Shares of this company have given about 50 per cent returns in the last six months.  

On Friday, the Sensex fell by 141 points to close at 59,463.93, while the Nifty 50 dropped by 274 points to close at 17,511.25

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On Thursday, the Sensex declined by 187.31 points to close at 60,858.43, while the Nifty 50 slipped 57.50 points to close at 18,107.85

Nifty 50 started today’s session lower on the back of negative global trends. In this post, we have highlighted solid stocks that are experiencing excellent trading setup.

Interestingly, the company delivered good profit growth of 36.9 CAGR over the last five years and has a good return on equity (RoE); the track record of a 3-year RoE stood at 33.1 per cent.

Barring Nifty IT index, all the sectoral indices on NSE traded in the red.

BSE Smallcap index performed at par with broader markets, ending in the green territory at 25,621.57 with gains of 1.20 per cent.

BSE Small-cap index underperformed broader markets, closing the session with losses of 0.67 per cent at 27.972.45.    

The stock has jumped nearly 29 per cent on a YTD basis. Meanwhile, it has gained 12 per cent on an MTD basis.   

The markets reacted positively to the Budget wherein, Sensex surged up to almost 974 points, marking the day’s high and is now at 58,159.13, up by 144.96 or 0.27 per cent higher than the last trading session.