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1-10 results from 565 for query «accumulate»

14 September, 2018 5:56 AM Accumulate Edelweiss Financial Services, target Rs 286: Rupak De

On the daily chart, Edelweiss Financial Services has been consolidating after a correction from Rs 330 to Rs 250. A Gartley Harmonic pattern has formed on the daily chart which may propel a rally in the stock. In addition, an engulfing pattern, as well as a tweezers bottom, is visible around Rs 248. Daily momentum oscillator, RSI (14) is having a positive 47

11 September, 2018 5:57 AM Buy Tata Chemicals, target Rs 780: Jayant Manglik

We believe it’s an excellent buying opportunity and traders should utilise this phase to accumulate fresh longs in the given range of Rs 730-740 for target of Rs 780, says Jayant Manglik of Religare Broking. Tata Chemicals has been trading in a broadening formation (which acts as a continuous pattern) around its record high for the last nine months 57

6 September, 2018 3:42 AM Accumulate Vedanta, target Rs 254: Rupak De

Vedanta has given a symmetrical triangle breakout on the daily chart which suggests that traders have raised interest in the stock. In addition, we observed that the breakout prices were backed by higher volume. The stock has been sustaining above 21-EMA (exponential moving average) on a closing basis for the last several days which means traders are willing 48

4 September, 2018 9:37 AM Buy Finolex Cables; target of Rs 644: Geojit

Finolex Cables Ltd (FCL) is India's largest manufacturer of electrical (80% of revenue) and telecommunication cables (16%). FCL has a wide distribution network with a high brand recall. Q1FY19 revenue and EBITDA grew by robust 17% & 18% YoY respectively, but PAT declined by 11% YoY owing to higher tax expenses. EBITDA margin improved by 10bps YoY to 16.4% led by lower 44

27 August, 2018 12:25 PM Accumulate Vardhman Textiles; target of Rs 1269: Centrum

Vardhman Textiles Ltd (VTL), for Q1FY19 on a consolidated basis, reported decent numbers. Revenue grew ~8% YoY to Rs1,700 crore, aided by 7% growth in textile segment to Rs1,625 crore and 47% growth in acrylic fibre segment to Rs99 crore. EBITDA grew 32% to Rs292 crore. Lower raw material cost (down 91bps to 53.3% of sales) and other expenses (down 229bps to 21.7%) resulted 107

27 August, 2018 7:03 AM Buy Hindalco Industries, target Rs 270: Shabbir Kayyumi

As long as it sustains above Rs 195, the possibility of moving on the upside is higher and it can hit Rs 270 with an ease, says Shabbir Kayyumi of Narnolia Financial Advisors. Hindalco Industries after hitting the peak of Rs 284 slipped near 52-week low from where chances of developing of demand are higher and it has been trading in a range-bound zone of Rs 210 and Rs 230 mark. As of now, the formation 187

23 August, 2018 12:03 PM Accumulate Power Mech Projects; target of Rs 1088: Centrum

Power Mech Projects Ltd (PMPL) for Q1FY19 on a consolidated basis reported good numbers. Revenue grew ~29% YoY to Rs462 crore, on the back of better order execution. Revenue from erection segment (39% of Q1FY19 revenue) grew 26%, operation & maintenance (O&M -28%) grew 6%, civil (31%) grew 60% and electrical works (2%) grew 220%. EBITDA grew 32% to Rs61 crore 52

23 August, 2018 3:53 AM Buy Tata Motors, target Rs 310: Abhishek Mondal

After a decent correction, Tata Motors has bounced from lower levels and has given a breakout above the downward sloping trendline around 267-268 levels on Monday with higher volumes in daily scale. We saw a positive divergence in Relative Strength Index indicator in daily scale along with positive crossover in MACD whereas positive DI trading above 57

16 August, 2018 4:59 AM Blackstone eyes stake in Jet Airways' loyalty programme JetPrivilege: Report

Etihad Airways owns 50.1 percent of Jet Privilege, while Jet Airways holds the remaining stake. US-based Blackstone Group is in talks to purchase a stake in the loyalty programme of cash-strapped Jet Airways, a Bloomberg report says quoting sources. Blackstone’s offer could value JetPrivilege at about Rs 3,000-4,000 crore, sources told the news agency 51

10 August, 2018 10:17 AM Accumulate TVS Motors; target of Rs 605: Prabhudas Lilladher

For Q1FY19, TVS motor's EBITDA margins stood at 7.4% (up 120bps YoY / 40bps QoQ), slightly behind our expectations of 7.8%. TVS Motors' overall Q1FY19 revenues grew a robust 22% YoY (up 4% QoQ) to Rs41.5bn, in-line with PLe, on the back of volume growth of 15.7% YoY (up 4% QoQ) and realisation improvement of 5.6% YoY (flat QoQ). Absolute EBITDA surged 48