Trade Spotlight | What should investors do with Paras Defence, Bharti Airtel, SBI and Metropolis Healthcare?

Asia's Tech News Daily

#Bharti Airtel, #Market Edge, #Metropolis Healthcare, #Nifty, #Paras Defence and Space Technologies, #Sensex, #State Bank of India, #Stocks Views, #Technicals

The market extended losses for the second session, with the Sensex losing 456.09 points to close at 61,259.96 and the Nifty ending 152.20 points lower at 18,266.60 on October 20.

All sectors, barring PSU Bank, closed in red with auto, FMCG, metal and pharma losing up to 2 percent. The broader markets were hit hard, with the Nifty midcap and smallcap indices falling over 2 percent each.

Some stocks, however, outperformed the market including telecom operator Bharti Airtel rallied 4.02 percent to close at Rs 708.45 and was the biggest Nifty50 gainer.

The country’s largest lender State Bank of India was the second biggest Nifty gainer, crossing the Rs 500-mark for the first time before closing with 2.4 percent gains at Rs 499.90. Metropolis Healthcare was also in action despite correction in broader markets, rising 5.73 percent to close at Rs 2,907.55.

Paras Defence and Space Technologies, which surged 66 percent in four straight sessions, was locked in 10 percent upper circuit at Rs 990.40 on October 20.

Here’s what Gaurav Sharma of Globe Capital Markets says investors should do with these stocks when the market resumes trading today:

The stock has recently posted fresh breakout from Rs 680-700 levels in which it was trading from past two weeks. A recent news flash reveals that the company has managed to add good number of customers in the month of September. This is quite positive news.

This up move is back by above average volume, indicating buyers’ interest at current levels. Hence, we advocate buying it at current market price (Rs 708.45) for targets close to Rs 750-770 in the immediate near term. Traders must maintain stop loss below Rs 670.

#Bharti Airtel, #Market Edge, #Metropolis Healthcare, #Nifty, #Paras Defence and Space Technologies, #Sensex, #State Bank of India, #Stocks Views, #Technicals

PSU Banks have performed quite well in the recent past and so did SBI. It went past psychological hurdle of Rs 500 in day trade on October 20, which in itself is quite a positive development.

Going by its short as well as medium term charts, we see it heading northwards in coming sessions as well, Rs 525-540 are the immediate upside targets that we are eyeing at. Short term traders are advised to keep stop loss below Rs 475.

#Bharti Airtel, #Market Edge, #Metropolis Healthcare, #Nifty, #Paras Defence and Space Technologies, #Sensex, #State Bank of India, #Stocks Views, #Technicals

This stock is consolidating in range Rs 2,600 to Rs 3,200 from past two months. As of now, there are no concrete signs as to which side the stock is headed in the immediate near term, but an either side break from the above mentioned range will lead to Rs 300 to Rs 400 points move in that direction.

#Bharti Airtel, #Market Edge, #Metropolis Healthcare, #Nifty, #Paras Defence and Space Technologies, #Sensex, #State Bank of India, #Stocks Views, #Technicals

This stock got listed on the October 1 at Rs 469 and has been hitting higher highs since then and has more than doubled in less than two-month time.

As its data is too less to assess it on basis on charts; hence, providing a short term outlook is not possible. But, going by basis of the market, such steep rise is generally not sustainable. Hence, traders should keep trailing stoploss with every rise.

As of now, we recommend to maintain stop loss below Rs 800.

#Bharti Airtel, #Market Edge, #Metropolis Healthcare, #Nifty, #Paras Defence and Space Technologies, #Sensex, #State Bank of India, #Stocks Views, #Technicals

Disclaimer: The views and investment tips expressed by investment expert on are his own and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related


Australian sharemarket volatility continues, pharmacy owner and Pro Medicus top best in ASX200

Volatility continued to prevail on the Australian sharemarket, with banks and the resources sector the mainstays during a choppy session. The benchmark S&P/ASX200 index closed just 16 points or 0.22 ... Read more »

Tega Industries IPO: Issue subscribed 16.22 times on final day, QIB portion booked 4 times

Tega Industries IPO The initial public offering (IPO) of Tega Industries continues to elicit a good response, with the issue subscribed 16.22 times by the morning of December 3, the final day ... Read more »

L&T shares rise on green hydrogen bond with ReNew Power

Larsen & Toubro Larsen & Toubro (L&T) share gained over 2 percent in the morning session on Friday after the company announced partnership for green hydrogen projects in India. The engineering conglomerate ... Read more »

Anand Rathi IPO oversubscribed by 1.81 times, retail portion booked 2.82 times on Day 2

Anand Rathi IPO The public offer of Anand Rathi Wealth, one of the leading non-bank wealth solutions firms in India, has garnered bids for 1.53 crore equity shares as against ... Read more »

Indian Energy Exchange locked in 10% upper circuit as shares trade ex-bonus

Indian Energy Exchange (IEX) stock price was locked in 10 percent upper circuit in the morning trade on December 3 as shares traded ex-bonus with the record date set for December 6. ... Read more »

Trade Spotlight | What should you do with HDFC, Apex Frozen Foods, Persistent Systems now?

