Winning Strokes: Think Different
 |
| Photo:Green Summit |
Domestic stocks reversed intraday gains soon after a gap-up opening pushed the Sensex and the Nifty to record high. Stocks once again regained positive zone in morning trade. A divergent trend was witnessed in mid-morning trade as the Sensex was trading with small losses while the Nifty was trading with small gains. Key benchmark indices were trading a tad below the flat line in early afternoon trade. Stocks thereafter hovered in a small range near the flat line with bouts of rise and fall.
The Sensex rose 7 points or 0.02% to settle at 38,285.75, its record closing high. The index hit high of 38,402.96 in intraday trade, its record high. The index hit low of 38,213.87 in intraday trade.
The Nifty 50 index rose 19.15 points or 0.17% to settle at 11,570.90, its record closing high. The index hit high of 11,581.75 in intraday trade, its record high. The index hit low of 11,539.60 in intraday trade.
The S&P BSE Mid-Cap index rose 0.52%. The S&P BSE Small-Cap index rose 0.34%. Both these indices outperformed the Sensex.
The market breadth, indicating the overall health of the market, was negative. On the BSE, 1338 shares rose and 1386 shares fell. A total of 169 shares were unchanged.
Coal India (up 2.59%), Axis Bank (up 1.92%), NTPC (up 1.7%), Sun Pharmaceutical Industries (up 1.69%) and Reliance Industries (up 0.94%) edged higher from the Sensex pack.
Tata Steel (down 2.86%), Hindustan Unilever (down 1.3%) and Vedanta (down 1.17%) edged lower from the Sensex pack.
Pharma stocks gained. Cadila Healthcare (up 2.57%), Cipla (up 1.08%), Dr Reddy's Laboratories (up 1.35%), Glenmark Pharmaceuticals (up 4.36%), Sun Pharmaceutical Industries (up 1.69%), Aurobindo Pharma (up 0.42%) and Wockhardt (up 0.81%) rose. Alkem Laboratories (down 1.3%) and GlaxoSmithKline Pharmaceuticals (down 0.73%) fell.
NR Agarwal Industries fell 2.24% after the company said that the operations of the company's Unit - I located at Vapi, Dist. Valsad shall be temporarily shut down for a period of 15 days with effect from 27 August 2018 for the purpose of annual maintenance and technological upgradation. The announcement was made after market hours yesterday, 20 August 2018.
Overseas, Asian and European shares rose on optimism over trade talks between the United States and China. Immediate focus was on the lower-level trade talks due to start this week between the United States and China. However, this week will also see the imposition of 25% tariffs on $16 billion worth of Chinese imports, an action by the Trump administration that China has said it would retaliate against.
US stocks closed higher for a third session Monday as a pair of billion-dollar deals reaffirmed confidence that the US economy continues its steady expansion. Meanwhile, the minutes from the Federal Reserve's most recent meeting will be released later in the global day today, which could provide insight into the central bank's thinking in terms of policy changes.
#Accumulation is going on in the stock of Mandhana Industries Ltd (Rs.4.85) around Rs.4.65-5.10 levels. Mandhana Industries reported a lower net loss of Rs.4.61 crore in the quarter ended June 2018 as against net loss of Rs.76.33 crore during the previous quarter ended June 2017. Sales however declined by 22.57% to Rs.66.93 crore in the quarter ended June 2018 as against Rs.86.44 crore during the previous quarter ended June. In 2016, Mandhana Industries Ltd and The Salman Khan Foundation terminated the brand license agreement and entered into a global trademark license agreement up until 31 March 2020. Under the licensing agreement, Mandhana Industries Ltd is entitled to design, manufacture, retail and distribute the products (Men’s and Women’s wear) under the trademark brand Being Human.
Fortunes of the clothing line has tracked the rise, and sometimes the fall, of the Bollywood superstar.
The 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 stock could anytime start hitting the UCs, stay invested. You need to have patience in these kinds of scrips.
Fortunes of the clothing line has tracked the rise, and sometimes the fall, of the Bollywood superstar.
The 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 stock could anytime start hitting the UCs, stay invested. You need to have patience in these kinds of scrips.
The shares of TV Vision Ltd and Sri Adhikari Brothers Network Ltd today as expected hit their respective UCs at Rs.6.4 and Rs.8.10 respectively. The company has last month placed a new revival package with the lenders, which the latter is scrutinizing. This has created a fresh optimism in the counters. Targets remain the same but please do keep Stop Losses.
The scrip of Bangaluru based Nitesh Estates Ltd today closed flat at Rs.7.80, after touching an intraday high of Rs.8. The share has three embedded themes: (i) Retail Story with Shopping Mall (ii) The buoyancy in the IT sector due to the depreciation in the INR (iii) Real Estate Story.
If you want to enter this counter, then kindly have a minimum time frame of 3-6 months, I mean till January, 2019. The target and SL remains the same.
The stock of Kwality Ltd hit another buyer freeze at Rs.25.60 in the NSE, today. The share has more doubled from the recommended price of Rs.12.50, in a little over one month. How will the stock expected to behave in the short term?
The scrip of Bangaluru based Nitesh Estates Ltd today closed flat at Rs.7.80, after touching an intraday high of Rs.8. The share has three embedded themes: (i) Retail Story with Shopping Mall (ii) The buoyancy in the IT sector due to the depreciation in the INR (iii) Real Estate Story.
If you want to enter this counter, then kindly have a minimum time frame of 3-6 months, I mean till January, 2019. The target and SL remains the same.
The stock of Kwality Ltd hit another buyer freeze at Rs.25.60 in the NSE, today. The share has more doubled from the recommended price of Rs.12.50, in a little over one month. How will the stock expected to behave in the short term?
The stock of Tata Steel Ltd today moved to Rs.602.45 before closing at Rs.582.15. Hope most of you booked profit and exited at the SL of Rs.591 provided yesterday on this blog. You can again accumulate after the scrip price stabilizes around Rs.586-587 ranges.
#For medium to long term investments like your FDs, you can look at the scrip of BHEL at the CMP of around Rs.75.50. The medium to long term targets could be Rs.130-141. The stock was recommended to the Premium Group members on last Sunday at around Rs.73-74.
Bharat Heavy Electricals Limited (BHEL), one of the largest Engineering and manufacturing enterprises in India, has a significant presence in the fields of Power Generation, Transmission, Transportation, Industry, Oil & Gas and Renewable energy sources. The Electronics Division of BHEL, located in Bangalore, is a pioneer in Power plant Automation, Power Electronics, Solar Photovoltaic cells & modules and has state-of-the-art facilities for manufacturing these systems.
BHEL specializes in providing Concept to Commissioning solutions for MW size Solar PV Plant which include site surveys, preparation of feasibility reports for deployment of PV systems, Design, Supply, Installation and Commissioning of the plants as well as After Sales Service.
Bharat Heavy Electricals Limited (BHEL), one of the largest Engineering and manufacturing enterprises in India, has a significant presence in the fields of Power Generation, Transmission, Transportation, Industry, Oil & Gas and Renewable energy sources. The Electronics Division of BHEL, located in Bangalore, is a pioneer in Power plant Automation, Power Electronics, Solar Photovoltaic cells & modules and has state-of-the-art facilities for manufacturing these systems.
BHEL specializes in providing Concept to Commissioning solutions for MW size Solar PV Plant which include site surveys, preparation of feasibility reports for deployment of PV systems, Design, Supply, Installation and Commissioning of the plants as well as After Sales Service.
~~with inputs from Capital Market - Live News...
No comments:
Post a Comment