WHAT LIES AHEAD : NEAR-TERM PICTURE 

TUBE INVESTMENTS OF INDIA LTD 

The shares of the pharmaceutical company, Lasa Supergenerics Limited jumped today to hit a fresh 52-week high after the company announced recently that it has acquired Harishree Aromatics & Chemicals Private Limited.  

1 stock recommendation based on Street Talk (with 7 days horizon).

Till last week, Indian markets seemed somewhat immune to the virus news as dips were being relished and bought into the markets.

Glenmark Pharmaceuticals Ltd, a pharmaceutical company, today announced that its subsidiary, Glenmark Specialty SA has entered into an exclusive licensing agreement with Hikma Pharmaceuticals PLC for commercialising its novel nasal spray Ryaltris™ in United States of America.

National Company Law Tribunal (NCLT) Chandigarh Bench approved the merger of GlaxoSmithKline Consumer Healthcare Limited (GSKCH) into Hindustan Unilever Limited (HUL) which previously NCLT of Mumbai Bench had approved as per its order dated September 24, 2019.

US Food and Drug Administration (USFDA) conducted a post-approval and GMP inspection at Biocon’s facility located in Bengaluru.

Container Corporation of India Limited (CONCOR) and joint stock company-Russian Railways Logistics has executed a Memorandum of Understanding (MoU) for co-operation and collaboration in promoting intermodal transportation of cargo over International North-South Transport Corridor (INSTC).

L&T Limited’s construction arm has secured orders from prestigious clients for its varied businesses in India and abroad. The estimated value of these projects is Rs 1,000-2,500 crore.

Alphageo (India) Limited bagged order from Vedanta Limited for 2D and 3D Seismic Data Acquisition Services in Assam for an estimated contract value of Rs 184 crore (inclusive of taxes).

Shoppers Stop Shuts Two Stores Shoppers Stop has informed the bourses today that it has closed

Our analysis of January 2020 portfolio of equity dedicated mutual fund shows there is not much merit in expanding the definition of market cap for mutual fund investment.

It is always interesting to know the top wealth creators in any given period as it helps us ascertain the underlying trend of the market. Yogesh Supekar and Karan Bhojwani underlines the stocks that have created maximum wealth in 2019 while market experts comment on the market outlook going ahead. Also, the DSIJ Reasearch Team shares a list of

The recommendations provided in this column are taken from various market sources such as brokers, analysts, dealers and investment strategists, etc. These recommendations may not be backed by strong fundamentals. Therefore we advise readers to use their own discretion before investing in these recommendation.

Databank of top-ranked equity fund

In this edition, we have reviewed Shoppers Stop and National Aluminium Company Limited (NALCO).
We suggest our reader-investors to HOLD in Shoppers Stop and National Aluminium Company Limited (NALCO)

Readers are requested to send only one query at a time so that more readers get a chance. Have questions relating to any aspect of personal finance. Ask DSIJ at editorial@DSIJ.in and get your queries resolved. 

This is our mutual fund recommendation. Every fortnight , we recommend one open-ended equity diversified fund that has the best potential of returns for the next one year considering its constituents remain the same. 
 

A lot was expected by mutual fund investors from Union Budget 2020. However, it turned out to be a disappointing one for them. To begin with

Post the abolition of the Dividend Distribution Tax as announced in the Union Budget 2020, the possibility of funds with PSU themes performing well and rewarding investors has become better. Our study points out how this will happen
 

Indian rupee strengthened against US dollar on Thursday amid easing crude oil prices. Weak domestic equities capped some upward sentiment in rupee as investors continued to remain concerned about the spreading of novel Coronavirus outside China.

Unless you are the beneficiary of a large fortune or have won a lottery, the process of wealth creation is an unusually long one. And this is particularly true of equity investments, as is indicated by our study of five years of returns in different categories.

Your articles have been an eye-opener many a times.

This section gives decisive investment rationales to our subscribers on the stock queries they have raised to our research team.

Ever since the capital market regulator came out with categorisation and rationalisation of mutual fund schemes in October 2017, there has been growing demand from the industry to re-visit the categorisation of stocks.

Insider trading has always been a point of discussion for investors and regulators. Anthony Fernandes explains what exactly insider trading is and what best can investors do to protect their portfolios from being exposed negatively to such malpractices. 
 

With expensive stocks getting more expensive, there exists considerable confusion in an investor’s mind whether to construct a portfolio with low p/e stocks which, traditionally, is a preferred strategy to beat markets or include more high p/e stocks in the portfolio. Geyatee Deshpande shares her unique perspective on a topic that concerns a majority of investors.

This section covers a stock which has been in buzz for the past couple of months. Our research team gives you a complete insight of the company along with guidance on the investment decision to be taken at the current juncture.

Chennai-based two and three-wheeler maker TVS Motors announced on Thursday that it has joined hands with Motomundo SA, a business group in Honduras (Central America) to facilitate the sales and service of its products, across all Motomundo stores in Honduras in a phase-wise manner.

A fortnightly view on Nifty 50 and two investment ideas on the basis of intensive technical analysis in a 15-day horizon.

The scrips in this column have been recommended with a 15-day investment horizon in mind and carry high risk. Therefore, investors are advised to take into account their risk appetite before investing, as fundamentals may or may not back the recommendations. 

Chemical manufacturing company, Transpek Industry Limited is trading higher today after the company on February 26, 2020 announced that its board of directors have considered and approved a new project in its meeting held on Tuesday.

This section gives a recommendation of a stock having stock price below Rs 100 with sound fundamentals and expected to give handsome returns over a one-year time horizon.

This column gives you scrip chosen by the research team during the fortnight that is fundamentally strong and expected to give good capital appreciation over a time period of 1 year.

Now that an increasing number of people have tested positive for the corona virus from such countries as Italy, Hong Kong, Iran and South Korea the markets have become increasingly subdued

I appreciate your inputs given in the cover story titled ‘Q3FY20 – A Mixed Bag’

Tata Motors said that its board approved committee has given an approval for raising Rs 500 crore through the issuance of Non-Convertible Debentures (NCDs) on private placement basis.

I am elated to inform you that the current issue is a special one as it is our 34th anniversary edition.

The 11,614-11,550 zone is the only visible critical support. As we are in the process of closing February derivative series, we can see a very volatile session. In any case, 3rd February low of 11,614 breaches, the long-term trend also becomes bearish. Stocks in news: Hindustan Unilever, Biocon, Adani Port and Special Economic Zone, RITES, Concor.

The virus headline is likely to dominate the nervous stock market and as a result, we are going to witness another negative opening. SGX Nifty is down by 54 points, trading at 11,671 levels.

GMR Group announced that it has entered into a partnership with Groupe ADP for a partnership in the airport business.

Inflation is considered as one of the significant components responsible for wealth destruction. So, let’s see how different asset classes fare against inflation at different times.

The domestic stock market faced losses today as both the benchmark indices ended the trading session in red, hitting three-week lows, the lowest intraday levels recorded since February 3, 2020. S&P BSE Sensex was down by more than 392 points and closed at 39,888.96 levels, down by 0.97 per cent. Nifty too followed the trail by closing at 11,678.50, down by 1.01 per cent.

Brigade Group, a leading real estate developer in India, announced on Wednesday that it had partnered with Oakter, a home automation company, to provide smart home solutions to its future residents.

The shares of Salasar Techno Engineering were up by almost five per cent on Wednesday when the company announced that it had been awarded a contract for the construction of 132/33 KV, 2X50 MVA substation at Nathkuchi (Assam) along with the associated transmission lines from Assam Electricity Grid Corporation Limited (AEGCL).

Rossari Biotech Ltd, a specialty chemicals maker has received a regulatory approval for its Initial Public Offering (IPO).

Securities and Exchange Board of India (SEBI) issued its final observations on Rossari Biotech’s draft prospectus for the IPO on February 20, according to information on the capital market regulator’s website.

CRISIL announced about the completion of acquisition of 100 per cent stake in Greenwich Associates LLC and its six subsidiaries as well. Despite this development, the stock of the company fell by more than four per cent on Wednesday.

