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After polls these stocks recommended
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IANS | 25 May, 2019
The markets witnessed a rally on Thursday and are expected to perform well in the near term, brokers have said.
According
to Kotak Securities, attractive stocks across market cap among
corporate banks were ICICI Bank and State Bank of India. In the mid- and
small-cap segment the Federal Bank was the top pick.
Larsen and
Toubro in the capital goods segment, Power Grid in the power segment,
Zee Entertainment, Mahindra and Mahindra and HDFC Ltd in other key
sectors.
Among the mid- and small-caps stocks like Aegis
Logistics, Apollo Tyres, Cyient Ltd were recommended by Kotak
Institutional Equities.
It also pointed out that sectors like
capital goods, construction, building materials, corporate banks, power
equipment, housing finance companies and rural-focused companies will
benefit the most over the next one year.
Romesh Tiwari, Head of
Research, CapitalAim recommended buying Ashok Leyland, DLF,
Cholamandalam Investment and Finance, ICICI Bank and ACC.
Tiwari
recommended Ashok Leyland as the decline in the net profits for the last
quarter is already discounted in the price and the company is expected
to recover and grow. For the short term the stock can move to 110 with
support lying around 85-87. Recommend buying on dips.
DLF has
shown sharp upmove from 161 levels and expected to continue this
momentum to test 202 levels in next week. The support lies around
185-187 for short term and can be bought on any decline around that
levels. Intermediate and long term is still negative for the stock so
strict stop loss should be maintained in case it falls below 185.
ACC
is overall in a bullish trend since and ICICI Bank as it breached
all-time high of 411 levels and now continue to trade around there.
KEC International, India Cement and Edelwiss were the recommended stocks by Mustafa Nadeem, CEO, Epic Research.
KEC
as the stock has given the breakout of the flag pattern on the daily
chart on a closing basis. Nadeem recommended buying above 313 for the
target of 317 with the stop loss of 310.
India Cement, Nadeem
said has outperformed well with volume breakout and closed near today's
high. It also gave closing above 200 EMA on the daily chart. He
recommends buying above 116 for the target of 118 with the stop loss of
114.
Edelwiss is forming an inverted flag on the hourly chart and
trading at upper trendline of the flag. Nadeem recommended selling
around 187 for the target of 184 with the stop loss of 190.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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84.35
|
82.60 |
UK Pound
|
106.35
|
102.90 |
Euro
|
92.50
|
89.35 |
Japanese
Yen |
55.05 |
53.40 |
As on 12 Oct, 2024 |
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