Market in trading zone (Market Watch)

22

By Arun Kejriwal
The short and truncated week gone by had a mere three trading days but was highly volatile. Each of the three days saw the benchmark indices move by more than 1 per cent with Tuesday, which was the first day of the week seeing a movement in excess of 2 per cent. Markets gained on two of the three days. BSESENSEX gained 1,021.33 points or 2.08 per cent to close at 50,029.83 points, while NIFTY gained 360.05 points or 2.48 per cent to close at 14,867.35 points. The broader indices saw BSE100, BSE200 and BSE500 gained 2.42 per cent, 2.62 per cent and 2.70 per cent respectively. BSEMIDCAP was up 2.73 per cent, while BSESMALLCAP was up 3.91 per cent. There were no sectoral losers during the week with BSEMETAL gaining 8.54 per cent on the back of an expected stimulus in the US which would lead to increased spending on infrastructure.

The Indian Rupee lost 59 paisa or 0.81 per cent to close at Rs 73.10 to the US dollar. Dow Jones gained 80.33 points or 0.24 per cent to close at 33,153.21 points.

Shares of Nazara Technologies listed on Tuesday and after debuting at Rs 1,971 a gain of Rs 970 or 79 per cent, closed at the lower circuit of the day at Rs 1,576.80 on BSE. The gain for the day was Rs 475.80 or 43.22 per cent. At end of week, the share recovered some lost ground and closed at Rs 1,669.85 a gain of 51.67 per cent.

The week ahead sees the mega IPO from Macrotech Developers Limited, formerly known as Lodha Developers tap the market. The issue would raise Rs 2,500 crore in a price band of Rs 483-486 and would open on Wednesday (April 7) and close on Friday (April 9). Macrotech Developers is focussed on the affordable housing and mid-segment sections of the real estate market and is a developer in MMR (Mumbai Metropolitan Region). It has a few years ago entered the adjoining Pune market as well.

The company reported revenues of Rs 9,576 crs, EBITDA of Rs 2,925 and a profit after tax of Rs 1,205 crs for the year ended March 2020. Its EBITDA margins were Rs 30.5 per cent while PAT margins were 12.6 per cent. The company has been delivering large number of dwellings every year and with its huge land parcels which are concentrated in nature, and thus has the ability to focus on the affordable segment. This segment has incentives from the government and is the fastest growing segment in the real estate market. The affordable segment fetches a realisation of about Rs 5,000 per square foot while in the mid-segment the average realisation is Rs 7,500 per square foot. The company believes that their business model is like a FMCG company and is confident of continuing to delivering the largest number of sales across real estate developers in residential segment. They have been delivering close to 10 million square feet in the last yar and expect to do even better in the coming years. The issue based on EPS for the year ended March 20, of Rs 18.46, values the company at a PE multiple of 26.15-26.33 times. This valuation is in line with its peers.

The week ahead sees RBI’s monetary policy meeting which would be held from Monday to Wednesday. While RBI I expected to keep rates unchanged, it I widely expected to maintain an accommodative stance.

On the Covid-19 front, the surge witnessed in the previous week continues unabated. The world saw 13,09,54,934 patients, 28,53,007 deaths and 10,54,31,002 patients recovering. In India we saw 1,23,96,450 patients, 1,64,157 deaths and 1,15,70,440 patients recovering. Compared to the previous week, the world saw 31,67,881 new patients, 56,481 deaths and 24,33,818 patients recovering. In India we saw 3,56,800 new patients, 2,276 deaths and 2,14,447 patients recovering. India has vaccinated over 6.5 crore people and over 30 lac vaccinations are taking place daily. While we need to step up the pace of vaccination, care by all needs to be taken on maintaining social distancing irrespective of whether they are vaccinated or not.

GST collections hit a record 1.24 lakh crore mark in February 2021 and this would be an encouraging number for all concerned. The week ahead would continue to remain volatile and look for cues on the covid-19 front amongst other news. US and global cues will have an important bearing as well as quarterly results as they are announced.

Use sharp rallies to sell and sharp dips to buy in the market as we continue to remain in a trading zone.

(Arun Kejriwal is the founder of Kejriwal Research and Investment Services. The views expressed are personal)

Source: IANS

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Handicraft Furniture setting a new trend in the interior and home décor industry

Handicraft Furniture setting a new trend in the interior and home décor industry

Furniture is one of the most prominent and significant aspects of any space. It adds a distinct depth and feel to the décor and enhances its beauty to the next level. Conventionally furniture was considered only as a side element while designing an interior. However, today the trend has changed; the limelight is on the furniture and furnishing elements. Young interior designers and architects are giving utmost importance to furniture and are heavily investing their time and efforts to get the best furniture for modern urban spaces.

Antique Handicraft Furniture

Saharanpur – the furniture city of India is renowned for its explicit patterns, wide motifs, and creativity. The city is home to some of the most skilled and proficient artisans and craftsmen. These creative enthusiasts are known for their attention to detail, intricate carving, and eye for perfection. The finishing and look of the furniture created in this city are beyond comparison. Craftatoz is one of the reputed furniture manufacturing companies in India. Established in the year 1989 in Saharanpur, the company has more than 300 trained and skilled workmen. The antique and eternal furniture created by Craftatoz sets the perfect symphony of texture and gives your space a stunning and grandeur appearance.

Furniture artefacts are one of the worthwhile investments. It not only augments the overall appearance of your room but also meticulously sets the whole ambience. The novelty and ethnic feel of antique furniture make it highly popular amongst the masses. The designers and interior decorators are hunting unique and exquisite antique furniture that connects one with the Indian roots. Craftatoz is one of its kind of handicraft furniture manufacturing company striving to preserve the Indian handicraft industry and introducing artistic handicraft furniture that is spectacular and awe-inspiring.

Preserving the art of Handicraft

Handicraft furniture online is a part of Indian heritage and culture from the Britishers time. Handicraft furniture speaks volumes about our rich history and love for art. Handicraft furniture is an integral part of our interiors and gives your premise an elegant touch. However, over the period of time with the introduction of modernization and machine-made furniture, the significance of handicraft furniture has been also affected to a great extent.  Furniture giants like Craftatoz are exerting themselves to promote the artisan’s talent and preserve the art of handicraft. They are bringing handicraft furniture to modern homes and preserving our legacy. Handicraft furniture is a seamless combination of modern art, style, and antiquity. They are unmatched and a true epitome of sophistication.

Handicraft furniture suits your décor and adds more splendor to it

The latest global trend in home furniture and decoration is Handicraft Furniture. Décor with the layer of Indian handicraft products and furniture creates an interesting décor and creates an impeccable melody of texture, color, fabric, styles, etc. Antique handicraft furniture in the form of mirrors, center table, jharokhas, Chandeliers, key holders, table lamps, corner tables, and much more. Handicraft Furniture is true alchemy of style and poise. They are an ideal fit for any modern urban or conventionally designed abodes. The handicraft wooden furniture celebrates luxury and creates a lavish feel.

The matchless collection of handicraft furniture

Handicraft furniture is never outdated. They are timeless and always in fashion. Other furniture styles may come and go but the love for Indian handicraft and artistic furniture is increasing at an enormous rate. A true lover of Indian culture and exclusive products is sure to get impressed by the sumptuous range of handicraft furniture offered by Craft atoz. The handicraft furniture can truly revamp your furniture and add a gleam to your interiors. Handicraft furniture is available in size, style, and pattern. The availability of premium grade handicraft furniture collection has led to an immense increase in the demand and utility of the same. Interior designers and décor experts are incorporating handicraft furniture to create a comprehensive mood of the space and give it a cutting-edge.

Taking furniture industry to newer heights

Like every industry, the furniture industry has also witnessed several ups and downs. The trends in the furniture industry are ever-evolving. There are continuous introductions and upgrades in this sector. However, the heart of the furniture segment is still ‘Handicraft Furniture’ the simplicity, quirkiness, antique touch, regal patterns and immersive feel of handicraft furniture still continue to mesmerize everyone with its grandeur and sheer opulence.

Handicraft furniture is at the pedestal and gaining substantial attention worldwide. They are widely acknowledged as one of the most reputed, credible, and authentic Indian art forms. The handicraft furniture reflects the legacy of the country and opens new avenues for Indian craftsmen and artefacts. Craftatoz with an aim to provide these artists global exposure and widespread Indian culture to every corner of the world brings a well-thought, finely detailed range of handicraft furniture that creates the cult and sets new milestones in the world of online furniture.

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