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Stock Market Shine Is Back, Reliance Naval, TVS Motor To Give Good Returns
This week, the stock market closed with a boom for the second consecutive day on Tuesday. This came as a relief for those investing in the stock market, because so far the market had been showing a downward trend. For Wednesday too experts say that there are indications that the market momentum will continue
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After a dull period, the stock market seems to be shining bright as the year comes to an end. The market has seen a boom in the last two days and it is expected to shine even today.
This week, the stock market closed with a boom for the second consecutive day on Tuesday. The BSE Sensex closed at 60,927 with a gain of 0.60 per cent and the NSE Nifty closed at 18,132 points with a gain of 0.65 per cent. This came as a relief for those investing in the stock market, because so far the market had been showing a downward trend. For Wednesday too experts say that there are indications that the market momentum will continue.
Watch out for this share
According to the market experts, there are some stocks that can give profits to investors amidst the current market wave. Momentum indicator MACD has given bullish signals in some stocks including Reliance Naval and Engineering Ltd and TVS Motor. Reliance Naval is currently trading at Rs 2.65. If you are looking to invest in a low priced stock, then this can be a good option. It has climbed 8.16 per cent in the last five days. Talking about TVS, it closed on the green mark on Tuesday. Currently it is trading at Rs 1,047.
This stock saw more than 9% return in a day
A boom can also be seen in CCL Products India today. On Tuesday, this stock closed at Rs 564.50 with a jump of 9 per cent. It has given a return of 9.29 per cent in the last 5 days and almost 50 per cent in six months. It has crossed its 52-week high and at the moment, it is showing signs of acceleration. If you want to invest in stocks below Rs 40, then you can choose KCP Sugar too. Yesterday it gave an excellent return of 16.39 per cent and is priced at Rs 31.25.
Watch out for this stock today
Although the shares of Rail Vikas Nigam have been showing a soft trend for the last 5 days, today it may pick up. This stock with a market price of Rs 63.55 has given 85.82 per cent return in the last one year. The Rail Vikas Nigam has bagged a major project for Maldives and its effect can be seen on its shares. Apart from this, the experts are also seeing a scope of profit in ONGC. They believe that the stock of Rs 144.45 can still go higher.