Corporate Radar: SKF India, Whirlpool to turn ex-dividend; Tata Steel, Britannia AGMs; stock splits and more Tata Steel, Britannia Industries, Devyani International, Bank of Maharashtra, Sundaram Clayton, Elecon Engineering Company, Bliss GVS Pharma, Rane Brake Lining, Artson Engineering, Rane Engine Valve and Morarka Finance have their annual general meetings (AGMs) today. Meanwhile, Scanpoint Geomatics will have an EGM today.
Overweight on auto; wary about corporate capex driven banks: Nilesh Shetty “We do not have a lot of commodities but whatever we had, we trimmed a significant portion of their weights primarily on valuations because in cyclical upturns, their valuations have started trading at premium valuations compared to their historical bands. We have trimmed that and we are waiting patiently. ”
Ahead of Market: 10 things that will decide D-St action on Friday Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services, said while the overall market set-up continues to remain ‘sell on the rise, intermittent bouts of relief rally cant be ruled out. “Hence we suggest traders to remain cautious of sharp volatility and carry light positions going forward," he said.
Stock market update: Stocks that hit 52-week highs on NSE Elecon Engg Co, Globesecure Technologies Ltd., Kohinoor Foods, Regency Ceramic and Rachana Infrastructure Ltd., hit their fresh 52-week highs at 10:50AM.
Buy Elecon Engineering Company, target price Rs 310: Axis Securities Elecon Engineering Company Ltd., incorporated in the year 1960, is a Small Cap company (having a market cap of Rs 3025.47 Crore) operating in Engineering sector.
Ahead of Market: 10 things that will decide D-St action on Thursday "Now, one may expect Nifty to slide down to the important support area of 15,200 levels in the next few sessions. Immediate resistance is placed at 15,560,"
Hot Stocks | PVR, Elecon Engineering, J Kumar Infraprojects can fetch 12-20% return in short term. Here's why J Kumar Infraprojects has a strong bullish setup where it witnessed a breakout of Descending triangle breakout on the longer timeframe. It has retested its previous breakout Rs 240 level after hitting a fresh 52-week high.
Chart Check: 100% in a year! This smallcap stock is a good buy on dips for a target of Rs 300-375 Existing investors can remain invested while fresh money can be deployed on dips towards Rs 217-205, and further towards 196-187-182, they say.
Buy Elecon Engineering Company, target price Rs 262: Axis Securities Elecon Engineering Company Ltd., incorporated in the year 1960, is a Small Cap company (having a market cap of Rs 2811.73 Crore) operating in Engineering sector.