Trade Spotlight: What should you do with Persistent Systems, AIA Engineering, SAIL on Friday?
SAIL was up 1.5 percent at Rs 92.1, the highest closing level since May 5, 2022 and formed decent bullish candle on the daily charts with higher high higher low formation for second consecutive session. It has given a nice breakout of 'Mother Candle' formed on January 2 in previous session and maintained uptrend for yet another session, with strong volumes.
Capital goods and engineering earnings preview: Execution to pick up, margins to stabilise in Q3
While valuation comfort, robust balance sheets, and strong order inflows determined stock-specific rerating till now, the way forward will move on easing inflation concerns, cooling commodity prices, and peak-out in interest rates being in sight
Buy AIA Engineering; target of Rs 3240: ICICI Direct
ICICI Direct is bullish on AIA Engineering recommended buy rating on the stock with a target price of Rs 3240 in its research report dated November 15, 2022.
ICICI Direct handpicks ITC, SBI and 3 others stocks after Q2 results
“Over FY22-24E, Nifty earnings are seen growing at 14.9% CAGR. Keeping the same PE multiple, we now value Nifty at 20,000 i.e. 21x PE on FY24E EPS of Rs 950. On the forward earnings front, the BFSI space witnessed healthy earnings upgrades (led by corporate banks) while marginal upgrades were witnessed in the FMCG, IT & oil & gas space,” ICICI Direct said.
Ahead of Market: 10 things that will decide D-Street action on Tuesday
Rupak De, Senior Technical Analyst at LKP Securities, said, “Nifty remained sideways during the session as it failed to give any directional breakout. On the daily chart, the index has sustained above the 50 EMA (17,619), which confirms the positive trend. The momentum indicator is in positive crossover and rising.
#AIAENG has given the second highest closing in weekly charts 📊— company declared the results recently—- company caters to infra sectors and stock has a potential to cross all time highs— bulls will come back if stock corrects in near future— chart is weekly pattern— do your ow......read more
Corporate Radar: Power Grid to go ex-dividend; Arfin India stock split & more
Shares of Arfin India will trade ex-split in the ratio of 1:10. The companys shares will be sub-divided from a face value of Rs 10 to Re 1. Also, shares of Compuage Solutions will go ex-rights for the rights issue of eight shares for every 25 shares held offered at the rate of Rs 20 per share.
Q2 results this week: Aarti Industries, Abbott India and more
Aarti Industries, Abbott India, Agarwal Industrial Corporation, AIA Engineering, GE Power, Apollo Tyres, Balkrishna Industries, Bharat Forge, CESC, Dish TV, Eros International, FDC, Future Lifestyle, GMR Airports, Grasim Industries, Hinduja Global, JM Financial, Khaitan, Kaveri Seed, Marksans Pharma, MMTC and DCX Systems among others will be announcing results.
Do Chennai Petroleum & MRPL make better bet than RIL, HPCL or BPCL now?
“The way the windfall tax part is playing out, is not good and Reliance may not really benefit as much from this as some of the standalone refineries. Anyway the midcap sector and stocks are in far more momentum and it would be good to participate in these names rather than the other OMCs,” says Hemag Jani.
Higher GRMs to benefit midcap stocks more than RIL, HPCL or BPCL: Hemang Jani
“The way the windfall tax part is playing out, is not good and Reliance may not really benefit as much from this as some of the standalone refineries. Anyway the midcap sector and stocks are in far more momentum and it would be good to participate in these names rather than the other OMCs.”
Corporate Radar: Vinati Organics to turn ex-dividend, GAIL bonus issue and more
Nagarjuna Fertilizers and Chemicals, Worldwide Aluminium, Jayant Infratech and Arambhan Hospitality Services are among the companies that will announce their quarterly earnings today.Dangee Dums will go ex-bonus today in the ratio of 1:2 while Escorp Asset Management will go ex-bonus in the ratio of 2:3. Also, GAIL will go ex-bonus today in the ratio of 1:2.
Corporate Radar: AIA Engineering, EIL to turn ex-dividend; AGMs and more
Friday is the record date for dividends by Vedant Fashions (Rs 5 per share), Bengal & Assam Company (Rs 15 per share), Genus Power Infrastructures (Re 0.25 per share), Benares Hotels (Rs 10 per share), JK Agri Genetics (Rs 1.5 per share) and Lambodhara Textiles (Rs 1.5 per share) among others. The stocks went ex-dividend on Tuesday.
Buy AIA Engineering: target of Rs 3010: ICICI Direct
ICICI Direct is bullish on AIA Engineering has recommended buy rating on the stock with a target price of Rs 3010 in its research report dated August 10, 2022.
Ahead of Market: 10 things that will decide D-St action on Thursday
Wall Street's main indexes rose more than 1% on Wednesday after data showing a slower-than-expected rise in inflation in July prompted traders to cut their bets on a third straight 75-basis-point interest rate hike in September.
Corporate Radar: ABB India, MRF Q1 results; United Spirits, Hero MotoCorp AGMs, and more
United Spirits, Hero MotoCorp, EID Parry (India), Paushak and Unichem Laboratories will have their annual general meetings (AGM) today.The board of eClerx Services will meet today to consider a bonus issue while the board of JBM Auto and Capacit'e Infraprojects will meet today to consider a preferential issue.
Ahead of Market: 10 things that will decide D-Street action on Wednesday
Ajit Mishra, VP - Research, Religare Broking, said the recent bounce in laggards like IT and metal has further eased the pressure. "We maintain our positive yet cautious stance and prefer sectors like auto, FMCG and banking for long opportunities."
Ahead of Market: 10 things that will decide D-St action on Tuesday
“The market is now showing signs of witnessing a decisive upside breakout of the important resistance of 15,900 levels in the next 1-2 sessions. A sustainable upmove above 15,900-15,950 is expected to pull the Nifty towards the next resistance of 16,300 in the short term. Immediate support is placed at 15,750,” he said
Overweight on auto; wary about corporate capex driven banks: Nilesh Shetty
“We do not have a lot of commodities but whatever we had, we trimmed a significant portion of their weights primarily on valuations because in cyclical upturns, their valuations have started trading at premium valuations compared to their historical bands. We have trimmed that and we are waiting patiently. ”
7 capital goods and auto stock picks from Pankaj Pandey
“In the auto sector, Ashok Leyland, Automotive Axles and AIA Engineering are looking good while in the capital goods space, both SKF and Timken are looking good. Then there are companies like Thermax, Siemens which we also like.”
Big Movers on D-St: What should investors do with Adani Power, AIA Engineering and InfoEdge?
Sectorally, selling pressure was seen in power, utilities, banks, oil & gas, and finance stocks while some buying was seen in realty, metals, and consumer discretionary counters.Stocks that were in focus included Adani Power which fell by about 5 per cent
Trade Spotlight | What should you do with Info Edge, Piramal Enterprises, AIA Engineering on Wednesday?
Traders with existing position should continue to ride the trend in AIA Engineering while any declines in the stock towards the supports should be used as a buying opportunity.
Ahead of Market: 12 things that will decide D-Street action on Friday
Nifty50 saw strong buying from its support of 15,900, as it ended up forming a Hammer candle on the daily chart, which is a bullish reversal candle. Analysts said such a formation would have a bullish connotation, provided the index attracts a follow-through buying in the next session.