Bulls & Bear Hfund of India

Tech view: Nowhere to go! Nifty50 makes Doji pattern on daily charts NEW DELHI: The Nifty50 consolidated in a narrow range on the last day of the trading week on Friday and formed a Doji pattern on the daily candlestick charts, which suggests further consolidation. The tussle between the bulls and the bears clearly suggests that the ongoing consolidation in the market is going to continue for some more time. Investors should remain cautious as the Nifty50 is still trading we ll below its crucial support level at 7,580. 'Doji' is formed when the the index opens and closes approximately around the same level, but remain volatile throughout the day, which is indicated by its long shadow on either side. In the process, it forms a cross or a plus sign. The Nifty50 opened at 7,542.35 and closed virtually at the same level at 7,555.20, thus forming a Doji pattern. It rose to an intraday high of 7,569.35, making an upper shadow, and fell to an intraday low of 7,526.70 maki...

IPO Review: Equitas Holdings a bankable bet Equitas Holdings is a diversified financial services company, catering to self-employed individuals and the micro & small enterprise (MSE) segment. It has three subsidiaries for its micro finance (under Equitas Microfinance), vehicle finance and MSE loans (Equitas Finance) and home loan (Equitas Housing Finance) businesses. Expertise in lending to unbanked segments is a key strength and will drive future growth. Additionally, its experience in vehicle finance and MSE loans lends comfort on the management's ability to grow its upcoming Small Finance Bank (SFB), for which it got a licence from the Reserve Bank (RBI) in October 2015. Healthy growth in assets under management and in return ratios for both Equitas Microfinance and Equitas Finance is another positive. The valuations also seem reasonable, at about 1.7 times the FY17 estimated price to book on a fully-diluted (post Initial Public Offer) basis, says Digant Haria, fin...