Nov 08 2023, 10:50

Stock Radar:Tata Consumer breakout from bullish; likely to top Rs 10 level:



The stock rose by over 2% in a week and about 10% in the last 3 months. 

Tata Consumer Products, a part of the tea and coffee industry, haspicked up momentum in the last few months after a breakout from a bullish Pennant formation on the monthly charts.

Short-term traders can look to buy the stock now for a target above Rs 1,000 level in 4-6 months, suggested experts.

The stock hit a record high of Rs 928 on 17 October but failed to hold on to the momentum.

Pennant is similar to a symmetrical triangle. They can be formed both in an uptrend or a downtrend. A Pennant pattern is a short-term consolidation that is formed after a swift rise in the prices of the underlying.

Tata Consumer stock rose by over 2% in a week and about 10% in the last 3 months, Trendlyne data showed.


source: et 

Nov 08 2023, 10:40

3 insights to kick-start the day; Soft Bank's biggest loss:


WeWork, which is synonymous with co-working space, is taking its dying breath after years of agonising efforts to revive its fortunes. The global poster boy of shared economy and startup culture is weighed down by expenses on account of long- term leases of premium real estate.


But Son is familiar with wild fluctuations of fortunes. He is reported to have lost USD59 billion in the dotcom crash more than two decades ago.


In an inter-ministerial meeting of top officials on Monday, the Prime Minister's Office sought to fast-track approval and iron out all differences related to Tesla's investment proposal by January 2024. Getting Tesla to set up shop in India has been high on Prime Minister Narendra Modi's agenda. A multi-billion-dollar investment by Tesla will be a significant boost.


A government-run ayurveda company has received buyout bids from private players.Indian Medicines Pharmaceutical Corporation (IMPCL) has received buyout bids from drug makers including Mankind Pharma and Baidyanath Ayurveda.

For the last financial year, the company had sales of INR223 crore and after-tax profit of INR29.49 crore. It appears the capacity utilisation of IMPCL's manufacturing site had declined to 33% a few years ago but now stands at 73%.
After five decades, IMPCL has a marginal existence. 



One last thing. Over the past few years, Soft Bank already booked losses from WeWork investment. Separately, the bankruptcy filing has no impact on the India unit of WeWork, majority owned by Embassy Group.


source: et 

Nov 08 2023, 09:38

$553 million investment by US in Adani's Shrilanka port:



US invests $553 million in Adani’s Sri Lanka port to curb China’s influenceThe US will provide $553 million in financing for a port terminal in Sri Lanka’s capital being developed by Indian billionaire Gautam Adani, as New Delhi and Washington look to curtail China’s influence in South Asia.The funding is part of a global acceleration of DFC investments that totaled $9.3 billion in 2023.

 A US official described the Sri Lanka port financing as emblematic of the US commitment to be more engaged in development projects across the Indo-Pacific.China had invested about $2.2 billion in the island nation as of the end of last year, its biggest foreign direct investor. US officials have publicly criticized Sri Lanka’s little-used southern Hambantota port as unsustainable and part of what it calls China’s “debt-trap diplomacy.”

DFC, a development finance agency launched under the Trump administration, was established to aid developing nations while advancing US foreign policy goals. It struggled at first to stake out projects around the world due to the Covid-19 pandemic.


source: et 

Nov 07 2023, 15:21

स्टॉक रडार: ऊंचाई से 20% नीचे! ईवी स्टॉक निचले स्तर पर दिख रहा है:

ओलेक्ट्रा शून्य उत्सर्जन के साथ ईबीयूएस पेश करके सार्वजनिक परिवहन के लिए एक हरित ऊर्जा समाधान प्रदान करता है। कंपनी भारत की पहली इलेक्ट्रिक बस निर्माता भी है। 13 जुलाई, 2023 को स्टॉक 1,465 रुपये की रिकॉर्ड ऊंचाई पर पहुंच गया। 3 नवंबर को शेयर 1,176 रुपये पर बंद हुआ, जो लगभग 20% की गिरावट है।

ईवी क्षेत्र में यात्री वाहन खंड का हिस्सा, ओलेक्ट्रा ग्रीनटेक, जुलाई 2023 के उच्चतम स्तर से लगभग 20% गिर गया है, लेकिन चार्ट संरचना से पता चलता है कि स्टॉक शायद निचले स्तर पर पहुंच गया है।

