Technical overbought: Supreme Ind. Share price 1182. Target 1160. SL 1205.
Stock will slowly move down towards 1160-1140 in 2 sessions.
Stock can even correct towards 1080 in a week.
Stock has rallied 27% in last 3 weeks and looks overbought.
Being bullish stock will take good support at 1160-1140 and 1120.
Review of Oversold call: Target Hit in Deepak Nitrate at 218. Book Profits. Stock should move above 220 and consolidate 218-225 to move forwards towards 240 in 2 weeks.
Oversold Stock: Deepak Nitrate. Buy Above 212. Target 218-220. SL 207.5.
Oversold Stock: Deepak Nitrate. Buy Above 212. Target 218-220. SL 207.5. Share price 208.
Reward/ Risk = 3/2. Probability >60%.
Update on Oversold stock Graphite India. Good Reversal signals. Target 800. Stock Price 776. SL 750. 2 sessions.
Dips towards 765 can be used to average.
Risk Rewards ratio 1:1. Probability is >70%.
Stock will pullback towards 850 in 2 weeks.
Varun Beverages hits target of 740. Stock will consolidate between 715-760 and make fresh 52 week highs in coming weeks.
Graphite buy call was not triggered on Friday.
Stock looks very oversold at 795. Buy Above 805. Target 830 and 850 in less than a week and target 890 in a month. SL 765.
Technically oversold. Varun Beverages. Share price 703. Target 740. SL 682.
[Technically Oversold] Graphite India Share price 828. Target 860 & 900.
[Technically Oversold] Graphite India Share price 828. Target 860 & 900. SL 808. 2 weeks.
Buy above 835. Immediate pullback towards 855-860 in less than 2 sessions has more than 75% probability.
Earlier [Technically Oversold] call:
Technically oversold. Varun Beverages. Share price 703. Target 740. SL 682.
| Large Cap | Weightage |
| HDFC Bank | 5 |
| Indus Ind Bank | 4 |
| Kotak Mahindra Bank | 4 |
| Reliance Ind | 10 |
| Asian paints | 7 |
| M&M | 7 |
| ITC | 6 |
| HUL | 6 |
| Ultratech Cement | 8 |
| JSW Steel | 7 |
| L&T | 7 |
| Bajaj Finserv | 5 |
| UPL | 5 |
| Powergrid | 5 |
| Tech Mahindra | 7 |
| Wipro | 7 |
| Total | 100 |
| Mid Cap 100 | Weightage |
| Balkrishna Ind | 4 |
| PI Ind | 4 |
| Escorts | 4 |
| MRPL | 4 |
| L&T Info tech | 4 |
| Ramco Cement | 4 |
| SRF | 3 |
| Exide Ind | 4 |
| V Guard | 4 |
| Coromandel Inter | 4 |
| Cummins | 4 |
| Voltas | 4 |
| TVS Motors | 4 |
| Berger Paints | 4 |
| Torrent Pharma | 3 |
| Divis Labs | 3 |
| Jubliant life | 3 |
| IGL | 4 |
| Castrol | 4 |
| Aditya Birla Fashion | 4 |
| CG Consumer | 4 |
| Endurance Tech | 4 |
| Indian Hotels | 4 |
| Torrent Power | 4 |
| NBCC | 4 |
| Tata Chemicals | 4 |
| Total | 100 |
| Small cap 100 | Weightage |
| GNFC | 3 |
| Chambal Fertilizers | 3 |
| Kajaria ceramics | 3 |
| JK Lakshmi Cement | 4 |
| Ceat | 4 |
| Raymonds | 3 |
| Tata Elxi | 3 |
| PNC Infra tech | 4 |
| SH Kelkar | 4 |
| Century Plyboard | 4 |
| Godfrey Phillip | 4 |
| Rallis India | 4 |
| Delta Corp | 4 |
| Omaxe | 4 |
| Ipca Labs | 4 |
| Venkys | 4 |
| VIP Ind | 3 |
| Kalpataru Power | 4 |
| Atul | 3 |
| DCB Bank | 4 |
| Gujrat Alkali | 3 |
| Trident | 3 |
| Galaxy Surfacta | 4 |
| Persistant | 3 |
| Himatsingka Sei | 4 |
| Cyient | 3 |
| KEC Inter | 4 |
| Himadri Spl | 3 |
| Total | 100 |
| Lubricants | Price | Price to Earnings | Price to Book | Target | Target 2 | Support | SL |
| Castrol | 153 | 22 | 15 | 180 | 220 | 140 | 135 |
| Gulf oil lube | 815 | 25 | 8.6 | 960 | 1050 | 740 | 690 |
| Tide water oil | 5460 | 18 | 3 | 6500 | 8000 | 5000 | 4800 |
Stock can immediately move towards 165 and 170 but will face resistance going forward. It would take time to move towards 180 and 220. We see the targets hits in 6 months and 1 year provided Crude stays below $60. Mutual fund holding in the stock are at the highest levels and the stock has good support at 140.
