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Techno-Funda Research Report | Recommended Stock of the Week (26th May 2020)

Dr. Reddy’s Laboratories Limited is engaged in providing medicines. The Company operates in three segments: Global Generics, Pharmaceutical Services and Active Ingredients (PSAI), and Proprietary Products. The Global Generics segment includes manufacturing and marketing prescription and over-the-counter finished pharmaceutical products ready for consumption by the patient, marketed under a brand name (branded formulations) or as…

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Daily Market Outlook – 26th May 2020

NIFTY: The market continued its story of moving inside a narrow range, with a significant amount of volatility within the day.  The index opened with a gap down, made a feeble attempt to recover and actually cross 9100 just when the RBI rate cut was announced. When the RBI Governor remarks started the market quickly…

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Weekly Market View – 23rd May 2020

Indian Market Outlook: The Key benchmark indices fell over 1 % over the week dragged by the financials and an escalation in tensions between the US and China. RBI’s decision to increase the moratorium period on loan repayment worried investors, who now fear a major spike in bad loans once that EMI freeze gets over.…

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Daily Market Outlook – 22nd May 2020

NIFTY: The market did nothing today, which is surprising considering that today was a Thursday when the weekly options expire. The NIFTY opened almost at yesterday’s  close, and then moved in a very narrow range throughout the day. Intraday movement were magnified only because the range was narrow. At the end of the day the…

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Daily Market Outlook – 21st May 2020

NIFTY: It was an up trending day in the NIFTY where prices have opened near the low and closed near the high. In the morning, NIFTY opened without much of a gap. The index moved higher for the first hour of trading and then started trading sideways. Again in the late afternoon, prices have seen…

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Daily Market Outlook – 20th May 2020

NIFTY: For the bulls, today’s price action was disappointing. Yesterday, US markets went through her massive rally, thanks to positive news on the corona front. The Indian markets opened better, with a gap up of almost 150 points. Then they built on this gap and crossed 9000. But, the rally was sold into, apparently. The…

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Daily Market Outlook – 19th May 2020

NIFTY: The NIFTY had a day filled with drama. The NIFTY opened almost unchanged from Friday at 9158, and then started a sharp and sudden decline barely one minute after open. The decline never found support, and the index fell 300 points intraday. Finally the index closed at 8823, down 3.43%, almost 313 points. The…

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Daily Market Outlook – 18th May 2020

NIFTY: The NIFTY had a narrow range day on Friday, after opening lower, then begin fairly choppy throughout the day, finally closing with a loss of just 5.9 points, about 0.06%. The index recovered from its intraday lows, to close almost near the break down area of 9150. Has the trading range broken down? Friday…

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Techno-Funda Research Report | Recommended Stock of the Week (17th May 2020)

Larsen & Toubro Limited is a technology, engineering, construction, manufacturing and financial services company. The Company’s segments include Infrastructure, which is engaged in engineering and construction of building and factories; Power, which offers solutions for thermal power plants; Metallurgical & Material Handling, which consists of solutions for ferrous and non-ferrous metal industries; Heavy Engineering, which…