Informed Intelligence

PIPING PROFITS

WELSPUN CORP
BSE Code: 532144
CMP: Rs 55.85
Volume: 1578664

If we go by the movement of the counter, it has seen volumes that are clearly on the upper side and the price movement of the stock is also witnessing a northward journey. According to market sources, the stock is likely to witness more buying in the short term as one of the largest domestic broking houses having a presence in both retail and institutional side is pitching high on the stock and is marketing it all out. Some big HNIs have already taken good positions in the stock and are in no mood of selling it on an intraday trading. One can look at the stock from a short-term trading perspective.

POCKET MONEY

INDUSIND BANK
BSE Code: 532187
CMP: Rs 424
Volume: 90369

The stock has been moving in a particular range for the last one week and the volume has seen some uptick in the last couple of trading sessions. The stock has caught the eyes of various investors who have created long positions in it and are holding on to it. As far as the market sources suggest, the company is likely to reward investors either in the form of some dividends or bonus issues in the near future. The players are hoping that the counter may become the next big thing in the banking space. Therefore, the stock can be an ideal candidate for making short-term trading gains.

RIPE DEVELOPMENT

BF UTILITIES
BSE Code: 532430
CMP: Rs 273
Volume: 1432592

The stock has been witnessing huge volumes in the last few sessions and has remained one of the favourite counters among traders in the last week. According to market sources, the stock is likely to witness an upward move further from its current levels. Domestic fund houses and big market participants have entered the stock and expect some positive announcement in the stock from the company. Therefore, the stock can be looked at from a short-term trading gain.

ENERGISING BUSINESS

BHARAT HEAVY ELECTRICALS
BSE Code: 500103
CMP: Rs 185
Volume: 308788

The stock has been fluctuating for some time now in a range bound manner which is quite clear if we look at the price movement for the last ten trading sessions. There has been a good accumulation in the stock for the past one week and that is quite evident with the volumes in the counter. Our sources suggest that a big government institution is taking a keen interest in the stock and have been accumulating it in the last fortnight. They are also looking forward to further enhance their position in the forthcoming fortnight for which a buying interest can be seen and it may witness an upward move in the short term.