उच्च जोखिम उठाने की क्षमता वाले अल्पकालिक व्यापारी अगले 2-3 सप्ताह में 1,200 रुपये के स्तर तक संभावित उछाल के लिए स्टॉक खरीदने पर विचार कर सकते हैं।

विश्लेषक, डेरिवेटिव्स और तकनीकी अनुसंधान, शिवांगी सारदा ने कहा, "पिछले कुछ हफ्तों के समेकन के बाद ओलेक्ट्रा ग्रीनटेक स्टॉक निचले स्तर पर आ गया है और पूरा ध्यान पूरे ऑटो पैक पर है, जिसमें से इस स्टॉक में प्रमुख समर्थन क्षेत्रों में खरीदारी देखी जा रही है।" मोतीलाल ओसवाल वित्तीय सेवाएँ।




source: et 

Nov 07 2023, 11:02

5 stocks with  improvement and upside up to 44%:


Nifty and sensex are inching upward once again, given the fact that some of the headwinds are still present, it would be still be better to ensure that caution is the word which stay in one's mind while looking at stocks Caution in terms of the socks where analysts are bullish.It is time to take a step back, think and then make a decision both when buying and selling any stock as global flows have high probability of changing directions. 

The selected stocks depict a strong upward trajectory in their overall average score. This implies that there has been a significant improvement in their market outlook in the given time frame.

More than the decline, what is more troublesome is that market breadth on the day of correction in the market is extremely bad. On some days it has reached as high as 9 stocks declining to I stock moving upward. Only look at those stocks at this point of time where there has been a fundamental improvement in terms of macros factors which govern that industry.It would be better to move out of those stocks.

Also if one looks at the earning season, the majority of Q2 numbers are not giving any positive surprises. In such times, if one is looking to buy stocks it would be better to look at stocks where some developments have made analysts turn bullish on them.

The reaction of the street would be an important thing to watch when mid-cap and numbers of mid and small cap companies from manufacturing space give their results.

Top Picks of the week

Gift

Nov 6, 2023

Mazagon Dock Shipbuilders

Company Name

Latest Stock Score Stock Score 1W ago

Stock Score TM ago

AA

FONT SIZE

Reco

Hold

3

Rat

44.1

14

Analyst Count

Upside Potential (%)

Inst Stake (%)

Market Cap Type

Market Cap Rs Cr

Large

38,777

Motilal Oswal Financial

Company Name

Latest Stock Score

10

Stock Score 1W ago

9

Stock Score 1M ago

Reco

Strong Buy

5

41.6

Analyst Count

• Upside Potential (%)

Inst Stake (%)

Market Cap Type

36.3

Mid

Market Cap Rs Cr

14987

Can Fin Homes

Company Name

Latest Stock Score

Stock Score 1W ago

Stock Score 1M ago

4

Reco

Buy

29.5

Analyst Count Upside Potential (%)

Inst Stake (%)

Market Cap Type

Market Cap Rs Cr

33.

Mid

10,272

Apollo Pipes

Company Name

Latest Stock Score

Stock Score 1W ago

Stock Score 1M ago

7

Reco

Strong Buy

6

29.3

Analyst Count

Upside Potential (%)

Inst Stake (%)

Market Сaр Туре Market Cap Rs Cr

18,7

Small

2847

Five-Star Business Finance

Company Name

Latest Stock Score

Stock Score 1W ago Stock Score 1M ago

10

7

Reco

Strong Buy

5

183

Analyst Count

*Upside Potential (%)

Inst Stake (%)

Market Cap Type

Market Cap Rs Cr

45.5

Large

21,980

Calculated from highest price target given by analysts.


source: et 

Nov 07 2023, 10:02

6 midcap stocks with levels of RoE and scope of up to 38%:


Mid-cap stocks are risky bets and they should be aware of the risks while buying them. Anyone who has any doubt should look at three months, October 2021, June 2022 and April 2023. The first date is when small and midcap stocks were at their peak and the second i.e. June 2022 is when they were at their lowest. In just nine months a number of them lost all the gains they had made in two years in the covid rally. 

