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Aug 28, 2023
BSE to divest 2.5% stake in CDSL; net profit down 18%

The BSE on Tuesday reported an 18% decline in its net profit for the December quarter to Rs 47.8 crore, compared with Rs 58.5 crore for the corresponding period of the previous financial year.

A press release issued by the bourse said that the board has given its approval to the divestment of the BSE’s 2.5% stake in Central Depositary Services (CDSL) for compliance with regulatory norms.

Total revenue rose 12%, from Rs 218.6 crore to Rs 245 crore, while operational revenues rose 6% to Rs 204 crore from Rs 192.8 crore last year. Consolidated EBITDA for the quarter under review fell 4% to Rs 80 crore from Rs 83.5 crore.

The BSE StAR MF platform recorded its highest-ever monthly transactions of 24.4 million in December 2022, up 18% from the same period last year. During the quarter, the platform enabled issuers to raise Rs 3.9 trillion via equity bonds, commercial papers, municipal bonds, and InvITs, the release said.

The average daily turnover in the equity segment decreased by 11% to Rs 4,234 crore, while that in the equity derivatives segment fell 13% to Rs 1.97 trillion. For the currency derivatives segment, the average daily turnover declined by 18% to Rs 26,246 crore.

The India INX at GIFT City reported an average daily trading turnover of $18 billion and a market share of 95%. The exchange has about $70 billion in medium-term notes established and about $50 billion in bond listings till date. Total cumulative trading turnover at Indian INX GA stood at at $7.37 billion for the quarter.

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Aug 27, 2023
Rupee likely to depreciate to 82.90 in coming weeks; USDINR spot technical set-up bullish, support at 81.90

By Dilip Parmar

The rupee took a beating, declining for a third straight week amid foreign fund outflows, higher crude oil prices and strong dollar demand from the corporates. The emerging market currencies posted their biggest weekly loss since April on expectations that US interest rates are headed higher to tame inflation. India’s inflation breached the top end of the central bank’s target for the first time in three months, validating the RBI’s worries about persistent price pressures. The CPI rose 6.2% from a year earlier, compares with a 5.72% gain in December on the back of a surge in cereal prices.

In the near term, the technical set-up for spot USDINR remains bullish. The pair is forming higher tops and bottoms on the daily chart with bullish momentum oscillators and indicators. From the level front, it has strong support around 81.90 and resistance around 82.90. Looking at the greenback against major currencies and Asian currencies, the USDINR pair is expected to head towards 82.90 in the coming weeks. Global equities and bonds that fell last week face their next big challenge with a measure of consumer prices.

The greenback is stronger amid higher Treasury yields as bets grow that the Federal Reserve will need to keep rates higher for longer to stamp out inflation. The DXY gained 0.7% to 103.63 as US 10-year treasury yields spiked to 3.73, up 20bps in the week gone. A stronger-than-expected US economy was always identified as a potential catalyst to revive the dollar, but a month of solid employment and ISM Services numbers can’t upend the negative narrative. It’s all about data now, with inflation the next key, and dollar bears may also hold long FX volatility views this week.

(Dilip Parmar, Research Analyst, HDFC Securities. Views expressed are the author’s own.)

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Aug 26, 2023
Long term stock market view positive but remain cautious at current levels | INTERVIEW

Domestic markets have been range-bound for the last few weeks now and earnings have not been stellar as we had witnessed in the previous few quarters. Given multiple headwinds ahead, earnings of sectors other than financials and oil & gas, could be on the lower side, said Shyamsunder Bhat, CIO, Exide Life Insurance in an interview with Kshitij Bhargava of FinancialExpress.com. He further shared his views on new-age internet companies, and offered investors a piece of advice amid the current market uncertainty. Shyamsunder Bhat also added that he has a positive long-term view of markets but remains cautious at current valuations. Here are the edited excerpts.

We are staring at multiple headwinds, inflation, geopolitical crisis, and interest rates hikes, what should investors do at this juncture?

But we must also keep in perspective some positives: Given the significantly high level of vaccination in India and the relatively limited impact from the Omicron variant witnessed as compared to the earlier waves, the concerns on this front have thankfully eased. With a higher GDP growth (though lower than anticipated earlier) compared to most other large economies, strong forex reserves, the longer-term position for FIIs on Indian equities is likely to be further strengthened, since some of the other emerging markets have concerns on the economic/geopolitical front. While we have been witnessing large FII outflows over the past few months due to a combination of factors this need not be construed as a change in the stance of FIIs towards Indian equities. The Indian equity market has fared significantly better than global markets not just over the past year, but also in the Jan-Mar quarter where we witnessed a sell-off of 5-8% in MSCI World as well as MSCI Emerging market indices. The significant support from retail inflows into domestic funds is expected to continue, with equities being among the very few options for retail savers to earn tax-adjusted returns in excess of inflation over the longer term.

Presently, there are headwinds for equities as well as bonds in general. Asset-allocation would vary depending upon the age, risk appetite, time-horizon and income /liquidity requirements of an individual. Or else, investing in active asset allocation funds in the ULIP space is another portfolio strategy option. Most importantly, investors should not be looking at equities from a one or two years’ perspective; their outlook should necessarily be much longer.

So far the earnings have not been stellar, what are your expectations for the overall earnings of Indian Inc in Q4?

For Q4, there is an expectation of a strong 20%+ earnings growth (year-on-year) in the BSE Sensex/NSE Nifty 50 universe. But this would be predominantly driven by the financials sector, and oil & gas. Excluding these two sectors, the earnings growth could be much lower (in single digits), pulled down by sectors such as automobiles, cement and FMCG. We have seen an overall good set of numbers from the financials sector thus far, and some disappointments in the IT sector: these have been the only 2 sectors which have largely reported numbers so far.New age internet stocks have corrected sharply and there are concerns about valuations, profitability and much more. What is your take on these stocks?We have generally avoided investing in the IPOs of these new-age companies, both due to the valuations at which these IPOs were launched, as well as due to the uncertain timeframe by when these business models can generate meaningful profits. In the current context of tighter liquidity and a possible slowing down of private equity funding, valuations may not rebound sharply even though these stocks have corrected substantially. We, therefore, continue to be cautious in this space.

LIC IPO is now live, do you think this will impact the market in the short-term sucking the liquidity out?

Since the revised fund-raise is significantly lower than that initially envisaged, the risk in terms of sucking out of the liquidity is not a concern any longer. The reduction in float as a percentage of the equity capital, as well as the reduction in the valuation as well compared to that envisaged earlier, are positives. There could be challenges, however, in meeting the total disinvestment/privatisation estimates once again in the current financial year, considering that there will not be a further stake-sale in LIC for 12 months from the time of the IPO.

Where do you see Sensex, Nifty by December 2022?

The directional intent provided in last year’s Budget was followed up well in this year’s Budget as well, in terms of providing a conducive environment for longer-term growth. We have witnessed a 19%-25% gain in the large-cap/midcap indices in the last financial year, which has to be also viewed in the context of the sharp earnings growth expected for that year. However, the earnings growth in Fy22-23 and Fy23-24 could moderate to a range of 10-12%, with the higher base of Fy21-22 and a likely difficulty in the ability of corporates to pass on their higher costs (unless demand picks up strongly). The outlook for the indices for calendar 2022 would need to be seen from this perspective.

We do not have specific targets for indices, as our investment strategy is stock-specific. Further, as insurers, our investment outlook is longer-term. We have a positive long-term outlook on our equity market, but we remain cautious at present levels, for the current year. There are a few sectors/individual stocks, however, which could deliver better returns than the indices this year. We are overweight on the financials sector (which is likely to do well in terms of margins in a rising interest rate scenario, and with credit costs under control), and in domestically oriented sectors such as cement and consumer sectors, and on select companies which appear to be competitively placed from the perspective of the PLI schemes. The IT sector is one which is witnessing a strong demand environment and a strengthening US dollar, and this sector too could do well: the disappointments on the margin front have possibly already been reflected in the sharp correction in the stocks in this sector.

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Aug 23, 2023
Rupee likely to depreciate to 83 in near term; all eyes on RBI Monetary Policy

By Dilip Parmar

Indian rupee started the year on the front foot by registering a gain in January month, the strongest January month after 2016. The lower commodity prices, the expectation of interest rate pick out and the rebound in risk assets followed by foreign fund inflows. Spot USDINR tumbled 0.98% or 81 paise to 81.93. Technical set-up remains bullish as long as it trades above 80.90 while on the higher side, one should eye on 82.70 and 83.30.

Economists expect the RBI to slash its retail inflation forecasts as inflation has surprised to the downside since it last met. The free food program introduced by the government in January puts the central bank’s projections further out of synchronise with likely developments. On the growth front, the central bank is likely to keep its projections but highlight that risks are now tilted to the upside.

Another important data will be Industrial production for December month. Growth in India’s industrial production likely accelerated in December. Improved consumer and business sentiment, lower commodity prices and increased government spending were factors likely driving the gains. The reading is likely to come at 8.6% Y/Y in December, up from 7.1% in November.

The US currency has been sliding since early November when the last of the Federal Reserve’s three-quarter point hikes was deemed to signal that peak tightening was imminent. The dollar weakened against the major currencies in the month gone as markets pricing in dovish fed going ahead. However, it is too early to say as there will be geopolitical uncertainty and the decision of the FOMC will be data-dependent. The dollar index marked the fifth month of decline in January and registered a nearly 12% drawdown. We expect some relief rallies in February before marching towards 100 as the overall trend is still bearish.

Recent Fed meetings saw a slower pace of rate hikes but signalled more to come. Markets turned a dovish ear to that hawkish signal- with yields falling and stocks rising. The January jobs report showed the labour market was still hot underscoring risks to market expectations of a Fed pivot.

(Dilip Parmar, Research Analyst, HDFC securities. The views expressed are the author’s own. Please consult your financial advisor before investing)

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Aug 18, 2023
Buy these two stocks for gains; Traders advised to hold Nifty longs with 16000 stop-loss

By Vinay Rajani

After a huge up move on May 17, the Nifty consolidated throughout the day on May 18 and closed on a flat note. Nifty reversed the trend toward north after finding forming a triple bottom at 15740 odd levels. Nifty managed to hold its level above February 2022 bottom of 15670. FIIs have started covering shorts in Index future segment. Advance decline ratio has been positive for last three consecutive sessions. Support for the Nifty has now shifted up to 16000, while resistance for the same is seen in the unfilled gap area of 16484-16551. Traders are advised to hold Nifty long positions with 16,000 stop-loss on a closing basis. 

Buy Tata Consumers CMP of Rs 757Target: Rs 800 | Stop-loss: Rs 735

Stock has reclaimed its level above its 200 DMA on closing basis. FMCG sector has started outperforming. Indicators and oscillators have turned bullish on short term charts. Primary trend of the stock has been bullish. Price breakout is accompanied with jump in volumes.

Buy Chambal Fertlisers CMP OF 410Target: Rs 435 | Stop-loss: Rs 395

Stock price has recently found support on its 200 days EMA and reversed north. On 16th May 2022, stock formed long legged “Doji” candlestick pattern, which indicates the bullish trend reversal. Primary trend of the stock is positive as it has been holding higher tops and higher bottoms on weekly and monthly charts. Fertilizer sector has been outperforming the market and same is likely to continue.

(Vinay Rajani, CMT is a Senior Technical and Derivative Research Analyst at HDFC Securities. The views expressed are the author’s own. Financial Express Online does not bear any responsibility for their investment advice. Please consult your financial advisor before investing.)

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Aug 15, 2023
Rating: buy; Devyani International – Tough macro impact seen

Devyani International Ltd’s Q3 revenues and Ebitda were broadly inline with our modest estimates. KFC same store growth (SSG) was muted at 3%, with Pizza Hut (PH) worse at (-6%). ADS was impacted by weak demand, dilution due to new store adds & downtrading. Gross margins declined to a multi-quarter low. Store adds guidance unchanged at 250-300, with higher focus on KFC (10% of stores will be flagship with larger area, expanded menu etc). Near-term outlook is clouded by tough macro, but structural story is intact, as per management.

Also read: Adani shares continue fall amid MSCI review

Gross margins declined 200bps y-o-y to 69.3%, a multi-quarter low. Continued cost inflation and product mix change (launch of Fun Flavour (FF) value menu in PH) impacted. While the input basket for KFC (Chicken, oil) seems to have stabilised, PH & Costa (cheese, milk) continue to face headwinds.

Brand contribution margins were 350bps lower y-o-y to 18.3% on account of GM decline, negative operations leverage due to the ADS dilution by new stores and marketing investments. Cost controls helped to keep corporate overheads in check. Ebitda margin was also 170bps lower y-o-y to 22%. Ebitda grew 18% y-o-y and 5% q-o-q to `1.7bn – in line with Jefferies.

The demand was good in October and December, while November saw weakness. Inflation seems to be an issue across the industry and management is closely monitoring the situation. Startup layoffs and slowdown in IT hiring is impacting demand and sentiment. In Q3, 81 stores were added with overall store count at 1,177 across formats, across 225 cities in India. The management maintained 250-300 store addition guidance, but will incrementally focus on KFC over Pizza Hut given high competition in pizza category.

Also read: Speed up capex to get loan, states told

In KFC, 27% y-o-y revenue growth was driven by 36% store additions, while SSG remained soft at 3%. Per-store revenues declined 4-7% q-o-q/y-o-y despite strong seasonality due to weak demand & ADS dilution due to store adds. GM declined ~160bps y-o-y but has now stabilised. 10% of incremental store adds will be flagship stores with larger area, expanded menu and improved digital infra. While margin dilutive in the near-term, management expects better operating metrics in the long-run.

SSG disappointed at (-6%) y-o-y due to inflation impacting demand, downtrading to FF and elevated competition in Pizza category. Overall revenue growth at 18% y-o-y was driven by 24% store adds. GMs declined 200 bps y-o-y due to inflation in cheese. Costa crossed the milestone of 100 stores with the opening of 15 stores in Q3. Revenues more than doubled y-o-y, but brand margins saw a sharp decline due to store adds.

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Aug 15, 2023
Nifty shorts still intact, avoid contra bets until any reversal signs emerge; support in 16500-16400 range

By Ruchit Jain

Nifty started the May series on a low open interest base and the stronger hands (FIIs) had rolled more short positions in the index futures segment. At the start of the new series, we did not witness any long formations as market participants were awaiting a decisive breakout beyond the recent consolidation range of 16800-17400. The U. S. Fed meet outcome was scheduled on Wednesday evening and it was anticipated that this event could lead to some conclusive breakout in the index. However, ahead of the expiry day, RBI came out with a surprise rate hike of 40 bps and this led to a sell-off in Nifty as well as Bank Nifty.

If we look at the sectoral indices, most of the sectors have seen a sell-off with the short formation in many individual heavyweights. Thus, the data is bearish and one should avoid contra bets until any reversal signs are seen. Since FIIs have much of their positions on the short side in index futures, any covering from them could be the leading signs of reversal and hence traders are advised to track the same. The immediate support for Nifty is placed in the range of 16500-16400 followed by 16100-16000 range while 16800 – 17000 is the immediate resistance range.

(Ruchit Jain is the Lead – Research, 5paisa.com. Views expressed are the author’s own. Please consult your financial advisor before investing.)

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Aug 15, 2023
Share Market Highlights: Nifty settles below 17730, Sensex falls 220 pts; Bank Nifty rises 100 pts, Tata Steel tanks 5%

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity indices ended Tuesday’s session in the red. The BSE Sensex fell 220.86 points or 0.37% to 60,286.04 and NSE Nifty 50 dipped 43.10 pts or 0.24% to 17,721.50. The top gainers on the Nifty 50 were Adani Enterprises, Dr Reddy, and Adani Ports while the losers were Tata Steel, Hindalco and ITC.

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Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates Tuesday 7 February

15:41 (IST) 7 Feb 2023 Nifty, Sensex end in red

The BSE Sensex fell 220.86 points or 0.37% to 60,286.04 and NSE Nifty 50 dipped 43.10 pts or 0.24% to 17,721.50.

13:44 (IST) 7 Feb 2023 RBI MPC likely to maintain ‘withdrawal of accomodation’ stance

“The MPC is likely to maintain its stance of “withdrawal of accommodation” and ease the pace of rate increases by RBI hiking rates by 25bps in Feb. Retail inflation is within the upper tolerance band of 6 percent and food inflation has eased off. Housing credit growth has been leading retail credit growth, rising by over 15%. As the market sentiment in the real estate sector in non-metro markets remains strong, demand is likely to offset the rate increase impact.” – Ravi Subramanian, MD & CEO of Shriram Housing Finance Ltd.

13:28 (IST) 7 Feb 2023 Adani Ports net profit falls 12%, stock rises 2%

Adani Ports on Tuesday reported consolidated net profit at Rs 1,337 crore, down 12.9% on-year as opposed to the expectation of a 25% growth for the quarter ended 31 December 2022. The company’s net revenue for the quarter also failed to street estimates. Revenue for the Dec quarter came in at Rs 4,786 crore, up 17.5% on-year from Rs 4,071 crore reported in the same quarter a year ago.

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12:23 (IST) 7 Feb 2023 Adani Enterprises shares rise 25%, Adani Transmission hits upper circuit

Adani Enterprises shares surged 25% today, touching an intraday high of Rs 1965.50 on BSE. Adani Transmission shares were locked in the upper circuit, rising 5% to Rs 1324.45. Adani Ports and Special Economic Zone shares rose 6.35% to Rs 580.70, ahead of its fiscal third quarter results due later today. Adani Green shares rose 2.75% to Rs 912.00; Adani Wilmar shares rose 5% to Rs 399.40; Adani Power Ltd fell 2% to Rs 178.80; and Adani Total Gas slipped 5% to Rs 1467.50.

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10:34 (IST) 7 Feb 2023 Tata Steel shares fall over 3%

Tata Steel shares fell 3.49% to Rs 113.50 after the company posted a consolidated net loss of Rs 2,223.84 crore for the third quarter ended December 31, 2022, impacted by multiple factors, including a rise in energy prices, and a drop in realisations and prices in Europe. The steel major had posted a net profit of Rs 9,572.67 crore a year ago. The Tata group firm’s consolidated total revenue from operations fell to Rs 57,083.56 crore from Rs 60,783.11 crore a year ago. The consolidated Ebitda fell to Rs 4,154 crore from Rs 15,853 a year ago.

10:34 (IST) 7 Feb 2023 Adani Transmission shares rise 5%

Adani Transmission shares were locked in the upper circuit, rising 5% to Rs 1324.45 after the company’s net profit rose 73% on-year to Rs 478 crore in the third quarter of the current fiscal, aided by a one-time income of Rs 240 crore from a regulatory order. Revenue for the quarter ended 31 December 2022 rose 16% on-year to Rs 3,037 crore, the company reported in a stock exchange announcement. The transmission company’s EBITDA grew 28.9% on-year to Rs 1,708 crore.

09:46 (IST) 7 Feb 2023 Adani Ports under F&O ban

Adani Ports is the stock/security placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Tuesday. According to the NSE, the stocks mentioned above are prohibited in the F&O sector because they have exceeded 95% of the market-wide position limit (MWPL). During the F&O ban period, no new positions are permitted for F&O contracts in that stock.

Stocks under FO ban

09:30 (IST) 7 Feb 2023 Top gainers/losers

The top gainers on the Sensex were Bajaj Finserv, UltraTech Cement, NTPC, IndusInd Bank and TCS while the losers were Tata Steel, ITC, Hindustan Unilever, Titan and Maruti.

09:30 (IST) 7 Feb 2023 Nifty, Sensex open in green

The BSE Sensex rose 113.93 pts or 0.19% to 60,620.83 and NSE Nifty 50 climbed 36.80 pts or 0.21% to 17,801.40.

09:16 (IST) 7 Feb 2023 US market concludes in red

The US markets ended in red on Monday. The Dow Jones Industrial Average fell 34.99 pts or 0.10% to 33,891.02, S&P 500 lost 25.40 pts or 0.61% to 4,111.08 and Nasdaq dipped 119.50 or 1% to 11,887.45.

09:11 (IST) 7 Feb 2023 Asian markets trade in green

Asian markets were trading in the green on Tuesday. China’s Shanghai Composite index rose 7.37 pts or 0.23% to 3,246.07, Japan’s Nikkei 225 climbed 60.71 pts or 0.22% to 27,754.36, Hong Kong’s Hang Seng advanced 241.74 pts or 1.14 to 21,463.90 and South Korea’s KOSPI increased 14.94 pts or 0.61% to 2,453.13.

08:13 (IST) 7 Feb 2023 Investors await RBI policy decision

“A strong job market in the United States pushed the global market lower on rate hike fears, as it offers the Fed more leeway in enacting stricter policy measures. This was in contrast to the recent rally in the global indices on the expectation that the economy is in its last phase of policy tightening. RBI’s policy announcement on Wednesday will provide more colour on its future rate actions, which is expected to hike rate by 25bps.” – Vinod Nair, Head of Research at Geojit Financial Services.

08:11 (IST) 7 Feb 2023 Bank Nifty undertone remains bullish

“The BANK NIFTY index faced range-bound trading between 41000-42000 levels where the bulls and the bears were active. The index to resume the up move must surpass the level of 42000 on the upside on a closing basis. The undertone remains bullish and one should keep a buy-on-dip approach with immediate strong support at the 41500-41400 zone.” – Kunal Shah, Senior Technical Analyst at LKP Securities.

08:10 (IST) 7 Feb 2023 Nifty trend may remain sideways

“Nifty remained volatile before closing lower as Nifty ended about 90 points lower. On the daily chart, the index has been making lower tops, suggesting a waning bullishness. However, the bulls could protect the support of 17650. Going forward, the trend may remain sideways. On the lower end, supports are placed at 17650/17400. On the higher end, 17950-18000 may act as a crucial resistance.” – Rupak De, Senior Technical Analyst at LKP Securities.

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Aug 13, 2023
Sensex, Nifty witnessing longest weekly fall in two years, but pullback now on cards; Check stocks to buy

By Rahul Shah

The Sensex came under fag-end selling pressure to close in the red for the sixth straight session as risk-off sentiment prevailed amid unabated selling by foreign institutional investors and concerns over inflation. This is the longest weekly losing streak for Sensex and Nifty in over two years since the run ended in April 2020. Sensex nosedived nearly 3000 points or 5.2% to close at 52794 and Nifty slipped over 900 points or 5.4% to close below 16000 at 15782 level. Domestic market is unable to sustain higher levels as concerns of consumer inflation (CPI) rose at the fastest rate in eight years in April due to higher food and fuel prices, fueling speculations that the Reserve Bank of India will further lift interest rates.

Among the major sectors, Metal index witnessed biggest losses this week (declined 14.3%) on account of US Dollar Index surged to 22-year high of 105. The yellow metal fell 8% from the recent high to a three-month low at $1824/ounce as investors favored the dollar as a store of value amid accelerating inflation and expectations for aggressive monetary tightening. Interest sensitive sectors like banks and the realty index declined by 6% and 9% respectively on the hope of RBI hiking further interest rates.

Bounce back this week?

Markets are expected to see a pullback this week after a sharp correction in last few trading sessions on account of being in oversold territory. Bargain hunting in the market may not be ruled out after Nifty Auto to Tech Index corrected by 20-25% from the recent peak. However, traders need to keep light position and avoid aggressive buying till clear trend emerges. RBI minutes of meeting will be announced on Wednesday while LIC IPO listing is likely to be on Tuesday. Overall, there was negative sentiment in the market on account of domestic inflation spiked to 8-year high and US Inflation surged to 40-year high. Soaring global inflation may hint towards aggressive rate hike by most of the global countries. India announced to cap on wheat exports and Indonesia announced a ban on palm oil exports to protect their inflationary pressure.

Rise in Covid cases in China, Russia-Ukraine geopolitical concern, spiked in oil price, surge in USDINR to new peak at $78, relentless FIIs selling, US Dollar Index over 20-year high may dent market sentiment. India’s merchandise trade deficit widened to $20.11 bn in April compared to $15.29 bn in the year-ago period driven by the higher cost of importing oil amid continued geopolitical concerns globally which indicated to elevated trade deficit. IMD says that the June-September monsoon will likely reach Kerala on May 27, earlier than the usual arrival date of June 1, it may positive sentiment in the domestic bourses.

In oversold territory

Nifty has been witnessing some weakness since the last few trading session and has been volatile while inching lower. It has formed a bearish candle on the daily and weekly scale which will keep the index under pressure. However, the momentum indicators are in extremely oversold territory on the daily scale so some pullback cannot be ruled out till the higher levels of 16250-16500 zones where there can be resistance faced. On the lower side the support is placed at 15600-15400 zones.

Ambuja cement: BUYTarget: Rs 380 | Stop loss: Rs 352

Ambuja Cement has given a trendline breakout on the daily scale and it has taken support at the 50 DEMA as well as the 38.2% retracement of the recent rise. It has formed a strong bullish candle at the support zone indicating buying interest in the counter. RSI oscillator is also positively placed on the daily and weekly scale. Considering the current chart structure, we advise traders to buy the stock for an up move towards 380 with a stop loss of 352.

Kotak Mahindra Bank: BUYTarget: Rs 1900 | Stop loss: Rs 1720

Kotak bank has formed base around 1700 zones and inched higher. It has given consolidation breakout on daily scale which has bullish implications. Stock has formed bullish candle on daily chart and supports are gradually shifting higher. RSI oscillator is also positively placed on the daily and weekly scale. Considering the current chart structure, we advise traders to buy the stock for an up move towards 1900 with a stop loss of 1720.

(Rahul Shah is the Senior Vice President, Group Advisory Leader-PCG, Broking & Distribution, Motilal Oswal Financial Services. Views expressed are the author’s own. Please consult your financial advisor before investing.)

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Aug 12, 2023
Thorang Mizoram Assembly Constituency Election 2023: Date of Result, Voting, Counting; Candidates

As anticipation mounts for the upcoming Thorang Constituency Election in Mizoram, voters are eagerly awaiting the big battle that kicks off with the announcement of key dates by the Election Commission of India. Here, we provide you with essential details about the Thorang Constituency Assembly Election 2023 that every voter should be aware of.

Thorang Constituency Mizoram Assembly Election 2023: Voting Date

The voting date for the Thorang Assembly Constituency Election 2023 has been officially announced by the Election Commission. As per the ECI, Thorang Assembly Constituency will go to polls on November 7. Stay tuned for updates as we bring you the latest information.

Thorang Mizoram Election 2023: Candidates

Watch this space as prominent political parties, including the Indian National Congress (INC)Mizo National Front (MNF)and Bharatiya Janata Party(BJP) along with others, are poised to reveal their candidates for the Thorang Assembly Constituency Election 2023 post the official declaration of voting dates by the Election Commission of India.

Stay informed as we bring you the latest updates on the Thorang Assembly Constituency Election 2023, keeping you abreast of all the developments and insights that matter to you.

Thorang Constituency MZ Election Result: What happened in 2018

Zodintluanga Ralte from Thorang of Mizoram, won the seat with 4549 votes. He defeated Mizo National Front’ R Rohmingliana who had polled 3276 votes. The winning margin was 1273 votes.

2018 Thorang Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesZodintluanga RalteIndian National Congress4549

Candidate List Party Name Votes Gained (Vote %) Zodintluanga Ralte Indian National Congress 4549 (39.79%) R Rohmingliana Mizo National Front 3276 (28.66%) Joseph Lalzawmliana Bharatiya Janata Party 1753 (15.33%) Lalrinzuala Independent 1102 (9.64%) Lalhuliana National People’s Party 671 (5.87%) None Of The Above None Of The Above 81 (0.71%)

Thorang Constituency MZ Election Result: What happened in 2013

In the Mizoram Assembly election of 2013, Zodintluanga won from the Thorang seat garnering 6423 votes and defeated Mizo National Front candidate Joseph Lalzawmliana who bagged 3919 votes. The candidate who came third was Zoram Nationalist Party’ Elis Lungtiawia.

Zodintluanga got 6423 votes while Joseph Lalzawmliana got 3919 votes.

2013 Thorang Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesZodintluangaIndian National Congress6423

Candidate List Party Name Votes Gained (Vote %) Zodintluanga Indian National Congress 6423 (59.15%) Joseph Lalzawmliana Mizo National Front 3919 (36.09%) Elis Lungtiawia Zoram Nationalist Party 347 (3.2%) None Of The Above None Of The Above 169 (1.56%)

Thorang Constituency MZ Election Result: What happened in 2008

Zodintluanga of the INC was the winning candidate from the Thorang constituency in the MZ Assembly elections 2008, securing 4442 votes while 2613 votes were polled in favour of Lalnuntluanga Sailo of the MNF. The margin of victory was 1829 votes.

2008 Thorang Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesZodintluangaINC4442

Candidate List Party Name Votes Gained (Vote %) Zodintluanga INC 4442 (46.31%) Lalnuntluanga Sailo MNF 2613 (27.24%) Zothanpuia Sailo IND 1629 (16.98%) Paritosh Chakma IND 841 (8.77%) B N Lalit Chakma LJP 67 (0.7%)

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