Stocks in the news: Axis Bank, IOC, Ashoka Buildcon, Uflex, Texmaco Rail, Mangalam Drugs

Arrow Greentech | IFCI | Mangalam Drugs & Organics | United Breweries | Escorts | Axis Bank | IOC and Ashoka Buildcon are stocks which are in the news today.

Here are stocks that are in the news today:

Axis Bank: Board appointed Amitabh Chaudhry as an Additional Director of the bank and to hold office as such till the conclusion of the ensuing Annual General Meeting and as the Managing Director & CEO of the bank, for a period of 3 years, with effect from January 1, 2019. Board approved the reappointment of Samir Barua, Som Mittal and Rohit Bhagat as Independent Directors of the bank for their second consecutive term from April 1, 2019 upto the expiry of their respective tenure of 8 years.

Alembic Pharma - meeting of NCD Committee will be held on December 14 to consider and approve the issue and allotment of unsecured

listed redeemable non-convertible debentures (NCDs) of upto Rs 350 crore on private placement basis

IOC board meet on December 13 to consider buyback of equity shares and interim dividend for the Financial Year 2018-19

Ashoka Buildcon: Company received Letter of Acceptance by Rail Vikas Nigam Limited, for the project in connection with 3rd Line from Sonnagar to Garhwa Road in Dhanbad Division of East Central Railway, Bihar and Jharkhand in 2 packages. The aggregate accepted bid value of the project is Rs 794.20 crore.

Escorts: Company has executed the business transfer agreement for transferring the existing RT crane business of the company as a going concern on a slump sale basis to the JV (with Tadano Limited, Japan) for an amount not exceeding Rs 35 crore.

United Breweries: Steven Bosch, Director and Chief Financial Officer of the company tendered resignation.

Mangalam Drugs & Organics: Unit-1 facility was recently inspected by WHO prequalification team and the company has received the WHO Pre-qualification approval for Unit-1.

Punjab and Sind Bank board meeting on December 12, 2018 to consider issue of equity shares by way of QIP upto an amount of Rs 500 crore

IL&FS Engineering and Construction Company: Ganapathi Ramachandran, Non-Executive Independent Director of the company tendered resignation from the directorship of the company.

Tamil Nadu Newsprint & Papers: ICRA reaffirmed A (Negative) rating for fund based term loan worth Rs 1,858 crore.

Bank of Baroda issues Basel III Compliant Tier II Bonds worth Rs 971.50 crore on private placement basis

IFCI Q2: Standalone loss at Rs 16.55 crore versus loss at Rs 293.65 crore; revenue at Rs 432.94 crore versus Rs 763.50 crore YoY.

Brigade Enterprises: Brigade Group announces the launch of Parkside- Independent living for seniors, across Bangalore.

Vodafone Idea - Brickwork has revised NCD rating to BWR AA- (outlook negative) from BWR AA

Essel Propack: Company issued commercial papers for Rs 50 crore.

Seamec: Company entered into a Charter Party with Supreme Hydro Engineering Pvt Ltd for charter hire of vessel 'Seamec Princess' for working at Mumbai High Offshore. The tenure of the contract is for a firm period of 150 days with option for extension. The value of Charter during firm period is $3.08 million.

VXL Instruments: Board appointed Kishan S Rao as the Chief Financial Officer (CFO) of the company.

Pritish Nandy Communications: Company announced the launch of the first season of its 10 episode Amazon Original show 'Four More Shots Please' to be streamed on Amazon Prime from January 25 2019.

Arrow Greentech: Subsidiary Avery Pharmaceuticals Private Limited (Arrow Rx) received an approval for site plan to manufacture Mouth Dissolving Strips from Food & Drugs Control Administration (FDA}.

Uflex: Company has entered into an agreement to acquire 100 percent shares of Flex Chemicals Private Limited, Russia.

Capital India Finance: Board approved the issue of upto 3,45,48,560 equity shares at an issue price of Rs 72 per share, on rights basis, aggregating up to Rs 248.75 crore; and fixed rights entitlement ratio at 4:5.

Precision Camshafts: Mahesh A Kulkarni, Company Secretary and Compliance officer of the company has resigned from the company.

Pritika Auto Industries: Board approved to increase in the limit of investment by foreign institutional investors (FIls) and non resident individuals (NRIs') in the company's equity share capital.

