Gale India: November 2018

Thursday, 29 November 2018

Analysis of 12 Media & Entertainment stocks. 6 stocks are rated Buy.

Stocks	29/11/2018	Target 1	Target 2	Support	SL	PE	Price to Book
GTPL Hathway	87	115		78	70	18	1.4	Buy on dips
Sun TV	594	780		550	530	17.7	5	Buy
Zee Ent	491	520				37	6	Hold
Jagran Prakash	114	132	149	105	98	12	1.5	Buy
Inox Leisure	210	250	300	190	185	17	2.9	Buy
PVR	1450	1650		1360	1220	48	6.3	Hold
Saregama	570	730	860	480	440	21	2.58	Buy
Shemaroo Ent	462	560		400	360	15	2.56	Buy
TV Today Network	382			350	340	16	3.15	Hold
UFO Movies	270	350				13.5	1.6	Hold
Music Broadcast	330	400		320	310	33.88	3.11	Hold
DB Corp	177	250				11	1.6	Hold

Top Media & Entertainment Stocks to buy in December 2018:

The Indian Media and Entertainment (M&E) industry is a sunrise sector for the economy and is making high growth strides. Proving its resilience to the world, the Indian M&E industry is on the cusp of a strong phase of growth, backed by rising consumer demand and improving advertising revenues. Know more here.

GTPL Hathway; Share price 87; Target 115:

Promoters have increased stake and we expect the stock to pullback towards 200 EMA close to 110-115 in 3 months.

Sun TV; Share price 590; Target 780:

Increase in stake by Mutual funds and good growth seen forward; stock is available at good valuation. We expect the stock to pullback to 780 in 3 months. Stock also has good support at 550.

Inox Leisure; Share price 210; Target 250:

Strong increase in stake by Mutual funds in last quarter and stock is available at good discount compared to PVR and has good support at 190-200. Stock can go towards 250 in 3 months and 300 in a year.

Saregama; Stock price 570; target: 730:

Good product line and good growth in last few years are positive for the stock. Stock can be added on dips towards 500-530 for a target of 730. SL 440. 1 year.

Shemaroo Entertainment; Stock price 460; Target 560:

Strong recent quarterly results will move Shemaroo Entertainment to 560. Stock is available at good discount price among peers. Any dips towards 400-420 can be used to add more stocks. SL 360. Target 560. 6 months.

Earlier call on Shemaroo:

Buy Shemaroo Ent shares on dips towards 400. Target 500. SL 360. 1 year.

PVR is range bound 1300-1600. Zee entertainment looks expensive. TV today Network did not have a good quarter. UFO Movies and DB corp are at 5 years low and has no support on down side, We would like them and any good quarterly result in coming months.

Music Broadcast looks expensive at with a PE of 34. Technically we like the stock above 350 for a target of 400 with SL of 320.

When you look at media and Entertainment stocks overall, do you think that they’re overvalued or Undervalued?

Average Trailing PE ratio of media and Entertainment stocks are close to 18 and it is due to the correction in the broad market. We would consider a PE ratio of 22-25 to be normal. Without considering Growth and results, stocks are 20% undervalued. Adding growth in EPS and Decent fundamentals we see the sector to be 30-40% undervalued.

You would also like to view:

Top stocks to buy & Invest in 2018 & early 2019 for long term in India.

10 Chemical Stocks to buy in November 2018 after recent results

source https://gale.in/analysis-of-12-media-entertainment-stocks-6-stocks-are-rated-buy/

Wednesday, 28 November 2018

Top stocks to buy & Invest in 2018 & early 2019 for long term in India.

Tuesday, 27 November 2018

Nifty Index Technical Analysis. Chart Trend update- December 2018

Monday, 26 November 2018

Strong Results: Vindhya Telelink. Share price 1915; Target 2500. SL 1550.

Strong Results: Vindhya Telelink. Share price 1915; Target 2500. SL 1550. Hold and Add on dips towards 1700-1750. 6 months.

Earlier call:

Update on Vindhya Telelink. Stock can slip into accumulation zone.

source https://gale.in/strong-results-vindhya-telelink-share-price-1915-target-2500-sl-1550/

Lessons learnt from Bitcoin crash in 2018. Live price: 3913 USD.

It is undeniably that everyone was so crazy on Bitcoin, even myself, during the monster rally in 2017.

Everyone wanted to hold a small portion of bitcoin. (I hold small quantity of bitcoin and other few altcoins myself).

We had Bitcoins in our radar. Due to the volatile nature of the Bitcoin, which could drown value of Purchase, we refrained ourself from giving recommendations.

Bitcoin as investment:

Bitcoin is a digital currency; too much unregulated. But the Blockchain technology could do a revolution in years to come. Bitcoin on its own doesn’t create value like stock market. Still, you can buy Bitcoins at a price and sell for profits.

Bitcoin Bubble:

Looking for profits from such a market instrument using its momentum is called Speculation. When speculation happens, any product would skyrocket and create a bubble. Bubble captures the most greedy at its peak.

Writing off Bitcoin, it’s too early:

Should you sell or buy Bitcoin at current price. Since we have said investment in bitcoin is a speculation, we should always take help of technical charts to predict the price movement.

I would not add a recommendation to add or sell Bitcoin coin here. But I feel the Bitcoin would pullback atleast 30% of its recent losses and take a direction from there and it’s too early to write-off Bitcoin as an investment. We would add any recommendation on Bitcoin or other altcoins in our website dedicated for Bitcoins, www.silkbitcoin.com.

Lessons learnt:

How should we apply the facts that occurs to bitcoin to the Indian Stock Market?

You can almost compare bitcoin crash to that of the crack in the Indian Broader Market.

