SENSEX ANALYSIS 14-SEP-2024

 BIGGER PICTURE: 1.1L/1.34L?

NIFTY ANALYSIS 30-AUG-2024: BULL or BEAR? 50:50

 NIFTY ANALYSIS 30-AUG-2024: BULL or BEAR?

As per my view, 50:50

I expect some correction BEFORE NEXT BULL RUN towards 28K/30K.

Hindustan Unilever Ltd. Analysis 28-Aug-2024

 Hindustan Unilever Ltd. @ 2780

Sector: Household & Personal Products

Strong Performer

Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators

52 Week High 2834.95

52 Week Low 2172.05

All Time High 2859.30

All Time Low 100.50

Book Value Per Share 217.99

Dividend Yield: 1.5

Sector PE 74.06

Face Value 1

Beta 0.19

Mkt Cap (Rs. Cr.) 652,598

SUP: 2705/2427/2172

RES: 2860

As long as the above supports hold, we can see 2860, 2196, 2977-3108, 3319-3530, 3713, 3871-4082

NOTE: Not a BUY or SELL SIGNAL.

All updates are only for the educational and knowledge purpose.

https://in.tradingview.com/chart/HINDUNILVR/1N6ja1sB-Hindustan-Unilever-Ltd-2777/

Power Generation/Distribution Stocks Analysis PART 1 - 26-Aug-2024

 DPSC Ltd. @ 20.06

Sector: Power Generation/Distribution

Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators

52 Week High 28.05

52 Week Low 13.70

All Time High 48.60

All Time Low 0.75

Book Value Per Share 9.82

Dividend Yield: 0.25

Sector PE 24.62

Face Value 1

Beta 0.95

Mkt Cap (Rs. Cr.) 1,953

SUP: 9/4

RES: 28.1/49

As long as the above supports hold, we can see 25, 34-42, 52-61, 79-89.

Further 105/122/172

NOTE: Not a BUY or SELL SIGNAL.

All updates are only for the educational and knowledge purpose.

https://in.tradingview.com/chart/DPSCLTD/CntR7N9n-DPSC-Ltd-20-06/

Orient Green Power Company Ltd. 21.47

Sector: Power Generation/Distribution

Strong Performer

Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators

52 Week High 34.45

52 Week Low 12.05

All Time High 47.25

All Time Low 1.20

Book Value Per Share 8.85

Dividend Yield: --

Sector PE 24.62

Face Value 10

Beta 1.14

Mkt Cap (Rs. Cr.) 2,518

As long as 5 hold support, we can see 29-34, 43-52, 66-75

Further 89-104, 147

NOTE: Not a BUY or SELL SIGNAL.

All updates are only for the educational and knowledge purpose.

https://in.tradingview.com/chart/GREENPOWER/PO915kiz-Orient-Green-Power-Company-Ltd-21-47/

Indowind Energy Ltd. @ 25.53

Sector: Power Generation/Distribution

Strong Performer

Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators

Promoters holding remains unchanged at 50.76% in Jun 2024 qtr

FII/FPI have increased holdings from 0.00% to 0.24% in Jun 2024 qtr.

Institutional Investors have increased holdings from 0.00% to 0.24% in Jun 2024 qtr.

52 Week High 34.39

52 Week Low 12.35

All Time High 217.75

All Time Low 1.75

Book Value Per Share 22.16

Dividend Yield: --

Sector PE 24.62

Face Value 10

Beta 0.48

Mkt Cap (Rs. Cr.) 328

As long as 8 holds support, we will see 30 first.

Break of 39.21 will be a MULTIYEAR BREAKOUT and we will see 46-55, 69-83, 105-121.

Further extensions can be 144-167, 237.

NOTE: Not a BUY or SELL SIGNAL.

All updates are only for the educational and knowledge purpose.

https://in.tradingview.com/chart/INDOWIND/ZTjLmmgc-Indowind-Energy-Ltd-25-53/

Energy Development Company Ltd. @ 28.42

Sector: Power Generation/Distribution

Weak Stock

Investors should be very cautious while exercising investment decision for the stock

Promoters holding remains unchanged at 58.14% in Jun 2024 qtr

52 Week High 36.80

52 Week Low 15.90

All Time High 356.30

All Time Low 3.25

Book Value Per Share 21.30

Dividend Yield: --

Sector PE 24.62

Face Value 10

Beta 0.65

Mkt Cap (Rs. Cr.) 135

Supports: 13.55/3.35

Resistances: 37/43

If 13 holds support and a break of 42, we can see 52-61, 77-91, 116-130, 155-178, 250

NOTE: Not a BUY or SELL SIGNAL.

