Cummins India Shows Irresistible Accumulative Swing Index [Flickr]

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Cummins: Price breakout from the falling supply line, last three month’s base formations augurs well for next up move

The capital goods space is witnessing fresh momentum after the last three month’s base formation and is expected to witness a catch up with the rest of the market.

Cummins India Ltd., a Mid Cap company, was incorporated in the year 1962. It has a market cap of Rs 12677.74 crores and is operating in Engineering sector. The company, a producer of diesel and natural gas engines, generator sets and their related services operates through two main segments: Engines and Lubes.

In January 2020, its share price fell over 2 per cent. A research house Nomura has downgraded the stock to reduce from neutral and cut target to Rs 570 from Rs 585 per share. Today a consolidation is being witnessed.

o The share price of Cummins India has generated a breakout above the lastthree month’s higher base formation (Rs 311-439). In the process, it has also closed above the falling supply line joining highs since May 2019 (Rs 801) signalling a reversal of the corrective trend and resumption of the fresh up move, thus offers fresh entry opportunity with a favourable risk-reward set up

o Structurally, the stock in the last three months of base formation has constantly been forming higher lows as can be seen in the adjacent chart highlighting the positive price structure. ncairways.co/cummins/

source https://www.flickr.com/photos/165450454@N07/50258514591/

Britannia Industries Continues its Outperformance [Flickr]

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The stock, Britannia Industries (BRIIND), remains a major outperformer within FMCG space and is currently poised to resume its structural uptrend after the four-week breather, thereby offering fresh entry opportunity.
Such a bullish stance on Britannia Industries is anchored on the following observations :

Since March 2020 panic lows of Rs 2100, price rallies are stronger while corrections have remained shallow underscoring strong appetite to own the stock and robust price structure
Over Past four weeks stock retraced is preceding five-week rally (Rs 3305 – 4010) only by 38.2%, signifying elevated buying demand
The share price has consistently garnered buying support at a rising 10-week average in each correction since March 2020.
This rhythm is expected to be maintained and stock to rally higher from current levels

Analysts expect a significant demand zone is now placed ~3570 which is 61.8% retracement of June-July rally, which is expected to be held. ncairways.co/britannia-industries/

source https://www.flickr.com/photos/165450454@N07/50257653863/

EasyJet Establishes Severity Terms for Voluntary Redundancy [Flickr]

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EasyJet pilots have been offered alternative contracts. The airline also warns of upcoming cuts.

In Q3 of last year, budget carrier EasyJet served 26.4m fliers and earned £1.76bn as revenue. One year later, the story became entirely different. EasyJet flew just 117,00 passengers and could earn revenue of only £7m as it could not utilise its resources.

The EasyJet (LSE: EZJ) share price has crashed this year. The stock has fallen 65% from its 52-week high of 1,500p witnessed at the end of February.

The coronavirus crisis has hit the airline sector like a storm. Several air carriers were forced to ground their planes as travel restrictions were imposed around the world.

Following the grounding of its fleet, EasyJet had to deal with the nightmare scenario of having no income and persistent expenditures. Additionally, it also has a number of other liabilities.

The dire financial predicament of the discount airline EasyJet has forced the company to consider strange steps for its survival.

EasyJet shall extend its pilots “seasonal” contracts. That is, work for 26 weeks continuously, and do not draw any salary for the rest of the year.

EasyJet has over 2200 pilots. As the global airline companies battle the collapse in the air travel business, EasyJet may terminate a third of its pilot workforce in an attempt to make severe cuts in its expenditures. ncairways.co/easyjet/

source https://www.flickr.com/photos/165450454@N07/50258496452/

India's Foreign Policy: Influence in global affairs grows [Flickr]

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www.youtube.com/watch?v=0-seLpAP-j4

India's influence in global affairs has been increasing since it is rising economically and militarily stronger. India is becoming the centre of world major power politics. In such a scenario, it is important to have an overview of India's foreign policy. Understanding India's Foreign Policy from the mouth of an international personality itself - Shri Vishnu Prakash Sir who has served Indian Foreign Service as Ambassador to Canada and South Korea.

He is being interviewed by Shri K.Siddhartha Sir who is a Strategic thinker, International speaker, Author of 43 books and Mentor of 1553 successful civil servants.

