Article

Biguler’s Preferred Stocks!

date 22  September,  2022
time 7 mins read
  1. YESBANK:

Yes Bank has been in the limelight on the street after the recent run-up in the stock in line with the other banking stocks and also due to improving business outlook. The bank has managed to raise good funds and some NPAs are given to the ARC as well.

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. The company was incorporated in 2003 and is headquartered in Mumbai, India.

Corporate details:

 

Face Value: Rs. 2

CMP: Rs.16.85

Market Capitalization: 40,589 crore

Book Value: Rs. 13.50

 

Ratios:


Capital Adequacy Ratio – 19.6%

Net Interest Margin – 3.4%

Gross NPA – 15.4%

Net NPA – 4%

 

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 23 while support for the stock is around 13 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 11 and 13 levels
RESISTANCE 18 and 23 levels

 

  1. RPOWER:

Reliance Power has been established to develop, construct and operate power projects both in India as well as internationally. The Company on its own and through its subsidiaries has a large portfolio of power generation capacity, both in operation as well as capacity under development.

 

The company’s generation capacity stands at 5,945 MW, including 5,760 MW of thermal capacity and 185 MW of renewable energy-based capacity.

 

 

 

Corporate details:

 

Face Value: Rs. 10

CMP: Rs.17.15

Market Capitalization: 7208 crore

Book Value: Rs. 36

 

Shareholding Details:

 

FII Holdings: 7.7%

DII Holdings: 3.5%

 

Along with the other power stocks, this counter has also given good momentum from the lower levels and has fizzled out some gains on the higher side. Technically, the counter is looking good on charts with both price and the volume action trending higher from the past few trading sessions. The stock has given a breakout above 18 levels and is expected to test 25-28 levels while support is placed at 18 and 16 levels.

 

TECHNICAL ANALYSIS PARAMETERS:

TREND NEUTRAL
SUPPORT 15 and 17 levels
RESISTANCE 23 and 26 levels

 

  1. RELIANCE:

Reliance was founded by Dhirubhai Ambani and is now promoted and managed by his elder son, Mukesh Dhirubhai Ambani. Reliance Industries Limited is a Fortune 500 company and the largest private sector corporation in India. It has evolved from being a textiles and polyester company to an integrated player across energy, materials, retail, entertainment, and digital services. Reliance’s products and services portfolio touches almost all Indians daily, across economic and social spectrums.

 

The company holds a 67% stake in Jio Platforms while the rest was sold by Reliance to major multinational corporates such as Meta (Facebook), Google, KKR, Vista Equity, and others.

 

Corporate details:

 

Face Value: Rs. 10

CMP: Rs.2482.65

Market Capitalization: 17,11,942 crore

Book Value: Rs. 1152

 

Revenue Breakup:

 

The oil & Chemical Business segment contributes 57% of the revenue

The retail segment contributes 23% of the revenue

The Digital Services segment contributes 11% of the revenue

 

 

Shareholding Details:

 

FII Holdings: 23.90%

DII Holdings: 14.67%

 

Technically, the stock is in the consolidation zone and is trading with a bullish 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 2350-2380 while resistance is pegged around 2680-2750levels.

TECHNICAL ANALYSIS PARAMETERS:

TREND BULLISH
SUPPORT 2350 and 2380 levels
RESISTANCE 2680 and 2750 levels

 

  1. TATAMOTORS:

Tata Motors Group is a leading global automobile manufacturer. Part of the illustrious multi-national conglomerate, the Tata group, it offers a wide and diverse portfolio of cars, sports utility vehicles, trucks, buses, and defense vehicles to the world.  It has operations in India, the UK, South Korea, South Africa, China, Brazil, Austria, and Slovakia through a strong global network of subsidiaries, associate companies, and Joint Ventures.

 

Tata Motors Ltd bought British iconic brands Jaguar & Land Rover from Ford in 2008 and merged them in 2013 to form one unified company. The company is aimed at addressing the fundamental challenges that will ensure JLR’s sustainable and successful future.

 

Corporate details:

 

Face Value: Rs. 2

CMP: Rs.427.30

Market Capitalization: 1,65,051 crore

Book Value: Rs. 143

 

Shareholding Details:

 

FII Holdings: 13.70%

DII Holdings: 15.10%

 

Technically, the stock has formed a good base around 400-420 levels on the daily charts and has given a good consolidation breakout. The stock has shown some weakness in the past week and is now trading near support levels The counter is looking neutral on the charts and further price breakouts above 470 levels may trigger further momentum towards 510 levels. The support for the counter is around 410 and 400 levels.

TECHNICAL ANALYSIS PARAMETERS:

TREND NEUTRAL
SUPPORT 400 and 410 levels
RESISTANCE 470 and 510 levels

 

 

  1. 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.40.10

Market Capitalization: 38,814 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: 0.99%

DII Holdings: 11.45%

 

Technically, the stock has gathered price momentum over the past couple of months with major momentum in the PSU Banking space led by other public sector peers. The stock is looking bullish on the charts with the next major resistance around 38 followed by 43 levels. On the flip side, 32 and 30 are the major support zones.

TECHNICAL ANALYSIS PARAMETERS:

TREND SIDEWAYS
SUPPORT 30 and 32 levels
RESISTANCE 38 and 43 levels

 

  1. LICI:

Life Insurance Corporation (LIC) is the largest insurance provider company in India. It has a market share of above 66.2% in new business premiums. The company offers participating insurance products and non-participating products like unit-linked insurance products, saving insurance products, term insurance products, health insurance, and annuity & pension products.

 

LIC is owned by the Government of India and is India’s largest life insurance company with a history of over 65 years and a 61.6% market share in terms of premiums, 61.4% in New Business Premium, 71.8% in several individual policies issued, 88.8% in several group policies issued for 9MFY2022.

 

Corporate details:

 

Face Value: Rs. 10

CMP: Rs.648.85

Market Capitalization: 4,20,391 crore

Book Value: Rs. 16.5

 

Shareholding Details:

 

FII Holdings: 0.12%

DII Holdings: 1.06%

 

Technically, the stock has been recently listed on the bourses and not much technical data is available to calculate the support and resistance levels. As per the recent price action, 620 and 650 are the supports and 730 and 750 are the resistance levels.

TECHNICAL ANALYSIS PARAMETERS:

TREND SIDEWAYS
SUPPORT 620 and 650 levels
RESISTANCE 730 and 750 levels

 

  1. SUZLON:

Suzlon is India’s leading renewable energy solutions provider offering a 360-degree total solutions package to its customers that covers the entire spectrum of wind energy projects. For more than two decades, our turnkey solutions and lifetime support combined with the best-in-class products have created value for our customers throughout the globe.

 

Suzlon energy being a pioneer & market leader of wind energy is focused on manufacturing & OMS (Operations and Maintenance Services) of Wind Turbine Generators. Having more than 2 decades of experience, the company has scripted OMS best practices setting industry benchmarks that ensure operational efficiency across various climatic zone from 50⁰C to -35⁰C.

 

Corporate details:

 

Face Value: Rs. 2

CMP: Rs.9.20

Market Capitalization: 8,614 crore

Book Value: Rs. -3.83

 

Shareholding Details:

 

FII Holdings: 6.29%

DII Holdings: 15.50%

 

Technically, the stock is consolidating around the lower levels of 6-10 on the daily charts. The price volume has been good in the past few weeks with the trend in the sideways zone. The stock is having major support around 6 levels and 11 is the resistance level.

TECHNICAL ANALYSIS PARAMETERS:

TREND SIDEWAYS
SUPPORT 6 levels
RESISTANCE 11 levels

 

  1. 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. 564.80

Market Capitalization: 4,78,984 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: 9.62%

DII Holdings: 25.09%

 

Technically, the stock is looking bullish on the charts and is trading above the major moving averages. The stock is showing price volume action along with the sector outperformance and has given a breakout above 500 levels decisively on the daily charts. The stock is having next resistance around 595 and 620 levels while support is placed at 510 and 500 levels.

TECHNICAL ANALYSIS PARAMETERS:

TREND BULLISH
SUPPORT 500 and 520 levels
RESISTANCE 595 and 620 levels

 

 

 

  1. TATAPOWER:

Tata Power Company Ltd is primarily involved in the business of the generation, transmission, and distribution of electricity. It aims to produce electricity completely through renewable sources. It also manufactures solar roofs and plans to build 1 lakh EV charging stations by 2025.

 

Presently, the company has a total capacity of 12,808MW from its various thermal, hydro, Renewable, and WHR power projects across India. Out of the total capacity, thermal accounts for 69%, followed by solar (14%), wind (7%), hydro (7%), and Waste-heat recovery (3%).

 

Corporate details:

 

Face Value: Rs. 1

CMP: Rs. 229.30

Market Capitalization: 75,154 crore

Book Value: Rs. 70.2

 

Shareholding Details:

 

FII Holdings: 10.10%

DII Holdings: 14.70%

 

Technically, the counter is consolidating after giving a decisive price volume breakout above 200 levels on the daily charts. The stock is looking bullish on long-term charts with key supports placed at 205 and 215 levels while on the flip side the next resistance is around 255 and 270 levels.

TECHNICAL ANALYSIS PARAMETERS:

TREND BULLISH
SUPPORT 255 and 270 levels
RESISTANCE 205 and 215 levels

 

  1. 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. 1371.15

Market Capitalization: 6,11,381 crore

Book Value: Rs. 175

 

Shareholding Details:

 

FII Holdings: 31.72%

DII Holdings: 18.88%

 

Revenue Breakup:

 

Financial Services segment contributes 32% of the revenue

The retail segment contributes 15% of the revenue

The communication, Telecom, and Media segment contributes 13% of the revenue

The manufacturing segment contributes 11% of the revenue

 

Technically, the counter is having no signs of respite from the selling pressure from the higher levels of 1600-1650 levels and is looking extremely weak on the daily charts. The stock has breached major supports on the charts and may witness selling pressure rising in the short-term time frame. The support from the current levels is placed at 1340 and 1320 while resistance is around 1480 and 1520 levels on the higher side.

TECHNICAL ANALYSIS PARAMETERS:

TREND BEARISH
SUPPORT 1320 and 1340 levels
RESISTANCE 1480 and 1520 levels