Tit - bits

#The scrip of United Bank of India Ltd

(Rs.8.70) is consolidating around the current ranges. It needs to close above Rs.8.80 for the beginning of the next level of upmove. It is a safe scrip and should give decent returns over a period of 3/6 months.

#Buy the shares of Texmaco Rail & Engineering Ltd at Rs. 34.50, T: Rs.39/41, SL: Rs.31.

Texmaco’s wagon vertical ended Q1FY20 with an order book of Rs 11.7 bn (Rs 12.1 bn at FY19-end). Traction in private sector wagon ordering sustained with the company winning Rs 1.1 bn worth of orders (Rs 5.6 bn in FY19). Its peer group company Titagarh Wagons Ltd (Rs.46.95), shot up by more than 9% today. With Railway budget in the offing,  the Railway related stocks are likely to gain momentum soon.

#The stock of 63 Moons Technologies Ltd (Rs.102.30) has a great future ahead as the company has got lot of court ruling in its favour.  I'm looking for a price target of Rs.131/137 in the coming.  Keep accumulating with a SL: Rs.99.