The Nifty MidCap index can surge near 25,000-mark; whereas, midcap stocks such as AIA Engineering, Alkem Labs, Muthoot Finance, ICICI Prudential Life and UPL can rally another 22%, suggest tech charts
AIA Engineering stocks advanced 4.87 per cent to touch an intraday high of ₹3,415 apiece on the NSE after the company reported an 8 per cent year-on-year (Y-o-Y) increase in net profit for Q2FY25
These 3 midcap stocks, across sectors, have witnessed a positive breakout on different key parameters, show technical charts.
Broader indices have outperformed the Sensex and Nifty amid the recent market recovery, rallying up to 12% from November lows. These 5 mid-, small-cap stocks could swing up to 19% from present levels.
Asian Paints, Aurobindo Pharma, AIA Engineering, Delhivery and Colgate-Palmolive stocks were trading in oversold zone, the daily chart shows. Here are the key levels to track.
AIA Engineering and Ashok Leyland look weak on the chartk, while shares of IDFC Bank and REC look ripe for an interim correction, indicate charts.
The company reported 28.4 per cent growth in Q1FY23 consolidated net at Rs 191.47 crore, and total income rose by 41.2 per cent YoY to Rs 1,100.33 crore on a YoY basis.
In Q4 EBITDA margin improved 182 basis points (bps) YoY and 21 bps sequentially at 24.2 per cent.
The stock hit a new high of Rs 1,442, up 4% on the BSE in intra-day trade.