Q2FY20 results gain prominence as the market discounts a slowdown in the economy. DSIJ Research team analyses the quarterly results performance, highlighting the hits and misses of this season.

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

This section gives you some of the momentum stocks which are in buzz for past few days and are expected to give quick returns in a 15-day horizon. 

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. 

The bellwether Indian equity indices, the Sensex and the Nifty, added 2.55 per cent and 2.39 per cent respectively during the fortnight. Among the sectoral indices, the BSE Metal index (+7.61%) was the highest gainer followed by the Bankex (4.01%), while the BSE IT index inched marginally lower (-0.16%). 

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Let me start my editorial giving you a quick perspective on the broader market scenario. Over the past five years, the Sensex has delivered a CAGR return of a mere 7.56%. This is way below the long-term average of 15%, that is expected from the market.

The Indian equity benchmarks ended Wednesday’s trade on an optimistic note, driven by strong buying sentiment in Realty and Banking. The Sensex and Nifty closed above their crucial 40,450 and 11,950 levels, respectively.

There are a lot of investment products and avenues available in the market. From fixed deposit (FD) to equity, we are surrounded by a wide range of investment options. In these situations, it is imperative for us to understand, which investment type suits our financial goals the best. For middle-class investors, investing a big amount at once is not that easy. Smaller investments at regular intervals, such as recurring deposits (RDs) with banks and systematic investment plans (SIPs) with mutual funds, are most convenient and apt for them. However, the question, here, arises, that which type of investment should you go with – RD or SIP? Let’s find out!

Sun Pharmaceutical Industries (Sun Pharma) announced that it has entered into a licensing agreement with AstraZeneca UK Ltd. (AstraZeneca) to introduce certain new ready to-use (RTU) infusion oncology products in China. These products will help in cancer treatments. The agreement will play a big role in bringing cost-effective and quality drugs to patients in China.

The Government of India, acting through the Directorate General of Hydrocarbons, Ministry of Petroleum and Natural Gas, has granted its approval for a 10-year extension of the production sharing contract (PSC) to Cairn Oil & Gas vertical of Vendata Limited, for the Ravva block in Andhra Pradesh. With this extension, the PSC is now valid, effective from October 28, 2019, for the next 10 years.

Maruti Suzuki and Toyota Tsusho Group have come together to set up Maruti Suzuki Toyotsu India Private Limited (MSTI), a 'one of its kind' vehicle dismantling and recycling joint venture.

Sun Pharma Advanced Research Company Limited (SPARC) has announced the grant of exclusive licenses to a subsidiary of China Medical System Holdings Limited (CMS) to develop and commercialize multiple products in Mainland China, Hong Kong, Macao, and Taiwan.

On Tuesday, the markets ended lower, with the benchmark indices halting their 7- day’s winning streak. Although the correction was mild as the markets bounced back from lower levels soon, the weakness of the preceding session is likely to continue on Wednesday. In early action, the SGX Nifty is seen sluggish and indicating a subdued start.

The level of 11,820-11,840 is a crucial support zone. On the upside, the level of 11,980-12,000 is expected to act as a stiff resistance. Stocks in news: Infosys, Sun Pharmaceutical, Hero Motocorp, PI Industries, Quess Corp, Aditya Birla Fashion and Retail, SPARC.

This fresh capital expenditure is mainly aimed at increasing production capacities at its facilities at Roha and Mahad. This capex is likely to be funded through the blend of debt.

Breaking a five-day winning streak, Indian equity benchmarks ended the volatile day of trade marginally in red on Tuesday due to the selling in frontline blue chip stocks, despite strong trend seen in the other Asian markets.

Dabur India reported an 8% YoY rise in revenues for Q2FY20. EBIDTA grew by 27% and PAT grew by 7.2% on YoY basis. The company’s FMCG business in India reported a volume growth of 4.8%.

When it comes to investing for your financial goals or even for the wealth creation purposes, you are bound to be anxious. Many a time, this anxiety results in bad decisions that impact your investments, severely. Here, the question arises that how will you control this anxiety and protect your finances from going haywire. Read on to find out more:

The proposed capacity addition is 45,000 MTPA. The period, within which the proposed capacity is to be added, is by the end of second quarter of FY21. The project will be funded with the mix of internal accrual and debt.

Immediate support for the Nifty is placed at 11,880, followed by 11,840 levels. On the upside, the level of 11,980, followed by 12,040, would act as immediate resistance points. Stocks in news: Mahindra & Mahindra, SMS LifeSciences, Tata Power, Bajaj Finance.

The following stocks will be in focus during Tuesday’s trading session in light of their results announcements: Dabur, NCC, Titan, Ajanta Pharma and Divi’s Labs.

