Deepak fertliser

Sakar Healthcare

Yest Lows - 225

Today's Low - 228.40

JUST AN OBSERVATION

Nifty with every upside move breadth is faltering, fewer and fewer stocks are rising, advance decline line moving sharply lower even breaking the lows

What is it suggesting - Till when it can continue

Simple- Advance Decline breath chart

One interesting stock where Retail/Public holding has came down and Fii have increased stake.

Stock was available at almost 70% Discount from its 52wk High/ATH in last 2 months

Currently available at 50% Discount from ATH/52wk High

Something cooking

On Radar

Indoco Remedies

Cmp - 375

Days Low - 369

Trading Near support zone - 350 - 360

The earnings power in Indoco Remedies should translate into even better earnings going forward. 2QFY23 earnings were inline.would watchout for FY23Q3 Nunbers

Favourable Risk Reward Ratio

S/L - 331 on cbsl or As per Risk

Midterm Test Levels- 425/460/500+

Longterm- 700/777+

Indoco Remedies

Started moving

Now at Days High 387

Long term positive drivers but negative near term drivers.

Divis Laboratories Ltd

Laurus Labs Ltd

Clean Science & Technology Ltd

Indian Energy Exchange Ltd

Tata Elxsi Ltd

Jubilant Ingrevia

Aarti Inds

Aarti Drugs

Simens

Avenue Supermart

Info Edge

Indiamart

Mastek

BSE Ltd

Deepak Nitrite

Globus Spirits

Alkyl Amines

Poonawalla Fincorp issues clarification on CNBC-TV18 newsbreak, says Poonawalla Housing Finance’s MD & CEO Manish Jaiswal had commented "in the context of the Company’s board granting an in-principle approval for raising funds in Poonawalla Housing Finance"

Indoco Remedies

Not to miss

Can give big move in coming Days

Next Positive for India

Recent Fall in Dollar Index

Commodity prices are moving Lower from last 2- 3 months

Brent Crude below $85

On Radar

ARCHEN CHEMICALS IND LTD

ACI

Cmp - 520

Would Try to share Details in weekend

Good Bussiness

KITEX GARMENTS

Cmp - 193

Market cap - 1290cr

Fy23 Expected EPS - 19 -20

World's 2nd Largest INFANT WEAR Manufacturer

Massive Rs.2406 crores CAPEX
(from FY 22 to FY 26)

Increasing Capacity by "4X"

Current Production- 4 lakhs units/day & After Capacity Expansion- 22 lakh units/Day

Plans to complete all CAPEX by
FY 25-26

Why Investors Ignored this Stock?
In past,there was issues between
Govt of Kerala and Twenty20(CSR arm of Kitex) which may indirectly effect performance Kitex Garments.

After Capacity Expansion,Kitex will be World No.1 INFANT WEAR Manufacturer.

In an Interview,Kitex MD S. Jacob said there will another 600 crores CAPEX to the ongoing Rs.2406 CAPEX

Total CAPEX : Rs.2406 crs
70% Debt,30% Internal Accurals

The advantage that KITEX enjoys ,as despite B2B Customers is that it caters to HIGH QUALITY CONSCIOUS Customers

Technically support @ 160 - 170 zone & watchout for close above 235 - 240 zone for Sustained upmove

S/L - 149 on cbsl or As per Risk

Disc - All views expressed are personal and only for educational and study purpose. Consult your financial advisor before investing or taking any position based on above article.

Nifty ATH Today

18614

Nifty

After Touching lows of 15200

Already updated near 15700 that markets ignoring all good news

Within 5 months 3500 points rally in Nifty

Nifty comfortable above 18600 and Fresh ATH 18631

Can Dec Qtr Numbers would give upmove in Individual stocks?

SAKAR HEALTHCARE

Moving in very Tight Zone

With low Volumes

228 - 248 zone from last almost 1 month

Watchout for close above 251 in December month

Sakar Healthcare

256

PATANJALI FOODS