ICICI Securities is bullish on Gokaldas Exports recommended buy rating on the stock with a target price of Rs 560 in its research report dated January 11, 2022.
ICICI Securities is bullish on Syrma SGS Technology recommended buy rating on the stock with a target price of Rs 350 in its research report dated January 11, 2022.
Prabhudas Lilladher is bullish on Bank of Baroda has recommended buy rating on the stock with a target price of Rs 220 in its research report dated January 11, 2023.
Tata Motors was the biggest outperformer among Nifty50 stocks, climbing 6 percent to Rs 412.90, the highest closing level since December 19, 2022 and formed long bullish candle on the daily charts with significantly higher volumes and making higher high higher low formation for second straight session.
The overall structure of Schneider Electric Infrastructure is very impressive, as it is trading above all its important moving averages.
Motilal Oswal is bullish on TCS recommended buy rating on the stock with a target price of Rs 3810 in its research report dated January 09, 2022.
Emkay Global Financial recommended hold rating on TCS with a target price of Rs 3200 in its research report dated January 10, 2022.
SastaSundar’s business is at an inflection point although SastaSundar ongoing investments will probably start yielding results in the next couple of years
Mahindra and Mahindra was the biggest gainer among Nifty50 stocks, climbing 3.6 percent to Rs 1,310 and formed healthy bullish candlestick pattern on the daily charts with above average volumes, with making higher high higher low formation for second straight session.
Minda Corporation has broken out from the downward sloping trendline on the weekly chart. It has been taking support at 200-day EMA. Intermediate trend of stock remains positive as it is trading above its 50, 100 and 200-day exponential moving averages.
Motilal Oswal is bullish on APL Apollo Tubes recommended buy rating on the stock with a target price of Rs 1400 in its research report dated January 06, 2022.
Prabhudas Lilladher recommended accumulate rating on Titan Company with a target price of Rs 2875 in its research report dated January 09, 2023.
After breaking out from the downward sloping trendline on the daily chart, Religare Enterprises is consolidating during last few days, indicating relative strength in the stock. Short and medium term trend remains positive as stock price is trading above all important moving averages.
Godrej Industries has formed long bullish candle on the daily charts with healthy volumes. The stock has seen a breakout of downward sloping resistance trend line adjoining December 9 and December 21, 2022. Also there was a decisive breakout of horizontal resistance trend line adjoining multiple touch points - October 12, October 19, 2022, January 2, and January 5, 2023.
The crude oil remains under pressure and since it has sneaked below $80 mark, all sensitive pockets came back into action. Tyre being the beneficial space from the crude oil drop, all counters just took off in last couple of trading sessions.
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Sharekhan is bullish on PNC Infratech has recommended buy rating on the stock with a target price of Rs 360 in its research report dated January 05, 2022.
Sharekhan is bullish on Marico has recommended buy rating on the stock with a target price of Rs 645 in its research report dated January 05, 2022.
LKP Research is bullish on CSB Bank has recommended buy rating on the stock with a target price of Rs 313 in its research report dated January 06, 2022.
Max Financial Services jumped 3 percent to Rs 735.4 and formed long bullish candlestick pattern on the daily charts with above average volumes, with higher high higher low formation for third straight session. In fact, it has been in an uptrend after break out of long downward sloping resistance trend line adjoining September 20 and December 19, 2022, on January 3.
Hindustan Zinc, now has started to get into higher high, higher low formation post October 2021. The stock has shown a bounce to the upside after retesting the Triangle pattern, the breakout was witnessed on November 14, 2022. This confirms the beginning of potential uptrend.
Emkay Global Financial is bullish on HDFC Bank has recommended buy rating on the stock with a target price of Rs 1800 in its research report dated January 04, 2022.
Business improving gradually now stock price should follow supported by reasonable valuations and buyback announcement
Valuations for the sector are, by and large, not expensive but not cheap either. In some cases, it is close to the long-term averages and should be evaluated case by case.
Sharekhan is bullish on Finolex Cables has recommended buy rating on the stock with a target price of Rs 660 in its research report dated January 04, 2022.