Hind Unilever breaks below 200 DMA

The stock of Hindustan Unilever has dropped sharply by 2.6 per cent on Friday and has closed below its 200-day moving average. The company is scheduled to announce its FY13-14 results on Monday. There is support for the stock at current levels and then at ₹571, its 21-week moving average, which is significant. The results will decide whether a reversal can happen from these supports. A break below ₹571 will add more pressure and may push it to ₹550.

Delisting offer to buoy Fulford India

Shares of Fulford India will be in demand next week, as the board of directors of the company on Friday received a letter from Dashtag saying its intention to make a voluntary delisting offer to the public shareholders of the company. Dashtag, its promoter, plans to acquire 9.77 lakh shares , representing 25.05 per cent of the paid-up equity share capital of Fulford. The indicative price for the delisting has been fixed at ₹1,150. The stock on Friday closed at ₹685.85.

SKS Microfinance: Keen on results

Shares of SKS Microfinance will remain active next week, as the company is declaring its quarterly and yearly (2013-14) financial performance on Monday. Analysts would be keen on its performance, as it has completed 13 transactions worth ₹1,820 crore in FY-14. Looking at the improvement in funding environment, coupled with strong growth in assets, improvement in operating efficiency and control over asset quality, analysts expect better return ratios.

(This article was published on April 25, 2014)
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