In the last trading sessions, the BSE Sensex recorded a fresh all-time high, whereas, the Nifty attempted to reclaim the magical figure of 12,000 mark. However, the 12,000 mark on the Nifty remained a far-fetched dream. In the overnight trade on Wall Street, all three major indices touched record highs but there is not much from Asian peers to drive the market today.

Hikal Limited announced having received the Establishment Inspection Report (EIR) from the United States Food and Drug Administration (USFDA) for its Active Pharmaceutical Ingredient (API) unit located in Bangalore.

Bharat Heavy Electricals Ltd (BHEL) won an order for renovation, modernisation and uprating (RM&U) of the Chilla Hydro Electric Plant (HEP) from Uttarakhand Jal Vidyut Nigam Ltd (UJVNL). The project is valued at over Rs. 200 crore.

On the downside, the immediate supports are seen around 29890-29630 levels as it is the confluence of 8-day EMA and 13-day EMA. On the upside, the Bank Nifty needs to sustain above the zone of 30800-30600 level to maintain its positive stance. If it is unable to surpass this level, then there are chances of the index entering a corrective to sideways phase.

The stock of Adani Power Limited has given ascending triangle breakout on a daily time frame. This breakout was confirmed by the above 50-day average volumes.

 Traders were encouraged with Prime Minister Narendra Modi’s statement that India is among the top 10 destinations for foreign direct investment (FDI) in the world and received $286 billion of FDI in the last five years.

There have been quite some noteworthy events bearing significant influence on the stock markets in the past one year, right from credit events to the slashing of corporate tax rates. Let's figure out the performance of equity MFs in the past one year amidst all the buzz?

In a trading session earlier, the IT services and technology provider’s stock price had fell as much as 15 per cent intra-day after whistleblower raised questions over its corporate governance.

We expect the company's operating margin to improve going forward as the recent extraction of iron ore is expected to bring down costs since iron ore is a major raw material in the steel producing process.

On November 1, 2019, the USFDA issued an update containing the latest information of Ranitidine. Concluding from the results provided by the USFDA, Strides Pharma’s Ranitidine Tablets 300 mg (Rx) are within acceptable limits for NDMA of 96 nanograms per day or 0.32 ppm.

Inox Wind has received an order from ReNew Power Ltd under the SECI - 2 regime for 38MW wind power project to be developed at Anjar in Gujarat. Reacting to this news, the stock of the company gained by 4.19 per cent in today's morning trading session.

KEC International informed the bourses that it has secured orders worth Rs1,806 crore. The company’s won these orders under Railways, Transmission & distribution, and Civil & cables verticals.

Under Agri machinery products, the volume stood at 19750 units down by 6.1 per cent yoy. Overall lower volumes and unfavourable product mix led to margin deterioration.

In the short term, 11,700-11,720 is a very crucial support level for the index. On the flip side, a follow-through strength above the prior week high of 11,945 would lead to an acceleration of upward momentum towards the level of 12,103 in the short term. Stocks in news: Edelweiss Financial Services, Reliance Capital, Coal India, Ashok Leyland, Alkem Laboratories, Vodafone Idea, InterGlobe Aviation, Seamec.

The last week was a fabulous one for the bulls as the key benchmark indices closed in positive terrain on all trading sessions of the week. The bulls like to carry the positive baton from last trading week and the Indian markets are set to start the week on a positive note on the back of a strong close on Wall Street in Friday’s trade and also, cheerful cues from Asian peers are helping the cause.

The stocks to watch out on November 4 include Kansai Nerolac, NCC, Tata Power, IndiGo, and Tata Motors.

The following stocks will be in focus during Monday’s trading session in light of their results announcements: Escorts, Unichem Laboratories, Advanced Enzyme Technologies, Relaxo Footwears and BEML.

Along with robust volumes, the stock of Ipca Laboratories Limited has given a downward sloping trendline breakout on the daily time frame. Additionally, the stock had formed an opening bullish Marubozu candle on the breakout day, which added strength to the breakout.

Our Bollinger Band Squeeze scanner picked PVR limited, which indicates that the stock is near a consolidation breakout.

The stock of Mishra Dhatu Nigam Limited has given a symmetrical triangle breakout on the weekly time frame. This breakout was confirmed by the above 50-week average volumes.

Considering the daily time frame, the stock of Bajaj Finserv Limited has given a breakout of bullish flag pattern, suggesting an upside move in the counter. This breakout was confirmed by the above 50-day average volume.

The stock of ICICI Bank Limited has formed a shooting Star candlestick pattern on the weekly time frame. The shooting Star candlestick formation is viewed as a bearish reversal candlestick pattern, which typically occurs at the top of an uptrend.

Promoters of Jyothy Labs sold 4 per cent of the company's shares worth Rs. 260 crore in a block deal. Promoters had invested in the company during Henkel's acquisition.

