Special Report on Stock,Equity Market

Super Stocks 

1.   JET AIRWAYS:

 The stock of Jet Airways is strong bullish in near term. Investors with a short-term perspective can consider buying the stock of Jet Airways at current levels. Jet Airways’ (JAL) Q4FY17 consolidated revenue, at INR 57.3bn, grew 3.5% YoY as the 8% RPKM spurt was compensated by 4% correction in passenger yield. Despite improvement in non-fuel costs (CASK, excluding fuel, down 5% YoY), spurt in fuel cost led to EBITDAR margin plummeting 1400bps to 13%. As a result, PAT plunged 95% YoY to INR 23mn.. key immediate resistance at around  575. Since taking support at 550. key immediate resistance at around 565. Since taking support at 550. consider buying the stock while maintaining a stop-loss at  547. Short-term targets are 600 and 615 levels.

 2.  RELIANCE CAPITAL:

Last week we saw a huge movement in Reliance Capital this movement came on the back of news. The life insurance business consolidation is over with a shifting product mix and higher non par portfolio provisions. Hence, we expect better profits in FY18. Healthy growth is seen in the AMC business with strong capital markets and excess demonetization savings, both pushing up the AUM growth. Our SoTP based target price of Rs 660 fetches a target multiple at 1.1x FY19E P/ABV, which is still reasonable. There is immediate support below the level of 640 and 620, the resistance of 657 and the next immediate resistance of 680. Short-term targets are 660  and 675 levels.

 3.   AARTI INDUSTRIES.:

Yesterday prices of Aarti Industries closes positive above Resistance  at 909.65 Technically in daily chart, overall trend is bullish but we can see that there is consolidation range between 910-950 and in Friday trading session we saw that it break the consolidation level at 908. Aarti Industries (AIL) has secured a INR 40bn multi-year contract from a global agriculture company to supply a high-value agrochemical intermediate. The contract entails capex of INR 4bn with cumulative revenue potential of INR 40bn (10% incremental revenues p.a.) spread over 10 years starting from FY20. The product will fetch higher margins of 40% versus current EBITDA margin of 22-24% So, the investor can take long position when the prices retrace to the level of 910 it can further breach to the level of 970-1040 and can put the risk part below the level of 890. It can extend its uptrend and reach the price targets of 1000  in the upcoming trading session.

4. FORTIS HEALTHCARE :

The stock Fortis Healthcare is strong bullish in Daily Chart . According to media reports, IHH may buy a controlling stake in the company from the promoters, valuing FORH at INR 140b. This would mean a fair value of INR 270/ share (>35% upside from current levels). we can see some good Run in upcoming days. The stock, since taking support at 170  , then stock has taken sideways. The long term trend is also up for the stock. But the stock encountered a key resistance at 190 . if the stock break the level of 190 will seed jumped around 10 percent in a next week. The buying interest is evident as the daily and weekly chart. It can extend its uptrend and reach the price targets of 240  in the upcoming trading session. Buy the stock with stop loss at 165 .

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