Friday 21 October 2022

Uptrend likely to continue if Nifty holds 17,500

The Nifty50 on October 21 started off on a positive note but weakness in European counterparts weighed on the sentiment in the later part of the session. The index eventually settled flat with a positive bias amid caution ahead of the long weekend, thereby extending the uptrend for the sixth consecutive session.

The index formed a small-bodied bearish candle on the daily charts as the closing was lower than the opening levels. The Nifty50 seems to have taken good support at 17,500-17,400 levels now, hence if it holds the 17,500 mark in coming sessions then the index can easily march towards 17,700-17,900 levels, experts said.

On a weekly basis, the Nifty50 has seen the formation of a decent bullish candlestick pattern, indicating that 17,900 is going to be the next stop for the index. It recouped all its previous week's losses and closed with 2.27 percent gains during the week.

On the broader markets front, however, there was underperformance compared to benchmarks. The Nifty Midcap 100 index was down 0.7 percent and Smallcap 100 index fell 0.14 percent amid weak breadth. About two shares declined for every share rising on the NSE.

The Nifty50 opened higher at 17,623 and hit an intraday high of 17,670, but some profit booking in the later part of the session pulled down the index up to 17,521 intraday. The index finally closed at 17,576, up 12.3 points.

"The Nifty successfully surpassed the 20 and 50 days SMA (simple moving average) resistance mark which is largely positive. It has also formed a long bullish candle on weekly charts that suggest further uptrend from the current levels," Amol Athawale, Deputy Vice President - Technical Research at Kotak Securities said.

Wednesday 19 October 2022

Indian stock market may continue to outperform in Samvat 2079

India's equity market is expected to continue outperforming global peers in the Hindu calendar year of Samvat 2079, aided by strong corporate earnings, analysts said.

Profit is likely to grow over 20 percent in 2023, led by strong credit offtake and a revival in private capital expenditure.

However, money managers expect volatility in returns from the equity market to remain high, given concerns over an impending global recession and geopolitical flashpoints in Europe and Asia.

The benchmark stock indices were resilient in Samvat 2078, with the Sensex and the Nifty losing about 1.89 percent and 2.59 percent, respectively, since last Diwali.

Although these were the first negative returns since 2016, the MSCI Emerging Markets index dropped 31 percent while the MSCI ACWI index lost 25 percent during the same period.

For global equities, Samvat 2078 turned out to be a challenging year, given headwinds including rate hikes, the energy crisis, the Russia-Ukraine conflict, continued supply disruptions, outflows from foreign investors, and heightened inflation.

End of cycle

Morgan Stanley said recently stocks in emerging markets and Asia excluding Japan are close to completing their bear market cycles. Nomura Research said Asian equities, including chipmakers, may bottom in the next few weeks after reviewing indicators on the last 12 US recessions and five chip cycles.

"... over the medium-term (>12 months), we see risk-reward quite attractive on Asian stocks. Assuming China does reopen sometime in early 2023 and stocks attempt to anticipate the end of the US recession (NMR: 4Q23), it is likely that a sustained recovery in Asian stocks may occur sometime in the first half of 2023," Nomura Research said in a report.


Tuesday 18 October 2022

Nifty forms bullish candle, 17,500-17,600 crucial area for further upside

The Nifty50 index is now closer to crucial area of 17,500-17,600 levels. If it manages to surpass this area, then it can gradually march towards 17,800-18,000 levels in coming sessions, with near term support at 17,300 followed by crucial at 17,000, said experts

The Nifty50 had more than 100 points gap up opening and decisively crossed more than couple of earlier swing highs to close with a percent gains, forming small bodied bullish candle on the daily charts on October 18. The 50-share NSE benchmark index extended uptrend for third session in a row, tracking positive mood in global counterparts, but failed to sustain 17,500 mark at close.

The index is now closer to a crucial area of 17,500-17,600 levels. If it manages to surpass this area, then it can gradually march towards 17,800-18,000 levels in coming sessions, with near-term support at 17,300 followed by crucial at 17,000, experts said.

The rally was seen across sectors with Bank, Auto, FMCG, IT, Metal and Oil&Gas indices gaining 1 percent each, while the broader markets were also strong with the Nifty Midcap 100 index rising 1.15 percent and Smallcap 100 index climbing 0.8 percent.

The Nifty50 opened higher at 17,439 and jumped up to 17,528, an intraday high. The index rose 175 points to 17,487, the highest closing level since September 22, taking total three-day gains to around 3 percent.
"In terms of the Fibonacci retracement, 61.8 percent retracement of the entire September decline i.e. 17,580 is expected to keep the current bounce in check," said Gaurav Ratnaparkhi, Head of Technical Research at Sharekhan by BNP Paribas.

Thursday 13 October 2022

Nifty forms bearish candle, sharp weakness possible below 200 DMA

The Nifty50 remained under selling pressure throughout the session on October 13 and fell more than 100 points, but defended not only recent low of 16,950 but also 200 days moving average (DMA - 16,987), tracking weak Asian cues. If these levels get broken then sharp selling pressure can't be ruled out in coming sessions, till then consolidation and volatility is expected to continue, experts said.

The index has formed bearish candlestick pattern on the daily charts as the closing was lower than opening levels. Banking & financial services, select IT and FMCG stocks weighed down the market.

The broader markets also traded in line with benchmarks as the Nifty Midcap 100 index was down 0.7 percent and Smallcap 100 index fell 0.4 percent on weak breadth. About two shares declined for every share rising on the NSE. The Nifty50 opened lower at 17,087 and hit a day's low of 16,957 amid volatile and rangebound session. The index settled at 17,014, down 109 points
The Nifty50 remained under selling pressure throughout the session on October 13 and fell more than 100 points, but defended not only recent low of 16,950 but also 200 days moving average (DMA - 16,987), tracking weak Asian cues. If these levels get broken then sharp selling pressure can't be ruled out in coming sessions, till then consolidation and volatility is expected to continue, experts said.

The index has formed bearish candlestick pattern on the daily charts as the closing was lower than opening levels. Banking & financial services, select IT and FMCG stocks weighed down the market.

The broader markets also traded in line with benchmarks as the Nifty Midcap 100 index was down 0.7 percent and Smallcap 100 index fell 0.4 percent on weak breadth. About two shares declined for every share rising on the NSE.

The Nifty50 opened lower at 17,087 and hit a day's low of 16,957 amid volatile and rangebound session. The index settled at 17,014, down 109 points.

Wednesday 5 October 2022

Stocks to Watch Today | D-Mart, KEC International, NCC, HDFC

KEC International: The infrastructure EPC company has secured orders worth Rs 1,407 crore across segments. The transmission and distribution segment received orders from the Middle East, while the railways business has bagged an order for signaling and telecommunication works. Its year-to-date order intake now stands at Rs 8,400 crore.Dilip Buildcon: The road construction company through its joint venture RBL-DBL has received a letter of acceptance (LOA) for its Surat Metro Rail Project in Gujarat. The order is worth Rs 1,061 crore.Vedanta: The company said its alumina production at Lanjigarh refinery decreased 11 percent YoY to 4.54 lakh tonnes due to scheduled maintenance, and at Zinc India, reported highest-ever second quarter mined metal production at 2.55 lakh tonnes, up 3 percent YoY, driven by better grades and improved mill recoveries. In the steel segment, its total saleable production increased by 11 percent YoY to 3.25 lakh tonnes on account of the completion of debottlenecking activities in Q1FY23.Avenue Supermarts: The D-Mart operator announced standalone revenue for the quarter that ended September 2022 at Rs 10,384.66 crore, up significantly by 36 percent from Rs 7,649.64 crore in the same period last year. The total number of stores as of September 2022 stood at 302.NCC: The company received a new order for Rs 393 crore in September, which is related to its building division. The company received this order from state government agencies.Bank of Maharashtra: The PSU bank recorded 7.86 percent YoY growth in deposits at Rs 1.95 lakh crore, while gross advances grew by 28.65 percent to Rs 1.48 lakh crore in the quarter ended September 2022. The total business during the quarter increased by 15.93 percent to Rs 3.44 lakh crore.
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Friday 30 July 2021

