SAIL। According to sources, SAIL may get a large order from the railway. The Railways is considering buying about 1.2 million tonnes of steel. Will be used for laying new railway lines and renewal of tracks.
GODREJ CP Q4 UPDATE। Sales growth is expected to be 30 per cent in the fourth quarter. Strong sales growth and price increases will benefit. There are signs of recovery in Indonesia’s business as well. Latin America is also expected to witness strong growth.
In view of the fast growing corona infected patients in the country, Indian Railway Catering and Tourism Corporation (IRCTC) started the Lucknow-New Delhi-Lucknow (Lucknow-New Delhi-Lucknow) Tejas Express from Friday, ie 9 April, the last month. Service has been canceled till
IRCTC has said in its statement that due to the recent increase in the number of corona infected patients, Lucknow-New Delhi Tejas Express, which is a temporary form of train number 82501-O2 from 9 April to 30 April. Service is being discontinued. The situation is being continuously monitored and the train will be restarted. This train was being run 4 days a week on Friday, Saturday, Sunday and Monday.
MUTHOOT FINANCE। The company plans to raise Rs 1700 crore through NCDs. The NCD issue will be open from today to 29 April.
PRAKASH INDUSTRIES। The company recorded record sales in the fourth quarter. Steel sales in Q4 grew by 31 per cent to 2.72 lakh tonnes. Record steel sales of 9.55 lakh tonnes have been achieved in FY21.
HINDUSTAN COPPER। The company’s QIP launch, floor price has been fixed at Rs 125.79 per share. The floor price is at a discount of 14 per cent from the current price.
ASTRAZENECA। The Serum Institute has demanded relief of 40.3 million dollars from the government. AstraZeneca has sought relief to increase vaccine production.
Strategy on bank nifty
Virendra Kumar of CNBC-Awaaz says that its registration zone is near 33220-33355, Bada registration zone 33500-33580, base zone 32710-32620 and Bada base zone 32480-32390. Yesterday, 32900 calls got good returns. Buy but in the fall or above 32500. If you get a chance after opening, then you will take option trade.
Strategy on nifty
Virendra Kumar states that its registration zone is 14870-14913, base zone 14757-14719 and big base zone 14757-14719. Today, the Nifty is in good shape according to statistics, charts. Be cautious after upper levels, gap up due to expiry. 14757-14947 is the most important trading zone today. Buy and buy till 14757 ticks, good swing above 14870 will be found. Next week’s 15,000 calls will be a better option than the SL of 14719.
Strong Earning Trading Calls
BUY MOTHERSUMI @ 214.9 ,SL– 207 ,TGT-228
Buy Hindalco ,SL- 342 , TGT- 375
Buy Divis Lab, SL-3640 , TGT-3800
PM Modi-CMs meeting on Corona
On Corona, Prime Minister Modi will hold an important meeting with the Chief Ministers of the State and Union Territories today. Yesterday, about 1.25 lakh cases came in the country. In Maharashtra alone, 60 thousand new cases have been found.
Nifty expiry possible between 14800-14900
Today, the market will be watching the weekly expiry of Nifty and Nifty Bank. In the Awaaz Traders Poll, 50% of the experts considered that the expiry could be between 14800 to 14900.
253 shares exchange circuit filter
253 shares will be exchanged for many stocks like CIRCUIT FILTER, Acrysil, Ashapura minechem, Vardhman Steel will take circuit at 20% instead of 5%. Filters of all stocks like NCC, NBCC, TCI, Lovable increased from 10% to 20%. New changes will be implemented from today.
VEDANTA: Open offer filled 57.5%
The open offer of VEDANTA failed in delisting has received sluggish response from investors. The open offer closed at just 57.5 percent. VRL’s stake in the company will now increase from 55 to 65%.
S&P 500 record rally in US, edge in SGX NIFTY, Asia under pressure
The S&P 500 closed at record levels yesterday in the US. Support from the FOMC minutes indicated the continued moderation in the policy. Here the SGX NIFTY is seeing a gain of 55 points. However, mixed business is being seen in Asian markets.
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