SD Solutions

  The average revenue per user (ARPU) during the quarter came at Rs 151 per subscriber per month as against Rs 145 per subscriber per month in the September quarter. Reliance Jio, the telecommunications arm of Jio Platforms, on January 22 posted a net profit of Rs 3,489 crore for the quarter ended December 31, 2020. The profit was higher than the street expectations as analysts in a CNBC-TV18 poll had estimated the number at Rs 3,200 crore. Jio's net profit grew 15.5 percent QoQ as in the September quarter of FY21, its profit was Rs 3,020 crore. The average revenue per user (ARPU) during the quarter came at Rs 151 per subscriber per month as against Rs 145 per subscriber per month in the September quarter. A CNBC-TV18 poll had estimated ARPU at Rs 148.2. Revenue, including access revenues for the quarter, was Rs 22,858 crore ($3.1 billion), up 5.3 percent QoQ. A CNBC-TV18 poll had estimated revenue to the tune of Rs 18,165 crore. EBITDA for the quarter stood at Rs 8,483 crore ...

  Volatility has spiked above 24, pausing the positive momentum. and needs to be below 20 for the index to climb again, Chandan Taparia of Motilal Oswal has said. The Nifty50 fell sharply for the second day running due to selling pressure and lost more than 150 points on January 18. The correction was seen across sectors, with the Nifty metal falling the most with a 4 percent loss. Bank, financial services, auto, IT, realty and pharma indices were down 1-3 percent. After opening higher at 14,453.30, the Nifty hit the day's high of 14,459.15 in early trade only to slip into the red. The index tried to recoup losses in the afternoon but fell sharply in the last hour and closed 152.40 points, or 1.06 percent, lower at 14,281.30. The index formed a bearish candle on the daily charts as the closing was lower than opening levels. Experts advised caution as the   Union Budget   2021 nears and said the volatility is likely to continue in the coming days. "Bears appear to be slowl...

  Intraday traders should create fresh shorts if the Nifty trades below 14,357 for more than 30 minutes on January 18, Mazhar Mohammad of Chartviewindia has said. The Nifty50 snapped its five-day winning streak and corrected more than one percent to form a bearish candle on the daily charts as closing was lower than opening levels on January 15. Weak global cues despite US unveiling plans for a $1.9-trillion stimulus package weighed on sentiment. Selling pressure was seen across sectors with the Nifty IT, metal, pharma and financial services indices declining 1-2 percent, while the broader markets also fell 1 percent. For the week, the Nifty50 gained 0.6 percent and formed a Doji pattern on the weekly scale as closing was near the opening level. The Nifty50 opened flat at 14,594.35 and hit an intraday high of 14,617.45 in early trade but immediately slipped into the red to hit the day's low of 14,357.85. The index fell 161.90 points or 1.11 percent to close at 14,433.70. Experts sa...

  All the sectoral indices ended in the red with IT and PSU bank indices falling 2 percent each. The market remained under pressure on January 15 on the back of profit-booking across sectors amid weak global cues. At close, the Sensex was down 549.49 points or 1.11% at 49,034.67, and Nifty was down 161.90 points or 1.11% at 14,433.70. "The market witnessed profit-booking and following global trends. Nifty continues to resist 14,600 and has taken a dip towards 14,360. If the market closes below 14,380 levels, we might see a correction till the levels of 14,180-14,200. Momentum indicators like RSI, MACD are indicating a small correction in the markets," said Ashis Biswas, Head of Research at CapitalVia Global Research. All the sectoral indices ended in the red with IT and PSU bank falling 2 percent each. Broader markets performed in line with the main indices with BSE Midcap and Smallcap indices falling 1 percent each. Tech Mahindra, GAIL, HCL Tech, Wipro and ONGC...

The grey market premium has increased significantly from Rs 400-500 on January 11 to Rs 840-850 on January 15. Indigo Paints, one of the fastest-growing paint companies in India, was trading at more than 50 percent premium over its higher issue price band of Rs 1,490 per share in the grey market after the announcement of IPO details. The premium in the grey market as of January 15 was at around Rs 840-850 per share, which means the grey market trading price stood at Rs 2,340-2,330 against the issue price of Rs 1,490, as per the data available on IPO Watch. The premium increased significantly from Rs 400-500 on January 11 to Rs 840-850 today. The grey market is an unofficial trading platform where shares get traded well before the allotment in an initial public offering and till the shares get listed on bourses. It generally estimates the expected listing price of a stock. "Currently Asian paints and Berger paints are trading at a PE of 111 and 148, respectively, while Indigo Paint...

  Experts are of the view that a repeat of 2020 or what happened in March might not be possible but some consolidation cannot be ruled out. Back in March when everyone wanted to write-off 2020 from their books, hope and liquidity supported markets and investor sentiment. Nobody thought that after touching a 3-year low in March 2020, benchmark indices would give double-digit returns by the end of the year. The S&P BSE Sensex and Nifty50 rallied by about 15 percent in 2020 and the big outperformance came from the small and midcap stocks. The rally is still continuing in 2021. The S&P BSE Sensex, which climbed Mount 49K, is up over 3 percent while the Nifty50 is up over 4 percent so far in January. Sensex scaling the 49,000-mark and Nifty50 touching 14,500 levels ahead of the Budget 2021 could make anyone cautious about the strength of the rally. Back in January 2020, both Sensex and Nifty touched fresh highs ahead of Budget, and then the market fell like a pack of cards. The ...

HDFC is moving in an uptrend with a minor corrective decline. The range is classified as a flag and a breakout of falling minor trendline confirms a possible upside. HDFC is moving in an uptrend with a minor corrective decline from Nov 20 highs. The decline is on lower, contracting volumes and suggests a correction within an ongoing trend. The range-bound action can also be classified as a flag as it is on coming off a sharp rally. A breakout of falling minor trendline confirms a possible upside. Buy around Rs 2300-2310. Keep a stop below Rs 2250 and hold for a target of Rs 2400 and above that to Rs 2450.

The state-owned defence company, Mazagon Dock Shipbuilders' Rs 443-crore IPO had seen the highest subscription in 2020 at 157.4 times The initial public offering of Burger King, one of the fastest growing quick service restaurant chains in India with 268 outlets, turned out to be the third issue in the calendar year 2020 to cross the subscription mark of 150 times. With a subscription of 156.6 times, it has received the second highest subscription in the current year after Mazagon Dock Shipbuilders. Burger King India targets to open 700 restaurants by December 2026. The Rs 810-crore IPO was subscribed 156.6 times overall during December 2-4 as it received bids for 1,166 crore equity shares against offer size of 7.44 crore equity shares (excluding anchor book portion). The strong interest in the issue was owing to attractive valuations, strong brand positioning, healthy financial prospects, expected robust store expansion plans of the quick service restaurant industry in I...

The IPO consists of a fresh issue of Rs 450 crore and an offer for sale of 6 crore equity shares by promoter QSR Asia Pte Ltd. Burger King India, a quick service restaurant chain, is expected to launch its maiden public offer for subscription next week. The company, after consultation with merchant bankers, has fixed IPO price band at Rs 59-60 per share, which is 5.9-6 times of its face value of equity shares. The initial public offering will open on December 2 and close on December 4, 2020. The IPO consists of a fresh issue of Rs 450 crore and an offer for sale of 6 crore equity shares by promoter QSR Asia Pte Ltd. The Indian subsidiary of US-based Burger King aims to raise Rs 810 crore via its public issue, at a higher price band. The company had undertaken a pre-IPO placement, by way of rights issue, of Rs 58.08 crore at a price of Rs 44 per share to promoter and preferential allotment of Rs 91.92 crore at a price of Rs 58.50 per share. Hence, as a result, the f...

If the expected IPOs launch in December, then the tally of number of IPOs could be similar to 2019 which had seen 16 main board IPOs. After the SBI Card  IPO  in early March, the primary market sentiment took a hit due to the outbreak of coronavirus and subsequent impact on economic activities and the secondary market. Benchmark indices crashed 25 percent each in March from January highs. Rossari Biotech, which tested the waters in the primary market with its IPO in July, had to cancel its press conference due to COVID implications. The public issue though received an overwhelming response from investors. The public issues of Happiest Minds Technologies, Route Mobile and Mazagon Dock Shipbuilders also saw spiked interest from investors and gave handsome returns on listing. As secondary market started to pick up pace, the interest in primary market also gained. By the time Rossari Biotech launched its IPO, the benchmark indices had already recovered more tha...

On the technical front, now 13,000 should act as strong resistance for Nifty while 29,500 would be an immediate hurdle for Bank Nifty. ICICI Lombard General Insurance Company | LTP: Rs 1,317.55 | Target price: Rs 1,480 | Stop loss: Rs 1,230 | Upside: 12% For the last three months, the stock has been consistently moving lower in a downward sloping channel with the formation of the lower high and lower bottom pattern. However, this week, the stock has once again moved back above its key resistance levels of Rs 1,320 with a breakout above the falling trendline of the sloping channel. The breakout can be seen with rising volumes and positive divergences on secondary oscillators. The stock is holding well above its long-term moving averages on daily and weekly intervals. EID Parry India | LTP: Rs 301 | Target price: Rs 337 | Stop loss: Rs 273 | Upside: 12% For the last nearly seven weeks, the stock has been consolidating in a broader range of Rs 265-295 along with consistent b...

Sebi has linked the IPF amount with trading volumes. The NSE derives 95 percent of its volumes from cash and derivatives trade. The size of the National Stock Exchange’s Investor Protection Fund (IPF) will increase three times after a new framework was laid out for it by the Securities and Exchange Board of India (Sebi). The market regulator has mandated a higher IPF be maintained in relation to trading volumes. The IPF is used to refund investors who lose money in the event of a default by brokers. Investors are paid up to Rs 25 lakh under this arrangement. A safety net The NSE had around Rs 585 crore of IPF money, less than the Bombay Stock Exchange, which has about Rs 750 crore. Sebi chairman Ajay Tyagi had raised concerns about IPF money during a recent conference on capital markets. A note from the NSE said: “SEBI has also advised NSE to increase the size of its IPF corpus to Rs 1,500 crore in order to protect the interests of investors in light of recent broker defaults...

Lakshmi Vilas Bank account holders can withdraw up to Rs 25,000, including outflows on SIPs and EMIs. Your money is safe. But change bank mandates soon. The merger with DBS Bank will smoothen things On November 17, the Reserve Bank of India (RBI) imposed a month-long  moratorium  on cash strapped  Lakshmi Vilas Bank  (LVB), a small private sector bank. If you are a customer of LVB, then you cannot withdraw more than Rs 25,000 until December 16, 2020. This includes your savings, current and other deposit accounts, including your fixed deposits. If you have more than one deposit account with the bank, then the moratorium will apply cumulatively on all your accounts. There’s a small relief in cases of emergencies. The RBI has said that you could withdraw up to Rs 5 lakh for medical emergencies, payment towards higher education or for marriage. “For LVB, the negative noise was there for quite some time. The moratorium comes in the wake of deteriorating financials of ...