STRONG STOCKS WHICH CAN OUTPERFORM
WHICH ONE SHOULD LOOK TO ADD ON DIPS NEAR SUPPORT FOR MEDIUM TO LONGTERM
SECTORS TO WATCH
CHEMICALS
PHARMA & API
HOUSING & RELATED
I.T
MONOPOLY BUSSINESS
AGRO CHEMICALS
INFRA
CONSUMPTION STORY
AUTO & AUTO ANCILLARY 🚘
SELECT BANKING & NBFC & GOLD FINANCE COMPANIES
Would share Top picks from EACH SECTOR FOR NEXT 1 YEAR
BUDGET 2021 TO 2022
STAY TUNNED
WHICH ONE SHOULD LOOK TO ADD ON DIPS NEAR SUPPORT FOR MEDIUM TO LONGTERM
SECTORS TO WATCH
CHEMICALS
PHARMA & API
HOUSING & RELATED
I.T
MONOPOLY BUSSINESS
AGRO CHEMICALS
INFRA
CONSUMPTION STORY
AUTO & AUTO ANCILLARY 🚘
SELECT BANKING & NBFC & GOLD FINANCE COMPANIES
Would share Top picks from EACH SECTOR FOR NEXT 1 YEAR
BUDGET 2021 TO 2022
STAY TUNNED
Wealthcreatures.com
NIFTY BELOW 13695 Now - 13608 13500 Need To Watch closely As its last support MANY GOOD QUALITY STOCKS AVAILABLE AT THERE SUPPORT LEVELS AND GOOD FOR BOUNCE BACK If 13500 violated Than 13295/13100 possible MONDAY MKT MOVE AS PER BUDGET COMMENTRY…
ONLY ON CLOSE BELOW 13500 MKT WLD BE BEARISH IN SHORT TERM
ABOVE 13800 NIFTY WLD SEE SHORT COVERING & CAN TEST 14000/14200
BANK NIFTY LOOKING BULLISH FOR THE DAY
ABOVE 13800 NIFTY WLD SEE SHORT COVERING & CAN TEST 14000/14200
BANK NIFTY LOOKING BULLISH FOR THE DAY
I.T STOCKS FALLING
without any Expectation 🤔
One Good news and we can see Huge Short covering
On RADAR
TCS
COFORGE
INFOSYS
Tech mahindra
WIPRO
LTI
LTTS
Mindtree
HCL TECH
Info Edge ( Naukri) -
I.T Index #27176 To 24310 ❤️
I.T Index SUPPORT @ 24030( 50 DMA)
EXPECTING BOUNCE VERY SOON
Add on DIPS NEAR SUPPORT ZONE
without any Expectation 🤔
One Good news and we can see Huge Short covering
On RADAR
TCS
COFORGE
INFOSYS
Tech mahindra
WIPRO
LTI
LTTS
Mindtree
HCL TECH
Info Edge ( Naukri) -
I.T Index #27176 To 24310 ❤️
I.T Index SUPPORT @ 24030( 50 DMA)
EXPECTING BOUNCE VERY SOON
Add on DIPS NEAR SUPPORT ZONE
Wealthcreatures.com
In FOCUS SARDA ENERGY & Minerals Cmp - 360 Q3 FY21 EXPECTED to be good. FY21 Expexted EPS 90 To 95. Stock Trading cheap only at PE of 3.78 SUPPORT @320/310 ONE CAN ADD NEAR SUPPORT ONLY. POSSIBLE STOCK can Give 30% To 50% Upside in next 6 to 12…
SARDA ENERGY
ON RADAR
APPROACHING SUPPORT ZONE
310/320
ON RADAR
APPROACHING SUPPORT ZONE
310/320
BUDGET 2021 HIGHLIGHTS TILL NOW :
Scrappage policy - boost to Auto sector
7 Textile Parks will generate Jobs
107,000 cr. for railways capex
110,000 cr for National highways
SHARP INCREASE in Govt CAPEX to 5.4 lakh cr & additional 2 lakh cr to State capex - Huge stimulus
Scrappage policy - boost to Auto sector
7 Textile Parks will generate Jobs
107,000 cr. for railways capex
110,000 cr for National highways
SHARP INCREASE in Govt CAPEX to 5.4 lakh cr & additional 2 lakh cr to State capex - Huge stimulus
Income tax returns of not more than 3 yrs can be reopened for reassessment if dispute is less than 50 lakh
Wealthcreatures.com
I.T STOCKS FALLING without any Expectation 🤔 One Good news and we can see Huge Short covering On RADAR TCS COFORGE INFOSYS Tech mahindra WIPRO LTI LTTS Mindtree HCL TECH Info Edge ( Naukri) - I.T Index #27176 To 24310 ❤️ I.T Index SUPPORT…
Check
I.T index recovered 600 points
All stocks at days High
I.T index recovered 600 points
All stocks at days High
Winners and Losers: Who Got What in India’s Pandemic Budget
(Bloomberg) -- This was probably the toughest budget yet for Prime Minister Narendra Modi, as his government navigates the twin challenges of steering the $2.7-trillion Indian economy out of an unprecedented recession while ensuring more resources to fight the century’s worst pandemic.
Although his personal popularity remains intact, angry farmers on the streets and soaring rates of joblessness had raised budget expectations in the nation that has been the second-worst hit by Covid-19. Finance Minister Nirmala Sitharaman had promised an unprecedented budget aimed at buoying the economy.
WINNERS
Hospitals
The Covid-19 pandemic prompted Sitharaman to boost healthcare spending by 137% this year, an improvement over the less than 2% of gross domestic product that India has traditionally spent on health annually. The announcement extended shares of hospital operators including Apollo Hospitals Enterprise Ltd., Max Healthcare Institute Ltd. and Narayana Hrudayalaya Ltd. Other companies likely to benefit may include Dr Lal Pathlabs Ltd., Metropolis Healthcare Ltd. and Thyrocare Technologies Ltd.
Real Estate & Construction
Real estate developers are set to benefit from plans for a new development finance institution to meet funding requirements for infrastructure projects. Godrej Properties Ltd., Oberoi Realty Ltd., and DLF Ltd. and Prestige Estates Projects Ltd. are among those likely to gain. Key infrastructure players like Larsen & Toubro Ltd. and KNR Constructions Ltd. and IRB Developers Ltd. also look set to benefit.
State-Run BanksThe government announced it was forming an asset management company to take over stressed assets of banks in an effort to clean up one of the world’s worst pile of bad loans. Banks, insurers rose on plans for setting up a bad-debt manager. State Bank of India Ltd., Bank of Baroda, Canara Bank, Union Bank of India, Bank of India and Punjab National Bank could be among the beneficiary.
Textiles
Sitharaman’s announcement of the establishment of seven mega textile parks to be launched in three years could boost the sector, benefiting companies including Century Textiles Ltd., Raymond Ltd., Trident Ltd. and Arvind Ltd. among others.
Losers
Bonds
A higher-than-expected $164-billion borrowing plan for the new fiscal year hit India’s sovereign bonds, which slid after the announcement. The government also plans to raise an another 800 billion rupees by this fiscal year, on top of its projection of record 13.1 trillion rupees of debt sales.
Exporters
India raised import tariffs on solar and mobile-phone equipment and auto parts, among others. Announced with a view to boosting local manufacturing in line with the government’s focus on self-reliance, the move may raise further concerns about India’s trade policies that are increasingly seen as protectionist.
Farmers/Rural IndiaThe farm sector received attention but there were no major announcements that could help address the ongoing unrest on New Delhi’s borders, where thousands are protesting for the repeal of new agriculture laws. There were also no significant announcements on boosting consumption in the rural economy. The budget estimate for expenditure on the rural jobs scheme was 730 billion rupees for the financial year 2022, compared to the 1.1 trillion expenditure in the revised estimate for FY21.
IT Firms
India’s biggest services export contributors received little attention in the budget. There were no sops to boost the future of information technology from Sitharaman this year for companies including TCS Ltd., Infosys Ltd., Wipro, HCL Technologies, Tech Mahindra, along with mid-sized firms like LTI, Mindtree, Persistent and Hexaware.
(Bloomberg) -- This was probably the toughest budget yet for Prime Minister Narendra Modi, as his government navigates the twin challenges of steering the $2.7-trillion Indian economy out of an unprecedented recession while ensuring more resources to fight the century’s worst pandemic.
Although his personal popularity remains intact, angry farmers on the streets and soaring rates of joblessness had raised budget expectations in the nation that has been the second-worst hit by Covid-19. Finance Minister Nirmala Sitharaman had promised an unprecedented budget aimed at buoying the economy.
WINNERS
Hospitals
The Covid-19 pandemic prompted Sitharaman to boost healthcare spending by 137% this year, an improvement over the less than 2% of gross domestic product that India has traditionally spent on health annually. The announcement extended shares of hospital operators including Apollo Hospitals Enterprise Ltd., Max Healthcare Institute Ltd. and Narayana Hrudayalaya Ltd. Other companies likely to benefit may include Dr Lal Pathlabs Ltd., Metropolis Healthcare Ltd. and Thyrocare Technologies Ltd.
Real Estate & Construction
Real estate developers are set to benefit from plans for a new development finance institution to meet funding requirements for infrastructure projects. Godrej Properties Ltd., Oberoi Realty Ltd., and DLF Ltd. and Prestige Estates Projects Ltd. are among those likely to gain. Key infrastructure players like Larsen & Toubro Ltd. and KNR Constructions Ltd. and IRB Developers Ltd. also look set to benefit.
State-Run BanksThe government announced it was forming an asset management company to take over stressed assets of banks in an effort to clean up one of the world’s worst pile of bad loans. Banks, insurers rose on plans for setting up a bad-debt manager. State Bank of India Ltd., Bank of Baroda, Canara Bank, Union Bank of India, Bank of India and Punjab National Bank could be among the beneficiary.
Textiles
Sitharaman’s announcement of the establishment of seven mega textile parks to be launched in three years could boost the sector, benefiting companies including Century Textiles Ltd., Raymond Ltd., Trident Ltd. and Arvind Ltd. among others.
Losers
Bonds
A higher-than-expected $164-billion borrowing plan for the new fiscal year hit India’s sovereign bonds, which slid after the announcement. The government also plans to raise an another 800 billion rupees by this fiscal year, on top of its projection of record 13.1 trillion rupees of debt sales.
Exporters
India raised import tariffs on solar and mobile-phone equipment and auto parts, among others. Announced with a view to boosting local manufacturing in line with the government’s focus on self-reliance, the move may raise further concerns about India’s trade policies that are increasingly seen as protectionist.
Farmers/Rural IndiaThe farm sector received attention but there were no major announcements that could help address the ongoing unrest on New Delhi’s borders, where thousands are protesting for the repeal of new agriculture laws. There were also no significant announcements on boosting consumption in the rural economy. The budget estimate for expenditure on the rural jobs scheme was 730 billion rupees for the financial year 2022, compared to the 1.1 trillion expenditure in the revised estimate for FY21.
IT Firms
India’s biggest services export contributors received little attention in the budget. There were no sops to boost the future of information technology from Sitharaman this year for companies including TCS Ltd., Infosys Ltd., Wipro, HCL Technologies, Tech Mahindra, along with mid-sized firms like LTI, Mindtree, Persistent and Hexaware.