StockPro | FII'S AND DII'S INCREASED THEIR HOLDING IN RECENT QUARTER

The podcast discusses the Indian stock market, including recent trends and a specific stock, Sequent Scientific, which has seen increased holdings by FIIs and DIIs. The speaker provides insights into the Nifty index's potential movement, predicting a possible upward trend, and recommends Sequent Scientific as a potential investment based on its recent performance and the increased institutional interest.

Nifty Index Outlook

• 00:03:01 The speaker believes the Nifty index is currently showing positive signs, having broken past a previous barrier and potentially heading towards the next resistance level around 24551. They predict a possible sideways movement between 24000 and 25500 before a sharp upward move in December or January, potentially reaching 25000.

FIIs & DIIs Stock Selection

• 00:06:01 The speaker identifies stocks where Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) increased their holdings in the June-September quarter. They filtered these stocks and selected Sequent Scientific, which shows promising build-ups.

Sequent Scientific Analysis

• 00:07:02 Sequent Scientific is India's leading animal health company with a global presence. While the company's financials show some negative aspects like low returns and slow sales growth, the speaker highlights a positive trend in operating profit margins and improvement in sales year-on-year. They also note an increase in promoter and institutional holding in recent quarters.

Sequent Scientific Trading Recommendations

• 00:11:11 The speaker recommends a potential buy for Sequent Scientific, expecting a 10-12% move. They suggest booking profits if the stock crosses 212 and target prices of 230 and 238. They advise caution and recommend ignoring the stock if it doesn't break above 212 within a couple of days.