NIFTY Index Chart Analysis
NIFTY Index Chart Analysis
NIFTY ERASES BEARISH BIAS
With huge three-day price swings during the last week, equities rebounded and closed almost at the previous week’s high.
Rs 220,00,00,000 capex plan: This speciality chemicals company is into expansion of business & announced stellar results; promoters & DIIs increase stake!
The stock gave multibagger returns of 250 per cent in just 1 year and a whopping 700 per cent in 3 years.
The promoters of the company have increased their stake to 50.29 per cent and DIIs have increased their stake to 2.12 per cent in March 2024 compared to 44.79 per cent and 0.63 per cent respectively in December 2023.
Watch out for these Penny Stocks locked in the upper circuit on May 02
Sensex surging by 0.35 per cent and Nifty also up by 0.39 per cent.
The broader market sentiment is positive, with 1,168 stocks advancing compared to 932 stocks declining.
1000 per cent multibagger returns: This small-cap solar manufacturer secures significant orders for supply of solar PV modules, stock hits upper circuit today!
The company's shares have generated an impressive multibagger return of over 180 per cent in the past six months only.
The promoters increased their stake in the company in Q4 FY24.
Benchmark indices surge amidst positive cues from European markets!
European markets are heading for a higher open on Thursday. European futures DAX, CAC and FTSE trade higher by 0.06 per cent and 0.09 per cent and 0.42 per cent respectively.
On April 30, 2024, foreign institutional investors (FII) bought shares worth Rs 1,071.93 crore, while domestic institutional investors (DII) bought shares worth Rs 1,429.11 crore.
Recommendation from IT sector and Food Processing Sector
The scrips in this column have been recommended with a 15-day investment horizon in mind and carry high risk. Therefore, investors are advised to take into account their risk appetite before investing, as fundamentals may or may not back the recommendations.
Heavy buying: Back-to-back upper circuit in this multibagger stock; reports a 3,800 per cent jump in net profit!
Shares of the company have gained about 90 per cent in the last six months.
Shares of the company have gained about 90 per cent in the last six months.
Kerbside
These stock recommendations are predominantly momentum based stocks and based on Word of Mouth.
These stock recommendations are predominantly momentum based stocks and based on Word of Mouth. They are more based on hearsay and comprised of stock recommendations provided by brokers, analysts and dealers (not affiliated to DSIJ).
Recommendation from a Construction - Residential & Commercial Complexesew
This section gives a recommendation of a stock having stock price below Rs 150 with sound fundamentals and expected to give handsome returns over a one-year time horizon.
Highest ever sales and profit in Q4 and FY24, stock hits upper circuit; order book surges over 450 per cent in FY24 of this small cap IT company
The company’s order book has grown substantially by over 450 per cent, from Rs 712 million to Rs 4118 million in FY24, stock rallied over 100% in the last six months only.
The management's main focus is now towards AI-led income generation, and in FY24, income from AI grew by 2.6 times.
FIIs bought 35,66,839 shares & Ashish Kacholia bought 25,000 shares of this multibagger forging stock: From Rs 92.55 to Rs 292 per share in just 1 year!
From Rs 92.55 per share (52-week low) to Rs 292 per share, the stock gave multibagger returns of 215.5 per cent in just 1 year whereas BSE Small-Cap Index is up by 63 per cent.
From Rs 92.55 per share (52-week low) to Rs 292 per share, the stock gave multibagger returns of 215.5 per cent in just 1 year whereas BSE Small-Cap Index is up by 63 per cent.
Recommendation from an Infrastructure sector
This column gives you scrip chosen by the research team during the fortnight that is fundamentally strong and expected to give good capital appreciation over a time period of 1 year.