Tikiri Bandara - ටිකිරි බණ්ඩාර (2025)

08/11/2024

SIEMENS LIMITED

Siemens' stock performance in 2024 has been marked by substantial growth, with the share price reaching around ₹7,050, representing a 75% increase year-to-date. Analysts indicate that Siemens’ recent acquisition of Altair Engineering for $10.6 billion aims to strengthen its presence in the industrial software sector, which could potentially fuel additional growth in its valuation. The company's diverse portfolio, including energy, infrastructure, and industrial automation, aligns with long-term growth sectors like renewable energy and digital transformation, enhancing its overall outlook.Moving into 2025, the stock may continue its upward trajectory, with potential targets ranging from ₹9,912 to ₹10,321, indicating potential growth of up to 46%.

Price Action:

★ The stock is currently priced at 7073.45 having shown a strong upward trend over the last several weeks.
2. Support and Resistance Levels:

★ Immediate resistance is placed at 7164.25 just above the current price,which act as a critical level for further bullish continuation.

★ Important support levels include:
6969.35 (short-term support)
6865.25 (medium-term support)
6774.45 (long-term support zones).

3. Volume and Trend:

★ The stock shows significant buying interest, with volumes spiking in line with the uptrend.

4.Relative Strength Index (RSI):

★ The RSI is around 48.23 indicating that the stock is in the mild bullish range and have good potential in futures.

Conclusion:

★ Bullish Scenario: A breakout above 7264.25 could lead to further upward momentum, potentially taking the price higher.

★ Bearish Scenario: A failure to maintain above 6969.25 may see the stock correcting to lower support levels like 6774.45.

★ Operation strategy-
Buy Price : 7073
Target price: 7150 / 7200 / 7300
Stop loss price: 6950

08/11/2024

C.E. INFO SYSTEM LIMITED ( MAPMYINDIA)

MapmyIndia (C.E. Info Systems Ltd.) is a mapping and geospatial services company in India, with stock performance influenced by its niche market and recent earnings announcements. As of early November 2024, the stock is trading around INR 2,070, reflecting a recent 4.88% increase in the last 24 hours, though it's been volatile over the past year. MapmyIndia’s stock performance is marked by both growth potential and challenges, evident in its mixed financial results and fluctuating price targets.
MapmyIndia remains attractive due to its high-profit margins, relatively low debt, and consistent demand for digital mapping and data analytics in India. The stock's operating profit margin (OPM) stands strong around 40%, with sales showing a compounded annual growth rate (CAGR) of 28% over the trailing twelve months, signaling resilience in its core business despite recent challenges.

Price Action:

★ The stock is currently priced at 2070 having shown a strong upward trend over the last several weeks.

2. Support and Resistance Levels:

★ Immediate resistance is placed at 2117.17 just above the current price,which act as a critical level for further bullish continuation.

★ Important support levels include:
1997.67 (short-term support)
1925.33 (medium-term support)
1878.17 (long-term support zones).

3. Volume and Trend:

★ The stock shows significant buying interest, with volumes spiking in line with the uptrend.

4.Relative Strength Index (RSI):

★ The RSI is around 54.15 indicating that the stock is in the mild bullish range and have good potential in futures.

Conclusion:

★ Bullish Scenario: A breakout above 2117.17 could lead to further upward momentum, potentially taking the price higher.

★ Bearish Scenario: A failure to maintain above 1997.67 may see the stock correcting to lower support levels like 1878.17

★ Operation strategy-
Buy Price : 2070
Target price: 2110 / 2150 / 2200
Stop loss price: 2020

07/11/2024

ALKEM LABORATORIES LIMITED

Alkem Laboratories is currently trading near INR 5,853.80, reflecting a significant 53.69% year-to-date growth. This growth is driven by a robust earnings trajectory, with trailing twelve-month (TTM) revenue of INR 127.32 billion and net income of INR 20.54 billion, leading to a price-to-earnings (P/E) ratio of around 34.07.
Alkem's focus on the US and Indian pharmaceutical markets, particularly in branded generics and specialty drugs, has helped it maintain a steady revenue base despite global economic pressures. Recent partnerships, like the licensing agreement with Sonnet BioTherapeutics, could enhance its product pipeline, especially in areas like diabetic neuropathy. Additionally, Alkem's plans for operational expansion have included potential acquisitions, although their recent bid to acquire Novartis India's assets encountered competitive and valuation challenges.

Price Action:

★ The stock is currently priced at 5853.80 having shown a strong upward trend over the last several weeks.

2. Support and Resistance Levels:

★ Immediate resistance is placed at 5925.53 just above the current price,which act as a critical level for further bullish continuation.

★ Important support levels include:

5721.53 (short-term support)
5589.27 (medium-term support)
5517.53 (long-term support zones).