As per the contract, the company would make an upfront payment of Rs 6,500 crore to MSRDC, followed by a staggered payment of Rs 850 crore each in one to three years and Rs 62 crore in four years, aggregating to Rs 8,262 crore for sub-concession period of ten years and two months.

Aurobindo Pharma announced of receiving an Establishment Inspection Report (EIR) with Voluntary Action Initiated (VAI) status from USFDA for its Hyderabad facility.

Bandhan Bank’s current promoter holding is still above the mandated level, that is, at 61 per cent, however, despite this, RBI removed its restriction on the pretext of ‘considering the efforts made by Bandhan Bank to comply with the said licensing condition.’

Pharma major Cipla reported to the exchanges that United States Food and Drug Administration (USFDA) have issued a warning letter in accordance with the inspection held at the company’s manufacturing facility in Goa.

Overall, the structure is weak for the short-term and rallies are likely to be sold until the resistance zone of 11,900-11,930 is not crossed. Stocks in news: IRB Infrastructure Developers, Bandhan Bank, Bank of Baroda, Godawari Power & Ispat, Arrow Greentech.

The colossal sell-off overnight on Wall Street as Centres for Disease Control (CDC) officials called the spread of Coronavirus in United States inevitable and this has triggered a negative sentiment in Asian markets as well. Early action at SGX Nifty is indicating a worrisome sign ahead for Indian markets as there are chances that we might open with a big gap down.

Besides, an official statement issued by Sanjay Gupta, Company Secretary & Chief Compliance Officer at InterGlobe Aviation states that the report is factually incorrect and the company has not received any communication from SEBI in this regard.

Lupin announced the launch of Ethacrynic Acid Tablets USP, 25 mg used for the treatment of Edema. The pharma major had already received an approval from United States Food and Drug Administration (USFDA) earlier for this drug.

Fixed deposits are one of the most popular fixed income investments among retail investors. Having said that, what are the checks that investors should perform before investing in bank FDs? Let’s find out!

On Tuesday, the stock has given a neckline breakout of triple bottom pattern. This breakout was confirmed by above 50-day average volumes. 

The capex and project will be executed through its wholly-owned subsidiary, Navin Fluorine Advanced Sciences Limited (NFASL). It will invest around USD 51.5 million for setting up dedicated manufacturing facility and USD 10 million for setting up captive power plant.

The biggest worrisome factor is for Tata Motors. Its international business entity Jaguar Land Rover (JLR) has already faced issues with sales related to China specific region. It has nearly 15 per cent revenue exposure in China which would certainly get affected further in the recent quarters.

The government-owned finance company, Housing and Urban Development Corporation (HUDCO) is planning to raise funds up to Rs 28,000 crore. 

Information Technology consulting company, Infosys Limited, today announced that the company is launching a state-of-the-art Cyber Defense Centre in Indianapolis, the capital city of Indiana in United States (US) next month.

Meanwhile, investor sentiment remained fragile after a jump in the number of Coronavirus cases outside China stoked fears of a slowdown in the global growth. The total number of casualties owing to Coronavirus stood at 2,663 with 71 new Coronavirus deaths reported from China.

The stock has also outperformed its peers such as Godrej Consumer Products and Emami, which declined by 13 per cent to 34 per cent since last February. Its stock recently touched its 52-week high of Rs 2,307 on BSE.

Indian multinational subsidiary of Mahindra Group and IT services major, Tech Mahindra announced that it will acquire 100 per cent stake in US-based software solutions company-Zen3 Infosolutions.

Shares of IRB Infra surged higher by nearly three per cent in the early trade in Monday to touch an intra-day high of Rs 96.75 on BSE. At 9.35 am, the stock was trading at Rs 95 per share with gains of 1.77 per cent.

The stock of Granules India Limited has formed a three inside down candlestick pattern on the daily time frame. The three inside down pattern represents a confirmation of the bearish harami pattern, which indicates that the forecast is successful.

