Above Stocks
1.13K subscribers
785 photos
2 videos
34 files
290 links
Above Stocks is an Indian stock market update group. We provide our recommendations for educational purposes only. Consult ur financial advisor before performing any trades.
Download Telegram
Huge profit booking in midcap and smallcap stocks..
Stay Cautious in these stocks...
About 15-25% downside possible in the stocks which doubled in last few days
Short Term Buy
TCS @ 3582
Target 3630,3700
Sl 3520
Indian Railway Catering & Tourism Corporation Ltd.
#IRCTC

Healthy long term growth as Operating profit has grown by an annual rate 25.18%


The company has declared Positive results for the last 8 consecutive quarters

The stock has given the previous breakout at 670 levels and now it will act as a good support and target can be 730,800+ levels

Fundamental View: Strong
Technical View: Bullish
6 Days of Rise = 1 Day of Fall
Market Fall / Crash is always sharper and more painful than a rise.

Nifty Smallcap Index -4.3% down today.
Highlights of the Mutual Fund Industry data for August issued by AMFI:

- Equity MFs net inflows for August was Rs 20,245 crore, the highest in five months

- Mutual Fund industry net AUM stood at Rs 46.63 lakh crore as of August 31.

- Mutual Fund folios hit an all-time high of 15,42,41,577 in August, compared to 15,14,21,270 in July.

- SIP inflows hit an all-time high of Rs 15,813 crore in August. The SIP AUM stood at Rs 8.47 lakh crore as of August 31, compared to Rs 8.32 lakh crore in July.

- Retail MF folios also hit an all-time high at 12,30,07,367 in August, compared to 12,08,50,415 in July. Retail AUM stood at Rs 24.63 lakh crore as of August 31.
Short Term Buy
Buy PNB @ 72
Sl 69
Target 77,81+
Above Stocks
#PNB Gave an amazing Breakout Can retest and move up again
New high made as suggested by us... More upside posible
Tomorrow market holiday, therefore finnifty expiry is today
Bank Of Maharashtra 🚀
New High 50.85
SEBI says : IPO should list in T+3 days.

Linkintime says : We can do it even in T+2 days !!

RR Kabel will list on 20 September 2023 and its now holds the record of "Fastest Listing in Indian Stock Market".

Well done 'our favorite' .. Linkintime 💥
What do like the most ?
Anonymous Poll
62%
Telegram Channel
38%
WhatsApp Channel
HDFC Bank was the top Nifty loser, COLLAPSING 4% intraday! Why? Well, its latest financial assessment of the HDFC-HDFC Bank merger has largely spoiled the mood. Brokerage firm Nomura has also downgraded the stock from a buy to neutral. Here’s what you need to know: 🚨

1) Networth hit: Due to some accounting tweaks, the combined entity’s book value will be LOWER than HDFC Bank’s standalone book value. FYI – as a result, Nomura has cut HDFC Bank’s FY 2024-2026 EPS estimate by 5% to 9% and book value per share estimates by 7% over the same period. 📉

2) Margin pressure: Excess liquidity + accounting changes could place pressure on the lender’s net interest margins over the next 2-3 quarters. HDFC’s Q2FY24 opening book NIMs were at 2% vs 2.7% in Q1. ⛔️

3) NPA build-up: There appears to be a bad loan uptick in HDFC’s corporate book. HDFC’s individual gross NPA ratio stood at 1% for the June quarter vs 0.75% in March. Non-individual gross NPA ratio saw a spike from 2.9% in March to 6.7% in June. Yikes! 📊

A few brokerage firms have cut their target price on the stock. This includes Nomura (Rs 1,970 p/sh → Rs 1,800 p/sh), Citi (Rs 2,200 p/sh → Rs 2,110 p/sh), and Jefferies (Rs 2,100 p/sh → Rs 2,030 p/sh). That said, most are still bullish, with all price targets representing a 10%-25% potential upside from current levels.
We have faced a worst week, since Feb 2023.
Comment the name of your fav stock, I will try to give a review on it...
For Education Purpose Only
One Stock Per Member only...
Mane Request Recieved for Stock Review, working on it. And will share the update soon.

👍