DSIJ Mindshare

The stocks most likely to witness significant movement on the bourses on December 10 are Indo Rama Synthetics (India), Kotak Mahindra Bank, Jet Airways, Escorts and Gujarat Alkalies and Chemicals. 

On the daily scale, the stock has recently given breakout of downward sloping trendline formed by connecting highs from January 2018. After taking support near its crucial short term moving average, i.e. 21-day EMA, the stock bounced sharply. The stock as on December 4, 2018 formed a sizeable bullish candle along with decent volumes, which is positive for the stock. 

The power transmission & distribution business segment of Larsen and Toubro (L&T) has won orders worth Rs 2,547 crore. The shares of the company gained over 1 per cent intra-day. 

The board of directors of Gujarat Alkalies and Chemicals Limited (GACL) has given approval to two major capex plans that include establishment of new capacity of hydrazine hydrate and capacity expansion of its existing caustic soda plant. 

The shares of HCL Technologies plummeted 4.20 per cent during Friday morning’s trading session as the company announced that it would be acquiring select IBM software products for $1.8 billion. Once the required regulatory reviews are concluded, the transaction will be closed around mid-2019.