Trending Stocks: Collapsed Markets.. But 4% Share Rise.. Do You Have This Trending Stock?

Trending Stocks: Domestic market indices, which have made good gains in consecutive sessions for a few days, are under selling pressure today. Internationally mixed signals and investors turned to losses from the start of Wednesday as they tended to take profits. Almost all indices on BSE are trading in losses. However, investors are eyeing some quality mid-cap stocks despite falling markets. Purchases are seen in these. In this background, one stock has become the top trending in today’s session. Same as Gravita India, NSE Code – GRAVITA. The stock gained more than 4 percent in the early session on Wednesday.

Investors are inclined to buy the shares of this metal company which has performed well in the quarterly results. In the recently announced quarterly results, it has achieved a revenue of Rs.706.76 crore with a profit of 50 percent. Net profit increased by 125 percent to Rs.17.32 crore. This stock price volume breakout is strong as observed by technical parameters. With this, the NSE touched a lifetime high of Rs.523. 14 days period RSI is 72.24 while MACD is continuing at a good level. A bullish trade has a good technical setup. There are opportunities to increase further.

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The value of this stock has increased by 62 percent in the last year. In this order, experts suggest to add this stock in their watch list. It is said that there are chances of increase in the coming sessions.

The domestic stock markets, which have risen sharply in the last few sessions, are falling today. Sensex is currently continuing at 60 thousand 251 points with a loss of 734 points. The Nifty was down 218 points and was trading at 17,900 points. Bajaj Auto, Maruti Suzuki, Hindalco, Tata Steel and HUL continued to post marginal gains. Adani Ports, SBI, Indus Ind Bank, Adani Enterprises and HDFC hedged losses by an average of 3 per cent.

This article is contributed by Dalal Street Investment Journal, India’s No. 1 investment magazine. To get regular updates on winning stocks, recommendations Dalal Street Investment Click on the link.

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