Friday 19 February 2016

Market Brief for 22nd Feb 2016

Amid stock specific moves, markets ended the week on a robust note, perhaps, one of the best weekly close from quite some time, with gains of almost 3 percent. However, none of the sector acquired leadership and it was all very stock specific. On the macro front, crude prices appear to be stabilising around these levels and global equity markets have also managed to regain some ground. Markets are still in a jittery mode, with lot of events lined up like the Union budget, policy reform implementation, US data, geo-political scenarios, oil demands, and Chinese market recovery are some of the factors markets will watch very closely. Since the undertone for the market is bearish, any bad news will crash down the markets and good news flows would help the market to sustain the existing levels, and in that case, markets would at best remain range bound. It appears that only in the third and the fourth quarter will the market firm up, and will be susceptible to falls. 



Technically too, market looks weak and vulnerable, though 7000 on the Nifty offers a good support, a close below this level, markets would witness a renewed selling and perhaps would test 6650 levels. On the higher side, markets in terms of Nifty would face stiff resistances between 7300 and 7500. Though a test of 7500 on the Nifty is not ruled out, but all this would be a throwback rally on the backdrop of mighty fall. The short term range one would look out for is between 7000 and 7400, and the markets are exactly on the median point.

Investors should show some courage and exit from fundamentally and technically weak stocks in rallies even if one is incurring some losses, and at the same time shift into fundamentally strong stocks with good management and that are more domestic led. This is a good portfolio restructuring time.   


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Sunday 7 February 2016

Market Brief – 8th Feb 2016

Across the board, mixed news flows kept the market volatile last week which ended the week marginally lower, however, Friday, for the day it closed on robust note. Prevailing uncertainty will keep the markets volatile and jittery during this month with a negative bias. Some glimpses of hope were seen in the form of announcement by the RBI Deputy Governor, taking measures to improve cap-ex in infrastructure, finance ministry is still very hopeful on GST getting cleared in the coming session of Parliament, lately some good results declared by corporate, and crude off late, showing some traction getting stabilised giving some hope for markets to make a bull case. 



Although, there are some positives but it really needs to be seen how the implementation of 7th Pay Commission and the Union Budget events unfold and. However, if the above mentioned positives fail to deliver, since the undertone of the market is bearish, markets can very easily witness sharp falls.



Technically market too is poised to take out a sharp rally or may witness spiky slide. In terms of levels on nifty a close below 7350 would see a retest of this year’s low of 7240 if broken then a capitulation will take the markets way down to 6700 to 6800 the ultimate support for bulls to be hopeful in the long term, on the other hand if the Nifty manages to surpass 7610 and then 7725 on close basis that seems a bit difficult than we could perhaps conclude that the worst is over for the markets. So in the short term one needs to watch out 7350 on the lower side and 7725 on the higher side both on close basis.


We once again reiterate and advice investor’s fraternity to show some resilience and invest at regular intervals in growth stocks particularly those, which are having least debt leverage and are well governed.


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Head Office:
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Tel: +91-8108178683
E-mail: contact@pragmaticwealth.net

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Thursday 4 February 2016

Hexaware Technologies Ltd – Quarterly result December 31, 2015



The Audited Standalone results for the Quarter ended December 31, 2015:

The Company has posted a net profit of Rs. 809.574 million for the quarter ended December 31, 2015 as compared to Rs. 767.792 million for the quarter ended December 31, 2014. Total Income has increased from Rs. 3063.276 million for the quarter ended December 31, 2014 to Rs. 3332.876 million for the quarter ended December 31, 2015.

The Audited Standalone results for the Year ended December 31, 2015:

The Company has posted a net profit of Rs. 3329.719 million for the year ended December 31, 2015 as compared to Rs. 3183.943 million for the year ended December 31, 2014. Total Income has increased from Rs. 11844.468 million for the year ended December 31, 2014 to Rs. 13112.862 million for the year ended December 31, 2015.

 

The Consolidated Results are as follows:

The Audited Consolidated results for the Quarter ended December 31, 2015

The Group has posted a net profit after tax of Rs. 993.613 million for the quarter ended December 31, 2015 as compared to Rs. 872.593 million for the quarter ended December 31, 2014. Total Income has increased from Rs. 7007.654 million for the quarter ended December 31, 2014 to Rs. 8282.491 million for the quarter ended December 31, 2015.

The Audited Consolidated results for the Year ended December 31, 2015

The Group has posted a net profit after tax of Rs. 3932.113 million for the year ended December 31, 2015 as compared to Rs. 3201.516 million for the year ended December 31, 2014. Total Income has increased from Rs. 25736.693 million for the year ended December 31, 2014 to Rs. 31406.803 million for the year ended December 31, 2015.

Shariah Compliant Status – Compliant (Midcap/Info. Tech.)
Debt to M.Cap – 0%
Recv. to M.Cap – 4%
Cash to M.Cap – 1%
Int. Income to Total Income – 0%


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PRAGMATIC WEALTH MANAGEMENT PVT. LTD.
Head Office:
102, 1st Floor, Topaz Society,
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Tel: +91-8108178683
E-mail: contact@pragmaticwealth.net

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Tuesday 2 February 2016

Market Brief – 2nd Feb 2016

On the back of markets being over sold, staged a recovery on the news of marginal decline in fiscal deficit, strengthening rupee against dollar, rise in prices of Global equity markets, and stabilised commodity prices, aided the market to close the day and week on a positive note. The earning season reported by the companies was a mix of some good results, and some equally bad results, now since the earning season has ended the markets will look for other macro fundamental cues. One needs to see how Global markets perform in terms of the economy and the markets. One thing is for sure, that the year 2016 will be an extremely volatile year for the Global markets, including India.



Technically speaking,  if one recalls our earlier newsletters, all through we have maintained that 7200 on the Nifty is a paramount level to watch, and the markets in the previous week bounced from 7240 to close this week at 7560, this justifies short term bottom in place. The durability of this pull back rally will only be confirmed if market can manage to consistently trade above 7200 for a prolonged period. If market fails to capture 7700, and breaks below the crucial support of 7200, one would witness a huge bout of selling. Until then, markets would remain in a range between 7400 and 7700. From a medium term (intermediate) perception, a close above 8200 on the Nifty would qualify for a trend reversal. One needs to see how the markets behave to the underlying fundamentals.

Investors should be cautiously and stock specifically optimistic on the markets and be very selective in their approach. Companies with good fundamentals and growth should be bought for investments, at the same time rally should be used to exit from the laggard sectors like Metals and Mining, Capital Goods, Power & Utilities & Realty & Construction.


Click Here to go through our Weekly Newsletter
Contact us Here:
PRAGMATIC WEALTH MANAGEMENT PVT. LTD.
Head Office:
102, 1st Floor, Topaz Society,
Dr. Nair Road, Agripada, Mumbai Central (E), Mumbai 400011
Tel: +91-8108178683
E-mail: contact@pragmaticwealth.net

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