Friday, 16 February 2018

Market Update: Nifty PSU bank drags as Union Bank, PNB shed 1-2%, IT outperforms; HCL Tech up 2%

The stocks that hit new 52-week high on NSE included KEC International and Polaris Consulting among others while Dena Bank, Punjab National Bank and Syndicate Bank were some of the stocks that hit fresh 52-week low.

 INDIAN STOCK MARKET TIPSThe Indian benchmark indices were trading on a positive note on Friday morning with the Sensex gaining over 51 points while the Nifty was up 15 points at 10,559.

Nifty IT was the outperforming sector which jumped 1.3 percent led by stocks like HCL Tech, TCS, Mindtree, Infosys, Tech Mahindra and Wipro.

Despite the PNB fraud effect on the Bank Nifty, the index managed to stay in the green led by stocks like ICICI Bank which was up 1 percent followed by Federal Bank and Yes Bank. INDIAN STOCK MARKET TIPS

The Nifty PSU banking index was down 0.6 percent with PNB falling over 2 percent after the bank detected some fraudulent transactions Worth USD 1,771.7 million on February 14, 2018.

Union Bank of India which has some exposure to the fraud was down 1.6 percent while SBI shed 0,5 percent.
11:23 16-02-2018

From the Nifty, the stocks that gained the most were HCL Tech which jumped 2.6 percent followed by Ambuja Cements and TCS which gained over 2 percent each. Infosys and Dr Reddy's Labs were the other gainers.

The top Nifty losers included BPCL, Adani Ports, Power Grid, Hindustan Unilever and Axis Bank.

The most active stocks included PNB which shed 2.2 percent followed by Fortis which was down 0.5 percent. Infosys, State Bank of India and Jet Airways were the other active stocks.

From the BSE, Vakrangee jumped close to 5 percent followed by KEC International, Max India, HCL Tech and Swan Energy.

The stocks that hit new 52-week high on NSE included KEC International and Polaris Consulting among others while Dena Bank, Punjab National Bank and Syndicate Bank were some of the stocks that hit fresh 52-week low.

The market breadth was in favour of the declines with 783 stocks advancing in while 792 stocks declined and 436 remained unchanged. On the other hand, 1003 stocks advanced on BSE with 1082 stocks declining and 98 remained unchanged.

Macquarie has maintained an Underperform rating on Punjab National Bank with target of Rs 128. The house is of the view that if the bank is held liable, this would translate to 27 percent of net worth and 43 percent of market cap and would wipe out profits made from FY12 to FY17.

JPMorgan has maintained a neutral rating on Punjab National Bank with target of Rs 195 and expects this event to remain an overhang on stock price in the near term. It is of the view that if liability of Rs 11,300 crore booked, then there will be 15 percent hit to FY19 estimated book value per share.

PNB could divest its 33 percent stake in PNB Housing Finance, it added.

Tuesday, 6 February 2018

Market Update: HDFC Bank, IndusInd Bank top losers, fall 3% each; Airtel jumps 4%; Bombay Dyeing zooms 17%

The top Sensex gainers included Bombay Dyeing which zoomed 17 percent followed by PC Jeweller adding 14 percent. Polaris, Kadico Khaitan and Firstsource Solutions were the other gainers.

 INDIAN STOCK MARKET TIPSThe beginning of the week belonged to the bears as the Indian benchmark indices continued to bleed on Monday afternoon with the Nifty plunging 88 points while the Sensex dived over 305 points.

Bank Nifty was trading lower by 1.38 percent dragged by IndusInd Bank, Yes Bank, HDFC Bank and ICICI Bank.

Nifty PSU banking index was up 0.26 percent led by Bank of Baroda, IDBI Bank, Punjab National Bank and Oriental Bank of Commerce.

The top Nifty losers included names like HDFC Bank and IndusInd Bank each falling over 3 percent followed by L&T, Kotak Mahindra Bank and Adani Ports, each shedding over 2 percent.

The top Nifty gainers included Bharti Airtel which jumped 4 percent followed by Tata Motors and HPCL which gained 2 percent each. Power Grid and ITC were the other top performers.

