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Asit C Mehta Investment Interrmediates launches all-new version of trading and investments platform & app - investmentz.com Asit C. Mehta Investment Interrmediates Ltd (ACMIIL), a leading brokerage house and subsidiary of Asit C Mehta Financial Services Ltd, (ACMFSL), (BSE-530723| ASITCFIN), announced the launch of upgraded version of its web, mobile and exe downloadable app -investmentz.com. The latest version of investmentz.com was unveiled by Bollywood actor Pratik Gandhi at the Bombay Stock Exchange. The new version aimed at investors, traders, and business associates is designed to provide a...
Asit C Mehta Investment Interrmediates launches all-new version of trading and investments platform & app - investmentz.com
Asit C Mehta Investment Interrmediates launches all-new version of trading and investments platform & app - investmentz.com
Source: PR Agency
30/08/2023 5:58:52 PM
IPO Note : Aeroflex Industries Limited By Asit C Mehta Investmentz Company Background Aeroflex Industries Limited (AIL) was incorporated on 1993. It provides Environment-Friendly Metallic Flexible Flow Solutions to critical global industrial eco-system with its ultra-modern facility in Taloja, Navi Mumbai, India, under the strict supervision of an experienced and qualified team. The company's products include a wide range of metallic flexible hoses and assemblies, providing global specialized industries with products conforming to international qualit...
IPO Note : Aeroflex Industries Limited By Asit C Mehta Investmentz
IPO Note : Aeroflex Industries Limited By Asit C Mehta Investmentz
Source: Asit C mehta Investmenz
14/08/2023 6:25:10 PM
Morning Note : Market Update and Key Stocks 14 August 2023 By Asit C Mehta Investment CORPORATE AND ECONOMY NEWS * Jindal Steel And Power Q1 FY24 (Consolidated, YoY): Revenue is down 3.5% at Rs 12,588.34 crore vs. Rs 13,045.41 crore. Ebitda down 23.7% at Rs 2,628.04 crore vs. Rs 3,446.15 crore. Margin at 20.8% vs. 26.4%. Net profit is down 14.4% at Rs 1,686.94 crore vs. Rs 1,970.13 crore. * Glenmark Pharma Q1 FY24 (Consolidated, YoY): Revenue up 23% at Rs 3,402 crore vs Rs 2,777 crore. Ebitda up 46% at Rs 631 crore vs Rs 432 crore. Margin at 18.6% vs 15.5%. Net profit do...
Morning Note : Market Update and Key Stocks 14 August 2023 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 14 August 2023 By Asit C Mehta Investment
Source: Asit C mehta Investmenz
14/08/2023 11:59:03 AM
Morning Note : Market Update and Key Stocks 09 August 2023 By Asit C Mehta Investment CORPORATE AND ECONOMY NEWS * Coal India Q1FY2024 (Consolidated, YoY): Revenue up 2.5% at Rs 35,983 crore vs Rs 35,092 crore. Ebitda down 14% to Rs 10,513.85 crore vs Rs 12,250.84 crore. Ebitda margin 29.2% vs 34.9%. Net profit down 10% to Rs 7,941.4 crore vs Rs 8,834.22 crore. * Siemens Q3FY2023 (Consolidated, YoY): Revenue up 14.4% at Rs 4,873.20 crore vs Rs 4,258.30 crore. Ebitdta up 37.5% at Rs 566.60 crore vs Rs 412.20 crore. Ebitda margins at 11.63% vs 9.68%. Net profit up 51.6% at...
Morning Note : Market Update and Key Stocks 09 August 2023 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 09 August 2023 By Asit C Mehta Investment
Source: Asit C mehta Investmenz
9/08/2023 11:57:59 AM
Morning Note : Market Update and Key Stocks 31 July 2023 By Asit C Mehta Investment CORPORATE AND ECONOMY NEWS * Marico Q1FY24 (Consolidated, YoY): Revenue down 3.2% at Rs 2,477 crore vs Rs 2558 crore. Net profit up 15.6% at Rs 436 crore vs Rs 377 crore. EBITDA up 8.7% at Rs 574 crore vs Rs 528 crore. Margins at 23.2% vs 20.6%. * Bank Of India (Standalone, YoY): NII at Rs 5915 crore vs Rs 4072 crore (YoY) PAT at Rs 1551 crore vs Rs 561 crore (YoY) Gross NPA at 6.67% vs 7.31% (QoQ) Net NPA at 1.65% vs 1.66% (QoQ). * Piramal Enterprises Q1FY24 (Consolidated, YoY): Rev...
