Tuesday, 30 July 2019

TCS Call Given on 29 - Aug Skyrocketed Today........Still Holding What to do??



Yesterday ( 29-Aug)  we had given a call to Buy TCS  Future  (29-Aug) around 2135--2130 for the target of 2170--2200........

Look at the call as Today it made a high of 2185 and now trading at 2178

Patience wins the trade.......

We made profit of Rs 10000   on 1  Lot........Even in such volatile market in a bull call......

We Believe in our Research......

Hope You Minted Profit.

This call was given free on our blog and in Our whatsapp group.

WE ARE STILL HOLDING FOR TARGET OF 2200....ARE YOU???

Still Looking for trade or confused!!..............Don't Worry Join Our Team......

KEEP TRADING FOR FREE>Just Click on  link below


or

 E-Mail Us at indianmarketpulse@gmail.com

OR

 JOIN OUR WHATSAPP FREE TRADING TIPS GROUP 



MORE WILL UPDATE SOON!!

Our Intraday LIC Hosuing Finance call Hit Target in such volatile market----BULLS EYE



Today we had given a call to Sell LIC Housing  Future  (29-Aug) around 520 for the target of 511--505 ........

Look at the call as Today it made a low of  507.90 and now trading at 510.50

Patience wins the trade.......

We made profit of Rs  11000 on 1  Lot........


Hope You Minted Profit.

This call was given free on our blog and in Our whatsapp group.

WE ARE STILL HOLDING FOR TARGET OF 505....ARE YOU???

Still Looking for trade or confused!!..............Don't Worry Join Our Team......

KEEP TRADING FOR FREE>Just Click on  link below


or

 E-Mail Us at indianmarketpulse@gmail.com

OR

 JOIN OUR WHATSAPP FREE TRADING TIPS GROUP 



MORE WILL UPDATE SOON!!

OUR INTRADAY--Tech Mahindra Future call proved fruitful:

 
Today we had given a call to Sell Tech Mahindra  Future  (29-Aug) around 645 for the target of 637--635+ ........

Look at the call as Today it made a low of  635.80  and now trading at 638

Patience wins the trade.......

We made profit of Rs  12000 on 1  Lot........in Just 30 MINS

This call was also given in cash segment also..

Hope You Minted Profit.

This call was given free on our blog and also along with chart analysis and all technical levels.


Still Looking for trade or confused!!..............Don't Worry Join Our Team......

KEEP TRADING FOR FREE>Just Click on  link below


or

 E-Mail Us at indianmarketpulse@gmail.com

OR

 JOIN OUR WHATSAPP FREE TRADING TIPS GROUP 



MORE WILL UPDATE SOON!!

30th July Strategy

Market View: Nifty finds support around 11150, while 11350 will act as resistance. Bank Nifty finds support around 29000, while 29500 will act as resistance on the upside.

30th July Strategy:

Global: Neutral
FII: Negative
DII: Positive
F&O: Neutral
‪Sentiment: Negative
Trend: Negative 

Nifty 11200 BankNifty 29300 Important level
11150-11250 small day range, Medium range 11100-11300

BankNifty 29200-29500 small day range, Medium range 29100-29600, Bigger range 28950-29750

For Existing Long Positions:
Nifty intraday SL 11150 n closing 11200

BankNifty intraday SL 29100 n closing SL 28950

For Existing Short Positions:
Nifty intraday n Closing SL 11300

BankNifty intraday SL 29600 n Closing 29400

For New Positions:
Sell Nifty in 11275-11300 range:
SL 11350 Tgt 11250, 11225, 11200

Buy Nifty:
SL 11150 Tgt 11250, 11275

Sell BankNifty in 29500-29600 range:
SL 29775 TGT 29375, 29200

Buy BankNifty in 29000-29100 range:
SL 28900 TGT 29200, 29325, 29375

RESULT ESTIMATION:

Axis Bank consensus expectations for Q1FY20E:

NII – Rs5,916cr, up by 14.5% yoy and 3.7% qoq, due to better credit growth aided by corporate & retail segments and stable NIMs.
PPOP – Rs5,099cr, up by 16.6% yoy and 1.7% qoq, due to higher NII and other income.
PAT – Rs1,745cr, up by 148.9% yoy and 15.9% qoq, due to higher PPOP.
Tech Mahindra consensus estimates for Q1FY20E:

Revenue – Rs 8,733cr, down 1.8% qoq on sluggishness in Enterprise vertical (weak BFSI and manufacturing), soft telecom vertical and on seasonal weakness in Comviva.
EBIT – Rs1,162cr, down 15.1% qoq, due to reversal of Comviva tailwinds, wage revisions, visa cost and currency movement.
EBIT Margin – 13.3%, contraction of 208bps qoq.
PAT – Rs981cr, down 13.4% qoq

BUZZ:

Cafe Coffee Day founder VG Siddhartha missing in Mangaluru; Stock tanks 20%.

