Moneycontrol Buzzing Stocks
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D-Street Buzz: Pharma, IT stocks gain led by Sun Pharma, Infosys; RIL extends gains, autos drag
The top gainers from NSE included Sun Pharma, Reliance Industries, Infosys, Bajaj Finserv and HDFC Bank while the top losers included Bajaj Auto, Hero MotoCorp, Indian Oil Corporation, Bharti Infratel and BPCL.
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AU Small Finance Bank dips 2% as Citi puts sell rating after Q3 earnings
Company#39;s profit for December quarter grew by 21 percent year-on-year to Rs 95.33 crore and net interest income increased by 39 percent to Rs 348 crore with loan portfolio growth of 62 percent YoY.
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ITI surges 10% on purchase order of Rs 1011 crore from GFGNL
The company has signed a contract with GFGNL for implementing BharatNet Phase II project in one of the two packages in the state of Gujarat.
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PSP Projects rises 2% on orders win worth Rs 572 crore
The work orders includes Rs 535.53 crore of work order from Sumer Corporation for construction of SRA Rehab Building at Chandivali, Mumbai.
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Wockhardt gains 3% on USFDA approval for cancer drug
Imatinib stops the cancer cells from growing and is indicated for treating cancers like Leukemia and some Gastro-lntestinal tumors.
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D-Street Buzz: Nifty Pharma outperforms led by Sun Pharma; RIL jumps 2%, Dena Bank hits new 52-week low
The breadth of the market favoured the advances with 829 stocks advancing and 704 declining while 529 remained unchanged. On the BSE, 922 stocks advanced, 751 declined and 87 remained unchanged.
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IT stocks surge as rupee extends fall to near 71.50/$
A weaker rupee is seen as a positive cue for IT companies as it means better international revenue.
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South Indian Bank falls 8% as Q3 profit falls 27%; asset quality deteriorates
Total income of the lender, however, improved to Rs 1,921.93 crore during the quarter under review, as against Rs 1,735.77 crore in the year-ago period, South Indian Bank said in a regulatory filing.
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DCB Bank plunges 6% on report of SFIO seeking cancellation of banking licence
According to a report by The Hindu Business Line, the Serious Fraud Investigation Office (SFIO) has asked for cancellation of banking licence on the back of its allege involvement in the NSEL scam.
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LT falls 3% as SEBI rejects Rs 9,000-crore buyback issue
LT had proposed to buy back up to 6.1 crore shares from shareholders at a price of Rs 1,475 per equity share, aggregating to Rs 9,000 crore. The offer was open to those holding equity shares as on October 15.
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MC Technicals
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Good news! Technical charts show that midcaps could make a comeback in 2019
Good news! Technical charts show that midcaps could make a comeback in 2019
The Midcap index however continues to trade above the midpoint of the tall bar formed in the first week of November, indicating strength in the long-term structure
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Technical View: Nifty forms bearish candle but momentum to remain strong above 10,800
Technical View: Nifty forms bearish candle but momentum to remain strong above 10,800
Mazhar Mohammad advised traders to remain long by trailing their stop to below 10,800 on closing basis.
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Technical View: Nifty forms #39;Doji#39; pattern, 10,928 crucial for further upside
Technical View: Nifty forms #39;Doji#39; pattern, 10,928 crucial for further upside
According to Mazhar Mohammad of Chartviewindia.in, the index may undergo profit booking if it trades below 10,876 levels for atleast one hour in next session.
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Technical View: Nifty forms bullish candle, next target seen at 10,985
Technical View: Nifty forms bullish candle, next target seen at 10,985
Mazhar advised traders to buy now and add further of declines towards 10,800 with a stop below 10,770 on closing basis and look for a higher targets beyond 11,000 kind of levels.
