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CAPITALSTARS PRESENTS EQUITY MARKET UPDATE : 29 JAN 2020

INDIAN FACE  
                      
INDIAN EQUITY BENCHMARK

Nifty50 settled above the crucial 12,100-mark at 12,129.10 level, up 73.30 points or 0.61 per cent. Except Nifty Pharma, all the key sectoral indices ended the day in the green. Nifty FMCG index was up 1.20 per cent at close, followed by gains in Nifty Metal index (up 0.79 per cent), and Nifty Auto index (up 0.77 per cent). 

GLOBAL FACE


Asian Market- Asian Market Coronavirus fears sink Hong Kong stocks as they reopen after the Lunar New Year. Hong Kong stocks had their worst day in almost six months Wednesday as investors returned from a four-day holiday to weigh the consequences of an escalating coronavirus outbreak. Japan's Nikkei 225 (N225) and South Korea's Kospi (KOSPI) both rebounded a little from losses earlier this week. The indexes ended up 0.7% and 0.4%, respectively.

U.S. Market – Stocks Climb With Focus Shifting to Earnings, Fed. Dow rebounds, Apple leads the way, and coronavirus fears remain. The Dow Jones Industrial Average ended the day up 187 points, or 0.7%. It was a solid showing, but the average closed far off its highs as the coronavirus fears linger.

European markets- European stocks edge higher, brushing off coronavirus concerns. European markets traded cautiously higher on Wednesday as investors in the region look to brush off concerns about the spread of the China coronavirus.

NIFTY SPOT



MARKET TALKS

Escorts posts 9.2% yoy growth in net profit for Q3FY20
Escorts Limited on Wednesday reported a profit of ~Rs153.1cr in the quarter ending December 31, 2019, up by 9.2% as against a profit of ~Rs140.1cr in the corresponding period last fiscal. Revenue from operations came in at ~Rs1,633.4cr in the quarter ended December 2019 vs. ~Rs1,655.1cr in the corresponding period last fiscal. EBIDTA rose by 5.9% yoy at ~Rs212.3cr. Tractor sales were at 25,109 units in quarter ended December 2019 as against 25,743 units in the corresponding period last fiscal.

Jubilant FoodWorks net profit at Rs104cr in Q3FY20
Jubilant FoodWorks Limited (JFL) posted a net profit at Rs104cr, which was up by 7.8% yoy in Q3FY20. The operating revenues for Q3FY20 stood at Rs1,059.6cr, a growth of 14.1% over Q3FY19.  EBITDA also came in higher by 37% at Rs255cr and margin at 24.1% in Q3FY20 vs. 18.3% in Q3FY19.  Like for Like (LFL) Sales growth for Domino’s Pizza stood at 7.2% for the quarter. Same-Store Growth (SSG) for Domino’s Pizza was 5.9%, on a high base of 14.6% last year.

Bajaj Finance posts 52% jump in Q3 profit
Bajaj Finance registered a 52% yoy net profit growth to Rs1,614cr in Q3FY20 from Rs1,060cr in Q3FY19. Net Interest Income for Q3FY20 was up by 42% to Rs4,537cr from Rs3, 206cr in Q3FY19.New loans booked during Q3FY20 has also increased by 13% to 7.67 million and Assets under management (AUM) grew by 35% to Rs1.45 lakh cr as of December 31, 2019, from Rs1.07 lakh cr as of December 31, 2018.Total operating expenses to net interest income for Q3FY20 was 33.9% as against 34.9% in Q3FY19.

Ramco Cements reports 3% decline in Q3 PAT
The Ramco Cements Ltd. reported a revenue decline of ~6% yoy in Q3FY20 at Rs1,290cr. Pretax profit for the quarter came in at Rs.110cr vs. Rs.131cr during the corresponding period of the previous year. Profit after tax was Rs94.6cr, down 3% yoy

NAME OF THE STOCK : ESCORT

DATE : 29/1/2020

SEGMENT : CASH 

CHART TYPE : Candlestick

EXCHANGE : NSE

TECHNICAL INDICATORS USED : VOLUME.MACD, RSI.



INVESTMENT ADVICE: CS CALL - BUY ESCORT IN CASH NR CMP 748-750 TGT 768 SL 730


RATIONALE FOR ARRIVING INVESTMENT ADVICE: We Provide Trading calls on the basis of the following key points: 

1. Technical Analysis (Use of Candlestick Charts, Technical Indicators like RSI, MACD, Stochastic, ADX etc,) 
2. Fundamentals of the Company 
3. Live Market News & Updates (Company related, Sector related, Economy related, political, Global news, etc.) 
4. Tracking of Market Data’s (GDP, IIP, CPI, WPI, TRADE BALANCE, etc.) 
5. Tracking of Market Events like (RBI POLICY, FED POLICY, ECB MEETING, and OPEC MEETING, etc.) 
6. Tracking of Market Trends like Bullish Trend, Bearish Trend, and Consolidation, etc.

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