Stocks To Watch Today, Dec 26: Stocks like Bharat Forge, EPACK Durable. UltraTech Cement, Goa Carbon, Macrotech Developers, Religare Enterprises, Aditya Birla Capital, Snowman Logistics, Kalyani Cast-Tech, and Manorama Industries will also be in focus on December 26.
Given the improved sentiment after the counter-attack by bulls, the benchmark indices are expected to extend their upward rally amid possible consolidation. Below are some trading ideas for the near term.
Apollo Hospitals Enterprise, One 97 Communications (Paytm), Piramal Enterprises,Campus Activewear,IDFC First Bank, and Quess Corp will be in focus on Monday.
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.
Promoters buying their shares is a good enough sign that the stock may be undervalued but keep an eye on the quantum of purchase, say experts
While Dish TV and Subex gained over 10 percent on January 5, Snowman ended one percent higher and MTNL closed one percent lower
Gateway Distriparks, which is the promoter for Snowman logistics, bought 11 lakh shares or 0.66% shareholding in the logistics company.
Snowman Logistics has allocated around Rs 200 crore of capital expenditure to be invested in the next 24 months through a combination of internal accruals and debt.
Gateway Distriparks has acquired an additional 14 lakh shares in the logistics company through open market transactions at an average price of Rs 43.32 per share
Kacholia had held 5.7 lakh shares or 2.81 percent stake in the company as of March 2023. The stock fell 2.5 percent to Rs 190.
Kacholia held 2.11 percent stake or 7.5 lakh shares in D-Link as of March 2023.
Under the PM Gati Shakti plan, the policy will look to promote seamless movement of goods across the country