*Shalby* entered into a definitive agreement to acquire certain assets from California-based Consensus Orthopedics for a cash consideration of $11.45 mn (about Rs 85 crore). Consensus designs and manufactures orthopedic implants and instruments with sales predominantly in North America. *Positive*
Zensar Technologies s acquired US-based data engineering and digital engineering firm M3bi for $33 million, including $9 million to be paid over three years based on meeting certain performance goals. This acquisition will be completely funded by internal accruals The deal is expected to close on or before August 31, 2021 or upon fulfilment of closing conditions, whichever is earlier. M3bi posted revenue of $26.75 mn in CY20 (+25.6% over CY18-20)*Positive*
*Good Morning* 170521
Except USA markets all other markets are running down, Taiwan, Malaysia & Singapore are showing increase in Covid-19 cases.
India is also not different, the data published by government or government agencies both central and state are not reliable. There is high mortality rate due to covid-19 second wave than first. Poor health infrastructure and delay in vaccination is the biggest problem. And there is gradual loss of trust on all elected governments across nation, state and central, this may lead to big political churning. One has to wait and watch how it’s going to unfold.
Mena while government and vaccine making companies came to an agreement of formula sharing and increasing the vaccine production.
*Nifty 50* Nifty will show upside opening may slowly consolidate, since its just half way of May month expiry, will not show eagerness to jump beyond 15000 so soon.
_SGX_ indicating opening around 14800 near, there is resistance at 14790 to 14832, support is little far 14734 to 14511.
For intra day levels are 147832 to 14734, will update after opening.
*Bank Nifty* appears little weaker or may be sign of consolidation, as long as holds 32000 no signs of weakness, but till 34000 decisive break out no signs of out performance.
Intra day 32226 to 32841
*Nifty Fin Serve* 15315 to 15591
*Small cap* & *Mid cap* showing signs of consolidation, may be with high levels.
*IT* as expected under consolidation.
*Metals* trading at crucial levels, with overbought zone, be careful.
*FMCG* will start upmove again.
*Nifty Auto* small consolidation.
*Pharma* companies are on radar. Cipla, Dr Reddy. & Panacea, Shilpa medicare. If closely observe all the hospitals are running on minimum patients only, people are scared to visit hospital for smaller health issues. The pharama companies earn more on other drugs sale, than covid-19 related. Hence the results of pharma companies are coming down, on technical also its about to stop its rally just before beginning of second wave. However, it may move some more up (Specific stocks) then soon profit booking expected.
Except USA markets all other markets are running down, Taiwan, Malaysia & Singapore are showing increase in Covid-19 cases.
India is also not different, the data published by government or government agencies both central and state are not reliable. There is high mortality rate due to covid-19 second wave than first. Poor health infrastructure and delay in vaccination is the biggest problem. And there is gradual loss of trust on all elected governments across nation, state and central, this may lead to big political churning. One has to wait and watch how it’s going to unfold.
Mena while government and vaccine making companies came to an agreement of formula sharing and increasing the vaccine production.
*Nifty 50* Nifty will show upside opening may slowly consolidate, since its just half way of May month expiry, will not show eagerness to jump beyond 15000 so soon.
_SGX_ indicating opening around 14800 near, there is resistance at 14790 to 14832, support is little far 14734 to 14511.
For intra day levels are 147832 to 14734, will update after opening.
*Bank Nifty* appears little weaker or may be sign of consolidation, as long as holds 32000 no signs of weakness, but till 34000 decisive break out no signs of out performance.
Intra day 32226 to 32841
*Nifty Fin Serve* 15315 to 15591
*Small cap* & *Mid cap* showing signs of consolidation, may be with high levels.
*IT* as expected under consolidation.
*Metals* trading at crucial levels, with overbought zone, be careful.
*FMCG* will start upmove again.
*Nifty Auto* small consolidation.
*Pharma* companies are on radar. Cipla, Dr Reddy. & Panacea, Shilpa medicare. If closely observe all the hospitals are running on minimum patients only, people are scared to visit hospital for smaller health issues. The pharama companies earn more on other drugs sale, than covid-19 related. Hence the results of pharma companies are coming down, on technical also its about to stop its rally just before beginning of second wave. However, it may move some more up (Specific stocks) then soon profit booking expected.
Brokrage Reports
Brokrage Reports on DR Reddy's
Bernstein: O-P, TP Rs 5626
GS: Neutral, TP Rs 5250
JPM: Neutral, TP Rs 4850
Brokrage Reports on L&T
JPM: OW, TP Rs 1815
GS: Buy, TP Rs 2000
Nomura: BUY, TP Rs 1654
Brokrage Reports on Cipla
Bernstein: O-P. TP Rs 1036
JPM: Neutral, TP Rs 785
GS: Neutral, TP Rs 890
Brokrage Reports on Balkrishna Industries
Edelweiss: Upgrade to Buy, TP Rs 2298
Investec: Hold, TP Rs 1775
Kotak Inst Eqt: Sell, TP raised to Rs 1500 from Rs 1320
Brokrage Reports on Escorts
CS: O-P, TP Rs 1620 (vs Rs 1720)
Kotak Inst Eqt: Buy, TP Rs 1700
MS on AB Capital
OW, TP raised to Rs 158
Brokrage Reports on DR Reddy's
Bernstein: O-P, TP Rs 5626
GS: Neutral, TP Rs 5250
JPM: Neutral, TP Rs 4850
Brokrage Reports on L&T
JPM: OW, TP Rs 1815
GS: Buy, TP Rs 2000
Nomura: BUY, TP Rs 1654
Brokrage Reports on Cipla
Bernstein: O-P. TP Rs 1036
JPM: Neutral, TP Rs 785
GS: Neutral, TP Rs 890
Brokrage Reports on Balkrishna Industries
Edelweiss: Upgrade to Buy, TP Rs 2298
Investec: Hold, TP Rs 1775
Kotak Inst Eqt: Sell, TP raised to Rs 1500 from Rs 1320
Brokrage Reports on Escorts
CS: O-P, TP Rs 1620 (vs Rs 1720)
Kotak Inst Eqt: Buy, TP Rs 1700
MS on AB Capital
OW, TP raised to Rs 158
#NEWSLETTER ISSUE 10
▶️The Jammu & Kashmir Bank Ltd at 28.35
▶️Mangalam Cement Ltd remaining
▶️Sanofi India Ltd at 7794
▶️HSIL Ltd at 199.15
▶️The Anup Engineering Ltd at 680
▶️Equitas Holdings Ltd at 87.95
▶️Glaxosmithkline Pharmaceuticals Ltd at 1519.9
▶️Narayana Hrudayalaya Ltd at 439.95
▶️Shalimar Paints Ltd (Special Pick) at 93.05
We will add stocks on all dips as mentioned in Newsletter
▶️The Jammu & Kashmir Bank Ltd at 28.35
▶️Mangalam Cement Ltd remaining
▶️Sanofi India Ltd at 7794
▶️HSIL Ltd at 199.15
▶️The Anup Engineering Ltd at 680
▶️Equitas Holdings Ltd at 87.95
▶️Glaxosmithkline Pharmaceuticals Ltd at 1519.9
▶️Narayana Hrudayalaya Ltd at 439.95
▶️Shalimar Paints Ltd (Special Pick) at 93.05
We will add stocks on all dips as mentioned in Newsletter
👍2
Super Duper Bumper Call
Buy Ludlojut (BSE - 526179) at CMP of 83.8 - 84.8 and dips till 76
Sl 74
Targets:- 87 - 88 - 89 - 90 - 91 - 92 - 93 - 94+
Above 94 we will see 99 - 103 - 110+
Disclaimer:- I am not SEBI Registered. Please consult your financial advisor before investing
Buy Ludlojut (BSE - 526179) at CMP of 83.8 - 84.8 and dips till 76
Sl 74
Targets:- 87 - 88 - 89 - 90 - 91 - 92 - 93 - 94+
Above 94 we will see 99 - 103 - 110+
Disclaimer:- I am not SEBI Registered. Please consult your financial advisor before investing
Dhanuka Agritech recommend at 758 - 754 levels in Market Wizard Newsletter Issue 7 dated 24th April 2021. Today stock made high of 952.05❤️. 27.25% returns in less than 30 days. Hold tight and rally the move. Short Term players can exit. Don't miss Market Wizard Newsletter for more such amazing stock picks. 🧙🏻♂️