Stocks to Watch, Nov 29: Here are few stocks that will remain in focus for today's session
Even as KEI Industries reported annual growth in its top- and bottomline in Q2, the wires and cable company's profit and operating margins contracted
With a 12-month view and a 'buy' call on KEI Industries, UBS has given a target of Rs 6,150 per share, which implies a 40.8 per cent upside from Monday's (August 19) closing
Most of the stocks are now seen testing the 20-DMA; trade along this key moving average is likely to dictate the near-term trend for electric wire-related stocks; suggest charts.
In FY25 profitability is likely to improve led by likely enhanced geographical diversification, an improvement in operational efficiencies and increased contribution from high-margin, believes Ind-Ra.
In the years to come, multiple factors will boost growth of Cables & Wires and open up an avenue of possibilities for the industry.
Shares of IDFC, MGL, Radico Khaitan, KEI Industries and Carborundum Universal may rise up to 26 per cent, indicate technical charts
As of 11:09 am; these stocks rallied up to 14 per cent on the BSE in intra-day trade today. In comparison, the S&P BSE Sensex was down 0.04 per cent.
House wires and stainless steel wires saw strong demand, which should continue in October-March period (H2FY22) as well, analysts
The improved operating environment, combined with pent-up demand, should boost the market growth for wires and cables, analysts believe
On the indicator front, the MACD is comfortably placed above its signal-line and the 14 period RSI is soaring northwards, affirming that Ambuja Cements' stock may surge in the coming future
Bajaj Finance stock earlier formed a "double top" formation and, since then, has been witnessing a continuous fall
The company said it has launched a qualified placement of shares on Thursday and fixed floor price of Rs 518.14 per share.
The company reported a 50% growth in net profit at Rs 72.54 crore on the back of healthy 21% jump in net sales at Rs 1,314 crore during the quarter
The stock hit a new high of Rs 531, rallied 37% since May 17, 2019, after the company reported a strong operational performance in the March quarter.
In the past nine trading days, KEI Industries outperformed the market by surging 52%, as compared to 3% rise in the S&P BSE Sensex.
In past three trading sessions, the stock rallied 16% after co said new production line is operational
The stock moved higher to its 52-week high of Rs 135, up 9%, extending its Monday's 9% surge on BSE.