Informed Intelligence

COUNT ON IT

UNION BANK OF INDIA | BSE Code: 532477 | CMP: Rs 176 | Volume: 190190

With the commencement of the results season, investors and traders are looking out for some good investible ideas in the public sector banking space. Union Bank has been emerged as a favourite of many on the street. The remarkable uptick in the volumes on this counter supports this fact. There have been some chunks of accumulation over the past few trading sessions. Investors with moderate-to-high risk appetite can look to enter this counter to make some short-term gains.

SHINING BRIGHT

RURAL ELECTRIFICATION CORPORATION | BSE Code: 532955 | CMP: Rs 202 | Volume: 149882

The stock has been moving in a range over the past few sessions and has been witnessing good volumes. The high volumes and range-bound movement has fuelled many big market participants and HNIs to take long positions in the stock. According to market sources, it appears that the company may plan to restructure its debts in the near future, which will act as a trigger for the stock going forward. The stock can be looked at for some short-term trading gains.

TECH ADVANTAGE

HEXAWARE TECHNOLOGIES | BSE Code: 532129 | CMP: Rs 93 | Volume: 327528

The stock has been moving in a range for the last one week and the volumes have moved up in the last couple of trading sessions. The stock has caught the eye of many investors, who have created long positions in the stock and are holding on to it. As far as the market sources suggest, the company is likely to reward its investors shortly. The talk on the street is that it will benefit much more than its peers from rupee depreciation. Therefore, the stock can be an ideal candidate for making short-term trading gains.

A STRONG DOSE

LUPIN | BSE Code: 500257 | CMP: Rs 835 | Volume: 113074

This stock is witnessing good volumes, though the price has not appreciated all that much. It has been consolidating and witnessing range-bound moves. It is heard that the company has grabbed the attention of many investors who have taken short-term long positions in the counter. It is likely to come out with some sentiment-boosting news that will act as a trigger for the prices in the near term. The stock can be looked at for short-term trading gains.