It was another strong day for the market as the benchmark indices rallied more than 1 percent on December 2, driven by sectors like IT, auto, financial services, FMCG and ... Read more »

Daily Voice | Expect RBI to bring reverse repo to 3.75% at one go, says Ashutosh Tiwari of Equirus

The Monetary Policy Committee of the Reserve Bank of India will meet on December 6-8 to review the fiscal blueprint. The central bank has so far been maintaining an accommodative ... Read more »

Buzzing Stocks | ABB, Jubilant Ingrevia, Unichem Labs and others in news today

ABB India: The compamny has completed sale of Dodge Business for Rs 44.58 crore. Unichem Laboratories: The company received ANDA approval for its Aripiprazole Tablets USP from USFDA. Jubilant Ingrevia: ... Read more »

IT stocks where Emkay keeps 'buy' tag with an upside of 12-33%

The overall Q2 performance of IT companies was largely in line with estimates, with a -0.5-0.1 percent variation in revenue or net profit. Revenue growth momentum improved for Tier-I and Tier-II ... Read more »

Pradip Shah appointed NARCL Chairman; Sanjay Jain made IDRCL chief

Pradip Shah, founder of IndAsia Fund Advisors, has been appointed chairman of National Asset Reconstruction Company (NARCL) while Aditya Birla Asset Reconstruction Company managing director Sanjay Jain will be the ... Read more »

Hot Stocks | 'Bet on BSE, TCS and Bajaj Holdings for up to 23% return in short term'

Vidnyan Sawant, AVP – Technical Research, at GEPL Capital The Nifty had last week formed a big bearish candle pattern and closed below its 20-week SMA (17,272) on the weekly chart which ... Read more »

Bulk deals | Societe Generale picks 0.58% stake in Karda Constructions; Marina IV offloads 0.69% in Redington

French financial services company Societe Generale acquired 36 lakh equity shares in Karda Constructions (0.58 percent) at Rs 16.65 per share via an open market transaction on the NSE as ... Read more »

Trade Setup: Nifty50 defends the crucial 100-DMA level; 17,000-17,150 zone to act as key support

The expiry day of the weekly options went off quite well on the expected lines. The Indian markets end up on a buoyant note. Despite inheriting a weak global overnight ... Read more »

Star Health IPO subscribed 79% on final day of bidding with QIB portion fully booked

Star Health IPO | Promoter Rakesh Jhunjhunwala is the second largest shareholder in the company. Marquee investor Rakesh Jhunjhunwala-backed Star Health and Allied Insurance Company closed the public issue on December ... Read more »

Day Trade Guide: 2 stock recommendations for Friday

Aditya Agarwala, YES Securities Benchmark index Nifty50 ended the session with a gain of 235 points, as bulls returned on D-Street following a few volatile and corrective sessions. The headline ... Read more »

Gainers & Losers: 10 stocks that moved the most on December 2

Indian benchmark indices ended higher for the second consecutive session on December 2 despite weak global cues. At close, the Sensex was up 776.50 points, or 1.35% ,at 58,461.29, and ... Read more »

Taking Stock | Market gains for second day; Sensex surges 777 points; Nifty reclaims 17,400

The Indian market continued to rise for the second day on December 2 despite mixed global cues. The Sensex closed 776.50 points, or 1.35 percent, higher at 58,461.29, and the Nifty ... Read more »

Automakers on downhill drive in November, analysts see recovery in Q4

Representative image Automakers declared muted sales in November across most segments. Commercial vehicles bucked the slowdown riding on strong recovery in demand for high-tonnage machines. Two-wheeler shipments also showed robust ... Read more »

Bulls roar on D-street; 5 factors that drove indices higher

Sensex, Nifty Bulls retained their strong hold over Dalal Street for the second consecutive session despite weakness in global markets. Benchmark indices gained over 1 percent, but the broader markets ... Read more »

Vodafone Idea's new tariff plan restricts number portability, Jio tells TRAI

(Representative image) Reliance Jio has urged the telecom regulator to look into Vodafone Idea’s new tariff plans, alleging that it could become a barrier in mobile number portability, The Economic ... Read more »

SBI joins hand with Adani Capital for co-lending to farmers

Country’s largest lender SBI has joined hands with Adani Capital as a co-lending partner to provide loans to farmers in the country. State Bank of India (SBI) has signed a ... Read more »

