Saregama Carvaan Mini: Great on looks, sound, utility. Song library? Umm...

Saregama, India’s oldest music label owned by the RP-Sanjiv Goenka Group of companies, recently launched the Carvaan Mini at Rs 2,490. The Bluetooth-enabled speaker, which has USB and AUX connectivity and an FM/AM receiver, also comes with a pre-loaded playlist of 351 songs that makes it a unique proposition in the portable speaker segment.

Design
The Carvaan Mini is similar in design to single-side cassette players, which were quite famous back in the days when the phones weren't so smart and music CD players wore a halo of exclusivity. Saregama's piece is a near-perfect geometrical cube with curved corners, in which the speaker has plastic sides and the back, and the front is covered with metallic mesh sheets embossed with pictorial representations of legends from the Bollywood music industry.

Like the cassette players of yore, the speaker’s controllers such as play/pause, next/previous, volume rocker keys are placed on the top, along with a power button. For ease of use, the speaker features separate keys for different modes -– Saregama, FM/AM and Bluetooth. Connectivity ports, including a USB port, AUX-in and micro-USB charging port are placed on the back, along with an FM/AM antenna that fits well within the profile.
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YES Bank extends recovery; stock rises 21% in two sessions

Shares of YES Bank have risen for the second consecutive day, gaining over 10 per cent to Rs 223 levels on the National Stock Exchange (NSE) in intraday trade today, after the private bank said that it is fully prepared for the succession plan for its managing director and chief executive officer and will finalise two external experts for the search committee by October 7.

The stock has risen over 21 per cent in the past two sessions after it hit a 28-month low last week.

"Search & Selection Committee, assisted by a Global Leadership Advisory Firm, will evaluate both internal and external candidates and make suitable recommendations to the Board of Directors for onward submission to RBI.," the bank said in a regulatory filing on Monday.

YES Bank on Monday also released its unaudited financial results for the quarter to September. The bank registered a 41 per cent year-on-year rise in deposits at Rs 2.23 lakh crore in the second quarter (Q2FY19) while the CASA ratio grew 28.2 per cent YoY.

Gross non-performing assets stood at 1.35 per cent of gross advances compared with 1.82 per cent in the same quarter last year.

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Nifty outlook and top trading ideas by Prabhudas Lilladher for today

Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher:

NIFTY VIEW
Nifty recovered strongly from the low of 10821 but still the sentiment and bias remains cautious. The levels around 10820 - 10840 remains the support zone for Nifty while BankNifty shall have the support near around 24680-24700 levels. However, the support for the day would be seen at 36280/10940 while the resistance would be at 36750/11070 levels.BankNifty would have the range of 25100-25620 levels.

BUY ICICI BANK
CMP: Rs 314
TARGET: Rs 330-335
STOP LOSS: Rs 299
The stock has made a good correction from around 346.80 price to consolidate near the 300 levels which is forming a good support level. The stock has made a good recovery with huge volume participation and also the RSI indicator has reversed its trend to give a buy signal. We recommend this stock for an upside target of 330 keeping a stop loss of 299.

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Top trading calls by Anand Rathi Research for today: Buy Tech Mahindra, HUL

Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Research:

NIFTY: BUY
TARGET: 11,157
STOP LOSS: 10,920
Nifty closed well in the positive territory in the last trading session and has formed a bullish engulfing candlestick pattern which is quite a positive sign for the bulls in the short term. On the lower side, the Index has again taken a good support at its 200DMA which is also quite positive in the short term. So, now till 10775 levels aren’t broken the Index can bounce till 11157 levels.

TECH MAHINDRA: BUY
TARGET: Rs 839
STOP LOSS: Rs 724
The stock has formed a symmetrical triangular pattern and the momentum indicator has also provided a buy crossover on the daily charts which is a positive sign going forward. The minimum target comes to 839; one can buy this with a stop loss of 724 levels.

AUROBINDO PHARMA: BUY
TARGET: Rs 810
STOP LOSS: Rs 730
The stock seems to have completed a three wave corrective fall and with that, it seems to have completed a wave 4 correction on the daily, as well as weekly charts. Now, wave 5 up seems to have started which has a minimum target of 810 and thereafter 730 levels.

HINDUSTAN UNILEVER: BUY
TARGET: Rs 1,680
STOP LOSS: Rs 1,610
The stock seems to have completed a five-waves declining structure and a three wave corrective bounce is expected. The daily momentum indicator MACD has come into buy mode, hence we recommend buying this stock.

Infibeam Avenues turns volatile; surges over 80% in intra-day trade

Shares of Infibeam Avenues have turned volatile on Monday surging over 80% from their record low touched in early morning trade on the BSE on back of heavy volumes.
Infibeam Avenues has moved higher by 20% to Rs 70.55 on the BSE in intra-day, bouncing back 84% from its record low of Rs 38.40 touched in early morning trade today.

The stock plunged 35% in early morning trade today, tanked 82% in past three trading days from Rs 215 on Wednesday, September 26, 2018. Despite today’s gain from its record low, the stock was still down 70% in past three trading days. It hit an all-time high of Rs 243 on September 18, 2018, on the BSE in intra-day trade.

At 10:07 am; the stock was up 14% at Rs 67.10 against its Friday’s close of Rs 58.80. The trading volumes on the counter more than doubled with a combined 70 million equity shares changed on the BSE and NSE.

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