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More than 30 stocks gave 10-30% return in 5 trading sessions; 7 stocks hit life highs
Indian markets closed the day on a positive note ending below 10,800 levels. Positive monsoon expectation will help drive sales in the coming quarters.
Just about 0.6 percent but over 30 stocks from the small & midcap space gave 10-30 percent return for the week ended July 6.
As many as 34 stocks from the S&P BSE Smallcap index rose in double digits up to 31 percent in five trading sessions which include names like Arshiya (up 31 percent), MBL infrastructures (up 27 percent), Electrosteel Steels (up 27 percent), Alok Industries (up 26 percent) and MIC Electronics (up 26 percent).
On the losing side, as many as 27 companies saw double-digit cuts up to 27 percent for the week ended July 6 which include names like Hathway Cable, Kitex Garments, Den Networks, 8K Miles, Pincon Spirit, Vakrangee, JBF Industries, Uttam Galva, Kwality among others.
Trade war fears, the launch of JioGigaFibre, which weighed on telecom and cable TV stocks, kept the market under check. However, expectations of strong earnings from India Inc., monsoon rains, and hike in MSP rate helped D-Street to climb all wall of worries.
Indian markets closed the day on a positive note ending below 10,800 levels. Positive monsoon expectation will help drive sales in the coming quarters. We continue to maintain a positive view on the market and feel the governments focus on rural India, financialization of savings, infrastructure spending will help companies.
The number of stocks hitting 52-week low was much higher than stocks hitting a 52-week high. The right investment strategy for investors should be to stay with stocks hitting highs and avoid averaging stocks which are hitting fresh 52-week lows.
If you want more information regarding the Market News & many other tips like Intraday Tips, MCX Normal Calls, Indore Advisory Company, Bullion Market Tips, Share Market Services, NSE & BSE Market Tips, Free MCX Market Tips, MCX Premium Tips, Bullion Energy Tips, commodity market tips.
TOLL-FREE No- 9009010900
Whatsapp No-9300421111
Just about 0.6 percent but over 30 stocks from the small & midcap space gave 10-30 percent return for the week ended July 6.
As many as 34 stocks from the S&P BSE Smallcap index rose in double digits up to 31 percent in five trading sessions which include names like Arshiya (up 31 percent), MBL infrastructures (up 27 percent), Electrosteel Steels (up 27 percent), Alok Industries (up 26 percent) and MIC Electronics (up 26 percent).
On the losing side, as many as 27 companies saw double-digit cuts up to 27 percent for the week ended July 6 which include names like Hathway Cable, Kitex Garments, Den Networks, 8K Miles, Pincon Spirit, Vakrangee, JBF Industries, Uttam Galva, Kwality among others.
Trade war fears, the launch of JioGigaFibre, which weighed on telecom and cable TV stocks, kept the market under check. However, expectations of strong earnings from India Inc., monsoon rains, and hike in MSP rate helped D-Street to climb all wall of worries.
Indian markets closed the day on a positive note ending below 10,800 levels. Positive monsoon expectation will help drive sales in the coming quarters. We continue to maintain a positive view on the market and feel the governments focus on rural India, financialization of savings, infrastructure spending will help companies.
The number of stocks hitting 52-week low was much higher than stocks hitting a 52-week high. The right investment strategy for investors should be to stay with stocks hitting highs and avoid averaging stocks which are hitting fresh 52-week lows.
If you want more information regarding the Market News & many other tips like Intraday Tips, MCX Normal Calls, Indore Advisory Company, Bullion Market Tips, Share Market Services, NSE & BSE Market Tips, Free MCX Market Tips, MCX Premium Tips, Bullion Energy Tips, commodity market tips.
TOLL-FREE No- 9009010900
Whatsapp No-9300421111
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