Investors will eye several stock market triggers in the first week of the month including the ongoing October-December quarter results for fiscal 2023-24 (Q3FY24), the upcoming Monetary Policy Committee (MPC) meeting by the Reserve Bank of India (RBI), foreign capital inflow, along with other domestic and global cues.
Swastika Investmarts' Pravesh Gour agreed that Nifty 50 has recently reached a new all-time high, reaching 22,126. However, for sustained upward momentum, it's crucial for the index to maintain this level; otherwise, it might revert to a sideways trend.
‘’Above the 22,126 mark, the next targets will be 22,350 and 22,500. Conversely, on the downside, the range between 21,640 and 21,500 presents an immediate demand zone,'' added Gour. Read More:
ब्रोकरेज हाउस Swastika Investmart के अनुसार नोवा एग्रीटेक की सभी भौगोलिक क्षेत्रों में मजबूत उपस्थिति है और इसकी प्रभावी मार्केटिंग स्ट्रैटेजी कंपनी को लगातार ग्रोथ की स्थिति में रखती है. पिछले 3 साल में लगातार विकास और विस्तार योजनाओं के साथ नोवा एग्री का वित्तीय प्रदर्शन प्रभावशाली रहा है. हालांकि, कुछ प्रमुख जोखिमों पर विचार करने की जरूरत है. कंपनी का बिजनेस स्वाभाविक रूप से जलवायु परिस्थितियों से जुड़ा हुआ है और अधिकांश रेवेन्यू के लिए लिमिटेड भौगोलिक क्षेत्र पर निर्भर करता है. ब्रोकरेज हाउस आनंद राठी के अनुसार आनंद राठी ने कहा, नोवा एग्रीटेक के पास एक डेडिकेटेड रिसर्च एंड डेवलपमेंट फैसिलिटी है जो ऑन-साइट प्रक्रिया सुधार और इनक्यूबेशन सेंटर के साथ नए प्रोडक्ट की तकनीक का समर्थन करती है. ब्रोकरेज का मानना है कि कंपनी का वैल्युएशन ठीक है. और पढ़ें:
ICRA said the removal of STT has been a long-sought demand by market participants and as the GST collection went up, this demand has again gained traction.
In the case of STT, ICRA said the removal of STT has been a long-sought demand by market participants and as the GST collection went up, this demand has again gained traction. The move, if it does, will attract more investors to invest in domestic equity markets, the ratings agency said.
Besides, ICRA noted that corporates pay tax on profit and at the same time the government levies tax on dividends at the hands of shareholders, resulting in double taxation on dividends. A relief from double taxation on dividends will be appreciated by markets, it said.
I advocate for a consideration of removal of either Long-Term Capital Gains (LTCG) or Securities Transaction Tax (STT), which may provide further support to the equity culture in India," Sunil Nyati of Swastika Investmart said in his Budget preview. Read more:
Analysts said its well-established geographical presence and effective marketing strategy further enhance its growth potential.
"Nova Agritech's consistent financial performance, impressive growth over the past three years, and ambitious expansion plans further bolstered investor sentiment. For existing investors, holding their shares and closely monitoring the company's performance and market conditions remains the recommended approach," said Shivani Nyati, Head of Wealth at Swastika Investmart.
Nova Agritech had witnessed a significant oversubscription of 109.37 times during the offer period, hinting at robust investor confidence in the company's prospects. This stellar listing was fueled by multiple positive factors, including the company's strong market position as a one-stop solution provider for crop and soil health through its diverse branded product portfolio. Its well-established geographical presence and effective marketing strategy further enhance its growth potential. Additionally, Nova Agritech's consistent financial performance, impressive growth over the past three years, and ambitious expansion plans further bolstered investor sentiment," Nyati advised. Read more at:
वित्त वर्ष 2023-24 के केंद्रीय बजट में रेल मंत्रालय को 2,40,000 करोड़ रुपए आवंटित किए गए थे. यह रेलवे को ऐलोकेट किया गया अब तक का सबसे ज्यादा पैसा था. जिसका उद्देश्य देश के रेलवे बुनियादी ढांचे को आगे बढ़ाना था. फ्रेश कैपिटल इंफ्यूजन, डेडीकेटिड फ्रेट कोरिडोर, वंदे भारत ट्रेन, हाई-स्पीड प्रोजेक्ट्स की शुरूआत, नए ट्रैक बिछाने और स्टेशनों के पुनर्विकास के साथ इस सेक्टर पर सरकार के फोकस से आईआरएफसी, इरकॉन, टेक्समैको और टीटागढ़ वैगन्स जैसी कंपनियों को फायदा हुआ है और उनके शेयरों में उछाल आया.
स्वास्तिका इन्वेस्टमार्ट के सीनियर टेक्नीकल ऐनालिस्ट प्रवेश गौर ने मीडिया रिपोर्ट में कहा कि नए फ्रेट कोरिडोर या वंदे भारत एक्सप्रेस रूट्स का शुभारंभ इन क्षेत्रों में निर्माण, रोलिंग स्टॉक सप्लाई और ऑपरेशंस में शामिल कंपनियों के लिए नए अवसर दिए हैं. उन्होंने कहा कि रेलवे प्रोजेक्ट्स के लिए पीपीपी (पब्लिक-प्राइवेट पार्टनरशिप) पर जोर देने से प्राइवेट इंवेस्टमेंट आकर्षित करने, प्रोजेक्ट को तेजी से पूरा करने और क्षेत्र के ओवरऑल ग्रोथ में योगदान करने की क्षमता है.
