ETS & FINANCE MAP 02 DAILY NEWS & ANALYSIS MUMBAI I I WEDNESDAY, JUNE 12, 2019 www.dnaindia.com twitter.com/dna epaper.dnaindia.com facebook.com/dnaindia I I I Breakout Charts FIVE STOCKS TO WATCH OUT FOR GEOJIT FINANCIAL SERVICES LTD. Open Closed Stock recommendations are by Market investments are subject to risk AVENUE SUPERMARTS FEDERAL BANK JK LAKSHMI CEMENT INTERGLOBE AVIATION KNR CONSTRUCTIONS 1 2 3 4 5 T4.20pts T0.32% S2.25pts S2.14% S4.30pts S1.20% S19.35pts S1.17% T4.30pts T1.51% chg chg chg chg chg 1308 108.5 366.0 1685 289.5 107.45 288.90 1304 107.6 363.8 1679 287.6 106.50 1300 106.7 361.6 1673 285.7 362.70 1676.70 1296 105.8 359.4 1667 283.8 1662.00 281.30 1292 104.9 357.2 1661 281.9 1293.00 358.00 1291.00 1288 104.0 355.0 1655 280.0 9:15 am June 11, 19 15:30 pm 9:15 am June 11, 19 15:30 pm 9:15 am June 11, 19 15:30 pm 9:15 am June 11, 19 15:30 pm 9:15 am June 11, 19 15:30 pm Indigo aggressive capacity addition with focus on international operations and deeper penetration into Tier 2-3 cities will drive strong growth. Rating is Buy and target price is Rs 1,925 Q4FY19 revenue grew by 15% YOY due to pick up in road EPC & irrigation projects. Execution to pick up from FY20 onwards. Rating is Accumulate and target price is Rs 324 Revenue grew at 30.7% YOY aided by robust volume growth at 31.7% YOY but realisation was muted. We maintain Buy rating with target price of Rs 453 We factor 20% CAGR growth in loans & advances and 19% in deposits over FY19-21E. We value the bank at 1.5x Adjusted Book Value of FY21E. Rating is Accumulate and target price is Rs 111 Store additions & debt reduction will continue to support earnings growth while expecting margins to stabilise at current levels. We maintain Buy rating with target price of Rs 1,404 Intra-day movement, share price on BSE in ` IN BRIEF MARKET 15700 15426.38 15300 15040.87 14900 14500 Share price on BSE in ` 14100 265 246.40 13700 Jun 11 225 Jan 1, 19 185 145 105 89.95 65 Jun 11 Jan 1, 19 CHART OF THE DAY Not So Fast Mustafa Nadeem, CEO, Epic Research MSCI Emerging Markets Index 200-day moving average Reliance Infra, Tata Steel, ICICI, TCS to be in limelight today 1070 Bull market or bear market today? 1 The market is oscillating in the range of 12040–11800. Any upside from the current levels would call in for a selling opportunity. It’s likely to be a range play with negative bias. 1035 1000 Stocks likely to be in limelight today? 2 Reliance Infra, Tata Steel, ICICI Bank, HDFC Bank, TCS, Tata Motors and Reliance. 965 Source: Bloomberg Sectors likely to impact market today? 3 930 Metals, Banking, PSU and IT. May '19 Your mid-term view? 4 EM stock rally faces more resistance as trade war simmers It’s a range-bound play in the levels of 12050 to 11800. A decisive breakout can only expand the momentum. Bias and undertones remain in favour of bulls; hence, the upside should be played. It may be too early to get bullish on developing-nation stocks even after they breached the key 200-day moving average level for the first time since February. Another resistance lies near the MSCI Emerging Markets Index’s 38.2% Fibonacci retracement from its April high to May low, according to Tsutomu Soma, general manager of the investment trust and fixed-income department at SBI Securities Co. “The index looks to see some correction, rather than a bullish rebound,” he said. What drove markets on Tuesday? 5 It was a muted play with writers aggressive at 12000–11900. The cues were largely neutral; hence, a squeezed movement. Rajendra Bathula Printed and published by on behalf of Diligent Media Corporation Ltd. Printed at Diligent Media Corporation Ltd, Plot No EL-201, TTC Industrial Area, MIDC, Mahape, Navi Mumbai. Published at Diligent Media Corporation Ltd,135, Continental Building, Dr Annie Besant Road, Worli, Mumbai-400 018. Phone: 3988 8888 Editor : Anto T Joseph
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