Investment in stock and commodity markets are subject to market risk. Free call are only for paper trade to see our performance Don’t’ trade on free call, trade only on calls received through SMS with proper Targets and stop loss . Telephone trading tips should be ignored.

admin

Pharma sales growth back to normal in March after strong boost in winter

After posting double-digit growth rates for three months in a row, pharmaceutical sales in India shifted to a slower pace in March. Sales last month grew 8.9%, easing from a more than 10% rise each in the earlier three months, shows AIOCD data compiled by ICICI Securities Ltd. AIOCD Pharmasofttech AWACS Pvt. Ltd is a pharmaceutical market research firm. The softening stemmed from lower volume, which grew just 1.5%. Barring cancer and blood-related medications, most therapies slowed down, points out…

0
Read More

Asian markets mixed after Chinese data

Stocks in Asian markets were oscillating between its gains and losses on Wednesday after positive Chinese economic data. Japanese shares climbed while stocks in Hong Kong and Shanghai fluctuated. China’s economic growth figures were above expectations, as was industrial production and retail sales data. China’s economy unexpectedly held up in the first three months as policy makers boosted stimulus measures to sustain growth, and should ease concerns about a flagging global economy. The resilience suggests that pro-growth policies are taking…

0
Read More

Auto Q4FY19E Result Preview: Weak demand, margin pressure to impact earnings

For Q4FY19E, most auto companies, on a yoy basis, are expected to post weak demand with margins remaining under pressure. OEM demand soft – Weak demand was witnessed across auto segments in CY18 and the demand environment is yet to see recovery. Despite the retail demand improving, higher inventory levels indicate that wholesale demand will take some more time to bounce. Volume growth is estimated to remain muted in 1HCY19 and bounce post that on a favourable base and pre-buying before…

0
Read More

Sensex, Nifty trade higher; Infosys, Airtel stocks drop

Equity benchmark indices opened higher on Monday as investors turned their focus on March-quarter earnings and macroeconomic data. Metal and realty indices rose 1%, followed by banking, FMCG, media and pharma. The Sensex was up 55 points at 38,823 and the Nifty50 rose 16 points at 11,659. The market breadth was positive on the NSE with 1,019 shares advancing, 502 shares declining, and 552 remaining unchanged. Shares of Infosys dropped 2.5% after the company reported numbers for Q4FY19. Constant currency (cc) revenue grew by 2.1% qoq and…

0
Read More

Stock Recommendations for April 15th-April 18th, 2019

Stock Pick Observation Company HDFC Life Insurance Limited The stock has resumed its higher-top-higher-bottom chart structure and has given a strong recovery by forming a bullish hammer candlestick pattern on the weekly chart. The stock is also on the verge of giving a bullish double bottom pattern breakout on the weekly chart, indicating a continued upward momentum. Recommendation Buy or Sell Buy (Cash) Range Rs  400-405 Target Rs  425 Stop Loss Rs  390 Duration 1 week 200 D-EMA Rs  396…

0
Read More

Welspun Corp rises 2% after receiving additional pipe orders

Shares of Welspun Corp rose in the morning trade on the NSE after the company received pipe orders of 180KMT on a global basis. The company’s order book stood at 1,661 KMT valued at Rs14,100cr. “The company has received additional pipe orders of 180 KMT on a global basis. Out of these additional orders, 136 KMT will be serviced from India, with a major portion to be executed from the new facility in Madhya Pradesh and balance mainly from Americas,” the company…

0
Read More

Top stocks in focus: HDFC Bank, SBI, Vodafone Idea

KKR & Co will offload around 1.14cr shares, or 0.42% stake, in HDFC Bank through a bulk deal on April 10, as per media reports. SBI cuts MCLR across tenors by 5bps. Home loan rates for up to Rs30 lakh have been cut by 10bps. Vodafone Idea said its Rs25,000cr rights issue will open today. Praj Industries signed a construction license agreement with the US-based ‘Gevo’ to commercialize the technology for production of lsobutanol using sugary-based feedstocks, such as juice, syrup and molasses. Mindtree to consider…

0
Read More

Will Elections-2019 decide the fate of markets?

The 2019 elections could be one of the most critical in recent times. The Indian economy stands in a state of flux and the global environment is getting increasingly uncertain. While the markets have always preferred continuity, the popular mandate has the capacity to surprise either ways. Let us look back at the general elections post liberalization and see the impact on the macro-economy in general and the stock markets in particular.   How have markets reacted to previous elections?…

0
Read More

Sensex, Nifty erase gains; RIL, ICICI Bank stocks drag

Equity benchmark indices kicked off the week with a positive bias led by gains in metal, pharma, and banking stocks. However, the stock market erased gains paced by declines in Reliance Industries, ICICI Bank, HDFC, ITC, and Yes Bank. The market participants will monitor the earnings season which starts this week and that will be a key trigger for the markets. Also, the big event of the general election starts this week with the first round of polling on April 11. The rupee slipped by…

0
Read More

Titan sales up 21% in FY19; aims 20% growth for FY20

Titan continued the good growth momentum of the past few years in the financial year ended March 31, 2019, and achieved strong revenue growth for the third consecutive financial year, demonstrating its strength and execution capabilities. Growth has now become broad-based across divisions, reflecting the company’s ability to adapt & recraft according to market needs and creating strong value propositions for its customers by raising standards across the value chain – design, manufacturing, supply chain, branding, retailing, sales etc. Jewellery segment…

0
Read More