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

 News Flow:

• Shree Cement Ltd has reported an increase of 9.8% in its standalone net profit at Rs 102.86 crore for the second quarter December ended 2015.The Company had reported net profit of Rs 93.68 crore in the same quarter a year ago.
• Transport Corporation of India Ltd has posted a 10.5% increase in net profit at Rs.18.9 crore for the third quarter that ended on December 31, 2015 as against a net profit of Rs.17.1 crore for the third quarter that ended on December 31, 2014.
• Aurobindo Pharma Ltd has received final approval from the US health regulator to manufacture and market anti-arthritis drug - Celecoxib Capsules.
• Godrej Properties Ltd reported an increase of 10.1%in its consolidated net profit after taxes (PAT) at Rs 51.99 crore for the October-December quarter of 2015.
• DCM Shriram Ltd reported its consolidated net profit at Rs 60.48 crore for the quarter ended December on higher sales and fall in interest outgo.

Stock Idea:

Recommendation: Apollo Tyres Feb Fut

Suggested Range: Sell around 142

Target: INR 136

Holding Period: upto 5 days

Stoploss: INR 148

Technical Rationale: Apollo tyres was trading in an upward sloping channel which has been breached on the downside indicating weakness. It has also closed below the 20 and 40 hourly moving averages indicating breach of support. It is trading along the hourly Bollinger band which is expanding indicating that the fall shall continue. The hourly momentum indicator RMO bears a negative crossover which is also a sell signal. We expect the stock to fall and reach levels of 136 which is the 61.82% Fibonacci retracement level of the rise from 128 to 150.

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