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LORD JESUS CHRIST SAYS

“The thief cometh not, but for to steal, and to kill, and to destroy: I am come that they might have life, and that they might have it more abundantly. I am the good shepherd: the good shepherd giveth his life for the sheep.” Jesus Christ, John 10:10-11

19 Nov 2016

STOCK MARKET- Overnight TIPS- Stocks to look out for on November 21 + MORE.

The stocks which could witness significant movement on November 21 are Bharat Forge, NTPC, ABB, Alembic Pharmaceuticals and Shobha Developers/Siyaram Silk/National Aluminium/ India Cements.
Bharat Forge :- Bharat Forge Ltd., has informed BSE that, members of Finance & Risk Management Committee of the Company in its meeting held and concluded on November 18, 2016, have accorded their approval for acquisition of Walker Forge Tennessee LLC, USA along with PMT Holding Inc., USA through its wholly owned subsidiary Bharat Forge America Inc., USA for a total consideration of USD 14 million. This acquisition shall consummate on completion of certain conditions precedent as set forth in the Equity Purchase Agreement.

NTPC:-With reference to the earlier letter dated November 09, 2016, NTPC Ltd., has now informed BSE that Delhi Pollution Control Committee (DPCC) has further directed NTPC to keep all units of Badarpur Thermal Power Station (BTPS) closed till January 31, 2017.
ABB:-ABB India Ltd., has informed BSE regarding a press release dated November 18, 2016 titled "ABB India and IIT Madras collaborate to develop multi village microgrid models to enable access to reliable electricity in remote areas".
Alembic Pharmaceuticals:-  Alembic Pharmaceuticals Ltd., has informed BSE regarding a press release dated November 18, 2016, title "Alembic Pharmaceuticals receives USFDA Approval for Telmisartan and Amlodipine Tablets".
Shobha Developers/Siyaram Silk/National Aluminium/ India Cements :- These companies will be coming up with quarterly results tomorrow.
Demonetisation After Effect: Capital Goods Sector

The demonetisation move by the Modi government to curb the black money menace was welcomed by many, but it has sucked liquidity from the markets drastically. The adverse effects of demonetisation has left the economy gasping, albeit for the short term. While the markets are struggling to get back on track soon, the capital goods sector stocks have taken a beating on the bourses. 
Take, for instance, the capital goods index which has fallen by over 2 per cent since November 9. Major shares such as Larsen and Toubro fell 1 per cent, BHEL declined 4 per cent while Mahindra CIE Automotive fell by over 5 per cent. Solar Industries has fallen by 2 per cent. Crompton Greaves on the other hand has fallen by over 12 per cent. Shares of Thermax has declined by 2 per cent.

This is not the first time that capital goods stocks have taken a plunge. In April 2016, capital goods stocks had plunged more than 60 per cent this year from their 52-week highs. However, experts believe that this is the right time to get into these stocks. 

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