Weekly Review

Date CA Dr. Ashok Ajmera’s column on Weekly Review Download
16 Nov 2024 ““Indian shares fall for the sixth week in a row as fears of a slowdown in spending combine with concerns about profit moderation and foreign outflows.”

09 Nov 2024 “The Indian equity markets continued to decline as sentiment among investors remained subdued due to concerns about softening Q2 earnings”

02 Nov 2024 “The indices ended a four-month winning streak and posted their worst monthly performance since March 2020,impacted by record monthly foreign outflows and disappointing corporate results”

26 Oct 2024 “The Indian equity market experienced its worst weekly drop since August 2023, as foreign investors fled and corporate results fell short of expectations.”

19 Oct 2024 “The Indian equities market had a mixed week, with foreign investment withdrawals dragging the benchmarks down for a third consecutive week.”

12 Oct 2024 Continuous selling by foreign funds, lagging corporate profits, and growing Middle Eastern tensions, all weighed on Indian benchmarks, causing weekly losses.

04 Oct 2024 Markets go for a toss losing 4.5 %, the most since June 2022 due to escalated tensions between Iran & Israel and huge selling by foreign investors.

27 Sept 2024 Domestic equity markets end record high for the third consecutive week fuelled by aggressive buying by DIIs & increased retail participation.

20 Sept 2024 Domestic equity markets surged, boosted by the US Federal Reserve's 50 basis point interest rate cut

13 Sept 2024 Indian Stock Market Rises on the Hope of US Fed rate cut and renewed FIIs buying.

06 Sept 2024 Markets lost 14 days winning streak mainly due to weak US employment data and concern of Potential US Economic slowdown

30 Aug 2024 Sectoral Gains & mixed Earnings, led Indian stock market ending the week on a positive note. But, a cautious approach is warranted.

23 Aug 2024 Indian equities gain momentum due to global optimism and anticipated Fed rate cuts.

16 Aug 2024 A very volatile week, ended on a high note, boosted by more optimistic domestic & global macroeconomic outlook.

09 Aug 2024 Indian equities drop on global weakness, with mixed performances across sectors

02 Aug 2024 An exciting week ended flat on profit booking.

26 July 2024 Nifty nears all-time high, while mid and small caps surge! Indian markets bounce back following tepid post-budget reaction.

19 July 2024 A stormy week comes to an end with a flat result. Profit booking is success mantra at this juncture.

12 July 2024 After witnessing some profit booking during the week, the domestic markets scaled to new all-time high

28 June 2024 The domestic indices scaled to new all-time high in the week gone by and ended the highly volatile month on a positive note

21 June 2024 The domestic markets saw a flat finish amid profit booking and volatile moves in both directions

14 June 2024 The broader market hit record high levels during the week but overall witnessed subdued sessions. Next major trigger will be the Union Budget.

07 June 2024 The volatile month of May ended on a flat note with harsh swings in both directions. However the exit polls will give a positive direction to market.

01 June 2024 The volatile month of May ended on a flat note with harsh swings in both directions. However the exit polls will give a positive direction to market

18 May 2024 The market reversed significantly in the week gone by but the decade high FII short positions in the Indian markets.

19 April 2024 Escalation in the middle east led to broader market coming under pressure but ended the week with some recovery.

05 April 2024 Market rebounded from the recent lows and closed FY24 on a positive note.

29 March 2024 Market rebounded from the recent lows and closed FY24 on a positive note.

22 March 2024 Broader markets saw recovery from lower levels backed on the positive Fed meet outcome.

15 March 2024 Crackdown by regulators led to the panic selling in broader market with midcap and smallcap stocks nose diving the most.

07 March 2024 In the midst of market volatility, cautious optimism prevails as indices soar to new heights.

23 Feb. 2024 In a week of stability and milestones, market confidence prevails amidst record highs and market activities.

16 Feb. 2024 Amidst ongoing volatility, this week saw the conclusion of major companies' earnings reports, shaping mixed market trends with cautious optimism prevailing.

09 Feb. 2024 In a volatile market week, caution prevails amidst profit-taking and earnings releases

02 Feb. 2024 The domestic market rejoiced and made an all-time high this week as there was no negative policy change announced during the budget.

