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Friday, January 28, 2022

Stocks in Focus: Today focus on these stocks including Titan-HAL, experts are recommending these stocks for intra-day

Stocks in Focus: During trading today, focus will be on other stocks including Titan, HAL and Gujarat Hotels.

Market Outlook: Domestic equity benchmark index Nifty 50 rose for the fifth consecutive day on Thursday and rose to a two-and-a-half-month high and has formed a dragonfly doji pattern. According to brokerage firm Reliance Securities, this pattern is showing signs of slippage in it. However, it will be confirmed only after going to the next lower candle. Talking about technical signals, they are positive on the short term timeframe charts but the possibility of a near-term downside cannot be ruled out. If there is a fall in Nifty, then it can get support at 18100-18050 zone and if we talk about higher side then it may have to face resistance at 18350. Talking about individual stocks, today the focus will be on stocks like Mindtree, Titan, HAL, TCS, Wipro, Infosys, HCL, Gujarat Hotels, HDFC Bank and Metro Brands during trading.

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Today the focus will be on these stocks

  • Mindtree: Mindtree’s profit grew on a quarterly basis in the December 2021 quarter. The company had a profit of Rs 398.9 crore in the September quarter, while in December 2021 it made a profit of Rs 437.5 crore. At the same time, revenue also jumped to Rs 2750 crore from Rs 2586.2 crore in the September quarter.
  • Titan: Big Bull Rakesh Jhunjhunwala has increased his stake in Titan Company included in his portfolio. According to the company’s December quarter results, Jhunjhunwala has increased his stake to 4.02 per cent from 3.80 per cent in the September quarter. However, his wife Rekha Jhunjhunwala’s stake remained at 1.07 per cent in the December 2021 quarter.
  • Tata Consultancy Services (TCS): The country’s largest IT company Tata Consultancy Services (TCS) saw tremendous buying in its shares on Thursday after the spectacular results and announcement of share buyback and dividend. Market analysts have now expressed the possibility of a 30 percent further jump in its price. TCS posted a 12.2 per cent year-on-year profit margin of Rs 9,769 crore in the December quarter. The company has declared interim dividend of Rs 7 per equity share and has also approved share buyback up to Rs 18,000 crore at a value of Rs 4,500 per share.

TCS Outlook: TCS prices up 2% after quarterly results; Market experts expressed the possibility of 30% increase, check target price

  • CASE: Rating agency Icra has upgraded the company’s long term rating from AA to AA+ and stabilized the outlook from positive.
  • Infosys: Due to the excellent results, there was good buying in its shares on Thursday and various brokerage firms also increased the target price for investing in it. The country’s second largest software company Infosys reported a 11.8 per cent year-on-year increase in net profit to Rs 5,809 crore in the third quarter of October-December 2021.

Stock Tips: Infosys prices jump after quarterly results, market experts increase target price

  • Wipro: After the weak results on Wednesday, the sentiment of investors deteriorated and there was heavy selling in the shares on Thursday. IT giant Wipro’s December quarter revenue jumped nearly 2 per cent year-on-year to Rs 19489.93 crore and is projected to grow by 2-4 per cent at constant currency prices in January-March 2022 for the quarter.

Wipro Outlook: Wipro shares fall by 6%, poor results spoiled investors’ mood, experts gave this advice to investors

  • The results of these companies will come: Today the results of other companies including HCL, Gujarat Hotels, International Travel House and tomorrow i.e. on January 15, HDFC Bank, Metro Brands and Agro Industries will be declared.

You can bet on these stocks in intra-day

According to Reliance Securities, today you can bet on Grasim, TCS and Vedanta in intra-day.

  • GRASIM: In the price range of Rs 1880-1900, short positions can be taken with a target price of Rs 1820 and a stop loss of Rs 1920.
  • TCS: In the price range of Rs 3840- 3870, you can take a long position by placing a stop loss of Rs 3800 on the target price of Rs 4030.
  • LED: In the price range of Rs 334- Rs 338, you can take a long position with a target price of Rs 352 and a stop loss of Rs 330.

(The stock recommendations given in the story are those of the respective research analysts and brokerage firms. 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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