Re: {LONGTERMINVESTORS} News & Misc. items - Thread

 News Flow:

• Granules India Ltd has posted a 15 % growth in its consolidated net profit at Rs 27 crore in the third quarter ended December 2015 as compared to Rs 24 crore in the third quarter ended December 2014.
• Shanthi Gears has posted a 37 % increase in its net profit at Rs. 5.15 crore for the third quarter ended December 2015 as against a net profit at Rs 3.76 crore same quarter last year.
• Syndicate Bank had posted a standalone net loss at Rs 119.67 crore in the quarter ended December 31, 2015.
• Dabur India has reported a growth of 12.64 per cent in its consolidated net profit after taxes for third quarter ended December 31, 2015 at Rs 318.54 crore.
• Infosys Ltd has made an investment of USD 4 million, to acquire a minority stake, in Delaware-based start-up firm, Waterline Data Science. Waterline Data Science is a leading provider of data discovery and data governance software.

Stock Idea:

Recommendation: Hindustan Unilever Ltd

Suggested Range: Buy around INR 791 and on dip to 785

Target: INR 815 / 822

Holding Period: upto 5 days

Stoploss: INR 766

Technical Rationale: Hindustan Unilever has been in a short term downtrend. It has found support around the 766 levels where support in the form of previous swing low is placed. On the hourly charts we can observe that it has broken out of wedge pattern on the upside which has bullish implications. The Hourly Momentum indicator RMO bears a positive crossover which is a Buy signal. It has also closed above the 20 and 40 hour moving averages indicating short term positive momentum. We expect the stock to continue the positive momentum and reach levels of 815 which is the 20 day moving average and above that 822 which is the previous swing high.

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