INDIGO FUT BOOK PARTIAL PROFIT
@ CMP 1644 BOOKED PROFIT OF 9500
CONTINUE TO HOLD FOR FINAL TARGET 1655
ELSE 1685 LEVEL FOR POSITIONAL
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INDIGO FUT BOOK PARTIAL PROFIT
@ CMP 1644 BOOKED PROFIT OF 9500
CONTINUE TO HOLD FOR FINAL TARGET 1655
ELSE 1685 LEVEL FOR POSITIONAL
FOR GETTING MORE DETAILS WAHTSAPP ON 7772909587
HIKE IN STEEL STOCKS
BHARTI AIRTEL & RELIANCE
Last
week, market jumped 2% rejuvenated by the buying interest post-stimulus package
announcement in the us. Last week sensex added 1021 points to end at 50029
&nifty rose 360 points, to close at 14867 levels while this week market
started on a negative note for the mainly due to sharp surge in covid-19 cases
across the country. Despite, stable global cues, the indian indices lost its
ground and ended with losses of nearly 1.5% to end at 14638 levels. The sharp
surge in covid-19 cases has dented investor sentiments and has increased fear
of harsh restrictions which would impact economic activity. The upcoming q4
fy21 earnings season will begin in a week’s time, so investors’ focus will be
shifting back to fundamentals. This time investors’ expectations are rife for a
strong earnings season led by healthy demand recovery and low base effect. On
the earnings front, revenue growth, margins expansion and management commentary
will be key things to watch out. Further, the upcoming rbi monetary policy
would be actively tracked by investors. We expect the rbi to maintain its
dovish stance and leave key rates to be unchanged.
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UPL Ltd., incorporated in the
year 1985 is a Large Cap company (having
a market cap of Rs 49032.Operating in
Pesticides/Agro Chemicals sector. For the quarter ended 31-12-2020, the
company reported a Consolidated Total Income of Rs 9193.00 Crore, up 1.99 %
from last quarter Total Income of Rs 9014.00 Crore and up 3.15 % from last year
same quarter Total Income of Rs 8912.00 Crore. Company reported net profit
after tax of Rs 951.00 Crore in latest quarter. UPL has been struggling to
sustain above its long term mean+1*sigma levels since September 2019. As the
stock was able to move above these levels in the recent up move, further
momentum towards its 2*sigma, placed above Rs 700 cannot be ruled out.
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The market ended near a 1-month low on March 24 amid weak global cues and fears of a second wave of COVID infections in India. At close, Sensex was down 871 points at 49180, and Nifty was down 265 points at 14549. Among sectors, Nifty Metal and PSU bank indices slipped 3 percent each, while Nifty Auto and Nifty Bank shed over 2% each. BSE Midcap and Smallcap indices shed over 1.5% each. More than 100 stocks, including Mindtree, KPIT Technologies, Inox Wind, Godrej industries, Adani Enterprises and Ambuja Cements, hit a fresh 52-week high on the BSE.
Though we have not seen any major correction in the benchmark yet, the uneasiness is certainly increasing with the rapid rise in the COVID cases. Besides, global cues are also mixed. We were hoping for some respite from the banking front but it failed to build on the previous session’s gain. Put together, indications are now pointing towards further slide in the index while volatility is likely to remain high due to the scheduled expiry of March month contracts. We reiterate our bearish yet cautious view and suggest maintaining positions on both sides.
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For those who
want to bet on a little higher risk, cyclicals would probably generate faster
returns. However, I think the consumption space and FMCG
in particular, could generate a steady return and that is why some of the
long-term investors like them.
There are a few
companies which remain in the merit list for us. One among them is a company
called Infibeam. It is a company which is in the fin tech space and it is
emerging stronger. They are facing a certain amount of challenges as far as the
market perception is concerned, but in my view, given the track record that
they have demonstrated and executed, I would think that this company has a relatively
strong proposition to provide a multiplier set of returns. In the Indian
market, analysts and investors probably understand a little less about the fin tech space. With some degree of understanding, these companies could command
relatively better valuations. Along with that, there are opportunities in the
mid tier IT companies which are basically aligning themselves largely with the
cloud computing and digital space. Here, one could see a CAGR of around 25-30%
over the next 4-5 years. There are select companies in the portfolio where we
feel that opportunity is there and risk is worth taken.
On one hand, there is content and on the other hand, there is distribution.
If you can plug your content to the distribution well, that is where the larger
growth is going to be. The growth in the market cap of some of the companies in
recent times can be linked to the OTT platforms which have generated a
significant amount of wealth for these companies who are willing to expand
globally. In India, most of the companies have got strong content -- be it the Zee group &
Network 18 Group they are basically registering higher amounts
of returns on the OTT side. That is an area where we think one can think of
creating wealth.