07-Oct-2022
2 mins read
- ADANIPORTS:
Adani Ports & Special Economic Zone is in the business of development, operations, and maintenance of port infrastructure (port services and related infrastructure development) and has linked multi-product Special Economic Zone (SEZ) and related infrastructure contiguous to Port at Mundra.
ADANI PORTS have been in the bullish momentum for the past many months and have given handsome returns to long-term investors. The stock has gained from 660 odd levels to 980 levels in a short time frame of four months. Thereafter the stock has witnessed profit booking and is currently hovering around the major moving averages. The stock looks overall bullish for the medium term but in the short term, some volatility is likely to increase as per the recent price action.
Corporate details:
Face Value: Rs. 2
CMP: Rs.826
Market Capitalization: 1,74,482 crore
Book Value: Rs. 180
Ratios:
Current Ratio – 1.29
Interest Coverage Ratio – 1.25
Asset Turnover Ratio – 0.06
Debt to Equity Ratio – 1.68
Shareholding Details:
FII Holdings: 14.2%
DII Holdings: 15%
TECHNICAL ANALYSIS PARAMETERS:
| TREND | BULLISH |
| SUPPORT | 740 and 660 levels |
| RESISTANCE | 880 and 980 levels |
2. INDUSINDBK:
IndusInd Bank Limited was incorporated in 1994 as a commercial bank under the Banking Regulation Act, of 1949. The Bank is publicly held and provides a wide range of banking products and financial services to corporate and retail clients besides undertaking treasury operations. The Bank operates in India including at International Financial Service Centres.
INDUSINDBK is looking strong on the daily and weekly charts and is trading well above the major moving averages. The Bollinger band (20,2) is also showing bullish signals in the weekly charts indicating northward momentum is likely to continue in the near term. The stock is also one of the outperformers in its benchmarking index and may continue to outperform in the near-term period.
Corporate details:
Face Value: Rs. 10
CMP: Rs.1207
Market Capitalization: 93,603 crore
Book Value: Rs. 616
Ratios:
CASA Ratio – 42.79%
Net Interest Margin – 3.97%
Gross NPA – 2.27%
EPS – 59.52
Shareholding Details:
FII Holdings:46%
DII Holdings: 22%
TECHNICAL ANALYSIS PARAMETERS:
| TREND | BULLISH |
| SUPPORT | 1050 and 970 levels |
| RESISTANCE | 1290 and 1450 levels |
3. LT:
Larsen & Toubro Ltd is a multinational conglomerate that is primarily engaged in providing engineering, procurement, and construction (EPC) solutions in key sectors such as Infrastructure, Hydrocarbon, Power, Process Industries and Defence, Information Technology, and Financial Services in domestic and international markets.
LT has been one of the outperformers in the infrastructure space and is looking strong on the daily charts. The stock has shown a sharp up move in the near term where the stock price has gained from 1500-odd levels to around 2000-odd levels. The stock is looking good on the daily charts at the current levels and is all set to move again toward the recent swing highs in the coming medium-term time frame.
Corporate details:
Face Value: Rs. 2
CMP: Rs.1908
Market Capitalization: 2,68,164 crore
Book Value: Rs. 587
Ratios:
Current Ratio – 1.39%
Interest Coverage Ratio – 5.66%
Asset Turnover Ratio – 0.60%
Debt Equity ratio – 0.30
Shareholding Details:
FII Holdings: 21%
DII Holdings: 35%
TECHNICAL ANALYSIS PARAMETERS:
| TREND | BULLISH |
| SUPPORT | 1720 and 1640 levels |
| RESISTANCE | 1950 and 2050 levels |
4. EICHERMOT:
Eicher Motors Limited, incorporated in 1982, is the listed company of the Eicher Group in India and a leading player in the Indian automobile industry and the global leader in middleweight motorcycles. Eicher has a joint venture with Sweden’s AB Volvo to create Volvo Eicher Commercial Vehicles Limited (VECV). VECV is engaged in truck and bus operations, auto components business, and technical consulting services business.
EICHERMOT has tested fresh all-time highs in the current month and is also trading just below the same levels. The stock has given massive returns in the current calendar year and is trading in line with the outperformance of the auto sector. The overall price structure of the stock looks bullish both on the weekly and the daily charts and is expected to trade with a bullish bias in the coming months as well. The stock is trading well above the major averages and any corrections are expected to be bought in by the market participants.
