The market sentiment is looking weak on the first trading day of the week. Bad global cues have spoiled the mood of the market. Nifty remains below 17000. RIL, INFOSYS, ITC and TCS are creating pressure in today’s trade. Today, the decline in midcaps is more visible than the giants. On the other hand, the volatility index INDIA VIX has jumped over 15%. In today’s business, the biggest weakness is seen in metal, IT, oil-gas and realty.
However, Bank Nifty has got support from the excellent results of ICICI Bank. Bank Nifty has come in green mark. Bank Nifty has seen a recovery of about 700 points from the lower levels. On the other hand, FMCG stocks are in bad shape due to Indonesia’s palm oil export ban. Of these too, Gojarej Consumer is the worst hit. Godrej Consumer is seeing a decline of 5 per cent. BRITANIA, HUL, JUBLIENT FOOD, MARICO are also under pressure.
Meanwhile, now after the BPCL disinvestment, the government has changed its strategy. Now there will be special emphasis on monetization of assets of companies. There will be a marathon meeting with 12 ministries on this issue on Friday.
Market experts say that many good stocks are getting cheap in this fall of the market and in such a situation we should not miss the opportunity. Today’s purchase may brighten our luck ahead.
According to the news published in Live Mint India Gala of Ventura Securities Says that in the market falling for two consecutive trading sessions, there are now 2 multibagger stocks that can brighten the fortunes of investors. Rana Sugars and HBL Power Systems have buying advice for today’s fall Bharat Gala.
Bharat Gala says that shares of Rana Sugars started rising from Rs 2.60 per share from May 2020 and reached Rs 38.30 in July 2021. From November 2020 to July 2021, this stock was seen in the range of Rs 22 to Rs 38. Recently, a range breakout was seen in this stock and it was seen going up to Rs 43.70. Along with this, a good increase was also seen in its volume. The stock is consistently trading above its key average and has a positive outlook. We can see this stock going up to Rs 75 in future. If there is any downside at the current level, then fresh buying can be done between Rs 38-36 and Rs 34-32 but put a stop loss of Rs 30 in it.
HBL Power Systems also on Ventura Securities Buying advice. Bharat Gala says that from Rs 15 in September 2020 to Rs 83.60 in February 2022, this stock has seen a good rally. During this move, the stock remained consistently above the average and its super trend was in positive mode. The stock’s rally after November 2021 was also supported by better-than-average volumes. Recently this stock gave a range breakout and made a high of Rs 74.7. Along with this, it has also got the support of huge volume. Now this stock can be seen going up to Rs 100-135. If we get this stock between Rs 71 to 68 and Rs 66 to 64-62 then we should buy in it. But put a stop loss of Rs 57 for that.
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