Page 45 - Technical Research News Today

The stock, which has hit a 52-week high on January 5 as well, has jumped 110 percent in past nine month.

About 12 smallcap stocks have gained over 25%, with Alok Industries being the topper with a 52% surge. It was followed by Sun Pharma Advanced Research, Inox Green Energy Services and Waaree Renewable Tech.

Shares of Bengaluru-based Sobha jumped 15.82% to an all-time high closing of Rs 1,296.60 after brokerage Motilal Oswal Financial set a price target of Rs 1,400 on the stock while rating it as one of the top picks for 2024.

"CEAT's stock may give a superb rally in the upcoming days. One can go long on the counter expecting a target price of Rs 2,500. Keep stop placed below Rs 2,420," said Kiran Jani told Business Today TV.

The new far-right president Javier Milei is confident that the International Monetary Fund will accept his program after the meeting this Friday in Buenos Aires. But the government has ruled out the option of new financing

The Nifty is expected to trade in the 21,500–21,850 range over the next few sessions. Analysts expect consolidation over the next few sessions

Stock market today: Sensex closed the day 179 points, or 0.25 per cent, higher at 72,026.15 while the Nifty 50 settled at 21,710.80, up 52 points, or 0.24 per cent.

The Nifty Metal index fell 1.81% Wednesday. Among steel producers, JSW Steel, SAIL and Tata Steel slumped 3-4%. Shares of aluminium producers Nalco and Hindalco tumbled 6.5% and 3.8%, respectively.

Short-term traders can look to buy the stock for a possible bounce back towards 300 levels in the medium term, suggest experts.

Shares of Adani Enterprises gained 9.4 per cent to Rs 3,199.45 on Wednesday, commanding a total market capitalization of Rs 3.65 lakh crore.