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ACC Ltd.

Gaurang Shah, Sr.Vice President, Geojit Financial Services Ltd:

Currently the stock is trading at about ₹1,400-1,430 plus. My first advice is to, first of all hold on to your investment. Second advice would be that if you have investable amount, and I would request the gentleman investor to add to the current levels and thereby bring down, because you got it at ₹2,500 plus, the stock is trading at about ₹1,400 odd. It’s a perfect time and an advantage to add and bring down your cost of investment and stay invested for long-term.

Ruchit Jain, Equity Technical Research, Wealth Management, Motilal Oswal Financial Services:

During the entire corrective phase, we have seen a relative under performance from ACC, not just last two or three months, but if you look at last one to one and a half year, even when there were times when some of the cement stocks had shown a good rally, but still, the kind of participation was there from other names. ACC did not participate, so that during that relative underperformance, I won’t suggest to add more, but yes, can hold existing portions because momentum readings are oversold. So, these are not the levels where losses should be booked. At least wait for a pullback towards ₹1,700 kind of levels where the 200 DMA for the stock is placed. So, going ahead, if you. At levels of around ₹1,650-1,700 then take a review again what should you do over there?

Ambareesh Baliga, Independent Market Expert

I think a bird in hand is better than two in the bush. So, if you have bought at ₹22 or ₹24 at least, book 50% profit. Ather would be more of an investment bet, whereas Ola is more of a risky trading bet, which has worked out well.

Rahul Veera, Fund Manager – Equity Investments, Nippon India AIF

On Markets

“Broadly, we remain constructive on the markets. Right now, the market is a little bit more event-driven, Twitter-driven. So what could happen in the near term? We are staying a little bit away from too much noise around it. We are just tracking back to the fundamentals, where the medium-term view is much more important than the short-term impact.”

On Various sectors

“We did one very interesting exercise. What we did is we dissected the data from 2011 to 2019, the pre-COVID era, and looked at which sectors are trading below those kinds of 10-year valuations. So out of 800 stocks, NSE-listed names plus some newly listed companies and other data points, we saw that three sectors — IT, FMCG and banking — were the only sectors trading below their 2011–2019 average valuations. Now within that, IT has understandable disruption around it, and FMCG, given that volume growth is somewhere hitting a peak across most of the larger names. Banking seems to be a very, very interesting sector at this point in time. Your credit growth is coming back, overall asset quality and the NPA cycle are much better than previous cycles. So private banks are one of the key themes for us as of now.”

On BSE

“We will continue to hold on BSE. Our view is that exchanges are here to stay. A classic duopoly is going to take some time to change. Considering all the valuations, we believe a hold will be a good call at this point in time.”

Rupee Ends At 93.13/$ Against Friday’s Close Of 92.93/$

Dipan Mehta, Director, Elixir Equities:

That is something that we have been concentrating on, but more than the traditional T&D players. Our focus is on some other renewable energy equipment players, both wind power as well as solar power. Then some of the other companies also, which are in the energy business, something like an ONGC or Oil India as well, which can get a lot of encouragement and SOPs to increase the exploration activity in India. Then there are certain oil field services companies like Deep Industries, these are the companies also which are worth looking into. So energy security could be a big investment theme, and the better way to play it is some of the companies which directly benefit from renewable sources of energy and equipment or otherwise. There’s, of course, the two-wheeler electric companies, Ola Electric and Ather. Ather particularly as done exceptionally well last few trading sessions. Particularly because investors are looking for stories in this particular investment theme.

As a disclosure, we are invested in Suzlon Energy and Inox Wind, and Waaree Energies as well, and looking at other stories also. Another interesting stock which comes to mind is Fujiyama Power Systems. It is one of India’s largest rooftop solar equipment company, and that’s a total retail business. There also they’ve got good growth dynamics, reasonable valuation. Like to just wait for the quarterly numbers for these companies. There could be some, if there’s a softness in the quarter, then stock prices can correct, and that may give a good opportunity for long-term investing

On Solar/EV-themed stocks

Gaurang Shah, Sr.Vice President, Geojit Financial Services Ltd:

Speaking about some names in the auto EV pack, well, we are positive on M&M for a pretty long period of time, and now M&M has got a decent EV product portfolio, as well as in the next couple of years, they are going to increase that offering in the EV segment across different product profiles, so M&M could be one in terms of autos. In terms of pure power play, whatever government has elaborated and whatever government has learned, and we all have learned from this West Asia situation in Iran, Israel and US, aatmanirbhar and self-reliance is something that we need to really focus on. I think there’s an elaborate policy in place, and there will be new policies coming in from the government side. So if I have to name Waaree Energies is something that we are positive on. Players which will enable production of clean and green energy. So, there is a small part in Tata Power. They have gone quite well into solar. Similarly, there are other companies which are planning – nuclear energy is also a theme that was spoken out by the honourable finance minister in last year’s budget and this year’s budget there’s an elaborated budgetary allocation towards nuclear energy as well. So you have names like Torrent Power, you have names like JSW Energy, NTPC. There are quite a few plays that you can look

Ruchit Jain, Equity Technical Research, Wealth Management, Motilal Oswal Financial Services:

Within the EV theme, Ather Energy technically looks quite bullish. We have seen a good relative out performance over last three or four months, in fact, when the entire market was in a corrective phase, the stock relatively held well. And now, and I have seen a good price volume action compared to other stocks within the entire space. So, Ather Energy can buy in a staggered manner with maybe 30 to 40% of quantity, whatever he wants to buy at current levels. And if we get any dip towards ₹800 level, look to add more on declines. So, Ather looks good over here. And NTPC, within the power theme or solar theme, could do well if he has a bit mid to long term perspective. Already we have seen some good price wise as well as time wise corrective phase. Downside seems to be limited from hereon, so that stock from a risk reward ratio perspective looks good.

Navkar Corp Q4

Net Profit at ₹14 crore vs loss of ₹18.5 crore (YoY)

Revenue up 92.7% at ₹200.8 crore vs ₹104.2 crore (YoY)

EBITDA at ₹40 crore vs EBITDA loss of ₹19 crore (YoY)

Stock closed 3.48% lower at ₹107.98

Sterlite Tech Launches ‘Neuralis’, a High-Performance Data Centre Portfolio In The US

Fire has broken out at Pachpadra Refinery in Balotra, Rajasthan, ahead of its inauguration, according to ANI.

The Pachpadra Refinery is a Joint Venture between HPCL & Rajasthan Government.

Bank Of Maha Q4

Net Profit up 15% at ₹2,014 crore vs ₹1,493 crore (YoY)

NII up 18.8% at ₹3,702.5 crore vs ₹3,116.4 crore (YoY)

Net NPA at 0.13% vs 0.15% (QoQ)

Gross NPA At 1.45% vs 1.60% (QoQ)

ITC Hotels

Ruchit Jain, Equity Technical Research, Wealth Management, Motilal Oswal Financial Services:

One should hold at current levels. We have already seen a good price wise corrective phase from that high of ₹255-260 to ₹140 and we are now trading around that lower end of that entire range. Maybe we would see some time wise correction or consolation in the short term in the stock. So, if one can wait for another at least two to three quarters, then can expect an up move towards ₹200 kind of levels.

Gaurang Shah, Sr.Vice President, Geojit Financial Services Ltd:

We are extremely positive about the entire hospitality sector. And the fact is that lot of companies, which are associated with this sector, they are undertaking capex, or they are taking over some smaller companies to add to the capex, or construct new assets. We are positive on Indian Hotels. And one thing I would like to add over here is that – in the summer season holidays, travel will be more frequent. People would want to go on holidays, etc. Along with that, I think all the festive seasons and marriage season augurs extremely well for hospitality sector because of the contribution that comes in from F&B that is food and beverages and banquets. So extremely positive on it. ITC Hotels happens to be a strong player. Unfortunately, since we don’t have a coverage, I won’t give specifics, but, we are positive on the sector. Indian Hotels is something that we like.

Gaurang Shah, Sr.Vice President, Geojit Financial Services Ltd

Extremely positive about the sector that is alco beverages, and Radico Khaitan happens to be one of the oldest players, having some very strong and powerful brands, which has actually gained a decent amount of market share and the consumer loyalty or a product recall is very high as far as far as some of the products of Radico Khaitan is concerned. Having said that, like I mentioned, we are positive on the sector. We like United Spirits as a disclosure, but Radico Khaitan is a very strong player. And the good part about this investment on the day is that the gentleman got in at a very decent level. Won’t give specific, since we don’t have coverage.

Ruchit Jain, Equity Technical Research, Wealth Management, Motilal Oswal Financial Services

The overall trend still seems to be positive. Recently, we did see some price wise correction from that high of ₹3,500 to ₹2,600 but the stock seems to have formed a good support base around the recent close. Surpassed its important 50 and 200 EMA in last few trading sessions, and we can clearly see the volumes increasing along with the price. So, this just seems to be a resumption of the broader uptrend after a corrective phase. Technically, if we take the retracement then it gives us a price target somewhere around ₹3,650 so for a potential target of ₹3,650 one should hold on. Maybe can take a review again around those levels.

Here are a couple of stock recommendations by Rajesh Palviya, VP Technical and Derivative Research Axis Securities, Axis Securities:

Buy Jindal Steel with a stop loss of ₹1,265 and a target of ₹1,340-1,350

Buy ABB India with a stop loss of ₹7,170 and a target of ₹7,400-7,500

Sources Say:

HDFC Bank To Move For CEO Re-Appointment After Law Firms Give A Clean Chit

Law Firm’s Report On HDFC Bank Governance Expected By April End

Alert: Mumbai-Based Trilegal, 2 Other Law Firms Were Appointed In March To Investigate Concerns

Alert: Former Chairman Atanu Chakraborty Had Raised Ethical Concerns In His Resignation

Auditor Has Issued Unqualified Report As Part Of The Q4 Results

Alert: CNBC-TV18 Reached Out To HDFC Bank, Comments Awaited

Adani Power overtakes Adani Ports’ market cap, becomes most valuable co in Adani Group

Groww reported its fourth quarter results today.

Its net profit was up 25.5%, while its revenue increased 23.8% sequentially.

here

Rupee depreciates 40 paise against the US Dollar from the opening levels

Here are a couple of stock recommendations by Somil Mehta, Head-Retail Research, Mirae Asset Sharekhan:

Buy Delhivery with a stop loss of ₹458 and a target of ₹510

Buy Indian Bank with a stop loss of ₹928 and a target of ₹1,000

Insecticides India On CNBC-TV18:

Paddy Crop May See Disruption If Rainfall Is Lower, But States Have Enough Groundwater

Cost Of Agriculture Might Rise

Central India’s Dependence  On Rain Is Very High

Dams Are Full Across  The Country Right Now

Raw Material Costs  Higher By Almost 10-12%

There Could Be Further 5% Increase In Input Costs If War Continues

Have Been Able To Pass On The Higher Input Costs To The Customers

The stock is down 3.5% at the moment and has fallen over 5% from its intraday high.

Nifty 50 has slipped below 24,400

Sensex is back at 76,600

Trent, JSW Steel, SBI, Asian Paints and NTPC are the top Nifty gainers, while Jio Financial Services, Hindalco, L&T, Kotak Mahindra Bank, Tata Motors PV are the top losers.

A total of 30 of the 50 stocks are trading with gains.

Manali Petro To Restart Plant-1 Operations After Government Allocates Propylene Supply

Groww Q4

Somil Mehta, Head-Retail Research, Mirae Asset Sharekhan

Buy Delhivery with a stop loss of ₹458 and a target of ₹510Buy Indian Bank with a stop loss of ₹928 and a target of ₹1,000

From The Telegraph:

Contract For Supply Of Six Advanced Submarines To Indian Navy In Advanced Stages

Min Official Says:

‘Negotiations Are On, And The Proposed Deal Is All Set To Be Finalised Soon’

Mazagon Dock & Thyssenkrupp Will Build 6 Advanced Submarines Under P-75i

As Part Of Contract, Thyssenkrupp Will Transfer Submarine’s Design & Tech To India

Alert: Defence Minister Rajnath Singh To Visit Germany From April 21–23

Here are a couple of stock recommendations by Shivangi Sarda, Analyst – Equity Derivatives & Technicals, Broking & Distribution, Motilal Oswal Financial Services:

Buy Federal Bank with a stop loss of ₹290 and a target of ₹307

Buy Power Grid with a stop loss of ₹315 and a target of ₹333

Systematix On CNBC-TV18:

EBITDA Margins Will Likely Compress Across Most Companies

Lupin Is Expected To Be The Strongest Performer, With Approx 60% Earnings Growth

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