Stock had found good support on 200 EMA on weekly charts at 700-750. Stock has good support in this region. With Crude prices easing and with good growth potential in the stock, stock can rally towards 960 and 1050 within a year. Mutual funds are increasing stake in the company lately. Both Gulf oil lube and castrol are cash rich debt free company.
Fundamentally strong and cheap in valuation. Tide water oil is a good buy for long term. Dont see much downside in the stock during correction. Stock has good support between 4800 and 5000. Stock can move towards 6500 and 8000 in 6 months provided the crude stays below $60.
Stock looks good for a 1000 in a year, add on any dips towards 660-690. SL 600.
Technically oversold. Varun Beverages. Share price 703. Target 740. SL 682. 2 weeks.
Stock can immediately pullback towards 715-725 in next 2 sessions.
Vardhman Textiles Looks good for long term. Share price 1075. Target 1400. SL 950. Add on dips towards 1020-1040.
Stock is available below 10x earning and close to book price. Stock has strong profitability ratio and good growth is seen. Technically stock has taken good support in weekly charts and has resistance in daily charts on the upside.
Stock is considered cheap and can be added for a target of 1200 and 1400 in less than a year. Stock is seen between 2100-2400 in 2-3 years.
| Power distribution | Price | Trailing PE | Price to Book | Target | Support | SL |
| KEC | 301 | 15.7 | 3.88 | 380 | 270 | 240 |
| GE TD India | 250 | 27 | 5.5 | |||
| GE Power India | 840 | 7 | 1000 | 800 | 780 | |
| Kalpataru | 382 | 16.6 | 2 | 500 | 340-350 | 330 |
| voltamp | 1100 | 15 | 1.79 | 1300 | 1050 | 980 |
Stock is fundamentally good and has given a strong rally last year. Now the stock is consolidating well and is poised for a big up move. With strong fundamentals and available below Price to Book of 4, we like the stock for a target of 380 in less than a year. We see support at 280 and minor resistance at 315-320 on daily charts. Above 330, We can see the stock move comfortably towards 380 and 450. SL 240. There is minor increase in stake by promoters and strong buying by mutual funds is seen.
With good growth outlook & stronger Margin% among its peers, this zero debt company with good cash in hand is attracting lots of fund managers and is technically bullish on daily charts and is finding good support between 780-800. We like the stock for a target of 940 and 1000 and can be held for even long term with SL of 780. Stock trades at Price to Book of 7. As long as the stock keeps hitting fresh 52 week high every quarter or half yearly and trades above 780, we are not worried about the Price to Book.
Fundamentally good stock available at good valuation of Price to Book close to 2 is a good buy. Decent profitability ratio and good growth with decent valuations attract lots of fund managers and the stock is poised for a target of 500 in 6 month- 12 month. Strong support is seen at 350. Short term charts suggest a pullback towards 375 in less than week. Have a SL of 330.
Stock has good profitability ratio and is available at good valuations. Dont miss a chance to add the stock when it is available during market correction. Recent pullback from 950 to 1100 has put the stock in strong up move. Minor corrections are expected towards 1030-1050, which can be used to buy the stock for short term targets of 1200 and 1300. SL 980.
We would like to wait and watch GE T&D India and Adani Transmission.
Enter GE Power India. Share price 830. Target 940. SL 790. 3 months.
