Informed Intelligence

DISHING OUT GAINS

LA OPAL RG

BSE Code: 526947
CMP: Rs 132
Volume: 3806

The volumes in the counter have been much higher as compared to their two-week average. Market sources suggest that the stock may go up in the very near term as some big positive announcements from the company management are expected to come in. In the past couple of trading sessions, some foreign and domestic investors have bought hefty quantities of the stock. Also, a large domestic fund house is taking keen interest in the stock and has been accumulating it for quite some time. The stock can be looked at for trading gains in the short term.

BANKABLE BET

IDBI BANK

BSE Code: 500116
CMP: Rs 94
Volume: 908162

If we go by the movement in the counter, the volumes have clearly been on the upper side and the price of the stock is also witnessing a northward journey. According to market sources, the stock is likely to witness more buying in the short term as a large domestic broking house with a presence in both the retail as well as the institutional sides is pitching high on the stock and is going all out to market it. Some big HNIs have already taken good positions in the stock and are in no mood to sell it. One can look at the stock from a short-term trading perspective.

UPWARD BOUND

SPICEJET

BSE Code: 500285
CMP: Rs 38
Volume: 29925958

The stock is witnessing good volumes but the price movement has not been as much as it should have. Rather, it has been consolidating and witnessing a range-bound move. With the approval of 49 per cent foreign direct investment in the aviation sector, the stock is likely to witness better gains going forward. Traders and investors have already started accumulating the stock over the past few days. The stock can be looked at for short-term trading gains.

FORGING AHEAD

BHARAT FORGE

BSE Code: 500493
CMP: Rs 287
Volume: 40350

The stock has been witnessing good volumes over the past few trading sessions, and has remained one of the favourite counters among traders in the last week. According to market sources, the stock is likely to witness a further upward move from its current levels. Some domestic fund houses and big market participants have entered the stock and expect some positive announcements from the company. Therefore, the stock can be looked upon for some quick short-term trading gains.