Tracking weakness in the global markets, the domestic stock market opened with marginal cuts on Friday. However, benchmarks Nifty50 and Sensex tumbled further as the indies corrected around one per cent in early trade. The broader Nifty50 gave up 17,500, while the Sensex dropped over 600 points to trade near 58,500.  

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 Meanwhile, Bank Nifty declined over 900 points and touched the day's low of 39,665.90 in early trade on Friday.  

Bank, financial and auto stocks led the decline along with broader market indices as Nifty Midcap and Small cap corrected more than one per cent. Meanwhile, Nifty IT outperformed as Accenture Q4 results came almost in line with expectations.  

Meanwhile, certain stocks came in focus. These stocks were Advanced Enzyme Technologies, CG Power and Industrial Solutions, Jubilant Pharmova and Mahindra Holidays. Advanced Enzyme Technologies declined three per cent to Rs 298 per share in BSE intraday trade on Friday.  CG Power and Industrial Solutions, Jubilant Pharmova fell two per cent each and Mahindra Holidays declined one and half per cent on Friday.  

Here is what Rahul Goud, Research Analyst - Equity Research, suggests investors should do with these stocks   

Advanced Enzyme Technologies   

The research and development, production, and sale of more than 400 products derived from more than 60 local enzymes are the main activities of Advanced Enzyme Technologies. Trading at a PE of 27 compared to the sector PE of 13. Technically, since May 2021, the stock has been moving in a channel that slopes downward. We urge investors to avoid stocks at the moment. If someone already owns shares, they may keep holding it with a stop loss of Rs 260.    

CG Power and Industrial Solutions   

Power reactors, low tension motors, and switchgear are among products offered by CG Power and Industrial Solutions. The company offers utilities, industries, and customers end-to-end solutions. Revenue increased at a yearly rate of 2.09% during the past five years, as opposed to the industry average of -3.79%. trading at a 42.5 PE. Technically, the stock is trading at a 52-week high with big volumes in this kind of unpredictable market, signalling buyer confidence. A trader can purchase the stock at the CMP of Rs. 259 with a stop loss of Rs. 235 and a short-term target price of Rs. 290.     

Jubilant Pharmova   

Pharmaceutical and life sciences firm Jubilant Life Sciences Limited. Trading at a PE of 13.3 right now, compared to a sector PE of 35. Technically, the stock is in a significant downturn; therefore, we urge investors to avoid it in the near future. The stock can be purchased by long-term investors at the CMP of Rs. 340 with a stop loss of Rs. 305 and a ong-term target price of Rs. 400.    

Mahindra Holidays   

The leisure hospitality sector is where Mahindra Holidays & Resorts India Limited works. In India, the company deals in the selling of vacation ownership and other related services. Technically, the stock is moving close to its 52-year highs with high volume. On monthly charts, the stock is trading near the uptrend line. The stock can be purchased by the trader at cmp Rs 287 with a stop loss of Rs 270 and a short-term target price of Rs 340.

(Disclaimer: The views/suggestions/advice expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)