Stocks of these 27 companies are flying high & they have one thing in common
If one looks at the stock performance, most of them have given positive returns consistently in the last three years. Industrial equipment maker Elpro International, GMM Pfaudler, Inox Wind, Asahi India Glass, Indian Hotels, and Blue Dart Express have given double-digit returns in the current financial year despite the volatility in the market.
Vijay Kedia increases stake in multibagger smallcap
Elecon Engineering is a multibagger smallcap with a market capitalization of around Rs 4,100 crore. Established in 1951, the company was the pioneer in manufacturing industrial geared motors and reducers, material handling equipment, mining equipment, casting processes etc. The company is among the largest manufacturers of material handling equipment and industrial gears in Asia.
Multibagger alert! 440 stocks rally up to 10,900% since last Diwali
Ambar Protein Industries and IKAB Securities & Investment also rallied 2,636 per cent and 1,847 per cent respectively during the period. Gensol Engineering also rose 1,637 per cent during the same period, the data suggest.
Big Movers on D-St: What should investors do with Elecon Engineering, Mazagon Dock and Bharat Electronics?
In Fridays trading session, the counter has given a breakout of the triangle formation. The overall structure of the counter looks remunerative, as it trades above all its important SMA moving averages. The demand zone is near Rs 326.
#MAHSEAMLES breaks out above year 2007 all time highs of ₹755 —- stock has the same yearly chart patterns like #ELECON ((see #ELECON 10% up today)) so #MAHSEAMLES is breaks out multi years— stock has now no limit no levels (DYOR)(paper trading)
Down up to 60% in a year, Kedia stays put in majority of stocks
Vaibhav Global, down 60 per cent, emerged as the worst performer from his portfolio in last year. However, he added 1,55,000 equity shares of the Gems and jewellery player during the quarter and increased his stake to 1.95 per cent from 1.86 per cent.
#ELECON has given today highest closing after 55 Quarters after December 2007—- stock has certainly the potential to close reach all time highs ₹345 and beyond— stock caters to core sectors in economy (DYOR)(paper trading)
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.