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WEEKLY EQUITY NEWSLETTER

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17th Jan 2020 to 24TH Jan 2020 Piramal Enterprises sells DRG business to Clarivate Analytics for $950 mn, Piramal Enterprises on Friday said it has signed an agreement for the sale of its Decision Resources Group (DRG) business to US-based Clarivat

MARKET UPDATES

• Piramal Enterprises sells DRG business to Clarivate Analytics for $950 mn, Piramal Enterprises on Friday said it has signed an agreement for the sale of its Decision Resources Group (DRG) business to US-based Clarivate Analytics for $950 million (over Rs 6,745 crore).This divestment is expected to be completed by end of February 2020, Piramal Enterprises (PEL) said in a statement.PEL DRG Dutch HoldCo BV, a 100 per cent subsidiary of the company, has signed a definitive agreement for the sale of DRG to Clarivate Analytics plc for a consideration of $950 million.
• Vodafone Idea on the edge after SCs AGR verdict; Jio may gain most, Jio is adding 8-9 million customers every month, so hitting the magic number could take 16-18 months, It does not require a big reach of the imagination to make out who will be the biggest beneficiary of the Supreme Court refusing to review on Thursday its earlier judgment on adjusted gross revenue (AGR). First comes Reliance Jio and at number two is Bharti Airtel.
• RIL climbs 2.5% ahead of Q3 results; GRM expected to see a slight fall, Shares of Reliance Industries (RIL) climbed over 2.5 per cent in the intra-day session on Friday ahead of its December quarter (Q3FY20) results which is scheduled to be released later in the day.
• Jubilant FoodWorks may still be a tasty bite for investors as stock gains. The stock of Westlife Development (Westlife), which runs the McDonalds  chain in the southern and western parts of the country, has always enjoyed premium valuation over its only listed peer — Jubilant FoodWorks (Jubilant). However, despite a higher base, the latters robust growth potential is likely to provide impetus to its valuation.
• Bharti Airtel stock price surged 5 per cent to hit 26-month high of Rs 499 on the BSE on Friday amid expectations that the telecom company is poised for strong market share gain.The stock of the countrys largest integrated telecommunications company was trading at its highest level since November 2017. It is 6 per cent away from its all-time high level of Rs 527, touched on October 2007.
• Dishman Carbogen“The board approved the buy-back of equity shares by the Company from open market through stock exchange mechanism for amount not exceeding Rs 72 crore at a price not exceeding Rs 150 per share,” Dishman Carbogen Amcis said in an exchange filing.

NIFTY TOP GAINERS/LOOSERS

GAINER

LOOSERS

WORLD INDICES

TECHNICAL VIEW:-

NIFTY

 

 

 

 

Recommendation: -NIFTY IS AT ALL TIME HIGH TECHNICAL CHART SHOW NIFTY MAKING ROUNDING TOP PATTERN AND MOVING AVERAGE CHANNEL  INDICATORE SHOW SELL SIGNAL SO  TRADER CAN SELL BELOW 12240 TGT -12190 TG-12140 TG -12090 SL-12310

BANK NIFTY

Recommendation: - BANK NIFTY IS DOWN MAKING TRIPLE TOP PATTERN AS TECHNICAL CHART SHOW WITH MOVING AVERAGE CHANNEL INDICATORE SHOW SELL SIGNAL  SO TRADER CAN SELL BELOW 31680 TG-31580 TG -31480 TGT- 31380  SL-31800

CALL OF THE WEEK:-

RELIANCE

 

RECOMMENDATION – AS YOU SEEN IN THE CHARTS THAT RELIANCE GAP-UP OPEN MAKING ROUNDING BOTTOM FORMATION WITH RESISTANCE BREAKOUT SHOW BUY SIGNAL SO TRADER CAN BUY BELOW 1585 TGT 1610 TGT 1635 TG 1655 SL 1530

BERGERPAINT

RECOMMENDATION – AS YOU SEEN IN THE CHARTS THAT BERGER PAINT IS AT ALL TIME HIGH AND BULLISH TREND CANDLE HIGH BREAKOUT SHOWS BUY SIGNAL SO TRADER CAN MAKE THEIR POSITION BUY ABOVE 565 TGT- 575  TG-585 TG- 595 SL 550

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