"At the current juncture, ICICI Lombard has given a fresh breakout above the rectangle pattern formation after a consolidation phase, as momentum has been witnessed in price along with marginally higher volumes," Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.

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Stock Radar: Buy ICICI Lombard for a target of Rs 1380 in next 5-7 weeks, says Shitij Gandhi

"DLF has been consistently moving higher since last two months as prices took support around 350 levels and manage to regain a momentum above its 200 days exponential moving average on daily charts," Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.

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Stock Radar: Buy DLF for a target of Rs 475 in next 5-7 weeks, says Shitij Gandhi

A stabilised inflation scenario as compared to other countries and sustainable growth in earnings of Indian companies have given FIIs more reasons to rely on India’s fundamentals, says Ajay Garg of SMC Global Securities

Daily Voice | This broking firm CEO sees China slowdown as a blessing for India; says stay invested in PSU banks

"On technical grounds, this stock is on the verge of a fresh breakout from its defined range after a prolong consolidation of nearly seven months. The positive divergences on secondary oscillators with rising volumes suggest next upswing into the prices," Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.

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Stock Radar: Buy this FMCG stock to gain profits over 10% in next 5-6 weeks

"Tata Consumer is consistently holding well above its short-and-long term moving averages on the daily and weekly charts as well. The fresh breakout in prices has moved the stock above its four-month peak and expected to carry its momentum towards 900 levels from the current juncture," Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said

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Stock Radar: Buy Tata Consumer for a time horizon of 4-5 weeks

"This stock is on the verge of a fresh momentum above its 200-Days exponential moving average which points towards the next upswing into the prices towards 320-325 levels over the next 6-7 weeks," Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.

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Stock Radar: Buy this stock to gain profits in next 6-7 weeks

On short-term charts, Tech Mahindra has given a breakout above the Ascending triangle pattern and can be seen trading in a rising channel with the formation of the higher high and higher bottom pattern," Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.


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Stock Radar: Buy Tech Mahindra for a target of Rs 1280 in next 6-7 weeks, recommends Shitij Gandhi

On broader charts Tata Motors has formed a triple bottom pattern around 375 levels and thereon recovered sharply once again above its 200 days exponential moving average on daily charts, Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.

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Stock Radar: This auto stock can help you make profits in the next 7-8 weeks

The CBI has alleged that iSec services had conducted audit of two “high risk brokers” -- SMC Global Securities Ltd and Shaastra Securities Trading Private Limited -- in a fraudulent manner when the co-location “scam” was going on.

Mumbai ex-top cop’s firm violated SEBI orders in NSE brokers’ audit: CBI

After hitting a 52-week high of 209 levels in the month of April, Coal India retraced back towards 170 levels and took support at its 200-Days exponential moving average on daily charts and has given a fresh breakout above the neckline of the “Inverted Head and Shoulder” pattern,” Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.

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Stock Radar: Coal India a buy for a target of Rs 230 in next 4-6 weeks, says Shitij Gandhi

Board of SMC Global Securities approves buyback of shares up to Rs 75 cr

Hasn't faired well - amongst the low performers

Performance

Undervalued compared to the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

SMC Global Securities is diversified financial services company engaged in broking, distribution and trading of financial products.