3. Volume and Trend:

★ The stock shows significant buying interest, with volumes spiking in line with the uptrend.

4.Relative Strength Index (RSI):

★ The RSI is around 44.69 indicating that the stock is in the mild bullish range and have good potential in futures.

Conclusion:

★ Bullish Scenario: A breakout above 5925.53 could lead to further upward momentum, potentially taking the price higher.

★ Bearish Scenario: A failure to maintain above 5721.53 may see the stock correcting to lower support levels like 5517.53 .

★ Operation strategy-

Buy Price : 5853
Target price: 5900 / 5950 / 6000 / 6100
Stop loss price: 5800

07/11/2024

LAURUS LABS LIMITED

Laurus Labs has had an interesting financial trajectory lately, showing both growth and challenges. Its market cap currently stands at approximately INR 267.7 billion, marking a 25.4% year-over-year increase, which reflects significant investor confidence despite some volatility. Recent earnings reports, however, have missed expectations, indicating potential operational challenges. For instance, while revenues in prior quarters have been strong.
Laurus Labs faces industry headwinds, including pressures on profit margins and high-interest payments on its debt, which have contributed to a reduced net profit margin compared to previous years. Nonetheless, it remains well-regarded in the pharmaceutical sector, particularly for its active pharmaceutical ingredient (API) production, which is essential in various therapeutic areas like anti-retrovirals and oncology.

Price Action:

★ The stock is currently priced at 496.45 having shown a strong upward trend over the last several weeks.

2. Support and Resistance Levels:

★ Immediate resistance is placed at 501.88 just above the current price,which act as a critical level for further bullish continuation.

★ Important support levels include:

487.63 (short-term support)
478.82 (medium-term support)
473.38 (long-term support zones).

3. Volume and Trend:

★ The stock shows significant buying interest, with volumes spiking in line with the uptrend.

4.Relative Strength Index (RSI):
★ The RSI is around 59.42 indicating that the stock is in the mild bullish range and have good potential in futures.

Conclusion:

★ Bullish Scenario: A breakout above 501.88 could lead to further upward momentum, potentially taking the price higher.

★ Bearish Scenario: A failure to maintain above 487.63 may see the stock correcting to lower support levels like 473.38.

★ Operation strategy-

Buy Price : 496
Target price: 520 / 540
Stop loss price: 478

07/11/2024

The Indian stock market benchmark indices Nifty 50, are likely to open lower and remain volatile on Thursday amid mixed global market cues.

The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 24,450 level, a discount of nearly 140 points from the Nifty futures’ previous close.
On Wednesday, the domestic equity market indices ended over 1% higher each, with the Nifty 50 rising above the 24,400 level.Nifty 50 settled 270.75 points, or 1.12%, higher at 24,484.05 .
The present upside bounce of the last couple of sessions is confirming a formation of a crucial bottom reversal pattern around 23,800 levels. Hence, a decisive move above the key overhead resistance of 24,500 could open more upside ahead. Present reversal in Nifty from the lows is also signaling a formation of larger degree higher bottom formation as per weekly timeframe chart. This is a positive indication and more upside from here could confirm the higher bottom reversal.

06/11/2024

SPICE JET LIMITED

SpiceJet's stock has recently experienced some positive momentum, primarily driven by strategic moves to strengthen its fleet and finances. The airline has plans to add 10 aircraft by November, with seven of these obtained through leasing arrangements and three grounded planes being restored to service. This expansion is expected to enhance SpiceJet's operational capabilities and potentially increase revenue, as it addresses prior capacity issues.

The stock has also benefited from recent fund-raising efforts, including a successful qualified institutional placement (QIP) that brought in Rs 3,000 crore. These funds are earmarked for fleet expansion, debt reduction, and general operational improvements. Furthermore, the airline has been actively resolving outstanding financial disputes with key creditors, which has eased market concerns about its financial health.

Price Action:

★ The stock is currently priced at 61.25 having shown a strong upward trend over the last several weeks.

2. Support and Resistance Levels:

★ Immediate resistance is placed at 62.28 just above the current price,which act as a critical level for further bullish continuation.

★ Important support levels include:

59.68 (short-term support)
58.12 (medium-term support)
57.08 (long-term support zones).

3. Volume and Trend:

★ The stock shows significant buying interest, with volumes spiking in line with the uptrend.

4.Relative Strength Index (RSI):

★ The RSI is around 50.07 indicating that the stock is in the mild bullish range and have good potential in futures.

Conclusion:

★ Bullish Scenario: A breakout above 62.28 could lead to further upward momentum, potentially taking the price higher.

★ Bearish Scenario: A failure to maintain above 59.68 may see the stock correcting to lower support levels like 57.08.

