2.NOV.2017 DAILY EQUITY REPORT

MARKET HIGHLIGHTS

Nifty ended 10423.80 DOWN 16.70 and Sensex  22 DOWN  27.05 points

Govt could ask CPSEs to invest into proposed Rs 1.35 lakh cr recapitalisation bonds

EESL gets $434 million funding from global, multilateral agencies

US states look to widen probe on drug price cartelisation, include Dr Reddy’s, Glenmark

HCL Technologies to start business operations in Nagpur from April 2018

SBI cuts interest rate on home, auto loans to lowest at 8.30% and 8.70% respectively

Airtel to invest Rs 25,000 crore in capex this fiscal

NIFTY DAILY

NIFTY DAILY

BANK NIFTY DAILY

BANK NIFTY DAILY

MARKET PERFORMANCE

NIFTY GAINERS

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
AUROPHARMA 790.00 761.30 28.70 3.77
LUPIN 1061.30 1028.15 33.15 3.22
SUNPHARMA 563.90 548.70 15.20 2.77
POWERGRID 216.00 210.35 5.65 2.69
DRREDDY 2405.00 2354.20 50.80 2.16

NIFTY LOSERS          

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
TECHM 467.50 488.50 -21.00 -4.30
HEROMOTOCO 3721.05 3819.35 -98.30 -2.57
INFRATEL 417.70 426.55 -8.85 -2.07
SBIN 314.20 319.85 -5.65 -1.77
ITC 265.80 269.85 -4.05 -1.50

 

Stocks for Tomorrow 3-Nov.-2017

JET AIRWAYS FUTURE

The stock is consolidating just below its resistance level and investors can enter above the consolidation breakout. Breakout will be considered above 602 level and target of 610-618 may achieved with a stop loss of 590.00.
  • Consolidating around its resistance level of 600
  • MACD has given upward cross over on Daily charts

RUPA 

 Stock is consolidating from past 1 month and now it has given trend line breakout on daily charts from the level of 435 and consolidating above it. 450 is very crucial level as we can see that in past stock has taken resistance quite many times and Currently the stock is trading at 445 levels and breakout will be considered above the level of 450, intraday target of 465-470 may achieved with a stop loss of 434.
  • Consolidating around higher levels.
  • RSI is placed at 58.87 levels.
  • MACD has given upward cross over on Daily charts.

MONTHLY REPORT Kajaria Ceramics Ltd. (FUTURE)

Kajaria Ceramics Ltd. (FUTURE)

The company was founded in mid 1988 and now it is the largest manufacturer of ceramic/vitrified tiles in India. It has eight plants – Sikandrabad in Uttar Pradesh, Gailpur & Malootana in Rajasthan, four plants in Gujarat and one at Vijayawada in Andhra Pradesh. Kajaria’s manufacturing units are equipped with modern technology. Intense automation, robotic car application and a zero chance for human error are few aspects that makes Kajaria one of the best in the industry. Its pace to keep up with the customer and market demands has made Kajaria a synonym for quality, service and innovation – not only in the domestic market but in the international market too. In order to enhance the quality of its products, the company has set its sight on all the factors adopting new production techniques be it technology, research, design or quality. Leveraging the two invaluable assets – the Kajaria brand and unparalleled, multi-layer distribution network – to expand the product bouquet to cater to the growing aspirations of the discerning Indian customers. The International Marketing operations are organized by a specialist export division that manages a network of international agents and distributors.

  • In FY 2016-17, it achieved a turnover of Rs. 2850 crore and aiming for industry beating growth in FY 2017-18
  • It has an annual aggregate capacity of 63.90 mn. sq. meters
  • Kajaria Ceramics offers more than 2000 options in ceramic wall & floor tiles, vitrified tiles, designer tiles and much more.
  • Kajaria Ceramics exports to more than 30 countries round the Globe.

 Fundamental Analysis

Kajaria Ceramics Ltd., founded in the mid 1988, is a Mid Cap company (having a market cap of Rs 10823.68 Crore) operating in Construction sector.

  • The company’s key Revenue Segments include Tiles which contributed Rs 2716.60 Crore to Sales Value (99.78 % of Total Sales) for the year ending 31-Mar-2017
  • Power which contributed Rs 3.68 Crore to Sales Value (0.13 % of Total Sales) for the year ending 31-Mar-2017
  • Scrap which contributed Rs 1.88 Crore to Sales Value (0.06 % of Total Sales) for the year ending 31-Mar-2017
  • Rental Income which contributed Rs .25 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2017
  • Kajaria Ceramics today reported a 8.29 per cent decline in its consolidated net profit to Rs 56.95 crore for the second quarter ended September 30, 2017
  • Total income during the quarter under review stood at Rs 672.36 crore against Rs 709.75 crore for same quarter last year.

Technical Analysis

The 750 levels has been major resistance for stock on closing basis as Stock has tested the levels of 750 but did not sustain above it and corrected from there, now stock is at its trend line support level and also trading below its 100 days moving average with RSI looking weak which is placed at 36.90 and MACD also showing sell signal. If it breaks down the trend line support level which is below 675 on closing basis then traders can maintain fresh position with given stop loss.

Technically, the stock future may move down below the levels of 675 and it could test the levels of 610 & 550 in the next month. Technical stop loss should be at 760.

 Supports and Resistance (Monthly)

Resistance 1- 735                             Support 1-675

Resistance 2- 755                             Support 2-600

Resistance 3- 790                            Support 3-540

 

Kajaria Ceramics Ltd. DAILY CHART

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