Search in ideas for "tata motors"
TTMtata motors is looking very bullish with MA50/200 crossover and a break on strong vol above 29 and 30 $.
long term i expect price to test all time high but should take some profit at 32.4$
TSLA most likely to hit $397 by fourth quarter of 2019Company Summary
Tesla, Inc. (formerly Tesla Motors, Inc.) is an American automotive and energy company based in Palo Alto, California. The company specializes in electric car manufacturing and, through its SolarCity subsidiary, in solar panel manufacturing. It operates multiple production and assembly plants, notably Gigafactory 1 near Reno, Nevada, and its main vehicle manufacturing facility at Tesla Factory in Fremont, California. As of June 2018, Tesla sells the Model S, Model X and Model 3 vehicles, Powerwall and Powerpack batteries, solar panels, solar roof tiles, and related products.
Tesla was founded in July 2003, by businessmen Martin Eberhard and Marc Tarpenning, under the name Tesla Motors. The company's name was derived from physicist Nikola Tesla. In early Series A funding, Tesla Motors was joined by Elon Musk, J. B. Straubel and Ian Wright, all of whom are retrospectively considered co-founders of the company. Musk, who serves as chairman and chief executive officer, said that he envisioned Tesla Motors as a technology company and independent automaker, aimed at eventually offering electric cars at prices affordable to the average consumer. Tesla Motors shortened their name to Tesla in February 2017.
The Tesla Factory is an automobile manufacturing plant in south Fremont, California, and the principal production facility of Tesla, Inc.. The facility was formerly known as New United Motor Manufacturing, Inc. (NUMMI), a joint venture between General Motors and Toyota. The plant is located in the East Industrial area of Fremont between Interstates 880 and 680, and employed around 10,000 people in June 2018.
Growth
It has been state that Q3 2018 was a historic quarter for Tesla. Model 3 was the best-selling car in the US in terms of revenue and the 5th best-selling car in terms of volume. With average weekly Model 3 production through the quarter (excluding planned shutdowns) of ~4.3K units per week, Tesla has achieved GAAP net income of $312M. Tesla has also delivered on its internal cost efficiency targets, leading to GAAP Model 3 gross margin of ~20%, surpassing its guidance. Finally, Tesla has increased its total cash in hand by $731M and it had free cash flow (operating cash flow less capex) of $881M despite less than 10% of that amount coming from key working capital items (payables, receivables, and inventory). Model 3 is attracting clients of both premium and non-premium brands, making it a mainstream product.
Tesla's Revenue & Gross Margin has been stated as follows:
Automotive revenue in Q3 increased by 82% sequentially over Q2, mainly due to an increase in Model 3 deliveries. In Q3, Tesla has recorded $52M in ZEV credit sales compared to zero in Q2.
With the adoption of the new revenue recognition standard starting January 1, 2018, lease accounting generally applies to vehicles directly leased by Tesla without using bank partners. Only 3% of vehicles delivered in Q3 were subject to lease accounting.
GAAP Automotive gross margin improved to 25.8% in Q3 from 20.6% in Q2, while non-GAAP Automotive gross margin improved to 25.5% in Q3 as compared to 21.0% in Q2.
At an average Model 3 production rate of about 4.3K per week in Q3 (excluding planned shutdowns), Model 3 gross margin grew to above 20%. The mix of the Model 3 Performance version was only slightly higher than the Performance mix of Model S and X. This margin growth was driven by a higher production rate while keeping fixed costs stable, significant reductions in manufacturing costs through lower labor hours per unit, lower scrap rate, lower material costs, and higher average selling price.
Gross margin of Model S and X continued to improve sequentially even though the average selling price per vehicle declined slightly. Model S has been in production for over six years, yet Tesla continues to achieve efficiencies in material cost and other manufacturing costs.
Service and Other revenue in Q3 increased by 21% compared to Q2. This was mainly due to higher used car sales.
Service and Other gross margin loss in Q3 was less than in Q2. Total gross loss of Service and Other remained relatively stable. This was in line with Tesla's expectations.
Total GAAP operating expenses decreased to $1.11B in Q3, which was 11% less than in Q2. Excluding one-time restructuring and other costs, operating expenses decreased by 5% sequentially as Tesla is seeing the benefit of ongoing cost reduction efforts.
Interest and Other expenses were $145M in Q3.
There were approximately 171M basic shares outstanding at the end of Q3.
Forward-Looking Opinions
Electric Vehicle CAGR is approximated at 23.1% by 2024, to pass $500B market size, thereby it is a proven growing sector. Additionally, Tesla has been a settled pioneer and relatively successful first mover in the sector, and Audi, Mercedes-Benz and NIO are also joining to back this initiative up as first mover companies in the sector. It is without the doubt that one of Tesla's competitive advantage is deeply rooted tax benefits, in the triangle of energy, manufacturing, and research, wherein the U.S. has been continuously suffering from in the past decade, especially the manufacturing sector, which is a key economical factor, affecting the entire capital markets.
