Stocks in Focus: Today the focus will be on stocks like NTPC, Tech Mahindra and TCS.
Market Outlook: Today (January 18) a strong start of trading in the domestic market amidst the rise in most of the Asian markets and the Nifty continues to rise. According to Siddharth Khemka, head-retail research of brokerage firm Motilal Oswal Financial Services, the market has climbed above the lower level and has been able to maintain the level above 18 thousand for the last two days. At the same time, the market is getting positive support from the quarterly results of the companies. Khemka has advised traders to buy on the downside and recommend a stock-specific strategy. According to Khemka, better profits can be earned in the near term on auto, tech, chemicals and fertilizer stocks.
Talking about individual stocks, today the focus will be on stocks like NTPC, Tech Mahindra, TCS, Metro Brands, Tata Power, Coffee Day Enterprises, Angel One and IL&FS Engineering & Construction. Whereas in intra-day today, experts are advising to bet on Grasim, Ramco Cements and L&T.
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Focus on these stocks today
- NTPC: NTPC, the country’s largest power producer, has set a target of raising about $ 750 million (Rs 5570 crore) through ECB (External Commercial Borrowing) to fund its other projects, including Renewable Energy, and on Monday received a request for proposal. (RFP) have been invited. It has a term loan of $500 million and a $250 million green shoe option.
- TCS: On Monday, the shares of the country’s largest IT company Tata Consultancy Services (TCS) reached a record price of Rs 4038.40 on the BSE. The company has announced share buyback of Rs 18 thousand crore at the rate of Rs 4500 per share. In the current round, buyback of 4 crore shares will be done, out of which 60 lakh share buyback has been reserved for small investors.
TCS Share Buyback: TCS has announced share buyback of Rs 18,000 crore, know how you can take maximum advantage of it?
- Tech Mahindra: Tech Mahindra has announced to buy 100 per cent stake in European company Com tec Co IT (CTC) and 25 per cent stake in two other IT platforms. The value of this deal was 330 million euros (Rs 2800 crore). After this acquisition, the company’s digital engineering and insurance technology business will be strengthened. The acquisition of CTC was the second biggest acquisition for the company. Earlier in April 2010, the company had acquired scam-ridden Satyam, which was the biggest for Tech Mahindra.
- Tata Power: Tata Power Renewable Energy Limited (TPREL), a 100% subsidiary of Tata Power, on Monday informed about the commissioning of two 50-50 MW solar power projects in Prayagraj and Banda in UP. These projects have been completed by TPREL. It is estimated that 22.13 crore units will be generated annually through these plants.
- Metro Brands: Footwear retail chain Metro Brands, which is invested by veteran investor Rakesh Jhunjhunwala, popularly known as Bill Bull in the Indian stock market, touched the upper circuit with a big jump on Monday. Interestingly, the stock, which jumped 20 per cent in a single day, was listed on December 22 last year with a huge decline of 13 per cent over the issue price.
Jhunjhunwala Portfolio: 20% jump in a single day, what is so special about this Jhunjhunwala investment stock?
- Coffee Day Enterprises: DLP Investment Managers has sold 28,26,540 equity shares of Coffee Day Enterprises at a price of Rs 70.2 per share on NSE.
- Angel One: The company’s profit for the December 2021 quarter increased from Rs 73.16 crore to Rs 164.54 crore on a year-on-year basis. At the same time, the company’s revenue also increased from Rs 306.79 crore to Rs 597.3 crore during this period.
- IL&FS Engineering & Construction: The board of directors of the company will consider and review the manpower plan on January 25.
- Results of these companies today: Today (January 18) Bajaj Finance, ICICI Prudential Life Insurance Company, L&T Technology Services, ICICI Securities, Tata Alexi, DCM Shriram, Anoop Engineering, Den Networks, Just Doyle, Jyothi Structures, Network 18 Media & Investments, Star Housing Finance, Trident And the results of companies like TV18 Broadcast will come.
Results of these companies today: Today (January 18) Bajaj Finance, ICICI Prudential Life Insurance Company, L&T Technology Services, ICICI Securities, Tata Alexi, DCM Shriram, Anoop Engineering, Den Networks, Just Doyle, Jyothi Structures, Network 18 Media & Investments, Star Housing Finance, Trident And the results of companies like TV18 Broadcast will come.
You can bet on these stocks in intra-day
According to Reliance Securities, today you can bet on Grasim, Ramco Cements and L&T in intra-day.
GRASIM: One can take long positions in the price range of Rs 1,896- Rs 1,882 with a target price of Rs 1990 and a stop loss of Rs 407.
RAMCOCEM: In the price range of Rs 1,016- 1,008, you can take a long position with a stop loss of Rs 989 and target price of Rs 1,054.
LT: In the price range of Rs 2,062- 2,050, you can take a long position with a target price of Rs 2095 and a stop loss of Rs 2095.
(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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