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Happy New Year For Stock Market, Watch Out For HDFC, GMR, HFCL Today
2023 began on a strong note for the share market, as the Sensex climbed 327.05 points, closing at 61167.79. Experts say that the market is right now in the favour of bulls and the trend may continue even today
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The year 2023 began on a strong note for the share market, as the Sensex climbed 327.05 points, closing at 61167.79. The Nifty nearly touched the 18,200 mark, closing at 18,197.45 points climbing 92 points, on Monday. Experts say that the market is right now in the favour of bulls and the trend may continue even today.
Stocks To Watch Out For Today
Here are some stocks that can bring in some more money into the investors pockets. HDFC stock is trading at Rs 1,628.15, approaching its 52-week high level of 1,722.10. On Monday, GMR showed a bullish trend and it is expected to continue even today. This share is available at a price of Rs 40.80. Apart from this, do watch out for stocks like Zomato, Mahindra & Mahindra Financial Services (M&MFIN), HFCL, PSP Projects, Hindustan Zinc and South Indian Bank today. HFCL bagging an order of Rs 95.38 crores will surely have an impact on its stock value, which is currently trading at Rs 75.75.
These Stocks May Climb
Experts from the market have named a few stocks that need to be checked. IRCTC, Tata Motors, GMR Airports and Infrastructure, Axis Bank are few of these names. IRCTC is currently trading at Rs 642.70 but is going slow and has seen a jump of only 2.31 per cent in the last few days. Similarly, Tata Motors which is trading at Rs 395 has given a return of only 0.32 per cent. However, market experts say that the market position of both these companies is pretty strong and their stocks may climb up today.
South Indian Bank, SP Projects May Also Rise
Kerala based South Indian Bank has registered a year by year growth of 18 per cent. This will surely have an impact on the stocks of this bank. Its stock has witnessed a jump of 2.39 per cent yesterday. Meanwhile, SP Projects is also expected to bag a project by Gujarat Government, and this will show its effect on the company’s stocks.
Another resignation in Zomato can have a strong impact on its market position. The company has been witnessing this scenario since November last and the latest resignation by its co-founder and CTO Gunjan Patidar will have a very strong effect on its shares. Experts feel that today it is expected to go down.