IDBI BANK - BREAKOUT WITH HEAVY VOLUMEHi All,
This idea is about IDBI Bank Ltd
Price action has given a strong breakout with very heavy volume which indicates institutional buying. Even the shareholding pattern indicates increase in FII and DII buying with lesser retail participation
Good profit growth of 19% CAGR over last 5 years with a healthy dividend payout of 19%
Increase in Reserves which indicates higher Book Value and fairly valued at 17.8 PE
Other fundamentals
Market Cap
₹ 1,12,062 Cr.
Current Price
₹ 104
High / Low
₹ 107 / 57.8
Stock P/E
17.8
Book Value
₹ 47.5
Dividend Yield
1.44 %
ROCE
6.23 %
ROE
11.8 %
Face Value
₹ 10.0
Equity capital
₹ 10,752 Cr.
No. Eq. Shares
1,075
EPS
₹ 5.85
Promoter holding
94.7 %
Change in Prom Hold
0.00 %
Chg in Prom Hold 3Yr
0.00 %
Pledged percentage
0.00 %
Market Cap to Sales
4.27
Sales growth
15.1 %
PEG Ratio
0.94
EVEBITDA
17.4
Quick ratio
2.23
Trade receivables
₹ 0.00 Cr.
Sales
₹ 26,252 Cr.
Debt to equity
5.77
Price to book value
2.19
Free Cash Flow
₹ -1,448 Cr.
CMP / FCF
783
Happy Investing!
Thanks,
Stock-n-Shine
Dii
NOV 21 : NIFTY CONSOLIDATION #NIFTY50
Nifty : Trading in range bound region. After corporate results, nifty comes under profit booking. Stock specific action is going on.
R&S : 18050 will act as strong support and 18450 will act as strong resistance.
FII/DII : FII is long with index future of +95 correlation.(long in index future) / DII short in index future.
Sectors : Iron and Steel, Banking.
News : Indian government reduce export duty on steel.
Stocks to look out for : #jswsteel, #tatasteel, #jindalSteel
Accumulation by DII's in KIMSHello everyone!
After listing in June'21, KIMS has not move anywhere and is consolidating in a very small range since then. Recently on chart stock is looking strong as it is trading near its high from past 1 month forming a Cup & Handle pattern ready to breakout. Now look at the DII & General Public holding pattern mentioned on the chart. We can see that DII has only 16% holding when stock was listed but since then every quarter there is an increase in their holding and decrease in general public holding confirming past 1 year consolidation as accumulation. Both Technical and holding pattern data is indicating towards a coming upward rally in the stock.
Thanks!
Tatva Chintan Pharma Chem LtdBuying zones buys small small quantities
if next q give good result seems on 3000 level asap.
No. Eq. Shares Cr 2.22
---------- Promoters+ - FIIs +- DIIs + Public +
sep 2021 79.17 3.53 7.36 9.94
Dec 2021 79.17 2.91 7.87 10.05
Mar 2022 79.17 3.05 8.13 9.65
Jun 2022 79.17 3.53 10.75 6.65
DII increases stake by 3.39%
increase your stake to slowly slowly..
I see 300...What do you see in IRB ?NSE:IRB is a fundamentally strong scrip. Their incomes from toll have reported a great rise.
Furthermore, just have a look on FII holding. There is no reason not to add this scrip.
-- Infrastructure sector overall growth
-- Fundamentals
-- Diversified sources of revenue
I see a short term target of Rs.300 and Rs.350 in medium term.
What are your targets ??
The idea shared is for education purpose only.
Who is Bearish on Indian Market Most ?Thursday evening after seeing rebound in nifty I thought selling is over now we can see "V" shaped recovery but I don' t think this going to happen because of the way FII's shorted the Index. Let's Analyse the Index Future data let's start with retailers who are net buyer today they bought 11,956 index future contracts and cover the 201 shorts and now they hold 2,11,112 Long contracts and 1,30,363 shorts contracts. On the other hand DII's Neither Added Long contracts but covered 3,218 short contracts and now They hold 17,362 Long and 58,215 Shorts. Now let's talk about MARKET MAKERS (The FII) on Friday they not only covered Long but also added shorts. They covered 2,420 Long and added 17,745 short and their position in future index now is 40,493 Longs and 1,04,164 Shorts. Pro's Added 5,480 Long and shorted 690 contracts and now they currently hold 44,372 Longs and 20,597 shorts.
Participant wise Open Positions in Index FuturesHere Today's Participant wise Open Position data. In today's we can clearly see FII covered their long as well as short. Today They covered 38,478 longs and 15,750 shorts now they have 42,913 longs and 86,419 shorts. On the other hand Retailers also covered 10,870 longs and 21,214 shorts and now they hold 1,99,156 Longs and 1,30,564 shorts. Propritary desks added 2,265 Longs and covered 16,594 shorts Now they have open position in market 38,892 Longs and 19,907 shorts and Lastly DII added 332 Longs index futures and 6,812 short and they have open position such as 17,362 Longs and 61,433 shorts.
Strong continuation of upmove, what next?NIFTY 50 EOD ANALYSIS 08-12-21
In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow.
O 17315.25
H 17484.60
L 17308.95
C 17469.75
EOD +293.05 points / +1.58%
India VIX 17.27/-6.45%
SGX Nifty 08-12-21 @ 1900h = +25 points
FII DII = +1156ICrores
CHART BASED CONCLUSIONS using 5 Minutes Chart
Nifty opened with a strong gap up and sustained the same except for 5 minutes when it breached 17400 briefly.
Even though there was positivity throughout and India Vix is also showing a good downward move, the market was choppy and many SLs may have been hit on either side.
The indices made significant higher lows and higher highs.
NIFTY WEIGHT LIFTERS & DRAGGERS
Top 5 Lifters contributed = 131
Top 5 Draggers contributed = 3
Net = +128
BANK NIFTY WEIGHT LIFTERS & DRAGGERS
Top 3 Lifters contributed = 595
Top 3 Draggers contributed = 47
Net = +548
POSITIVES
Nifty closed above 17450 and closer to the day high.
Bank Nifty closed above 37200.
India Vix keeps falling.
The Advance-Decline ratio is quite impressive as 2/3rd scrips have advanced.
FII DII data is +1100 Crores
NEGATIVES
I do think anything worth a mention can fit in here today.
TRADING RANGE FOR 09 Dec 21
Nifty Support = 16900-17000 may well be the new base.
Nifty resistance = 17500-600
Bank Nifty Support = 36500-800
Bank Nifty resistance = 37500-700-37000
INSIGHTS / OBSERVATIONS
Of the total gain of 663 in Bank Nifty on EOD basis, the net contribution of the Top 3 Lifters & Draggers is 548! This explains why Bank Nifty was on a high today.
There are 2 significant things that I feel are important and these are:
Nifty’s low for the day in comparison to that of yesterday is higher by 300+ points.
Bank Nifty Low for the day in comparison to that of yesterday is higher by almost 900 points.
And this becomes even more interesting when we look at the following:
Nifty EOD is up by 300+ points than EOD price of 1-12-21
Bank Nifty is up by 900+ points than EOD price of 1-12-21
Kotak Bank is like a hedging instrument - it prefers to run on its own course as when Bank Nifty was very strong today, Kotak Bank dragged. This has been the character of the scrip.
I do not recollect when was the last time that the indices moved up this way after RBI policy announcements.
Let us see how the expiry turns out tomorrow and whether India Vix continues its downward journey. A weekly close above 17500 on Nifty and 38000 on Bank Nifty would be a good thing to have.
Nifty reached 17422 at 0925h and except for a 5 minute candle which took it to 17390, the rest of the entire day, it moved in a very narrow range of 62 points. However, Bank Nifty had a choppier day compared to Nifty with many ups and downs.
What do you feel about this?
Thank you, and Happy Money Making!
Umesh
8-12-21
NOTE --
This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right.
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NIFTY WEEKLY ANALYSISEven though there is heavy liquidity in the market and that has been driving the markets significantly higher over the last year. Nifty has rallied over 100% since the low of March 2020. A lot of investors have made way more than average returns on their investment in this dream run. Those investors would like to retrieve their amazing returns to make use of the profits (what is the point of making money if you can't use it, right?). FIIs have also been selling heavily in the last month on account of the heavy overvaluation in the Indian Markets. Yet, even accounting for the sell off, the market has not gone down significantly.
There was fear of a lockdown in Maharashtra which triggered Monday's large sell off. This has offered investors a good lower level for buying into the market again. With large buying observed yesterday, it is very likely that the market is ready to move back towards the all time high levels.
Technically as well, there is a flag and pole pattern observed on the weekly charts, which is a bullish pattern. A breakout above the top trendline will likely enable to market to make fresh all time highs above 15,400.
The dip has offered a great entry point for building long term portfolios with a lot of stocks correcting more than 10%, especially the financials. ALthough FIIs have been selling, DIIs have been net buyers for the entire period where Nifty is declining. DII activity is a good indicator of the long term expectation of the market.
The coming week may see a fresh uptrend emerge with companies announcing their FY 2020-21 earnings in April.