Mumbai S.E. weakly lower Tuesday

The market showed a small loss Tuesday, and S&P BSE SENSEX ended the day at 75170 points, which is a decline of 0.3 percent.

1058 shares showed a gain and 2239 showed a loss. 86 shares were unchanged and closed at the same price as the previous day. There was no trading in 326 shares.

Total value of the trading volume for shares and primary capital certificates Tuesday was approximately 86.0 billion.

Inox Wind Ltd closed at 148 rupee after posting a loss of 10.0 percent. The stock has never lost more in one day since Feb 24. 2022, when it was down 10.6 percent. The stock has thereby closed down 15 out of the past 21 days. The volume was also very high. At session end it was bought and sold shares for about 2675 million rupee in the stock, which equals 39 times mean daily turnover. The stock is trend wise positive in the medium term, but has broken down through support at 156 rupee.
It was extremely high volume in Timken India Ltd.. At session end, 20548 million rupee worth of shares had been bought and sold in the stock, which equals 444 times mean daily turnover. Timken India Ltd. developed positively, and gained 2.8 percent to a close of 4063 rupee. The stock has thereby closed up 18 out of the past 24 days and this past month the stock has gained as much as 28.2 percent. It also looks good technically. The stock is trend wise positive in the medium term, has support at 3520 rupee and a further increase is indicated.
Hindustan Zinc Ltd. closed at 716 rupee after a small gain of 1.2 percent. The stock has thereby closed up 17 out of the past 23 days and this past month the stock has gained as much as 74.7 percent. Technically it also looks good. The stock is trend wise positive in the medium term, has support at 320 rupee and a further increase is indicated.
RattanIndia Power Ltd. rose sharply to close at 16.80 rupee, up 5.0 percent. The stock has never gained more in one day since Nov 13. 2023, when it was up 10.0 percent. The stock has now closed up for the fifth day in a row and this past month the stock has gained as much as 90.3 percent. It also looks good technically. The stock is trend wise positive in the medium term, has support at 12.20 rupee and a further increase is indicated.
Hatsun Agro Products Ltd. ended with a solid gain of 11.4 percent and closed at 1119 rupee. The previous time the stock gained this much was Feb 1. 2022, when it closed up 14.7 percent. The stock broke up through the resistance at 1115 rupee in double bottom formation. This triggered a buy signal on increasing volume and a further increase to 1235 rupee within three months is indicated. The volume was also very high. At session end it was bought and sold shares for about 96 million rupee in the stock, which equals 40 times mean daily turnover.

Winners Tuesday

SMS Lifesciences India Ltd20.00%
Odyssey Technologies Ltd.20.00%
Galaxy Cloud Kitchens Ltd.19.99%
Yash Management & Satellit19.94%
PMC Fincorp Ltd19.82%

Losers Tuesday

Sundaram Brake Linings Ltd-14.34%
RACL Geartech Ltd.-10.13%
Inox Wind Ltd-10.00%
Hawa Engineers Ltd.-9.99%
Kore Foods Ltd.-9.92%

Most traded Tuesday

Timken India Ltd.20547.99
Inox Wind Ltd2674.97
Indian Railway Finance Cor1839.19
Vodafone Idea Ltd.1724.41
Hindustan Aeronautics Ltd.1585.34

Today's free analyses Bharat Electronics Ltd.

 


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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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