Stocks to Watch, 16 January: Stocks like Infosys, ICICI Prudential Asset Management Company, HDB Financial Services, Nuvoco Vistas Corporation, Angel One, 360 ONE WAM, South Indian Bank, Swaraj Engines, Waaree Renewable Technologies, Biocon, and RailTel Corporation of India will be in focus on January 16.
UltraTech Cement, Maruti Suzuki India, Sun Pharma Advanced Research Company, Glenmark Life Sciences, Hindustan Zinc, Godawari Power and Ispat, Manappuram Finance, Jubilant Pharmova, and Strides Pharma Science will also be in focus on Monday.
The Sun Pharma Advanced Research Company stock has gained 40 percent this year against a 4 percent rise in the benchmark Nifty50
The experts further advised to continue with the buy-on-dips strategy till the index holds 19,600-19,500 on the downside
The BSE stock has seen a breakout of falling resistance trendline adjoining March 15 last year (record high) and August 24 this year. The stock climbed over 6 percent to Rs 967.8 and formed long bullish candlestick pattern on the daily timeframe with above average volumes.
There has been a significant increase in clinical trial expenses, product development expenses, and professional charges during the last quarter of financial year 2022-23.
The paper stocks were buzzing last week as we witnessed buying interest in some of the counters with good volumes. Satia Industries has seen a breakout from a long consolidation phase and has resumed its uptrend with a ‘Higher Top Higher Bottom’ structure