ULTRATECH Cement, APOLLO HOSPITAL and LIC HOUSING Outlook by Romesh Tiwari, CapitalAim

Indian markets have been range-bound with selling pressure at higher levels. Stock specific action can be expected in the coming days as companies will start announcing first quarter numbers.

Mr. Romesh Tiwari, Head of Research, CapitalAim has recommendations for three stocks.

ULTRATECH: BUY| Above: Rs 4620| Target: Rs 4795| Stop loss: Rs 4445|

ULTRATECH did not sustain below the levels of 4400 and moving upward from there and now sustaining above 20 & 50-day moving averages on daily chart. MACD on the daily chart has converged upward and RSI is recovering from lower levels, now placed at 51.87 levels on the same chart.

APOLLO HOSPITAL: BUY| Above : Rs 1370| Target: Rs 1425| Stop loss: Rs 1315|

Indian Stock Market Outlook by Romesh Tiwari, CapitalAim

Indian markets have been under pressure after the Union Budget was presented. The markets are lacking direction as there aren't any major events but first quarter results will offer direction to the markets, or at least stock-specific action will be seen.

Market Overview from Mr. Romesh Tiwari, Head of Research, CapitalAim follows...

A negative trend for the Nifty continued from last Friday and Nifty slides to make a low of 11,461 on Tuesday and still trading not faraway from it. A feeble attempt to cross 11,600 saw supply coming in.

2019/20 Premier League Season Betting Predictions

The previous edition of the English Premier League was indeed competitive to the last as Manchester City ad Liverpool took their title battle all the way to the final Matchday when the Citizens managed to preserve a minimal one-point cushion to edge past the Reds and win their second successive trophy. It was shocking to see that 97 points were not enough for the Reds to win the title. The competition in the EPL nowadays is fierce, and no one can really tell what is season 2019/2020 going to offer.

Indian Acrylics reports strong quarterly numbers

Indian Acrylics has posted strong set of numbers for quarter ending June 30, 2019. The acrylics major from India has been growing its export sales network and the company has reported strong growth compared to June 2018 quarter.

Compared to June 2018 sales of Rs 160 crore, the company reported Rs 221 crore sales in June 2019. Operating profit margin was higher at 9 percent compared to 6 percent.

The company reported net profit of Rs 10.5 corre, which is highest quarterly net profit for acrylics major since March 2017. Investors with long term view can buy Indian Acrylics in range of Rs 12-15.

Pasupati Acrylon is another competitor in the segment. The company is fairly valued and compared to Indian Acrylics, Pasupati Acrylon has lower debt.

Hero MotoCorp, Maruti and Bajaj Auto Outlook: Epic Research on Automobile Sector

Indian automobile sector is facing tough times and stock valuations have declined in the recent quarters. While the companies are reporting decent numbers, the investing community is concerned about their valuations in near future. Long term view on major companies from automobile sector looks good. Investors with long term view can consider investing in some of the blue-chip companies at current valuations.

Research notes from Mr. Mustafa Nadeem, CEO, Epic Research on Automobile Sector

Union Budget Comments by Mayur Shah MD Marathon Group

Union Budget has offered some benefits for the real estate sector while it has failed to cheer up investors looking for support for automobile, banking & finance and other sectors. Comments on Union Budget by Mr. Mayur Shah, Managing Director Marathon Group & Former Chairman MCHI CREDAI.

This budget is in line with many big reforms that we saw in the last five years including RERA, in indirect taxation, bankruptcy etc. The special emphasis that has been given for the affordable housing segment is good news for customers and it is aligned with the government’s National Mission of “Housing for All by 2022” Mission.

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