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Weekly Report as on 24.09.2018
Nifty (CMP: 11142) Last week witnessed an extreme volatility where Nifty briefly breached 10900 marks on Friday, but salvaged some of its lost ground towards closing and managed to close above 11100! An important observation lies in the fact that the index is now...
Weekly Report as on 17.09.2018
Nifty (CMP: 11515) Last week saw a phase of increased volatility in Nifty where it briefly closed at a new 6-week low followed by some pull back towards the closing of the week. The index is still trading above major moving averages like 50, 100 & 200 day...
Weekly Report as on 10.09.2018
Nifty (CMP: 11589) Last week saw a phase of increased volatility in Nifty where it closed at a new 2-week low followed by some pull back towards the closing of the week. The index is still trading above major moving averages like 50, 100 & 200 day denominations...
Weekly Report as on 27.08.2018
Nifty (CMP: 11557) Last week saw another bull charge & Nifty managed to close at another life high! In spite of a possible threat of interest rate hike in US, Nifty is continuously trading above major moving averages like 50, 100 & 200 day denominations,...
Weekly Report as on 21.08.2018
Nifty (CMP: 11551) Monday saw a gap down opening but finally Nifty managed to close at another life high! In spite of a possible threat of interest rate hike in US, Nifty is continuously trading above major moving averages like 50, 100 & 200 day denominations,...
Weekly Report as on 13.08.2018
Nifty (CMP: 11429) Last week saw Nifty to close at another life high although much of the rise was surrendered towards closing of the week! The index is quite obviously trading above major moving averages like 50, 100 & 200 day denominations but prices are...
Weekly Report as on 06.08.2018
Nifty (CMP: 11360) Last week saw Nifty to close at another life high! Prices may be overbought, or running ahead of their fundamentals, but we are trend-followers & we trade in the direction of the trend. The index is quite obviously trading above major moving...
Weekly Report as on 30.07.2018
Nifty (CMP: 11278) Last week saw a phase of increased volatility in Nifty where it closed at a new life high! The index is quite obviously trading above major moving averages like 50, 100 & 200 day denominations & it puts the odd in favor of continuation of...
HDFC Asset Management Company Limited IPO Opening 25 July to 27 July, 2018
Incorporated in 1999, Mumbai based HDFC Asset Management Company (HDFC AMC) Limited is well-known fund house engaged in providing savings and investment products. It is a joint venture between Housing Development Finance Corporation Limited (HDFC) and Standard Life...
Weekly Report as on 23.07.2018
Nifty (CMP: 11010) Last week saw a phase of reduced volatility in Nifty where it kept within previous week’s range. However, in spite of these, Nifty is still trading above major moving averages like 50, 100 & 200 day denominations & it puts the odd in favor...
Weekly Report as on 09.07.2018
Nifty (CMP: 10772) Last week saw a quiet choppiness in Nifty where it stayed within previous week’s range but it closed significantly away from its low. However, in spite of these, Nifty is still trading above major moving averages like 50, 100 & 200 day...
Weekly Report as on 02.07.2018
Nifty (CMP: 10821) Last week saw a volatile phase in Nifty where previous week’s low was taken out but it closed off its low, although the closing was 107 points lower than previous week. However, on a monthly basis, Nifty saw a minor loss of 21 points or 0.20%. And...
Weekly Report as on 25.06.2018
Nifty (CMP: 10821) Last week saw a volatile phase in Nifty where previous week’s low was taken out but it closed off its low and almost unchanged on weekly basis. However in spite of that Nifty is still trading above all major moving averages like 50, 100 & 200...
Fine Organics IPO-Invest through Proficient | Opening 20 Jun to 22 Jun, 2018
Business description – Fine Organics is the largest manufacturer of oleochemical-based additives in India and a strong player globally in this industry. The company produces a wide range of specialty plant derived oleochemicals-based additives used in the food,...
Rites Limited IPO-Invest through Proficient | Opening 20 Jun to 22 Jun, 2018
Business description – Rites Limited is a wholly owned Government Company, a Miniratna (Category – I) Schedule ‘A’ Public Sector Enterprise and a leading player in the transport consultancy and engineering sector in India and the only company having diversified...
Weekly Report as on 18.06.2018
Nifty (CMP: 10817) Last week saw a volatile phase in Nifty where previous week’s high was taken out but it closed off its high. However in spite of that we got a closing 40 points higher and combined with the fact that Nifty is still trading above all major moving...
Weekly Report as on 11.06.2018
Nifty (CMP: 10767) Last week saw a volatile period in Nifty where both previous week’s high & low were briefly taken out but it did not put up any continued movement in either direction. But in spite of that we got a closing above previous week’s high and that,...
Weekly Report as on 04.06.2018
Nifty (CMP: 10696) Last week saw a consolidation phase in Nifty which remained in a quiet choppy period but gained 91 points on weekly basis. Nifty is still trading above all major moving averages like 50, 100 & 200 day denominations & it puts the odd in...
Weekly Report as on 28.05.2018
Nifty (CMP: 10605) Last week saw a failed attempt on part of Nifty to violate 10400 downward but it consequently recovered all losses and in fact closed 9 points higher on weekly basis. Nifty is now trading above all major moving averages like 50, 100 & 200 day...
Weekly Report as on 21.05.2018
Nifty (CMP: 10596) The last week saw a failed attempt on part of the Nifty to register fresh high. The index consequently clocked lower closing 4 days in a row. Notwithstanding the bearish engulfing pattern on weekly chart, chances are high that an intermediate top...
Weekly Report as on 14-05-2018
Nifty (CMP: 10806) After a brief pull back, Nifty resumed its intermediate uptrend previous week & closed at nearly 3 month high. However, for the intermediate uptrend to survive, Nifty now must not close below 10618 regions which happen to be the low of the past...
Proficient Analysis & views for May 11.
PC Jeweller board approves buyback of 1.2 Cr. shares not exceeding Rs 424 Cr. at a price of Rs 350 each. CMP Rs. 207. Pennar Industries receives multiple orders worth Rs 492 Cr.. Titan Co (Q4, YoY): Net sales up 11.7 % at Rs 3916 Cr. Ebitda up 67 % at Rs 454 Cr....
Proficient Analysis & views for May 10.
Chinese e-vehicles giant BYD could set up unit in Hyderabad. Welspun Enterprises emerges as L1 for road project in Tamil Nadu at Bid price of Rs 1,837 crore. Star Cement alongwith its subsidiaries received Rs 200.05 crore towards subsidies claim from the Central...
Proficient Analysis & views for May 09.
Trump Says He’ll Exit Iran Nuclear Deal and Reinstate Sanctions. Crude oil price will go up. Oil Exploration Company will be biggest beneficiary. Focus on #HINDOILEXP #VEDL. Positive for basmati rice exporter like #KRBL # DAAWAT Negative for #Paint #Aviation...
Proficient Analysis & views for May 08.
Veto Switchgears receives order worth Rs 25 crore for “Vyoma” range of Modular switches. Pfizer (Q4, YoY): Revenue up 19 % at Rs 520 crore. Net profit up 42.5 % at Rs 152.5 crore. EBITDA up 46 % at Rs 138 crore. Margin at 26.5 % versus 21.6 %. JK Agri Genetics (Q4,...
Weekly Report as on 07-05-2018
Nifty (CMP: 10618) After 5 weeks of consecutive rise, Nifty falls for the 1st week but still continues to maintain above all the major moving averages, which is a significant sign of strength. However, for the intermediate uptrend to survive, Nifty now must not close...
Proficient Analysis & views for May 07.
Tyre companies raise prices up to 3 % on back of rising input costs. Focus on Tyre stocks #JKTYRE #CEATLTD Bodal Chemicals to acquire land at PCPIR, Dahej from GIDC for future expansion and new projects Blackstone buys Indiabulls asset in Tamil Nadu for Rs 900 crore....
Proficient Analysis & views for May 04.
Tata Motors to sell its defense and aerospace portfolio to Tata Advanced Systems Limited (TASL) to unlock their full potential. J Kumar Infraprojects wins order worth Rs 445 crore for Pune metro. Bharti Airtel planning to raise $1.5 bn by diluting about 1-4th/25% of...
Proficient Analysis & views for May 03.
Sical Logistics wins LoA worth 1345 Cr by Northern Coalfields. Lemon Tree Opened new hotel in Srinagar Presently operate 4,907 rooms in 49 hotels across 31 cities Plan to operate 78 hotels with 8,152 rooms, across 54 cities by FY 2021. Techno Electric Agreement signed...