Enter Sterling tools. Share price 350. Target 450. 1 year. SL 280. Add more on dip towards 320-330.
BSE: 530759|NSE: STERTOOLS.
You can hold this stock for long term in your portfolio.
With breathing space in Metals and Autos. Nifty will hit fresh 52 week high.
We are strongly bullish in FMGC, IT and Banking sectors.
Pharma, Auto, Metals are bearish and are oversold, they carry good breathing space on the upside to allow NIFTY hit fresh 52 week high in a month.
We also see the broader market move 3-5% up in a month.
Enter IG Petrochemical 420. Target 540 & 630. 3 months and 1 year respectively. SL 340.
Add on dips towards 380-390.
Fundamentally strong chemical stock available at a valuable price.
Technically stock is bearish on daily charts and taking support in weekly charts at 200 EMA.
200 EMA on daily charts is at 500. We see the stock rally towards 500-540 above 440. Facing resistance between 500-540. Stock will move swiftly towards 630 and 750 above 550 in less than a year.
Keep vigilant on upcoming quarterly results.
Bullish on Technocraft Industries. Share price: 570. Target 700. SL 490. Support is seen at 530-540.
One of the fundamentally strong stock in Steel- Medium & small sector. Technically is bullish on both daily and weekly charts. Results are good and the outlook is good.
This content is Priority Members Exclusive. Analysis includes fundamentally strong stocks in the Paper industry.
| Stock | Price | Price to Earning | Price to Book | Rating |
| Astron Paper | 110 | 21 | 4 | Hold |
| International Paper APPM | 454 | 13 | 3 | Hold |
| JK paper | 158 | 8 | 1.7 | Buy |
| NR Agarwal Ind | 450 | 7.2 | 3.4 | Buy on dips |
| Ruchira Papers | 140 | 8.8 | 1.8 | Buy on dips |
| Shreyans Ind | 152 | 6 | 1.36 | Buy on dips |
| West coast paper | 315 | 7 | 2.4 | Buy |
| Sesashree Paper | 1128 | 9.24 | 2 | Hold |
Update on Suven Life Science. Exit stock. Quarterly results below par. We would recommend you to switch to Alembic Pharma: Share price 620. Target 750. 3 months. SL 550. Add on dips towards 580-590.
Reference call:
Re-enter Suven on dips towards 245. Target 310. SL 225. 3 months.
Strong Results from Alembic Pharma. Share price 620. Target 750. 3 months. SL 550. Add on dips towards 580-590.
Stock is technically well placed and is bullish on both short and long term charts. One more good result will take the stock to 900 in less than 9 months.
Decent increase in stake by mutual funds in last 6 months.
KNR Constructions looks attractive for long term. Share price 190.
Stock is fundamentally strong and has had normal quarterly results.
Stock is finding support at 200 EMA in weekly charts at 170-180. Have a SL of 160 and accumulate on dips for long term. Mutual funds have seen accumulating the stock to their portfolio.
Stock can test resistance at 240 in less than 6 months due to 200 EMA on daily charts. Above 250, stock will move towards 300 and 330 in less than 18 months.
We will review the sector as a whole sooner.
| Stocks | Price | Trailing PE | Price to Book | |
| AIA Engg | 1660 | 32 | 5.2 | Hold |
| Alicon Cast | 615 | 17.4 | 3.4 | Hold |
| Invest & Precision | 300 | 17.8 | 2.25 | Buy |
| MM Forge | 633 | 18.3 | 4.09 | Buy |
| National Fitting | 163 | 16.6 | 4 | Buy |
| Ramkrishna Forge | 520 | 13.86 | 2.24 | Buy |
| Pradeep Metals | 77 | 12 | 2.5 | Buy |
| Nelcast | 74 | 14.7 | 1.75 | Buy |
Stock is range bound 1450-1800. Good to see stock being bullish on daily charts even during market volatility. Long term support is at 1250-1300, where we find the stock attractive for long term. For short term, on can buy the stock on dips towards 1450-1500 for a target of 1750 and 1900. We see the stock trade at 2500 in a year.
