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Showing posts from June, 2020

Buy HDFC Life, Muthoot Finance & ICICI Bank Ltd

HDFC Life Insurance Company Ltd  (HDFL) is a buy call with a target of Rs. 575 and a stop loss of Rs. 545. Muthoot Finance Ltd  (MUTT) is a buy call with a target of Rs. 1,200 and a stop loss of Rs. 1,065. ICICI Bank Ltd  (ICBK) is a buy call with a target of Rs. 380 and a stop loss of Rs. 348.

Buy Dredging Corporation of India & Shipping Corporation Of India Ltd

Dredging Corporation of India Ltd  (DRDG) is a buy call with a target of Rs. 280/310 and a stop loss of Rs. 250. Shipping Corporation Of India Ltd  (SCI) is a buy call with a target of Rs. 65/68 and a stop loss of Rs. 53.

Buy United Breweries Ltd, Sell Karur Vysya Bank Ltd

United Breweries Ltd (UBBW) : United Breweries Ltd (UBBW) has officially announced a consolidated sales of Rs. 1,425.11 Cr for the quarter finished on 31-03-2020, which is -2.04% down from its previous quarter sales of Rs. 1,454.83 Cr and -12.59% down from its previous year’s same quarter sales of Rs. 1,630.45 Cr. The firm has also announced its net profit after tax of Rs. 41.82 Cr in the most recent quarter. United Breweries Ltd (UBBW)   is a buy call with a target of Rs. 1,160. Karur Vysya Bank Ltd (KARU): Karur Vysya Bank Ltd (KARU) has officially announced a consolidated sales of Rs. 1,143.95 Cr for the quarter finished on 31-03-2020, which is -0.73% down from its previous quarter sales of Rs. 1,152.36 Cr and -1.49% up from its previous year’s same quarter sales of Rs. 1,161.28 Cr. The firm has also announced its net profit after tax of Rs. 83.70 Cr in the most recent quarter. Karur Vysya Bank Ltd (KARU)   is a sell call with a target of Rs. 29.

Buy Balkrishna Ind Future, Berger Paints Future, ITC Future & Tata Steel Future

Balkrishna Industries Ltd Futures  is a buy call with a target of Rs. 1,320 and a stop loss of Rs. 1,220; last traded price: 1,259.50. Berger Paints India Ltd Futures  is a buy call with a target of Rs. 580 and a stop loss of Rs. 535; last traded price: 546.00. ITC Ltd Future  is a buy call with a target of Rs. 200 and a stop loss of Rs. 188; last traded price: 194.65. Tata Steel Ltd Future  is a buy call with a target of Rs. 345 and a stop loss of Rs. 320; last traded price: 324.30.

Buy Automotive Axles, ICICI Prudential Future & Piramal Enter Future

Automotive Axles Ltd  (ATOA) is a buy call with a target of Rs. 630/650 and a stop loss of Rs. 525. ICICI Prudential Life Insurance Company Ltd F utures  is a buy call with a target of Rs. 445 and a stop loss of Rs. 420; last traded price: 427.10. Piramal Enterprises Ltd Future  is a buy call with a target of Rs. 1,310 and a stop loss of Rs. 1,260; last traded price: 1,266.45.

Blackstone Group Inc. to take over L & T Mutual Fund

To begin with, the  Blackstone Group Inc.  arises as the frontrunner to take over the Mutual Fund of  Larsen & Toubro Ltd. Certainly, this would remain the first entry by a major   foreign private equity firm  into India’s $350 billion asset management industry.  Besides, the New York-based buyout firm focuses to reach an agreement in the next month to buy a controlling stake in the  L & T  Mutual Fund . Precisely, this could come of value at more than ₹3,500 crores. Significantly, the firm kept competing with rival Indian bidder   I IFL Wealth Management Ltd. Stock Market June 19th:  The  Sensex  gained 523.68 points with a 1.53% increase and reached a 34,731.73 level. While Nifty 152.75 points with a 1.51% increase and reached 10,244.40 level. Whereas the number of  coronavirus  cases in India reached 3,95,048 as of Saturday, June 20, and deaths reached 12,948.

