InvestorQ : With the results season underway, what are your trading picks for Wednesday? I am purely looking at picks based on quarterly results?
Arusha Ray made post

With the results season underway, what are your trading picks for Wednesday? I am purely looking at picks based on quarterly results?

Answer
image
diksha shah answered.
5 months ago
Follow

In fact, there have been a number of results like Infosys, HCL Tech, Hindustan Unilever and even HDFC bank that have put out a good show. All these stocks are reacting positively to the results. However, let me focus my answer also on some smaller companies.

· Borosil Renewables could be a good choice after the latest quarter. Traders can buy Borosil Renewable in the range of 92-95 for targets of Rs.130-135 on the stock over the next 1-2 months and the results may have just given them that traction.

· Vedanta could be a gainer from the Hindustan Zinc dividend. With delisting volatility out of the way, Vedanta will be a good buy at Rs.99 for target of Rs.125. Out of the HZL dividends, nearly Rs.6000 crore comes into the coffers of Vedanta.

· It is also time to consider what stocks to take profits from. We suggest you watch stocks like SBI, Titan and Godrej Agrovet for profit booking opportunities. Most of the FMCG stocks are likely to get positively re-rated after the strong results by HUL.

In terms of news flows, one thing to watch out for is whether the finance minister announces stimulus for the markets and the economy.

2 Views