In the report published by HDFC Securities on 28th Oct, they recommend their client to SELL HUL with target price of 530 and Buy Maruti Suzuki with Target price of 1656. Click the links below to see the full report. HUL Maruti Suzuki
Buy Tech Mahindra with target price of 1770 - Goldman Sachs Source of opportunity We add Tech Mahindra (Buy) to our regional Conviction List and raise our 12-month Director’s Cut-based target price to Rs1,770, implying 34% potential upside. We believe that since its merger with Satyam made it the fifth largest Indian IT services firm, TechM has gained adequate scale and capabilities to: (1) win large tickets deals through its position in the telecom vertical (the single largest offshore vendor globally) and ERP expertise in non-telecom verticals, (2) cross sell services across verticals as it has minimal client overlap (2%). With six wins in past six months, it has begun demonstrating the ability to win large deals, which is a key stock driver. Catalyst We believe that TechM’s revenue momentum will pick up over the next few quarters as it executes the deal wins. We forecast 13%/30% US$ revenue/EPS CAGR over FY13-FY15E driven by increased deal wins and (1) better utilization levels, (2) improved fresher ratio and (3) INR tailwinds helping expand margins over the next 2 years. We are 10%-15% above Bloomberg consensus on EPS over FY14E-FY15E. Key catalysts: (1) Announcement of large deal wins over the next 6 months (4 deals in the pipeline) (2) Successful execution of large deals (like KPN-BASE) by FY15, leading to consensus upgrades. Key risks (1) Loss of BT contract (2) unfavorable decision on pending court cases (downside risk of Rs84/share) (3) Significant appreciation in INR. Click Here to read the full report. Happy Investing!!!
IDFC Securities recommends to Buy HDFC bank with the target price of 740+ Q2FY14 result highlights
HDFC Bank’s Q2FY14 profit growth was +27%, and not its usual 30%. This was partly inevitable as growth slows down – for the bank, as for the economy and partly precipitated due to the volatile interest rate environment. While the quarter was probably soft, its operating fundamentals - asset quality, deposit mix and core profitability (PPOP ex-trading gains +28%) are still strong.
Loan growth was relatively slow at 16% yoy, 4% qoq. Corporate loans were up 5% qoq, but below trends for 2Q (+7-10% qoq). Retail loans grew steadily (+3% qoq, +17% yoy) but were driven more by unsecured loans as mortgage loans were not on-boarded in Q2FY14 – should normalize ahead.
NIMs were down 30bp qoq (to 430bp) largely due to the higher cost of funding.We expect NIMs to stabilize at current levels.
Fee income growth was strong (+28% yoy), partly due to one-off gains on derivatives (Rs 0.6bn). Excluding this fee growth was still healthy at 23% yoy.
Cost control was a big focus in Q2 and reflected in sharply lower cost ratios.
Asset quality remained quite steady, with no increase in stress across product segments. Gross stressed assets remain low at 1.3% of loans.
Key positives: Healthy fee income growth, stable asset quality, control on costs. Key negatives: Relatively sharp decline in NIMs, slower loan growth. Valuations & view Click here to view full report. Happy Investing!!!
We initiated short call on Cipla future above 378 and managed to book profit of 1.5k per lot on the same day itself. Click on below image for more details.
On June 5, we suggested to buy M&M Stock future with target of 1000. The stock hit the target on the same day and booked profit of 2k+ per lot. Click on the image below to see details.
After successful call of Bata future (profit of above 3k with 2 lot), we have initiated our 2nd call under Fantastic Stock Future service. Please see details as below.
SELL Divis Lab with SL = 980 and Target 930
Happy trading!!!
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Hi All, We are introducing our first service in Stock futures. We will give
3-5 fantastic STOCK Future in a month
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Trade with 2 Lots
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Below is result of our 1st call (profit of 3,500 with 2 lots)
Keep watching our blog for the performance of our service.
Stay tuned for next update and Happy trading!!!
-- Team IPL
(Intraday Profit League - intradayprofitleague@gmail.com)
Disclaimer: Day-Trading/ Positional Trading in futures, cash, option in stock and commodity markets is a high risk activity. Any action you choose to take in the markets is totally your own responsibility. IPL Team will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. This information is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. Owners and Writers may or may not be trading in the securities mentioned.
Today, we saw strong rally in market. Both our intraday call gave profit today. Our positional call of Bajaj Auto is at 1848. We initiated BUY call around 1817 on Monday.
As part of our service, we also give delivery based tips for short term gain. Our 1st pick - Wipro gave good returns in 2 week of time. We have picked another stock Bajaj Auto. Please see below details for the same.
A very safe move by RBI on monetary policy today, RBI changed the REPO rate by 0.25% to 7.25%, Reverse Repo Rate changed to 6.25% and CRR remains unchanged to 4.0% Market, investors and many experts were anticipating cut in Repo Rate by 0.25 %-0.50 % & CRR cut of 0.25%; & accordingly as per expectation RBI gave cuts to only REPO rates with keeping in view on inflation at 5.50 %. As of now India's economic numbers are as under -
Today again, market remain volatile. We expect to trade safely OR avoid trading till RBI policy is declared. As RBI policy declaration will drive the market to any direction. Hence trade safety OR avoid trading till RBI policy declaration. Today we booked loss in one trade and we were able to book little profit in another call.
Stockmarket is very unpredictable. No one can predict the movement of the market. In this kind of market profit and loss is like two side of a coin. Sometimes you are in profit and sometimes you have to book loss. It's part of the game. What matters is overall return at the end of week OR let's say at the end of month. We give intraday call based on stock movement with strict stop loss. We offer best service in Intraday Stock Tips. We believe on our technical Skills,research, market study etc..which can effectively use to provide high quality service to our valuable customers.
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Daily 1-2 Intraday calls
After trying our trial offer, you can decide to take our paid service which is very cheap. We provide paid service @ Rs 500 /- only per week. The service fee can be recovered via free trial period itself OR on the first day of the paid service week. Money earned in rest of the days will be your profit.
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Daily 1-2 Intraday Calls
Positional / Delivery based calls
Accuracy above 90%
Intraday OR Positional Calls will be sent via SMS / messenger (gTalk)
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Stick to SL and apply SL on closing basis (after 2:30 pm)
Calls are advised to be squared off by the end of the day
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