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Pre-market comment for Friday September 8 By Deven Mehata, Choice Broking Ltd Pre-market comment for Friday September 8 By Deven Mehata, Equity Research Analyst  Choice Broking Ltd On September 8th, the anticipated market scenario suggests a slightly upbeat opening for both the benchmark Sensex and Nifty indices. The GIFT Nifty's indications point to a positive start for the broader index, with an expected gain of 24 points. On the previous trading day, the BSE Sensex made an impressive leap of 385 points, reaching a level of 66,266. Similarl...
Pre-market comment for Friday September 8 By Deven Mehata, Choice Broking Ltd
Pre-market comment for Friday September 8 By Deven Mehata, Choice Broking Ltd
Source: Choice Broking Ltd
8/09/2023 12:21:30 PM
MCX Gold future is trading near 59200 currently By Sumeet Bagadia, Choice Broking Ltd Gold price has takes retracement in pas couple of sessions from its latest highs and it seems like we may expect further decline in Gold price. MCX Gold future is trading near 59200 currently.On the other hand,Comex Gold is been at $1925. Comex Gold future has reversed from its peak of $1952 level and trading negatively since past couple of sessions. This decline in Gold price is fueled by surge in Dollar index which is trading above 104.50 levels. Alongside Dollar index 10-Year Treasury y...
MCX Gold future is trading near 59200 currently By Sumeet Bagadia, Choice Broking Ltd
MCX Gold future is trading near 59200 currently By Sumeet Bagadia, Choice Broking Ltd
Source: Choice Broking Ltd
7/09/2023 12:35:55 PM
Pre-market comment for Thursday September 7 By Ameya Ranadive, Choice Broking Ltd Pre-market comment for Thursday September 7 By Ameya Ranadive, CMT CFTe Equity Research Analyst Choice Broking Ltd On September 7, the benchmark Sensex and Nifty indices are anticipated to commence the trading day with a marginal dip. This cautious sentiment is underscored by the India VIX, which exhibited an intraday decline of 1.39 percent, ultimately settling at 10.67. Notably, the market index enjoys a firm support base within the range of 19,450 to 19,500. Adding to the positive ...
Pre-market comment for Thursday September 7 By Ameya Ranadive, Choice Broking Ltd
Pre-market comment for Thursday September 7 By Ameya Ranadive, Choice Broking Ltd
Source: Choice Broking Ltd
7/09/2023 12:09:36 PM
Krishna Janmashtami Pick 2023 By Sumeet Bagadia, Choice Broking Ltd MARICO Ltd On weekly chart, we observe that MARICO is on the brink of a significant range breakout. MARICO has formed a double bottom pattern on the weekly timeframe. This pattern is often seen as a reversal signal, suggesting that the stock may be poised for an upward price movement. Key technical indicators also support this bullish outlook. The Relative Strength Index (RSI) is currently above 64, indicating that the stock is in a favorable bullish zone. Additionally, the Stocha...
Krishna Janmashtami Pick 2023 By Sumeet Bagadia, Choice Broking Ltd
Krishna Janmashtami Pick 2023 By Sumeet Bagadia, Choice Broking Ltd
Source: Choice Broking Ltd
6/09/2023 3:19:05 PM
Pre-market comment by Deven Mehata, Choice Broking Ltd The benchmark Sensex and Nifty indices are likely to open higher on September 4 as trends in the GIFT Nifty indicate a positive start for the broader index with a gain of 50 points. The charts indicate that the Nifty may get support at 19,400, followed by 19,350 and 19,300. If the index advances, 19,500 would be the initial key resistance level to watch out for, followed by 19,535 and 19,575. Foreign institutional investors (FII) bought shares worth Rs 487.94 crore, while domestic insti...
Pre-market comment by Deven Mehata, Choice Broking Ltd
Pre-market comment by Deven Mehata, Choice Broking Ltd
Source: Choice Broking Ltd
4/09/2023 2:16:00 PM
Nifty ends higher for the third session Nifty overcame early volatility to end higher for the third session on Wednesday. At close, Nifty was up 0.25 per cent or 47.6 points at 19,444, while the Sensex rose 213 points to settle at 65,433.30. Volumes on the NSE was higher than the previous two days. The broad market indices rose more than the Nifty even as the advance decline ratio remained firm at 1.47:1, said Deepak Jasani, Head of Retail Research at HDFC Securities. The Indian market recovered after long consolidation, as m...
Nifty ends higher for the third session
Nifty ends higher for the third session
Source: IANS
23/08/2023 5:07:08 PM
Netweb Technologies IPO subscribed 9.14 times on Day 2 Initial Public Offering (IPO) of Delhi-NCR-based Netweb Technologies Ltd, country’s leading high-end computing solutions (HCS) provider, with fully integrated design and manufacturing capabilities was subscribed 9.14 times on the second day of bidding. The issue received bids of 8,09,39,130 shares against the offered 88,58,630 equity shares, at a price band of ?475-500, according to the data available on the stock exchanges. Non-Institutional Investors was the most ...
Netweb Technologies IPO subscribed 9.14 times on Day 2
Netweb Technologies IPO subscribed 9.14 times on Day 2
Source: PR Agency
18/07/2023 6:50:25 PM
Nifty settles over 19,700 for first time ever Following Monday's flat to positive opening, the Nifty was bullish throughout the day to close at an all-time high, said Deven Mehata, Equity Research Analyst, Choice Broking. The market traded in positive with the Sensex gaining 0.80 per cent to close at 66589.03, while Nifty was up by 0.75 per cent intraday and closed at 19,711.45 levels, its highest ever,  whereas Bank Nifty was up by 1.41 per cent to settle at 45449.75. Among the sectors, Nifty PSU Bank, Nifty Fin Service a...
Nifty settles over 19,700 for first time ever
Nifty settles over 19,700 for first time ever
Source: IANS
17/07/2023 4:50:35 PM
IPO Notes : Netweb Technologies Limited By Choice Ltd Salient features of the IPO: • Netweb Technologies India Ltd. (NTIL), India’s leading high performance computing solution provider is coming up with an IPO to raise around Rs. 630cr, which opens on 17th Jul. and closes on 19th Jul. 2023. The price band is Rs. 475 - 500 per share. • The IPO is a combination of fresh issue (Rs. 206cr) and OFS (Rs. 403.8 - 425cr). The company will not receive any proceeds from the OFS portion. From the fresh issue net proceeds, NTIL will be...
IPO Notes : Netweb Technologies Limited By Choice Ltd
IPO Notes : Netweb Technologies Limited By Choice Ltd
Source: PR Agency
17/07/2023 4:42:25 PM
Budget Picks 2023 By Sumeet Bagadia, Choice Broking UPL Ltd The stock has developed a solid base between the levels of 730 to 710 on a daily chart. The stock price is above each of the 20, 50 and 200 Day EMAs. If the price maintains above a small resistance of 753, UPL may go towards levels over 820.  The stock's upward movement from a zone of consolidation between 710 and 730 levels is supported by heavy volumes implies a robust breakout.  We can see the Bollinger band being squeezed on the weekly chart. The price remai...
Budget Picks 2023 By Sumeet Bagadia, Choice Broking
Budget Picks 2023 By Sumeet Bagadia, Choice Broking
Source: Choice Broking
30/01/2023 4:45:47 PM
Buy Silver @ 69550; add up to 69200, for the Targets 71900 - 72500, with SL @ 68050 - Choice Broking SILVER Buy Silver @ 69550; add up to 69200, for the Targets 71900 - 72500, with SL @ 68050. Silver price has been traded Bullish since past 6-months of 2022 and it looks like to continue this move ahead in 2023. MCX Silver future has closed at 69,413 in past week whereas LBMA Silver spot has ended 2023 at $23.93.  (On Weekly chart, price has started trading above the support of 50-MA, placed at 61,750 since December. The price has higher high closing and tested psychological lev...
Buy Silver @ 69550; add up to 69200, for the Targets 71900 - 72500, with SL @ 68050 - Choice Broking
Buy Silver @ 69550; add up to 69200, for the Targets 71900 - 72500, with SL @ 68050 - Choice Broking
Source: Choice Broking Ltd
2/01/2023 5:41:04 PM
New Year Picks 2023 By Sumeet Bagadia, Choice Broking ITC Ltd Buy ITC @ 334 & Upto 325 for the Target of 380/400 On a monthly chart, the stock is continuously trending upward since march 2022, concluding the primary trend is bullish. Additionally, ITC is trading at 334 and has numerous supports between 320 and 325 levels on the weekly chart. On the weekly chart, the price is sustaining above middle line of the Bollinger band, indicating the stock's strength. The daily chart's RSI Indicator is trading near 50 levels, which...
New Year Picks 2023 By Sumeet Bagadia, Choice Broking
New Year Picks 2023 By Sumeet Bagadia, Choice Broking
Source: Choice Broking Ltd
31/12/2022 10:05:30 AM
IPO Note : Radiant Cash Management Services Ltd By Swastika Investmart Radiant Cash Management Services Largest and efficient player in the RCM segment, but issue richly valued Salient features of the IPO: • Radiant Cash Management Services Ltd. (Radiant), a leading player in the retail cash management market, is coming up with an IPO to raise around Rs. 390cr, which opens on 23rd Dec. and closes on 27th Dec. 2022. The price band is Rs. 94 - 99 per share. • The IPO is a combination of fresh and OFS issue. The company will not receive any pr...
IPO Note : Radiant Cash Management Services Ltd By Swastika Investmart
IPO Note : Radiant Cash Management Services Ltd By Swastika Investmart
Source: Choice Broking
22/12/2022 4:28:15 PM
IPO Note: KFin Technologies Ltd By Choice Broking Salient features of the IPO: • Financial services platform KFin Technologies Ltd. (KFin), is coming up with an IPO to raise Rs. 1,500cr, which opens on 19th Dec. and closes on 21st Dec. 2022. The price band is Rs. 347 - 366 per share. • The IPO only consists of OFS portion, thus the company will not receive any proceeds from the issue. • One of the promoter group entities is participating in the OFS issue and offloading 4.098cr shares. Post-IPO, the promoter group stak...
IPO Note: KFin Technologies Ltd By Choice Broking
IPO Note: KFin Technologies Ltd By Choice Broking
Source: Choice Broking Ltd
18/12/2022 5:22:54 PM
Buy JK Paper Ltd For Target Rs. 460 - Choice Broking Buy JKPAPER @423.5 and add upto 414, with a target of 453-460 and a stop loss at 399 JKPAPER has formed an ascending triangle andis about to break out.This formation has been taking place for the last four months, with lower highs and higher lows along the way. JKPAPERis expected to break out between 420 and 425 levels, JKPAPER has taken a trendline support and has broken out critical resistance levels with good volume spike on the daily chart, Price has managed to rise above movin...
Buy JK Paper Ltd For Target Rs. 460 - Choice Broking
Buy JK Paper Ltd For Target Rs. 460 - Choice Broking
Source: Choice Broking Ltd
13/12/2022 11:57:49 AM
IPO Note : Sula Vineyards Ltd By Choice Broking Salient features of the IPO: • India's largest wine producer and seller, Sula Vineyards Ltd. (Sula), is coming up with an IPO to raise Rs. 960cr, which opens on 12th Dec. and closes on 14th Dec. 2022. The price band is Rs. 340 - 357 per share. • The IPO consists only of OFS portion, thus the company will not receive any proceeds from the issue. • Through this IPO, the promoter group is diluting 1.11% of the stake. Couple of private equity investors are fully exitin...
IPO Note : Sula Vineyards Ltd By Choice Broking
IPO Note : Sula Vineyards Ltd By Choice Broking
Source: Choice Broking Ltd
11/12/2022 6:02:31 PM
IPO Note : Dharmaj Crop Guard Ltd : All positives priced-in By Choice Broking All positives priced-in Salient features of the IPO: • Agrochemical company, Dharmaj Crop Guard Ltd. (DCGL) is coming up with an IPO to raise Rs. 250cr, which opens on 28th Nov. and closes on 30th Nov. 2022. The price band is Rs. 216 - 237 per share. • The IPO is a combination of fresh and OFS issue. DCGL will not receive any proceeds from the OFS portion. Of the net proceeds from the fresh issue, around Rs. 105cr will be used for setting-up a new facility; Rs. 45cr will be...
IPO Note : Dharmaj Crop Guard Ltd : All positives priced-in By Choice Broking
IPO Note : Dharmaj Crop Guard Ltd : All positives priced-in By Choice Broking
Source: Choice Broking Ltd
25/11/2022 5:42:16 PM
IPO Note : Keystone Realtors Ltd By Choice Broking Keystone Realtors Ltd : Subscribe with Caution   Salient features of the IPO: * Keystone Realtors Ltd. (KRL), which sells properties under the brand “Rustomjee” is coming up with an IPO to raise Rs. 635cr, which opens on 14th Nov. and closes on 16th Nov. 2022. The price band is Rs. 514 - 541 per share. * The IPO is a combination of fresh and OFS issue. KRL will not receive any proceeds from the OFS portion. Of the net proceeds from the fresh issue, around Rs....
IPO Note : Keystone Realtors Ltd By Choice Broking
IPO Note : Keystone Realtors Ltd By Choice Broking
Source: Choice Broking
13/11/2022 12:04:07 PM
IPO Note : Five-Star Business Finance Ltd. By Choice Broking Salient features of the IPO: * Five-Star Business Finance Ltd. (FBFL) is an NBFC-ND-SI providing secured business loans to micro-entrepreneurs and self-employed individuals. * As of Jun’22’, AUM stood at Rs5,297 cr which grew at a CAGR of ~48% from FY18. * Total issue size stood at Rs1,960 cr which is purely offer for sale. Key competitive strengths: * Fastest gross term loans growth among its compared peers * Ability to successfully expand to new underpenetrated...
IPO Note : Five-Star Business Finance Ltd. By Choice Broking
IPO Note : Five-Star Business Finance Ltd. By Choice Broking
Source: Choice Broking Pvt Ltd
8/11/2022 5:08:58 PM
IPO Note : Kaynes Technology India Ltd. By Choice Broking Salient features of the IPO: Kaynes Technology India Ltd. (Kaynes), an electronics system design & manufacturing (ESDM) services company is coming up with an IPO to raise around Rs. 860cr, which opens on 10th Nov. and closes on 14th Nov. 2022. The price band is Rs. 559 - 587 per share. * The IPO is a combination of fresh and OFS issue. Kaynes will not receive any proceeds from the OFS portion. Of the net proceeds from the fresh issue, around Rs. 149cr will be invested in a subsidiar...
IPO Note : Kaynes Technology India Ltd. By Choice Broking
IPO Note : Kaynes Technology India Ltd. By Choice Broking
Source: Choice Broking Pvt Ltd
8/11/2022 5:01:52 PM
IPO Note : Archean Chemical Industries Ltd By Choice Broking Salient features of the IPO: • Archean Chemical Industries Ltd. (ACIL), a specialty marine chemical manufacturer, is coming up with an IPO to raise around Rs. 1,460cr, which opens on 9th Nov. and closes on 11th Nov. 2022. The price band is Rs. 386 - 407 per share. • India Resurgence Fund (under two schemes) and Piramal Natural Resources Pvt. Ltd., are the investor selling holders and are partially offloading their stake in the company. Post-issue, their stakes will fall to 11....
IPO Note : Archean Chemical Industries Ltd By Choice Broking
IPO Note : Archean Chemical Industries Ltd By Choice Broking
Source: Choice Broking Pvt Ltd
7/11/2022 12:21:39 PM
Buy Copper @ 645 add up 10 638.50, for the Target of 684-707 with SL @ 621 By Choice Broking COPPER MCX Copper has traded back and forth over the course of the session, settled near 652 in previous week. On the other side 3-month contracts of the LME Copper future closed this week @ $7550, ‘On Weekly chart, priceis moving in tight sideways range between 630 ~ 665, trading below theresistancelineof 50-MA placed near726.90. Inlast few weekly candles, price has jormed 4 Doji formation, Here, major support would be low of 601, Average Traded volume remained around 60000 lotso...
Buy Copper @ 645 add up 10 638.50, for the Target of 684-707 with SL @ 621 By Choice Broking
Buy Copper @ 645 add up 10 638.50, for the Target of 684-707 with SL @ 621 By Choice Broking
Source: Choice Broking Pvt Ltd
31/10/2022 4:00:18 PM
IPO Note : Global Health Ltd By Choice Broking Global Health Ltd : SUBSCRIBE Salient features of the IPO: • Global Health Ltd. (Global Health), which operates and manages hospitals under the “Medanta” brand, is coming up with an IPO to raise around Rs. 2,200cr, which opens on 3rd Nov. and closes on 7th Nov. 2022. The price band is Rs. 319 - 336 per share. • The IPO is a combination of fresh issue and OFS portion. Global Health will not receive any proceeds from the OFS portion. Of the fresh issue net pr...
IPO Note : Global Health Ltd By Choice Broking
IPO Note : Global Health Ltd By Choice Broking
Source: Choice Broking Pvt Ltd
30/10/2022 3:20:22 PM
IPO Note : DCX Systems Limited By Choice Broking Salient features of the IPO: * Bengaluru based, DCX Systems Ltd. (DCX) a contract manufacturer primarily engaged in executing defence offset obligations, is coming up with an IPO to raise Rs. 500cr, which opens on 31st Oct. and closes on 2nd Nov. 2022. The price band is Rs. 197 - 207 per share. * The IPO is a combination of fresh issue and OFS portion. DCX will not receive any proceeds from the OFS portion. Of the fresh issue net proceeds, Rs. 110cr will be utilized for the prepayment/r...
IPO Note : DCX Systems Limited By Choice Broking
IPO Note : DCX Systems Limited By Choice Broking
Source: Choice Broking Pvt Ltd
29/10/2022 9:29:29 AM
Samvat 2079: Fundamental Diwali Picks By Choice Broking Bajaj Auto Ltd. Headquarters in Pune, Bajaj Auto Ltd. (Baja Auto) is the flagship company of Bajaj Group, engaged in the business of development, manufacturing and distribution of automobiles such as motorcycles, commercial vehicles, electric two-wheelers etc. and parts thereof in more than 79 countries. It is the world’s sixth-largest manufacturer of motorcycles and the secondlargest in India. It holds 48% of the KTM Brand, which manufactures sports and super sports two-wheelers. ...
Samvat 2079: Fundamental Diwali Picks By Choice Broking
Samvat 2079: Fundamental Diwali Picks By Choice Broking
Source: Choice Broking Pvt Ltd
19/10/2022 5:23:18 PM
Diwali Vikram Samvat 2079 Market Outlook By Sumeet Bagadia, Choice Broking NIFTY50 • After settling an all-time high of 18604, the Index showed some profi t booking till 15183 levels which is near 18 percent which was much needed to take the bulls for a pause before a run. The market may witness more consolidation after the successive rise and it would be healthy. Since all the sectors are now aligned with the market trend, heavyweight stocks would drive the moments further for the next upside rally. • On a weekly chart, the index has been trading wi...
Diwali Vikram Samvat 2079 Market Outlook By Sumeet Bagadia, Choice Broking
Diwali Vikram Samvat 2079 Market Outlook By Sumeet Bagadia, Choice Broking
Source: Choice Broking Pvt Ltd
18/10/2022 5:03:13 PM
Vikram Samvat 2079 Diwali Technical Picks By Sumeet Bagadia, Choice Broking NMDC • On a monthly chart, the stock has been trading with higher highs & higher low formations which suggests an upside rally in the counter. • Furthermore, the stock has been trading with the support of 50 MMA which suggests a positive bias. • On a daily chart, the stock has been trading in a rising wedge formation and tested the lower band of formation which points out. • A daily momentum indicator Stochastic shows a positive crossover which adds more bu...
Vikram Samvat 2079 Diwali Technical Picks By Sumeet Bagadia, Choice Broking
Vikram Samvat 2079 Diwali Technical Picks By Sumeet Bagadia, Choice Broking
Source: Choice Broking Pvt Ltd
15/10/2022 6:08:16 PM
IPO Note: Tracxn Technologies Ltd By Choice Broking Salient features of the IPO: • Private market intelligence platform Tracxn Technologies Ltd. (Tracxn) is coming up with an IPO to raise around Rs. 310cr, which opens on 10th Oct. and closes on 12th Oct. 2022. The price band is Rs. 75 - 80 per share. • The IPO only comprises of OFS, thus the company will not receive any proceeds from this issue.   Key competitive strengths: • Leading global provider of differentiated private market data & intelligence ...
IPO Note: Tracxn Technologies Ltd By Choice Broking
IPO Note: Tracxn Technologies Ltd By Choice Broking
Source: Choice Broking Pvt Ltd
6/10/2022 5:34:08 PM
Buy Indian Hotels Company Ltd. For Target Rs.410 - Choice Broking Buy INDHOTEL at Cmp 3438 Upto 333 For the Target of 380-410 with SL of 304 The price of INDHOTEL has been rising steadily. After a significant surge, the stock appears to have moderate profit booking. However, for those that invest for the long term, a corrections just a minor hiccup. The stock is trading near a 52-week high with rising in volume activities and has given Breakout of an Upper Bollinger Band which points out strength for upcoming weeks. On a daily chart, the stock has giv...
Buy Indian Hotels Company Ltd. For Target Rs.410 - Choice Broking
Buy Indian Hotels Company Ltd. For Target Rs.410 - Choice Broking
Source: Choice Broking Pvt Ltd
4/10/2022 10:50:49 AM
IPO Note: Electronics Mart India Ltd: Subscribe ByChoice Broking Salient features of the IPO: • Consumer durables retail chain, Electronics Mart India Ltd. (EMIL) is coming up with an IPO to raise Rs. 500cr, which opens on 4th Oct. and closes on 7th Oct. 2022. The price band is Rs. 56 - 59 per share. • The IPO is a combination of fresh issue and OFS portion. EMIL will not receive any proceeds from the OFS portion. Of the fresh issue net proceeds, Rs. 111cr will be utilized to fund the expansion of retail stores & warehouses; Rs. 220cr w...
IPO Note: Electronics Mart India Ltd: Subscribe ByChoice Broking
IPO Note: Electronics Mart India Ltd: Subscribe ByChoice Broking
Source: Choice Broking Pvt Ltd
30/09/2022 5:55:06 PM
Techno Electric gallops on bagging new orders worth Rs 1,455 cr Techno Electric & Engineering Company jumped 9.38% to Rs 306.10 after the company announced that it has recently secured new orders for flue gas desulfurization (FGD) totalling to Rs 1,455 crore. The EPC company received orders worth Rs 666 crore from Rajasthan Rajya Vidyut Utpadan Nigam Kota and also bagged orders worth Rs 789 crore from Rajasthan Rajya Vidyut Utpadan Nigam Jhalawar. The company's consolidated net profit dropped 24.5% to Rs 35.55 crore on 8.7% decline in net sales...
Techno Electric gallops on bagging new orders worth Rs 1,455 cr
Techno Electric gallops on bagging new orders worth Rs 1,455 cr
Source: Dion Global Solutions Ltd
17/08/2022 10:31:16 AM
IPO Note - Syrma SGS Technology Ltd By Choice Broking Salient features of the IPO: • Electronic manufacturing services firm Syrma SGS Technology Ltd. (Syrma), is coming up with an IPO to raise around Rs. 840cr, which opens on 12th Aug. and closes on 18th Aug. 2022. The price band is Rs. 209 - 220 per share. • The company has executed a pre-IPO placement on 5th May 2022, and allotted 0.379cr share at Rs. 290 per share. Total amount collected from the pre-IPO placement was Rs. 110cr. • The IPO is a combination of fresh issu...
IPO Note - Syrma SGS Technology Ltd By Choice Broking
IPO Note - Syrma SGS Technology Ltd By Choice Broking
Source: Choice Broking Pvt Ltd
11/08/2022 4:42:12 PM
Buy State Bank of India Ltd For Target Rs.640 - Choice Broking ‘MTM hit weighs on profitability’. Quarterly performance of the State Bank of India (SBIN) was unalluring as the margin and profit were declined. While the assets quality trend was largely remained stable due to contained net slippages. Loan growth, though, picked up led by strong expansion of retail & foreign books. Profit declined by (6.7)% YoY of Rs61 bn (below our estimate of Rs79 bn) due to the higher MTM losses. While the treasury loss was expected given the increase ...
Buy State Bank of India Ltd For Target Rs.640 - Choice Broking
Buy State Bank of India Ltd For Target Rs.640 - Choice Broking
Source: Choice Broking
9/08/2022 1:28:38 PM
Buy Latent View Analytics Ltd. For Target Rs. 467.40 - Choice Broking Founded in 2006, Latent View Analytics Ltd. (LVAL) is a pure-play global data analytics firm. The company with its end-to-end data analytics solutions enables companies to predict new revenue streams, anticipate product trends & popularity, improve customer retention rates and optimize investment decisions. It derives around 95% of the revenue from the USA and provides services to 30+ Fortune 500 companies engaged across sectors like Financial Services, Consumer & Retail, Technology, ...
Buy Latent View Analytics Ltd. For Target Rs. 467.40 - Choice Broking
Buy Latent View Analytics Ltd. For Target Rs. 467.40 - Choice Broking
Source: Choice Broking Pvt Ltd
4/08/2022 4:57:14 PM
Buy Axis Bank Ltd For Target Rs.1,000 - Choice Broking ‘Business growth improves’ Axis Bank (AXSB IN) reported strong performance for Q1FY23 on the profitability as well as the assets quality fronts. While core operating performance is in line with our estimates, significant decline in the credit cost provided a boost to the profitability despite elevated operating cost. The bank reported 91% YoY growth in PAT of Rs41 bn (above our estimate of Rs37 bn) led by strong core operating performance and significant decline in the credit c...
Buy Axis Bank Ltd For Target Rs.1,000 - Choice Broking
Buy Axis Bank Ltd For Target Rs.1,000 - Choice Broking
Source: Choice Broking Pvt Ltd
27/07/2022 2:36:55 PM
Buy ICICI Bank Ltd For Target Rs.1,025 - Choice Broking ‘Strong core performance’ ICICI Bank (ICICIB IN) reported stellar performance for Q1FY23 with robust profitability, pick-up in advances growth momentum and improvement in the assets quality. ICICIB IN reported 49.6% YoY growth in PAT of Rs69 bn (v/s CIER est. of Rs 64 bn) on strong core operating profit and sharp decline in the provisioning. Sustaining above 20% YoY growth for the last four quarters, NII rose by 20.8% YoY to Rs132 bn, which came in line with our estimate of Rs1...
Buy ICICI Bank Ltd For Target Rs.1,025 - Choice Broking
Buy ICICI Bank Ltd For Target Rs.1,025 - Choice Broking
Source: Choice Broking Pvt Ltd
26/07/2022 2:19:56 PM
Hold Indusind Bank Ltd For Target Rs.1,100 - Choice Broking Indusind Bank (IIB IN) reported strong set of numbers for Q1FY23 with robust improvement in the business growth and profitability. NII grew by 15.8% YoY on healthy interest income and contained CoF leading to increase in NIM to 4.21%. PAT rose by 60.5% YoY to Rs16 bn (above our estimate of Rs13 bn) led by strong core operating performance and decline in the credit cost. Bank also managed to avoid the MTM losses on active trading strategies. Loan growth rose to multi-quarter high at 17.7% YoY ...
