Tag: stock picks

Technical picks: L&T, UTI AMC among stocks that can gain up to 17% in a month

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The Indian stock market continued their northbound journey for the fourth straight session on Tuesday, July 18, with the Sensex and Nifty crossing 67,000 and 19,800, respectively, amid buying seen in the information technology (IT), power and capital goods stock.

For the week, analysts at Axis Securities expect Nifty to trade in the range of 19900-19200 with a positive bias. The weekly strength indicator relative strength index (RSI) is above its respective reference lines, indicating a positive bias.

Meanwhile, Bank Nifty will likely trade in the range of 45400-44400 with a mixed bias for the week. The weekly strength indicator RSI continues to remain flat, indicating absence of strength.

Axis Securities’ weekly top 4 tech picks —

Based on the technical factors, the brokerage has suggested three stocks — L&T Technology Services, UTI Asset Management Company, National Aluminum Company and Balkrishna Industries — that investors can look to buy and hold for the next three to four weeks.

L&T Technology Services: On the daily chart, LTTS has convincingly broken out above the notable “Consolidation” pattern, surpassing the 4020 level, indicating a positive bias.

During the consolidation period, the trading volume exhibited a noticeable decline. At the point of breakout, there was a significant surge in volume, suggesting a renewed influx of market participants.

The stock holds above 61.8 percent Fibonacci Retracement of a rally from 3300-4000 placed at 3738 forming a medium term support zone.

The weekly strength indicator RSI is in given a crossover above its reference line generated a buy signal.

The brokerage has given a buying range between Rs 4080-3998. The above analysis indicates an upside of 4475-4585 levels (11–14 percent) with a stop loss at Rs 3820. Holding period is 3 to 4 weeks.

UTI Asset Management Company: UTIAMC, on the weekly chart, has successfully breached the prominent “Descending Triangular” pattern,
surpassing the key level of 820, thus indicating a favorable bias.

The stock has decisively surpassed key daily moving averages of 20, 50, 100, and 200, signaling a positive bias.

The weekly “Bollinger band” generated buy signal as stock closed above the upper Bollinger Band.

The weekly strength indicator RSI is holding above its reference line indicates positive momentum.

The brokerage has given a buying range between Rs 825-809. The above analysis indicates an upside of 927-955 levels (13–17 percent) with a stop loss at Rs 762. Holding period is 3 to 4 weeks.

Balkrishna Industries: On the weekly chart, Balkrishna Industries has successfully breached the prominent “Symmetrical Triangular” pattern,
surpassing the key level of 2230, thus indicating a favorable bias.

The stock initially moved towards the level of 2500, where it experienced a throwback. However, it subsequently exhibited a strong bounce back,
indicating a retest of the breakout area.

The stock is exhibiting a higher highlow formation on the daily chart, which suggests the presence of positive momentum.

The weekly strength indicator RSI (relative strengeth index) is holding above its reference line indicates positive momentum.

The brokerage has given a buying range between Rs 2435-2387. The above analysis indicates an upside of 2685-2730 levels (11–13 percent) with a stop loss at Rs 2275. Holding period is 3 to 4 weeks.

National Aluminum Company: On the weekly chart, National Aluminum has decisively broken out above the significant “Consolidation” pattern,
surpassing the 87 level.

This breakout is supported by an increase in volume, suggesting active participation at the breakout level.

The stock is moving in a rising channel from 70 level. Recently it took support at lower band of channel and bounce back sharply, indicating a positive momentum.

The weekly “Bollinger band” generated buy signal as stock closed above the upper Bollinger Band.

The weekly strength indicator RSI is in given a crossover above its reference line generated a buy signal.

The brokerage has given a buying range between Rs 89-86. The above analysis indicates an upside of 98-103 levels (12–18 percent) with a stop loss at Rs 82. Holding period is 3 to 4 weeks.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Sensex in red but these 3 BSE small-cap stocks jumped over 20% this week

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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In the week gone by, the benchmark Sensex traded in a narrow range, with bulls reigning till the market sentiment was dampened by a cautious Reserve Bank of India (RBI) refraining from a significant cut in the inflation forecast. While the Sensex gave near-flat returns, as many as three smallcap stocks offered more than 20 percent returns on an average this week. The S&P BSE Smallcap index pipped the benchmark by gaining nearly 1 percent in last five trading sessions.

The S&P BSE Smallcap index opened at Rs 31,412.15 level, and reached a high of 31,523.21 today (June 9). Among the smallcap pack, shares of Greenlam Industries have offered the highest returns of 30 percent, followed by HBL Power Systems (HBL) and Uttam Sugar Mills Limited, which rose 15 percent and 12.47 percent, respectively.

