Achiievers Weekly Report

Indian Equity Market

Despite GDP growth falling below average 4.7% for December quarter, Indian equity market managed to post a rise of 2%. Even other global markets remained optimistic in the last week and US, France and Germany also ended on a positive note.

With a hope of a stable government at the centre and that will revitalize Indian economy with reforms, the Indian equity market remained in an uptrend. Most of the sectoral indices ended in positive zone for the week with capital goods (up 5.3%), pharma (up 4.5%) and auto (up 3.5%) being the biggest gainers. However, Metal (down 3.4%), power (down 1.2%) and realty (down 0.5%) were the only losers for the week. Our weekly recommendation for this week

The weekly recommendation that was provided Achiievers Equities Ltd for this week is

SCRIP

CMP

TARGET

STOP LOSS

RECOMMENDATION

CESC

484

510-540

450

BUY ABOVE485

GAIL

368

395-420

345

BUY ABOVE 370

 

 

Indian Economy

Indian Growth slower downs in December Quarter, Fiscals deficit exceeds budget estimates: The economy of Indian market grows at the slightly slower rate in the three months till December, prior figures that were released by the Central Statistics Office on Friday. The Gross Domestic Product raised to a level of 4.7% year by year, followed by 4.8% rise in three months till September. As per the views of the economists a 4.7% growth was accepted for the December quarter. Similarly for same quarter in 2012, the growth of 4.4% was marked. A decline of 1.9% was noticed in final three months of 2013, followed with 1% rise in the previous quarter.

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