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Welcome to Market Insights.In this edition, we have Pankaaj Maalde trying to explain why National Pension Scheme is not earning success despite offering a triple tax advantage post budget. But before that we have SMC and Jainam Research elaborating on the ongoing MEP Infrastructure Developers IPO, Sanjay Chhabria recommending Tata Investment Corporation, as an attractive mid-cap pick, SMC making technical forecasts on Adani Ports & Special Economic Zone and Sesa Sterlite, and Way2wealth justifying its 'Sell' call on Axis Bank, Dabur and Siemens. As usual, we also have a technical query answered by our experts in the Ask an Expert section.
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|IPO news: Jainam recommends to avoid MEP Infrastructure Developers IPO|
| According to Jainam Share Consultants, apart from the losses incurred in last five years and accumulated large debts, the company gets substantial revenue from Mumbai entry points, which means termination or reduction in revenue from it would have adverse impacts, while policy of the government regarding toll collection would also work against the company. Hence, investors are recommended to 'AVOID' the IPO.
|Attractive mid-cap pick: Tata Investment Corporation|
| Sanjay Chhabria recommends TIC highlighting its practice to invest in a diversified portfolio of quoted and unquoted securities of companies, including Tata Companies, which are engaged in various businesses with a history of strong operating and financial performance.
|Technical Calls: Adani Ports & Special Economic Zone, Sesa Sterlite|
| According to SMC, Adani Ports is very close to its 52 week high of 358 levels and may breach these levels in coming days due to the upward momentum, while oscillators in Sesa Sterlite are in oversold condition, which may help it to further rally in the near term.
|Weekly Equity Picks: Sell Axis Bank, Dabur, Siemens|
| Way2wealth is recommending a 'Sell' on these three scrips. For Axis Bank, daily MACD has given the negative crossover in the negative zone. For Dabur, negative diversion is visible in the daily RSI supporting bearish view in the counter. For Siemens, negative diversion can be observed in the daily RSI negative for the prices.
|NPS: Not a Promising Solution|
|The National Pension scheme (NPS) is not catching up even after six years since its inception probably because it is not competitive compared to other investment options available. Pankaj Maadle highlights some of its drawbacks.|
| Featured Technical Call for today by Flyingcalls
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|Ask an Expert|
|One of our readers and a regular investor suffered from a sudden drop in Kotak Gold's price from 2,500 to 150. Although he had realised that all his money is lost, he was still willing to know what caused the stock to plummet so steep. Read the detailed solution by Rakesh Rathod.
Do you have any such queries? Please feel free to post them on our Ask an Expert section and have your queries answered by our experts.
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