Indian markets to open up positively. Nifty may gain 9000 mark today.
All Asian indices are trading in green zone. US indices closed at all time high after President speech. US$ eases 6 paise at the opening against the ₹. Recommendations :
Buy Apollotyre at 184, sl below 182. (Positional)
Buy BATAINDIA sl below 495. (Momentum call)
Re-enter BGREnergy at 137, sl below 134. (Positional)
Buy CANBK at 296, sl below 287.(Positional)
Buy DABUR at 276, sl below 271. (Positional)
Buy DRREDDY at 2923.(Momentum)
Buy HDFC abv 1405.(Momentum)
Buy HEROMOTOCO at 3178, sl below 3117. (Positional)
Buy HINDALCO at 189, sl below 184. (Momentum / Positional)
Buy INDIGO at 870, sl below 849. (Positional)
Re-enter ITC at 269, sl below 257. (Positional)
Buy LUPIN at 1469, sl below 1441. (Momentum / Positional)
Buy MINDTREE at 471, sl below 464. (Positional)
Buy NATIONALUM at 71, sl below 67. (Positional)
Re-enter SAIL at 63.35, sl below 60. (Positional)
Buy TATAGLOBAL at 143, sl below 137. (Momentum)
Buy UNIONBANK at 148, sl below 142. (Momentum).
Sell GAIL at 511. (Momentum)
* Positional recommendations are meant to hold for a longer time for better returns.
* Momentum recommendations are meant for short term / intra-day.
* Sl (STOP LOSS) levels mentioned are the best support levels and may trails gradually depending on the stock movement.
News & Impact :
🎯February Auto Sales:
*Tata Motors* : 👍🏻
JLR North America Sales (GU)16.4% @ 9,231 Units Vs 7,921 Units (YoY)
Jaguar North America Sales (GU)130.4% At 3,484 Units Vs 1,512 Units(YoY)
Land Rover N America Sales (RD)10.4% At 5,747 Units Vs 6,417 Units (YoY).
*Eicher Motors*: VE CV Total Sales Up 9.2% At 5,499 Units Vs 5,032 Units (YoY) February Auto Sales: Hero MotoCorp: Total Sales Down 4.7% At 5.24 Lakh Units Vs 5.50 Lakh Units (YoY) Co Fully Transitioned For Producing Only BS-IV Vehicles From March 1 Volumes Are Gradually Picking Up Due To Improvement In Consumer Sentiment.
*TVS Motors* : Total Sales Down 3.6% At 2.11 Lakh Units Vs 2.19 Lakh Units (YoY) 2-wheeer Sales Down 2.3% At 2.06 Lakh Units Vs 2.11 Lakh Units (YoY) Scooter Sales Up 2.9% At 69,0202 Units Vs 67,089 Units (YoY) Exports Up 9.8% At 38,215 Units Vs 34,804 Units (YoY) 3-wheeler Sales Down 37.2% At 5,223 Units Vs 8,319 Units (YoY).
🎯Wipro Completes Sale Of EcoEnergy Division On March 1 EcoEnergy Biz Sale Impact Will Reflect In Financials of Q4.
🎯 Narayana Hruday: In Talks With Panacea Biotec For Its Gurgaon Hospital Since Oct, 2015 Due Diligence For Panacea's Gurgaon Hospital Under Progress Have Not Entered Into Binding Definitive Agmt With Panacea so far.
🎯 SAIL Says Exported 1.03 Lakh Tonnes Of Steel In February During Current FY, Co Has Already Exported 6.82 Lakh Tonnes Of Steel Aim Exporting 10% Of Production & Doubling Volumes In FY18 To Diversify Export Basket With Cold Rolled & Galvanised Products Fm Bokaro
🎯 Wockhardt: US FDA Issues Warning Letter To Morton Grove Pharmaceuticals New Approvals From Morton Grove To Be Withheld Till Resolution Current Portfolio Of Morton Grove Will Continue To Be Available In The Market Have Already Initiated Measures Since Several Mths To Address US FDA Issues. MG is Wockhardt's US arm. 👎🏻
🎯 Grasim: EGM For Voting On Co's Merger With AB Nuvo To Be Held On April 6 Voting On Co's Merger With AB Nuvo To Take Place From March 6 To April 5 CNBC-TV18 Alert: Grasim Confirms CNBC-TV18 Newsbreak On EGM, Voting Dates For Merger W/AB Nuvo.
🎯 NMDC: Hikes Lump Ore Price By `100/tonne To `2,425/tonne Hikes Fines Price By `100/tonne To `2,185/tonne
🎯 HCL Tech: RBI Grants NOC For Transfer Of Geometric's Overseas To Co RBI Grants NOC To Transfer Loans Provided By Geometric To Its Unit To Co With RBI NOC, Got All Regulatory Approval For Geometric Merger W/Co
🎯 HDFC Bk, ICICI Bk & Others To Charge `150 After 4 Free Transactions/Month HDFC Bank Caps Third-party Cash Transactions At `25,000 a day.
🎯 Glenmark & Evestra Announce Partnership Agreement For Generic NuvaRing (Routers).
🎯 Geometric Soft: RBI Gives Nod To Scheme Of Arrangement Between HCL Tech, 3DPLM Software & Co.
🎯 Trigyn Tech Wins 12-year Contract For Consulting & Tech Svcs From IT Dept Of Maryland, US.
🎯 Sun Pharma: Taro Receives US FDA Nod For Dextromethorphan Hydrobromide Syrup 9 (Used To Treat Issues Related To Cough & Cold).
🎯 Gujarat Ambuja Exports' Buy back window from 2 Mar to 16 Mar.
🎯 Tata Teleservices Circuit filter revised to 10% 👍🏻
🎯 ICRA's Opening of buy back window.
🎯 Vishal Fabrics ex date for rights issue.
🎯 Techno Electric And Engineering ex date for buyback eligibility.
🎯 Listing of DHFL NCDs
🎯 Adani Ports - ICRA assigns rating of ICRA AA+ for proposed NCDs.
🎯 Sheela Foam - CRISIL upgrades rating from CRISIL A to CRISIL A+
🎯 Prabhat Dairy Promoter acquired 42.46lk shares from open market. 👍🏻
Coal India - Provisional coal production for Feb at 54.3MT vs target of 56.81MT and offtake at 47.73MT vs target of 50.61.
🎯 Bank of India to raise NCDs worth Rs500cr with green shoe option of Rs500cr.
🎯 Tanla Solutions approved allotment of 50.63lk shares to promoters upon conversion of warrants.
🎯 NMDC fixed price of lump ore at Rs2425/- WMT and Fines at Rs2185/- WMT wef 1 March 2017.
🎯 Bartronics gets shareholder approval for transfer of Financial Inclusion unit to Swift Vitthiya.
🎯 Lupin launches Generic Temovate Clobetasol Propionate Scalp application in the US.
🎯 Shriram City Union Finance BM on 7 Mar to consider NCDs worth Rs225cr
🎯 Audit Committee Approves DLF's Execution Of Exclusivity Pact With GIC Affiliate. 👍🏻
🎯 GAIL/ PFC - PMO steps in to give Dabhol plant a new lease of life.
🎯 ICICI Bank - Carlyle, Warburg, Advent vie for Fairfax's 35% stake in ICICI Lombard.
🎯 IOC, BPCL - LPG rate hiked by steep `86/cylinder 👍🏻
🎯 SBI to relocate 1500-1600 branches.
🎯 M&M eyes 50% revenue from abroad by FY19 👍🏻
🎯 JSW Steel aim to bring Debt/EBITDA ratio to 3.75.
🎯 Telcos - 700 MHz spectrum price may be slashed 20%. 👍🏻
🎯 PNB plans to sell 1800 cr worth bad loans.
🎯 IOC plans 40000 cr mega refinery at Nagapattinam.
🎯 JP Power: IDBI Bank Acquires 5.39% Stake In Co. On Conversion Of Debt Under SDR.
🎯 DHFL: Allots NCDs Worth `1,500 Cr Via Private Placement.
🎯 Nokia & Bharti Airtel To Collaborate On 5G & IoT Applications. 👍🏻
🎯 JLR Says To Launch New Range Rover Model, Velar; To Be Available From Summer 2017.
🎯 Hexaware Says Closed Buy Back From March 1 Due To Extinguishment Of Shares.
🎯 Tata Global Bev: Co & Keurig Green Mountain Announce Expanded Partnership Agreement.
🎯 Sources Say Govt Likely Soon To Impose 25% Wheat Import Tax To Curb Purchases Ahead Of Harvest. (Reuters)
🎯 TCS: Promoter & Promoter Group Intend To Participate In Buyback Offer.
Disclaimer :
Warning : Trading and or investing in the stocks market is highly risky.
This blog has been prepared by the Research Division of Sharp Investment & Financial Advisers(SIFA),Pune, India and is meant for use by the recipient only as an informative. Nothing on this blog/website is intended or should be construed as investment advice. It is intended to be used for informational purposes only. This document is not to be reported or copied or made available to others without prior permission of (SIFA).
It should not be considered or taken as an offer to Buy or Sell or a solicitation to Buy or Sell any security. These views alone are not sufficient and should not be used for the development or implementation of an investment strategy. It should not be construed as an investment advice to any party. All opinions and estimates included here constitute our view as of this date and are subject to change without notice. The information contained in this report other than the recommendation(s) has been obtained from sources that are considered to be reliable. However, (SIFA) has not independently verified the accuracy or completeness of the same. Neither (SIFA) nor any of its affiliates and/or its business associates and/or its directors and/or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well as the market related investments are subject to market risk and volatility. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/adviser. Either (SIFA) and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior and / or after to publication. The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources except recommendations. Sharp Investment & Financial Advisers(SIFA) and / or its affiliates and / or its business associates and / or its promoters and / or it's employees and / or its representatives and / or its clients and / or their relatives do not take any type of responsibility if reader or recommendation(s) follower will face any losses or liabilities because of our recommendations; market risk will be always there while and whenever concerned parties enter the stock market by any means.It is recommended for the recipients to take their decisions according to their risk tolerance capacity as well as also re-verify the shared information. No arguments and / or claims and / or objections will be entertained. Similarly, Sharp Investment & Financial Advisers(SIFA) and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives will not take any assurity or guarantee about our given recommendation(s) about its success. Sole discretion will be most recommended for readers and/or subscribers and/or followers and/or information receivers and/or investors and/or traders.
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