Buy Hindustan Unilever Ltd For Target Rs.1,350.00 - Choice Broking

* Unilever (HUL) is India's largest fast moving consumer goods company, with leadership in Home & Personal Care Products and Foods & Beverages. HUL's brands, spread across 20 distinct consumer categories, touch the lives of two out of three Indians.

* In 1931, Unilever set up its first Indian subsidiary, Hindustan Vanaspati Manufacturing Company, followed by Lever Brot

19/08/2017 5:15:10 PM | Posted in Broking Firm Views - Short Term Report read full news
Nadal enters Cincinnati quarters

Top seed Rafael Nadal survived a stern test from unseeded compatriot Albert Ramos-Vinolas to register a 7-6 (7-1), 6-2 victory in a men's singles third round match at the Cincinnati Masters tennis tournament here.

The Spanish star set up a quarter-final showdown against talented young Australian Nick Kyrgios, who battled past big-serving Croatian Ivo Karlovic 4-6, 7-6 (8-6), 6-3 a

Stock Market Prediction 21st August 2017

* Now Lord Rahu has changed signs. Hence, Cancer and Capricorn natives should remain extra cautious while taking decisions to avoid a loss in the market.

* 9.15 to 11.15 Nifty will maintain its strength.

* 11.15 to 14.3o expect a mixed to negative trend.

* 14.3o to 15.3o overall Nifty will go up.


The views and predictions expressed here a

Subscribe On Apex Frozen Foods Ltd - GEPL

Company Background

Apex Frozen Foods Limited (“Apex”) was incorporated on October 24, 1995 as partnership firm under the name of “Apex Exports”. Subsequently, the partnership firm was reconstituted by the induction of new partners and converted into a private limited company. On November 29, 2016 the company was converted into a

Need of the hour is to keep the core of Infosys intact

Vishal Sikkas exit from Infosys seems to have been accentuated by the streak of comments made by co-founder N.R. Narayan Murthy. The comments bordered on complaints, raising issues of corporate governance and at time accusations. The episode, like a soap opera with significant twists and turns, has been played in public glare over the last few months.

The resignation has had i

Confusion among traders as GST filing site stops functioning

Traders across the country faced problems on Saturday as the Goods and Services Tax (GST) filing website stopped functioning for some time, a day ahead of the last date for filing GST returns.

"The GST site has been working intermittently since 12 noon. It is creating a lot of confusion among traders. Many of our clients have called up saying they can't file returns. If this

Equities rebound on easing geo-political tensions, DIIs inflows

Key Indian equity indices -- the Sensex and the Nifty50 -- rebounded from their five-week lows during the week ended Friday as sentiments were buoyed by easing global geo-political tensions and healthy buying in realty, metal and FMCG stocks.

According to market analysts, despite the reluctance observed in foreign institutional investors (FIIs) to pump in funds, continuous purchasing

After Sikka`s dramatic exit, Infosys faces recruitment headache

By Sankalp Phartiyal and Nivedita Bhattacharjee

MUMBAI/BENGALURU - The dramatic departure of Vishal Sikka as chief executive of Infosys, following a months-long public battle with the tech giant's founders, has left the company with another messy problem: how to find someone willing to replace him.

With the boardroom row still simmering, the pressure wil

Steel consumption up 3.7% in July

India's steel consumption in July rose by 3.7 per cent to 6.905 million tonnes (mt) over corresponding month last year and exports in the last month grew by 64 per cent, the Steel Ministry's latest report said on Saturday.

"Overall consumption in July at 6.905 mt was down by 4.2 per cent over June 2017 but was up by 3.7 per cent over July 2016," the report of the min

Still judging current mechanism to resolve bad debts: Arun Jaitley

Previous laws were only partly effective in resolving the problems of insolvency and bankruptcy in the corporate world and one would have to wait to judge the effectiveness of the current mechanism to deal with the issue, Finance Minister Arun Jaitley said on Saturday.

"Earlier, if companies were for insolvency, they got stuck in courts indefinitely. The SICA merely provided an &

TV is bigger but impact of films is definitely greater: Boman Irani

Actor Boman Irani, who has dabbled in the world of photography, theatre and films, has been a part of reality TV shows, but has not worked in a daily soap. He says the reach of TV is far greater than films, but points out at the same time that films have a much greater impact.

A lot of veteran actors like Ratna Pathak Shah, Supriya Pathak and Anil Kapoor have started exploring

Five ways to celebrate World Photo Day on Facebook

On World Photography Day, which is being celebrated worldwide on Saturday, Facebook has reminded its 2 billion monthly active users how to use the platform to be part of the global event.

According to Facebook data, India figures at fourth spot among the top 10 countries that post most photos on the social media giant and takes fifth spot among in the same category for Messenger app.<

Would love to direct `VIP 3`, says Soundarya Rajinikanth

Basking in the success of Dhanush starrer "VIP 2", director Soundarya Rajinikanth says she would love to direct the planned third part in the "VIP" franchise.

At the success meet of "VIP 2" earlier this week here, Dhanush confirmed "VIP 3" is on the cards.

However, he said they haven't locked a director or script yet.


RBI chief Urjit Patel says state banks need more capital

By Suvashree Choudhury

MUMBAI - State-run banks will need more capital to resolve bad loan problems weighing on their balance sheets, Reserve Bank of India Governor Urjit Patel said on Saturday, adding his voice to calls for increased capital injections into lenders.

More than $150 billion of bad debt is crimping credit growth in Asia's third-largest eco

Derivative Ideas Nifty For Target Rs.48.00 - Religare Sec


Nifty future has witnessed fresh long liquidation at upper levels of 9900, some short build up was also seen in yesterdays trading session. Huge call writing also seen at 9900 strike, we expect Nifty to be in 9900-9600 range in the short term.




19/08/2017 12:17:35 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec


* Nifty futures volume weighted average price (VWAP) is at 9960 and Banknifty futures is at 24460.

* Call writing was seen at Nifty 9900 strike and 10000 strikes.

* Maximum positions are at 10000 CE and 9800 PE. Nifty is expected to be in the range of 9600-9900.

* Infrastructure, Telecom & Metals st

19/08/2017 12:16:02 PM | Posted in Broking Firm Views - Short Term Report read full news
Nifty Energy Index performed well in last week, gained over 2 percent - Religare Sec


* Nifty recovered marginally in the passing week and gained over a percent. Sentiment was upbeat for most part of the week however profit taking in the final session trimmed the weekly gains.

* The coming week is also a holiday shortened one and we expect further decline in the benchmark, citing feeble global markets and lack of

Infosys approves up to $2 billion buyback of shares

By Sankalp Phartiyal and Abhirup Roy

MUMBAI  - India's second-biggest IT firm Infosys said on Saturday it will buy back shares worth up to 130 billion rupees ($2 billion), a day after Vishal Sikka resigned as chief executive after a long-running feud with the company's founders.

The board of Bengaluru-headquartered Infosys approved the repurchas

Hold Tech Mahindra Ltd For Target Rs.420.00 - Emkay

Recovery will be gradual

* Tech Mahindra reported decline in organic revenues for Q1FY18 but remains confident on improved business traction both on Enterprise as well as Telecom business (ex LCC). LCC business would bottom in Q2FY18 and should then stabilize.

* Commentary is confident on revenue traction driven by strong TCV signings of US$

19/08/2017 12:03:16 PM | Posted in Broking Firm Views - Long Term Report read full news
Buy Ashoka Buildcon Ltd For Target Rs.276.00 - Equirus Sec

Ashoka Buildcon’s (ASBL) saw strong execution ramp-up during 1Q18. Its current order book stands at Rs 64bn and order book/TTM ratio at 2.8x, giving us confidence on the company achieving 20% revenue CAGR over FY17-FY20E. Toll collections grew 14% yoy with most projects seeing decent traffic growth. We expect new HAM project wins, sale of SBI Macquarie stake and steady EPC performance to

19/08/2017 11:58:07 AM | Posted in Broking Firm Views - Long Term Report read full news
Hold JSW Energy Ltd For Target Rs.69.00 - Reliance Sec

Foray into Electric Vehicle Manufacturing Biz – A Big Challenge

JSW Energy (JSWEL) has reported a subdued performance in 1QFY18 largely due to lower generation from thermal plants and lower merchant realisation. Its revenue dipped by 8.9% YoY to Rs22.3 bn owing to 4.4% YoY decline in generation and lower average realisation of Rs3.5/unit vs. Rs3.

19/08/2017 11:44:38 AM | Posted in Broking Firm Views - Long Term Report read full news
Positive Sundram Fasteners Ltd - Sharekhan

Key points

* Healthy operating performance and lower interest cost led to robust PAT growth, results in-line with expectations:

Sundram Fasteners Limited (SFL) registered healthy double-digit topline growth (11% YoY) for Q1FY2018, driven by improved demand scenario and new product additions. The company&rsquo

19/08/2017 11:39:47 AM | Posted in Broking Firm Views - Long Term Report read full news
Reduce Hero MotoCorp Ltd For Target Rs.3,727.00 - IIFL

Better than forecasted OPM offset by higher tax rate

Hero Motocorp (HMCL) revenues were below estimates,OPM was better than forecasts but PAT was in line with estimates.HMCL reported a revenue growth of 7.7%,which was lower than forecasts as realizations came in weaker than expectations owing to Rs500mn impact of dealer compenation for GST. OPM at 16.3

19/08/2017 11:35:47 AM | Posted in Broking Firm Views - Long Term Report read full news
Oil jumps 3 percent as dollar falls, U.S. rig count drops

By Jessica Resnick-Ault

NEW YORK  - Oil prices rose sharply on Friday, as the dollar fell and U.S. drillers cut rigs, feeding a rally that boosted global benchmark Brent crude to a weekly gain while U.S. crude was virtually flat on the week.

U.S. energy firms cut oil rigs for a second week in three, the Baker Hughes energy services firm reported, with d

Hold Mangalam Cement Ltd For Target Rs.355.00 - Emkay

Operating performance beats estimates; Maintain HOLD

* Mangalam Cement’s (MGC) Q1FY18 results surprised positively on operational parameters, with EBITDA at Rs405mn coming in against estimate of Rs295mn, led by higher realization and inclusion of other operating income in revenue.

* Sales volume was up 3.3% yoy at 0.63mt. Reported reali

19/08/2017 11:02:45 AM | Posted in Broking Firm Views - Long Term Report read full news