Monthly archives for May, 2023
| ROLLOVER ANALYSIS: REMAIN BULLISH AND USE ANY CORRECTIONS TO ACCUMULATE LONG POSITIONS WITH SL OF 18000: HDFC Sec | |
| Company: | Model Portfolio |
| Brokerage: | HDFC Sec |
| Date of report: | May 26, 2023 |
| Type of Report: | Techno-Funda |
| Recommendation: | Buy |
| Upside Potential: | 100% |
| Summary: | Higher open Interest in the Nifty Futures’ as compared to last series (long rollover), Lower stock Futures’ Open Interest (compared to all time highs) despite sharp rise in the Nifty from March 2023 lows, FIIS long to short ratio in the Index Futures at 1.36 (Long build up by FIIS in the Index Futures segment) and aggressive Put writing at 18000 levels indicates that downside is limited in the Nifty and one should continue to remain optimistic for the June series. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | HDFC Sec, Model Portfolio |
| AIA Engineering’s Healthy realization and volume growth to sustain. Buy for target price of Rs 3420: Centrum | |
| Company: | AIA Engineering |
| Brokerage: | Centrum |
| Date of report: | May 26, 2023 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 18% |
| Summary: | AIAE’s technological leadership in high chrome mill internals, strong growth opportunity in mining sector and superior financial metrics are key business moats |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | AIA Engineering, Centrum |
| Astral Ltd is superior in every respect; outlook strong. Buy for target price of Rs INR 1,983: Nuvama | |
| Company: | Astral Ltd |
| Brokerage: | Nuvama |
| Date of report: | May 18, 2023 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 18% |
| Summary: | We remain positive on ASTRA given its: i) market share gains in the core plastic piping business; ii) strong brand recall; iii) product launches (it recently forayed into faucets and sanitaryware, tanks, infrastructure pipes, DWV piping system, valves, and paints to increase its addressable market); iv) strong cash flow and net debt-free Balance Sheet, with an improvement in working capital; and v) robust growth in the adhesives business |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | astral, Nuvama |