Chief Financial Officer
Mr. Deepak Ahuja brings more than 20 years of global automotive financial experience to the Tesla team. As Chief Financial Officer, Mr. Ahuja brings invaluable insight of a well-versed industry veteran to help Tesla become a leading automobile company in the world.
Prior to originally joining Tesla Motors in 2008, Mr. Ahuja was the Controller of Small Cars Product Development at Ford with the goal of bringing several exciting fuel-efficient automobiles to the North American market. Previously, Mr. Ahuja was CFO for Ford of Southern Africa, a $3 Billion subsidiary where he oversaw the finance, legal and IT functions. Prior to that, Mr. Ahuja served as CFO for Auto Alliance International, a joint venture between Ford and Mazda with over $4 billion in revenue. His career at Ford included assignments in all aspects of the business, including Manufacturing, Marketing and Sales, Treasury, Acquisition and Divestitures. Before joining Ford, Mr. Ahuja worked as an engineer for Kennametal, Inc. near Pittsburgh, PA for almost 6 years and developed two new ceramic composites cutting tools for machining of aluminum alloys in aerospace and automotive industries. Mr. Ahuja was Tesla’s CFO between 2008 and 2015 and returned to Tesla as CFO in February 2017.
Mr. Ahuja holds bachelor's and master's degrees in Materials Engineering from Banaras Hindu University and Northwestern University, respectively and an MBA from Carnegie Mellon University.
Financial information are summarized as follows:
Statistics
Shares Outstanding: 171M
Average Daily Volume: ~11M
Market Cap: ~53B
52-Week High: $244.59
52-Week Low: $387.46
Forward PE: NA
Annual Dividend/Dividend Yield: $0.00 / 0.00%
Annual Revenue: ~$7.0M
Institutional Ownership: ~68.3%
1-Month Return: ~8.9%
3-Month Return: ~23.2%
Next Earnings Report Date: NA
ESP: -$6.45
Revenue Per Employee: ~$431,681
Money Flow Ratio (Balance at 1.00): ~1.08
Profitability (~Sector Average %)
Revenue Growth: ~67.9% (~5.9%)
Gross Margin: ~16.5% (~15.3%)
Return on Equity: -42.8% (~14.8%)
Net Margin: -3.0% (~3.2%)
Debt (~Sector Average %)
Current Ratio: 0.8 (~1.0)
Debt-to-Capital: 65.1% (~68.4%)
Interest Funding: ~420% (~11.5%)
Interest Coverage: ~1.2 (~6)
Dividend (~Sector Average %)
Dividend Growth: NA (~2.4%)
Dividend Payout: NA (~30.5%)
Dividend Coverage: NA (~8.3)
Dividend Yield: NA (~0.00%)
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12-Month Price Target
Mean: $397.32
High: $441.08
Low: $298.60
Earnings Surprise
Positive (+9.3%)
Trade and Investment Gradings
Stock gradings from strongest (+++) to weakest (---) are as follows:
60-Month Investment: +++
36-Month Investment: +++
12-Month Investment: +++
6-Month Investment: ++
3-Month Investment: +
1-Month Investment: +
1-Day Trade: +
2-Day Trade: Neutral
7-Day Trade: Neutral
1-Day Short-Sell: -
2-Day Short-Sell: --
7-Day Short-Sell: ---
aicody.com
Tata Motor Diagonal Triangle in play? Decent RRA diagonal Triangle pattern may be on verge of completion in Tata Motors. Diagonal Pattern is a reversal pattern that leads to prices completely reversing the distance traveled by the pattern. The pattern has been traced between 192 and 163.5. We may expect the prices to move back to 192 level once the pattern completes and prices breakout.
The time taken to reverse the pattern is usually 1/3rd to 2/3rd times the time taken to trace the pattern. Based on this we may expect this reversal to be complete between June 17-21.
A break below 159 may invalidate the pattern.
It may be a good idea to buy Tata Motors around 165-166, with stop loss of 159 for target 192.
Conservative traders may wait for 170 to break before entering the trade, the stop can be placed below the low created before the break of 170 level.
TVS MOTORS : Ready to RUN...!
Today On Daily TF Wee can see the stock open at 1316 then stock has given breakout on 20DMA and sustain on it. Momentum showing Strength on Daily, Weekly And Monthly basis with high volume and volatility. Auto Sector Trading well from last 2 weeks and many stocks like Maruti, M&M, Tata motors are trading on breakout levels Today Breakout we have seen on TVS MOTORS.
For Swing and Positional trade Entry at CMP with the support of 1311, Upside move can see at 1380 to 1400 levels in coming Days...
