Stock Market in Action – These stocks including United Breweries, Samvardhan Madrasan will be in action
Stock Market in Action – Amid rising volatility in the stock market, Sensex-Nifty are trading with gains, but midcap and smallcap remain in decline. In such a situation, investors are eyeing some select big stocks, which are expected to give good returns in the next few days. Let us know which are today’s big stocks.
Focus on United Breweries
Slight pressure on profits despite strong growth in Q3
Volume growth: 8%
Premium volume growth: 33%
Good sales in Kingfisher Ultra, Ultra Max and Heineken Silver
Will benefit from rising prices in Telangana
Eye on Delhi’s new excise policy
Opportunity to buy on dips, likely to give good returns in the long term.
Samvardhana Motherson
One of the major suppliers of Tesla
Positive sentiment due to the meeting of PM Modi and Elon Musk
Stock down 40% from its peak, good chance of reversal
Buying on the support of 100 WMA
OI (Open Interest) at a quarter high
Q3 results are to come today, so investors will keep an eye on the stock.
Cipla – Strong contender in the pharma sector
Strong rally in yesterday’s price action
Crossed 20 DEMA and 50 DMA
Good delivery buying continues for 3 days
Short covering seen in futures yesterday
Pharma sector remains strong, a strong option for investors. Manappuram Finance (RED) – Stock under pressure after Q3 results
Weak Q3 results, profit declines
Don’t sell after big gap-down
Stock futures banned
Investors will keep an eye on the possibility of M&A deal
Deepak Nitrite (RED) – Stock under pressure after Q3 results
Weak Q3 results, profit drops 51%
Revenue drops 45% to Rs 98 crore
PBIT margin falls to 13.9% in Advanced Intermediate segment against 3.1%
Pressure in short term, but it may be beneficial for long term investors to keep an eye on it
Market Outlook
Sensex-Nifty strong, but midcap-smallcap weak
Samvardhan Madrasan, United Breweries and Cipla are good options for investors
Manappuram Finance and Deepak Nitrite under pressure in the short term, but reversal likely in the long term
Do you like any of these stocks? Or are you keeping an eye on any other stock?
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