Bharat Electronics Ltd, a Navratna Defense PSU rallied over 5 per cent after the company announced signing a contract with the Ministry of Defence (MoD), Government of India.

UTI AMC made a comeback recovery of 10.66 per cent in today’s session after being beaten down by 11.52 per cent in last one week. The asset management company had reported weak Q3 results and was ever since under selling pressure sliding from the levels of Rs 970 to Rs 724. 

Going ahead, the stock selection is going to be of paramount importance and hence, we have chalked down a list of stocks that are likely to outperform.   

BSE Smallcap index replicated the broader market trend, gaining 0.80 per cent i.e. 211.95 points and closing at 26,662.33.  

It was a broad-based recovery as Nifty Midcap and Nifty Smallcap closed about 0.97 per cent & 0.59 per cent higher, respectively.  

Shares of Future Enterprises Ltd, Vadilal Industries Ltd and Tata Steel Ltd have rallied strongly in today’s trade.

While markets opened flat, as of noon, BSE Sensex was 0.24 per cent down.

Future Retail Ltd, which is also known as Big Bazaar as departmental retail chain stores, has jumped today by over 9 per cent in the morning session from its previous close of Rs 45.80.

The share price of the company stood at Rs 1,089.1 on March 01, 2021, and since then, it has increased investor wealth by more than three times.

At 12.30 pm on Monday, the core equity indices i.e., Sensex and Nifty 50 were trading flat at 55,880.51, up by 21.99 points or 0.04 per cent, while Nifty was at 16,674.50, up by 16.10 points or 0.83 per cent from the last trading session.   

The stock is also meeting Mark Minervini’s trend template. It is trading above 40, 30 & 10-weekly averages and all of them are trending up. At the same time, there is the desired sequence.