Star ratings are profoundly used while making decisions regarding mutual funds investments. These ratings are based on past performance of the funds and certainly do not reveal anything about the future. DSIJ clears the air around investing in mutual funds, based solely on star ratings.

NIFTY Index Chart Analysis

The Samvat 2076 mood of the Indian stock market

Profit after tax in Q2FY20 more than doubled to Rs. 193.8 crore from Rs. 89.5 crore in Q2FY19. Further, the company recorded 222 bps and 778 bps improvement in ROCE and ROE to 26.3 per cent and 22 per cent for Q2FY20 respectively.

Investment Strategies

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 margin padding price below Rs 100 with sound fundamentals and expected to give handsome returns over a one-year time horizon

Most of us would not buy a new mobile phone just because it looked great from the outside. Before zeroing on a mobile to buy, we would first do a thorough walkthrough of the product. We would look for its battery life, check for its camera quality,

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

Nifty and Sensex have been busy responding to the financial results announced by companies for the quarter ended September 30, 2019. With the festive season at the doorstep, the demand for commodities is expected to pick-up.

Your previous cover story on beaten down stocks really made me reconsider my choices of stocks to add to my portfolio.

By the time you would be reading this editorial, the festive spirit would have gripped the entire nation, with people uniting to celebrate the mega Hindu festival, Deepavali.

Dr Reddy's Laboratories on Wednesday said that it has voluntarily recalled all its Ranitidine medicines from US market due to contamination with probable cancer causing N-Nitrosodimethylamine (NDMA).

In the early act, SGX Nifty can be seen marching higher, with global cues being supportive this morning. Further, bulls will take a sigh of relief from the fact that the IMF sees the Indian economic growth, rebounding to around 7 per cent in the next financial year. However, as the day progresses, all eyes will be on the results of the Assembly election, recently held in Haryana and Maharashtra.

The level of 11,550 is immediate support for the Nifty and a sustainable move below this can create opportunities for further corrections towards 11,450 level. Meanwhile, the level of 11,700-11,715 poses stiff resistance for Nifty on the upside. Stocks in news: GMR Infrastructure, Yes Bank, HCL Technologies, PVR, Hindustan Aeronautics, DHFL.

Lupin Limited received approval for its Divalproex Sodium Extended-Release (ER) Tablets USP, 250 mg and 500 mg, from the United States Food and Drug Administration (U.S. FDA), to market a generic equivalent of Depakote Extended-Release Tablets, 250 mg and 500 mg, of AbbVie Inc.

The proposed investment involves a subscription (acquisition) of the equity shares of KPPL, in which the company presently holds 97.89 per cent shares. 

Larsen and Toubro Hydrocarbon Engineering Limited (LTHE) on Wednesday, has been awarded a mega EPCC project by Hindustan Petroleum Corporation Limited (HPCL). LTHE is a wholly owned subsidiary of Larsen and Toubro.

The BSE Sensex ended at 39058.83, up by 94.99 points or 0.24%. The broader indices ended mixed; the BSE Mid cap index fell 0.18%, while Small cap index was up by 0.24%.

Jubilant Life Sciences’ material wholly owned subsidiary Jubilant Pharma through one of its wholly owned subsidiaries has received Abbreviated New Drug Application (ANDA) final approval

The shares of Bank of Maharashtra gained almost 7 per cent intraday after announcing their September end quarterly result of the current fiscal year.

EMI is something some people think of casually, while some consider it as a ticking bomb. However, what if you only need to pay the principal amount in installments? Read on to find out more on whether to opt for no cost EMIs or not.

In the second quarter of FY20, Syngene reported 11 per cent growth in the  total income to Rs. 485.2 crore from Rs. 436.8 crore in corresponding quarter a year ago

Muthoot Finance Ltd, has successfully priced a USD 450 Million Fixed Rate Senior Secured issuance in 144A / Reg S format for a 3 year tenor at 6.125 per cent.

The last trading session saw key benchmark indices snapping their six-day winning streak. The bears found some space to comeback among the rampaging bulls; however, their success seems to be limited in scope. The early indications from SGX Nifty suggest the index to open flat to positive, as it is trading at 11,618.50 levels.

The level of 11,475 is likely to act as an important support going forward. Sustaining above the level of 11,700 would open doors for an upmove towards levels of 11,780. Stocks in news: Lupin, PEL, Bajaj Finserv, Linde India, Subros, Jubilant LifeSciences.

The share price of  Infosys is down by 15% in today’s trade, due to corporate governance issue. Read on to find how it is going to impact NAVs of mutual fund holding shaers of Infosys.

