FAST MONEY: Tourism Finance , Thermax among key intraday money-making ideas
The Sensex and Nifty are expected to open flat on Monday tracking mixed trend in Asian markets on the first trading day of the second half of the year, with trade war worries between the US and its trading partners still a key concern for investors.
The Sensex and Nifty are expected to open flat on Monday tracking mixed trend in Asian markets on the first trading day of the second half of the year, with trade war worries between the US and its trading partners still a key concern for investors.
At 7:50 am, SGX Nifty was trading at 10,692.50, up 0.50 points or 0.03 per cent.
Overseas, the Nikkei 225 slipped 0.09 per cent as the consumer goods and utilities sectors logged declines. The Shanghai composite slipped 0.31 per cent, while the smaller Shenzhen composite was little changed. The Hong Kong markets were closed on Monday for a holiday.
Meanwhile, Wall Street’s major stock indices edged higher on Friday, as a surge in Nike Inc shares helped the quarter close out on an upswing while concerns over U.S. international trade relations ebbed.
The Dow Jones Industrial Average rose 55.36 points, or 0.23 per cent, to 24,271.41, the S&P 500 gained 2.06 points, or 0.08 per cent, to 2,718.37 and the Nasdaq Composite added 6.62 points, or 0.09 per cent, to 7,510.30.
Here are top intraday money-making ideas
TCS (Buy)
Target: Rs 1870
Stoploss: Rs 1840
Tata Consultancy Services confirmed promoters will participate in its buyback
TCS had said it would buy back over 7.6 crore shares at a price of Rs 2100 each
Tourism Finance (Buy)
Target: Rs 152
Stoploss: Rs 144
Existing investors willing to buy stakes
Investors have offered buying 26% stake
RBI's approval to the proposal is needed
Redkite Capital, India Opp III Pte, Koppara Sajeeve Thomas are existing investors
Cox & Kings (Buy)
Target: Rs 216
Stoploss: Rs 207
Education business to launch IPO
IPO will be listed in UK.
Baird has been appointed to track the IPO launch process
WATCH ZEE BUSINESS VIDEO HERE
Thermax (Buy)
Target: Rs 1060
Stoploss: Rs 1035
Thermax received an order of Rs 340 crore from a leading Indian steel manufacturer
The order is for a specially designed boiler, electric turbo generators and ancillary equipment etc
NCC Buy)
Target: Rs 100
Stoploss: Rs 94
Short-covering in the stock after steep fall
The company is an LI bidder; it received orders worth Rs 5000 crore
(Stocks mentioned here are for informational purpose. Consult your financial advisor before investing.)
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