Informed Intelligence

LOOKING STRONG

DENA BANK

BSE Code: 532121
CMP: Rs 107
Volume: 329141

The volumes in this counter are on the higher side, and the stock has been witnessing good buying interest for the last few sessions. The buzz in the market is that it is expected to perform well going ahead. According to market sources, some big players and some of the large domestic fund houses have taken long positions in the stock. They are expecting it to move up based on its second quarter performance, which is likely to be good. The stock can be looked at from a short-term trading perspective.

TECH BUZZ

HCL TECHNOLOGIES

BSE Code: 532281
CMP: Rs 584
Volume: 31907

The stock has been witnessing good volumes in the last few trading sessions, and has remained one of the favourite counters among traders. According to market sources, the stock is likely to witness a further upward move from its current levels. Domestic fund houses and large market participants have entered the stock and expect some positive announcement from the company in the near future. The positive results for the September quarter will also act as a trigger. Therefore, the stock can be looked upon for short-term trading gains.

SHINING BRIGHT

BLUE STAR

BSE Code: 500067
CMP: Rs 207.60
Volume: 11000

The stock has been moving up and down in the same range for quite some time now. There has been a good accumulation in the stock over the past one week, which is quite evident from the increased volumes in the counter. Our sources suggest that some large institutions are taking a keen interest in the stock and have been accumulating it over the last fortnight. The stock is likely to witness an upward move in the short term.

ROLLING ALONG

APOLLO TYRES

BSE Code: 500877
CMP: Rs 85
Volume: 304000

The volumes in this counter have been on the higher side, but the price movement is not as much as it should have been. It has been consolidating and witnessing a range-bound move for some time now. It has been heard that many big ticket investors and market participants are keeping a close watch on the company and are slowly building their positions in the stock. Market sources also suggest that long positions have been created in the stock by some big market participants. The stock can be looked at for short-term trading gains.