How market wizard Anil Singhvi views Power Grid, Jubilant FoodWorks, Gland Pharma, other stocks today
Zee Business Managing Editor Anil Singhvi shares his thoughts on a bunch of stocks. Here's what the market wizard suggests on scrips such as Petronet LNG, Power Grid, Jubilant FoodWorks, Gland Pharma, and Garden Reach Shipbuilders.
As Dalal Street scales a fresh peak after three weeks, with the Nifty50 crossing the 22,800 mark for the first time ever, Zee Business Managing Editor Anil Singhvi shares his thoughts on a bunch of stocks. The market wizard shares his views on a bunch of stocks including Petronet LNG, Power Grid, Ramco Cements, Jubilant FoodWorks, and Gland Pharma.
Catch the complete list here:
Power Grid does not react much to results: Anil Singhvi
The market guru points out that the PSU's quarterly numbers were slightly below analysts' estimates.
Support for Power Grid futures placed at Rs 315: Anil Singhvi
The market guru sees support for Power Grid futures coming in at Rs 315.
He expects a higher level for the futures at Rs 337.
Petronet LNG results extremely weak: Anil Singhvi
The market guru suggests selling Petronet LNG futures for targets of Rs 301 and Rs 293 with a stop loss at Rs 317. He also points out that the company's quarterly volumes and realisations were much lower than expectations.
Ramco Cements results in line with expectations, management commentary positive : Anil Singhvi
The market guru sees support for Ramco Cements futures coming in at Rs 764 and a higher level at Rs 792.
Jubilant FoodWorks results miss estimates, outlook positive: Anil Singhvi
The market wizard expects Jubilant FoodWorks futures to find support at Rs 462 and Rs 470 levels, and to test higher levels of Rs 492 and Rs 497.
Garden Reach Shipbuilders results extremely good: Anil Singhvi
The market guru points out that the shipbuilding company's quarterly revenue, EBITDA and profit all stood at record levels. The only problem is the stock has already surged 20 per cent in five days and 50 per cent in three months, he adds.
Buy Garden Reach Shipbuilders shares: Anil Singhvi
The market wizard suggests buying Garden Reach Shipbuilders shares for targets of Rs 1,210, Rs 1,235 and Rs 1,250 with a stop loss at Rs 1,175.
Gland Pharma results extraordinary: Anil Singhvi
The market guru points out that the pharma firm's quarterly numbers were extraordinary on all fronts. He expects the stock to stage an upmove f 10-20 per cent on the back of strong results.
Buy Gland Pharma shares: Anil Singhvi
The market wizard suggests buying Gland Pharma shares for targets of Rs 1,950, Rs 2,000, Rs 2,075 and Rs 2,115 with a stop loss at Rs 1,770.