Corporate details:
Face Value: Rs. 1
CMP: Rs.3560
Market Capitalization: 97,352 crore
Book Value: Rs. 461
Ratios:
Current Ratio – 1.91%
Asset Turnover Ratio – 0.71%
Operating Margin – 25.37%
Net Profit Margin – 15.67%
Shareholding Details:
FII Holdings: 29%
DII Holdings: 10%
TECHNICAL ANALYSIS PARAMETERS:
| TREND | BULLISH |
| SUPPORT | 3220 and 3100 levels |
| RESISTANCE | 3820 and 3950 levels |
5. HDFCBANK:
The Housing Development Finance Corporation Limited (HDFC) was amongst the first to receive ‘in-principle approval from the Reserve Bank of India (RBI) to set up a bank in the private sector. HDFC Bank is a publicly held banking company, the bank was incorporated in August 1994 in the name of ‘HDFC Bank Limited, with its registered office in Mumbai, India. It is engaged in providing a range of banking and financial services including retail banking, wholesale banking, and treasury operations.
HDFCBANK has been trading in the broad range of 1250 and 1550 levels for the past few months and is looking sideways on the daily charts. The stock is looking good on the weekly charts and is going into a good consolidation zone at the current juncture. The stock is expected to consolidate and move higher in the coming weeks as per the current price volume action.
Corporate details:
Face Value: Rs. 1
CMP: Rs.1454
Market Capitalization: 8,09,928 crore
Book Value: Rs. 446
Ratios:
CASA Ratio – 48.17%
Net Interest Margin – 3.64%
Gross NPA – 1.17%
EPS – 66.65
Shareholding Details:
FII Holdings:32%
DII Holdings: 19%
TECHNICAL ANALYSIS PARAMETERS:
| TREND | BULLISH |
| SUPPORT | 1350 and 1250 levels |
| RESISTANCE | 1550 and 1720 levels |
6. TATASTEEL:
Tata Steel Ltd is Asia’s first integrated private steel company set up in 1907. The company has a presence across the entire value chain of steel manufacturing from mining and processing iron ore and coal to producing and distributing finished products. The company has a target to increase domestic steelmaking capacity to 30 MnTPA by 2025.
TATASTEEL has been trading with a negative bias for the past few weeks amid global volatility in steel prices. The stock price is looking bearish to sideways in the short-term time frame. On the weekly charts, the stock looks good for accumulation from a medium to long-term investment perspective. The counter is expected to remain in consolidation mode in the near term while any recovery in the investor sentiment in the broader markets may trigger positivity in the stock.
Corporate details:
Face Value: Rs. 1
CMP: Rs. 103
Market Capitalization: 1,26,344 crore
Book Value: Rs. 93.70
Ratios:
Current Ratio – 0.58
Interest Coverage Ratio – 16.79
Asset Turnover Ratio – 0.58
Debt to Equity Ratio – 0.26
Shareholding Details:
FII Holdings: 23%
DII Holdings: 19%
TECHNICAL ANALYSIS PARAMETERS:
| TREND | BULLISH |
| SUPPORT | 82 and 75 levels |
| RESISTANCE | 112 and 130 levels |
7. WIPRO:
Wipro Ltd is global Information technology, consulting, and business process services (BPS) company. It is the 4th largest Indian player in the global IT services industry behind TCS, Infosys, and HCL Technologies.
WIPRO has been under pressure for the past few weeks and is underperforming the broader markets by a huge margin. The overall IT sector has been under pressure for the past few months and the same impact was seen in this counter as well. The stock is trading below the major moving averages on the weekly charts and is expected to consolidate sideways in the near-term period.
Corporate details:
Face Value: Rs. 2
CMP: Rs.410
Market Capitalization: 2,25,181 crore
Book Value: Rs. 119
Ratios:
Current Ratio – 2.23%
Operating Margin – 28.73%
Net Profit Margin – 20.37%
P/E – 26.74
Shareholding Details:
FII Holdings: 9%
DII Holdings: 3%
TECHNICAL ANALYSIS PARAMETERS:
| TREND | NEUTRAL |
| SUPPORT | 390 and 365 levels |
| RESISTANCE | 445 and 490 levels |
8. AXISBANK:
Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture, and Retail Businesses.
AXISBANK has been trading with a bullish bias for the past few weeks. The stock price is currently in consolidation mode in the range of 600 and 850 levels. The counter is trading well above the major moving averages and the overall chart structure looks positive from a medium to long-term perspective. Any major corrections may be a good opportunity for long-term investors to accumulate the stock.
Corporate details:
Face Value: Rs. 2
CMP: Rs.759
Market Capitalization: 2,33,257 crore
Book Value: Rs. 385
Ratios:
CASA Ratio – 45%
Net Interest Margin – 3.03%
Gross NPA – 2.82%
EPS – 42.43
Shareholding Details:
FII Holdings:51%
DII Holdings: 26%
TECHNICAL ANALYSIS PARAMETERS:
| TREND | BULLISH |
| SUPPORT | 690 and 620 levels |
| RESISTANCE | 780 and 830 levels |
9. ITC:
ITC is the largest cigarette manufacturer and seller in the country. ITC operates in five business segments at present — FMCG Cigarettes, FMCG Others, Hotels, Paperboards, Paper and Packaging, and Agri-Business.
ITC is trading well above the major moving averages and the overall chart structure looks positive from a medium to long-term perspective. The counter is looking bullish and is trading near its all-time levels and is looking extremely positive for medium to long-term investment. The technical indicators are showing bullish signals and any major correction in the stock should be utilized as an accumulation opportunity for a long-term investment perspective.
Corporate details:
Face Value: Rs. 1
CMP: Rs.336
Market Capitalization: 4,16,984 crore
Book Value: Rs. 50.7
Ratios:
Current Ratio – 2.70%
Asset Turnover Ratio – 0.77%
Operating Margin – 38.24%
Net Profit Margin – 26.73%
Shareholding Details:
FII Holdings: 13%
DII Holdings: 31%
TECHNICAL ANALYSIS PARAMETERS:
| TREND | BULLISH |
| SUPPORT | 300 and 270 levels |
| RESISTANCE | 360 and 390 levels |
10. BAJAJFINSV:
Bajaj Finserv Ltd. is the holding company for the various financial services businesses under the Bajaj group. It serves millions of customers by providing solutions for asset acquisition through financing, asset protection through general insurance, family and income protection in the form of life and health insurance, and retirement and savings solutions.
BAJAJFINSV is one of the major outperforming stocks in the financial space. The counter is looking strong on the daily charts and is trading well above the major moving averages. The stock is showing good price volume action in recent days and is on the verge of giving further price momentum in the near-term period. Historically, any correction in the stock is bought in by the market participants leading the stock price to make higher highs and higher lows on the weekly charts.
Corporate details:
Face Value: Rs. 1
CMP: Rs.1703
Market Capitalization: 2,71,328 crore
Book Value: Rs. 253
Ratios:
Current Ratio – 3.18%
Asset Turnover Ratio – 0.14%
Net Profit Margin – 68%
Return on Assets – 9.56%
Shareholding Details:
FII Holdings: 7%
DII Holdings: 6%
TECHNICAL ANALYSIS PARAMETERS:
| TREND | BULLISH |
| SUPPORT | 1580 and 1500 levels |
| RESISTANCE | 1790 and 1850 levels |
11. ICICIBANK:
ICICI Bank is a large private sector bank in India offering a diversified portfolio of financial products and services to retail, SME, and corporate customers. The Bank has an extensive network of branches, ATMs, and other touch-points.
ICICIBANK is one of the index heavyweights of the banking index. The stock is one of the major outperformers of banking as well as the benchmark index Nifty. The counter is trading well above the major moving averages and is looking very strong on both short- and medium-term charts. Historically, any dips in the stock price are bought in by the market participants along with good price volume action.
Corporate details:
Face Value: Rs. 2
CMP: Rs.889
Market Capitalization: 6,19,653 crore
Book Value: Rs. 262
Ratios:
CASA Ratio – 48.70%
Net Interest Margin – 3.55%
Gross NPA – 3.76%
EPS – 33.59
Shareholding Details:
FII Holdings:43%
DII Holdings: 42%
TECHNICAL ANALYSIS PARAMETERS:
| TREND | BULLISH |
| SUPPORT | 820 and 780 levels |
| RESISTANCE | 920 and 990 levels |
