Today is the last trading session of the Samvat 2075 and market participants would wish to bid adieu to it on a high note. However, all hopes to end this year with an explosive trading session seem quashed with the likely cautious opening of the market this morning, thanks to India’s growth being slashed by Fitch to 5.5 per cent for the current fiscal.

The zone of 11,500-11,550 level is a crucial support area and the level of 11,700-11,720 is a resistance zone. A sustainable move on either side would lead to a trending move. Stocks in news: Tata Steel, Power Grid, Chalet Hotels, Vodafone Idea.

Editorial

Street Talk

Technical Analysis

Diwali Recommendation

Review

Cadila Healthcare Limited's wholly owned subsidiary Liva Pharmaceuticals Ltd. has received USFDA approval for Haloperidol Decanoate Injection.

The following stocks would be in focus during Friday’s trading session in light of their results announcement: Jubilant Life Sciences , State Bank of India, Tata Motors, V2 Retail and HeidelbergCement India.

Key indices made optimistic start, as investors took some encouragement after India jumped 14 places to the 63rd position on the World Bank's ease of doing business ranking, riding high on the government's flagship Make in India scheme and other reforms attracting foreign investment.

Data Bank and Dividend.

The commodity markets in India have always been vibrant and thriving with innovations. Geyatee Deshpande explores what is in store for commodity markets in India with the advent of commodity options, and mutual funds being allowed to participate in commodity derivatives.  

Alembic Pharmaceuticals announced that its joint venture named Aleor Dermaceuticals received approval for Desonide Ointment, 0.05 per cent from USFDA.

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

Review

Query Board

Low free float stocks have always been of great interest to investors. The majority, however, is not sure if these free float stocks deliver consistently across market cycles. Shohini Nath explores the performance of low float stocks, not before defining them accurately and sharing the pros and cons of investing in low free float or low volume stocks. Read on as you may find some interesting facts on undiscovered and illiquid stocks:

Bharat Sanchar Nigam Limited (BSNL) sees this as a very important step from the government. According to the latest published financial numbers by the company, its net loss stood Rs. 8000 crore in fiscal 2018 while MTNL, for FY19, reported net loss of Rs. 3390 crore.

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.

Diwali is the festival that brings light and prosperity, hope and joy to everyone’s life. Diwali is also a time to overcome shortcomings and biases in the investment process and initiate rectification process to brighten one’s financial future.

With the global economy slowing down and the Indian economy struggling to grow at its potential, the journey for equity investors looks uncertain. Yogesh Supekar explains why, in spite of the struggle on economy front, Sensex can inch higher by next Diwali. Also included top Diwali picks for 2020 recommended by the DSIJ research team. Read on…

Aurobindo Pharma has informed the exchanges on receiving final approval from the US Food & Drug Administration (USFDA) for Guaifenesin tablets.

Siemens India is a flagship company of Siemens AG (Germany). It is an integrated technology provider and one of the leading powerhouses in electronics and electrical engineering across the country.

A revival in the domestic investment cycle is very likely, which could result in earnings upgrade and re-rating of companies that pay full tax rate.

Most of the people depend on EPF balances, NPS balances, annuities, etc. to ride through retirement. However, ignoring the risks that are involved in retirement can create a problem. So, what are those risks? Let’s find out.

All of us want to be wealthy but not everybody is interested in taking risk by investing in stocks. For such people, equities and equity-dedicated instruments, such as mutual funds, are much safer a bet. However, there are only a few, who could successfully create wealth for them through these instruments, despite equity being considered as one of the best asset classes to create wealth

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 resolve.

Star ratings are profoundly used while making decisions regarding mutual funds investments. These ratings are based on past performance of the funds and certainly do not reveal anything about the future. DSIJ clears the air around investing in mutual funds, based solely on star ratings.

