Titan Company rallies 2% after UBS raises price target

Shares of Titan Company rallied 2 percent intraday on June 19 after global brokerage UBS raised price target on the stock by 28 percent.

"Company's aggressive growth strategy & flawless execution keep us bullish on the stock," the research firm reasoned.

UBS raised price target to Rs 1,600 from Rs 1,250 per share earlier, implying 28 percent potential upside from current levels.

"The upside fair value for the stock is Rs 1,800 per share while downside fair value is Rs 900," it said.

Titan Company had reported robust top-line growth across segments in the March quarter. Profit grew by 13 percent year-on-year to Rs 348.3 crore and total operating income rose 19 percent to Rs 4,888.8 crore in Q4FY18.

The stock has seen 55 percent upside in the last nine months. At 09:35 hours, it was quoting at Rs 1,274.75, up Rs 16.65, or 1.32 percent on the BSE.

If you want to know more about our services, please visit Free Stock Tips

L&T falls 3% as SEBI rejects Rs 9,000-crore buyback issue

Shares of Larsen & Toubro declined by over 3 percent in morning trade as investors reacted to Sebi denying permission for its buyback issue.

The engineering major on January 19 said market regulator Sebi denied permission for its Rs 9,000 crore share buyback offer.

In a regulatory filing to stock exchanges, L&T said the Securities and Exchange Board of India (Sebi) has asked it not to proceed with the buyback.

"Since the ratio of the aggregate of secured and unsecured debts owed by the company after buy-back (assuming full acceptance) would be more than twice the paid-up capital and free reserves of the company based on consolidated financial statements", the buyback offer is not in compliance with the Companies Act and Sebi norms, the regulator said in a letter to the company.

L&T had proposed to buy back up to 6.1 crore shares from shareholders at a price of Rs 1,475 per equity share, aggregating to Rs 9,000 crore. The offer was open to those holding equity shares as on October 15.

A buyback reduces the number of shares available in the open market.

According to company sources, while turning down the proposal, Sebi has applied the financial ratio based on the consolidated financial statement of the company.

We provide you sure shot Commodity & Equity Market Tips, Intraday tips, share market tips, Mcx bullion tips, Mcx tips, Crude tips, Stock tips, Future and Cash tips with Technical & Fundamental Research.

Visit: www.ripplesadvisory.com

Contact us @ +91-9644405056

Source: Moneycontrol

Sun Pharma plummets over 12% over buzz of fresh whistleblower complaint

Shares of Sun Pharmaceuticals plummeted over 12 percent as investors reacted to a fresh complaint by a whistleblower against the company.

According to Moneylife magazine, between 2014 and 2017, Aditya Medisales (AML) has had over Rs 5,800 crore of transactions with Suraksha Realty, controlled by Sun Pharma’s co-promoter, Sudhir Valia. This is as per a new 172-page complaint (with documents) sent by the whistleblower on Sun Pharma to the market regulator, Securities and Exchange Board of India (SEBI).

The company has been battling corporate governance issues. In December 2018, the first complaint by whistleblower alleged that Dilip Shanghvi, his brother-in-law Sudhir Valia were part of financial irregularities with Dharmesh Doshi. Doshi was allegedly a key figure in Ketan Parekh scam of 2001.

The company was also in the news recently for a drug recall.

Its US subsidiary started voluntarily recalling 13,918 cartons of Vecuronium Bromide Injection of 10 mg and 20 mg strengths from US market at hospital level, following the identification of "particulate matter identified as glass" in the product.

The Vecuronium Bromide for Injection has been found to contain particulate matter identified as glass," Sun Pharma said in a letter to the US Food and Drug Administration on January 8.

At 09:30 hrs Sun Pharmaceutical Industries was quoting at Rs 384.75, down Rs 42.40, or 9.93 percent, on the BSE. It touched a 52-week low of Rs 375.40.

We provide you sure shot Commodity & Equity Market Tips, Intraday tips, share market tips, Mcx bullion tips, Mcx tips, Crude tips, Stock tips, Future and Cash tips with Technical & Fundamental Research.

Visit: www.ripplesadvisory.com

Contact us @ +91-9644405056

Source: Moneycontrol

Cyient plunges 8% as investors react to fall in Q3 profit to Rs 92.3 crore

Shares of Cyient were down around 8 percent as investors turned wary of the stock after December quarter results’ announcement.

The company’s profit has fallen 27 percent to Rs 92.3 crore, while revenue remain unchanged at Rs 1,187.7 crore quarter on quarter. The company, which was supposed to consider buyback, will do so at a later date.

Morgan Stanley is overweight on the stock with a target set at Rs 720.

The brokerage believes that earnings were a miss on revenue, but it was offset by a strong margin.

The company lowered full-year revenue guidance for services business.

Going forward, it expects robust growth in Q4 along with margin expansion QoQ.

At 09:18 hrs Cyient was quoting at Rs 588.90, down Rs 38.65, or 6.16 percent, on the BSE. It touched an intraday high of Rs 600.00 and an intraday low of Rs 577.30.

We provide you sure shot Commodity & Equity Market Tips, Intraday tips, share market tips, Mcx bullion tips, Mcx tips, Crude tips, Stock tips, Future and Cash tips with Technical & Fundamental Research.

