News from trendlyne

The Baseline    
24 Sep 2017, 07:50PM
Stock reports for the week: September 16 - 24 click to expand

Stock reports for the week of September 16 -24, from Axis Direct, HDFC Securities and more! Analyst pick of the week is Mold-Tek Packaging, which posted good Q1 results despite GST driven destocking, and whose growth plans have analysts excited. 

DateStockTargetUpside
(%)
TypeCMPBrokerChange in
past 6M
2017-09-22Jubilant Life Sciences Limited --%Not Rated665.20HDFC Securities  
2017-09-22Hindustan Unilever Limited (.. 1363.009.96%Buy1239.55HDFC Securities 2x
2017-09-22Dilip Buildcon Limited 690.0019.06%Buy579.55Choice India  
2017-09-22Prataap Snacks Limited IPO --%IPO Avoid-Choice India and 1 other 
2017-09-22Bharat Electronics Limited 214.0018.30%Buy180.90Prabhudas Lilladhar
1x
2017-09-21Sanghi Industries Limited 98.004.09%Buy94.15HDFC Securities  
2017-09-21Tata Steel Limited 818.0024.97%Buy654.55HDFC Securities and 1 other2x
1x
2017-09-21United Breweries Limited --%Sell809.00Motilal Oswal 1x
2017-09-21Suprajit Engineering Limited 326.0017.80%Buy276.75Axis Direct
1x
2017-09-21Vedanta (Sesa Sterlite Limit.. 362.0017.49%Buy308.10Axis Direct 1x
2017-09-21Voltas Limited 500.00-2.75%Hold514.15Axis Direct  
2017-09-20Reliance Industries Limited .. 750.00-8.26%NEUT.817.50Motilal Oswal  
2017-09-20Lupin Limited 1125.0011.00%Buy1013.55Motilal Oswal
2x
2017-09-20SBI Life Insurance Company L.. --%IPO Note-Way2Wealth and 1 other 
2017-09-20KNR Constructions Limited 250.0017.37%ACC.213.00Choice India and 1 other
1x
2017-09-20Whirlpool of India Limited 1560.0024.01%Buy1258.00Nirmal Bang Institutional  
2017-09-19Mahanagar Gas Limited 1360.0025.58%Buy1083.00CD Equisearch 1x
2017-09-19Shankara Building Products Ltd 1575.0011.70%Buy1410.00Edelweiss  
2017-09-18Talwalkars Better Value Fitn.. 346.0023.97%Buy279.10Religare  
2017-09-18S Chand and Company Ltd (SC.. --%ACC.451.40Way2Wealth  
2017-09-18Idea Cellular Limited --%Buy78.20Nirmal Bang  
2017-09-18Divi's Laboratories Limited 720.00-25.70%NEUT.969.00Motilal Oswal
1x
2017-09-18CMI LTD. 251.0030.39%Buy192.50Choice India  
2017-09-18Man Infraconstruction Limited 79.0027.83%Buy61.80Choice India  
2017-09-18Mold-Tek Packaging Limited 315.0013.15%Hold278.40Axis Direct
1x
2017-09-18Astral Poly Technik Limited 791.007.47%Buy736.00Axis Direct 1x
2017-09-18Sadbhav Engineering Limited 336.0016.55%Buy288.30Axis Direct 1x
2017-09-18Time Technoplast Limited 304.0060.00%Buy190.00Ventura  
Trendlyne Marketwatch    
22 Sep 2017

Indian markets slumped today, with Asian markets down overall after North Korea threatened a hydrogen bomb test in the Pacific Ocean, in response to Trump's aggressive speech in the UN where he had said that fresh sanctions were planned against North Korea. Kim Jong Un called Trump mentally unstable and said that the country would respond aggressively. 

Market breadth is sharply down. Of the 1718 stocks traded today, 389 were on the uptick, and 1274 were down.

Riding High:

Largecap and midcap gainers today include IPCA Laboratories Limited (584.90 2.12%), Shriram City Union Finance Limited (2178.95 1.83%) and United Breweries Limited (817.00 1.49%).

Downers:

Largecap and midcap losers today include Reliance Capital Limited (692.15 -3.57%), Jindal Steel & Power Limited (147.20 -3.00%) and Jaiprakash Associates Limited (18.75 -2.85%).

BSE 500: highs, lows and moving averages

1 stock made 52 week highs, while 2 stocks tanked below their 52 week lows.

Stock touching their year highs included - Bombay Dyeing & Mfg Company Limited (219.35 3.05%).

Stocks making new 52 weeks lows included - SML Isuzu Limited (925.20 -0.12%) and YAMINI INVESTMENTS COMPANY LTD. (16.55 0.00%).

3 stocks slipped below their 200 SMA including Entertainment Network (India) Limited (820.00 -2.40%) and Himatsingka Seide Limited (336.35 -1.33%).

 

The Baseline    
21 Sep 2017
Latest movement in the Golden Cross, Death Cross screeners click to expand

The Golden Cross and Death Cross screeners saw some interesting additions in the past few days. A couple of stocks saw a Golden Cross (where the short term price average moves above the long term average, indicating momentum), including cement company Gujarat Sidhee.

On September 20, nine companies saw the Death Cross (which happens when the short term price average falls below the long-term), including Simplex Realty and Alembic Limited. Alembic however, saw its share price recover somewhat on high volumes today. 

Larsen & Toubro(L&T) Limited    
21 Sep 2017
1165.90
-1.60%
L&T may be revising hydrocarbon growth targets, but Credit Suisse bullish click to expand

This week, Larsen & Toubro (L&T's) hydrocarbon division announced landing a pipeline contract worth nearly Rs 1,700 crore from the Kuwait Oil Company for the engineering, procurement and construction of a new crude transit line from North Kuwait to Ahmadi. But the company also said recently that its 2017-18 order target for its hydrocarbon business is under review, after domestic orders have slowed down post implementation of GST. Despite the Kuwait order, Middle East and international orders have overall slowed down. 

L&T already witnessed a slowdown in the first half of this year due to demonetization and GST implementation. It has been hoping that the remaining quarters pick up the slack. The firm said that it is counting on project wins in markets like South Africa, where it is bidding heavily, to make up for the shortfall in the hydrocarbon business. 

Research firm Credit Suisse has however, maintained an overall 'outperform' rating on L&T with an increase in target for its share price to Rs 1425, from Rs 1330 per share. CS estimates that L&T is emerging as a frontrunner for the Mumbai Transharbour Line project. 

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Number of FIIs/FPIs holding stock rose by 30 to 1303 in Jun 2017 qtr.
The Baseline    
20 Sep 2017
Maximum recovery from year lows: TV Today, Lakshmi Machine Works, Divi's Labs click to expand

The maximum recovery screener identifies those stocks that have seen recent, rapid recovery from their year lows (Click on the last column, and you can also see maximum recoveries over the last year).

Among these stocks is recent overperformer Divi's Labs.  The stock is rising after previous observations imposed by the FDA on unit 2 of its Vizag plant were "completed and resolved" by the Authority. This could potentially lead to a lifting of the import alert from its Vizag facility. The import alert had been imposed on the Divis Lab facility in March, and the FDA had issued another warning letter in May. This had limited Divi's exports to the US, and the FDA had also mandated random testing of all products imported from the plant. 

Other stocks that have seen recent sharp recoveries include TV Today Network and Lakshmi Machine Works. Lakshmi Machine Works has been previously written about, as a key stock in superstar shareholder Nemish Shah's portfolio. For the full screener click here

Coal India Limited    
20 Sep 2017
251.00
-1.14%
Coal India (CIL) continues to dive on penalty fears click to expand

Mahanadi Coalfields, a Coal India arm, is staring at a Rs. 22,000 crore penalty in the face after the Supreme Court said that all mineral production carried out in violation of environmental laws is illegal. The Court has ordered the Odisha government to recover the value of all minerals produced illegally, or in excess of caps under environment, forest laws, pollution control rules and mining plans.

Overproduction by Mahanadi Coalfields in Odisha is the cause for the penalty. The share price for CIL has been falling since the news.

Issues of overproduction, pollution and quality of coal have been plaguing Coal India over the last several months. The company's coal on average, contains 45% ash, far in excess of the 25-30% that is ideal for efficiently burning fuel in thermal power stations. CIL has largely failed to invest in coal washing and similar techniques needed for cleaner coal burning. 

The total compensation to be forked out by mining companies including Tata Steel and GMR in Odisha could well go beyond Rs 50,000 crore according to estimates. Tata Steel's chromite mining in Odisha also attracted popular anger, due to the pollution in the region, and Odisha's Sukinda valley was in the past identified as the fourth most polluted place in the world due to contamination of its soil and water from chromite mining. 

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Number of FIIs/FPIs holding stock fell by 70 to 786 in Jun 2017 qtr.