Dilip Buildcon ended the day with a gain of about 11% after the Company bagged Rs 1,004 crore road contract from the National Highways Authority of India (NHAI) in Madhya Pradesh. Adding to it, Bank of America Merrill Lynch (BofAML) today initiated a coverage on the stock with a target price of Rs. 1,224. As a result, the stock broke out of a 14-week long consolidation base on huge volume.
Today’s Action:
Major indices score solid gains; broader market outperforms.
Daily Market Review:
The Indian stock market closed in green for the third consecutive session today, after going through a rough patch in recent times.
The positivity can be traced to gains in global equity markets on the back of fading trade war concerns. Continue reading “Daily Big Picture – Market Gets Off to a Good Start in FY 2019”
Before you travel a long way, you make a checklist of what to do. You pack clothes. Ask your neighbour to collect your mail. Lock all the doors. Then finally you go. By checking everything off your “to do” list, you eliminate many unnecessary bumps along the way.
Adopt a similar mindset when you prepare an “investing trip” with a growth stock.
With MarketSmith India’s research tools, you can quickly build a watch list of potential market stars. But your work does not end there. To raise the probability of notching a 20% winner here and a 200% screamer there, you need to devote time to identify stocks that already show signs of strength. Continue reading “Looking For Great Stocks? First Use a Checklist to Identify Great Bases”