26 Jan. 2024 The week saw movements in both directions amid high selling pressure witnessed by FII.

19 Jan. 2024 The week opened on a very positive note with broader market indices hitting an all-time high, but could not hold on to the gains.

05 Jan. 2024 2024 opened on a subdued note after a very strong momentum which was witnessed in the last month of CY23

22 Dec. 2023 The broader market witnessed a good fight between the bulls and bears as markets saw profit booking after hitting an all time high.

15 Dec. 2023 Domestic bourses gave 3rd record high weekly close backed on the positive commentary and outlook given by the global central banks.

8 Dec. 2023 Domestic bourses closed at record high levels for second consecutive week as favourable state election results continued the market’s bullish momentum.

1 Dec. 2023 Domestic market touched record high levels backed by the positive economic data..

26 Nov. 2023 Domestic bourses end in the positive terrain amidst volatility; stock specific action expected..

19 June 2022 Indian equities were under tremendous pressure; all eyes would be on global inflation, developments related to Ukraine - Russia war, COVID-19 situation in India and China, movement in crude oil prices and dollar movement..

05 June 2022 Indian equities were upbeat led by positive global cues; all eyes would be on upcoming RBI's Monetary policy, onset on monsoon and crude oil price movement..

01 May 2022 Indian equities remain under pressure led by weak global cues; all eyes would be on upcoming US Fed meet and ongoing Q4FY22 earnings season..

02 April 2022 Indian equities witness buoyancy; all eyes on monthly auto sales, RBI's Monetary policy and Q4FY22 earnings season..

19 March 2022 Indian equities bounce back on talks of peace between Russia and Ukraine; falling price of crude oil and industrial metals triggers rally..

05 March 2022 Bears rule for the moment as crude oil and commodities prices continues to spike led by war between Russia and Ukraine; selective stock picking amidst uncertain environment would remain key..

19 Feb. 2022 Domestic bourses end in red amidst volatility; all eyes would be on developments related to Ukraine – Russia tensions and crude oil price movement….

30 Jan. 2022 Benchmark indices were under tremendous pressure; all eyes on the upcoming Union Budget and ongoing Q3FY22 earnings season..

15 Jan. 2022 Indian equities remain buoyant; all eyes on performance of companies in Q3FY22 earnings season..

01 Jan. 2022 Indian equities end on a positive note; all eyes on Q3FY22 earnings season..

18 Dec. 2021 Bears were in command; FIIs continue to sell.

04 Dec. 2021 Indian equities end in green amidst volatility; all eyes on COVID-19 variant Omicron related information..

20 Nov. 2021 Indian equities remain under pressure; stock specific approach warranted ..

16 Oct. 2021 Bulls remain in control; strong start to Q2FY22 earnings season..

03 Oct. 2021 Benchmark indices were under pressure; stock specific approach recommended..

18 Sep. 2021 Investor sentiments remain upbeat; stock specific approach recommended..

04 Sep. 2021 Bulls knock out bears; buoyancy witnessed across the board..

21 Aug. 2021 Indian equities come under pressure which was expected; metals faced the maximum brunt..

08 Aug 2021 Buoyancy witnessed in Indian equities; investors will keep busy in upcoming IPOs..

17 July 2021 Smallcaps and midcaps continue to rally; Q1FY22 earnings season has started on a good note…

03 July 2021 Smallcaps outperform during the week; advisable to remain stock specific..

19 June 2021 Profit booking witnessed during the week; Unlock in various states and strong liquidity keep sentiments high ..

05 June 2021 Sentiments continue to remain buoyant with Unlock happening in various states; remain stock specific..

08 May 2021 Strong performance by companies in Q4FY21 earnings season and positive global cues support rally in Indian equities; COVID-19 cases continue to spike…

01 May 2021 Ongoing second wave of COVID-19 crisis and Q4FY21 earnings season to drive market direction; remain stock specific..

17 April 2021 All eyes on COVID-19 situation in the country and Q4FY21 earnings season; domestic bourses end in red..

03 April 2021 Record GST collections in March 2021 fosters confidence on fast economic recovery amidst significant surge of COVID-19 cases in the second wave..

