Fundamental Analysis of 1 Stocks (with 180 days horizon).

 Sentiment Indicators.

Technical Analysis of 1 Stock (with 15 days horizon).

Editor's views on the capital markets, stock reviews and word on Dalal Street.

The company's production capacity of IPA is already among the highest in the industry. With an installed capacity of 70,000 MTPA, it dominates the industry with a 75 per cent market share in IPA manufacturing.

Following gains in auto and IT stocks, domestic benchmark indices ended today's trading session on a positive note with Sensex gaining by 429.25 points or 1.21 per cent to close at 35,843.70 levels while Nifty increased by 121.65 points or 1.17 per cent to settle at 10,551.70.

Overall, with one segment having an adverse forecast and exposure to the commercial vehicle class (38 per cent of total revenues), the outlook is still looking grim for the company. The stock is already trading at its multi-year low.

The recommendations provided in this column are taken from various market sources such as brokers, analysts, dealers and investment strategists, etc. These recommendations may not be backed by strong fundamentals. Therefore we advise readers to use their own discretion before investing in these recommendation

In this edition, we have reviewed Parag Milk Foods Limited and Bajaj Finance Limited. We suggest our reader-investors to HOLD in Parag Milk Foods Limited and Bajaj Finance Limited.

This section gives decisive investment rationales to our subscribers on the stock queries they have raised to our research team.

Tax Queries Answered By Jayesh Dadia

Data Bank

The pandemic has dealt out a severe blow to the airline and tourism industry and it is unlikely to emerge from this situation soon enough. Geyatee Deshpande discusses that while gradual phasing out of lockdowns across the world will rejuvenate the air travel sector, the luxury holiday and resort sectors are unlikely to find many takers.

The market opened in the green on July 2, 2020. The previous trading session witnessed the Sensex going up by 498.65 points to end at 35,414 and the Nifty was up 127.95 points to close at 10,430 .

Accepting that the growth for this year will be flat, Umesh Govind Revankar, Managing Director and CEO, Shriram Transport Finance, believes that the curve should gradually inch upwards.

The market opened in the green on July 2, 2020. The previous trading session witnessed the Sensex going up by 498.65 points to end at 35,414 and the Nifty was up 127.95 points to close at 10,430 .

MPS Limited, a company providing content and offering technological services to academic and educational publishers, announced in a filing with the stock exchanges that it acquired publishing platform Highwire for a deal worth US$ 7.1 million (around Rs 53.63 crore).

Non-banking financial companies (NBFCs) have been going through extremely difficult times, first on account of the IL&FS fallout that shook the industry and now due to the virus-triggered pandemic. Anthony Fernandes investigates the overall impact on this sector and studies how the government’s stimulus packages may offer a ray of hope

The market opened in the green on July 2, 2020, overall volumes in futures & options currently stand at 2.88 crore contracts with a turnover of Rs. 16,59,234.90 crore.

Rating agency ICRA expects non-performing assets (NPAs) of non-banking financial companies (NBFCs) to increase by 5-7 per cent during the fiscal year 2020-21, assuming a slippage of 5-10 per cent of the asset under management (AUM) under the moratorium

With the operations of Monsanto India merged with Bayer CropScience, the latter has begin to stockpile advantages accruing from substantial savings in the cost of compliances and marketing and distribution synergies.

Tata Motors Limited announced its sales in the domestic and international market, for Q1FY21, which stood at 25,047 vehicles, as compared to 1,37,545 units during Q1FY20.  

The market opened in the green on July 2, 2020, overall volumes in futures & options currently stand at 2.88 crore contracts with a turnover of Rs. 16,59,234.90 crore.

There are still various myths that create hindrances for investors to invest in mutual funds.

The EPC contract includes the construction of Bhadbhut barrage, flood protection embankments, and associated works across Narmada River near Bhadbhut of Bharuch district in Gujarat. 

United States Food and Drug Administration (USFDA) informed Ipca Laboratories that its API Hydroxychloroquine Sulphate’s shortage implications have been changed and now, it has been removed from the list of drug products in shortage.

During the fortnight, India has initiated the process of Unlock 2.0., while shifting attention from the pandemic was a rise in the geo-political tensions between India and China.

A fortnightly view on Nifty 50 and two investment ideas on the basis of intensive technical analysis in a 15-day horizon.

The scrips in this column have been recommended with a 15-day investment horizon in mind and carry high risk. Therefore, investors are advised to take into account their risk appetite before investing, as fundamentals may or may not back the recommendations.

