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Wednesday , 18 October 2017
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Category Archives: stock market

stock market

IPO of General Insurance Corporation of India opens on October 11, 2017 (Price Band of ₹ 855 to ₹ 912)

General Insurance Corporation of India’s initial public offering to open on October 11, 2017, with a Price Band of ₹ 855 to ₹ 912 per Equity Share, each of Face Value of  ₹ 5 each   The IPO consists of: A fresh issue of 17,200,000 equity shares; Offer for sale of up to 107,500,000 equity shares by the Selling Shareholder, ... Read More »

BUY: Karur Vysya Bank ACCUMULATE: Dewan Housing Finance, KEI Industries

DATE: 4th October 2017   Company Rating CMP (Rs.) Target (Rs.) Upside (%) Rationale Dewan Housing Finance Accumulate            550                 610            11.0 With a focus on the low and medium income (LMI) consumer segment, the company has increased its presence in tier-II & III cities where the growth opportunity is immense. Karur Vysya Bank Buy            143                 ... Read More »

Auto sales numbers for the month of September

Ashok Leyland continues with strong growth in MHCV volumes   Ashok Leyland September-17 volumes were better than expected. Total volumes grew by 27.5% yoy to 15,370 units vs. our expectation of 13,926 units. MHCV volumes grew by 31.8% yoy to 11,804 units while LCV volumes grew by 15.3% to 3,566 units. The MHCV volumes have been growing by about 30% ... Read More »

Stay light and avoid creating aggressive longs

“After an extended weekend, our markets kicked off new trading week on a cheerful note, owing to favorable cues from the global peers. However, post the opening, the index came off a bit within a blink of an eye and then slipped into a consolidation mode for the remaining part of the day. Eventually, the index closed tad above the ... Read More »

IPO Note- Godrej Agrovet Limited

“Godrej Agrovet Limited (GAVL) is a leading Agri-business company operating across five different business verticals i.e. Animal Feed, Crop Protection, Oil Palm, Dairy and Poultry & Processed Foods. GAVL is the largest crude palm producer in India. Company is the 4th largest animal feed producer in Bangladesh through its 50:50 JV ACI Godrej.   Outlook and Valuation: At the upper ... Read More »

Short rollovers suggest limited upside

“We started-off the week on a strong note, as point out by the global bourses.  However, these gains were short lived since fresh selling got attracted thereafter and eventually we witnessed a range-bound move to conclude the session with gains of 0.72%.   As far as today’s Nifty options activity is concerned, apart from some build-up in 10100 strike; we ... Read More »

Short term tide turned for market; use rallies to exit longs

“Today’s session kick started on a positive note citing to favorable cues from the global bourses. However, during the initial hour, our markets were still in yesterday’s hangover as we saw Nifty hasten below the 9700 mark.  Eventually, the Nifty managed to recover quite smartly from day’s low; courtesy to F&O expiry factor that came into picture in the latter half. As ... Read More »

Rollovers not in favour of optimistic traders

“The benchmark index posted a new high in the mid of September series; but, this was followed by massive selling which again pulled Nifty towards recent lows.   September series began on a light note; however, we witnessed huge open interest addition during the series. Open interest surged 25% series on series and looking at the daily OI activity it ... Read More »

Short term traders should avoid bottom fishing

“It was certainly a terrible day for the bulls as we saw lot of hopeful buyers entering the market after Nifty opening with an upside gap beyond the 9900 mark and then tumbling severely throughout the session to shed nearly 200 points from the day high.   This is a typical behavior of the market when enters a strong corrective ... Read More »

Nifty to retest recent low of 9685 soon

“Friday’s massive sell off was followed by a flat opening in our markets. However, this was the only moment; bulls had their presence as once again we saw Nifty tumbling within five minutes of opening trade. Eventually, the Nifty ended yet another session on a weak note by shedding nearly a percent from previous close.   Last couple of day’s ... Read More »

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