Informed Intelligence

INFO TALK

KPIT CUMMINS INFOSYSTEMS

BSE Code: 532400
CMP: Rs 115
Volume: 41000

The stock is witnessing a good buying interest for the last few sessions and is expected to show better price performance going by the talk on the street. According to market sources, some big market participants and domestic fund houses have taken long positions in the stock and are expecting the stock to move in the northward direction. Also in the last three quarters the FIIs have substantially increased their stake, which is also a positive trigger. The stock can be looked at from a short-term trading perspective.

IN CURRENCY

Indian Overseas Bank

BSE Code: 532388
CMP: Rs 85
Volume: 213000

The stock looks like an ideal candidate if someone wishes to play on PSU banking space on the smaller side for a short-term gain. The stock has witnessed good volumes in the last few trading sessions and looks like some sort of accumulation is taking place and the stock may witness good northward move in the near term. Many have been accumulating it on expectations of better Q3 numbers as compared to other PSBs. The stock can be looked at for short-term trading gains.

SPIKING UP

POWER GRID CORPORATION OF INDIA 

BSE Code: 532898
CMP: Rs 113
Volume: 186000

The stock has witnessed good volumes in the past few trading sessions and has surpassed the two week average quantities. It has been heard that the stock is likely to witness good northward move in the near term, which has forced some big market participants and high net worth individuals to take long positions in the stock. The stock may come out with some announcement in the near future. It can be looked at for short-term trading purpose.

HIGH VOLTAGE

RELIANCE POWER

BSE Code: 532939
CMP: Rs 95
Volume: 2084000

Readers may be wondering as to why this large cap stock is included here. The reason is simple. According to market sources, the stock is likely to witness better northward move in the coming days. There has been a strong buzz that the stock may come out with an announcement that may induce positive sentiments. Some positive news on its UMPP is likely to further boost the sentiment for the stock in the near term. One may look at the stock for some short-term gains.