As market rallied for 3 consecutive days in March, these 5 stocks made the most of upmove

These stocks have also seen an increase in volume and delivery volume, in the last three trading sessions.

March 04, 2021 / 02:13 PM IST
Indian equity ended on a positive note for the third straight days and recovered its loss which witnesses a fall of almost 4 percent or 1939 point in a single day as on February 26. During this bounce-back, five stocks from the BSE 500 have been in an upward trend consistently since March 1. These stocks have also seen an increase in volume and delivery volume, in the last three trading sessions.  If the stock’s price and delivery volumes have increased for more than three consecutive days then that indicates bullishness in the counter as higher volumes show investor interest in it. (Data Source: ACE Equity)
On March 3, the benchmark index Sensex ended on a positive note for the third straight day and recovered last week's losses. Sensex regained 51,000 and Nifty closed above 15,200 led by the metal stocks yesterday. At close, the Sensex was up 1,147.76 points or 2.28 percent at 51,444.65, and the Nifty was up 326.50 points or 2.19 percent at 15,245.60. Sensex fell about 4 percent, or 1939 points, in a single day on February 26. During this bounceback, five stocks from the BSE 500 index were in an upward trend consistently from March 1-3. These stocks have also seen an increase in volume and delivery volume in the last three trading sessions. If the stock’s price and delivery volumes increase for more than three consecutive days, it indicates bullishness in the counter as higher volumes show investor interest in it. In last 3 days, stocks like Adani Power, Bombay Dyeing & Manufacturing Company and Grindwell Norton have gained over 10 percent (Data Source: ACE Equity)
Adani Power | In the last 3 trading days, the stock has gained 18 percent to Rs 64.95 as on March 3 from Rs 55.25 as on February 26. In the same period, we have seen an increase in the volume (from 4,27,368 to 31,23,829), deliverable volume (from 1,55,312 to 13,76,022)
Adani Power | In the last 3 trading days, the stock has gained 18 percent to Rs 64.95 as on March 3 from Rs 55.25 as on February 26. In the same period, we have seen an increase in the volume (from 4,27,368 to 31,23,829), deliverable volume (from 1,55,312 to 13,76,022). Adani Power Limited is the power business subsidiary of Indian conglomerate Adani Group. It is a private thermal power producer. It also operates a mega solar plant. 
Refinitiv Rating: Analysts continued to remain bearish and recommended "Sell" rating in the last one month. The stock currently has 2 ‘sell’ ratings, data from Refinitiv Eikon showed. This compares with 2 ‘sell’ and 1 ‘strong sell’ ratings it had a month ago.
According to moneycontrol SWOT analysis, the company's has particular points, Strength : 6, Weakness: 4, Opportunities: 2, and Threat: 2. for more detail click here
Bombay Dyeing & Manufacturing Company | In the last 3 trading days, the stock has gained 14 percent to Rs 84.20 as on March 3 from Rs 74.05 as on February 26. In the same period, we have seen an increase in the volume (from 6,85,192 to 22,69,738), deliverable volume (from 1,00,543 to 9,46,029)
Bombay Dyeing & Manufacturing Company | In the last 3 trading days, the stock has gained 14 percent to Rs 84.20 as on March 3 from Rs 74.05 as on February 26. In the same period, we have seen an increase in the volume (from 6,85,192 to 22,69,738), deliverable volume (from 1,00,543 to 9,46,029). Bombay Dyeing & Manufacturing Company Limited is the flagship company of the Wadia Group, engaged primarily in the business of Textiles. 
According to moneycontrol SWOT analysis, the company's has particular points, Strength : 6, Weakness: 6, Opportunities: 4, and Threat: 0. for more detail click here
Grindwell Norton | In the last 3 trading days, the stock has gained 10 percent to Rs 951.45 as on March 3 from Rs 863.55 as on February 26. In the same period, we have seen an increase in the volume (from 1017 to 7426), deliverable volume (from 470 to 3387)
Grindwell Norton | In the last 3 trading days, the stock has gained 10 percent to Rs 951.45 as on March 3 from Rs 863.55 as on February 26. In the same period, we have seen an increase in the volume (from 1,017 to 7,426), deliverable volume (from 470 to 3,387). Grindwell Norton Limited is among the leading Manufacturer & exporters of Abrasives & Silicon Carbide.
Refinitiv Rating: Analysts recommended "Buy" rating on the stock in last one month. The stock currently has 1 ‘strong buy’, 2 ‘buy’, and 2 ‘hold’ ratings, data from Refinitiv Eikon showed. This compares with 2 ‘strong buy’, 1 ‘buy’, and 3 ‘hold’ ratings it had a month ago.
According to moneycontrol SWOT analysis, the company's has particular points, Strength: 12, Weakness: 1, Opportunities: 2, and Threat: 1. for more detail click here
Bombay Burmah Trading Corporation | In the last 3 trading days, the stock has gained 5 percent to Rs 1214.80 as on March 3 from Rs 1158.95 as on February 26. In the same period, we have seen an increase in the volume (from 3,338 to 3,75,080), deliverable volume (from 1,449 to 3,67,812)
Bombay Burmah Trading Corporation | In the last 3 trading days, the stock has gained 5 percent to Rs 1214.80 as on March 3 from Rs 1158.95 as on February 26. In the same period, we have seen an increase in the volume (from 3,338 to 3,75,080), deliverable volume (from 1,449 to 3,67,812). (BBTCL) is a multi-product and multi-divisional organisation with diverse business interests viz. Plantations (Tea and Coffee) Auto Electric Components dental products real estate weighing products horticulture and food - bakery and dairy products. 
According to moneycontrol SWOT analysis, the company's has particular points, Strength: 5, Weakness: 4, Opportunities: 2, and Threat: 1. for more detail click here
Chalet Hotels Q1 | LossChalet Hotels | In the last 3 trading days, the stock has gained 5 percent to Rs 173.80 as on March 3 from Rs 166.20 as on February 26. In the same period, we have seen an increase in the volume (from 11,259 to 62,792), deliverable volume (from 5,561 to 40,781) at Rs 39.4 crore versus profit Rs 13.92 crore, revenue at Rs 52.62 crore versus Rs 240.3 crore YoY. (Image: chalethotels.com)
Chalet Hotels | In the last 3 trading days, the stock has gained 5 percent to Rs 173.80 as on March 3 from Rs 166.20 as on February 26. In the same period, we have seen an increase in the volume (from 11,259 to 62,792 ), deliverable volume (from 5,561 to 40,781 ). Chalet Hotels is an International High-end Hotel Chains in India.
Refinitiv Rating: Analysts recommended "Strong Buy" on the stock in the last one month. The stock currently has 3 ‘strong buy’, and 1 ‘buy ratings, data from Refinitiv Eikon showed. This compares with 3 ‘strong buy’, and 1 ‘buy ratings it had a month ago.
According to moneycontrol SWOT analysis, the company's has particular points, Strength: 11, Weakness: 8, Opportunities: 3, and Threat: 0. for more detail click here
Ritesh Presswala Research Analyst at Moneycontrol
first published: Mar 4, 2021 02:03 pm

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