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Morning Calls

MCX to launch Gold Options from today. Heralding a new era in Commodity trading Will help deepen the market. Xl group to acquire a 20 percent minority stake in Mahindra insurance brokers, a subsidiary of M&M Finance. V2 Retail to allot 20 lakh shares to India...

Weekly Report on 16.10.2017

Nifty gave its highest ever daily & weekly closing previous Friday. The series of higher bottoms are quite evident on the adjoined weekly chart, asserting the primary uptrend. On the downside we notice the first short term support at 9980 regions, followed be...

Morning Calls

639 shares of Indusind for every 1000 of Bharat Financial held. Deal done. Implying 1571 price of Indusind  at CMP of Bharat Fin of 1004. Hindalco weighing bid to acquire Aleris Corp of US. Titagarh Wagons wins order worth $9 million for the supply of modular bridges...

Morning Calls

Tata and Bharti Airtel to combine consumer telecom business in cash-free, debt-free deal. Shriram EPC: Wins Rs 349 crore of multiple orders. Piramal Enterprises approves QIP to Raise Up To Rs 5000 Cr. Tata Consultancy Services posted good quarterly result: Revenue up...

Morning Calls

Cabinet clears pact with Japan for setting up flexible LNG market Sun Pharma: Dadra unit gets EIR from US FDA. Indiabulls Real Estate to buy out 45 percent residual stake of Indiabulls Properties Investment Trust and delist the company. Jet Airways to buy 75 aircraft...

Morning Calls

Bharti Infratel: KKR-led Consortium of funds in talks to buy Indus Towers & Co for $11 bn PSP Projects bags order worth Rs 1575 crore from Surat Diamond bourses. Sical Logistics approves buying MMTC’s 26 percent stake in unit Sical Iron Ore. Gujarat Borosil...

Morning Calls

The Centre on Monday imposed anti-dumping duty on imports of certain steel wire rods from China for five years. Infosys fixes November 1 as record date for Rs 13,000 crore buyback. CEAT buys 163 acres in Chennai for radial tyre plant. LUPIN Gets Final USFDA Approval...

Weekly Report on 09.10.2017

The market staged a spectacular recovery this week but is not out of the woods just as yet. Yes, it closed above previous week’s high of 9960 regions, in fact Nifty future closed past 10000 mark, but the 61.8% Fibonacci retracement levels (of the fall from 10180 to...

Morning Calls

ZEE ENT approved Acquisition Of 100% Stake In 9X Media & Subsidiaries For Rs 160 Cr. Jaiprakash Associates: Company to demerge some of its assets to a wholly owned subsidiary along with debt of Rs 11,834 crore. Arrow Greentech received Patent rights from European...

Morning Calls

IDFC & Shriram Group extend exclusivity period to November 8. Future Group has acquired HyperCity chain of hypermarkets from Shoppers StopBSE 2.54 % for Rs 655 crore. Eris Lifesciences acquires UTH Healthcare for Rs 12.85 crore. Crompton Greaves leads race to buy...

Morning Calls

Future Retail set to acquire HyperCity for Rs 700 crore. ONGC completed acquiring 30 percent participating interest in Namibia offshore blocks. VST Tillers: September Tractor Sales, Tractor sales up 33% at 1,341 units Vs 1,008 units (YoY). FPI investment limit in...

Morning Calls

North America Class 8 truck sales at 22055 units vs 13753 units, up 60% (YoY). Natco Pharma in focus as partner Mylan gets U.S. FDA nod multiple sclerosis drug Copaxone. Ahluwalia Contracts bagged construction and re-development orders worth Rs 555.77 crore. Greaves...

Weekly Report on 03.10.2017

Nifty declined 175 points or 1.76% this week. During the week it made a low at 9687 regions, barely honoring the August low. The intermediate trend will turn down only upon violation of this low. On the other hand, a closing above 9960 will revive the primary uptrend...

Morning Calls

Aviation turbine fuel prices hiked for the month of October by 5-6 percent. #Aviation stock in focus. Jet Airways in talks with Air France-KLM for joint venture (La Tribune). Bombardier Inc has finalized a deal to sell up to 50 Q400 planes to India’s SpiceJet...

Morning Calls

GAIL: PNGRB floats consultation paper for “Integrated Authorization for Unified/Pooled Tariff” mechanism. HCC in focus: The joint lenders forum of Lavasa Corp, a subsidiary of HCC, has decided to invoke strategic debt restructuring Shreyas Shipping: Signed memorandum...

Morning Calls

Godrej properties will develop a residential project in Bangalore. Entered into an agreement with Manyata Developers Pvt Ltd. Apollo Tubes entered into a JV with Singapore-based One to One Holdings PTE, for manufacturing of in-line galvanized tubes GE Power India in...

Morning Calls

JSW Energy Ltd to set up country’s first electric car unit in Gujarat: to cost Rs 4000 cr. Reliance Power aims to achieve financial closure for its $1 billion LNG-fired power plant in Bangladesh by the end of 2017-18, TCS’ UK based subsidiary Diligenta secured a...

Morning Calls

India gets Rs 16,000 crore scheme to ensure ‘power for all by 2019. Focus on #RECLTD #PFC #POWERGRID #TATAPOWER ABB buys #GE business for $2.6 billion in bet it can boost margins. Brookfield Asset Management Inc. is in talks with infrastructure company Madhucon...

Weekly Report on 25.09.2017

Market last week retraced 121 points or 1.19% on weekly basis & formed what is known as a Bearish Engulfing candlestick pattern on weekly chart. The intermediate uptrend faced some serious resistance this week. We expect the short term weakness to continue for...

Morning Calls

Interest Subsidy Scheme On Housing Loans For Middle-Income Groups Extended By 15 Months. Cochin Shipyard to expand ship-building and repair facilities. Oberoi Realty to buy GSK Pharma’s Thane plot for Rs 555 cr. Deepak Fertilizer to set up an Is Propyl Alcohol...

Morning Calls

KNR CONSTRUCTIONS: JV Bags Order Worth Rs 884 Cr From Telangana Govt. Greaves Cotton tie up with MLR Auto and Continental Engines to develop engines of three wheeler. Cox and Kings owned Meininger Hotels signs agreement with a Swiss developer for the construction of a...

Morning Calls

NBCC India wins Rs 3200 cr order to develop residential-cum-office complex in Mumbai. Company to launch 1,000 flats for sale during festival season. Anil Agarwal to boost his stake in Anglo American by $2 billion. The purchase will make him Anglo American’s biggest...

Prataap Snacks IPO – Is it Unhealthy Snacks ?

Prataap Snacks was one of the top six Indian snack food companies in terms of revenues in 2016, and among the fastest growing companies in the Indian organised snack market between 2010 and 2016. We are present in three major savoury snack food categories in India and...

Morning Calls

#TRAI cuts Interconnect Usages Charge by 60% to 6 Paisa. Good news for RIL, Bad for all others. Idea- Vodafone worst hit. Tyre companies in focus. Anti dumping duty on truck &bus radial imports from China for 5 years. Double benefit to tyre companies as rubber...



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