The market may remain consolidative with rangebound trading until the August high is decisively broken. Below are some short-term trading ideas to consider.
Overall, the technical setup appears weak, but with the monthly August expiry approaching, any positive trigger could spark a strong short-covering rally in the Nifty 50, said Centrum’s Nilesh Jain.
The market is expected to remain rangebound until the frontline indices reclaim and sustain above last week's high. Below are some short-term trading ideas to consider.
HBL Engineering's Q1 consolidated net profit soared 79% year-on-year to Rs 143 crore
Stocks to Watch, 7 July: Stocks like IndusInd Bank, Bank of India, Godrej Consumer Products, Dabur India, Senco Gold, Rail Vikas Nigam, Hazoor Multi Projects, BEML, Mahindra Lifespace Developers, Shilpa Medicare, and Tata Steel will be in focus on July 7.
The contract, spanning 12 years, was initially awarded in July 2023 to a consortium comprising Olectra and Evey Trans Pvt Ltd.
Heavy Industries Ministry will launch a tender in May 2025 to procure buses under PM E-DRIVE Scheme, reported CNBC-TV18 citing sources
Olectra Greentech has reported a 156.45 percent year-on-year (YoY) jump in net profit at to Rs 47.7 crore for the second quarter that ended September 2024.
Stocks like Max Financial Services, ICICI Prudential Life Insurance Company, Mahindra & Mahindra Financial Services, IIFL Securities, Can Fin Homes, Shoppers Stop, Chennai Petroleum Corporation, and Cigniti Technologies will also be in focus on October 23.
The scheme provides subsidies worth Rs 3,679 crore to encourage the use of battery-powered two and three-wheelers, ambulances, trucks, and other emerging EVs.
Olectra Greentech shares surged over 12% after reporting a 34% YoY jump in net profit and a 45% YoY increase in revenue for Q1FY25, with strong EBITDA and EPS growth.
NMDC, Housing & Urban Development Corporation, 63 Moons Technologies, Indian Railway Finance Corporation, Camlin Fine Sciences, Kotak Mahindra Bank, Wipro, and Aditya Birla Sun Life AMC will also be in focus on Tuesday.
Despite elevated volatility, the market is expected to maintain an upward journey in the coming sessions, along with intermittent consolidation.
Olectra Greentech’s consolidated net profit declined to Rs 13.71 crore from Rs 27.01 crore in the year-ago period
Olectra Greentech's holding company Megha Engineering & Infrastructures Ltd was found to be the second highest purchaser of electoral bonds