Current price is less than the intrinsic value

Intrinsic value

Stock has been generating better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

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

Entry point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

Swastika Investmart consolidated net profit declines 43.42% in the December 2022 quarter

Pravesh Gour, Senior Technical Analyst at Swastika Investmart has given his trading strategies for stocks that hit 52-week highs in Tuesday’s session

RBL Bank, Apollo Tyres, RHI Magnesita: What should traders do with these stocks

In the absence of institutional flows, F&O expiry may predominate, believes Santosh Meena of Swastika Investmart

Can markets see a rebound from oversold levels

On the downside, the area between 18,133 and 18,080 represents a significant demand zone. As long as Nifty trades above 18,080, the general bullish texture will hold, but below 18,080, we can anticipate a short-term trend reversal,” Santosh Meena, Head of Research, Swastika Investmart Ltd., said.

Stocks to buy: 5 short-term trading ideas by experts for 22 December 2022

“Due to the fact that FIIs were net sellers for a significant portion of December, institutional flows will be another crucial trigger,” said Santosh Meena, Head of Research, Swastika Investmart Ltd.

Global factors, foreign fund trading activity to drive markets this week: Analysts

Any correction in precious metals prices could be a good buying opportunity today. Gold has support at Rs 52000 and resistance at Rs 56000, said Nirpendra Yadav of Swastika Investmart.

Gold Prices Today: Precious metals to remain range-bound as investors eye US employment data

Swastika Investmart consolidated net profit declines 43.91% in the September 2022 quarter

In a Diwali survey conducted by BT Digital with 10 brokerages, as many as three analysts from Reliance Securities, Hem Securities and Axis Securities voted in favour of ITC. Likewise, similar number of analysts from Kotal Securities, Reliance Securites and Swastika Investmart suggested Axis Bank.

ITC, Axis Bank among top 15 Nifty stocks to buy this Diwali, BT Digital Survey reveals

Tracxn Tech IPO had received ‘avoid’ ratings from a few brokerages namely Anand Rathi, Choice Broking and Swastika Investmart. The issue was sold from October 10 to October 12 in the Rs 75-80 price band.

Tracxn Tech IPO listing: Stock debuts at Rs 84.50, 6% premium over issue price

“Indian markets are trying to bottom out after a meaningful pullback, but global cues are still uncertain. Many pockets are showing decent strength without worrying about global factors. Tata Chemical is one of the stocks which is in strong bullish momentum and trading near its 52-week high,” Santosh Meena, Head of Research, Swastika Investmart Ltd, said.

► Subscribe to The Economic Times for the latest video updates. It's free! - https://www.youtube.com/TheEconomicTimes?sub_confirmation=1

► More Videos @ ETTV - https://economictimes.indiatimes.com/TV

► https://EconomicTimes.com

► For business news on the go, download ET app:
https://etapp.onelink.me/tOvY/EconomicTimesApp

Follow ET on:

► Facebook - https://www.facebook.com/EconomicTimes 
► Twitter - https://www.twitter.com/economictimes
► LinkedIn - https://www.linkedin.com/company/economictimes
► Instagram - https://www.instagram.com/the_economic_times
► Flipboard - https://flipboard.com/@economictimes

#news #latestnews #economictimes #ET #TheEconomicTimes #businessnews #stockradars #stockrecommendation

Stock Radar: This stock from chemical space can help you gain good profits in 3 months time horizon

Any rise in bullion prices could be a good selling opportunity. Gold has resistance at Rs 49600 and support at Rs 48900. Silver has resistance at Rs 56200 and support at Rs 55300, said Nirpendra Yadav, Senior Research Analyst at Swastika Investmart.

Swastika Investmart Ltd

Swastika Investmart Ltd

Intrinsic value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Swastika Investmart consolidated net profit declines 43.42% in the December 2022 quarter

RBL Bank, Apollo Tyres, RHI Magnesita: What should traders do with these stocks

Can markets see a rebound from oversold levels

Stocks to buy: 5 short-term trading ideas by experts for 22 December 2022

Global factors, foreign fund trading activity to drive markets this week: Analysts

Gold Prices Today: Precious metals to remain range-bound as investors eye US employment data

Swastika Investmart consolidated net profit declines 43.91% in the September 2022 quarter

ITC, Axis Bank among top 15 Nifty stocks to buy this Diwali, BT Digital Survey reveals

Swastika Investmart Ltd

Intrinsic valueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry pointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Swastika Investmart consolidated net profit declines 43.42% in the December 2022 quarter

RBL Bank, Apollo Tyres, RHI Magnesita: What should traders do with these stocks

Can markets see a rebound from oversold levels

Stocks to buy: 5 short-term trading ideas by experts for 22 December 2022

Global factors, foreign fund trading activity to drive markets this week: Analysts

Gold Prices Today: Precious metals to remain range-bound as investors eye US employment data

Swastika Investmart consolidated net profit declines 43.91% in the September 2022 quarter

ITC, Axis Bank among top 15 Nifty stocks to buy this Diwali, BT Digital Survey reveals

Intrinsic value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock