Stocks to watch, 24 Apr: Stocks like Syngene International, Wendt India, Supreme Petrochem, 360 ONE WAM, Can Fin Homes, Rallis India, Tata Teleservices (Maharashtra), Tamilnad Mercantile Bank, Filatex India, Biocon, Niva Bupa Health Insurance Company, Spandana Sphoorty Financial, and Bajaj Finance will be in focus on April 24.
The experts further advised to continue with the buy-on-dips strategy till the index holds 19,600-19,500 on the downside
From a technical standpoint, nothing has altered last week (ending November 24) as the Nifty was rangebound. Therefore, we continue to hold the belief that the outlook is to buy on dips.
Till the time the Nifty does not surpass the 19,550 – 19,600 level on a closing basis, one should avoid being complacent and ideally, it’s better to avoid aggressive trades, according to experts
Finolex Cables continued its uptrend for yet another session, rising 9 percent to Rs 978 and formed healthy bullish candlestick pattern on the daily charts with significantly higher volumes. The stock has given a breakout of downward sloping resistance trendline adjoining highs of May 8 and July 13, which is a positive sign.
Triveni Engineering was also in action, rising nearly 4 percent to Rs 286.35 and moved closer to the high of September month, forming strong bullish candle on the daily charts with above average volumes.
Tata Teleservices turned out to be the second biggest gainer in the BSE 500 index, rising 1,451 percent, in the last one year
A meeting of board of directors of the company is scheduled to be held on February 8 to consider and approve the financial results for the quarter and nine months ended December 2021
The net present value of the interest is expected to be about Rs 850 crore and is subject to confirmation by the department of telecommunications