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Sectors in Focus

Major Corporate Developments This Week

1. JB Chemicals: Net profit at Rs. 162.5 cr vs Rs 133.6 cr, Revenue at Rs. 964 cr vs Rs 844 cr (YoY).
2. JKumar Infra: Net profit at Rs. 100 cr vs Rs 82 cr, Revenue at Rs. 1486 cr vs Rs 1218 cr (YoY)
3. VMART Retail: Net profit at Rs. 72 cr vs Rs 28 cr, Revenue at Rs. 1026 cr vs Rs 889 cr (YoY)
4. Interarch Building: Net profit at Rs. 28.2 cr vs Rs 22.0 cr, Revenue at Rs. 364 cr vs Rs 316 cr (YoY)
5. Azad Eng: Net profit at Rs. 23.7 cr vs Rs 16.8 cr, Revenue at Rs. 120 cr vs Rs 89 cr (YoY)
6. Tata Power: Net profit at Rs. 1187.5 cr vs Rs 1076 cr, Revenue at Rs. 15,391 cr vs Rs 14,651 cr (YoY)
7. Alkem Laboratories: Company launches Kojiglo Serum in India for managing facial hyperpigmentation.
8. Lupin: Company receives USFDA nod for generic HIC drug.
9. Prism Johnson: Company Approves Sale of Part of Industrial Premises at Tile Plant to JSW Steel, Deal for Rs 1.65 Billion.
10. Delta Corp: Deltin Royale to be replaced by bigger, modern floating casino in 2025.
11. Rail Vikas Nigam Limited: Company has received Letter of Acceptance from East Coast Railway for “Koraput-Singapur Road Doubling Project worth of Rs 404.4 crore.
12. MTNL: Asset monetization of MTNL and BSNL worth of Rs 16000 crore likely to be cleared soon
13. Tilaknagar: Net profit at Rs 53.9 cr vs Rs 43.8 cr, Revenue at Rs 340.0 cr vs Rs 376.0 cr (YoY)
14. Anant Raj: Net profit at Rs 110 cr, up 55%. Revenue at Rs 534 cr vs Rs 392 cr (YoY)
15. Moil: Company’s production of 1.6 lakh tonnes of Manganese Ore Sales up 17% YoY at 1.57 lakh tonnes.
16. Lemon Tree: Company signed a Concession Agreement with Meghalaya Tourism Development Corporation for the redevelopment, operation, and maintenance of Orchid Hotel in Shillong.
17. Lupin: Receives zero Form 483 observation for USA plant.
18. Tejas Networks: The company partners with NEC Corporation for 5G technology collaboration. The agreement involves an investment of approximately USD 60 million (INR 525 crore), payable over the next year.
19. Gensol Engineering: The company secures an order worth approximately INR 967.98 crore for a 245 MW solar PV project at Khavda RE Power Park, Rann of Kutch in Gujarat, including three years of O&M.
20. Raymond: The company announces its 5th major joint development agreement to develop its 2nd residential project in Mahim West, Mumbai. The project is estimated to have a revenue potential of approximately INR 1,800 crore.
21. PG Electroplast: Q3 consolidated net profit stands at INR 395 million versus INR 192 million year-over-year (YoY). Q3 revenue is INR 9.68 billion versus INR 5.3 billion.

TechnoFunda Investing Quote from Legends -

William J. O'Neil's quote highlights a key principle of momentum investing—buying strength rather than weakness. Many investors are tempted to buy stocks near their lows, assuming they are undervalued. However, O'Neil emphasizes that superior performance comes from identifying stocks that have consolidated in a strong base and are beginning to break out to new highs. Such stocks often indicate growing institutional interest, strong fundamentals, and the potential for sustained upward momentum. This approach aligns with his CAN SLIM strategy, which focuses on technical strength combined with solid earnings and market trends.

📚 Book I'm Reading This Week One Up On Wall Street One Up On Wall Street by Peter Lynch is a classic investment book that empowers individual investors to leverage their everyday knowledge to find winning stocks before Wall Street catches on. Lynch, one of the most successful fund managers of all time, shares his practical approach to stock picking, emphasizing that ordinary investors have an advantage by spotting trends early in their daily lives. He explains his simple yet effective investment philosophy, categorizing stocks into different types and highlighting key principles such as "invest in what you know" and "long-term growth over short-term noise." The book is an insightful guide for both beginners and seasoned investors looking to develop a disciplined and successful investing strategy. List of All Books I have Shared →

TechnoFunda 101 - Power Capsules

Learn technical as well as fundamental concept in a simple way

What Is Special Situation Investing?

Understanding the Cup & Handle Pattern: A Classic Breakout Formation

The Cup & Handle pattern is one of the most reliable bullish continuation patterns in technical analysis. Popularized by William O’Neil in How to Make Money in Stocks, it helps traders identify stocks that are primed for a breakout.

What is the Cup & Handle Pattern?

This pattern resembles a teacup, with the stock forming a rounded bottom (the Cup) followed by a small consolidation (the Handle) before breaking out. It signals a pause in an uptrend, allowing the stock to build momentum before resuming its climb.

Formation of the Cup & Handle:

🔹 The Cup:

• A stock declines, then gradually recovers, forming a U-shaped bottom.
• The depth of the cup varies, but shallower cups (30-50% decline) are healthier than deep ones.
• A rounded bottom indicates strong accumulation and base-building.

🔹 The Handle:

• After the cup, the stock consolidates sideways or slightly down in a narrow range.
• This occurs because traders take short-term profits before the next leg up.
• A shallow, controlled pullback is ideal—too deep of a handle can weaken the pattern.

🔹 The Breakout:

• The stock surges past the resistance (the rim of the cup) with strong volume.
• This confirms a breakout, often leading to a strong uptrend.

How to Trade the Cup & Handle Pattern:

✅ Entry Point: Buy when the stock breaks above the handle’s resistance with higher-than-average volume.

✅ Stop Loss: Place a stop below the lowest point of the handle to protect against false breakouts.

✅ Target Price: Measure the height of the cup and add it to the breakout point to estimate the target.

Key Takeaway:

The Cup & Handle pattern is a powerful tool for spotting high-probability breakout trades. By waiting for the handle to form and confirming the breakout with volume, traders can capitalize on strong upside moves.

🚀 My Content For This Week 🎬 YouTube: Technofunda Budget Special | Ask Me Anything​ ​ 📋 Twitter: Vivek Mashrani, CFA @MashraniVivek 🚀🚀 Have you ever seen a stock rally for weeks after posting strong earnings and wondered why? It’s not just luck—there’s a powerful market anomaly at play: Post-Earnings-Announcement Drift (PEAD) Let’s dig deeper into it! https://x.com/i/web/status/1888192074069028920 5:14 PM • Feb 8, 2025 0 Retweets 4 Likes Read 1 replies ​

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Keep Compounding...

Vivek Mashrani, CFA Founder, TechnoFunda Investing

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