The bearish sentiment is expected to prevail until the frontline indices provide a sustainable close above the medium-term moving average. Below are some short-term trading ideas to consider.
Stocks to Watch, 27 May: Stocks like InterGlobe Aviation IndiGo, KEC International, PG Electroplast, India Pesticides, Sagility India, 360 ONE WAM, Aurobindo Pharma, Bayer Cropscience, Blue Dart Express, Shilpa Medicare, General Insurance Corporation of India, Maharashtra Seamless, Lumax Industries, Amber Enterprises India, KFin Technologies, Dabur India, and Borana Weaves will be in focus on May 27.
HSBC stated that good rainfall will enhance water storage, boosting domestic sales for agri-input players in H2 FY25. As a result, the firm anticipates a strong overall performance from the sector in FY25.
'Despite weather challenges and lower reservoir levels affecting crop protection volumes, our performance remained resilient,' said the firm's CEO.
NTPC, Hindalco, Bosch, Ashok Leyland, Hindustan Copper, Glenmark Pharma, Aegis Logistics, Manappuram Finance, Suzlon Energy, Torrent Pharmaceuticals, and United Spirits will announce their March quarter earnings on May 24.
The week ahead is expected to be volatile amid the contract expiry; hence, a pragmatic approach with exclusivity in stock selection is advocated.
This is the second time in as many weeks that the company has received a GST penalty notice
Net Sales are expected to increase by 11.6 percent Y-o-Y (down 6.8 percent Q-o-Q) to Rs. 1,620.8 crore, according to Prabhudas Lilladher.
Prabhudas Lilladher recommended accumulate rating on Bayer Cropscience with a target price of Rs 4720 in its research report dated August 07, 2023.
Prabhudas Lilladher is bullish on Bayer Cropscience has recommended buy rating on the stock with a target price of Rs 4720 in its research report dated May 24, 2023.
Net Sales are expected to increase by 11.5 percent Y-o-Y (up 3.5 percent Q-o-Q) to Rs. 1,074.3 crore, according to Prabhudas Lilladher.
Prabhudas Lilladher recommended accumulate rating on Bayer Cropscience with a target price of Rs 5630 in its research report dated February 08, 2023.
European markets rally as US inflation came in lower than expected. British pound hit a 6-month high. As consolidation continues, are better times ahead for the cement industry? Stocks in the spotlight today are Paytm, IIFL Wealth, TVS Motor and Bayer CropScience.
The development comes after Gujarat Pollution Control Board issued closure directions after inspecting the plant and recording certain observations