Stocks to Watch Today, 28 July: Stocks like Kotak Mahindra Bank, Central Depository Services, Balkrishna Industries, Orient Cement, Tata Chemicals, Poonawalla Fincorp, VA Tech Wabag, RITES, Sigachi Industries, and Ola Electric Mobility will be in focus on July 28.
Stocks to Watch, 29 Apr: Stocks like RPG Life Sciences, Adani Green Energy, Oberoi Realty, Fino Payments Bank, KFin Technologies, Plastiblends India, Hatsun Agro Product, AWL Agri Business, Adani Total Gas, Nippon Life India Asset Management, Firstsource Solutions, Go Digit General Insurance, and Greenply Industries will be in focus on April 29.
The Nifty may consolidate at current levels with support at 24,500-24,400 levels before climbing towards the 24,700-24,800 zone in the coming sessions. Here are some trading ideas for the near term.
RPG Life Sciences reported a net profit of Rs 25.9 crore, higher by 29.5 percent year-on-year
RPG Life Sciences on Friday reported a 15 percent year-on-year (YoY) increase in revenue from operations for Q1FY24 at Rs 148 crore as compared to Rs 129 crore reported in Q1FY23.
Coromandel International has surpassed its 50 DEMA resistance. It has formed higher top and higher bottom on daily line chart. It is on the verge of breaking out from downward sloping trend line on the daily charts. Volumes have gone up along with the price rise recently.
Paper stocks have been outperforming for last couple of months and sector has been holding strength on medium to long term charts.
RPG Life Sciences was another stock that we selected for trade spotlight, rising 4 percent to end at record closing high of Rs 855.80. It has seen high wave kind of pattern formation on the daily charts, and bullish candle for fifth consecutive month.
Indicators and oscillators like MACD (moving average convergence and divergence) and RSI have turned bullish on the weekly charts. KIMS is placed above all important moving averages, indicating bullish trend on all time frames.
RPG Life Sciences has broken out from the Bullish Flag pattern on the daily chart. Stock has been forming higher tops and higher bottoms on the daily charts. Recently the stock price registered fresh all-time high at Rs 804 and current levels are very near to that level.
Given the expiry week, there could be volatility with also focus on global cues. If the index fails to sustain Friday's low of 17,710 then we can see further selling pressure, experts said.