Trade Spotlight: What should investors do with eClerx, Thyrocare & NBCC?

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26 Aug, 2025 12:21

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Indian market bounced back from intraday lows on Monday and closed with marginal gains. Nifty50 reclaimed 15,800 levels and the S&P BSE Sensex also managed to close above 52000.

Sectorally, buying was seen in energy, IT, consumer durable, and oil & gas stocks while pressure was seen in power, realty, utilities, and infra stocks.

Broader markets underperformed. The S&P BSE Midcap index was down 0.6 percent, and the smallcap index was down 0.16 percent.

Stocks that were in focus include eClerx Services which rallied over 9 percent to hit a fresh 52-week high, Thyrocare Technologies which hit a 52-week high closed in the red, and NBCC ended with gains of nearly 5 percent.

The stock has moved up by 40% month-to-date which indicates there could be some moderation from current levels.

RSI has moved to the previous higher band of 84 levels so the risk-reward is not in favour. We would recommend booking profit at current levels.

The stock witnessed a fresh breakout and scaled an all-time high with strong volumes and formed as a Doji candle near the top.

The intraday high of Rs 1324 could act as minor resistance and a crossover of the same would signal a higher target in the coming weeks.

On the downside, the stock has strong support near to Rs 1110-1130 levels, its previous top which would become support now.

The stock has crossed its 200-week average after a gap of three years with positive news flow and price up move confirming a long-term uptrend.

RSI is still trading above the average line and indicates a further up move from current levels.