Time to Buy Infosys is Now [Flickr]

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In the current market scenario, we have seen stocks from underperforming sectors witnessing sharp upsides while performing spaces like technology took a breather. We believe that after a round of profit booking, technology stocks will resume their uptrend. Infosys has been hovering around Rs 900 levels for a while. Now, it is likely to witness upsides on the back of fresh formation of long positions

Buy Infosys in range of Rs 915-935, Target: Rs 1090; Stop Loss: Rs 840; Time frame: Three months

Last closing price - Rs 925.00Beta - 0.6512M Avg Price - Rs 753.03M Avg Roll (%) - 87.0%HV 30 Day (% Annualised) - 25.40

Price vs. open interest pattern. Fresh accumulation is likely to take stock higher

 The open interest in Infosys has been gradually declining in the last couple of weeks as the stock surpassed its major resistance of Rs 840 in July lost its quarterly results. Since then, the short covering has propelled the stock towards Rs 975. The stock started the September series with almost six month’s low open interest. We believe it will attract fresh long additions from here onwards and is well placed to move above Rs 1000

 In the options space, the stock had the highest Put OI base at the 900 strikes in August as well September series. Despite continued strength in the rupee, the stock was able to hold these levels amid profit booking and has started moving up. moneyinvestors.in/buy-infosys/

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Beat Lockdown Blues; Try the 'Happiest Minds Technologies' Guide [Flickr]

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IPO of Happiest Minds Technologies Limited is now open for subscription. Minimum order quantity is 90 shares which is available at a price band of Rs.165 - Rs.166 per share.

Happiest Minds Technologies (HMT)

HMT focuses on delivering a seamless digital experience to its customers. The company’s offerings include, among others, digital business, product engineering, infrastructure management and security services. The company’s capabilities include giving end-to-end solution in the digital space. HMT has repeat business from its customer base, which includes more than 35 Fortune 2000/Forbes 200/billion dollar corporations.

The company’s broad range of offerings helps to up-sell while multiple business units (BUs) help it to cross-sell to existing customers as well as to acquire new customers. Its average revenue per customer has increased from US$471,472 in FY18 to US$501,562 in FY19 to US$614,675 in FY20. The company’s total income & EBITDA has grown at a CAGR of 20.8% and 285.3%, respectively between FY18 and FY20.

Strong brand in digital IT services

The global enterprise digital spend is expected to be ~US$691 billion in 2019 and is expected to grow to US$2,083 billion by 2025 at a CAGR of 20.19%. In FY20, 96.9% of revenues came from digital services. This is one of the highest among Indian IT companies. Broadly, the company’s target market includes business services, IT services, infrastructure-as-a-service, applications, application development and deployment. moneyinvestors.in/make-money/

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Renewable Energy Shows to way to make money [Flickr]

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Renewable energy stocks have teased investors with their promise for years. On the one hand, it's easy to dream on the sector's growth potential given the need to transition the global economy away from its current fossil fuel-based approach to a more sustainable one. According to one estimate, the world's developed economies need to invest a staggering $10 trillion in the coming years to make the switch. However, despite all the investments in the sector, most clean energy stocks have significantly underperformed the market over the years.

Two factors have driven this underperformance: intense competition and weak financial profiles. With so many companies focused on doing the same thing, the industry has fought against itself for growth opportunities, which has hurt investment returns. Meanwhile, most clean energy companies focused on growing as fast as they could despite the lacklustre returns. As a result, many stretched themselves too thin, putting pressure on their balance sheets and stock prices and burning investors in the process.

A small group of renewable energy companies, however, have thrived despite the sector's issues. That's allowed them to consistently create value for their investors over the years.

One of the defining characteristics of these outperformers is that they aim to grow the value of their company, not just its size. Thus, those who want to invest in renewable energy stocks should seek out companies focused on this pursuit. moneyinvestors.in/renewable-money/

source https://www.flickr.com/photos/165450454@N07/50314151611/

Fliers Stop Flying, Airlines Losses Mount; Is Anyone Gaining? [Flickr]

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While the fliers have not yet resumed flying, it is now being widely recognised that the global aviation industry is going through the toughest-ever phase in its 100-year old history. The uncertainty of survival is bound to cause unprecedented turmoil and has fully paralysed the sector.

Rating agency Crisil reports that the unprecedented plunge in demand for air travel will badly impact the financials of airlines. It reports that the aviation industry will lose revenue to the tune of Rs 240,000–250,000 million. Airlines will see more than 70% of the losses, and airport operators will lose Rs 50,000 million and airport retailers, including retail, food and beverages and duty-free outlets will lose Rs 17,000 million.

