Sensex erases intraday recovery as it slips by 535 points Sensex erases intraday recovery as it slips by 535 points DSIJ Intelligence / Friday, April 24, 2020 0 807 Article rating: 5.0 On Friday, Sensex fell by 535.86 points, which is 1.68 per cent to be at the level of 31,327.22 while, Nifty was down by 159.50 points, which is by 1.71 per cent to reach the level of 9,154.40. Read more
Canara Bank features as Bollinger Band Squeeze pick Canara Bank features as Bollinger Band Squeeze pick Vinayak Gangule / Friday, April 24, 2020 0 1998 Article rating: 3.9 Canara Bank Limited has been picked up by our Bollinger Band Squeeze scanner, which suggests that the stock is near a consolidation breakout. Read more
Ashok Leyland increases stake in HLFL by 3.36 per cent Ashok Leyland increases stake in HLFL by 3.36 per cent Avalokita Pandey / Friday, April 24, 2020 0 1443 Article rating: 5.0 Post this acquisition, the company’s shareholding in HLFL now stands at 68.81 per cent from 65.45 per cent. The company added that this acquisition is a part of 6.99 per cent acquisition approved by the company’s board in a meeting held on March 21, 2020. Read more
Dilip Buildcon trades low despite getting certificate of completion Dilip Buildcon trades low despite getting certificate of completion Pratik Shastri / Friday, April 24, 2020 0 798 Article rating: 5.0 The total order book of the company stood at Rs 2,120.53 crore at the end of the third quarter of FY20. Road segment constituted 63.81 per cent of this total order book. Read more
Indian Hotels Company to raise Rs 150 crore Indian Hotels Company to raise Rs 150 crore Amir Shaikh / Friday, April 24, 2020 0 2344 Article rating: 5.0 Indian Hotels Company, on Thursday after the market hours, informed the bourses that its borrowings committee has approved the allotment of 1,500 rated, unsecured, listed, redeemable, non-convertible debentures (NCDs) Read more
Granules India gets USFDA approval for ANDA; stock surges Granules India gets USFDA approval for ANDA; stock surges Apurva Joshi / Friday, April 24, 2020 0 1140 Article rating: 4.7 Granules India has received US Food & Drug Administration (USFDA) approval for abbreviated new drug application (ANDA), Trospium Chloride extended-release capsules, 60 mg. Read more
Ten stocks close to their 52-week low Ten stocks close to their 52-week low DSIJ Intelligence / Friday, April 24, 2020 0 1428 Article rating: 3.6 The market opened in the red on April 24, 2020. The previous trading session witnessed the Sensex going up by 1.54 percent to end at 31,863 and the Nifty was up 1.4 percent to close at 9,313. Read more
Ten stocks close to their 52-week high Ten stocks close to their 52-week high DSIJ Intelligence / Friday, April 24, 2020 0 1638 Article rating: 4.3 The market opened in the red on April 24, 2020. The previous trading session witnessed the Sensex going up by 1.54 percent to end at 31,863 and the Nifty was up 1.4 percent to close at 9,313. Read more
Five stocks with selling interest Five stocks with selling interest DSIJ Intelligence / Friday, April 24, 2020 0 829 Article rating: 4.6 The market opened in the red on April 24, 2020, overall volumes in futures & options currently stand at 4,31 crore contracts with a turnover of Rs. 21,07,936.09 crore. Read more
Five stocks with buying interest Five stocks with buying interest DSIJ Intelligence / Friday, April 24, 2020 0 1346 Article rating: 4.5 The market opened in the red on April 24, 2020, overall volumes in futures & options currently stand at 4,31 crore contracts with a turnover of Rs. 21,07,936.09 crore. Read more
Larsen & Toubro receives order from DFCCIL Larsen & Toubro receives order from DFCCIL Amir Shaikh / Friday, April 24, 2020 0 1661 Article rating: 3.9 Railways Strategic Business Unit of L&T Construction’s Transportation Infrastructure IC in consortium with Kyosan Electric Manufacturing Co Ltd (Japan) has received a significant order in the form of three packages from Dedicated Freight Corridor Corporation of India Limited Read more
Shilpa Medicare launches generic anticancer drug Dasatinib Shilpa Medicare launches generic anticancer drug Dasatinib Apurva Joshi / Friday, April 24, 2020 0 2011 Article rating: 3.5 Shilpa Medicare Limited has informed the bourses that it has launched Indian branded generic of Dasatinib, an anticancer drug with a brand name ‘Dasashil’. The drug substance patent on Dasatinib was owned by Bristol-Myers-Squibb and had expired on April 12, 2020. Read more
