Informed Intelligence

IN THE FAST LANE 

IDFC

BSE Code: 532659
CMP: Rs 163
Volume: 219872

There has been some activity with regard to infrastructure finance companies. It is heard that a group of investors have become active and are accumulating the stock in good quantities, and this is clear from the volumes it has been witnessing in the recent past. There is a strong buzz in the market that the stock may witness a significant rally in a very short term. Our market sources suggest that some large market participants are taking a keen interest in the stock. One can look at the counter from a short-term trading perspective.

RISING POWER

POWER GRID CORPORATION OF INDIA

BSE Code: 532898
CMP: Rs 108
Volume: 138160

The stock has been witnessing range-bound movement for the past few trading session. It is heard on the streets that some domestic institutions and fund houses are taking a keen interest in the stock. Over the past few trading sessions, it has been witnessing a rise in its trading volumes. Market participants suggest that the stock is likely to witness a good run-up in the near future. One can look at the stock from a short-term trading perspective.

WELL ALIGNED

APOLLO TYRES

BSE Code: 500877
CMP: Rs 88
Volume: 662698

The stock is witnessing volumes on the higher side. However, its price is not appreciating that much and has been consolidating and witnessing a range-bound movement. It is heard that many big-ticket investors and market participants are keeping a close watch on the company and slowly building their positions in the counter. Market sources also suggest that long positions have been created in the stock by some large market participant. It can be looked at for short-term trading gains.

LIVEWIRE

ADANI POWER

BSE Code: 533096
CMP: Rs 51
Volume: 837396

The stock is receiving good buying interest and there has been a spike in its volumes for the last few days. Market sources suggest that there is accumulation of the stock by some large market participants based on the buzz about a tie-up for the supply of coal, which will be a positive trigger for the counter. The company may see a good run in the northward direction in the near term. The stock can be looked at for gains in the short-term.