S&TA Equity Research

01/05/2023

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a decade long consolidation likely to break.
On front: the PSU is undervalued with PEG of 0.36 and 0.63 times book value.

Technically-
On Monthly charts H&S pattern formation happening breakout will likely to take the stock to 195 as T1
Decade range breakout will have T2 which can take the stock to 225

CMF Shows accumulation forming in the stock and thus volume breakout likely
https://in.tradingview.com/chart/RECLTD/dVbkxcUZ-REC-Inverted-H-S/dVbkxcUZ

REC A decade long consolidation likely to break. On valuation front: the PSU is undervalued with PEG of 0.36 and 0.63 times book value. Technically On Monthly charts H&S pattern formation happening breakout will likely to take the stock to 195 as T1 Decade range breakout will have T2 which can take....

23/04/2023

https://t.me/aoiequitymarket/1936

WABAG is a pure-play water technology multinational operator offering a wide range of solutions focused on conservation, optimisation, recycling, etc

20/04/2023

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03/04/2023

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*Sector in News* 🗞

🛢OMC (ONGC, Oil India, etc)-Positive Impact

Brent Crude Rises 7% to $85/bbl

Saudi Arabia and other OPEC+ oil producers announced further oil output cuts of around 1.16 million barrels per day

🔌 *Power sector*

Maharashtra-Prices of electricity increased by 5-20% for Mumbai residents from April 1. Adani Electricity residential users hike will be 5% and 2% in FY24 and FY25 respectively. Tata Power will raise the prices by 10% in 2023-24 and 21% in 2024-25.

🚘 *Auto sector* To remain in focus after better than the estimated sales number. RoyalEnfield's total sales in March rises 7% to 72,235 units, year-on-year.
Hero MotoCorp reports
Total sales at 5.19 lakh units vs Nomura’s estimate of 4.9 lakh units.
TVS Motor reports Total Sales up 3% at 3.17 lakh units vs 3.08 lakh units (YoY)

02/04/2023

Market outlook

Domestic and global market wrap up March on positive note, Dow rose more than 400 points while the S&P 500 and Nasdaq added 1.4% and 1.7%, respectively. Whereas, Indian markets ended FY23 on a strong note with nearly 2% jump on Friday.

Stock markets will remain closed for two days this week on account of public holidays. exchanges will not function on April 4 for Mahavir Jayanti and on April 7 due to Good Friday.

- Week a head

It will be a busy week in the US with nonfarm payrolls, JOLTS job openings, ISM services and manufacturing PMI and external trade data taking the central stage.
Also, inflation rates will be released for some countries and central banks in India will decide on the course of monetary policy . Finally, PMI figures are set to show the state of the manufacturing sector in China, India.

- Fundamentally
Market Valuation too has come off substantially from 24x 1-year forward P/E in Oct’21 to 17x currently (v/s 20x long period average)

- Technically

Nifty has been testing 16800/17000 support levels from quite sometime which will likely to act as critical support.
Meanwhile, Solicitor RSI showing positive diversion. Thus, important resistance to look at will be 17553/17670.
Long term prospective 17882 will be the important VWAP level to break.

Domestic and global market wrap up March on positive note, Dow rose more than 400 points while the S&P 500 and Nasdaq added 1.4% and 1.7%, respectively. Whereas, Indian markets ended FY23 on a strong note with nearly 2% jump on Friday. Stock markets will remain closed for two days this week on accou...

29/10/2022

New batch of AOI starting from 5th Nov' 2022.

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24/10/2022

Diwali pick by S&TA, full report is available at our telegram channel.

https://t.me/staequityresearch/1302

17/10/2022

in News


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🌟 Toys, some chemicals and shipping containers: The government is considering proposals to extend Rs 35,000 crore PLI scheme to different sectors such as leather, bicycle, some vaccine materials, and certain telecom products with an aim to boost domestic manufacturing and create jobs

🌟 5G -connected ambulances will begin service this month, bringing to life a use-case that can save critical patients. The “smart ambulances”, powered by Airtel and Reliance Jio’s 5G networks, will allow real-time streaming of patient health data to hospitals, enabling doctors to advise paramedics in ambulances on the move to administer the required medical aid. Apollo Hospital, which has partnered with Bharti Airtel and Cisco, plans to deploy 15 such connected ambulances in Delhi, Chennai and Hyderabad later this month, and a total of 200-300 by March 2023.

🌟 Cement sector: seasonally weak quarter of July-September has brought good news for cement companies. For one, demand for cement is growing from sectors such as infrastructure and construction. This is therefore, improving utilisation levels at plants.

🏠 Reality sector PE investments in realty dip 25% in 2022 on inflation, interest rate spike. In terms of average transaction size, the sector saw average deals of $191 million in 9M 2022, up 53% over $125 mn in the same period in 2021

🏦 Fintech: UPI opened up new possibilities for India: PM Modi dedicates paperwork-free 75 Digital Banking Units to the nation. Digital Banking Units ( ) will provide end to end digital, small ticket loans. free to engage services of business facilities to expand footprint of DBUs, says Governor at the virtual launch of Digital Banking Units (DBU) by PM

🐄 Dairy sector again hikes prices of full cream & cow milk variants by Rs 2/litre w.e.f October 16. Mother Dairy says industry experiencing a consistent surge in raw milk prices. Increased prices & low rainfall in some Northern states have aggravated the situation

12/10/2022

https://t.me/staequityresearch/1227

🌟 Sectoral view by S&TA

🏦 *Banking sector*: In October so far, the first time that system slipped into deficit was on Monday. Prior to that, the RBI had absorbed a daily average of close to Rs 90,000 crore so far in the month

👨‍💻 *IT sector*: Report says: The quarterly earnings season for India’s outsourcing firms has begun on a cautiously optimistic note. Some American companies might still look to information technology to shed costs as they hunker down for a recession. That means new outsourcing orders

🛢 *Oil & Gas sector*: The government has put up as many as 42 oil and gas blocks for exploration and development through international competitive bidding. The government has not given a timeline for the bidding for the 26 oil and gas blocks. These cover an area of approximately 223,000 square kilometers (sq. km), constituting one of the largest such offerings in recent times. Of the 26 blocks, 18 were carved out by the government and eight have been notified as a result of expressions of interest (EoIs) received from potential investors.

⚕*Pharma sector*: Axis securities says: In Q2FY23, Pharma sector expected to be benefitted by factors like Currency depreciation, fall in raw material prices, low crude prices and correction in shipping prices could add to revenue growth and improvement in gross margins.

🌟 *Life Insurance sector*: Axis securities says, life insurance industry regained growth traction post-entering FY23, growth still appears optically higher for H1FY23, given the lower base in Apr-May’21 (which was impacted by COVID2.0 induced lockdowns). However, given the expected strong demand for protection, annuity and non-PAR products, we expect the growth momentum to continue going forward. We believe the life insurance industry is geared to register robust growth over the long term in light of the under-penetration of life insurance in India as well as due to the higher protection gap.

🌟 *Sectoral view* 🏦 *Banking sector*: In October so far, the first time that system slipped into deficit was on Monday. Prior to that, the RBI had absorbed a daily average of close to Rs 90,000 crore so far in the month 👨‍💻 *IT sector*: Report says: The quarterly earnings season for In...

05/10/2022

🌟 Art of Investing🌟- Understand the difference between- Inside out candle, Indecisive, Piercing candle, Tweezer & Bearish engulfing

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