Daily Dose #StocksToWatch #2

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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. Aditya Birla Fashion. MCap ₹23071 Cr. CMP ₹246. Tradeable Float MCap ₹2875 Cr 

Aditya Birla Group branded apparel business where 7.8% stake is held by flipkart. 40% revenue comes from Pantaloons. Brand portfolio includes Louis Philippe, Van Heusen, Allen Solly and Peter England in domestic market of India. International brands such as The Collective and select mono-brands such as Simon Carter, Hackett London, Ted Baker, Ralph Lauren, American Eagle, and Fred Perry are also there.  It also holds online and offline rights to the India network of California-based fast fashion brand Forever 21.

Courtesy – TradingView. Click image to embiggen.
  1. Maithan Alloys. MCap ₹3411 Cr. CMP ₹1173. Tradeable Float MCap ₹820 Cr 

Company is in the business of manufacturing and exporting of all three bulk Ferro alloys- Ferro Manganese, Silico Manganese and Ferro Silicon. Prices of these alloys are sky rocketing and this stock has been earlier discussed in #stockpecharcha too. Stock is flirting with highs and once it takes out previous high it will turn into rocket.

Courtesy – TradingView. Click image to embiggen.
  1. GR Infra. MCap ₹18064 Cr. CMP ₹1867. Tradeable Float MCap ₹361 Cr 

It is an integrated road Engineering, Procurement, Construction company (EPC) with experience in the design and construction of various road/highway projects across 15 States in India. They take project under EPC and BOT model. Recent IPO from construction space with low float. This is classic IPO trade.

Courtesy – TradingView. Click image to embiggen.
  1. Dollar Industries. MCap ₹2142 Cr. CMP ₹378. Tradeable Float MCap ₹410 Cr 

Company is into business of manufacturing and sale of hosiery products in knitted inner wears, casual wears and thermal wears. Above the top red line it will catch the momentum. Stock has been on radar for long and earlier shared on twitter and #stockpecharcha weekly YouTube show.

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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