Author Archives: Parag Patil

Buy NMDC Ltd For Target Rs.180.00

1QFY18 adj. EBITDA grew 98% YoY (+13% QoQ) to INR16.2b, exceeding the estimate by 7%, due to higher regional and mix premiums. EBITDA is adjusted for (a) rail line doubling payment of INR411m and (b) expected credit loss of INR815m,… Read More »

Derivative Ideas Nifty

DERIVATIVES OUTLOOK * Nifty futures volume weighted average price (VWAP) is at 9940 and Banknifty futures is at 24420. * Call writing was seen at Nifty 10100 strike and Put writing was seen at Nifty 9900 strikes. * Maximum positions… Read More »