Franklin Templeton India shuts down six debt funds Franklin Templeton India shuts down six debt funds DSIJ Intelligence / Friday, April 24, 2020 0 1994 Article rating: 3.3 One of India's oldest fund houses is winding up its six debt funds. Read on to find how it will impact its investors. Read more
‘MCap to sales ratio gives valuation comfort ‘MCap to sales ratio gives valuation comfort Pratik Shastri / Friday, April 24, 2020 0 3508 Article rating: 3.4 Further, the data also shows that FMCG companies trade at a much higher valuation than that of their sales. Like, Hindustan Unilever, Dabur India and Emami get up to eight times more valuations in comparison to their sales. Read more
Soft start in offing Soft start in offing DSIJ Intelligence-3 / Friday, April 24, 2020 0 1019 Article rating: 4.5 Indian markets might witness a soft start but an important event of the day is that Prime Minister Narendra Modi is likely to meet Finance Minister Nirmala Sitharaman to finalise a second stimulus package. The market participants will be all eyes & ears to this event as it could dictate the future trend of the market. Read more
Index trend and stocks in action on April 24, 2020 Index trend and stocks in action on April 24, 2020 DSIJ Intelligence-3 / Friday, April 24, 2020 0 1121 Article rating: 5.0 The index is heading towards the important resistance level of 9,390-9,400 and if Nifty fails to cross this level, the bears will come back with full strength. Stocks in news: Indian Hotels, Kingfa Science & Technology, M&M, L&T. Read more
Infosys gives symmetrical triangle breakout Infosys gives symmetrical triangle breakout Vinayak Gangule / Friday, April 24, 2020 0 1133 Article rating: 4.8 The stock of Infosys Limited has given a symmetrical triangle breakout on the daily time frame. This breakout was confirmed by the above 50-day average volume. Read more
Improve your personal finance during lockdown Improve your personal finance during lockdown DSIJ Intelligence / Thursday, April 23, 2020 0 4090 Article rating: 3.0 While running in the rat race, we often forget to streamline our personal finances. Take advantage of the lockdown period to improve your personal finances. Read on to find out more. Read more
Max Ventures see higher grade commercial space to sustain lockdown Max Ventures see higher grade commercial space to sustain lockdown Pratik Shastri / Thursday, April 23, 2020 0 1246 Article rating: 4.5 The project size is of nearly 0.3 million sq. ft. The commencement of leasing agreement was expected in the current quarter, which too can be seen being delayed thus, impacting its long-term revenue guidance. Read more
Street Talk Street Talk Ninad Ramdasi / Thursday, April 23, 2020 0 228 Article rating: No rating 1 stock recommendation based on Street Talk (with 7 days horizon). Read more
Technical Portfolio Guide Technical Portfolio Guide Ninad Ramdasi / Thursday, April 23, 2020 0 194 Article rating: No rating Subscribers can ask their queries regarding stocks they hold and get our expert guidance. Read more
Vodafone Idea gains post receiving US $200 million by Vodafone Group Vodafone Idea gains post receiving US $200 million by Vodafone Group DSIJ Intelligence / Thursday, April 23, 2020 0 919 Article rating: 4.2 Vodafone Group announced that it has accelerated payment of US$ 200 million to Vodafone Idea, which was due in September 2020, mainly to tide over any liquidity crisis arising out of COVID-19 pandemic. Read more
Review Review Ninad Ramdasi / Thursday, April 23, 2020 0 92 Article rating: No rating Review on 1 stocks recommended in past. Read more
Fundamental Analysis Fundamental Analysis Ninad Ramdasi / Thursday, April 23, 2020 0 329 Article rating: No rating Fundamental Analysis of 1 Stocks (with 180 days horizon). Read more
Sentiment Indicators Sentiment Indicators Ninad Ramdasi / Thursday, April 23, 2020 0 74 Article rating: No rating Sentiment Indicators. Read more
Technical Analysis Technical Analysis Ninad Ramdasi / Thursday, April 23, 2020 0 166 Article rating: No rating Technical Analysis of 1 Stock (with 15 days horizon). Read more
Biggest Hurdle For Nifty At 9,400 Mark Biggest Hurdle For Nifty At 9,400 Mark Ninad Ramdasi / Thursday, April 23, 2020 0 318 Article rating: No rating As we all know, crude oil grabbed everyone’s attention, right at the beginning of the week by doing something which people had never imagined. Read more
