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Welcome to Market Insights.
This edition of Market Insights brings for our readers a Nifty Elliott Wave Analysis for this week by Deepak Kumar. Along that, we also have Sanjay Chhabria recommending to 'Accumulate' Blue Star Infotech, SMC recommending NALCO and Union Bank for the upside potential they hold, Prabhudas Lilladher revising their target on MindTree, and HDFC Securities explaining why SIP could be a disciplined way of investing in mutual funds. As usual, we also have a technical query answered by our experts in the 'Ask an Expert' section.
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|Attractive mid-cap IT stock: Blue Star Infotech; Accumulate|
|According to Sanjay Chhabria, the financial position of Blue Star Infotech (BSIL) is strong with almost zero debt and Rs 34 cr in cash/cash equivalents as on March 31, 2015. BSIL looks attractive for the medium-long term. Investors can start accumulating BSIL at current levels and add more on declines for decent returns of 50%-60% over the next 8-12 months.|
|Buy these stocks for 44% & 28% upside respectively|
|According to SMC, National Aluminum Company has plans to expand its production and exports to other countries in the coming years with a strong balance sheet to support management plans while Union Bank has been delivering reasonable operating and asset quality performance amidst the challenging interest rates and macroeconomic regime.|
|Free Trading: 5 free trades each month for life
Rs 2,000 at switchover
|Prabhudas Lilladher recommend this IT scrip for a revised target of Rs. 1500|
|MindTree's EBITDA margins contracted by 101bps q/q to 19.5% due to cross-currency headwinds, discoverture integration and lower utilization. Its EPS also declined by 8.4% q/q to Rs. 15.4, mainly due to Forex loss. However, FY16 outlook looks positive, with the Management expecting to beat NASSCOM guidance of 12%-14% growth in FY16.|
|SIP: A disciplined way of investing in mutual funds|
|Systematic Investment Plan (SIP) is a disciplined way of investing in mutual funds which enables the investors making regular and equal payments at regular intervals for periods to accumulate wealth over long run. An SIP is a planned approach towards investments and helps you inculcate the habit of saving and building wealth for the future.
|Featured Technical Call for today by StockHiFi
Buy VRL Logistics at 286
|Ask an Expert - An answer to your question is just an e-mail away!|
|One of our readers and an investor was searching for scrips within the NBFC space, which can deliver high returns and reasonable fundamentals over a time frame of 6-9 months. Although he had Bajaj Finance, Indiabulls Housing Finance and Dewan Housing in his mind, he was not sure about their valuations. Read the encouraging solution given by Rakesh Rathod.
Do you have any such queries? Please feel free to post them in our Ask an Expert section and have your queries answered by our experts.
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