Selective AMC stocks like HDFC Asset Management Company and Nippon Life India Asset Management may rise up to 15%
Life Insurance Corporation of India and Bharat Electronics may see up to 10 per cent rally in coming sessions.
Technical chart of InterGlobe Aviation appears promising, with price action heading towards Rs 2,800. SpiceJet remains underperformer.
The Initial License (Form VIJ) for Manufacturing of Small Arms has been granted to Lokesh Machines, subject to payment of applicable fees.
RCF, GNFC and FACT may rally up to 15% as per their technical charts
When the larger trend is strong, stocks in overbought territory tend to continue perform and stay buoyant in the face of any setback.
These stocks can gather steam provided crude prices soften and the government policies remain supportive. Here are the key levels one needs to monitor for these stocks.
Overall trend of the MRF shares has become lucrative and highly optimistic following decisive rally over the key hurdle of Rs 95,000. The short-to-medium trend is poised for 20 per cent upside.
Except Jindal Stainless, other metal stocks require to cross key barrier to rally forward
Selective rate sensitive stocks may rise up to 12 per cent
Going ahead, analysts at ICICI Securities perceive peak execution through to FY25E based on the current orderbook visibility.
SJS Enterprises hit a record high of Rs 571.80 on rallying 6 per cent on the BSE in intra-day trade, on strong business outlook.
Every minor correction may see addition of long positions, say experts
Stocks setting new 52-week highs demonstrate aggressive chart structures
Technically, ICICI Bank is poised for an upside up to 10 per cent, while ICICIGI must sustain over the 200-DMA
The midcap index hit an intra-day high of 26,705.56, was less than 2% away from its record high level of 27,246.34, touched on October 19, 2021.
if the Nifty Midcap index succeeds to absorb selling pressure emerging at current level of 33,000 mark, the probability of breaking out over the previous historic peak of 33,245 becomes more plausible
Analysts raised their cigarette volumes growth estimate for FY24E considering market share gains from illicit cigarettes as well as strong growth in high price cigarettes.
The stock hit a record high of Rs 592.15 in intra-day today, and was trading 82 per cent higher against its issue price of Rs 326 per share.
The management is hopeful that the coming quarters will see further uptick in growth, as commodity prices remain stable, and the global inflation slows down.