This section gives a recommendation of a stock having stock price below Rs 100 with sound fundamentals and expected to give handsome returns over a one-year time horizon.

This column gives you scrip chosen by the research team during the fortnight that is fundamentally strong and expected to give good capital appreciation over a time period of 1 year.

With heightened nationalism being the current global trend in which every nation is attempting to safeguard its national interest the Atmanirbhar Bharat initiative by the Indian government sounds like a perfect solution, at least superficially, to become self-reliant in an extremely uncertain global economic environment. But what does it mean to equity investors who are bullish on the India story? Yogesh Supekar and Karan Bhojwani draw attention to the sectors which stand to benefit from this initiative while also focusing on sectors that will gain from the increasing angst against Chinese products.

In the midst of the ongoing economic and health gloom, the Sensex has delivered 18 per cent return in the very first quarter of this financial year.

Data Bank of top-ranked equity funds based on DSIJ's proprietary research methodology.

Readers are requested to send only one query at a time so that more readers get a chance. Have questions relating to any aspect of personal finance. Ask DSIJ at editorial@DSIJ.in and get your queries resolved.

The stock of Caplin Point Laboratories has formed a bullish engulfing candlestick pattern on the daily timeframe. The bullish engulfing candlestick pattern is considered to be a bullish reversal pattern and usually occurs at the bottom of a downtrend.

This is our mutual fund recommendation. Every fortnight , we recommend one open-ended equity diversified fund that has the best potential of returns for the next one year considering its constituents remain the same.

Chasing returns may or may not give you better returns. However, if you can manage your risk in investment, you are likely to get better risk-adjusted return.

Taking stock of the current financial situation where the economy and the equity markets seem to be moving in different directions, Prathit Bhobe, CEO and Managing Director, Tata Asset Management , provides some guidelines for the way ahead.
 

When we read about the lifestyles of the billionaires across the world, doesn’t it ignite a dream to become a part of that exclusive group of people? It does, surely! It also makes us wonder about the strategy or approach that one needs to adopt to become wealthy. Is investing in mutual funds one of those options? Read on to find out

Carrying a positive baton from the previous trading session, Indian indices are likely to start on a positive note. Nifty in previous trading session closed above 10,400 level. And now it will aim for the 10,550 level, aided by the positive global cues.

There are four major financial fears that every individual may come across at some point in life. In this article, we shall discuss some of those financial fears.

When it comes to asset allocation, equity, debt and real estate form the staple asset classes. As for gold as an asset class, it always creates some sort of confusion in the minds of investors who remain unsure whether to have exposure to it or not.

From the start of this month, all mutual fund investors have to bear stamp duty at a rate of 0.005 per cent on mutual fund purchases. The duty is irrespective of the amount you have invested and is applicable for every category of investment such as equity, debt and hybrid.

I found your cover story 'The Art of Portfolio Management' very insightful. It has really helped me to understand how to go about reviewing my investment portfolio. However, I would like to know about things that should I look at in a quarterly review.

A follow-through above 10,450 level would give more confidence to the bullish side and in case Nifty sustains above this level for at least half an hour, there is a high probability that Nifty may test its swing high of 10,553. Stocks in news: MPS, NLC India, Coal India, Polycab, India Cements.

The tractor segment in India also has a few unlisted players such as Tractors and Farm Equipment (TAFE), International Tractors, CNH Industrial (India). Numbers from these players would further give strength to the sentiment for the overall sector.

Asian Granito India Limited (AGIL), one of the largest manufacturers of quartz in India informed the exchanges that owing to a sharp decline in CVV and anti-dumping duty by USA on the import of Indian quartz, the company is set to benefit in terms of export sales to USA.

Here is a list of mutual funds that are in-line to be launched.

On Wednesday, Alembic Pharma announced that it has received approval from United States Food and Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Doxycycline Hyclate tablets USP, in dozes of 75 mg and 150 mg.

Domestic benchmark indices closed higher with Sensex gaining by 498.65 points or 1.43 per cent at 35,414.45 while Nifty jumped by 116.20 points or 1.13 per cent to close at 10,418.30 level.  

Dr Reddy’s has exclusive rights given by Fujifilm to manufacture the drug under the tripartite agreement signed on June 30, 2020.