Sensex Analysis for 16-08-2024: Support & Resistance LevelsOn August 14, 2024, the Sensex experienced a volatile trading session, closing at 78,956.03, down 692.89 points (-0.87%). The day saw the index opening at 79,105.88, with an intraday high of 79,228.94 and a low of 78,895.72. This decline was largely driven by profit booking and global market cues, with the index forming a long bearish candlestick, indicating potential further downside.
Impact of Gap Up
As of August 16, 2024, Gift Nifty is showing positive momentum with an opening around 24,324, reflecting a gain of approximately 156 points (+0.65%) from the previous session. This movement is underpinned by favorable global cues and expectations of a stable economic environment following recent macroeconomic data.
Key Technical Levels:
Support Levels: 24,100 and 23,900
Resistance Levels: 24,450 and 24,600
Technical Indicators for Sensex:
Max Pain: 79,100
PCR (Put-Call Ratio): 0.70 Neutral to Bearish
IV (Implied Volatility): 13.03 as of the closing on 14-08-2024.
Support Levels
Sensex is expected to remain under pressure with key support levels around 79,000 and 78,600.
Resistance Levels
If the index sustains above these levels, a pullback towards the resistance levels of 79,600 and 79,800 is possible.
The Sensex displayed mixed signals with technical indicators favoring a cautious stance:
RSI (14) at 42.33 indicates a sell signal, suggesting the index is neither oversold nor overbought.
MACD showed a negative divergence, reinforcing the sell signal.
Top Gainers:
Reliance Industries: Increased by 2.3%, closing at ₹2,650.
Tata Motors: Gained 1.9%, closing at ₹685.
HDFC Bank: Rose by 1.6%, closing at ₹1,670.
Top Losers:
Infosys: Fell by 1.8%, closing at ₹1,440.
ITC: Decreased by 1.5%, closing at ₹452.
TCS: Dropped by 1.2%, closing at ₹3,240.
Open Interest (OI) Analysis and Technical Indicators:
OI data indicated a buildup in call options at the 79,500 strike, hinting at significant resistance at this level. Conversely, the 78,500-strike price saw substantial put writing, reinforcing it as a critical support level.
Bullish/Bearish Levels
Bullish Level: 79,600 If sustains
Bearish Level: 78,400 If Fails
Stay tuned for more updates on Sensex prediction to navigate the volatile market conditions effectively.
Disclosure: The publisher of this idea is not a SEBI registered analyst. The information shared here is solely for educational purposes and should not be interpreted as financial advice. Always consult with a qualified financial advisor before making any investment decisions. The publisher does not endorse social media shares on any platform.
Tata chemical - Struggling stock.It was time when EV was entering into Indian Market, and TATA Motors was one of the eminent players for EV production. Lithium-ion batteries was one the major requirements for production of EV, for that the main player for raw material was TATA chemicals as it was one the group companies of TATA group, which was directly getting benefitted by its group ecosystem, but any how now its last two years you can both the stocks of TATA motors and TATA chemicals, former has made more than double returns, but the latter one is struggling to move from its comfort space.
It seems most of the investors have forget about TATA chemicals, although the company is mainly into soda ash and also salt production. Still management is not into using its full potential.
TATA POWER - Multibagger StockTata Power is expected to break 10 Year Downward Channel, Trading with high volumes from the past 3-4 months.
RSI is also expected to breakout from the crucial level.
If Price crosses the trend line around 85-86 levels, Hold for a minimum of 140-150 levels.
Tata Power fundamentally looks very strong and is underrated as compared to stock price. Expected to fire like TATA MOTORS.
tata investmentata Investment Corporation (TICL), incorporated in 1937, is non-banking financial company. Formerly known as Investment Corporation of India, the company was established with an objective of providing assistance in promotion of new companies and new entrepreneurs.
This investment company is promoted by Tata Sons. The company got listed on Bombay Stock Exchange (BSE) in the year 1958.
TCIL is involved in business of investing in shares, debentures, and other securities in India and aboard for long-term purposes. Headquartered at Mumbai, it acts as a catalyst in advancing long-term investment in India.
In the period between 1960-70 the company gradually progressed from assisting in the establishment of new ventures to acting as an investment company with a diversified portfolio of equity investments.
Tata Investment Corporation is member of OTC Exchange of India (OTCEI). Being member of this exchange, the company can act as a trader, market maker, underwriter and sponsor. It acted as a sponsor for eight companies and invested an aggregate Rs 16.70 crore in the form of equity capital in these companies.
The company has made investments in registered and unregistered entities such as Tata Auto Components (TACO) and Tata Sons. In April 1997, Tata Investment's subsidiary Investa was amalgamated with the company. Much later in April 1998 due to decline of the OTC market, the company ceased its activities as a market maker. The company is still a member of the exchange.