All updates are only for the educational and knowledge purpose.

https://in.tradingview.com/chart/ENERGYDEV/ULZaWsrp-Energy-Development-Company-Ltd-28-42/

SRM Energy Ltd. @ 20.87

Sector: Power Generation/Distribution

Promoters holding remains unchanged at 71.19% in Jun 2024 qtr

52 Week High 39.54

52 Week Low 4.59

All Time High 69

All Time Low 1.65

Book Value Per Share -50.86

Dividend Yield: --

Sector PE 24.62

Face Value 10

Beta 0.09

Mkt Cap (Rs. Cr.) 18

Supports: 9.12/2.33

Resistances: 39.55/49.35

Targets: 36, 50-60, 73-87, 110-125

147-170, 239

NOTE: Not a BUY or SELL SIGNAL.

All updates are only for the educational and knowledge purpose.

https://in.tradingview.com/chart/SRMENERGY/JLIfsshT-SRM-Energy-Ltd-20-87/

Jyoti Structures Ltd. @ 29.58

Sector: Infrastructure

FII/FPI have increased holdings from 0.32% to 0.62% in Jun 2024 qtr.

52 Week High 35.30

52 Week Low 10.05

All Time High 327.35

All Time Low 0.80

Book Value Per Share -0.03

Dividend Yield: --

Sector PE 32.39

Face Value 2

Beta 0.64

Mkt Cap (Rs. Cr.) 12,506

Supports: 4.90/0.77

Resistance: 34

As long as 4.9 holds support, we can see 34, 43-52, 67-77, 91-105, 150+

NOTE: Not a BUY or SELL SIGNAL.

All updates are only for the educational and knowledge purpose.

https://in.tradingview.com/chart/JYOTISTRUC/Mk8TIvUG-Jyoti-Structures-Ltd-29-58/

STOCK ANALYSIS 26-AUG-2024

Tata Teleservices (Maharashtra) Ltd. @ 92.78

Sector: Telecommunication - Service Provider

Promoters holding remains unchanged at 74.36% in Jun 2024 qtr

Mutual Funds have increased holdings from 0.06% to 0.07% in Jun 2024 qtr.

52 Week High 98

52 Week Low 58.63

All Time High 123.75

All Time Low 7.01

Book Value Per Share 25.66

Dividend Yield: 1.37

Sector PE 48.69

Face Value 2

Beta 1.13

Mkt Cap (Rs. Cr.) 7,151

Supports: 64, 49, 1.7

Resistances: 112, 291

As long as 49/1.7 holds support, I expect to see 116, 125-138, 161, 182, 219-228-243, 276

Ultimate targets: 116, 228, 276, 338-406, 516-557-626, 719, 802-846-914

NOTE: Not a BUY or SELL SIGNAL.

All updates are only for the educational and knowledge purpose.

https://in.tradingview.com/chart/TTML/DWL05Hjf-Tata-Teleservices-Maharashtra-Ltd-92-78/

Allcargo Logistics Ltd. @ 72.97

Sector: Courier Services

Weak Stock

Investors should be very cautious while exercising investment decision for the stock

Promoters have decreased holdings from 69.92% to 63.66% in Jun 2024 qtr

Mutual Funds have increased holdings from 1.80% to 1.82% in Jun 2024 qtr.

52 Week High 98

52 Week Low 58.63

All Time High 123.75

All Time Low 7.01

Book Value Per Share 25.66

Dividend Yield: 1.37

Sector PE 48.69

Face Value 2

Beta 1.13

Mkt Cap (Rs. Cr.) 7,151

SUP: 55/42/34/8

RES: 98

As long as 55/34 holds support, we can see 100 first.

Further 107-114-121.

Long term targets: 150, 177, 246.

NOTE: Not a BUY or SELL SIGNAL.

All updates are only for the educational and knowledge purpose.

https://in.tradingview.com/chart/ALLCARGO/vLcG86S9-Allcargo-Logistics-Ltd-72-89/

S&P Analysis 24-Aug-2024: Bull or Bear?

 S&P Analysis 24-Aug-2024: Bull or Bear?

CMP: 5634.45

RESISTANCE: 5678

SUPPORT: 5555

As long as 5555 holds support, we can see 5780-5880

Further 6000-6200 (ultimate target).

Below 5555, bearish.

Stock Analysis 23-Aug-2024

 Advani Hotels and Resorts (India) Ltd. @ 75.81

Sector: Hotel, Resort & Restaurants

Strong Performer

Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation

Promoters holding remains unchanged at 50.25% in Jun 2024 qtr

52 Week High 91.65

52 Week Low 41.53

All Time High 91.65

All Time Low 0.49

Book Value Per Share 7.78

Dividend Yield: 3.69

Sector PE 74.45

Face Value 2

Beta 0.54

Mkt Cap (Rs. Cr.) 700

Supports: 55/30/12

Res: 92

As long as 30 holds support, we can see 99-116, 141-157, 184-210, 289+

https://in.tradingview.com/chart/ADVANIHOTR/7jEJYdSF-Advani-Hotels-and-Resorts-India-Ltd-75-77/

Sutlej Textiles and Industries Ltd. @ 75.65

Sector: Textiles & Apparel

Momentum Trap

Strong price momentum & technical indicators may tempt investors to buy this stock. Be selective, not all stocks with strong momentum have strong financials & balance sheet.

Promoters holding remains unchanged at 63.96% in Jun 2024 qtr

52 Week High 77.29

52 Week Low 44.50

All Time High 120

All Time Low 1.81

Book Value Per Share 58.67

Dividend Yield: --

Sector PE 49.83

Face Value 1

Beta 1.37

Mkt Cap (Rs. Cr.) 1,243

Supports: 60/37/15

Res: 121

As long as 37 holds support, we can see 79-88, 101-116, 137-151, 172, 260

Ultimate targets: 93, 127-148, 183-217, 272-306, 360-416, 585

https://in.tradingview.com/chart/SUTLEJTEX/7X9CKgpS-Sutlej-Textiles-and-Industries-Ltd-75-70/

Gateway Distriparks Ltd. @ 101.92

Sector: Ground Freight & Logistics Services

Strong Performer

Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators

Promoters holding remains unchanged at 32.32% in Jun 2024 qtr

52 Week High 121.55

52 Week Low 80.80

All Time High 445.94

All Time Low 40.85

Book Value Per Share 37.78

Dividend Yield: 1.98

Sector PE 48.72

Face Value 10

Beta 0.97

Mkt Cap (Rs. Cr.) 5,058

Broken multiyear resistance 110.

Above 122, we can see 128-144, 171-198, 240-270 further 312-355, 485+

https://in.tradingview.com/chart/GATEWAY/CAGqOyMd-Gateway-Distriparks-Ltd-101-78/

Munjal Auto Industries Ltd. @ 107.32

Sector: Auto Ancillaries - Others

Strong Performer

Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation

Promoters holding remains unchanged at 74.81% in Jun 2024 qtr

52 Week High 117.45

52 Week Low 50.50

All Time High 117.45

All Time Low 2.43

Book Value Per Share 40.12

Dividend Yield: 1.86

Sector PE 51.96

Face Value 2

Beta 1.26

Mkt Cap (Rs. Cr.) 1,073

Supports: 69, 34, 18

Upside can be 90-103 (done), 125-144, 178-199, 232-266, 368

https://in.tradingview.com/chart/MUNJALAU/YjXCqYTd-Munjal-Auto-Industries-Ltd-107-32/

GTPL Hathway Ltd. @ 167.71

Sector: Cable & D2H

Mid-range performer

Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.

Promoters holding remains unchanged at 75.00% in Jun 2024 qtr

52 Week High 217.80

52 Week Low 148.20

All Time High 313.90

All Time Low 32.35

Book Value Per Share 103.13

Dividend Yield: -

Sector PE 36.14

Face Value 10

Beta 0.93

Mkt Cap (Rs. Cr.) 1,886

Supports: 93/32

Upside can be: 267,  375-442, 549-655, 830-934, 1107-1287, 1810

https://in.tradingview.com/chart/GTPL/udbXVrql-GTPL-Hathway-Ltd-167-71/

Global Education Ltd. @ 184.72

Sector: IT - Education

Mid-range performer

Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.

Promoters holding remains unchanged at 70.94% in Jun 2024 qtr

52 Week High 217.80

52 Week Low 148.20

All Time High 313.90

All Time Low 32.35

Book Value Per Share 103.13

Dividend Yield: -

Sector PE 36.14

Face Value 10

Beta 0.93

Mkt Cap (Rs. Cr.) 1,886

Supports: 160/136/89/45/16

Upside can be: 216, 301, 387-438, 524-610, 747-831, 967-1107, 1521.

https://in.tradingview.com/chart/GLOBAL/F59yXuxS-Global-Education-Ltd-184-72/

TATAGOLD Analysis 22-Aug-2024

 TATAGOLD @ 7.08

Sector: Miscellaneous

The investment objective of the fund is to generate returns that are in line with the performance of physical gold in domestic prices, subject to tracking err. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.

52 Week High 7.80

52 Week Low 0.00

All Time High 7.80

All Time Low 6.00

Book Value Per Share 0.00

Dividend Yield: --

Sector PE 0.00

Face Value 0

Beta 0.02

Mkt Cap (Rs. Cr.) 0

RESISTANCE: 7.8

SUPPORTS: 6

Upside can be: 8.10, 9.5, 11, 13, 16+

https://in.tradingview.com/chart/TATAGOLD/jmGKmeeO-TATAGOLD-Ltd-7-08/

Stock Analysis 20-Aug-2024

Greaves Cotton Ltd. @ 174.37

Sector: Engineering - Industrial Equipments @ 173.90

Weak Stock

Investors should be very cautious while exercising investment decision for the stock

Promoters have decreased holdings from 56.00% to 55.88% in Jun 2024 qtr

Mutual Funds have increased holdings from 0.46% to 0.47% in Jun 2024 qtr.

52 Week High 181.40

52 Week Low 112.05

All Time High 258.90

All Time Low 0.80

Book Value Per Share 61.95

Dividend Yield: 1.15

Sector PE 53.26

Face Value 2

Beta 1.14

Mkt Cap (Rs. Cr.) 4,047

RESISTANCE: 259

SUPPORTS: 8112/66

UPSIDE CAN BE: 

Ultimate Targets: 231, 280, 304-350, 423-455, 617-645

https://in.tradingview.com/chart/GREAVESCOT/gePOHLAC-Greaves-Cotton-Ltd-174-37/

Apollo Hospitals Enterprises Ltd. @ 6688

Sector: Hospital & Healthcare Services

Strong Performer

Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators

Promoters pledge remained unchanged at 16.09% of holdings in Jun 2024 qtr.

52 Week High 6874.45

52 Week Low 4726

All Time High 6874.45

All Time Low 27

Book Value Per Share 482.35

Dividend Yield: 0.24

Sector PE 84.14

Face Value 5

Beta 0.56

Mkt Cap (Rs. Cr.) 96,191

RESISTANCE: 6875

SUPPORTS: 6617/6421/5689

UPSIDE CAN BE: 6839, 7205, 7707, 8150, 8377, 8738

https://in.tradingview.com/chart/APOLLOHOSP/vG7ueNin-Apollo-Hospitals-Enterprises-Ltd-6688/

Welcure Drugs and Pharmaceuticals Ltd. @ 7.33

Sector: Pharmaceuticals & Drugs

52 Week High 7.33

52 Week Low 3.20

All Time High 25

All Time Low 0.36

Book Value Per Share 1.05

Dividend Yield: --

Sector PE 47.12

Face Value 10

Beta 0.69

Mkt Cap (Rs. Cr.) 9

Resistances: 12.1

Supports: 3/0.34

Upside can be 10.3, 14-18, 22-26, 34-38, 45-53, 75

https://in.tradingview.com/chart/TATIAGLOB/82P0b8ya-Welcure-Drugs-and-Pharmaceuticals-Ltd-7-33/

Tatia Global Vennture Ltd. @ 3.55

Sector: Textiles

Promoters holding remains unchanged at 41.23% in Jun 2024 qtr

52 Week High 7.65

52 Week Low 2.17

All Time High 32.70

All Time Low 0.10

Book Value Per Share 1.75

Dividend Yield: --

Sector PE 44.83

Face Value 1

Beta 0.29

Mkt Cap (Rs. Cr.) 53

Resistances: 7.70

Supports: 0.85/0.16

Above 7.7, we can see 10-12, 16-18, 21, 25, 34.

https://in.tradingview.com/chart/TATIAGLOB/8gMpOtk9-Tatia-Global-Vennture-Ltd-3-55/

Indiabulls Enterprises Ltd. @ 11.63

Sector: Miscellaneous

Weak Stock 

Investors should be very cautious while exercising investment decision for the stock

Promoters holding remains unchanged at 60.97% in Jun 2024 qtr

52 Week High 15.20

52 Week Low 9.25

All Time High 27.05

All Time Low 7.45

Book Value Per Share 29.03

Dividend Yield: --

Sector PE 33.30

Face Value 2

Beta 1.01

Mkt Cap (Rs. Cr.) 230

Resistances: 15.21/28

Supports: 9.7/7.3

As long as 7 holds supports, we can see 17-19, 22-25, 30-33, 27, 42, 55.

https://in.tradingview.com/chart/IEL/2IjNUM5T-Indiabulls-Enterprises-Ltd-11-63/

Stock Analysis 19-Aug-2024

 SAIL (Steel Authority of India Ltd.) @ 130.60

Sector: Iron & Steel

Strong Performer

Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators

Promoters holding remains unchanged at 65.00% in Jun 2024 qtr

52 Week High 175.35

52 Week Low 81.80

All Time High 293

All Time Low 3.95

Book Value Per Share 138.24

Dividend Yield: 1.53

Sector PE 30.24

Face Value 10

Beta 2.33

Mkt Cap (Rs. Cr.) 53,944

RESISTANCE: 293

SUPPORTS: 81/63/19

UPSIDE CAN BE: 

MIN TARGETS: 188, 213, 234 

NORMAL TARGETS: 260-75, 325-369, 406-426-457

EXTENSIONS: 538, 619, 863

https://in.tradingview.com/chart/SAIL/IuUfEnM2-SAIL-Steel-Authority-of-India-Ltd-130-60/

SELECTED STOCKS 17-AUG-2024

ILandFS Investment Managers Ltd. @ 14.07

Sector: Finance - Investment

Momentum Trap

Strong price momentum & technical indicators may tempt investors to buy this stock. Be selective, not all stocks with strong momentum have strong financials & balance sheet.

Promoters initiated pledges of 100.00% of holdings in Jun 2024 qtr.

52 Week High 18.39

52 Week Low 7.15

All Time High 39.93

All Time Low 0.00

Book Value Per Share 6.44

Dividend Yield: 4.98

Sector PE 32.10

Face Value 2

Beta 1.15

Mkt Cap (Rs. Cr.) 441

Supports: 11/5/1

Upside can be: 21-25, 30-34, 40-46, 64

NOTE: Not a BUY or SELL SIGNAL.

All updates are only for the educational and knowledge purpose.

https://in.tradingview.com/chart/IVC/pNIZvQQf-ILandFS-Investment-Managers-Ltd-14-07/

Oswal Greentech Ltd. @ 43.96

Sector: Finance - Investment

Mid range performer

Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.

Promoters holding remains unchanged at 64.34% in Jun 2024 qtr.

52 Week High 54.25

52 Week Low 23.15

All Time High 54.25

All Time Low 6.06

Book Value Per Share 96.94

Dividend Yield: --

Sector PE 32.10

Face Value 10

Beta 1.06

Mkt Cap (Rs. Cr.) 1,125

Supports: 27/16/5

Immediate Resistance: 55

Upside can be: 64, 77, 95, 107, 125, 144.

NOTE: Not a BUY or SELL SIGNAL.

All updates are only for the educational and knowledge purpose.

https://in.tradingview.com/chart/OSWALGREEN/0GxkjQW2-Oswal-Greentech-Ltd-43-96/

Mawana Sugars Ltd. @ 108.76

Sector: Sugar

Strong Performer

Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators

Promoters holding remains unchanged at 63.49% in Jun 2024 qtr

52 Week High 136.1

52 Week Low 83.40

All Time High 179.70

All Time Low 1.45

Book Value Per Share 104.87

Dividend Yield: 3.68

Sector PE 18.19

Face Value 10

Beta 0.97

Mkt Cap (Rs. Cr.) 425

Supports: 67/14

Immediate Resistance: 138

Upside can be: 155, 186, 240-293, 340, 380-434

NOTE: Not a BUY or SELL SIGNAL.

All updates are only for the educational and knowledge purpose.

https://in.tradingview.com/chart/MAWANASUG/c0yHygfa-Mawana-Sugars-Ltd-108-76/

RattanIndia Power Ltd. @ 15.25

Sector: Power Generation/Distribution

Strong Performer

Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators

52 Week High 21.10

52 Week Low 4.65

All Time High 45.05

All Time Low 0.95

Book Value Per Share 7.13

Dividend Yield: --

Sector PE 24.02

Face Value 10

Beta 0.74

Mkt Cap (Rs. Cr.) 8,189

Supports: 7/2

Immediate Resistance: 21

Upside can be: 23-26, 32-34, 40-42, 48, 55, 64

NOTE: Not a BUY or SELL SIGNAL.

All updates are only for the educational and knowledge purpose.

https://in.tradingview.com/chart/RTNPOWER/8FzzadOD-RattanIndia-Power-Ltd-15-25/

SELECTED STOCKS 15-AUG-2024 - INDEPENDENCE DAY SPECIAL 2024

NOTE: Not a BUY or SELL SIGNAL.

All updates are only for the educational and knowledge purpose.

Indian Overseas Bank @ 59.71

Sector: Bank - Public

Mid range performer

Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.

Promoters holding remains unchanged at 96.38% in Jun 2024 qtr

52 Week High 83.75

52 Week Low 24.45

All Time High 227.45

All Time Low 6.05

Book Value Per Share 12.18

Sector PE 11.47

Face Value 10

Beta 2.05

Mkt Cap (Rs. Cr.) 112,866

As long as 29/6 holds support and break of 84, we can see 160 first and further 233+

https://in.tradingview.com/chart/IOB/bXb520uY-Indian-Overseas-Bank-59-71/

Hathway Cable and Datacom Ltd. @ 20.83

Sector: Cable & D2H

Strong Performer

Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators

Promoters holding remains unchanged at 75.00% in Jun 2024 qtr

52 Week High 27.95

52 Week Low 14.60

All Time High 76.40

All Time Low 10.50

Book Value Per Share 23.31

Dividend Yield: --

Sector PE 35.14

Face Value 2

Beta 1.20

Mkt Cap (Rs. Cr.) 3,687

Support: 8

Upside can be: 42, 58-70, 87-94, 134-142, 150

https://in.tradingview.com/chart/HATHWAY/IlQNee5P-Hathway-Cable-and-Datacom-Ltd-20-83/

Shree Renuka Sugars Ltd. @ 46.12

Sector: Sugar

Promoters holding remains unchanged at 62.48% in Jun 2024 qtr

52 Week High 57.25

52 Week Low 36.55

All Time High 123.50

All Time Low 3.25

Book Value Per Share -2.85

Dividend Yield: --

Sector PE 18.59

Face Value 1

Beta 1.14

Mkt Cap (Rs. Cr.) 9,816

Support: 3

Upside can be: 69, 100-116, 142-167, 207-216

https://in.tradingview.com/chart/RENUKA/tqWYu9WL-Shree-Renuka-Sugars-Ltd-46-12/

Canara Bank @ 105.65

Sector: Bank - Public

Strong Performer

Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators

Promoters holding remains unchanged at 62.93% in Jun 2024 qtr

52 Week High 128.90

52 Week Low 60.51

All Time High 164.23

All Time Low 80.14

Book Value Per Share 343.30

Dividend Yield: 15.24

Sector PE 12.07

Face Value 10

Beta 1.65

Mkt Cap (Rs. Cr.) 95,831

Supports: 68/34/14

Upside can be: 138-145, 177-203, 277

Ultimate targets: 340, 640+

https://in.tradingview.com/chart/CANBK/M1CE3rB1-Canara-Bank-105-65/

IDFC Ltd. @ 105.78

Sector: Finance - Housing

Falling Comet

Stock with medium financial performance and average valuation, but technical indicator shows weak price momentum indicating waning investors interest in stock.

Mutual Funds have increased holdings from 8.73% to 9.38% in Jun 2024 qtr.

52 Week High 137

52 Week Low 103.80

All Time High 235

All Time Low 13.25

Book Value Per Share 51.76

Dividend Yield: --

Sector PE 87.05

Face Value 10

Beta 1.23

Mkt Cap (Rs. Cr.) 16,924

Supports: 71/40/13

Upside can be: 134-142, 190-212, 247-260

https://in.tradingview.com/chart/IDFC/HzHIpy6a-IDFC-Ltd-105-78/

Powergrid Infrastructure Investment Trust Ltd. @ 93.44

Sector: Miscellaneous, InvITs (Infrastructure Investment Trust)

Mid-range performer

Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.

52 Week High 125.99

52 Week Low 92.30

All Time High 142

All Time Low 0.00

Book Value Per Share 110.70

Dividend Yield: 12.84

Sector PE 9.39

Face Value 100

Beta 0.14

Mkt Cap (Rs. Cr.) 8,503

Upside can be: 150+

South Indian Bank Ltd. @ 24.07

Sector: Bank - Private

Slowing down stock

Stock with good financial perrformance alongside good to expensive valuation, but technical indicators shows weak momentum indicating no investors interest in stock.

Mutual Funds have increased holdings from 1.69% to 2.19% in Jun 2024 qtr.

52 Week High 40.15

52 Week Low 16.50

All Time High 40.15

All Time Low 1.03

Book Value Per Share 27.97

Dividend Yield: 1.25

Sector PE 18.09

Face Value 1

Beta 1.25

Mkt Cap (Rs. Cr.) 6,297

Supports: 12, 4

Upside can be: 40, 55+

https://in.tradingview.com/chart/SOUTHBANK/FlwOLfpH-South-Indian-Bank-Ltd-24-07/

Steel Authority of India Ltd. @ 125.23

Sector: Iron & Steel

Strong Performer

Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators

Promoters holding remains unchanged at 65.00% in Jun 2024 qtr

52 Week High 175.35

52 Week Low 80.45

All Time High 293

All Time Low 3.95

Book Value Per Share 131.25

Dividend Yield: 1.60

Sector PE 30.20

Face Value 10

Beta 2.34

Mkt Cap (Rs. Cr.) 51,726

Supports: 116/77

Upside can be: 194-225, 275-325, 400-460

https://in.tradingview.com/chart/SAIL/sL9fIgVq-Steel-Authority-of-India-Ltd-125-23/

National Aluminium Company Ltd. @ 165.09

Sector: Aluminium & Aluminium Products

Strong Performer

Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators

Promoters holding remains unchanged at 51.28% in Jun 2024 qtr

52 Week High 209

52 Week Low 80.65

All Time High 209

All Time Low 9.13

Book Value Per Share 68.34

Dividend Yield: 3.03

Sector PE 29.63

Face Value 5

Beta 2.39

Mkt Cap (Rs. Cr.) 30,320

Supports: 130/55

Upside can be: 240-280, 350-390

https://in.tradingview.com/chart/NATIONALUM/GkS2j8ZP-National-Aluminium-Company-Ltd-165-09/

NMDC Ltd. @ 210.94

Sector: Iron & Steel

Strong Performer

Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators

Promoters holding remains unchanged at 60.79% in Jun 2024 qtr

52 Week High 286.35

52 Week Low 103.80

All Time High 571.20

All Time Low 61.55

Book Value Per Share 119.43

Dividend Yield: 2.73

Sector PE 19.96

Face Value 1

Beta 1.55

Mkt Cap (Rs. Cr.) 61,818

Supports: 160/103/47

Upside can be: 303-338, 440, 570+

https://in.tradingview.com/chart/NMDC/ENrmM1WK-NMDC-Ltd-210-94/

XAUUSD ANALYSIS 01-AUG-2024

 01-AUG-2024

BANKNIFTY ANALYSIS AUGUST 2024

 01-AUG-2024

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20-AUG-2024: BULL or BEAR?

19-AUG-2024: BULL or BEAR?

NIFTY ANALYSIS AUGUST 2024

 01-AUG-2024

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29-AUG-2024: BULL or BEAR?

26-AUG-2024: BULL or BEAR?

20-AUG-2024: BULL or BEAR?

19-AUG-2024: BULL or BEAR?

16-AUG-2024: BULL or BEAR?

14-AUG-2024: BULL or BEAR?