Cadila Healthcare’s manufacturing facility located in Baddi, has received the Establishment Inspection Report (EIR) from United States Food and Drug Administration (USFDA), stating that the classification of the facility is in ‘No Action Indicated (NAI)'. The USFDA had conducted inspection at the company’s formulations manufacturing facility at Baddi in Himachal Pradesh from July 15-19, 2019.

The auto component maker, Minda Corporation today informed the bourses that it has partnered with Bajaj Auto during the recent launch of the Bajaj Chetak to supply it with its products.

Maruti Suzuki, leader in passenger car space, has seen some revival in the auto sales for the month of October 2019. It announced an increase of 4.5 per cent on YoY basis in total sales for the month of October.

Cochin Shipyard Limited on Friday informed that it has signed the Phase-III contract for Construction of the Indigenous Aircraft Carrier for Indian Navy.

Dilip Buildcon Limited has been declared the L-1 bidder by the Airport Authority of lndia for the construction of a new greenfield airport at Hirasar, Rajkot, Gujarat.

You may find many people around you who are clumsy when it comes to managing money. In fact, you yourself might be finding it hard when it comes to managing money. Here are some of the money habits which you should start right away.

SRF Limited has informed the bourses that there has been a cost overrun in one of its project due to change in the original design and the installation of additional effluent treatment equipment.

One of the reasons for lower penetration of mutual fund in India is fear of taking that first step towards investing in MF. In the following paragraph, we hilight the points you should keep before buying your first mutual fund scheme.

The Nifty closed October with a gain of 3.51 per cent at 11,877. We begin November with a double whammy. At first, the output of the eight core infrastructure industries contracted by 5.2 per cent in September and after that, trade war concerns came to the forefront after officials from China doubted about a long-term comprehensive deal with the US. Both of these news could play a spoiler in the party that investors and traders are currently reveling in.

Traders can wait for dips to enter the market and the level of 11,720-11,750 is an ideal point to enter since it is a good support for the index. Nifty crossing its October 31st level could open gates for the magical mark of 12,000 and above. Stocks in news: IndusInd Bank, DLF, Aster DM Healthcare, Jai Prakash Power Ventures, Vodafone Idea, SRF, Prakash Industries, Hero Motocorp, Aarti Drugs.

Ahluwalia Contracts informed the bourses that it has secured orders worth Rs. 521.71 crores. The stock of Ahluwalia Contracts was trading flat, it opened at Rs. 304.5 and settled for the day at Rs. 303 per share.

Ahluwalia Contracts informed the bourses that it has secured orders worth Rs. 521.71 crores. In today’s trading session, the stock of Ahluwalia Contracts was trading flat. The stock opened at Rs. 304.5 and settled for the day at Rs. 303 per share.

The BSE Sensex ended at 40,129.05, up by 77.18 points or 0.19%, after hitting all time high of 40,392.22. The broader indices ended in green as the BSE Mid cap index rose 1.08% while Small cap index was up by 0.93%.

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The shares of the bank had plunged as much as 70 per cent from their highs due to multiple issues regarding stressed assets and bad loans. The bank had loan advances to weak firms, such as Jet Airways and Reliance communications. 

Quess Corp Limited has reported its results for the quarter ending September 30, 2019. The consolidated revenue for the quarter is come at Rs. 2650.25 crore as against Rs. 2091.71 crore in the corresponding quarter last year, registering a 26.7 per cent yoy increase.

On Wednesday, ICICI Lombard announced a bancassurance tie-up with Karur Vysya Bank. The association will provide the bank’s customers an access to their insurer’s portfolio and make insurance more accessible to its customers across India.

TVS Motor company announced their partnership with Cadisa Group for Guatemala and EI Salvador on Wednesday.

Shares of Akme Star gained around 18 per cent intraday on Thursday as the company announced that Arkfin Investments invested ~USD 2 Million or 15.5 Crores in Akme Star Housing finance. 

The company has already started the commercial production at its subsidiary plant and expect a gradual ramp up in the near future. It is also expecting an environmental clearance for its 90-acre Greenfield project in November 2019.

The Indian equity markets were poised to break into a new record territory post the strong global cues and supportive domestic developments during early trade on Thursday. Index was topped by Infosys, SBI and Tata Motors which traded higher by 4.33 per cent, 4.29 per cent and 3.40 per cent intra-day.

Intellect Design Arena announced that it would offer its Digital Core solution, IDC 19.1, to the UK-based The Commonwealth Trade Bank.

Welcome to last trading session of the October month! It also happens to be the last trading session of the October F&O series. This month has been a favourable month for the bulls as Nifty has logged gains of approximately 3 per cent with improved market breadth. The bulls would like to end the month on a high note and extend their lead.

The low of the prior bar, that is 11,784, would now act as an immediate support level, followed by 11,720 levels. While on the upside, the immediate resistance would be seen around 11,880 levels. Stocks in news: Reliance Industries, Vodafone Idea, ICICI Lombard General Insurance Company, TVS Motor, Intellect Design Arena, CreditAccess Grameen, HDFC, Arrow Greentech, Bharti Airtel.