Visit: www.ripplesadvisory.com

Contact us @ +91-9644405056

Source: Moneycontrol

Top buy and sell ideas by Ashwani Gujral, Sudarshan Sukhani, Mitessh Thakkar for short term

Benchmark indices snapped a three-day losing streak on January 15 and closed sharply higher, driven by rate cut hopes after inflation declined and Asian peers rallied.

The 30-share BSE Sensex gained 464.77 points or 1.30 percent and closed at 36,318.33 while the Nifty 50 climbed 149.20 points or 1.39 percent to end at

10,886.80, forming the bullish candle on daily charts.

India VIX fell by 3.59 percent to 15.58 levels. Volatility has to cool down further to get a decisive range breakout.

According to Pivot charts, the key support level is placed at 10,810.53, followed by 10,734.27. If the index starts moving upward, key resistance levels to watch out are 10,930.03 and then 10,973.27.

The Nifty Bank index closed at 27,400.8, up 152.50 points on January 15. The important Pivot level, which will act as crucial support for the index, is placed at 27,329.4, followed by 27,258. On the upside, key resistance levels are placed at 27,459.9, followed by 27,519.

In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:

Ashwani Gujral of ashwanigujral.com

Buy BEML with a stop loss of Rs 900, target of Rs 935

Buy Manappuram Finance with a stop loss of Rs 96, target of Rs 104

Buy Piramal Enterprises with a stop loss of Rs 2300, target of Rs 2450

Buy Reliance Industries with a stop loss of Rs 1120, target of Rs 1150

Buy TCS with a stop loss of Rs 1850, target of Rs 1900

Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.

Sudarshan Sukhani of s2analytics.com

Buy HDFC Bank with stop loss at Rs 2100 and target of Rs 2140

Buy Reliance Industries with stop loss at Rs 1115 and target of Rs 1150

Buy LIC Housing Finance with stop loss at Rs 480 and target of Rs 495

Buy Hindustan Unilever with stop loss at Rs 1765 and target of Rs 1810

Sell Tata Steel with stop loss at Rs 480 and target of Rs 466

Mitessh Thakkar of mitesshthakkar.com

Buy Bharat Forge with a stop loss of Rs 480 and target of Rs 500

Buy Cummins India with a stop loss below Rs 859 for target of Rs 910

Sell Voltas with a stop loss of Rs 543.5 and target of Rs 507

Buy Info Edge India with a stop loss of Rs 1630 and target of Rs 1800

We provide you sure shot Commodity & Equity Market Tips, Intraday tips, share market tips, Mcx bullion tips, Mcx tips, Crude tips, Stock tips, Future and Cash tips with Technical & Fundamental Research.

Visit: www.ripplesadvisory.com

Contact us @ +91-9644405056

Source: Moneycontrol

Top buy & sell ideas by Ashwani Gujral, Sudarshan Sukhani, Mitessh Thakkar for short term

Benchmark indices started the week on a bearish note due to weakness in global markets and sell-off in FMCG and banking stocks.

The 30-share BSE Sensex was down 156.28 points at 35,853.56 while the Nifty50 managed to defend 10,700 levels, down 57.40 points at 10,737.60 and formed 'Bearish Belt Hold' kind of pattern on the daily charts.

The Nifty Bank, Financial Service, IT, metal and realty indices were down between 0.5 percent and 1 percent while Pharma was the only gainer among sectoral indices, up half a percent.

According to Pivot charts, the key support level is placed at 10,683.93, followed by 10,630.27. If the index starts moving upward, key resistance levels to watch out are 10,799.63 and then 10,861.67.

The Nifty Bank index closed at 27,248.25, down 205.65 points on January 14. The important Pivot level, which will act as crucial support for the index, is placed at 27,157, followed by 27,065.8. On the upside, key resistance levels are placed at 27,364.6, followed by 27,481.

In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:

Ashwani Gujral of ashwanigujral.com

Sell Jindal Steel & Power with a stop loss of Rs 148, target of Rs 136

Sell National Aluminium Company with a stop loss of Rs 63, target of Rs 57

Sell Kotak Mahindra Bank with a stop loss of Rs 1225, target of Rs 1180

Buy Bajaj Finance with a stop loss of Rs 2520, target of Rs 2600

Buy Glenmark Pharma with a stop loss of Rs 660, target of Rs 685

Sudarshan Sukhani of s2analytics.com

Buy Bata India with stop loss at Rs 1150 and target of Rs 1185

Buy NIIT Tech with stop loss at Rs 1170 and target of Rs 1210

Buy RBL Bank with stop loss at Rs 568 and target of Rs 585

Buy Ajanta Pharma with stop loss at Rs 1160 and target of Rs 1195

Sell Vedanta with stop loss at Rs 197 and target of Rs 188

Mitessh Thakkar of mitesshthakkar.com

Buy Castrol India with a stop loss of Rs 154.9 and target of Rs 165

Buy Godfrey Phillips with a stop loss below Rs 905 for target of Rs 950

Buy NIIT Tech with a stop loss below Rs 1169.5 for target of Rs 1225

Sell GAIL India around Rs 327 - 329 with stop loss of Rs 336 for target of Rs 312

We provide you sure shot Commodity & Equity Market Tips, Intraday tips, share market tips, Mcx bullion tips, Mcx tips, Crude tips, Stock tips, Future and Cash tips with Technical & Fundamental Research.

Visit: www.ripplesadvisory.com

Contact us @ +91-9644405056

Source: Moneycontrol