Morning Note : Market Update and Key Stocks 31 July 2023 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 31 July 2023 By Asit C Mehta Investment
Source: Asit C mehta Investmenz
31/07/2023 11:56:50 AM
Morning Note : Market Update and Key Stocks 26 July 2023 By Asit C Mehta Investment CORPORATE AND ECONOMY NEWS * Tata Motors Q1FY24 Results (Consolidated, YoY): Revenues up 42% at Rs 1,02,236 crore vs. Rs 71,935 crore, Ebidta up 448% at Rs 13,218 crore vs. Rs 2,413 crore, Ebidta margins at 12.9% vs. 3.4% and Net profit at Rs 3,203 cr vs. Net loss of Rs 5,007 cr. * Amber Enterprises Q1 FY2024 (Consolidated, YoY): Revenues down 7% at Rs 1,701.99 crore vs. Rs 1,825.73 crore, Net profit up 9% at Rs 46.61 crore vs. Rs 42.89 crore, Ebitda up 33% at Rs 131.92 crore vs. R...
Morning Note : Market Update and Key Stocks 26 July 2023 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 26 July 2023 By Asit C Mehta Investment
Source: Asit C mehta Investmenz
26/07/2023 3:22:38 PM
Morning Note : Market Update and Key Stocks 25 July 2023 By Asit C Mehta Investment CORPORATE AND ECONOMY NEWS * Tata Steel (Consolidated, YoY): Revenues down 6.21% at Rs 59,489.6 crore vs. Rs 63,430.07 crore. Net Profit down 91.84% at Rs 633.95 crore vs. Rs 7,764.96 crore. Ebitda down 65.45% at Rs 5,173.82 crore vs. Rs 14,972.8 crore. Ebitda Margin at 8.7% vs. 23.61%. * PNB Housing: Company's net interest income improved by 70 percent YoY and 6 percent QoQ to Rs 629 crore. Profit after Tax increased by 48 percent YoY and 24 percent QoQ to Rs 347 crore. IT also rec...
Morning Note : Market Update and Key Stocks 25 July 2023 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 25 July 2023 By Asit C Mehta Investment
Source: Asit C mehta Investmenz
25/07/2023 12:42:45 PM
Morning Note : Market Update and Key Stocks 24 July 2023 By Asit C Mehta Investment CORPORATE AND ECONOMY NEWS * Reliance Industries Q1 FY2024 (QoQ): Revenue down 2.56% at Rs 2,10,831 crore vs Rs 2,16,376 crore. Ebitda down 0.9% at Rs 38,093 crore vs Rs 38,440 crore. Ebitda Margin at 18.06% vs. 17.7% (QoQ). Net Profit down 17% at Rs 16,011 crore vs Rs 21,327 crore. * ICICI Bank Q1FY24: Net profit Rs 9,648 crore Vs Rs 6,905 crore (YoY). NII: Rs 18,226 crore vs Rs 13,210 crore (YoY) GNPA: 2.76% vs 2.81% (QoQ) NNPA: 0.48% vs 0.48% (QoQ). * Kotak Mahindra Bank Q1FY...
Morning Note : Market Update and Key Stocks 24 July 2023 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 24 July 2023 By Asit C Mehta Investment
Source: Asit C mehta Investmenz
24/07/2023 11:23:03 AM
Morning Note : Market Update and Key Stocks 21 July 2023 By Asit C Mehta Investment CORPORATE AND ECONOMY NEWS * Infosys Q1 FY24 (Consolidated, QoQ): Revenue up 1.3% to Rs 37,933 crore vs. Rs 37,441. EBIT flat at Rs 7,891 crore vs. Rs 7,877 crore. Margin 20.80% vs. 21.03 (Bloomberg estimate: 20.9%) Net Profit: Rs 5,945 crore vs. Rs 6,134 crore. Revises lower FY24 revenue guidance to 1.0–3.5% from the 4-7% estimated earlier. * Hindustan Unilever Q1 FY24 (Consolidated, YoY): Revenue up 6% at Rs 15496 crore vs. Rs 14624 crore. Ebitda is up 8% at Rs 3665 crore vs. Rs...
Morning Note : Market Update and Key Stocks 21 July 2023 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 21 July 2023 By Asit C Mehta Investment
Source: Asit C mehta Investmenz
21/07/2023 2:21:51 PM
IPO Notes : Netweb Technologies Limited By Investmentz Ltd Company Background Netweb Technologies India Limited (NTIL) was incorporated on September 22, 1999. Netweb Technologies India Limited provides high-end computing solutions (HCS). It manufactures and deploys HCS comprising proprietary middleware solutions, end-user utilities, and precompiled application stack. It develops homegrown compute and storage technologies, and deploys supercomputing infrastructure to meet the rising computational demands of businesses, academia, and research organi...
IPO Notes : Netweb Technologies Limited By Investmentz Ltd
IPO Notes : Netweb Technologies Limited By Investmentz Ltd
Source: PR Agency
17/07/2023 4:47:07 PM
Morning Note : Market Update and Key Stocks 12 July 2023 By Asit C Mehta Investment CORPORATE AND ECONOMY NEWS * Adani Enterprises: The company raised Rs 1,250 crore via bonds. It allotted 125,000 secured, unrated, unlisted, redeemable, non-convertible debentures of a face value of Rs 1,00,000 each on private placement. * Happiest Minds Technologies: The company fixed Rs 972.16 as the floor price for the issue under qualified institutional placements. The company had, in October 2022, planned to raise Rs 1400 crore through various means. * Lupin: The drugmaker recei...