1. Invest in quality stocks.

2. If you purchase a stock for short term gains without understanding its business, it’s speculation. Strictly use technical charts and best technical analysis method to determine the SL atleast.

3. Stocks can create wealth in long term if you really understand what moves a stock price.

4. It is always advised not to buy stock that are falling and not to sell while the stock rallies. Never settle for 10% or 20% returns until you know the hidden value in the stock.

5. Every stock pick is not a winner. choosing the right stock can be done. We should not expect every stock to be winner. We need to exit some stocks in losses and continue holding stocks in profits based on fundamental and technical facts. Averaging a falling stock just for the reason that it has fallen should not be done

6. It’s always better to invest than to speculate. Time should not be wasted in speculating until it’s really worth wasting. If you could work, accumulate and invest in stock, why do you really want to speculate and waste your time. Use your time wisely.

Comment below if you have Bitcoins. Share your thoughts on Bitcoin crash in 2018 and also help us improve our article by your worthy suggestions.

Share this article to your family members and friends.

source https://gale.in/lessons-learnt-from-bitcoin-crash-in-2018-live-price-3913-usd/

Sunday, 25 November 2018

View on Wockhardt Ltd. Share price 520. Technical charts not in favour.

Stock looks attractive at 1.8x Book, but the results are not so good. It would take a while for the company to post good results.

Technically, the stock is bearish on Daily and weekly charts. If you hold the stock, you can reduce on pullback rally towards 620 in short term and exit on pullback rally towards 770-800 in long term.

Stock will get too attractive at 400-430 for long term. On good results, the stock can rally towards 800 and 1000.

source https://gale.in/view-on-wockhardt-ltd-share-price-520-technical-charts-not-in-favour/

Enter Transpek Industries. Share price 1380. Target 1650. 22% upside.

Enter in the range of 1330-1350. SL 1220 on closing price of the day. Target 1650. 3 months. (exit stock before next quarter results.)

Decent revenue and profits in recent quarterly results and is technically well placed.

source https://gale.in/enter-transpek-industries-share-price-1380-target-1650-22-upside/

Update on JM Financials. Share price 86. Reduce on rally towards 115.

Stock has recently been hammered due the recent financial Crisis from 140 to 70. Stoploss was triggered at 115.

At 70-80 we liked the valuation of the stock. Anyone holding is advised to reduce the stock on rally towards 110-115 on technical reasons. Stock is taking 200 EMA support on weekly charts and is in pullback rally on its daily charts.

Immediate Rally towards 110-115 is seen and stock will face resistance at early support of 115.

Fundamentally, stock looks attractive at current price for long term. We have a target of 195 in 2-3 years time frame.

Earlier call:

Enter JM financials and L&T Finance Holding. 17% upside in each.

source https://gale.in/update-on-jm-financials-share-price-86-reduce-on-rally-towards-115/

Saturday, 24 November 2018

Update on Federal Bank. Share price: 80. Exit on rally towards 93-95.

Update on Federal Bank. Share price: 80. Exit on rally towards 93-95. SL 75.

Stock look cheap on valuations. Stock can move towards 95 and 115 in 3 months and 1 year respectively.

However due to poor technical charts, the stock is recommended to be exited on rally towards 93-95.

Update will be given once, technical charts improve.

In private banks, we like

1. HDFC Bank

2. Indusind Bank

3. Kotak mahindra Bank

4. DCB

5. CUB

6. RBL bank

7. Bandhan Bank

source https://gale.in/update-on-federal-bank-share-price-80-exit-on-rally-towards-93-95/

Bullish: Varun Breverages. Share price: 768; Target 900; SL 690. 6 months.

Technically the stock is strong above its 50 EMA and 200 EMA. Any dips towards 720-735 is a good buy for a target of 900. Time Frame: 6 months to 1 year. SL 690.

Fundamentally, the stock has good growth in the future and the earnings can be easily seen going up. At 8x book and close to 45x trailing PE, the stocks growth is priced in.

Stock looks strong technically and can be accumulated on monthly basis until target is hit.

source https://gale.in/bullish-varun-breverages-share-price-768-target-900-sl-690-6-months/

Update on Ashok Leyland; Share price: 109; Target 157; Time: 1 year; SL 97.5.

Technically on daily charts the stock is bearish and will find resistance at 125 in the upside. Stock has good Support at 100 on closing basis. Have a SL of 97.5 on Day Close price. Stock will pullback towards 115 and 123 in 2 weeks and 6 weeks respectively.

On weekly charts, the stock is in good accumulation zone for medium to long term investors. Stock is finding good support at 200 ema on weekly charts at 100. Accumulate for a target above 150 in 6 months to 1 year time frame. Below 95, the stock can test 80 technically. At 80, stock can be aggressively added to the portfolio.

Fundamentally, the stock is cheap and price looks attractive; accumulate for a target of 157 in a year.

source https://gale.in/update-on-ashok-leyland-share-price-109-target-157-time-1-year-sl-97-5/

Tuesday, 13 November 2018

10 Chemical Stocks to buy in November 2018 after recent results

Enter Deepak Nitrate; share price: 255-270; Target 330; SL 235.

Enter Deepak Nitrate; share price: 255-270; Target 330; SL 235. 6 months.

Decent results and technically looks strong for a good upmove.

source https://gale.in/enter-deepak-nitrate-share-price-255-270-target-330-sl-235/

Monday, 12 November 2018

Mphasis share price attractive at 940-970. Target 1400. 1 year.

Mphasis share price attractive at 940-970. Target 1400. 1 year. SL 870.

Recent dip from all time high has made the stock attractive to accumulate for long term. Stock can pullback to 1030-1070 in less than a month and can move towards 1400 in a year.

source https://gale.in/mphasis-share-price-attractive-at-940-970-target-1400-1-year/