Author: moneymaker

Top trading ideas from market expert for trade tomorrow: PURVA

Research Head (MONEY MAKER RESEARCH & INVESTMENT ADVISOR PVT LTD) is having a view that one can go long in PURVA. “PURVA is strong on daily Charts & bullish cross over in KST and strong numbers at CCI shows strong movement a head, therefore I suggest traders to go long above 146 with a price target of 160 & Stop loss should be placed below 120” Stock has traded higher than 5 day, 20 day, 50 day, 100 day and 200 day moving average & Outperformed Sector by 3.09%. PURVA was closed 3.74 per cent up today at 138.80 NSE. SEBI Registered Stock Advisory Company...

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What to watch out in Stocks on Thursday based on latest prospects

Open Market: BSE Sensex opened at 33,603.36 up by 41.81 points at the late hours on Thursday. NSE Nifty also opened marginally higher at 10,358.55 up by 16.25 points at the same time. Shares of HPCL, IOC and Sun Pharma were declined by more than 0.7% each. In the Sensex pack, shares of Dr Reddy’s lab plunged by nearly 2% in the morning trade, while Tata Steel, Bajaj Auto clocked gains of about 0.5%. Stocks to Watch out: The Board of Sundram Fasteners Ltd, a TVS Group company, has given its consent to raise funds up to Rs. 500 crore through NCDs as per c company statement. Thomas Cook (India) announced its approval to divest a 5.42% stake in its subsidiary, Quest Corp, to bring its share-holdings to 51.56 percent. By this means, they propose to raise funds of over Rs 600 crore through an offer for sale route in two trading sessions viz. 23 & 24 November 2017. Tata Teleservices (Maharashtra) announced that the Crisil rating has upgraded its ratings on the company’s Rs. 5,166 cr bank loan facilities to CRISIL AA-/CRISIL A1+from CRISIL-A/CRISIL A1. Arrow Greentech (AGTL) said it has got a patent for method of manufacturing embedded water-soluble film carrier from USA Patent Office. HealthCare Global Enterprises has announced its approval for issuance of 11.66 lakh equity shares at Rs 300 each on preferential allotment basis,...

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Market Live 22 Nov- Stocks in Focus today

Indian stock markets have opened Wednesday, on a positive note. The BSE Sensex is trading marginally higher by 52 points at 33529.44 while the NSE Nifty is trading higher by 4.95 points at 10331.86 in late morning hours. All sectoral indices led by infrastructure company stocks and consumer durables turned green. The rupee was trading marginally up against the US dollar in early trades. Major gainers include Mahindra & Mahindra, Adani Ports, Asian Paints, Bajaj Auto and HDFC Ltd. Here’s a look at the top stocks that made news during the session:- Bank of Baroda has announced that it has approved raising additional equity capital up to Rs. 6,000 cr by way of right issue or QIP. Telecom stocks will be in public attention as the telecom regulator has put forward relaxing spectrum holding limits to encourage mergers and acquisitions & spectrum trading in a market. Mahindra and Ford Motors extends tie-up to make electric vehicles for India in the country to help battle pollution from the vehicles clogging India’s roads Lakshmi Vilas Bank intends to raise funds by way of its forthcoming rights issue. The bank will discuss the issue opening and close date and fix record date. Adani Enterprises announced that it seeks government loan for Carmichael coal mine in Australia. As per foreign media reports, the company is near to securing a deal with Chinese enterprises...

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Top Stocks in Focus today, 21 November, 2017

Vedanta Resources: Moody’s Investors Service upgraded Vedanta Resources’ corporate family rating to Ba3 from B1. Moodys has also upgraded the company’s sr. unsecured bond rating to B2 from B3 while marking the outlook marks as ‘stable’. Mahindra and Mahindra:  M&M has opened its new plant with an investment of 230 million dollars in the world’s car capital, Detroit, which got its prime automotive production facility in 25 years. The new plant is expected to generate 250 employment in the US. Jet Airways: India’s second-largest airline aims to cut costs by up to 15%, increase ancillary revenue by Rs 250 cr, and increase capacity at a CAGR of 10 % over 3 years, as per the report. Reliance Industries: Reliance Industries has raised USD 800 mln by selling ten-year bonds, making it the first company to take benefits of India’s rating upgrade last week. Reliance Communications (Rcom): Lenders of RCom approved the sale of its real estate assets in Delhi & Chennai to Canada-based asset management firm Brookfield. State Bank of India: SBI may consider listing its general insurance arm SBI General Insurance, a JV with Insurance Australia Group, within 24 months to improve its capital cushion as the govt plans to recapitalize the banks. SBI may raise Rs 2500 cr, by divesting 20% in SBI General, based on its current performance.   Report by SEBI Registered Stock Advisory...

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