Informed Intelligence

SPARKLING GAINS

COLGATE-PALMOLIVE (INDIA)

BSE Code: 500830
CMP: Rs 1240
Volume: 18000

One of the renowned names in the FMCG space, the stock has been witnessing buying interest for the past few trading sessions. This stock has bucked the trend that its peers are seeing at this point of time in terms of movement on the bourses. The buzz of de-listing has once again come to the forefront and is doing the rounds in the trading desks of different leading broking houses. This rumour is likely to take the stock to a newer price horizon. It can be looked upon for short-term trading gains.

HIGH TECH

PERSISTENT SYSTEMS

BSE Code: 533179
CMP: Rs 831
Volume: 53000

The stock has been witnessing good buying interest over the past few sessions and as per the market buzz, is expected to show better price performance going ahead. It is heard that some big market participants and some of the large domestic fund houses have taken long positions in the stock and are expecting it to move in the northward direction. Also, FIIs have increased their stake substantially in the last three quarters, which is another positive trigger. Investors can consider this stock from a short-term trading perspective.

A STRONG CHANNEL

REDINGTON (INDIA)

BSE Code: 532805
CMP: Rs 63
Volume: 26000

There has been a spurt in the volumes on this counter in the last few trading sessions. The price, however, has remained in a range, suggesting that the stock may witness some northbound moves in the short term. Many traders and HNIs are betting on the stock and have created large buy positions. There is also a buzz that the stock is witnessing some buying interest by the promoters, which may act as a positive sentiment. One can look at the stock from the short-term trading perspective.

WELL OILED

CAIRN INDIA

BSE Code: 532792
CMP: Rs 315
Volume: 324000

Readers may wonder why we are recommending this large-cap stock here. Well, the reason is quite simple. Market sources suggest that the stock is likely to witness better northward move in the coming days. In fact, there has been a strong buzz that the company may come out with an announcement that may induce positive sentiments for it on the bourses. A cartel of HNIs has been tracking the counter closely and has created ‘buy’ positions in it. The stock looks good to make some short-term gains.