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You are here: IndiaNotes >> Market Insights - 22 June 2016 >> Mahanagar Gas IPO: Views and reviews - IndiaNotes.com Market Insights Newsletter
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Welcome to Market Insights.

Table of contents:

1. Mahanagar Gas IPO: Views and reviews

2. Dynamic Levels recommend short term and long term targets for Sintex Ind

3. Fundamental picks: These stocks have an upside of 36% & 26% respectively

4. Technical Calls: Buy Eveready Ind and GAIL

5. Pick of the week: Buy Sagar Cements at CMP & add on dips

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Mahanagar Gas IPO: Views and reviews

Mahanagar Gas Limited has come up with an IPO with an objective of achieving the benefits of listing the Equity Shares on the Stock Exchanges and of carrying out the Offer for Sale. It is to be noted that the Company will not receive any proceeds from the Offer and all proceeds from the Offer shall go to the Selling Shareholders. We have various individual analysts and brokers, including Mr. Punit Jain, Way2wealth, Dynamic Equities, AUM Capital, SPA Securities and Motilal Oswal among others making recommendations on the IPO.

Click here to read what various analysts are recommending on the IPO


Dynamic Levels recommend short term and long term targets for Sintex Ind
According to Dynamic Levels, Sintex has delivered robust results, and there is no reason why Sintex should not be a part of one’s portfolio. They are thereby recommending investors to BUY Sintex at 78.5 and add on to dips till 68. They are also recommending short-term and long-term targets for the stock.

Fundamental picks: These stocks have an upside of 36% & 26% respectively
According to SMC, PI Industries has managed to hold on to the margins and has significantly improved its working capital situation aided by Continued focus on quality of operations, strong order book position and growth on the domestic front. Similarly, Steel Strips Wheels is also striving to improve its operational performance and develop new components, which are technologically superior and have an edge overthe competitors, in order to mitigate the risk. SMC are thereby recommending both the stocks for a time-frame of 8-10 months.



Technical Calls: Buy Eveready Ind and GAIL
According to SMC, Gail has formed Inverted head and shoulder pattern on daily charts and then slowly managed to move upwards with the increase in price and volume; and this momentum might trigger the scrip successful towards its 52-week high of 418 levels in near term. Similarly, Eveready Industries has remained in an uptrend for a longer duration, and has also made fresh buying pivot near 192 levels while recovering its lost value which indicates that it may remain on upside course in the near term. SMC are thereby recommending both the scrips on technical grounds.

Pick of the week: Buy Sagar Cements at CMP & add on dips
HDFC Securities are recommending investors to BUY Sagar Cements at the CMP of Rs.619 (FY18E EV/Ton of $53) and add on dips to Rs.545-565 band (~FY18E EV/Ton of $49 and ~11.5xFY18E EPS) for sequential targets based on FY18E EV/ton of $60 and ~15x FY18E EPS and FY18E EV/ton of $69 and ~18x FY18E EPS over 3-4 quarters.

Featured Technical Call for today by Stock4Gains
GLENMARK (762): 772-780 strong hurdle. Lower side below 757, it will slide down further.
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Are you a long-term investor? Are you seeking fundamental advice? Please feel free to approach Stalwart Investment Advisors and receive convincing responses for your queries !


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