 Refinitiv's Stock Report lists stocks with high upside potential over the next 12 months, having an average recommendation rating of "buy" or "strong buy.

 Investing in mid cap stocks is one of the toughest challenges for any investor. This challenge gets much bigger when the valuations are extremely high but an investor's desire to invest in them is high due to the fact that they have been impressed by recent gains in their mid-cap stocks.

October 2021 and 2022 and April 2023. First date is when small cap stocks were at their peak and second i.e June 2022 is when they were at lowest. During this period of just eight months a number of them lost all the gains they had made in two years in the covid rally. 

Every sector has a different operating matrix which has high correlation with returns companies in that industry are able to generate. For some industries like software and services,15 to 20 percent net margins would be normal. For others, like construction and contractors even the best players struggle to move to double digit margin. Whether it is ROCE, ROE or net margins all is dependent on the underlying business.

Mid Cap Stocks with Net Margin & RoE

Upside Potential - Nov 5, 2023

* Upside Potential %

Inst Stake %

Ma Ca

Company Name

Net Margin %

ROE %

Avg Score

Analyst Count

Reco

CCL Products

5

Buy

10

38.9

12.5

19.7

25.8

દ

Raymond

10

Strong Buy

6

38.9

18.3

20.1

14.7

12

Garware Technical Fibres

8

Buy

3

30.9

14.1

17.3

14.2

€

Happiest Minds Tech

3

Buy

2

29.7

15.0

21.7

4.3

12

Triveni Turbine

8

Buy

6

28.7

16.0

26.2

27.0

12

La Opala RG

Strong Buy

7

3

26.2

28.8

16.2

19.6

4

Calculated from highest price target given by analysts. 

Nov 07 2023, 09:38

5 midcap pharma stocks upside  up to 37% 10000:

A large number of small and mid-caps pharma companies are announcing one or the other thing either about US FDA or European authorities giving approval or inspection. While the large players had moved to international markets a long time back, a number of small companies that had domestic focussed business are also moving into the developed global markets. 

After a long period of under performance, pharma stocks have seen interest coming back from institutional investors. 

Before moving further, it is important to understand that given the diverse nature of business which an individual pharma company does, each company is an industry in itself. But because they are clubbed in a common sectoral word called "Pharma stock" and tend to move in tandem even though one segment would gain at the cost of another. 

Select domestic pharma companies  have been pushing for backward integration have seen some improvement in their margins. At the same time some of the headwinds pharma companies whose fortunes are tied up with pricing trends in US markets may have turned into tailwinds. 


Pharma stocks - Upside potential

Nov 5, 2023

 Upside Potential

Inst Stake

Company Name

Avg Score

Analyst Count

Market Cap Type

Market Cap Rs Cr

Reco

Indoco Remedies

5

Buy

7

37.5

18.6

Small

2,948

Supriya Lifescience

4

Strong Buy

2

37.0

5.5

Small

1,990

Aarti Drugs

5

Buy

3

33.7

6.5

Mid

4,230

Granules India

8

Strong Buy

7

28.5

23.4

Mid

8,528

Eris Lifesciences

4

Buy

11

27.2

18.2

Mid

11,885

Calculated from highest price target given by analysts 

Nov 07 2023, 09:29

Stock Radar: Down 20% from highs! The EV stock is showing bottoming out:
Stock Radar: Down 20% from highs! The EV stock is showing bottoming out:

Olectra offers a green energy solution to public transport by introducing EBUS with Zero emission. The company is also India's first electric bus manufacturer. The stock hit a record high of Rs 1,465 on July 13, 2023. The scrip closed at Rs 1,176 on November 3, which translates into a fall of about 20%.

Olectra Greentech, part of the passenger vehicle segment in the EV space, has fallen about 20% from July 2023 highs but the chart structure suggests that the stock might have bottomed out.

Short-term traders with a high-risk appetite can look to buy the stock for a possible bounce back towards Rs 1,200 levels in the next 2-3 weeks.

"Olectra Greentech stock has bottomed out after the consolidation of the last few weeks and the focus is on the entire auto pack, out of which this stock is witnessing buying at major support zones," said Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services.


source:et 

Nov 06 2023, 12:24

4 stocks from diagnostics sector
have upside potential of up to
26%:

Tata Motors's luxury electric vehicles to use JLR platform.

