Stocks that were in action included Rain Industries which jumped 8.6 percent to Rs 191.35, the highest closing level since April 11, continuing uptrend for fourth consecutive session. The stock has formed bullish candle on the daily charts with significantly higher volumes
On the weekly chart, Kajaria Ceramics has confirmed “multiple resistance" breakout at Rs 1,100 levels. This breakout is accompanied with huge volume spurt indicating increased participation at breakout zone.
On the daily chart, Balaji Amines has confirmed a decisive breakout with gargantuan volumes and in the process, we can even see it traversing the '200-SMA' placed around Rs 3,200.
In the years before COVID disruptions, HSCL used to command premium operating margins, compared to peers such as PCBL and Rain Industries. However, in the past 10 quarters, this is not the case
What a fantastic setup we are having in Rail Industries, precise Bullish Butterfly pattern on daily chart with pair of spinning bottom near potential reversal zone of Rs 165-170.
Mahindra Holidays seems to have registered a consolidation breakout on huge volumes after remaining sideways for almost 9 weeks. Hence, sustaining above Rs 213 levels it can head higher to test its interim top of Rs 267 registered in the month of November 2021.
The company posted a consolidated net loss of Rs 97 crore in the December quarter against a profit of Rs 307 crore in the year-ago period
Here's what Jigar S Patel of Anand Rathi Shares & Stock Brokers recommends investors should do with these stocks when the market resumes trading today.
Here's what Ruchit Jain of 5paisa.com, recommends investors should do with these stocks when the market resumes trading today.
Rain Industries' capex run rate dropped in Q1 CY21 versus the average quarterly spend in CY20. This helps in better free cash flow and facilitates debt reduction
Though the Rain stock has firmed up since our last note by 22 per cent, we remain constructive as the valuations are still reasonable
The recent monthly production data of Goa Carbon indicates a pricing improvement for CPC (calcined petroleum coke)
Overall growth environment is fragile but we estimate that the near-term stress in the demand environment is already priced in Rain's valuations