Nifty likely to open higher; 3 stocks which can give up to 14% return

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Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 17 points or 0.16 percent. Nifty futures were trading around 10,747-level on the Singaporean Exchange.


The Nifty50 is expected to open higher on Monday tracking positive trend seen in other Asian markets. The index closed 74 points higher at 10,692 on Friday.

Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 17 points or 0.16 percent. Nifty futures were trading around 10,747-level on the Singapore Stock Exchange.

Wall Street closed nearly flat on Friday as inflation worries and struggling technology and energy stocks were offset by an advance in the consumer discretionary sector led by Amazon, said a Reuters report.

Asian shares rose again on Monday as tensions in the Korean Peninsula eased and first-quarter earnings shone, although some investors pondered whether this sunny outlook could dim in the near future, it said.

MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.1 percent following a jump of more than 1 percent on Friday. South Korea's KOSPI index.KS11 gained 0.5 percent.

Share Market Tips

Stocks in news:

Results Today: HDFC, Kotak Mahindra Bank, Hindusthan Zinc, Ceat, Dewan Housing Finance, Container Corporation

Axis Bank:

Approves increase in borrowing limit up to Rs 2 lakh crore

Approves Scheme of Amalgamation of Accelyst Solutions & Freecharge Payments Technologies

Reliance Industries Q4 consolidated net profit at Rs 9,459 crore and revenues at Rs 1.29 lakh crore

Dilip Buildcon executed concession agreement with NHAI

Idea Cellular Q2 net loss at Rs 962.2 crore and revenue at Rs 6,137.3 crore

RBL Bank Q4 Net Profit at Rs 178.12 crore against Rs 130.13 crore, YoY

Equitas Holdings Q4 net profit at Rs 34.88 crore versus Rs 6.9 cr, YoY

IDFC Q4 net profit at Rs 1.56 crore versus Rs 134.8 crore, YoY

Shoppers Stop Q4 net profit at Rs 20.78 crore against loss of Rs 36 crore, YoY

Interglobe Aviation accepted resignation of Aditya Ghosh as the President and Whole Time Director of the company

Technical Recommendations:

We spoke to Sharekhan and here’s what they have to recommend:

PTC India: BUY| CMP: 89.70| Stop Loss Rs86.70| Target Rs102| Return 14%

Piramal Enterprise Ltd: BUY| CMP: Rs2635.80| Stop Loss Rs2550| Target Rs2900| Return 10%

CEAT LTD: BUY| CMP: Rs1559.85| Stop Loss Rs1508| Target Rs1787| Return 14%

Two days Free Trials and best services packages for dealing in Stock market click here to get >> Share Market Tips One Missed call on @9644405056

Disclaimer:-The views and investment tips expressed by investment experts are their own. Ripples Advisory advises users to check with certified experts before taking any investment decisions.

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