FAST MONEY: GNFC, Apex Frozen among top five intraday stock ideas
The Sensex and Nifty are expected to snap three-session long gaining spree on Tuesday tracking negative trend in Asian markets which fell and the euro slipped back to 6-1/2 month lows as early elections loomed in Italy, but a revival in diplomatic talks with North Korea and a retreat in oil prices from recent highs supported sentiment.
MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.3 percent after three consecutive sessions of gains.
Japan’s Nikkei skidded 0.8 percent while South Korean shares slipped 0.5 percent. Australia’s benchmark index was a touch firmer. Liquidity is expected to be relatively thin with market holidays in Singapore, Malaysia, Indonesia and Thailand.
Here are key intraday stock ideas:
1) Apex Frozen (Buy)
Target: Rs 604
Stoploss: Rs 588
Income at Rs 203 crore from Rs 164
Profit at Rs 17.5 crore from Rs 6.92 crore
2) Aptech (Buy)
Target: Rs 248
Stoploss: Rs 238
Recovery in stock from lower levels
The stock found support after five-day fall
3) NHPC (Buy)
Target: Rs 28.8
Stoploss: Rs 26.6
Margin at 31.45% from 16.37% (YoY)
EBITDA rose 60% to Rs 358 crore (YoY)
4) GNFC (Buy)
Target: Rs 494
Stoploss: Rs 482
Buying in fertiliser stocks
Monsoon to hit Kerala today
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5 ) Minda Corp (Buy)
Target: Rs 197
Stoploss: Rs 189
Buying continued in auto ancillary stocks
Profit rose 137%, EBITDA 113% (YoY)
(Stocks mentioned here are for informational purpose. Consult your financial advisor before investing.)
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