Bombay stock exchange is cruising since a month and it has been more than 2000 points up since past couple of months. Eventually this is best time to invest in following stocks. Following are list of the companies who are really making profits in company’s account and somehow they are undervalues in sensex today.
Based on news intelligence, world brokerage firm CLSA stipulated that steel prices will not remain under pressure and there is no risk to earnings. JSW Steel has posted Rs 1745 million of profit in last quarter and hence it is worth to buy this stock with the target prices of Rs 395.
Sun Pharma and China Medical System Holdings engage into a License Agreement for Tildrakizumab in Greater China. This deal gives Sun Pharma grants to Greater China market for Tildrakizumab. China to become a valuable market in future as currently 5 million suffering from psoriasis and psoriatic arthritis . Tildrakizumab enjoys patents in China
Avanti feeds is a market leader in fish food and has more than 25+ years of experience in industry. Looking at the last year closing price of Avanti Feeds, chart looks stable and prospective.
Currently trading at the price of Rs388, it is not a bad price to start accumulation of the shares. Avanti Feeds has not yet declared dividend for the 2019 year. The company has gained good profit in last couple of years due to fall in raw material prices of wheat and soya.
Following is the Technical trend line of JSW Steel for last three months. As you can see in following charts, there are positions marked for Buy price orders. This stock has shows good trend for Intra-day and short buyers.
JSW steel has been trending up and down in the ballpark of 285-290. We can clearly see total 8 positions where one could have made the profit, had they been bought at given prices where chart is circled. Nevertheless, last closing stock price was 291 and it is still a good buy.
Tata motors rise more than 20% in past 3 months. It may continue to do so if all the EV motors deliveries happens on time. Due to the components and batteries required for EV motors productions, deliveries are currently delayed for EV trucks and buses. However in response to stock exchange, company has assured that deliveries will happens phase wise as soon as the components will arrive on time and pass the quality marks.
With thorough consideration is is recommend that Tata motors is good buy at the price of ball park of 190-210. It may slide down due to delivery delays but company has been always committed to deliver.