Bull's Sight Consultancy

13/06/2023

MRF Stocks Hit The Rs. 1 Lakh Mark; Becomes The First Stocks To Attain This Milestone In India

On Tuesday, the shares of Indian tyre manufacturer MRF hit a record 52-week high on the BSE, breaching the Rs. 1 lakh mark to attain a share price of Rs. 1,00,300. This is a first on Dalal Street, making the shares of MRF the most expensive in the country. The company’s shares were poised to hit this record mark earlier as well, in May, but fell short by a mere Rs. 66.50.

Disclaimer:
1. This blog is exclusively for educational purposes.
2. Such representations are not indicative of future results.
3. The securities quoted are exemplary and not recommendatory.

Source: EconomicTimes
Date: June 13, 2023

04/05/2023

Trading is not a job.

It’s a business.

An identity of the 5%.

An individual who is in control.

A belief that you can achieve when others fail.

An expression of your thoughts, feelings, and attitude—without discrimination.

Trading is freedom.

25/01/2023

Bull's Sight Consultancy

24/01/2023

Stocks in the news
Bharti Airtel: The telecom operator has confirmed that it has raised minimum tariff plans in seven circles. It raised the minimum tariff plan to Rs 155 from Rs 99-111 earlier, reports CNBC-TV18. Bharti Airtel spokesperson said the company discontinued metered tariff and introduced an entry-level plan of Rs 155 in seven circles.
Barbeque-Nation Hospitality: Anurag Mittal has resigned as Chief Financial Officer of the company. He will cease to be Chief Financial Officer from February 7, 2023. The company will release its quarterly earnings scorecard on February 7.
Triveni Engineering Industries: The company said the board members have approved further capex of Rs 90 crore for the sugar business group and Rs 100 crore capex for power transmission operations. In addition, the company has reported a 13 percent year-on-year growth in consolidated profit at Rs 147.3 crore for the quarter ended December FY23, led by lower tax cost and higher other income. Revenue grew by 34 percent to Rs 1,659 crore compared to the year-ago period, but operating profit fell 4.6 percent YoY to Rs 193.4 crore for the quarter.
Pidilite Industries: The adhesives, sealants and construction chemicals manufacturer has reported a 14.3 percent year-on-year decline in consolidated profit at Rs 307.7 crore for quarter ended December FY23, impacted by a lower operating margin. Revenue grew by 5.2 percent to Rs 2,998 crore compared to the year-ago period with C&B business growing at 7 percent. In Q3FY22, it registered robust growth as a result of trade increasing inventory stocking because of substantial price increases in the quarter. Overall numbers missed analysts' expectations.
TVS Motor Company: The two-and-three-wheeler manufacturer has clocked a 22 percent year-on-year growth in standalone profit at Rs 352.8 crore for December FY23 quarter despite higher input costs. Revenue from operations grew by 14.7 percent to Rs 6,545 crore compared to the year-ago period, with volume rising 0.09 percent to 8.79 lakh YoY. Operating profit at Rs 659 crore increased by 16 percent with a margin expansion of 10 bps at 10.1 percent compared to the same period last year. The board members have declared an interim dividend of Rs 5 per share.
Nazara Technologies: The gaming and sports media platform has clocked a 76 percent year-on-year growth in consolidated profit at Rs 18.1 crore for the quarter ended December FY23 despite the weak operating performance, led by topline and other income. Revenue from operations at Rs 315 crore grew by 69.4 percent compared to the year-ago period. Operating profit increased by 3.4 percent YoY to Rs 30.1 crore and margin fell 6 percentage points YoY to 9.6 percent for the quarter.
Macrotech Developers: The real estate developer has registered a 41.7 percent year-on-year growth in consolidated profit at Rs 404.5 crore despite lower revenue and weak operating performance, supported by other income and lower tax costs. Revenue for the quarter at Rs 1,774 crore declined 14 percent, but pre-sales grew by 16 percent YoY to Rs 3,035 crore compared to the year-ago period. The company reduced net debt by Rs 753 crore to Rs 8,042 crore.
Indus Towers: The mobile tower installation company has posted a consolidated loss of Rs 708.2 crore for the quarter ended December FY23 against a profit of Rs 1,570.8 crore in the same period last fiscal, as the company made doubtful debt provision of Rs 2,298 crore against receivables from one of the telecom companies. Revenue fell 2.3 percent YoY to Rs 6,765 crore for the quarter, and EBITDA tanked 68 percent to Rs 1,185.8 crore compared to the year-ago period.

19/01/2023

18/01/2023

Top 10 Stocks to watch Today

ITC: Cigarette-to-hotel conglomerate ITC Limited on Tuesday announced plans to acquire D2C health food brand Yoga Bar, a health snack company based in Bengaluru. The FMCG major will acquire 100% of Sproutlife Foods Private Limited (SFPL) over a period of three to four years.

Bank of India: Public sector lender Bank of India on Tuesday posted a rise by 20% sequentially (quarter-on-quarter) in net profit to ₹1,151 crore in the quarter ended December 31, 2022, (Q3FY23). The lender in a statement said it demonstrated significant improvement in various important parameters during the third quarter. The bank said its operating profit jumped to ₹3,652 crore, up by 74 per cent year-on-year (YoY) and by 8 per cent sequentially.

ICICI Prudential: ICICI Prudential Life Insurance reports outstanding results for 9M-FY2023 as the business maintained a solid YoY growth of 23.2% in the Value of New Business (VNB). The VNB, which represents profitability, grew from ₹13.88 billion in the same period last year to ₹17.10 billion in 9M-FY2023. Strong growth at VNB has been fueled by the 4P strategy's effective implementation, which includes growth in the premium and protection business as well as advancements in persistency and productivity.

Adani Enterprises: Adani Enterprises on Tuesday signed an agreement to launch a pilot project to develop a hydrogen fuel cell electric truck (FCET) for mining logistics and transportation with Ashok Leyland, India, and Ballard Power, Canada. “This collaboration marks Asia’s first planned hydrogen-powered mining truck. The demonstration project will be led by AEL, a company focused on both mining operations and developing green hydrogen projects for sourcing, transporting, and building out hydrogen refuelling infrastructure," the company said in a statement.

Tata Investments: Tata Investment Corporation Ltd on Tuesday reported a 12.55% decline in consolidated profit after tax at ₹34.74 crore for the third quarter ended December 31, 2022. The company had posted a consolidated profit after tax (PAT) of ₹39.73 crore in the same quarter last fiscal, Tata Investment Corporation Ltd said in a regulatory filing.

ICICI Lombard: Leading general insurer ICICI Lombard on Tuesday reported an 11% growth in net income at ₹353 crore in the three months ended December boosted by capital gains of ₹152 crore and higher sales. The company's gross direct premium income for the quarter rose 16.9%, lower than the industry growth of 18.1%, at ₹5,493 crore. In the year-ago period, the same stood at ₹4,699 crore.

Eris Lifesciences/Glenmark: To deepen its presence in the anti-fungal and anti-psoriasis segments, Indian drugmaker Eris Lifesciences Ltd on 17 January said it would acquire a portfolio of dermatology brands from Glenmark Pharmaceuticals Ltd for ₹3.4 billion. Through Eris' dermatology-focused unit, the deal is for the purchase of nine brands, including Onabet, Halobate, Sorvate, and Demelan for India and Nepal, Eris said.

National Aluminium Company: For the fiscal year 2022–2023, the National Aluminium Company Limited (NALCO), a Schedule ‘A' Navratna CPSE, has announced an interim dividend. NALCO informed stock exchanges that the Board of Directors in their meeting held on 17.01.2023 have approved payment of interim dividend at ₹1/- per share (20% on the face value of Rs.5/- each) on the paid-up equity share capital of ₹918.32 crores for the financial year 2022-23.

Angel One: The brokerage company's consolidated net profit surged 38.62% YoY to ₹228.04 crore in Q3FY23 from ₹164.5 Cr posted in the year-ago quarter. The company reported a net income of ₹759.66 crore in Q3FY23 compared to ₹605.25 Cr posted in Q3FY22, representing a YoY growth of 25.51%. In the third quarter, the company's clientele climbed by 60.7% to ₹1.25 crore. Consolidated EBDAT grew 6.8%.

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17/01/2023

A stop loss order will save your trading account, here’s why

A stop loss order is a type of order that gets you out of a trade automatically.

It means that you don’t need to stare at your charts the whole day and try to scare your pants off as the price approaches your stop loss order.

Now…

I’m not going to lie to you…

It hurts taking a loss…

Even if it’s just a losing trade.

But how would you feel when your stop loss order got hit, and the price went against you even more?

Except…

You’re not there to take the hit.

You feel relieved, right?

Not only do you free up space on your portfolio early to look for better trading opportunities.

But you also prevented a huge potential loss.

Can you see why this is important?

That’s why you can think of a stop loss order as a “risk police” that prevents you from losing more money or having unexpected losses.
Bull's Sight Consultancy

15/01/2023

Bull's Sight Consultancy

12/01/2023

Bull's Sight Consultancy

10/01/2023

Don’t demo trade for too long:-

So, how long should you demo trade?

One month?

Four months?

One year?

The truth is that it depends…

If you’re a day trader, then you may want to consider demo trading for one month

If you’re a swing trader, however, then you may want to consider demo trading for three months

The concept is that the higher the frequency of your trades are, the less time you should do demo trading, and if the frequency of your trades is lower then it’s the opposite.

Remember…

Your goal in demo trading is not just to test whether your strategy works.

But to see whether or not your trading plan or trading routine is for you so that you can make tweaks along the way.

Bull's Sight Consultancy

05/01/2023

When it comes to trading indicators, less is more

Here’s the thing:

Having more indicators on your chart does not increase your chances of a winning trade but only gives you analysis paralysis and not taking the trade.

You’d probably get better results if you only had a handful of indicators on your chart!

That’s why we want to have an indicator that can single-handedly:

• Determine your entries
• Determine how you’ll take profits
• Determine your stop loss

Having fewer indicators keeps your charts clean and helps you make faster decisions which will make your trading process much more efficient.

Bull's Sight Consultancy