21-Nov-2022
2 mins read
- YESBANK:
Yes Bank Limited provides various banking and financial products and services primarily in India. It operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations segments. The company was incorporated in 2003 and is headquartered in Mumbai, India.
Corporate details:
Face Value: Rs. 2
CMP: Rs.17.10
Market Capitalization: 42,220 crore
Book Value: Rs. 13.50
Ratios:
Capital Adequacy Ratio – 19.6%
Net Interest Margin – 3.4%
Gross NPA – 15.4%
Net NPA – 4%
CASA Ratio 26%
Shareholding Details:
FII Holdings: 11.3%
DII Holdings: 43.9%
Technically, the stock is looking good on charts with short-term target prices of 19 and 21 while support for the stock is around 15 levels. The stock has been in the consolidation zone and is on the verge of breaking out of the range on the daily charts.
TECHNICAL ANALYSIS PARAMETERS:
| TREND | BULLISH |
| SUPPORT | 15 and 14 levels |
| RESISTANCE | 18 and 20 levels |
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- INFY:
Infosys Limited is an Indian multinational information technology company that provides business consulting, information technology, and outsourcing services. The company was founded in Pune and is headquartered in Bangalore. Infosys is the second-largest Indian IT company after Tata Consultancy Services by 2020 revenue figures and the 602nd largest public company in the world, according to the Forbes Global 2000 ranking.
Corporate details:
Face Value: Rs. 5
CMP: Rs. 1593
Market Capitalization: 6,70,495 crore
Book Value: Rs. 190
Shareholding Details:
FII Holdings: 31.72%
DII Holdings: 18.88%
Revenue Breakup:
Financial Services segment contributes 32% of the revenue
Retail segment contributes 15% of the revenue
Communication, Telecom and Media segment contributes 13% of the revenue
Manufacturing segment contributes 11% of the revenue
Along with the other IT stocks, this counter has also given good momentum from the lower levels and is showing some strength even on the higher side. Technically, the counter is looking good on charts with both price and volume action trending higher from the past few trading sessions. The stock has given breakout above 1500 levels and is expected to test 1650 levels while support is placed at 1500 and 1450 levels.
TECHNICAL ANALYSIS PARAMETERS:
| TREND | NEUTRAL |
| SUPPORT | 1500 and 1450 levels |
| RESISTANCE | 1650 and 1740 levels |
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- IOC:
Indian Oil Corporation Ltd is a Maharatna Company controlled by GOI. that has business interests straddling the entire hydrocarbon value chain – from Refining, Pipeline transportation and marketing of Petroleum products to R&D, Exploration & production, marketing of natural gas and petrochemicals. It has the leadership position in the Oil refining & petroleum marketing sector of India
Corporate details:
Face Value: Rs. 10
CMP: Rs. 69.2
Market Capitalization: 91,790 crore
Book Value: Rs. 90.2
Revenue Breakup:
High-speed diesel (HSD) – 47%
Motor spirit – 22%
Liquefied petroleum gas -3%
Aviation turbine fuel – 3%
Superior Kerosene Oil – 1%
Shareholding Details:
FII Holdings: 7.2%
DII Holdings: 11%
Technically, the stock is in the consolidation zone after the recent correction and is trading with sideways bias on the daily charts. The stock is witnessing good price and volume action with good accumulation on the lower range of the counter. The support for the stock is placed around 65 and 62 while resistance is pegged around 73 and 78 levels.
TECHNICAL ANALYSIS PARAMETERS:
| TREND | BULLISH |
| SUPPORT | 65 and 62 levels |
| RESISTANCE | 73 and 78 levels |
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- SBIN:
State Bank of India Is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. SBI is the 43rd largest bank in the world and ranked 221st in the Fortune Global 500 list of the world’s biggest corporations of 2020, being the only Indian bank on the list. It is a public sector bank and the largest bank in India with a 23% market share by assets and a 25% share of the total loan and deposits market.
Corporate details:
Face Value: Rs. 1
CMP: Rs. 603
Market Capitalization: 5,37,886 crore
Book Value: Rs. 342.
Ratios:
Capital Adequacy Ratio – 14.50%
Net Interest Margin – 3.34%
Gross NPA – 4.77%
Net NPA – 1.23%
CASA Ratio – 45.15%
Shareholding Details:
FII Holdings: 10%
DII Holdings: 24%
Technically, the stock has formed good base around 520-540 levels on the daily charts and has given good consolidation breakout. The stock has shown bullish momentum in the past few weeks and is now trading around resistance levels. The counter is looking bullish on the charts and further price breakout above 630 levels may trigger further momentum towards 680 levels. The support for the counter is around 540 and 500 levels.
TECHNICAL ANALYSIS PARAMETERS:
| TREND | NEUTRAL |
| SUPPORT | 540 and 500 levels |
| RESISTANCE | 655 and 690 levels |
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- VEDL:
Vedanta Ltd is a diversified natural resource group engaged in exploring, extracting and processing minerals and oil & gas. The group engages in the exploration, production and sale of zinc, lead, silver, copper, aluminium, iron ore and oil & gas. It has presence across India, South Africa, Namibia, Ireland, Liberia & UAE.
Corporate details:
Face Value: Rs. 1
CMP: Rs. 310
Market Capitalization: 1,15,382 crore
Book Value: Rs. 136
Revenue Mix:
Zinc, Lead & Silver – 25%
Oil & Gas- 9%
Aluminium – 39%
Power – 4%
Iron Ore – 5%
Copper – 12%
Shareholding Details:
FII Holdings: 8%
DII Holdings: 10%
Technically, the stock has gathered price momentum from past few days with major momentum in the Metal space lead by rise in international commodity prices. The stock is looking bullish on the charts with next major resistance around 360 followed by 420 levels. On the flip side, 280 and 255 are the major support zones.
TECHNICAL ANALYSIS PARAMETERS:
| TREND | SIDEWAYS |
| SUPPORT | 280 and 255 levels |
| RESISTANCE | 360 and 420 levels |
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- HDFCBANK:
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. Currently, HDFC Bank Ltd. is the largest private sector bank in India.
Corporate details:
Face Value: Rs. 1
CMP: Rs. 1614
Market Capitalization: 8,99,684 crore
Book Value: Rs. 446
Key Ratios:
Capital Adequacy Ratio – 18.9%
Net Interest Margin – 4.2%
Gross NPA – 1.17%
Net NPA – 0.32%
CASA Ratio – 46.1%
Cost to Income ratio – 38.3%
Shareholding Details:
FII Holdings: 32%
DII Holdings: 27%
Technically, the stock is looking extremely strong on the charts and is the major contributor in the rise in the banking index from past few sessions. The counter is looking to surge further higher towards 1700 plus levels in the near term as per the recent price volume action. On the levels front, 1540 and 1480 are the supports and 1680 and 1740 are the resistance levels.
TECHNICAL ANALYSIS PARAMETERS:
| TREND | SIDEWAYS |
| SUPPORT | 1540 and 1480 levels |
| RESISTANCE | 1680 and 1740 levels |
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- TCS:
Tata Consultancy Services is the flagship company and a part of Tata group. It is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions.
Corporate details:
Face Value: Rs. 1
CMP: Rs.3343
Market Capitalization: 12,23,386 crores
Book Value: Rs. 266
Revenue Mix:
Banking, finance services & insurance – 39%
Retail & consumer business – 17%
Communication, Media & technology – 16%
Manufacturing – 11%
Other platforms – 17%
Shareholding Details:
FII Holdings: 13%
DII Holdings: 24%
Technically, the stock is consolidating around the accumulation levels of 3250 and 3300 levels on the daily charts. The price volume has been good in the past few weeks with trend in the bullish zone above the major short- and medium-term moving averages. The stock is having major support around 3250 levels and 3500 s the resistance levels.
TECHNICAL ANALYSIS PARAMETERS:
| TREND | SIDEWAYS |
| SUPPORT | 3250 and 3175 levels |
| RESISTANCE | 3500 and 3650 levels |
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- PNB:
PSU banks have been major outperformers in the last couple of weeks on Dalal Street. Punjab National Bank is India’s first Swadeshi Bank. PNB is a Banking and Financial service bank owned by the Government of India with its headquarters in New Delhi, India. It is the Third largest PSU after IOB in India.
Corporate details:
Face Value: Rs. 2
CMP: Rs.45.80
Market Capitalization: 50,486 crore
Book Value: Rs. 88.6.
Ratios:
Capital Adequacy Ratio – 13.88%
Net Interest Margin – 3.09%
Gross NPA – 12.99%
Net NPA – 4.03%
CASA Ratio – 44.66%
Shareholding Details:
FII Holdings: 1%
DII Holdings: 11%
Technically, the stock is looking bullish on the charts and is trading above the major moving averages. The stock shows price volume action along with the sector outperformance and has decisively given a breakout above 42 levels on the daily charts. The stock is having next resistance around 50 and 55 levels while support is placed at 42 and 40 levels.
TECHNICAL ANALYSIS PARAMETERS:
| TREND | BULLISH |
| SUPPORT | 42 and 40 levels |
| RESISTANCE | 50 and 55 levels |
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- HINDUNILVR:
Hindustan Unilever is in the FMCG business comprising primarily of Home Care, Beauty & Personal Care and Foods & Refreshment segments. The Company has manufacturing facilities across the country and sells primarily in India.
Corporate details:
Face Value: Rs. 1
CMP: Rs. 2484
Market Capitalization: 5,83,568 crore
Book Value: Rs. 211
Revenue Mix:
Beauty & Personal Care Segment – 42%
Home Care Segment – 29%
Foods & Refreshments Segment – 29%
Shareholding Details:
FII Holdings: 14%
DII Holdings: 8%
Technically, the counter is consolidating after giving a decisive profit booking from the higher levels of 2700 towards the 50-DMA of 2450 levels. The stock is looking bullish on long term charts with key supports placed at 2380 and 2290 levels while on the flip side the next resistance is around 2620 and 2700 levels.
TECHNICAL ANALYSIS PARAMETERS:
| TREND | BULLISH |
| SUPPORT | 2380 and 2290 levels |
| RESISTANCE | 2620 and 2700 levels |
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- ADANIPOWER:
Adani Power is a part of the diversified Adani Group, is the largest private thermal power producer in India. The co along with its subsidiaries sell power generated from these projects under a combination of long-term Power Purchase Agreements, Short term PPA and on merchant basis.
Corporate details:
Face Value: Rs. 10
CMP: Rs. 336
Market Capitalization: 1,29,786 crores
Book Value: Rs. 62.8
Shareholding Details:
FII Holdings: 13%
DII Holdings: 13%
Revenue Breakup:
Financial Services segment contributes 32% of the revenue
Retail segment contributes 15% of the revenue
Communication, Telecom and Media segment contributes 13% of the revenue
Manufacturing segment contributes 11% of the revenue
Technically, the counter is having no signs of respite from the consolidation zone around the higher levels of 350 levels and is looking sideways on the daily charts. The stock is near the cluster of the major moving averages on the charts and may witness selling pressure on rise in the short-term time frame. The support from the current levels is placed at 310 and 280 while resistance is around 30 and 390 levels on the higher side.
TECHNICAL ANALYSIS PARAMETERS:
| TREND | BEARISH |
| SUPPORT | 310 and 280 levels |
| RESISTANCE | 360 and 390 levels |
