Tomorrow market holiday, therefore finnifty expiry is today

New high 77.90
Target 1 achieved 🚀

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 💥

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.
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Wipro Ltd
#Wipro

The company has High Management Efficiency with a high ROE of 17.30% ✅

It also have healthy long term growth as Net Sales has grown by an annual rate of 10.75% ✅

Institutional investors have decreased their stake by -0.62% over the previous quarter and collectively hold 16.16% of the company ❌

Technically, the stock is at important support zone of 410, and strong resistance of 440

Technical View : Neutral
Fundamental View : Neutral to Negative

Shree Renuka Sugars acquires 100% stake in Anamika Sugar Mills for a cash consideration of Rs 235.5 cr (5 cr shares at Rs 47.05 per share).

NIFTY 1D CHART

- Inside Candle Formation
- Fib. Level 0.618

Perfect Inside Bar in Bank Nifty 5 Mins

broke the lower levels....
More downside possible now...
Will wait for the closing basis

Jai Prakash Power
#JPPOWER

The company has declared positive results in Jun'2023 after 2 consecutive negative quarters ✅


With ROCE of 7, it has a Attractive valuation with a 0.8 Enterprise value to Capital Employed✅

Multiple factors for the stock are Bullish like MACD, Bollinger Band, KST and OBV ✅

The Stock is making inverse head and shoulder pattern on monthly time frame.
The neckline is around Rs. 10 and the price is above it.

next few months are looking good for JPPOWER with upper levels of 13,15 and 18.

Fundamental View : Neutral (Turnaround Possible) ✅
Technical View : Bullish ✅

Education Purpose Only

VEDANTA demerger

To Demerg businesses into 5 divisions

1. Aluminium
2. Power - Talwandi Sabo Power
3. Oil - Malco Energy
4. Base Metals
5. Iron Ore

Vedanta says if Demerger approved then shareholders will get 1 share of each 5 vertical for every 1 shares they hold