ब्रोकरेज हाउस Swastika Investmart ने बीएलएस ई सर्विसेज में सब्सक्राइब करने की सलाह दी है. कंपनी एक डिजिटल सर्विसेज प्रोवाइडर है, और यह सरकार की डिजिटल इंडिया पहल का बेनेफिशियरी हो सकता है. कंपनी एसेट-लाइट बिजनेस मॉडल पर काम करती है, ग्राहकों तक इसकी व्यापक पहुंच है और रेवेन्यू के डाइवर्स सोर्स वाला बिजनेस मॉडल है. कंपनी ने अपनी वित्तीय स्थिति में भी लगातार ग्रोथ दर्ज की है. हालांकि कुछ चिंताएं ये हैं कि कंपनी का परिचालन इतिहास सीमित है, जिससे इसके बिजनेस और ग्रोथ का वैल्युएशन करना मुश्किल हो जाता है. दूसरा, यह ज्यादातर रेवेन्यू के लिए एक ही ग्राहक पर निर्भर है. तीसरा, इसकी भौगोलिक एकाग्रता. कंपनी 44 गुना के पी/ई पर वैल्यूड है, जो ठीक लगता है.
IPO में सिर्फ फ्रेश इश्यू
बीएलएस ई-सर्विसेज के आईपीओ में सिर्फ फ्रेश इक्विटी शेयर जारी होंगे, इसमें ऑफर फॉर सेल नहीं है. यानी प्रमोटर्स या मौजूदा शेयरहोल्डर्स अपने एक भी शेयर नहीं बेचेंगे. आईपीओ में 311 करोड़ के यानी 2,30,30,000 करोड़ इक्विटी शेयर बीएलएस इंटरनेशनल की सहायक कंपनी द्वारा जारी किए जाएंगे. दिल्ली बेस्ड कंपनी ने 125 रुपये प्रति शेयर की कीमत पर 11 लाख इक्विटी शेयरों का प्री-आईपीओ प्लेसमेंट किया है और 13.75 करोड़ रुपये जुटाए हैं. और पढ़ें:
Swastika Investmart
Rating: Subscribe
BLS E Services is a digital service provider, and it could be a beneficiary of digital India initiatives by the government. The company operates on an asset-light business model, has a wide reach for customers, and has a business model with diverse sources of revenue. The company has also reported consistent growth in its financials, said Swastika Investmart.
"A few concerns are that the company has a limited operating history, making it difficult to evaluate its business and growth; secondly, it is dependent on a single customer for major revenue; and third, it has geographical concentration. Finally, it is valued at a P/E of 44 times, which seems fairly priced, so considering all the factors, we give a 'subscribe' rating to this," it said. Read more:
The brokerage believes that one will get a better sense of sustainability of the investment cycle in the next few days as companies in the capital goods sector report their earnings and give guidance on near-term order inflows, and the government presents its interim budget, which will give guidance on government capex for FY25.
According to analysts at Kotak, the market is either overestimating the market size and profitability in several sectors or underestimating ‘disruption’ risks in some sectors.
Foreign institutional investor activity remains a focal point, given their substantial net sales exceeding Rs 35,000 crore in the Indian equity market this month, said Santosh Meena, head of research at Swastika Investmart Ltd. Beyond domestic factors, the market will be influenced by the global landscape, including geopolitical developments and movements in US bond yields, the dollar index, and crude oil prices. Read more:
On market performance, Santosh Meena, Head of Research, Swastika Investmart Ltd said, "The recent truncated trading week witnessed heightened market activity and volatility, culminating in a second consecutive week of losses, primarily driven by weakness in the banking sector. Profit booking affected several midcap and smallcap stocks, though certain sectors exhibited resilience." While giving an outlook this week, Meena said, "The upcoming week is poised to be pivotal, marked by a series of significant events, with the budget taking center stage. However, the finance minister's indication of a modest, vote-on-account budget suggests a lack of extravagant announcements." Also, Meena said, another critical event to watch is the outcome of the US Federal Reserve's policy meeting scheduled for January 31st, which could provide insights into the potential timing of interest rate cuts. Concurrently, ongoing Q3 earnings releases are contributing to substantial stock price movements, with numerous companies slated to announce their results in the upcoming week.
Further, the analyst said, foreign institutional investor activity remains a focal point, given their substantial net sales exceeding Rs. 35,000 crore in the Indian equity market this month. Beyond domestic factors, the market will be influenced by the global landscape, including geopolitical developments and movements in US bond yields, the dollar index, and crude oil prices. Last week, on January 25, Sensex closed at 70,700.67, down by 0.51%, while Nifty ended at 21,352.60, lower by 101.35 points or 0.47%. Read more at:
Stock Market News: After an extended weekend, this week will see a number of noteworthy events for the domestic equities market, with the budget taking centre stage. Experts note that the finance minister's hint of a low-key, vote-on-account budget, however, points to a lack of big decisions. The US Federal Reserve's policies, budget, and earnings will all keep investors and market participants on high alert.
According to Santosh Meena, Head of Research at Swastika Investmart Ltd, given their significant net sales in the Indian equities market this month over ₹35,000 crore, foreign institutional investor (FIIs) activity continues to be a focus point. Global variables, such as changes in US bond yields, the dollar index, and crude oil prices, as well as geopolitical happenings, will also have an impact on the market in addition to domestic ones. Read more:
स्वस्तिका इन्वेस्टमार्ट लिमिटेड के शोध प्रमुख संतोष मीणा ने कहा, ‘‘बजट, तिमाही नतीजे और अमेरिकी केंद्रीय बैंक के ब्याज दर पर निर्णय से बाजार को दिशा मिलेगी।’’
उन्होंने कहा कि घरेलू कारकों के अलावा बाजार वैश्विक घटनाक्रमों से प्रभावित होगा। इनमें भू-राजनीतिक घटनाक्रमों के अलावा अमेरिका में बॉन्ड पर प्रतिफल, डॉलर के मुकाबले रुपये की चाल और कच्चे तेल के दाम शामिल हैं। और पढ़ें:
The Interim Budget 2024 will be presented in just a few day's time, with specialists and brokerages expectating that the government's primary emphasis will persist on fostering economic growth through increased capital investment and infrastructure development. Sunil Nyati, Managing Director, Swastika Investmart Ltd has said that the government should reconsider removal of Long-Term Capital Gains (LTCG).
"I advocate for a reconsideration of the removal of either Long-Term Capital Gains (LTCG) or Securities Transaction Tax (STT) to provide further support to the equity culture in India," he added. Read More:
ब्रोकरेज हाउस Swastika Investmart ने आईपीओ पर सब्सक्राइब रेटिंग दी है. ब्रोकरेज का कहना है कि नोवा एग्रीटेक की सभी भौगोलिक क्षेत्रों में मजबूत उपस्थिति है और इसकी प्रभावी मार्केटिंग स्ट्रैटेजी कंपनी को लगातार ग्रोथ की स्थिति में रखती है. पिछले 3 साल में लगातार ग्रोथ और विस्तार योजनाओं के साथ नोवा का फाइनेंशियल प्रदर्शन प्रभावशाली रहा है. हालांकि, कुछ प्रमुख रिस्क पर ध्यान देने की जरूरत है. कंपनी का बिजनेस स्वाभाविक रूप से जलवायु परिस्थितियों से जुड़ा हुआ है और अधिकांश रेवेन्यू के लिए लिमिटेड जियोग्राफिकल एरिया पर निर्भर करता है. और पढ़ें :
Santosh Meena, Head of Research, Swastika Investmart
While the upcoming Budget sparks excitement, I advise investors and traders to exercise caution on the actual day. Many stocks react in advance to expectations, often reversing or experiencing high volatility when the details are unveiled. Therefore, it's prudent to focus on a stock's long-term outlook rather than short-term budget buzz. The market is plummeting ahead of the budget, fueled by profit booking from foreign investors. The 21,000-20,800 zone is a crucial support level, while Nifty needs to break through the 21,800-21,850 resistance to regain its momentum.
The upcoming Budget is poised to spotlight capital goods and infrastructure, reflecting the government's commitment to robust spending in these areas. Green energy stocks are in focus due to the government's emphasis on renewable energy, while the promotion of domestic tourism makes related themes attractive. Investors are likely to keep a close eye on these sectors as key beneficiaries of the budgetary priorities. Read More:
Stock Market Live Today: Post-listing view on the Medi Assist Healthcare IPO from Shivani Nyati of Swastika Investmart
Medi Assist Healthcare Services made a strong debut in the secondary market at Rs. 460, with a listing premium of around 11% over its issue price of Rs 418. This impressive performance followed an oversubscribed IPO by 16.25 times, further adding to the positive sentiment surrounding the health-tech firm’s prospects.
Medi Assist Healthcare Services Limited is a well-established health-tech and insurance-tech company, but the identified concerns regarding client concentration and dependence on subsidiaries still require ongoing monitoring.
This successful debut paints a brighter picture for Medi Assist, but cautious optimism is still advised. Thus, investors may book this listing gain and exit their holdings; however, those who want to hold positions are advised to keep a stop loss at issue price.
New Delhi [India], January 23 (ANI): The shares of MediAssist Healthcare Services listed on the exchanges on Tuesday, with an 11 per cent premium. It made its stock market debut at Rs 465 on the BSE against its initial public offering (IPO) issue price of about Rs 418.
Medi Assist Healthcare Services was initially scheduled to debut on the bourses on Monday. On Monday, Indian stock exchanges were closed for trading on the occasion of Pran Pratistha of Ram Temple in Ayodhya.
“This impressive performance followed an oversubscribed IPO by 16.25 times, further adding to the positive sentiment surrounding the health-tech firm’s prospects,” said Shivani Nyati, Head of Wealth, Swastika Investmart Ltd., commenting on the listing. Read more:
On Saturday, the 30-share BSE Sensex fell 259.58 points or 0.36 per cent to settle at 71,423.65. The Nifty declined 50.60 points or 0.23 per cent to close at 21,571.80.
Global oil benchmark Brent crude slipped 0.03 per cent to USD 80.04 a barrel.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 545.58 crore on Saturday, according to exchange data.
Quarterly earnings, global trends and trading activity of foreign investors will drive stock markets in this holiday-shortened week.
Equity markets would also remain closed on Friday for Republic Day.
“Anticipations surrounding the upcoming budget may drive stock and sector-specific movements. Globally, attention will be directed towards Japan’s monetary policy and the US economic data, with a continued watch on geopolitical developments,” Santosh Meena, Head of Research, Swastika Investmart Ltd, said. Read more:
शेयर बाजारों की दिशा इस सप्ताह कंपनियों के तिमाही नतीजों, वैश्विक रुझान और विदेशी पोर्टफोलियो निवेशकों की गतिविधियां से तय होगी। विश्लेषकों ने यह राय जताई है। यह सप्ताह कम कारोबार सत्रों का रहेगा। 22 जनवरी को बाजार में अवकाश रहेगा।
बीते सप्ताह बीएसई का 30 शेयरों वाला सेंसेक्स 1,144.8 अंक या 1.57 प्रतिशत नीचे आया। एनएसई और बीएसई ने 20 जनवरी यानी शनिवार को सामान्य कारोबारी सत्र आयोजित किए। स्वस्तिका इन्वेस्टमार्ट लि. के शोध प्रमुख संतोष मीणा ने कहा, ‘‘ आगामी बजट को लेकर उम्मीदें और क्षेत्र विशेष गतिविधियां बाजार को दिशा देंगी। वैश्विक स्तर पर सभी की निगाह जापान की मौद्रिक नीति और अमेरिकी आर्थिक आंकड़ों पर रहेगी। इसके अलावा निवेशक भू-राजनीतिक घटनाक्रमों पर भी नजर रखेंगे।’’ यह भी पढ़ें:
Finance Minister Nirmala Sitharaman will present an interim budget on February 1, which will be a vote on account which, by definition, cannot bring significant policy changes. This has not stopped either industry, businessmen or taxpayers from drawing up their wishlists or recommendations.
A common thread among the suggestions is that digital public infrastructure appears to be seen as something that provides the mmum `bang for the buck'.
- Look for announcements benefiting salar classes and rural populations in the lead-up to the upcoming general election.
- Advocate for reconsideration of the removal of LTCG or STT to support the equity culture.
Sunil Nyati, Managing Director, Swastika Investmart. Read more:
Last week, the 30-share BSE benchmark fell by 1,144.8 points or 1.57 per cent. The NSE and BSE conducted normal trading sessions on January 20.
Anticipations surrounding the upcoming budget may drive stock and sector-specific movements. Globally, attention will be directed towards Japan's monetary policy and the US economic data, with a continued watch on geopolitical developments," Santosh Meena, Head of Research, Swastika Investmart Ltd, said.
The past week witnessed continued volatility in the market, characterized by Nifty and Sensex ending with a substantial decline of over 1 per cent, exacerbated by Bank Nifty's notable underperformance, primarily attributed to a significant drop in HDFC Bank's shares post earnings, Meena said.
The aggressive selling by Foreign Institutional Investors (FIIs) following HDFC Bank's results added further pressure to the overall market, he added. Read more:
Stocks in the hospitality and travel and tourism sectors, along with public-sector undertaking (PSU) stocks will remain in focus this week in the wake of the much-awaited 'Pran Pratishtha' ceremony for Shri Ram Lalla which is set to take place on Monday at Ayodhya's Ram Mandir in Uttar Pradesh.
Market experts say that Ayodhya will become a major spiritual tourism destination. The potential for tourism-related business is enormous and has attracted investors into hotel, travel and other tourism-related stocks. While appreciating the long-term potential of investment, investors should not go overboard chasing these stocks that have elevated prices, according to analysts.
From a technical standpoint, Nifty 50 experienced a sharp correction from the 22,124 level, subsequently rebounding from the 21,300 level. ‘’Sustaining above the 20-day moving average (20-DMA) at 21,700 is imperative for any meaningful recovery. Failure to do so may leave Nifty susceptible to further selling pressure within the 21,000–20,800 range,'' said Santosh Meena, Head of Research, Swastika Investmart Ltd. Read more:
After months of buying, foreign portfolio investors are turning a blind eye to Indian equities in the month of January amid concerns over high valuations and uncertainty around global interest rates trajectory.
The steep selloff by foreign investors ensured that benchmark indices recorded their worst week in over two months. Nifty bank too has seen its biggest weekly fall in a year.
Despite these challenges, the midcap and smallcap segments demonstrated resilience, outperforming largely due to robust domestic liquidity. Notably, PSU stocks, especially in the railway sector, sustained a bullish trend.
Going forward, the market will react to quarterly earnings as a substantial number of heavyweights are related to release their third-quarter numbers.
Anticipations surrounding the upcoming budget may also drive stock- and sector-specific movements. Globally, attention will be directed towards Japan's monetary policy and US economic data, with a continued close watch on geopolitical developments," said Santosh Meena, Head of Research, Swastika Investmart. Read more:
FPIs unleash turbulence with Rs 21,000 cr weekly selloff in sudden shift
Devashish Nyati has been appointed as the Chief Technology Officer of Swastika Investmart, the company said on Wednesday.
According to a statement, Nyati will lead the company’s technological ambitions and infrastructure stability in this capacity.
Nyati used to be employed by Google in the US.
Sunil Nyati, Managing Director, Swastika Investmart, said, “We are thrilled to welcome Mr. Devashish Nyati to Swastika Investmart. His leadership will play a key role in advancing our technological capabilities, providing our clients with a cutting-edge and secure financial experience.
Devashish Nyati, CTO, Swastika Investmart, said, “Returning to India and becoming a part of it marks an exciting chapter in my career. I feel honoured to join a company recognized for its dedication to innovation and customer-centric solutions. I eagerly look forward to contributing to the organisation’s growth by leveraging technology to enhance the overall financial experience for our clients.” Read More:
Finance Minister Nirmala Sitharaman will present an interim budget on February 1, which will be a vote on account which, by definition, cannot bring significant policy changes. This has not stopped either industry, businessmen or taxpayers from drawing up their wishlists or recommendations.A common thread among the suggestions is that digital public infrastructure appears to be seen as something that provides the maximum `bang for the buck'.
Foster Economic Growth and Stimulus for Sectors - Anticipate additional stimulus for sectors like manufacturing and renewable energy.- Look for announcements benefiting salary classes and rural populations in the lead-up to the upcoming general election.- Advocate for reconsideration of the removal of LTCG or STT to support the equity culture.-
Sunil Nyati, Managing Director, Swastika Investmart. Read more:
The steep selloff by foreign investors ensured that benchmark indices recorded their worst week in over two months. Nifty bank too has seen its biggest weekly fall in a year.Despite these challenges, the midcap and smallcap segments demonstrated resilience, outperforming largely due to robust domestic liquidity.
Notably, PSU stocks, especially in the railway sector, sustained a bullish trend.Going forward, the market will react to quarterly earnings as a substantial number of heavyweights are slated to release their third-quarter numbers."Anticipations surrounding the upcoming budget may also drive stock- and sector-specific movements. Globally, attention will be directed towards Japan's monetary policy and US economic data, with a continued close watch on geopolitical developments," said Santosh Meena, Head of Research, Swastika Investmart. Read more:
Shares of RIL closed 0.01% higher at Rs 2,735.05, as compared with a 0.70% rise in the benchmark Sensex of the BSE on Friday. Financial results of the company were declared after market hours. On RIL share price movement, Santosh Meena, Head of Research, Swastika Investmart, said, Reliance has broken out of a multi-month consolidation pattern with a bullish flag formation near its 20-day moving average.
"I anticipate that the government's primary emphasis will persist in fostering economic growth through increased capital investment and infrastructure development. It seems likely that sectors such as manufacturing and renewable energy will receive additional stimulus. In the lead-up to the upcoming general election, we can anticipate announcements tailored to benefit salary classes and rural populations. The capital market is currently experiencing robust momentum, and I express the hope that the government refrains from implementing policies that might disrupt the positive market sentiment. Simultaneously, I advocate for a reconsideration of the removal of either Long-Term Capital Gains (LTCG) or Securities Transaction Tax (STT) to provide further support to the equity culture in India," said Sunil Nyati, Managing Director, Swastika Investmart.Read More :
EPACK Durable is India's second-largest RAC ODM. “However, some key risks warrant consideration. The company's dependence on a limited number of major customers. Additionally, the RAC industry is highly competitive, and the business experiences seasonal fluctuations. We recommend that investors apply for this IPO with a mid to long-term view,” said an analyst at Swastika Investmart.Read More :
ब्रोकरेज हाउस Swastika Investmart ने Medi Assist के आईपीओ पर न्यूट्रल रेटिंग दी है. ब्रोकरेज का कहना है कि मेडी असिस्ट हेल्थकेयर के पास स्केलेबल, टेक्नोलॉजी-इनेबल्ड बुनियादी ढांचा है, जो हेल्थ इंश्योरेंस इको सिस्टम के सभी सेग्मेंट की जरूरतों को पूरा करता है. इसके पास ग्रुप अकाउंट का एक डाइवर्सिफाइड बेस है और अधिकांश इंश्योरेंस कंपनियों के साथ इसका मजबूत संबंध है. वित्तीय रूप से, कंपनी उत्साहजनक मेट्रिक्स प्रदर्शित करती है. ब्रोकरेज के अनुसार मेडी असिस्ट के रेवेन्यू का एक महत्वपूर्ण हिस्सा लिमिटेड क्लाइंट पर ही फोकस है. और पढ़ें :
The biggest trigger that could also result in a re-rating for Vodafone Idea is fund infusion and Dalal Street is eagerly awaiting to hear some good news.But after an impressive return of close to 183%, Vodafone shares have seen some profit booking in the last few sessions. However, the overall structure for the stock remains highly attractive, says Pravesh Gour, senior technical analyst at Swastika Investmart.Read more at :
"If we talk about the overall market, then 21,650–21,500 is a key demand zone for the Nifty. Until buy-on-dip texture is continued, while below 21,500, we can expect short-term weakness towards the 21,000–20,800 zone," Santosh Meena, Head of Research, Swastika Investmart said.Read more at:
Medi Assist Healthcare has scalable, technology-enabled infrastructure that addresses the needs of all constituents of the health insurance ecosystem. It has a diversified base of group accounts and a strong relationship with the majority of insurance companies. Financially, the company exhibits encouraging metrics, said Swastika Investmart.Read more:
Swastika Investmart holds a ‘Neutral’ rating on the issue. “Medi Assist concentrates a significant portion of its revenue on a limited number of clients, and its subsidiaries play a crucial role in its overall performance, introducing dependencies. Additionally, the offering is a pure OFS with a premium valuation that warrants a cautious approach,” said Shivani Nyati, Head of Wealth, Swastika Investmart.Read more:
Santosh Meena, Head of Research at Swastika Investmart also highlighted that the large-cap IT stocks surged despite lukewarm earnings, defying market anxieties. While results weren't stellar, they beat subdued expectations, and encouraging management outlooks fueled the rally, he said.Read more:
MOVEMENT in the equity market this week will largely be dictated by quarterly earnings of blue-chip firms HDFC Bank and Hindustan Unilever, along with the announcement of WPI inflation data and global trends, analysts said. The ac- activity of foreign investors, global oil benchmark Brent crude and rupee-dollar trend would also guide the movement. The focus will shift towards Q3 earnings. with key players such as HDFC Bank, HUL, Asian Paints, IndusInd Bank and Ultratech Cement set to announce their results. Pre-budget expectations are also likely to influence the sector and stock-specific movements, Santosh Meena, Head of Research, Swastika Investmart Ltd, said.
“The focus will shift towards Q3 earnings, with key players such as HDFC Bank, HUL, Asian Paints, IndusInd Bank, and Ultratech Cement set to announce their results. Pre-Budget expectations are also likely to influence the sector and stock-specific movements,” Santosh Meena, Head of Research, Swastika Investmart Ltd said.Read more:
Medi Assist Healthcare has scalable, technology-enabled infrastructure that addresses the needs of all constituents of the health insurance ecosystem. It has a diversified base of group accounts and a strong relationship with the majority of insurance companies. Financially, the company exhibits encouraging metrics, said Swastika Investmart.Read more:
"As the market gears up for the budget, institutional flows will play a crucial role in determining its direction. On the global front, macroeconomic data from the USA and China, along with movements in the dollar index, US bond yields, and crude oil prices, will be closely monitored," said Santosh Meena, Head of Research, Swastika Investmart.Read more at:
WPI inflation data for December is scheduled to be announced on Monday.On the global front, macroeconomic data from the US and China, along with movement in the dollar index, US bond yields, and crude oil prices, will be closely monitored.As the market gears up for the Geopolitical tensions source worldwide continue to be a source of uncertainty, demanding the market's vigilant attention," Meena said.
The retail inflation hit a four month high of 5.69 per cent in Dec month while the index of industrial production came at 2.4 percent for Nov, 2023 was at 8 month low.The focus will shift towards Q3 earnings releases, with key players set to announce their results. Pre-budget expectations are also likely to influence sector and stock specific movements, adding to the market's dynamic environment. As the market gears up for the budget, institutional flows will play a crucial role, Sunil Nyati, manag- ing director, Swastika Investmart said.
“Decent results from TCS, especially on the margin front, However, the fall in order bookings is a concern. Technically, 3,700–3,600 is a strong demand zone. 3,800–3,850 is a supply zone. We can expect a range-bound move for some time; above 3,850, we can expect momentum to pick up," said Santosh Meena, Head of Research at Swastika Investmart.Read More:
A few auto stocks namely Bajaj Auto Ltd, Hero MotoCorp Ltd and Tata Motors Ltd are likely to be in focus today. Here is what Santosh Meena, Head of Research at Swastika Investmart has to say on these stocks ahead of Tuesday's trading session.Read more :
Pravesh Gour, Senior Technical Analyst at Swastika Investmart Ltd, said, “All eyes will be on the beginning of corporate performance for the third quarter of the current fiscal year (Q3 FY24), spanning from November to December. The anticipation is particularly high for India’s IT giants. TCS and Infosys released their Q3 results on January 11th, followed by HCL Tech and Wipro on the 12th. Market participants will be keeping an eye on the movement of the rupee against the dollar and crude oil prices. Investments by foreign institutional investors (FIIs) and domestic institutional investors (DIIs) will also be monitored.”Read more:
Jyoti CNC Automation is one of the world’s leading manufacturers of CNC machines. In the last three years, the company has supplied over 8,400 CNC machines to more than 3,500 customers in India and across Asia. The company's global customer base is well-diversified and offers a wide range of products, said Swastika Investmart.Read more :
On the charts, Nifty is forming new higher highs daily, with identified support levels at 21,500 and 21,400. Immediate resistance is anticipated at 21,800 and 21,900, said Arvinder Singh Nanda, Senior Vice President, of Master Capital Services.
To this, Pravesh Gour, senior technical analyst at Swastika Investmart added that if Nifty manages to sustain above the 21,800 mark, then 22,000 and 22,200 will be the next target levels.Read more:
On the domestic front, all eyes will be on the beginning of corporate performance for the third quarter of the current fiscal year. Market participants will be keeping an eye on the movement of the rupee against the dollar and crude oil prices.Investments by Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIS) will also be monitored,said Pravesh Gour, Senior Technical Analyst at Swastika Investmart Ltd.
Sunil Nyati, Managing Director, Swastika Investmart said largecap stocks are gaining momentum after a recent phase of underperformance, presenting a promising opportunity for investors, particularly if there's an influx of foreign institutional investments in the domestic market.Read more:
A few stocks of Dalal Street namely Divis Laboratories Ltd, ITC Ltd and Tata Motors Ltd are likely to remain under traders’ radar today. Here is what Pravesh Gour, Senior Technical Analyst at Swastika Investmart has to say on these stocks ahead of Wednesday's trading session.Read more:
The Indian market has demonstrated resilience, emerging as one of the standout performers within the broader emerging markets basket, Sunil Nyati, Managing Director of Swastika Investmart Ltd, said.Read More:
Auto stocks are expected to remain in focus as major automakers will begin releasing their December sales figures starting from January 1. ‘’These sales figures will provide valuable insights into consumer demand and the health of the auto industry, potentially impacting the performance of related stocks,'' said Pravesh Gour, Senior Technical Analyst at Swastika Investmart Ltd. Read More:
“Bank Nifty is consolidating, where 48500-48800 is an immediate resistance area; above this, 49500–50000 will be the next target zone,” said Pravesh Gour, senior technical analyst at Swastika Investmart.Read More:
"Given the uncertain outlook, a cautious approach is warranted, and investors may exit their position; however, those who want to hold it should maintain a stop loss at the issue price," said Shivani Nyati, Head of Wealth, Swastika Investmart.Read more:
The market capitalization of BSE-listed companies climbed sharply by Rs 81,90,598.32 crore this year to reach an all-time high of Rs 3,64,28,846.25 crore.The Indian market has demonstrated resilience, emerging as one of the standout performers within the broader emerging markets basket, Sunil Nyati, Managing Director of Swastika Investmart Ltd, said.
“When interest rates remain lower, inflation begins to increase, which subsequently lifts gold prices. In 2024, the Fed will remain dovish on monetary policy, which would be a favorable condition for gold's bull run,” said Nirpendra Yadav, senior commodity research analyst at Swastika Investmart.Read more:
Sagar Pandey, Head of HR at Swastika Investment, suggests focusing on employee well-being, digital transformation, a diverse and inclusive workplace, workforce up-skilling, and implementing agile tactics in 2024 to effectively manage change.Read more:
"Nifty has bullish momentum; it has crossed 21,500–21,600 levels, which act as key resistance zones. Now, we can expect a move towards 21,800/22,000. 21,500 is a key support level; below this, we can expect pressure towards the 21,325 level," said Pravesh Gour, Senior Technical Analyst at Swastika Investmart.Read more:
Happy Forgings, the esteemed manufacturer of complex machinery components, made a debut on the stock market that landed slightly below pre-listing expectations. Nevertheless, the company secured commendable listing gains, said Shivani Nyati, Head of Wealth, Swastika Investmart.Read more:
Despite a bumper listing for Happy Forgings, Shivani Nyati, head of wealth at Swastika Investmart, suggests that the company is a mixed bag for investors. "A careful evaluation of both sides is crucial before making any investment decisions. Given the uncertainty surrounding the listing, a cautious approach is recommended. Existing investors in the IPO may consider holding their shares with a stop loss at 900. However, investors who were looking for listing gains may exit their positions," she said.Read more:
“Happy Forgings presents a mixed bag for investors. The lower-than-expected listing raises concerns, but the decent gain and strong fundamentals offer a counterpoint. A careful evaluation of both sides is crucial before making any investment decisions. Given the uncertainty surrounding the listing, a cautious approach is recommended,” said Shivani Nyati, Head of Wealth, Swastika Investmart.Read more:
Happy Forgings presents a mixed bag for investors. The lower-than-expected listing raises concerns, but the de- cent gain and strong funda-
mentals offer a counterpoint, says Shivani Nyati, Head of Wealth, Swastika Investmart Ltd. "Given the uncertainty surrounding the listing, a cautious approach is recommen- ded," she said.
