Overnight Digest – Stocks to watch out for on June 24

The stocks which could witness a significant movement on June 24 are Advanta Limited; Omax Auto Limited; Aditya Birla Fashion and Retail Limited; Tata Motors Limited /Tata Steel Limited; Coal India Limited.
a) Advanta: Advanta, the R&D company for hybrid seeds has informed BSE that the Gujarat High Court has approved its amalgamation with UPL Limited, the manufacturer of crop protection chemicals. Advanta is the transferor, while UPL is transferee.
b) Omax Auto: Omax Auto, the maker of auto and non-auto components has bagged an order for supply of railway parts from Indian Railways worth Rs 90-100 crores. The stock is likely to trade in green in the coming session.
c) Aditya Birla Fashion and Retail (ABFRL): ABFRL, known for its Pantaloons brand signs exclusive deal with British brand Izabel London to grow its international presence. Both the companies specialise in women’s wear.
d) Tata Motors/Tata Steel: Both the companies will be reactive of the Brexit result to be released on Friday early morning. Tata Motors’ JLR is the UK based car maker while Tata Steel’s sale of the UK unit will gain momentum with the referendum.
e) Coal India:  According to the PWC report, Coal India, one of the largest producers of coal, will hit its output target of 1.5 billion tonnes by FY 2020. But the news stated that domestic power generators have asked Coal India to stop coal supply due to lack of demand for power. The stock may see some volatility in coming sessions.

Comments

Post a Comment

Popular posts from this blog

Importance of Trading Journal and downalod sample spreadsheet

  What is a trading journal? A trading journal consists of a document where everything you do as a trader is recorded, including strategy development,  risk management , psychology, and more. Keeping a trading journal is easy but very effective if created and used correctly. While it can bring valuable insights that may prevent your account from blowing up. There are several important reasons why keeping a trading journal is important, including: It keeps you accountable. It makes you more disciplined and consistent. It helps you spot profitable trading strategies. It documents your strengths and weaknesses. It makes you more careful when analyzing potential trades. Successful traders plan all of their trades meticulously and document the successes and failures of their trading performance. By creating a trading journal and using it correctly, you can become a successful trader regardless of how the market moves Download a copy Spreadsheet columns Here are some details about the column
Read more

๐’๐ž๐ฆ๐ข๐œ๐จ๐ง๐๐ฎ๐œ๐ญ๐จ๐ซ ๐’๐ญ๐จ๐œ๐ค๐ฌ ๐ข๐ง ๐ˆ๐ง๐๐ข๐š

  A semiconductor is an electrical component (electrical conductivity value) in consumer and industrial products. ๐Ÿท️๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง๐ฌ Semiconductors are an essential component of electronic devices, enabling advances in communications, computing, healthcare, military systems, transportation, clean energy, and countless other applications ๐Ÿท️๐’๐œ๐จ๐ฉ๐ž ๐จ๐Ÿ ๐’๐ž๐ฆ๐ข๐œ๐จ๐ง๐๐ฎ๐œ๐ญ๐จ๐ซ๐ฌ ๐ข๐ง ๐ˆ๐ง๐๐ข๐š The future of the semiconductor manufacturing industry in India is very promising and the Indian Govt is encouraging the Semiconductor space through the PLI Scheme. India is moving towards becoming a semi-conductor hub in future by encouraging Indian and multinational companies to build the plant in India. Domestic semiconductor consumption is expected to cross $80 billion in 2026. ๐Ÿท️๐‚๐ฎ๐ซ๐ซ๐ž๐ง๐ญ ๐ฌ๐œ๐ž๐ง๐š๐ซ๐ข๐จ ๐ข๐ง ๐ˆ๐ง๐๐ข๐š Honestly, we do not have pure-play semiconductor companies like AMD, NVIDIA, Intel, Samsung etc in India. These companies are at the initial st
Read more