Aakash Shah, technical research analyst at Choice Equity Broking, is bullish on the shares of Finolex Cables, Grindwell Norton, and Silver Touch
Technical charts show that these four stocks have given a breakout on the daily scale on closing above the super trend line indicator.
These 10 companies had fixed July 09 as the record date for a dividend payout of up to Rs 30 per share.
Other major holdings in his portfolio encompass ITC (down 3%), VIP Industries (down 7%), Infosys (down 1.5%), Grindwell Norton (down 3.5%), Cummins India (down 13%)
In the past one week, the stock has outperformed the market by gaining 24 per cent, as compared to 1.5 per cent rise in the S&P BSE Sensex
The stock rallied 14% to Rs 721 on the BSE in otherwise weak market.