The company has received 'FAAA' rating from CRISIL reflecting maximum security in payment of interests and principal amounts.
On April 1, 1999 an unlisted company Varuna Investments was also amalgamated with the company. TICL has collaborated with Tata Sons to promote Tata Mutual Fund.
In 2004-05 TICL acquired a 49.9% stake held by Waterhouse Group in Tata TD Waterhouse Securities. Later the name was changed to Tata Securities. The remaining 50.1% is already held by two other Tata companies.
In 2013, the Company acquired shares in about two dozen banks and NBFCs, such as ICICI Bank, SBI, HDFC Bank and Axis Bank through one of its group investment firms.
Tata Group (Parent Company)
Tata Group founded by Jamsetji Tata in the 1868, today revenue-wise it is $62.5 billion enterprise. The group owns major companies such as Tata Steel, Tata Motors, Tata Consultancy Services (TCS), Tata Power, Tata Chemicals, Tata Tea, Indian Hotels and Tata Communications. The group's 27 publicly listed enterprises have a combined market capitalisation of around $60 billion and a shareholder base of 3.2 million.
Tata motor : Wave Analysis, Support & Anticipated Target areaThe chart provided illustrates Tata Motors' price movements and technical levels on a weekly timeframe, showcasing a detailed Elliott Wave count and Fibonacci retracement levels. Below is the analysis based on the chart:
---
Key Observations :
1. Elliott Wave Analysis:
The chart highlights a 5-wave structure of Elliott Wave theory:
Wave (1), Wave (2), Wave (3), Wave (4), and the anticipated completion of Wave (5).
Currently, the chart seems to be in Wave (4), showing a corrective phase after a significant upward trend in Wave (3).
The possible completion of Wave (4) is indicated near a support area at ₹730 , before the start of Wave (5), which could represent another bullish rally.
2. Fibonacci Levels:
Fibonacci retracement levels are drawn from the Top of Wave (3) to the Bottom of Wave (2).
Key retracement levels to monitor include:
0.382 (₹839.55): The price is near this level currently, indicating a crucial point of support.
0.5 (₹750.10) and 0.618 (₹660.65): These levels could act as deeper support zones if the price continues to correct.
A bounce from these levels could indicate the continuation of the bullish trend into Wave (5).
3. Support and Resistance Zones:
- Support:
- The ₹730 zone is labeled as a critical support level.
- Other potential support levels are marked by Fibonacci retracements (₹839, ₹750, ₹660).
- Resistance:
- The high of Wave (3) around ₹1,100 serves as a major resistance level.
- Further upside resistance lies beyond the ₹1,300 mark (based on Fibonacci extension levels of Wave (5)).
4. Volume Analysis:
There is a significant spike in volume during Wave (3), suggesting strong buying momentum during the rally.
The current corrective phase (Wave (4)) exhibits relatively lower volumes, which aligns with the consolidation nature of corrective waves.
5. Long-Term Projection:
If Wave (5) materializes, the target for the next bullish move could extend towards the Fibonacci extension levels of ₹1,300–₹1,500.
This aligns with a broader upward trend.
---
Conclusion and Recommendation:
- Bullish Bias: Tata Motors remains in a long-term uptrend, with Wave (5) likely to result in new highs if the corrective phase (Wave 4) holds above key support levels.
- Support Focus: Investors should watch the ₹730–₹750 range for signs of reversal or accumulation.
- Risk: A break below ₹660 could invalidate the bullish structure and signal a deeper correction.
- Strategy: Traders could consider entering long positions near the identified support zones with appropriate stop-loss levels, targeting higher Fibonacci extensions for Wave (5).
---
NIFTY 20 year Channel and outlook for 2027India is currently 3.1 T economy. Even if it achieves 5T by your estimate of 2027 (In 5 years). I think it will be earlier but say 5 years. The growth will be 61% from the base.
This was discussed in the 5 minute video on our YouTube channel few days back.
Imagine where : Reliance, Infosys, TCS, Tata Steel, Maruti, Tata Motors, Hindustan Unilever, Ultratech, Sun Pharma, HDFC Bank, Kotak Bank, ICICI will be in 5 years.
Question is if not India then who? China + 1 is not a fiction. It is reality. Secondly the captive market is such and exponential growth, is not a remote possibility.
So if we want to see the best and the Worst case scenario of next 5 years have a look at the chart.
Worst Case scenario: Nifty in June 2027 is 20247.
Best Case Scenario: Nifty in June 2027 is 85114.
You may feel 85114 is unlikely...So is 20247...Assuming that we meet somewhere in the middle. We are looking at NIFTY between 40,000 and 50,000 (Very Realistic).
Look at the chart make your own estimate.
Again in both scenarios imagine where: VST Tillers, TVS Motors, GAEL, GNFC, Clean Science, Solara, Bharti Airtel, TATA Chemicals, HCL Tech, Polyplex, CIPLA, Hindalco, Marico, Hindustan Zinc will be?
The Channel drawn above starts roughly from 2003 and covers every major highs and lows of Indian history + Black Swan Events like:
Shining India.
NDA Loss
UPA
Subprime Crisis
Satyam
UPA 2
CWG
India Against Corruption
NDA led by BJP
Surgical Strike
Balakot
Covid 19
Global Supply Chain disruption
Ukraine War
Global Inflation.
This makes us very optimistic about the estimate....of 2027.
Trading Tata Steel Tata group's flagship companies are in cross hair because of its UK connections. Tata Steel is the example of ambitious plan going awry and Tata Motors is going to be questioned because of its Land Rover automobiles.
Tata Steel
Selling metal companies was the fundamental trade for last couple of years. Nobody was sparred. Steel glut was/is obvious - thanks to China - and one doesn't need to be a consummate financial analyst in order to figure out the impact on big steel producers. It was commodities boom which drove the industry into big mergers and acquisitions. Somehow it is always the case so far that big mergers and acquisition at eye popping premium happens when the valuations are ridiculous. Those were the days when company can't think of anything but going big. You can look at the Glencore , Xstrata and Noble group for more color on the subject. Besides these are not software companies where just putting a cloud in the name and showing big dreams will sell to the shareholders. And it is difficult to turn around such companies unless there is demand. Besides these cycles are very long term in nature. Now especially for Tata Steel, getting the kick even after it is down by Brexit is very unfortunate.
For Tata Steel fundamental case was so strong, you just have to pick up the level and short it until recently. Favorable UK until sell talks were helping and stock was recovering a bit ( along with general respite for metal stocks and metal market ) / or just a technical bounce from long term base near 200 as you can see in the chart. Now everything hinges upon how it responds to 260 level. For short term traders it is a good level to look for a bounce or two but it is advisable no to put too much risk into the trade. Because if things can't turn around quickly this time, market may not be friendly to Tata Steel and it might have a look at life below 200.
ConsolidatingObserving Good news in Tata Power and Tata Motors.
Price is in range from weeks.
-ve is Sector rotation can happen - money can flow out of power stocks.
+ve has edge for EV charging stations.
Protecting capital is must. Keep SL of 400.
Nifty 50 Analysis for 14-08-2024: Support & Resistance LevelsOn August 13, 2024, the Nifty 50 index experienced a volatile trading session, closing at 24,100, marking a decline amidst broader market weakness. The index opened at 24,320, reached a high of 24,400, and saw a low of 24,050 during the day, before ending the session with a loss.
The Indian stock market faced additional pressure due to a new report from Hindenburg Research, which leveled serious allegations against the SEBI Chief. This news created uncertainty in the market, leading to cautious trading and profit-booking, particularly in the financial and IT sectors. The impact was evident in the market's muted performance, with many investors staying on the sidelines awaiting further developments.
Technical Indicators for Nifty:
Max Pain: 24,200
PCR (Put-Call Ratio): 0.53 Bearish
IV (Implied Volatility): 16.90 as of the closing on 13-08-2024.
Support Levels
Nifty is likely to find support around 24,000.
Resistance Levels
The Nifty is expected to face immediate resistance around the 24,300 to 24,400 mark.
Top Gainers:
Adani Enterprises and Tata Motors emerging as the top gainers. Adani Enterprises closed at ₹2,417.50, marking a 2.5% increase, while Tata Motors ended the day at ₹621.80, up by 1.8%.
Top Losers:
HDFC Bank and Infosys were the top losers, reflecting the broader market's cautious stance. HDFC Bank's share price dropped by 3.2% to ₹1,615.20, and Infosys fell by 2.9% to ₹1,358.40, largely due to concerns about margin pressures and global economic uncertainties.
Open Interest (OI) Analysis and Technical Indicators:
The Open Interest data for Nifty 50 options on August 13 showed a significant buildup at the 24,000 strike price, indicating strong support at this level. Meanwhile, resistance was observed around 24,400, where considerable call writing occurred. Technical indicators for the Nifty 50 suggested a bearish trend, with the Relative Strength Index (RSI) hovering around 40, signaling potential weakness. The Moving Average Convergence Divergence (MACD) also pointed to a bearish crossover, further reinforcing the negative outlook.
Stay tuned for more updates on Nifty prediction to navigate the volatile market conditions effectively.
Disclosure: The publisher of this idea is not a SEBI registered analyst. The information shared here is solely for educational purposes and should not be interpreted as financial advice. Always consult with a qualified financial advisor before making any investment decisions. The publisher does not endorse social media shares on any platform.
TATAMOTORS The auto sector looks weak for a while now because of the low demand in pandemic and it will surely emerge from it when everything will be in order.
So TATA motors is also having bad times as you can see on the chart, breaking all its support. buts there is something interesting happening in the company which is looking promising .
First, have a look at the negatives.
1. Company is losing its market share in CVS and buses segment.
2. Chip shortage is looking serious.
3. Increasing debt up to 142,131.
4. The company has delivered a poor sales growth of -1.76% over the past five years.
Now let's see what good is happening.
1. Record order bank of 110k units at 30th June of JLR amid chip shortage
2. JLR through its REIMAGINE initiative aimed to achieve clean mobility and connectivity by 2025.
3. In INDIA tata motors achieved 10% quarterly market share after 9 years.
4. Nexon (CUV), Tiago (Mid-Hatch) , Altroz (Premium Hatch) are ranked number 2 in
their respective segments.
5. EV penetration is at 3% of the portfoilo.
6. Currenty leading INDIA's EV story.
TECHNICAL ANALYSIS: Stock is between R284 and S260 . currently, it is 20% down from its recent high and may it will fall more to 260 level which is a very strong supply zone.
CONCLUSION: Chip shortage and effects of the pandemic will be gone after few quarters and as far as debt is concerned, yes it can hinder the growth of the company.
But those good things will definitely help in increasing the valuation of the company if all goes well.
TATAMOTORS - Near Imp levelsWe are seeing a #sell-off in tata motors post its quarterly results, it has posted a #loss of some 4000 crores in this quarter, the company is still a loss-making company, but it has reduced its losses compared to its previous quarter and is mostly moving towards the profitability in the coming future.
#Charts of tata motors look quite good since we have seen a move of a whopping 468% in the last 1 and a half years, a #correction is quite evitable and is also good for the next rally in the stock.
Currently, #tatamotors are trading near its weekly and daily #support zone of 290-260, hence there is a possibility of some temporary bounce back in the stock.
Reasons of possible bounce back
**Strong multiple timeframe support
**Daily Rsi is oversold: 23
**Hourly #RSI showing positive divergence
For Investors
If correction extended, lookout for price action near 214- 185 levels.
Nifty at closeThe market witnessed a very volatile movement in the range of 15740-15840. Trading above 15800 is positive from a short-term perspective. If the market closes below 15800, the market expects a correction till the level of 15650.
The technical indicator suggests, a volatile movement in the market in the range of 15650-15900. As such the traders are advised to refrain from building a fresh buying position until further decisive movement is seen in the market.
JUNE 30, 2021 / 03:20 PM IST
Tech Mahindra announces partnership with TAC Security
Tech Mahindra announced partnership with TAC Security to enable next-generation enterprise security for customers globally. The partnership will leverage artificial intelligence and user-friendly analytics to help measure, prioritize, and mitigate vulnerabilities across the entire IT stack.
Tech Mahindra was quoting at Rs 1,093.85, up Rs 5.30, or 0.49 percent on the BSE.
JUNE 30, 2021 / 03:16 PM IST
Vindhya Telelink share price hits 52-week high
Vindhya Telelink touched a 52-week high of Rs 1,420, rising over 15 percent on June 30 after the company reported improved numbers for the quarter ended March 2021.
The company reported a sharp jump in consolidated profit at Rs 116.04 crore in Q4 FY21 against Rs 38.26 crore in Q4 FY20.
Its revenue jumped to Rs 556.56 crore from Rs 459.08 crore YoY.
JUNE 30, 2021 / 03:11 PM IST
FMCG, Private Banks, Pharma Underperform Nifty In H1CY21, Top Analysts Chart The Road Ahead
As of June 29, Nifty FMCG, private bank and financial services were up 6 percent, 7 percent, and 9 percent, respectively, against the Nifty gaining 13 percent this year.
JUNE 30, 2021 / 03:07 PM IST
Abhishek Bansal, Founder Chairman, Abans Group
Gold prices traded negative as the dollar index found safe-haven support from growing concern that more countries will need to re-impose pandemic lockdowns as the dangerous Delta Covid-19 variant spreads throughout the world.
Gold is currently trading near $1759 which is sharply lower than the recent high of $1919.20 registered on June 1st. Meanwhile, the US dollar index currently trading above 92.0 which is sharply higher from the recent low of 89.53 registered on May 25th.
Gold prices are likely to continue a negative trend while below the key resistance level of $1793-$1803 while an immediate support level could be seen near $1735-$1720.
JUNE 30, 2021 / 03:02 PM IST
Market at 3 PM
Benchmark indices erased all the intraday gains and trading flat dragged by the financial names.
The Sensex was up 1.70 points or 0.00% at 52551.36, and the Nifty was down 7.30 points or 0.05% at 15741.20. About 1574 shares have advanced, 1371 shares declined, and 96 shares are unchanged.
