Hot Stocks: Bet on Indian Oil, Can Fin Homes, Tata Communications for decent returnsMoneycontrol • 29 days ago
The Nifty is anticipated to find long-term support at 21,700 followed by 21,600 levels.
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CD Equisearch recommended accumulate rating on Can Fin Homes with a target price of Rs 883 in its research report dated February 29, 2024.
Around 70% of stocks in Nifty MidCap 100 and Nifty SmallCap 100 indices witnessed a rise in mutual fund stakes in December 2023 quarter, according to Ace Equities data.
Indian Hotels has been in a strong uptrend, reporting higher highs, higher lows formation since October last year. The stock formed strong bullish candlestick pattern on the daily charts with above average volumes.
Jindal Steel & Power formed strong bullish candlestick pattern on the daily timeframe with healthy volumes. The stock remained above all key moving averages which is a positive sign.
The central bank proposes to reduce the ceiling for public deposits held by HFCs to 1.5x from 3x of net owned funds