DK Technical Analysis by Dhananjay Kadam

BTST STOCK

BUY MANORAMA

NEAR 565-570

Stop loss 545


TGT 59-95-600-610

Buy SHAILY

Between 580--595

SL 555

TGT 654

TF 16 days

Sending 1 delivery stock for short term after 3 pm

Stay connected 🙏

Ath of Jindal Drilling was 1085 in 2008

Buy and hold Jindal Drilling /Jindrill cmp 768
🎯 810-915-1000 +
Sl 714 on daily closing basis

52 week high is 915

Buy and hold Jindal Drilling /Jindrill cmp 768

sharing one more oil exploration company which has not moved in this crude rally away from 52 week high

Crude oil prices high increased by 3 $ today during day good for oil exploration companies..

Zomato

looks good with SL 175

For short term delivery (CMP 188)

Cash Intraday

Buy LOKESH MACHINE

near 462--464

SL 457

TGT 471-74-77-81

Buy and hold Aster Dm health care cmp 521 and add more in dips up-to 515 for swing
intraday + swing
🎯 537-558
sustain above 558 even 642 may be possible in momentum
Sl 510 on daily closing basis

🔥Breaking News 🔥

ISRAELI STRIKES ON IRAN

- Explosions reported in Isfahan Province in Central Iran

- Near-simultaneous reports of blasts in Iraq and southern Syria

- US official confirms to ABC News that Israel carried out strike inside Iran

- Iranian state-linked media confirm explosion in Isfahan

- Significant re-routing of commercial planes amid closure of key parts of Iranian airspace

- Oil price surges by nearly 4% amid concerns of further escalatio

 
·      Network 18 Q4 Results – Company  reported Q4 Net loss Rs95.95cr vs loss Rs36.78cr, income Rs2420cr (up 64% YoY and other Income Rs161cr vs Rs22.5cr (YoY)
 
·      Bajaj Auto announced better than expected Q4 Ebitda and Ebitda margin – Company reported Revenue up 29% at Rs 11,485 crore - estimate: Rs 10958.8 crore. Ebitda up 34.3% at Rs 2,306 crore - estimate: Rs 2,160cr.  Ebitda Margin at 20.1% vs 19.3% - estimate at 19.7%. Net profit up 35% at Rs 1,936 crore-  estimate: Rs 1,817 cr. Recommended a dividend of Rs 80 per share.
 
·      ICICI Securities Q4 Earnings (Consolidated, YoY) -  Net profit at Rs 537 crore vs Rs 263 crore (Bloomberg estimate at Rs 478 crore). Total income up 75% at Rs 1,544 crore vs Rs 885 crore. Board approved the re-appointment of Vijay Chandok as MD and CEO, effective May 7. Board approves appointment of T. K. Srirang as the joint MD effective May 1 for five years.

 
·      Veranda – Company announced that its subsidiary has entered into a business transfer agreement with Logic Management Training Institute. The Veranda unit will acquire business operations of Logic Management Training – positive.
 
·      Ramkrishna Forgings – Company has signed an agreement to supply power train components to USA's largest electric passenger vehicle producer. This deal signals the company's debut in US' electric vehicle market. This landmark approval signifies the company's position into the electric passenger vehicle segment with a strong emphasis on powertrain components.- positive
 
·      Sterling Tools - Company has signed a MoU with South Korea's Yongin Electronics for EV components facility. Partnership expected to generate Rs 250 crore in business over next 5 years.- positive
 
·      Droneacharya Aerial – Company is in pact with CBAI Technologies Pvt. Ltd. for 200 type certified drones over a span of three years. – positive
 
·      HDFC Life Insurance-  Company's board has unanimously approved the appointment of Keki Mistry as the chairperson with immediate effect, subject to approval of the Insurance Regulatory and Development Authority of India as Deepak Parekh has decided to step down as the chairperson and non-executive director of the company – Long term positive
 
·      Marksans Pharma - The USFDA's inspection at the company's manufacturing facility in Goa closes with five observations. – Long term positive
 
·      ITC Unit Infotech to buy Blazeclan Technologies for $58m – ITC unit Infotech to buy Blazeclan Technologies for Rs485cr via a share purchase agreement of 100% equity to boost cloud capabilities. - Positive
 
·      Endurance Technologies – Company has approved capacity addition for aluminium die casting and machining parts at a cost of Rs 63.1 crore. – positive
 
·      Jubilant Pharmova's – Company’s US subsidiary, Jubilant Cadista, is to stop manufacturing operations of its solid dosage formulation facility due to pricing pressure. Jubilant Cadista is to continue sales and marketing operations for US market. – positive
 
·      Tata Motors - Company plans to manufacture Jaguar Land Rover luxury cars at its new plant in the southern Indian state of Tamil Nadu. It was not immediately clear which JLR models will be built at the factory, the report said
 
·      Bharti Airtel  - Company signed a pact with Dialog and Axiata Group to merge Sri Lanka operations. Dialog will acquire 100% of the issued shares in Airtel Sri Lanka. Dialog will issue shares worth 10.36% stake to Bharti Airtel via share swap. Sri Lanka's Telecom Regulatory Authority has already approved the proposed merger – positive
 
·      Expect positive for IOC, HPCL, BPCL, Reliance Industries - Gross refining margins recovered 25% from a week ago to $4.5 per barrel as of Thursday, helping improve the margins of oil marketing. Singapore gross refining margins, which are a benchmark for profitability in the Asian refining industry, had fallen 50% to $3.6 per barrel by April 12 from $7.3 per barrel on March 1, according to analysts' data sourced from Reuters. However, there are recent signs of a rebound, as on Thursday, GRMs surged 25% from a week ago to $4.5 per barrel from the levels seen just a week ago.
 
·      HDFC Life announced lower than expected AUM growth and VNB Margin. Company reported Q4 Net profit Rs412cr (up 24.8% YoY), VNB Margin 26.1% vs 29.3% - expectation 26.7%, VNB Rs1234cr (down 18.3% YoY), Total APE Rs4727cr (down 8.4% YoY). Company’s AUM at Rs2.92tn, up 4.3% (QoQ).
 
·      Infosys announced lower than expected Q4 Ebit and Reveneu. However, company reported inline with expected Ebit margin. Company reported Revenue Rs 37,923 crore (down 2.3% QoQ) - Estimate: Rs38800cr, EBIT Rs7621cr (down 4.3% QoQ) - Estimate: Rs 7,900crore. EBIT margin at 20.1% versus 20.5% - Estimate: 20.50%. and Net profit Rs7975cr (up 30.5% QoQ) – expectation Rs6300cr.

 
·      GMR Airports Infrastructure: The company's Delhi, Hyderabad, and Mopa airports reported increased passenger traffic and handled the highest-ever cargo volumes in FY 24. – positive
 
·      BSE: The company clarified that the CEO doesn't endorse any investment advisory communication based on a fake video of MD and CEO Sundararaman Ramamurthy being circulated on social media.- Any sharp decline will be buying opportunity
 
·      Rail Vikas Nigam: The company signed a MoU with Turkish engineering consulting and contracting firm TUMAS India for collaboration in public transportation and infrastructure projects in India.- positive
 
·      Container Corporation of India: The company signed a MoU with PSA Mesa Supply Chain to collaborate in offering seamless and cost-effective end-to-end logistics services to customers. – positive
 
·      SJVN: The company’s unit incorporated a JV with an Assam power distribution company named “SGEL Assam Renewable Energy Limited” to carry out business in the field of power generation from all renewable energy sources, including hydropower, by setting up power plants. – positive
 
·      Hinduja Global Solutions: The company’s unit entered into an agreement to acquire 51% of Seven Star Balaji Broadband for Rs 18.36 cr. The acquisition will open growth opportunities in internet services, especially in Mumbai. – POSITIVE
 
·      Mahindra Lifespace Developers: The company sold homes worth Rs 350 crore at the Bengaluru project in 2 days. – Positive
 
·      Federal Bank: The company received an RBI nod to open a representative office in Saudi Arabia. – positive
 
·      Vesuvius India: The company inaugurated a new Mould Flux plant in Visakhapatnam to increase investment outlay to up to Rs 1,000 crore to strengthen manufacturing capabilities in India. – positive
 
·      Landmark Cars: The company’s Q4 pro forma revenue was up 8.2% at Rs 1,311 crore and partnered with three new OEMs and entered new geographies in FY24.- positive
 
·      LTIMindtree  - Company partnering with Vodafone to deliver connected, smart IoT and Industry X.0 solutions – positive
 
·      Trent -  The Tata group is in talks to buy a stake or entire holding in the apparel business of Fabindia. The deal could value the business at lower than the $2.5 billion valuation in an aborted IPO – Positive
 
·      Muthoot Finance update on USD 2 billion GMTN programme – Company has approved the update of the existing GMTN Programme aggregating to US$2bn. The Programme agreement and other Transaction Documents to be executed with respect to the GMTN Programme and proposed to be listed on NSE IFSC.- positive
 
·      DreamFolks – Company announced a strategic partnership with RedBeryl, a pioneer in luxury lifestyle and personalized services, to provide luxury experiences to its customers – positive
 
·      IREDA – Company has opened an office in GIFT City to finance green hydrogen and renewable energy manufacturing projects. The office will specialize in debt options in foreign currencies
 
·      South India Bank – Company has partnered with South Indian Bank for financing dealers. The company has signed a MoU to provide financing to dealers under the bank's dealer finance programme,  – Positive
 
·      Power Mech Projects – Company has secured orders valued at Rs 232.03 crore, comprising various projects including the construction of power house and balance of plant at a thermal project and coal handling plant – positive
 
·      Capacite Infra – Company won Rs549cr of orders - won Rs226cr contract from Macrotech Developers for a residential project in Mumbai and  also received a Rs293cr contract from the realty division of Raymond Ltd. for a residential building – Positive 
 
·      ITC – Company may consider investing in neighbouring countries to power the expansion of its FMCG business beyond the Indian shores. To begin with, ITC is manufacturing biscuits (Dark Fantasy) in Nepal through the company’s subsidiary Surya Nepal Private Ltd. Puri indicated the company will look at proximal markets for the FMCG expansion.

Selling pressure was seen in the last hour of sessions amid geo-political tension in the Gulf region and ahead of IT major Infosys and two-wheeler major Bajaj Auto Q4 results to announce in the post market today. All the major sectors like auto, FMCG, banks, realty, oil & gas, mid-cap, small-cap, and healthcare Indices declined sharply from the intra-day high. Nifty slipped 150 points or 0.7% to close below the 22200 level at 21995 while touching intra-day high of 22326. However, global markets bounced after a fall seen in the last few sessions due to fall in oil prices to a 2-week low below $87/bbl and the hope of reducing geo-political tension.  Telecom stocks witnessed fresh buying. Bharti Airtel surged 5% to close record high of Rs1265. FIIs were net sellers Rs4260cr while DIIs were net buyers Rs2285cr previous day.
 
·      FPO open – Vodafone Idea FPO day1 subscribed by 26%.
 
·      Results Today –Wipro, Jio Financial Services, HDFC AMC, Elecon Engineering and Sejal Glass
 
·      Major Events India  -  First phase of Lok Sabha votes, Gokulds Export QIP
 
·      Actionable BUY –  L&T, RK Forging, Polycab, Power Grid, Bajaj Auto
 
·      Corporate Action –Naapbooks: Bonus 2:1, Pulsar International: Stock Split Rs.10 to Rs.1, Schaeffler India: Dividend Rs.26 and Shukra Pharma: Bonus 3:1.
 
·      Brokers Radar – Power Grid TGT by Goldman Sachs at 355. Bajaj Auto – Jefferies TGT at 10500, JP Morgan TGT at 10000, Goldman Sachs TGT at 9600. Infosys – Jefferies TGT at 1630, JP Morgan TGT at 1700, Morgan Stanley TGT at 1750. HFFC Life TGT by Morgan Stanley at 750. HSBC TGT on Apollo Hospital at 7475.
 
·      Global Data – Bloomberg April Economy Survey  (US). Retail Sales in Auto (UK). PPI (Producer Price Index) – Germany. 
 
·      Market Summary – NSE to launch Nifty Next 50 derivatives from April 24. Bajaj Auto announced better than expected Q4 Ebitda and Ebitda margin.  Infosys announced lower than expected Q4 Ebit and Reveneu. However, company reported inline with expected Ebit margin. Power Grid Corp bags 3 transmission projects under tariff-based competitive bidding. JSW Steel’s $900m  loan said to be marketed to Further Syndicate. Tata in talks to buy Fab India Apparel Stake: BusinessLine. IREDA Opens Office in GIFT City to Finance Green Projects. Tata Motors Plans to Make JLR Cars in Tamil Nadu Plant: Reuters
 
·      Stock exchange NSE said on Thursday that it will launch the derivatives contracts based on its Nifty Next 50 index from April 24, with approval from capital market regulator Sebi in place.
 
·      HUDCO: Department of Public Enterprises has granted the Navratna Status to HUDCO.- positive
 
·      Power Grid - Company securing three inter-state transmission projects under tariff-based competitive bidding in Rajasthan and Gujarat. The company's board approved raising up to Rs12,000 crore via bonds during FY24-25 in one or more tranches.
 
·      JSW Steel’s $900m Loan Said to Be Marketed to Further Syndicate - A group of eight banks that lent $900 million on JSW Steel has started further syndication of the loan to more lenders. Company planned to use proceeds to refinance existing debt and general corporate purposes – positive.
·      Infosys: The company's arm will acquire a 100% stake in In-Tech Holding GmbH, engaged in engineering R&D services. NEARLY $450mn  - long term positive
 
·      Nestle: The company clarified media reports and reaffirmed its commitment to high standards of nutrition, quality, and safety. It also mentioned that the media reports had no material impact on its operations or performance. – Expect volatile on the stock
 
·      Gokaldas Exports: The Bengaluru-based apparel maker has launched a qualified institutional placement to raise Rs 600 crore. The issue price has been set at Rs 775 a share, 4% diescount yesterday closing price at Rs790