Greenlam Industries, a laminate manufacturer, topped the list of gainers in the smallcap segment, giving a massive 30 percent returns last week. The stock also scaled a 52-week high of Rs 483.75 level on Friday, June 9. In the last one month, the stock gained 56 percent, while it rose 46 percent on a year-to-date basis.

The stock gained after its subsidiary HG Industries commenced production at a newly-built manufacturing facility at Tindivanam, Tamil Nadu, with an potential revenue of Rs 400 crore per annum at full capacity. The facility will manufacture plywood and allied products.

HBL Power Systems (HBL) is another stock that has taken Dalal Street to a surprise. The stock rose 15 percent last week, while it was up 31 percent on a year-to-date basis.

HBL shares continued its rally over the optimism of the Kavach system as the central government plans to expedite its wide-scale adoption across the Indian Railways network.

The stock prices of anti-collision device makers have witnessed a surge in the past few sessions on the growing optimism surrounding the potential deployment of the Kavach system, an automatic train protection system, following the recent Odisha train tragedy.

The other stock on the list is Uttam Sugar Mills, which gave more than 12 percent returns to investors in the week gone by. The non-stop run for 10 sessions saw the stock test an over four-year high of Rs 1,930.45 on Friday.

Shares of Uttam Sugar Mills are rallying after the company announced its unaudited financial results for the March quarter. The company reported a net profit of Rs 70 crore in Q4FY23, against Rs 61.06 crore in Q4FY22 and Rs 26.06 crore in the third quarter of FY23. It recorded a 14.64 percent year-on-year rise and a 168.61 percent quarter-on-quarter rise in net profit.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Top stock tips by Shrikant Chouhan, Mitessh Thakkar: Infosys, ICICI Bank, GNFC and more

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Indian equity benchmarks are likely to make a positive start on Friday amid cautious gains across global markets as investors assessed newsflow on the Russia-Ukraine crisis. At 8:49 am, Singapore Exchange (SGX) futures — an early indicator of the Nifty50 index — were up 281.5 points or 1.7 percent at 16,518.5.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Top stock tips by Shrikant Chouhan, Mitessh Thakkar: TVS Motor, Cummins and more

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Indian equity benchmarks are likely to make a muted start on Friday amid weakness across global markets on concerns about the Russia-Ukraine conflict. At 8:50 am, Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty index — was down 6.5 points at 17,260.5, having dropped as much as 118.5 points earlier in the day.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Top stock tips by Shrikant Chouhan, Mitessh Thakkar: Titan, Indian Oil, Mahindra & Mahindra and more

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Indian equity benchmarks are likely to make a positive start on Thursday despite a mixed trend across global markets after Fed minutes showed policymakers are in favour of faster rate hikes to tame inflation. Concerns about the Russia-Ukraine conflict eased. At 8:56 am, Singapore Exchange (SGX) Nifty futures were up 68 points or 0.4 percent at 17,385.5.

CNBC-TV18’s in-house panel of experts has picked a list of stocks for investors to buy/sell in trade today. Here are the top buy-sell calls by market experts:

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Top stock tips by Shrikant Chouhan, Mitessh Thakkar: Tata Steel, Eicher Motors and more

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Indian equity benchmarks are likely to make a positive start on Wednesday amid strength across global markets, as fears about the Russia-Ukraine conflict dissipated. At 8:50 am, Singapore Exchange (SGX) Nifty futures were up 47.5 points or 0.3 percent at 17,395.5.

Equities in other Asian markets rose as fears of a Russian invasion of Ukraine dissipated. Moscow indicated it was returning some troops to base from exercises.

MSCI’s broadest index of Asia Pacific shares was up one percent at the last count. Japan’s Nikkei 225 was up 2.1 percent, China’s Shanghai Composite 0.8 percent and Hong Kong’s Hang Seng 1.1 percent.

South Korea’s KOSPI was up 1.7 percent, but Singapore’s Straits Times down 0.3 percent.

S&P 500 futures were down 0.3 percent. On Tuesday, the three main Wall Street indices surged 1.2-2.5 percent amid a risk-on session, though energy shares dipped on a fall in crude oil.

CNBC-TV18’s in-house panel of experts has picked a list of stocks for investors to buy/sell in trade today. Here are the top buy-sell calls by market experts:

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Top stock tips by Shrikant Chouhan, Mitessh Thakkar: Tata Steel, JSPL, Federal Bank and more

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Indian equity benchmarks are likely to make a gap-down start on Friday tracking weakness across global markets following a worse-than-expected US CPI reading. At 8:42 am, Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty index — were down 176 points or one percent at 17,430.

