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Daily Market Outlook – 18th June 2020

NIFTY: After three volatile sessions, nifty consolidated today and moved in a narrow range of 170 points. At the end NIFTY closed 33 points lower than yesterday at 9881. The nifty moved inside a narrow range of 170 points, opening with a gap down, then moving up to reach the intraday high of 10003 and…

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India Trade Data May 2020

Merchandise exports plunged 36.5% and imports fell 51.1% in May, resulting in a trade deficit of just $3.15 billion. In April, merchandise exports and imports had declined by 60.3% and 58.7%, respectively. Partial start of businesses across the country and orders from markets like the US and the European Union arrest in fall of exports…

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Result Analysis TATA Motors

TATA Motors (In Cr.) 4QFY20 3QFY20 4QFY19 QoQ % YoY% Revenue 62493 71676 86433 -12.8% -27.7% EBITDA 691 7197 8019 -90.4% -91.4% EBITDA Margin (%) 1.1% 10.0% 9.3% (890) bps (820) bps Net Profit -9864 1756 1109 -661.7% -989.4% Net Profit Margin (%) -15.8% 2.4% 1.3% – – JLR: Key performance Indicator 4QFY20 3QFY20 4QFY19…

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Daily Market Outlook – 16th June 2020

NIFTY: The Nifty opened with losses, and then continued its move lower and found support around 9700. From this support level the index had a decent rally of almost hundred points, when finally it closed at 9800+. Yesterdays market action was mainly an identification of support around 9700. We had a wide range bar on…

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Daily Market Outlook – 15th June 2020

NIFTY: The market action on Friday was remarkable. The index opened almost 400 points down, and then spent the whole day recovering these opening  losses, finally closing the day with gains. This means there was an intraday recovery of more than 400 points. For the last few days we have been referring to a large…

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Techno-Funda Research Report | Recommended Stock of the Week (14th June 2020)

Voltas Limited is an air conditioning and engineering company. The Company is engaged in room air conditioners, contract revenue, commercial refrigeration products and sale of services. The Company’s segments include Electro-mechanical Projects and Services; Engineering Products and Services; Unitary Cooling Products for Comfort and Commercial use, and Others. The Company is also engaged in the…

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Weekly Market View – 13th June 2020

Indian Market Outlook: The Key benchmark indices fell over 1% over the week due to Global cues, rising cases of COVID-19, and the United States Federal Reserve’s subdued growth outlook of the US. It projected that the US economy will shrink 6.5% in 2020. The Nifty ending the week 1.67 percent lowers at 9973 points…