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October 22, 2024

Where do we spend our time ? How do we divide it between family, friends, coworkers, etc Here's a study. It's a 1 min video - Watch till the end. Directionally, seems pretty accurate.
INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON 21-10-2024 :
FIIS F & O : RS. CRS. :
TOTAL NET BUY : +1241
INDEX FUT. : -333
INDEX OPT. : +241
STOCK FUT. : -1671
STOCK OPT. : +3004
SEC. IN BAN FOR, 22-10-2024 :
1. AARTIIND 2. BANDHANBNK 3. BSOFT 4. CHAMBLFERT 5. GNFC 6. GRANULES 7. HINDCOPPER 8. IDFCFIRSTB 9. IEX 10 . INDIAMART 11. LTF 12. MANAPPURAM 13 . PEL 14. PNB 15 . RBLBANK 16 . SAIL
ADDITION : INDIAMART, MANAPPURAM, PEL, RBLBANK
DELETION : NATIONALUM, TATACHEM
INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 21-OCT-2024 :
FIIS : SELL -2,262 (11,983-14,245)
DIIS : BUY +3,226 (13,741-10,515)
BSE SENSEX : -73 (81,151)
NSE NIFTY : -73 (24,781)
BSE MIDCAP. : -781 (47,165)
BSE SMLCAP. : -851 (55,649)
B. CRUDE : $ 74.03
GOLD:$ 2,737=INR 79,170 (10gr)
SILVER : RS. 98,000 (kg)
FOREX : RS. $ 84.07
6.79% NEW '34: 6.7782%(100.08)
7.10% GOI '34: 6.8293% (101.86)
7.23% GOI '39: 6.8654% (103.31)
All FM and smart investors bearish moods but on screen talking bullish and pushing g retail investors to support.
Ask them to put their money and then feel the frustration of retails investors.
Sebi
Exchanges
Mutual funds
AIF
All hand in glove .
Fpi r smarter and don't deviate from their mandate what ever come.
Kaha Gaye woh 1 lac sensex talks and 5,7,10 trillion economy.
By just increasing taxes no economy grows
Rest ALL R SMART ENOUGH
[8:24 am, 22/10/2024] R N Gupta (RNG): Fund Houses Recommendations
Nomura on Lal Pathlabs: Maintain Buy on Company, target price at Rs 3720/Sh (Positive)
MS on Bajaj Finance: Maintain Overweight on Company, target price at Rs 9000/Sh (Positive)
Nuvama on CG Power: Maintain Buy on Company, target price at Rs 895/Sh (Positive)
Investec on City Union Bank: Maintain Buy on Bank, target price at Rs 200/Sh (Positive)
Macquarie on City Union Bank: Maintain Outperform on Bank, target price at Rs 185/Sh (Positive)
Jefferies India Strategy: A rise in liquidity has driven an improvement in banks deposit growth (Positive)
BofA on Oberoi Real: Maintain Underperform on Company, target price at Rs 1175/Sh (Neutral)
Jefferies on Oberoi Real: Maintain Neutral on Company, raise target price at Rs 1900/Sh (Neutral)
HSBC on Oberoi Real: Maintain Hold on Company, target price at Rs 2050/Sh (Neutral)
MS on Ultratech: Maintain Overweight on Company, target price at Rs 13620/Sh (Neutral)
Macquarie on Ultratech: Maintain Neutral on Company, target price at Rs 11106/Sh (Neutral)
CLSA on Ultratech: Maintain Neutral on Company, target price at Rs 11500/Sh (Neutral)
Nomura on Ultratech: Maintain Buy on Company, target price at Rs 12350/Sh (Neutral)
Bernstein on Ultratech: Maintain Market perform on Company, target price at Rs 10508/Sh (Neutral)
BofA on Ultratech: Maintain Buy on Company, cut target price at Rs 12300/Sh (Neutral)
GS on Ultratech: Maintain Buy on Company, cut target price at Rs 11720/Sh (Neutral)
MS on Dalmia Bharat: Maintain Underweight on Company, target price at Rs 1750/Sh (Neutral)
Nomura on Hyundai: Initiate Buy on Company, target price at Rs 2472/Sh (Neutral)
Macquarie on Hyundai: Initiate Outperform on Company, target price at Rs 2235/Sh (Neutral)
HSBC on Bajaj Housing: Maintain Reduce on Company, target price at Rs 110/Sh (Neutral)
HSBC on L&T Fin: Maintain Buy on Company, cut target price at Rs 180/Sh (Neutral)
BofA on Sapphire Foods: Downgrade to Underperform on Company, cut target price at Rs 330/Sh (Negative)
