Stocks in Focus: During the business today, the focus will be on these stocks including Reliance and HDFC Life.
Market Outlook: On the first trading day of 2022 (January 3) this year, there are signs of slight fluctuations in Sensex and Nifty 50. Last year, the Sensex had gained 21 per cent, while BSE Mid-cap had gained 38 per cent and BSE Small-cap had gained 61 per cent. On the other hand, if we talk about Nifty, it had strengthened 23 percent. Technical analysts believe that Nifty may see a bullish trend in the short term. According to Nagraj Shetty, Technical Research Analyst, HDFC Securities, Nifty may see a bullish trend in the short term and if it stays above 17640 then it may see a further bounce. Right now it is getting immediate support at the level of 17260. Talking about individual stocks, today the focus will be on Reliance, HDFC Life, Exide Industries and auto stocks.
Join here for Live Updates related to Stock Market
Today the focus will be on these stocks
- Maruti Suzuki India: Sales of Maruti Suzuki India, the country’s largest car maker, fell nearly 4 per cent year-on-year in December last month. In December 2021, the company sold only 1,53,149 cars, while a year ago in December 2020, the company sold 1,60,226 units.
- Tata Motors: In the third quarter October-December 2021 of the current financial year, Tata Motors sold 1,99,633 vehicles in the domestic and international markets, while in the third quarter October-December 2020 of the last financial year 2021, the company sold 1,58,218 vehicles. That means there has been a jump in sales. on the other hand
- Escorts: Tractor sales giant Escorts declined 39.3 percent in December 2021. The company sold only 4695 tractors in the last month of last year, whereas a year before that in December 2020, the company sold 7733 tractors.
- Mahindra & Mahindra: Talking about Mahindra & Mahindra, in the last month, its sales showed double-digit growth on a yearly basis. The company had sold 39,157 vehicles, 11 percent more on an annual basis in December 2021. However, there was a decline in the sales of the company’s tractors. The company sold 16687 tractors in December 2021, while a year before that in December 2020, the company sold 21173 tractors.
- Reliance: Reliance, owned by veteran businessman Mukesh Ambani, on Saturday informed about the plan to raise about $ 500 million (Rs 37.2 thousand crore) in the form of foreign bonds. It will be used to pay off existing loans. According to the information given to the stock exchanges, the Finance Committee of the company board in its meeting held on Saturday approved the proposal to issue these unsecured fixed-rate notes in US dollars in multiple consignments from time to time.
- HDFC Life: HDFC Life Insurance Company has informed about the completion of acquisition of Exile Life Insurance Company. This acquisition has received all regulatory approvals. Exide Life will now operate wholly as a subsidiary of HDFC Life.
You can bet on these stocks in intra-day
According to Reliance Securities, today you can bet on Bosch, Bata India and Hindalco in intra-day.
- BOSCH: You can take long positions in the price range of Rs 17,100- Rs 17,000 with a target price of Rs 17,900 and a stop loss of Rs 16,600.
- BATAINDIA: In the price range of Rs 1,850- 1,840, you can take a long position with a stop loss of Rs 1819 and target price of Rs 1915.
- HINDALCO: In the price range of Rs 472-469, a long position can be taken with a target price of Rs 488 and a stop loss of Rs 464.
(The stock recommendations given in the story are from the respective research analyst and brokerage firm. Financial Express Online takes no responsibility for the same. Investments in capital markets are subject to risks. Please consult your advisor before investing.
Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.
.