Traders should avoid bottom fishing as of now as in the near term a decent correction can be expected in the broader markets.
Sapphire Foods India has a better revenue per store compared to Devyani International.
As long we don’t see a decisive breakout above 18225-18300, traders are advised to avoid aggressive long bets and be very fussy in stock selection.
Angel One is bullish on UPL with a price target of Rs 805 per share.
Shares of One97 Communications are quoting at Rs 2,290 per share in the grey market marking a premium of Rs 140 or 6.51%
17900 - 18000 levels are likely to act as immediate resistance whereas on the flip side, immediate support is seen around 17550.
Gemstone Equity Research is bullish on Biocon with a price target of Rs 352 per share.
Recent outperforming high beta counters witnessed a sharp profit booking that dampened the broader markets and the rub-off effect on markets
Jindal Stainless (Hisar) commissioned the 26,000 tonnes per annum (TPA) capacity Precision Strip Mill as part of the first phase of it expansion plan.
LKP Securities is bullish on State Bank of India with a price target of Rs 520.