Firstsource Solutions Share Report and Trading Advice for Tomorrow (20 Sep 2017)

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

“FIRST SOURCE SOLUTIONS is strong on daily Charts & bullish cross over in KST and good numbers at CCI shows bullish trend, therefore We advice traders to go long above 46 with a price target of 48 & Stop loss should be placed below 43”

Its debt repayment plan is on good track with net debt at US$76.2 million as on June 30, 2017. It could become debt free by FY19E. It could lead to renovation in margin profile in a year ahead.

Stock has been gaining for the last 5 days and has risen 12.94% in the period & Outperformed Sector by 0.83%.

FIRST SOURCE SOLUTIONS was closed 2.06 per cent up today at Rs 44.65 at NSE.

Stock News: Reliance shares hit record high, Shares of telecom companies Slump

Shares of telecom companies such as Idea Cellular Ltd, Bharti Airtel Ltd, and Reliance Communications Ltd slumped 7.4%, 6.2%, and 4.2%, respectively. Investors are responding negatively to Telecom Regulatory Authority of India’s new mandate wherein it has cut interconnect usage charge to 6 paise effective from 1 October.

Tata Steel shares advanced 0.51 percent at Rs 677.90 on BSE as Tata Steel and thyssenkrupp AG have signed an MOU to create a leading European steel enterprise by combining the flat steel businesses. The stock had hit a high and low of Rs 689.75 and Rs 674.30 respectively during the late morning hours. 

Stocks of Divi's Lab surge 6 percent in today's trade on account of resolving Unit 2 observation issue. Stock is presently trading at eight-month high.

Max Financial Life Insurance Company may merge with Birla Sun Life. Aditya Birla Capital likely to invest Rs 3.000 Crore for buy at Rs 800 per share, as per media reports.

The Rupee dropped a little bit against the US currency to 64.14 in today’s early trade upon dollar demand from importers and banks. The rupee opened lower by 5 paise at 64.18 against the last close of 64.13 at the inter-bank FX. Asian currencies were trading higher, while the dollar index, which reads the US currency’s strength against major currencies, was trading at 91.732, down 0.07 percent from its last close of 91.793.

Top Stock Trading Tips for Tomorrow by Expert ( 19 Sep 2017 )

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

“KEI INDUSTRIES is the stock which I would recommend to buy above Rs 367; this can see topside to levels closer to Rs 378 - 380 zones, keep stop loss below Rs 351”.

I foresee retail business to advance by 30 percent in this financial year. Therefore, enduring to focus on flourishing retail business & it has also shown good consistent profit growth of 32.23% over 5 years.

Stock has been gaining for the last 4 days and has risen 16.23% in the period & Outperformed Sector by 2.49%.

KEI INDUSTRIES was closed 3.89 per cent up today at Rs 349.95 at NSE.