Wipro along with the whole IT sector has been correcting and now consolidating from the past 3 weeks. After stellar performance in the second quarter of FY 2021-22, IT sector is preparing for another bull run. This time along with TCS, Infosys and Wipro will also make new highs.
My choice for short term and intraday is Wipro, CMP 660/- for targets of 684, 720 and...
Crude prices has been continuously rising, and the immediate benefactor is the natural gas. With tremendous pressure on energy global supply chains gas companies are struggling to fulfil the outgoing demand. ONGC, which has also seen a hike in gas prices have reported record profits for this quarter.
I have been bullish on ONGC since 110/- levels. And the reasons...
There has been a significant uptick in retail loans sanctioned by the over all finance industry. Also with the economy recovering from the sluggishness, will improve the NPA and give additional income in the form of interests to the finance companies.
Bajaj Finance which is ascending slowly, is struggling to give a close above 8000 level. As soon as it gives a...
Cement sector has gone under time wise and price wise correction form the past 10 days.
Also the recent launch of Gati mission by Hon’ble PM, expands the horizon of infrastructure development in India which would aid -
1. Efficient Logistical support
2. Enable better mobility and connectivity
3. Promote local trades
4. Real Estate development as whole.
These...
Seeing the past performance and recents pacts of the company which have taken place in the last 3 months, it is bound to outperform its past revenue.
CMP 643/-
SL - 630/-
Target 700+ (trailing)
Gas prices are rising globally. Similarly, ONGC and GAIL, are trading at higher prices. It will have a spill over effect on Gas infrastructure and distribution companies like Gujgas and IGL.
Also Gujgas is trading at a crucial support price of 612/-
Buy Gujgas with a small SL of 590/- and targets of 700 in 30 days.
Positional trade.
Looking at the FMCG sector and the overall market scenario, Godrejcp is a good bet, as it is underperforming amongst it peers which are already making all time highs. It is widely known, that if and when the market gets greedy FMCG sector is a safe place to invest in. Hence, it will be one of the factors that will give it a decent move and support in case the...
1. After accumulating for almost 20 days, the stock is forming it’s base at ₹130 (Decade old highs).
2. With the ongoing policies of the government pertaining to power sector to streamline DISCOMS, and push towards electric cars, will impact the performance of the stock positively.
3. Increased infrastructure in states like Jharkhand and Odisha will also give it a...
Cement sector as a whole has been subdues in the ongoing bull run. There is also decent accumulation in the price band of 26500-27900. As per the specifics and fundamentals, there is going to be some moderate buying in this sector owing to the RIGHT PRICE.
I would suggest to invest in future and hold till September. Don’t put SL, instead buy if it comes to levels...