Bulk Deals on December 7

Punj Lloyd: IFCI further sold 23,67,024 equity shares of the company at Rs 4.52 per share on the NSE.

Texmaco Rail: Aequitas Investment Consultancy Private Limited - PMS purchased 34,04,200 shares of the company at Rs 51 per share. However, Equity Intelligence India sold 17,80,364 shares at Rs 51.01 per share and Equity Intelligence India Private Limited [PMS] sold 11,45,241 shares at Rs 51.02 per share.

Sandhar Technologies: Company's officials will be meeting SPA Capital Services on December 11.

Gopal Iron & Steels: Board meeting is scheduled on December 15 to consider sale of asset of the company.

Gallantt Metal: Extraordinary General Meeting to be held on January 4, 2019.

Asian Granito India: Extraordinary General Meeting will be held on January 3, 2019.

Indian Oil Corporation: Board meeting is scheduled on December 13 to consider buyback of the fully paid-up equity shares of the company and declaration of interim dividend for the financial year 2018-19.

Titan Company: Company's officials will be meeting fund houses or insurance firms on December 10, 12 and 14.

Shriram City Union Finance: Company's officials will be meeting analysts/institutional investors/brokers on December 10, 11, 12 and 13.

Infosys: Mohit Joshi - President & Head, Banking, Financial Services & Insurance (BFSI), Healthcare and Life Sciences; Head Infosys Brazil and Infosys Mexico and Jayesh Sanghrajka - Interim CFO will participate in a Non-Deal Roadshow in London on December 10 and 11.

Globus Spirits: Company's officials will be meeting LIC Mutual Fund, New Horizon Investments, ICICI Prudential Asset Management, Edelweiss Securities on December 10.

IIFL Holdings: Company's officials will be meeting Southeastern Asset Management on December 10.

HEG: Few Analysts/Investors are visiting the company's plant at Mandideep, Madhya Pradesh on December 10.

Bhansali Engineering Polymers: Jayesh Bhansali - Executive Director cum CFO of the company would meet the analyst/Institutional investor(s) in a conference arranged by Ambit Capital Pvt. Ltd., on December 10.

Supreme Infrastructure India: 35th Annual General Meeting of the company is scheduled to be held on December 31.

Lesha Industries: Board meeting is scheduled on December 26 to consider the sub division/ split of equity shares of the company.

Alembic Pharmaceuticals: Meeting of the NCD Committee of the Company will be held on December 14 to consider the issue and allotment of Unsecured Listed Redeemable Non-Convertible Debentures (NCDs) of upto Rs 350 crore on private placement basis.

Punjab & Sind Bank: Board meeting is scheduled to be held on December 12 to consider issue of equity shares by way of QIP upto an amount of Rs 500 crore.

Finolex Industries: Company's officials will be meeting Ventura Securities on December 10.

PPAP Automotive: Company's officials will be attending conference of analysts and investors organised by Ambit Capital on December 10.

Shoppers Stop: Company's officials will be meeting Martin Lau, Managing Partner and Vinay Agarwal, Director of First State Stewart Asia, on December 11; Anand Shah, Sr. VP Consumer of Axis Capital - Institutional Equities on December 12, Nikhil Desai and Rushabh Sheth, Directors of Karma Capital, Harsh Shah of CGS-CIMB Securities (India) Pvt. Ltd. on December 12.

Panyam Cements & Mineral Industries: 62nd Annual General Meeting of the company is to be held on December 31.

RCL Retail: Eighth Annual General Meeting of the company is scheduled to be held on December 29.

https://www .moneycontrol.com/news/business/markets/stocks-in-the-news-axis-bank-ioc-ashoka-buildcon-uflex-texmaco-rail-mangalam-drugs-3269681.html

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Year-end bonanza? These 25 stocks are trading below their 5-year avg PE

The general rule is that when a stock is trading below its 5-year PE, it usually indicates sluggish movement in price, which is further linked to earnings potential

The Indian market rebounded in November after having corrected significantly in September and October. The bounceback helped Sensex reclaim 36,000 and pushed Nifty over 10,900, but there is still plenty of action that one can expect from individual stocks.

Half the stocks in the Nifty are trading below their 5-year average price/earnings multiple, which suggests there is still some value left in them.