20 March 2021 Spike in bond yields, significant rise in COVID-19 cases spoil the show in last week; remain stock specific..

06 March 2021 Midcaps and smallcaps continue to rally; last two days fall can be attributed to spike in bond yields, jump in COVID-19 cases in Maharashtra and rise in Crude oil prices..

06 Feb. 2021 A bold reformist blueprint announced in Union Budget 2021-22; infrastructure, financial, auto and auto ancillaries stocks would remain in focus..

30 Jan. 2021 Correction healthy for Indian equities; Union Budget 2021-22 is keenly awaited by investors considering the hardships faced in COVID-19 crisis..

16 Jan 2021 Caution warranted in ongoing pre budget rally; stick to quality names in midcaps and smallcaps space..

02 Jan. 2021 All eyes would be on Q3FY21 earnings season; expect stock specific action to continue in smallcaps and midcaps..

19 Dec.2020 Stellar run continues at Dalal Street; stock specific action would be witnessed and profit booking can come in ahead of Christmas and New Year..

05 Dec.2020 Re-rating of sectors happening which were hammered in COVID-19 crisis on positive developments related to COVID-19 vaccine; consolidation expected post stellar run in last few weeks..

21 Nov. 2020 Expect consolidation in Indian equities in the near term; rising COVID-19 cases post festive season can play spoilsport for sometime post stellar run….

24 Oct. 2020 Investors have become stock specific amidst largecaps turning expensive; all eyes on ongoing Q2FY21 earnings season, festive sales, COVID-19 related developments and US Presidential elections..

17 Oct. 2020 Bears and Bulls fight it out ahead of festive season amidst weak global cues; correction healthy for investors..

27 Sept. 2020 Bears were in charge on weak global cues and rising COVID-19 cases; correction healthy for investors..

19 Sept. 2020 Buoyancy in smallcaps and midcaps continue; escalating COVID-19 cases is extremely worrisome..

05 Sept. 2020 Valuations have turned expensive after a significant rally in the last five months; great deal of maturity required in current market scenario..

29 Aug. 2020 Investors not connected with ground realities; caution warranted as Indian equities running ahead of fundamentals on FPIs liquidity..

01 Aug. 2020 IT and Healthcare stocks outperform in July’s 2020 rally; correction in Indian equities would provide margin of safety for fresh entry..

18 July 2020 Profit booking and cooling off in Indian equities would be healthy for investors; wait for correction for fresh entry..

04 July 2020 Buoyancy continues in Indian equities; advise not to get carried away by rally led by liquidity..

20 June 2020 Indian equities remain upbeat; investors entered at lower levels should book profits..

13 June 2020 Correction expected to continue as on ground situation bleak at lower levels..

06 June 2020 Robust rally witnessed on relaxations in Lockdown 5.0 and positive global cues; suggest investors to be cautions as the rally is owning to change in sentiments and not on economic recovery..

30 May 2020 Recent rally may fizzle out soon on poor ground situation; some more stimulus and relaxations expected…

16 May 2020 Stimulus package fails to impress street participants; recommend investors to select quality companies for their basket of equities..

09 May 2020 India Inc. needs a major fiscal package soon to withstand ongoing COVID-19 crisis; gradually build portfolio in qualiy companies for long term.

02 May 2020 Expect a steep fall as the whopping rally in April 2020 was beyond logic major fiscal package required to undo damage caused by COVID-19 crisis.

25 April 2020 The delay in announcing a major package is baffling; all eyes are on North Block..

18 April 2020 RBI’S booster package helps domestic bourses end in postive terrain; unprecedented times require unprecedented measures from the Government….

11 April 2020 Robust rally witnessed in Benchmark indices led by upstick in Pharma, FMCG and Auto stocks; all eyes on crude oil price movement and COVID-19 developments…..

04 April 2020 Covid-19 takes a toll on Indian and global equities; all eyes on crude oil price movement and covid-19 developments...

21 March 2020 Worst weekly performance witnessed since 2008; all eyes on COVID-19 developments and crude oil price……..

29 Feb. 2020 Menace of Coronavirus creates blood bath across global markets; all eyes on key developments related to Coronavirus, movement of crude oil price and rupee against the US$……

15 Feb. 2020 Stock specific action to be witnessed; all eyes on telecom blues……

18 Jan., 2020 Rally to continue in midcaps and smallcaps space; all eyes on Q3FY20 earnings season and Union Budget 2020-21……

04 Jan., 2020 Big rally expected in midcaps and smallcaps space; global events remain an over hang……

21 Dec. 2019 Sensex and Nifty hit record highs; all eyes on global cues……

30 Nov. 2019 Q2FY20 GDP data lowest in 6 years - FPIs continue their buying spree; all eyes would be on Monetary policy..

  • Research Analyst or his/her relative’s or Ajcon Global Services Limited financial interest in the subject company(ies): No
  • Research Analyst or his/her relative or Ajcon Global Services Limited actual/beneficial ownership of 1% or more securities of the subject company (ies) at the end of the month immediately preceding the date of publication of this Research note / video : No
  • Research Analyst or his/her relative or Ajcon Global Services Limited has any other material conflict of interest at the time of publication of the Research note / video : No
  • Research Analyst has served as an officer, director or employee of the subject company(ies): No
  • Ajcon Global Services Limited has received any compensation from the subject company in the past twelve months: No
  • Ajcon Global Services Limited has received any compensation for investment banking, or merchant banking, or brokerage services from the subject company in the past twelve months: No
  • Ajcon Global Services Limited has received any compensation for products or services other than investment banking, or merchant banking, or brokerage services from the subject company in the past twelve months: No
  • Ajcon Global Services Limited has received any compensation or other benefits from the subject company or third party in connection with the research video: No
  • Ajcon Global Services Limited has managed or co-managed public offering of securities for the subject company in the past twelve months: No
  • Research Analyst or Ajcon Global Services Limited has been engaged in market making activity for the subject company(ies): No
Recommendation parameters for fundamental research reports and videos:

Buy – Absolute return of 20% and above

Accumulate – Absolute return between 15% and above

Book profits: On achieving the price target given in the research report for a particular Company or on a occurrence of a specific event leading to change in fundamentals of the Company recommended

Disclaimer

Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

Ajcon Global Services Limited is engaged in stock broking, currency broking, investment banking, merchant banking, corporate advisory.

Ajcon Global Services Limited is a SEBI registered Research Analyst entity bearing registration Number INH000001170 under SEBI (Research Analysts) Regulations, 2014.

Individuals employed as research analyst by Ajcon Global Services Limited or their associates are not allowed to deal or trade in securities that the research analyst recommends within thirty days before and within five days after the publication of a research report as prescribed under SEBI Research Analyst Regulations.

Subject to the restrictions mentioned in above paragraph, We and our affliates, officers, directors, employees and their relative may: (a) from time to time, have long or short positions acting as a principal in, and buy or sell the securities or derivatives thereof, of Company mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage.

Ajcon Global Services Limited research analysts responsible for the preparation of the research report may interact with trading desk personnel, sales personnel and other parties for gathering, applying and interpreting information.

Ajcon Global Services Limited or its associates may have commercial transactions with the Company mentioned in the research report with respect to advisory services.

