HSCL Share Report and Trading Tips for Tomorrow by Expert ( 31 Aug 2017 )

Research Head (MONEY MAKER RESEARCH & INVESTMENT ADVISOR PVT LTD) is having a view that one can go long in HSCL.

“HSCL is the stock which I would recommend to buy above Rs 106; this can see a upside to levels closer to Rs 110-112 zones, keep stop loss below Rs 101.

EBITDA of the company for the year is increased mainly on account of higher operating inefficiencies and increase in capacity utilisation.

The Company continued to enjoy working capital facilities under multiple banking arrangements including State Bank of India, Central Bank of India, ICICI Bank, The Hong Kong and Shanghai Banking Corporation(HSBC), DBS Bank, Citibank, Axis Bank, Yes Bank, Indusind Bank, Union Bank of India and IDBI Bank Ltd. The Company has been regular in servicing these debts.

HSCL was closed 6.43 per cent up today at Rs 105.10 NSE.

Stock Limelight: Wipro, RIL, Tata Motors, Maruti Suzuki will be in focus today

Benchmark indices, on Thursday, are trading on sluggish move, while broader markets are continuing its trade in positive territory. These stocks will be in limelight today after major announcements:

Software major Wipro, has announced its shareholders approved the company’s Rs,11000.00 crore buyback proposal. About 99.68 percent of the votes being cast in the support of the buyback offer.

India’s largest publicly traded company Reliance (RIL) has announced that the company will make an offer for issuing NCDs worth Rs 2,500 crore next week. It has proposed to make an offer for issuance NCDS on a private placement basis on Monday 4 Sept 2017aggregating Rs 2500 crore to be listed on the stock exchanges.

The stocks of car companies will be in focus today which includes Tata Motors, Maruti Suzuki and Mahindra & Mahindra. Car prices had dropped by up to Rs 3.00 lakh subsequent on the implementation of the GST from July 1.

Welspun Corp Report & Positional trading Advice for Tomorrow (30 Aug 2017)

Research Head (MONEY MAKER RESEARCH & INVESTMENT ADVISOR PVT LTD) is having a view that one can go long in WELCORP.

“WELCORP is the stock which We would recommend to buy above Rs 140; this can see a upside to levels closer to Rs 145-146 zones, keep stop loss below Rs 133.

Margins for this quarter have been good, but some moderation in margins is expected in later part of the year & I expect the company to maintain trend of volumes of around millions of tonne for this financial year as well.

Although Saudi business will continue to be a bit of a drag. We expects the outlook to be little better in the quarters ahead than what it has been at the end of Q1.

WELCORP was closed 3.20 per cent up today at Rs 138.50 NSE.