Stocks that are trading below their 5-year average PE include Bajaj Finserv, HPCL, Eicher Motors, JSW Steel, Indiabulls Housing Finance, HCL Technologies, GAIL India, Infosys, Hero MotoCorp, Bajaj Auto, Cipla, and NTPC, among others.

As many as 9 of these 25 stocks more than doubled investors' wealth in the last five years -- Yes Bank, HDFC, IOC, BPCL, Indiabulls Housing Finance, JSW Steel, Eicher Motors, HPCL, and Bajaj Finserv.

PE ratio or PE multiple is a widely-used valuation tool that helps in screening a stock on a relative basis.

The stock market has remained volatile for most of 2018, despite Nifty climbing to a record high of 11,760 earlier this year. The rise in the index was supported by a handful of stocks, as others lacked momentum.

Both Sensex and Nifty slipped after hitting record highs, but the pain was much worse in small and mid-cap indices, which saw double-digit falls from their respective highs.

The BSE Midcap index has slipped 17 percent this year, while the BSE Smallcap index has fallen 28 percent. In comparison, the Sensex is down just 7 percent from its 2018 high.

The Nifty recovered a bit in November, but only a few names were responsible for it. But it is a known truth that consolidation offers an opportunity to buy quality names that are currently trading below their 5-year average PE.

Generally, when a company is trading below its 5-year average PE, it is perceived to be undervalued. But to qualify as a stock worth buying, it should be backed by superiority in business fundamentals, experts suggest.

But, is the valuation methodology enough for investors to hit the buy button? Well, maybe not, suggest experts. The general rule is that when a stock is trading below its 5-year PE, it usually indicates sluggish movement in price, which is further linked to earnings potential.

“The PE multiple is a derivation of factors like earnings growth, operating margin, the fundamental outlook of the company prevailing in the market that decides a future prospectus,” Dinesh Rohira, Founder & CEO, 5nance.com told Moneycontrol.

“In general, it indicates the stock is not able to garner earnings potential or company is at bad phase on fundamentally. When there is no earnings visibility, investors will be unwilling to pay price or premium for such a company that in turn halts the stock price,” he said.

Rohira further added that to get a clear understanding, an investor should compare PE of a company with its peers. One should not take PE at its face value.

To make an investment call, it requires a holistic approach and disciplined study from investors which usually boils down to fundamental aspects of a company. Although, most of the stocks which are trading below their 5-year average have also corrected in double digits from their highs but investors should do their own research before pressing the buy button.

We believe PE should not be looked in isolation, Atish Matlawala, Sr Analyst, SSJ Finance & Securities said. A company with higher growth potential could see increase buying from investors which could in turn boost PE multiple of the stock, but the trouble is many of these companies may not grow at the same pace as they grew in the last five years, he explained.

“Sector like NBFC and auto may see their growth taper down as the cost of funds increases. Having said that there are few companies which we believe can give better returns in the medium to long-term perspective. These companies are HCL Technologies, Infosys, HDFC, Tata Steel and Vedanta,” Matlawala said.

He added that average PE will decline with declining growth prospects. It is therefore important to look at PEG ratio to make investment decisions. For the metal sector, one must look at EV/EBITDA ratio to select companies.

Source: https://www. moneycontrol.com/news/business/markets/year-end-bonanza-these-25-stocks-are-trading-below-their-5-year-avg-pe-3245121.html 

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Technical Views | Top buy & sell ideas by Ashwani Gujral, Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com suggests buying L&T Finance Holdings with stop loss at Rs 137 and target of Rs 142, ICICI Bank with stop loss at Rs 353 and target of Rs 363 and TCS with stop loss at Rs 1950 and target of Rs 2030.

The firm Asian cues and buying in technology stocks helped the market close higher on November 28 but the Nifty50's failure to hold on to its 200-DMA due to profit booking at higher levels indicated that traders turned cautious ahead of expiry of November futures & options contracts on November 30.

The 30-share BSE Sensex was up 203.81 points at 35,716.95 and the 50-share NSE Nifty rose 43.30 points to 10,728.90, but the broader markets underperformed frontliners with the Nifty Midcap index falling nearly a percent on weak breadth.

About three shares declined for every share rising on the NSE. The Nifty IT index rallied 2.9 percent while other major sectoral indices either closed flat or in a negative terrain.

The profit booking at higher levels, and selling & muted trade in major sectors indicated that the market internal picture remained very weak, experts said, adding one can avoid creating fresh longs.