Strides Pharma arm entered JV with China’s Sihuan Pharma.

Dr. Reddy’s Labs board approved amalgamation with promoter group-held co. Dr. Reddy’s Holdings. The holdings company holds 24.88% stake in the pharmaceuticals company.

Insecticides India received patent for concentrate formulation for 20 years.

BEML has commenced manufacturing metro cars for Mumbai Metro project.

Coal India sold 1.7% stake in the company via CPSE ETF. After this deal the government has 69.26 percent stake in the company.

Muthoot Finance stopped fresh gold loan advance temporarily in some branches from July 25-27 to moderate gold loan growth due to high gold prices. Fresh advances have resumed from July 29.

IOC has made alternate arrangements for sourcing oil to maintain supplies after US sanctions on Iran.

Kansai Nerolac board approved merger of three arms with self. 

Results today: Axis Bank, Bank of India, Dish TV, Gujarat Gas, Hero MotoCorp, NMDC, PNB Housing, Repro India, Shoppers Stop, Tech Mahindra, United Bank of India, VIP Industries.

MORE WILL UPDATE SOON!!

Stock picks of the day: Nifty could see a bounce back; Sun TV, Dr Reddy’s Labs top buys

Considering Friday’s action, a possibility of some relief in the forthcoming week cannot be ruled out. In this scenario, 11,350 – 11,450 can be retested.

 Image result for Nifty

Market participants were completely dejected with the Budget, and this clearly reflected in the price action thereafter in the week gone by.
The overall chart structure looks distorted and hence, till the time we are below 11,550 – 11,700, the bears remain in the dominating position.
As far as supports are concerned, 11,200 seems to have earned some respect and below which we can see a sheet anchor support of ‘200-day SMA’ which now coincides with May's low of 11,108.30.
Considering the action on July 26, a possibility of some relief in the forthcoming week cannot be ruled out. In this scenario, 11,350 – 11,450 can be retested.
But, as highlighted above, one needs to be agile and should probably take some profit off the table at least on momentum trades.
In the forthcoming week, we expect stock-specific action to continue and should ideally avoid aggressive positions. We reiterate that the ongoing decline provides excellent opportunity to grab some of the marquee names that saw gravity-defying moves for a year and are finally undergoing some price correction.
Here is a list of top two stocks which could give up to 8 percent returns in the next three to four weeks:
Sun TV Network: Buy| LTP: Rs 491.05| Target: Rs 530| Stop Loss: Rs 469| Upside 8 percent
Media stocks displayed tremendous resilience in the recent broader market destruction. This stock too attracted strong buying interest around its multi-year support lows of Rs 455 – 450.
On July 26, we finally witnessed the first sign of revival as the stock prices surpassed recent hurdle of Rs 480 on a closing basis. Also, we have been observing a positive divergence in ‘RSI-Smoothened’ oscillator on the weekly chart since the last couple of weeks.
The daily, as well as weekly charts, look so encouraging and hence, we expect a decent in coming days.
Hence, we recommend buying this counter for a target of Rs 530 and the stop loss should be fixed at Rs 469.
Dr Reddy’s Laboratories: Buy| LTP: Rs 2704.95| Target: Rs 2,780| Stop Loss: Rs 2,615| Upside 3 percent
The entire pharmaceutical space was bucking the trend throughout this week, and in fact, some marquee names within this space had a stupendous run since last few days.
On July 26, we witnessed a breakout from the cluster of resistances for this counter and with this; the daily chart exhibits a breakout from the ‘Bullish Cup and Handle’ pattern.
Considering this development, we expect some catching up from this stock in days to come. Thus, traders can look to initiate longs on declines around Rs 2,675 for a target of Rs 2,780 and the stop loss should be fixed at Rs 2,615.
MORE WILL UPDATE SOON!!