The information and opinions in this report have been prepared by Ajcon Global Services Limited and are subject to change without any notice. The report and information contained herein is strictly confidential and meant solely for the selected recipient and may not be altered in any way, transmitted to, copied or distributed, in part or in whole, to any other person or to the media or reproduced in any form, without prior written consent of Ajcon Global Services Limited While we would endeavour to update the information herein on a reasonable basis, Ajcon Global Services Limited is under no obligation to update or keep the information current. Also, there may be regulatory, compliance or other reasons that may prevent Ajcon Global Services Limited from doing so. This report is based on information obtained from public sources and sources believed to be reliable, but no independent verification has been made nor is its accuracy or completeness guaranteed. This report and information herein is solely for informational purpose and shall not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments. Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. Ajcon Global Services Limited will not treat recipients as customers by virtue of their receiving this report. Nothing in this report constitutes investment, legal, accounting and tax advice or a representation that any investment or strategy is suitable or appropriate to your specific circumstances. The securities discussed and opinions expressed in this report may not be suitable for all investors, who must make their own investment decisions, based on their own investment objectives, financial positions and needs of specific recipient. This may not be taken in substitution for the exercise of independent judgment by any recipient. The recipient should independently evaluate the investment risks. The value and return on investment may vary because of changes in interest rates, foreign exchange rates or any other reason. Ajcon Global Services Limited accepts no liabilities whatsoever for any loss or damage of any kind arising out of the use of this report. Past performance is not necessarily a guide to future performance. Investors are advised to see Risk Disclosure Document to understand the risks associated before investing in the securities markets. Actual results may differ materially from those set forth in projections. Forward-looking statements are not predictions and may be subject to change without notice. Ajcon Global Services Limited or its associates might have managed or co-managed public offering of securities for the subject company or might have been mandated by the subject company for any other assignment in the past twelve months.

Ajcon Global Services Limited encourages independence in research report preparation and strives to minimize conflict in preparation of research report. Ajcon Global Services Limited or its analysts did not receive any compensation or other benefits from the companies mentioned in the report or third party in connection with preparation of the research report. Accordingly, neither Ajcon Global Services Limited nor Research Analysts have any material conflict of interest at the time of publication of this report.

It is confirmed that Research Analysts of this report has not received any compensation from the company mentioned in the report in the preceding twelve months. Compensation of our Research Analysts is not based on any specific merchant banking, investment banking or brokerage service transactions.

Ajcon Global Services Limited or its subsidiaries collectively or Directors including their relatives, Research Analysts, do not own 1% or more of the equity securities of the Company mentioned in the report as of the last day of the month preceding the publication of the research report.

It is confirmed that  research analyst or any other Research Analysts of Ajcon Global do not serve as an officer, director or employee of the companies mentioned in the report.

Ajcon Global Services Limited may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report.

Neither the Research Analysts nor Ajcon Global Services Limited have been engaged in market making activity for the companies mentioned in the report.

We submit that no material disciplinary action has been taken on Ajcon Global Services Limited by any Regulatory Authority impacting Equity Research Analysis activities.

Analyst Certification

I, Research analyst, author and the names subscribed to this report, hereby certify that all of the views expressed in this research report accurately reflect our views about the subject issuer(s) or securities. I also certify that no part of compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view (s) in this report.

  • Research Analyst or his/her relative’s or Ajcon Global Services Limited financial interest in the subject company(ies): Yes
  • Research Analyst or his/her relative or Ajcon Global Services Limited actual/beneficial ownership of 1% or more securities of the subject company (ies) at the end of the month immediately preceding the date of publication of this research report : No
  • Research Analyst or his/her relative or Ajcon Global Services Limited has any other material conflict of interest at the time of publication of the research report : No
  • Research Analyst has served as an officer, director or employee of the subject company(ies): No
  • Ajcon Global Services Limited has received any compensation from the subject company in the past twelve months: No
  • Ajcon Global Services Limited has received any compensation for investment banking, or merchant banking, or brokerage services from the subject company in the past twelve months: No
  • Ajcon Global Services Limited has received any compensation for products or services other than investment banking, or merchant banking, or brokerage services from the subject company in the past twelve months: No
  • Ajcon Global Services Limited has received any compensation or other benefits from the subject company or third party in connection with the research report: No
  • Ajcon Global Services Limited has managed or co-managed public offering of securities for the subject company in the past twelve months: No
  • Research Analyst or Ajcon Global Services Limited has been engaged in market making activity for the subject company(ies): No
Recommendation parameters for fundamental research reports

Buy – Absolute return of 20% and above

Accumulate – Absolute return between 15% and above

Book profits: On achieving the price target given in the research report for a particular Company or on a occurrence of a specific event leading to change in fundamentals of the Company recommended

Disclaimer

Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

Ajcon Global Services Limited is engaged in stock broking, currency broking, investment banking, merchant banking, corporate advisory.

