#VOLTAS Add in your watch list,
For next Bull run
The home appliances company reported a net profit of Rs 109 crore for the first quarter ended June 30, 2022. Total revenue stood at Rs 2,768 crore in the June quarter, 6.8 percent less than the CNBC-TV8 poll estimate of Rs 2,971 crore.
The engineering conglomerate on Tuesday reported a net profit of Rs 59 crore for the first quarter ended June 30, 2022. Total revenue stood at Rs 1,654.5 crore in the June quarter, higher than the CNBC-TV8 poll estimate of Rs 1,358 crore
Deepak Nitrite Ltd
The company reported a net profit of Rs 234.6 crore, 22.5 percent down from year-ago period. Total revenue was up 34.8 percent at Rs 2,058 crore.
An undisclosed stakeholder in the food delivery company shall reportedly sell a 7.8 percent stake, or 61.2 crore shares, on Thursday. A source said the seller is likely ride-hailing company Uber, which holds a 7.8 percent stake in Zomato.
The lender has subscribed to 8,921 equity shares of Equentia SCF Technologies for Rs 55 crore.
CCI India approved the acquisition of 50.1 percent of the equity share capital of Sanmina-SCI India Private Limited (SCIPL) by Reliance Strategic Business Ventures Limited (RSBVL). Subex and the conglomerate’s subsidiary Jio Platforms have partnered for an artificial intelligence orchestration platform HyperSense.
HDFC Asset Management Company
The Securities and Exchange Board of India (SEBI) has given in-principle nod for change in control of the Mumbai-based mutual fund company.
The PSU received an order from the Ministry of Corporate Affairs (MCA) sanctioning the Scheme of Arrangement for Demerger between BEML (Demerged Company) and BEML Land Assets Limited.
The Kolkata-headquartered cigarettes-to-hotels conglomerate announced its exit from the lifestyle retailing business following a strategic review of the business portfolio.
#INDUSINDBK #RBLBANK #VOLTAS
#VOLTAS YE MONDAY KE LIYE POSITIVE DEKH RAHA HU....
Sell voltas 981
Target 🎯 964.40
Stop loss 988
#VOLTAS FUT or 1000 CE
Buy above 1000 Spot. SL below 988 DCB. Target 1010/1020/1030+
Retail inflation galloped to 7.79% in April, the fastest pace in eight years, led by a surge in food and fuel prices, raising expectations that the central bank may favour more aggressive rate hikes in June to cool prices. Inflation has now remained above the Reserve Bank of India’s upper tolerance band of 6% for the fourth consecutive month.
Vinidhan - The Student Investment Fund presents - The Weekly Wrap (15th May 2022)
Weekly Wrap_May 15.pdf - 812 KB
#TATAMOTORS #LTTS #VOLTAS #NIFTY50 #MacroEconomy
HUGE LIST OF BEARISH STOCKS FOR THE DAY, SHORT ON RISE:
AND LIST GOES ON.
Today Trade Performance 👇🏼👇🏼👇🏼
Great day after many days
#NIFTYBANK 1st entry 36000PE got 90+ points 2nd entry same strike got 150+ points 💥💥 3rd entry same strike got 350+ points 💥💥💥
#DLF 💥💥💥JACKPOT 💥💥💥from 16.5 to 28.5+ = 18000+ ✅
#VOLTAS 💥💥💥JACKPOT 💥💥💥 from 53+ to 88+ = 15000+ ✅trail sl hit around 3-5k+
#TATAMOTORS 💥Great from 14.8 to 18 = 8000+
#M_M from 30.7 to 36.7+ = 4000+
Results on May 4
Kotak Mahindra Bank, Tata Consumer Products, ABB India, Adani Green Energy, CarTrade Tech, Adani Total Gas, Equitas Small Finance Bank, Havells India, Bombay Dyeing & Manufacturing Company, Deepak Nitrite, Laxmi Organic Industries, Mahindra EPC Irrigation, Satin Creditcare Network, SIS, Oracle Financial Services Software, Rain Industries, EIH, IIFL Wealth Management, Aptech, Cigniti Technologies, and MAS Financial Services will announce quarterly earnings on May 4.
Stocks in News
Tata Steel: The company reported a consolidated net profit at Rs 9,835.12 crore in Q4FY22, up 37 percent YoY, and revenue grew by 39 percent YoY to Rs 69,323.50 crore. Tata Steel India showed a 34 percent growth YoY and Tata Steel Europe clocked a massive 53 percent growth. The firm also announced a stock split at 10:1.
RailTel Corporation of India: The state-owned telecom infrastructure provider has received a work order from Madhya Pradesh State Electronics Development Corporation. The company will act as a system integrator for the expansion of SDC and the establishment of a disaster recovery centre. The work order is worth Rs 97.64 crore.
Voltas: The home appliances company has executed the joint venture agreement with Hong Kong-based Highly International, a wholly owned subsidiary of Shanghai Highly (Group) Company. The company will do a design, manufacturing, sale and service of inverter compressors for room air-conditioners, motors for inverter compressors, and their associated parts.
Astec Life Sciences: The agrochemical active manufacturer clocked a massive 80 percent year-on-year growth in profit at Rs 43 crore driven by strong realisations in export markets and healthy volume growth in contract manufacturing. Revenue grew by 58 percent to Rs 272 crore and EBITDA increased by 82 percent to Rs 72 crore with 345 bps improvement in margin compared to the corresponding period last fiscal.
Britannia Industries: The Wadia group food company registered a 5 percent year-on-year growth in consolidated profit at Rs 378 crore for the quarter ended March 2022. Revenue from operations rose 13.4 percent to Rs 3,550.5 crore and EBITDA increased by 8.8 percent to Rs 550 crore compared to the corresponding period last fiscal. It delivered a mid-single-digit volume growth during the quarter.
Jindal Stainless: The company clocked a 156 percent year-on-year growth in Q4FY22 profit at Rs 750 crore with EBITDA rising 55 percent to Rs 842 crore and revenue climbing 68 percent to Rs 6,564 crore compared to the year-ago period. The domestic business contributed 68 percent to sales volumes, and exports' contribution stood at 32 percent in March 2022 quarter doubled from 16 percent in the same period last year.
JSW Energy: The power generation company recorded a massive 8 times year-on-year growth in consolidated profit at Rs 864.3 crore in Q4FY22, with EBITDA climbing 79 percent YoY to Rs 1,131.8 crore led by a one-time reversal of provision due to tariff true-up order of the Karcham Wangtoo plant. Revenue during the quarter increased by 55.5 percent to Rs 2,440.7 crore compared to the corresponding period last fiscal, with generation higher by 15 percent on higher long term sales.
Adani Wilmar: The packaged food FMCG company has acquired the Kohinoor brand from McCormick Switzerland GMBH for an undisclosed amount. The acquisition would give Adani Wilmar exclusive rights over the brand 'Kohinoor' basmati rice along with ‘Ready to Cook', ‘Ready to Eat' curries and meals portfolio in India. Also, it will strengthen the company's position in the basmati rice business.
Titan Company: The jewellery-to-watch major clocked a 7.2 percent year-on-year decline in standalone profit at Rs 491 crore in the quarter ended March 2022 with revenue rising 2 percent to Rs 7,276 crore during the same period amid partial lockdowns, volatility in gold prices and uncertainty in a fragile geopolitical situation. At the operating level, EBITDA dropped 1.6 percent to Rs 782 crore and margin fell by 40 bps to 10.7 percent compared to the year-ago period.
*Positional Call (29th Apr 2022)*
Stock has formed a cup and handle pattern on the hourly chart. Expect a major upside move from current levels in this stock.
Traders can grab Voltas *around 1280* for the target of 1300 and then 1320 in the few sessions. Support and *stoploss will be below 1260* on a closing basis.
The United Trading Levels
Keep eye on #VOLTAS 1320CE
Enter at CMP levels
It will triple your investment
YES PRICE INCREASE ON ALL AC MODELS
BUY VOLTAS FUT @ 1332.50_133
Keep SL 1310
Stocks in News
Yasho Industries: The specialty and fine chemicals maker has received board approval for a capital expenditure of Rs 350 crore in Phase 1 for its greenfield project at Pakhajan (Dahej), Gujarat. The company intends to manufacture lubricant additives and rubber chemicals with a total capacity of 15,500 MT per annum in phase 1 at this new facility. Post expansion, the total manufacturing capacity will increase from 11,000 MTPA to 26,500 MTPA with a revenue potential of Rs 500 crore to Rs 550 crore in Phase 1 at full capacity utilisation. The project is expected to be completed in 24 months after receiving all necessary governmental approval.
Indiabulls Housing Finance: The board on March 22 will consider raising of funds via bonds, in one or more tranches, on private placement basis.
Om Infra: The company secured two prestigious contracts from Public Health Engineering Department, Region Churu (Rajasthan).
Oil India: The firm said subsidiary Numaligarh Refinery will invest Rs 6,555 crore for implementation of petrochemical project at Numaligarh, Assam. The board also approved formation of a joint venture company between Assam Gas Company (AGCL) and Oil India (OIL) for the three geographical areas offered by Petroleum and Natural Gas Regulatory Board [PNGRB].
Glaxosmithkline Pharmaceuticals: The company has completed the transaction for sale of its trademarks pertaining to 'lodex' and 'Ostocalcium' brands in India to GlaxoSmithKline Asia Private Limited.
Voltas: The company will enter into a joint venture arrangement with Highly International (Hong Kong), a wholly-owned subsidiary of Shanghai Highly (Group) Company. With this JV, the company will engage in the business of design, development, manufacture, marketing, sale and service of inverter compressors for room air-conditioners, motors for inverter compressors, and their associated parts including sourcing of raw materials & components required for manufacturing these products.
#GLAXO #VOLTAS #OIL #IBULHSGFIN
Nirmal Bang target on VOLTAS
Broker: Nirmal Bang
Price @ Call: 1179
Motilal Oswal target on VOLTAS
Broker: Motilal Oswal
Price @ Call: 1170
Prabhudas Lilladher target on VOLTAS
Broker: Prabhudas Lilladher
Price @ Call: 1169
#VOLTAS will declare results on Feb 11, 2022
Do you have any view on the results? Let's aggregate whatever information we have from other sources for everyone's benefit.
tgt 1340 / 1400
Nirmal Bang target on VOLTAS
Broker: Nirmal Bang
Price @ Call: 1203
#DABUR #EMAMILTD #MARICO #VOLTAS
#VOLTAS BUYING RANGE 1180 TO 1210 SL 1010 TARGET 1400 & 1480
#NIFTY50 NIFTY SPOT BUYING RANGE 17700 TO 17720 SL 17420 TARGET 18100
HIgh risk gain call
Buy VOLTAS 1200ce above 11
SL 9 keep
Tar 14 - 20+++. Intra + BTST view #VOLTAS