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Morning Market Update: Watch Out For Jyothy Labs, Jubilant Foodworks
The last three trading sessions have not been strong for those investing in the stock market. Even today, experts feel that the market may remain volatile. But keep an eye on these stocks amidst the ups and downs of the market, as there are signs of boom
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It seems that the time is not going well for the stock market. The market closed on the red mark on Thursday as well. The decline for the third consecutive trading session was seen despite a positive global trend. It seemed that the market would make up for the fall of the last two days, but it did not happen. The BSE Sensex closed at 60,826.22, down by 241.02 points. While the NSE Nifty fell by 71.75 points to close at 18,127.35 points. Meanwhile, Kospi of South Korea, Nikkei of Japan and Hangseng of Hong Kong closed in the Green Zone. While China's market, which was facing the brunt of Corona, closed at a lower level. Even today, there is a possibility of a period of ups and downs in the market.
Stocks to look out for today
Let’s have a look at the stocks which are expected to be on a rise today. Keeping in mind the increasing threat of the Corona pandemic cases being reported again, a bullish trend can be seen in the shares of Diagnostics companies. Momentum indicator Moving Average Convergence Divergence (MACD) has indicated Vijaya Diagnostic Center Ltd shares witnessing an upward trend. However, yesterday the stock closed at Rs 444, down by 7.19%. It has given a return of 31.05% in the last six months.
Similarly, shares of Jyothy Labs Ltd can also rise today. During the last trading, it closed at Rs 203 with a gain of about 2 per cent. It has given a return of 6.90% in the last one month and 33.60% in six months. Its 52-week high is Rs 217.90. With the threat of Corona looming large globally, there is a possibility of increasing the functioning of companies related to the medical sector and with this their shares can also go up.
MACD has also indicated bullishness in the shares of Jubilant FoodWorks Ltd. This share is currently trading at Rs 532.55. However, its past record has not been very special. It has fallen by 1.48% in the last one month and by 24.66% in one year. In the last 5 days, there has definitely been a growth of 2.46%. Apart from this, the shares of Mahindra CIE Automotive may also see an upward trend. Domestic brokerage firm ICICI Direct estimates that the price of Mahindra CIE may increase.