The Goods and Services Tax (GST) rate on tobacco products has been hiked to 40 percent, but brokerages believe the move will be neutral or positive for tobacco companies.
Stocks to Watch, 5 August: Stocks like One 97 Communications Paytm, Aurobindo Pharma, Aditya Infotech, Laxmi India Finance, DLF, Siemens Energy, Inox India, Godfrey Phillips, and Azad Engineering will be in focus on August 5.
The consolidation is expected to continue until the Nifty 50 delivers a strong close above the midline of the Bollinger Bands. Below are some short-term trading ideas to consider.
Ashish Kyal is expecting July series to be in positive for Bank NIfty as long as 56,600 remains protected on the downside for a move to 59,000 levels.
Stocks to watch, 16 May: Stocks like Onesource Specialty Pharma,One 97 Communications Paytm,Industrial Investment Trust, Alkem Laboratories, Bajaj Auto, Godfrey Phillips India, Endurance Technologies, Bikaji Foods International,Godrej Industries, Bharti Airtel, Infosys, JSW Energy, LIC Housing Finance, and Allied Blenders and Distillers will be in focus on May 16.
Stocks To Watch, Feb 14: Stocks like Kalpataru Projects, Hindustan Construction Company, Nirlon, Nazara Technologies, Deepak Nitrite, Allcargo Logistics, R Systems International, Manappuram Finance, Titagarh Rail Systems, Carborundum Universal, Gujarat Pipavav Port, UltraTech Cement, and Mahindra Lifespace will be in focus on February 14.
The benchmark index is expected to be rangebound, with support at Wednesday's low. Below are some trading ideas for the near term.
Stocks like Garden Reach Shipbuilders & Engineers, NLC India, Aditya Birla Capital, Power Grid Corporation of India, Godfrey Phillips India, Varun Beverages, RITES, SIS, Suditi Industries, and Kilburn Engineering will also be in focus on November 21.
Stocks like Prestige Estates Projects, Aptus Value Housing Finance India, Gujarat Mineral Development Corporation, Pidilite Industries, Camlin Fine Sciences, and Shreyas Shipping will also be in focus on Friday.
Stocks like Mankind Pharma, Indian Energy Exchange, NHPC, BGR Energy Systems, PDS, Jindal Stainless, and Medi Assist Healthcare Services will also be in focus on September 4.
Godfrey Phillip's topline is supported by unmanufactured tobacco export of Rs 300 crore in Q1 FY25 which continues to show an upward trend, said CEO Sharad Aggarwal.
The Delhi court added Samir Modi's reappointment needs to be done under the Companies Act. The court also asks Bina Modi not to take steps to defeat the candidature of Samir.
The court restrained Bina Modi, the chairperson and managing director of the KK Modi group, from ousting Samir Modi from the board of the group, the news channel said.
The Nifty 50 is expected to consolidate in the coming days, with support at 23,400 and resistance at 23,700. Here are some trading ideas for the near term: