Blog

Moving closer to expanding your financial acumen

Profound judgement

Weekly Report on 04.12.2017

In the wake of continuous offloading of shares by institutional funds, market sold off significantly last week & the broader market index Nifty closed below its 50 Day Moving Average. More importantly, we are seeing a lower top on daily chart of the index and...

Weelky Report on 27.11.2017

As conveyed in this column previous week, the hammer formation got further credence as Nifty rose each of the five trading sessions this week. The uptrends are therefore continuing in all timeframes but 10400 is serving as a strong support area which if taken out will...

Morning Calls

Cipla gets US FDA Nod For HIV Drug, Abacavir Sulfate Tablet. Cox & Kings: Cox & Kings-owned Meininger Hotels and Peter Simmel signed an agreement for a hotel in Dresden. The 165 rooms and 639 beds hotel is scheduled to open in the second quarter of 2021....

Morning Calls

Info Edge India: Zomato completed acquisition of on demand logistics and delivery company “Runnr”. Arrow Greentech receives patent for manufacturing water soluble film carrier. SIS India (YoY): Revenue up 35.7 % at Rs 1,460 cr.Net profit up 318.4 % at Rs 59 cr. EBITDA...

Morning Calls

Dabur cut prices of shampoos, home care products by 9 percent for existing stock. BGR Infra and NCC win contract relating to Min development and operation of Talaipalli Coal block. SAIL and ArcelorMittal to sign pact for auto-grade steel plant https. Yes Bank raises...

Morning Calls

The government has given infrastructure status to logistics sector, covering cold chain and warehousing facilities, a move that is likely to attract more funding at competitive rates for these segments. NBCC awards Rs 524 crore order to Simplex Infra for construction...

Weekly Report on 20.11.2017

Nifty this week took support from its 50 Day Moving Average and formed a Hammer on weekly chart. The Hammer is a bullish reversal kind of pattern, provided, prices stay above Friday’s close. In any case, if Nifty continues above 10340 sometimes early next week, the...

Morning Calls

Bans the use of petcoke in the states of Rajasthan, Uttar Pradesh and Haryana. L&T Construction Bags Order To Build Mumbai Trans Harbour Link, Order Valued At Rs 8,650 Cr. Govt. hikes import duty on edible oils effective 17 Nov. AstraZeneca Pharma India:...

Morning Calls

Rating agency Moody’s upgrades India’s govt bond rating to Baa2 from Baa3 Changed the outlook on the rating to stable from positive Says continued progress on economic and institutional reforms will, over time, enhance India’s high growth potential....

Morning Calls

Religare Enterprises to be on focus, as company’s management change and net loss narrow from first quarter reflect on share price. CRISIL to buy entire stake in Pragmatix Services for Rs 56 crore. RBL Bank acquired additional 2.08 percent stake in Swadhaar Finserve,...

Morning Calls

Indiabulls Housing Finance sells 10% stake in OakNorth Bank for Rs 770 cr to GIC Singapore. HOEC is the first out of the 31 Cos that signed contracts for fields won in the March auction, to have submitted a field development plan. Dr Reddy’s Laboratories launches...

Morning Calls

Bharti Airtel plans to raise $400 million (Rs 2,617.2 crore) by selling 3.5 per cent in listed tower unit Bharti Infratel. Simplex Infra bags Rs 1,080 crore Mumbai metro job. Havells India Signs a pact with South Korea’s Hyundai Electric for supply of low and medium...

Weelky Report on 13.11.2017

We saw a protracted weakness in the past few trading sessions & Nifty finally closed 1.25% lower on weekly basis. However, given the primary bull market that we are in, there is no structural change in the technical evidences as yet and we continue to look for...

Morning Calls

Mcleod Russel to enter 50:50 stake joint venture with Greendale India for development of packaged tea business. AXIS BANK To raise Rs 11,626 Cr in a share & warrants sale to Bain Capital, Capital International & LIC Bain & Capital’s will bring in...

Morning Calls

NTPC: Commissioned 50MW wind project in Gujarat. SAIL: The government on Thursday said it has asked state owned SAIL and the world’s largest steelmaker ArcelorMittal to expedite setting up of their proposed joint venture for a Rs 5,000-crore auto-grade steel...

Morning Calls

Pricol: JV with Hong Kong based-Zorg industries. Indian Hotes: Tata sons raises stake in Indian Hotels by 1.78% to 29.79%. Jet Airways offers up to 30 percent discount on international flight fares till Nov.14. Bombay Dyeing: Revenue up 42.68%. Net profit at 53 cr Vs...

Morning Calls

Three Pillars will sell 19.99 crore shares of #Bharti Airtel in a price range between Rs 473 and Rs 490 per share. India has initiated an anti-dumping probe into imports of a certain kind of paper from Indonesia, Thailand and Singapore. Adlabs to sell Novotel Imagica...

Morning Calls

Government going ahead with the merger of its two trading firms #MMTC and #STCINDIA Reliance Communications inked pact with Veecon Media & TV to sell Reliance Big TV’s DTH operations across India. Tata Chemicals Announces sales of its Phosphatic Fertilizers...

Morning Calls

M&M to consider issuance of bonus shares on Nov. 10. CCI approves Singapore’s GIC’s plan to acquire 33 percent stake in DLF Cyber City Developers for Rs 8,900 cr. Torrent Pharma acquires the Indian formulations business of Unichem Laboratories for Rs 3,600 cr....

Weekly Report on 06.11.2017

Its yet another life-high closing for Nifty last week. The liquidity driven rally is continuing unabated & the market breadth continues to remain very healthy. Trends in all timeframes are upward & immediate support on daily chart is seen only at 10335...

Morning Calls

North America class 8 truck sales up 167%% At 35,700 Units (YoY) and up 62% (MoM). Hindalco subsidiary Novelis reported record strong results. Dr. Reddy’s launched Azacitidine injection in the Canadian market. Himadri Speciality Chemical approved capacity expansion of...

Morning Calls

DIVIS LABS: US FDA says to lift import alert and close out warning letter for co’s unit 2 at Visakhapatanam. NBCC gets Rs 400 cr contract to reconstruct building in Mumbai. Kolte-Patil in talks with global investors to set up Rs500-crore real estate platform....

Morning Calls

India has jumped 30 spots to number 100 in the latest Ease of Doing Business report for 2018 released by the World Bank. Bharti Airtel to mull sale of controlling stake in Bharti Infratel. Syndicate Bank NII up by 6.8% PAT up by 27% Provisions down 33% GNPA 9.39% Vs...

Morning Calls

IDFC-Shriram merger called off on differences over swap ratio. State Bank of India to lend $357 million to solar projects. JSW Energy to be on focus. IOC gets green nod for Rs 273cr KSPL augmentation project. Zen Technologies got Rs 224 crore order from Indian...



New User?Register Now
×

Research Disclaimer

Proficient Equities Pvt. Ltd. is engaged in services of retail broking and shares research data and reports periodically with clients, investors, stakeholders and general public in compliance with SEBI Act, 1992, SEBI (Research Analysts) Regulations, 2014 and/or any other applicable directives, instructions or guidelines issued by the Regulators from time to time.

Proficient Equities Pvt. Ltd. (hereinafter referred to as “Proficient”) is a registered Member of NSE Limited, BSE Limited, MSEI Limited and its associate is member of MCX and NCDEX stock Exchange. It is also registered as a Depository Participant with CDSL.

Our research report is for your general information only and reproducing, re-circulating, publishing it in any media,website, in partial form or as a whole, without the express consent of Proficient Equities Pvt. Ltd. is prohibited. The
report is meant solely for use by the original recipient to whom it is sent. It does not take into account the particular investment objectives, financial situations, or needs of individual clients. The recommendations, if any, made herein are expression of views and/or opinions and should not be deemed or construed to be neither advice/offer for the purpose of purchase or sale of any securities mentioned herein. Investor should rely on information/data arising out of their own investigations. Investors are advised to seek independent professional advice and arrive at an informed trading/investment decision before executing any trades or making any investments.

Proficient or its associates including its relatives/analyst do not hold any financial interest/beneficial ownership of more than 1% in the company covered by Analyst. Proficient or its associates/ relatives neither has been debarred/suspended by SEBI or any other regulatory authority/exchange for accessing/ dealing in securities Market nor have any material conflict of interest. Proficient or its associates/ analyst have neither received any compensation from the company covered by Analyst during the past twelve months nor any subject company have been a client of Proficient during the past twelve months. Proficient or its associates has not received any compensation or other benefits from the company covered by analyst or third party in connection with the research report. The Analyst has not served as an officer, director or employee of company covered by Analyst and Proficient has not been engaged in market making activity of the company covered by Analyst.

The views expressed are based solely on information available publicly available/internal data/ other reliable sources believed to be true.Proficient does not represent/ provide any warranty express or implied to the accuracy, contents or views expressed herein and investors are advised to independently evaluate the market conditions/risks involved before making any investment decision.

SEBI Research Analyst Reg. No. INH 300002498
Proficient Equities Pvt. Ltd.
×