Informed Intelligence
Oil Profits
HINDUSTAN PETROLEUM CORPORATION
BSE Code: 500104 | CMP: Rs 315 | Volume: 124000
With crude oil heading southward, the risk on the mounting under-recoveries looks a bit subsided for the time being. It is heard that big market participants have created long positions in the OMCs, especially in this stock, in a greater number as compared to the other oil marketing companies. They are also keeping a keen watch on the prices of the counter to create further long positions at an appropriate time. The stock seems to head north from the present price. One can look at it from a short-term trading perspective.
Metallic Gains
HINDALCO INDUSTRIES
BSE Code: 500440 | CMP: Rs 93 | Volume: 990000
The stock has been witnessing huge volumes in the last few 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 an upward move from its current levels. Domestic fund houses and big market participants have entered the stock and expect some positive announcement in the stock from the company. Therefore, the stock can be looked upon for a short-term trading gain.
Cementing Money
JAIPRAKASH ASSOCIATES
BSE Code: 532532 | CMP: Rs 74 | Volume: 1706000
If we go by the movement of the counter, we can easily figure out that the stock has been moving up and down for some time now in the same range. There has been good accumulation in the stock for the past one week and that is quite evident with the volumes in the counter. Our sources suggest that some big institutions are taking a keen interest in the stock and have been accumulating it in the last fortnight. The stock is likely to witness an upward move in the short term.
Monetary Gains
ALLAHABAD BANK
BSE Code: 532480 | CMP: Rs 133 | Volume: 270000
The stock looks like an ideal candidate if someone wishes to play on the banking space on the smaller side for a short-term gain. The stock has caught the eyes of various investors and they have created long positions in the stock and are holding on to it. The players are hoping that the counter may become the next big thing in the PSU banking space. Therefore, the stock can be an ideal destination for making short-term trading gains.