STOCK CASH POWER TIP

CASH POWER TIP ; BUY SOMANY CERA ABOVE 880 TOTAL 8000 SHARES WITH SL 850

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PC Jewellers Q2 net profit jumps 41%

PC Jewellers today posted a 40.83 % jump in standalone net profit at Rs 150.59 crore for the quarter ended September on strong sales.

Net profit was Rs 106.93 crore in the same period of the previous year, the company said in a regulatory filing. 

Total income increased by 18.78 % to Rs 2,642.98 crore in July-September of 2017-18, from Rs 2,225 crore in the year-ago period.

Revenue from domestic sales rose by 30.10 % to Rs 1,850.96 crore in the period under the review, from Rs 1,422.70 crore a year earlier, while that of exports increased marginally by 5.41 % to Rs 771.36 crore, from Rs 731.91 crore previously

Expenses remained slightly higher at Rs 2,425.15 crore in the second quarter as against Rs 2,072.34 crore in the year- ago period.

However, its impact is seen to be higher on the jewellery sector because of the much bigger percentage of the unorganised segment in this industry, it said in the filing.

The company will strive to increase its market share in coming years, he added.

The stock was trading down by 3.37 % at Rs 364.50 on the BSE today.

The company is into the business of manufacturing and sale of gold jewellery, diamond studded jewellery and silver articles.

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Stock to watch for 07 NOV

1. CENTURY PLY

The stock has given trend line resistance level breakout on closing basis and also macd has given upward crossover. Breakout will be considered above 295 level and target of 302-310 may achieved with a stop loss of 288

2. BIRLA CORPN 

Stock has given trend line breakout above 1040 and now it is consolidating at its higher level. Breakout will be considered above 1180 level and target of 1195 and 1215 may achieved with a stop loss of 1160

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Stocks for Tomorrow

JET AIRWAYS FUTURE

The stock is consolidating just below its resistance level and investors can enter above the consolidation breakout. Breakout will be considered above 602 level and target of 610-618 may achieved with a stop loss of 590.00.

• Consolidating around its resistance level of 600
• MACD has given upward cross over on Daily charts

RUPA 

Stock is consolidating from past 1 month and now it has given trend line breakout on daily charts from the level of 435 and consolidating above it. 450 is very crucial level as we can see that in past stock has taken resistance quite many times and Currently the stock is trading at 445 levels and breakout will be considered above the level of 450, intraday target of 465-470 may achieved with a stop loss of 434. 

• Consolidating around higher levels.
• RSI is placed at 58.87 levels. 
• MACD has given upward cross over on Daily charts.

HSIL CALL RATIONALE & CHART

RATIONALE OF HSIL CALL

CHANNEL RESISTANCE BREAKOUT ON DAILY CHART,SO THE CALL WAS GIVEN

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LIVE TRADING TIPS

Today's Live Trading call -

BUY HSIL ABOVE 436 TARGET 439-444-455 WITH SL 428

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