Day: March 15, 2021

Morning Market Insight Report – 16 Mar 2021

Maitri Parikh

Bank Nifty Intraday Outlook

In yesterday’s trading session, Nifty witnessed a heavy sell-off for the second consecutive trading session due to fears of 2nd wave of COVID-19. However, the index recovered a bit in the 2nd half of the session.

We expect intraday range could be 14,682-15,129 with sideways momentum while broader range could be 14,522 to 15,317.

Nifty Intraday Outlook

In Friday’s trading session, Bank Nifty lost 0.88%, with PSU Banks gaining 0.16% and Private Banks losing 1.08%.

We expect intraday range could be 34,629 to 35,633 with sideways momentum & broader range could be expected between 34,144 to 36,187 zone for this week.

Short and Long term moving averages

Daily market statistics

Major global & domestic economic events

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Disclaimer: http://bit.ly/2uLiAVH

Suryoday Small Finance Bank Limited IPO Note – Date, Price, Review & Details

Maitri Parikh

View – Short & Long Term Investors Can Apply

Issue Highlights

Incorporated in 2008 as Micro Finance bank, Suryoday become a SFB in the span of 8 years. It has now expanded over 13 states and UTs, and aims to raise ~INR 582 Crs through this issue.

Issue Details

Company Strengths

  • Customer centric approach with a focus on financial inclusion.
  • Diversified asset portfolio with a focus on retail operations.
  • Fast evolving granular deposit franchise
  • Leveraging emerging technologies to enhance digital footprint
  • Strong credit processes and robust risk management framework
  • Strong past financial performance
  • Multiple distribution channels
  • Experienced leadership team

Valuation

The bank is getting listed at PE of 36.95 on the basis of Forward FY 21 EPS, against the sector PE of 39.5. We recommend to apply for the issue based on its attractive valuation and strong financials.

Issue Break-Up

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Disclaimer: http://bit.ly/2uLiAVH

Nazara Technologies Limited OFS Note – Date, Price, Review & Details

Maitri Parikh

View – Long Term Investors Can Apply

Issue Highlights

Incorporated in 1999, Nazara Technologies Ltd. is a leading India based gaming & sports media platform with presence in India & across emerging & developed global markets such as Africa & North America.

Issue Details

Company Strengths

  • Leadership position in a diversified and scalable business.
  • Portfolio of premium intellectual property & content across regions & businesses.
  • Large community of users, with attractive monetization opportunities.
  • Successful inorganic growth through strategic acquisitions.
  • Profitable platform model with limited regulatory risk.
  • Strong leadership team backed by marquee investors

View

The company reported a net loss in the FY 20 and 6M FY 21, with positive EBITDA. As Indian gaming industry is increasing at a faster pace, we expect better performance of the company in long run.

Issue Break-Up

#beelinebroking #IPO #NazaraIPO #NazaraTechnologies #Gaming #Game #Sports #Sportsgame #investing #profit #business #trader #stock #sharemarket #daytrader #daytrading #wealth #stockmarketnews #success #Bse #Nse

Disclaimer: http://bit.ly/2uLiAVH

Morning Market Insight Report – 15 Mar 2021

Maitri Parikh

Bank Nifty Intraday Outlook

In Friday’s trading session, Bank Nifty lost 1.23%, with PSU and Private Banks losing 1.70% and 1.13% respectively.

We expect intraday range could be 34,992 to 35,947 with sideways to negative momentum & broader range could be expected between 34,681 to 36,258 zone for this week.

Nifty Intraday Outlook

In Friday’s trading session, Nifty witnessed a heavy sell-off of an over-bought market, due to new COVID-19 tensions .

We expect intraday range could be 14,788-15,231 with sideways to negative momentum while broader range could be 14,643 to 15,427.

Short and Long term moving averages

Daily market statistics

Major global & domestic economic events

#beelinebroking #morningbreakfast #stockmarket #stocks #investing #trading #money #investment #finance #trader #stock #sharemarket #daytrader #nifty #sensex #nse

Disclaimer: http://bit.ly/2uLiAVH