Indus Towers Ltd (Indus Towers) formerly known as Bharti Infratel Ltd, is a provider of telecom tower and related infrastructure solutions. The company mainly involved in installing, owning, and managing of communications structures and telecom towers for wireless operators. Indus Towers also provides shelter and tower for housing the base transceiver stations; installation, repair, maintenance, overhauling, and up-gradation services; and onsite power supply equipment such as battery banks, transmission room and diesel generators. The company operates through a network of towers, co-locations, telecom circles, and solar-powered towers across India. The company’s major customers include telecom service providers such as Vodafone+Idea, Airtel, Reliance Jio, MTNL and BSNL. Indus Towers is headquartered in Gurugram, Haryana, India.
Previous Close
225.2
TTM EPS
20.71
52 Week High
245.50
TTM PE
11.64
52 Week Low
135.80
P/B
2.93
Sector PE
35.33
Mkt Cap (Rs. Cr.)
64,988
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom research)
The counter gave a five-quarters consolidation break-out above 200 in Dec-23 levels & gained +20% this year. Last week, the counter ended on a strong note up +9% at 240.80 indicating further follow-up move in days to come.
The counter has an immediate minor hurdle at around 260 followed by higher positional targets of 280-300 zone on the mid-term time-frame.
In short-term outlook bias can be “Buy-On-Dip” towards 220 & lower levels for potential higher 260 & higher thereafter maintaining stop below 200 on closing basis.
Option Chain Study
Derivative Option Chain data indicates “Tug-Of-War” at around 220 Strike rates holding above which bias remains “Buy-On-Dip” with strict stops. Maximum CE build-up is at 220 & 250 Strike while maximum PE build-up is at 220 & 200 Strikes.
Dips towards 220 odd can provide fresh better risk-reward ratio for fresh trading long bets. Overall, look for hedged long strategies unless the counter witnesses short-covering in days to come.
Hindustan Aeronautics Ltd (HAL) is an aerospace and defense company, owned by the government of India. The company develops, designs, manufactures, and supplies aircraft, helicopters, avionics, and communications equipment for military and civil markets. It also provides repair, maintenance, and support services for aircraft. HAL offers accessories for aircraft, helicopters and aero engines, aerospace equipment, advanced communication, and navigation equipment. It serves the Indian Air Force, Indian Army, Indian Navy, Defence Research & Development Organization, Indian Coast Guard, Indian Space Research Organization, Mauritius Police Force, Boeing, and Airbus Industries. The company operates through a network of production facilities, and research and design centers in India. HAL is headquartered in Bengaluru, Karnataka, India.
Previous Close
3005.7
TTM EPS
91.86
52 Week High
4170.0
TTM PE
33.15
52 Week Low
1767.8
P/B
5.27
Sector PE
29.93
Mkt Cap (Rs. Cr.)
203,675
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom research)
The counter is broadly within a consolidation between 2700 & 3100 zone since last eight weeks. Last week, the counter ended marginally in red down -0.65% at 3046 levels.
The counter has immediate support zone at around 2800-2700 zone followed by higher positional targets 3250 & higher 3400 levels on mid-term time-frame.
In short-term outlook bias can be “Buy-On-Dip” towards 2990 & 2850 levels for potential higher 3170 & higher 3300+ levels thereafter maintaining stop below 2800 on closing basis.
Option Chain Study
Derivative Option Chain data indicates “Tug-Of-War” at around 2900 Strike rates holding above which bias remains “Buy-On-Dip” with strict stops.
Maximum CE build-up is at 3100 & 3200 Strike while maximum PE build-up is at 3000 & 2900 Strikes. Dips towards 2900 odd can provide fresh better risk-reward ratio for fresh trading long bets. Overall, look for hedged long strategies unless the counter witness short-covering sustaining above 3100 levels.
Disclaimer: This document is not intended for anyone other than the recipient. The contents of this document may not be reproduced or further distributed to any person or entity, whether in whole or in part, for any purpose. If you have received the publication in error please notify the sender immediately. If you are not the named addressee, you should not disseminate, distribute or copy this document. You are hereby notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited. All non-authorised reproduction or use of this document will be the responsibility of the user and may lead to legal proceedings. This document has no contractual value and is not and should not be construed as advice or as an offer or the solicitation of an offer or a recommendation to take action in consonance in any jurisdiction. Finwizard Technology Private Limited (“Fisdom”) makes no guarantee, representation or warranty and accepts no responsibility or liability for the accuracy or completeness of the information and/or opinions contained in this document, including any third party information obtained from sources it believes to be reliable but which has not been independently verified. In no event will Fisdom be liable for any damages, losses or liabilities including without limitation, direct or indirect, special, incidental, consequential damages, losses or liabilities, in connection with your use of this document or your reliance on or use or inability to use the information contained in this document, even if you advise us of the possibility of such damages, losses or expenses. Fisdom does not undertake any obligation to issue any further publications or update the contents of this document. The information stated and/or opinion(s) expressed herein are expressed solely as general commentary for general information purposes only and do not constitute advice, solicitation or recommendation to act upon thereof. Fisdom does not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive this document. The information contained within this document has not been reviewed in the light of your personal circumstances. Please note that this information is neither intended to aid in decision making for legal, financial or other consulting questions, nor should it be the basis of any investment or other decisions. Fisdom may have issued other similar documents that are inconsistent with and reach different conclusion from the information presented in this document. The relevant offering documents should be read for further details. You should make such researches/inspections/inquiries as it deems necessary to arrive at an independent evaluation of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks involved. Fisdom makes no representations that the offerings mentioned in this document are available to persons of any other country or are necessarily suitable for any particular person or appropriate in accordance with their local law. Among other things, this means that the disclosures set forth in this document may not conform to rules of the regulatory bodies of any other country and investment in the offer discussed will not afford the protection offered by the local regulatory regime in any other country. Past performance contained in this document is not a reliable indicator of future performance whilst any forecasts, projections and simulations contained herein should not be relied upon as an indication of future results. The historical performance presented in this document is not indicative of and should not be construed as being indicative of or otherwise used as a proxy for future or specific investments. The relevant product documents should be read for further details. Fisdom does not undertake any obligation to issue any further publications to you or update the contents of this document and such contents are subject to changes at anytime.