The stock of Shriram Transport Finance Co. Ltd (SRTRANSFIN) has formed a Three White Soldiers pattern on the daily time frame. Three White Soldiers is a bullish candlestick pattern that is used to predict the reversal of the current downtrend in a pricing chart.

The stock of Berger Paints India Limited has formed a Bearish engulfing candlestick pattern on the daily time frame.

The company’s profit after tax jumped by 88 per cent YoY to Rs. 32.46 crore. This was partly aided by higher other income of Rs. 7.13 crore in the quarter as compared to Rs. 5.73 crore in the corresponding quarter of previous year. Also, PAT margin for the period improved to 10.4 per cent from 8.1 per cent in Q2FY19.

Considering the weekly scale, the stock of Just Dial Limited has formed Hammer candlestick pattern near upward sloping trendline support and it coincides with the 100-week EMA, suggesting bulls are taking control near the long term support.

The scheme information document (SID) of the fund gives you a whole lot of information about the fund, however, four things you need to know and check about a fund before you decide to buy its unit.

Bharat Heavy Electricals Limited (BHEL) has successfully commissioned 1x800 MW Wanakbori Unit 8 Expansion Project in Gujarat. Located in Kheda district of Gujarat, the project is owned by Gujarat State Electricity Corporation Limited (GSECL), a state-owned power generation company.

This fund will be used to increase its grinding capacities in Bihar and West Bengal by 0.6 MTPA each and a new grinding unit of 2.2 MTPA in Odisha. All plants will be commissioned by Q1FY21E.

Everyone in this world wishes to become wealthy, but very few get successful. So, here are some tips that should help you to become wealthy.

AstraZeneca Pharma India Limited has informed the bourses that it will launch Durvalumab (lmfinzi) in India on October 22, 2019.

The SGX Nifty is trading down by 55 points at 11,643 levels. On earning front, the key stocks, such as Asian Paint, Bajaj Finance, Bajaj Finserv, and Kotak Bank, will report their results today.

A sustainable move above 11,696 mark will result in an extension of the upmove towards the levels of 11,790-11,830 mark. For now, the failure to pierce above the last week’s high and close below the prior low will be the first sign of profit booking. Stocks in news: Wipro, CreditAccess Garmeen, Jubliant LifeSciences, Granules, Sadbhav Infrastructure Project, Tata Motors, Infosys.

The stock of Manappuram Finance Limited has given breakout of 'Cup and Handle' pattern on the daily time frame. This breakout is supported by robust volumes.

The board of directors of Sadbhav Engineering (SEL) and Sadbhav Infrastructure Project (SIPL) have approved the merger of Sadbhav Infrastructure into Sadbhav Engineering, according to their exchange filings. Sadbhav Infrastructure is the subsidiary of Sadbhav Engineering.

We have listed down top five companies of BSE500 in which FIIs have increased their stake and top five companies of BSE500 in which FIIs have decreased their stake between the last two quarters, i.e. from quarter ended on June 2019 to quarter ended on September 2019.

The banking benchmark index Bank Nifty is moving in the sequence of higher highs since Monday. It has gained almost 1077 points or 3.84 per cent and the price action has formed a sizeable bullish candle on the weekly scale.

In terms of market share, the private players command nearly 90 per cent of the market share and the rest belongs to BSNL and MTNL as on 31^st August 2019. Vodafone Idea remained the market leader with share of 32.03 per cent followed by Reliance Jio 29.74 per cent and Bharti Airtel 28.01 per cent.

There are various ways in which one can plan for their retirement. 3:1 ratio is one such way. So, what is it and whether you should rely on it or not? Let’s find out.

Investors need to look at main profitability ratios as listed below. While these main, the investors must also look at other ratios and aspects as well.

New Fund Offers (NFOs) that are open for subscription.

Gillette India Limited stock has given a Symmetrical Triangle pattern breakout on the weekly scale. This breakout gets confirmed by the above 50-week average volumes.

Considering the weekly time frame, the stock of ACC limited has bounced back from the edge of the rising trendline support that is formed by connecting the swing lows from July 2018. The reversal from the support is further justified with strong volumes.

Gujarat Gas Limited was picked by our Bollinger Band squeeze scanner which suggests that the stock is near a consolidation breakout.

The airlines also saw declines in load factor. Though, the IndiGo maintained its dominant position with 48.2 per cent market share. On the other hand, SpiceJets market shares fell to 14.7 per cent in September 2019 from 15.5 per cent in August. 