Hold Indusind Bank Ltd For Target Rs.1,100 - Choice Broking
Hold Indusind Bank Ltd For Target Rs.1,100 - Choice Broking
Source: Choice Broking Pvt Ltd
23/07/2022 9:32:51 AM
Buy Windlas Biotech Ltd For Target Rs.289.4 - Choice Broking A pure play formulation CDMO company, at an attractive valuations With a revenue market share of 1.5%, Windlas Biotech Ltd. (WBL) is among the top-five contract development & manufacturing organization (CDMO) in the domestic pharma sector. It serves seven out of top-10 pharma formulation companies in India. The company focuses on therapeutic areas like cardiovascular, anti-diabetics, neurology, gastrointestinal, vitamins, minerals, nutrients etc. WBL operated in three verticals, namely...
Buy Windlas Biotech Ltd For Target Rs.289.4 - Choice Broking
Buy Windlas Biotech Ltd For Target Rs.289.4 - Choice Broking
Source: Choice Broking Pvt Ltd
7/07/2022 1:02:03 PM
Buy Sigachi Industries Ltd For Target Rs.322.3 - Choice Broking India’s leading microcrystalline cellulose manufacturer Incorporated in 1989, Sigachi Industries Ltd. (SIL) today is one of the largest global manufacturers of microcrystalline cellulose (MCC), which is primarily used as excipients in the pharma, food, nutraceuticals, and cosmetics products. MCC is the major revenue segment (contributing around 92% of the total revenue) of the company. SIL has an exportoriented business with 75% of its business derived from exporting goods to 47 coun...
Buy Sigachi Industries Ltd For Target Rs.322.3 - Choice Broking
Buy Sigachi Industries Ltd For Target Rs.322.3 - Choice Broking
Source: Choice Broking Pvt Ltd
24/06/2022 11:47:59 AM
Holcim Ltd has signed a binding agreement with the Adani Group for selling its business in India • On 15th May 2022, Holcim Ltd. (promoter company of Ambuja Cements Ltd. and ACC Ltd.) has signed a binding agreement with the Adani Group for selling its business in India. Whole transaction cost is anticipated at around USD 10.5bn. • Holcim’sIndian assets includes 63.11% stake in Ambuja, which in turn owns a 50.05% interest in ACC; and a 4.48% directstake in ACC. • With the acquisition of the Holcim’s assets, Adani will be almostin a pole position in the dom...
Holcim Ltd has signed a binding agreement with the Adani Group for selling its business in India
Holcim Ltd has signed a binding agreement with the Adani Group for selling its business in India
Source: Choice Broking Pvt Ltd
16/06/2022 4:55:37 PM
India’s GDP grew by 4.1% in Q4FY22 as compared to 5.4% in Q3FY22 and 2.5% in Q4FY21 By Choice Broking India’s Q4FY22 GDP Economy grows at slowest pace during Q4 * India’s GDP grew by 4.1% in Q4FY22 as compared to 5.4% in Q3FY22 and 2.5% in Q4FY21. * Economy grew at a slow quarterly growth rate during Q4 of FY22 impacted by the Covid third wave and high commodity & crude oil prices. * Agriculture grew by 4.1% in Q4FY22 (2.5% in Q3FY22), industry at 1.3% in Q4FY22 (0.3% in Q3FY22) and services at 5.5% in Q4FY22 (8.1% in Q3FY22) * Private consumption declined durin...
India’s GDP grew by 4.1% in Q4FY22 as compared to 5.4% in Q3FY22 and 2.5% in Q4FY21 By Choice Broking
India’s GDP grew by 4.1% in Q4FY22 as compared to 5.4% in Q3FY22 and 2.5% in Q4FY21 By Choice Broking
Source: Choice Broking Pvt Ltd
2/06/2022 2:07:12 PM
IPO Note - Aether Industries Ltd By Choice Broking Salient features of the IPO: * Specialty chemical manufacturer, Aether Industries Ltd. (Aether), is coming up with an IPO to raise around Rs. 800cr, which opens on 24th May and closes on 26th May 2022. The price band is Rs. 610 - 642 per share. * The company has executed a pre-IPO placement on 5 th May 2022, and allotted 0.202cr share at Rs. 642 per share. Total amount collected from the pre-IPO placement was Rs. 130cr. Consequently, it has reduced the fresh issue size from Rs. 757...
IPO Note - Aether Industries Ltd By Choice Broking
IPO Note - Aether Industries Ltd By Choice Broking
Source: Choice Broking Pvt Ltd
23/05/2022 5:18:22 PM
IPO Note - Paradeep Phosphates Ltd By Choice Broking Salient features of the IPO: • Fertilizer company Paradeep Phosphates Ltd. (PPL), is coming up with an IPO to raise around Rs. 1,500cr, which opens on 17th May and closes on 19th May 2022. The price band is Rs. 39 - 42 per share. • The Government of India as one of the promoter entities, is fully offloading its stake (19.55%) in the company. • The IPO is a combination of fresh issue and OFS portion. The company will not receive any proceeds from the OFS portion. Of the...
IPO Note - Paradeep Phosphates Ltd By Choice Broking
IPO Note - Paradeep Phosphates Ltd By Choice Broking
Source: Choice Broking Pvt Ltd
16/05/2022 5:00:34 PM
Add Eicher Motors Ltd For Target Rs.2,783 - Choice Broking Key Rationale: * Eicher motor’s earnings performance during Q4 was better than expected. Revenue came at Rs.31.9bn highest ever led by +20% YoY growth in ASP and 9.5% YoY drop in volume. An increase in ASP is attributed to price hikes and a better product mix due to the arrangement of the alternate vendor. EBIDTA came at Rs.7.6bn +19%YoY/+30% QoQ. Despite elevated RM prices and higher freight charges margin expanded to 23.7% (+213bpsYoY/+349bps QoQ) due to price hike and value engine...
Add Eicher Motors Ltd For Target Rs.2,783 - Choice Broking
Add Eicher Motors Ltd For Target Rs.2,783 - Choice Broking
Source: Choice Broking Pvt Ltd
16/05/2022 10:40:29 AM
IPO Note - Ethos Ltd By Choice Broking Salient features of the IPO: * Ethos Ltd. (Ethos), a luxury & premium watch retailer is coming up with an IPO to raise Rs. 375cr, which opens on 18th May and closes on 20th May 2022. The price band is Rs. 836 - 878 per share. * The company on 28th Mar. 2022, executed a pre-IPO placement of 0.03cr shares at Rs. 826 per share. Amount raised from pre-IPO placement was Rs. 25cr. Consequently, it reduced the size of fresh issue from Rs. 400cr (as mentioned in the DRHP) to Rs. 375cr. *...
IPO Note - Ethos Ltd By Choice Broking
IPO Note - Ethos Ltd By Choice Broking
Source: Choice Broking Pvt Ltd
15/05/2022 10:48:31 AM
IPO Note - Prudent Corporate Advisory Services Ltd By Choice Broking Salient features of the FPO: • PRUDENT CORPORATE ADVISORY SERVICES LIMITED (PCAS) is amongst the top mutual fund distributors in terms of average assets under management (“AAUM”) and commission received. • As on Dec 31, 2021, mutual fund distribution business (AUM) stood at Rs48,411 cr with 92% of their total AUM being equity oriented. • Total issue is purely OFS of 0.85 cr shares. At the higher price band of Rs630, issue size comes at Rs539 cr. • D...
IPO Note - Prudent Corporate Advisory Services Ltd By Choice Broking
IPO Note - Prudent Corporate Advisory Services Ltd By Choice Broking
Source: Choice Broking Pvt Ltd
9/05/2022 12:47:51 PM
Outperform Laurus Labs Ltd For Target Rs.715 - Choice Broking Key Rationale: Laurus’s intention to achieve US$ 1Bn revenue in FY23 which is 50% growth, is expected to push the company in high growth period. Revenue mix from Custom Synthesis business is expected to grow speedily due to healthy client addition, faster commercialization of projects with existing clients and management’s focus on higher margin segments. The increased focus on Non ARV segments will pave the way for better revenue mix and improved margins. Gross margin...
Outperform Laurus Labs Ltd For Target Rs.715 - Choice Broking
Outperform Laurus Labs Ltd For Target Rs.715 - Choice Broking
Source: Choice Broking Pvt Ltd
2/05/2022 11:53:12 AM
Add Maruti Suzuki India Ltd For Target Rs.8,841 - Choice Broking Key Rationale: Maruti Suzuki's Q4 performance largely reflects the company's ability to sail through the toughest environment, with the company able to deliver back-to-back above-expected performance on all fronts despite semiconductor shortages and RM cost pressure. Revenue for the quarter grew by 11% YoY to Rs.267bn led by -0.7% YoY de-growth in volume and 11.9% YoY growth in ASP. Margin came at 9.1% above the consensus and our est. (+79bps YoY/+237bps QoQ), adverse commodity ...
Add Maruti Suzuki India Ltd For Target Rs.8,841 - Choice Broking
Add Maruti Suzuki India Ltd For Target Rs.8,841 - Choice Broking
Source: Choice Broking Pvt Ltd
2/05/2022 11:41:37 AM