Saturday, September 24, 2016

Weekly Indian Sector Outlook -26.09.2016 -30.09.2016

Posted by

Indian Market Outlook for the week – 26 to 30.09.2016

Indian Market Outlook for the week – 26 to 30.09.2016

 Seen volatile next week before F&O expiry Thu


Click Here  & Register To Get 2 days Trial Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753

    Domestic  equities  are  likely  to  be  volatile  next  week  as  traders  roll  over  positions  to  the  October derivatives contracts ahead of the expiry of the September series on Thursday. Market participants believe  the  index  will  face  strong  resistance  at  the  psychological  9000-point  mark.  In  a  lacklustre session yesterday, the Nifty 50 and S&P BSE Sensex ended 0.4% lowers each at 8831.55 points and 28668.22 respectively. Investors, especially foreign institutional investors, booked profits after buying in the last two sessions. FIIs yesterday net  sold shares worth  nearly 3  bln rupees after net buying over  5  bln  rupees  worth  of  shares  in  the  last  two  days.  The  underlying  bias  for  equities,  though, remains bullish as indices approach their lifetime highs. Some of sectors are being re-rated which is what  the  bull  market  does,  and  identifying  those  trends  can  lead  to decent  capital  appreciation in those stocks.   Market participants are upbeat about pharmaceutical, bank and energy stocks, and  expect them to extend gains next week. The Nifty Bank index is expected to rise towards 20400 points next week, and if traders book profits then losses in the index are seen capped at 19700. Yesterday, the index ended  at  19901.80  points,  down  1%.  Pharmaceutical  stocks  are  likely  to  gain  on  optimism  that regulatory issues around companies in the sector will be resolved in the next one year. On Monday, investors would focus on shares of real estate and infrastructure companies, hotels and hospitals as SEBI has made changes to norms for investing in real estate and infrastructure investment trusts.

Free Intraday Tips : Join Our Whatsapp No : 9841986753
Posted by

Cement Stocks Outlook for the week – 26 to 30.09.2016

Cement Stocks Outlook for the week – 26 to 30.09.2016

 Mixed next week, large-caps seen under pressure 


Click Here  & Register To Get 2 days Trial Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753

 
  Stocks  of  cement  manufacturers  are  seen  trading  on  a  mixed  note  next  week,  with  large-cap companies such as ACC Ltd  and Ambuja Cements expected to bear the brunt  of higher valuations, while  mid-  and  small-caps  likely  to  fare  better.  For  cement  stocks,  the  profit  bookings  have  just started. Ambuja Cement stocks fell 1.3% during the week and analysts expect it to remain weak next week as well. Among large-caps in the sector, UltraTech Cement is seen bucking the negative trend. It  has  been  in  the  positive  territory  and  is  expected  to  continue  to  be  there.  Companies  with operations in north and east India are likely to face some resistance due to weak demand and on the impact of the ban on sand mining in Uttar Pradesh. Companies having a presence in west and south India are likely to fare better.


Free Intraday Tips : Join Our Whatsapp No : 9841986753
Posted by

Auto Stocks Outlook for the week – 26 to 30.09.2016

Auto Stocks Outlook for the week – 26 to 30.09.2016

 Seen range bound; bias remains positive overall 


Click Here  & Register To Get 2 days Trial Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753

 
 Seen range bound; bias remains positive overall   Stocks  of  major  automobile  companies  are  seen  trading  in a  narrow range  next  week,  with  some possibility of a correction, as most of the stocks have  performed well  and  are in the "overbought" category.  However,  bias  for  the  consumer  discretionary  sector  remains  positive.  Payout  of  arrears after  the  salary  hike  of  government  employees  and  good  monsoon  rains  are  seen  lifting  demand during Sep-Oct. Earlier this month, the Society of Indian Automobiles Manufactures revised upward its projection for growth in sales of passenger vehicles in 2016-17 (Apr-Mar) to double digit, from 7-8% seen at the beginning of the year. The CNX Auto index, which ended higher by 1.06% on week at 10224.95 points yesterday, is seen trading sideways in line with broader indices over the next few sessions.   Stocks of Maruti Suzuki India Ltd has been trading in the "overbought" zone in the last few weeks and analysts see some correction in the stock going forward. For the longer term, however, the stock remains positive, backed by strong fundamentals and a good order book. Analysts are also bullish on Tata Motors Ltd in the long term but expect some pullback in the stock. Two-wheeler companies are seen consolidating at current levels with stocks like Bajaj Auto Ltd, Hero Motocorp Ltd entering into overbought zone. Analysts expect some pullback in Hero Motocorp Ltd. Shares of Bajaj Auto Ltd and Mahindra & Mahindra Ltd are seen trading in a narrow range next week.


Free Intraday Tips : Join Our Whatsapp No : 9841986753
Posted by

Telecom Stocks Outlook for the week – 26 to 30.09.2016

 Telecom Stocks Outlook for the week – 26 to 30.09.2016

 May fall next week; Bharti Airtel seen outlier


Click Here  & Register To Get 2 days Trial Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753

  Telecom stocks, except Bharti Airtel Ltd, will continue to decline over the next week due to impact of 4G services rollout by Reliance Jio Infocomm. The stocks will remain dull in the run up to the largest ever spectrum auction in India on Oct 1. Airwaves for high-speed 4G services worth over 5 trln rupee at  the base  price will  be  auctioned by  the government. But  Bharti Airtel,  country's largest telecom operator,  saw some  recovery this  week and is likely to  rise more.  In a  fight back  to Reliance Jio's offer, Bharti Airtel yesterday launched its most aggressive data plan that offered users unlimited 4G data for  90 days for 1,495 rupees. Airtel  is forming a pull-back. The upward trend for Bharti Airtel may not last beyond the end of next week.   Stocks of Idea Cellular and Reliance Communications Ltd are likely to decline next week. Idea Cellular has been the worst  performing stock since  Jio's entry.  Reliance  Communications  may continue  the downward  trend  until  clarity  emerges  on  the  plans  of  the  Anil  Ambani-group  company's  proposed merger of its mobile operations with Maxis Communications-owned Aircel Ltd into a separate entity. The  market  will  wait  for  details  of  the  final  debt  on  the  books  of  Reliance  Communications.  The telecom sector will remain under pressure over the next couple of weeks as operators typically add hundreds of  millions of  rupees  in  debt to  fund  spectrum  purchases.  Recently, Vodafone  Group  Plc made an equity infusion of 477 bln rupees into its fully-owned subsidiary Vodafone India, a part of which will be used to buy airwaves. Seven operators have submitted their letters of interest to the government for the auction


Free Intraday Tips : Join Our Whatsapp No : 9841986753
Posted by

FMCG Stocks Outlook for the week – 26 to 30.09.2016

FMCG Stocks Outlook for the week – 26 to 30.09.2016

 May fall next week as raw material cost high


Click Here  & Register To Get 2 days Trial Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753

   Stocks  of  fast  moving  consumer  goods  companies  may  fall  in  the  coming  days  as  the  sector continues to face pressure from rising cost of raw materials. Prices of crude oil rose 10.8% on month, palm oil over 20% and sugar about 2% in August. Revenue momentum in the fast moving consumer goods  sector  will  continue  to  remain  subdued.  Though  expectations  of  an  earnings  recovery  are strong in the Oct-Mar period owing to normal monsoon this year, the green shoots may appear very late. The extent of recovery may not be as strong as market expectations.    In the Jun-Sep monsoon season, India received 813.1 mm of rainfall until Thursday, 96% of the long period average. A normal monsoon could also see the demand for household insecticide business rise during  the  Jul-Sep  quarter.  The  brokerage  has  a  'buy'  rating  for  stocks  of  Emami  Ltd  and  a  'sell' rating for  Godrej Consumer Products Ltd.  A pick-up in consumer demand in the  festive season will
   help  companies  perform  better  in  the  immediate  quarter.  HUL  (Hindustan  Unilever  Ltd),  given  its widest rural reach, is expected to be the biggest beneficiary of this pick-up in consumer demand.   Jubilant FoodWorks Ltd, the food service company that operates Domino's Pizza and Dunkin Donuts chains in India, may face a tough time ahead. The resignation of the company's chief executive Ajay Kaul on Sep 19 after being at the helm for 11 years is seen by many in the market as an outcome of the  company's  poor  show  in  the  Apr-Jun  quarter  this  year.  The  company  reported  a  net  profit  of 189.9  mln  rupees in  Apr-Jun,  down  31%  on  year.  The  company's  volume  in  the  same-store  sales category fell 3.2% on year. The de-growth in same-store sales was a "matter of concern". The long-term  story  of  food  service  industry  is  in  place  and  Jubilant  FoodWorks  Ltd  may  benefit  from  the demand revival. But until same store sales improves, margins and earnings may remain suppressed


