BUY LAL PATH LAB ABOVE 916 TARGET 950-1010 WITH SL 875 TOTAL 1000 SHARES
For More Info, Call us @8767988208 or Subscribe us at www.marketmagnify.com
Escorts standalone net profit rises 32.47% in the September 2018 quarter
Net profit of Escorts rose 32.47% to Rs 102.74 crore in the quarter ended September 2018 as against Rs 77.56 crore during the previous quarter ended September 2017. Sales rose 15.41% to Rs 1398.36 crore in the quarter ended September 2018 as against Rs 1211.69 crore during the previous quarter ended September 2017.
Escorts tractor sales jump 29% in October
Escorts Agri Machinery Segment sold 13,140* tractors in October 2018, registering a growth of 28.8% against 10,205 tractors sold in October 2017.
Total sales in October 2018 included domestic sales of 12,867 tractors and export of 273 tractors, higher by 28.7% and 33.8% respectively over October 2017.
In October 2018, sales to Nepal and Bhutan has been included in export which was earlier reported in domestic
ON 20TH NOV, Escorts announced that CRISIL has assigned the rating CRISIL A1+ in respect of Commercial Paper Programme of Rs 100 crore of the Company.
LAST 4 QUARTER PERFOMANCE BY COMPANY
|ALL FIG IN CR.||DEC 17||MAR 18||JUNE 18||SEPT 18|
|Market cap||8635 cr|
|Face value||Rs. 10.00|
|Book value||Rs. 181|
|52 Week H/L||Rs. 1017.70/ 541|
|Industry P/E Ratio||21.90|
Stock has enjoyed its bull run from mid of June 2016 where it has started its bull run from the level of 175 and made its all time high of 1017.70 on 2nd MAY 2018 and after that it has been in correction face and till OCT 2018 it has corrected up to 61.80% of Fibonacci retracement level.
After taking support of Fibonacci retracement level, stock has formed double bottom price pattern on daily chart and breakout of the pattern is above the level of 650 which stock has given on 1st Nov 2018 and after that stock has been trading in a consolidation move and trade in a narrow range for almost all of NOV 2018 but on last day of the month stock has given breakout of the consolidation range and also closed above the range breakout level.
On weekly chart,
From the above evidence, we conclude that stock may move up above the level of 710 and it may test 760-820 levels in the month of December with a stop loss below 640 levels
Monthly Support and Resistance level
Resistance 1- 710 Support 1- 650
Resistance 2- 770 Support 2- 585
Resistance 3- 850 Support 3-540
1. Don’t use herd mentality:- The typical buyer’s decision is usually heavily influenced by the actions of his acquaintances, neighbors or relatives.The world’s greatest investor Warren Buffett was surely not wrong when he said, “Be fearful when others are greedy, and be greedy when others are fearful!”
2.Take decision with information:- research should always be undertaken before investing in stock market.
3.Invest in business you understand:- firstly understand the business where you invest.before investing you should know know about the business and company.
4.Follow a disciplined investment approach:-the investors who put in money systematically, in the right shares and held on to their investments patiently have been seen generating outstanding returns.
5.Monitor rigorously:-If you can’t review your portfolio due to time constraint or lack of knowledge, then you should take the help of a good financial planner or someone who is capable of doing that. “If you can’t even do that, then stock investing is not for you. Better put your money in safe.
After crossing the day high of Rs.175.35 at falling as low as Rs.169.90 through the day, one stock of DLF Ltd. was observed to be priced at Rs.174.
With the volume weighted average price being Rs.173.36 , the total traded volume was observed to be 2,785,662 stocks.
The bid price was Rs.171 for 2637 stocks
BUY DLF FUTURE 176 TARGET 178-180 WITH SL 173.80
Wow! Its great to us getting 1st position in ‘Advisor of the week” awarded by Advisorymandi.com in Commodity as well as in Equity to “Market Magnify”. It is the moment of immensely feeling pleasured and honored. You can elaborate yourself more about company just visiting at Advisory Mandi.
Market Magnify Investment Adviser & Research Pvt Ltd. provides you Trading tips of the Indian stock market & Commodity Market with intense analysis done by our Team of Analysts. We have been providing valuable Tips to our clients through various methods.
We have helped lot of retail and HNI client through our tips services to fulfill their financial goals by making their money work for them a better way. We try to follow the trend and ride it using technical analysis rather than predicting customer’s needs.
Nifty Future tips
Stock Future tips
This is our combo service where we provide tips in all equity and derivatives segment. If you trade in all equity and derivatives segments then this service will be perfect for you.
Market Magnify always aim at providing services in accordance with the comfort levels of all traders and investors in stock market. If you are facing any problem please call our 24/7 Customer Care Support at: +91-731-4783811 Or Missed Call @ 8767988208
RBL Bank Ltd. was incorporated in the year 14-06-1943. Its today’s share price is 557.75. Its current market capitalisation stands at Rs 23721.65 Cr. In the latest quarter, company has reported Gross Sales of Rs. 45075.66 Cr and Total Income of Rs.55757.54 Cr. The company’s management includes Vinay Tripathi, Ishan Raina, Palepu Sudhir Rao, Jairaj Purandare, Rama Bijapurkar, Sivanandhan Dhanushkodi, Prakash Chandra, Rajeev Ahuja, Vishwavir Ahuja. It is listed on the BSE with a BSE Code of 540065 , NSE with an NSE Symbol of RBLBANK and ISIN of INE976G01028. It’s Registered office is at 1st Lane,Shahupuri, Kolhapur-416001, Maharashtra. Their Registrars are ACC Ltd. It’s auditors are BSR & Co LLP, SR Batliboi & Co LLP
As we suggested in our last commentary Nifty future can test 10400-10450 only if it sustains above 10300 level and now Nifty future may test 10600-10700 levels in next few trading days with a support of 10300 levels. But we may see low volatility in the market due to diwali vacation next week. Few sectors like paper,reality and banking are performing well and we may see further bullish movement in the sector. We suggest you to adopt buying on dips strategy and remain bullish in the market
BUY ICICI PRUDENTIAL FUTURE ABOVE 348 TARGET 352-357 WITH SL 343
Nifty future made a of 10315 today but cannot sustain at higher levels which forces Nifty future to close in red today but market may resume its bullish trend only above if it sustains 10300 levels which is very crucial and on the down side it is sustain below 10200 level then market may remain under pressure and it can again test 10100-10070 levels soon.
Today market was highly volatile it we talk about stock specific movement and it may remain volatile tomorrow as well and there are stock specific opportunities in the market which can give you high return and for that you have to follow the trend of the market and stock.
BUY MCDOWELL FUTURE ABOVE 565 TARGET 569-574 WITH SL 559.50
BUY SELAN ABOVE 230 TARGET 234-238 WITH SL 225