Stock picks of the day: Nifty likely to hover within 11,100-11,500 levels this week

The trend reversal in the index is not going to be easy this time as disappointment from the earnings has spread over the index majors as well.

  Image result for buying ideas stock

Markets edged lower for the third successive week and lost over a percent. The sentiment was downbeat from the beginning, citing weak progress of monsoon and disappointing earnings so far.

week is going to be data-heavy, with the IIP and Market Manufacturing PMI data scheduled on July 31 and August 01 respectively.
Besides, auto and cement companies will announce their monthly sales figures. Further, the progress of monsoon, FPI flow, crude oil movement and global market cues will also be closely watched.
We expect continuous buzz on the earnings front as prominent names such as Axis Bank, Hero MotoCorp, Ashok Leyland, Eicher Motors, IOC, Bharti Airtel, ITC and SBI among others announce their results during the week.
We feel that the trend reversal in the index is not going to be easy this time as disappointment from the earnings has spread over to the index majors as well.
However, we may see some intermediate rebound due to recovery in oversold counters and selective buying in the index heavyweights. We expect Nifty to hover within the 11,100-11,500 zone next week.
Select private banks, financials and infra stocks should be preferred over others for long trades while metals, realty and IT may continue to trade mixed.
Here is a list of top three stocks which could give 4-8 percent return in the next three to four weeks:
HDFC Bank: Buy| Target: Rs 2,340| Stop-Loss: Rs 2,200| Upside 4.2 percent
In line with the others, HDFC Bank has witnessed a decent correction from its record high and tested its crucial support zone of the long-term moving average (200-EMA) on the daily chart of late.
Indications are in favour of some consolidation around the current levels, followed by a steady recovery. We advise accumulating within the given range of Rs 2,235-2,245. It closed at Rs 2,244.30 on July 29, 2019.
Hindalco Industries: Sell Futures| Target: Rs 180| Stop-Loss: Rs 200| Downside 6.7 percent

Unlike the other metal counters, Hindalco has been holding strong. However, it is trading on the verge of a breakdown from a narrow range to rejoin the broader trend seen in the market.
The continuous fall in the metal index is added negative. We advise initiating fresh shorts as per the mentioned levels of Rs 193-195. It closed at Rs 191.90 on July 29, 2019.
Vedanta: Sell Futures| Target: Rs 145| Stop-Loss: Rs 165| Downside 8.2 percent
Metal stocks are trading under pressure and Vedanta is also trading in tandem with the others. It has witnessed a fresh breakdown from a consolidation pattern on Monday i.e. July 29 and likely to fresh fall ahead.
We advise creating fresh shorts as per the mentioned range of Rs 158-160. It closed at Rs 156.20 on July 29, 2019.
 MORE WILL UPDATE SOON!!

Top buy and sell ideas

Market started the week on a negative note as benchmark indices ended lower on July 29 with Nifty falling below the crucial 11,200 level on the back of selling in auto, metal and infra stocks.
Image result for buying ideas stock
At close, the Sensex was down 196.42 points to close at 37,686.37, while Nifty fell 95.10 points to 11,189.20, forming a large bearish candle on the daily charts.
The relentless bearish sentiment indicated that the trend is still in favour of bears and the next crucial level to watch out for would be 11,100, experts said.
According to the pivot charts, the key support level is placed at 11,124.07, followed by 11,058.93. If the index starts moving upward, the key resistance levels to watch for out are 11,282.67 and 11,376.13.
The Nifty Bank closed at 29,295.9, down by 29.40 points on July 29. The important pivot level, which will act as crucial support for the index, is placed at 29,069.5, followed by 28,843.1. On the upside, key resistance levels are placed at 29,557.6, and 29,819.3.
 Top market experts recommend which stocks to bet on for good returns:
IDEAS:
Sell Arvind with a stop loss of Rs 56, target of Rs 48
Sell Bharat Electronics with a stop loss of Rs 96, target of Rs 84
Buy IndusInd Bank with a stop loss of Rs 1420, target of Rs 1465
Buy Tata Consultancy Services with a stop loss of Rs 2120, target of Rs 2165
Sell Indiabulls Housing Finance with a stop loss of Rs 570, target of Rs 540
Buy Amara Raja Batteries with stop loss of Rs 640 and target of Rs 670
Buy Mindtree with stop loss at Rs 688 and target of Rs 740
Sell Tata Motors with stop loss at Rs 143 and target of Rs 133
Sell Indiabulls Housing Finance with stop loss at Rs 570 and target of Rs 540
Buy ICICI Bank with a stop loss of Rs 424 and target of Rs 440
Buy Pidilite Industries with a stop loss of Rs 1224 and target of Rs 1270
Sell JSW Steel around Rs 243 with stop loss of Rs 248.5 and target of Rs 232
Sell Tata Chemicals with a stop loss of Rs 592 and target of Rs 555
MORE WILL UPDATE SOON!!

