Share bazar: From IndiGo to McDowell, all you need to know about profitable stocks on January 25
Investors can go for blue chip stocks as stoks like McDowell, United Spirit, Pidilite and Reliance Industries are expected to give better returns in short-term perspective. They can also go for IndiGo shares if it dips at Rs 1150 levels.
The topsy-turvy trend in Indian indices is expected to continue till the general election in India are over. Market experts are advising investors to buy on dips till the market is trading in the range of 10,800 to 10,950. However, they are advising to maintain strict stop loss while taking any position too, means there will be overseas reasons for market moving forward or backwards. So, the experts are advising to invest on the basis of stocks fundamentals.
Simi Bhaumik, Technical Equity Analyst (officially registered with market regulator SEBI) told Zee Business online, "Investors can go for blue chip stocks as stoks like McDowell, United Spirit, Pidilite and Reliance Industries are expected to give better returns in short-term perspective." She advised traders that they can buy the above mentioned stocks even at current levels.
Shares of McDowell closed at Rs 26.30 levels on Thursday, United Spirit shares closed at Rs 571.75, current market price of Pidilite shares is Rs 1101 while Reliance Industries stock closed at Rs 1249 on Thursday. Bhaumik advised traders to buy the stocks even if they opens at lower levels from its previous close.
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Similarly, there can be shares of IndiGo which investors can think to stock. Madhukar Ladha, Chief Financial Analyst at HDFC Securities told Zee Business online, "INDIGO reported a 28.1 per cent YoY increase in 3QFY19 revenue to Rs 79.2bn (+7.2 per cent against expectations, driving the beat). Despite revenue growth INDIGO’s adj. EBITDAR plummeted 17.6 per cent YoY to Rs 16.0bn as unit fuel costs remained elevated at Rs 1.58 (+27.3 per cent against 1.4 per cent YoY/QoQ), while unit non-fuel costs at Rs 2.14 increased 3.6 per cent against -6.5 per cent YoY/QoQ. RPAT at Rs 1.9bn came in much ahead of our estimate of a loss of Rs 2.5bn."
Ladha added that traders can buy the stock for the target of Rs 1280 per share mark because the stock looks strong in short-term perspective. The stock closed at Rs 1108 on Wednesday and scaled around 50 rupee on Thursday noon. Expecting profit booking into the strip on weekend trade on Friday, experts are advising investors to buy on dips too.
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