Australian sharemarket grinds higher after early dive, Woolworths' Priceline bid tops takeover action

The Australian sharemarket took a dive at open on the back of a negative lead from Wall Street, then clawed back losses to close marginally lower in an action-packed day ... Read more »

Hanjin chairman honored for bold leadership amid pandemic crisis

Hanjin Group Chairman Cho Won-tae / Yonhap By Lee Min-hyung Hanjin Group Chairman Cho Won-tae has been selected as the 2021 Person of the Year by Orient Aviation, a commercial ... Read more »

After record fund raising in November, 8-10 IPOs expected this month

Anand Rathi Wealth IPO November 2021 turned out to be great for the primary market as 10 main board companies closed their public issues during the month and reported a ... Read more »

Which stocks foreign investors sold last month? Here are some cues

NEW Delhi: While foreign outflows intensified only in the second half of November, data available for the first fortnight of November suggests the institutional class further cut exposure to banking ... Read more »

PEFs face difficulties in acquiring or selling manufacturers

gettyimagesbank By Park Jae-hyuk Private equity funds (PEFs) are facing difficulties in buying and selling manufacturers in the Korean market, as politicians are calling for measures to restrict them from ... Read more »

MC Interview | Amarjeet Maurya of Angel One recommends investors to subscribe Star Health IPO for longer terms

Rakesh Jhunjhunwala-backed Star Health and Allied Insurance Company, the largest private health insurer and the largest retail health insurer in India, has floated a Rs 7,249-crore public issue at a ... Read more »

Daily Voice | What makes banking and financials, realty and allied sectors interesting, shares Mahesh Patil of Aditya Birla Sun Life AMC

The equity market is meant for long-haul investments because of its characteristic volatility. A correction of 10-12 percent that the market has witnessed through the last week, however, offers a ... Read more »

Asian shares up but Omicron worries linger

Asian shares have edged higher in choppy trading, helped by advances in Chinese real estate shares, though fears about the Omicron variant of the new coronavirus capped gains regionally. Also ... Read more »

Anand Rathi Wealth IPO — should you subscribe to it?

Tega Industries IPO Anand Rathi Wealth’s maiden public issue will open for bidding on December 2 and will close on December 6. The wealth management arm of Anand Rathi Financial ... Read more »

Hot Stocks | Bet on Bajaj Holdings, Union Bank of India for up to 17% return in short term

Rohan Patil, Research Analyst at Bonanza Portfolio The benchmark Nifty50 index witnessed a gap-up opening and traded above 17,080 for a major part of the day on December 1. It finally managed ... Read more »

Trade Spotlight | What should you do now with IndusInd Bank, Chambal Fertilisers, Texmo Pipes, & BSE?

Positive global cues and domestic economic data have helped the market rebound sharply. The BSE Sensex rallied more than 600 points to 57,685, and the Nifty50 climbed 184 points to ... Read more »

Markets back in green aided by GDP numbers

Mumbai: Indian equities rose over 1% on Wednesday, dodging the overnight sell-off on Wall Street after US Federal Reserve chair Jerome Powell signalled the central bank will consider accelerating the ... Read more »

With shorts running for cover, banks could lead any rebound

Mumbai: Banking stocks are likely to lead if the market rebound continues as traders will be forced to cover their accumulated bearish derivative bets. Some of the short positions were ... Read more »

Wall St falls on Omicron, inflation fears

Wall Street's major averages has fallen more than one per cent after a morning rally faded as investor angst about the latest coronavirus variant soared with the first US case ... Read more »

Trade setup: Defending 100-DMA crucial for Nifty; stay stock-specific for now

The markets, along expected lines, had a buoyant but somewhat volatile session on Wednesday where it managed to end with decent gains. A start above the 17,000 levels lead to ... Read more »

Tech View: Nifty50 forms bullish candle; upside hurdle at 17,300, say analysts

NEW DELHI: Nifty50 on Wednesday climbed over 1 per cent and formed a bullish candle on the daily chart. Analysts said the buying was seen partly due to short covering ... Read more »

Simply Save | How should mutual fund investors handle stock market volatility

The stock markets closed on a positive note on Wednesday (December 1, 2021) with the S&P BSE Sensex ending one percent higher at 57,684.79 points. But stock markets have been ... Read more »

Gainers & Losers: 10 stocks that moved the most on December 1

The Indian market ended higher on December 1, supported by the IT, auto, metal and financial names. At close, the Sensex was up 619.92 points, or 1.09%, at 57,684.79, and ... Read more »

Taking Stock | Market cheers GDP numbers; Sensex up 619 points, Nifty above 17,100

Indian equity benchmarks ended higher on December 1 as the market cheered improved GDP numbers and robust GST collection, shrugging off mixed global cues. After a strong start, the market held ... Read more »
On you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic