#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

#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

Which ones are our top picks? Read on... 🧵(1/n)

#StocksToBuy #StockToWatch

https://twitter.com/ICICI_Direct/status/1753313084524073220

PSU Bank: Outperformance to amplify
🔸Decade long breakout
🔸Nifty PSU Banks vs #Nifty ratio turning up post breakout

Key Performers:
🔸#SBI
🔸#BankofBaroda
🔸#IndianBank
🔸#BankofIndia
🔸#PNB
🔸#MaharashtraBank

#StocksToBuy #StockToWatch

ICICI Direct's Top Picks (Technical) for CY 2024 📈📉
(1/n)

🟧 Reliance Industries Limited

🔸Buying range: Rs. 2500-2575
🔸Target: Rs. 3030
🔸Upside Potential: 18%
🔸Timeframe: 12 months (2/n)

🟧 Hindalco

🔸Buying range: Rs. 545-575
🔸Target: Rs. 675
🔸Upside Potential: 19%
🔸Timeframe: 12 months

🔸ICICI Direct's Yearly Technical Outlook - 2024🔸

After successfully achieving our target of 21400 for Nifty in CY2023. We bring you our CY2024 outlook

(1/n) (2/n)

🟧 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%

ICICI Direct's Quant Yearly Outlook - 2024

🔸Nifty can scale 24200 in CY-2024🔸
(1/n) (2/n)

🟧 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

ICICI Direct's Shubh Nivesh Pick 📈📉:
(1/n)

🔸Stock: Cochin Shipyard
🔸CMP: Rs. 1132
🔸Target: Rs. 1340
🔸Timeframe: 6-12 months
🔸Upside potential: ~18% (2/n)

🟧 Investment Rationale

🔸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

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

Diwali 2023 - Muhurat Picks 🪔🪔

(1/n) (2/n)

🔸L&T
🔸Coromandel International
🔸State Bank of India
🔸Spandana Spoorthy financial ltd
🔸Bharat Dynamics Ltd
🔸TV Today Network
🔸Century Plyboards

Nifty Technical Outlook Report - August 2023 📉📈

(1/n) (2/n)

🟧 Technical Outlook

🔸Nifty is undergoing a healthy consolidation after sharp rally of 19% from March lows

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.

Key stock updates:
(1/n)

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.

(2/n)

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🔻

Gladiator pick: IRFC
(1/n)

🔸Buying range: Rs. 32.80-33.50
🔸Target: Rs. 38
🔸Stoploss: Rs. 30.80
🔸Timeframe: 3 months (2/n)
🟧Technical Rationale:

🔸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

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

A thread🧵👇#TechnicalTuesday #LearnWithICICIDirect [1] What is Volume?

Volume refers to the number of shares or contracts traded in a given period of time.

Ex: A stock had 5 trades in a day

1. 10sh @₹500/sh🔼
2. 5sh @₹490/sh🔽
3. 20sh @₹550/sh🔼
4. 15sh @₹500/sh🔽
5. 30sh @₹510/sh🔼

Total volume for the day - 80 shares

📢IPO Alert

India’s 𝗳𝗶𝗿𝘀𝘁 𝗽𝘂𝗿𝗲-𝗽𝗹𝗮𝘆 𝗿𝗲𝘁𝗮𝗶𝗹 𝗺𝗮𝗹𝗹 𝗥𝗘𝗜𝗧– Nexus Select Trust has launched its IPO today and will close on 11 May 2023 🔔

Nexus Select Trust has:
👉Price band of ₹95-100/unit
👉Investors can bid in multiples of 150 units

A thread🧵👇 [1] What are REITs?

🔸REIT is a trust that owns income-yielding real estate, & operates (mostly) too

🔸New investment option in India

🔸Launched to bring investments in the realty sector by monetizing rent-yielding assets

REITs are like mutual funds but for real estate

Gladiator Pick: Gabriel India Limited
(1/n)

🔸Buying range: Rs. 161-165
🔸Target: Rs. 185
🔸Stoploss: Rs. 152
🔸Timeframe: 3 months
🔸Potential upside: 12% (2/n)

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.

Is the company you’re invested in generating value?💹

Let us look at a detailed method to calculate this return 🔎

The DuPont way!

A thread🧵👇 #LearnWithICICIDirect #FundamentalFriday [1] What is DuPont?

🔶DuPont is an American chemical MNC
🔶Started as a supplier of gunpowder in 1802

They introduced the DuPont method for calculating Return on Equity in the 1914

This was eventually adopted by car majors like Ford

Largest companies by categories in 🇮🇳 (highest market cap)

🔋 Energy → Reliance
🧑‍💻 IT Services → TCS
🏦 Bank → HDFC Bank
🧼 FMCG → HUL
🏦 PSU → SBI
🏠 Housing Finance → HDFC
📱Telecom → Bharti Airtel
💰NBFC → Bajaj Finance
🛣 Infra → L&T
🎨 Paints → Asian Paints

1/6 Largest cos. (2/6)

🚙 Car → Maruti
💊 Pharma → Sun Pharma
💍 Luxury Goods → Titan
🛒 Retailing → Avenue Supermarts
🛣 Cement → UltraTech
🏗 Steel → JSW Steel
💡 Power producer → NTPC
☀️ Renewables → Adani Green
🦾 Industrial products → Siemens
🏠 Real Estate → DLF

🔸Attention Traders!!!🔸

ICICI Direct is launching a cutting-edge trading system where you can set fully automated entry & exit rules
No more worrying or manually making efforts to time the market with the new Scalping tool at ICICIDirect
(1/n) Brokerage of just Rs. 7 flat/order for Intraday & Options
All you need to enter:

1. Entry and profit difference price

2. Quantity to be executed per trade and maximum open quantity you want

That’s it. Sit back & relax. The Algo will keep working for you
( 2/3)

Here is the next part of our series on Fundamental Analysis📈

Let's learn about Discounting Future Cash Flows & DCF Model of valuation

A thread 🧵👇#LearnwithICICIDirect [A] What is Discounting?

Discounting is the method of determining present value of future payments/inflows.

It helps us to factor time value of money.

The value of INR 1,00,000 is more today vis-à-vis having the same amount 10 years down the line

Weekly Derivative Outlook (April 17 - April 21) 📉📈:
1⃣ #nifty
2⃣ #BankNifty

1/n 2/n

🟥 Nifty

♦️ The Nifty extended its gains by 1% in a truncated week & tested our targets of 17800 driven largely by short covering
♦️ Once again financial stocks were major gainers along with mid & small caps, which continued their momentum in the new financial year