Weekly Report as on 05.02.2018

As the market nosedived post budget & the street witnessed a bloodbath, the most important decision we have to make right now is whether the intermediate uptrend is still effective. Well, the index prices are still above their 50 day moving averages & the...

Morning Calls

Novelis posts strong third quarter with its full year EBITDA at the higher end of its forecast. #HINDALCO in focus. Also has result today. Gammon Infra-led consortium received EPC order worth Rs 577 crore from NHAI. Ashok Leyland Q3 (YoY): Revenue up 57.5 % at Rs...

Morning Calls

Amazon, Berkshire Hathaway and JPMorgan Team Up to Try to Disrupt Health Care. Bad news for #Pharma Sector. Dilip Buildcon Declared Lowest Bidder For NHAI EPC Project Worth Rs 565 Cr In Maharashtra. Prataap Snacks Q3 (YoY): Revenue up 6 % to Rs 265 Cr. Net profit up...

Morning Calls

Ester Industries signs long term agreement with Shaw Industries (subsidiary of Berkshire Hathaway); order size at Rs 90 Cr per year. Reliance Infra wins EPC contract worth Rs 882 crore for road project. SpiceJet announces 20 new non-stop flights on local routes....

Weekly Report as on 29.01.2018

The index is continuing its dream run & closed higher for 8th week in a row. However, the market breadth has turned extremely bearish & the index is quite evidently being pushed by a handful of big names like Infy, ICICI Bank, VEDL or Tata Steel etc. As a...

Morning Calls

Commerce Minister Suresh Prabhu says plan to double marine products exports set for release in 3 months & Inland fishery is a priority area with aim to create a system for all 13 coastal states to work for aquaculture development. Bharat Forge sets up unit in...