The fiscal deficit during the first two months of the current financial year widened to Rs 4.66 lakh crore, which is nearly 58.6 per cent of Budget estimates

Eight core sectors witnessed 23.4 per cent YoY contraction in May 2020, led by the nationwide lockdown to prevent the spread of COVID-19. Among eight core sectors, coal production has 10.33 per cent weight, which dipped 14 per cent YoY in May 2020

Jindal Steel & Power Limited’s subsidiary at Mauritius (JSPML) is set to divest its entire stake in its Oman asset, Jindal Shadeed Iron and Steel Co LLC (JSIS Oman) to Templar Investments Limited.

While the NTPC group's commercial capacity stood at 52,866 MW at the end of FY19, it was at 51,391 MW in FY18. This indicates that it has recorded a growth of seven per cent CAGR over the past three years.

The month-on-month sales shot up impressively by 64.6 per cent. The sales in May 2019 stood at 6,594 tractors.

Investors should always have a rational return expectation from the investment and should avoid chasing big numbers.

Steel Strips Wheels Limited (SSWL) secured firm export orders for over 10,700 wheels for US caravan trailer market. This order is worth USD 1,70,000 and will be executed from its Chennai plant in the month of July and August.

A joint statement by the two companies on Wednesday stated that US-based Carlyle Group will invest US$ 235 million in Airtel's data centre business, Nxtra Data.

Small-cap index has jumped nearly 33 per cent while mid-cap index gained almost about 26 per cent during April-June 2020.

The market opened in the green on July 1, 2020. The previous trading session witnessed the Sensex going down by 45.72 points to end at 34,915.80 and the Nifty was down 10.30 points to close at 10,302.10 .

The market opened in the green on July 1, 2020. The previous trading session witnessed the Sensex going down by 45.72 points to end at 34,915.80 and the Nifty was down 10.30 points to close at 10,302.10 .

Earlier, in May update to the outlook, Fitch had projected 9.5 per cent growth in 2021-22. It had projected confidence saying that Indian economy will bounce back from the prevailing contraction and slowdown largely on the back of COVID-19 pandemic while adding that India's GDP may grow at a healthy rate in the next fiscal year.

The market opened in the green on July 1, 2020, overall volumes in futures & options currently stand at 1.80 crore contracts with a turnover of Rs. 10,79,854.64 crore.

The market opened in the green on July 1, 2020, overall volumes in futures & options currently stand at 1.80 crore contracts with a turnover of Rs. 10,79,854.64 crore.

Though the markets ended the last trading session of June month with a negative bias, overall, the month of June turned out to be a triumphant one as Nifty recorded gain of 7.5 per cent. On the flipside, broader indices Nifty Mid-cap and Nifty Small-cap registered a double-digit gain of 10.78 per cent and 15.29 per cent, respectively.

On the higher side, keep a watch on 10,410 mark and on the downside break, watch out 10,194 levels. Break on either side would open doors for a directional move. Stocks in news: Bharti Airtel, Affle India, Marico, Hero Motocorp, Jindal Steel and Power.

Indian people living abroad face many issues for investing and it is not at all a hassle-free process for them. In this article, we would discuss how an NRI can invest in mutual funds in India.

On the order book front, the domestic T&D segment contributes 11 per cent whereas, the international T&D segment contributes 43 per cent to the total order book as of FY20.

Sensex closed down by 45.72 points or 0.13 per cent at 34,915.80 in today's trading session, while Nifty closed nearly flat, down by mere 10.30 points or 0.10 per cent at the level of 10,302.10.

L&T Finance acquired its MF business by acquiring DBS Cholamandalam AMC in 2009 and Indian operations of Fidelity Investments in 2012. Now, it’s looking forward to selling its stake. In such a situation, what should investors do? Let’s find out.

Larsen & Toubro has flagged-off the final assembly of Cryostat, the largest stainless steel, high-vacuum pressure chamber in the world.Cryostat assembly, which is also referred to as the Top Lid, is to be installed with other Cryostat segments for International Thermonuclear Experimental Reactor (ITER) in a reactor pit in southern France.

Credit rating agency, CRISIL released its forecast on India's tractors on Monday, stating its belief that a good monsoon would act as a cushion for tractor sales amidst the ongoing COVID-19 pandemic

The expansion is expected to increase the revenue by Rs 200 crore in FY 20-21 and Rs 360 crore in FY21-22, in the complete year of operation.

The market opened in the green on June 30, 2020. The previous trading session witnessed the Sensex going up 0.6 percent to end at 35,171 and the Nifty was up 0.68 percent to close at 10,312 .