In other words, the general public could save up to Rs 240,000–250,000 million by not availing air services. Things such as food and beverages and duty-free items and even flying are after all dispensable for fliers.

Not availing air services also causes less fuel burn and a cleaner environment.

The fear of corona has driven away the fliers. In June 2019, low-cost airline Spicejet had 94% occupancy, it is 68% in June 2020. At this level, the airline can not break even. It means not operating will be more profitable.

India’s two listed airlines, IndiGo and SpiceJet, lost up to Rs 125 billion across January-March and April-June quarters.

Operations at India's two biggest airports - Delhi and Mumbai - dropped by 67% and 87% in June 2020 respectively. ncairways.co/fliers/

source https://www.flickr.com/photos/165450454@N07/50307255746/

Many airlines try to boost domestic and international flights [Flickr]

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Despite the aviation industry being hit by the outbreak of Covid-19 pandemic, many airlines are preparing to join other airlines in the intercontinental market by December 2020. They seem to be working very hard for the restart of the air services.
The $1.9 trillion money manager, Pacific Investment Management Co. anticipates an economic recovery and that the next market rally will lift the aviation sector - beaten-down the most by the pandemic- as people start to travel again.

Also Read: Covid-19 Spread Sparks Fresh Panic in the Aviation Sector

Mexican Airline Interjet

Interjet is one of Mexico’s three biggest airlines. It operates on more than 50 routes.

As the coronavirus pandemic devastated global air travel, Interjet availed a $150 million capital support in July 2020 to get it through a substantial restructuring in an effort to lessen the effect of the crisis in the airline sector.

August 30, 2020. Interjet is now in a position to increase the number of routes and frequency of its domestic flights beginning from September. It will hopefully boost travel options to Mexico's northern states and popular tourist destinations.

Interjet will have to enforce health and safety measures. It will offer its passengers free rapid COVID-19 tests and N95 masks.

Uganda Airlines

Recently, Uganda Airlines celebrated its first anniversary. The airline had collapsed in 2001 but was relaunched after 18 years. It has four planes at present. ncairways.co/many-airlines/

source https://www.flickr.com/photos/165450454@N07/50288893702/

Worse crisis yet to be seen by global airlines [Flickr]

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Today, the global airlines are struggling through a worse crisis since the first commercial service began flying passengers nearly 100 years ago. The Covid-19 pandemic has exerted a long-term and profound impact globally.

Domestic passenger numbers in some markets have slowly started signs of recovery from COVID-19 lockdown lows, especially in Asia.
Chinese airlines recover from such a worse crisis
Chinese airlines hope for local travel boost. The aviation market in China has been the first to rebound from such a worse crisis, and the overall trend of recovery and development appears to be prosperous. Strong potential demand for air-passenger travel if the virus is suppressed.

Air travel in China has mostly returned from its pre-COVID-19 levels, with about 15m seats scheduled in the week to August 30, indicating the pace of the country's economic rebound.

Japan has also resumed normal service. Domestic travel is not subject to the same level of restrictions as cross-border flights, leaving it well-positioned to lead any recovery from this worse crisis.

China, where the disease first emerged in 2019 has reported no new deaths since May 2020. A tentative return of business and tourist travel within its borders can be seen here, even as the virus wreaks havoc elsewhere. Here domestic travel has picked up with the coronavirus outbreak brought largely under control. ncairways.co/worse-crisis/

source https://www.flickr.com/photos/165450454@N07/50286284621/

Will India send a military contingent to participate in a war game in Russia? [Flickr]

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Russia has been a major partner of India in the defence sector and the cooperation has been steadily growing further. In a few days from now, a multilateral war game is going to be held in the Astrakhan region in southern Russia from September 15 to 26. The participating countries include India's neighbours - China and Pakistan in addition to a number of other member nations of the Shanghai Cooperation Organisation (SCO), an influential regional grouping.

The SCO is viewed as a counter to NATO. It has emerged as one of the largest transregional international organisations. It accounts for nearly 44 per cent of the world population stretching from the Arctic Ocean to the Indian Ocean and from the Pacific Ocean to the Baltic Sea.

Earlier, India had communicated to Russia that it will participate in the said strategic command-post exercise. India had planned to send around 150 Indian Army troops, 45 Indian Air Force personnel and a number of Navy officers for the exercise. In June 2020, a tri-services contingent from India took part at the Victory Day Parade at the iconic Red Square in Moscow to commemorate the 75th anniversary of the Soviet victory over Nazi Germany in the Second World War. A contingent from China had also attended it.

But India has reviewed its earlier decision now. It may not participate in the exercise.

Also Read: U.S. ncairways.co/russia/

source https://www.flickr.com/photos/165450454@N07/50284066013/