Prudent Corporate Advisory Services Limited IPO Company Profile : Prudent Corporate Advisory Services is amongst the top 10 mutual fund distributors in terms of average assets under management AUM as of FY21. The company provides independent retail wealth management services group by offering Mutual Fund products, Life and…
View on market: Stay Cautious, be with quality business: Stocks and U.S. futures fell Tuesday amid concerns about a darkening economic outlook and strengthening dollar. Shares fell in Japan, South Korea and Australia after U.S. equities slid to a 13 month-low. The tech-heavy Nasdaq 100 has shed about…
NIFTY: Nifty opened at 16227.70 wit ha big gap down of 184 points. The index initially moved further lower for almost half an hour and recorded its intraday low at 16142.50.Prices have found strong support there and bounced up. A sharp rally brought prices above 17400 and the…
Delhivery Limited IPO Company Profile : Delhivery incorporated on June 22, 2011 is the fastest growing fully-integrated logistics service company in India in term of revenue, company has a very strong network as it is present in 17488 pin code as on December 2021. They have built in-house…
View on market: Stay Cautious, be with quality business: U.S. futures and bonds fell amid rising inflation, monetary tightening and fears of global economic slowdown. Stocks in Japan led the decline in Asian markets while China has issued warnings about the jobs outlook as the country tightens curbs…
May 7, 2022
Morning Outlook 7th May, 2022
NIFTY: Nifty opened at 16415.55 wit ha big gap down of 267 points. The index initially moved higher but soon prices finds strong resistance and started drifting downwards. The index recorded its intraday low at 16340.90 and found repeated support around the 17350 level. The index then rose…
ITC is one of India's foremost private sector companies and a diversified conglomerate with businesses spanning Fast Moving Consumer Goods, Hotels, Paperboards and Packaging, Agri Business and Information Technology. The FMCG segment includes Cigarettes, such as cigarettes and cigars, and Others, such as branded packaged foods businesses (Staples,…
View on market: Stay Cautious, be with quality business: Bonds rose and the dollar held a drop on Thursday after the Federal Reserve raised interest rates as expected to tackle inflation while countering fears of super-sized hikes. Shares in Australia gained and futures pointed to a positive open…
NIFTY: Nifty opened at 16854.75 with a big gap up of 177 points. The index initially moved lower but soon prices turned up and saw a rally of more than 150 points. The index recorded its intraday high at 16945.70 and found strong resistance there. Prices have drifted…
Company Recommendation Accu./ Buy (Rs) Target (Rs) Upside (%) Time Horizon TCS Buy Rs. 3509 3810 9% 1Month HDFC Bank Buy Rs. 1349 1480 10% 1Month Indian Hotels Accumulate Rs. 243 - 246 270 10% 1Month ITC Buy Rs. 262 282 8% 1Month Coromandel Int. Buy Rs. 913…