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Nifty opened positive gap up today at 15756.50 on 18th Jun 2021, index was very volatile whole day and after made a day high of 15761.50 nifty made a day low of 15450.90 and closed negative at very important level 15683.35. Resistance for nifty is 16000 and support is 15400 (Closing Basis). Index may test 16200 in coming days.
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18th Jun 2021 MARKET OUTLOOK REPORT Index Open High Low Close Change % Previous close Nifty 50 15691.40 15756.50 15761.50 15450.90 15683.35 0.051% Sensex 52323.33 52568.07 52586.41 51601.11 52344.45 0.040% Nifty opened positive gap up today at 15756.50 on 18th Jun 2021, index was very volatile whole day and after made a day high of 15761.50 nifty made a day low of 15450.90 and negative at very important level 15683.35. Resistance for nifty is 16000 and support is 15400 (Closing Basis). Index may test 16200 in coming days. closed Figure. Nifty50 Intraday chart www.imperialfin.com wecare@imperialfin.com +91-9595889988
18th Jun 2021 Sectorial Performance SECTORS CHANGE % 0.91% NIFTYMETAL 0.84% NIFTYREALTY 0.64% NIFTYMEDIA 0.75% NIFTYAUTO 0.14% NIFTYBANK 0.06% NIFTYFINSERVICE 0.36% NIFTYPHARMA 0.58% NIFTYIT 0.29% NIFTYFMCG 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% 0.60% 0.70% 0.80% 0.90% 1.00% www.imperialfin.com wecare@imperialfin.com +91-9595889988
18th Jun 2021 Top Trending News ➢SBI Cards CA Rover Holdings, a U.S. private equity fund and an affiliate of Carlyle Asia Partners may sell a 5.1% stake in SBI Cards today. The deal will be worth around Rs 5,000 crores. ➢Max Financial Services Max Ventures Investment Holdings, promoter of Max Financial Services, sold 78.28 lakh shares of the company, worth Rs 783 crores. ➢Power Grid Net profit of the company was up 6% to Rs 3,526.23 crores for the March 2021 quarter, mainly on the back of higher revenues. Total income up by around Rs 300 crores to Rs 10,816.33 crores. Board has recommended a final dividend of Rs 3 per share for the financial year 2020-21. ➢Nazara Technologies Nazara may acquire Publishme, a Middle East- and Turkey-based mobile gaming publishing agency, for $2.7 million. This will come to a 69.82% stake in the company. ➢State Bank of India SBI has invited bids for two NPA accounts with outstanding dues of nearly Rs 60 crore. ➢Religare Enterprises The company is looking to launch an IPO for its subsidiary, Care GHealth Insurance to raise up to Rs 2,000 crores, according to a media report. www.imperialfin.com wecare@imperialfin.com +91-9595889988
Stocks in Action TOP GAINERS 18th Jun 2021 10.00% 8.00% 8.76% 7.33% 6.00% 4.00% 3.39% 2.00% 2.79% 2.70% 0.00% ADANIENT ADANIPORTS PEL BAJAJ AUTO HINDUNILVR TOP LOSERS 4.40% 4.35% 4.20% 4.29% 4.00% 3.80% 3.88% 3.78% 3.60% 3.70% 3.40% 3.20% SBICARD HINDPETRO ONGC COALINDIA JSWSTEEL www.imperialfin.com wecare@imperialfin.com +91-9595889988
18th Jun 2021 Corporate Actions ➢Orchid Pharma Limited (AGM on 18th jun) ➢Balkrishna Industries Limited (Dividend Rs 5 Per Share on 18th jun) FII/DII/FPI ACTION IN CAPITAL MARKET Category DII FII/FPI Date Buy Value 5107.52 cr 6727.57 cr Sell Value 5062.28 cr 7607.30 cr Net Value 45.24 cr -879.73 cr 17 Jun 2021 17 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
18th Jun 2021 JKLAKSHMI. Sector: Cement. Stock Positional target Entry price JKLAKSHMI 565 700 Important Parameter MARKET CAP 6,939 CR PE EPS BOOK VALUE 176.67 DEBT ROE 14.56 % ROCE 15.97 % 19.07 30.92 1466.72 CR FUNDAMENTALS. ➢The company has shown a good profit growth of 42.09% for the Past 3 years. ➢Company’s PEG ratio is 0.10. ➢The company has an efficient Cash Conversion Cycle of -8.89 days. ➢The company has a good cash flow management; CFO/PAT stands at 4.95. ➢The company has a strong degree of Operating leverage, Average Operating leverage stands at 6.01. www.imperialfin.com wecare@imperialfin.com +91-9595889988
18th Jun 2021 ASHOKLEY. Sector: Automobiles. Stock Positional target Entry price ASHOKLEY 115 140 Important Parameter MARKET CAP 34,404.38 CR ROE 3.08 % DIV. YEILD 0.41 P/B 5.12 BOOK VALUE 22.89 CASH ROCE 4.83 % 1322.47 CR FUNDAMENTALS. ➢Company’s PEG ratio is 0.64. ➢The company has an efficient Cash Conversion Cycle of -15.32 days. ➢FII.FPI or Institutions increasing their shareholding www.imperialfin.com wecare@imperialfin.com +91-9595889988
18th 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