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Editor's Stock Picks:
| SCRIP NAME | Recommended on | Rec. Price | High | Percentage |
|---|---|---|---|---|
| Kalyani Steels | 19.07.21 | 406 | 449 | 10.5% |
| Kirloskar Ferrous | 25.07.21 | 277 | 302.40 | 9.1% |
Watch for reversal in Just Dial and Rallis for the coming day. Enter the trade with a strict stop loss.
Note: We are not SEBI Certified Advisors, The above-mentioned Levels are just for Knowledge purposes, The investments in the stock market are very Risky, Trading in the stock market is not suitable for everyone. Prices of the stock often fluctuate, Resulting The investors losing their investment. You are solely responsible for trading. We are not responsible if anything happens during trading, you must consult your financial advisor before investing in the stock market
Nifty View
- Signs of indecisiveness are purely visible in the market. But as we discussed yesterday the market was reacted to corporate results negatively.
- Breaking 15,780 levels may trigger more profit booking in the market. A bullish sign is only above 15,900.
- Global cues are slightly negative. As last days watch for IT sector to give a move.
- Open interest shows a negative bias in the market. So 15,600 - 15,900 will be the range for coming expiry too. The cues indicate more negative movement.
- A sharp rise in oil price is also accounted for the negative bias in the market.
Stocks in News:
- L&T Q1: Net Profit Down 64 % To Rs 1174 cr (QOQ), up 346 % YOY. Revenue down 39 % To Rs 29334 cr (QOQ), Up 36 % UP.
- AXIS BANK Q1: Net Profit Down 19 % to Rs 2160 cr (QOQ), 97 % Up YOY. NII up 2.5 % To Rs 7757 cr (QOQ), Up 11 % YOY
- Tata motors Q1: Net Loss of 4450cr v Rs 7605 cr (QOQ), Rs 8437 cr loss YOY. Revenue down 25 % To Rs 65,555 cr (QOQ), Up 205 % YOY
- Tata Motors said that the capacity shortage for semi-conductor production was structural and the company is expecting the supply stress to continue into the second quarter.
- Indiabulls Housing: Societe Generale has sold 33.3 lakh shares, representing 0.72% stake, of Indiabulls Housing Finance at Rs 289.33 a share, through a bulk deal on NSE.
- Voltas & Tata Power: Voltas has tied up with Tata Power Delhi Distribution to launch a scheme offering a 40% discount on energy-efficient air-conditioners to its customers.
- Cement demand to increase on housing, infrastructure projects: UltraTech Chairman Kumar Mangalam Birla.
Major Quarterly Results on 27.07.2021:
- Indusind Bank
- Dr. Reddy
- Canara Bank
- Ramco Cement
- Dixon Tech
