Weekly Insight 22 Apr 2019

Overview : Domestic market continued its upward trajectory with Nifty and Sensex gaining 0.94% and 0.96% respectively in a truncated week. Global stock markets however witnessed some profit booking as early bird...

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Derivatives Strategy 22 Apr 2019

Overview : Larsen & Toubro (L&T) has started recovering after a fall of almost 18% from its January highs. Continued addition of short open interest was seen till the February series when it tested 1200 levels. ...

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Sector Update Cement 20 Apr 2019

Overview : After an elongated period of unfavourable pricing, the southern region witnessed sharp increases in cement prices in the earlier half of Q4FY19. Despite being partially rolled back in the ending weeks...

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DCB Bank 20 Apr 2019

Overview : We remain concerned about the bank’s loan portfolio which is heavily skewed toward a relatively high-risk LAP. DCB has also considerably slowed down its opex growth to reduce cost ratios. However, in ...

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RBL Bank 20 Apr 2019

Overview : The bank is richly valued owing to its super strong growth trajectory, management pedigree and a steady increase in return ratios (RoA/RoE at 1.5%/13% by FY21E after factoring in the capital infusion)...

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DEN NETWORKS 20 Apr 2019

Overview : While the deadline for migrating subscribers to the new tariff regime has passed, we will keep an eye on further recalibration of bouquets offered to customers. Taking in to account RJIO’s plan to ent...

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Derivatives Weekly 20 Apr 2019

Overview : The Nifty made a new high. On a weekly basis, it was able to close near life-time highs. The open interest in Nifty futures is still quite low, which should limit downsides in the market. Short positi...

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Derivative View 18 Apr 2019

Overview : Post the positive start, the Nifty witnessed follow-up buying and recorded a life-time high of 11810. Strong buying was seen in cement stocks as well as private banks. Looking at the options data, Put...

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Result Update : Mindtree 18 Apr 2019

Overview : Mindtree reported strong revenue growth of 3.9% qoq in CC terms in Q4FY19, which came in well above our expectations of 3.0%. However, lower operating margin at 15.2% (vs. our estimate of 15.7%) resul...

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Commodity Report 18 Apr 2019

Overview : On Wednesday, spot gold prices declined marginally by 0.19 percent to close at $1273.7 per ounce. Stronger Chinese economic data eased the global slowdown concerns which increased the demand for riski...

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Sector update : Healthcare 18 Apr 2019

Overview : Ind AS 116 will likely impact profitability, liabilities and valuations of hospital companies. The new accounting standard eliminates the classification between operating and finance lease, thereby re...

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Agri Commodity Report 18 Apr 2019

Overview : NCDEX May Soybean fell for second consecutive day on Tuesday to close at 3,745 rupees per 100 kg as market participants book profits on forecast of near normal monsoon forecast by IMD in the afternoon...

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Currency Daily Report 18 Apr 2019

Overview : Indian Rupee appreciated by 0.14 percent yesterday while the Dollar Index declined by 0.04 percent. Slowdown in growth and inflation concerns coupled with economic concerns of the emerging markets led...

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Equity Bazaar 18 Apr 2019

Overview : Trends on SGX Nifty indicate a flat to positive opening for the broader index in India, a rise of 4 points or 0.03 percent. Nifty futures were trading around 11,853-level on the Singaporean Exchange....

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Aaj Ka Trend 18 Apr 2019

Overview : Gold prices extended their drop for the fourth consecutive session on Tuesday, as risk-taking appetite was fanned by recent positive economic data and signs that USSino trade negotiations are yielding...

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Currency Highlights 18 Apr 2019

Overview : The dollar was still trading sideways in early trading in Europe Tuesday, after dipping late Monday on the back of comments from the Federal Reserve’s Charles Evans suggesting that there will be no ch...

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Derivative Strategy 18 Apr 2019

Overview : Larsen & Toubro (L&T) has started recovering after a fall of almost 18% from its January highs. Continued addition of short open interest was seen till the February series when it tested 1200 levels. ...

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Option Ran Neeti : TECHM 18 Apr 2019

Overview : On an option front, we are seeing Short Covering in “In the Money” CE strike price and Long Built-up in “Out of the Money” CE strike price while we are seeing Short Built-up position in through out th...

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Century Tex April Fut 18 Apr 2019

Overview : On a daily chart, the stock has given a breakout of its downward falling trend line which indicates a robust upside movement in the counter. Moreover, the stock has taken the support of its 21 Days M...

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Result Update : Wipro 17 Apr 2019

Overview : Wipro reported weak Q4FY19 results, with 1% CC revenue growth qoq for the quarter vs. our expectation of 1.5% CC growth. EBIT margin declined 80bps qoq to 19% for its IT services business, in line wit...

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