Intraday Range: 16900-17200
Short Term Range: 16700-17400
Intraday Range: 38200-39000
Short Term Range: 37800-39000
Major draggers: All Sectors excluding IT.
Stocks to watch: #ASIANPAINT & #INFY
A probable dark horse: #SHANTIGEAR
ViX was mad yesterday & it can continue to be mad for a while. Global markets are reacting to USD rise and other Geo Political news. Indian Market is reacting as well but still under very much control. Market has broken & closed below 17200, which would now act as a resistance followed by 17400. On downside, 16800 is a rock solid support below which 16650/16600 looks highly likely. I'd start buying from 16700 levels. Slowly that fear mindset is building amongst investors and that's where one can add Blue Chips to their PF.
Position sizing recommended: Medium
Should we be cautious? : Yes.
Area of averaging PF? : 16700
Equity And Option Trader
*Shanthi Gears Ltd.*
Q2FY22 Result Quarterly Announced for Shanthi Gears Ltd.
The Company continues to focus on 4 key priorities of Revenue growth, Profitability, ROIC and Free Cash Flow (FCF).
Revenue of Rs 71.8 Crores in the quarter with a 34% growth over Q2 of previous year.
The Profit before tax for the quarter was at Rs 11.3 Crores as against Rs 8.2 Crores in Q2 of previous year.
Focus on cost optimisation and lower capital employed enabled to sustain the Return on Invested Capital (ROIC) to 25% during Q2.
During the quarter the Company booked orders for Rs 89 Crores (against Rs 76 Crores for corresponding quarter of the previous year). Pending orderbook as on 30th September 2021 was Rs 260 Crores against Rs 187 Crores in the previous year.
#SHANTIGEAR now at 172-173. watch for more uptrend from here
Neeraj Puri Goswami
SHORT TERM INVESTMENT CALL DATE - 27/08/2020
BUY SHANTHI GEARS LTD
CMP - 105 ADD MORE TILL 95
STOP LOSS - 90
TARGET - 109 117 134 154 ++
# INVESTMENT PICKS - 5 TO 7 % OF YOUR CAPITAL
FOR ANY QUERY CALL MESSAGE ANY TIME
Tube Investments reports standalone Q1 PAT at Rs 134.32 cr
The engineering business reported revenues during the quarter ending June 30, 2022 at Rs 1,244 crore as compared to Rs 815 crore registered in same period last year.Revenues from the metal formed products was at Rs 335 crore during the April-June 30,2022 period as against Rs 245 crore registered in the corresponding period year ago.
Breakout in Shanthi Gears... for NSE:SHANTIGEAR by MandeepSinghKohli
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.