Stocks to watch, 29 May: Stocks like Bharat Rasayan, HeidelbergCement India, Birlasoft,Som Distilleries and Breweries, Natco Pharma, Deepak Nitrite, RITES, Aurobindo Pharma, IndusInd Bank, Steel Authority of India, Avanti Feeds, Insecticides India, Balaji Amines, Cummins India, ITC, ADF Foods, Mishra Dhatu Nigam, and Unified Data Tech Solutions will be in focus on May 29.
The trend is likely to remain positive, but consolidation cannot be ruled out until the benchmark indices decisively surpass the 50 percent Fibonacci retracement. Below are some trading ideas for the near term.
The consolidation is expected to continue in Nifty 50, although the bulls remain in control. Below are some trading ideas for the near term.
East India Securities recommended hold rating on ADF Foods with a target price of Rs 199 in its research report dated February 20, 2024.
The company's revenue from operations surged 15.7 percent to Rs 112.4 crore from Rs 97.2 crore in the April-June period of FY23.