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Keep An Eye On The Market Today For These Shares
After days of gloom, the stock market finally saw some good news on Monday. The Christmas cheer seemed to have worked on Monday, and it is expected to continue on Tuesday as well
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After witnessing a roller coaster ride from the past many days, the stock market finally saw a boom on Monday. The BSE Sensex closed at 60,555 with a gain of 704 points, while the NSE Nifty closed at 18,006 with a gain of 200 points. This boom in the market can be credited to the purchase of banking stocks. Experts opine that the pace of the market can remain intact even today. Here’s a look at stocks that may remain strong even today.
UCO Bank, Bajaj Hindustan
Momentum indicator MACD has given bullish signals in the shares of UCO Bank, Bajaj Hindustan and Granules India. UCO Bank's share is currently running at Rs 32.15. Yesterday, it showed strength of about 9 percent. However, it has also registered a decline of 1.08% in the last five days. At the same time, the shares of Granules India Ltd closed at Rs 329.60 with an increase on Monday. Similarly, Bajaj Hindustan also gained around 5%. The price of this share is Rs 16.85.
NTPC Limited
Stocks of NTPC Limited are expected to go strong today. The stock closed with a jump on Monday as well. This share of less than Rs 200 has given a return of 19.86% in six months. Whereas in one year, this figure has increased to 36.23%. The fact that the power generation company NTPC has signed an MoU with Tecnimont, the Indian unit of an Italian company, perhaps explains this trend. Both will work on the possibility of production of green methanol in India. The shares of Share India Securities Ltd can also jump today. It is currently trading at Rs 1,171.50 and closed on the green mark on Monday with a gain of 2.02%.
GR Infraprojects Ltd
Shares of GR Infraprojects Ltd can do well today. Actually, this company has got the completion certificate for the expressway carriageway in Madhya Pradesh. This Bharatmala project is very important for the company. Apart from this, the shares of Time Technoplast may also gain strength today. According to media reports, the company has received a big order from Adani Total Gas, which may have an impact on its shares. This stock had closed at Rs 84 on Monday with a great increase.