Shivani Nyati, Head of Wealth, Swastika Investmart Ltd, said, "RBZ Jewellers' stock market debut mirrored pre-listing whispers, landing at Rs 100 per share, flat listing with zero listing gain on its issue price. This lackluster listing, in line with the subdued grey market trend, reflects cautious investor sentiment toward the company despite its apparent strengths."Read More :
A few largecap stocks namely ITC Ltd, ICICI Bank Ltd and Infosys Ltd are likely to remain under the spotlight today. Here is what Pravesh Gour, Senior Technical Analyst at Swastika Investmart has to say on these stocks ahead of Wednesday's trading session. Read More :
Despite these considerations, the IPO's attractive valuation of 16x P/E offers a degree of risk mitigation. Considering Motisons' strong brand, proven track record, and growth plans, alongside the current market sentiment, analysts at Swastika Investmart had recommended applying for this IPO with 'cautious optimism'.Read More:
"Despite a turbulent start in 2023, plagued by inflation anxieties, interest rate jitters, and murmurs of a global recession, the Indian market defied all expectations and is poised to finish the year with a resounding victory. While the Adani saga and the Israel- Palestine conflict threw temporary wrenches in its progress, the market navigated these challenges with remarkable maturity, showcasing its inherent resilience," says Sunil Nyati, Managing Director, of Swastika Investmart, a stock broking services company.
"The surge in the equity markets can be attributed primarily to the robust fundamentals of the Indian economy, resilient in the face of global challenges. A key driver has been the anticipation of sustained political stability and the likelihood of additional economic reforms, coupled with the assurance of interest rates reaching their peak," Sunil Nyati, Managing Director of Swastika Investmart Ltd, said as quoted by PTI.Read More:
“Despite a turbulent start in 2023, plagued by inflation anxieties, interest rate jitters, and murmurs of a global recession, the Indian market defied all expectations and is poised to finish the year with a resounding victory. While the Adani saga and the Israel-Palestine conflict threw temporary wrenches in its progress, the market navigated these challenges with remarkable maturity, showcasing its inherent resilience,” says Sunil Nyati, Managing Director, of Swastika Investmart, a stock broking services company.Read More:
"A key driver has been the anticipation of sustained political stability and the likelihood of additional economic reforms, coupled with assurance of interest rates reaching their peak," Sunil Nyati, Managing Director of Swastika Investmart Ltd, said.Read more :
According to Sunil Nyati, Managing Director, Swastika Investmart, midcap and smallcap stocks dominated the market during most of the year, fuelled by robust macroeconomic fundamentals and ample domestic liquidity. However, the final two months witnessed a dramatic shift, with largecap indices stealing the limelight. “This surge can be attributed to a confluence of factors: the impending elections fostering political stability, promising whispers of rate cuts in 2024, and a much-needed decline in energy prices, finally enticing foreign investors back into the fold. This influx of foreign capital propelled large-cap indices to new record highs.”Read more:
"The successful close above the 48,000 hurdle opens the door for additional bullish momentum toward levels of 48,500/48,800," Santosh Meena, Head of Research at Swastika Investmart said.He feels immediate support lies at 47,500, with a critical support zone at 47,000–46,800 in case of a downturn.Read more:
Indec Securities and Swastika Investmart has also given 'subscribe' tag to Motison Jewellers IPO whereas GoldenTrunk Capital Ventures has not rated the public issue.Read more:
“From a technical standpoint, the Nifty is maintaining its bullish momentum, marked by a breakout from a flag formation. The immediate target stands at 21,700, with the possibility of further upward movement to 22,000, although some consolidation may follow,” said Santosh Meena, head of research, Swastika Investmart.Read more:
While the previous week was predominantly shaped by developments in the US Federal Reserve policy, attention will now shift to the Bank of Japan's policy decision on December 19," Santosh Meena, Head of Research, Swastika Investmart Ltd,said.
Initial concerns about a US recession have been alleviated, thanks to encourag- ing economic data. The shift in expecta- tions regarding the rate cycle, coupled with an improved outlook for the US economy, is driving a pronounced rally in IT stocks. Largecap IT names, boasting comfortable valuations, are particularly benefiting from this positive sentiment, attracting substan- tial interest from institutional investors," said Sunil Nyati, managing director, Swastika Investmart.
Swastika Investmart suggests subscribing to the IPO, highlighting InoxCVA's leading position in the cryogenic equipment sector, diverse customer base, robust order book, and stable financial performance.Read more:
"Doms has demonstrated impressive financial growth in recent years, solidifying its market position and future potential. Despite the fully priced valuation of 43x P/E, we recommend subscribing to the Doms IPO based on its strong brand, consistent growth, and promising market outlook," said Swastika Investmart.Read more at:
Both Nifty and Bank Nifty are currently experiencing strong bullish momentum and trading in uncharted territory. Nifty faces immediate resistance at 21,025, with further target levels of 21,175 and 21,325. However, a strong support level exists at 20,850, with 20,600 serving as a critical support at any pullback. The overall trend remains bullish, although some intraday consolidation or pullbacks are likely," said Santosh Meena, Head of Research, Swastika Investmart.Read more:
According to Shivani Nyati of Swastika Investmart, DOMS has demonstrated impressive financial growth in recent years, solidifying its market position and future potential. "Despite the fully priced valuation of 43 times P/E (price-earnings), we recommend subscribing to the DOMS IPO based on its strong brand, consistent growth, and promising market outlook," Nyati said.Read more:
"DOMS has demonstrated impressive financial growth in recent years, solidifying its market position and future potential. Despite the fully priced valuation of 43x P/E, we recommend subscribing to the Doms IPO based on its strong brand, consistent growth, and promising market outlook," said Swastika Investmart.Read more at:
India Shelter Finance Corporation is a growing affordable housing finance company with a retail-focused portfolio. It has an extensive and diversified distribution network and a strong risk management system. It is a technology-driven company with a scalable operating model. The financial performance of the company has also been stable, said Swastika Investmart.Read more:
"The company's extensive product portfolio, diversified customer base, robust order book, and stable financial performance demonstrate its strong competitive position and future growth potential. We recommend a ‘Subscribe’ rating to the IPO for both potential listing gains and long-term capital appreciation," said Swastika Investmart.Read more at:
Stocks that were in focus included names like RBL Bank, which rose 4.86%, Praj Industries, which fell 11%, and Five-Star Business, whose shares declined 2.85% on Friday.Here's what Pravesh Gour, Senior Technical Analyst at Swastika Investmart, recommends investors should do with these stocks when the market resumes trading today.Read more:
A few stocks namely Infosys Ltd,Tata Steel Ltd and Indian Railway Finance Corporation Ltd could be in the spotlight today. Here is what Santosh Meena, Head of Research at Swastika Investmart has to say on these stocks ahead of Wednesday's trading session.Read more:
"It is a technology-driven company with a scalable operating model. The financial performance of the company has also been stable. Based on its solid fundamentals, attractive valuation, and long-term growth potential, we recommend a ‘Subscribe’ rating for the IPO," said Swastika Investmart.Read more at:
Several factors contributed to this remarkable performance. One key driver was the resounding victory of the Bharatiya Janata Party (BJP) in the recent state elections, which boosted investor confidence in the stability and continuity of the government's economic policies," said Santosh Meena, Head of Research, Swastika Investmart Ltd.Read more :
Markets are likely to celebrate with big gains, Sunil Nyati, Managing Director, Swastika Investmart Ltd, said on BJP registering big wins in Madhya Pradesh, Rajasthan and Chhattisgarh.Read More:
The RBI policy has maintained the expected line with no change in policy rates or stance. Governor Das expressed confidence in economic growth, anticipating inflation to reach 4.2% by Q3 2024. Our market continues its bullish momentum, with the Nifty reaching a significant milestone of 21,000. We believe this momentum will persist, potentially experiencing some consolidation along the way. Banking and financial stocks are particularly well-positioned to outperform, given their current valuations and fundamental strengths. Nifty can head towards 21,275/21,500 and Bank Nifty can test 48,800/50,000 in the medium term,” said Santosh Meena, Head of Research, Swastika Investmart.Read More:
Santosh Meena, Head of Research at Swastika Investmart said the market continued its bullish momentum, with the Nifty reaching a significant milestone of 21,000. "We believe this momentum will persist, potentially experiencing some consolidation along the way.Read More:
Santosh Meena, Head of Research, Swastika Investmart sees strong bullish momentum for both Nifty and Bank Nifty, which are currently trading in uncharted territory."Nifty faces immediate resistance at 21,025, with further target levels of 21,175 and 21,325. However, a strong support level exists at 20,850, with 20,600 serving as critical support at any pullback. The overall trend remains bullish, although some intraday consolidation or pullbacks are likely," Meena said.Read more at:
Here's what Pravesh Gour, Senior Technical Analyst at Swastika Investmart, recommends investors should do with these stocks when the market resumes trading today.RBL Bank - Bullish
The counter is coming out of a long consolidation with strong volume. The overall structure is very bullish as it trades above its all-important moving averages.Read more at:
Swastika Investmart के सीनियर टेक्निकल एनालिस्ट प्रवेश गौड़ का मानना है कि कुछ स्टॉक्स पर दांव लगाने से शॉर्ट टर्म में अच्छी कमाई हो सकती है। उन्होंने निम्नलिखित स्टॉक्स पर दांव लगाने की सलाह दी है और पढ़ें :
“The listing of Tata Technologies is a positive development for the company and the engineering services sector. Investors who participated in the IPO should consider holding on to their shares for the long term, as the company is well-positioned for sustained growth,” advised Shivani Nyati, Head of Wealth at Swastika Investmart Ltd, expressing optimism about the company’s future.Read more:
"FIIs, who had been net sellers for months, resumed buying in November. Despite this shift, their overall holdings remain at multi-year lows. With India offering attractive growth prospects and political stability, FIIs are finding it hard to resist the allure of Indian debt. The icing on the cake is the decline in US bond yields and crude oil prices, further enhancing India's appeal," said Sunil Nyati, Managing Director of Swastika Investmart Ltd.Read more:
Pravesh Gour, Senior Technical Analyst at Swastika Investmart observed that the counter has witnessed a breakout of a cup and handle formations on the weekly chart with huge volume. It has retested its previous breakout level at around ₹955 and started a new leg of rally towards ₹1,200. Moreover, on the daily chart, the stock has broken out of a triangle formation.Read more:
Nifty's immediate target is 20,750, with a level of 21,000 easily within reach. The previous breakout level of 20,222 will serve as the market's floor, and with the pre-election rally underway, Nifty could climb towards 22,500 ahead of the general election.Read more:
Pravesh Gour, senior technical analyst at Swastika Investmart, is positive on the stock and sees scope for more upside.“As the trades above its all-important moving averages, any new position can be made only above Rs 52; above this, we can expect a big rally towards Rs 60,” Gour said, seeing a strong support of Rs 43.50.Read more:
Sunil Nyati, Managing Director of Swastika Investmart, says that there is a good chance that “Nifty may hit the auspicious mark of 21,000 in December itself, while another 1000–2000 point rally can't be ruled out in the run-up to the general election”.Read more:
Here is the post-listing view on Flair Writing Industries from Shivani Nyati, Head of Wealth, Swastika Investmart Ltd.
Flair Writing Industries Ltd. (Flair Writing) made a strong debut on the stock markets, listing at Rs 503 per share, a premium of 65.4% over its IPO price of Rs 304. The listing was even above expectations, given the strong fundamentals of the company and the positive investor sentiment surrounding the IPO.Read more:
"The listing was even above expectations, given the strong fundamentals of the company and the positive investor sentiment surrounding the IPO," said Shivani Nyati, Head of Wealth at Swastika Investmart.Read more:
According to domestic brokerage Swastika Investmart, the listing was even above expectations, given the strong fundamentals of the company and the positive investor sentiment surrounding the IPO. “Flair Writing is a leading manufacturer of writing instruments in India with a well-diversified product portfolio and a strong brand reputation. The company has a proven track record of growth and profitability. The IPO was oversubscribed 49.28 times, indicating strong investor interest,” says Shivani Nyati, Head of Wealth, Swastika Investmart Ltd.Read more: