IndianMarketPulse-Investment Advice

We believe Ajanta Pharma is in a sweet spot and this valuation justify for the company and have a buy rating. USFDA cleared Ajanta Pharma’s Dahej facility which was built with a capex of Rs 500 crore. While, the first block of its Guwahati facility which is dedicated for derma products started production during FY18, while the second phase’s expansion is underway and may see stabilisation by October 2018, company expects a contribution will start coming in FY20. Apart from ramping up facilities and increasing capex company has also plans to acquire brands in India and abroad to supplement growth. In India, most of its core brands have stabilised and are showing growth.   Management also aims to strengthen its domestic presence. Apart from spending over Rs 800 crore in the last three years, it further plans to do capex of Rs 500 crore over a couple of years. Most of this capex will be spent on Guwahati facility’s second phase. We believe Ajanta Pharma is in a sweet spo...

ITC  has been in a long consolidation for several weeks; however, this week, the stock opened higher with a gap and broke the upper band of the trend line. Due to overall consolidation, the weekly chart resembles a formation of Ascending Triangle pattern. The weekly RSI (14) entered well inside the 60 levels. Hence, we recommend traders to buy this stock above Rs 291 with a price target of Rs 330 and stop loss placed below Rs 274.      MORE WILL UPDATE SOON!!

The stock can be bought at current levels and on dips to 1040 with a stop loss below 1010 for a target of 1190 levels.    Pidilite Industries  is in long-term uptrend forming tops and higher bottoms on the weekly chart. After touching high of Rs 1195 in the month of May, stock corrected down to Rs 1019 levels. Here price has taken support at 50% retracement of the rise from Rs 845 to Rs 1195. Also, the price has taken support at 89-day exponential moving average and holding above it. Relative strength index has given positive crossover with its average on the daily chart. Thus, the stock can be bought at current levels and on dips to Rs 1040 with a stop loss below Rs 1010 for a target of Rs 1190 levels. MORE WILL UPDATE SOON!!

The stock can be bought at current levels and on dips to Rs 570 with a stop loss below Rs 550 for a target of Rs 640 levels.   Voltas  had seen a sharp decline from high of Rs 665 in the month of April this year to a low of Rs 493. Low was formed on high volumes and long ranged bar  suggesting value buying coming at lower levels. The stock has formed a rounding bottom pattern between Rs 560 and 493 odd levels on the short-term daily chart. Price has given breakout from Bollinger band on the upside with the expansion of band suggesting a continuation of the trend in the direction of the breakout. Daily MACD has moved above neutral level of zero suggesting bottoming process is complete and the stock likely to see the start of a new uptrend. Thus, the stock can be bought at current levels and on dips to Rs 570 with a stop loss below Rs 550 for a target of Rs 640 levels. MORE WILL UPDATE SOON!!

We expect HDFC Bank’s considerable moat to aid sustainable high future earnings growth, notwithstanding its large size, making it a must own core holding among Indian equities. one of the largest and most profitable private sector banks, posted yet another quarter of strong performance backed by healthy loan book growth. Though the headline number for the June quarter was slightly lower than street expectations, core operating numbers, excluding one-off investment, were strong. We see Q1 as a speed breaker, not a derailment, in the bank’s upward journey. In the current scenario, where public sector banks are saddled with huge non-performing assets and constrained by lack of sufficient capital, we expect the bank to strengthen its corporate lending by gaining market share from public sector banks while maintaining its leadership position in the retail segment. We see the bank churning profitable growth over the next few years as it enjoys dual moats (competitive advantage) on b...

The stock can be bought at current level and on dips to Rs 607 with a stop loss below Rs 585 for a target of Rs 700.   Godrej Industries has been in an uptrend on the long-term charts forming higher tops and higher bottoms on the long-term chart. For the last eleven months, the stock has been in a corrective phase and was trading sideways to negative in a narrow range of Rs 699 to Rs 512 levels. The stock has seen a bounce back from Rs 550-512 zone on multiple occasions indicating a strong support zone for the stock. The daily MACD line has given positive crossover with its average suggesting stock is likely to see the start of a fresh uptrend. The stock has moved above the falling resistance trend line connecting highs of Rs 699 and Rs 646 on the weekly chart and was consolidating above it for the last few weeks. Thus, the stock can be bought at current level and on dips to Rs 607 with a stop loss below Rs 585 for a target of Rs 700 levels. MORE WILL UPDATE...

The stock can be bought at current level and on dips towards Rs 1,320 with a stop loss below Rs 1,290 and a target of Rs 1,450 levels.   Infosys has seen a base formation between the levels of Rs 1,280 and Rs 900 over a period of two years. Last week, the price saw a breakout from this consolidation and hit a new high of Rs 1,340 in Monday’s session. Typically, the stock breaking out at all-time highs continue to see new highs in the near future as well. The stock is taking support at its 21-days moving average and then started trending higher. The price has also given a breakout from Bollinger band with the expansion of band and closed above the upper band. Thus, the stock can be bought at current level and on dips towards Rs 1,320 with a stop loss below Rs 1,290 and a target of Rs 1,450 levels. MORE WILL UPDATE SOON!!

The stock can be bought at current level and on dips towards Rs 635 with a stop loss below Rs 615 and a target of Rs 720 levels. Long-term uptrend forming higher tops and higher bottoms on the daily chart and weekly chart. The stock has seen in a consolidation zone between the levels of Rs 645 and 545 odd levels over the last four months with a positive bias. The price has been taking support at its 100-day moving average. The Relative Strength Index on the daily chart has given a positive crossover with its average suggesting that the stock is likely to see a breakout on the upside. Thus, the stock can be bought at current level and on dips towards Rs 635 with a stop loss below Rs 615 and a target of Rs 720 levels. MORE WILL UPDATE SOON!!