TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES ) Nifty futures and bank nifty future market closed at 10505/ 25667.ACCORDING To technical analysis if nifty futures and bank nifty future moves up-word in upcoming treading sessions then 10540/26000 will be next resistance level, if it break this level then nifty futures and bank nifty future can touch 10670 / 26200 level . It will be hard resistance. Meanwhile in reveres there is support on 10350/ 25400 for nifty futures and bank nifty future after breaking this support with volume there is big support for nifty futures and bank nifty future on 10050/25000
Tuesday, 26 December 2017
TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES ) MCX DAILY LEVELS
NIFTY DAILY
WEEKLY
MONTHLY
R2
R1
PP
S1
S2
10668
10550
10492
R2
R1
PP
S1
S2
11724
10815
10360
9905
8995
R2
R1
PP
S1
S2
11510
10700
10295
9891
9081
R2
R1
PP
S1
S2
26020
25780
25663
25544
25305
R2
R1
PP
S1
S2
30540
26950
25155
23358
19766
R2
R1
PP
S1
S2
28595
26582
25575
24568
22555
10433
10315
BANK NIFTY DAILY
WEEKLY
MONTHLY
MOVING AVERAGE
21 DAYS
50 DAYS
NIFTY
10318
10322
BANK NIFTY
25445
25321
PARABOLIC SAR
DAILY
NIFTY
10086
9817
7674
BANK NIFTY
25988
21517
16225
WEEKLY
100 DAYS 10142
24878
MONTHLY
200 DAYS 9810
23821
PATTERN FORMATION ( NIFTY )
Detail of Chart - Last week nifty future open at 10201 and made high of 10514 and low of 10060 moves in upside direction almost 300 points and moves around its life time high if nifty can sustain this lvel it can go further upside direction.
PATTERN FORMATION ( BANK NIFTY )
Detail of Chart - Last week bank nifty future open at 25111and made high of 25795 and low of 24000 moves 1800 almost 500 point showing its bearish trend next support for banknifty is 26000.IF Bank niftty can break this level than it shows further downward direction. Sma 21 days shows it upside movement if banknifty can sustain level of 25500 ,then it again can go upto the level of 260000.
NSE EQUITY DAILY LEVELS COMPANY NAME
R2
R1
PP
S1
S2
ADANIPORTS AMBUJACEM ASIANPAINT
EQ EQ EQ
449 291 1214
424 279 1171
413 273 1155
399 266 1128
388 261 1112
AUROPHARMA AXISBANK BAJAJ-AUTO BAJFINANCE BHARTIARTL BOSCHLTD BPCL CIPLA COALINDIA DRREDDY EICHERMOT GAIL HCLTECH HDFC HDFCBANK HEROMOTOCO HINDALCO HINDPETRO HINDUNILVR IBULHSGFIN ICICIBANK INDUSINDBK INFRATEL INFY IOC ITC KOTAKBANK LT LUPIN M&M MARUTI NTPC ONGC POWERGRID RELIANCE SBIN SUNPHARMA TATAMOTORS TATASTEEL TCS TECHM ULTRACEMCO UPL VEDL WIPRO YESBANK ZEEL
EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ
750 596 3729 2053 582 21032 615 666 287 2701 34597 560 941 1773 2003 4515 330 467 1462 1269 350 1720 386 1127 449 279 1050 1425 982 807 11081 192 221 216 949 346 581 472 792 2877 505 4711 801 386 338 334 641
715 572 3503 1892 554 20406 569 630 277 2497 32175 529 911 1738 1930 4096 294 446 1401 1229 331 1685 374 1076 427 270 1028 1331 921 779 10302 185 204 209 933 332 554 444 746 2744 500 4495 764 346 317 321 609
699 563 3423 1834 542 20148 553 617 271 2416 31207 517 898 1724 1902 3943 281 438 1376 1210 324 1668 369 1057 419 266 1018 1299 896 763 10001 183 199 206 927 326 541 433 728 2692 497 4389 748 331 309 316 591
680 548 3277 1731 526 19780 524 595 266 2294 29753 497 880 1703 1857 3677 257 425 1340 1188 312 1650 361 1026 405 262 1006 1237 861 751 9524 178 188 202 917 318 526 415 699 2612 495 4278 727 306 296 308 577
663 539 3197 1673 514 19522 507 581 261 2212 28785 485 867 1689 1829 3524 245 417 1315 1170 305 1633 356 1006 397 258 996 1205 836 735 9222 175 183 199 911 311 514 404 682 2559 492 4172 711 291 288 303 559
TOP 15 ACHIEVERS
SR.NO
SCRIPT NAME
//
TOP 15 LOOSERS
PREV CLOSE
CMP
% CHANGE
SR.NO
SCRIPT NAME
PREV CLOSE
CMP
% CHANGE
1
ONGC
185.20
196
5.83
1
DR. REDDY LABS
2399.50
2343.30
-2.34
2
HINDALCO INDUS
254.30
267.45
+5.17
2
EICHER MOTORS
30823.35
30154
-2.17
3
L AND T
1219
1266.85
+3.85
3
BHARTI AIRTEL
536.60
527.10
-1.77
4
WIPRO LTD
292.40
302.00
+3.28
4
HIND PETRO
436.35
428.85
-1.72
5
TATA CONSULTANCY
2575.30
2653.55
+3.04
5
ULTRATECH CEMENT
4360.50
4292
-1.57
6
INFOSYS
1003.95
1030.55
+2.65
6
COAL INDIA LTD
267.60
263.95
-1.36
7
BOSH LTD
19868.05
20356.95
+2.46
7
INDUSIND BANK
1670
1652.40
-1.06
8
GAIL
496.55
507.95
+2.30
8
MARUTI SUZUKI
9801.50
9705.55
-0.98
9
HCL TECHNNOLOGIES
869.45
886
+1.90
9
UPL
738
731.30
-0.91
10
HEROMOTO CORP
3701
3764
+1.70
10
KOTAK MAHINDRA BANK
1021.35
1012.60
-0.86
11
BAJAJ FINANCE LTD
1754.75
1784.05
+1.50
11
ADANI PORT
405.80
402.45
-0.83
12
SUNPHARAM
527.50
534.20
+1.27
12
INDIABULLS HOUSING FIN
1202.20
1192.50
-0.81
13
VEDANTA
316.25
319.45
+1.01
13
STATE BANK OF INDIA
317.25
-0.80
14
INDIAN OIL CORP
409.90
413.60
+0.90
14
AMBUJA CEMENT
270.65
268.70
-0.72
15
TATA MOTORS
420.10
423.90
+0.90
15
HDFC BANK
1884.50
1872.10
-0.66
AM 204 BUJ A CEM ENT
232
319.80
+13.67 %
AMBUJA CEMENT
NEXT WEEK STARS( AS PER TECHNICAL ANALYSIS ) NSE FUTURE
NSE FUTURE : BUY FEDRAL BANK FUTURE ABOVE 109.50 TGT 112.50 SL 108.50 NSE FUTURE : BUY TATASTEEL FUTURE ABOVE 721 TGT 735 SL 716
NSE CASH
NSE CASH : BUY L AND T FH CASH ABOVE 181 TGT 190 SL 175 NSE CASH : BUY IDEA CASH ABOVE 101 TGT 106 SL 97
NSE - WEEKLY NEWS LETTERS ✍ TOP NEWS OF THE WEEK IMPORTANT EVENTS TO WATCH OUT FOR NEXT WEEK - With next week going to be a truncated one, traders and investors will choose a wait and watch approach amid a long weekend. However, later in the week, in terms of macro-economic data the government is scheduled to release fiscal deficit data for the month of November on the 29th of December. Apart from this, global cues, crude oil prices, and currency will also be closely watched for further direction.Apart from this, the results season kicks off gradually as Shilpi Cables will announce its results on December 25 while Patel Engineering Limited will come out with its quarterly earnings on December 30, 2017. Upcoming events Dec 29 – Nov fiscal deficit Dec 29 – Q3 foreign debt India
NBCC
PROVIDES
CLARIFICATION
AFTER
CORRUPTION CHARGE ON COMPANY'S CMD -
CBI
CLAIMS
ALLEGED
As per media reports, the Central
Bureau of Investigation has claimed alleged corruption on NBCC chairman-cum-managing director Anoop Kumar Mittal for graft in Rs2,150cr redevelopment project of ITPO Complex at Pragati Maidan. The CBI arrested government official Pradeep Kumar Mishra and Akashdeep Chauhan on December 22, 2017 and carried out searches in Ghaziabad, Delhi and Mumbai, as per the media sources. Although the residential and official premises of Mittal were not searched. The agency alleged that a contract was awarded to a joint venture of Shapoorji Pallonji and Company Pvt. Ltd. and Shapoorji Pallonji Qatar WLL for Rs2,150cr by NBCC Limited, and Mumbai-based Capacite Structures was trying to get the work from Shapoorji Pallonji on a subcontract basis. According to the CBI FIR, the deal was influenced by a government official who had demanded a Royal Enfield bike as an illegal gratification to exert his influence on Mittal and get the deal swung in favour of Capacite Structures. The CBI said that in furtherance of the conspiracy, a meeting was held on December 15, 2017 between Kulkarni, representative of Shapoorji Pallonji including Sanjay Kharkhanis and senior officials of NBCC including Gupta. NBCC has clarified that the tenders are invited in fully transparent manner through open competitive bidding system as per the CVC guidelines.
An EPC tender was invited by NBCC by following due procedures on design and build basis and Letter of Award was issued to M/s Shapoorji Pallonji and Co (P) Ltd & M/s Shapoorji Pallonji Qatar WLL on September 8, 2017. The company claims that it has no role to play in the alleged corruption charges as it is the contractor’s prerogative to engage the agencies in line with contract requirement.
ADANI POWER TO TRANSFER MUNDRA GENERATION PLANT TO UNIT - Adani Power announced that it has received all the requisite approvals as required under the scheme of arrangement approved by the NCLT and the scheme of arrangement for the transfer of Mundra Power Generation Undertaking to the Transferee company has been made effective . Adani Power, part of the Adani group, is India’s largest private sector power producer with operating capacity of 10,440 MW. Its plant at Mundra, Gujarat (4620 MW) is the largest single-location coal based private power plant in the world. The stock ended at Rs38.7, up by Rs2.3 or 6.32% from its previous closing of Rs36.4 on the BSE. The scrip opened at Rs36.95 and touched a high and low of Rs40 and Rs36.55 respectively.
BHEL GETS ORDER WORTH RS672CR FROM INDIAN RAILWAYS - Against international competitive bidding, Bharat Heavy Electricals Ltd has secured a landmark contract for 146 sets of IGBT-based 3 phase electrics for 25 KV AC Mainline EMU trains. Valued at Rs672cr, the order has been placed on BHEL by Rail Coach Factory, Kapurthala. BHEL’s scope of the work in the order envisages design, manufacture, supply, installation and commissioning of IGBT-based propulsion system and other equipment for MEMU trains of Indian Railways. These state-of-the-art system and equipment will be developed and produced by BHEL at its various manufacturing plants located at Bengaluru, Bhopal and Jhansi. BHEL has been a reliable and trusted partner in the growth of Indian Railways for over 50 years and has always remained in the forefront for bringing in new technology. The company has been supplying electric as well as diesel locomotives, EMUs, propulsion system sets and drives to Indian Railways over the years. Notably, BHEL has supplied 360 electric locomotives of various ratings to Indian Railways apart from over 370 Diesel Electric Shunting Locomotives to various industries which are operating successfully. BHEL is India’s largest power plant equipment manufacturer with 20,000 MW pa manufacturing capacity. It is the market leader in generation equipment space with 55% market share of the total installed power capacity. BHEL derived 79.2% of its revenue from power segment, and remaining from the industrial segment in FY17.
BHARAT FINANCIAL COMPLETES THIRD SECURITIZATION TRANSACTION OF RS653CR IN FY18 -
Bharat Financial Inclusion assigned a pool of receivables of an
aggregative value of Rs653cr to one of the largest public sector banks on direct assignment basis as per the guidelines of the Reserve Bank of India. This is the third direct assignment transaction in FY18. With this transaction, the company has completed direct assignment transactions worth Rs1,711.55cr in FY18. Bharat Financial Inclusion, a micro-finance company, provides small value loans and financial services majorly in rural areas. It has an active base of 67 lakh customers spread across 1,399 branches. Its AUM grew at 47% CAGR over FY15-17 and stood at Rs9150cr in FY17. It reported a GNPA & NNPA of 6% and 2.7% respectively in FY17.
HERO MOTOCORP TO RAISE MOTORCYCLE PRICES STARTING JANUARY 1, 2018 - Hero MotoCorp Limited, the world’s largest manufacturer of motorcycles, has announced a price increase in motorcycles by Rs400 per model. This was announced by the company to stock exchanges on December 22, 2017. HMCL is a dominant player in the 100125cc motorcycle segment with its popular brands - Splendor, Passion, HF Deluxe, Glamour, and Super Splendor. It has nearly 50% market share in the Motorcycle segment. For Q2FY18, Motorcycles comprise 88% of total volumes and Scooters 12%. The company is the largest seller of Motorcycles in India; however, it stands at 3rd position in scooters -- after Honda Motorcycles and Scooters and TVS Motor Company. Exports comprise only 2.3% of total volumes. Despite Hero being a late entrant into the export market, it plans to double the number of countries that it exports to, from 20 to 40 over next few years. The very size of 2W markets in developing countries presents a huge growth opportunity for Hero. The price hike has been taken to offset rising raw material costs and will translate to Rs400 per model. The exact quantum of the increase will vary, basis the model and the specific market.
HERO MOTOCORP UNVEILS THREE NEW BIKES - THE NEW SUPER SPLENDOR, PASSION PRO AND XPRO - Hero MotoCorp unveiled three new motorcycles – the 125cc Super Splendor, the 110cc Passion PRO and the 110cc Passion XPRO yesterday. HMCL, the world’s largest two-wheeler manufacturer, in order to further augment its dominant market leadership continues its aggressive product strategy with these three launches. The company indicated in its BSE filing that there will be a phase-wise launch of these three motorcycles in the market, starting January 2018. These new motorcycles will come with bold styling and more power. Company stated that it would shift its focus on premium motorcycles and aims at growing its market share in the premium segment.
Company has strengthened its in-house product development capabilities at the Hero Centre of Innovation and Technology and is gearing up to launch multiple new exciting products across segments in the coming months. Hero MotoCorp is a dominant leader in the 100-125cc segments with its popular brands - Splendor, Passion, HF Deluxe, Glamour, and Super Splendor.
IGL RECEIVES LETTER OF INTENT FROM PNGRB - Indraprastha gas has received letter of intent dated December 21, 2017 from Petroleum and Natural Gas Regulatory Board for grant of authorization to the company for development of CGD network in the Geographical Area of Karnal District. This would allow it to lay CGD network in Karnal District and as a result would improve its CGD volumes and revenues. Indraprastha Gas is engaged in distribution of CNG and PNG in Delhi. IGL laid the network for the distribution of natural gas in the National Capital of Delhi to consumers in the domestic, transport, and commercial sectors. We believe IGL’s FY18-19E volumes are set to grow at 10-12% p.a on back of sustained private car conversion from liquid fuels to CNG, addition of new buses, pick up in industrial sales and foray in Gurugram as per SC’s recent order. Outlook for margins remains firm considering the price differential between CNG and alternative fuels. Weak LNG also offers attractive economical proposition for industrial users regardless of the regulatory push. We estimate of 14% EPS growth pa through FY17-19E on the back of 10-12% pa volume growth and firm margins. The stock trades at 31x FY19E earnings. We have positive view on the stock.
DILIP BUILDCON BAGS TWO EPC PROJECTS WORTH RS518CR, UP 4.3% - DBL Has received an order of Rs157cr, which involves six-laning of Davanagere-Haveri Section of NH-48 in Karnataka for a length of 6.85 km for package 18. Another project of Rs 361 cr is for the same highway. Both the contracts are expected to be completed in 24 months. DBL is engaged in engineering, procurement & construction of infrastructure facilities viz; roads, bridges, buildings, water bodies and mining. The company's order book consists of road, highways & bridges (82% of order book), mining (15%) and rest from others. Moreover, it holds healthy order book of Rs14200cr, which provides revenue visibility for next few years. We are positive on the company, as we expect revenue CAGR of 17.7% over FY17-19E. Under BOT, it plans to monetize few assets to de-leverage balance sheet and meet equity requirements. Thereby, we expect PAT to grow at 19.4% CAGR over FY17-19E
SUVEN LIFE GETS TWO PRODUCT PATENTS FOR NEURODEGENERATIVE DISEASES - Suven Life Sciences announces that the grant of one product patent from Canada and one product patent from India corresponding to the New Chemical Entities for the treatment of disorders associated with Neurodegenerative diseases and these patents are valid through 2034 and 2028 respectively. The granted claims of the patents include the class of selective 5-HT4 and 5-HT6 compounds respectively and are being developed as therapeutic agents for major depressive disorders and are useful in the treatment of cognitive impairment associated with neurodegenerative disorders like Alzheimer’s disease, Attention deficient hyperactivity disorder, Huntington’s disease, Parkinson and Schizophrenia respectively. “We are very pleased by the grant of these patents to Suven for our pipeline of molecules in CNS arena that are being developed for cognitive disorders with high unmet medical need with huge market potential globally,” says Venkat Jasti, CEO of Suven.
ABB INDIA GETS RS134CR ORDER FOR INDIAN RAILWAYS - ABB India has won an order worth Rs134cr to supply state-of-the-art traction equipment for electric locomotives, manufactured by Chittaranjan Locomotive works. ABB will deliver traction converters, standalone auxiliary converters and vehicle control units for 64 electric locomotives which will be used for passenger and freight operations. This order further strengthens ABB’s position in the Indian market where the government wants to equip electric locomotives with the next generation of propulsion system, with the state-of-the-art traction converters. It also supports the larger government initiative of energy efficiency and electrification of railways from introducing tri-phase energy-efficient technologies in electric locomotives and electrical multiple units to technology to drive efficiency in traction and non-traction areas.This solution will be locally manufactured at ABB’s Nelamangala production unit in Bengaluru. “ABB has been a key partner of Indian Railways over the decades with a suite of traction solutions. This year marks 10 years of our association with Chittaranjan Locomotive works and we are privileged to have their trust and cooperation,” said Sanjeev Sharma, Managing Director, ABB India. “ABB’s technology offerings have also evolved in line with the changing requirements of the Indian railway network like clean energy, electrification, safety, speed, robustness, and such. Our global leadership in railway and transportation technologies ensure that we can continue to develop and deploy the latest in the future of transportation technology for the fourth largest railway network in the world,” he added. Currently, around 42% of the entire Indian rail network is electrified. Indian Railways has a goal to electrify its rail network by 2020.
This move aims to reduce greenhouse emissions and the dependence on fossil-fuel based automotive power. ABB has supplied traction equipment to CLW for several years and is a major supplier of traction systems for rolling stock manufacturers around the world.
MANAPPURAM FIN STOCK CLIMBS 12.5% - Shares of Manappuram Finance rose over 13% backed by strong volumes. So over 37 mln shares of the company changed hands on the NSE, significantly higher than the six-month daily average of 5.8 million shares. The stock rose for the third straight session and during the period, gained over 17%. The stock is currently trading at Rs118.8, up by Rs13.25 or 12.55% from its previous closing of Rs105.55 on the BSE. Manappuram Finance, an NBFC, is in the business of offering gold loans, microfinance, housing loans and commercial vehicle loans. The company’s AUM comprises of gold loan (81.4%), microfinance (13.14%), housing finance (2.2%) and others (1%) in FY17. HAVELLS OWNED BRAND “STANDARD” TO STRENGTHEN ITS CONSUMER PRODUCT PORTFOLIO - Standard, a well‐ known brand of Havells, shared its strategy to strengthen its consumer product portfolio and double its revenues from the East in next 3 ‐ 4 years. As part of the strategy, the company today unveiled a premium range of technologically advanced and aesthetically designed Water Heaters. The new range of water heaters would come in five variants christened as “Zoe & Zoe Prime”, “Ameo”, “Amazer” and “Lyft” with a capacity ranging from 1 ltr to 25 ltr. Havells expects revenues of Rs1,000cr from “Standard” by FY20-21. The brand, focused on youth, has already doubled its revenues in last 3 years and a similar performance is expected going ahead. The newly launched range of water heaters along with other consumer and industrial products would also be available through its exclusive brand shops popularly known as “Standard Galleries”. “Standard” would double these Brand Shops by end of FY19. Though “Standard” has presence across product lines similar to those of parent Havells, the former is a “value-for-money” brand against Havells’ premium-priced products. Havells promotes “Standard” independent of itself, without mentioning the name “Havells” anywhere on its products. It is also sold through a different channel and no retailer stocks both the brands. The water heater market in India is estimated at Rs1,300-1,500cr and growing at the rate of 12%. By 2020, Havells has guided for a 10% market share in the water heater segment.
CHOLAMANDALAM INVESTMENT TO SET-UP HOUSING FINANCE COMPANY The board of directors of Cholamandalam Investment and Finance Company have approved a proposal to set up a Housing Finance Company. The board also approved necessary authorizations to make an application to National Housing Board and do the needful in this connection. Besides, the board has approved issuance of 500 Masala Bonds in the nature of Secured Redeemable, Non-Convertible Debentures of a face value of Rs1cr each at par aggregating to Rs500cr in one or more tranches on private placement basis. As per ICRA, HFC will grow at a compounded annual rate of 20-22 % for the next three years. Share of HFC in total housing loan was 33% in March 2012 and which has increased to 37% in March 2017. Setting up a housing finance company would help Cholamandam Investment & finance company to enter in the industry, which is growing at a very healthy rate. This gives a very positive outlook for the company in coming years. At current market price stock is trading at 3.7 P/B FY20E.
ASHOK LEYLAND LAUNCHES TWO NEW TRUCKS, SAYS NO DISCOUNTING POLICY TO GAIN MARKET SHARE - Ashok Leyland has launched BS-IV emission norms-compliant trucks - Captain Haulage and 3718 PLUS - with iEGR engines. Company indicated that these new launches would drive the truck category. These trucks have been launched at competitive price points and has higher fuel efficiency, more payload and heavy duty aggregates resulting in lower operating and maintenance costs. The 3718 category trucks have witnessed strong growth in past five months leading to volume share of 60% in total volume sales in the industry, the Management indicated. The 3718 PLUS is the latest addition in 37T segment by Ashok Leyland offering additional 10% fuel savings, 225 kgs of more payload and 10% extra tyre life from new technology tyres. Captain Haulage Trucks are available in three GVW segments, 25T, 31T & 37T, and built for a wide number of applications such as market load, parcel, tankers, cement bulkers and containers. These trucks are specially designed to deliver higher uptime and faster turnaround time to meet the high productivity demands of the logistics industry, the company stated. Further, the Management indicated that the company is ready to benefit from the traction witnessed in the MHCV segment. As per SIAM data, the MHCV segment witnessed 16% yoy growth. Company intends to maintain pricing and not offer any discounts in order to gain market share. AL is the third largest manufacturer of commercial vehicles in India with 18% market share. The company is also engaged in the manufacturing and selling of engines for industrial and marine applications, spare parts and special alloy castings.
COAL INDIA UP AS DISPATCH CHARGES TO LIFT REVENUE
-
Shares
of Coal India gained prospects of higher revenues for the miner after it introduced evacuation facility charges at Rs50 per tn for the dispatch of coal on all dispatches. The new charges are seen adding Rs2,500cr to Coal India's annual revenue and Rs800cr for the remainder of 201718 (Apr-Mar), the company said. CIL is the largest coal producer in the world and it accounts for 84.5% of total production in India. Its revenue has grown at 3% CAGR over FY15-17. India's coal production has grown from deficit to surplus on the back of production push over the last two years.
SUZLON GETS 252 MW WIND POWER PROJECT ORDER - Suzlon has received 252 MW wind power project order from a leading global utility as part of Solar Energy Corporation of India II bid. Suzlon will execute the entire project on turnkey basis and will also provide operation and maintenance services. The order is already a part of Q2 FY18 firm order book announced in November 2017. J.P. Chalasani, Group CEO, Suzlon Group, said: “Our strategy of having initial tie-ups is clearly paying off. With the introduction of bidding regime, the industry is poised to grow to 8-10 GW annually.” Suzlon Group is one of the leading renewable energy solutions providers in the world with an international presence across 18 countries in Asia, Australia, Europe, Africa and North & South America. The Group has a cumulative installation of approximately 17 GW of wind energy capacity. Suzlon Energy Ltd is a leading provider of renewable energy solutions. It is India’s largest manufacturer of Wind Turbine and Generator with an installed capacity of 3,600 MW. SEL has a market share of 35% in wind business.
LEGAL DISCLAIMER
This Document has been prepared by Ways2Capital (A Division of High Brow Market Research Investment Advisor Pvt Ltd). The information, analysis and estimates contained herein are based on Ways2Capital Equity/Commodities Research assessment and have been obtained from sources believed to be reliable. This document is meant for the use of the intended recipient only.
This document, at best, represents Ways2Capital Equity/Commodities Research opinion and is meant for general information only. Ways2Capital Equity/Commodities Research, its directors, officers or employees shall not in any way to be responsible for the contents stated herein. Ways2Capital Equity/Commodities Research expressly disclaims any and all liabilities that may arise from information, errors or omissions in this connection. This document is not to be considered as an offer to sell or a solicitation to buy any securities or commodities.
All information, levels & recommendations provided above are given on the basis of technical & fundamental research done by the panel of expert of Ways2Capital but we do not accept any liability for errors of opinion. People surfing through the website have right to opt the product services of their own choices.
Any investment in commodity market bears risk, company will not be liable for any loss done on these recommendations. These levels do not necessarily indicate future price moment. Company holds the right to alter the information without any further notice. Any browsing through website means acceptance of disclaimer.
DISCLOSURE High Brow Market Research Investment Advisor Pvt. Ltd. or its associates does not do business with companies covered in research report nor is associated in any manner with any issuer of products/ securities, this ensures that there is no actual or potential conflicts of interest. To ensure compliance with the regulatory body, we have resolved that the company and all its representatives will not make any trades in the market. Clients are advised to consider information provided in the report as opinion only & make investment decision of their own. Clients are also advised to read & understand terms & conditions of services published on website. No litigations have been filed against the company since the incorporation of the company.
Disclosure Appendix: The reports are prepared by analysts who are employed by High Brow Market Research Investment Advisor Pvt. Ltd. All the views expressed in this report herein accurately reflects personal views about the subject company or companies & their securities and no part of compensation was, is or will be directly or indirectly related to the specific recommendations or views contained in this research report.
Disclosure in terms of Conflict of Interest: (a) High Brow Market Research Pvt. Ltd. or his associate or his relative has no financial interest in the subject company and the nature of such financial interest; (b) High Brow Market Research Pvt. Ltd. or its associates or relatives, have no actual/beneficial ownership of one percent or more in the securities of the subject company, (c) High Brow Market Research Pvt. Ltd. or its associate has no other material conflict of interest at the time of publication of the research report or at the time of public appearance;
Disclosure in terms of Compensation: High Brow Market Research Investment Advisor Pvt. Ltd. policy prohibits its analysts, professionals reporting to analysts from owning securities of any company in the analyst's area of coverage. Analyst compensation: Analysts are salary based permanent employees of High Brow Market Research Pvt. Ltd.
Disclosure in terms of Public Appearance: (a) High Brow Market Research Pvt. Ltd. or its associates have not received any compensation from the subject company in the past twelve months; (b) The subject company is not now or never a client during twelve months preceding the date of distribution of the research report. (c) High Brow Market Research Pvt. Ltd. or its associates has never served as an officer, director or employee of the subject company; (d) High Brow Market Research Pvt. Ltd. has never been engaged in market making activity for the subject company.