Informed Intelligence

A WINNING FORMULA

DISHMAN PHARMACEUTICALS & CHEMICALS

BSE Code: 532526
CMP: Rs 81.50
Volume: 145000

The stock was subdued in terms of performance on the bourses for the past one month. In more recent trades, though, it saw better volumes. Market sources suggest that this is an opportune time to get into the stock after it had corrected and buying by institutions has already begun in the counter. Hence, a northbound journey in the stock may be seen. Traders with a high risk appetite can look at this counter to make some quick gains.

SURE FOOTED

BATA INDIA

BSE Code: 500043
CMP: Rs 1061
Volume: 27000

Going by the movement in the counter, it has seen volumes that are clearly on the upper side, and the stock price is also witnessing an upward movement. According to market sources, the stock is likely to witness more buying in the short term, as one of the large broking house with a presence in both retail and institutional is pitching high on the stock and feels that there is still some steam left in the stock. Some big HNIs have already taken good positions in the counter and are in no mood of selling it in intraday trading. One can look at the stock for a short-term horizon.

TENSILE STRENGTH

TATA STEEL

BSE Code: 500470
CMP: Rs 392
Volume: 692000

Readers may wonder why a large-cap stock features among these recommendations. Well, according to market sources, this stock is likely to move higher in the coming days. There is a strong buzz that the company may come out with an announcement that may induce positive sentiments in the counter. A cartel of HNIs has been tracking the stock closely and at the same time has created buy positions. Investors may look at the stock for some short-term gains.

DIGGING WELL

ABAN OFFSHORE

BSE Code: 523204
CMP: Rs 372
Volume: 2081000

The stock is witnessing good buying interest for the last few sessions and is expected to show better price performance going ahead. As per the market buzz, 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. The stock can be looked at from a short-term trading perspective.