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Adani Enterprises Enter Gainers List, Varun Beverages, ITDC, Poonawala Fincorp Keep Market Sailing
Tuesday also saw both BSE and NSE closing on the red mark. Experts say that this trend may continue even on Wednesday, although some shares show hope
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Tuesday too continued to be a gloomy day for the share market, as both BSE and NSE closed on the red mark. The Sensex was down by 220.86 points to close at 60,286.04, while the Nifty was down by 43.10 points to close at 17,721.50. As the stock market eagerly waits for the RBI Monetary Policy Committee on the interest rates, the market will witness a roller coaster ride even today.
The Big Jumps
As Gautam Adani entered the Forbes list once again, the shares of the Adani group companies too started witnessing an upward trend. Adani Enterprises saw a gain of 15.28 per cent to close at Rs 1,813.00.
India Tourism Development Corp too was another big gainer for the day. Trading at Rs 356.90, this share saw a gain of 6.71 per cent on Tuesday and has given a return of 1.55 per cent in the last one month.
It was a good day for investors of Varun Beverages as well. The beverage company released its Q3 report and has seen a profit of 150 per cent, which saw its shares soaring by 5.84 per cent to close at Rs 1,293.20. This share too has seen a gain of 11.64 per cent in the last 5 days. It will continue to witness a bullish trend even today.
Bullish Signals In These Stocks
The Momentum Indicator Moving Average Convergence Divergence (MACD) has shown a bullish trend in Indus Towers, Jaiprakash Power and Poonawalla Fincorp. The stock of Indus Towers was down by 0.22 per cent to close at Rs 161.70 yesterday. However, it has gained 4.97 per cent in the last five days.
Shares of Jaiprakash Power registered a gain of 2.14 per cent yesterday to close at Rs 7.15. It in inching closer to its year range of Rs 9.45, however the last one month has not been a joyride for this stock.
Poonawalla Fincorp also closed on the green mark with a gain of 2.72 per cent on Tuesday. Trading at Rs 300, this too is moving towards its year range of Rs 343.80 and has given 21.41 per cent returns in last one year.
Q3 Earnings Report To Be Out Today
The report of Q3 earnings of these companies is expected to be released today and hence, it will be a good move to keep an eye on their share prices -
Shree Cement, Adani Power, Adani Wilmar, Cummins India, Escorts Kubota, Dreamfolks Services, Endurance Technologies, Equitas Small Finance Bank, GATI, Gujarat Pipavav Port, Graphite India, HG Infra Engineering, Honeywell Automation India, IRCON International, ITD Cementation India , Minda Corporation, Samvardhana Motherson International, Narayana Hrudayalaya, Oberoi Realty, Piramal Enterprises, Specialty Restaurants, Symphony, Tracxn Technologies, Trent, Windlas Biotech.