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March 04, 2024
- ➢ As per a market veteran, trading is for creating the capital and investment is for growing that capital. Without trading how will the capital grow and at what speed? Keep trading, keep earning and keep investing the trading profit to grow faster and multifold. But before that, the trader must acquire technical knowledge from an expert. Always trade with discipline and invest the trading profits only in growth-oriented stocks.
- ➢ As per a market veteran, in March 2024, stock specific wild volatility will continue but that does not mean that the bear market has begun. This volatility is due to
- 1) March accounting year end expiry with transfer of huge profits and losses.
- 2) An important event in USA affecting markets on 18th March 2024.
- 3) In 97% cases, there will be margin closures from 11th March to 27th March. This happens every year but the market starts rising again in April.
- ➢ As per astroview, some important turning dates for the month of March are 7, 11, 22 and 28.
- ➢ Indiabulls Housing Finance is available at attractive valuations and may cross its 52-week high. Add.
- ➢ In our 11th Nov MTTs, Gujarat Pipavav recommended at Rs.135 touched new 52-week high of Rs.218.70 and Grauer Weil recommended at Rs.115 touched new 52-week high of Rs.205 during the week.
- ➢ In our 13th Jan MTTs, NSE SME Systango Technologies recommended at Rs.275 touched new high of Rs.408. Add.
- ➢ In our 10th Feb MTTs, Univastu India was recommended at Rs.134 touched Rs.152.25 and still looks very good. Buy.
- ➢ In our 17th Feb MTTs, Indotech Transformers recommended at Rs.1030 touched Rs.1182, Rudra Global recommended at Rs.38.70 touched Rs.48 and BF Utilities recommended at Rs.701 touched new 52-week high of Rs.978.
- ➢ In our 24th Feb MTTs, National Plastic was recommended at Rs.72.33 touched Rs.88, Artefact Projects recommended at Rs.90.66 touched Rs.98, ABC India recommended at Rs.136 touched Rs.159, Competent Auto recommended at Rs.472 touched Rs.499 and Metro Global recommended at Rs.155 touched Rs.165 during the week.
- ➢ H.G. Infra’s WOS, H.G. Solar Projects Pvt. Ltd., bags huge order of Rs.772 cr. from East Central Railway. For Q3, it posted NP of Rs.205.48 cr. from Rs.6.14 cr. in Q2. For 9M, it recorded PAT of Rs.385.53 cr. from Rs.272.42 cr. YoY with an EPS of Rs.59. It has a RoCE of 25.4% and RoE of 29.4%. Buy for decent gains.