The top Sensex losers were Vakrangee which tanked 10 percent while Sterlite Tech, Whirlpool and Aegis Logistics were down over 6 percent each. INDIAN SHARE MARKET TIPS

The top Sensex gainers included Bombay Dyeing which zoomed 17 percent followed by PC Jeweller adding 14 percent. Polaris, Kadico Khaitan and Firstsource Solutions were the other gainers.

Tech Mahindra and United Breweries were one of the few Nifty stocks that hit new 52-week high.

On the other hand, Castrol India, Andhra Bank, Fortis Healthcare, IDFC twins, LIC Housing Finance, PFC, PTC India Financial, Srei Infra, Suzlon Energy, Union Bank and Welspun India were some of the stocks that hit new 52-week low.

The market breadth was in favour of the declines on Monday afternoon with 570 stocks advancing while 1164 stocks declined and 311 stocks remained unchanged. On the BSE, 926 stocks advanced while 1752 stocks declined and 156 remained unchanged.

Monday, 5 February 2018

Sensex, Nifty crack over 1% as markets bleed further, 127 stocks hit new 52-week low; IT trades in green

The market breadth was in favour of the declines on Monday morning with 120 stocks advancing while 1532 stocks declined and 382 stocks remained unchanged. On the BSE, 266 stocks advanced while 1960 stocks declined and 79 remained unchanged.

 stock tips NSE Intraday tips  The Indian benchmark indices continued to bleed further on Monday morning with the Nifty plunging 128 points (lower by 1 percent) while the Sensex dived over 1 percent, shedding over 371 points.

Nifty Realty was the underperforming sector which was down close to 2 percent as stocks like Oberoi Realty dipped close to 7 percent followed by Delta Corp, Godrej Properties, Prestige Estates and Unitech.

However, it was the IT space which was the only sector trading in the green, up 0.66 percent led by Tech Mahindra, Cyient, Wipro and TCS. STOCK NSE INTRADAY TIPS

The Nifty midcap index was down 2.4 percent dragged by Biocon, Allahabad Bank, Hindustan Zinc, IFCI, India Cements, L&T Finance, JSW Energy, SAIL and Union Bank of India among others.

The top Nifty losers included names like Vedanta which fell 5 percent while Bajaj Finance and Yes Bank were down 3.5 percent each. Hindalco Industries and Indiabulls Housing Finance were the other top losers.

The top Nifty gainers included Wipro and Tech Mahindra which gained over 1 percent each followed by Tata Motors, TCS and HCL Tech.

The top Sensex gainers were PC Jeweller which zoomed over 16 percent followed by Bombay Dyeing and Firstsource Solutions among others.

The top Sensex losers included Sterlite Tech which plunged over 10 percent closely followed by Vakrangee which was down 10 percent. Srei Infra, Whirlpool and Aegis Logistics were the other top losers.

Tech Mahindra was one of the few Nifty stocks that hit new 52-week high.

On the other hand, Castrol India, Fortis Healthcare, IDFC twins, LIC Housing Finance, PFC, PTC India Financial, Srei Infra, Suzlon Energy, Union Bank and Welspun India were some of the stocks that hit new 52-week low.

The market breadth was in favour of the declines on Monday morning with 120 stocks advancing while 1532 stocks declined and 382 stocks remained unchanged. On the BSE, 266 stocks advanced while 1960 stocks declined and 79 remained unchanged.
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Friday, 2 February 2018

Budget 2018: Not sure where to invest post Budget? Top 20 winning stocks to buy

“On the overall basis, long-term capital gains tax doesn’t look dampening and revenue growth assumptions are looking realistic. Investors should focus on sectors/stocks having agri or rural theme. Escorts, Ashok Leyland, M&M, PI Inds and UPL will be positive,” Hemang Jani, Head Equity Sales & Advisory, Sharekhan told Moneycontrol.

INTRADAY STOCK COMMODITY TIPSThe Finance Minister Arun Jaitley delivered the complete opposite of what the D-Street was expecting. Nevertheless, D-Street put up a brave face as the finance minister tinkered with the long-term capital gains tax (LTCG).

