Result highlights Announced yesterday

Essar Ports Q1 cons PAT up at Rs 68.5 cr
Pidilite Ind Q1 PAT up at Rs 128 cr
Polaris Financial Q1 cons PAT up at Rs 61.2 cr
Century Ply Q1 cons PAT down at Rs 13 cr
Ashok Leyland Q1 net down 22% on higher expenses, ad spends
Lupin Q1 PAT up 33.5% to Rs 280 cr, stock up 2.5%
Drugmaker Lupin profit misses estimates on higher taxes
eClerx Q1 net profit up 62% at Rs 49.3 cr, stock up 12%
LIC Housing Q1 disappoints, net down 11% on higher int cost
Shriram Transport Q1 cons PAT down 3% at Rs 342 cr
Canara Bank Q1 PAT up 7% at Rs 775 cr

Torrent Power Q1 cons PAT down at Rs 104 cr
Container Corporation Q1 PAT up at Rs 245 cr
Sesa Goa Q1 cons PAT up 15% at Rs 964 cr
ING Vysya Bank Q1 net up 38% at Rs 130 cr
SBBJ Q1 net profit up 31% at Rs 168 cr
ING Vysya Bank Q1 PAT up at Rs 130 cr
SKF India Q1 PAT down at Rs 47 cr

Check out the Latest Quarterly Results ..

Events - 25th July

Results: Biocon, HCL Technologies, IB Real Estate, GTL Infra, Jubilant FoodWorks, MRF, Power Grid Corporation of India, Yes Bank
Check out the Latest Quarterly Results

Nifty Analysis for 25th July

Nifty likely to trade in range on down side 5100 will act as good support for the day and 5172 will act as good resistance .any dip close to 5100 which be utilized for buying and any upside close to 5172 should be utilized for selling. 200days simple moving average is placed at 5172. check out Detailed Analysis

Sutti Winding up

The Cabinet has cleared a proposal to wind up the Specified Undertaking of the Unit Trust of India (SUUTI).The Cabinet has now decided to set up a National Asset Management Company (NAMC), idea is to raise fresh capital and buy PSU stocks ... holdings of SUTTI to get transferred -Axis Bank, LT and ITC stock are the key holdings... TOtal holding value as per current market cap is around 40K crores. Is Government better of selling all the stake in these private companies or raise more capital (by pledging these stocks ??? ) and buying PSU stocks ? 

Terrible Sentiment in the Markets

It may not be wrong to say that the current market sentiments are as low if not more than what we all saw in 2008. For instance more than 150 stocks in NSE have hit their 52 week low today and no stock saw 52 week high today. There are more than 400 stocks which are trading very close to their 52 weeks low in NSE. (Gain more insights from http://www.traderscockpit.com/?pageView=technical-screening)
Will be interesting to see how Western Equity markets trade today on the basis of EU outcome today.

Rakesh JhunJhunwala to offload his stake in Aptech

There is a buzz around that Rakesh JhunJhunwala is planning to offload his stake in Aptech which he has been holding for more than six years. The price at which the deal is expected may be at some premium compared to its current market price. If the price and news is confirmed the stock may move up in near term... but the long term call is more interesting question. On the charts it is not looking good and has not gone anywhere in last few years, but has a very strong support around 80-85 levels. Its current market price is 94.2 .

Check Out Saved Screener feature at TradersCockpit

Saved Screener feature has been recently introduced on TradersCockpit, using which one will be able to save the frequently used stock screening rules for future reference. One direct benefit is that you will save your daily screening time as one have to just execute the saved screener rules in the future visit to the site.
But we believe the more significant benefit is if you use this with the WatchList feature.  User will get automatic trade alerts via email if any of the scrips in his/her watchlist matches with any of the saved screener rules. We feel this is a powerful feature and will be really helpful in alerting the user on entry/exit signals. Let us know your thoughts.