TV Today reported subdued Q3FY17 results as advertising revenue was impacted due to demonetisation. The company reported net sales de-growth of 6.4% yoy at Rs 140.9crs. EBITDA and PAT declined by 30.5% and 28.4% respectively. We expect ad revenue to pick up in Q4FY17E post advertising spends revival. TV T
TECHNICAL RATIONALE – BERGERPAINT, after consolidating around its long term averages on the daily chart, has formed a fresh buying pivot and likely to witness fresh surge in the near future. Traders should use this pause to accumulate in the given range.
AXISBANK added around 32% of open interest as fresh long positions. It has rolled around 41% into next contact. Call buying (unwinding buy writers) was seen at 490 & 500 strikes, put writing was seen at 490 & 500 strikes. It has also witnessed upside breakout from congestion zone of last four months and so with
After consolidating around its long term averages on the daily chart, Siemens now look all set for an up move. The confirmation oscillators are also in agreement to the chart pattern. Traders can utilize this phase to accumulate this stock.
22/02/2017 12:53:39 PM|Posted in Broking Firm Views - Short Term Reportread full news
Nifty managed to settle marginally higher in a volatile session today. The first half was dull but rebound in select banking majors in latter half fuelled the momentum. Amid all, participants were busy in rollover and unwinding their derivatives positions.
Almost all the sectoral indices have participated in this rally so far an
TTAN’s Q3FY17 net sales/EBITDA/adj. PAT grew 14%/21%/13% YoY. Jewellery sales were up 15.4% YoY with flattish EBIT margins while watches sales grew 5.1% YoY with 370bps EBIT margin expansion. Management stated than the Jan’17 sales trajectory continues to be healthy. We raise estimates but maintain
NIFTY futures added around 5% of open interest as long positions. It has rolled around 20% into next contract so far. Call buying was seen at 8900 strike and huge put writing was seen at 8800 strike. We recommend doing bull spread in nifty as per levels given below.
Nifty settled with decent gains today and inched closer to 8900, thanks to positive domestic cues and firm global markets. The news of GST Council clearing states compensation law and buying in the select index majors pushed the index higher. Movement was mixed on the sectoral front wherein metal, IT and realty topped the gainers list.
KOTAKBANK added around 16.70% of open interest as long positions along with some delivery based buying in previous session. Call buying (unwinding by writers) was seen at 800 strikes. We recommend buying Kotak bank 800 CE as per levels given below.
PETRONET managed fresh breakout on 17th February, from trend line resistance barrier placed on the daily chart. The breakout was supported by decent volume, indicating buyers interest at current levels. Hence we suggest traders to go for long position in th
Markets were on a roller coaster ride today, largely influenced by the banking pack especially private ones. The strong surge in private banking major HDFC bank, after the RBI's withdrawal of FII stake-buy restriction, triggered a gap up start in Nifty too. But, lack of participation from other sectors and profit taking in the banking
Below is the views on weekly technical recommendations by Mr. Jayant Manglik, President, Retail Distribution, Religare Securities Ltd
Markets managed to settle marginally in green amid volatility, continuing the consolidation phase. Cues were mixed on domestic front where contraction in IIP figure and an uptick in WPI inflation dampened the sentiment. Surprisingly, pa
KOTAKBANK added around 16.70% of open interest as long positions along with some delivery base buying in previous session. Call buying (unwinding by writers) was seen at 800 strikes. We recom-mend buying Kotak bank 800 CE as per levels given below.
* Sonata Software Ltd is an IT services and Solutions Company and it is involved in the provision of IT services and solutions to its customers, and distribution of software products in India. The company operates in two major business units: international IT services (IITS) and domestic products and services (DPS).
TATA’s consol. Q3 EBITDA/PAT of Rs 35.4bn/Rs 1.7bn beat street estimates by 14%/55% led by strong India operations (EBITDA: + 77% QoQ to Rs 33.8bn, EBITDA/t: Rs 11,300 vs. Rs 7,300 in Q2). With TATA guiding for better Q4 EU profits, we expect a stronger performance QoQ as India operations mitigat
HINDZINC added around 3.7% of open interest as fresh long positions. Call buying (unwinding by writers) was seen as 305 & 310 strike. On charts, it is trading above short term as well as long term moving averages in higher highs higher lows formation. We expect it to test 320 levels in short term. We recommend buying HINDZINC 305 C
Markets rebounded swiftly today and gained over half a percent. The upbeat trade deficit figure aided a firm start which was supported by select index majors. Mostly sectoral indices traded in line with the benchmark and ended higher. Besides, recovery in the midcap and smallcap space added to the positivity. We feel the consolidation is