FOR LIVE FREE TRIAL CALLS FILL THE FORM>>>>
BEL call first tg acheived . hope u have booked profit of 14400.EQUITAS call also acheived first tg hope u have booked profit of 4000.
The domestic equity market ended in the
positive territory on Tuesday amid buying in select blue-chip counters such as
Tata Motors, Bharti Airtel, TCS and Bajaj Finance. The S&P BSE Sensex closed
above the crucial 39,000-mark for the first time at 39,057, up 185 points. The
NSE's Nifty50 index closed at 11,713, up 44 points with 23 constituents
advancing and 27 declining. The broader market, however, underperformed
the benchmark indices as the S&P BSE MidCap index fell 6 points to end at 15,554 while the S&P BSE SmallCap dropped 28 points to close at 15,117.Sectorally, realty stocks
advanced the most, followed by PSU banks and auto. The Nifty Realty
index settled at 273, up 6 points Tata Motors, Bharti Airtel, Eicher Motors, SBI
and Gail India were among gainers on the Nifty, while HPCL, Zee Entertainment,
BPCL, Bajaj Auto and Sun Pharma remained on the losing side.
Bata India:
Bata India is the largest
retailer and leading manufacturer of footwear in India with ~1300 retail stores
as on Dec 2018. It continued to report strong growth in earnings for the
December quarter. Bata India reported 51 percent growth in revenues.They plan to add 300-350
stores via franchise route in next couple of years.Company’s focus on
premiumisation will lead to the continuation in their growth story which will
also be supported by the low GST rate of 5 percent on footwear products below
Rs1,000 which can give market share gains from unorganized players.Currently, Bata is
quoting near Rs 1345 and has the potential to reach up to Rs 1600.
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