BUY LAL PATH LAB ABOVE 916 TARGET 950-1010 WITH SL 875 TOTAL 1000 SHARES
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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
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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
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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
|BANK NIFTY FUTURE||25475.00||25495.30||24444.00||24502.45|
Indian Market continues its correction in the week gone by as both Benchmark Indices Nifty and Bank Nifty future losses around 2.5% in the week. Both Nifty and Bank Nifty future respected its crucial support level of 10100 and 24700 throughout the week but by the end of Friday closing both indices closed below its crucial support level, which might turn the situation in the favor of bears.
Despite fall in international crude oil prices and marginal recovery in Indian Rupee against US dollar, we have seen correction in the market.
China Industrial Growth has been slow for fifth consecutive month as orders wane and rise in the cost of raw material and Global Economic Growth may slow down as US- China trade war may dent in the demand of crude oil. With continuously sell off by FII and FPI and expectation of rise in interest rates market may remain under pressure for next week.
FII AND DII ACTIVITY
Next week 9960-9935 will act as a strong support level for Nifty future and whereas 25250 for Bank Nifty future and if both indices breaks their crucial support level then we may see Nifty future may test 9790 levels and Bank Nifty future may test 23700 level.
On the Upside 10200-10250 will be strong resistance zone which may resist Nifty future to go upside and breakout of the above the above level may push Nifty future towards 10400 levels. Whereas 24900 will be the resistance zone for Bank Nifty future and breakout of the resistance level may push Bank Nifty future towards 25350 next week.
SELL BAJAJ FINANCE FUTURE BELOW 2335 TARGET 2250-2200 WITH SL 2405