CNBC-TV18’s in-house panel of experts has picked a list of stocks for investors to buy/sell in trade today. Here are the top buy-sell calls by market experts:

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Top stock tips by Shrikant Chouhan, Mitessh Thakkar: ITC, SAIL, Hero MotoCorp and more

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Indian equity benchmarks started Friday’s session on a mildly positive note, amid gains across most other Asian markets despite a sharp slump on Wall Street overnight.  Both headline indices opened 0.2 percent higher. The 30-scrip Sensex index began the day up 130.6 points at 58,918.7 and the broader Nifty50 benchmark at 17,590, up 30 points from its previous close.

Equities in other Asian markets rose on Friday despite a slump on Wall Street overnight after a dire forecast by Facebook. MSCI’s broadest index of Asia Pacific shares outside Japan was up 0.9 percent at the last count.

Japan’s Nikkei 225 was up 0.4 percent, Hong Kong’s Hang Seng 2.3 percent and South Korea’s KOSPI 0.9 percent. Singapore’s Straits Times was up 0.2 percent. The China market remained shut for the Lunar New Year holidays.

S&P 500 futures were up one percent. On Thursday, the three main Wall Street indices suffered deep losses. The S&P 500 fell 2.4 percent, the Dow Jones 1.5 percent and the Nasdaq Composite 3.7 percent, snapping a four-day winning run.

Facebook-owner Meta lost more than a quarter of its market cap as its disappointing outlook sent its stock plummeting.

CNBC-TV18’s in-house panel of experts has picked a list of stocks for investors to buy/sell in trade today. Here are the top buy-sell calls by market experts:

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Top stock tips by Shrikant Chouhan, Mitessh Thakkar: Infosys, BHEL, Bajaj Finance and more

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Indian equity benchmarks started Friday’s session on a positive note despite a mixed trend in other Asian markets. Both headline indices rose as much as 1.2 percent in early deals after a positive opening.

The 30-scrip index gained as much as 678 points to 57,954.9 and the broader Nifty50 benchmark climbed to as high as 17,322.3, up 212.1 points from its previous close.

Equities in other Asian markets began Friday on a mixed note following weakness in two of the three key Wall Street indices. MSCI’s broadest index of Asia Pacific shares outside Japan was down 0.2 percent at the last count.

China’s Shanghai Composite was down 0.6 percent and Hong Kong’s Hang Seng 0.7 percent. However, Japan’s Nikkei 225 was up two percent, and South Korea’s KOSPI one percent. Singapore’s Straits Times was up 0.2 percent.

S&P 500 futures were up 0.6 percent in Asia. On Thursday, Wall Street indices gyrated wildly, with the S&P 500 once again narrowly avoiding correction confirmation at the end of a session.

The S&P 500 closed 0.5 percent lower and the Nasdaq Composite fell 1.4 percent. The Dow Jones was flat. Investors juggled positive economic news with mixed corporate earnings, geopolitical unrest and the prospect of a more hawkish Federal Reserve.

CNBC-TV18’s in-house panel of experts has picked a list of stocks for investors to buy/sell in trade today. Here are the top buy-sell calls by market experts:

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Top stock tips by Shrikant Chouhan, Mitessh Thakkar: SBI Life, Tata Steel, PowerGrid and more

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Indian equity benchmarks are likely to make a gap-down start on Friday tracking weakness across global markets. At 8:14 am, Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty benchmark index — were down 121.5 points or 0.7 percent at 17,678.5.

Equities in other Asian markets declined tracking overnight losses on Wall Street, amid concerns about an earlier-than-expected tightening of monetary policy and the pace of economic recovery in the US due to the Omicron variant of COVID-19.

MSCI’s broadest index of Asia Pacific shares outside Japan was down 0.5 percent at the last count.

Japan’s Nikkei 225 was down 1.4 percent, China’s Shanghai Composite 0.4 percent and Hong Kong’s Hang Seng 0.1 percent. South Korea’s KOSPI was down 0.8 percent and Singapore’s Straits Times flat.

S&P 500 futures in Asia were down half a percent.

Wall Street’s three main indices — the S&P 500, the Dow Jones and the Nasdaq Composite — ended 0.9-1.3 percent on Thursday, a day after the Nasdaq Composite entered correction territory.

CNBC-TV18’s in-house panel of experts has picked a list of stocks for investors to buy/sell in trade today. Here are the top buy-sell calls by market experts:

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow