Stock Market NSE BSE India

Learning Analysis

HBL engineering Ltd
Cmp 979.20
SL 880
May reach 2000+

Buy JIO FINANCE
CMP @327
SL @298
Target @ 650+
Duration 1 year

Note : For study only

Learning trade levels:

Buy *Sail* @135
Sl - buy on dips
Tg - 150+

Technical learning stock

We can Buy *IDFC First* @86
SL 84.50
Tg 100+

Star Housing Finance Ltd

CMP 78

SL68

1st Target 100
2nd Target 135
3rd Target 155

Buy Resegen Ltd @ cmp 76/78 target 100 ++++ in coming one month. 👍

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Asmita Patel

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*US FED* Meeting Update

📌 US FED hikes rate by 50 bps to 4.25%

📌 Rate will continue to remain high till the time Inflation cools off to 2%

📌 Expected Terminal rate is 5.1% for 2023 against earlier expectation of 4.6% - This shows that US job market continue to remain robust and US central bank wants pace of growth in US economy to slow so that inflation can quickly and persistently come under control

📌 This implies next hike will of further lower magnitude of 25 bps

📌 Next US Fed meeting is scheduled on 1st Feb23

📌 As of US Dollar Index is trending down and is trading near 103 levels. This augurs well for emerging markets like India from fund flow perspective

📌 Overall policy is neutral event in short term and street will focus on other key developments in domestic market

Stocks in News for *Today*

*UltraTech Cement:* Commissioning 1.9 MTPA greenfield clinker-backed grinding capacity at Pali, Rajasthan. (Positive)

*Reliance Ind:* Heads Up Ventures enters into a pact with Reliance Retail to sell its products (Positive)

*Tata Motors:* Board approves partial divestment of the company’s investment in Subsidiary Tata Technologies through IPO route (Positive)

*HDFC:* BSE & NSE give in-principle approval to merger with HDFC Bank (Positive)

*Delta Corp/Nazara Tech:* GoM report on online gaming, casinos and race courses unlikely to be taken up in the upcoming council meeting (Positive)

*Bank of Baroda:* Board approved divestment of holding in Nainital Bank (Positive)

*TVS Motor:* Plans to launch Euro-5 two-wheelers in Turkey (Positive)

*Gold Loan NBFCs:* Gold prices pierced and sustained above $1800/oz (Positive)

*Oil upstream stocks:* Brent again crossed $80/barrel on supply risks amid ongoing Keystone outage (Positive)

*PEL:* Piramal Capital acquired 100% stake in PRL Agastya for Rs 90 cr (Neutral)

*Yes Bank:* Board approves allotment of shares & warrants to Carlyle Group & Advent Intl (Neutral)

*Patel Engineering:* Company to consider fund raise via Rights Issue on December 16 (Neutral)

*Adani Transmission:* Says incorporates unit Adani Cooling Solutions (Neutral)

*IFB Industries:* The company has received approval from board of directors for investment of up to Rs 97 crore in equity issue of IFB Refrigeration in one or more tranches. (Neutral)

*Axis Bank:* The private sector lender has received board approval for allotment of 12,000 non-convertible, Basel III compliant Tier II bonds (Neutral)

*Sagar Cement:* Company to consider a draft scheme of amalgamation for the proposed merger of its wholly-owned subsidiary Jajpur Cements with itself (Neutral)

*Paytm:* Board approves Open Market share Buyback up to Rs 850 cr at max Rs 810/share. (Negative)

*Bayer Crop:* Company temporarily discontinued operations at crop protection formulations plant at Himatnagar (Negative)

*Oil downstream stocks:* Brent again crossed $80/barrel on supply risks amid ongoing Keystone outage (Negative)

*Penny Stock*

Buy *RRIL* @16.90 sl 12 tg 30+

Cash: BUY AMARAJABAT around 657-59 sl close below 636 for 690-700

3-5 days

POSSIBLE MULTIBAGGER STOCK, BUT HIGHLY ILLIQUID

PARNAXLAB around 75-80 SL CLOSE BELOW 56 for 180-220

4-7 months

BUY SLOWLY