market outlook report 21-12-2020 by imperial finsol pvt ltd
DESCRIPTION
Nifty opened negative Gap down Today at 13741.90 on 21st December 2020, Index made a Day Low of 13131.45 in the closing session a sharp profit booking came in the market when nifty broke its support 13600, now 13100 is new support for nifty and 13300 is a resistance.TRANSCRIPT
MARKET OUTLOOK REPORT
Figure. Nifty50 Intraday chart
Index Previous close Open High Low Close Change %
Nifty 50 13760.55 13741.90 13777.50 13131.45 13328.40 -3.14%
Sensex 46960.69 46932.18 47055.69 44923.08 45553.96 -3.00%
Nifty opened negative Gap down Today at 13741.90 on 21st December 2020, Index made a Day Low of 13131.45 in closing session a sharp profit booking came in market when nifty broke its support 13600, now 13100 is new support for nifty and 13300 is a resistance.
www.imperialfin.com [email protected] +91-9595889988
21st December 2020
Sectorial Performance
4.62%
4.10%
3.27%
2.79%
1.77%
6.20%
5.54%
3.79%
5.25%
0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00%
AUTO (8,745)
BANK (29,456.45)
FINANCIAL SERVICE (14392.60)
FMCG (33151.10)
IT (22844.60)
MEDIA (1586.85)
METAL (3,038.25)
PHARMA (12,278.15)
REALTY (287.85)
SECTORS CHANGE %
www.imperialfin.com [email protected] +91-9595889988
21st December 2020
Top Trending News LARSEN & TOUBRO: MACQUARIE NOTE SAYS – NSDL MADE A MISTAKE AGAIN L&T MANAGEMENT IS SURE THAT THIS 74%
DOESN’T APPLY TO THEM AND THEY ARE ASKING NSDL TO REVISE IT BACK TO 49%
FUTURE RETAIL: DELHI HIGH COURT SAYS AMAZON CAN ASK REGULATORS TO BLOCK FUTURE DEAL || COURT SAYS CAN'T BAR AMAZON FROM OBJECTING TO FUTURE-RIL DEAL
ASTRAZENECA PHARMA: CO GETS DGCI APPROVAL FOR BENRALIZUMAB SOLUTION, INDICATED AS AN ADD-ON MAINTENANCE TREATMENT FOR SEVERE ASTHMA
SPICEJET: CO SEEKS ONE-TIME RESTRUCTURING OF DEBT APPROACHES YES BANK FOR 500-CRORE WORKING CAPITAL LOAN
RAMCO SYSTEMS: IBERIA MAINTENANCE, LEADING EUROPEAN PROVIDER OF MRO SERVICES IN IAG GROUP SELECTS RAMCO AVIATION TO DIGITALLY TRANSFORM ITS BUSINESS OPERATIONS ON A UNIFIED PLATFORM
JUBILANT LIFE SCIENCE: JUBILANT HOLLISTERSTIER MANUFACTURING COVID-19 VACCINES IN THE US (SPOKANE FACILITY) || FACILITY HAS THE CAPACITY TO PRODUCE ANYWHERE FROM 400,000 TO 500,000 DOSES OF A VACCINE PER DAY
NUCLEUS SOFTWARE: CO LAUNCHES NEW OFFERING TO HELP LENDERS CAPITALIZE ON THE BUY NOW PAY LATER OPPORTUNITY
SAIL: CO EXEC SAYS STEEL PRICE INCREASED BY 6500/TN IN Q3 VS Q2 || CO TARGET TO BRING DOWN DEBT TO RUPEES 4000 CR
PNB: APPROVED THE ISSUE AND ALLOTMENT OF QIP || ISSUE PRICE AT RUPEES 35.50/SHARE
21st December 2020
www.imperialfin.com [email protected] +91-9595889988
Stocks in Action
21st December 2020
www.imperialfin.com [email protected] +91-9595889988
1.72%
1.16%
0.78%
0.41%0.00%
0.50%
1.00%
1.50%
2.00%
DMART LTI INDUSTOWER ADANIGREEN
TOP GAINERS
9.24%
8.86%8.72%
8.30% 8.28%
7.80%
8.00%
8.20%
8.40%
8.60%
8.80%
9.00%
9.20%
9.40%
ONGC TATAMOTORS INDIGO BANDHANBANK GAIL
TOP LOSERS
Corporate Actions
Atcom Technologies Limited (AGM Annual General Meeting 21th December)
Visagar Polytex Limited (AGM Annual General Meeting 21th December)
DCW Limited (AGM Annual General Meeting 21th December)
FII/DII/FPI ACTION IN CAPITAL MARKET
Category Date Buy Value Sell Value Net Value
DII 18 Dec 2020 4224.56 cr 6649.17 cr -2424.61 cr FII/FPI 18 Dec 2020 14649.69 cr 11928.74 cr 2720.95 cr
The following is combined Domestic Institutional Investors trading data across NSE, BSE and MSEI collated on the basis of trades executed by Banks, DFIs, Insurance, MFs and New Pension System.
21st December 2020
www.imperialfin.com [email protected] +91-9595889988
Top Picks for Tomorrow
KITEX. Sector: Textile.
Important Parameters:
MARKET CAP PE EPS SALES GROWTH PROFIT GROWTH DEBT CASH 704.90 CR. 7.9 13.40 21.82 % 14.70 % 96.13 CR. 106.55 CR.
FUNDAMENTALS
Company has been maintaining healthy ROCE of 21.95% over the past 3 years. Company has a healthy Interest coverage ratio of 21.38. The Company has been maintaining an effective average operating margins of 26.10% in the last 5 years. Company’s PEG ratio is 0.24. Company has a healthy liquidity position with current ratio of 2.57. The company has a high promoter holding of 55.57%.
Stock Current market price
Positional
target
KITEX
105
128
21st December 2020
www.imperialfin.com [email protected] +91-9595889988
BALAMINES. Sector: Chemicals.
Important Parameter
MARKET CAP PE EPS SALES GROWTH PROFIT GROWTH DEBT CASH 2825.53 CR 19.98 43.64 -3.24% 12.38 % 102.36 CR 7.26 CR
FUNDAMENTALS.
Company has been maintaining healthy ROE of 22.59% over the past 3 years.
Company has been maintaining healthy ROCE of 28.18% over the past 3 years.
Company has a healthy Interest coverage ratio of 13.67.
The company has an efficient Cash Conversion Cycle of 83.49 days.
The company has a good cash flow management; CFO/PAT stands at 1.07.
The company has a high promoter holding of 53.64%.
Stock Current
market price
Positional target
BALAMINES 875 1000
21st December 2020
www.imperialfin.com [email protected] +91-9595889988
Disclaimer
This document has been prepared for IMPERIAL FINSOL PVT. LTD . by Mr. Praveen Dubey NISM (201800048686) is a Research Consultant for Imperial Finsol Pvt. Ltd. This Market Outlook is intended for use only by the person or entity to which it is addressed to. This Document may contain confidential and/or privileged material and is not for any type of circulation and any review, retransmission, or any other use is strictly prohibited. This Document is subject to changes without prior notice. This document does not constitute an offer to sell or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Though disseminated to all customers who are due to receive the same, not all customers may receive this report at the same time. Imperial Finsol Pvt. Ltd. Does not carry any responsibility in case to whomsoever using the information of this newsletter content and data
21st December 2020
www.imperialfin.com [email protected] +91-9595889988