Mumbai S.E. approximately even on Tuesday

S&P BSE SENSEX moved more or less horizontally on Tuesday and closed at 78473 points (-0.1 percent). The index has thereby closed down six out of the past seven days.

1689 shares showed a gain and 1760 showed a loss. 79 shares were unchanged and closed at the same price as the previous day. There was no trading in 277 shares.

Total value of the trading volume for shares and primary capital certificates Tuesday was approximately 42.4 billion.

Welcure Drugs & Pharmaceuticals Ltd. was down 5.0 percent to close at 14.31 rupee. The stock thereby reversed down after ten days of gains. The volume was also extremely high. At session end it was bought and sold shares for about 27 million rupee in the stock, which equals 81 times mean daily turnover. The stock is trend wise positive in the medium term and has support at 5.30 rupee.
U. H. Zaveri Ltd ended with a solid gain of 9.9 percent and closed at 18.29 rupee. The stock has never gained more in one day since May 10. 2023, when it was up 10.0 percent. The stock triggered a buy signal by the break up through the resistance at 17.44 rupee in rectangle formation. A further increase to 20.02 rupee within four months is indicated. It was also extremely high volume. Overall it was traded for 24 millions rupee in the stock, which is 100 times as much as normal daily turnover.
Amber Enterprises India Ltd. rose sharply to close at 7253 rupee, up 5.3 percent. The stock has now closed up for the fourth day in a row and this past week the stock has gained as much as 20.8 percent. Technically it also looks good. The stock is trend wise positive in the medium term, has support at 4650 rupee and a further increase is indicated.
Pioneer Investcorp Ltd. closed at 85.03 rupee after a solid gain of 14.5 percent. The stock has never gained more in one day since Jan 4, when it was up 20.0 percent. The stock has by that gained 24.1 percent since the buy signal from the rectangle formation three weeks ago. The volume was also very high. At session end it was bought and sold shares for about 17 million rupee in the stock, which equals 25 times mean daily turnover.
TRF Ltd. closed at 472 rupee after a solid gain of 12.6 percent. The stock has never gained more in one day since Feb 8, when it was up 20.0 percent. The stock thereby reversed up after nine days of losses. The volume was also very high. At session end it was bought and sold shares for about 38 million rupee in the stock, which equals 38 times mean daily turnover. The stock is trend wise negative in the medium term, but has marginally broken up through resistance at 460 rupee.

Winners Tuesday

Kohinoor Foods Ltd.20.00%
Super Crop Safe Ltd.20.00%
Amines & Plasticizers Ltd.19.99%
Sri Nachammai Cotton Mills19.99%
Oracle Credit Ltd.19.98%

Losers Tuesday

Sadhana Nitro Chem Ltd.-14.01%
Deco-Mica Ltd.-13.62%
Shantanu Sheorey Aquakult -12.56%
Industrial & Prudential In-11.14%
Superior Finlease Ltd-11.11%

Most traded Tuesday

Manorama Industries Ltd.2219.38
Amber Enterprises India Lt1141.13
Aptus Value Housing Financ830.55
Bajaj Auto Ltd796.33
Tata Investment Corporatio795.35

Today's free analyses Zomato Ltd

 


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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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