Stocks to Watch, 25 July: Stocks like Sun Pharma, eClerx Services, Indian Energy Exchange, Anant Raj, REC, Aether Industries, Larsen & Toubro, Torrent Power, Enviro Infra Engineers, GR Infraprojects, and Adani Enterprises will be in focus on July 25.
Stocks To Watch, Jan 30: Stocks like eClerx Services, Tamilnad Mercantile Bank, Capital Small Finance Bank, Raymond, Samhi Hotels, IFB Agro Industries, Chalet Hotels, Jindal Stainless, Restaurant Brands Asia, SRF, Ask Automotive, Blue Dart Express, GR Infraprojects, Afcons Infrastructure, Sona BLW Precision Forgings, and 3M India will be in focus on January 30.
The rise in eClerx shares was in line with the broader rally in information technology stocks, fueled by optimism surrounding Donald Trump's potential return as US president.
The party in the midcap IT space is basking on expectations of strong growth prospects and reasonable valuations offered by this pocket in the market. Aside from these sectoral expectations, stock-specific triggers also led to the spike in several midcap IT names.
Experts suggest that unless Nifty 50 decisively climbs and sustains above 24,400—where the highest Call open interest is placed—the consolidation may continue, with support at the 24,000 mark. Here are some trading ideas for the near term.
Emkay Global Financial recommended hold rating on eClerx Services with a target price of Rs 2750 in its research report dated November 24, 2023.
The overall outlook for the Nifty Index leans favourably towards a positive scenario.
Emkay Global Financial is bullish on eClerx Services has recommended buy rating on the stock with a target price of Rs 2400 in its research report dated November 11, 2023.
Emkay Global Financial is bullish on eClerx Services has recommended buy rating on the stock with a target price of Rs 1940 in its research report dated September 21, 2023.