Winning Strokes: Think Different

Anant Raj, Tech Park - Panchkula, Haryana

Key equity indices settled with modest losses on first trading day of the week due to negative Asian stocks. Key barometers remained in negative zone for majority of the day's trading session. The Sensex settled below the psychological 35,000 level after sliding below that level in early trade.

The Sensex fell 60.73 points or 0.17% to settle at 34,950.92. The index rose 111.76 points, or 0.32% at the day's high of 35,123.41. The index fell 200.05 points, or 0.57% at the day's low of 34,811.60.

The Nifty 50 index fell 24.80 points or 0.24% to settle at 10,528.20. The index rose 5.80 points, or 0.05% at the day's high of 10,558.80. The index fell 76 points, or 0.72% at the day's low of 10,477.

The S&P BSE Mid-Cap index fell 0.47%. The S&P BSE Small-Cap index fell 0.28%.

The market breadth, indicating the overall health of the market, was negative. On the BSE, 1290 shares rose and 1308 shares fell. A total of 194 shares were unchanged.

State Bank of India jumped 3.45%. The bank's net profit fell 40.26% to Rs 944.87 crore on 1.80% increase in total income to Rs 66,607.98 crore in Q2 September 2018 over Q2 September 2017. The result was announced at the fag end of trading session today, 5 November 2018.

Cipla lost 7.33% after consolidated net profit fell 15.64% to Rs 366.91 crore on 1.01% decline in net sales to Rs 3947.93 crore in Q2 September 2018 over Q2 September 2017. The result was announced during trading hours today, 5 November 2018.

Umang Vohra, MD and Global CEO, Cipla, said that the company had a modest quarter but maintained a strong performance in its private market segment across geographies. Cipla's limited competition assets in the US are ramping up to drive quarter-on-quarter growth. The company also recently announced the approval of Metoprolol, another limited competition asset. As the firm enters the second half of this fiscal, multiple headwinds are likely to impact its reported performance. Having said that, the company is focusing on positioning its businesses for long term growth.

On the macro front, October data pointed to a stronger improvement in India's service sector, with an accelerated upturn in new work underpinning quicker rises in activity and jobs. Cost inflationary pressures eased, resulting in a softer increase in selling prices. Meanwhile, business sentiment remained positive, but was hampered by political uncertainty. At 52.2 in October, the seasonally adjusted Nikkei India Services Business Activity Index posted in expansion territory for the fifth straight month. Moreover, rising from 50.9 in September, the latest figure pointed to the quickest rate of growth since July.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 73.03, compared with its close of 72.45 during the previous trading session.

In the global commodities markets, Brent for January 2018 settlement was down 3 cents at $72.80 a barrel. The contract had fallen 6 cents, or 0.08% to settle at $72.83 a barrel during the previous trading session.

#The stock of Omkar Specialty Chemicals Ltd closed at Rs.9.95 in the NSE while its sister company, Lasa Supergenerics Ltd, which is into making of Veterinary APIs hit the upper circuits and closed at 20.65. Moreover, API Division’s turnover, as on March 31, 2015, was only Rs.71 Crores, amounting to 26.8% of total turnover of OSCL. This mean the bulk of the business is still with the parent company Omkar Speciality Chemicals Ltd. This gives some indication regarding the future path of this company. 

#Discount for the Life-time offer at less than Rs.2000 per year will close on 31st December, 2018. Those who want to avail of the discount should join before the stipulated time. The price of this package is likely to increase from 1st January, 2019. Also, discount is also being shelled out for the Yearly Package for Premium Subscription and will continue till 31st December, '18.. 

#My recommended Eros International Media Ltd reached my 2nd target of Rs.97, as the scrip hit the intraday high of Rs.98.9 and closed at Rs.97.55. What to do with this scrip? 

#The scrip of Yes Bank Ltd today made an intraday high of Rs.212.35 before closing at Rs.210.10. The has already reached my 1st target and nearly touched my 2nd target of Rs.221, this week. 

#The stock of UCO Bank Ltd recommended on Facebook on last Sunday in Facebook at Rs.18.50, made a high of Rs.22 in the BSE before closing at Rs.21.05 up 14.09%. Lot of positive developments are taking place in the company and if Rs.22-23 zone is cleared on the upside we could soon see the targets of Rs.27-31.

#Today Bank Nifty closed at 25732.2 up 30.55 points or 0.12%. I still maintain a target of 27000 in the coming days.

#The scrip of Ishan Dyes & Chemicals Ltd recommended in this blog at around Rs.47, today made an intraday high of Rs.58 and closed at Rs.55.75 above my 2nd target of Rs.55. The company is a major players in the H-acid segment. How to play with this scrip?

##The stock of Den Networks Ltd (Rs.68.45) has strong support around Rs.67-67.5 ranges. The scrip was recommended on 8 August, 2018 in this blog, at around Rs.47-48.20, citing the reasons for purchase; after which it made a high of Rs.80.30  in the BSE.. It was recommended earlier, but at much lesser price. If you follow this blog, then you can make lot of money, provided you do a bit of your own research too. 

#A Buy was initiated in the shares of Triveni Turbine Ltd at around Rs.111, for short term targets of Rs.117-135. SL: Rs.96 on last Friday.. The scrip made an intraday high of Rs.115.35, before  closing at Rs.113. The board of Triveni Turbine on Thursday approved a proposal for buyback at ₹150 a share for an aggregate amount not exceeding ₹100 crore, it said in a release to the exchanges. The buyback will be on proportionate basis and the resultant equity shares to be bought back with the maximum price is 66.66 lakh shares. The board of directors also noted the intention of the promoters to participate in the proposed buyback.

#A Buy was initiated in the scrip of Anant Raj Ltd at around Rs.37.5-38, for short term targets of Rs.45/52/56. SL: Rs.32. Anant Raj Group is one of the leading Construction and Infrastructure Developers in North India. The Anant Raj Group established in 1969, has to its credit landmark projects created through 4 decades of trust and experience. The company has a good land bank in the NCR region.

The entire land bank was acquired at a very low price and it is fully paid. Again, this land bank is within 50 KM of Delhi area. The company has portfolio of real estate assets which are spread in balanced manner.  There are land plots as also ready to lease commercial plots. Again company also has a township project named Anant Raj Estate. In addition, there are hotel plots also. This diversified balanced portfolio provides company the rental income, which generates cash flows, while other part of the real estate provides capital appreciation. If you have money, then buy and keep holding. I can assure you 100% returns from this price or the CMP; if the market (Nifty) continues to stay above 10450. The Face Value of the scrip is Rs.2 and not Rs.10.

#Nifty closed flat today at 10524 as expected. I had mentioned in Twitter on last Sunday that Nifty is likely to move sideways for some time before taking the route to touch 10700; while the action would be shifted in the small and mid cap space.

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