits increased 35.7% year-over-year. Net interest income increased 40.5% year-over-year.
- Asset quality was stable with gross and net NPA ratios of 1.1% and 0.3% respectively. The analyst maintains an "Accumulate" recommendation on Axis Bank.
The document summarizes market performance and provides analysis of company results and news from India. It reports that domestic indices closed up modestly, with mid and small cap indices performing better. It reviews results from Electrosteel Castings, noting revenue declined slightly year-over-year but margins fell more sharply due to higher power and other expenses. The company is setting up a new steel plant and awaiting environmental clearance for an iron ore mine.
The document provides a summary of derivative market activity in India for August 26, 2010. Key points include:
- Open interest for Nifty futures decreased by 2.74% while for Minifty futures it decreased by 12.37% as the market closed at 5462.35.
- Nifty August futures closed at a premium of 7.50 points.
- Implied volatility of at-the-money options increased from 15.50% to 16.50%.
- Rollover for Nifty, Minifty, and Bank Nifty futures was 59.11%, 51.87%, and 55.95% respectively.
Surya Roshni is poised for strong growth over the next few years due to substantial capacity expansions across its product lines. The company recently increased manufacturing capacity for lighting products like CFLs by 358% and steel pipes by 29%. This significant capacity expansion is expected to drive sales growth of 23.8% annually over the next few years. Higher sales from the lighting division, which has higher margins, will also increase overall margins. As a result, profits are forecast to grow at a 39% annual rate. With its strong brand and expanding business, Surya Roshni is well positioned for continued growth.
Wipro reported revenues of Rs. 7,730 crores for 2QFY2011, a 6.8% quarter-on-quarter growth, lagging peers. EBITDA margins declined 193 basis points to 20.7% due to promotions, grants, and lower exchange rates. While most industry segments grew, growth was not broad-based. Global IT services grew 6.6% but other key segments like financial services and retail underperformed. IT products declined 9.8% year-over-year, dragging consolidated sales. The outlook guidance of 3.5-5.5% revenue growth for 3QFY2011 was below peers.
The Nifty futures open interest increased by 2.4% while the Minifity open interest barely changed. Some stocks saw increases in open interest like CONCOR (+28.81%), GodrejInd (+28.74%), and Lupin (+26.89%), while others saw decreases like Ibrealeast (-20.44%), Unitech (-17.55%), and PFC (-14.14%). The put-call ratio for Nifty increased to 1.2 from 1.18. Implied volatility decreased for at-the-money Nifty options. Analysts provide commentary on specific stocks and recommend maintaining existing long positions in Suzlon, JPAssociat, and BhartiAirtel
NTPC reported a 7.9% year-over-year increase in net sales for the fourth quarter of fiscal year 2010, slightly ahead of estimates. Operating profit grew 1.9% year-over-year due to a 2.3% increase in sales volumes from commissioning new plants and higher plant load factors, though margins declined. Net profit declined 4.5% due to one-time provisions and lower interest rates. The analyst maintains an "Accumulate" rating and target price of Rs230, seeing continued growth from NTPC's regulated business model and expansion plans offset by potential project delays.
1) Orchid Chemicals has acquired US-based generic marketing and sales company Karalex Pharma through an all-cash deal estimated between 2-2.5x Price/Sales.
2) The acquisition will help Orchid establish front-end presence in the US market and launch 15 new generic products over the next few years.
3) The deal is expected to contribute $10 million to Orchid's revenue in FY2011 and $15 million in FY2012, while maintaining EBITDA margins of 17-18%.
The technical report provides a market summary for the day, including sector performances and top gainers and losers. It then analyzes the daily Nifty and Sensex charts and provides short term outlook and support and resistance levels. Key levels to watch for further upside or downside moves are identified. Specific stocks expected to remain positive or negative in the short term are also mentioned. Pivot points are given for various stocks to watch key support and resistance levels.