Sensex and Nifty continue their recovery Sensex and Nifty continue their recovery DSIJ Intelligence / Thursday, April 23, 2020 0 864 Article rating: 3.0 On Thursday as well, Sensex and Nifty closed in green, thus witnessing second consecutive day of recovery post the downfall experienced by Indian benchmark indices on April 21, 2020. Today, Sensex closed up by 1.54 per cent which is 483.53 points at the level of 31,863.08 while, Nifty climbed by 1.38 per cent which is 126.60 points to the level of 9,313.90. Read more
Data Bank Data Bank Ninad Ramdasi / Thursday, April 23, 2020 0 1097 Article rating: No rating Data Bank Read more
Kerbside Kerbside Ninad Ramdasi / Thursday, April 23, 2020 0 1076 Article rating: No rating 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 Read more
Asset Allocation For A Smooth Investment Voyage Asset Allocation For A Smooth Investment Voyage Ninad Ramdasi / Thursday, April 23, 2020 0 1215 Article rating: 4.5 Read more
Reviews Reviews Ninad Ramdasi / Thursday, April 23, 2020 0 631 Article rating: No rating In this edition, we have reviewed Thyrocare Technologies and Himadri Speciality Chemicals We suggest our reader-investors to HOLD in Thyrocare Technologies and Himadri Speciality Chemicals Read more
For A Financially Fit Retirement For A Financially Fit Retirement Ninad Ramdasi / Thursday, April 23, 2020 0 667 Article rating: No rating Retirement is an important goal of one’s life and hence should be given its due in the investment process. Read more
Trackpad Trackpad Ninad Ramdasi / Thursday, April 23, 2020 0 1265 Article rating: No rating In one of the biggest deal in the recent history, Reliance Industries has informed that the global social media giant, Facebook will invest Rs 43,574 crore in Reliance’s subsidiary for digital services-Jio Platforms. The deal is also termed as the largest FDI for minority investment in India. Read more
Should We Bank On Banks? Should We Bank On Banks? Ninad Ramdasi / Thursday, April 23, 2020 0 1473 Article rating: No rating Those stocks that hitherto have created maximum wealth for retail investors are the ones that have corrected the most. Amidst the uncertainty surrounding the most important sector for the financial system of India, such stocks suddenly have started looking attractive after a vertical fall. Yogesh Supekar and Karan Bhojwani discusses the pros and cons of taking exposure to banking stocks in such a fluid market situation. Read more
MF Data Bank MF Data Bank Ninad Ramdasi / Thursday, April 23, 2020 0 888 Article rating: No rating Databank of top-ranked equity funds based on DSIJ Read more
Fund of Fortnight Fund of Fortnight Ninad Ramdasi / Thursday, April 23, 2020 0 885 Article rating: No rating 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. Read more
Logistics sector may fall 6-8 per cent in FY21: ICRA Logistics sector may fall 6-8 per cent in FY21: ICRA Nidhi Jani / Thursday, April 23, 2020 0 2780 Article rating: 3.6 According to the report, in Q3 FY2020, the revenue of ICRA’s sample of 12 large logistics players had declined by 2.6 per cent YoY, as compared to a growth of 18.6 per cent in Q3 FY2019 and 1.9 per cent in Q2 FY2020, in-line with the continued moderation in GDP growth, which hit 27-quarter low of 4.7 per cent, leading to a subdued freight availability. Read more
This Is A Good Time To Invest This Is A Good Time To Invest Ninad Ramdasi / Thursday, April 23, 2020 0 1423 Article rating: No rating On the equity front, India should fare better and recover in lesser time as compared to most of the other nations Read more
Insurance Sector A ‘Healthier Reboot Insurance Sector A ‘Healthier Reboot Ninad Ramdasi / Thursday, April 23, 2020 0 892 Article rating: No rating Given the significant increase in sales of health insurance policies post the outbreak of the virus pandemic, it is high time the insurance sector was re-rated to find out where it is headed towards. Join Anthony Fernandes as he looks at the potential impacts of COVID-19 on the Insurance Industry. Read more
Financial Lessons From The Pandemic Financial Lessons From The Pandemic Ninad Ramdasi / Thursday, April 23, 2020 0 1168 Article rating: No rating While the need for basic hygiene and social distancing is one big lesson that the global pandemic of the corona virus has taught us, the drastic movements in the equity and other markets have also been tutorials of a kind that will help us chart out a sound personal finance plan for the future Read more
