Trading Strategy share price target

Sell PTC India Ltd between CMP at Rs. 59.75 & Rs.66 for the traget of Rs. 50 to Rs. 45. Stoploss at Rs. 67

Short TCS between at Rs. 2259 and Rs. 2320 for the Target of Rs. 2133 to Rs. 2000. Stoploss at Rs. 2385

The banking sector witnessed a sharp decline in the last couple of weeks, as it continued to form lower lows for the last ten session except one session of minor upmove

The Dow Jones Industrial Average as per smaller timeframe has been in a sharp down trend over the last couple of week, as the index witnessed steep fall

This weeks action is forming some sort of bullish reversal candle

PC Universe sales grew 2% yoy vs. estimated growth of 1% PAT fell 7% yoy vs. estimated growth of 2% Earnings breadth was also disappointing with 41% of our companies seeing a fall...

We are bullish on Gold

Chambal Fertilisers (CHMB) 1QFY16 results were ahead of our estimates led by robust performance in fertilisers and shipping divisions. Higher volumes (urea 11% YoY, complex 31%) resulted in revenues of Rs 24.4bn ( 22% YoY). Margins were slightly lower owing to higher trading and consequently EBITDA grew by 18% to Rs 2.1bn. Higher other income (dividend from JV) and lower interest cost (lower farm receivables) boosted APAT to Rs 1.5bn ( 81%).

UPLs 1QFY16 revenues were Rs 30.6bn ( 11% YoY) led by volume growth. EBITDA margin expanded to 19.2% ( 21 bps) led by lower operating expenses. Consequently, EBITDA came in at Rs 5.9bn ( 12%). Adjusted PAT was Rs 2.9bn ( 14%).

BPCL reported an EBITDA of Rs 11.7bn (vs loss of Rs 9.2bn YoY). Results are not comparable due to (1) no net under-recovery [vs Rs 34bn] (2) higher inventory loss of Rs 16.6bn [vs. gain of Rs 6.3bn] (3) forex losses of Rs 1.5bn [vs. gain of Rs 3bn]. GRM stood at USD 1.5/bbl (-13% YoY) led by inventory losses due to the sharp fall in crude prices. PAT came in at Rs 5.5bn.