Stock To Watch for Today : ALBERT DAVID LIMITED

Stock To Watch for  Today : ALBERT DAVID LIMITED

On the hourly charts, Albert David Limited has given breakout out from a higher highs-higher lows chart pattern, and it is continuously sustain above the level of 420 with higher volume and will take the stock higher to levels of 449. It had taken support at the 23.8% Fibonacci retracement level 415.

The RSI has formed a positive reversal indicating higher levels in the coming trading sessions. We recommend traders to take long positions in ALBERTDAVD around 422-424 for the targets of 435-445, with a stop loss below 404.

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Market Commentary:

•Diversified group Raymond on April 3 announced foray into the real estate sector and launched its first housing project in Mumbai with an expected revenue of Rs 3,500 crore.Raymond Realty, the new division of the group, will develop a 14-acre housing project at Thane in Mumbai.

While it’s almost a given that the Reserve Bank of India (RBI) will deliver a policy rate cut when the three-day Monetary Policy Committee meeting ends on April 4, hopes are high that the central bank will also do more to address liquidity concerns.

On March 29, the liquidity deficit widened to a one-month high of Rs 1.13 lakh crore, mostly due to the financial year-end outflows. It is likely to continue to be in deficit owing to the high demand for currency in circulation ahead of the general elections.

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International Market Update by Money CapitalHeight

 INTERNATIONAL MARKET UPDATE

INTERNATIONAL MARKET UPDATE

GOLD $ 1326.85

SILVER $ 15.54

COPPER $ 2.85

CRUDE $ 59.21

INR 68.86

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LT Foods rises 7% as co to make investment in its subsidiary

LT Foods Shares

Share price of LT Foods rose 7 percent intraday Thursday after company has decided to make an investment in its subsidiary company.

The company in its board meeting has decided to make an investment of Rs 20,00,00,000 in the form of preference shares in its majority owned subsidiary company Daawat Foods (DFL) to strengthen the balance sheet of DFL and improve its current ratio.

Daawat Foods serves as manufacturing arm of LT Foods. In FY 2018, Daawat Foods reported a revenue of Rs 912 crore (5 year CAGR of more than 15%), EBITDA of Rs 105 crore and PAT of Rs 33 crore, company said in release.

At 12:18 hrs LT Foods was quoting at Rs 38.05, up Rs 1.15, or 3.12 percent on the BSE.

The share touched its 52-week high Rs 99.75 and 52-week low Rs 31.50 on 10 April, 2018 and 26 February, 2019, respectively.

Currently, it is trading 62.01 percent below its 52-week high and 20.32 percent above its 52-week low.

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International Market Update by Money CapitalHeight

INTERNATIONAL MARKET UPDATE

CH: INTERNATIONAL MARKET UPDATE

GOLD $ 1287.45

SILVER $ 15.10

COPPER $ 2.92

CRUDE $ 56.09

INR 70.63

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Bank Nifty Market Trend for 6-March-2019:

Bank Nifty Market Trend

CH: OUTLOOK

BANK NIFTY- CONS.(27150-27960)

NIFTY-CONS.(10885-11085)STRATEGY BUY

SGX NIFTY 24DOW -13.02

GX NIFTY 24DOW -13.02

ASAIN MKT MIX

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Give Missed Call at +91 830-630-830-8

For More Live Updates Click Here: CapitalHeight

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