Tag: Epicresearch

23Sep

Nifty Outlook For Monday By Epic Research

 

Nifty slides with second biggest loss of the year as geo political tensions turns sentiments bearish for traders across globe. A week that started with a smaller consolidations and a tight range of trading finally paved the way for bears as it breached below 10K mark. A bearish engulfing pattern clearly indicates the strength as it engulfed the previous week gains as well and mandates the short term trend to be weaker.

Nifty inched higher making a new all time high at 10178 with a positive open while it consolidated for two broad days due to exhaustion of breadth of the market. The much needed breadth turned negative as there was a turn in negative sentiment due to lackluster participation by heavyweights like Bankex, metals and Infra.
The short term trend suggest writers are active at 9800 and 9900 while on the higher side 10200 proves to be a resistance. A sudden shift in overall trading range also suggest that in coming week it will be hard to see a rebound which may last longer given the change in OI.
As global tensions mount with North Korea pushing to a next level of tests with H bomb, it will be hard for bulls to have a comeback which was as swift as before. Also we dont see any cues that can lead us to a decline in volatility.
We suggest to be cautious with a sell on rise approach while it will be prudent to watch few levels. Support on immediate basis is seen at 9900 9860 while if breached on closing basis we may see further correction towards 9700. Resistance is now placed at 10040 10090 and will be very hard for bulls to sustain above it.
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18Apr

Yogi Adityanath has completed one month as CM: See what he has done for the people

 

Yogi Adityanath has completed 30 days from the date he took oath as the Chief Minister of Uttar Pradesh. His tenure of 30 days so far has been surprising like the news of his surprise nomination as the Chief Minister of Uttar Pradesh. A surprise is something that may have amazed even his most passionate critics. Now it has become very clear that the Yogi was not the first choice as the CM of India’s largest state for Prime Minister Narendra Modi. Manoj shah was Union Minister. But Narendra Modi couldn’t say no to the majority of newly elected BJP MLAs in Uttar Pradesh who reunited behind Yogi.

The support of MLAs for Yogi also brought his captivating appeal on BJP core as well as common electors of the state to a leading position. Yogi keeps on surprising the people during this tenure of 30 days and also make them believe in BJP’s pre-election promise of ‘sabka saath, sabka vikas ( everyone’s support, everyone’s development) but appeasement of none’.

Let’s take a look at some of the big decisions taken by Yogi government for the benefit of the people of the state. And the decisions made by Yogi have apparently proved Yogi-baiters wrong, but still, the state has a long way to go to realize the full potential of the decisions taken in the last 30 days.

Janata Durbar: Break from the past, accessible CM, quick action on complaints:

He is holding Janata Durbar at his Lucknow residence twice a week. Yogi Adityanath has opened his doors for common people of the state. Yogi himself listens to problems of people in Janata Durbarand give necessary instructions to officials for immediate redressal of the same.

Bad days for Mafia:

Yogi government has announced a crackdown on mafia of all kind. And the agenda is the action against the land and mining mafia of the state.

Good days for farmers: Farm loan waiver

Yogi has announced several important measures for the farmer, such as farm loan waiver of up to Rs 1 lakh each for over 2 crore farmers, wheat, and potato procurement at MSP, an instruction to sugar mill owners to clear dues of sugarcane farmers.

Ban on cow smuggling, illegal slaughter houses

He launched a crackdown on illegal slaughterhouses operating in the state and also announced a ban on cow smuggling.

Crime control, women safety, anti-Romeo squad

UP police have started anti-Romeo squads to take on the eve teasers. Besides, the Yogi government has also instructed the police to take all measures to stop crime in Uttar Pradesh.

There are many other important decisions he took for the welfare of people, like End of triple talaq on agenda, Marriage of poor Muslim girls, modernisation of madrassas, Gomti riverfront development, probe of scam, Cleanliness in government offices, state, Action against lazy public servants, Crackdown on government doctors who do private practice and School reforms.

This is not it there are much which Yogi has announced and so many are on the to come.

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11May

Epic Research Private Limited – Weekly Fundamental Report HUL 9 May 2015

COMPANY INFORMATION

Incorporated in the year 1933, Hindustan Unilever Limited is a FMCG company. HUL has a diversified presence in the FMCG sector with more than 35 brands spanning 20 distinct categories including soaps and detergents, shampoos, skin care, toothpastes, and packaged foods. British-Dutch company Unilever PLC and its Affiliates are the promoters of HUL and own 52.5 % shares in the Company (On 30 April 2013, Unilever PLC announced plans to increase its stake in the Company to 75 % by way of an open offer). Over the years, HUL has grown substantially by acquiring landmark brands and has managed to maintain its dominant market position in various categories. HUL’s portfolio includes leading household brands including Lux, Lifebuoy, Surf Excel, Rin, Wheel, Fair & Lovely, Pond’s, Vaseline, and Lakme.

HUL volume growth rises 6%, Q4 net profit at Rs.1018 Crore: HUL has posted a net profit of Rs. 10180.80 mn for the quarter ended March 31, 2015 as compared to Rs. 8721.30 million for the quarter ended March 31, 2014. Total Income has increased from Rs. 72447.30 mn for the quarter ended March 31, 2014 to Rs. 77740.40 million for the quarter ended March 31, 2015. The Company has posted a net profit of Rs. 43152.60 mn for the year ended March 31, 2015 as compared to Rs. 38674.90 million for the year ended March 31, 2014. Total Income has increased from Rs. 286401.60 mn for the year ended March 31, 2014 to Rs. 314240.10 million for the year ended March 31, 2015.During the quarter, the Domestic Consumer business grew at 9%, with 6% underlying volume growth, both ahead of market.

Financial Year 2014-15: Competitive and profitable growth delivered: The Domestic Consumer business grew by 10% with 5% underlying volume growth, both ahead of market. Profit before interest and tax (PBIT) grew by 17% with PBIT margin improving +90 bps. Profit after tax but before exceptional items, PAT (bei), grew by 8% to Rs. 3843
Crores, impacted by the higher tax rate. Net Profit at Rs. 4315 Crores was up 12%, aided by the exceptional income arising from property related sales. The strong track record of cash generation was sustained as cash from operations exceeded Rs.5000 Crores for yet another year.

HINDUSTAN UNILEVER FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 900 levels. We advise buying around 880-900 levels with strict stop loss 850 for the targets of 925-950 levels.

 

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7May

Weekly Fundamental Report Of Divi’s Laboratories Limited

Divi’s Laboratories Limited develops new processes for the production of Active Pharma Ingredients (APIs) & Intermediates. Divis Laboratories was set up in the year 1990 and established its first manufacturing facility in the year 1995 in Hyderabad and a second manufacturing facility at Visakhapatnam in the year 2002.

The Hyderabad plant comprises of 13 multi-purpose production blocks While the Visakhapatnam site has 14 multi-purpose production blocks. The Company’s product portfolio comprises of two broad segments i) Generic APIs (Active Pharma Ingredients) and Nutraceuticals and ii) Custom Synthesis of APIs, intermediates and specialty ingredients for innovator pharma giants.

The Company operates predominantly in export markets and has a broad product portfolio under generics and custom synthesis. Exports constituted around 90% of gross sales in FY 2013 are as against 89% in the previous year. Exports to advanced markets comprising Europe and America accounted for 77% of business.

Outlook and Valuation :

Divi’s Labs (DIVI) 3QFY15 PAT at INR2.2b was 8% below expectations, mainly on slower topline growth. Revenues grew 6% YoY to INR7.9b (6% miss), while EBITDA margin (36% vs 38% est) was impacted by weaker business mix, resulting in higher miss at EBITDA level (INR2.8b, down 1% YoY). Forex gain of INR112m cushioned profitability, adjusted for which net profit declined 5% YoY at NR2.1b.

We have cut our FY15-17E forecasts by 3-4% mainly to factor lower EBITDA margins (37% now, 100bp lower) on a weaker business mix as well as onset of new capex addition phase. DIVI trades at 22x FY16E and 18x FY17E (P/E), largely in line with its historic average, limiting valuation upside. Onset of large capex addition would also restrainscope for earnings surprise. Strong Balance sheet (net cash), high return ratios (RoE at ~27%) provide valuationcushion. We downgrade our rating to Neutral (from Buy earlier), with our revised target price of 1650-1550.

DIVIS LAB FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 1800 levels. We advise selling around 1750-1800 levels with strict stop loss 1900 for the targets of 1650-1550 levels.

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