Author: Maitri Parikh

Barbeque Nation Hospitality Limited IPO Note – Date, Price, Review & Details

Maitri Parikh

View – Long Term Investors Can Apply

Issue Highlights

Incorporated in 2006, Barbeque Nation is a leading casual dining restaurant chain in India, with 138 Restaurants in 73 cities domestically and 7 International Restaurants in 3 countries internationally.

The company has already raised ₹150 Crs through a pre-IPO placement from Xponentia Capital and Jubilant Foodworks.

Issue Details

Company Strengths

  • One of the fastest growing restaurant brands in CDR market.
  • Strong financials, with proven track record of revenue growth.
  • Attractive Veg and Non-Veg menu offerings, with constant innovation.
  • Experienced promotors and senior management team.

View

The company has been reporting negative net margins from continuing business since past two years. However, strong presence in the country and growing industry could be an aid for better performance in the long run.

Issue Break-Up

#beelinebroking #IPO #BarbequeNation #BarbequeNationIPO #Restaurant #Hospiality #RestaurantChain #investing #profit #business #trader #stock #sharemarket #daytrader #daytrading #wealth #stockmarketnews #success #Bse #Nse

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Morning Market Insight Report – 19 Mar 2021

Maitri Parikh

Bank Nifty Intraday Outlook

In yesterday’s trading session, Bank Nifty lost 1.09%, with PSU and Private Banks losing 1.96% and 1.17% respectively.

We expect intraday range could be 33,348 to 34,357 with sideways to negative momentum & broader range could be expected between 33,051 to 34,663 zone for this week.

Nifty Intraday Outlook

In yesterday’s trading session, Nifty continued its downward journey, ahead of new lockdown measures.

We expect intraday range could be 14,302-14,758 with sideways to negative momentum while broader range could be 14,149 to 14,963.

Short and Long term moving averages

Daily market statistics

Major global & domestic economic events

#beelinebroking #morningbreakfast #stockmarket #stocks #investing #trading #money #investment #finance #trader #stock #sharemarket #daytrader #nifty #sensex #nse

Disclaimer: http://bit.ly/2uLiAVH

Morning Market Insight Report – 18 Mar 2021

Maitri Parikh

Bank Nifty Intraday Outlook

In yesterday’s trading session, Bank Nifty lost 1.65%, with PSU and Private Banks losing 3.77% and 1.54% respectively.

We expect intraday range could be 33,677 to 34,629 with sideways to negative momentum & broader range could be expected between 33,362 to 34,933 zone for this week.

Nifty Intraday Outlook

In yesterday’s trading session, Nifty witnessed steep fall with India Vix high at 20.22, ahead of the meeting outcome regarding COVID-19.

We expect intraday range could be 14,496-14,911 with sideways to negative momentum while broader range could be 14,327 to 15,113.

Short and Long term moving averages

Daily market statistics

Major global & domestic economic events

#beelinebroking #morningbreakfast #stockmarket #stocks #investing #trading #money #investment #finance #trader #stock #sharemarket #daytrader #nifty #sensex #nse

Disclaimer: http://bit.ly/2uLiAVH

Morning Market Insight Report – 17 Mar 2021

Maitri Parikh

Bank Nifty Intraday Outlook

In yesterday’s trading session, Bank Nifty lost 1.07%, with PSU and Private Banks losing 1.32% and 0.98% respectively.

We expect intraday range could be 34,412 to 35,204 with sideways momentum & broader range could be expected between 34,109 to 35,498 zone for this week.

Nifty Intraday Outlook

Short and Long term moving averages

Daily market statistics

Major global & domestic economic events

#beelinebroking #morningbreakfast #stockmarket #stocks #investing #trading #money #investment #finance #trader #stock #sharemarket #daytrader #nifty #sensex #nse

Disclaimer: http://bit.ly/2uLiAVH

Gold and Silver Witnessed Up Trend Due to Heavy Sell-Off in Equity

Maitri Parikh

In the previous week, base metals witnessed a mix weekly session, where, Aluminum (-1.2%), Iron Ore (-2.5%) and Lead (-4.4%) closed in red for the second consecutive week, while Copper (+0.5%) and Zinc (+1.4%) managed to closed in green, recovering the losses of the week before. Precious metals gold and silver rose by 0.5% each during the week, snapping its loss streak.

International WTI Crude oil prices increased during the previous week, after the release of US crude inventories, which indicated a steep fall in the inventories. However, the gains in the prices was limited due to an optimistic forecast for global economic recovery. OPEC is not expected to increase the crude oil supply in next one month, which may result a further rise in the crude prices. The traders needs to keep an eye on the crude oil inventories data, which will be released on 17th March.

Gold and silver gained marginally during the previous week, witnessing a high volatility. Gold touched the lows of $1,677.8 and high of $1,739.4 during the week. The precious metals were marginally higher as the passage of a US stimulus bill raised concerns over inflation risks. However, higher US bond yields, which remained near their highest in more than a year, capped the precious metals’ gains.

For the current week, we expect the gold and silver prices to continue its uptrend, as a strong sell-off in the equity markets might encourage the investors to incline towards safe haven asset classes like precious metals. Investors also need to keep an eye on some important global economic data such as US’ Core Retail Sales, Industrial Production, FOMC Statement, UK’s monetary policy, and ECB President Lagarde’s speech.

For the week, we expect gold in COMEX market to be in the range of $1,627 to $1,792, while silver is expected to be in the range of $24.9 to $26.9. Whereas, for bullion market traders, we assume gold mini futures to trade in the range of 43,768 – 42,239 to 45,216 – 45,983.


Page 8, NavGujarat Samay, 16 March’21

#beelinebroking #commodity #trading #investing #daytrader #gold #silver #metals #investment #finance #Crude #CrudeOil #Brent #WTI #Copper #IronOre #PreciousMetals #success #money #commoditytrading #NavGujaratSamay #NGS

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Morning Market Insight Report – 16 Mar 2021

Maitri Parikh

Bank Nifty Intraday Outlook

In yesterday’s trading session, Nifty witnessed a heavy sell-off for the second consecutive trading session due to fears of 2nd wave of COVID-19. However, the index recovered a bit in the 2nd half of the session.

We expect intraday range could be 14,682-15,129 with sideways momentum while broader range could be 14,522 to 15,317.

Nifty Intraday Outlook

In Friday’s trading session, Bank Nifty lost 0.88%, with PSU Banks gaining 0.16% and Private Banks losing 1.08%.

We expect intraday range could be 34,629 to 35,633 with sideways momentum & broader range could be expected between 34,144 to 36,187 zone for this week.

Short and Long term moving averages

Daily market statistics

Major global & domestic economic events

#beelinebroking #morningbreakfast #stockmarket #stocks #investing #trading #money #investment #finance #trader #stock #sharemarket #daytrader #nifty #sensex #nse

Disclaimer: http://bit.ly/2uLiAVH

Suryoday Small Finance Bank Limited IPO Note – Date, Price, Review & Details

Maitri Parikh

View – Short & Long Term Investors Can Apply

Issue Highlights

Incorporated in 2008 as Micro Finance bank, Suryoday become a SFB in the span of 8 years. It has now expanded over 13 states and UTs, and aims to raise ~INR 582 Crs through this issue.

Issue Details

Company Strengths

  • Customer centric approach with a focus on financial inclusion.
  • Diversified asset portfolio with a focus on retail operations.
  • Fast evolving granular deposit franchise
  • Leveraging emerging technologies to enhance digital footprint
  • Strong credit processes and robust risk management framework
  • Strong past financial performance
  • Multiple distribution channels
  • Experienced leadership team

Valuation

The bank is getting listed at PE of 36.95 on the basis of Forward FY 21 EPS, against the sector PE of 39.5. We recommend to apply for the issue based on its attractive valuation and strong financials.

Issue Break-Up

#beelinebroking #IPO #SuryodaySmallFinance #SuryodayIPO #SmallFinance #Bank #Finance #FinanceBank #investing #profit #business #trader #stock #sharemarket #daytrader #daytrading #wealth #stockmarketnews #success #Bse #Nse

Disclaimer: http://bit.ly/2uLiAVH

Nazara Technologies Limited OFS Note – Date, Price, Review & Details

Maitri Parikh

View – Long Term Investors Can Apply

Issue Highlights

Incorporated in 1999, Nazara Technologies Ltd. is a leading India based gaming & sports media platform with presence in India & across emerging & developed global markets such as Africa & North America.

Issue Details

Company Strengths

  • Leadership position in a diversified and scalable business.
  • Portfolio of premium intellectual property & content across regions & businesses.
  • Large community of users, with attractive monetization opportunities.
  • Successful inorganic growth through strategic acquisitions.
  • Profitable platform model with limited regulatory risk.
  • Strong leadership team backed by marquee investors

View

The company reported a net loss in the FY 20 and 6M FY 21, with positive EBITDA. As Indian gaming industry is increasing at a faster pace, we expect better performance of the company in long run.

Issue Break-Up

#beelinebroking #IPO #NazaraIPO #NazaraTechnologies #Gaming #Game #Sports #Sportsgame #investing #profit #business #trader #stock #sharemarket #daytrader #daytrading #wealth #stockmarketnews #success #Bse #Nse

Disclaimer: http://bit.ly/2uLiAVH

Morning Market Insight Report – 15 Mar 2021

Maitri Parikh

Bank Nifty Intraday Outlook

In Friday’s trading session, Bank Nifty lost 1.23%, with PSU and Private Banks losing 1.70% and 1.13% respectively.

We expect intraday range could be 34,992 to 35,947 with sideways to negative momentum & broader range could be expected between 34,681 to 36,258 zone for this week.

Nifty Intraday Outlook

In Friday’s trading session, Nifty witnessed a heavy sell-off of an over-bought market, due to new COVID-19 tensions .

We expect intraday range could be 14,788-15,231 with sideways to negative momentum while broader range could be 14,643 to 15,427.

Short and Long term moving averages

Daily market statistics

Major global & domestic economic events

#beelinebroking #morningbreakfast #stockmarket #stocks #investing #trading #money #investment #finance #trader #stock #sharemarket #daytrader #nifty #sensex #nse

Disclaimer: http://bit.ly/2uLiAVH