Hidden in plain sight. Tata Motors' premium electric vehicles starting with the Avinya, the mid-sized electric SUV showcased as a concept last year, will be launched using the same platform on which the Range Rover and Range Rover Sports will go electric.

Shiprocket's revenue, losses, and expenditure soar in FY23.
Inside the news. Shiprocket,
which started as an aggregator of logistics companies including
Delhivery, Shadowfax,
Xpressbees and has grown to be a full-stack player offering services
such as warehousing, reported a
sharp increase in revenue to
INR1,089 crore for FY23, from
INR611 crore a year ago.

source: et 
source: et 

Nov 05 2023, 18:14

ग्राहक सुरक्षा व उत्पाद गुणवत्ता की ओर फुट वेयर प्रोडक्ट्स:


सरकार ने जून में घोषणा की थी कि बड़े और मध्यम स्तर के
फुटवियर निर्माताओं और सभी आयातकों को 1 जुलाई से 24 फुटवियर और संबंधित उत्पादों के लिए गुणवत्ता मानकों का पालन करना होगा।

नियमों में रबर गम बूट, पीवीसी सैंडल, रबर हवाई चप्पल, चप्पल, मोल्डेड प्लास्टिक जूते और नगरपालिका सफाई कार्य के लिए उपयोग किए जाने वाले जूते शामिल हैं।

विशेषज्ञों का कहना है कि इन मानकों से बाजार में ज्यादा विविधता नहीं रह जाएगी। उदाहरण के लिए, ग्राहकों के पास अब एक ही उत्पाद श्रेणी के तहत फैशन चप्पल, कार्यालय चप्पल, समुद्र तट चप्पल और ऐसी अन्य किस्में हैं। इस प्रक्रिया से सामान्य उपयोग वाली चप्पलों के लिए भी लागत थोड़ी बढ़ने की संभावना है।


प्रबंधन परामर्श कंपनी प्राइमस पार्टनर्स के सह-संस्थापक और बोर्ड सदस्य कनिष्क माहेश्वरी कहते हैं, सरकार ने ग्राहक सुरक्षा और उत्पाद की गुणवत्ता सुनिश्चित करने का इरादा प्रदर्शित किया है। 2022 में 3 फुटवियर उत्पादों को कवर करने के लिए गुणवत्ता आवश्यकताओं का उपयोग किया जाता था और अब 24 को कवर किया गया है। "गुणवत्ता मानक सुनिश्चित करते हैं कि उत्पाद विशिष्ट सामग्री, शिल्प कौशल और प्रदर्शन मानदंडों को पूरा करते हैं। लक्ष्य घरेलू उद्योग को बढ़ावा देना और चीन, वियतनाम, इंडोनेशिया और बांग्लादेश पर निर्भरता को कम करना है। फुटवियर उत्पाद," माहेश्वरी कहते हैं।

चीन के बाद भारत दूसरा सबसे बड़ा उत्पादक और फुटवियर का नौवां सबसे बड़ा निर्यातक है: इसका वैश्विक उत्पादन में 13% और निर्यात में 2.2% योगदान है। ग्लोबल ट्रेड रिसर्च इनिशिएटिव (जीटीआरआई), एक थिंक टैंक का अनुमान है कि भारतीय बाजार में जूते की लगभग 5% मांग आयात के माध्यम से पूरी की जाती है; और इसका 80% चीन, वियतनाम, इंडोनेशिया और बांग्लादेश से आता है। इसमें कहा गया है, ''भारत के आयात में 38.2% हिस्सेदारी के साथ चीन सबसे बड़ा आपूर्तिकर्ता है।''

वित्त वर्ष 2023 में भारत का जूते का वैश्विक आयात 920.3 मिलियन डॉलर था।

भारत ने वित्त वर्ष 2011 में 1.49 बिलियन डॉलर और वित्त वर्ष 2012 में 2.05 बिलियन डॉलर के जूते का निर्यात किया। यह रोक देगा
उनका कहना है कि चीन से सस्ते माल की डंपिंग से घरेलू को बढ़ावा मिलेगा
निर्माता.


source: et