JUNE 30, 2021 / 02:52 PM IST
Nifty Bank index shed 0.5 percent dragged by the IDFC First Bank, AU Small Finance Bank, PNB
JUNE 30, 2021 / 02:47 PM IST
Rupee Updates
:
Indian rupee is trading near the day's low level at 74.40 per dollar, amid volatility seen in the domestic equity market.
It opened flat at 74.22 per dollar against previous close of 74.23.
JUNE 30, 2021 / 02:37 PM IST
Tata Motors bags order from Indian Oil:
Tata Motors on Wednesday said it has bagged an order for 15 hydrogen-based fuel cell buses from the Indian Oil Corporation Limited (IOCL). The auto major noted that IOCL had invited bids for supply of the hydrogen-based proton exchange membrane (PEM) fuel cell buses in December 2020. All 15 buses will be delivered within 144 weeks from the date of signing of the memorandum of understanding (MOU), it added.
Tata motor , volumes are insanely high on weeklyTata motor may come to test the level of 161-163. one can take entry at this point. target would be 200.
if we see the volumes , 300 -400 target in 4-6 month period can be achieved easily but current situation of the market is very volatile. long positions should be considered according to risk taking ability .
if we see other side , auto sector should not be affected by market conditions. due to corona fear people will prefer to travel in personal vehicles instead of public transport. demand of ambulances , govt policy of limitation of people in public transport may come in future which will increase the demand vehicles .
currently auto sector is posting good results which is good sign for tata motor . i think one can take risk of holding tata motors
tata motor , volumes are insanely high on weeklyTata motor may come to test the level of 161-163. one can take entry at this point. target would be 200.
if we see the volumes , 300 -400 target in 4-6 month period can be achieved easily but current situation of the market is very volatile. long positions should be considered according to risk taking ability.
if we see other side , auto sector should not be affected by market conditions. due to corona fear people will prefer to travel in personal vehicles instead of public transport. demand of ambulances ,govt policy of limitation of people in public transport may come in future which will increase the demand vehicles .
currently auto sector is posting good results which is good sign for tata motor . i think one can take risk of holding tata motors
NIO is a strong buy to continue rallying after earningCompany Summary
It has been stated that NIO's mission is to shape a joyful lifestyle by offering premium smart electric vehicles and being the best user enterprise.
NIO, which translates to “Blue Sky Coming” in its Chinese name, originated from NIO's vision of a future filled with blue skies. NIO believes that improved smart electric car technologies, coupled with better experience of car ownership, will drive increased appreciation and adoption of smart electric cars, leading to the fulfillment of this vision of blue skies and a more sustainable future for our planet.
NIO was founded at a time when the world has been experiencing what may be the most significant technological change in the more than 100 years’ of development of the automotive industry. Increasingly sophisticated technologies such as autonomous driving, electric car technology, artificial intelligence, and cloud services are reshaping the automotive industry.
NIO believes that these innovative technologies will not only relieve drivers from the monotony of their daily commutes, but also make cars safer and more environmentally friendly and transform the car into a mobile living space, ultimately becoming a broader part of a user’s lifestyle. NIO also believes that technological advances will reignite enthusiasm and passion toward automobiles.
EP9 supercar, introduced in 2016, set a world record as the then fastest all-electric car on the track at the Nürburgring Nordschleife “Green Hell” track in Germany in May 2017, finishing a lap in 6 minutes and 45.90 seconds. Combined with an attractive design and strong driving performance, the EP9 delivers extraordinary acceleration and best-in-class electric powertrain technology, helping position NIO as a premium brand.
NIO has launched its first volume manufactured electric vehicle, the ES8, to the public at NIO Day event on December 16, 2017 and began making deliveries to users on June 28, 2018. The ES8 is a 7-seater all aluminum alloy body, premium electric SUV that offers exceptional performance, functionality and mobility lifestyle. As of August 28, 2018, NIO had received 15,761 unfulfilled ES8 reservations with deposits.
NIO plans to launch its second volume manufactured electric vehicle, the ES6, by the end of 2018 and start initial deliveries in the first half of 2019. The ES6 is a 5-seater, high-performance premium electric SUV, set at a lower price point than the ES8 to target a broader customer base.
Mr. Louis T. Hsieh has served as NIO's Chief Financial Officer since May 2017. Mr. Hsieh also serves as a non-executive director at New Oriental Education and Technology Group, or New Oriental, a NYSE-listed company providing private educational services in China. Mr. Hsieh joined New Oriental in 2005 and served as chief financial officer from 2005 to 2015, as President from 2008 to 2016, and director since 2007. He is also an independent director and chairman of audit committee for each of JD.com, Inc., China’s largest direct sales internet company; YUM China Holdings, a NYSE-listed restaurant company operating KFC, Pizza Hut, Little Sheep Hot Pot, Taco Bell in China; and from 2016 to 2017 at Nord Anglia Education, Inc., a NYSE-listed education company, which was taken private in July 2017. Prior to joining New Oriental, Mr. Hsieh held senior executive positions in private equity and investment banking with UBS Capital (Managing Director and Asia Tech/Media/Telecom head), JP Morgan (vice president) and Credit Suisse, and served as a corporate and securities law attorney at White & Case LLP. Mr. Hsieh received a bachelor’s degree in industrial engineering and engineering management from Stanford University, a master’s degree in business administration from the Harvard Business School, and a juris doctor degree from the University of California at Berkeley.
