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10138 – 10000 should be considered as a key trading zone

“Our markets opened on a flat note on the back of mixed global cues. In fact, the entire day’s price action was a replica of previous session as we saw index oscillating in a small range with some profit booking taking place near historical highs. As a result, the Nifty once again closed below the 10100 mark after making yet another attempt ... Read More »

ICICI Lombard General Insurance Company Ltd

  “ICICI Lombard is the largest non-life private sector insurer in India. It is a JV between ICICI Bank and Fairfax Financial Holdings Ltd of Canada. Backed by strong parentage, and under penetration of non-life insurance business in India, the company has been on a strong growth path with its Gross Direct Premium Income growing by 26.7% over FY2015-17.   ... Read More »

RIL scales uncharted highs- Jio Dhan Dhana Dhan

“On a day when the Nifty decisively settled above the 10,000 mark, RIL marked a life time high. At a market cap of over Rs.530,000 crore, it is also the most valuable company in India. After a gap of nearly 10 years, RIL has finally broken the previous high that it had made in January 2008 at the peak of ... Read More »

Profit booking dragged index below 10100

“Today’s opening was quiet as we saw some softness in some of the Asian bourses early in the morning. The index gained some momentum in the midst of the session to march gradually towards the recent high of 10137.85. Clearly, the index heavyweight ‘Reliance’ was in the driver’s seat (similar to last 4 – 5 months), who hit fresh record ... Read More »

IPO Note- Capacit’e Infra projects Ltd

Capacit’e Infra Projects Ltd (CIL) is a fast growing construction company in India. Residential constitutes more than 90% of the company’s INR 4,602cr order book. It caters to established realtors such as Kalpataru, Wadhwa group, Oberoi Construction ltd, Lodha, Rustomjee and Godrej properties.   Outlook & Valuation: Considering, CIL’s experienced management, revenue visibility, strong track record of timely delivery of projects ... Read More »

Moves in individual stocks is memorizing, keep focusing on same

“Once again, our markets kick-started on a strong note owing to massive overnight rally in US bourses. During the initial hour, index came off a bit from opening highs; but, it was merely a gap filling activity as we saw sturdy move throughout the remaining part of the day to end the session at day’s high tad below the 10100 ... Read More »

Cess hike breather for automobile companies, removes hangover on the stocks

“The cess rates announced by the government on the mid size, large cars and UVs have come as a breather to the automobile industry. Earlier government had notified of hiking the cess rates from 15% to 25% which could have impacted the demand for the mid and large sized cars. The new cess rates on mid size cars are 17%, ... Read More »

Volatility on card

“Post some consolidation, the benchmark index started-off the session with an upside gap on back of strong global cues. Nifty extended its gains during the day to finally conclude to session above 10000 marks.     On derivatives segment, Nifty added fresh open interest of 2%; while, we witnessed massive build-up in BankNifty as open interest surged 24.34% today. In Nifty ... Read More »

Keep focusing on individual stocks

“Our markets had a cheerful start for the week as we saw a gap up opening with a small margin on the back of favorable global cues. The index extended these gains in the first half and cemented its position above the 10000 mark for the remaining pat of the day.   Since last few days, the overall trading range ... Read More »

IPO Note- Matrimony

“Incorporated in 2001, (MCL) today is the leader in match making services. The company provides online matchmaking and marriage services through the Internet and mobile platforms in India and internationally. Currently, the company has a huge database comprising of 3.08 million active profiles. Its flagship brand, BharatMatrimony, has 15 language based domains under its umbrella.   Outlook & Valuation: ... Read More »

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