Hi! You have reached Goela's newsletter 🙂


Has bear 🐻 run started?

What sensational did you missed this week?

  • Nifty 50 has closed below 200 Daily Simple as well as Exponential Moving Average.

  • India’s GDP for the FY 2023 is estimated at 7%. GDP for 2021-22 has been revised to 9.1% from 8.7% earlier. As per IMF, India is estimated to contribute over 15% of global GDP growth this year.

  • A handful updates:

    1. NSE has received final approval from SEBI to set up a Social Stock Exchange (SSE) as a separate segment on its platform. SSE will include companies working towards social welfare.

    2. NSE launched Nifty India Municipal Bond Index – India’s first-ever.
    3. NSE has extended the market trade timing for interest rate derivatives to 5 pm. The change will be effective from February 23.

What can you learn from this?

  1. A closing below 200 Daily SMA and EMA implies a bearish signal and markets may take a downturn towards the downside from here. Exceptional cases might also be found.

  2. GDP and stock markets are thought to be running in the same directions traditionally, but in the recent years, this corelation has changed. In the Covid era, where economies were shrinking, stock markets were on the rise.

Upcoming IPOs:

  • Divgi TorqTransfer Systems Limited IPO closes today. It is subscribed 0.47 in total, 1.92 times in the Retail category while 0.06 and 0.31 times in QIB and NII category (at 10:45 AM 03.03.2023).

Video in Focus!

This LARGE CAP Stock Can Really Make You Rich? | Stock Analysis |

Market Outlook this coming week!

Nifty50 : This Week

Focused sector of the week : Cement Sector

With allocation of a significant chunk of FY23 Budget to boost Capex, Infrastructure sector and companies will be the major profiteering stake holders. So in this edition, we’re covering the Cement Sector in detail.
Cement industry is a cyclical industry. It performs well when the economy is in the expansion phase and, performs poorly when the economy slows down. The chart on the right clearly depicts that.

In this Union Budget FY24, maximum budget allocation was for railways and roads which means massive demand for Cement industry in the years ahead.

  • Defence -16%

  • Road transport and highways-26%

  • Railways -24%

  • Ministry of housing and urban affairs-3%

  • Transfer to states-15%

  • Others-16%

Company Analysis -But which company is best placed?
If you compare the financial performance of all the five companies. Ultratech, Dalmia Bharat and Shree Cement are the best placed among others.

Technical Analysis

Dalmia Bharat has posted stellar returns of 131% in the last two years, whereas, Ambuja Cements and ACC massively tanked in last one month because of the Hindenburg report

What’s going on in Dalmia Bharat?

  • The company’s total Cement grinding capacity will increase to 40 MTPA in FY23 and 49 MTPA in FY24 from the current 37 MTPA.

  • The company guided for industry-leading volume growth in Q4FY23 due to increased demand

  • The company’s recent acquisition of the cement assets of Jaiprakash Associates Limited will , expand its pan-India footprint.

  • The company is taking various cost control measures and improving its product mix to increase margins.

Disclaimer: This is not recommendation to buy/sell. It is just for the purpose of information.

Question of the Week #6

Replies with correct answers (within the first 5 mins of receiving this newsletter), will get a shoutout from us...

PS: Don't forget to share your Instagram handle too in the reply!

Free float market capitalization method:

  1. Includes locked-in shares, such as Insiders, Promoters and Governments.

  2. Excludes locked-in shares, such as Insiders, Promoters and Governments.

Answer to Week#5 is IRDAI is Insurance Regulatory Development Authority of India 

**Make sure you note your choices somewhere as we’ll covering the answers in our next issue…

Word of the week

Large Cap Stocks: Those stocks which are popular with the investors because of their stable and consistent growth and have a market capitalization of above ₹ 7000 Cr are large cap stocks.