Accordint to Mr. Hsieh, the fair value per share, prior to IPO, is as follow:
March 31, 2015 => $0.79
September 30, 2015 => $0.72
December 31, 2015 => $0.86
March 10, 2016 => $0.96
March 31, 2016 => $0.99
June 30, 2016 => $1.15
July 31, 2016 => $1.21
September 30, 2016 => $1.25
December 31, 2016 => $1.30
January 31, 2017 => $1.32
March 31, 2017 => $1.80
June 30, 2017 => $1.80
September 30, 2017 => $2.05
December 31, 2017 => $2.55
March 31, 2018 => $3.38
June 30, 2018 => $4.62
Statistics
Shares Outstanding: 160M at $6.26 IPO price ($1.01B)
Avg Daily Vol: 74.3M
Market Cap: 8.9B
52-Week High: $13.80
52-Week Low: $5.35
Forward PE: NA
Annual Div/Dividend Yield: $0.00 / 0.00%
Annual Rev: ~$7.0M
Inst Own: ~42%
1-Month Return: ~84%
3-Month Return: ~149%
Next Earnings Report Date: 9/30/2018
Earnings ESP: -$2.17
Revenue Per Employee: ~$2350
Money Flow Ratio: ~1.04%
Profitability
Revenue Growth: ~229% (Sector Average 5.9%)
Gross Margin: NA (Sector Average 15.3%)
Return on Equity: NA (Sector Average 14.8%)
Net Margin: NA (Sector Average 3.2%)
Debt
Current Ratio: NA (Sector Average 1.0)
Debt-to-Capital: NA (Sector Average 68.4%)
Interest Funding: NA (Sector Average 11.5%)
Interest Coverage: NA (Sector Average 6)
Dividend
Dividend Growth: NA (Sector Average 2.4%)
Dividend Payout: NA (Sector Average 30.5%)
Dividend Coverage: NA (Sector Average 8.3)
Dividend Yield: NA (Sector Average 0.00%)
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12 Month Price Target
Mean: $85.06
High: $102.83
Low: $48.15
Revenue Growth
~229%
Earnings Surprise
Positive (+24.7%)
Tata Technologies Ltd
Should take out all time high - Longterm Play.
Incorporated in 1994, Tata Technologies Limited is a global engineering services company offering Product Development and Digital Solutions.40% of company‘s revenue comes from its top two captive customers, Tata Motors and JLR.
Fundamentals
Market Cap
₹ 45,220 Cr.
Current Price
₹ 1,115
High / Low
₹ 1,400 / 970
Stock P/E
69.6
Book Value
₹ 79.4
Dividend Yield
0.75 %
ROCE
28.3 %
ROE
21.9 %
Face Value
₹ 2.00
Price to book value
14.0
Intrinsic Value
₹ 298
PEG Ratio
5.11
Price to Sales
8.82
Debt
₹ 257 Cr.
Debt to equity
0.08
Int Coverage
48.6
Reserves
₹ 3,140 Cr.
Promoter holding
55.4 %
Pledged percentage
0.00 %
EPS last year
₹ 16.8
Net CF
₹ 137 Cr.
Price to Cash Flow
154
Free Cash Flow
₹ 204 Cr.
OPM last year
18.4 %
Return on assets
12.6 %
Industry PE
38.8
Sales growth
15.9 %
Automotive Stampings & Assemblies Ltda single sentence : promoted by TATA
siASAL mainly manufactures sheet-metal stampings, welded assemblies, and modules for passenger cars and commercial vehicles (largely for Tata Motors Limited); these products account for more than 95% of the total revenue. It has four manufacturing facilities: two in Pune, one each in Halol (Gujarat) and Pantnagar (Uttarakhand). The Co. is being promoted by TATA Autocomp Systems Ltd (TACO)
Say tata (good bye) to TATA MOTORSHi Friends,
I had a simple strategy.
It is basically
betting on
to BUY the fundamentally strong stock in UPTREND
and
betting on
to SELL the fundamentally weak stock in DOWN TREND to get maximum benefit.
So Tata motoros come to second category.
one CAN go for shorting in sweet spot with stop loss above the down ward trend line.
YOUR HUMBLE TRADER
KIRAN
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