Do You Have An Exit Strategy? Do You Have An Exit Strategy? Ninad Ramdasi / Thursday, April 23, 2020 0 1193 Article rating: No rating Investors are always faced with the frustrating dilemma of whether to buy and hold or to exit taking profits off the table. Geyatee Deshpande explains why having an exit strategy before taking any position is quintessential if one wants to win in market conditions such as now Read more
Ten stocks close to their 52-week low Ten stocks close to their 52-week low DSIJ Intelligence / Thursday, April 23, 2020 0 2264 Article rating: 3.3 The market opened in the green on April 23, 2020. The previous trading session witnessed the Sensex going up by 2.4 percent to end at 31,379 and the Nifty was up 2.3 percent to close at 9,187. Read more
MF QueryBoard MF QueryBoard Ninad Ramdasi / Thursday, April 23, 2020 0 743 Article rating: No rating With the markets having crashed due to the virus pandemic, I would like to invest in a mutual fund. But since I am new to this aspect of investing, could you provide me information about a few MF schemes that are growth-oriented? Read more
Ten stocks close to their 52-week high Ten stocks close to their 52-week high DSIJ Intelligence / Thursday, April 23, 2020 0 1748 Article rating: 3.9 The market opened in the green on April 23, 2020. The previous trading session witnessed the Sensex going up by 2.4 percent to end at 31,379 and the Nifty was up 2.3 percent to close at 9,187. Read more
Five stocks with selling interest Five stocks with selling interest DSIJ Intelligence / Thursday, April 23, 2020 0 1304 Article rating: 4.3 The market opened in the green on April 23, 2020, overall volumes in futures & options currently stand at 2,17 crore contracts with a turnover of Rs. 11,05,881.91 crore. Read more
Five stocks with buying interest Five stocks with buying interest DSIJ Intelligence / Thursday, April 23, 2020 0 1589 Article rating: 4.0 The market opened in the green on April 23, 2020, overall volumes in futures & options currently stand at 2,17 crore contracts with a turnover of Rs. 11,05,881.91 crore. Read more
Sectoral Funds: Triggered To Perform Post-Pandemic Sectoral Funds: Triggered To Perform Post-Pandemic Ninad Ramdasi / Thursday, April 23, 2020 0 856 Article rating: No rating The recent pandemic engulfing the world is not the only one of its kind. There have been several such critical situations in the past and each one of them has impacted the equity markets in different ways. We take here a historical look at how such events have shaped the markets and draw conclusions about the funds that investors must invest for better returns going forward. Read more
Profitable Investment Profitable Investment Ninad Ramdasi / Thursday, April 23, 2020 0 1149 Article rating: No rating I was planning to invest in mutual funds to take advantage of the current market scenario but was not able to understand how to go about it. Read more
MULTI-CAP FUNDS: A GOOD CHOICE MULTI-CAP FUNDS: A GOOD CHOICE Ninad Ramdasi / Thursday, April 23, 2020 0 854 Article rating: No rating Worldwide, the equity market has jumped more than 20 per cent from its recent lows for various reasons. And the Indian equity market is no exception. Read more
Query Board Query Board Ninad Ramdasi / Thursday, April 23, 2020 0 1862 Article rating: No rating This section gives decisive investment rationales to our subscribers on the stock queries they have raised to our research team. Read more
Container Corporation of India Limited Container Corporation of India Limited On The Right Track Ninad Ramdasi / Thursday, April 23, 2020 0 1683 Article rating: No rating This section covers a stock which has been in buzz for the past couple of months. Our research team gives you a complete insight of the company along with guidance on the investment decision to be taken at the current juncture Read more
NIFTY Index Chart Analysis NIFTY Index Chart Analysis How Low Will The Nifty Go? Ninad Ramdasi / Thursday, April 23, 2020 0 1373 Article rating: No rating A fortnightly view on Nifty 50 and two investment ideas on the basis of intensive technical analysis in a 15-day horizon. Read more
Recommendation From Paints & Pharma Sector Recommendation From Paints & Pharma Sector Ninad Ramdasi / Thursday, April 23, 2020 0 1118 Article rating: No rating This section gives you some of the momentum stocks which are in buzz for past few days and are expected to give quick returns in a 15-day horizon. Read more
Recommendation from Miscellaneous Sector Recommendation from Miscellaneous Sector Ninad Ramdasi / Thursday, April 23, 2020 0 1088 Article rating: No rating 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. Read more
Recommendation From Mining & Minerals Sector Recommendation From Mining & Minerals Sector Ninad Ramdasi / Thursday, April 23, 2020 0 1238 Article rating: No rating 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. Read more
Markets Continue To Remain Volatile Markets Continue To Remain Volatile Ninad Ramdasi / Thursday, April 23, 2020 0 799 Article rating: No rating In order to avoid storage cost for WTI crude, sellers were seen paying buyers to take deliveries. This has led to a crash in WTI crude prices as May futures for the same fell below USD 0 per barrel on April 21, 2020. Read more
Investing in a Bear Market Investing in a Bear Market Ninad Ramdasi / Thursday, April 23, 2020 0 749 Article rating: No rating I would like to express my appreciation of the recent issue discussing Read more
Another Opportunity In The Offing Another Opportunity In The Offing Ninad Ramdasi / Thursday, April 23, 2020 0 1023 Article rating: No rating Not much has changed since having penned the last editorial. Read more
Index trend and stocks in action on April 23, 2020 Index trend and stocks in action on April 23, 2020 DSIJ Intelligence-3 / Thursday, April 23, 2020 0 1468 Article rating: 4.0 The level of 8,947 is crucial on the downside and on the upside, 9,390 is a level to watch out as resistance. Stocks in news: Deepak Nitrite, HDFC Life, KNR Construction, Welspun Corp, TVS Motor. Read more
Dull start for the markets! Dull start for the markets! DSIJ Intelligence-3 / Thursday, April 23, 2020 0 1323 Article rating: 5.0 In early action, SGX Nifty is seen hovering around the neutral line, indicating that Indian markets may open on a flat note on Thursday. However, we expect that the stock specific action would continue and in the latter part of the day, we might witness some wild swings on account of weekly expiry. Read more
HDFC Ltd reduces home loan rate by 15 basis points HDFC Ltd reduces home loan rate by 15 basis points Avalokita Pandey / Wednesday, April 22, 2020 0 2934 Article rating: 2.8 Housing Development Finance Corporation Limited (HDFC) announced that it has made home loans cheaper by reducing interest rates by 15 bps, with effect from April 22, 2020. Read more
Reliance helps Sensex jump by 742.84 points; Nifty by 205.85 points Reliance helps Sensex jump by 742.84 points; Nifty by 205.85 points DSIJ Intelligence / Wednesday, April 22, 2020 0 913 Article rating: 5.0 Termed as the largest FDI deal in India, Facebook is set to invest Rs 43,574 crore in Reliance’s subsidiary for digital services-Jio Platforms. As a result on Wednesday, the stock of Reliance Industries gained by 10.30 per cent thereby, leading Sensex to rally by 742.84 points, which is 2.42 per cent higher to be at the level of 31,379.55. Nifty also gained by 205.85 points, which is 2.29 per cent to reach at 9,187.30 level. Read more
Nestle India shines on getting nod to resume operations Nestle India shines on getting nod to resume operations DSIJ Intelligence / Wednesday, April 22, 2020 0 1552 Article rating: 4.6 Packaged food & beverage company, Nestle India informed the exchanges that all its manufacturing locations have received permissions to operate from various state governments and local authorities. The company will be running these plants at scaled-down levels. Read more
Is it the right time to invest in index? Is it the right time to invest in index? DSIJ Intelligence / Wednesday, April 22, 2020 0 2104 Article rating: 2.5 Barring few, most of the indices have witnessed a shock in the last one month. So, one may wonder whether is it the right time to get exposure to index funds or in exchange-traded funds (ETFs)? Let’s find out. Read more
Everest Kanto Cylinder restarts production of gas cylinders Everest Kanto Cylinder restarts production of gas cylinders DSIJ Intelligence / Wednesday, April 22, 2020 0 2564 Article rating: 2.9 Everest Kanto Cylinder Limited, India’s largest manufacturer of high pressure gas cylinders, today announced that it has recently reinitiated the supply of cylinders used for storing medical oxygen to its customers based in India. Read more
Man Industries resume regular operations at Anjar plant Man Industries resume regular operations at Anjar plant DSIJ Intelligence / Wednesday, April 22, 2020 0 1894 Article rating: 3.8 Man Industries (India) Limited, one of the leading large-diameter pipe manufacturing companies announced that it has received permission from Competent Authority of Kachchh (Gujarat), allowing them to start regular operations and manufacturing activity at the company's Anjar Plant as per the guideline of Ministry of Home Affairs. Read more
L&T Construction wins building & factory business contracts L&T Construction wins building & factory business contracts DSIJ Intelligence / Wednesday, April 22, 2020 0 856 Article rating: 4.5 On Wednesday, Larsen & Toubro Construction announced that its buildings and factory business secured significant orders from various clients in India. Though the company did not specify the exact value of the contracts but a significant contract as per its specification ranges between Rs 1,000 crore and Rs 2,500 crore. Read more
Ten stocks close to their 52-week low Ten stocks close to their 52-week low DSIJ Intelligence / Wednesday, April 22, 2020 0 1478 Article rating: 3.3 The market opened in the green on April 22, 2020. The previous trading session witnessed the Sensex going down by 1,011.29 points to end at 30,636.71 and the Nifty was down 280.40 points to close at 8,981.45. Read more
Ten stocks close to their 52-week high Ten stocks close to their 52-week high DSIJ Intelligence / Wednesday, April 22, 2020 0 1114 Article rating: 4.0 The market opened in the green on April 22, 2020. The previous trading session witnessed the Sensex going down by 1,011.29 points to end at 30,636.71 and the Nifty was down 280.40 points to close at 8,981.45. Read more
Five stocks with selling interest Five stocks with selling interest DSIJ Intelligence / Wednesday, April 22, 2020 0 1122 Article rating: 3.9 The market opened in the green on April 22, 2020, overall volumes in futures & options currently stand at 1,51 crore contracts with a turnover of Rs. 7,77,154.32 crore. Read more
Five stocks with buying interest Five stocks with buying interest DSIJ Intelligence / Wednesday, April 22, 2020 0 1330 Article rating: 4.3 The market opened in the green on April 22, 2020, overall volumes in futures & options currently stand at 1,51 crore contracts with a turnover of Rs. 7,77,154.32 crore. Read more
Jyothy Labs share jumps on launching hand sanitiser Jyothy Labs share jumps on launching hand sanitiser Avalokita Pandey / Wednesday, April 22, 2020 0 2542 Article rating: 4.1 The shares of Jyothy Laboratories Ltd jumped on Wednesday after the company announced that it has launched a hand sanitiser under the brand name-Margo. Read more
NFO Analysis – S&P 500 Index Fund NFO Analysis – S&P 500 Index Fund DSIJ Intelligence / Wednesday, April 22, 2020 0 2032 Article rating: 5.0 The new fund offer by Motilal Oswal AMC aims to provide domestic investors an opportunity to diversify their portfolio with the world's largest index, S&P 500 index. Read on to find if you should invest. Read more
Facebook invests in Reliance; strong value unlocking on cards Facebook invests in Reliance; strong value unlocking on cards Pratik Shastri / Wednesday, April 22, 2020 0 1538 Article rating: 2.8 Reliance Industries (RIL) has taken a few important and aggressive steps to achieve its debt reduction target. The company, as of September 2019 balance sheet, reported consolidated borrowing figure at Rs 2,52,190 crore. Read more
Index trend and stocks in action on April 22, 2020 Index trend and stocks in action on April 22, 2020 DSIJ Intelligence-3 / Wednesday, April 22, 2020 0 1318 Article rating: 4.0 The support for the index is placed around 8,820 and also, the lower end of the rising wedge is placed around 8,800-8,820 and break of this would lead to further correction. Next support is seen around 8,650 level. Stocks in news: Cupid, HDFC, Jyothy Labs, Reliance Industries. Read more
Lower opening in store for the indices Lower opening in store for the indices DSIJ Intelligence-3 / Wednesday, April 22, 2020 0 716 Article rating: 5.0 Indian markets are staring at yet another dismal opening as cues from the global markets are gloomy. Also, the market participants would be tensed as the number of COVID-19 cases has risen over 20,000 in India, according to Worldometer. At the time of writing, SGX Nifty was down by 50 points trading at 8,913 levels. Read more
LIC Housing Finance forms evening doji star pattern LIC Housing Finance forms evening doji star pattern Vinayak Gangule / Wednesday, April 22, 2020 0 2536 Article rating: 3.9 On Tuesday, the stock has formed a reversal evening doji star candlestick pattern near the upper trendline of bearish flag pattern and coincides with 50-day EMA, which suggest that the bears are taking control near the resistance zone. Read more
IRB Infrastructure Developers form Tri-Star pattern IRB Infrastructure Developers form Tri-Star pattern Vinayak Gangule / Wednesday, April 22, 2020 0 1507 Article rating: 4.2 The stock of IRB Infrastructure Developers Limited has formed a bearish Tri-Star candlestick pattern on the daily time frame. This is an extremely rare pattern and usually occurs at the top of an uptrend. Read more
Board of Shriram Transport Finance approves fundraising proposal Board of Shriram Transport Finance approves fundraising proposal Avalokita Pandey / Tuesday, April 21, 2020 0 5133 Article rating: 3.5 Shriram Transport Finance Company (STFC), the flagship company of Shriram Group, informed that its board of directors has approved the fundraising proposal up to Rs 35,000 crore. Read more
Bloodbath on D-Street: Sensex tumbles 1,000 points, Nifty by 280 Bloodbath on D-Street: Sensex tumbles 1,000 points, Nifty by 280 DSIJ Intelligence / Tuesday, April 21, 2020 0 973 Article rating: 2.5 On Tuesday, mayhem in oil markets led to the crashing of Indian benchmark indices as Sensex plunged by 3.20 per cent which is 1,011.29 points to the level of 30,636.71 while, Nifty dipped by 3.03 per cent which is 280.40 points to be at the level of 8,981.45. In Sensex, 27 out of 30 stocks closed in red and only three stocks ended Tuesday market stir in green. Volatility index-India VIX jumped by more than four per cent to 45.34 level. Read more
TCS collaborate with Amway for transforming its IT operations TCS collaborate with Amway for transforming its IT operations Avalokita Pandey / Tuesday, April 21, 2020 0 1719 Article rating: 3.4 Indian multinational information technology service & consulting company, Tata Consultancy Services (TCS) and American multi-level marketing company-Amway, have entered into a strategic partnership to transform latter’s global technology operations. Read more
US crude oil price bounce back from below zero US crude oil price bounce back from below zero DSIJ Intelligence / Tuesday, April 21, 2020 0 1117 Article rating: 2.5 Tuesday morning was shocking as US crude oil i.e. WTI Crude price had fallen below zero. It isn’t the first time in 2020 for crude prices to plummet by a high percentage. However, post-noon, the WTI crude price showed a mere recovery by trading above zero to USD 0.10 per barrel. Read more
USFDA classifies Aurobindos facility as VAI; stock rises sharply USFDA classifies Aurobindos facility as VAI; stock rises sharply DSIJ Intelligence / Tuesday, April 21, 2020 0 705 Article rating: 4.3 On Tuesday, the shares of Aurobindo Pharma surged by more than 15 per cent on BSE in an otherwise weak market after US drug regulator-USFDA classified the company's Unit IV of Hyderabad plant as voluntary action indicated (VAI). Read more
L&T construction arm bags order for various businesses L&T construction arm bags order for various businesses Apurva Joshi / Tuesday, April 21, 2020 0 1458 Article rating: 5.0 Larsen & Toubro Limited’s construction arm has bagged orders from prestigious clients for its varied businesses. The estimated cost of these orders is worth Rs 1,000-2,500 crore. Read more
Ten stocks close to their 52-week low Ten stocks close to their 52-week low DSIJ Intelligence / Tuesday, April 21, 2020 0 1563 Article rating: 3.9 The market opened in the red on April 21, 2020. The previous trading session witnessed the Sensex going up by 59.28 points to end at 31,648 and the Nifty was down 5 points to close at 9,261. Read more
Ten stocks close to their 52-week high Ten stocks close to their 52-week high DSIJ Intelligence / Tuesday, April 21, 2020 0 1420 Article rating: 3.5 The market opened in the red on April 21, 2020. The previous trading session witnessed the Sensex going up by 59.28 points to end at 31,648 and the Nifty was down 5 points to close at 9,261. Read more
lnfibeam Avenues set to acquire US-based AI Fintech lnfibeam Avenues set to acquire US-based AI Fintech Nidhi Jani / Tuesday, April 21, 2020 0 1433 Article rating: 4.0 lnfibeam Avenues will pay the entire consideration in cash and is likely to complete the acquisition in 30 days. With this, AI Fintech will become a wholly-owned subsidiary of Infibeam Avenues. Read more
Five stocks with selling interest Five stocks with selling interest DSIJ Intelligence / Tuesday, April 21, 2020 0 877 Article rating: 3.8 The market opened in the red on April 21, 2020, overall volumes in futures & options currently stand at 1,41 crore contracts with a turnover of Rs. 7,46,761.67 crore. Read more
Morepen Lab launches wide range of products to fight COVID-19 Morepen Lab launches wide range of products to fight COVID-19 Nidhi Jani / Tuesday, April 21, 2020 0 6453 Article rating: 3.3 Last week, the company had received a license to manufacture Hydroxychloroquine (HCQ) from State Drug Controller for its Baddi plant in Himachal Pradesh and thereafter, it’s working to commercialise the production of HCQ, in both API as well as in the form of tablets. Read more
Five stocks with buying interest Five stocks with buying interest DSIJ Intelligence / Tuesday, April 21, 2020 0 1358 Article rating: 4.1 The market opened in the red on April 21, 2020, overall volumes in futures & options currently stand at 1,41 crore contracts with a turnover of Rs. 7,46,761.67 crore. Read more
Infosys report dismal numbers; refrains revenue guidance Infosys report dismal numbers; refrains revenue guidance Amir Shaikh / Tuesday, April 21, 2020 0 918 Article rating: 5.0 Infosys reported its last quarter numbers for FY20 on Monday. Its revenue for the quarter came in at Rs 23,267 crore as compared to Rs 23,092 crore in the preceding quarter Read more
Markets set for a gap-down opening Markets set for a gap-down opening DSIJ Intelligence-3 / Tuesday, April 21, 2020 0 938 Article rating: 4.7 Global markets are reeling under a selling pressure; blame it on the crashed oil prices. The historic negative oil prices are clear gloomy signs about the outlook of global economy as a consequence of COVID-19 pandemic. Read more
Index trend and stocks in action on April 21, 2020 Index trend and stocks in action on April 21, 2020 DSIJ Intelligence-3 / Tuesday, April 21, 2020 0 928 Article rating: 5.0 The level of 9,400 is likely to act as a stiff resistance. On the other hand, support is seen around 9,090 level, followed by 9,000 mark. Stocks in news: Morepen Laboratories, TCS, Infibeam Avenues, Heildelberg Cement, L&T. Read more
IRB Infra resumes toll collection IRB Infra resumes toll collection DSIJ Intelligence / Monday, April 20, 2020 0 1353 Article rating: 4.3 From today onwards, the nationwide lockdown in India, which was implemented to curb the spread of COVID-19 pandemic, has been eased a little. This has allowed travel to be resumed, following which, IRB Infrastructure Developers announced the resumption of user fee collection at all toll plazas. Read more
Wockhardt receives USFDA QIDP status for WCK 6777 Wockhardt receives USFDA QIDP status for WCK 6777 DSIJ Intelligence / Monday, April 20, 2020 0 1762 Article rating: 3.8 Wockhardt announced that the company has received qualified infectious disease product (QIDP) designation for WCK 6777 from United States Food & Drug Administration (USFDA). WCK 6777 is once-a-day combination antibiotic of β-lactam enhancer. Read more
Strides Pharma receives USFDA nod for Flucytosine capsules Strides Pharma receives USFDA nod for Flucytosine capsules DSIJ Intelligence / Monday, April 20, 2020 0 1027 Article rating: 4.8 Strides Pharma Science Limited informed the bourses on Monday that its wholly-owned subsidiary-Strides Pharma Global Private Limited (Singapore) has received an approval for Flucytosine capsules USP, 250 mg and 500 mg from United States Food & Drug Administration (USFDA). Read more
Planning to invest in equity MFs currently? Read this! Planning to invest in equity MFs currently? Read this! DSIJ Intelligence / Monday, April 20, 2020 0 510 Article rating: 4.0 The recent market correction has made people invest more in the equities. However, there are certain things you need to know before investing in equity MFs. Read on to find out more. Read more
Eros International shares jump after merging with STX Entertainment Eros International shares jump after merging with STX Entertainment Avalokita Pandey / Monday, April 20, 2020 0 2618 Article rating: 3.4 The shares of Indian motion picture company, Eros International Media Limited, jumped around ten per cent on Monday after the company announced an all-share merger with Hollywood’s STX Entertainment to create a global entertainment company. Read more
TVS Motor shines post acquiring Norton Motorcycles TVS Motor shines post acquiring Norton Motorcycles Avalokita Pandey / Monday, April 20, 2020 0 1551 Article rating: 4.3 Indian multinational motorcycle company, TVS Motor, surged around seven per cent in the early trading hours on Monday after the company announced that it has acquired Britain’s Norton Motorcycles for GPB 16 million (Rs 153.12 crore). Read more