Market Mantra

The Indian bourses are on a roll. Today the Nifty traded above 21,650 level in a narrow range. However, action is seen in small and mid cap counters. Banks are also doing well in anticipation of a rate cut in the H2FY25.

#Indowind Energy Ltd (Rs.24.90) hit the buyer freeze, after the fundamentals of the company showed marked improvement. Also, wind energy stocks are expected to do well in future due to government of India's mega - initiatives in the Renewable Energy Sector. T: Rs.41/42.

#Buy Sarthak Industries Ltd (Rs.27.25) near the CMP for targets above Rs.50. The company has the LPG Cylinder manufacturing Unit at Pithampur Industrial Area, Village Akoliya, District Dhar, (M.P.). It is a low debt company.

#Accumulate the stock of Debock Industries Ltd (Rs.9.50) near the CMP for targets of Rs.17/19. The company is into making of farm equipments. The government of India is likely to give impetus to the farm Sector in the ensuring budget.

#The year 2024 will prove to be a notable year for India's domestic cell manufacturing industry. After years of laying the policy and regulatory groundwork for building a domestic cell manufacturing base, India could finally witness several giga factories enter its first phase of commercial operations in 2024.

Rajesh Exports Ltd (Rs.365) is one of the three beneficiaries of the Rs.18,100 crore PLI Scheme for ACC Battery Storage, Rajesh Exports is setting up a battery cell manufacturing facility in the state of Karnataka. In January 2023, the company incorporated a 100 percent subsidiary firm 'ACC Energy Storage Pvt Ltd' for the execution of the 5 GWh project for manufacturing advanced chemistry lithium-ion cells for making battery packs for EVs and energy storage. Accumulate for targets above Rs.500.

#Accumulate the shares of Bandhan Bank Ltd (Rs.230.90) near the CMP for targets of Rs.264/270/290/310.

#If you are interested in Penny Stocks, then you can accumulate the logistic player, MFL India Ltd (Re.0.57) in market declines. But don't invest more than Rs.50,000 in this scrip.