Stocks in Focus: These stocks including Rategain Travel, Wipro and Yes Bank will be in focus today.
Stocks in Focus: In this trading week, the domestic benchmark index has fallen by more than 1.5 percent. The chart pattern indicates that Nifty may move up and down in a range in the short term. According to Nagraj Shetty, Senior Technical Analyst, HDFC Securities, if the market manages to maintain the support level of 17180-17200, then after this bearish pattern is showing signs of bounce from lower levels in the coming trading days. According to Shetty, if Nifty climbs above this level, then in the near term Nifty can break the resistance level of 17550-17660 again. Talking about individual stocks, today the focus will be on stocks like Rategain Travel, Wipro, Indiabulls Housing Finance, Yes Bank, JSW Steel and NTPC.
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Focus on these stocks today
- RateGain Travel Technologies: Shares of RateGain Travel will be listed on the exchange today. Its IPO received an overwhelming response from investors and the portion reserved for all categories was oversubscribed.
- Wipro: IT giant Wipro has announced that it has entered into a deal to buy American systems integrator LeanSwift Solutions of Infor Products. Wipro will buy 100% stake in LeanSwift and for this it will pay an amount of $ 21 million in cash. The deal is expected to be completed by March 31, 2022, next year.
- Indiabulls Housing Finance: Samir Gehlot, the promoter of Indiabulls Housing Finance, on Thursday sold his 12 per cent stake through promoter companies and has now become a fully professionally managed company.
- Yes Bank: The board of directors of the private sector giant is going to meet next week. This includes equity shares, depository receipts, convertible bonds. Fund raising by issue of debentures or other equity-linked securities will be considered. For this, approval has to be taken from the shareholders or the regulator.
- JSW Steel: JSW is going to build a steel plant worth Rs 55 thousand crore in Jagatsinghpur district of Odisha. The company has announced a Special Rehabilitation and Resettlement (R&R) compensation package for the person affected by this plant scheme.
- NTPC: Union Energy Minister RK Singh has informed that to control pollution, Flue Gas Desulfurization (FGD) system has been installed for NTPC’s coal-fired 1340 MW plant.
Advice to bet on these stocks in intra-day
According to Reliance Securities, today you can bet on Divislab, HAL and TCS in intra-day.
- DIVISLAB: In the price range of Rs 4550- 4580, take a long position with a target price of Rs 4720 and a stop loss of Rs 4530.
- HAL: In the price range of Rs 1265- Rs 1275, you can take a long position with a stop loss of Rs 1252 at the target price of Rs 1305.
- TCS: In the price range of Rs 3550- Rs 3580, you can take a long position with a target price of Rs 3750 and a stop loss of Rs 3500.
(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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