What To Expect From Fast & Furious 10 up-date by bollywoodhomes.com

With F9 now out, here's everything we know about Fast & Furious 10. The car-centric series has come a long way from its street-racing roots when it debuted in 2001 with Rob Cohen’s The Fast and the Furious. Two decades after, it has become a fully-fledged multi-media action-adventure franchise with a legion of fans all over the world.

Over the course of the past 20 years, the Fast and Furious franchise has transformed itself from a movie about street racing and boosting DVD players to one of today’s most profitable and off-the-walls cinematic experiences with a slew of sequels, spinoffs, television shows, video games and more. With the arrival of F9, you can’t blame us for wondering what is to come next for Vin Diesel’s Dominic Toretto and crew in Fast And Furious 10.

And while we don’t yet know how things are going to shake out for the band of the DVD player boosters-turned-super spies in the ninth installment in the Fast and Furious franchise, there is already a vault of information about director Justin Lin's upcoming Fast And Furious 10.

The culmination of the Fast Saga begins with F9; director Justin Lin returns to helm the project, years after exiting it. Aside from Dominic Toretto and his team going up against his estranged brother, Jakob, who is backed by Fate of the Furious villain Cipher, it also sees the return of Han Lue. The long-time member of "La Familia" was deemed dead after his fatal car crash at the end of Fast & Furious: Tokyo Drift; now that he's back, the quest for justice regarding what happened to him is on. Beyond that, Lin is also tipped to spearhead the next two installments of the franchise starting with Fast & Furious 10.

 

As the costly F9 officially kicks off The Fast Saga's final trilogy, all eyes are now on its direct sequel and the adventure it brings for Dom and his crew. Here's everything we know about Fast And Furious 10 thus far. If we were living in an alternate reality, one that wasn't affected by the ongoing COVID-19 pandemic, we would have already seen Fast And Furious 10 in theaters by now, and would be talking about all the ways to watch it streaming instead of quick things to know about its release. Unfortunately, this is the hand we have been dealt and all we can do is take life one quarter-mile at a time.

 

That being said, Fast And Furious 10 was originally slated to be released April 2, 2021, but when F9 was delayed in early 2020, pushing back its release several times before Universal ultimately settled on June 25, 2021, the franchise’s 10th installment was not only pushed back but taken off the release schedule entirely. As it stands, no new release date has been set, but I’m sure we’ll know in due time.

 

Initially, F9 was set to hit theaters in April 2020, but due to the coronavirus pandemic, it was pushed to a June 2021 debut. This created a domino effect in The Fast Saga's current slate. Fast And Furious 10, which should've been already out now had it not been for the global health crisis, was slated for an April 2021 roll-out but has now been delayed indefinitely. While there's no release date has been confirmed for Fast & Furious 10, it has been confirmed by franchise star Tyrese Gibson, who plays driver Roman Pearce, that it will shoot back-to-back with Fast & Furious 11. Production kicks off in 2022, and Universal's previous release pattern indicates the earliest possible premiere could be the summer of 2023.

With only two films left in The Fast Saga, Fast & Furious 10 will more likely see the return of its primary cast, headed by Vin Diesel. It's worth noting that there's no official cast list has been released for the film, but Cardi-B's F9 character is also confirmed for Fast & Furious 10. On the side of the villains, big bad Cipher (Charlize Theron) and Jakob could also factor. Finally, as the Fast & Furious franchise culminates, there's a good chance that Luke Hobbs (Vin Diesel) and Deckard Shaw (Jason Statham) could see themselves back in the mainline of movies.

