Stocks in Focus: During the business today, there will be focus on many stocks including Future Retail, Bharti Airtel, Voda-Idea and Paytm.
Market Outlook: Most of the trading days in the new year were bullish and the Sensex and Nifty again strengthened on Monday. On Monday, both the domestic benchmark indices Sensex and Nifty strengthened by more than 1 percent and market analysts believe that after a slight weakness, the market has returned again, which may remain. According to Nagraj Shetty, Technical Research Analyst of HDFC Securities, Nifty can reach 18200/18350 in a week. Nifty is getting immediate support at the level of 17870. Talking about individual stocks, during trading today, the focus will be on many stocks including Future Retail, Bharti Airtel, Voda-Idea, Reliance, Paytm, RailTel, DMart and 5PaisaCapital.
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Today the focus will be on these stocks
- Future Retail: Amazon has filed a petition in the Supreme Court against the order of the Delhi High Court. The High Court has ordered a stay on the arbitration process initiated against Future Retail on Amazon’s petition in the Singapore Tribunal.
- Bharti Airtel, Voda-Idea, RIL: In the second quarter of the current financial year, July-September 2021, the gross revenue of telecom companies declined by 1.36 on an annual basis to just Rs 67,300 crore. However, according to the telecom regulator TRAI, during this period
- The Adjusted Gross Revenue (AGR) of the telecom industry increased by 17.07 percent to Rs 53510 crore.
- Paytm: Digital payments company Paytm’s loan book grew more than four times in the December 2021 quarter. Loans on the Paytm platform grew more than four times in terms of both number and value.
- RailTel Corporation of India: RailTel Corporation of India has announced a dividend of 17.5 percent of the paid-up share capital for the financial year 2021-22. The company will give a dividend of about Rs 56 crore.
- Avenue Supermarts (DMart): Hypermart chain DMart’s net profit grew 23.62 per cent year-on-year in October-December 2021, but due to its low margins, investor sentiment deteriorated and there was selling pressure a day earlier.
Stock Tips: Shares of DMart slipped after quarterly results, despite a 24% jump in profits, prices fell, experts gave this advice
- 5PaisaCapital: Consolidated profit declined to Rs 0.74 crore in the third quarter December 2021 of the current fiscal from Rs 3.18 crore in the same quarter a year ago. However, the revenue during this period increased from Rs 49.56 crore to Rs 80.05 crore.
- Results of these companies today: Today many companies including Dela Corp, National Standard, Ganesh Housing Corporation, Radhe Developers (India) will announce the December quarter results today.
You can bet on these stocks in intra-day
According to Reliance Securities, today you can bet on Marico, Star and Power Grid in intra-day.
- MARICO: In the price range of Rs 498-504, you can take a long position with a target price of Rs 524 and a stop loss of Rs 494.
- STAR: In the price range of Rs 444- 448, you can take a long position by placing a stop loss of Rs 440 at the target price of Rs 470.
- POWERGRID: In the price range of Rs 207- Rs 209, short positions can be taken with a target price of Rs 200 and a stop loss of Rs 211.
(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.
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