Aditya Birla Fashion & Retail has seen a nice breakout of consolidation and maintained upward sloping support trendline. The stock formed strong bullish candlestick pattern on the daily charts with healthy volumes.
Since the last 2–3 months, Borosil Renewables has been making higher highs and higher lows, which is a sign of positive momentum in the counter. Recently, on a daily scale, it has formed a bullish bat structure, which is looking attractive.
Bandhan Bank has gained strength after consolidation in the recent past and went very close to the September swing high. The stock formed healthy bullish candlestick pattern on the daily timeframe with significantly higher volumes.
In an exchange filing, Borosil Renewables said, “After examining the order and based on the advice from tax legal experts, the company has filed Writ Petition before the High Court of Judicature at Bombay, seeking to quash, cancel and set aside the said Income Tax notice and Assessment Order issued against the company and to grant stay of any further proceeding consequent to the said notice and order.”The company further stated that it shall update the stock exchanges of material developments, if any, in the aforesaid matter.Borosil Renewables is engaged in the business of manufacturing of extra clear patterned glass and low iron solar glass for application in photovoltaic panels, flat plate collectors and green houses.The company reported net loss of Rs 11.53 crore in Q1 FY24 as against net profit of Rs 30.11 crore in Q1 FY23. However, revenue from operations zoomed 108.56% YoY to Rs 354.49 crore in the quarter ended 30 June 2023.Shares of Borosil Renewables fell 0.42% to Rs 436 on the BSE.
LTIMindtree has experienced a double bottom breakout, which is a bullish signal indicating a potential upward movement in price. Additionally, it has been able to sustain above its near-term 21-day exponential moving average (21EMA), further strengthening the positive outlook.
IT stocks have had it rough and Q4 earnings have failed to inspire, so far, but Vikas Salunkhe of Nirmal Bang expects the tide to turn. The two stocks, however, he is bullish on are a gaming firm and a green energy player, which he says can give good returns over the next few weeks. Here is why