A morning walk down Dalal Street | Pullback rally possible if Nifty closes decisively above 11,300

Apart from persistent selling by FIIs, muted corporate earnings growth from India Inc., concerns over a slowdown in the Indian economy, below-normal monsoon, trade talks as well as geopolitical concerns weighed on sentiment.

Image result for Nifty

The persistent selling by foreign institutional investors (FIIs) on D-Street pulled the benchmark indices below their respective support levels in the week gone by.
FIIs pulled out more than Rs 7,000 crore from the cash segment of Indian equity markets while, for the month, they have pulled out more than Rs 14,000 crore.
The S&P BSE Sensex failed to hold on to 38,000, while the Nifty50 closed below 11,300 levels for the week that ended on July 26.
Apart from persistent selling by FIIs, muted corporate earnings growth from India Inc, concerns over a slowdown in the Indian economy, below-normal monsoon, trade talks, as well as geopolitical concerns weighed on sentiment.
The S&P BSE Sensex lost 1.19 percent, while the Nifty50 saw a dip of 1.18 percent for the week that ended on July 26. But the bigger fall was seen in the broader market. The S&P BSE Smallcap index dropped 1.88 percent, while the S&P BSE Midcap index closed lower by 1.58 percent.
As many as 29 stocks in the S&P BSE 500 index fell 10-20 percent, which include names like Jet Airways, Vinati Organics, GRUF Finance, VIP Industries, CARE Ratings, Vodafone Idea, Bajaj Electricals, Mcleod Russel, and Cox & Kings, etc. among others.
The rupee rose by 15 paise on July 26 to close at 68.89 against the US currency, snapping its four days of losses following a recovery in the domestic equity market.
On the institutional front, foregin portfolio investors (FPIs) were net sellers in the cash segment of Indian equity markets for Rs 1503 crore, while the domestic institutional investors (DIIs) were net buyers to the tune of Rs 1917 crore, according to provisional data.
Big News:
As many as 72 stocks will declare their results for the quarter that ended on June 2019, which include names like Castrol India, Cochin Shipyard, Dr Reddy's, DLF, Orient Cement, Sanofi India, SPARC, Tata Sponge, and Bank of Maharashtra.
Dr Reddy's: PAT likely to fall by 7 percent YoY
Sanofi India: PAT likely to grow by 3 percent YoY
Strides Pharma: PAT likely to grow by 3500 percent YoY
(All the estimates are from Motilal Oswal)
Technical View:
The Nifty firmed a bullish candle on the daily charts and it formed a bearish candle, the third time in a row, on a weekly basis.
The positive close is a good thing as the bulls managed to take charge of Dalal Street after many days, but a pullback rally is only possible if the index closes decisively above 11,300 level, experts feel.
The initial targets for the rally continues to be around 11,400 while on the downside supports are seen at 11,210, 11100 levels
Three levels: 11,210, 11,307, 11,400
Max Call OI: 12,000, 11,500
Max Put OI: 11,000, 11,200
Stocks in news:
ICICI Bank: The country's largest private sector lender, ICICI Bank, posted a profit of Rs 1,908 crore in June quarter (Q1) over lower provisioning and healthy NII growth. It was against a loss of Rs 119.55 crore reported in the year-ago period.
Electrical equipment manufacturer Havells India, on July 27, reported a 16.3 percent year-on-year (YoY) decline in June quarter consolidated profit on muted growth in key segments like cables, lighting and switchgears.
Auto stocks will be in focus after the GST Council has decided to reduce the rate on electric vehicles (EVs) from 12 percent to 5 percent, according to a CNBC-TV 18 report.
Technical Recommendations:
We spoke to Angel Broking and here’s what they have to recommend:
SUN TV: Buy| LTP: Rs 491.05| Target: Rs 530| Stop Loss: Rs 469| Upside 8 percent
Dr Reddy’s Laboratories: Buy| LTP: Rs 2,704.95| Target: Rs 2,780| Stop Loss: Rs 2,615| Upside 3 percent
MORE WILL UPDATE SOON!!

Rupee opens flat at 68.75 per dollar

On July 29 the Indian rupee has recovered from the low and ended 14 paise higher at 68.73 against the US currency amid easing crude oil prices.

Image result for rupee

The Indian rupee opened flat at 68.75  per dollar on Tuesday versus previous close 68.73.
On July 29 the Indian rupee has recovered from the low and ended 14 paise higher at 68.73 against the US currency amid easing crude oil prices.

MORE WILL UPDATE SOON!!

Market Live: Nifty above 11,250, Sensex up 250 pts; Coffee Day Enterprises sheds 20%

Trends on SGX Nifty indicate a flat start for the broader indices in India.


Image result for dalal street
Buzzing: Share price of Strides Pharma Science rose 10 percent on July 30 after company reported profit in the June quarter results and entered in to joint venture with a Chinese firm.

Coffee Day Enterprises sheds 20% after founder goes missing: Shares of Coffee Day Enterprises shed 20 percent in the early trade on July 30 after Cafe Coffee Day founder VG Siddhartha was reported missing since the night of July 29.

Results Today: Axis Bank, Hero MotoCorp, Tech Mahindra, Bank of India, PNB Housing Finance, Piramal Enterprises, Dish TV, New Delhi Television, GRP, Repro India, Sumeet Industries, TCI Express, Chemfab Alkalis, TCI Developers, Andhra Cements, Kalpataru Power Transmission, VIP Industries, Aegis Logistics, Gulf Oil Lubricants, Vinati Organics, Shoppers Stop, Solar Industries, Prism Johnson, United Bank of India, Vaibhav Global, Cholamandalam Investment, NOCIL, PTL Enterprises, Spice Mobility, Balkrishna Paper Mills, Super Spinning Mills, R Systems International, Gujarat Gas, Mangalore Refinery and Petrochemicals, Swaraj Engines, NMDC, RPG Life Sciences, Granules India, Welspun India, HeidelbergCement India, Fertilizers and Chemicals Travancore, Orient Electric, EIH Associated Hotels.

MORE WILL UPDATE SOON!!

Monday, 29 July 2019

IndianMarketPulse Wins against Bear today in a Buy call........

IndianMarketPulse Wins against Bear today in a Buy call........

Still Confused to Join our Team .......

Don't Worry.....

Look at the call we had given today.....

We had Given a call to Buy ZeeL 380 CE (Option 29-Aug) at a premium around 18--15 for the target of 25--30+  With a stop loss of 12.0....

Our called proved fruitful even in bear market and we minted profit......It Made a high of 36 AND NOW TRADING AT 33...... 

Profit of Rs 15600 in  Lot...............

We Believe in sound research and hope you minted profit in this call.....

This call was given free in our blog.......




MORE WILL UPDATE SOON!!


Technical View:29th July Strategy:

29th July Strategy:

Global: Neutral
FII: Negative
DII: Positive
F&O: Neutral
‪Sentiment: Cautious
Trend: Negative

Nifty 11225-11350 small day range,    Medium range 11200-11400

BankNifty 29200-29375 small day range,   Medium range 29075-29500,    Bigger range 28900-29650

For Existing Long Positions:
Nifty intraday SL 11200 n closing 11250
BankNifty intraday SL 29200 n closing 28950

For Existing Short Positions:
Nifty intraday n Closing SL 11375
BankNifty intraday n Closing SL 29500

For New Positions:
Sell Nifty near 11350:
SL 11400 Tgt 11300, 11275

Buy Nifty in 11225-11250 range:
SL 11200 Tgt 11300, 11325

Sell BankNifty in 29500-29600 range:
SL 29775 TGT 29375, 29200

Buy BankNifty in 28950-29075 range:
SL 28850 TGT 29200, 29325

PCR 1.37, VIX 12.13

MORE WILL UPDATE SOON!!

Today's Outlook

SGX Nifty is at 11,306, down by 23 points. For today, expect some more consolidation on the index, while broader markets could see another leg up as valuations become extremely attractive for the medium term.

Image result for BROKERAGE

Global markets: Asian indices opened weak even as the US indices closed at fresh new highs led by the S&P 500 & the Nasdaq. The Japanese Nikkei saw cuts of 100 points in early trade as strength in the yen hurt exporters. Markets will be keenly awaiting progress of trade talks between US/China and the Federal Reserve action on rates with a rate cut on the cards after 2008.

US markets close with gains as Nasdaq continues to hit fresh new all-time highs. Technology stocks see fresh highs as Amazon and Microsoft lead the gainers. Oil prices remain range-bound as supplies see upsurge while Iran tensions keep prices from falling. All eyes on Federal Reserve meet this week as 25 bps rate cut already discounted.

FII/DII Data: In yesterday’s trading session FIIs sold 1503 crores worth of stock in cash whereas DIIs bought 1918 crores worth of stock. In the derivative market, FIIs sold 1049 crores of Index futures and sold 1007 crores worth of Index options. In the Stock futures segment, FIIs sold 721 crores worth of stock futures and bought 126 crores stock options.

FII View: In Index future segment, FIIs index future long/short ratio stood at 0.6x vs 0.8x with addition of short positions to the tune of 9751 contracts. However, on the Index option’s front, they created net buying positions in both call and put options, indicating an expectation of volatility.

MORE WILL UPDATE SOON!!

Bank Nifty likely to see a bounce: Deploy ‘Long Call Butterfly Spread’ this week

Amid recent weakness, Bank Nifty has come down reasonably closer to the Put congestion.

The July expiry week kept traders on the edge. The market has been under pressure since Budget 2019 and benchmark indices closed the week with losses of over 1 percent each.
The rollovers to the August series, especially in the indices, remained low by around 3 percent and as a result, we did see a 7 percent drop expiry-over-expiry in the Nifty futures and an approximate 20 percent drop in the futures open interest of the Bank Nifty.
This open interest activity, alongside a reduction in price, can be reasonably termed as long unwinding.
The equation on the stock futures side was not a lot different, either with almost 36 percent of the participating stocks unwinding longs, while about 40 percent of the stocks added short or either carried forward short positions.
In the series which saw Nifty dropping by about 5 percent, sector-wise secularism on the long side was not visible.
If we were to slice the stock futures open interest data, Jindal Steel from metals, RBL Bank from private banks, Bajaj twins from the NBFC space were major drags on the short side, while PVR pushed the media sector into the long side.
One more notable observation is that the slow and steady fall did bring a lot of strong long heavy structured futures, especially on the banking side, closer to their respective heaviest Put OI base.
Amid recent weakness, the Bank Nifty has come down reasonably closer to the Put congestion. For the first time in recent weeks, the OIPCR for Bank Nifty is on the bullish side of neutrality, which indicates an expectation of longs to be reinstated, hence a Long Call Butterfly is advised.
Long Call Butterfly Spread is a moderately bullish strategy when executed with higher strikes than the current market price. It offers decent risk-to-reward ratio for investors with a low cost.
In this, we are selling two Calls close to the expected level on the higher side and Buying equidistant Calls, one of the higher, and one on the lower side of the strike sold.
As we are trading weekly options, faster time decay will be beneficial to the strategy. Maximum profit is made if the index closes at the strike of the option sold.
11
12
MORE WILL UPDATE SOON!!

Market Live: Nifty below 11,250, Sensex trades lower; auto, metal under pressure

Among sectors, except FMCG and IT all other indices are trading lower led by the auto, metal, pharma, energy and infra.

