Is India really a fiscally weak nation ? Gold Reserves with Central Bank The Reserve Bank of India purchased 52.3 tonnes gold in FY20 to augment its foreign exchange reserves, according to the latest data released on Tuesday by the World Gold Council. With this, it has entered the league of the world’s top-10 gold holding central banks. RBI currently holds 612.6 tonnes of the … Continue reading Is India really a fiscally weak nation ?
Dabur Ltd – Technical Chart Key data : CMP 519 52 wk high 528 52 wk low 385 Target 600-700 Stop loss 485 50 dema 478 200 dema 463 Consolidation Breakout Stock has given a small breakout at 500 levels. A 2 year consolidation breakout is on cards above 535-540, which can see targets of 600-700 in medium term. It can be bought with a Stoploss … Continue reading Dabur Ltd
FDC Ltd – Technical Chart Key data : CMP 335 52 wk high 350 52 wk low 152 Target 550-600 Stop loss 280 50 dema 270 200 dema 235 BIG Breakout A big breakout at 300-320 where price and relative strength are crossing highs of 2018. Expecting a move upto 550-600 given the big consolidation before breakout, one can put a stoploss of 280. Also its … Continue reading FDC Limited
Sun Pharma – Technical Chart Key data : CMP 500 52 wk high 512 52 wk low 315 Target 1Target 2 7001000 Stop loss 430 50 dema 470 200 dema 444 Consolidation after breakout Stock gave a breakout at 450 odd levels in April 2020, since which it is consolidating a range of 450 to 520 forming a flag pattern. A breakout above 520 levels, stock … Continue reading Sun Pharma and Dr Reddy
Gujarat Gas Ltd – Technical Chart Key data : CMP 310 52 wk high 330 52 wk low 154.4 Target 450 Stop loss 270 50 dema 285 200 dema 248 Breakout on charts Stock gave a breakout at 300, toched an high of 330 and retraced to the retest zones of 285-290 Now after testing the retest zones, the stock is ready to move up again … Continue reading Gujarat Gas Ltd
Market Cap-8,610 CMP- 580 Key Business Segments Asset Management The company has an overall AUM of 30,000 crores as on March 2020 with AUM of 16,000 crores from mutual funds, PMS AUM at 11,600 crores and AIF AUM at 1,900 crores. The company has a strong SIP contribution with its average SIP ticket size greater than the industry average. SIP’s bring along a lot of … Continue reading Motilal Oswal Financial Services- Survival of the biggest
Market Cap-1500 cr CMP-45 Business Overview- IIFL Securities offerings Broking: Retail/ Institutional Investment Banking Distribution Broking_ Strong Presence in Institutional & Retail space Strong presence in 2500 locations covering 500 cities. Total retail customers in IIFL sec are 8.5 lac. Business offerings comprise equity, commodities and currency broking, DP services portfolioadvisory, distribution of mutual funds, bonds, portfolio management services, alternativeinvestment funds and other investment products. … Continue reading IIFL SECURITIES – Solid FIN TECH play on rising household financial savings
Cadila Healthcare Ltd – Technical Chart Key data : CMP 370 52 wk high 383.65 52 wk low 206.45 Target 560 Stop loss 310 50 dema 353.7 200 dema 293.4 Turnaround on charts Sharp price rise with spurt in volumes in the month of April 2020, showing first sign of turnaround after a long term down trend. The stock is making a fresh 52 week high, … Continue reading Cadila Healthcare
Bharti Airtel Ltd. – Technical Chart Key data : CMP 587 52 wk high 611.7 52 wk low 321.6 Target 950 Stop loss 500 50 dema 536.04 200 dema 468.25 Coming out of a long consolidation. A 13 year price breakout with significant volumes, suggests that the price can move to 950-1000 odd levels from current market price of 587. In current times of COVID19 … Continue reading Bharti Airtel Ltd.
CMP- 60 Market Cap- 1,565 cr Industry- Pipes & Plates Company Overview The company is engaged in manufacturing of welded line pipes and has a diversified product portfolio which includes HSAW line pipes, LSAW line pipes, and ERW/HFIW line pipes. Additionally, it offerscoating, bending and double jointing facilities thereby giving a 360-degree pipe solution to itscustomers. Welspun Corp is one of the largest players in … Continue reading Welspun Corp- Soon out of the Woods
Phoenix Capital 