Business News Desk -The board of BPCL has approved the IPO of Maharashtra Natural Gas. The company is preparing to raise Rs 1000 crore from this issue. This IPO of Maharashtra Natural Gas is a joint venture of BPCL, GAIL and IGL. Due to this, action can be seen in the shares of these three companies today. Along with this, the market will also keep an eye on other oil and gas stocks. At the same time, in the show Sitadha Sauda on CNBC-Awaaz, these strong stocks including POWER GRID and DLF have been suggested to investors for trading. Investors can earn good money by investing in it with their understanding and analysis.
Ashish Verma’s team
1) POWER GRID (GREEN)
Won the bid for 2 Interstate Transmission System projects. The company will set up interstate transmission system under BOOT (Build, Own Operate and Transfer)
2) Infosys (Green)
The stock may rise in view of good foreign signals.
3) ICICI Bank (Green)
The stock may rise in view of good foreign signals.
4) Nuvoco Vistas (Green)
The company will acquire Vadaraj Cement. The company will be acquired through bankruptcy
5) Caplin Point (Green)
Tamil Nadu unit of subsidiary gets clean chit from US FDA
Virendra Kumar’s team
1. ABB (Red)
The stock slipped below Rs 6650-6680 levels. Next support in the stock is possible at the level of Rs 6460.
2. Apollo Hospital (RED)
Action was seen in diagnostic and hospital stocks. New breakout possible at Rs 7430-7450 levels
3. Cummins India (RED)
Share price slipped below the important base of Rs 3220-50
4. DLF (RED)
The stock slipped below 200DEMA. There is a possibility of a fall in the stock. Next support may be at 788-772
5. GRANULES (GREEN)
If the stock remains above Rs 610 then further rise in the stock is possible.
