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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence  |  sumanspeaks.blogspot.com Travel & Hospitality · Turnaround Watch Easy Trip Planners At ₹5.78: The Hotel Business Is Growing Faster Than The Old Business Is Shrinking Near its 52-week low, EaseMyTrip is quietly turning into a different company than the one that listed in 2021 — and the next few quarters will decide whether that transformation shows up in the profit line. Easy Trip Planners Ltd trades around ₹5.78, with a market capitalisation of approximately ₹2,300 crore. That is close to its 52-week low of ₹5.74. At first glance, that looks like a stock the market has simply given up on. Look closer, and a more interesting picture emerges. The balance sheet is clean. Revenue is still growing. And one part of the business — hotels and holiday packa...
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After a long hiatus I have decided to upload the blog again. In view of too much uncertainty regarding Covid - 19 epidemic and my preoccupation with other facters of life took me away from blogging.

Anyway,  the Indian bourses last week fell over 1%, primarily due to the resurgence of trade war between the US and China -- the latter vowing to retaliate the US actions and rising number of COVID-19 cases coupled by a hotch potch Rs.020 lakh crore stimulus package, which failed to cheer up the bulls. 

There is an old proverb: "Sell in May, and Go away". According to my analysis and understanding, the Indian markets are likely to witness intense selling pressure in the coming days due to a jump on Covid - 19 cases during the last few days. 

The Nifty will most likely break the supports at 9000/8700/8420. Since,  the short, medium and long term indicators are showing more inclined towards the bears, the traders can short the Nifty at around 9137 for short term downside targets of 8420, with a SL corresponding to the spot level of 9200.

Nifty Bank: 
The Banks, Especially the PSBs are likely to se  heavy selling in the coming days due to debt accumulation factor. The Bank Nifty will invariably break the support at 18440 and head towards 18000.

The Indian economy was already on a shaky wicket during the last 6 years,  under the demagogue named Narendra Modi. Now Covid - 19, will do its last rites. 
When a person having questionable educational qualifications and no experience as an MP,  became the PM of India by fluke, basically by bluffing and spewing Jumlas, this is what happens. Or this was expected from the day the Indians gave NaMo government the 2nd term to rule this great country, based on Hindu - Muslim plank. 

Meanwhile, Nippon Life and Asset Management Ltd came out with one of the worst sets Q4 numbers: 
Profit droped to Rs 11.88 Cr versus Rs.144.93 Cr, revenue at Rs.254.51 Cr versus Rs.323.94 Cr on YoY basis. The stock might test the support at 214/215.

Now, get out of all your longs, I'll tell you when to enter the markers again from the buy side. 

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