The market may attempt to continue its upward journey amid rangebound trading in the upcoming sessions. Below are some short-term trading ideas to consider.
Stocks to Watch, 25 Apr: Stocks like SBI Cards and Payment Services, SBI Life Insurance Company, Aavas Financiers, Tanla Platforms, Nelco, RITES, Power Grid Corporation of India, Wipro, Bannari Amman Spinning Mills, Bharat Heavy Electricals, and Gujarat Industries Power Company will be in focus on April 25.
According to a filing, the board of directors has also recommended a final dividend of Rs2.20 per share for the financial year ending March 31, 2024.
On the higher end, finding resilience is challenging in uncharted territory, though 22,600-22,650 could be seen as the following potent targets for Nifty in the current week.
NELCO has agreed to make an initial investment of Rs 99,99,100 to subscribe to 1,111 equity shares of Rs 10 each. This initial investment represents 9.09 percent of the paid-up capital of Piscis Networks.
Nuvoco Vistas Corporation has broken out on the daily chart from the downward sloping trendline, adjoining the highs of September 20, 2022 and February 8, 2023.