MARKET-HUB

Nifty snaps 3-day fall, Sensex gains

196 pts; Midcap, Smallcap indices

outshine

The market snapped its three-day

losing streak and closed half a percent

higher, but the broader markets staged

smart show on strong breadth.

The 30-share BSE Sensex rallied

196.37 points to 36,063.81 and the

Nifty50 gained 71 points at 10,863.50.

Rupee drops 20 paise to 70.92

At the Interbank Foreign Exchange

(forex) market, the rupee opened lower

at 70.75 and fell further to touch the

day's low of 70.99.

It finally ended at 70.92 per dollar,

down by 20 paise against its previous

close.

Ashok Leyland February sales

increase 0.4%, MHCV segment

reports 3% decline

Ashok Leyland, country's second

largest commercial vehicle maker, sold

18,245 units in February 2019 which

increased only 0.4 percent over 18,181

units sold in same month last year

driven by LCV segment.

Maruti Suzuki February sales miss

estimates, down 0.8% to 1.48 lakh

units

Maruti Suzuki India continued to

disappoint street as the company sold

1.48 lakh units in February, registering

a 0.8 percent decline compared to 1.49

lakh units sold in same month last

year.

Bajaj Auto February sales grow

10% driven by exports, beat

expectations

Two-wheeler maker Bajaj Auto

reported strong sales growth for

February, which also beat analyst

expectations.

The automobile company sold 3.93

lakh units in month gone by,

registering a 10 percent growth over

3.57 lakh units sold in same month last

year, driven by exports.

GST collections drop to Rs 97,247

crore in February

GST collections in February dropped

to Rs 97,247 crore in February from

Rs 1.02 lakh crore in the previous

month, the Finance Ministry said on

March 1.

GDP growth slows to 5-quarter low

of 6.6%

The country’s economic growth

slowed to a five-quarter low in the

October-December period of 2018-19

and the Central Statistics Office

(CSO) also revised downwards the

growth estimates for the current fiscal

year to 7% from the earlier 7.2%.

NEWS LETTER

Beyond Research,

Beyond Advice

2nd March 2019

Issue – 338

Market News

MARKET-HUB

Corporate Action

Company Name Type

& Percentage

Record Date Ex-Date

Bonus Wipro Bonus Ratio (1:3) 07-03-2019 06-03-2019

Akash Infraproj Bonus Ratio (1:1) 08-03-2019 07-03-2019 Splits ISL Consulting New FV 5 - 08-03-2019

Dividend ACC Final (140%) - 05-03-2019

HDFC AMC Interim (240%) 07-03-2019 06-03-2019 United Drilling Interim (6%) 09-03-2019 07-03-2019

Results & Corporate Action

MARKET-HUB

Nifty Spot In Last Week :-

As we saw the Price Movement in Nifty Spot in last week that In Upside is

10,939.75 and in Downside 10,729.30.

Nifty Spot In Upcoming Week :-

There is strong Resistance is 11,080 There is possibility of profit booking on this

level if close above 11,080 the next level 11,160 to 11,200, down side 10,700 is

strong support if break this level and closing below this level then down side next

target 10,600 to 10,500.

Bank Nifty in Upcoming week :-

27,450 is strong resistance if not close above this level till sell on rise with sl

27,450 closing base down side target 26,700 this level is very important level if

close below 26,700 level then down side target will be 26,250 to 26,100 to

possibility.

Market Technical

Page: - 2

Recommendation for next week

BANKNIFTY WEEKLY CHART

NIFTY WEEKLY CHART

MARKET-HUB

Copper:- Sell on rise with sl 470 closing base

target will be 450 to 455 possibility buy in dip with

stoploss 445 if close above two day 470 level then

upside target 513 possibility.

Crude:- Sell on rise with stoploss 4,150 down

side target 3860 possibility.

Silver :- Sell on rise with stop loss 39,500

down side target will be 37,000 possibility.

Gold :- 33,100 is resistance sell with stop

loss 33,100 down side target 32,500 is support

if close below this level then next level 32,280

possibility.

Commodity Market

MARKET-HUB

Currency Market

USDINR: Investors can Sell on rise around 71.60

to 71.90 with stop loss of 72.27 down side target

will be 71.00 to 70.70 ,Buy in dip with stop loss

70.00 upside target will be 71.60 to 71.90.

GBPINR: Investors can buy in dip around

range 91.00 to 91.50 with the stop loss of 90.70

and upside target will be 93.50 to 94.80,sell on

rise with stop loss 95.50 down side target will be

92.80 to 91.50.

EURINR: Down side 79.60 is very

important level if close below this level then

down side target will be 77.50 sell on rise with

stop loss of 82.50.

JPYINR:- Investors can sell on rise around

65.55 with the stop loss of 66.00 and down side

target will be 63.50 to 62.50 possibility.

MARKET-HUB

On the passing of tension of India-Pakistan the anxiety for the currency volatility

cooled down.

However the report from the Royal Bank Of Canada (RBC) that the Indian Rupee

likely to touch 80 against US$, has made the traders cautious His argument is that

RBI governor stance to reduce the invest rate makes the investment in Indian

Rupee less attractive also the deficit financing is a big worry.

Overall still there is a mood of caution for the Indian currency traders & users.

Premium / Discount (USD/

INR) Based on Forward Rates

Duration Premium One month

Forward

0.29

Three month

Forward

0.56

Six month 1.12

One year 2.51

RBI reference Rates

Currency Rates

USD 70.97

GBP 94.09

Euro 80.72

100 Yen 63.49

Currency Corner

MARKET-HUB

Dabur India Ltd

Dabur India is one of the leading Fast Moving Consumer Goods (FMCG) players

dealing in consumer care and food products.

Dabur India Ltd., incorporated in the year 1975, is a Large Cap company (having a

market cap of Rs 77451.87 Crore) operating in Personal Care sector.

Dabur India Ltd. key Products/Revenue Segments include Personal Care which

contributed Rs 5552.26 Crore to Sales Value (98.98 % of Total Sales), Other

Operating Revenue which contributed Rs 48.73 Crore to Sales Value (0.86 % of

Total Sales) and Scrap which contributed Rs 8.07 Crore to Sales Value (0.14 % of

Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-12-2018, the company has reported consolidated sales of

Rs 2199.21 Crore, up 3.49 % from last quarter Sales of Rs 2124.97 Crore and up

11.84 % from last year same quarter Sales of Rs 1966.44 Crore Company has

reported net profit after tax of Rs 366.69 Crore in latest quarter.

Pros:

Company has a good return on equity (ROE) track record: 3 Years ROE

28.62%

Company has been maintaining a healthy dividend payout of 47.99%

Cons:

Stock is trading at 15.07 times its book value

The company has delivered a poor growth of 4.59% over past five years.

Market Cap: 77,451 Cr.

Current Price: 438.05

52 weeks High / Low 490.70 / 312.45

Book Value: 29.06

Stock P/E: 52.70

Dividend Yield: 1.71 %

ROCE: 28.30 %

ROE: 25.93 %

Sales Growth (3Yrs): -0.45 %

Face Value: 1.00

Fundaments

Page: - 3

MARKET-HUB

Dabur India Ltd Share Holding

Category No. of shares Percentage

Promoters 1,198,755,677 67.87

Foreign Institutions 320,808,131 18.16

General Public 85,200,639 4.82

NBFC and Mutual Funds 71,666,133 4.06

Financial Institutions 50,933,407 2.88

Others 38,582,154 2.18

Foreign Promoters 345,000 0.02