FAST MONEY: PC Jeweller, SREI Infra among 10 stocks to remain in focus today
The domestic market is expected to snap its six-session losing streak, tracking positive trend seen in Asian markets as a semblance of calm returned to Wall Street where major indices bounced into the black after days of deep losses.
At 8:25 am, SGX Nifty, an early indicator of Nifty50’s trend in India, was trading over 98 points to 10,598.
Here are key stocks that are in focus today:
Bajaj Electricals (Buy)
Target: Rs 452
Stoploss: Rs 442
- Received order worth $41 lakh from Zambia
- The stock closed at day’s high in Tuesday’s session
KEC International (Buy)
Target: Rs 355
Stoploss: Rs 343
- The company received orders worth Rs 2035 crore
- The profit rose 79 per cent to Rs 111 crore (YoY) in Q3
- Revenue up 26 per cent at Rs 2,405 crore
- EBITDA up 34 per cent at Rs 244 crore
- Margin at 10.1 per cent versus 9.5 per cent
India Cement (Buy)
Target: Rs 157
Stoploss: Rs 148
F&O trade in stock no longer banned
Mcnally Bharat (Buy)
Target: Rs 59
Stoploss: Rs 56
- The company received fresh orders worth Rs 68.3 crore
- Market capitalisation of the company now Rs 137.5 crore
SREI Infra (Buy)
Target: Rs 79
Stoploss: Rs 75.5
- Short-covering to support stock
- The stock has fallen over 30 per cent in last one month
Gujarat Alkalies (Buy)
Target: Rs 745
Stoploss: Rs 715
- Profit rose 138 per cent to Rs 112 crore (YoY) in Q3
- Margin inched up from 17.5 per cent to 29.1 per cent in (YoY)
- Revenue up 27 per cent at Rs 618 crore
- EBITDA up 112 per cent at Rs 180 crore
Ramco Industries (Buy)
Target: Rs 278
Stoploss: Rs 265
- Profit rose 2.4 times to Rs 12 crore (YoY)
- Margin inched up from 5.1 per cent to 10.2 per cent (YoY)
- Revenue up 24 per cent at Rs 181 crore
- Net profit at Rs 12 crore versus Rs 5 crore
- EBITDA at Rs 18.5 crore versus Rs 7.5 crore
- Margin at 10.2 per cent versus 5.1 per cent
Wockhardt (Buy)
Target: 750
Stoploss: Rs 730
- The stock settled near day’s high in Tuesday’s session
- Stock no longer banned in F&O trades
PC Jeweller (Buy)
Target: Rs 400
Stoploss: Rs 387
- Jewellery stocks stare at recovery today
- Stock at discount of 35 per cent from its high of Rs 600
IFCI (Buy)
Target: Rs 24.5
Stoploss: Rs 22.6
- Stock has fallen 34 per cent since Jan 15
- Short-covering expected
(The stocks mentioned here are for informational purpose. Consult yout financial advisors before investing)
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11:36 AM IST