stock market outlook report by imperial money
DESCRIPTION
Nifty opened negative gap down today on 23rd Apr 2021 at 14326.35, The index was very volatile and made a day high of 14461.15 in 1st half session, and then, index made a day low of 14273.30 and closed at a very important level of 14341.35. Get more stock market update: https://www.imperialfin.com/market-updates/ Join Our Telegram Channel: https://t.me/imperialfinTRANSCRIPT
MARKET OUTLOOK REPORT
Figure. Nifty50 Intraday chart
Index Previous close Open High Low Close Change %
Nifty 50 14406.15 14326.35 14461.15 14273.30 14341.35 0.45%
Sensex 48080.67 47863.81 48265.39 47669.55 47878.45 0.42%
Nifty opened negative gap down today on 23rd Apr 2021 at 14326.35, Index was very volatile and made a day high of 14461.15 in 1st half session and then, index made a day low of 14273.30 and closed at very important level 14341.35.
www.imperialfin.com [email protected] +91-9595889988
23rd Apr 2021
Sectorial Performance
0.93%
0.84%
0.44%
0.01%
0.19%
0.49%
0.47%
1.10%
0.31%
0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20%
NIFTYFMCG
NIFTYIT
NIFTYPHARMA
NIFTYFINSERVICE
NIFTYBANK
NIFTYAUTO
NIFTYMEDIA
NIFTYREALTY
NIFTYMETAL
SECTORS CHANGE %
www.imperialfin.com [email protected] +91-9595889988
23rd Apr 2021
Top Trending News
EASYTRIP
EaseMyTrip tied up with JustDial for providing air travel services.
This will make Easy Trip Planners the sole air travel service provider on Just Dial.
TORRENTPOWER
Torrent Power will set up a 300 MW capacity solar power plant in Gujarat for Rs 1,250 crores approximately.
HDFC
A Warburg Pincus affiliate, Baskin Lake Investment, picked up HDFC‘s 24.48% stake in Good Host Spaces.
TATASTEEL
Tata Steel filed a commercial court claim in the UK against Sanjeev Gupta led GFG Alliance, which owns Liberty Steel, over alleged missed payments from an acquisition dating back to 2017.
WIPRO
Wipro has pledged to achieve Net-Zero Greenhouse Gas emissions by 2040.
POWEGRID
PowerGrid Infrastructure Investment Trust (InvIT) may launch its IPO at the end of April, making Power Grid the first government-owned company opting for the InvIT route.
TATAMOTORS
Jaguar Land Rover UK, a subsidiary of Tata Motors, may limit operations at 2 of its plants, Castle Bromwich and Halewood manufacturing plants, starting April 26 citing supply chain disruptions and semiconductor shortage.
23rd Apr 2021
www.imperialfin.com [email protected] +91-9595889988
Stocks in Action
www.imperialfin.com [email protected] +91-9595889988
4.70%
3.99% 3.78% 3.64%3.32%
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
MUTHOOTFIN ICICIPRULI POWERGRID NTPC CADILAHC
TOP GAINERS
3.15%2.73% 2.71% 2.71% 2.56%
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
3.00%
3.50%
INDUSTOWER M&M BRITANIA GAIL DRREDDY
TOP LOSERS
23rd Apr 2021
Corporate Actions
Zuari Global Limited (Interim Dividend Rs 1 Per Share 27th Apr)
Nestle India Limited (AGM/Dividend Rs 65 Per Share 29th Apr)
FII/DII/FPI ACTION IN CAPITAL MARKET
Category Date Buy Value Sell Value Net Value DII 22 Apr 2021 5737.09 cr 4887.11 cr 849.98 cr
FII/FPI 22 Apr 2021 9619.52 cr 10529.08 cr -909.56 cr
The following is combined Domestic Institutional Investors trading data across NSE, BSE and MSEI collated on the basis of trades executed by Banks, DFIs, Insurance, MFs and New Pension System.
www.imperialfin.com [email protected] +91-9595889988
23rd Apr 2021
Top Picks for Tomorrow
BRITANNIA. Sector: Consumer Food.
Important Parameters:
MARKET CAP BOOK VALUE EPS PE PROFIT GROWTH ROE ROCE
88761.17 CR. 120.93 74.22 49.65 12.83 % 35.94 % 41.47 %
FUNDAMENTALS
The company has shown a good profit growth of 20.72% for the Past 3 years.
Company has been maintaining healthy ROE of 33.20% over the past 3 years.
Company has been maintaining healthy ROCE of 46.09% over the past 3 years.
Company has a healthy Interest coverage ratio of 30.28.
The company has an efficient Cash Conversion Cycle of -10.06 days.
Stock Entry price Positional
target
BRITANNIA
3690
4100
www.imperialfin.com [email protected] +91-9595889988
23rd Apr 2021
INFOBEAN. Sector: IT Software.
Important Parameter
MARKET CAP PE EPS SALES GROWTH PROFIT GROWTH ROE ROCE 453.89 CR 14 13.50 11.02 % 21.84 % 17.66 CR 21.87 CR
FUNDAMENTALS.
The Company is trading at a PE of 6.60.
The Company is Virtually Debt Free.
The company has delivered average Profit Growth of 24.06% in last 3 years.
PEG ratio is 0.90%.
The company has effective cash conversion ratio of 132.65.
Stock Entry price Positional target
INFOBEAN 165 200
www.imperialfin.com [email protected] +91-9595889988
23rd Apr 2021
Disclaimer
This document has been prepared for IMPERIAL MONEY PVT. LTD. by Mr. Praveen Dubey NISM (201800048686) is a Research Consultant for Imperial Money Pvt. Ltd. This Market Outlook is intended for use only by the person or entity to which it is addressed to. This Document may contain confidential and/or privileged material and is not for any type of circulation and any review, retransmission, or any other use is strictly prohibited. This Document is subject to changes without prior notice. This document does not constitute an offer to sell or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Though disseminated to all customers who are due to receive the same, not all customers may receive this report at the same time. Imperial Money Pvt. Ltd. Does not carry any responsibility in case to whomsoever using the information of this newsletter content and data
www.imperialfin.com [email protected] +91-9595889988
23rd Apr 2021