Page 48 - Share Tips News Today

Sterlite Technologies exhibited a strong breakout on the daily chart, accompanied by a significant surge in trading volumes.

For the next year or two, growth prospects are currently limited for both the FMCG and chemicals sectors, says Rohan Mehta of Turtle Wealth.

BSE stock has seen a breakout of falling resistance trendline adjoining March 15 last year (record high) and August 24 this year. The stock climbed over 6 percent to Rs 967.8 and formed long bullish candlestick pattern on the daily timeframe with above average volumes.

BHEL continued to hit fresh multi-year highs and closed 4.7 percent higher at Rs 114.65, forming long bullish candlestick pattern on the daily scale with above average volumes. The stock continued its uptrend for yet another session.

The price chart of KEC International indicates a breakout from a triangular pattern on the daily timeframe, accompanied by significant trading volume.

Questor share tip: Wildfires have hit the share price of many insurers but risks may be overstated

Laxmi Organic Industries has seen a decisive breakout of almost four-month consolidation and rallied 8.4 percent to Rs 285.85. The stock has formed robust bullish candlestick pattern on the daily charts with multi-fold jump in volumes.

The valuation differential between large caps and the mid and small caps, currently is in positive favour of the smaller companies, says Anil Ghelani of DSP MF.

The Cup and Handle Pattern breakout is observed on the daily chart of Indian Railway Catering & Tourism Corporation. Price breakout is accompanied with rising volumes.

Questor investment strategy: It may sound like economic heresy but there is a case for lower interest rates to keep inflation in check