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Wednesday, July 26, 2017

Buy Muthoot Fin, Tata Steel, Ashok Leyland, Union Bk; sell Torrent Power: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Muthoot Finance, Tata Steel, Ashok Leyland and Union Bank of India and can sell Torrent Power.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Muthoot Finance is a buying opportunity. It has moved in a very attractive trading range and is giving sense of an imminent breakout from that range."

"Tata Steel is a short-term buy. It had two narrow range days. Narrow range days normally resolve on the upside in an uptrending stock and in an uptrending environment. So just take whatever comes your way and get out. Tata Steel is not a long-term bet at all."

"Ashok Leyland is a buying opportunity. This stock has done well, consolidated and it is breaking out," he said.

"Union Bank of India is a part of a public sector undertaking (PSU) bank. It still has attractive price patterns. So there is a momentum trade on that side."

"Torrent Power is a short sell. It was a short sell earlier also. The stock is falling day-after-day and also consider it as hedge against all the buying that we are doing," he added.
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Tuesday, July 25, 2017

Indian ADRs: Wipro, HDFC Bank up; Tata Motors, Dr Reddy's down

Indian ADRs ended mixed on Monday. ICICI Bank was down 0.03 percent and Infosys added 0.14 percent.

Indian ADRs ended mixed on Monday. In the IT space, Infosys added 0.14 percent at USD 15.52 and Wipro gained 0.31 percent at USD 5.75.

In the banking space, ICICI Bank was down 0.03 percent at USD 9.27 and HDFC Bank rose 0.47 percent at USD 92.01.

In the other sectors, Tata Motors shed 0.46 percent at USD 35.44 and Dr Reddy's Laboratories slipped 0.28 percent at USD 42.23.
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Monday, July 24, 2017

3 hot stock picks from Anand Rathi Share and Stock Brokers

HBL Power Systems, Emami, Sonata Software are on the radar of Anand Rathi Share and Stock Brokers

Anand Rathi Share and Stock Brokers recommends the following stocks:

HBL Power Systems

CMP   Rs 51

Target   Rs 68


One of the three largest battery manufacturers in India. The company’s first product was aircraft batteries and now has extended into new businesses like Railway electronics, Defence electronics, Power electronics and other engineered products.

Battery Segment (90 percent of revenue) grew at a CAGR of 5.5percent in last five years whereas its electronics segment grew at a CAGR of 12.7percent in last five years. FY17 the company has reported sales growth of 17.4percent net margins improved marginally to 2.1percent

The company envisages to grow businesses in Railways, Solar, E-Mobility and defence products. It has also initiated a plant to manufacture prismatic Lithium Ion cells and batteries

We expect HBPS to grow at a CAGR of around 16percent in next two years.At CMP the stock is trading at 14.4xtimes FY18E earnings and 10xtimes FY19E earnings. We initiate our coverage on the stock with a BUY rating and a target price of Rs. 68 per share.

Emami

CMP  Rs 1,105

Target   Rs 1,400


Management was optimistic of delivering mid-teen organic growth driven by slew of product launches, a favourable base and higher brand spends (ad-spends to rise ~100bps yoy).

Along with several launches and brand extensions in the offing, and a new brand campaign would aid robust growth. FREE NSE STOCK TIPS

Price hikes, a better mix (Kesh King) and relatively softer input prices should aid in sustaining the margins.

Going ahead, Emami  remains key beneficiary of recovery in rural demand (rural contributes ~50percent to revenue). Maintain ‘BUY’.

Sonata Software

CMP Rs 162

Target  Rs 220


 Primarily IT service-centred (32 percent of revenue, 75 percent of EBITDA) focuses on three key verticals: OPD (29 percent of revenue), travel/tourism (27 percent) and retail & distribution (26 percent).

Sonata’s key differentiator is a laser-sharp focus on RoE (averaging 35percent in the last 3 years) and cash generation (paying 44percent of profits).

With only ~2percent of its US population on an H1-B visa, Sonata has limited exposure to such a visa program.Therefore, any changes in these regulations would not expand or shrink the company’s margin

With no pricing pressure due to high digital exposure, Sonata expects margins to hold, supported by greater offshoring, including digital projects

Sonata (consolidated) would grow 14percent over FY17-19 and IT services would bring 30 percent to revenue in FY19 (FY17e: 32 percent, FY16: 36 percent). We expect a 7.5 percent EBITDA margin in FY19 vs. 7.6 percent in FY17

It expects its domestic business to enjoy a steady margin (3percent+) steady RoE(30 percent, FY17 was 27 percent on investing in cloud) with limited investments.

Our 12x target PE takes into account the proportions of both businesses. We initiate coverage, with a Buy target price of Rs 220

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol are their own and not that of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
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Friday, July 21, 2017

Nifty to open gap up by 8 points at 9894: Dynamic Levels

Nifty to open gap up by 8 points at 9894 against yesterday’s close of 9886 as per SGX Nifty, says Dynamic Levels.

Market is expected to remain bullish, metal & auto sector in focus

Indian Market Outlook:

The benchmark Index Nifty yesterday opened at 9920 and made a high of 9922.50. The Index closed at 9873 after making a low of 9863. Bank Nifty made fresh all time high of 24300 yesterday and closed at 24213. The Index opened at 24153 and did not made new low.

Small Cap Index yesterday made all time high of 7735 and closed at 7712. The Index opened at 7690 did not made new low.

Nifty to open gap up by 8 points at 9894 against yesterday’s close of 9886 as per SGX Nifty.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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