Daily Archives: Friday November 2nd, 2018

Higher Delivery Quantity (02/11/2018)

SingleDataSeriesExample_01
NAME DELV QTY AVG QTY CLOSE
GRINDWELL 339934 9128 495.45
SIS 143614 5824 879.75
PGHH 21227 1149 9694.15
AIAENG 216838 23796 1708.65
COALINDIA 28798896 4033159 261.55
AKZOINDIA 19579 3307 1555.05
BAJAJCORP 123987 22357 352.85
GDL 270717 60271 133.10
LINDEINDIA 159696 36407 469.35

The market closed sharply

STOCK MARKET ANALYSIS

Mumbai: On the last day of the week, there was an amazing boom in the market. Sensex and Nifty closed stronger after more than 1.5 percent. Finally, BSE’s 30-share index Sensex closed at 5,803 points (ie 1.7 per cent) at 35,012 level. At the same time, the NSE’s 50-share index Nifty closed at 17,155, which is 1.7 per cent higher at 10,553 level.

Shopping in mid-caps and smallcap stocks has also been seen. BSE’s mid-cap index has climbed 0.8 percent, while the mid-cap index of the Nifty is up 0.5 percent to 0.5 percent. BSE’s smallcap index closed at 0.75 per cent higher.

Auto, metal, private bank, FMCG and oil and gas stocks have seen tremendous purchases. Bank Nifty closed above 25,700 with strong 1.5 percent. However, pressure is seen in IT, media, pharma and PSU banks. In the giants, BPCL, Maruti Suzuki, Vedanta, Tata Motors, IndusInd Bank and Adani Ports have climbed up to 6.7-4.5 per cent. However, Tech Mahindra, Wipro, Dr Reddy’s, Bajaj Finance, Cipla, TCS and Infosys were down by 4.1-0.7 per cent in the giants.

PNB Housing, Jindal Steel, Amara King Batteries, Emami and Endurance Tech have climbed 5.8-4.6 per cent in mid-cap stocks. However, in mid-cap stocks, IIFL, Torrent Pharma, L & T Infotech, Canara Bank and Amphysis have slipped down by 7-2.4 per cent. PC Jewelers, DB Realty, Liberty Shoes, Infibeam and GNFC in smallcap stocks have climbed up to 27.1-12.4 per cent.

Kirloskar Group got license for NBFC

stock market news

The Mumbai-Kirloskar Group has got a license to start the non-banking finance company (NBFC), Kirloskar Capital from the Reserve Bank. This company will be led by the experienced Vimal Bhandari of the industry. The group company said that it will invest Rs 1,000 crore in the proposed NBFC, which is a wholly-owned subsidiary of Kirloskar Oil Engine.

In a statement, the company said, “Kirloskar Capital will be a better capital company with a capital commitment of Rs 1,000 crore over the next three years.” The company will focus on providing development capital to the industry, with initial focus on small and medium enterprises (SMEs).

Kirloskar Group chairman Atul Kirloskar on license received from RBI said that we are open with the permission from the Reserve Bank and are excited to start the business. At the same time, the nominated CEO, Bhandari said that they will start commercial operations by February-March and its headquarter is already working in central Mumbai.

Kirloskar said that there are more than 30,000 retailers in the group and around 1,000 dealers are involved, through which specially the SME sector will benefit. Prior to joining Kirloskar Capital, Bhandari has been the Chief Executive Officer of Indostar Capital. Earlier, Bhandari worked with Agon as Country Head for seven years.

9 companies to come out of BSE

stock market news

The Bombay Stock Exchange’s leading index, Bombay Stock Exchange (BSE), has decided to liquidate nine companies from November 5, which has not done any business in the last six months. BSE has been delisting the companies for the last few months, which has not been trading for a long time. Explain that BSE had delisted 17 companies in August, apart from this, 222 firms in July and delisted more than 200 firms in May.

While releasing a circular on Friday, BSE said, “Since November 5, 9 such companies are being delisted with the exchange platform, in which the business has been closed for the last six months. Nine companies to be delisted include Anil Ltd, Brake Auto (India) Limited, Sindhu Fila, IQ Infotech, Public Housing and Construction, Metropoli Overseas, Pithampur Steels, Prakal Solvent Extraction and Siber Software Services (India).

According to the information received, BSE said that the shares of these companies are being seized and they will not be available for trading on the Exchange platform from the forefront. Apart from this, the directors, promoters and group firms of these dealers will also be barred on the access to the securities market for 10 years. The promoters of these dealers will also have to buy shares from public shareholders.

Axis Direct to buy these shares in Diwali

stock market news

Mumbai- Like every time, this time also, Axis Direct has prepared a list of best stocks for investors and has advised to buy it. The Axis Direct believes that the market may rise after 5 assembly elections this year and the general elections next year. Therefore these stocks can give good returns.

Of the shares that Axis Direct has advised to buy on Diwali in the last four years, the shares which were advised on Diwali three of them, performed many times more than the benchmark. However, in the year 2017, there is a loss to the investors on the advice of Axis Direct. In 2014, shares of its advised returns of 67.5%, while the benchmark has given 6.8%, 45.9% and 13.4% in 2015 and 35% and 16.5% returns in 2016.

In this Diwali, the Axis Direct has advised to buy shares of Reliance Industries at the target of Rs 1,346, in which 28 percent returns are expected. Hindustan Unilever’s shares are advised to buy the shares at the target of Rs 1,724, and recommend a 10% return, ICICI Bank shares at the target of Rs 372 and expect a return of 16% in it. Bajaj Finance has expressed its hope of returning 27 per cent and its target is Rs 2,642. While the Titan Company’s shares are advised to buy the stock at the target of Rs 929 and have expressed the possibility of returning 19 per cent in it. It is advisable to buy the stock of moldte packaging at the target of Rs. 345 and it is expected to return 32 percent.

Likewise, Cipla’s shares have been advised to buy at a target of Rs 744, in which 19 percent returns are expected, while Ashok Leyland’s stock is advised to buy the stock at a target of Rs 154 and it is expected to return 38 percent. L & T Infotech’s stock is expected to increase by 26 per cent and its target is Rs 2,139 while the target of Minda Instís shares is Rs 393 and a 27 per cent increase is expected. Trident shares are advised to buy at a target of Rs 86 and it is expected to increase by 36%. It is advisable to buy steel strip wheels on the target of Rs 1,425 and it is expected to return 43 per cent.

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