Free Intraday Tips : Join Our Whatsapp No : 9841986753
Posted by

Banks Stocks Outlook for the week – 26 to 30.09.2016

 Banks Stocks Outlook for the week – 26 to 30.09.2016

  Seen volatile next week ahead of Sep F&O expiry


Click Here  & Register To Get 2 days Trial Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753

   Banks stocks are likely to be volatile next week, ahead of the expiry of the September futures and options contracts on Thursday. The Nifty Bank is expected to trade in the range of 20500-19500 next Week. Yesterday, the index ended at 19907.80, down 1% for the week. Consolidation is expected in the  broader  market.  A  correction  in  the  market  is  likely  due  to  profit  booking  as  the  Nifty  50 approaches 9000 levels. However, we continue to feel that the outperformance in banking stocks is likely to continue, unless the index holds above 19700 levels. Stocks of private sector banks are likely to  continue being preferred compared  to  those of  their  state-owned peers. Next  week,  build-up of long  and  short  positions  is  seen  in  Allahabad  Bank  and  Kotak  Mahindra  Bank,  respectively,  while unwinding of long bets is seen in YES Bank.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Posted by

Pharma Stocks Outlook for the week – 26 to 30.09.2016

   Pharma Stocks Outlook for the week – 26 to 30.09.2016 
 In range; Glenmark may witness profit booking


Click Here  & Register To Get 2 days Trial Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753

   Stocks of pharmaceutical companies are likely to trade range bound next week after the recent gains in the sector. Glenmark Pharmaceuticals, which has risen 12% in the past one month, may witness some profit booking. The overall bias for pharmaceutical sector remains positive, particularly due to favourable valuations of large caps. Regulatory compliance issues at a number of manufacturing units of pharma companies have hampered growth in the last couple of years, especially in the US.   However, fresh regulatory concerns have not emerged recently, which has lifted investors' sentiment.  Improvement in domestic sales in August also provided some support. According to data from market research firm AIOCD-AWACS, India pharma market grew 14.7% on year in July as against a growth of  9.7%  in  June  led  by  growth  in  sales  of  anti-infective  and  respiratory  drugs.  Growth  in  anti-infective,  respiratory  and  anti-malarial  drugs  in  August  was  due  to  rise  in  seasonal  ailments  but performance  of  most  other  therapeutic  areas  was  stable.  Thus,  sustainability  of  overall  growth numbers  beyond  the  next  two  months  remains  uncertain.  On  technical  charts,  the  trend  for  Sun Pharmaceutical Industries and Aurobindo Pharma is seen positive.   Though there could be some profit booking in Aurobindo Pharma after it rose 7% in one week, the trend  remains  firm.  Volatility  is  expected  next  week  in  the  broader  market  due  to  expiry  of  the derivatives contracts on Thursday.

Free Intraday Tips : Join Our Whatsapp No : 9841986753
Posted by

Oil Stocks Outlook for the week – 26 to 30.09.2016

  Oil Stocks Outlook for the week – 26 to 30.09.2016

 Shares of retailers seen trading range-bound 


Click Here  & Register To Get 2 days Trial Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753

   Next week, stocks of state-owned oil refining companies--Indian Oil Corp Ltd, Bharat Petroleum Corp Ltd,  and  Hindustan  Petroleum  Corp  Ltd--are  seen  trading  positively,  albeit  within  a  range.  With refining  margins  improving  globally  and  strong  fundamentals  in  the  domestic  market,  these  stocks are likely to continue with the positive momentum in the near term, despite some minor correction and  consolidation  intermittently.  Over  a  longer  term,  Indian  Oil  is  the  preferred  pick  for  most analysts. They expect India's largest oil retailer to be the biggest beneficiary of the continuous rise in domestic demand for petroleum products.   The  company  offers advantage of scale in  refining,  petrochemical and  marketing business,  and  its new  projects  will  improve  efficiency.  In  the  absence  of  any  other  major  triggers,  the  trend  for  oil companies over the next  few sessions will be determined by the  movement in crude oil prices and sentiment in the broad market. Crude oil futures on domestic and global exchanges are seen falling, as  market  participants  are  cautious  ahead  of  a  meeting  of  major  oil  producers  next  week.  The Organization of the Petroleum Exporting Countries and other oil producers are meeting next week in Algiers to discuss ways to stabilise the market, including a freeze on output. However, high levels of crude oil production by OPEC countries such as Saudi Arabia and Iran indicate that a deal to freeze output  may be unlikely.  The meeting  next  week is  expected  to  end without  any  result.  The global bank also cautioned that prices could fall due to "high net long positioning" of investors.   Crude oil exports from Libya, too, could increase after the country re-established control over its oil ports seized by militants. A decline in oil prices would be a negative for upstream companies such as ONGC, Oil India and Cairn India Ltd, but a positive for downstream companies, and may impact the stocks accordingly. Despite the weakness in crude oil prices, stocks of upstream companies appear to be positive on the charts. Among upstream companies, ONGC is the preferred pick, as most analysts believe that its  valuations are cheap. Fluctuation  in the  dollar-rupee exchange rate is  also likely to affect  the  shares  of  oil  companies.  If  the  dollar  strengthens  against  the  rupee,  it  will  hit  refining companies  and  benefit  upstream  players.  A  weak  dollar,  on  other  hand,  is  advantageous  for downstream companies


