The economy is rebounding: the majority of the consumer sectors are showing acceleration. The pandemic is behind us almost. Herein we give status of some promising counters. Watch them to your benefit.
- Reliance Industries shares rise 1%
RIL shares traded 0.8 percent higher at Rs 2,580 apiece on NSE, having risen as much as 1.5 percent to Rs 2,598.8 apiece earlier on Thursday. Group company Reliance Retail Ventures’ subsidiary, 7-India Convenience Retail, entered a master franchise agreement with 7-Eleven, Inc for the launch of 7-Eleven convenience stores in India. The first 7-Eleven store is set to open on Saturday, October 9 in Andheri East, Mumbai. This will be followed by a rapid rollout in key neighborhoods and commercial areas, across the Greater Mumbai cluster to start with.
7-Eleven has tied up with Reliance two days after the termination of the Indian conglomerate’s franchise agreement with Future Group. Analysts say the most imp thing to watch out for about 7-Eleven in India will be its positioning. Globally, 7-Eleven stores are positioned as neighborhood convenience stores.
Shars of Lemon Tree, IOL Chemical show promise. Lemon Tree for a target price of Rs 55-60 with a stop loss at Rs 45 — IOL Chemical for a target of Rs 655-700 with a stop loss at Rs 590
Tata Motors showing bullish momentum,valuations attractive: Tata Motors is showing strong bullish momentum after the Morgan Stanley upgrade. “Tata Motors is showing a turnaround story on the backdrop of the e-vehicle segment. It was one of the most undervalued stocks in the auto sector. The stock still has attractive valuations. It is gaining market share in the PV segment whereas its JLR business is likely to show a strong recovery.Technically, Tata Motors is witnessing a breakout of the bullish flag formation to resume its uptrend. It has the potential to head towards the Rs 430-450 zone while levels of Rs 330-315 have become a strong demand zone at any correction
Nifty50 needs to close above 17950 for positive momentum to set in: The Nifty index needs to close above 17,950 for a positive momentum to set in, If it breaks 17,400 we will witness a bear market. Hence, it is range bound between 17,400 and 17,950. Until we do not get past either end of this range, the movements are going to be choppy and sideways,
Titan Shares | Stock up 9%; JPMorgan, Credit Suisse raise target prices: Titan shares surged after the company said it witnessed a strong across-the-board recovery in demand after the second wave of the pandemic. The Titan Company stock jumped more than nine percent to a 52-week high in morning deals, as brokerages remained positive about the company’s prospects, with JPMorgan and Credit Suisse raising their target prices.
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