Morning Note : Market Update and Key Stocks 12 July 2023 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 12 July 2023 By Asit C Mehta Investment
Source: Investmentz.com
12/07/2023 1:16:53 PM
Morning Note : Market Update and Key Stocks 11 July 2023 By Asit C Mehta Investment CORPORATE AND ECONOMY NEWS * Vedanta: The Company said it is fully committed to semiconductor fab project. It has lined up other partners to set up a foundry. The company already has licence for production-grade technology for 40 nm from a prominent Integrated Device Manufacturer. It plans to acquire a licence for production-grade 28 nm as well. * Tata Communications: The Company’s unit Tata Communications International has inked a share purchase agreement to acquire remaining sta...
Morning Note : Market Update and Key Stocks 11 July 2023 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 11 July 2023 By Asit C Mehta Investment
Source: Investmentz.com
11/07/2023 12:15:21 PM
Morning Note : Market Update and Key Stocks 04 July 2023 By Asit C Mehta Investment CORPORATE AND ECONOMY NEWS * Reliance Industries: Reliance Jio launched an internet-enabled phone at Rs 999. The beta trial for the first 1 million Jio Bharat phones will begin on July 7. It includes unlimited voice calls and 14 GB of data for Rs. 123 per month. Other phone brands, including Karbonn, will adopt the Jio Bharat platform to build Jio Bharat phones. * Adani Green Energy: The board will consider approving fundraising via issue of equity shares or any other mode including pri...
Morning Note : Market Update and Key Stocks 04 July 2023 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 04 July 2023 By Asit C Mehta Investment
Source: PR Agency
4/07/2023 11:58:46 AM
Morning Note : Market Update and Key Stocks 03 July 2023 By Asit C Mehta Investment CORPORATE AND ECONOMY NEWS * Adani Transmission: GQG Partners bought 2.13 crore shares in Adani Transmission in two bulk deals. GQG Partners Emerging Markets Equity Fund bought 72.59 lakh shares at Rs 786.19 per share in a bulk deal. Goldman Sachs GQG Partners International Opportunities Fund has purchased 1.40 crore shares in Adani Transmission at Rs 786.19 apiece in a bulk deal. Fortitude Trade and Investment has sold 3.39 crore shares in Adani Transmission at Rs 786.17 per share. * S...
Morning Note : Market Update and Key Stocks 03 July 2023 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 03 July 2023 By Asit C Mehta Investment
Source: PR Agency
3/07/2023 11:29:20 AM
Morning Note : Market Update and Key Stocks 29 May 2023 By Asit C Mehta Investment CORPORATE AND ECONOMY NEWS * ONGC Q4 FY23 (Consolidated, YoY): Revenues up 5.2% at Rs 1,64,066.72 crore, EBITDA down 14.05% at Rs 20,996.73 crore, EBITDA margin at 14.57% vs 18.11% and Net profit down 52.73% at Rs 5,701.46 crore. On standalone basis, the company incurred a loss of Rs 247.70 crore compared with Rs 8,859.54 crore a year ago, on account of provisions to the tune of Rs 9,235.11 made towards disputed taxes. The company declared a dividend of Rs 0.5 per share for the fiscal 2023...
Morning Note : Market Update and Key Stocks 29 May 2023 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 29 May 2023 By Asit C Mehta Investment
Source: PR Agency
29/05/2023 11:04:21 AM
Morning Note : Market Update and Key Stocks 23 May 2023 By Asit C Mehta Investment CORPORATE AND ECONOMY NEWS * Bharat Petroleum Corporation Q4 FY23 (Consolidated, YoY): Revenues up 8% at Rs 1,33,419.56 crore, Ebitda up 85.42% at Rs 11,084.79 crore, Ebitda margin at 9.38% vs 5.73% and Net profit up 168.46% at Rs 6,870.47 crore. The company will pay a dividend of Rs 4 per share for the fiscal 2022-23, subject to shareholders’ approval. * Shree Cement Q4 FY23 (Consolidated, YoY): Revenue up 16.86% at Rs 5,100.19 crore, Ebitda down 3.22% at Rs 889.20 crore, Ebitda ...
Morning Note : Market Update and Key Stocks 23 May 2023 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 23 May 2023 By Asit C Mehta Investment
Source: PR Agency
23/05/2023 11:03:39 AM
Weekly Derivatives Synopsis and Stock Picks by Asit C Mehta Investmentz Nifty * The index started the week on a marginal positive note, but due to consistent selling, the index has lost momentum and ended the week on a negative note at 17624. * Technically, the index on a daily scale has retested the trend line breakout as well as 200-DSMA support. On a weekly scale, the index has formed a bearish engulfing candlestick pattern, which is cause of concern. The 200- Day simple moving average is placed near 17580 and recent low is placed close to 17550. Thus, 1...
Weekly Derivatives Synopsis and Stock Picks by Asit C Mehta Investmentz
Weekly Derivatives Synopsis and Stock Picks by Asit C Mehta Investmentz
Source: PR Agency
24/04/2023 11:45:14 AM
Morning Note : Market Update and Key Stocks 17 April 2023 By Asit C Mehta Investment CORPORATE AND ECONOMY NEWS * Infosys Q4 FY23 (Consolidated, QoQ): Revenue down 2.28% at Rs 37,441 crore, EBIT down 4.42% at Rs 7,877 crore, EBIT margin at 21.03% vs 21.5%, Net profit down 6.86% at Rs 6,134 crore and the board recommended a final dividend of Rs 17.50 per share for the 2023 fiscal. * TV18 Broadcast/Reliance Industries/Bodhi Tree Multimedia: Viacom18, a subsidiary of the company, closed the merger of Reliance Storage with itself and integrated JioCinema as well. Viacom18 a...
Morning Note : Market Update and Key Stocks 17 April 2023 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 17 April 2023 By Asit C Mehta Investment
Source: PR Agency
17/04/2023 11:23:18 AM
Morning Note : Market Update and Key Stocks 12 April 2023 By Asit C Mehta Investment CORPORATE AND ECONOMY NEWS * Bharat Heavy Electricals/Titagarh Wagons: The BHEL-Titagarh Wagons consortium has received an order from Ministry of Railways for supply of 80 sleeper class Vande Bharat trains at Rs 120 crore per train, their comprehensive maintenance for 35 years, and upgradation of government manufacturing units and trainset depots. * Time Technoplast: The company received an order worth Rs 54 crore from Indraprastha Gas for supply of CNG cascades made from Type-lV compos...
Morning Note : Market Update and Key Stocks 12 April 2023 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 12 April 2023 By Asit C Mehta Investment
Source: PR Agency
12/04/2023 10:38:45 AM
IPO Note : Avalon Technologies Ltd By Asit C Mehta Investment Avalon Technologies Ltd Avalon Technologies Limited (ATL) was incorporated on November 3, 1999. The Company is one of the leading fully integrated Electronic Manufacturing Services (“EMS”) companies with end-to-end capabilities in delivering box build solutions in India. In terms of revenue in Fiscal 2022, with a focus on high value precision engineered products, company provide a full stack product and solution suite, right from printed circuit board (“PCB”) design...
IPO Note : Avalon Technologies Ltd By Asit C Mehta Investment
IPO Note : Avalon Technologies Ltd By Asit C Mehta Investment
Source: PR Agency
3/04/2023 12:30:26 PM
Morning Note : Market Update and Key Stocks 15 February 2022 By Asit C Mehta Investment CORPORATE AND ECONOMY NEWS * Vodafone Idea Q3 FY23 (Consolidated, QoQ): Revenues up 0.06% at Rs 10,620.6 crore, Ebitda up 2.03% at Rs 4,180.8 crore, Ebitda margin at 39.37% vs 38.6%, Net loss widens to Rs 7,990 crore from Rs 7,595.5 crore and ARPU up 3.1% at Rs 135. * ONGC Q3 FY23 (Consolidated, YoY): Revenues up 16.2% at Rs 1,69,212.63 crore, Ebitda up 2.4% at Rs 21,870.79 crore, Ebitda margin at 12.9% vs 14.7% and Net profit up 5.1% at Rs 11,488.99 crore. * Biocon Q3 FY23 (Consolid...
Morning Note : Market Update and Key Stocks 15 February 2022 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 15 February 2022 By Asit C Mehta Investment
Source: PR Agency
15/02/2023 10:54:11 AM
Morning Note : Market Update and Key Stocks 10 February 2022 By Asit C Mehta Investment Corporate and Economy News * Life Insurance Corporation of India Q3 FY23 (Standalone, YoY): Revenue up 13% at Rs 1.96 lakh crore, Net profit up 26 times to Rs 6,334 crore and Net premium income up 15% at Rs 1.12 lakh crore. * Adani Total Gas Q3 Earnings (Consolidated, QoQ): Revenue down 0.9% at Rs 1105.56 crore, Ebitda up 1.6% at Rs 229.94 crore, Ebitda margin at 20.8% vs 20.3% and Net profit down 6.1% at Rs 150.19 crore. * Suzlon Energy Q3 FY23 (Consolidated, YoY): Revenue down 9.26...
Morning Note : Market Update and Key Stocks 10 February 2022 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 10 February 2022 By Asit C Mehta Investment
Source: PR Agency
10/02/2023 11:09:16 AM
Weekly Derivatives Synopsis and Stock Picks by Asit C Mehta Investmentz Nifty  Technical View * The index started the week on a positive note and continued consolidation in a narrow band. Finally, the index settled the week on a marginally positive note at 18028. * Technically, the index on a weekly scale has formed a doji candlestick pattern. However, the index is constantly facing trend line resistance on a daily scale and finding it difficult to sustain above the 34-days exponential moving average. Thus, for the short term, 18150 will act as firs...
Weekly Derivatives Synopsis and Stock Picks by Asit C Mehta Investmentz
Weekly Derivatives Synopsis and Stock Picks by Asit C Mehta Investmentz
Source: PR Agency
23/01/2023 12:18:36 PM
Morning Note : Market Update and Key Stocks 19 January 2022 By Asit C Mehta Investment Corporate and Economy News IndusInd Bank Q3FY23 (Consolidated): NII up 18.51% at Rs 4,495 crore (YoY) Net profit up 58.18% at Rs 1,963 crore (YoY) Gross NPA at 2.06% Vs 2.11% (QoQ) Net NPA at 0.62 Vs 0.61% (QoQ). * Persistent Systems Q3 FY23 (Consolidated, QoQ): Revenues up 5.89% at Rs 2,169.37 crore (Bloomberg estimate: Rs 2,160.60 crore) Ebit up 11.57% at Rs 333.21 crore (Bloomberg estimate: Rs 315.60 crore) Ebit margin at 15.36% vs 14.58% (Bloomberg estimate: 14.61%) Net profit up 8....
Morning Note : Market Update and Key Stocks 19 January 2022 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 19 January 2022 By Asit C Mehta Investment
Source: PR Agency
19/01/2023 10:47:21 AM
Morning Note : Market Update and Key Stocks 05 January 2023 By Asit C Mehta Investment * NTPC: The company's subsidiary NTPC Green Energy has signed a memorandum of understanding (MoU) with Hindustan Petroleum Corporation Limited (HPCL) to develop renewable energy-based power projects. Under the MoU, NTPC Green Energy will supply 400 MW of renewable power to HPCL's refineries and other business units. * SJVN: The company will make an investment of Rs 2,615 crore in a hydroelectric project in Himachal Pradesh. On completion of the project, the company will earn 16.50%...
Morning Note : Market Update and Key Stocks 05 January 2023 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 05 January 2023 By Asit C Mehta Investment
Source: PR Agency
5/01/2023 11:16:22 AM
Morning Note : Market Update and Key Stocks 29 December 2022 By Asit C Mehta Investment CORPORATE AND ECONOMY NEWS * Tata Power: The company’s subsidiary Tata Power Renewable Energy received the letter of award from Tata Power Delhi Distribution Ltd. for setting up a 255 MW hybrid (wind and solar) power project in Karnataka. * Gujarat Gas: CRISIL Ratings has upgraded the long-term credit rating to ‘AAA’ from ‘AA+’ as it expects the company’s credit risk profile to improve. * JSW Energy: The company has completed acquisition of 700 MW ...
Morning Note : Market Update and Key Stocks 29 December 2022 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 29 December 2022 By Asit C Mehta Investment
Source: PR Agency
29/12/2022 10:51:17 AM
Morning Note : Market Update and Key Stocks 28 December 2022 By Asit C Mehta Investment CORPORATE AND ECONOMY NEWS * Rail Vikas Nigam: The company has been appointed as the implementation agency for the UTF Harbor Project in Maldives, worth Rs 1,544.60 crore. This is a strategic project of the Government of India. * India Pesticides: The company’s subsidiary Shalvis Specialities has received environmental clearance for setting up manufacturing plant of agrochemicals and intermediates, API ingredients and intermediates and fine chemicals manufacturing unit in Hamirpur...
Morning Note : Market Update and Key Stocks 28 December 2022 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 28 December 2022 By Asit C Mehta Investment
Source: PR Agency
28/12/2022 10:56:08 AM
Morning Note : Market Update and Key Stocks 22 December 2022 By Asit C Mehta Investment CORPORATE AND ECONOMY NEWS * Reliance Industries: Reliance Retail Ventures Ltd., a subsidiary of Reliance Industries Ltd., signed definitive agreements to acquire 100% equity stake in METRO Cash & Carry India Pvt Ltd. for a total cash consideration of Rs 2,850 crore, subject to closing adjustments. * One97 Communications (Paytm): Going ahead, there will be no more cash burn in the business, Paytm Chief Executive Officer (CEO) Vijay Shekhar Sharma said at the Business Standard BFSI I...
Morning Note : Market Update and Key Stocks 22 December 2022 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 22 December 2022 By Asit C Mehta Investment
Source: PR Agency
22/12/2022 10:59:45 AM
Weekly Recommendation : Chambal Fertilisers & Chemicals Limited And Titan Company Limited By Asit C Mehta Investment Weekly Recommendation CHAMBLFERT (315.90) - The stock has seen open interest addition of 7.29% along with positive price action indicatinglongbuildup. Thestock can be bought in the range of 310-312 with a stop loss of 300 on closing basis for a target of 325-335. Target: 335 Stop Loss: 300 TITAN (2495.60) - The stock has seen open interest addition of 11.36% along with negative price action indicating short buildup. Thestock can be sold in the range of 2500-2530 with a stop loss of 2...