According to Pivot charts, the key support level is placed at 10,699.8, followed by 10,670.8. If the index starts moving upwards, key resistance levels to watch out are 10,757.8 and then 10,786.8.

The Nifty Bank index closed at 26,457.95, up 14.85 points on Wednesday. The important Pivot level, which will act as crucial support for the index, is placed at 26,390.1, followed by 26,322.3. On the upside, key resistance levels are placed at 26,555.3, followed by 26,652.7.

Ashwani Gujral of ashwanigujral.com

Buy IndusInd Bank with a stop loss of Rs 1600, target of Rs 1665

Buy L&T Finance Holdings with a stop loss of Rs 136, target of Rs 148

Buy HDFC with a stop loss of Rs 1900, target of Rs 2010

Buy Mindtree with a stop loss of Rs 865, target of Rs 900

Buy Apollo Tyres with a stop loss of Rs 230, target of Rs 245

Sudarshan Sukhani of s2analytics.com

Buy L&T Finance Holdings with stop loss at Rs 137 and target of Rs 142

Buy ICICI Bank with stop loss at Rs 353 and target of Rs 363

Buy TCS with stop loss at Rs 1950 and target of Rs 2030

Buy Dabur India with stop loss at Rs 405 and target of Rs 425

Buy HDFC Bank with stop loss at Rs 2070 and target of Rs 2150

Mitessh Thakkar of mitesshthakkar.com

Buy Havells India with a stop loss of Rs 662 and target of Rs 685

Buy ICICI Bank with a stop loss of Rs 354 and target of Rs 374

Buy L&T Finance Holdings with a stop loss of Rs 135.5 and target of Rs 145

Buy Reliance Industries with a stop loss of Rs 1139 and target of Rs 1184

Source:  https://www.moneycontrol.com/news/business/markets/technical-views-top-buy-sell-ideas-by-ashwani-gujral-sudarshan-sukhani-mitessh-thakkar-for-short-term-3-3232091.html

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MCX SUPPORT & RESISTANCE LEVEL By TradeIndia Research Date 14-Nov-2018.

MCX Free Tips

MCX SUPPORT & RESISTANCE LEVEL



GOLD DEC FUTURE

R2–30900
R1-30800
S1-31600
S2-30500






SILVER DEC FUTURE

R2 –36600
R1- 36400
S1-36000
S2-35800




CRUDE OIL NOV FUTURE

R2 –4060
R1-4030
S1-3970
S2-3950




COPPER NOV FUTURE

R2 –433
R1-430.50
S1-425.50
S2-423

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MCX SUPPORT & RESISTANCE LEVEL

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MCX SUPPORT & RESISTANCE LEVEL



GOLD DEC FUTURE

R2–32300
R1-32200
S1-31900
S2-31800






SILVER DEC FUTURE

R2 –39350
R1- 39150
S1-38750
S2-38550


CRUDE OIL NOV FUTURE

R2 –4930
R1-4900
S1-4840
S2-4810



COPPER NOV FUTURE

R2 –449
R1-446.50
S1-442.50
S2-440

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MCX SUPPORT & RESISTANCE LEVEL Update By TradeIndia Research

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MCX SUPPORT & RESISTANCE LEVEL



GOLD DEC FUTURE

R2–32150
R1-32050
S1-31850
S2-31750






SILVER DEC FUTURE

R2 –39200
R1- 39000
S1-38600
S2-38600


CRUDE OIL OCT FUTURE

R2 –5170
R1-5140
S1-5070
S2-5040




COPPER NOV FUTURE

R2 –460
R1-457.50
S1-452.50
S2-450

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MCX SUPPORT & RESISTANCE LEVEL By TradeIndai Research Date 17/10/2018

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MCX SUPPORT & RESISTANCE LEVEL




GOLD DEC FUTURE

R2–32000
R1-31900
S1-31700
S2-31600





SILVER DEC FUTURE

R2 –39200
R1- 39000
S1-38600
S2-38400


CRUDE OIL OCT FUTURE

R2 –5360
R1-5330
S1-5270
S2-5240



COPPER NOV FUTURE

R2 –458
R1-455.50
S1-449.50
S2-447

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MCX SUPPORT & RESISTANCE LEVEL Update By TradeIndia Research.