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Traders need to be cautious as breach of 10,670 could trigger panic: Kotak Securities
Traders need to be cautious as breach of 10,670 could trigger panic: Kotak Securities
Below 10,670, Nifty could arrest around 10,550, as it has spent maximum time around this level in last 12 months
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Technical View: Nifty forms #39;Bearish Belt Hold#39; pattern, 10,870 to remain a critical hurdle
Technical View: Nifty forms #39;Bearish Belt Hold#39; pattern, 10,870 to remain a critical hurdle
As advance decline ratio completely favoured the bears traders will be better off to adopt a neutral stance till indices register a directional move, Mazhar Mohammad of Chartviewindia.in said.
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#39;Bank Nifty to continue its outperformance, needs to hold 27,400 to extend gains#39;
#39;Bank Nifty to continue its outperformance, needs to hold 27,400 to extend gains#39;
Positive to rangebound view on Bank Nifty till it holds above 27,000 zones while rangebound bias on Nifty index till it doesn#39;t surpass 10,925-10,985 zones decisively.
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Technical Classroom: How to make trading strategy using HeadShoulder patterns
Technical Classroom: How to make trading strategy using HeadShoulder patterns
The pattern has the shape of a head and two shoulders. It can act as a reversal or continuation pattern depending on the trend prior to its formation and the type of the Head and Shoulders pattern
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Technical Analysis: How to use advanced triple candlestick chart patterns for trading
Technical Analysis: How to use advanced triple candlestick chart patterns for trading
The Three White Soldiers pattern can appear after an extended downtrend or a period of consolidation.
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Technical View: Nifty forms #39;Hammer#39; pattern, ends below 10,800; focus on stock specific opportunities
Technical View: Nifty forms #39;Hammer#39; pattern, ends below 10,800; focus on stock specific opportunities
Chandan Taparia of Motilal Oswal said now the index has to continue to hold above 10,750-10,777 zones to witness an upmove towards 10,880 then crucial hurdle at 10,925-10,985 zones.
MC Business News
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Quick Take | US earnings broadly in line with long term trends; tariffscurrency key factors to watch
Quick Take | US earnings broadly in line with long term trends; tariffscurrency key factors to watch
Projected earnings growth for Q4 CY18 has softened a bit from the start of the year (10.6 percent versus 12.2 percent YoY). While improvement is seen in industrials; financials, IT, materials and energy sectors have seen downward revisions. For CY19,[…]
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GSK Chairman Philip Hampton to step down
GSK Chairman Philip Hampton to step down
Before joining GSK, Hampton was chairman of Royal Bank of Scotland Group Plc and J Sainsbury plc .
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Budget in a minute: What does Appropriation Bill facilitate?
Budget in a minute: What does Appropriation Bill facilitate?
Gaurav Choudhury, Deputy Executive Editor at Moneycontrol explains all you need to know about the Appropriation Bill.
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LIC completes acquisition of 51% stake in IDBI Bank
LIC completes acquisition of 51% stake in IDBI Bank
LIC had been looking to enter the banking space by acquiring a majority stake in IDBI Bank, as the deal is expected to provide business synergies despite the lender#39;s stressed balance sheet.
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Lead futures rise 0.63% as demand picks up
Lead futures rise 0.63% as demand picks up
At the Multi Commodity Exchange, lead for delivery in January month edged up by 90 paise, or 0.63 per cent, to Rs 142.75 per kg in business turnover of 603 lots.
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Yamaha India launches FZ-FI, FZS-FI bikes priced up to Rs 97,000
Yamaha India launches FZ-FI, FZS-FI bikes priced up to Rs 97,000
The two new products FZ-FI and FZS-FI equipped with advanced braking system, anti-lock braking system (ABS), are powered by 149 cc 4-stroke, single-cylinder engines.
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Copper futures slide 0.13% on low demand
Copper futures slide 0.13% on low demand
At the Multi Commodity Exchange, copper for delivery in February declined by 55 paise, or 0.13 per cent, to Rs 428.80 per kg in business turnover of 2,973 lots.
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Crude oil futures gain 1.06% on global cues
Crude oil futures gain 1.06% on global cues
At the Multi Commodity Exchange, crude oil for delivery in February was trading higher by Rs 41, or 1.06 per cent, at Rs 3,895 per barrel with a business turnover of 5,708 lots.
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Silver futures marginally up by Rs 7
Silver futures marginally up by Rs 7
At the Multi Commodity Exchange, silver for delivery in March was trading higher by Rs 7, or 0.02 per cent, at Rs 39,205 per kg in a business turnover of 871 lots.
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Gold futures up by Rs 80 on firm global cues
Gold futures up by Rs 80 on firm global cues
At the Multi Commodity Exchange, gold for delivery in February rose by Rs 80, or 0.25 per cent, to Rs 32,171 per 10 gram in a business turnover of 674 lots.
MC Brokerage Recos
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Accumulate LarsenToubro Technology Services; target of Rs 1780: Prabhudas Lilladher
Accumulate LarsenToubro Technology Services; target of Rs 1780: Prabhudas Lilladher
Prabhudas Lilladher recommended accumulate rating on Larsen and Toubro Technology Services with a target price of Rs 1780 in its research report dated January 17, 2019.
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Accumulate Reliance Industries; target of Rs 1238: Prabhudas Lilladher
Accumulate Reliance Industries; target of Rs 1238: Prabhudas Lilladher
Prabhudas Lilladher recommended accumulate rating on Reliance Industries with a target price of Rs 1238 in its research report dated January 18, 2019.
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Hold MindTree; target of Rs 930: ICICI Direct
Hold MindTree; target of Rs 930: ICICI Direct
ICICI Direct recommended hold rating on MindTree with a target price of Rs 930 in its research report dated January 17, 2019.
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Buy Federal Bank; target of Rs 102: Prabhudas Lilladher
Buy Federal Bank; target of Rs 102: Prabhudas Lilladher
Prabhudas Lilladher is bullish on Federal Bank has recommended buy rating on the stock with a target price of Rs 102 in its research report dated January 17, 2019.
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Accumulate Hindustan Unilever; target of Rs 1877: Dolat Capital
Accumulate Hindustan Unilever; target of Rs 1877: Dolat Capital
Dolat Capital recommended accumulate rating on Hindustan Unilever with a target price of Rs 1877 in its research report dated January 17, 2019.
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Buy Reliance Industries; target of Rs 1426: Motilal Oswal
Buy Reliance Industries; target of Rs 1426: Motilal Oswal
Motilal Oswal is bullish on Reliance Industries has recommended buy rating on the stock with a target price of Rs 1426 in its research report dated January 18, 2019.
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Buy Mindtree; target of Rs 1140: HDFC Securities
Buy Mindtree; target of Rs 1140: HDFC Securities
HDFC Securities is bullish on Mindtree has recommended buy rating on the stock with a target price of Rs 1140 in its research report dated January 17, 2019.
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Hold Hindustan Unilever; target of Rs 1874: Prabhudas Lilladher
Hold Hindustan Unilever; target of Rs 1874: Prabhudas Lilladher
Prabhudas Lilladher recommended Hold rating on Hindustan Unilever with a target price of Rs 1874 in its research report dated January 17, 2019.
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Buy Reliance Industries; target of Rs 1465: Sharekhan
Buy Reliance Industries; target of Rs 1465: Sharekhan
Sharekhan recommended is bullish on Reliance Industries has recommended buy rating on the stock with a target price of Rs 1465 in its research report dated January 17, 2019.
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Buy DCB Bank; target of Rs 218: Cholamandalam Securities
Buy DCB Bank; target of Rs 218: Cholamandalam Securities
Cholamandalam Securities is bullish on DCB Bank has recommended buy rating on the stock with a target price of Rs 218 in its research report dated January 17, 2019.