The survey aims to collect and assess qualitative assessments of the business climate by companies in India's manufacturing sector for Q2FY20 and their expectations for the current quarter. 

Indian equity benchmarks gained over half a per cent on Wednesday, on the back of better-than-expected corporate earnings from some frontline companies. This was the second consecutive day of rise for the domestic markets, crossing the crucial 40,000 (Sensex) and 11,850 (Nifty) level.

Ramco Cements has reported results for second quarter ended September 30, 2019. The shares of the company gained over 6 per cent intraday on Wednesday owing to result announcement.

The stock of United Bank of India hit its upper circuit of 20 per cent before closing for trading at Rs. 8.9 per share on Wednesday. The surge in the stock price was due to improved financial results announced by the bank for Q2FY20.

RBI has imposed a penalty of Rs. 1 crore on Bandhan Bank due to failure to bring down the shareholding of Bandhan Financial Holding to 40 percent of its paid-up voting capital within three years from commencement of the business of the bank.

The Kochin Metro Rail project is aimed at providing inland water transport using electric or hybrid technology. Total requirement of KMRL stands at around 78 high quality boats of international standards.

The stock price took a beating after company's second quarter results. It reported net loss of Rs. 1061.99 crore for the quarter as compared to loss of Rs. 651.55 crore for same quarter of last fiscal year. 

The strong positive bias, which the Indian markets are currently trading with, is not likely to subside anytime soon. In early action, the SGX Nifty is trading higher by 3 points at 11,809 levels. There is not much on the global front to drive the markets today as global cues are mixed, hence, the earning season will continue to drive the sentiment on the D-Street. 

Overall, the bulls are in the driver seat and, we believe, there is still some steam left on the upside until the music stops and actually breaks the key support. We would advise traders not to argue against what the market is telling you through the price action. Stocks in news: Central Bank of India, Bandhan Bank, Lemon Tree, InterGlobe Aviation, Wipro and PVR.

Alembic Pharmaceuticals has reported results for second quarter ended September 30, 2019. The shares of the company gained around 2 per cent intraday on the back of the result announcement.

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The BSE Sensex ended at 39831.84, up by 581.64 points or 1.48%. The broader indices ended in green; the BSE Mid cap index gained 1.13%, while Small cap index was up by 0.57%.

Indian equity markets were trading around their intraday high points in the afternoon trading session, with Sensex and Nifty gaining around 627 and 173 points, respectively.

Welcome back to D-Street. I hope you enjoyed the long Diwali weekend splendidly. In early action, SGX Nifty indicates markets to open on a flat to positive note on the back of the rally seen on Wall Street overnight after the White House hinted that the phase one of the trade deal with China Could be signed the next month. 

As there is more good than bad on the charts at the current juncture, with the index still trending above the daily 8EMA and holding above its 38 per cent retracement of the up move. This makes us believe that the area of 11,700-11,720, which is a crucial resistance, should be on test soon. Stocks in news: Mahindra & Mahindra, GVK Power & Infrastructure, Vodafone Idea, Dr Reddy’s Laboratories and Reliance Industries.

Dilip Buildcon Limited has been declared L-1 bidder by the U.P Expressways Industrial Development Authority in the state of Uttar Pradesh.

Piramal Enterprises announced that its Board has approved fresh capital raise of Rs. 5,400 crores through a Rights Issue and preferential allotment of Compulsory Convertible Debentures (CCDs).

The stated approval for Mysore-Bellary Highway is the eighth such approval among 9 the contracts between Indinfravit and Sadbhav infra projects. 

The Aeroflex Industries in engaged in manufacturing of Stainless steel flexible hoses. It is the first company in South East Asia to manufacture 14 inch stainless steel hoses. 

Dixon Technologies and Samsung India Electronics, entered into an agreement for manufacturing Mobile Phones. Dixon will be manufacturing feature phones for Samsung from its new manufacturing facility located at Noida, Uttar Pradesh.

If the index moves above the recent swing high of 16,874 or breaks above the sloping resistance line of falling wedge pattern, then it will give a confidence to the bulls. Until then, we can consider the current upswing to only be an attempt to overcome the oversold condition.

So far the worst hit stocks in the market from 2018 have been small caps and mid caps. Some recovery was seen during the period March to May 2019 but yet again a massive correction was seen till September 2019.

Bharti Infratel has informed the bourses that its board of directors have extended the deadline of its merger with Indus Towers by 60 days to December 24. The board has accepted the recommendation of extension provided by committee of directors.

Shilpa Medicare has received Establishment Inspection Report (EIR) from US Food and Drug Administration (USFDA) on 24^th October 2019, for the Finished Dosage Formulation Facility.