Moneycontrol
Last Updated : May 07, 2018 09:07 AM IST | Source: Moneycontrol.com

Podcast | Markets@Moneycontrol: Nifty likely to open flat; 3 stocks which can give up to 10% return

Trends on SGX Nifty indicate a flat to positive opening for the broader index in India, a rise of 5.5 points or 0.05 percent. Nifty futures were trading around 10,672-level on the Singaporean Exchange.

Moneycontrol News @moneycontrolcom

The Nifty is expected to open flat on Monday following muted trend seen in other Asian markets. The Nifty closed 61 points lower at 10,618 on Friday.

Trends on SGX Nifty indicate a flat to positive opening for the broader index in India, a rise of 5.5 points or 0.05 percent. Nifty futures were trading around 10,672-level on the Singaporean Exchange.

The three major US stock indexes rose more than 1 percent on Friday after weaker-than-expected US wage growth helped to calm investor fears about rising interest rates and inflation, though the S&P 500 and Dow Industrials still posted losses for the week, said a Reuters report.

Asian shares crept higher on Monday after a tame reading on US wages lessened the risk of faster rate hikes by the Federal Reserve, although Sino-US trade tensions and a looming deadline for the Iranian nuclear deal argued for caution, it said.

Stocks in news:

Manipal-TPG revises offer for Fortis Healthcare, values group at Rs 8,358 crore

Fraud-hit PNB targets over 10 percent business growth in 2018/19: Reuters

Avenue Supermarts: Q4FY18 standalone net profit rises 72.86 percent YoY to Rs 167.10 crore

Wockhardt: Q4 Loss at Rs 154 crore versus loss of Rs 174 crore; revenue up 17.6 percent at Rs 1,018 crore versus Rs 865.5 crore (YoY).

R Systems International: Q4 Profit falls to Rs 3.85 crore from Rs 7.32 crore, revenue from operations declined marginally to Rs 152.2 crore from Rs 155.5 crore (YoY).

Voith Paper Fabrics: Q4 Profit dips to Rs 4.5 crore versus Rs 5.2 crore; revenue from operations falls to Rs 23.8 crore from Rs 24.5 crore (YoY).

SQS India BFSI: Q4 Profit after tax rises to Rs 10.4 crore from Rs 5.5 crore, aided by a forex gain of Rs 2.9 crore; operating revenue jumps to Rs 75.6 crore versus Rs 70.4 crore (YoY).

Teesta Agro Industries: Q4 Profit falls to Rs 5 lakh from Rs 38 lakh; revenue from operations jumps to Rs 23.66 crore from Rs 14.70 crore (YoY).

BASF India: Q4 Profit jumps to Rs 66 crore versus Rs 42.55 crore; revenue from operations slips to Rs 1,343.56 crore versus Rs 1,392.62 crore (YoY).

Indo Count Industries: Q4 Profit dips to Rs 26.79 crore versus Rs 48.80 crore; revenue from operations falls to Rs 405.94 crore versus Rs 467.51 crore (YoY).

Technical Recommendations:

We spoke to 5nance.com and here’s what they have to recommend:

Crompton Greaves Consumer Electricals Ltd: Buy | Target: Rs 270 | Stop loss: Rs 230 | Return 10%

Orient Cement Ltd: Recommendation: Sell | Target: Rs 129 | Stop loss: Rs 143 | Return 6%

Just Dial Ltd: Recommendation: Buy | Target: Rs 458 | Stop loss: Rs 420 | Return 5%

Disclaimer: The views and investment tips expressed by investment expert on moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
First Published on May 7, 2018 08:46 am
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