Free Intraday Tips : Join Our Whatsapp No : 9841986753
Posted by

Metal Stocks Outlook for the week – 26 to 30.09.2016

   Metal Stocks Outlook for the week – 26 to 30.09.2016

 Likely to continue rising next week  


Click Here  & Register To Get 2 days Trial Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753

 The rise in stocks of major metal and mining companies is likely to sustain in the coming week as impact of government measures to limit imports into India is helping domestic companies. The index has risen 53% since September 2015. Market participants would be eyeing any development related to imposition of anti-dumping duty on certain steel products. Earlier this week Steel Secretary Aruna Sharma had said that the government would further prune the list of steel products under minimum import price and levy anti-dumping duty on them instead. The anti-dumping duty is likely to be levied in the next one or two weeks.   The  government  had  imposed  minimum  import  price  on  173  steel  products  in  February  for  six months.  On  Aug  4,  the  government  removed  minimum  import  price  for  107  specific  items,  and simultaneously  imposed  anti-dumping  duty  on  broader  categories  of  hot-rolled  and  cold-rolled products.  A  dampener  for  metal  stocks  could  be  the  sharp  rise  in  prices  of  coking  coal  that  can reduce competitiveness of the steelmakers.   Prices of coking coal, a crucial raw material used in the production of steel, has shot up to $200 per tn, a nearly 80% rise over the last month. India imports most of its coking coal requirement. Vedanta is the top pick in the metals and mining space.

Free Intraday Tips : Join Our Whatsapp No : 9841986753
Posted by

Capital Goods Stocks Outlook for the week – 26 to 30.09.2016

Capital Goods Stocks Outlook for the week – 26 to 30.09.2016

 Seen trading in a narrow range next week  


Click Here  & Register To Get 2 days Trial Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753

  5 Stocks of capital goods companies are likely to trade in a tight range with a negative bias next week, as  the  broad  outlook  on  the  sector  continues  to  be  dull,  and  due  to  lack  of  significant  triggers. Traders  will,  however,  find opportunities  in  select  counters in  the  capital goods space  in  the  short term.  Action  will  largely  be  stock-specific  in  the  coming  week.  Stocks  of  Larsen  &  Toubro  might record gains next week, as the company has bagged a $99.7-mln order from Vietnam Border Guard to  build  high-speed  patrol  vessels.  The  sector  bellwether's  subsidiary,  L&T  Technology  Services, yesterday listed at 920 rupees, a near 7% premium to its issue price of 860 rupees, which could push the parent company's scrip to 1,520 rupees in the second half of the coming week.   State-owned  Bharat  Heavy  Electricals  might  see  a  slight  upside  next  week,  as  its  Chairman  and Managing  Director  Atul  Sobti  recently  said  that  in  2015-16  (Apr-Mar),  the  company  recorded  the highest-ever  commissioning  of  projects  and  the  highest  order  booking  in  the  last  five  years.  The company  closed  the  financial  year  ended  March  with  a  total  order  book  of  1.10  trln  rupees  for execution in 2016-17 and beyond.  Crompton Greaves shares could fall in the  coming week,  as the Avantha Group company's business prospects in the near term appear weak. 

Free Intraday Tips : Join Our Whatsapp No : 9841986753
Posted by
Subscribe to: Posts (Atom)