Daily Dose #StocksToWatch #10

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Please note that below shared chart analysis is our way of sharing market pulse using four stocks. If you are taking trade on any of the stocks mentioned ensure that you have looked at things from all the angles and only after assessing the risk you are doing something.

  1. Vedanta Ltd. MCap ₹116109Cr. CMP ₹312. Tradeable Float MCap ₹10775 Cr 

The group engages in the exploration, production and sale of zinc, lead, silver, copper, aluminium, iron ore and oil & gas. with presence across India, South Africa, Namibia, Ireland, Liberia & UAE. Segments – Aluminum Business (~33% of revenues), Zinc, Lead & Silver (~28% of revenues), Copper Business (~13% of revenues), Oil & Gas (~9% of revenues), Power Segment (~6% of revenues), Iron Ore Segment (~5% of revenues), Other Businesses (~6% of revenues).

In Oct 2020 promoter tried to delist it but failed and then over next two quarter they increased their stake from 50% to 65%. First they got 5% in Dec 2020 and then by April 2021 they increased it further by 10%. Promoter wanted to delist it near ₹160 but LIC and some others wanted it to delist at ₹320. 90% shares were not tendered as required by law and it failed. Then prevailing prices were near ₹100 only.

Courtesy – TradingView. Click image to embiggen.
  1. Vardhman Textiles. MCap ₹12118Cr. CMP ₹2103. Tradeable Float MCap ₹1345 Cr 

They cater to some big international brands like GAP, H&M, Walmart, Calvin Klein, Tommy Hilfiger, and so on and are present in 58 countries. They are engaged in the business of manufacturing Yarn, Fabric, Acrylic Fiber and Garments. More details here.

Courtesy – TradingView. Click image to embiggen.
  1. TVS Motor. MCap ₹27261Cr. CMP ₹574. Tradeable Float MCap ₹2680 Cr 

TVS Motor Company is engaged in the business of manufactures two wheelers, three wheelers, parts and accessories thereof. With sentiment change and revival in auto this can surprise you. More details here.

Courtesy – TradingView. Click image to embiggen.
  1. Esab India. MCap ₹3623Cr. CMP ₹2346. Tradeable Float MCap ₹445 Cr 

Details here in this video.

Courtesy – TradingView. Click image to embiggen.

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