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Tuesday, 20 August 2024

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/

Monday, 19 August 2024

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/



Saturday, 17 August 2024

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/





Thursday, 15 August 2024

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/

Thursday, 1 August 2024

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?