 

It is hard to say exactly how the ever-expanding Fast and Furious family will fit into the series’ 10th installment just yet but we do know that most of the major players introduced over the years will be back for exhilarating and one logic-defying car chase after another. When plans of the property’s future were revealed in October 2020, Deadline reported that not only would Vin Diesel be returning as patriarch (and Corona enthusiast) Dominic Toretto, but Michelle Rodriguez’ Letty Ortiz, Tyrese Gibson’s Roman Pearce, Chris “Ludacris” Bridges’ Tej Parker, Jordana Brewster’s Mia Toretto, Nathalie Emmanuel’s Ramsey, and Sung Kang’s Han Lue would all be back for another round of heart-stopping action as well.

Aside from being the middle installment of The Fast Saga's last trilogy, Fast And Furious 10 could be the first half of a two-part finale. The franchise was tipped to wrap up with its 10th installment, but Diesel and Universal mined inspiration from Marvel Studios and split its send-off narrative. For Fast & Furious 10, there are rumblings about the series going all out as it goes into space. This is subtly teased in F9 with Roman and Tej's rocket car. Aside from that, there's also the ongoing crusade with regard to delivering justice for what happened to Han — something that's one of the main motivating factors about why Lin wanted to return to The Fast Saga.

During a June 2021 interview with EW, Vin Diesel revealed that franchise newcomer Cardi B will be returning as Leysa in Fast And Furious 10, this time with a more expanded role. There haven’t been any other confirmations for the Fast And Furious 10 cast at this time, but Diesel did say nothing has been ruled out when asked if Paul Walker’s daughter, Meadow, would be joining the franchise during a separate interview with E! News.

Upon its release, Fast And Furious 10 will be a part of something much larger than one supersized action-adventure film; in fact, it will be the first chapter in a two-part finale for a franchise that kicked off 20 years ago. When news first surfaced that Universal Pictures was planning to complete the Fast and Furious franchise (at least the mainline series) in the very near future, Deadline reported that instead of taking a traditional sequel model for the final two installments, longtime franchise director Justin Lin would tell one big story over two movies, starting with Fast And Furious 10.

No one attached to the project has revealed what exactly will go down in Fast And Furious 10 or if the 11th movie installment in the franchise (12th movie overall if you include Hobbs and Shaw) will even be called Fast and Furious 11, but the idea of having something akin to Avengers: Infinity War and Endgame in the “Fast Saga” sounds amazing.

It is hard to say exactly when Fast And Furious 10 will land in theaters, and that became even more apparent in April 2021 when director Justin Lin told Variety he didn’t anticipate starting up production in 2021, making it at least 2022 before cameras start rolling on the beginning of the end for the “Fast Saga.” It’s not all bad news with the Fast and Furious 10 production as Justin Lin revealed he and the other parts of the brain trust behind the movie are on the “right track” with the film’s development at this point.

It doesn’t look like the powers that be plan on wasting any time as Fast And Furious 10 and F11 will be shot back-to-back. In a June 2021 interview with Collider, Tyrese Gibson confirmed that even though he didn’t know when the cast and crew would get back together to kick off the final two installments in the mainline series, they will get both in the can in one swoop. Gibson, who joined the Fast and Furious family with 2003’s 2 Fast 2 Furious, also made it seem like this would be another globe-trotting adventure, hinting at multiple continents being included.

Will The Rock And Jason Statham Return For Fast And Furious 10?

Unless Justin Lin has been able to pull off a miracle and prevent word from getting out about Dwayne Johnson and Jason Statham being in F9, it doesn’t look like we’ll be seeing Luke Hobbs or Deckard Shaw go toe-to-toe with Jakob Toretto or Cipher (Charlize Theron) in the June 2021 action flick. That doesn’t mean we have seen the last of the two characters in the mainline Fast and Furious movies, which is something Lin touched on when speaking with CinemaBlend’s ReelBlend podcast in June 2021:

I think that’s always been our approach. … So many of the conversations I have is about characters that are not even in there, but are still, obviously, they are living and breathing in this universe. On this one, when I came back, I was thinking a lot about Hobbs and Shaw, and all of the other characters. I never think of them as being gone, for sure.

There has been a great deal of speculation surrounding the possible return of both actors with Fast And Furious 10 with Jason Statham going as far to say he’d love to join the “Merry Men and Ladies” of the crew, especially director Justin Lin. There has also been buzz surrounding Dwayne Johnson’s return ever since January 2021 when Vin Diesel shared an image of Dom Toretto and Luke Hobbs with a caption saying he was “excited for what’s coming.”

 

Fast And Furious 10 Won’t Be The Last Movie In The Fast And Furious Franchise

Even though the mainline Fast and Furious story will be coming to a close following the release of the 10th and 11th films in the franchise, this doesn’t mean the universe that has been created and built up over the course of the past 20 years is going anywhere anytime soon. In fact, there are multiple spinoff movies in the works at this time.

First, there’s the follow-up to the successful Hobbs and Shaw, which brought in $759 million worldwide in 2019, per Box Office Mojo. And while it appears we’re still some time out before we see the odd couple of the action genre return for Hobbs and Shaw 2, a sequel has been in the works going back to March 2020. Then there is the long-in-the-works female-led Fast and Furious spinoff, which admittedly sounds like the right call considering all of the great female characters introduced over the years.

When addressing the future of the Fast and Furious franchise during an June 2021 interview with Vulture, Vin Diesel touched on a potential story that has reportedly been discussed as far back as 2009’s Fast and Furious, but stopped short of saying if that story would be a prequel of spinoff, only saying:

I will say that there is nothing that is off the table.

No matter which direction the franchise takes if the Fast and Furious movies continue following the upcoming final chapters of the mainline series, everyone agrees on what any potential spinoff should be about.

 

Tyrese Gibson And Ludacris Want To Take Fast And Furious 10 To Africa

Nothing has been revealed about any of the locations that will be featured in Fast and Furious 10, but if two of the most tenured members of the Fast and Furious family know where they want to take the franchise. During a June 2021 interview with SiriusXM, Tyrese Gibson revealed that he and Ludacris, who appears as tech-whiz Tej Parker, want to take the franchise to a certain African nation, stating:

I think me and Luda’s always had this idea, think it’s time for us to head to Africa. South Africa needs some love, some real estate and be in on this franchise. It could be really amazing to figure out something that we can do in South Africa. Cape Town, just somewhere that’s just got one of those beautiful skylines with ocean. Just the Fast and Furious package.

Later on in the interview, Tyrese Gibson explained how going to Brazil in Fast Five felt like a homecoming for co-star Jordana Brewster and that he thought it would be amazing to do something like that in South Africa.

We will have to see about the Hobbs and Shaw sequel and potentially great female-led spinoff movie once we know how Universal Pictures plans on approaching the Fast and Furious franchise as production on Fast And Furious 10 begins to gear up at some point in the near future. In the meantime, now is the perfect time to go back and watch all the Fast and Furious movies streaming. And don’t forget to check out the latest information about the release of F9 and all those upcoming Marvel movies on CinemaBlend’s 2021 movie schedule while you’re at it.

 

Saturday 24 July 2021

Today’s top stock advisory idea

 UltraTech Cement: Margin outlook continues to improve

-       UltraTech Cement (UTCEM) continued to improve its costs and margins in 1QFY22; it reported the highest ever EBITDA/unit of INR1,536/t (+8% YoY) during the quarter. Coupled with volume growth of 47% YoY, this led to 59% YoY growth in EBITDA. 

-       Market share gains should continue, aided by the ongoing 20mtpa expansion program, which should drive a 13% volume CAGR over FY21-24E.

-       We estimate a 15%/26% CAGR in consolidated EBITDA/PAT over FY21-23E, driven by a 13% volume CAGR, better realizations, lower operating costs, and lower interest costs.

-       The valuation is reasonable at 13.7x FY23E EV/EBITDA - a 10% discount to its last five years' average. We value UTCEM at 16x FY23E EV/EBITDA to arrive at TP of INR8,770. Reiterate Buy.


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