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You are here: IndiaNotes >> Market Insights - 29 Jul 2015 >>Pair trade: Buy ICICI Bank and sell Bank Nifty - IndiaNotes.com Market Insights Newsletter
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Welcome to Market Insights.

In this edition, Pankaaj Maalde takes the opportunity to warn investors against the disadvantages conventional investments like fixed deposits hold. But before that, we have Aditya Trading Solutions recommending to buy Kwality at CMP and add on dips, Way2wealth suggesting a strategy to exploit the benefits of the price-movements of ICICI Bank and Bank Nifty, SMC citing upside potential in Infosys and McLeod Russel India, and Firstcall Equity Research recommending Deepak Nitrate for the mid- to long-term. As usual, we also have a technical query answered by our experts in the 'Ask an Expert' section.

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Kwality: Buy at CMP and add on dips

According to Aditya Trading Solutions, the tremendous growth potential of diary based packed food market in India leaves Kwality in a perfect position to grow consistently in the market at faster rates. The sequential targets recommended by ATS Research represent Kwality's ~9x to ~10.8x FY17E EPS.


Read the detailed analysis on Kwality by Aditya Trading Solutions


Pair trade: Buy ICICI Bank and sell Bank Nifty
According to Way2wealth, both the stocks are correlated to each other, and 120 days correlation between the two is around 83%. However in short-term, ICICI Bank has underperformed Bank Nifty, and with this price ratio hovering around 2 Standard Deviation, leads to an ideal scenario to benefit from the price movement of both the stocks and leverage the price ratio reverting to the mean.

Fundamental picks: These stocks have an upside of 15% and 12% respectively
According to SMC, Infosys is confident of sustaining growth volumes in the coming months through various initiatives, and the management expects attrition rate to be among the best in the industry by FY'17. Similarly, McLeod Russel India is striving for excellence, and its focus to produce quality teas would continue to command a premium both in the domestic and international market.


Buy Deepak Nitrate, growth opportunities and diversified portfolio to help offset vagaries in global markets
According to Firstcall Equity Research, Deepak Nitrate continues to gain from value added product portfolio and steady growth from the FWA segment. Also, while growth opportunities in export as well as domestic market remain encouraging, the company's diversified product portfolio would help offset the vagaries in the global markets.

Are you still investing in fixed deposits?
According to Pankaaj Maalde, investors conventionally park their savings either in bank fixed deposits or postal schemes, as it is a common tendancy to compromise returns over safety. However, although fixed deposits are dud products, they also have many disadvantages that investors must know before parking their funds.

Featured Technical Call for today by DHARMESH BHATT
Sell GLENMARK considering 1016 a crucial resistance keeping stop loss of 1031
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Ask an Expert - An answer to your question is just an e-mail away!
One of our readers and an investor wanted to know the future prospects of Onmobile Global and understand why Goodluck Steel Tubes in a downtrend in spite of posting good results. Read the convincing reply given by Rakesh Rathod.

 

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