Buy Fairchem Speciality, target Rs 595: KR Choksey Securities - news update @capitalstars 23 Apr

KR Choksey Securities has a buy call on Fairchem Speciality with a target price of Rs 595. 

The current market price of Fairchem Speciality is Rs 471.70. 

Time period given by the brokerage is one year when Fairchem Speciality price can reach the defined target. 

Investment rationale by KR Choksey Securities 
Privi Organics India Ltd is the largest aroma chemical manufacturer in India with a production capacity of 22,000 MTPA spread across four manufacturing facilities in Maharashtra and Gujarat. 

The company has a strong clientele base including the likes of Givaudan, Firmenich, IFF, Symrise and so on with exports accounting for nearly 68 per cent of its revenues. Aroma chemicals form the building blocks of Flavors & Fra .. 

The aroma chemicals market is dominated by players like Privi, Renessenz, Arizona, IFF, DRT and Takasago and attributes to nearly 16 per cent of the total F&F industry. 

Currently, the global market size of aroma chemicals stands at USD nearly 5,200 mn and registered a growth of nearly 5.8 per cent CAGR over FY10-FY18. 

Interestingly, the market grew at a robust pace of nearly 8 per cent over FY14-FY18 on the back of i.) healthy growth momentum of FMCG market, ii.) consistent surge in disposable incomes, and iii.) increase in urbanization in the emerging economies. 

Going ahead, the global aroma chemical market is estimated to sustain its growth momentum and deliver nearly 7 per cent CAGR over FY17-FY20. 


In terms of consumption, North America accounts for majority (30 per cent) of consumption of overall F&F market followed by Europe and Asia Pacific region. However going forward, we believe, Asia Pacific region to register highest growth owing to increasing domestic demand in developing countries like India and China. 

Compared to global market, the Indian market size of aroma chemicals (consumption) currently stands at USD 200 mn (nearly 3.85 per cent of global market) and is expected to grow at nearly 15 per cent over FY17-FY20 owing to (i) Increasing per capita income, (ii) growing urban population share, (iii) deeper penetration of FMCG products in rural areas and (iv) expansion of organized retail in tier II & III cities. 

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News Update @Capitalstars: Indian equity market open on a negative note - 20 Apr 2018

Indian Indices:   

                             
Indian equity market is likely to open on a negative note today tracking weak cues from other Asian peers and bearish Nifty futures on the Singapore Stock Exchange. Moreover,hawkish tone by RBI policymakers, as indicated by the minutes of the recent policy review may weigh on investors’sentiments. The minutes of the Monetary Policy Committee (MPC) released on Thursday indicated a rise in interest rates might just be round the corner in wake of rising inflation.

Weak SGX Nifty Index Futures for April delivery, which was trading at 10,537.00, down 51 points, or 0.48%, at 11:28 AM Singapore time, also signaled a negative opening for the domestic equity bourses. Dalal Street investors will react to IMF chief Christine Lagarde comment who said she does not expect the pace of economic reforms in India to continue in an election year.

Global Market:

• Major Asian markets are trading mixed, Nikkei is up 0.03%, Hang Seng is down 0.04% while Shanghai Composite is trading 0.39% lower.

• US Markets: Stocks witnessed a correction in yesterday’s session. The Dow fell 0.3% to 24,664.89, the Nasdaq slipped 0.8% to 7,238.06 and the S&P 500 dropped 0.6% to 2,693.13.

• European markets ended on a mixed note yesterday with the FTSE closing 0.16% higher, CAC ended up 0.21% while the DAX ended 0.19% lower.
Major Headlines of the day:

• Thomas Cook: The company has purchased 4.4 percent in Travel Corporation of India.

• Indian Metals & Ferro Alloys: Company gets Rs 123 crore notices for excessive mining.

• ABG Shipyard: Liberty House UK moves NCLT to challenge resolution professional's decision

• TCS: Q4 profit up 5.7 percent QoQ at Rs 6,904 crore, EBIT margin at 25.4 percent; approves 1:1 bonus

• Cyient: Q4 net up 16.2 percent to Rs 121.5 crore

Trend in FII flows: 

The FIIs were Net Value of Rs -624.99 the cash segment Thursday while the DIIs were Net Value of Rs 448.61 as per the provisional figures.

TODAY ON EARNING FRONT:- IBULHSGFIN, SASKEN TECH, AMA,.BIOPAC

Securities in Ban For Trade Date 20-APR-2018:

1.BALRAMCHIN
2.IRB
3.JETAIRWAYS
4.JPASSOCIAT
5.RCOM
6.TV18BRDCST

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WWW.CAPITALSTARS.COM+917316690000

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Market Update @Capitalstars: CNX metal outperforms led by Hindustan Copper; TCS trades in green, Hindalco jumps 4% 19 Apr 2018

The market breadth was in favour of the advances with 892 stocks advancing while 688 declined and 452 remained unchanged. On the other hand, in the BSE, 1041 stocks advanced and 861 declined and 93 remained unchanged.

The Indian equity market was trading on a positive note on Thursday morning with the Nifty gaining 28 points was trading at 10,554 while the Sensex was up 76 points or 0.22 percent.

The Nifty IT index gained close to 1 percent led by Mindtree which jumped 3.11 percent followed by HCL tech which added 1.5 percent while Tech Mahindra was up 1 percent.

Tata Consultancy Services ahead of its Q4 results was trading on a positive note and was up 0.4 percent in the morning trade.

Nifty metal index jumped 2.4 percent led by Hindustan Copper which zoomed over 11 percent followed by NALCO and Vedanta which added between 3-5 percent. Hindalco Industries, Jindal Steel & Power were the other performing metal stocks.

The top Nifty gainers included Hindalco Industries which jumped 4 percent while Vedanta from the same metal space gained 3.5  percent. Oil & Natural Gas Corporation, UltraTech Cement and Tata Steel were the other gainers.

The most active Nifty stocks included Mindtree which added 3 percent followed by Hindalco Industries, Vedanta, Tata Steel and TCS.

The top BSE gainers included Hindustan Copper which jumped close to 11 percent followed by MMTC, NALCO, Tata Steel and Vakrangee.

21 stocks hit fresh 52-week high including Godrej Consumer, Mindtree, KEC International and Pidilite Industries among others.

The market breadth was in favour of the advances with 892 stocks advancing while 688 declined and 452 remained unchanged. On the other hand, in the BSE, 1041 stocks advanced and 861 declined and 93 remained unchanged.

HAVE A NICE DAY!!!!!!

WWW.CAPITALSTARS.COM+917316690000

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Free Commodity Tips -

Precious Metal Pack is one of our packages for MCX Traders. In this package, we provide Accurate Mcx Tips & Free Commodity Tips i.e. gold tips & silver tips

Commodity Tips -

We provide you daily intraday option premium calls, share tips, stock options Tips, nifty option premium calls with high-level accuracy.

Share Tips -

Bullion Intraday is including Bullion tips, commodity trading tips, Gold,Silver, Aluminium, Nickel, Lead, Copper, N G, with 90% accuracy for MCX Traders.

Read More