Midcaps and smallcaps had seen a multi-year rally till early 2018 from September 2013.
IMD projection of ‘normal’ monsoon rains this year has brought cheers to agricultural sector.
Buy Swaraj Engines Ltd. at a price target of Rs 2500.
All these companies have been maintaining RoE and RoCE of over 20 per cent since 2012-13.
Sensex rose 91 points to settle at 33,679 while Nifty50 index closed 41 points higher.
However, with indices trading near record highs, investors and traders should be cautious.
Following the development, the stock rose 4.89 per cent to end the session at Rs 1,987.05.
Nifty may face resistance at 10,400 and it needs to take the level out for any further upmove.
Here is a list of top stocks that are likely to be in focus in today's trading session.
Ebitda for Nifty firms grew 10.4% YoY in Q4FY17, driven primarily by commodity companies.
Buy Swaraj Engines Ltd. at a price target of Rs 2570.
The NSE Nifty was trading 15.15 points down at 9591.75 around the same time.
Among the 51 components in the Nifty index, 19 shares were in green, while 32 were trading in red around the same time.
A normal monsoon will likely result in robust farm production and boost rural demand.
Among the stocks that surged up to 20% by 1.00 pm on Wednesday were Karnavati Finance, TCI Developers (both up 20%)
Some 20 stocks hit their 52-week high levels in the broader market.
In the broader market, TCI Developers (up 15.59 per cent), Swaraj Engines were buzzing with solid gains of over 10%.
Most midcap and small companies derive a large part of their revenues from the domestic market and have relatively lower global exposure.
High dividend-yielding stocks have lower volatility, which makes them a perfect fit for a portfolio in times of volatility in stocks.
Buy Swaraj Engines Ltd. with a target of Rs 1500 and a stop loss of Rs 1350
Gladiator stocks are recommended for a period of 6 months and investors are advised to enter these stock(s) in a staggered manner within the prescribed range.
The current valuations are already factoring in a large part of the estimated growth and consequently there is limited upside in near to medium term.
That was some rally! After trading like water in a dead pond, the domestic market woke up to life in the last hour of trade on Monday to stage a massive surge.
The Indian market is expected to open flat. Here is a list of top twelve stocks that are likely to be in focus today.
The sales volume of Swaraj Engines, a principal supplier of tractor engines to Swaraj Tractors, grew at an annualised rate of 11%.
We will see ROEs of 25-26% coming through for this company. We also expect tractor volumes for the company to pick up going forward, says Pai.
'Swaraj Engines Ltd. is a 'BUY' call with a target of Rs 910 and a stop loss of Rs 855'
ET Now spoke to various experts and here's what they have to recommend for today's trade.
According to an ETIG analysis, FIIs have increased their holdings in at least seven small-cap companies in the past two years.
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