★ Operation strategy-

Buy Price : 61.25
Target price: 64 / 66 / 68
Stop loss price: 59

06/11/2024

GREAVES COTTON LIMITED

Greaves Cotton's stock is showing positive growth in its market cap, now at approximately INR 43.74 billion—a notable increase of around 41% over the past year. The stock is currently trading around INR 187.67, up from previous levels, reflecting increased investor interest and confidence in the company.
Greaves Cotton, primarily known for its cleantech powertrain solutions across CNG, petrol, and diesel engines, has recently focused on electric vehicle (EV) innovations, which has contributed to its growing appeal. The company presented new EV models at major auto expos, including both two- and three-wheelers. This expansion into EV technology aligns with broader industry trends and could offer sustained growth potential, especially as India pushes towards greener technology.
From a technical perspective, the stock’s average movement over the past 50, 100, and 300 days indicates upward momentum, suggesting investor optimism. For investors, Greaves Cotton could be a promising long-term choice .

Price Action:

★ The stock is currently priced at 187.67 having shown a strong upward trend over the last several weeks.

2. Support and Resistance Levels:

★ Immediate resistance is placed at 192.23 just above the current price,which act as a critical level for further bullish continuation.

★ Important support levels include:

183.33 (short-term support)
178.99 (medium-term support)
174.43 (long-term support zones).

3. Volume and Trend:

★ The stock shows significant buying interest, with volumes spiking in line with the uptrend.

4.Relative Strength Index (RSI):

★ The RSI is around 55.90 indicating that the stock is in the mild bullish range and have good potential in futures.

Conclusion:

★ Bullish Scenario: A breakout above 192.23 could lead to further upward momentum, potentially taking the price higher.

★ Bearish Scenario: A failure to maintain above 183.33 may see the stock correcting to lower support levels like 174.43 .

★ Operation strategy-

Buy Price : 187
Target price: 205 / 215
Stop loss price: 175

06/11/2024

Indian stock market benchmark indices, Nifty 50 are likely to open lower on Wednesday ahead of the US election results 2024.

The trends on Gift Nifty indicate a weak start for the Indian benchmark index. The Gift Nifty was trading around 24,215 level, a discount of nearly 80 points from the Nifty futures’ previous close.
On Tuesday, the domestic equity benchmark indices staged a solid recovery and ended sharply higher, with Nifty 50 closing above 24,200 level.Nifty 50 formed a long bull candle on the daily chart, which is indicating a strong comeback of bulls after one day of decline.
“This market action is signaling a formation of a bullish Piercing line type candle pattern. This is a positive indication and needs further sustainable upmove to call this a bullish reversal pattern. The negative chart pattern like lower tops and bottoms is intact as per daily timeframe chart. A sustainable move only above 24,500 is expected to negate the bearish pattern.
The underlying short-term trend of Nifty 50 is on the verge of reversal. A decisive move above 24,500 levels could open fresh upmove in the market and any weakness from here is expected to drag Nifty 50 down to 23,900 - 23,800 levels again.

05/11/2024

STATE BANK OF INDIA ( SBI )

SBI’s stock closed at ₹829.85 on November 4, 2024, gaining 1.07% for the day while broader indices like Nifty and Sensex were down. This positive movement was accompanied by high trading volume, suggesting bullish momentum. The stock is trading above key short-term and long-term moving average which may indicate ongoing upward momentum.
Valuation and Fundamentals: SBI’s price-to-earnings (P/E) ratio currently stands at around 10.79, which is slightly above its peer median, but its price-to-book (P/B) ratio is 1.78, reflecting a premium over its sector. This positions SBI as relatively fairly valued among large banks. The bank’s return on equity (ROE) is at 17.34%, indicating robust profitability, and its net profit margin remains high, supported by improved loan growth and efficiency gains.
For investors, SBI's current price levels offer potential for steady returns, especially for long-term positions in a stable public sector bank with a solid growth strategy.

Price Action:

★ The stock is currently priced at 829.85 having shown a strong upward trend over the last several weeks.

2. Support and Resistance Levels:

★ Immediate resistance is placed at 842.53 just above the current price,which act as a critical level for further bullish continuation.

★ Important support levels include:

812.13 (short-term support)
794.42 (medium-term support)
781.73 (long-term support zones).

3. Volume and Trend:

★ The stock shows significant buying interest, with volumes spiking in line with the uptrend.

4.Relative Strength Index (RSI):

★ The RSI is around 59.57 indicating that the stock is in the mild bullish range and have good potential in futures.

Conclusion:

★ Bullish Scenario: A breakout above 842.53 could lead to further upward momentum, potentially taking the price higher.

★ Bearish Scenario: A failure to maintain above 812.13 may see the stock correcting to lower support levels like 781.73 .

