Indian Adr/Gdr
Infy:+2.53%, Wit:+0.82%
Ttm:+2.06%, Rdy:+1.81%
Hdb:+0.38%, Ibn:+1.56%
SBID:+1.81%, RIGD:+0.65%
Indian Adr/Gdr
Infy:+2.53%, Wit:+0.82%
Ttm:+2.06%, Rdy:+1.81%
Hdb:+0.38%, Ibn:+1.56%
SBID:+1.81%, RIGD:+0.65%
Market Update:
Sgx Nifty +48 pts
Dow +157.54 pts ,Nsdq +111.81 pts , S&P +22.64 pts ,Bovespa -175 pts , Ftse +67 pts , Dax +302 pts, Cac +121 pts, Nikkei +184 pts, now, Crude @ $44.63 brl (+0.03), Brent @ $47.94 (+0.06) , Gold @ $1163.30 (+0.30), Silver @ $15.83 (+0.00), Euro @ $1.1029, JPY @ $121.1700, INR @ $64.8288
Today's Key Result
26th Oct
Bharti Airtel(Cog Cons Est Net 905cr -35% Yoy)
Hdfc( Cog Est Net 1462cr +8% Yoy)
Advanta,Aptech,Asian Granito,Blue Star,Emkay Global,Entertain Net,Hester Science,Hfcl,Hind Media,Hitachi Home,Inox, Moldtek,Peninsula,Rane Eng,Ster Tech,Super Sales,Upl,Vikas Global,Wonderla
BUY TCS @ 2490-2500 SL 2448 TGT 2600 | 5-10 Days
In last five months, the prices have been trading in a range of `2450 to `2770 and prices are trading at the support end of the range post recent correction.
Around the support zone, the stock has formed a ‘Gravestone Doji’ candlestick pattern in yesterday’s trading session, which can be a trigger for the short term up move in the counter.
The ‘Stochastic’ indicator is giving positive crossover with its average from the oversold territory in the daily chart, indicating a bounce on cards.
Looking at the above technical evidences, we are expecting a pullback move in the stock. Thus, we advise traders to buy this stock from current level and on a correction up to ` 2490 for a target of ` 2600 in coming 5 to 10 trading sessions. The stop loss for this trade set up can be kept at ` 2448.
Bank Nifty Levels
Support 1 – 17730 Resistance 1 – 17960
Support 2 – 17580 Resistance 2 – 18175
Indian Adr/Gdr
Infy: -0.67%, Wit: -0.24%
Ttm: -0.21%, Rdy:+3.58%
Hdb: -0.06%, Ibn: -1.74%
SBID:+0.03%, RIGD:+3.47%
Today's Key Result
20th Oct
ACC ( Cog Cons Est Net 153Cr -20%Yoy Time-After mkt)
Hero Motoco( Cog Est Net 729cr -4% Yoy Time-After mkt)
Adani Trans,Aro Granite,Bajaj Finance,Bajaj Finserv,Basf,Bayer Crop,Biocon,Canfin Home,Cont Corp,Dewan Hous,Federal Bank, Foseco,Hatsun Agro,Inter Paper Appm,Jyothi Lab,Kajaria Cer, Mphasis,Rane Madras,Sanofi, Syngene,Welspun,Zee Media,Zensar
Market Update:
Sgx Nifty +2 pts
Dow +14.57 pts ,Nsdq +18.79 pts , S&P +0.55 pts ,Bovespa +211 pts , Ftse -25 pts , Dax +59 pts, Cac +1 pts, Nikkei +115 pts, now, Crude @ $46.15 brl (+0.26), Brent @ $48.61 (-1.85) , Gold @ $1169.00 (-4.00), Silver @ $15.80 (-0.03), Euro @ $1.1327, JPY @ $119.4800, INR @ $64.8050
Today's Key Result
19th Oct
HCL Tech( Cog Cons Est Net 1779cr - 5% Yoy)
Ultratech Cem( Cog Cons Est Net 457cr +10% Yoy)
Blue Star Info,Gati ltd,Gruh Fin,Heritage Food,Hind Zinc,Kesoram,Kitex Garment,Mah Scooter,Mang Chem,Motilal Oswal,Petronet Lng,Rane Brake,Sks Micro,Tinplate
Market Update:
Sgx Nifty -18 pts
Dow +74.22 pts ,Nsdq +16.59 pts , S&P +9.25 pts ,Bovespa +74 pts , Ftse +39 pts , Dax +39 pts, Cac +27 pts, Nikkei -31 pts, now, Crude @ $47.30 brl (+0.04), Brent @ $50.50 (+0.04) , Gold @ $1177.40 (-5.70), Silver @ $16.02 (-0.09), Euro @ $1.1369, JPY @ $119.2800, INR @ $64.8150
Result Review
LIC HOUSING FINANCE (CMP: `490 / TP: `570 /Upside: 16.3%)
LIC Housing Finance reported 2Q FY2016 results, which were above consensus estimates, with PAT at INR 411.7 cr reflecting a growth of 21% yoy. NII grew substantially at 34% yoy, aided by healthy loan book growth of 17% yoy and higher margins, leading to 31% yoy growth in operating income at INR 780.3 cr. Provisioning expenses for the quarter came in at INR 30.1cr as compared to INR 44.3cr in 1QFY2016 and a writeback of INR 19.03 cr in 2QFY2015. We await clarity from the management regarding the asset quality performance during the quarter. The stock currently trades at 2.4x FY2017E ABV. We recommend BUY rating on the stock.
Nifty Levels
Support 1 – 8130 Resistance 1 – 8225
Support 2 – 8090 Resistance 2 – 8250
Bank Nifty Levels
Support 1 – 17434 Resistance 1 – 17842
Support 2 – 17350 Resistance 2 – 17910
Today's Key Result
16th Oct
Reliance( Cog Est Net 6012cr +5% Yoy)
Agro tech Food,Chowgule Steam,Edelweiss,International Comb,Niit Tech,Swaraj Eng,Tata Metals,Tata Sponge
Indian Adr/Gdr
Infy:+1.19%, Wit:+1.30%
Ttm:+7.53%, Rdy: -0.26%
Hdb:+1.68%, Ibn:+2.49%
SBID:+2.16%, RIGD:+0.50%
Market Update:
Sgx Nifty +33 pts
Dow +217.00 pts ,Nsdq -87.25 pts , S&P +29.62 pts ,Bovespa +450 pts , Ftse +69 pts , Dax +148 pts, Cac +66 pts, Nikkei +143 pts, now, Crude @ $46.89 brl (+0.46), Brent @ $48.71 (-0.44) , Gold @ $1181.60 (-5.90), Silver @ $16.09 (-0.07), Euro @ $1.1366, JPY @ $119.0900, INR @ $64.8250
Today's Key Result
14th Oct
Hind Unilever( Cog Est Net 1034cr +5 % Yoy Time -During Mkt)
Zee Enter( Cog Est Net 238cr +5% Yoy Time -During Mkt)
Dic Ind,Goa Carb,Hinduja Vent,Network 18,Rasoi, Ttk Prestige,Tv18
Indian Adr/Gdr
Infy: -1.96%, Wit: -0.80%
Ttm: -0.15%, Rdy: -1.01%
Hdb: -3.12%, Ibn: -1.99%
SBID:-0.53%, RIGD: -0.33%