Vakrangee Limited (VL) has entered into a partnership arrangement with Union Bank of India (UBI) to provide loan facilities for Pan India Nextgen Vakrangee Kendra franchisees. Both new and existing franchisees would be eligible to avail loans from UBI. The bank is offering a special product for Vakrangee Kendra franchisee under Union Mudra Scheme.

The market opened in the green on June 30, 2020. The previous trading session witnessed the Sensex going up 0.6 percent to end at 35,171 and the Nifty was up 0.68 percent to close at 10,312 .

The market opened in the green on June 30, 2020, overall volumes in futures & options currently stand at 1.60 crore contracts with a turnover of Rs. 9,56,204.21 crore.

The market opened in the green on June 30, 2020, overall volumes in futures & options currently stand at 1.60 crore contracts with a turnover of Rs. 9,56,204.21 crore.

In the view of current and evolving liquidity as well as market conditions, the country’s central bank, Reserve Bank of India (RBI) on Monday has decided to conduct simultaneous purchase and sale of government securities worth Rs 10,000 crore each

The order, which involves the supply of nearly 14,000 truck wheels for USA truck and caravan trailer markets, is planned to be executed between July and August from its Chennai plant. The said order is likely to generate a revenue of around US$ 3,15,000.

With a vision of 'innovation for affordable healthcare', the launch of Axishil provides global quality Indian brand along with greater affordability to the cancer patients.

Talking about the debt of the company, the net debt stood at nearly Rs 2,509 crore as of FY20, which is considerably very high as compared to Rs 1,646 crore in FY19. This high debt results in a high D/E ratio to 2.31x vs 1.15x in FY19. Now the major thing to look into is, how the company uses this amount to tackle its rising debt issue.

The early trends on SGX Nifty is indicating that the optimism is set to return on the D-Street due to positive sentiment from global peers. Further, the announcement of guidelines for ‘Unlock 2’ is aiding the sentiment.

A follow-through move above Monday’s high could lead the index towards the mark of 10,400-10,410 as 61.8 per cent retracement level of the recent decline is placed in this zone and also, the valley or neckline of double bottom is placed in this region. Stocks in news: Vakrangee, Cipla, Tata Power, Sunteck Realty.

Housing and Urban Development Corporation Limited (HUDCO) announced its results for Q4FY20. On the basis of strong results, investors gained confidence as the company’s stock gained by Rs 5.55 per share on intraday basis, thus locking-in at its upper circuit of 20 per cent for the day.

With diabetes being the focus area of Cipla, the strategic partnership with Boehringer Ingelheim would aide it to reach the forefront of providing holistic diabetes care.

Amidst index-heavyweights such as RIL and Infosys plunging, equity benchmark Sensex dropped by 0.60 per cent or 209.75 points to settle at 34,961.52 while Nifty slid by 0.68 per cent or 70.60 points to close at 10,312.40.

One of the wholly-owned subsidiaries of Sun Pharmaceutical Industries has been granted approval from Ministry of Health, Labour and Welfare (MHLW), Japan for Ilumya (Tildrakizumab) for the treatment of plaque psoriasis in adult patients.

Most of the people in India still prefer real estate investments over mutual funds. However, can real estate beat diversified equity MFs? Let’s find out.

The market opened in the red on June 29, 2020. The previous trading session witnessed the Sensex going up 329.17 points to end at 35,171.27 and the Nifty was up 94.10 points to close at 10,383 .

Vedanta Resources revealed in a statement that the company was in the process of arranging finances for delisting upon receiving approval for the same from the shareholders last week. Previously in the month of May, the board of Vedanta Limited had authorized the proposal by the promoter to delist the company.

The market opened in the red on June 29, 2020. The previous trading session witnessed the Sensex going up 329.17 points to end at 35,171.27 and the Nifty was up 94.10 points to close at 10,383 .

The market opened in the red on June 29, 2020, overall volumes in futures & options currently stand at 1.41 crore contracts with a turnover of Rs. 8,52,956.02 crore.

Many a time, people miss a few pointers that they should be asking their financial advisers. Here is a checklist for your first meeting with your financial adviser.

The market opened in the red on June 29, 2020, overall volumes in futures & options currently stand at 1.41 crore contracts with a turnover of Rs. 8,52,956.02 crore.

The stock of Orient Electric Limited has given a downward sloping trendline breakout, formed by connecting swing highs from March 2020. This breakout was supported by above 50-day average volume.