[8:24 am, 22/10/2024] R N Gupta (RNG): India Daybook – Stocks in News
Epack Durable: Hisense India joins forces with Epack durable to manufacture air conditioners and home appliances in India for the world. (Positive)
Sona BLW Precision: Inauguration and Commencement of production in new Manesar plant. (Positive)
Arkade Developers: Company to launch residential and commercial project at Bhandup, Maharashtra, and project has estimated revenue potential of Rs 7.6 billion (Positive)
Lemon tree: Company signed license agreement for 72-room hotel in Kalaburagi, Karnataka (Positive)
Eicher Motors: Royal Enfield debuts in Bangladesh with manufacturing & assembly unit, and flagship store in Dhaka (Positive)
Mas Financial: Signs Co-lending Partnership with UCO Bank for MSME (Positive)
Sanofi: CD&R announces open offer to acquire a 26% stake in Sanofi Consumer Healthcare India for an aggregate of up to Rs 2,983 crore. (Positive)
Alembic Pharma: Company receives final approval from U.S. FDA for generic version of Diltiazem Hydrochloride (Positive)
Shriram Finance: Company gets RBI nod to sell Shriram Housing stake to Warburg affiliate Mango Crest (Positive)
Mazdock: Board Meeting today to consider Dividend/Stock split. (Positive)
Swaraj Engines: Net Profit at Rs 45 cr vs Rs 37 cr, Revenue at Rs 464 vs Rs 388 cr. (YoY) (Positive)
Bajaj Housing Finance: Net Profit at Rs 546 cr vs Rs 451 cr, NII at Rs 713 vs Rs 632 cr. (YoY) (Positive)
Supreme Petrochem: Net Profit at Rs 90.3 cr vs Rs 78 cr, Revenue at Rs 1505.6 vs Rs 1187.6 cr. (YoY) (Positive)
Mangalam Global: Net Profit at Rs 5.6 cr vs loss Rs 0.4 cr, Revenue at Rs 562 vs Rs 440 cr. (YoY) (Positive)
Coal Mining Stocks: Coal Minister to meet CMDs of coal PSUs to prepare action plan to increase coal production. (Positive)
Nelco: Net Profit at Rs 4.1 cr vs Rs 5.7 cr, Revenue at Rs 82.5 vs Rs 76.7 cr. (YoY). (Neutral)
City Union Bank: Net Profit at Rs 285 cr vs Rs 281 cr, NII at Rs 582 vs Rs 538 cr. (YoY). (Neutral)
Rajratan Global Wire: Net Profit at Rs 19 cr vs Rs 19.5 cr, Revenue at Rs 240 vs Rs 214 cr. (YoY) (Neutral)
Cyient DLM: Net Profit at Rs 15.4 cr vs Rs 14.6 cr, Revenue at Rs 389.4 vs Rs 291.8 cr. (YoY) (Neutral)
Vinyl Chemicals: Net Profit at Rs 5 cr vs Rs 3.8 cr, Revenue at Rs 150 vs Rs 154 cr. (YoY) (Neutral)
Mahindra Logistics: Net loss at Rs 10 cr vs Rs 15 cr, Revenue at Rs 1521 vs Rs 1365 cr. (YoY) (Neutral)
HFCL: Net Profit at Rs 73.9 cr vs Rs 69.4 cr, Revenue at Rs 1093 vs Rs 1111 cr. (YoY) (Neutral)
Aurionpro: Net Profit at Rs 45 cr vs Rs 43 cr, Revenue at Rs 278 vs Rs 261 cr. (YoY) (Neutral)
Union Bank: Net Profit at ₹4,719.7 Cr Vs ₹3,511.4 Cr, NII At ₹9,047.2 Cr Vs ₹9,126.1 Cr (YoY) (Neutral)
Epigral: Opens QIP and sets floor price at ₹2,203.29/sh (Neutral)
OLA Elec: Out of 10,644 complaints that we received from the CCPA, 99.1% of the complaints were resolved (Neutral)
Mukka Proteins: Company approved issuance of shares worth Rs 980 million. (Neutral)
Tata Steel: Company's pact with Tenova for Port Talbot has been described as a significant milestone to reducing carbon emissions by 90% (Neutral)
Shiva Cement: Net loss at Rs 33.6 cr vs Net loss Rs 19.4, Revenue at Rs 50.5 cr vs Rs 104 cr. (YoY) (Negative)
JSFB: Net profit at Rs 96.7 cr, down 21.3% YoY, Gross NPA at 2.97% vs 2.62%. QoQ (Negative)
Navigating the Opening Bell with Sbi Securities: 6 Key Technical and Derivative Insights
1. Global Market:
After showing recent strength, Wall Street saw a mixed performance in Monday's session. The Dow experienced a notable pullback, falling 0.80%, while the S&P 500 edged down by 0.18%. In contrast, the Nasdaq managed to close 0.18% higher.
