Gift Nifty is indicating shopping in the domestic market on the fifth consecutive trading day today. The Nifty index of each sector has closed in green mark except for a business day before. The decline in Nifty Realty was also modest. Now talking about the Equity Benchmark Index, on Monday 9 June, BSE Sensex closed at 82445.21 with a jump of 256.22 points or 0.31% and the Nifty also closed at 25103.20 with a gain of 0.40% or 100.15 points. Now if we talk about individual stocks today, today some companies will have business results, then due to their special corporate activities, some stocks can see a sharp movement. Details about these shares are being given here. Today these companies will have business results. Borrana Vivs, Orissa Minerals Development Company, PG Pholes and Supreme Infrastructure will release business results today.
1. IRB infrastructure
Strengthening in toll revenue: IRB Infra and its trust recorded a jump of 30% year-on-year in Toll Revenue in May 2024, which increased from ₹ 411 crore to ₹ 536 crore.
Technical + F & O Eye: HDFC Securities has advised it to purchase it at ₹ 65, stating it technically strong, as well as a target of ₹ 73.
The open interest of stock is also increasing in F&O, which may be a sign of a possible large move before expiry.
Key point: Mid-rang call and put ratio (PCR) indicating that the market is in bullish mood.
2. Premier Energies
Block Deal A call: South Asia Growth Fund II plans to sell about 5.5% stake (2.5 crore share) through block deal
Medium term trend: In terms of organic growth, analysts are describing it as “shopping in the moderate period”; A target of possible growth up to ₹ 920 – ₹ 1,100 has been targeted
Order Book Update: The company’s subsidiaries have recently received orders of about ₹ 1,460 crore, which starts from Q1’25 and indicates increasing modules/cell supply.
3. Curated Trading and Strategy
IRB INFRA: Strong fundamentals (30% revenue growth), technical sentiments and F&O Open Interest are all indicated that this expiry can be agreed. According to HDFC, trading opportunity can be made in ₹ 65 – ₹ 73 range
Premier Energies: Volume will increase due to block deal, but there is an additional capacity of 11–26% in the moderate period; Close above ₹ 1,200 may trigger a boom
