Above Stocks
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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.
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Solid move in 1 Hour, done for the day πŸ”Όβœ”οΈ
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Contact @Abhi_ProTrader for more details
RedTape 575 πŸ”₯
Adani Green Energy : CMP 948
#ADANIGREEN

The QoQ sales are increasing since June 2020 at an average rate of 50.91%✨ whereas the net profit has inconsistent QoQ growth.❌

With a borrowing of 54,223Cr. they only have reserves worth 5,720Cr.β—οΈβŒ

On QoQ basis the FIIs and DIIs have started to increase their holdings and India Ratings Revises Adani Green Energy’s Outlook to 1 level negative to A+.βœ…πŸ”₯

The stock has been consolidating since the past 6 1/2 months. Wait for breakout before taking entry.

At Important Support Trendline, Weak Below 930

Technically= Bad❌
Fundamentally= Bad❌
Mazagon Dock CMP 2153.8
#MAZDOCK

The company has tripled its sales and its net profits in the past 11 years and this is mainly because of government orders as the company is in defense as well.β—οΈβœ¨

This years EPS is 56.64, the ROE is 29%, the ROCE is 38% and the stock gave returns of 248% in last 12 monthsπŸ†

The promoter of this company is the president of India with a holding of 84.83% holding. FIIs have increased their holdings by 3.07%.πŸ“ˆ

Since the majority holding is of the president of India all the loans are rated at AAA/Stable.πŸ”₯

The stock is consolidating after the huge up move, below 2100 we can see some profit booking.

Technically= Strongβœ…
Fundamentally= Strongβœ…
HDFC Bank - CMP 1522
#HDFCBANK

The compounded sales growth rate and compounded profit growth rate for 5 years is 15% and 20% respectively.βœ¨β—οΈ

This year's EPS, ROCE, ROE and Return is 22.17, 6.24%, 17.1% and 7% respectively and the Company has been maintaining a healthy dividend payout of 19.0%πŸ“ˆβœ…

The company has booked a loss in profit from financing⚠️ but that seems to be due to the merger with HDFC Ltd. This does not seem to be a problem as the company has given a good earnings report this quarter with a net profit of 17,312Cr.πŸ’ͺπŸ”₯

Can have a strong upmove above 1563

Technically= Decent βœ…
Fundamentally= Strong βœ…
Shree Renuka Sugar CMP 53.65
#RENUKA:

Sales have been falling since the march of 2012 and the company has also been booking losses.⁉️

The reserves have fallen to negative⛔️ but the company is focusing on clearing its borrowings and has halved it since 2012.✨

This year’s EPS, ROE, ROCE and Return is -1.04, 0, 9.41% and -14πŸš«β—οΈ yet the promoter and DIIs have been increasing their holdings. βœ…

The Stock is having a good support at 50.60

Technically=Breakout to Consolidationβœ…
Fundamentally= Weak❌
πŸ‘°πŸ€΅β€β™‚οΈWedding Economics in 2023!

India to record highest-ever business from weddingsπŸ’°

No. of Weddings: 35 lakh

Business Expected: β‚Ή4.25 lakh croresπŸ’°

Which is almost equal to the combined market cap of Tata Motors & Wirpro
Bajaj Finance giving a Sell Signal
#BAJFINANCE
The uptrend seems to be over, some sort of profit booking is possible.
Head and Shoulder Pattern in Bank Nifty
Sentiments and Result Session not so good for Banks
More Downside Possible
CMP : 43888
#BankNifty
Intraday Buy Persistent @ 5846
Sl 5788
Target 5875, 5921+++
Move SL to cost
5885
5890
5913