Daily Dose #StocksToWatch #1

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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. Birla Corp. MCap ₹10488 Cr. CMP ₹1363. Tradeable Float MCap ₹1930 Cr 

A mid cap cement business with more capacity comping online part of MP Birla Group. A more than 4 months long base and stock has reversed from support with good volume on weak day in the market.

Courtesy – TradingView. Click image to embiggen.
  1. Godfrey Phillips. MCap ₹6072 Cr. CMP ₹1167. Tradeable Float MCap ₹911 Cr 

A KK Modi (Lalit Modi of IPL fame) group company into cigarette business which owns iconic brands such as Four Square, Red & White, and Cavanders. It has license to source and supply Marlboro brand in India from Philip Morris International.

Courtesy – TradingView. Click image to embiggen.
  1. Hindalco. MCap ₹111087Cr. CMP ₹494. Tradeable Float MCap ₹16163 Cr 

An Aditya Birla group company into business of Aluminium and Aluminium Products, Copper and Copper Products.

Courtesy – TradingView. Click image to embiggen.
  1. IEX. MCap ₹19076Cr. CMP ₹637. Tradeable Float MCap ₹4200 Cr 

A power exchange licensed by CERC working as near monopoly in Indian market. They are platform for spot trading in power / electricity and trading of Renewal Energy Certificate (REC) and Energy Saving Certificates (ESCerts). This is a promoter less company being exchange and was started by FT but now only FII/DII stake is there.

Courtesy – TradingView. Click image to embiggen.

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Disclaimer: Posts on the platforms of BN are our perspective on the market. These are purely meant for learning purposes. The perspective provided should not be construed as investment advice or solicitation to trade. We may have positions in the stock mentioned. You agree to make no trade relying on the above contained information fully or partly. By using the content, you agree to these T&Cs.

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