NIFTY Index Chart Analysis

The Samvat 2076 mood of the Indian stock market

Profit after tax in Q2FY20 more than doubled to Rs. 193.8 crore from Rs. 89.5 crore in Q2FY19. Further, the company recorded 222 bps and 778 bps improvement in ROCE and ROE to 26.3 per cent and 22 per cent for Q2FY20 respectively.

Investment Strategies

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.

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

Most of us would not buy a new mobile phone just because it looked great from the outside. Before zeroing on a mobile to buy, we would first do a thorough walkthrough of the product. We would look for its battery life, check for its camera quality,

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

Nifty and Sensex have been busy responding to the financial results announced by companies for the quarter ended September 30, 2019. With the festive season at the doorstep, the demand for commodities is expected to pick-up.

Your previous cover story on beaten down stocks really made me reconsider my choices of stocks to add to my portfolio.

By the time you would be reading this editorial, the festive spirit would have gripped the entire nation, with people uniting to celebrate the mega Hindu festival, Deepavali.

Dr Reddy's Laboratories on Wednesday said that it has voluntarily recalled all its Ranitidine medicines from US market due to contamination with probable cancer causing N-Nitrosodimethylamine (NDMA).

In the early act, SGX Nifty can be seen marching higher, with global cues being supportive this morning. Further, bulls will take a sigh of relief from the fact that the IMF sees the Indian economic growth, rebounding to around 7 per cent in the next financial year. However, as the day progresses, all eyes will be on the results of the Assembly election, recently held in Haryana and Maharashtra.

The level of 11,550 is immediate support for the Nifty and a sustainable move below this can create opportunities for further corrections towards 11,450 level. Meanwhile, the level of 11,700-11,715 poses stiff resistance for Nifty on the upside. Stocks in news: GMR Infrastructure, Yes Bank, HCL Technologies, PVR, Hindustan Aeronautics, DHFL.

Lupin Limited received approval for its Divalproex Sodium Extended-Release (ER) Tablets USP, 250 mg and 500 mg, from the United States Food and Drug Administration (U.S. FDA), to market a generic equivalent of Depakote Extended-Release Tablets, 250 mg and 500 mg, of AbbVie Inc.

The proposed investment involves a subscription (acquisition) of the equity shares of KPPL, in which the company presently holds 97.89 per cent shares. 

Larsen and Toubro Hydrocarbon Engineering Limited (LTHE) on Wednesday, has been awarded a mega EPCC project by Hindustan Petroleum Corporation Limited (HPCL). LTHE is a wholly owned subsidiary of Larsen and Toubro.

The BSE Sensex ended at 39058.83, up by 94.99 points or 0.24%. The broader indices ended mixed; the BSE Mid cap index fell 0.18%, while Small cap index was up by 0.24%.

Jubilant Life Sciences’ material wholly owned subsidiary Jubilant Pharma through one of its wholly owned subsidiaries has received Abbreviated New Drug Application (ANDA) final approval

The shares of Bank of Maharashtra gained almost 7 per cent intraday after announcing their September end quarterly result of the current fiscal year.

EMI is something some people think of casually, while some consider it as a ticking bomb. However, what if you only need to pay the principal amount in installments? Read on to find out more on whether to opt for no cost EMIs or not.

In the second quarter of FY20, Syngene reported 11 per cent growth in the  total income to Rs. 485.2 crore from Rs. 436.8 crore in corresponding quarter a year ago

Muthoot Finance Ltd, has successfully priced a USD 450 Million Fixed Rate Senior Secured issuance in 144A / Reg S format for a 3 year tenor at 6.125 per cent.

The last trading session saw key benchmark indices snapping their six-day winning streak. The bears found some space to comeback among the rampaging bulls; however, their success seems to be limited in scope. The early indications from SGX Nifty suggest the index to open flat to positive, as it is trading at 11,618.50 levels.

The level of 11,475 is likely to act as an important support going forward. Sustaining above the level of 11,700 would open doors for an upmove towards levels of 11,780. Stocks in news: Lupin, PEL, Bajaj Finserv, Linde India, Subros, Jubilant LifeSciences.

The share price of  Infosys is down by 15% in today’s trade, due to corporate governance issue. Read on to find how it is going to impact NAVs of mutual fund holding shaers of Infosys.

The stock of Shriram Transport Finance Co. Ltd (SRTRANSFIN) has formed a Three White Soldiers pattern on the daily time frame. Three White Soldiers is a bullish candlestick pattern that is used to predict the reversal of the current downtrend in a pricing chart.

The stock of Berger Paints India Limited has formed a Bearish engulfing candlestick pattern on the daily time frame.

The company’s profit after tax jumped by 88 per cent YoY to Rs. 32.46 crore. This was partly aided by higher other income of Rs. 7.13 crore in the quarter as compared to Rs. 5.73 crore in the corresponding quarter of previous year. Also, PAT margin for the period improved to 10.4 per cent from 8.1 per cent in Q2FY19.

Considering the weekly scale, the stock of Just Dial Limited has formed Hammer candlestick pattern near upward sloping trendline support and it coincides with the 100-week EMA, suggesting bulls are taking control near the long term support.

The scheme information document (SID) of the fund gives you a whole lot of information about the fund, however, four things you need to know and check about a fund before you decide to buy its unit.

Bharat Heavy Electricals Limited (BHEL) has successfully commissioned 1x800 MW Wanakbori Unit 8 Expansion Project in Gujarat. Located in Kheda district of Gujarat, the project is owned by Gujarat State Electricity Corporation Limited (GSECL), a state-owned power generation company.

This fund will be used to increase its grinding capacities in Bihar and West Bengal by 0.6 MTPA each and a new grinding unit of 2.2 MTPA in Odisha. All plants will be commissioned by Q1FY21E.

Everyone in this world wishes to become wealthy, but very few get successful. So, here are some tips that should help you to become wealthy.

AstraZeneca Pharma India Limited has informed the bourses that it will launch Durvalumab (lmfinzi) in India on October 22, 2019.

The SGX Nifty is trading down by 55 points at 11,643 levels. On earning front, the key stocks, such as Asian Paint, Bajaj Finance, Bajaj Finserv, and Kotak Bank, will report their results today.

A sustainable move above 11,696 mark will result in an extension of the upmove towards the levels of 11,790-11,830 mark. For now, the failure to pierce above the last week’s high and close below the prior low will be the first sign of profit booking. Stocks in news: Wipro, CreditAccess Garmeen, Jubliant LifeSciences, Granules, Sadbhav Infrastructure Project, Tata Motors, Infosys.

The stock of Manappuram Finance Limited has given breakout of 'Cup and Handle' pattern on the daily time frame. This breakout is supported by robust volumes.

The board of directors of Sadbhav Engineering (SEL) and Sadbhav Infrastructure Project (SIPL) have approved the merger of Sadbhav Infrastructure into Sadbhav Engineering, according to their exchange filings. Sadbhav Infrastructure is the subsidiary of Sadbhav Engineering.

We have listed down top five companies of BSE500 in which FIIs have increased their stake and top five companies of BSE500 in which FIIs have decreased their stake between the last two quarters, i.e. from quarter ended on June 2019 to quarter ended on September 2019.

The banking benchmark index Bank Nifty is moving in the sequence of higher highs since Monday. It has gained almost 1077 points or 3.84 per cent and the price action has formed a sizeable bullish candle on the weekly scale.

In terms of market share, the private players command nearly 90 per cent of the market share and the rest belongs to BSNL and MTNL as on 31^st August 2019. Vodafone Idea remained the market leader with share of 32.03 per cent followed by Reliance Jio 29.74 per cent and Bharti Airtel 28.01 per cent.

There are various ways in which one can plan for their retirement. 3:1 ratio is one such way. So, what is it and whether you should rely on it or not? Let’s find out.

Investors need to look at main profitability ratios as listed below. While these main, the investors must also look at other ratios and aspects as well.

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

Gillette India Limited stock has given a Symmetrical Triangle pattern breakout on the weekly scale. This breakout gets confirmed by the above 50-week average volumes.

Considering the weekly time frame, the stock of ACC limited has bounced back from the edge of the rising trendline support that is formed by connecting the swing lows from July 2018. The reversal from the support is further justified with strong volumes.

Gujarat Gas Limited was picked by our Bollinger Band squeeze scanner which suggests that the stock is near a consolidation breakout.

The airlines also saw declines in load factor. Though, the IndiGo maintained its dominant position with 48.2 per cent market share. On the other hand, SpiceJets market shares fell to 14.7 per cent in September 2019 from 15.5 per cent in August. 

On Friday, Sensex rose 0.64 percent to close at 39,301.22 while the Nifty rose 0.65 percent to end at 11,661.75. For the week, Sensex and Nifty closed higher by 2.9 per cent and 3 per cent respectively. 

The order won on Friday is its fourth win during the current month. Earlier, this week it secured two orders worth Rs. 50.48 crore and Rs. 60.58 crore in Odisha state. Last week it secured order worth Rs. 220.66 crore in Uttar Pradesh.

Amber Enterprises India Limited on Friday informed about acquisition of Equity Share Capital of EVER Electronics Private Limited.

Indoco Remedies a fully integrated, research-oriented pharma Company informed the bourses today that its Clinical Research Organisation (CRO), AnaCipher, located at Hyderabad has cleared the USFDA (United States Food and Drug Administration) inspection with zero 483s.

The strong liquidity position disclosure from Indostar Capital gives it the much needed boost. As of end of FY19, the networth of the company stood at Rs. 3,006 crore. The gearing has increased to 3.6x in FY19 from 2.9x of earlier fiscal.

Larsen & Toubro Infotech (LTI) on Thursday announced that it has signed a definitive agreement for acquisition of 100 per cent stake in PowerupCloud Technologies. The company will settle this transaction for cash consideration.

The stock price took a lot of beating after the cancelation of the buy back proposal. Stock price traded at Rs. 633 when it first informed about the buyback. It corrected 15 per cent to Rs. 540 in August 2019.

We have listed down top five companies in which promoters have increased their stake and top five companies in which promoters have decreased their stake in the quarter ended September 30, 2019.

After a high-five by the bulls on Thursday, there seems to be a clear fatigue has set in as the indications by SGX Nifty in early deals suggest that the market may open with a modest decline today since it is trading 26 points lower at 11,580 levels.

There are two major roadblocks for the index which are placed at 11,620 level which is a critical sloping trend line resistance followed by the prior pivot which is placed at 11,695 level. If these levels are cleared then the next target is placed at 11790. Stocks in news: Cipla, LTI, NOCIL, Indiabulls Housing Finance, SEAMEC.

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

Alicon Castalloy Limited has won multi-year contracts worth Rs 810 crore with two leading global automakers and two Tier 1 Global Suppliers. These contracts are spread over a period of 5 years with supplies commencing in stages between June 2020 and December 2021.

Sentiment Indicators

Review

Karur Vysya Bank on Wednesday informed the tie up with Home Credit India (HCIN) for a unique lending partnership.

The developments over the past few days have suddenly provided an added gush of confidence in a downbeat market sentiment. 

Street Talk

Investors also cheered with a report that the digital payment system that has been developed in India not only allows big tech companies to participate in it but also has convenience, ease of use, low cost and financial inclusion.

Pennar Industries Limited has announced to the bourses that it has bagged orders worth Rs 304 crore across its business verticals during the month of September 2019.

Prakash Industries Limited has commissioned its 6th Sponge Iron Rotary Kiln and has started commercial production. The commercial production from the new Sponge Iron Rotary Kiln with additional power will result in significant cost savings to the Company.