Introduction

ADF specializes in the production and export of a variety of traditional Indian food products, including pickles, chutneys, pastes, sauces, ready-to-eat meals, frozen, and canned foods. Its market spans Europe, the US, Australia, and the Gulf. Additionally, ADF Foods UK Limited and ADF Holding USA Limited operate as agents distributing FMCG products in the USA and UK respectively.

Observation

Stock breakout it is rounding bottom on 27 Aug with good trading volume. Trade above all the EMA with good RSI strength on all TF

Let's touch fundamentals

• ROCE -19.5 %
• ROC -16.3 %
• Debt to equity - 0.13
• PE - 47.2
• Promoter Holding 36.3 %
  
• Public holding 45%
• Promoter Holding 7.71%
  

• Weekly Chart
• Rounding Bottom

1. Divi's Laboratories Brokerage firm Citi has initiated its coverage with a 'buy' rating, propelling the drugmaker's shares nearly 7 percent higher to an all-time high of Rs 5,925 on October 9. Alongside its optimistic outlook, Citi set a price target of Rs 6,400 for the stock, the highest on the Street, suggesting over a 15 percent upside from the previous closing price. With this, Citi also became the first brokerage to see Divi's Labs stock surpassing the Rs 6,000-mark.

2. Tata Consultancy Services is scheduled to report second-quarter results on Thursday. Here is what you need to know:NET PROFIT: Tata Consultancy Services is expected to post an 11% increase in net profit to 126.16 billion rupees, equivalent to $1.50 billion, for the three months ended September, according to the consensus estimate of 11 analysts polled by FactSet. That would compare with 113.42 billion rupees in the same period a year earlier.REVENUE: Second-quarter revenue is estimated to have risen 7.4% to 641.32 billion rupees, according to FactSet.

The company's shares have risen 12% so far this year. The stock was recently 0.4% higher at 4,268.15 rupees on Wednesday.WHAT TO WATCH:

• First-quarter profit from its banking, financial services and insurance segment increased 10% to 60.11 billion rupees. Investors will be focusing on the pace of earnings growth in the biggest client segment.
• Tata Consultancy Services partnered with state-owned telecommunications company Bharat Sanchar Nigam to roll out a 4G network across India earlier this year. Investors will look at whether the deal resulted in higher earnings for the information-technology services provider.
• The company's headcount will also be in focus after it grew its workforce to 606,998 at the end of June from 601,546 at the end of March, reversing a recent decline.

3. India's coal-fired power output fell for a second straight month in September on an annual basis due to slower growth in electricity use and a surge in solar generation, a Reuters review of data from the federal grid regulator showed.The decline reflects a shift in fuel use patterns in the world's fastest growing major economy and third-largest greenhouse gas emitter. It follows 47 straight months of year-over-year growth in coal use for power generation.

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Wed Oct 9, 2024