SwingGun

SwingGun

infoedge or naukri can be sold by selling call (CE) at 4000. Rationale: Weak tech and weak nasdaq, unjustified recent rally in Infoedge. Current P/E ratio is 60, ideal P/E for naukri is 30. Target for infoedge / naukri (immediate): 3000 None of my previous targets on tradingview have missed, including report on Adani. Purely fundamental analysis. Price action...

SwingGun

Indeed is a Japanese company, direct competition with Info Edge brand, Naukri. Naukri valuation / p/e ratio is steep when IT hiring this low. Naukri or infoedge stock has low liquidity and unjustified upsurge in last 5 days. This calls for selling until 3000 levels achieved (short term). Long term targets are 1800, 1500, 1200 Sell call options at 4000 spot...

SwingGun

Naukri or Info edge heard to be involved in insider trading. Fat P/E ratio of 60 as well, if the sources are not to be believed. Pump and dump scrip, target is 1500. Timeframe one year.

SwingGun

Morgan Stanley published target of 95 Spot price for Tata steel earlier today. Looking at poor state of Nifty (under 18000), and sharp increase in Tata steel price, we see more downside than there is upside, in Tata steel. Also, Tata steel has rallied from 85 to 115+ already. Increase in iron ore price means REDUCED margins for Tata steel, not increase in their...

SwingGun

Solid shorting opportunities. Sell call at 4100 or 4200 mark. If selling future, just sell one since this stock has a lot of downside. P/E ratio is 360+. On namah shivay and good luck.

SwingGun

Overleveraged and overpriced scrip. Intraday sell. Longer term sell to 3500. Will post a more- detailed view in few days.

SwingGun Updated 

Hero launched some models in Turkey, and appreciated 8 percent in stock spot price. However, hero motor export figures are next to nothing. Just about 20000 units. Move is disproportionate, sell CE (call option) of 2700s toward 2585(200DMA level), and then 2500. Hero has tried to find solace at 200 DMA, in recent times. Hero stock price is expensive, given...

SwingGun

In total, LIC holds about 11 percent equity in Hero motor, that is correct (up from the earlier 9% approx.) However, this holding increase took place over a period of one-and-a-half years (Jan 2021, to June 2022), and not right now as news reports seem to suggest. This (actual) time frame of 1.5 years over which LIC increased their hero holding is courtesy of...

SwingGun Updated 

Hero is an intraday sell to 2400, given further fall in global indices/nifty below 16000.

SwingGun

Goldman Sachs (GS) is underweight on Hero motor, with a target price of 2080 rupees. Given this global selling environment, intraday target (Monday) for Hero motor is 2500, and heading toward 2400. Hero might very well open at 2500 (which is a nice round number)—in which case, wait till it goes to 2600 spot price, before taking bearish position (if you want to...

SwingGun Updated 

Hero motor is forming dark cloud cover in the short term (intraday) and has lot of downside in the weekly time frame. Hero at CMP of 2650 has a lot of downside, given the steel excise-duty (news driven) rally after it's poor quarterly results. Both their topline and bottom line were hit. People are not buying hero motor bike; 24% decline in sales. Net profits...

SwingGun

Intraday selling at nifty open, tomorrow. For long term picture, refer to older post. Monthly results are out . Similar to Bajaj Auto, entire two-wheeler segment is hurt. Hero is no different. Semiconductor supply issues in two-wheeler segment. Sourcing semiconductors during shortage will reduce margins as well. We see decline in exports in Hero (as well as...

SwingGun

Hero motors seen in monthly time frame shows head-and-shoulders pattern with head on top Keeping all viewpoints in mind, Hero motor has upside till 3000/- (given optimistic picture of the economy), which is 200 rupees from here—and downside till 2000/- which is 800 rupees from here, given reducing margins and decline in quarterly sales (24% decline, as seen over...