List of stocks bucking negative trend of market: Do you have these outperforming stocks? If not, check out why they should be on your radar!
In the first hour of today’s trade, we saw Nifty trading in a volatile manner and also, oscillating from positive to negative terrain. It also pared some of its losses to reclaim the 17,400 level. Despite the fact that the market is trading in negative terrain, the advance-decline ratio is in favour of advances.
Reliance Industries and Infosys are seen supporting the market as the stock of Reliance Industries jumped more than 2 per cent and single-handedly, contributed as much as 46 points to Nifty’s kitty. While on the other hand, some of the pivotal banking names such as ICICI Bank, HDFC, and HDFC Bank were seen dragging the market lower.
Amidst all these, there are certain stocks that have caught the attention of the market participants. These stocks are seen outperforming the market and must be on your radar.
Trident: On Thursday, the stock got locked at the upper circuit limit and also, logged a fresh 52-week high. Interestingly, it is the seventh straight day, where it has hit the upper circuit limit and went up by a staggering 44.53 per cent on an MTD basis.
TV Today: The stock of TV Today is buzzing on the bourses on Thursday as it has jumped over 8 per cent. The stock also hit its fresh 52-week high today and interestingly, it is on the verge of witnessing a multi-month breakout. The stock is up by 35 per cent on an MTD basis.
Latent View Analytics: The stock has been listed recently on the exchanges. It advanced more than 15 per cent on Thursday and the volume also seemed quite impressive in the first hour of the trade.
Nazara Technologies: The stock is seen outperforming the market on Thursday as it got locked at its upper circuit limit today. The stock is nearing a flat base-like pattern breakout and hence, should be on your watch list.