Angel Broking Top picks Reports

The Government has announced a major fiscal stimulus by reducing corporate tax rates across the board through an ordinance. The changes made to the income tax are listed below. ? Corporate tax rates have reduced from 30% to 22% for companies that are not availing any exemption/incentive. The effective tax rate for these companies shall …

FPI outflows continue unabated for the second month in a row – The Government in the Union Budget proposed to increase surcharge on Individuals and trusts earning more than `2 cr. and `5 cr. Though the Government has rolled back the surcharge on equity investments FII selling continued unabated in August also as they pulled …

Indian stock market was down sharply during the month as the BSE 100 index was down by 5.9% for the month of June. Post the sharp fall in the month of June markets have now given up its entire gains for the calender year with the index up by just 0.5% since the beginning of …

Indian stock market closed in the red for the first time in four months. BSE 100 index was down by 1.2% for the month of May while returns for the calander year 2019 is 6.7%. Our top picks have generated a total return of 60.2% since inception, an outperformance of 15.4% over BSE100. We …

Indian stock market managed to close the month in the green despite heightened volatility in the run up to the election results on the 23rd of May’19. BSE 100 index was up by 1.5% for the month of May while returns for the calander year 2019 is 7.9%. Our top picks have generated a total …

Indian stock market maintained it’s upwards trajectory in the month of April as the markets continued to factor in a good showing by the ruling party in the ongoing general elections post the surgical air strike at Pakistan. BSE 100 index was up by 0.5% for the month of April while returns for the calander …

Indian stock market saw a relief rally in the month of March as the market appeared more confident about the ruling party’s second term post the surgical air strike at Pakistan amid strong FII inflows. BSE 100 index rose by 7.2% for the month of March while it saw a yearly rise of 12.9% for …

Indian stock market continued to remain topsy turvy in the month of February in the wake of Indo-Pak tensions ( post the Pulwama attack) and upcoming centre elections in May. We feel that the market may continue to see volatility amid the uncertainty surrounding the centre election. However, the sharp correction in the midcaps is …

Market largely stayed stable in the month of January after witnessing a severe pain in the previous few months as the crude oil price fell from the peak and the rupee also showed decent appreciation. Our top picks have generated a total return of 49% since inception (i.e. October 2015), an outperformance of 13.3% over …

Market largely stayed stable in the month of December after witnessing a severe pain in the previous few months as the crude oil price fell from the peak of $85 to below $43 and the rupee also showed decent ppreciation. BSE 100 saw a marginal appreciation of 1% in December after seeing a fall in …

Market cooled off slighlty in the month of November after witnessing a severe pain in the previous two months as the crude oil price fell from the peak of $85 to below $60 and the rupee also showed decent appreciation. BSE 100 saw a slight appreciation of 3% in November after seeing a fall of …

Indian macros have seen remarkable improvement over the last four years viz. good growth in GDP, record food production, stable inflation rate and controlled current account deficit (CAD) coupled with three consecutive good monsoons. The key market indices also surged during these years, leaving the valuation metric in the over bought zone. However, the recent …