A “bullish harami” pattern was witnessed on the daily chart recently but the buying was not triggered as the prices couldn’t manage to close above the high of the pattern and kept trading in a range throughout the week. Last trading session of the week has revived the bullish sentiments again with the big green candle suggesting that bulls are likely to continue having an upper hand in coming days. … [Read more...] about Adopt Bull Put Spread strategy as rupee is heading towards 77/USD
Vice president at credit suisse
2020 marked as year of reforms: 10 potential wealth-creators for next 2-3 years
Mahanagar Gas LtdMGL is Mumbai's sole distributor of gas, an essential commodity, the demand for which will be relatively less impacted by the COVID scenario. The demand for gas is set to pick up dramatically in the country, with the government encouraging the use of clean fuels and reduce pollution.The recent decline in natural gas prices will lower costs and expand margins going forward. We value the company at 13x FY22E EPS, and recommend a buy rating.Pidilite IndustriesThe company enjoys a monopoly in the adhesive sector (70 percent market share), along with its strong financials, which will help the company withstand the COVID-19 impact .Pidilite has a strong balance sheet with almost zero debt and has maintained an average ROE of 27 percent in the last five years, justifying its premium valuation.The recent reduction in oil prices will enable the company to lower costs and improve margins in the future. Hence, we value the company at 49x FY22E EPS and put a buy rating on the … [Read more...] about 2020 marked as year of reforms: 10 potential wealth-creators for next 2-3 years