Weekly Recommendation : Chambal Fertilisers & Chemicals Limited And Titan Company Limited By Asit C Mehta Investment
Weekly Recommendation : Chambal Fertilisers & Chemicals Limited And Titan Company Limited By Asit C Mehta Investment
Source: PR Agency
19/12/2022 11:21:59 AM
Morning Note : Market Update and Key Stocks 15 December 2022 By Asit C Mehta Investment CORPORATE AND ECONOMY NEWS * State Bank of India: Country's largest state run lender said its board has approved Rs 10,000 crore capital raising plan through Tier I bonds. The fund raising through Additional Tier 1 (AT1) capital up to an amount of Rs 10,000 crore is subject to Government of India concurrence. * Wipro: Wipro announced the launch of new financial services advisory company, Capco in the Middle East. Capco will offer strategic management and technology consulting capabi...
Morning Note : Market Update and Key Stocks 15 December 2022 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 15 December 2022 By Asit C Mehta Investment
Source: PR Agency
15/12/2022 11:44:01 AM
Morning Note : Market Update and Key Stocks 14 December 2022 By Asit C Mehta Investment CORPORATE AND ECONOMY NEWS * HDFC/HDFC Bank: The NBFC received in-principle approval from BSE and National Stock Exchange for transfer of non-convertible debentures to HDFC Bank under the merger deal between the two lenders. * UltraTech Cement: The cement major has commissioned of 1.9 mtpa greenfield clinker backed grinding capacity at Pali cement works, Rajasthan. The company along with its subsidiary has 16.25 mtpa cement capacity in Rajasthan spread over 5 separate plant locations. ...
Morning Note : Market Update and Key Stocks 14 December 2022 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 14 December 2022 By Asit C Mehta Investment
Source: PR Agency
14/12/2022 10:59:39 AM
Weekly Derivatives Synopsis By Asit C Mehta Investment Index Outlook Domestic equity markets erased all of the previous week'sgains,andfinished the volatile week with loss despite sharpcorrectioninoilprices. During the week, the Reserve Bank of Indiaraisedthereporate by 35 basis points to 6.25% and reduced its GDPforecastforthecurrent fiscal year to 6.8% from 7% previously. Finally, NiftyFuturesettled on a negative note at 18584 down by 1.22%(WoW)withanunwinding in open interest of 2.61% (WoW) indicatingneutral biasinthe market. The volati...
Weekly Derivatives Synopsis By Asit C Mehta Investment
Weekly Derivatives Synopsis By Asit C Mehta Investment
Source: PR Agency
12/12/2022 11:54:31 AM
Morning Note : Market Update and Key Stocks 09 December 2022 By Asit C Mehta Investment CORPORATE AND ECONOMY NEWS * Hindustan Unilever: The leading FMCG maker will acquire of a majority stake in OZiva and a 19.8 per cent equity in Wellbeing Nutrition with a total investment of Rs 335 crore to foray into the health and wellbeing segment. It will acquire a 51 per cent stake in Zywie Ventures, which owns the brand OZiva, for a consideration of Rs 264.28 crore. * Sun Pharmaceutical: The drug major in its clarification note after import alert for Halol facility says it is not ...
Morning Note : Market Update and Key Stocks 09 December 2022 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 09 December 2022 By Asit C Mehta Investment
Source: PR Agency
9/12/2022 10:32:20 AM
Weekly Derivatives Synopsis By Asit C Mehta Investment Index Outlook Domestic equity markets finished the week on a high note, tracking positive global cues and lower crude oil prices. Benchmark indices reached new highs during the week but profit-taking dragged the markets lower on Friday. Global stock markets rose after the Federal Reserve signaled that it may slow the pace of interest rate hikes in the future. Finally, Nifty Future settled on a positive note at 18813 up by 0.89% (WoW) with an addition in open interest of 5.28% (WoW) indicat...
Weekly Derivatives Synopsis By Asit C Mehta Investment
Weekly Derivatives Synopsis By Asit C Mehta Investment
Source: PR Agency
5/12/2022 11:10:40 AM
Morning Note : Market Update and Key Stocks 05 December 2022 By Asit C Mehta Investment CORPORATE AND ECONOMY NEWS * Ceat/MRF: The NCLAT disposed of all 14 appeals against the CCI order against certain tyre manufacturers on cartelisation of the industry. The tribunal remitted the matter back to CCI to re-examine arithmetic errors in calculation. * Maruti Suzuki India: The country's largest carmaker will increase the prices of its vehicles 'substantially' from next month as it looks to offset the impact of rising input costs and make provisions to update the mod...
