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Sep 13 • 18 tweets • 8 min read
Structural uptrend intact; 27000 in sight by March’25
Our Technical Strategy Report forecasts a Nifty rally to 27,000 by March 2025, backed by strong global markets, solid domestic fund flows, and positive seasonal trends. Bank Nifty is expected to outperform, with mid and small-cap indices also set for gains.
📖Part 1 of this 🧵for deeper insights.
🩷 & 🔄 for better reach!
Stay tuned for Part 2: Sectors in Focus.
Technical Outlook...
🔸#Nifty touched 25078 in August, close to our June target, despite global volatility, while maintaining its structural uptrend.
🔸Our latest report outlines future targets and reaffirms our strategy to buy the dips and ride the #bull market.
🔸Nifty remains on track for our CY30 target of 50000, supported by the decadal cycle projections.
🔸We upgraded our FY25 Nifty #target to 27000, with strong #support at 23400, based on our composite model.
Aug 13 • 12 tweets • 6 min read
"JIO Financial Services : Set to Disrupt the Indian Financial Services Ecosystem”💹
Expanding its product offerings across lending, investments, payments, & insurance space⚡
Key Takeaways from Jio Financial's First Annual Report🧵👇
📌Jio Financial Services Limited
🔸JFSL, as a Core Investment Company (CIC), is a holding company
🔸It will operate its financial services business through its consumer-facing subsidiaries and joint ventures
🔸JFSL is building a customer-first, digital-led, and data & analytics centric financial services organisation
💡“JFSL was built on a substantial net worth of ₹ 1.2 lakh crore and positioned us as one of the world’s highest capitalised financial service platforms at inception.” ~ Mukesh Ambani
Jul 14 • 6 tweets • 3 min read
The #auto industry saw significant activity this week, particularly around #hybridvehicles and pricing strategies. Here's a detailed breakdown of the events - A 🧵
Uttar Pradesh Government's Registration Fee Reduction
🔸The Uttar Pradesh State Government reduced the registration fee for hybrid cars.
🔸Strong hybrids are now treated like electric vehicles (EVs) in terms of registration benefits, leading to zero registration fees for strong hybrids.
🔸This caused a significant drop in the on-road prices of strong hybrids in the state, approximately 10%.
🔸With Uttar Pradesh being the second-largest market for passenger vehicles (PV) in India, accounting for about 10% of total sales, this move is expected to boost the sales of hybrid cars significantly.
Jun 21 • 9 tweets • 3 min read
💹Indian agrochemical industry at the cusp of a turnaround? A 🧵covering:
🔸Current state of agrochemical industry
🔸Industry growth drivers
🔸Management commentary from US Agrochem MNCs
🔸Global demand boost
🔸How will Indian companies benefit from this?
🔸Companies you should look at
🔸Key risks
1/9
Where does agrochemical industry stand?👨🌾
🔸In 2021 and 2022, the agrochemical sales boomed thanks to high chemical prices and steady demand
🔸On top of this, supply-chain disruptions i.e. lower raw material prices, led to higher profitability
🔸However, in 2023, profitability dropped as supply chains normalized & raw material prices increased
🔸China's dumping of cheaper supplies globally worsened the industry's downturn in early 2024
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Apr 21 • 4 tweets • 2 min read
#Adani family infuses ₹8339 cr in #AmbujaCement!
🔸Promoters have infused a total ₹20,000 cr in the company in three tranches over the last 20 months.
🔸Promoters stake have increased to 70.3% now from 63.2% in Dec-23.
A 🧵 on:
💡Decoding the move
📈 View
🩷 & 🔄 for better reach!
💡Decoding the move
The fund infusion and increase in stake suggests promoters' conviction and focus on cement business.
🔸This would also help Ambuja Cement in meeting its capex requirements through internal accruals.
🔸Company’s balance sheet is already strong with cash & bank balance at ₹8500 crore as of Dec-23.
🔸Ambuja plans to increase its consolidated capacity to 140 mtpa by FY28E from 77.6 mtpa at present which implies ~16% CAGR.
🔸Adani Cement targets to increase its market share to 20% by FY28 (from current 14%).
🔸Moreover, company is also in process of investing significantly in other operational efficiency measures like:
- optimizing raw material cost
- increasing share of green power
- non-fossil fuels
- logistical efficiency
Feb 3 • 7 tweets • 3 min read
#Nifty to head for 23400 by June 2024.
🔸Expect bottom in Feb-March with 20500-20800 as strong support
🔸Volatility from hereon should be embraced as a buying opportunity
After successfully achieving our target of 21400 for Nifty in CY2023. We bring you our CY2024 outlook
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🟧 Our target for Nifty in CY2024 is 24,700 with important support at 18,800 levels
Rationale:
🔸Election year median return is 17%
🔸Decadal cycle return is 15%
🔸Chart projection suggest an upside of 16%
Dec 21, 2023 • 5 tweets • 2 min read
ICICI Direct's Quant Yearly Outlook - 2024
🔸Nifty can scale 24200 in CY-2024🔸
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🟧 Outlook
🔸Heavyweight stocks from BFSI, Auto, Cement & Healthcare should lead Nifty towards 24200 levels in CY24
🔸We expect volatility to be sticky around current levels in coming months. Hence in the first half of 2024, one should adopt “Buy on dips” strategy
🔸Execution pick-up of strong order-backlog
🔹With advanced state-of-theart infrastructure, CSL is adept with execution of diversified projects in both ship-building and ship-repair segments
Nov 24, 2023 • 5 tweets • 2 min read
FII ownership in Indian markets currently stand at 16.6%, which is at the lowest share since 2012!
This decline is beyond compensated by strong SIP and MF flows.
A thread detailing the same. 1/n 2/n
Aggregate FII holdings in Indian markets stand at Rs 54.5 Trillion (Lakh crore).
🔸Largest allocation: Financials, Consumer Discretionary and IT (selling since Sep' 2023)
🔸Most inflows: Industrials/ Capital Goods, Construction, Chemicals
🔸Pharma/ Healthcare is muted
Nov 7, 2023 • 10 tweets • 3 min read
Diwali 2023 - Muhurat Picks 🪔🪔
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🔸L&T
🔸Coromandel International
🔸State Bank of India
🔸Spandana Spoorthy financial ltd
🔸Bharat Dynamics Ltd
🔸TV Today Network
🔸Century Plyboards
Aug 14, 2023 • 15 tweets • 5 min read
Nifty Technical Outlook Report - August 2023 📉📈
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🟧 Technical Outlook
🔸Nifty is undergoing a healthy consolidation after sharp rally of 19% from March lows
Jun 30, 2023 • 16 tweets • 6 min read
Wind energy is making a strong comeback. Here's all that you need to know about the sector and our investment thesis on Suzlon Energy.
A thread. 1/n 2/n
♻️⚡️ India's total installed Renewable energy capacity at 2022 end was 166 Gigawatt (GW) comprising of:
- Solar: 62 GW
- Wind: 42 GW
- Biomass: 10.7 GW
- and balance others
To meet India’s publicly announced Green targets, this capacity has to treble to 500 GW by 2030.
Jun 9, 2023 • 6 tweets • 1 min read
Key stock updates:
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1. Kotak Mahindra Bank: Canada Pension Fund to sell 3.3 crore shares, or 1.7% stake in KMB via in a block trade today at a price of Rs 1,792.18 to Rs 1,886.50 each, upto 5% discount on yesterday's closing price
2. Tata Power, Tata Steel: Tata Power Renewable subsidiary to set up 966 MW of hybrid renewable power for Tata Steel - 379 MW of solar and 587 MW of wind power. Positive for Tata Power.
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Jun 8, 2023 • 12 tweets • 3 min read
Satyam Scam costed investors over ₹13,600 Crore📉
It is important for investors to identify Red Flags🔻
Here are 5 such red flags investors need to watch🧵👇
[1] Glossier P&L Statements
👉News headlines often capture by what %age the profits have increased
👉 But they don't cover if corresponding operating cash flows have increased or not
👉 Thus, do see if:
"Cash flow from Operating Activities / EBITDA" ratio is NOT declining🔻
🔸The railway sector has been in focus & outperforming since the Union Budget with the government’s strong focus on railway sector spending
🔸IRFC’s share price is poised at key retracement support & formed a Bullish reversal candle on weekly chart
May 9, 2023 • 16 tweets • 4 min read
Price & Volume are considered king of chart analysis 👑
Why? Because all indicators get constructed by combining them
Let understand:
🔸What is volume
🔸How it confirms trends
🔸Relation to liquidity
🔸Relation with breakouts
Technical rationale:
🔸Auto ancillary stocks have been outperformers of CY22 & witnessed a healthy retracement in the first 3 months of CY23
🔸The stocks are witnessing renewed buying interest in the last 1 month from key support area, offering a favorable R:R set up.
May 5, 2023 • 14 tweets • 4 min read
Is the company you’re invested in generating value?💹
Let us look at a detailed method to calculate this return 🔎