Ajcon Global Services Limited is a SEBI registered Research Analyst entity bearing registration Number INH000001170 under SEBI (Research Analysts) Regulations, 2014.

Individuals employed as research analyst by Ajcon Global Services Limited or their associates are not allowed to deal or trade in securities that the research analyst recommends within thirty days before and within five days after the publication of a research report as prescribed under SEBI Research Analyst Regulations.

Subject to the restrictions mentioned in above paragraph, We and our affliates, officers, directors, employees and their relative may: (a) from time to time, have long or short positions acting as a principal in, and buy or sell the securities or derivatives thereof, of Company mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage.

Ajcon Global Services Limited research analysts responsible for the preparation of the research report may interact with trading desk personnel, sales personnel and other parties for gathering, applying and interpreting information.

Ajcon Global Services Limited or its associates may have commercial transactions with the Company mentioned in the research report with respect to advisory services.

The information and opinions in this report have been prepared by Ajcon Global Services Limited and are subject to change without any notice. The report and information contained herein is strictly confidential and meant solely for the selected recipient and may not be altered in any way, transmitted to, copied or distributed, in part or in whole, to any other person or to the media or reproduced in any form, without prior written consent of Ajcon Global Services Limited While we would endeavour to update the information herein on a reasonable basis, Ajcon Global Services Limited is under no obligation to update or keep the information current. Also, there may be regulatory, compliance or other reasons that may prevent Ajcon Global Services Limited from doing so. This report is based on information obtained from public sources and sources believed to be reliable, but no independent verification has been made nor is its accuracy or completeness guaranteed. This report and information herein is solely for informational purpose and shall not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments. Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. Ajcon Global Services Limited will not treat recipients as customers by virtue of their receiving this report. Nothing in this report constitutes investment, legal, accounting and tax advice or a representation that any investment or strategy is suitable or appropriate to your specific circumstances. The securities discussed and opinions expressed in this report may not be suitable for all investors, who must make their own investment decisions, based on their own investment objectives, financial positions and needs of specific recipient. This may not be taken in substitution for the exercise of independent judgment by any recipient. The recipient should independently evaluate the investment risks. The value and return on investment may vary because of changes in interest rates, foreign exchange rates or any other reason. Ajcon Global Services Limited accepts no liabilities whatsoever for any loss or damage of any kind arising out of the use of this report. Past performance is not necessarily a guide to future performance. Investors are advised to see Risk Disclosure Document to understand the risks associated before investing in the securities markets. Actual results may differ materially from those set forth in projections. Forward-looking statements are not predictions and may be subject to change without notice. Ajcon Global Services Limited or its associates might have managed or co-managed public offering of securities for the subject company or might have been mandated by the subject company for any other assignment in the past twelve months.

Ajcon Global Services Limited encourages independence in research report preparation and strives to minimize conflict in preparation of research report. Ajcon Global Services Limited or its analysts did not receive any compensation or other benefits from the companies mentioned in the report or third party in connection with preparation of the research report. Accordingly, neither Ajcon Global Services Limited nor Research Analysts have any material conflict of interest at the time of publication of this report.

It is confirmed that Research Analysts of this report has not received any compensation from the company mentioned in the report in the preceding twelve months. Compensation of our Research Analysts is not based on any specific merchant banking, investment banking or brokerage service transactions.

Ajcon Global Services Limited or its subsidiaries collectively or Directors including their relatives, Research Analysts, do not own 1% or more of the equity securities of the Company mentioned in the report as of the last day of the month preceding the publication of the research report.

It is confirmed that Research analyst or any other Research Analysts of Ajcon Global do not serve as an officer, director or employee of the companies mentioned in the report.

Ajcon Global Services Limited may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report.

Neither the Research Analysts nor Ajcon Global Services Limited have been engaged in market making activity for the companies mentioned in the report.

We submit that no material disciplinary action has been taken on Ajcon Global Services Limited by any Regulatory Authority impacting Equity Research Analysis activities.

Analyst Certification

I, Research analyst, author and the names subscribed to this report, hereby certify that all of the views expressed in this research report accurately reflect our views about the subject issuer(s) or securities. I also certify that no part of compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view (s) in this report.