On the upside, the zone of 11,900-11,930 is likely to act as a stiff resistance. On the downside, the failure to hold the gap area of February 4, could lead to further downside and Nifty may re-test its swing low of February 3. Stocks in news: TVS Motor, Camlin Fine Sciences, JSW Steel, Tech Mahindra.

If we analyse the last few trading sessions, it seems that Indian market has eventually started to panic about the growing severity of Coronavirus after weeks of escape. The quantum of sell-off in the last trading session was severe with all Nifty50 stocks that ended the day in red, which is very rare and all sectoral indices witnessed a heavy selling pressure.

At the broader level BSE mid cap and small cap indices closed down by 1.60 per cent and 1.5 per cent respectively. Other sectoral indices such as BSE Metal, Auto, Telecom closed down by 5.71 per cent, 3.39 per cent and 3.33 per cent respectively in today's trade.

The share price of ABM Knowledgeware hit the upper circuit on Monday amid reports that the company had been awarded a strategic contract in the infrastructure development space worth Rs 103.5 crore.

Having an understanding about personal finance is equally important for business owners as it is for salaried people. Here are few personal finance tips for business owners.

For the period of 9MFY20, the company has sold properties worth Rs, 3,532 crore, up 12 per cent as compared to a year-ago same period.

Uflex is expecting to complete its international expansion plan by the next financial year (FY21E) that will result in an increase in overseas contributions to the total revenue in the coming years

The domestic mutual fund industry touched a new record in Jan’20 as total AUM inched up to Rs 27.9 lakh crore.

Shares of RPP Infra Projects were trading in the green on Monday after the company announced that it had won an order for the construction of a government medical college and medical hospital at Dindigul, Tamil Nadu.

Aurobindo Pharma  has received a follow-up communication from the U.S. Food and Drug Administration (USFDA)

The company has executed an EPC agreement with the Airport Authority of India (AAI) which had project cost of Rs 570.06 crore and completion period is 30 months. The project is for construction of New Greenfield Airport at Hirasar, Rajkot, Gujarat, India.

On Saturday, Biocon announced that it had received 3 observations from the U.S. Food and Drug Administration (USFDA) following an inspection at its insulin manufacturing facility in Malaysia. 

The acquisition is aimed to provide KEC a strategic foothold in the region, which can cater the markets with high growth potential in Middle East and Africa (MENA).

Any close above 12,142, the immediate target is placed at the prior high 12,246 and above this level it can test the maximum of 12,310. But, closing below 12,042 will lead sharp fall up to 11,908.

With Western markets tanking on Friday and Asian peers are trading in deep red on Monday on the back of the spreading impact of the virus. Indian markets are also expected to open gap down on the back of negative cues from the global peers.

As every coin has a flip side, mutual funds are not different in that sense. Fund managers not only buy but also sell. It becomes equally important to know what they are selling. So, let’s find out.

Everyone is eager to know what the mutual fund managers bought and sold and mostly keen to know what they bought. So, which are the stocks that attracted the fund managers in January 2020. Let’s find out.

New Fund Offers (NFOs) that are open for subscription.

The top gainers on the Sensex were Indusind Bank up by 3.68 per cent, SBI up by 2.61 per cent, Tata Steel up by 2.54 per cent, Power Grid up by 1.68 per cent and ONGC up by 1.18 per cent.

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Technical Analysis of 1 Stock (with 15 days horizon).

Review on 1 stocks recommended in past.

Fundamental Analysis of 1 Stocks (with 180 days horizon).

1 stock recommendation based on Street Talk (with 7 days horizon).

Amidst Thunderstorm; Stock-Specific Sunshine To Continue!

ICICI Lombard General Insurance Company Limited has entered into strategic association with realme payसा to enroll realme phone users, under the All Risk Insurance Policy underwritten by ICICI Lombard.

Shoppers Stop has informed the bourses today that it has closed its two Shoppers Stop stores located at Orion East Mall, Banaswadi, Bengaluru and The Grant Mall, Velachery, Chennai

Edelweiss MF has launched Edelweiss US Technology Equity Fund of Fund. Read on to find out more about it.