Morning Note : Market Update and Key Stocks 05 December 2022 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 05 December 2022 By Asit C Mehta Investment
Source: PR Agency
5/12/2022 11:00:37 AM
Morning Note : Market Update and Key Stocks 02 December 2022 By Asit C Mehta Investment CORPORATE AND ECONOMY NEWS * ONGC/Reliance Industries/GAIL: The government halved windfall tax on domestic crude to Rs 4,900 per tonne and reduced levy on diesel exports to Rs 6.5 per litre. * Hindustan Unilever: The company has formed an ESG committee to assist the board in overseeing the company’s strategy relating to ESG and sustainability matters. * Yes Bank: The Reserve Bank of India allowed Advent and Carlyle to pick up 9.99% stake each in Yes Bank on a conditional basis....
Morning Note : Market Update and Key Stocks 02 December 2022 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 02 December 2022 By Asit C Mehta Investment
Source: PR Agency
2/12/2022 11:17:44 AM
Morning Note : Market Update and Key Stocks 01 December 2022 By Asit C Mehta Investment * Wipro: The company will support Amazon Security Lake, a cybersecurity data lake by Amazon Web Service. The company also launched Wipro Data Intelligence Suite, a one-stop solution for accelerating cloud modernisation and data monetisation, focused on modernising data estates, including data stores, pipelines and visualisations, running on Amazon Web Services. * Grasim Industries: The company said the Income Tax Appellate Tribunal has held that the demerger of financial services business ...
Morning Note : Market Update and Key Stocks 01 December 2022 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 01 December 2022 By Asit C Mehta Investment
Source: Asit C Mehta Investment
1/12/2022 10:20:26 AM
Morning Note : Market Update and Key Stocks 29 November 2022 By Asit C Mehta Investment CORPORATE AND ECONOMY NEWS * Lupin: MedQuímica Indústria Farmacêutica, a Brazil-based wholly owned subsidiary of the company, has acquired all rights to nine medicines from BL Indústria Ótica, a subsidiary of Bausch Health Companies. * NDTV/Adani Enterprises: NDTV promoter group RRPR Holding issued equity shares constituting 99.5% of its equity share capital to Adani Group-owned Vishvapradhan Commercial on Nov. 28. * Adani Enterprises Ltd: The Adani ...
Morning Note : Market Update and Key Stocks 29 November 2022 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 29 November 2022 By Asit C Mehta Investment
Source: PR Agency
29/11/2022 11:41:21 AM
Rollover Analysis : The previous record high of the index is near the 18600 level - Asit C Mehta Investment Nifty Rollover Analysis * The index began the November series on a bullish note, and managed to sustain above the crucial resistance of 18100, resulting breakout. As a result, the index settled the November series on a positive note at 18484. * Technically, the index has broken out consolidation of the inverted head and shoulders pattern, indicating strength. As per this breakout, the index could test the levels of 21000-21500 in the medium term. * The previous record high of the ind...
Rollover Analysis : The previous record high of the index is near the 18600 level - Asit C Mehta Investment
Rollover Analysis : The previous record high of the index is near the 18600 level - Asit C Mehta Investment
Source: PR Agency
25/11/2022 11:06:25 AM
Morning Note : Market Update and Key Stocks 25 November 2022 By Asit C Mehta Investment CORPORATE AND ECONOMY NEWS * Lupin: USFDA issues Form-483 with 8 observations for Lupin's Mandideep facility. The USFDA has issued Form-483 with 8 observations for the drug product facility and API facility at Mandideep. The US drug regulator has inspected company's Mandideep unit-1 facility during November 14-23, 2022. "We do not believe this will have an impact on disruption of supplies or the existing revenues from operations of this facility," the company said. * B...
Morning Note : Market Update and Key Stocks 25 November 2022 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 25 November 2022 By Asit C Mehta Investment
Source: PR Agency
25/11/2022 10:51:54 AM
Morning Note : Market Update and Key Stocks 24 November 2022 By Asit C Mehta Investment CORPORATE AND ECONOMY NEWS * Biocon: The company entered a semi-exclusive partnership agreement with European pharmaceutical company Zentiva for the commercialisation of its vertically integrated, complex formulation, Liraglutide, a drug-device combination for the treatment and management of type 2 diabetes and obesity. The company has also issued commercial papers worth Rs 2,250 crore on private placement basis at a coupon of 7.75%. * Tamilnad Mercantile Bank: The bank has entered into...
Morning Note : Market Update and Key Stocks 24 November 2022 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 24 November 2022 By Asit C Mehta Investment
Source: PR Agency
24/11/2022 10:33:58 AM
Morning Note : Market Update and Key Stocks 22 November 2022 By Asit C Mehta Investment CORPORATE AND ECONOMY NEWS * Reliance Industries: The NCLT gave its approval to Reliance Jio, the telecom arm of the company, to acquire Reliance Infratel, the holding company for tower and fibre assets of Reliance Communications. * Lupin: The company signed an MoU with Rajasthan government for Collaboration to strengthen healthcare system, reduce prevalence and improve health outcomes for patients diagnosed with cardiovascular disease and chronic obstructive pulmonary disease in Alwar....
Morning Note : Market Update and Key Stocks 22 November 2022 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 22 November 2022 By Asit C Mehta Investment
Source: PR Agency
22/11/2022 10:39:22 AM
Morning Note : Market Update and Key Stocks 21 November 2022 By Asit C Mehta Investment CORPORATE AND ECONOMY NEWS * Zomato Ltd: The online food delivery service announced that co-founder Mohit Gupta has resigned from his position. Gupta joined the company four-and-a-half year back, was elevated to co-founder in 2020 from the position of CEO of its food delivery business. * Jet Airways: The Jalan-Kalrock Consortium reiterated its commitment to restart the airline. CEO Sanjiv Kapor said letters of intent for aircraft, engines, IT systems, ground handling services, catering,...
Morning Note : Market Update and Key Stocks 21 November 2022 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 21 November 2022 By Asit C Mehta Investment
Source: PR Agency
21/11/2022 10:55:41 AM
Morning Note : Market Update and Key Stocks 18 November 2022 By Asit C Mehta Investment CORPORATE AND ECONOMY NEWS * Bharat Electronics: The company has signed an MoU with Advanced Weapons and Equipment India o jointly address domestic and export opportunities in the areas of air defence, artillery gun systems, medium caliber weapons, small arms and related systems. The company has also signed an agreement with Armoured Vehicles Nigam for collaboration in in the areas of combat vehicles, main battle tanks, infantry fighting vehicles, armored fighting vehicles and related syst...
Morning Note : Market Update and Key Stocks 18 November 2022 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 18 November 2022 By Asit C Mehta Investment
Source: PR Agency
18/11/2022 10:33:38 AM
Morning Note : Market Update and Key Stocks 17 November 2022 By Asit C Mehta Investment CORPORATE AND ECONOMY NEWS * Ircon International: The company emerged as the lowest bidder for construction of balance work of Bahuti Canal Project by Water Resource Department, Madhya Pradesh government on turnkey basis. ? Asian Paints: The company has entered into technology and other allied agreements with Kellogg Brown & Root for manufacturing of Vinyl Acetate Monomer in India. * Aurobindo Pharma: The U.S. FDA inspection of the company’s API non-antibiotic manufacturing fa...
Morning Note : Market Update and Key Stocks 17 November 2022 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 17 November 2022 By Asit C Mehta Investment
Source: PR Agency
17/11/2022 11:09:02 AM
Rupee had a big bout of strength recently helped by the Dollar Index - Asit C Mehta USD/INR Exporters: Hedge 2-m @ 81.20/30 Importers: Hedge 2-m @ 80.10/20 15.11.22 OPEN 81.13 HIGH 81.4425 LOW 81.05 CLOSE 81.0950 We have seen big swings in the pair in a wide range of more than 1%. Fall to 80.50, mainly driven by the DXY fall and happening in offshore trades, brought in hordes of buying from domestic players on Monday including traders who were booking profits on their Dollar shorts. However, the move extended much beyond our own expectation due to more short cove...
Rupee had a big bout of strength recently helped by the Dollar Index - Asit C Mehta
Rupee had a big bout of strength recently helped by the Dollar Index - Asit C Mehta
Source: PR Agency
16/11/2022 10:28:01 AM
Morning Note : Market Update and Key Stocks 16 November 2022 By Asit C Mehta Investment CORPORATE AND ECONOMY NEWS * Bharat Electronics: The Navratna defence PSU has signed an agreement with Yantra India (YIL), a defence PSU for co-operation in the areas of ammunition hardware and military grade components to jointly address the requirements of Indian defence and export markets. The company also signed deals with the USbased Profense LLC for co-operation in the manufacturing and marketing of light weapons. It entered into a pact with SVC Tech Ventures LLP for co-operatio...
Morning Note : Market Update and Key Stocks 16 November 2022 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 16 November 2022 By Asit C Mehta Investment
Source: PR Agency
16/11/2022 10:15:09 AM
Morning Note : Market Update and Key Stocks 15 November 2022 By Asit C Mehta Investment CORPORATE AND ECONOMY NEWS * NMDC: The state-owned metal player posted a 62 per cent fall in its consolidated net profit to Rs 885.65 crore during the quarter ended September, mainly on account of lower income. It had clocked a Rs 2,339.58 crore net profit during the July-September period of the preceding fiscal. * Biocon : The biotechnology major said its consolidated net profit declined by 11 per cent to Rs 168 crore in the second quarter ended September 30, 2022, on account of rise i...
Morning Note : Market Update and Key Stocks 15 November 2022 By Asit C Mehta Investment
Morning Note : Market Update and Key Stocks 15 November 2022 By Asit C Mehta Investment
Source: PR Agency
15/11/2022 10:26:46 AM