Shankara Share Advice for Tomorrow by Research Team ( 6 Sep 2107

Research Head (MONEY MAKER RESEARCH & INVESTMENT ADVISOR PVT LTD) is having a view that one can go long in SHANKARA.

“SHANKARA is the stock which We would Recommend to buy above Rs 1444; this can see a upside to levels closer to Rs 1510 -1520 zones, keep stop loss below Rs 1360”.

Bangalore headquartered Shankara Building Products is a retailer of home improvement and building products including structural steel, cement, TMT bars, hollow blocks, pipes and tubes, roofing solutions, welding accessories, primers, solar heaters, plumbing, tiles, sanitary ware, water tanks, plywood, kitchen sinks, lighting and other allied products.

"It is the best proxy to play the anticipated growth in building materials and retail in India, It expects return on capital employed to improve given strong SSG, minimal capex and efficient working capital. Revenue and net profit is expected to grow at CAGR of 25 percent and 40 percent over FY17-19, respectively.

We expect debt to equity ratio to see a slide in the next 2-3 years.

SHANKARA was closed 6.65 percent up today at Rs 1402.10 at NSE.

Market Watch: Bank stocks fall; Axis Bank, PNB top losers

The BSE Bankex index lost about 1% in Wednesday's initial trade to hit 27314 with shares of Punjab National Bank (down 1.78%), followed by Axis Bank (down 1.36%), ICICI Bank (down 0.91%), Federal Bank (down 0.89%), Bank of Baroda (down 0.76%), HDFC Bank (down 0.69%) and SBI down 0.65%) as top losers.

Besides bank, healthcare, realty, FMCG and IT indices also witnessed significant fall. Sun Pharma, Lupin, Bajaj Auto , Axis Bank, Adani Ports and Infosys were the top losers in Sensex pack, each losing over 1%.

BSE Realty index was trading in negative terrain with almost all the stocks trading in the negative. BSE Realty was trading lower by 1.13 percent at 2,171 levels on BSE at post morning hours. Indiabulls Real Estate was the major loser in the index, which is trading lower by 2.13 percent at Rs 236 share apiece. The stock was contributing majorly to the index losses. DLF was also gaining more than 7 points to the index losses, while Oberoi Realty and Phoenix are contributing above 3 points to the index losses.

The Indian rupee today weakened for the 4th session to hit a 3-week low against the USD after FIIs liquidated their investments in the domestic markets. The rupee opened at 64.18 per dollar and touched a low of 64.22 and was trading at 64.21 per dollar, down 0.12 percent from its last close of 64.13.

Best Share for Tomorrow Trading by Research Expert ( 5 Sep 2107)

Research Head (MONEY MAKER RESEARCH & INVESTMENT ADVISOR PVT LTD) is having a view that one can go long in NIITLTD.

“NIITLTD is the stock which I would recommend to buy above Rs 113.50; this can see a upside to levels closer to Rs 118-120 zones, keep stop loss below Rs 106”.

Cash flows for the Company improved during the course of the year under review, with better collections as reflected in lower receivable days at 80 at the end of the year (compared to 93 days a year ago).

The Company made a strong foray into Automation and Robotics, launching intelligent automation for business operations, aimed at driving greater business benefits for its clients globally. Towards this end, the Company has partnered with UiPath, a Software Company that specializes in Robotic Process Automation (RPA).

The Company also continued to make ongoing enhancements to its existing capabilities through investments in new emerging technologies, partnerships, and appropriate skills to deliver exceptional customer value and operational excellence.

NIITLTD was closed 4.73 per cent up today at Rs 110.80 at NSE.