Best Equity Tips – SRT Finance Report By Market Magnify

SHRIRAM TRANSPORT FINANCE COMPANY LTD

Company is a part of the “SHRIRAM” conglomerate which has significant presence in financial services viz., commercial vehicle financing business, consumer finance, life and general insurance, stock broking, chit funds and distribution of financial products such as life and general insurance products and units of mutual funds. » Read more

Best Stock Advisory Company In Indore : Monthly Nifty Report

NIFTY FUTURE

FUNDAMENTAL OUTLOOK

Nifty future continue to remain under pressure after expiry of November month contracts as investors is waiting for some sight of relief from RBI monetary policy. We hardly saw any relevant buying interest in F&O segment. During this period, FIIs formed good amount of short positions in index and stock futures along with decent longs in index put options.

The first week of December has been one of the biggest weekly fall for our markets in the current calendar year. During the week, there were two occasions when US bourses clocked immense single day gains; but, quite surprisingly, our markets shrugged of these optimistic cues and remained under pressure on the following days. Eventually, the Nifty went on to close almost at the lowest point of the week. » Read more

Daily Equity Report As on 6-Dec.-2017

MARKET HIGHLIGHTS

Nifty ended 10044.10 DOWN 74.15 and Sensex 32597.18 DOWN 205.26 points.

Inflation worries weigh on RBI as a no-action policy looks to check rising prices.

India’s November gold imports nearly halve on higher prices: GFMS.

GAIL hires a drones to secure gas pipelines.

NMDC may ink MoU with Vietnam’s Masan for tungsten mine stake.

Suven gets product patents from Eurasia, Norway.

Reliance Infrastructure wins Rs 5,000-cr contracts for projects in Bangladesh. » Read more

Daily Equity Report By Market Magnify

MARKET HIGHLIGHTS

Nifty ended at 10399.55 UP 9.85 and Sensex at 33724.44 UP 45.20 points.

India’s gold imports to jump to over 700 tonnes in FY18: GJEPC.

Goldman Sachs sees significant pick-up in growth for India; 2018 GDP just under 8%.

Essar concludes sale of Aegis to Capital Square Partners for $300 million.

UTI Capital mops up over Rs 480 crore via alternative invest fund.

Ashok Leyland, Hino ink pact to develop BS-VI engines.

ONGC officers seek PM intervention to stall Oil Min move.

NIFTY DAILY

NIFTY DAILY

BANK NIFTY DAILY

BANK NIFTY DAILY

MARKET PERFORMANCE

NIFTY GAINERS                                                                                               

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
NTPC 185.95 180.30 5.65 3.13
AXISBANK 559.70 545.50 14.20 2.60
ZEEL 575.35 564.15 11.20 1.99
ONGC 184.05 181.00 3.05 1.69
INFRATEL 385.95 380.80 5.15 1.35

NIFTY LOSERS          

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
HINDPETRO 423.70 430.30 -6.60 -1.53
INFY 996.55 1009.55 -13.00 -1.29
ADANIPORTS 399.60 404.60 -5.00 -1.24
BAJFINANCE 1772.00 1790.00 -18.00 -1.01
TATAMOTORS 421.65 425.50 -3.85 -0.90

FII TRADING ACTIVITY (NSE & BSE) In Crores

CATEGORY DATE BUY VALUE SELL VALUE NET VALUE
FII/FPI 27-NOV-17 4087.75 4512.52 -424.77

DII TRADING ACTIVITY (NSE & BSE) In Crores  

CATEGORY DATE BUY VALUE SELL VALUE NET VALUE
DII 27-NOV-17 2902.5 2833.1 69.4

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GROWTH AND SCOPE OF GEMS AND JEWELLERY INDUSTRY IN INDIA

INTRODUCTION OF GEMS AND JEWELLERY SECTOR-

  • India’s gems and jewellery sector has been contributing around 13-15 per cent over past five years to India’s total exports and employs over 4.64 million employees.
  • India is the largest manufacturer of cut and polished diamonds in the world and exports 93 per cent of its production.
  • India is one of the largest exporters of gems and jewellery and the industry is considered to play a vital role in the Indian economy and also major contributor to the total foreign reserves of the country
  • India exports 75 per cent of the world’s polished diamonds.
  • Today, 12 out of 14 diamonds sold in the world are either polished or cut in India
  • India’s gems and jewellery sector is one of the largest in the world contributing 29 per cent to the global jewellery consumption
  • The overall net exports of gems and jewellery stood at US$ 35.59 billion during FY2016-17 registering a growth of 9.07 per cent over FY 2015-16.
  • India’s gems and jewellery imports increased at a compound annual growth rate (CAGR) of 7.84%
  • The Government of India has permitted 100 per cent FDI under the automatic route in this sector.
  • US, Hong Kong and UAE imported 75 per cent of the total gems and jewellery exports from India during FY 2016-17.
  • India’s exports 93 per cent of its cut and polished diamonds produced.

INDUSTRY GROWTH & EXPECTATION

  • Companies are indulging in expansion to more and more cities as well as expanding across the value chain.
  • Retailers in India have started selling their jewellery online. The growth of online jewellery is driven by increasing internet penetration rates, growth in high net worth individuals’ population and availability of low online jewellery prices.
  • Majority of the players in the Indian market have started selling jewellery online; for example Malabar Gold, Tanishq, Tribhovandas Bhimji Zaveri, PC Jeweller, etc
  • Companies are also giving buy back option to customers on jewellery within certain days after the purchase and based on certain terms and conditions.
  • Companies have also started providing financial facility to their customers who cannot afford to pay the whole amount at once.
  • The increasing middle class population symbolises an increase in income of the population; and income is a major driver of demand for gold and jewellery in India.
  • As income rises, so does savings and Indians prefer buying gold with their savings as they consider gold as an important form of investment.
  • In 2016, India’s gold demand stood at 666.1 tonnes; and 298.4 tonnes between January-June 2017.

MARKET KEY PLAYERS

jewllwers

MAJOR INVESTMENTS AND DEVELOPMENTS

  • Cumulative Foreign Direct Investment (FDI) in diamond and gold ornaments in India FY08-17 rose at a compound annual growth rate (CAGR) of 21.43 per cent.
  • Cumulative FDI between April 2000-June 2017 in the sector rose from US$ 167.54 million as of March 2008 to 961.62 million as of June 2017.
  • The International Institute of Diamond Grading and Research (IIDGR) have invested US$ 5 million for expanding its synthetic diamond testing facility in Surat.
  • The Indian Commodity Exchange (ICEX), backed by the Anil Ambani Group has launched the first ever futures contract for diamonds in the world, to create many new opportunities for diamond players.
  • Jewelers companies have been consciously altering their product offerings in favor of high-margin studded and wedding jewellery variants.
  • The removal of gem and jewellery from the ambit of the Prevention of Money Laundering Act has come as a big relief for the sector which is reeling under the twin impact of demonetisation and GST. Following the move, jewellers need not verify the identity of their clients by a KYC process for every transaction of 50,000 or more made through a single or multiple transactions.

GOVERNMENT INITIATIVES

  • A jewellery park worth Rs 50 crore (US$ 7.8 million) is to be set up in Mumbai by the Government of India where local handmade workers and factories will be relocated to develop their trade, improve their work environment and standard of living.
  • The Government of India launched the Sovereign Gold Bond Scheme. This scheme enables the Reserve Bank of India (RBI) to issue gold bonds denominated in grams of gold individuals in consultation with Ministry of Finance.
  • The Government of India has approved the setting up of four common facility centres (CFCs) in Ahmedabad, Amreli, Visanagar and Palanpur at a total cost of INR 16.15 crore (US$ 2.52 million); of which the CFCs at Palanpur and Visanagar have already been inaugurated
  • These CFCs are expected to provide access to a common pool of state-of-the-art machinery and equipment at a cheaper rate to small and medium diamond manufacturers; and it will also be used for transfer of technology and r e-skilling and training of existing artisans.
  • A total of 200 small and medium manufacturers will receive access to the CFCs.
  • Mr Arun Jaitley, Minister of Finance, Government of India, launched the Gold Monetisation Scheme in November 2015. This scheme enables individuals, trusts and mutual funds to deposit gold with banks and earn interest on the same in return.
  • The designated banks accept gold deposits under the Short Term (1-3 Years) Bank Deposit as well as Medium (5-7 years) and long (12-15 years) Term Government Deposit Schemes.

ROAD MAP AHEAD

Gems and Jewellery sector (in particular, top big companies ; as there is entry level barrier  for new companies in the sector and the trust of people they enjoy ) is full of opportunities in the coming years as demand in India for gold will never end and as middle class population income increases. As income rises, so does saving and Indians prefer to buy gold with their saving as they consider gold as an auspicious and important part of investment.

Also, during festivals like Diwali and Dhanteras as well as during weddings and other significant celebrations, people in India tend to spend a considerable amount of money in gems and jewellery especially in gold, all of which are expected to drive demand of gold in the future.

OUR RECOMMENDATION ON STOCKS

 BUY PC JEWELLER ABOVE 386 TARGET 420-460  WITH STOP LOSS OF 350.

BUY TBZ ABOVE 145 TARGET 165-190 WITH STOP LOSS OF 128.

BUY GITANJALI GEMS ABOVE 99 TARGET 115-140 WITH STOP LOSS OF 80.

BUY RAJESH EXPORTS ABOVE 770 TARGET 810-860 WITH SL 730.

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WEEKLY EQUITY REPORT

MARKET 0UTLOOK

The market was BULLISH during the week. The Sensex was UP 336.44 points while the Nifty was UP 1.03 % during the week. Nifty was in the range of 10261-10405

The benchmark S&P 500 and the blue-chip Dow Jones industrials posted weekly gains for the first time in three weeks while the Nasdaq Composite posted its best weekly performance since the week to September 1. The S&P 500 and Nasdaq closed around highs on Friday, with the S&P ending above 2,600 points for the first time. The S&P 500 gained 0.2 percent to 2,602.42, finishing the holiday-shortened session above 2,600 for the first time. The Nasdaq Composite Index rose 0.3 per cent to 6,889.16, its third straight closing high, while the Dow Jones Industrial Average advanced 0.1 per cent to 23,557.99. The S&P 500 and NASDAQ finished at fresh records on Friday as the start of the holiday shopping season boosted Amazon and several other retailers. Retail experts are generally upbeat about this year’s holiday shopping performance amid low unemployment and lofty stock valuations. Amazon jumped 2.6 percent as it announced a bevy of deals ahead of the “Cyber Monday” shopping day. The S&P retail index rose 0.75 percent and hit a record intraday high, led by Amazon’s 2.6 percent gain. The energy index and the materials index were boosted by rising commodities prices. US oil prices jumped to a more than two-year high as North American markets tightened on the partial closure of a key pipeline linking Canada and the United States.

For the week, the Sensex was UP 336.44 points while the Nifty was UP 1.03 % during the week.

NEWS AFFECTING INDIAN MARKETS

Reform pace has been good, but have seen some teething problems: S&P Ratings Services

Centre to auction up to 21 GW solar, wind capacity by March 2018

NBFCs’ to have 19% pie of overall loan market by FY20: Report

Apparel exports in Rajasthan down 30% in October

MARKET PERFORMANCE

NIFTY GAINERS

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
AUROPHARMA 717.00 694.40 22.60 3.25
GAIL 471.50 462.90 8.60 1.86
INFRATEL 381.00 374.60 6.40 1.71
INFY 1008.00 991.25 16.75 1.69
INDUSINDBK 1670.05 1643.35 26.70 1.62

  NIFTY LOSERS

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
HINDALCO 251.40 255.25 -3.85 -1.51
VEDL 306.00 308.80 -2.80 -0.91
SBIN 332.10 334.95 -2.85 -0.85
ICICIBANK 316.85 319.45 -2.60 -0.81
UPL 744.00 749.20 -5.20 -0.69

 NSE WEEKLY GAINERS         

COMPANY NAME DAY’S CLOSING PRICE (RS.) PREV.CLOSE 5 DAYS AGO (RS.) 5 DAYS RETURN (%)
N K Industries L 70.05 34.30 35.75 104.23
Jai Corp Ltd. 189.65 118.45 71.20 60.11
Zandu Realty 2032.05 1345.95 686.10 50.98
Praj Industries 117.10 81.30 35.80 44.03
Nagreeka Export 54.65 38.45 16.20 42.13

WEEKLY CHARTS

S&P NIFTY WEEKLY

S&P NIFTY WEEKLY

BANK NIFTY WEEKLY

BANK NIFTY WEEKLY

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Daily Equity Report As on 23rd Nov

MARKET HIGHLIGHTS

Nifty ended at 10348.75 UP 6.45 and Sensex at 33588.08 UP 26.53 points
Govt may offer nearly 50% of travel agencies’ mktg budget as fixed contribution
India cotton exports to drop as pink bollworms eat crop
HDFC Bank to develop 1,000 villages under CSR by FY’19
Bharti group to pledge Rs 7000 crore to philanthropy
V-Guard eyes Rs 300 cr revenue from inverters by March 2018
Zydus Cadila gets USFDA nod to sell erectile dysfunction drug
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.(%)
INFY 991.15 966.30 24.85 2.57
RELIANCE 949.70 930.75 18.95 2.04
SUNPHARMA 546.00 535.25 10.75 2.01
YESBANK 315.40 309.75 5.65 1.82
EICHERMOT 30650.00 30178.20 471.80 1.56
NIFTY LOSERS      
COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
DRREDDY 2309.00 2360.65 -51.65 -2.19
ADANIPORTS 406.50 414.50 -8.00 -1.93
IBULHSGFIN 1159.00 1178.60 -19.60 -1.66
BAJAJ-AUTO 3271.00 3313.20 -42.20 -1.27
ASIANPAINT 1160.70 1174.30 -13.60 -1.16

NSE MOST ACTIVE SCRIPTS 

COMPANY NAME LAST PRICE PREVCLOSE CHANGE % VALUE(RS.IN LAKH NO.OF SHARE
RELIANCE 949.70 930.75 2.04 68918.70 73,29,126
INFY 991.15 966.30 2.57 58562.56 59,47,309
AXISBANK 544.50 540.50 0.74 57840.75 1,07,24,159
HDFCLIFE 375.50 395.20 -4.98 46738.11 1,23,00,150
SBIN 335.95 335.30 0.19 44603.69 1,33,38,423

NSE STATS        

ADVANCES 21
DECLINES 29
UNCHANGED 00

FII TRADING ACTIVITY (NSE & BSE) In Crores

CATEGORY DATE BUY VALUE SELL VALUE NET VALUE
FII/FPI 23-NOV-17 4395.98 4322.76 73.22

DII TRADING ACTIVITY (NSE & BSE) In Crores

CATEGORY DATE BUY VALUE SELL VALUE NET VALUE
DII 23-NOV-17 3101.46 2879.25 222.21

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DAILY EQUITY REPORT UPDATE

MARKET HIGHLIGHTS

Nifty ended at 10326.90 UP 28.15 and Sensex at 33478.35 UP 118.45 points.

India’s food processing sector may attract $33 bn by 2024: Report.

Divestment likely to cross Budget target after 7 years.

Looking to post sales growth of 12% in FY18: Cochin Shipyard.

Target 25-30% revenue growth over long-term: Mirc Electronics.

Yes Bank raises $400 m loans from Japan, Taiwan.

Maruti Suzuki cuts capex guidance for the fiscal year to Rs 4000 crore.

NIFTY DAILY

NIFTY DAILY

BANK NIFTY DAILY

BANK NIFTY DAILY 21

MARKET PERFORMANCE

NIFTY GAINERS                                                                                               

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
DRREDDY 2397.25 2274.45 122.80 5.40
SUNPHARMA 538.80 517.15 21.65 4.19
TECHM 495.00 476.80 18.20 3.82
UPL 755.00 728.90 26.10 3.58
BHARTIARTL 503.90 492.65 11.25 2.28

NIFTY LOSERS          

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
IBULHSGFIN 1172.00 1199.50 -27.50 -2.29
COALINDIA 273.20 278.35 -5.15 -1.85
ITC 255.50 259.20 -3.70 -1.43
POWERGRID 206.00 208.80 -2.80 -1.34
TCS 2670.25 2703.45 -33.20 -1.23

NSE STATS                 

ADVANCES 29
DECLINES 20
UNCHANGED 01

FII TRADING ACTIVITY (NSE & BSE) In Crores

CATEGORY DATE BUY VALUE SELL VALUE NET VALUE
FII/FPI 21-NOV-17 5995.72 6722.73 -727.01

 DII TRADING ACTIVITY (NSE & BSE) In Crores  

CATEGORY DATE BUY VALUE SELL VALUE NET VALUE
DII 21-NOV-17 4073.23 3247.73 825.5