Allcargo Global Logistics reported a 22.2% year-over-year and 9.2% quarter-over-quarter increase in revenues to Rs. 639 crore for 2QCY2010, driven by strong growth in ECU Line volumes. Operating profit grew 6.8% year-over-year but operating margins fell 150 basis points to 10.4% due to higher costs. Net profit declined 18.7% year-over-year to Rs. 38 crore due to one-time gains in the prior year quarter. The company expects continued growth from ECU Line and plans to expand container freight station capacity. The analyst upgrades the stock to Accumulate based on improved ECU Line performance and reasonable
Graphite India reported a 10.2% increase in net sales for the first quarter of fiscal year 2011, which was below expectations. Net profit declined 23.9% from the previous year due to a drop in operating margins from 29.0% to 23.0% as graphite electrode prices fell more than anticipated. Segment sales grew for power, steel, and others but were muted for graphite and carbon. While first quarter results were below forecasts, management expects demand and prices to increase going forward as the global steel industry recovers.
GSK Consumer reported a 14.5% year-over-year increase in revenue to Rs537 crore for the second quarter of 2010, below analyst estimates. Earnings grew 30% to Rs71.8 crore, ahead of estimates, driven by margin expansion from lower advertising spending and higher other income. While the company's core brands Horlicks and Boost saw healthy volume growth of 10% and 17% respectively, overall volume growth moderated to around 10%. Looking forward, the company expects advertising spending to increase in the second half of the year with the national rollout of new product Horlicks Foodles.
All cargo result update 1 qcy2010 050510Angel Broking
Allcargo Global Logistics' 1QCY2010 consolidated results were above expectations due to strong pick-up in volumes across segments. While revenues grew by 21.9% year-over-year, operating profit grew by a mere 2.7% due to inability to fully pass on increased freight rates in the ECU line, resulting in margin erosion. However, lower interest expenses and tax rate led to a 23.2% jump in net profit. The company maintained a neutral outlook while being well positioned in container segments.
The RBI's annual monetary policy review raised key policy rates like the repo rate and reverse repo rate by 25 basis points each, in line with expectations. The review projected GDP growth of 8% for FY2011 and placed the baseline inflation projection at 5.5% for the same period. While current inflation drivers are supply-side factors like food and fuel, inflation is becoming more broad-based. Money supply growth is expected to increase, putting upward pressure on interest rates. The summary argues that monetary tightening may need to be front-ended in FY2011 to anchor inflation expectations given reviving consumption and lagged capital expenditure.
- Blue Star reported a 22.6% year-over-year increase in quarterly revenue to Rs875 crore, slightly ahead of estimates. Operating margins were in line with estimates at 12.8%.
- The company has shifted its strategic focus from IT/ITeS and retail segments to hospital, hotel, and infrastructure segments, which have longer execution periods.
- Order inflows increased 43% year-over-year to Rs704 crore for the quarter, indicating an improved outlook. The analyst maintains an "Accumulate" rating with a target price of Rs425.
The Supreme Court delivered its final verdict in the legal dispute between Reliance Industries Limited (RIL) and Reliance Natural Resources Limited (RNRL) over natural gas pricing and supply. The court ruled 2-1 in favor of RIL, finding that the family memorandum of understanding that RNRL relied on was not binding and that government regulations take precedence. The court ordered RIL and RNRL to renegotiate their gas supply agreement in line with government rules within six weeks. This verdict removes the uncertainty around the dispute and is viewed positively for RIL, while being negative for RNRL. Analysts maintain a buy rating on RIL with a target price of Rs. 1,260 per share.
The market indices opened on a positive note but traded in a narrow range and closed with marginal gains. Top gainers were M&M, TATAMOTOR, RELCAPITAL, STER and HDFC, while top losers were SAIL, AXISBANK, RPOWER, ACC and IDFC. Auto and IT sectors saw gains while metal and banking sectors saw losses. Momentum was seen on the upside once key resistance levels were crossed, while support levels were identified for downside movement. Specific stocks were highlighted as positive and negative biased over the next 2-3 days.
Grasim Industries reported a robust 11.5% year-over-year increase in net profit for the fourth quarter of fiscal year 2010, led by an outstanding 65% sales growth in its viscose staple fiber division. The company's overall sales were up 10.8% to Rs. 5,475 crore for the quarter. The cement business also performed well, with a 5.2% sales increase. Going forward, the company plans additional capacity expansions across its businesses to continue its growth trajectory.