Buy Adani Power, Piramal Enterprises Fut & ICICI Bank Fut

Adani Power Ltd   (ADAN) is a buy call with a target Rs. 42/45 and a stop loss of Rs. 35. Piramal Enterprises Ltd Future  is a buy call with a target of Rs. 1,200 and a stop loss of Rs. 1,130; last traded price: 1,185.00. ICICI Bank Ltd Future  is a buy call with a target of Rs. 368 and a stop loss of Rs. 353; last traded price: 362.15.

SEBI obtain Zee trade information from Nippon Life AMC

On 25th January 2019, one of the largest mutual fund Nippon Life Asset Management Company has been crashed. And according to the information, a few members of Nippon AMC employees shifted to Zee Entertainment because the Securities and Exchange Board of India (SEBI) obtain Zee trade information from the Nippon Life AMC. Moreover, the market regulator obtains details of decision-makers in the company. Due to the media report declared link the media houses and Nityank Infrapower and Multiventurs. When the company was in a survey of Serious Fraud Investigation Office, about the deposition of Rs.3,000 cr at the time of demonetization. According to the sources, the Zee shares declined by 34% on 25th Jan 2019. On June 18th, the shares of the Nippon Life traded with 22% fall and stood at Rs. 275.25 per equity share.

Buy Garden Reach Shipbuilders & Engineers Ltd

Garden Reach Shipbuilders & Engineers Ltd has officially announced a standalone sales of Rs. 456.69 Crore for the quarter finished on 31-03-2020, which is 23.55% up from its previous quarter sales of Rs. 369.63 Crore and -6.65% down from its previous year’s same quarter sales of Rs. 489.21 Crore. The firm has also announced its net profit after tax of Rs. 49.69 Crore in the most recent quarter. Garden Reach Shipbuilders & Engineers Ltd  is a buy call with a target Rs. 265.

PGIM India MF begins everyday declaration of portfolios

In any case, the PGIM India MF had started a regular statement of short-development debt portfolios. So at that point, this would complete for the following barely any months. Likewise, the day by day revelation targets extending transparency. The fund house says that it just as reestablishes client certainty. In any case, Mr. Ajit Menon, CEO, PGIM India Mutual Funds, says that the investor certainty has taken a significant gouge. What's more, consequently, they need to attempt to change the notion. Wherefore, they have raised this remarkable activity to improve transparency. Likewise, this would manufacture trust, particularly on the debit side. In addition, by and by, the plans under this new activity, for example, PGIM India Overnight, and PGIM India Insta Cash. This additionally incorporates PGIM India Money Market and PGIM India Ultra Short Term Fund. In addition, the obligation shared assets have stayed broken about the security of their plans. Be that as it may,

Buy KEC International Ltd & Polycab India Ltd

Buy KEC International Ltd and Polycab India Ltd KEC International Ltd is a buy call with a target Rs. 267. And officially announced a consolidated sales of Rs. 3,671.00 Crore for the quarter finished on 31-03-2020, which is 19.46% up from its previous quarter sales of Rs. 3,073.11 Crore and -4.43% down from its previous year’s same quarter sales of Rs. 3,841.17 Crore. The firm has also announced its net profit after tax of Rs. 192.88 Crore in the most recent quarter. Polycab India Ltd is a buy call with a target Rs. 857. And officially announced a consolidated sales of Rs. 2,129.38 Crore for the quarter finished on 31-03-2020, which is -15.07% down from its previous quarter sales of Rs. 2,507.31 Crore and -12.90% down from its previous year’s same quarter sales of Rs. 2,444.80 Crore. The firm has also announced its net profit after tax of Rs. 220.93 Crore in the most recent quarter.