It was a political budget but at the same time balanced. Although, the rise in the fiscal deficit, as well as 10 percent tax on LTCG, might come as a disappointment to investors which is likely to be a short-term negative for D-Street.

However, after knee-jerk reaction the focus will shift back to earnings, say experts. The Disinvestment target of Rs80,000 crore for 2018-19 is conservative but again lacks boldness in divesting non-core assets.

India Union Budget 2018-19 Live: News, updates and highlights from FM Arun Jaitley's Budget 2018 speech, announcements
“The Budget, being the last one before a general election was expected to tilt toward the voting populace and so it has played out accordingly. The MSME segment which bore the full brunt of the disruptions last year has been given some succour,” Kunj Bansal Executive Director & CIO Centrum Wealth Management told Moneycontrol.

“Now, that the event is behind us, it is likely the market would take the changes in its stride over the next few weeks and focus more on actual earnings which look like they should have a better year than at least the last few. INTRADAY STOCK COMMODITY TIPS

The focus of the Budget was largely on infrastructure, healthcare, education, agriculture sectors. Hence, the next set of multibaggers will come from this theme which is also the crucial question - where should investors put their money? Are there any stocks which are likely to gain the most from Arun Jaitley’s Budget 2018?

“On the overall basis, long-term capital gains tax doesn’t look dampening and revenue growth assumptions are looking realistic. Investors should focus on sectors/stocks having agri or rural theme. Escorts, Ashok Leyland, M&M, PI Inds and UPL will be positive,” Hemang Jani, Head Equity Sales & Advisory, Sharekhan told Moneycontrol.

“Other picks include names like Apollo Tyre: Raise in customs duty on truck-bus radial tyres from 10 to 15 percent to benefit the company. ITC: No increase in tax rates on Cigarettes – Qtrly nos have been in-line,” he said.

We have spoken to various experts and here are 20 stocks which are likely to benefit the most from the Budget, do you own any?

Analyst: Vinod Nair Head of Research at Geojit Financial Services

Escorts

Escort Ltd (EL) will be a direct beneficiary owing to the government focused approach to encourage farm mechanization and growth in infrastructure segment.

The total allocation for Rural, Agriculture and Allied sectors was Rs2 lakh core which is 10% higher than the previous budget.

Agricultural credit has also increased by 10% and fixed at a record level of Rs11 lakh crores, which is expected to drive demand for tractors. Similarly, Bhart mala projects will create additional demand for construction equipment’s segment.

Interglob Aviation (Indigo)

In the last 3 years, the Indian domestic air passenger traffic grew at 18% per annum, while domestic carriers were facing congestion in major airports.
Considering this, the proposal for increasing the capacity of 124 airports by 5 times is expected to boost the number of flights operated, higher traffic growth and operational efficiency. Indigo will be a key beneficiary from this move given in 40% in Indian aviation sector.

UPL Ltd:

The Minimum support price (MSP) of 1.5 times of the cost of production for notified crops and increase in Institutional credit for the agriculture sector to Rs.11 lakh crore is expected see an uptick in the area under cultivation which will boost demand for seeds and crop protection.

UPL with presence across agri-input value chain from seeds to post-harvest chemicals will be a key beneficiary from this.

Larsen & Toubro (L&T)

Allocation for NHAI and Roads & Bridges has increased by 16% to Rs 70,544cr from 60,671cr This will improve the outlook for infrastructure, EPC and BOT companies like L&T.

Additionally, the government is targeting to complete 9,000km of the national highway in FY18 which will help to rejuvenate the current execution cycle of EPC companies.

NBCC (India) Ltd

Urbanization is another priority for the government, like smart city and AMRUT. The total cash outlay is expected to be Rs2.04lakh crore, with as many 99 cities selected under the ambitious Smart city mission.

NBCC has been a Navaratna enterprise under Ministry of Urban development having expertise in executing large projects, is expected to be a key beneficiary.

Analyst: Rakesh Tarway, Head Research, Reliance Securities

HUL, Hero Motocorp, ITC, Godrej Agrovet:

Government impetus on rural spending will have a far-reaching impact on growth rates of country and reduction of income gaps in society. Companies and sectors deriving the majority of revenues from the rural economy like 2 wheelers, FMCG Companies, fertilizer companies will benefit from the push to rural spending.

KNR Construction, J Kumar, NCC, JK Cement and Sagar Cement:

Budget 2018 continued to put a strong focus on infrastructure development, which is in line with the expectations. FM has allocated an extra-budgetary support of Rs5.97 lakh crore compared to Rs3.96 lakh crore in the last budget for the infrastructure sector, which is encouraging as India needs a large amount of investment in infrastructure due to growing needs.

We understand higher allocation in infrastructure segment will essentially expedite infrastructure development in the country, which in turn will aid many industries i.e. metals, cement, building materials, etc.

We like construction companies like KNR Construction, J Kumar, NCC to play infrastructure theme from the budget. We also like cement companies like JK Cement and Sagar Cement to benefit from push to infra.

Thyrocare and Dr. Lal Path Labs:

Union Budget has also proposed coverage of Rs 5Lac per household to total 10 Cr households for hospitalization. The move will benefit hospital chains like Apollo Hospitals and Narayana Hrudyalay.

It will also have a positive rub-off impact on companies like Thyrocare and Dr. Lal Path Labs. Insurance companies will also benefit because of insurance premium received towards coverage of families.

Gruh Finance, DHFL, and Can Fin Homes:

Among other major initiatives budget has proposed the creation of affordable housing fund under NHB. This will benefit all affordable housing players like Mahindra Lifespace, Ashiana Housing etc.

It will also have a positive impact on affordable housing financiers like Gruh Finance, DHFL, and Can Fin Homes.

Apollo Tyres and JK Tyre:

Within tax proposals, the budget has proposed to increase customs duty on imported Truck and Bus Radials from 10-15 percent, which will benefit companies like Apollo Tyres and JK Tyres who have major exposure towards truck tyres.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Tuesday, 30 January 2018

Buy, Sell, Hold: 6 stocks & 1 sector are on investors’ radar on January 30, 2018

HDFC, Tech Mahindra and KPIT Tech, among others, are being tracked by analysts on Tuesday.

 share market trading tipsHDFC

Brokerage: CLSA | Rating: Buy | Target: Rs 2,200

The global research firm said that an uptick in lending activity will lead growth & RoE. But, a rise in interest rates is a potential risk to spreads. The risk, it said, is due to rise in rates which can be mitigated by hike in corporate lending rates.

Brokerage: Motilal Oswal | Rating: Buy | Target: Rs 2,260

Motilal Oswal said that the company’s AUM growth continues to surprise; spreads stable QoQ. Further, it said that the company reported a steady quarter, with core PBT up 13 percent year on year. It observed that the firm has continued to surprise positively on the opex front. Retail loan growth impressive, despite intense competition & high base. Share Market Trading Tips

Tech Mahindra

Brokerage: CLSA | Rating: Sell | Target: Raised to Rs 500

CLSA said that Q3 results were ahead of expectation despite drag in Telecom, BFSI. It has upgraded margin estimates by 30-90 basis points, which is driving FY19/20 EPS upgrades. It also observed that the company’s margin expansion comes at cost of delayed wage hikes, persistent redundancies.

Brokerage: Motilal | Rating: Buy | Target: Rs 700

Motilal Oswal said that the firm put up a good show on profitability; visibility on further improvement remains strong. Further, it felt that opinion of a re-rating has only grown stronger after Q3.

Brokerage: Credit Suisse | Rating: Outperform | Target: Raised to Rs 720

Credit Suisse said that FY19 P/E was reasonable at 15x with estimated 16% EBIT CAGR over FY18-20. Further, enterprise business was solidly poised and should be a beneficiary of cyclical tailwind. It also said that Q3 is demonstrating that turnaround is well on track.

Inox Leisure

Brokerage: CLSA | Rating: Buy | Target: Rs 330

CLSA reported that the screen addition was slower and is still awaiting e-tax exemption clarity. Further, content pipeline for the current quarter appears to be strong. But it has downgraded FY18/19 EPS estimates by 13/6 percent.

Emami

Brokerage: Citi | Rating: Buy | Target: Rs 1,270

Citi said that the company’s Q3 missed expectations on account of subdued topline performance. Meanwhile, wholesale is yet to fully normalise, coupled with pressures in CSD. Rural recovery & efforts on sales & distribution needed for volume rebound, it said.

Orient Cement

Brokerage: Motilal Oswal | Rating: Buy | Target: Rs 179

Motilal Oswal said that the firm’s dismal performance was due to weak realisation. Further, JP Associates’ asset acquisition would help co raise capacity by 38%. It values the company at EV/tonnne of USD 86 on FY20 estimates.

KPIT Tech

Brokerage: Axis Cap

The brokerage house values Birlasoft merger as neutral for the company. It added that deal values Birlasoft at par with KPIT despite strong growth.

Autos

Brokerage: CLSA

CLSA said that sequential trends strong in trucks but a tad weak in PVs/2-wheelers, adding that passenger vehicle (PV) volumes grew at a modest 5% yoy. It also expects PVs/2-wheelers to grow 10%/14% yoy in fy18 & trucks, 3%. For FY19, it is factoring in 10% industry growth. For M&HCVs, it sees 3 percent year on year growth in FY18, but sees upside risk if current volumes sustain.

Monday, 29 January 2018

Market Live: Sensex gains 300 pts, Nifty nears 11,150; Newgen debuts with 5% premium

Avenue Supermarts, KPIT Technologies, Shriram City Union Finance, Kokuyo Camlin, Maithan Alloys, Bhageria Industries and Persistent Systems gained 2-4 percent post earnings.

INTRADAY STOCK TIPS10:15 am Rupee Trade: The rupee was trading higher by 3 paise at 63.51 against the US dollar in morning at the interbank foreign exchange market amid the greenback's gains in overseas markets.

The rupee opened lower by 5 paise at 63.60 today against the previous close of 63.55.

A record opening in the domestic equity market capped the fall, dealers said.

On Thursday, the rupee had gained 14 paise to end at a fresh one-week high of 63.55 a dollar.

10:01 am Listing: Newgen Software Technologies share price listed at Rs 256 on the National Stock Exchange, up 4.5 percent over issue price of Rs 245 per share today.

The stock price hit an intraday high of Rs 266.70 (up 8.85 percent) and low of Rs 254.10, which was the pre-opening rate. INTRADAY STOCK TIPS

9:59 am Market Update: Benchmark indices extended rally in morning as the Sensex gained 307.39 points or 0.85 percent at 36,357.83 and the Nifty rose 75.10 points or 0.68 percent to 11,144.80.


About 1,289 shares advanced against 827 declining shares on the BSE.

9:55 am Pre-Opening: Newgen Software Technologies share price settled at Rs 254.10, up 3.71 percent over issue price of Rs 245 per share in pre-opening trade.

9:45 am Order Win: Shares of KSB Pumps gained 5.6 percent in morning on bagging orders of Rs 413 crore.

" ....... received orders of around Rs 413 crore from Nuclear Power Corporation of India (NPCIL) for supply of primary coolant pumps and electric motor along with auxiliaries and accessories for their Gorakhpur Haryana Anu Vidyut Pariyojana – 1 & 2 project."

The sales / supply of products/ services for these orders will be in a phased manner during the years 2022 and 2023.

9:32 am Earnings Reaction: Avenue Supermarts shares gained 5 percent as Q3 net profit grew by 65.8 percent to Rs 251.8 crore and revenue rose 22.6 percent to Rs 4,094.8 crore compared to year-ago period.

Operating profit jumped 46.4 percent to Rs 421.8 crore and margin expanded to 10.3 percent from 8.63 percent YoY.

9:26 am Results Today: More than 70 companies will announce their December quarter earnings today, which include Emami , HDFC, Tech Mahindra, Apar Industries Limited, Astra Microwave Products, Astron Paper & Board Mill, Automobile Corporation Of Goa, Balaji Amines Limited, Balaji Amines, Balmer Lawrie, Binani Industries, Century Textiles, Elgi Equipments, Emkay Global Financial Services, Himadri Speciality Chemical Limited, INOX Leisure Limited, IDFC, Indian Metals & Ferro Alloys, Laurus Labs, Maharashtra Scooters, Mahindra Logistics, Novartis India, Orient Cement, Ramkrishna Forgings, Reliance Communications, SIS, Shakti Pumps, Siyaram Silk Mills, SPARC, Subex and Wockhardt.

9:21 am Listing: Newgen Software Technologies is set to make its debut on exchanges today after good response to the initial public offer. The company has fixed issue price at higher end of price band of Rs 245 per share.

The initial public offer (IPO) of the IT firm was oversubscribed 8.25 times during January 16-18, 2018.

The Rs 425-crore IPO had received bids for more than 10 crore shares against the total issue size of 1.22 crore shares, as per data available on the NSE website.

The IPO comprised of fresh issue of shares worth up to Rs 95 crore by the company and an offer for sale of 13,453,932 equity shares by the existing shareholders.

9:15 am Market Check: Benchmark indices staged smart performance in opening the first day of Budget week as the Sensex and Nifty hit fresh record highs, tracking positive trend in Asian peers and ahead of Union Budget 2018.

The 30-share BSE Sensex was up 223.04 points or 0.62 percent at 36,273.48 and the 50-share NSE Nifty gained 51.60 points or 0.47 percent at 11,121.30. About 1,017 shares advanced against 373 declining shares on the BSE.

Maruti Suzuki jumped 3 percent after earnings and revision in royalty payment.

ICICI Bank, Bharti Airtel, Dr Reddy's Labs, HPCL and BPCL fell 1-3 percent.

Nifty Midcap index gained 0.5 percent.

Avenue Supermarts, KPIT Technologies, Shriram City Union Finance, Kokuyo Camlin, Maithan Alloys, Bhageria Industries and Persistent Systems gained 2-4 percent post earnings.

SRG Housing Finance surged 6 percent and Can Fin Homes gained 2.5 percent.
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Thursday, 25 January 2018

Market Update: L&T, ONGC, Vedanta hit record highs despite broader indices trading flat; SBI falls 2%

The market breadth was in favour of the advances on Thursday morning with 804 stocks advancing as against 782 declines while 418 remained unchanged. On the other hand, 1051 stocks advanced and 948 stocks declined while 85 remained unchanged on the BSE.

 INDIAN STOCK MARKET TIPSThe Indian benchmark indices were trading lower with the Nifty shedding 16 points, trading at 11,070 while the Sensex was down 75 points  and was trading at 36,086.

CNX Infra was the outperforming sector which gained 0.8 percent as stocks like Larsen & Toubro gained 1.34 percent hitting record high while Siemens and Voltas added close to 1 percent each. Reliance Power and Engineers India were the other gainers.

Nifty IT was the biggest drag which was down 1.7 percent as stocks like Tech Maindra, Oracle Financial, HCL Tech and Infosys traded lower.

From the Nifty, the stocks that gained the most were Vedanta which jumped 2.56 percent hitting record highs while Hindalco also notched up 2 percent gain. Cipla, L&T and GAIL India were the other gainers. INDIAN SHARE MARKET TIPS

The most active stocks were State Bank of India which was down over 2 percent while PNB and Biocon shed 3-4 percent each. Bharti Airtel and IDBI Bank were the other active stocks.

From the BSE, the stocks that gained the most included UCO Bank which jumped close to 6 percent followed by NCC and Rain Industries adding 4 percent each. Sobha and Mphasis were the other top gainers.

25 stocks hit fresh 52-week high on NSE including ABB followed by L&T and L&T Tech. Escorts, ONGC and Vedanta from the NSE hit record highs in the morning trade.

From the BSE, ABB, L&T, L&T Tech, NIIT Tech, Escorts, Vedanta and ONGC were some of the stocks which hit fresh 52-week high.

The market breadth was in favour of the advances on Thursday morning with 804 stocks advancing as against 782 declines while 418 remained unchanged. On the other hand, 1051 stocks advanced and 948 stocks declined while 85 remained unchanged on the BSE.
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