FAST MONEY: GNFC, Apex Frozen among top five intraday stock ideas
The Sensex and Nifty are expected to snap three-session long gaining spree on Tuesday tracking negative trend in Asian markets which fell and the euro slipped back to 6-1/2 month lows as early elections loomed in Italy, but a revival in diplomatic talks with North Korea and a retreat in oil prices from recent highs supported sentiment.
MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.3 percent after three consecutive sessions of gains.
Japan’s Nikkei skidded 0.8 percent while South Korean shares slipped 0.5 percent. Australia’s benchmark index was a touch firmer. Liquidity is expected to be relatively thin with market holidays in Singapore, Malaysia, Indonesia and Thailand.
Here are key intraday stock ideas:
1) Apex Frozen (Buy)
Target: Rs 604
Stoploss: Rs 588
Income at Rs 203 crore from Rs 164
Profit at Rs 17.5 crore from Rs 6.92 crore
2) Aptech (Buy)
Target: Rs 248
Stoploss: Rs 238
Recovery in stock from lower levels
The stock found support after five-day fall
3) NHPC (Buy)
Target: Rs 28.8
Stoploss: Rs 26.6
Margin at 31.45% from 16.37% (YoY)
EBITDA rose 60% to Rs 358 crore (YoY)
4) GNFC (Buy)
Target: Rs 494
Stoploss: Rs 482
Buying in fertiliser stocks
Monsoon to hit Kerala today
WATCH ZEE BUSINESS VIDEO HERE
5 ) Minda Corp (Buy)
Target: Rs 197
Stoploss: Rs 189
Buying continued in auto ancillary stocks
Profit rose 137%, EBITDA 113% (YoY)
(Stocks mentioned here are for informational purpose. Consult your financial advisor before investing.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
08:46 AM IST