★ Operation strategy-

Buy Price : 829
Target price: 840 / 855
Stop loss price: 820

05/11/2024

SUMITOMO CHEMICAL INDIA LIMITED

Sumitomo Chemical’s recent stock performance reflects both market challenges and its strategic initiatives in the chemical sector.
In the first quarter of fiscal 2024, Sumitomo Chemical’s earnings per share (EPS) and revenue fell short of analyst expectations, which led to a downward adjustment in consensus EPS forecasts by about 24% for upcoming quarters. Despite this, the company saw a slight revenue growth of 8.7% quarter-on-quarter, reaching JPY 612 billion by June 2024.From a valuation perspective, Sumitomo Chemical's stock appears relatively undervalued with a price-to-sales (P/S) ratio of 0.27, which is low for the industry, suggesting potential upside if demand recovers.

Price Action:

★ The stock is currently priced at 560 having shown a strong upward trend over the last several weeks.

2. Support and Resistance Levels:

★ Immediate resistance is placed at 571.90 just above the current price,which act as a critical level for further bullish continuation.

★ Important support levels include:

552.80 short-term support)
544.95 (medium-term support)
533.70 (long-term support zones).

3. Volume and Trend:

★ The stock shows significant buying interest, with volumes spiking in line with the uptrend.

4.Relative Strength Index (RSI)

★ The RSI is around 54.10 indicating that the stock is in the mild bullish range and have good potential in futures.

Conclusion:

★ Bullish Scenario: A breakout above 571.90 could lead to further upward momentum, potentially taking the price higher.

★ Bearish Scenario: A failure to maintain above 552.80 may see the stock correcting to lower support levels like 533.70 .

★ Operation strategy-

Buy Price : 560
Target price: 590 / 620
Stop loss price: 535

05/11/2024

Indian stock market indices Nifty 50, are likely to open lower on Tuesday following mixed global market cues amid uncertainty over US Presidential Elections 2024.
The trends on Gift Nifty also indicate a weak start for the Indian benchmark index. The Gift Nifty was trading around 24,080 level, a discount of nearly 35 points from the Nifty futures’ previous close.
Nifty 50 formed a long bear candle on the daily chart with minor lower shadow.

“Technically, this candle pattern indicates a decisive downside breakout of the range movement. Bearish pattern like lower highs and lower lows is continued on Nifty 50 as per daily timeframe chart. The sharp downside breakouts after minor pull back rallies of the last few weeks signal downside breakout of the bearish flag patterns. This could mean that the market is currently in a strong downside momentum.
The next crucial lower supports to be watched are around 23,500, which is 200 day EMA . Any bounce back from here could find strong resistance around 24,200 levels.

04/11/2024

MAHINDRA & MAHINDRA LIMITED

Mahindra & Mahindra (M&M) has seen recent volatility in its stock due to both market trends and company-specific news. The stock faced a 3% drop in October 2024, reducing its market capitalization by over INR 11,000 crore, primarily impacted by broader market corrections and sectoral pressures. However, M&M's financial performance has been strong, driven by consistent growth in its core automotive and agricultural machinery segments. In the latest quarterly results, M&M reported an increase in earnings per share (EPS) to INR 24.93, marking substantial year-over-year growth.
For instance, CLSA recently upgraded the stock to an "Outperform" rating with a target price of INR 3,400, reflecting an anticipated 11% upside. Similarly, Morgan Stanley has an "Overweight" rating, expecting M&M's revenue from its popular Thar and XUV models to continue growing. Strategic initiatives, such as expanding EV production and establishing research labs for battery technology, are bolstering its long-term growth prospects.
In summary, M&M's stock is poised for growth with recent expansions and product launches, though it remains sensitive to broader market movements.

Price Action:

★ The stock is currently priced at 2817.65 having shown a strong upward trend over the last several weeks.

2. Support and Resistance Levels:

★ Immediate resistance is placed at 2845.70 just above the current price,which act as a critical level for further bullish continuation.

★ Important support levels include:

2784.80 (short-term support)
2751.95 (medium-term support)
2723.90 (long-term support zones).

3. Volume and Trend:

★ The stock shows significant buying interest, with volumes spiking in line with the uptrend.

4.Relative Strength Index (RSI)

★ The RSI is around 44.35 indicating that the stock is in the mild bullish range and have good potential in futures.

Conclusion:

★ Bullish Scenario: A breakout above 2845.70 could lead to further upward momentum, potentially taking the price higher.

★ Bearish Scenario: A failure to maintain above 2784.80 may see the stock correcting to lower support levels like 2723.56 .

★ Operation strategy-

Buy Price : 2817
Target price: 2800 / 2900 / 3000
Stop loss price: 2760

Tikiri Bandara - ටිකිරි බණ්ඩාර

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