On Friday, Sensex rose 0.64 percent to close at 39,301.22 while the Nifty rose 0.65 percent to end at 11,661.75. For the week, Sensex and Nifty closed higher by 2.9 per cent and 3 per cent respectively. 

The order won on Friday is its fourth win during the current month. Earlier, this week it secured two orders worth Rs. 50.48 crore and Rs. 60.58 crore in Odisha state. Last week it secured order worth Rs. 220.66 crore in Uttar Pradesh.

Amber Enterprises India Limited on Friday informed about acquisition of Equity Share Capital of EVER Electronics Private Limited.

Indoco Remedies a fully integrated, research-oriented pharma Company informed the bourses today that its Clinical Research Organisation (CRO), AnaCipher, located at Hyderabad has cleared the USFDA (United States Food and Drug Administration) inspection with zero 483s.

The strong liquidity position disclosure from Indostar Capital gives it the much needed boost. As of end of FY19, the networth of the company stood at Rs. 3,006 crore. The gearing has increased to 3.6x in FY19 from 2.9x of earlier fiscal.

Larsen & Toubro Infotech (LTI) on Thursday announced that it has signed a definitive agreement for acquisition of 100 per cent stake in PowerupCloud Technologies. The company will settle this transaction for cash consideration.

The stock price took a lot of beating after the cancelation of the buy back proposal. Stock price traded at Rs. 633 when it first informed about the buyback. It corrected 15 per cent to Rs. 540 in August 2019.

We have listed down top five companies in which promoters have increased their stake and top five companies in which promoters have decreased their stake in the quarter ended September 30, 2019.

After a high-five by the bulls on Thursday, there seems to be a clear fatigue has set in as the indications by SGX Nifty in early deals suggest that the market may open with a modest decline today since it is trading 26 points lower at 11,580 levels.

There are two major roadblocks for the index which are placed at 11,620 level which is a critical sloping trend line resistance followed by the prior pivot which is placed at 11,695 level. If these levels are cleared then the next target is placed at 11790. Stocks in news: Cipla, LTI, NOCIL, Indiabulls Housing Finance, SEAMEC.

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

Alicon Castalloy Limited has won multi-year contracts worth Rs 810 crore with two leading global automakers and two Tier 1 Global Suppliers. These contracts are spread over a period of 5 years with supplies commencing in stages between June 2020 and December 2021.

Sentiment Indicators

Review

Karur Vysya Bank on Wednesday informed the tie up with Home Credit India (HCIN) for a unique lending partnership.

The developments over the past few days have suddenly provided an added gush of confidence in a downbeat market sentiment. 

Street Talk

Investors also cheered with a report that the digital payment system that has been developed in India not only allows big tech companies to participate in it but also has convenience, ease of use, low cost and financial inclusion.

Pennar Industries Limited has announced to the bourses that it has bagged orders worth Rs 304 crore across its business verticals during the month of September 2019.

Prakash Industries Limited has commissioned its 6th Sponge Iron Rotary Kiln and has started commercial production. The commercial production from the new Sponge Iron Rotary Kiln with additional power will result in significant cost savings to the Company.

September 2019 was an exceptional month for the equity market because the frontline equity indices gained more than 8% in just two days. Read on to find if it had impact on mutual fund flows.

Sukanya Samriddhi Yojana is one of the schemes that are backed by government. So, how can you plan your girl child’s education with it? Let’s find out.

The level of 11,480 would be crucial in Thursday's session to watch out. If it sustains above the 11,480 mark it would pave the way towards our estimated target of 11,550-11,600 in the short term. While, on the downside, any close below the prior will lead to levels of 11,200 followed by 11,090. Stocks in news: Bajaj Finance, Edelweiss Financial Services, Zuari Agro Chemicals, National Aluminium, Deepak Fertilisers, KNR Construction.

After registering a winning streak for four consecutive trading sessions, the big question on D-street is will markets rally on Thursday? Going by the early indication of SGX Nifty, that is trading with a marginal gain of 5 points at 11,491 levels, suggests that we are in for a flat to positive opening and there are bright chances that bulls may continue their upward march as both, FPIs and DIIs were net buyers in the last sessions.

PNC Infratech has received Letters of Award (LoA) from National Highways Authority of India (NHAI). The shares of the company jumped over 4 per cent intraday reacting to the news.

Exide Industries is set to launch Exide Neo, thus marking its entry into the e-rickshaw market in India. 

Inox Wind has signed an additional deal with Adani Green Energy for SECI 50 MW capacity. Reacting to the news, the stock of the company was trading up by 16.59 per cent in the early trading session on Wednesday.

