Target :- 420/480
SL: 240 (closing basis)
Reason : Technically bullish and trading at support . Investment in OakNorth Holdings yields annualized IRR of 48% over 6 years. Has partnered with HDFC could turn its fortune.
Global outlook is bearish, Almost all index has ended up or trading in red.
Domestically things are tight due to surge in inflation , chip and coal shortage and all but upcoming festival could recover the economy significantly, so market may swing any way.
After giving breakout of Ascending triangle, it does show the move of 200+...
Target : 172/200/ATH
SL: 118 (closing basis)
Reason : The government announced the framework for the implementation of Market-based Economic Despatch – Phase 1, a new set of reforms that will nudge the power sector away from power purchase agreements towards market-based price formation.
The move is a shot in the arm of power exchange platform Indian Energy...
Target : 200/208/215/225/235
SL : 179
Reason : Exide Life stake sale boosts EXID balance sheet considerably, with overn Rs 60b worth of stake in HDFC Life now available at its disposal. With EXID possibly looking to invest in lithium-ion cell manufacturing under the PLI scheme, this monetization of the Insurance business could not have come at a better time.
Chart look beautiful for both short and long term.
Target : 360 / 395 / 410
Stop Loss : 322 (closing basis)
Reason : Did better than others in September sales report(register growth), EV segment register highest ever monthly and quarterly sales , Car and SUV demand seems robust.
Target : 350+
SL : 290 ( closing basis)
Reason : Oil price on High , eyeing on Green power and green Hydrogen Opportunities, Participation in Ethanol Manufacturing plant to meet the 20% ethanol blending target by 2025.
Target : 530+ and Long term: 850++
SL : 395 ( closing basis)
Reason : Increasing its foray into Ethanol Production, Govt. making mandatory to make flexible engine to support the Ethanol blending with petrol .