Going ahead, for S&P 500 the zone of 5790-5770 will act as immediate support. While, on the upside, the zone of 5870-5890 will act as a crucial hurdle.
#BrentOil has witnessed a minor pullback on Monday. However, it is comfortably trading below its short and long-term moving average, which is a bearish sign. The zone of $72.30-72 will act as immediate support for Brent Oil. Any sustainable move below the level of $72 will lead to a sharp correction upto the level of $69.50 in the short-term.
On Monday, the U.S. Dollar Index (#DXY) ended at 103.96 level with a gain of 0.48 percent. Currently, it is trading above its short and long-term moving averages. Going ahead, it is likely to continue its northward journey and test the level of 104.50 in the short-term.
2. Nifty View :
On Monday, the benchmark index Nifty opened with a minor upside gap. However, it has failed to sustain at higher levels and thereafter witnessed a selling pressure. It ended the session at the 24781 level with a loss of 0.29 percent. On a daily scale, it has formed a bearish candle.
Going ahead, the zone of 24680-24660 will act as immediate support for the index. Any sustainable move below the level of 24660 will lead to further selling pressure in the index. In that case, the next support is placed at the 24550 level.
While, on the upside, the zone of 24850-24880 will act as an immediate hurdle for the index.
On the #derivative front, October #futures dipped by 0.64 percent, and the cumulative #OpenInterest of current, next, and far series has also dipped by 1.76 percent. This indicates an overall long unwinding.
Among the constituents of the #Nifty index, 4 stocks have witnessed a long build-up, and 8 stocks have witnessed a short covering rally. While 12 stocks have witnessed a short build-up and 26 stocks have witnessed a long unwinding.
The 24800 strike has significant call open interest, followed by the 24900 strike. On the put side, 24700 has a substantial open interest, followed by a 24500 strike.
For the weekly series, OI PCR is at 0.59. While, for the October monthly series, OI PCR is at 0.92.
3. Bank Nifty View :
On Monday, the Bank Nifty failed to sustain above 50 percent Fibonacci retracement level of its prior downward rally (54467-50194) and thereafter witnessed selling pressure. It ended the session at 51962 level with a loss of 0.25 percent.
Going ahead, the zone of 51500-51400 will act as immediate support for the index. Any sustainable move below the level of 51400 will lead to further selling pressure in the index upto the level of 51000.
While, on the upside, the zone of 52100-52200 will act as an immediate hurdle for the index.
On the #derivative front, October #futures ended lower by 0.52 percent, and the cumulative #OpenInterest of current, next, and far series has dipped by 0.66 percent, which indicates an overall long unwinding.
The 52000 strike has significant call open interest, followed by the 52200 strike. On the put side, 51500 has a substantial open interest, followed by a 51000 strike.
For the weekly series, OI #PCR is at 0.87. For the October monthly series, OI PCR is at 0.92.
4. Key Market Indicators:
On Monday, the volatility index #INDIAVIX surged by 5.56 percent. Going ahead, the zone of 14.20-14.40 will act as an immediate hurdle for the index. Any sustainable move above the level of 14.40 will lead to a sharp upside rally upto the level of 15.70 in the short-term.
The #Advance/Decline ratio was largely tilted in favour of decliners.
5. Key Sectors:
Nifty FMCG, Nifty Media, Nifty CPSE, Nifty PSE, Nifty Metal and Nifty Oil & Gas is relatively underperforming the frontline indices.
While, Nifty Financial Services is outperforming the frontline indices.
6. FII/DII Data:
#FIIs sold to the tune of 2261.83 cr. while #DIIs bought to the tune of 3225.91 cr.
FIIs' #Long-short ratio for index futures is at 32.95 as on a net basis, they sold 5706 index futures.
On the stock #futures front, FIIs have sold to the tune of 32702 contracts, while on the #Options Front, FIIs sold 92607 call contracts and bought 75451 Put Option contracts.
Nomura on Hyundai India
Initiate Buy, TP Rs 2472
Riding on style & technology
Ongoing premiumization should drive high-quality growth
Long runway for Indian car industry – current penetration at 36 cars/1,000 people
Est to deliver 8% vol CAGR over FY25-27F driven by 7-8 new models (including facelifts) & its EBITDA margins to improve to 14% by FY27F from 13.1% in FY24; led by improving mix, cost reduction & operating leverage
Macquarie on Hyundai India
Initiate O-P, TP Rs 2235
Believe deserves premium PE multiple vs peers due to its favourable portfolio mix & premium positioning.
Powertrain optionality, including parent capabilities & market share upside risk are medium-term +ves
Catalysts: Domestic PV demand, Co's market share trends, including new model launches and margin improvement led by portfolio mix.
Market rewards earnings/market share delivery with a sustained PE multiple premium over PV peers
JPM on AU Small Bk
Initiate Neutral. TP Rs 700
Has potential to deliver strong earnings compounding (JPMe: 34% FY25-27e EPS CAGR) over medium term, driven by healthy asset growth &ROA improvement
But near term,see risks from delinquencies rising on its unsecured bk
Fincare merger offers an extended pan-India presence, however, comes with an expanded unsecured exposure (12% vs 5% pre-merger) at an adverse point in cycle
@19x FY26 P/E, trades well above mid-tier prvt bk peers
HSBC on Bajaj Housing
Reduce, TP Rs 110
2Q: Healthy PAT was driven by income from assignment and low credit costs; core-earning performance was muted
Expect EPS growth will slow down due to lower AUM growth, NIM pressure, & normalised credit costs
Cut FY25-27e EPS est 1-4%
MS on Bajaj Fin
OW, TP Rs 9000
BHFL's AUM rose 6% QoQ, in-line with (BAF's) consolidated AUM growth of 6% QoQ
PAT grew 13% QoQ (+21% YoY) due to higher non-interest income (assignment) & lower credit costs QoQ
Make minor tweaks to 2QF25 PAT forecast for BAF
UBS on 360 One
Buy, TP Rs 1250
Strong AUM growth; relatively softer retentions
Wealth management ARR AUM growth remain strong at 45% YoY H1FY25
Asset management AUM growth strong despite lower net flows in AIF biz
Higher Cost/income ratio; largely in-line profits
Jefferies on 360 One
Buy, TP Rs 1350
Strong beat 2Q PBT(+41% YoY), led by outperformance in wealth (+44% YoY) & steady AMC (+31% YoY)
Raise EPS est. by 2-3%
Healthy fundraising in AMC(Rs71bn in gross inflows) continues to offset impact of ongoing redemption which ends in Q4
Investec on 360 One
Hold, TP Rs 1050
Transactional income drove inline Operating PBT
Strong Net ARR inflows compared to last few qtrs.
Seek clarity on
a) reasons for net outflow in AIF during qtr
b) sustainability of transactional revenue
c) reasons for elevated opex
Macquarie on CITY Union BK
O-P, TP Rs 185
2Q FY25: PAT in line
Growth engine finally turns on
Expect ROA to remain ~1.5-1.6% despite higher credit costs
Risk/reward looks favourable given potential growth & ROA trajectory
Investec on City Union BK
Buy, TP Rs 200
Better-than-expected quarter across metrics – growth, profitability & asset quality.
While this is 1st quarter for all 3 metrics to show improving trends, bank is in a favourable cycle on AQ front due to its secured nature

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