Stocks to Watch, 22 August: Stocks like Hindustan Unilever, Wipro, Apollo Hospitals Enterprise, Hikal, GHV Infra Projects, Texmaco Rail and Engineering, Vedanta, Titagarh Rail Systems, and R Systems International will be in focus on August 22.
The Nifty 50 is expected to remain rangebound before moving in a firm direction. Below are some trading ideas for the near term.
The Nifty 50 index is expected to find support in the 25,000 to 24,800 zone.
Experts advised focusing on the 24,200-24,000 levels on the downside for the Nifty 50, and 24,850-25,000 on the higher side, while continuing with a buy on dips strategy on Budget day. Here are the top Budget-sensitive stocks to bet on and their levels to watch.
The Nifty 50 needs to sustain 24,500 for a further upward journey towards the 24,800 level, with immediate support placed at 24,400. Here are some trading ideas for the near term.
The Nifty 50 needs to give a decisive close above 24,200 for a further northward journey towards 24,500, with support at 24,000. Here are some trading ideas for the near term.
In the upcoming week, immediate resistance for Nifty 50 is anticipated at 22,180. Breaching this level might induce short covering in index futures.
Anand Rathi is bullish on Hikal has recommended buy rating on the stock with a target price of Rs 390 in its research report dated April 18, 2024.
Hikal's revenue came in at Rs 448 crore, down 17 percent from the year-ago quarter of Rs 540 crore.
Hikal Q2 earnings: The company had reported a consolidated net profit of Rs 6.92 crore in the first quarter of the current fiscal