We have collected some stocks based on both fundamental and technical basis across various web sources that are on radar to be trade on this week:
- RIL: Reliance Industries (RILNSE 2.15 %) on Friday reported Rs 9,435 crore consolidated profit for the March quarter, its highest quarterly profit. The energy-to-telecom conglomerate, led by India’s richest businessman Mukesh Ambani, logged 17.26 per cent year-on-year (YoY) rise in profit and beat a Rs 9,350 crore estimate that some analysts had projected in an ETNow poll. The profit figure stood at Rs 8,046 crore in the year-ago quarter. (Source: economictimes.indiatimes.com)
- IndiGo: Aditya Ghosh, president and whole-time director of InterGlobe Aviation, which owns and operates India?s biggest airline IndiGo, stepped down from his posts and will exit the company in July. The board has appointed Rahul Bhatia as the interim CEO (Chief Executive Officer) of the company, the company said in its BSE filing. (Source: economictimes.indiatimes.com)
- PC Jeweller: The company’s board will meet on May 25 to consider the proposal for buy back of fully paid-up equity shares of the company. The stock on Friday tanked another 25 per cent to settle at Rs 178 apiece on BSE. (Source: economictimes.indiatimes.com)
- DLF: India’s largest realty firm plans to launch QIP in June for raising Rs 4,000-4500 crore through sale of shares to institutional investors as part of its objective to become debt free company. The company plans to issue up to 17.3 crore shares through Qualified Institutional Placement (QIP).?(Source: economictimes.indiatimes.com)
- HDFC: The largest mortgage lender is all set to announce its fourth quarter numbers on Monday. The lender is seen reporting 14-16 per cent growth in profit while its asset quality is expected to stay stable. Investors should keenly track growth in corporate loans and the same in affordable housing segment, say analysts.
- Kotak Mahindra Bank: The private sector lender is all set to report its Q4 results on Monday. The stock on Friday closed flat at Rs 1,188.55 apiece on BSE, up just 0.41 per cent. (Source: economictimes.indiatimes.com)
- SBI: State Bank of IndiaNSE 4.03 % is preparing a major debt restructuring and takeover plan for stressed power assets, to improve valuations and attract new owners with incentives and a quick resolution process. The country?s largest lender has called all power plant lenders in Mumbai on Wednesday for discussing a proposal that has a direct bearing on loans adding up to Rs 1.77 lakh crore in 75,000 MW MW stressed capacity. (Source: economictimes.indiatimes.com)
- Lanco Infratech: The company could end up going into liquidation with bankers rejecting the highest offer made by Thriveni Earthmovers. The resolution plan got just 16% support from the committee of creditors, people close to the development told ET. Under the Insolvency and Bankruptcy Code (IBC), a resolution plan needs a 75 per cent vote to be accepted. (Source: economictimes.indiatimes.com)
- KARNATAKA BANK: The stock after the decent correction has bottomed out at around 110 levels and has regained significantly to move past the moving average of 34 wma which is at 123 level and has indicated strength and potential to rise further till 135 levels., The RSI has been in a positive trending mode to signify strength in the stock for still furthermore rise in the coming days. With good volume participation witnessed we recommend a buy in this stock for an upside target of 135 keeping a stop loss of 115. (Source: business-standard.com)
- LARSEN & TOUBRO: The stock has been in a consolidation phase for quite some time and has taken support at around 1,330 levels and now has indicated a positive candle formation in the daily chart to signify strength and potential to rise further in the coming days. The stock has maintained above the significant moving average of 34 WMA and also the RSI has indicated a trend reversal to signal a buy. With good decent volume activity witnessed, we recommend a buy in the stock for an upside target of 1,450 keeping a stop loss of 1,320. (Source: business-standard.com)
Disclaimer: The Stock mentioned are not an advice to buy or sell. It is only for information purpose. The information is collected from various published sources. You are advised to consult your financial advisors before any decision to be taken on the stocks. In no case Wealth Discovery Securities or Ezwealth will be responsible or cannot be liable for any loss on your action taken on the stocks.