The document provides a market summary of key Indian stock indices and sector performances for April 20, 2010. It notes that markets opened lower due to weak global cues but recovered partially in the latter half due to gains in banking stocks. It expects continued volatility in the coming session due to an upcoming RBI policy announcement. On technical charts, the indices are in an oversold position and may see further recovery or declines depending on whether certain resistance and support levels are breached.
The market summary provides an overview of the performance of key indices and sectors in the Indian market on March 25, 2010. The Nifty and Sensex opened marginally higher but witnessed volatility throughout the day, closing with small gains. Certain sectors such as healthcare and oil & gas performed positively, while realty declined. Top gainers during the day included Cairn India and HDFC Bank, while top losers were Tata Motors and IDFC. The technical indicators suggest the indices may rise further if levels are sustained, but downside support is also indicated.
The document provides a market summary for March 5, 2010 including:
- The Nifty and Sensex indices opened higher but closed slightly up.
- The top gainers were BPCL, Hero Honda, and Tata Motors, while the top losers were Ambuja Cements, Wipro, and Tata Steel.
- Most sectors closed positively with realty and auto performing best while metal declined.
- The report provides support and resistance levels for various stocks and recommends trading with a positive bias in select mid-cap stocks.
The document provides a market summary for the day, including key indices levels, top gainers and losers, sectoral performance, and a technical outlook. Some of the key details include:
- The Nifty and Sensex closed lower by 0.69% and 0.53% respectively.
- Cairn, RCOM, and Bharti Airtel were among the top gainers, while Idea, Hindalco, and Sterlite were among the top losers.
- Sectoral performances were mixed with CD and FMCG gaining while realty saw the largest losses.
- The technical outlook remains cautiously optimistic, expecting support around current levels and resistance in the 18,380-18,
The key points from the document are:
1. Indian stock markets opened on a positive note and gained strength throughout the day, closing near the high of the day with the Nifty up 1.53% and Sensex up 1.6%.
2. Certain sectors like IT and metal performed well, gaining over 3% and 1.7% respectively, while top gainers included RPower, RelCapital and Infosys.
3. The document provides analysis that the indices have confirmed a bullish pattern and further upside is likely in coming days if levels of 17351/5201 are sustained. Support levels of 17063-16974/5111-5083 are also mentioned.
The market indices opened flat but ended in the red. Key gainers were SAIL, RCOM, HDFC, SUNPHARMA and GAIL, while major losers were TCS, ITC, HINDUNILVR, HINDALCO and IDEA. FMCG and IT sectors saw losses while healthcare saw gains. Technical indicators suggest the indices may test lower support levels if they trade below given thresholds, but a bounce back is also possible. Key stocks with positive bias included RCOM and NTPC, while negative bias stocks were HINDALCO and IBREALEST.
The document provides a market summary for September 20, 2010. It lists the day's performance of key indices like Nifty and Sensex, along with the top gainers and losers. Specific sector performances are also highlighted. The report predicts that indices may rise further in the coming week but sees potential for consolidation or correction at certain levels. It also lists positive and negative stocks to watch. Pivot points are provided for several stocks. The research team details are given at the end.
The document provides a market summary for July 22, 2010. It summarizes that the key indices closed positively but ranged between support and resistance levels. The top gainers and losers among stocks are listed. Sectoral performances are also summarized, with metals and realty performing best. The document analyzes support and resistance levels for the indices and provides potential pivot levels for various stocks to watch. It identifies some specific stocks with positive and negative bias. In summary, the document analyzes the day's market activity and provides technical indicators for the short-term market outlook and trading opportunities.
The market summary provides an overview of the performance of key indices and sectors in the Indian market on April 23, 2010. The Nifty closed at 5269, up 0.47% for the day. Top gainers included SBI, SAIL and TATAMOTOR, while top losers were TATASTEEL, SUNPHARMA and UNITECH. The oil & gas and auto sectors saw gains while metal and realty saw losses. The report expects the market to trade in the range of 5210-5300 with support at 5235-5205 and resistance at 5340-5360 in the coming sessions.
The market summary provides an overview of the performance of key indices and sectors in the market on the given date. The Nifty and Sensex opened positively but were unable to sustain gains and closed on a flat note. Top gainers during the day included Suzlon, HCLTech and JPAssociat, while top losers were HeroHonda, Gail and Kotak Bank. The IT sector saw losses while other sectors like capital goods and banking saw gains. The report also provides key support and resistance levels for indices as well as pivot levels for select stocks to watch out for in the next trading sessions.
The technical report provides a daily market summary for the Indian stock market. It shows that indices closed in the red with the Sensex down 0.61% and Nifty down 0.56%. Top gainers were BHARTIARTL up 2.44% and top losers were MARUTI down 12.38%. Most sectors closed in the negative with the auto sector down 3.25%. The report also provides pivot levels and positive/negative bias stocks for the next 2-3 days.
The document provides a summary of the Indian stock market indices and sector performances on 15/09/2010. It notes that the key indices, Sensex and Nifty, opened positively and reached new 52-week highs before closing up slightly. The top gainers were led by Kotak Bank, Wipro, and JPAssociat, while the top losers were Hindalco, ACC, and SBIN. Most sectors closed up except for metals. The report identifies potential support and resistance levels and lists stocks that may trend positively or negatively over the next 2-3 days. Pivot point values are also provided for various stocks.
The key points from the market summary document are:
- Indian stock indices (Nifty and Sensex) opened on a positive note but failed to sustain gains, closing near the day's low levels.
- Real estate was the top performing sector, up 1.59%, while oil & gas saw the largest losses of 1.83%.
- JP Power, Dr. Reddy's, and Titan were the top gaining stocks, while LIC Housing Fin, Rolta, and Essar Oil lost the most value.
- The coming trading sessions are expected to see the markets trade in a narrow range, and any dip below 5250 could signal the start of a downtrend in weekly charts.
The Indian markets are expected to open higher, tracking gains in most Asian markets. Spain has asked for a bailout of up to €100 billion for its banking system. Chinese exports grew more than expected in May. In India, shares extended gains for a fifth session despite weak global cues as major central banks held off on additional stimulus. The key support and resistance levels for the Nifty are 5,023 and 5,114 respectively. L&T has bagged orders worth Rs. 483 crore to build commercial vessels in Qatar. Vedanta Resources has acquired a 24.5% stake in Raykal Aluminium for Rs. 201 crore.
Axis Bank reported a 27.0% year-over-year increase in net profit to Rs. 942 crore for the first quarter of fiscal year 2012, in line with analyst estimates. Business growth momentum slowed as advances declined 7.4% quarter-over-quarter and deposits fell 3.0% quarter-over-quarter, moderating the bank's cash-deposit ratio to 40.5% from 41.1% last quarter. However, asset quality remained healthy with slippage ratio declining to 0.8% and gross and net NPA ratios stable.
1) For 1QFY2012, Electrosteel Castings reported 16.4% sales growth but margins declined due to higher raw material costs. EBITDA fell 18.2% and net profit declined 7.2%.
2) While sales volumes grew, costs increased more due to a rise in raw material costs as a percentage of sales.
3) The company maintains a buy recommendation due to initiatives in steelmaking and backward integration that should lower costs starting in FY2013 and valuation remains attractive.
1) For 1QFY2012, Persistent Systems reported revenues of ₹224 crore, up 5.2% over the previous quarter and 23.6% over the same period last year.
2) EBITDA was ₹40 crore, up 5.3% over the previous quarter but margins declined.
3) PAT was ₹28 crore, down 16.8% over the previous quarter due to higher taxes.
4) Management maintained revenue guidance of 29% growth for FY2012 and expects PAT to remain flat despite higher tax rates.
HT Media reported a 22.7% year-over-year increase in revenue to ₹494 crore for the first quarter of FY2012. Revenue was also up 5.8% quarter-over-quarter. Advertising revenue grew 17% year-over-year, with 18% growth in English and 15% growth in Hindi. Operating profit rose 11.8% year-over-year to ₹87.8 crore due to higher other income and lower tax rates, although operating margins contracted by 174 basis points. The company maintained its Accumulate rating based on expectations of continued revenue growth and margin expansion.
The summary is:
1) The derivative report analyzes the performance of the Nifty futures, options, and key stocks from the previous trading session on July 18, 2011.
2) It provides details on changes in open interest, premium levels, volatility, and turnover for various derivatives contracts.
3) Trading strategies and technical analysis is also given for some stocks along with risk-reward profiles of sample spreads trades for the Nifty.
The market ended lower, with the Sensex and Nifty closing down 0.3%. Mid- and small-cap indices closed higher. Select heavyweights like Hindalco Industries and BHEL gained 1-3%, while TCS and Tata Motors lost 1-2%. In corporate news, Motherson Sumi Systems agreed to acquire an 80% stake in Peguform for €141.5 million. HDFC Bank, Cadila Healthcare, Crompton Greaves, and Ashok Leyland are scheduled to announce their quarterly results. The trend for the day will be decided by whether Nifty trades above or below the levels of 18,533/5,572 in early trade.
- GSM subscriber additions in India continued their declining trend in June 2011, with net additions of 9.6 million, down 10% from the previous month.
- All major operators except BSNL reported a drop in subscriber additions. Bharti and Vodafone each added 2.1 million subscribers.
- The total GSM subscriber base reached 598.8 million in June 2011, with Bharti, Vodafone, Idea and BSNL maintaining their major market shares.
The document provides a technical analysis of the Indian stock market indices Sensex and Nifty for the week of July 16, 2011. It summarizes that the indices declined over 1.5% for the week and are currently trading in a range between 18,326/5496 on the downside and 19,132/5740 on the upside. It notes that a break above or below this range would dictate the direction of the upcoming trend. The analysis also lists pivot levels for 50 Nifty stocks to watch in the coming week.
The document provides a summary of derivative market activity in India for July 18, 2011. Key points include:
- Nifty futures open interest increased 0.67% while Mini Nifty increased 3.48% as the market closed at 5581.10
- Nifty July futures closed at a premium of 5.85 points and August futures at a premium of 22.60 points
- Implied volatility of at-the-money options decreased from 18% to 17.3%
- Total open interest in the market was Rs. 135,158 crore with stock futures open interest at Rs. 34,675 crore.
The indices opened flat but traded choppily throughout the day. Metal, auto and realty stocks declined while IT stocks gained. The indices are currently trading in a range between 18,326-18,810/5496-5653 on the downside and 19,132-19,094/5740-5700 on the upside. A break above these resistance levels could lead to further gains while a break below support could result in losses extending to 17,805-17,950/5350-5400. Pivot levels for 50 Nifty stocks are provided.
- The key Indian stock indices declined slightly, with the Sensex and Nifty closing down 0.3%.
- GSM subscriber additions in India continued their declining trend in June across most major operators such as Idea, Bharti Airtel, and Vodafone. Total GSM subscriber addition was 9.6 million, down 10% from the previous month.
- Tata Motors reported flat annual global sales growth in June 2011 compared to the previous year.
- South Indian Bank reported a 41.2% year-over-year increase in net profit to Rs. 82 crores for the first quarter of fiscal year 2012, slightly below analyst estimates.
- Business growth remained strong, with advances growth of 31.2% and deposits growth of 35.5% year-over-year. However, net interest margins compressed by 29 basis points sequentially to 2.8% due to a sharp rise in the bank's cost of deposits.
- Non-interest income was boosted by treasury gains, but fee income growth was modest. Asset quality was stable with gross and net NPAs rising marginally, and provision coverage at a comfortable 73.1%.
Bajaj Auto reported marginally lower-than-expected results for the first quarter of fiscal year 2012, with net sales growth of 22.8% year-over-year driven by a 17.7% increase in volumes. However, operating margins contracted by 145 basis points quarter-over-quarter to 19.1% due to a 150 basis point increase in raw material costs. As a result, net profit grew by 20.5% year-over-year to ₹711 crore, which was slightly below analyst estimates. Going forward, the analyst expects further margin pressure and has revised downward its earnings estimates for fiscal years 2012 and 2013 to factor in higher raw material costs and changes to export incentives.