 Image result for BROKERAGE
Brokerages View:
Goldman Sachs on Maruti Suzuki

Maintain buy, target at Rs 7210 per share
Q1 results above estimates on cost control; buy on weakness
See EBITDA margin to have bottomed out as we expect better volume hereon

Citi on Maruti Suzuki

Buy call on the stock with target at Rs 7,400 per share
Q1 results a modest beat but near-term outlook gloomy
Co would likely outperform given sustained market share & balance sheet strength

IDFC Securities on Maruti Suzuki

Outperform rating with target at Rs 6,400 per share
Demand environment continues to remain weak with no overt signs of a recovery
Expect pressure on margin to continue in the near-term

CLSA on Maruti Suzuki

Maintain buy call with target at Rs 7,400 per share
Maruti reported weak q1 results as volume fell 18% YoY
Believe Maruti is a better way to play a potential demand recovery

UBS on Maruti Suzuki

Sell call with target at Rs 5800 per share
Q1 a consensus miss amid a tough environment
EBITDA below consensus, adjusting for estimated AS-116 impact

CIMB on Maruti Suzuki

Reiterate add rating with target at Rs 7,776 per share
Q1 EPS fell 20% QoQ In-line with consensus but 26% above estimate
Key risks are fuel price spike impacting car industry demand

Kotak Institutional Equities on Escorts

Maintain buy call; target cut to Rs 910 from Rs 1,000 per share
Co reported a 23% YoY decline in EBITDA mainly led by decline in tractor volume 
Believe the tractor segment has least headwinds related to cost increase

Credit Suisse on Escorts

Outperform rating with target at Rs 920 per share
Q1 headline numbers were broadly in-line with estimates

Nomura on Jubilant Life

Maintain buy call on the stock; raise target to Rs 661 from Rs 660 per share
Q1 EBITDA up 21% QoQ but 1% below our estimate

UBS on Bajaj Auto 

Maintain sell, target at Rs 2,400 
Q1FY20 in-line but market share plateauing despite aggressive pricing
High inventory adds to downside risk

IDFC Securities on Bajaj Auto 

Maintain underperform, target at Rs 2,400 per share 
Company’s strategy of cutting product prices to gain market share may benefit it over long term
Key upside would be a stronger-than-expected export market growth 

Kotak Institutional Equities on Bajaj Auto 

Maintain reduce, target cut to Rs 2,500 from Rs 2,700 per share
Slowdown led by a weak rural economy & sharp rise in regulatory costs

Nomura on Bajaj Auto 

Maintain neutral; target at Rs 2,836 per share
Q1 results in-line; growth slowing down 
Margin headwinds remain from adverse mix & regulatory cost pressures

Credit Suisse on Bajaj Auto 

Underperform, target at Rs 2,330 per share
Increasing competitive intensity in exports could jeopardise company’s profit
Cut FY20/FY21E EPS by 5%/8%, factoring in the further cautious outlook

Morgan Stanley on Bajaj Auto

Remain equal-weight with target at Rs 2,646 per share
Co Posted an in-line quarter 
EVs & emission regime change are key risks to the business

CLSA on Bajaj Auto

Fine tune our estimates & retain sell call with target at Rs 2,275 per share
Muted Q1 but better than estimates
See risk to 2-wheeler exports given the weakening global economic outlook

Jefferies on Bajaj Auto

Maintain underperform rating with target at Rs 2,430 per share
Management expects negative growth in domestic 2-wheeler industry for short-term
Adjusting for A/Cing changes, Q1 revenue was ahead, EBITDA in-line & margin below estimates

CLSA on ICICI Bank

Co is a high-conviction buy with target at Rs 530 per share
Q1 PAT tad below estimates due to higher provisions & higher tax
Trim earnings but see an earnings turnaround ahead & RoE rising to 15-16%

Jefferies on ICICI Bank

Retain buy call on the stock; raise target to Rs 480 from Rs 455 per share
Steady Q1 with core PPoP driven by better loan growth & steady margin
Fees were negatively impacted by lower mutual fund distribution fee
Expect improvement in core op profit; standalone RoE likely to be over 16% by FY21

Jefferies on JSW Steel

Retain underperform; cut target to Rs 216 from Rs 233 per share
Cut our FY20-21e EBITDA by 2-3%
Q1 EBITDA missed our estimate; margin was in-line, but volume disappointed

CLSA on JSW Steel

Cut our FY20-21 EPS by 4-5%
Retain sell rating; cut target to Rs 200 from Rs 225 per share

CLSA on autos

Believe govt’s proposal of higher registration fee is unlikely to boost auto demand
Believe regulatory costs are adding up for the Indian auto industry
Entered 2019 with a cautious view on autos & see few reasons to change it
Have sell ratings on 70% of our auto coverage; recommend underweight stance on sector.


MORE WILL UPDATE SOON!!