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WEEKLY EQUITY NEWSLETTER 20TH FEB 2020 TO 28TH FEB 2020

Shares of Max Financial Services (MFS) surged 16 per cent to its fresh 52-week high of Rs 596 on the BSE on Thursday on reports that Axis Bank is in talks to acquire more than 20 per cent stake in Max Life Insurance through fresh issue of equity

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WEEKLY EQUITY NEWSLETTER 20TH FEB 2020 TO 28TH FEB 2020

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  1. WEEKLY EQUITY NEWSLETTER 20TH FEB 2020 TO 28TH FEB 2020 Email US: Email US: Thegrssolution@gmail.com Info@thegrssolution.com +91 62329 +91 6232988986 88986

  2. MARKET UPDATES Shares of Max Financial Services (MFS) surged 16 per cent to its fresh 52-week high of Rs 596 on the BSE on Thursday on reports that Axis Bank is in talks to acquire more than 20 per cent stake in Max Life Insurance through fresh issue of equity. MFS is the holding company of Max Life Insurance (Max Life) -- India’s largest non bank-owned life insurer. Max Life offers comprehensive long-term savings, protection and retirement solutions through its high-quality agency distribution and multi-channel distribution partners. Shares of Sterlite Technologies (STL) jumped over 7 per cent on Thursday, a day after the company informed that it has added new orders of Rs 1,500 crore. These orders have ranged from continued business development in its core areas of optical connectivity solutions and network services to emerging areas such as software virtualization, the company said in its press release. At 09:32 am, the stock was trading nearly 5 per cent higher at Rs 116 apiece on the BSE. In comparison, the benchmark S&P BSE Sensex was trading 32 points or 0.08 per cent lower at 41,291. Shares of Vodafone Idea rose up to 12 per cent to Rs 4.71 on the BSE on Thursday, thus extending its Wednesday’s 38 per cent rally amid reports that the government is unlikely to invoke the company's bank guarantees as of now. The telecom services company's stock has now soared 66 per cent from Tuesday’s intra-day low of Rs 2.83 on the BSE. Meanwhile, Vodafone Idea chairman Kumar Mangalam Birla and Bharti Airtel chairman Sunil Mittal visited the North Block office of Finance Minister Nirmala Sitharaman on Wednesday to seek relief for the deeply stressed telecom sector, Shares of Muthoot Finance scaled 7 per cent to hit a new high of Rs 935 on the BSE on Thursday. The stock of India's largest gold financing company, in terms of loan portfolio, surpassed its previous high of Rs 898 touched on Tuesday, February 18, 2020. A sharp rally in the market price of Muthoot Finance has led to its market capitalization (market-cap) touching Rs 36,823 crore, the BSE data shows. With this, the company overtook financials like AU Small Finance Bank (Rs 35,657 crore), Punjab National Bank (Rs 35,843 crore) and IDBI Bank (Rs 35,969 crore) in the m-cap ranking. The deal between Subhash Chandra’s Essel group, the promoters of direct-to-home (DTH)) company Dish TV and Sunil Metal’s Bharti Airtel has been called off due to differences over valuation. The promoters are now in talks with a global financial investor, which has no operations in the country, to pick up half their stake. The cash generated from such a sale will be used as part of the plan by the Essel group to buy back 5 per cent in flagship company Zee Entertainment Enterprises (ZEEL) in the next 12 months. According to sources close to the discussions, it expects to get around Rs 2,000 crore from the deal. The talks with Bharti Airtel were over the latter buying the promoters’ stake. Shares of Thomas Cook (India) were locked in the upper circuit of 20 per cent at Rs 49.30 on the BSE on Thursday after the country’s largest integrated travel services company announced share buyback proposal. Till 10:47 am, a combined 1.63 million shares changed hands and there were pending buy orders for 755,036 shares on the NSE and BSE. “The board of directors of the Company is scheduled to meet on Wednesday, 26th February, 2020 to consider and approve proposal for buyback of equity shares of the Company,” Thomas Cook (India) said in an exchange filing. Contact Us: +91 6232988986 www.TheGRSsolution.com

  3. NIFTY TOP GAINERS/LOOSERS GAINERS Contact Us: +91 6232988986 www.TheGRSsolution.com

  4. LOOSERS Contact Us: +91 6232988986 www.TheGRSsolution.com

  5. WORLD INDICES Contact Us: +91 6232988986 www.TheGRSsolution.com

  6. TECHNICAL VIEW:- NIFTY Recommendation: - NIFTY IS VOLATILE ITS REVERSE FROM DOWN TRENDLINE OF ONE DAY WITH RESISTANCE TECHNICAL CHART SHOW BEARISH ENGULDING CANDLE PATTERN BREAKOUT WITH MOVING AVERAGE INDICATOR SHOWS SELL SINGLE. SO, TRADER CANS SELL BELOW 12070 TG-12020 TG-11970 TG- 11920 SL- 12150 Contact Us: +91 6232988986 www.TheGRSsolution.com

  7. BANK NIFTY Recommendation: - NIFTY BANK IS VOLATILE ITS REVERSE FROM DOWN TRENDLINE OF ONE DAY WITH RESISTANCE TECHNICAL CHART SHOW BEARISH ENGULDING CANDLE PATTERN BREAKOUT WITH MOVING AVERAGE INDICATOR SHOWS SELL SINGLE. SO, TRADER CANS SELL BELOW 30880 TG-30780TG-30680 TG- 30580SL- 31000 Contact Us: +91 6232988986 www.TheGRSsolution.com

  8. CALL OF THE WEEK:- JUBILANT LIFE SCIENCES RECOMMENDATION:–AS YOU SEEN IN THE TECHNICAL CHART THAT JUBILANT LIFE BREAKOUTRESISTANCE , WITH RESISTANCE SHOW BUY SIGNAL SO TRADER CAN MAKE THEIR POSITION BUY ABOVE 450 TG- 460 TG-570 TG-580 SL 435 Contact Us: +91 6232988986 www.TheGRSsolution.com

  9. ZEE ENTERTAINMENT RECOMMENDATION:–AS YOU SEEN IN THE CHARTS THAT ZEE TREND SUPPORT REVERSAL SHOWS BUY SIGNAL SO TRADER CAN MAKE THEIR POSITION BUY ABOVE 261 TG- 265 TG- 270 TG- 274 SL 256 Contact Us: +91 6232988986 www.TheGRSsolution.com

  10. Disclaimer: Its views and tips by experts it’s a study of market we present and we don’t assure you happen, it’s a predictions, and website or its management don't responsible for it. TheGRSsolution.com advises users to get Register with company - THE GRS SOLUTION and trade with certified experts before taking any investment decisions. Reference: 1.Bank Nifty Future Tips 2.Bank Nifty Tips 3.Stock FutureTips 4.Best Intraday Tips 5.Stock Cash Tips 6.Option Tips 7.MCX Tips Contact Us: +91 6232988986 www.TheGRSsolution.com

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