News from trendlyne

The Baseline    
16 Oct 2018, 10:42AM
India's growth puts it at the top in the world, but risks in debt and job growth

India is the fastest growing large economy today, surpassing the usual bulldozers, including China. The country's challenges, that have been a drag recently for its stock markets, are side effects of this growth, such as its hunger for oil at a time of rising global crude prices (although prices have fallen somewhat in the past week).

The country imports more than 80% of its oil requirements, and as the rupee fell among trade and deficit concerns, it has become abundantly clear that to sustain growth, India will need to grow stronger in managing its trade deficits and its current account debts. India's debt/gdp is over 68%, certainly not the worst in the world and below many advanced and emerging markets. China's debt is 247% of GDP, much higher and driven in large amount by private debt, presenting a challenge for the country as it battles rising trade tariffs from the US, and imposing counter-tariffs that could drive up costs. Nonetheless, a rising oil bill can raise government debt pretty quickly, and raise up inflation for Indian customers, forcing them to borrow more. 

But the big, emerging challenge for India is in job growth, as it faces a challenge most large economies are already past - an extremely young population impatient for opportunity, and this has been linked by economists to rising religious and political tensions in the most populated states such as Uttar Pradesh. Unless successive governments decisively kickstart this in these states, particularly across the north, where joblessness has been an endemic problem, India will continue to face an extremely restless populace making contradictory demands on its governments, from reservations, to religious favoritism, to disproportionate giveaways. Farmer distress and recent tensions around job quotas have already been warning signs for a fast growing economy, that GDP growth rates are not enough. 

Image: Tradineconomics

 

Trendlyne Marketwatch    
16 Oct 2018, 09:45AM
Opening bell: Markets gain in morning trade, Delta Corp and Zee Media rise on September results

Markets rise on early trading, up by 0.63%. ICICI Bank has gained sharply after the RBI approved Sandeep Bakshi's appointment. Casino company Delta Corp and Zee Media both rose today on high volumes after the release of September quarter results.

Market breadth is highly positive. Of the 480 stocks traded today, 318 were on the uptrend, and 118 went down.

Riding High:

Largecap and midcap gainers today include Indiabulls Ventures Ltd. (455.90 5.00%), Central Bank of India (31.25 4.17%) and Whirlpool of India Ltd. (1505.00 3.51%).

Downers:

Largecap and midcap losers today include HCL Technologies Ltd. (992.35 -0.94%), Hindalco Industries Ltd. (230.40 -0.90%) and Bharti Infratel Ltd. (266.65 -0.71%).

BSE 500: highs, lows and moving averages

3 stocks tanked below their 52 week lows.

Stocks making new 52 weeks lows included - 8K Miles Software Services Ltd. (117.90 -5.00%) and Greenply Industries Ltd. (136.80 -0.87%).

6 stocks climbed above their 200 day SMA including Indiabulls Ventures Ltd. (455.90 5.00%) and Ipca Laboratories Ltd. (687.30 2.58%). 2 stocks slipped below their 200 SMA including Jyothy Laboratories Ltd. (197.80 0.36%) and Sheela Foam Ltd. (1583.95 0.56%).

Rakesh Jhunjhunwala    
15 Oct 2018, 08:43PM
Surprise Pick: Rakesh Jhunjhunwala buys more shares in Dewan Housing, Dolly Khanna ups stake in Ruchira Papers

Superstar investor Rakesh Jhunjhunwala has bucked the market to add Dewan Housing Finance Corporation (DHFL) to his portfolio, adding 0.43% to bring his total stake in the company to 3.19%, worth approximately Rs. 281.9 crore. DHFL has lost over 50% of its share price value in just the last month, as worries of its financial health and loan portfolio grew. 

Investor Dolly Khanna has upped her portfolio stake in Ruchira Papers, raising it by 0.08% to 1.59%. She also sold 0.08% of 
Manappuram Finance Ltd. ( her portfolio now holds 1.07% in the company). 

Trendlyne Marketwatch    
15 Oct 2018, 03:45PM

Markets ended the day higher after a volatile open, and breadth is neutral to positive. Of the 1223 stocks traded today, 614 were on the uptick, and 491 were down. Tech and pharma retained gains in an uncertain market, as investors put bets on contra stocks.

Riding High:

Largecap and midcap gainers today include MphasiS Ltd. (1088.55 8.54%), Adani Power Ltd. (35.00 7.20%) and General Insurance Corporation of India (316.90 5.67%).

Downers:

Largecap and midcap losers today include Avenue Supermarts Ltd. (1323.90 -6.43%), Rajesh Exports Ltd. (567.45 -6.35%) and Whirlpool of India Ltd. (1449.35 -3.38%).

Volume Rockets

14 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Trident Ltd. (69.35 20.09%), TV18 Broadcast Ltd. (40.10 13.76%) and Venky's (India) Ltd. (2570.00 12.72%).

Top high volume losers on BSE were Avenue Supermarts Ltd. (1323.90 -6.43%), Phoenix Mills Ltd. (526.85 -0.83%) and EIH Ltd. (149.95 -0.03%).

Sheela Foam Ltd. (1595.00 1.26%) was trading at 9.2 times of weekly average. Jagran Prakashan Ltd. (111.20 2.44%) and Network 18 Media & Investments Ltd. (45.60 4.35%) were trading with volumes 6.0 and 5.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

3 stocks were underachievers and hit their 52 week lows.

Stocks making new 52 weeks lows included - JK Lakshmi Cement Ltd. (267.40 -1.33%) and South Indian Bank Ltd. (12.55 -1.18%).

13 stocks climbed above their 200 day SMA including Trident Ltd. (69.35 20.09%) and DCM Shriram Ltd. (418.00 11.47%). 8 stocks slipped below their 200 SMA including Avenue Supermarts Ltd. (1323.90 -6.43%) and Jyothy Laboratories Ltd. (196.65 -3.89%).

IndusInd Bank Ltd.    
15 Oct 2018, 02:39PM
1646.50
0.95%
Indusind Bank falls after results announcement, Avenue Supermarts, TV18 announce results

Indusind Bank (which is in nine stock screeners today) fell today in share price after its September quarter results announcement, after net profits missed analyst consensus estimates. The bank announced net profit up 4.6 percent at Rs 920.2 crore as opposed to estimates at Rs 1,083 crore. The results for Avenue Supermarts and TV18 also came out today, and the supermart chain was down in share price after the company reported a 19% YoY growth in net profit but a one point decline in operating margin growth. For the full results dashboard click here

IndusInd Bank Ltd. has an average target of 2142.13 from 19 brokers.
Dolly Khanna    
13 Oct 2018
Dolly Khanna raises stake in Selan Exploration; Porinju Veliyath, Mohnish Pabrai make portfolio changes

Superstar investor Dolly Khanna has bought 0.74% of Selan Exploration Technology Ltd. in the September quarter, raising her total portfolio stake in the company to 2.22%. The oil exploration company recently caught Khanna's eye in June 2018. Investor Porinju Veliyath has also made changes to his portfolio, and his stake is above 1% now in Talwalkars Better Value Fitness Ltd. (the total stands at 1.10%).

Mohnish Pabrai's latest change is in Repco Home Finance Ltd. - he bought bought 0.31% in the September quarter, and now holds 6.26% of the company .

YES Bank Ltd.    
12 Oct 2018
247.35
0.41%
Stock Screener: Companies which have seen broker downgrades in share price or reco in the past month

Brokerages have been taking a closer look at their stock recommendations as markets go through current turmoil, and this stock screener identifies stocks that have seen downgrades in share price or recommendation, in the past one month. Topping the list are Yes Bank Ltd and Bharat Electronics,  both of which saw downgrades from multiple analysts. In all, 45 stocks meet this criteria. 

YES Bank Ltd. has lost -20.75% in the last 6 Months