Bank of India
BS 532149
Volume: 258765
This Nationalized Bank has 2884 branches spread across India. According to a leading technical analyst, the counter is expected to get into momentum in the coming period. In addition, the scrip has managed to grab attention and has noticed a steady increase in the interest amongst the investors. Hence, investors with higher risk appetite can consider taking exposure to the counter with a short to medium term prospects.
NTPC
85E 532555
Volume: 999274
National ThermaL Power Company (NTPC) is the largest power company in India and is among the world’s Largest and most- efficient power generation companies. The company has recently announced the huge capex and modernization plans. The power gencrating companies in the coming quarter might put up decent revenue growth in the upcoming results due to the hike in the tariffs. However, the rising fuel cost might hit the margins of these companies. The counter has recently attracted decent amount of volumes and almost 50 per cent of these volumes form the deliverable quantity which depicts the investor’s confidence in the counter. As per a reliable source, certain developments are expected in the counter which are expected to attract investor’s interest. Thus investors can buy the scrip with the short to medium term investment perspective.
ITC
BSE: 500875
Volume; 206238
A broker expects the Indian Tobacco Company (ITC) counter to be a good defensive bet in this falling market. And in the last week,
when the markets were down, the consumer staples industry stayed afloat in positive. While in 2008, when the Sensex fell by more than 52 per cent, the FMCG index at the same time fell by 14.46 per cent. Even as per many institu— tional reports, the FMCG industry is expected to grow at a steady rate of 10-15 per cent CAGR over the next 10 years. The Industry on a whole is also going to benefit from the falling commodity prices. This company is expected to benefit most as compared to its peers. Thus considering the defensive nature of the industry, even conservative investors can add the scrip to their portfolio for long term to contain the decline, if the market plunges.
SBI
BSE: 500112
Volume: 650124
As per a leading institutional report, the State Bank of India is expected to put up good performance for the upcoming quarter (Q3FYO9). And as per the report the bank’s net interest income is expected to grow at a decent pace on YoY basis. It has stated that the banking sector can be considered for a long- term investment perspective and amongst all the players, investment in the PSU banks should be preferred. Over the years, the bank has been able to put up a steady growth in its financials. A broker has also put a buy call with one month hold perspective on the counter and feels that the counter might catch the investors funcy during the results seasons. The counter has also witnessed considerable addition of open interest in the futures and options space. Technically, in the last few trading sessions, the counter has attracted decent volumes on the bourses. However, investors looking for short to medium-term investment avenue can invest in the counter to make smart bucks.
AXIS Bank
BSE: 532215
Volume: 495317
Axis Bank is one of the leading private sector banks in India. Like the last 4 quarter results, the bank is expected to grow both in its topline as well as bottom- line. However, due to the huge fluctuations of the interest rates, the bank’s margins might be compressed marginally. The counter, in the last week, has taken a huge beating on the bourses as compared to its peers. And the scrip has fallen by more than 15 per cent. However, one of a leading technical analysts has put a short-term buy call on this scrip with a price target of Rs 470.00
As per a leading broking house the counter has a good potential for investment with medium to long-term perspective. Hence investors with higher risk appetite can take exposure in the counter.
Related posts:
