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Nifty opened positive gap up today at 15766.30 on 9th Jun 2021, index was very volatile after 1st half and made a day low of 15566.90 nifty made a record high of 15800.45 and closed at very important level 15635.35. Resistance for nifty is 16000 and support is 15400 (Closing Basis). Index may test 16200 in coming days.
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9th Jun 2021 MARKET OUTLOOK REPORT Index Open High Low Close Change % Previous close Nifty 50 15740.10 15766.30 15800.45 15566.90 15635.35 0.67% Sensex 52275.57 52401.41 52446.92 51717.07 51941.64 0.64% Nifty opened positive gap up today at 15766.30 on 9th Jun 2021, index was very volatile after 1st half and made a day low of 15566.90 nifty made a record high of 15800.45 and closed at very important level 15635.35. Resistance for nifty is 16000 and support is 15400 (Closing Basis). Index may test 16200 in coming days. Figure. Nifty50 Intraday chart www.imperialfin.com wecare@imperialfin.com +91-9595889988
9th Jun 2021 Sectorial Performance SECTORS CHANGE % 0.94% NIFTYMETAL 1.66% NIFTYREALTY 2.10% NIFTYMEDIA 1.28% NIFTYAUTO 0.81% NIFTYBANK 0.66% NIFTYFINSERVICE 0.50% NIFTYPHARMA 0.31% NIFTYIT 0.23% NIFTYFMCG 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% www.imperialfin.com wecare@imperialfin.com +91-9595889988
9th Jun 2021 Top Trending News ➢DHFL DHFL‘s shares will be delisted from the stock exchanges after Piramal Capital and Housing Finance’s acquitsion is completed. Piramal emerged as the successful bidder for the company. ➢Vedanta National Company Law Tribunal’s Mumbai bench approved the resolution plan submitted by Twin Star Technologies for acquiring Videocon Industries. Anil Agarwal-owned Twin Star Technologies offered to pay Rs 2,962 crores against Videocon’s liabilities of around Rs 62,000 crores. 50% of the overall debt is accounted as debt, the rest is in terms of a guarantee for Videocon Oil Ventures Ltd (VOVL). ➢Bank of Baroda Bank of Baroda will e-auction at least 46 NPA accounts later this month. The bank is looking to recover dues of Rs 597.41 crores. The bank will sell these NPA accounts to asset reconstruction companies (ARCs) / banks / NBFCs or other financial institutions (FIs) on a 100% cash basis. ➢Bank of Baroda Bank of Baroda will e-auction at least 46 NPA accounts later this month. The bank is looking to recover dues of Rs 597.41 crores. The bank will sell these NPA accounts to asset reconstruction companies (ARCs) / banks / NBFCs or other financial institutions (FIs) on a 100% cash basis. www.imperialfin.com wecare@imperialfin.com +91-9595889988
Stocks in Action TOP GAINERS 9th Jun 2021 5.00% 4.00% 4.32% 3.00% 3.44% 2.00% 1.91% 1.64% 1.00% 1.07% 0.00% SBICARD POWERGRID SBILIFE NTPC TITAN TOP LOSERS 9.00% 8.00% 8.00% 7.00% 6.00% 5.00% 4.00% 3.00% 3.73% 3.22% 2.00% 2.66% 2.55% 1.00% 0.00% PETRONET YESBANK GAIL TATAMOTORS ADANIENT www.imperialfin.com wecare@imperialfin.com +91-9595889988
9th Jun 2021 Corporate Actions ➢Rallis India Limited (AGM/Dividend Rs 3 Per Share on 9th jun) ➢Huhtamaki India Limited (AGM/Dividend Rs 3 Per Share on 9th jun) FII/DII/FPI ACTION IN CAPITAL MARKET Category DII FII/FPI Date Buy Value 3936.21 cr 7646.87 cr Sell Value 5563.19 cr 6224.16 cr Net Value -1626.98 cr 1422.71 cr 8 Jun 2021 8 Jun 2021 ➢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. www.imperialfin.com wecare@imperialfin.com +91-9595889988
9th Jun 2021 TCI. Sector: Logistics. Stock Positional target Entry price TCI 450 550 Important Parameter MARKET CAP 3,274.81 CR PE EPS 17.48 BOOK VALUE 140.13 DEBT ROE 14.28 % ROCE 13.20 % 26.01 402.28 CR FUNDAMENTALS. ➢The company has shown a good profit growth of 21.62% for the Past 3 years. ➢The company has an efficient Cash Conversion Cycle of 58.14 days. ➢The company has a good cash flow management; CFO/PAT stands at 1.44. ➢The company has a high promoter holding of 66.71%. ➢The company has a strong degree of Operating leverage, Average Operating leverage stands at 3.11. www.imperialfin.com wecare@imperialfin.com +91-9595889988
9th Jun 2021 TATACOFFEE. Sector: Tea/Coffee. Stock Positional target Entry price TATACOFFEE 178 220 Important Parameter MARKET CAP 3,314.24 CR ROE 9.64 % DEBT EPS 5.40 PROFIT GROWTH 37.68 % CASH 88.80 CR ROCE 11.04 % 73 CR FUNDAMENTALS. ➢The company has shown a good profit growth of 17.11% for the Past 3 years. ➢Company is virtually debt free. ➢Company has a healthy Interest coverage ratio of 25.31. ➢Company’s PEG ratio is 0.89. ➢Company has a healthy liquidity position with current ratio of 3.21. www.imperialfin.com wecare@imperialfin.com +91-9595889988
9th Jun 2021 Disclaimer This document has been prepared for IMPERIAL MONEY PVT. LTD. by Mr. Praveen Dubey NISM (201800048686) is a Research Consultant for Imperial Money 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 Money Pvt. Ltd. Does not carry any responsibility in case to whomsoever using the information of this newsletter content and data www.imperialfin.com wecare@imperialfin.com +91-9595889988