EMAIL - civilservicestv@gmail.com ncairways.co/foreign-policy/

source https://www.flickr.com/photos/165450454@N07/50128558246/

Dubey ji Bounces Back [Flickr]

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Dubey ji Bounces Back

by Vivek Atray (Goodreads Author)

Synopsis:

Meek and morose is what Raghav Dubey has been all his life but when Sarla Koppikar wallops him on his head and almost kills him, Dubey ji decides to undergo a complete makeover. He shaves off his moustache, sheds his reticence in female company and even learns to play the guitar! His career graph now rockets skywards with his newfound zest and energy enabling him to work wonders at Mumbai's Bonny Bank. The beauteous Avni Singh bowls him over and he is left utterly lovestruck. Even the very charming Paulomi Bose fails to distract him. Dubey ji's bête noire is found dead and our hero is in deep trouble. Will he be able to bounce back again?

Vivek Atray, the Author

Vivek Atray is an Author, Advisor, Motivational Speaker, Formerly of the Indian Administrative Service, IAS and Mentor. He retired voluntarily from the IAS in 2017. He is an ex-under 19 cricketer. He speaks all over India on topics such as Emotional Intelligence, Leadership, People Skills and Behavioural Issues. He has over 20 Lakh (2 million) views on YouTube.

He is the founder of SUVICHAR Think Tank, Professor at Shoolini University, member of the CSR Advisory Board of ACTION AID and a member of the Governor’s Advisory Council for Chandigarh. He is also a founder of the Vibrant Networking Forum and the Chandigarh Literary Society, and Co-Convenor of INTACH Chandigarh. ncairways.in/amazon-books/

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Debt in the Airlines Set to Ruin Industry's Prospects [Flickr]

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'A lot of failures' due to debt: IATA

Till 2020, the airline industry had merrily seen almost one decade of sustained profitability. Today, the industry is on life-supporting debt. As per the International Air Transport Association (IATA), the total government aid to carriers at present is more than $120 billion- mainly in loans and in wage support, equity, tax deferrals, and cash injections. The total airline debts have bloated from $430 billion worldwide at the end of 2019 to $550 billion today.

Total airline debt situation

The year 2019: five times, The year 2021: 17-18 times airlines' cash flow on average

No business can sustain itself with such a debt liability. The sector will earn mainly for the lenders and will be left with almost nothing for itself. That is why many firms chose to go insolvent instead of being crushed by debt.

Besides, airlines carry huge liabilities. IATA has estimated the value of airline refunds owed for cancelled flights between March and June 2020, at $35 billion. The airlines also have to necessarily bear the fixed costs - roughly 60 billion in the same period. The companies, barring Southwest, neither have any adaptive business models nor adequate credit lines or cash supplies to be prepared for that.

Also Read : The Aviation Dilemma: Embrace Insolvency or Bail Out

IATA has stated the airline debt situation can see a 'lot of failures' in 2020. ncairways.co/debt/

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How To Provide Online Education For Free During COVID-19 And Beyond [Flickr]

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One of the hardest-hit sectors globally during COVID-19 is the education sector. Education institutions, teachers, and students had to bear the brunt of the impact of the pandemic. Online learning seems to be the best bet during these difficult times when many countries have imposed a lockdown.

Prior to COVID-19, a few e-learning platforms such as Byju’s began to be widely used by students to access different courses. As a matter of fact, the online education market was projected to reach $350 billion by 2025 owing to the increasing investments in education technology. However, most of the educational institutions continued with the traditional ways of teaching prior to COVID-19. Subsequently, the usage of virtual classrooms, online learning software, and video conferencing tools began to surge during COVID-19.

COVID-19 has come as an epiphany for all such institutions that didn’t transform digitally with time. Many of them have had to resort to online learning platforms with insufficient training, little preparation, and no planning. The result is poor user experience, problems in communication, and an unconducive atmosphere for sustained growth.

Integration of IT in Education

Integrating IT in education is not only the need of the hour but is also the future of education. There is no industry that hasn’t been disrupted by the advancements in technology, and the time is right for the education industry to leverage the opportunities offered by the latest technologies. ncairways.co/education/

source https://www.flickr.com/photos/165450454@N07/50046660262/