1) Tata Consultancy Services (TCS) reported strong results for the first quarter of fiscal year 2012, outperforming expectations with revenue growth of 6.3% over the previous quarter and 31.4% over the same quarter of the previous fiscal year.
2) A key highlight was 7.4% quarter-over-quarter growth in business volumes. While profit margins declined due to wage hikes, net profit remained flat due to foreign exchange gains.
3) Management maintained a positive outlook, highlighting strong demand environment and deal pipeline, and expects pricing increases later in the fiscal year.
The document summarizes the Indian stock market outlook and performance on July 15, 2011. It reports that domestic indices closed with modest gains of 0.1-0.4%, while global indices declined. Wholesale price inflation in India rose to 9.44% in June 2011, above estimates and persisting above 9% for seven months, driven by increases in primary articles and fuel costs. Key benchmark levels are identified for determining if the market may continue rallying or correct in the near term.
The summary is:
1) The derivative report analyzes the movement in Nifty futures, options, and individual stocks between July 14-15, 2011.
2) Nifty futures open interest decreased while mini Nifty open interest increased as the market closed at 5599.80.
3) Implied volatility of at-the-money options increased from 17.6% to 18%.
The Sensex and Nifty indices opened lower and traded with volatility, closing marginally lower. On the sectoral front, Realty, Banks and Healthcare gained while IT and FMCG fell. The advance-decline ratio favored advancing stocks. On the daily chart, prices tested but did not close above the downward gap area of 18,679-18,589/5,601-5,580 levels. Immediate resistance is seen at 18,735/5,633, while 18,449/5,541 is crucial support.
1) Infosys reported modest revenue growth of 3.2% qoq for 1QFY2012. EBITDA and margins declined due to wage hikes.
2) Guidance for 2QFY2012 revenue growth was lower than expected at 3.5-5% qoq. Annual revenue growth guidance was unchanged.
3) The analyst revised EPS estimates down and cut the target price to INR 3,200 due to macro concerns and muted guidance.
This document summarizes a derivative report from India Research dated July 13, 2011. Some key points:
- The Nifty futures open interest increased 0.51% while Minifty futures open interest rose 8.2% as the market closed at 5526.15.
- Implied volatility of at-the-money options increased from 18% to 19.75%. PCR-OI decreased from 1.20 to 1.15.
- Total open interest of the market is Rs. 125,816 crore and stock futures open interest is Rs. 33,500 crore.
- FII were net sellers of Rs. 969 crore in the cash market segment. Put-call
1. Date : 06/04/2010
Market Summary
Indices Top 5 Gainers Top 5 Losers Sectoral Watch
Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L
Open 5291.00 17694.00 HEROHONDA 5.85 IDEA 1.47 REALTY 2.66
High 5378.00 17949.00 RELINFRA 5.42 GRASIM 0.83 OIL&GAS 2.03
Low 5291.00 17694.00 BHARTIARTL 4.83 TCS 0.59 AUTO 2.00
Close 5368.00 17936.00 DLF 4.20 HINDUNILVR 0.43 BANKEX 1.86
% Chg 1.47 1.37 ICICIBANK 3.40 BPCL 0.41 METAL 1.71
Source : Falcon NIFTY DAILY CHART
Markets opened on a positive note and consistent buying as the day progressed led the indices to close near the
days high. The coming trading session is likely to trade with positive bias, if indices trade above 17949 / 5378
levels. On the upside indices are likely to test 18000 – 18120 / 5400 – 5450 levels. On the downside 17768 –
17714 / 5324 – 5300 levels may act as support for the market.
Stocks +ve Bias Stocks -ve Bias
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3. RESEARCH TEAM
Shardul Kulkarni Head - Technicals
Ajit Joshi AVP - TAS
Brijesh Ail Manager - TAS
Mileen Vasudeo Technical Analyst
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