Stock is good fundamentally and can test 660 and 720. It has strong support at 550. We have a hold recommendation in Alicon Castalloy.
Stock is good fundamentally and is down technically. Support is seen at 260-270 on weekly charts and resistance is seen at 350 on the upside due to daily charts 200 EMA.
We recommend to add stock on dips towards 260-275. Target 350 and 400 in 6-12 month and less than 18 months respectively. Stock trades at 2.25 x book and looks attractive for both short term and long term. Stock has also have a good quarterly result. (3%: Dont add more than 3% of your portfolio.)
Stock is fundamentally strong and technically strong. We see the stock at 720 in 3-6 months and 880 in less than a year. Mutual funds are aggressively adding the stock to their portfolio in recent quarters. Stock has good Margin % and ROE% and a good earning yield. Stock is consolidating at a Price to Book of 4. We see the stock rally towards 880 in less than a year. Time is very conservatively stated. (5-6%: Stock can be added upto 5-6% of your portfolio.)
Stock is Fundamentally strong with good Margin%, ROE% and ROCE%. Technically stock is taking support at 200 EMA in weekly charts closer to 150-160. Stock faces resistance at 175-185 due to 200 EMA on daily charts. Stock trades at 4x book and has a PE of 16.4. We see the stock rally towards 215 and 250 as it moves above 190 in 6 months and 1 year respectively. We have a SL of 140. (3%: Stock can be added only upto 3% of your portfolio.)
Stock is Fundamentally good with good Margin% and ROE%. Stock trades at a PE of 13.8 and Price to Book of 2.24. Valuations are attractive. Mutual funds are increasing stock to their portfolio in recent quarters. Technically stock is finding support at 200 EMA of weekly charts and shall face resistance at 550-570 on upside due to 200 EMA of daily charts. We see the stock go past the resistance and hit our target of 720 in less than a year. (4%: Stock can be added upto 4% of your portfolio.)
We like both Pradeep metals and Nelcast. Pradeep metals being low market cap stock, we do not recommend to hold more than 1% of your total portfolio value, you can also avoid it. Nelcast is seen Promoters increase the stake and we are happy to hold it for a target of 105 and with a SL of 60.
Update on Priority Stock P-14. Revised Target & SL. View on Recent quarter.
We had review 21 stocks from Auto Ancillaries and We have 11 stocks with Buy rating.
| Stock | Price | PE ratio | Price to Book |
| Auto axle | 1365 | 18 | 4.6 |
| Banco | 170 | 9.7 | 1.5 |
| Bosch | 18500 | 36 | 5.6 |
| Federal Mogul | 427 | 28.4 | 3.6 |
| FIEM | 574 | 13.7 | 1.69 |
| India Nippon | 430 | 18.35 | 2.8 |
| Jamna Auto | 66 | 17 | 6.2 |
| LG Balakrishna | 403 | 13.3 | 2.3 |
| Lumax Auto Tec | 200 | 22 | 2.83 |
| Lumax Indus | 1682 | 20 | 4.3 |
| Minda Corp | 136 | 19.6 | 4.2 |
| Minda Ind | 330 | 25.6 | 6.8 |
| Motherson Sumi | 167 | 31 | 4 |
| Munjal Auto | 59 | 16.2 | 2 |
| Munjal Showa | 175 | 9.2 | 1.1 |
| PPAP | 371 | 12.2 | 1.93 |
| Sharda Motors | 1524 | 11 | 2.6 |
| Subros | 268 | 20 | 4 |
| Suprajit Engg | 213 | 21.7 | 4.5 |
| Wabco | 6500 | 40 | 8 |
| Wheels | 974 | 32 | 4.5 |
Review on Plastics. Technically weak sector. Bargain for long term?
Recently going through stocks in Plastic sector, i found 8 interesting stocks to review and i found them quite good for long term. Most of the stocks saw increase in stake by either promoters or Mutual funds or both in last quarter. With good growth seen in the future, Will the stocks be able to pullback and break resistance at higher prices?
| Stock | Price | Trailing PE | Price to Book | Rating | Target 1 | Target 2 | SL |
| Supreme Ind | 996 | 24 | 6.6 | Buy | 1125 | 1300 | 870 |
| Wimplast | 729 | 20 | 3 | Buy | 1000 | 660 | |
| nilkamal | 1540 | 18.8 | 2.88 | Buy | 1700 | 1950 | 1300 |
| mold-tek pack | 270 | 25 | 4.3 | Buy | 310 | 360 | 240 |
| multibase | 469 | 31 | 7 | Hold | 520 | ||
| cosmos | 225 | 7.9 | 0.7 | Buy | 320 | 180 | |
| Mayur | 400 | 20 | 4 | Hold | 450 | ||
| Plastibends | 210 | 15.2 | 2.2 | Buy | 258 | 310 | 177 |
Decent correction from 52 week high for the stock. We are not happy with the price to book at 6.6, but considering the growth prospective and good . We will valuate the stock to have a PE of 30. At 30x annualized recent quarter EPS, our target is close to 1080-1120 in 3 months. Technically the stock will face resistance at 1120-1150 in the upside.We see the stock at 1500 in less than 18 months. We have seen Mutual funds increasing stake in the company.
Wimplast is another stock that has almost come down 50% from 52 week high. Recent quarterly results were not that good. Stock is technically weak on both daily and weekly charts, but has a good chance to pullback towards 950 and 1000. Stock is trading at trailing PE of 20 and Price to book is at 3. Mutual funds have seen increasing stake in the company. Any good results will help the stock move towards 1000. We expect this to happen in 6 months.
Nilkamal with Trailing PE of 18 and Price to book of 2.88 looks good for long term accumulation. Stock is testing crucial support at 1500-1530. It can slip towards 1300-1330 technically below that. We like the stock for long term. We have a target of 1700 and 1950 in 6 months and 1 year respectively. We have seen Mutual funds increase stake in the company in last 3-6 months.
Mold-tek Packaging is another fundamentally good stock. We like the stock at 270. Stock trades at 25x earnings and 4.3x book. Stock is finding good support on weekly charts at 250-270. You can accumulate here for a target of 310 and 360 in 3 months and 1 year respectively. Stock will find resistance at 310-325 due to 200 EMA on daily technical chart. Above 310-325, stock can rally to 360 easily. We have seen Mutual Funds increase the stake in last 3- 6 months.
You can hold or reduce Multibase for next 3 months. A fundamentally strong company as posted below par quarterly results. We would wait for a technical entry at oversold levels or wait for a good quarterly result to enter the stock. Stock trades at 31x trailing EPS and 7 times book.
Cosmos Films trades at 8x EPS and 0.7 x book. Stock is beaten down technically. We have seen Promoters increase the stake in last 3 months. Recent quarterly results has been good. The current ratio is less than 1 and is concern. It can cause the company to show irregular profits in quarterly results and also makes it difficult to evaluate a company on a smooth basis. We expect the stock has bottomed out and should pullback towards 260 and 320 in a year. Its a risky bet against the moving averages.
Mayur Uniquoters is a fundamentally strong stock quoting at 25x Trailing EPS and 4 times book. Recent quarterly result has been decent and we expect strong growth in the company. Since Mutual funds has reduced stake in the company while increasing stake in other stocks, we would like wait and watch for better results and technicals.
Plastiblends is a good value stock compared to its peers. Stock is trading at 15x trailing EPS and 2.2 times book. Stock has good recent quarter. Promoters have increased stake and DSP Blackrock mutual funds are buying this stock for last 6 months. Technically stock is taking good support of 200 EMA in weekly charts and has resistance at 215-225 on daily charts. Above 225, stock will comfortably move towards 258 and 310 in 3 months and within 1 year respectively.
Most of the stocks seems to be technically weak. Considering the Fundamental strength and growth of the stocks, increasing stake of Supreme Ind, Nilkamal, Mold-teck packaging & Plastiblends would be considered wise. Cosmos Films will be our value and contra pick. Wimplast can be bought for a short term pullback.
Enter Apar Industries. Share price 618. Target 720 and 800. SL 540. Add on dips towards 580-590. Time: 3 months and 1 year respectively.
Strong increase in stake by mutual funds and fundamentally good company to hold for long term.
