Winning Strokes

On Monday, the domestic equity indices ended with moderate gains. The Nifty closed above the 22,650 mark. In the broader market, the S&P BSE Mid-Cap index rose 0.26% while the S&P BSE Small-Cap index lost 0.06%. The market breadth was negative.

Meanwhile, India’s foreign exchange reserves shot up from $2.951 billion to $645.583 billion for the week ended March 29, 2024.

Currently, though the investors also awaiting inflation numbers from the U.S. and China. tThe Nifty would continue to trade with positive bias at least till the elections.

#India’s foreign exchange reserves increased from $2.951 billion to $645.583 billion for the week ended March 29, 2024. 

#Accumulate the shares of Debock Industries Ltd (Rs.8.45) for targets of Rs.12/17. Some very good news is coming in the counter. One of them is: the company's 2nd hotel project according to the sources should get completed by May, 2024. By the way, you have waited for a long time, now it seems the good days are ahead.

#The shares of Sarthak Industries Ltd (Rs.26.29) has fallen from around Rs.215, post bonus issue. The stock should at least double from the current price.

The stock of Zee Entertainment Enterprises Ltd (Rs.149.70) is consolidating around the current ranges for the next level of upmove. Accumulate!!

The shares of Nidan Laboratories and Healthcare Ltd (Rs.29.70) is available near its 52 -week low price. The company has appointed a new company secretary and now news flow should again commence. We can expect the share to touch Rs.37/42 before August, 2024.

#The promoters have probably completed purchase of shares of Rajesh Exports Ltd (Rs.304.40). We need to keep a careful watch on the scrip. T₁ : Rs.331 and T₂ : Rs.371.

#As mentioned earlier, a number of times, Indowind Energy Ltd (Rs.23.90) is now almost a debt free company. Both the December and March quarters were lean seasons for the company. From June, 2024, Quarter its fundamentals should again show improvement. Moreover, it is coming with a wind farm within next 9/12 months, in its 300 acres of land. The stock is heading towards Rs.41/42.

#The shares of Eros International Media Ltd (Rs.21.30) is consolidating around the current ranges. We can look forward for targets of Rs.31/37, before Durga Pooja.