ONGC Videsh which is wholly owned subsidiary of Oil and Natural Gas Corporation Limited (ONGC) has reported of oil discoveries in its onshore exploration block CPO-5 in Colombia located in the Llanos basin and major gas in the deep offshore exploration block BM-SEAL4  in Brazil located in the Sergipe Alagoas Basin.

Investors grapple to take decision on a fund when the fund manager managing that fund leaves. Read on to find if you should exit the fund. 

A subsidiary of Sun Pharma launched Drizalma Sprinkle in the United States. It is the first and only USFDA approved sprinkle formulation of Drizalma Sprinkle which is delayed-release duloxetine capsules used in treatment of patients suffering from neuro-psychiatric and/or pain disorder accompanied with difficulty swallowing.

Unlike stocks there are various reasons when one should consider selling or redeeming mutual funds. What are they? Let’s find out.

The US Food and Drug Administration (USFDA) successfully audited  Indoco Remedies’ sterile manufacturing facility in Goa (Plant II) during the period from October 7 to 15, 2019.

ARSS Infrastructure Projects Limited has won an order of Rs. 50,46,70,085 for "Construction of Roadbed, Minor Bridges, Service Buildings including Amenities, Passenger Amenities at Stations and related works along with General Electrical Works in connection with 3rd line between Rayagada (KM: 343.90) to Jimidipeta (KM: 356.518) on Waltair Division of East Coast Railway in Odisha State.

Bajaj Resources Ltd, the promoter entity of Bajaj Consumer on Tuesday sold nearly 21.9 per cent of total shareholding. This stake sale represents around 36 per cent of overall promoter holdings. Consequently, the stock on Tuesday tanked nearly 10 per cent.

The first task for the bulls would be to cross the 61.8 per cent retracement (11,463) and sustain above this level to maintain its rhythm of higher-high:higher-low.  Stocks in news: Bank of Maharashtra, ONGC, NBCC, Thangamayil Jewellery, ENIL, REC, ARSS Infrastructure Projects.

This morning markets are greeted with both the positive and negative headlines. The weight of positive headlines is likely to overshadow the negative headlines as most of the negatives is already factored in and we believe that the positive catalysts will keep the bulls in driving seat today.

In today’s trade the benchmark indices were trading in positive terrain and in addition the Metal stocks too joined the rally. BSE Metal index was up by nearly 2.8 per cent and  touched an intra-day high of 9,042.35. In last one week the BSE Metal index has delivered nearly 7 per cent return.

Debt or loans are part of our life and we use it very casually. However, there are few myths attached to it that needs to be cleared. Read on to find out more.

Shares of Jindal Drilling & Industries jumped over 15 per cent intraday on Tuesday as the company announced on the bourses on bagging an order from ONGC.

Vikas WSP has received an export order backed by Letter of Credit (LoC) for US$ 30 million (Rs 210 crore) for the export of guar gum powder to be used in oil fields in the Middle East. 

Although the inflation rate has remained within Reserve Bank of India's (RBI) target level of 4 percent, but it was higher than the previous month data.

Overall volumes in futures & options currently stand at 1,27,67,730 contracts with a turnover of Rs. 8,52,895.76 crore.

Overall volumes in futures & options currently stand at 1,27,67,730 contracts with a turnover of Rs. 8,52,895.76 crore.

The most significant thing today morning is that the SGX Nifty is indicating a positive start at D-street despite fading optimism over US-China trade negotiations. At the time of writing, SGX Nifty was up by 45 points trading at 11,380 levels.

A strong breakout above the 11,408 mark can push index higher towards 11,500-11,550 levels. Conversely, a decisive plunge below the level of 11,060-11,090 can lead to test the important psychological base of 11,000 mark. Stocks in news: Lemon Tree, Adani Transmission, JSW Energy, TCS, Yes Bank, Lakshmi Vilas Bank.

It is always advised to have your car insurance, as it helps to protect you and your assets. When you are about to renew your policy, make sure you follow these dos and don’ts.

The change of name of company from 'Lawreshwar Polymers Limited' to 'Lehar Footwears Limited' w.e.f 10th October 2019 has been approved by the Registrar of Companies, Rajasthan, Jaipur.

The following stocks would be in focus during Tuesday’s trading session in light of their results announcement: ACC, Karnataka Bank, SBI Life Insurance Company, TV18 Broadcast and Wipro.

Sun Pharmaceutical Industries Limited on Monday informed the exchanges about launching of CEQUA for the treatment of dry eye disease in the US.