Informed Intelligence
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TAKING WING
VENKY'S (INDIA)
BSE Code: 523261
CMP: Rs 443
Volume: 3009
The price movement in this counter over the recent past has been very good. Market sources suggest that the stock is being accumulated by some of the large market participants and big fund houses in India, who are playing on the robust
first quarter results that the company is likely to announce. It is heard that the results will be on the higher side and that the stock price may witness a further northward move shortly. The stock can be an ideal candidate for some short-term trading gains.
COOKING UP GAINS
BUTTERFLY GANDHIMATHI APPLIANCES
BSE Code: 517421
CMP: Rs 330
Volume: 1345
The volumes in this counter have been on the higher side, but the price has not been moving in line with the volumes. The stock has been consolidating and witnessing a range-bound move. It is heard that the company has caught the eye of many investors, who have taken long positions in the counter. The trigger for the stock may be that the company is likely to win a hefty contract from a state government in the near term. The stock can be looked at for short-term trading gains.
STEELING ITSELF
HINDALCO INDUSTRIES
BSE Code: 500440
CMP: Rs 126
Volume: 710291
The stock has been witnessing huge volumes in the past few sessions, and has remained one of the favourite counters
among the traders in the past week. According to market sources, it is likely to witness a further upward move from its current levels. Certain domestic fund houses and big market participants have entered the stock and expect some
positive announcement in the counter from the management. It can be looked upon from a short-term trading perspective.
CREATING WEALTH
FEDERAL BANK
BSE Code: 500469
CMP: Rs 447
Volume: 11681
The stock looks to be an ideal candidate if an investor wants to play in the banking space on the smaller side for short-term gains. It has witnessed good volumes in the past few trading sessions. It looks like some sort of accumulation is taking place and the stock may witness a good northward move in the near term. Investors with a decent risk appetite may create positions in the stock to make some short-term gains.