Monday, August 20, 2018

Market Mantra
Stocks extended gains and hit fresh intraday high in morning trade. At 10:18 IST, the barometer index, the S&P BSE Sensex, was up 303.13 points or 0.8% at 38,251.01. The Nifty 50 index was up 71.85 points or 0.63% at 11,542.60. The Sensex and the Nifty, both, scaled fresh record high. Capital goods stocks edged higher. Positive Asian stocks boosted sentiment on domestic bourses.

Domestic stocks drifted higher in early trade, with the Sensex and the Nifty, both, scaling record high.

The S&P BSE Mid-Cap index was up 0.68%, outperforming the Sensex. The S&P BSE Small-Cap index was up 0.39%, underperforming the Sensex.

The market breadth, indicating the overall health of the market, was strong. On the BSE, 1331 shares rose and 729 shares fell. A total of 121 shares were unchanged.

Overseas, Asian stocks rose following a higher finish on Wall Street last Friday as investors awaited developments on proposed US-China trade talks, while keeping a wary eye on the Chinese yuan and Turkish lira. US stocks rose on Friday on strength in technology hardware shares and optimism for a resolution in America's trade dispute with China.

Back home, capital goods stocks edged higher. GE T&D India (up 1.12%), ABB India (up 0.59%), Bharat Heavy Electricals (Bhel) (up 1.22%), BEML (up 0.27%), Bharat Electronics (up 0.47%), Punj Lloyd (up 0.35%) and Siemens (up 0.31%) gained. Thermax (down 0.05%) fell.

Larsen & Toubro (L&T) gained 5.93% after the company announced that its board will meet on 23 August 2018, to consider a proposal for buyback of equity shares of the company. The announcement was made on Saturday, 18 August 2018.

CG Power and Industrial Solutions (CG) rose 1.26% after the company entered into a strategic alliance agreement with TENAGA Switchgear Sdn. Bhd., Malaysia (TSG) to leverage each company's unique strengths and assets to expand market reach and enhance customer base in Southeast Asia-Pacific (SEAP), particularly Malaysia. The alliance further cements the existing strong bond between CG and TSG where CG is already a key partner to Tenaga Switchgear on power transformers and circuit breakers.

The agreement between the companies includes product development and promotion of 11 kV Gas Insulated Switchgear (GIS) in Malaysia to address the rapidly growing demand in this region. As per the agreement, both the companies will collaborate in the Malaysian market. The announcement was made after market hours on 17 August 2018.

Mangalore Chemicals & Fertilizers jumped 9.76% after the company announced that, Ministry of Environment, Forest and Climate Change (MoEF&CC), Government of India, vide its letter dated 14 August 2018, has accorded the Environmental Clearance (EC) to the project for expansion cum modernisation of a fertilizer plant. The announcement was made after market hours on 17 August 2018.

#Today's morning call Nitesh Estate Ltd (Rs.7.80) at Rs.7.90 moved to Rs.8.10, during the intraday. Founded in 2004, the Bangaluru based Nitesh Estates Ltd has predominantly been a residential player, apart from having presence in commercial offices, hospitality and retail assets. It may be recalled that Nitesh Pune Mall, a subsidiary of Nitesh Estates, had intimated to the stock exchanges on 25 October, 2017 regrading its discussion with certain investors for raising capital of over Rs.350 crore.
In another development, there were media reports that almost all the big developers such as DLF, Prestige, Brigade, Phoenix Mills, L&T, Nitesh Estates and a host of regional and local developers are building malls. An n estimated 7.8 million square feet of mall space is expected to come up this year, the highest ever supply since 2011, according to property consultancy JLL. This is 40 per cent more compared to last year. The next three years -- 2018 to 2020 -- are expected to see around 20 million sq ft of space hitting the market, JLL said. Experts said the booming retail sector and evolving shopping scenario in Tier II and Tier III cities were driving the new supply.
This Bangaluru based Real Estate company is likely to get positive effects due to buoyancy in the IT sector, following the depreciation of the INR. If you have the capacity to hold the scrip for 3-6 months, I mean till January,, '19, the scrip could give good returns. 

#The stock of Mandhana Industries Ltd (Rs.4.85) today moved to Rs.5.15 in the NSE. After such spectacular quarterly results, I am sure the scrip will slowly move towards the next target of Rs.9.7. The export oriented Textile and IT stocks are likely to outperform the market, in the coming days. Another thing: Someone in Bollywood told me that Mandhana Industries Ltd (Rs.4.85) is actually an Alvira Khan Agnihotri Venture.. Can anyone confirm?
It's rise began after Salman Khan’s second innings started with the success of Wanted in 2009. The success of the movie translated into the success of the apparel brand.
The brand, which is present in 15 countries, is now increasing its footprint. Venturing now into USA, United Kingdom, Far East and Sri Lanka, Being Human is more of Khan’s swag on the shelves than being just another clothing brand. It was first launched in France and later ventured into Middle East, Nepal, Mauritius, Nepal and Fiji. The brand already has a global footprint of 500 point of sales in more than 15 countries.
“Alongside other countries we are also debuting in Canada at Holts wherein we will showcasing our collection through a pop up at Holts-Canada’s leading departmental store. Our goal has always been to be a global brand,” said Manish Mandhana, CEO, the Mandhana Retail Ventures.

#The scrip of TV Vision Ltd as expected and as mentioned to the Premium Members have tested its support at Rs.5.6-5.7 ranges and is now up today at Rs.6, up 5.26% in the NSE. The intraday high for the share is Rs.6.10. 

#The share of Sri Adhikari Brothers Television Network Ltd has tested its immediate supports mentioned to the Premium Members on Whatsapp and is now at the Upper Circuits at Rs.7.75, up 9.93%. It made an intraday low of Rs.7.05, just a tad above its support. To get such suggested on your Whatsapp, Join the Premium Information Services soon. Now highly discounted Life Time Offer (30 years) is going on, which you can subscribe. 

Tata Steel Ltd was given a buy yesterday at around Rs.580.15 to the Premium Members. The stock today made a high of Rs.598.7 and is now trading at Rs.597.40. Those who have already taken short term positions for targets of Rs.625-675, should hold with a SL at Rs.591.

#The share of Den Networks Ltd today made an intraday high of Rs.56.45 and is now trading at Rs.55.60 What are Traders and Long term investors, suggested to do with the scrip? To know, you need to trade through my associated brokerage house: BMA Wealth Creators Ltd (www.bmawc.com) with a minimum portfolio size of Rs.2 lakhs or Join the Premium Information Service. You will get constant updates on your Whatsapp apart from director calls to my cell number. 
I reiterate the word of caution once again: In these kinds of markets when even the experts and veteran traders find difficult to make money on a consistent basis, it would be near SUICIDAL for the NOVICES to try on their own. Remember, you are competing with the bests of the Financial World who have been in this space for more than 2-3 decades.. Hence beating these professionals on a regular basis to eke out profits from the Share Market is not that easy. I believe, Indian Stock Markets dotted by FPIs and Mutual Fund Gurus, has now become a place ONLY for highly professional traders and investors -- there is no chance for amateurs...in fact they have been weeded out long back.

#I have recommended a Large Cap Counter to the Premium Members yesterday night at around Rs.72-73, whose name will be disclosed tomorrow in this blog after 10 am in the morning. The said scrip is more like a Fixed Deposit investment, with returns 2-3 times more than those instruments....The CMP of the scrip is Rs.74.5, after it made an intraday high of Rs.75.40 in the NSE. The short term targets were also given to Premium Members on their Whatsapp. To know the name in advance, your should join the Special Information Group.

~~with inputs from Capital Market - Live News...
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