Daily Equity Report on 1st Nov,2017

MARKET HIGHLIGHTS

Nifty ended 10440.50 UP 105.20 and Sensex  27  UP  387.14 points

Govt to implement 200 reforms to push India into top 50 in World Bank ranking: DIPP

India’s current account deficit to be 1.5% of GDP this fiscal

 

Expect overall growth in the area of 8-10%: Syndicate Bank

Adani Transmission acquires RInfra WRSSS assets for Rs 1,000 cr

Ashok Leyland October sales miss expectations, increase 3% to 12,914 units

Alembic Pharma completes US-based Orit Lab acquisition

NIFTY DAILY

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BANK NIFTY DAILY

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MARKET PERFORMANCE

NIFTY GAINERS

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
BHARTIARTL 543.00 497.20 45.80 9.21
SBIN 320.00 305.80 14.20 4.64
ICICIBANK 313.35 300.10 13.25 4.42
VEDL 343.35 331.85 11.50 3.47
HINDALCO 275.65 267.40 8.25 3.09

NIFTY LOSERS

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
EICHERMOT 30931.00 32233.40 -1302.40 -4.04
INFRATEL 425.30 442.15 -16.85 -3.81
DRREDDY 2355.00 2428.15 -73.15 -3.01
UPL 782.00 799.30 -17.30 -2.16
HCLTECH 841.00 855.80 -14.80 -1.50

FII TRADING ACTIVITY (NSE & BSE) In Crores

CATEGORY DATE BUY VALUE SELL VALUE NET VALUE
FII/FPI 01-NOV-17 6131.83 5093.52 1038.31

STOCKS TO WATCH FOR 02 NOV

ALKEM

The stock is consolidating above its 100 days moving average and as we can see that stock is in consolidation phase from past 5 months. Breakout will be considered above 1910 level and target of 1950-1980 may achieved with a stop loss of 1870

  • Consolidating around its resistance level of 1900
  • RSI has also shown recovery and now placed at 61.96 level
  • MACD has given upward cross over on Daily charts

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VBL LTD

Stock is moving in a particular channel from Aug 2017 and now it is consolidating on higher levels just below its trend line resistance level and RSI has also given trend line breakout. Currently the stock is trading at 510 levels and breakout will be considered above 515 and intraday target of 528-540 may achieved with a stop loss of 504.

  • Consolidating around higher levels below its trend line resistance level
  • RSI is placed at 52.61 levels.
  • MACD has given upward cross over on Daily charts

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LA OPALA RG LTD MONTHLY OVERVIEW

LA OPALA RG LTD

The Company was originally incorporated as a Private Limited Company under the name of La Opala Glass Private Ltd. on 11th June 1987, at Calcutta. The Company was subsequently converted into a Public Limited Company and its name changed to La Opala Glass Limited.- The Company was Promoted by Jhunjhunwala family, the main promoter was Mr. Sushil Jhunjhunwala and his son Ajit Jhunjhunwala. The company entered the crockery market and introduced a wide range of opalware with a capacity of 688 tonnes per annum at Madhupur, Bihar. The main object of the company is to manufacture glass and glass products of all types.

  • In 2015 Commencement of Commercial Production of expansion of Sitarganj Unit
  •  From delivering high quality products and sublime artistry to upholding commitments, the Company practices TQM parameters and was the first Indian company in opal glassware to be certified under ISO 9001, now upgraded to ISO 9001: 2008 standards
  •  Having received the highly important ISO 9001-2000 certification and matched the standards of the Food and Drug Administration (FDA) USA, we also received the ‘Udyog Ratna’ award conferred by the Government of Jharkhand. More accolades were won with Capexil’s ‘Most Outstanding Performer’ and ‘One Star Trading House’ status.

Fundamental Analysis

La Opala RG Ltd., incorporated in the year 1987, is a Mid Cap company having a market cap of Rs 2946.50 Crore operating in Glass sector. La Opala RG Ltd. key Products Segments include Glass & Glassware, Export Incentives and Electricity. For the quarter ended 30-06-2017, the company has reported a Standalone sales of Rs 46.71 Crore, down -37.74 % from last quarter Sales of Rs 75.02 Crore and down -7.17 % from last year same quarter Sales of Rs 50.31 Crore Company has reported net profit after tax of Rs 12.60 Crore in latest quarter

  • Return on equity and net profit margin of the company is 20.08% and 20.89% whereas peer average is -3.52% and -2.29%.
  • Promoters stake in the company stand at 65.02%
  • Gross profit of the company is 28.44% whereas peer average is -22.29
  • The Company reported 11.80 per cent revenue growth and 40.68 per cent PAT growth YOY basis.

Fundamentals

Market cap

2946.50 cr
Face value

Rs. 02

Book value

Rs. 49.30
EPS

Rs. 10.21

52 Week H/L

Rs. 576.00/ 432.55
Dividend Payout

100%

Listed at

NSE/BSE
P/E Ratio

52.00

Industry P/E

45.15

Technical Analysis

Stock is in bullish trend and formed symmetrical triangle continuation pattern on weekly chart. Formation of the pattern is started from July 2015. It is currently trading at a level of 530 which is just below its trend line resistance breakout, which is placed at 540. By breaking the level of 540 it will also break through the symmetrical triangle pattern and traders are advised to make fresh position above the level of 540. Stock is also currently trading above its 100 days moving average on weekly chart.

  • MACD has given upward crossover on weekly chart
  • RSI is placed at 57.40 levels.
  • Stock is consolidation below its resistance level which is placed at 540

Technically the stock may breakout from its resistance level 540 and it can target 590 and 640 level in the next month, Technical stop loss should be below 490 levels.

 Supports and Resistance (Monthly)

Resistance 1- 540                           Support 1-510

Resistance 2- 576                           Support 2-470

Resistance 3- 615                           Support 3-435 

 LAOPALA WEEKLY CHART

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