Eight penny stocks gained 2552% over two weeks, identified for low market capitalization, sub-Rs 20 price, and high trading volumes, highlighting small-cap momentum opportunities.
Over a dozen companies are gearing up to launch their IPOs over the next two to three weeks, aiming to raise nearly Rs 10,000 crore, buoyed by supportive policy measures, including GST 2.0 reforms, and the RBI's monetary policy easing through rate cuts.
Indias IPO market gears up for October with Tata Capitals Rs 17,000-crore issue and LG Electronics Rs 15,000-crore debut, together worth Rs 32,000 crore. These mega offerings, amid a record fundraising year, will test investor appetite during the festive season.
Indian benchmark indices maintained their winning streak on Friday with Nifty closing the session positive for the eighth successive time. The index managed to stay in the green as PUT writers provided support around the 25,000 mark.Commenting on the days action, Rupak De, Senior Technical Analyst at LKP Securities, said that Nifty appears to be consolidating its recent gains, gradually forming a base. "As long as it sustains above 24,850, the undertone remains constructive. A decisive move beyond 25,150 may set the stage for a rally towards 25,500 in the near term," De said.Here are 5 stock recommendations for Monday:
Indian markets extended their winning streak with Nifty closing positive for the eighth straight session, supported near 25,000. Analysts expect consolidation with scope for an upmove toward 25,500. Experts recommend five stocks for Monday: RailTel, Cochin Shipyard, Bajaj Finance, Data Patterns, and Astra Microwave.
Sectoral and thematic mutual funds have offered upto 6% return in last week. There were 578 funds in the said time period, of which 543 gave positive returns, 33 gave negative returns and two failed to deliver returns. Here are the funds which delivered returns over 3.50%. (Source: ACE MF)
Sectoral and thematic mutual funds delivered up to 6% returns last week, with 543 of 578 funds in the green. Top performers included Invesco Global Consumer Trends FoF, Mirae Asset Hang Seng TECH ETF FoF, HDFC Defence Fund, Edelweiss schemes, and HSBC Global Emerging Markets Fund.
The Nifty is on the cusp of a potential breakout from a Symmetrical Triangle pattern on the daily charts a formation that typically signals a strong directional move. The index continues to trade above both its short-term and long-term moving averages, which have begun to slope upward, offering a bullish undertone to the markets technical setup.With momentum indicators also turning constructive, domestic brokerage firm Motilal Oswal has highlighted its top three picks, based on the technical outlook, that traders can keep on their radar.
Nifty nears breakout from Symmetrical Triangle with bullish signals. Motilal Oswal highlights National Aluminium, Power Grid, and Tata Chemicals as top trading picks, backed by strong technical patterns, support zones, and rising momentum indicators.
In August, over 500 mutual fund schemes favoured top stocks like HDFC Bank, ICICI Bank, Infosys, Bharti Airtel, Reliance, SBI, L&T, Axis Bank, Kotak Mahindra Bank, and Mahindra & Mahindra.
