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Market heading with no resistance

Discussion in 'Fundamental Analysis' started by nivezastock, Aug 22, 2016.

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  1. nivezastock

    nivezastock New Member

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    GST Bill found no resistance in Lower house as well. RBI policy was delivered as what had expected by the street. RBI governor Mr. Raghuram Rajan was clear with his thoughts while delivering his last policy. Targeting inflation could be the focus for RBI in the future as well. GDP numbers are looking much stable. Quarter results were under control as of now. Banks are disturbing the result equations but investors are taking it as buying opportunity.

    Saddled with rising bad loans, five public sector banks, including Bank of India, Dena Bank and Central Bank of India, today posted a combined loss of Rs 2,564 crore for the first quarter ended June. Meanwhile, the country's largest lender SBI witnessed a 78 per cent drop in consolidated profit to Rs 1,046 crore against Rs 4,714 crore profit in the same quarter a year ago. Oriental Bank of Commerce (OBC) too reported 61 per cent decline in net profit at Rs 100.69 crore as against Rs 257.84 crore in the corresponding April-June quarter of 2015-16. Leading the pack, Bank of India reported a loss of Rs 741.3 crore as provisions for bad loans nearly doubled. Provisions and contingencies nearly doubled to Rs 277 crore as against Rs 151 crore in the year-ago period. As on June 30, the bank's gross non-performing assets (NPAs) increased to 13.38 per cent of advances as against 6.80 per cent in the corresponding quarter of last fiscal.
     
  2. nivezastock

    nivezastock New Member

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    #Nivezareview :: Welspun India crashes another 20%, now Walmart smells a rat ::

    One of the imminent player from U,S market, Target Corporation who is a big client and accounts for slightly around or over 10% of overall revenue of Welspun India has cancelled the all orders from Welspun and have mentioned about in future won't really go for such kind of orders with company. The company has mentioned about substandard work and product quality of Welspun. So this kind of news really hurts the sentiment of the company and goodwill. Other companies and clients also will start thinking about their orders now hence The stock such as Welspun is a clear avoid as of now.

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  3. nivezastock

    nivezastock New Member

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    Aurobindo Pharma Q1 net up 24% at Rs 585 cr ::

    #Nivezareview :: Among the pharma stocks, Aurobindo Pharma is better. As far as fundamentals are concerned, stock is doing well. Revenue are on progressive side. No USFDA involvement in the company last couple of quarters. Aurobindo Pharma is an investor’s stock, where long term returns are expected. Pharma is expected to be volatile during US elections in November, but long term story is good for the stock.

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  4. nivezastock

    nivezastock New Member

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    DHFL bonds to offer as high as 9.25%

    #Nivezareview ::
    Dewan Housing Finance Corporation Ltd already have a better run with the strong fundamentals. Couple of weeks ago, NCDs have triggered the stock and now again the company is offering bonds as high as 9.25%. First tranche was better expected for the company and again same bull run is expected as the stock has delivered more than 35% returns in last two months.
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    nivezastock New Member

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    DLF Q1 net seen up 19% at Rs 144 cr ::

    #Nivezareview on #DLF #Stock ::
    Stock is marginally over valued at current levels. During last quarter, there was another slow down in the sales for the company which can have impact on the revenues and ultimately the bottom line of the financial statement. Order book is marginally dried here. Company is much concerned about the inflows of the new orders. Long term story could be better but some turn around is needed.

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  6. nivezastock

    nivezastock New Member

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    Power Grid, NTPC seen as safe havens as yields slip :

    Long term investors are highly positive on power sector already. Power Grid is looking much stronger as far as fundamentals are concerned. Topline growth is steady and stable whereas bottom line is progressive as well. Debt is at stable point. For NTPC, topline growth was marginally down due to transmission issues last year but have potential to grow with the sector as well.

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