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Shrinking range indicates possibility of a breakout on either side soon

“In last few days, our market opening is clearly decided by the overall developments happening on the global front. Today, once again, negative mood from the US bourses was passed on to the Asian markets and hence, our benchmark index (Nifty) had a gap down opening by nearly half a percent. However, we saw a gradual recovery throughout the remaining ... Read More »

IPO Note- Bharat Road Network Ltd

“Bharat Road Network Ltd (BRNL), is a BOT company, which is focused on development, implementation, operation and maintenance of roads and highway projects. The company manages over INR6,685cr of road assets including five operating projects and one under construction project aggregating to 2,095 lane km, with average residual life of approximately 18 years and 6 months.   Outlook Valuation: BRNL is present ... Read More »

IPO Note- Dixon Technologies (India) Ltd

“Dixon Technologies (India) Ltd (DTIL) is the largest home grown design-focused and solutions company engaged in manufacturing products in the consumer durables, lighting and mobile phone segments in India. The company manufactures electronics products for Panasonic, Philips Lighting India, Haier Appliances, Gionee, Surya Roshni, Reliance Retail, Intex Technologies, Mitashi.   Outlook & Valuation: DTIL would continue to report higher revenue and improvement ... Read More »

Nifty to remain in a range of 9855 – 10000 for a while

“It seems that the traders’ community across the globe is quite baffled because of the in-and-out nature of the recent geopolitical developments. Everything looked hunky-dory on Friday and once again some news flow over the nuclear test (by North Korea) early in the morning spooked global markets. This certainly had a rub off effect on our markets as we saw ... Read More »

Print all In new window INDIAVIX surged 12% on account of geo-political tension

“It was indeed a bad start for the week, as the benchmark index (Nifty) plunged more than 100 points during the day after North Korea conducted its sixth and most powerful nuclear test on Sunday. Eventually, we saw some recovery during the latter half to conclude today’s session ted above 9900 mark.   On derivatives front, Nifty added some fresh shorts ... Read More »

Auto sales numbers analysis

Bajaj Auto reports recovery in 2W exports    Bajaj Auto’s August-17 total volumes grew by 3% to 3.35lakh units. Growth in the domestic volumes was flat at 0.2%. Within the domestic business, motorcycle volumes declined by 1.7% while CV volumes grew by 13.3%. In the exports however, company has seen 7.5% growth with 2W exports growing by 6.7% and CV ... Read More »

Dr. Reddy’s Laboratories, gets a favourable district court verdict for Suboxone

“The District Court of Delaware has ruled in favour of Dr Reddy’s Laboratories Ltd. against Reckitt Benckiser for the blockbuster drug Suboxone. Dr Reddy’s bought Suboxone Film’s abbreviated new drug application (ANDA) from Teva Pharmaceuticals for US$70mn in June ‘2016 with seven generic filers. The key patent expires in April 2024. Suboxone Film treats opioid addiction and has a brand size of ... Read More »

MSIL August-17 indicates faster recovery from GST blues

“Maruti Suzuki’s August-17 domestic PV volumes grew by 26.2% to 1.51 lakh units while total volumes including exports and LCVs, grew by 23.8% to 1.64 lakh units vs. our estimates of total volumes of 1.5lakh units. Growth in the volumes of mini and midsize vehicle segments was muted while compact segment volumes saw a jump of 62.4%, fastest in several ... Read More »

Bharti Airtel, Idea Cellular get ‘underperform’ rating from Credit Suisse

Credit Suisse, one of the top brokerage and consulting firms in the world, has maintained ‘underperform’ rating for both Bharti Airtel and Idea Cellular. It has also set a target price of Rs 330 per share for Airtel and Rs 74 per share for Idea Cellular. At the end of today’s market, Bharti Airtel was trading at Rs 427 whereas ... Read More »

Rollovers and Open interest in Nifty lowest for the calendar year 2017

“It was indeed a historical series for our market as the benchmark index registered a new life time high during initial part of August series. However, selling got attracted thereafter which lead market correcting towards 9700 mark; followed by range-bound move for the later part of the series.  August series had began with lowest open interest in calendar year 2017, ... Read More »

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