Stock Radar: Bounce back on cards? Havells India trading near lower end of triangle pattern

SAIL stock rallies 40% in 3 months, hits 52-week high. Short-term traders advised to buy stock for target of Rs 145. Short-term traders can look to buy the stock now or on marginal dips for a target of Rs 145 in the next 6-7 weeks, suggest experts. The stock found support above 100 levels and staged a strong bounce back which also helped the stock to break out from a Symmetrical Triangle. A symmetrical triangle is commonly considered a continuation pattern.

For Dalal Street, paints means Asian Paints. However, there is and sooner there will be even more to it.

The stock rose more than 5% in a week and over 2% in the last month, data showed. The Nifty50 fell by about 1% in a week and nearly 3% in the last 1 month.​

Day trading stocks: Experts have recommended six stocks to buy today — LT, sun Pharma, Wipro, ICICI Bank, Bharti Airtel and Tata Chemicals

Textile is one of the oldest industrial sectors in India. However, right from labour issues to smaller Asian countries becoming more competitive in terms of cost of production, different segments of the textile industry have faced more headwinds than tailwinds in their history of existence. This list is drawn from Stock Reports Plus, powered by Refinitiv, with over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum.

ONGC, Indian Oil, Power Finance Corporation (PFC), REC, SAIL, General Insurance, Oil India, and New India Assurance are among the PSUs trading below their book value. ONGC, which rallied 10% in the last six months, is trading at a book value of 0.71 times. According to the Bloomberg Consensus estimates, the stock is expected to yield 18% in a year.

InterGlobe Aviation's stock price in the airline industry rose by 17% in May 2023, hitting a record high of Rs 2412 on May 30, 2023. Experts suggest that medium to long-term investors should consider buying the stock now for a possible target of Rs 2,800-2,900 in the next 12 months. The stock surpassed its November 16 swing high of Rs 2379 on November 16, 2021, indicating a gradual uptrend. IndiGo, the aviation major, recently posted a net profit of Rs 919 crore for the January-March period, indicating positive fundamental growth for the company.

“Filatex India Limited, a small cap company engaged in manufacturing and trading of synthetic yarn and related fabrics falls under ‘Other textile Industry. The stock has moved by significant volumes in the past few days indicating the investors interest,” Madhu Bansal, Research Head, The Finberg, said.

Stock market today: Sonara Software and Tech Mahindra board is going to consider and approve interim dividend for the financial year 2023-24

We are more inclined to arrogantly think that one day we shall be able to control them too. Impassioned speeches about climate change cannot find resonance or compliance unless we humbly reconnect with, defer to and dance to the rhythms of the earth. But is this even possible anymore, at least for urban Indians?