Indian Hume Pipe Co (Q1 FY16) – Accumulate

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Indian Hume Pipe reported below estimate growth in topline After registering 50.5% yoy growth in topline in Q4 FY15, the company’s growth rate of 7.8% in Q1 FY16 was lower than our estimate of 19% yoy Order inflow for the quarter was flat at 0.7% yoy to Rs. 331cr. Orderbook…

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Jyothy Laboratories (JYOLAB)

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Subdued volume growth… • Jyothy Labs’ (JLL) posted Q1FY16 results with net sales growth of 12.1% to | 398 crore (I-direct estimate: | 396.5 crore). S&D & home care segments grew 10.7% & 19%, respectively. Consolidated revenues grew 7.5% in Q1FY16 mainly led by 5.6% volume growth & 1.9% value…

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RBI Monetray policy review

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Repo rate unchanged In line with the broader consensus, RBI decided to maintain status quo by keeping the repo rate and CRR unchanged at 7.25% and 4% respectively. The central bank will continue to monitor the developments on monsoon, ensuing inflation and US Federal Reserve monetary policy action before taking…

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Why choose Secure Trade Trading System

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Secure Trade Trading Software The Best  Trading Software Features :- Charting/Tools: This software option provides the very best tools available to support day traders with stock charting, analysis, and scanning. All of the eSignal charts are fully customizable and able to support numerous indicators, including accumulation and distribution, MACD, momentum,…

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Three Premises of Technical Analysis

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There are three premises on which the technical approach is based: Market action discounts everything. Prices move in trends. History repeats itself. Market Action Discounts Everything: The statement “market action discounts everything” forms what is probably the cornerstone of technical analysis. Unless the full significance of this first premise is…

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History of Technical Analysis

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Early 1600’s – Lottery prices plotted in England Late 1700s – Rice market plotted in Japan 1885 – 1900 – Charles Henry Dow in Wall Street September 1929 – “The Changing Of The Tides” – the title of a key article written by William Hamilton, second editor-in-chief of the Wall…

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Technical Analysis

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Definition 1) Technical Analysis is the study of data generated by the action of markets and by the behavior and psychology of market participants and observers. Such study is usually applied to estimating the probabilities for the future course of prices for a market, investment or speculation by interpreting the…

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Exide Industries (Q1 FY16) – Accumulate

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Exide Industries (Q1 FY16) – Accumulate CMP Rs146, Target Rs156, Upside 6.9%   ²  Net sales at Rs. 1,800cr was lower than our and street estimates; represented a decline of 5.9% yoy but 8.9% growth qoq ²  Weaker than expected revenues was owing to sharp fall in industrial battery and…

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Greaves Cotton (Q1 FY16) – BUY

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Greaves Cotton (Q1 FY16) – BUY CMP Rs148, Target Rs232, Upside 56.7%   ²  Revenues at Rs381cr were lower by 9.9% yoy; lower than our estimates, Engine segment revenues were lower by 5.6% yoy as growth in volumes remained flat to weak across segments ²  OPM at 16.4% was substantially…

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