Stocks in Focus: Today’s eyes will be on stocks like ZEE-Kotak Mahindra Bank, advice to bet in these stocks in intra-day
Stocks in Focus: Today the focus will be on stocks like Zee, Kotak Mahindra Bank and L&T.
Stocks in Focus: After two consecutive days of bullishness, today’s F&O expiry day (23 December) is also showing signs of strength in BSE Sensex and Nifty 50. A trading day earlier, the Sensex had gained 611 points at 56,930 and the Nifty closed at 16,955 with a jump of 184 points. According to Nagraj Shetty, Technical Research Analyst, HDFC Securities, the bullish trend in the market may continue and Nifty may now face resistance at 17000-17200 levels. It is getting immediate support at the level of 16830. Today the focus will be on stocks like Medplus Health Services, Zee Entertainment, Kotak Mahindra Bank, L&T, Axis Bank and Vedanta.
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Today the focus will be on these stocks
MedPlus Health Services: Today there is a listing of the country’s largest pharmacy retail chain MedPlus Health Services. Its IPO was subscribed 53 times. Under the Rs 1,398 crore IPO of MedPlus Health, new equity shares worth Rs 600 crore have been issued.
ZEEL: Zee Entertainment Enterprises Limited (ZEEL) and Sony Pictures Networks India (SPNI), an indirect subsidiary of Sony Pictures Entertainment, have signed a Definitive Agreement. Under this, both the companies will come together as one of the largest media and entertainment company in the country.
Mahindra Bank Box: A unit of Kotak Mahindra Bank on Wednesday announced that it has acquired the passenger vehicle portfolio of the captive lending platform of the existing Ford Motor Company. However, the amount of the deal could not be disclosed.
Larsen & Toubro: A huge order has been bagged for the construction of L&T’s construction unit for building and factory. Under this, a township will be constructed in the largest residential township in Bangalore. Under this project, 6768 apartments will be constructed in 39 towers. It will have 2 basement, ground and 27-31 floor construction.
Axis Bank: Axis Bank has allotted 26,000 senior unsecured taxable redeemable non-convertible debentures (Series-6). Their face value is Rs 10 lakh and they have been allotted on private placement basis at a coupon rate of 6.99 per cent per annum. Their total value is Rs 2600 crore.
Vedanta: Vedanta on Wednesday informed about the plan to raise Rs 1,000 crore through non-convertible debentures. The company will hold a meeting of the committee of directors next week regarding this. Vedanta has given this information in the BSE filing.
Advice to bet on these stocks in intra-day
According to Reliance Securities, today you can bet on Eicher Motors, Kotak Bank and Cummins India in intra-day.
- EICHERMOT: In the price range of Rs 2,480- Rs 2,465, take a long position with a target price of Rs 2540 and a stop loss of Rs 2430.
- KOTAKBANK: In the price range of Rs 1,762- 1,750, you can take a long position with a stop loss of Rs 1720 and a target price of Rs 1820.
- CUMMINSIND: In the price range of Rs 918-910, take a long position with a target price of Rs 954 and a stop loss of Rs 894.
(Stock recommendations given in the story are those of the respective research analyst and brokerage firm. Financial Express Online takes no responsibility for the same. Investments in capital markets are subject to risks. Before investing, please consult your advisor.)
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