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MCX SUPPORT & RESISTANCE LEVEL


GOLD OCT FUTURE

R2–31550
R1-31450
S1-31250
S2-31150






SILVER DEC FUTURE

R2 –39100
R1- 38900
S1-38500
S2-38300


CRUDE OIL SEP FUTURE

R2 –5610
R1-5580
S1-5520
S2-5490



COPPER AUG FUTURE

R2 –468
R1-465.50
S1-460.50
S2-458

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Stock Market Live: बाजार में सुधार, सेंसेक्स 250 अंक मजबूत, निफ्टी 10350 के पार, RIL में 5% तेजी

Stock Market: सेंसेक्स 36 अंक चढ़कर 34,412 और निफ्टी 6 अंक गिरकर 10,310 के स्तर पर खुला।

नई दिल्ली।  Stock Market: शुरुआती गिरावट के बाद भारतीय शेयर बाजार में रिकवरी आई है। ऑयल एंड गैस, बैंकिंग, एफएमसीजी शेयरों में खरीददारी से सेंसेक्स निचले स्तर से 300 अंकों से ज्यादा सुधरा है। वहीं निफ्टी एक बार फिर 10,300 के पार निकल गया है। RIL, एसबीआई, ICICI बैंक, ओएनजीसी, यस बैंक में बढ़त से बाजार को सपोर्ट मिला है। हालांकि वेदांता, एचडीएफसी, टीसीएस, आईटीसी, एचडीएफसी बैंक, मारुति, सन फार्मा में बिकवाली से बाजार पर दबाव है।

मिडकैप और स्मॉलकैप भी गिरे

लार्जकैप शेयरों के साथ ही मिडकैप और स्मॉलकैप शेयरों में भी कमजोरी नजर आ रही है। बीएसई का मिडकैप इंडेक्स 1.50 फीसदी गिरा है जबकि निफ्टी मिडकैप 100 इंडेक्स 1.60 फीसदी कमजोर हुआ है। बीएसई का स्मॉलकैप इंडेक्स 1.28 फीसदी गिरा है।

किन शेयरों में तेजी, किनमें गिरावट

कारोबार के दौरान यस बैंक, ओएनजीसी, एसबीआई, कोल इंडिया, कोटक बैंक, रिलायंस इंडस्ट्रीज, आईसीआईसीआई बैंक, एशियन पेंट्स, एक्सिस बैंक में बढ़त है। हालांकि वेदांता, विप्रो, एचडीएफसी, टीसीएस, आईटीसी, एचयूएल, इंफोसिस, सन फार्मा, बजाज ऑटो और मारुति गिरा है।

निफ्टी पर सेक्टोरल इंडेक्स 11 में से 8 इंडेक्स गिरे

मेटल, ऑटो, एफएमसीजी, आईटी और फार्मा शेयरों में बिकवाली से बाजार पर दबाव देखने को मिल रहा है। निफ्टी का मेटल इंडेक्स 2.6 फीसदी टूट गया है, जबकि निफ्टी के आईटी इंडेक्स में 1.18 फीसदी और ऑटो इंडेक्स में 1.31 फीसदी की गिरावट दर्ज की गई है। हालांकि बैंक निफ्टी 0.33 फीसदी की बढ़त के साथ 24,524.50 के स्तर पर कारोबार कर रहा है। वहीं पीएसयू बैंक इंडेक्स 0.43 फीसदी और प्राइवेट बैंक इंडेक्स में 0.31 फीसदी की तेजी है।

FPI ने सिर्फ 4 दिन में 9300 करोड़ रुपए निकाले

फॉरेन पोर्टफोलियो इन्वेस्टर्स (FPIs) ने पिछले चार ट्रेडिंग सेशन में इंडियन कैपिटल मार्केट से 9,300 करोड़ रुपए (130 करोड़ डॉलर) निकाले। FPI की ओर से निकासी की अहम वजह क्रूड की कीमतों में तेजी और रुपए में गिरावट रही। इससे पहले पिछले महीने विदेशी निवेशकों ने शेयर और डेट मार्केट से 21,000 करोड़ रुपए से अधिक की निकासी की। इससे पहले जुलाई-अगस्त के दौरान निवेशकों ने 7,400 करोड़ रुपए का निवेश किया था। 

Source:  https://money.bhaskar.com/news/MON-MARK-STMF-MRKT-stock-market-live-update-on-8-october-2018-monday-5966990-NOR.html?ref=ht

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