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Select brokerage firms believe stocks such as Care Ratings, Rail Vikas Nigam, and AU Small Finance Bank will provide good opportunities for hefty returns this year.

Om Mehra, Equity Research Analyst at Choice Broking said, we expect Indian markets range bound today with stock specific actions as big companies like Reliance, JSW Steel & HDFC Life will declare their quarterly results.

India VIX was down by 0.28% from 14.08 to 13.40 levels on Thursday. Volatility has been hovering at lower levels from the last nine weeks and supporting the bulls to hold the overall command. On the Options front, the maximum Call OI is placed at 19,000 and then towards 20,000 strikes while the maximum Put OI is placed at 18,000 and then towards 18,500 strikes.

Higher gross refining margins and gas prices, and lower impact of windfall gains tax are likely to help this vertical’s performance improve sequentially. Nuvama Institutional Equities expects RIL oil and gas operating profit to rise 62% YoY and 4% QoQ on higher volumes, aided further by higher deepwater gas prices.

Price resuming up after forming a base above the recent breakout area and 20 days EMA, signaling continuation of up move.

When short-term capital gains tax was 15% and LTCG nil, the difference between the two taxes acted as an incentive for investors to be long-term holders. But with the difference being reduced to 5%, the incentive to hold for the long term is gone, explained Agarwal.

Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. >> For more such web stories click on the ET icon below

The stock quoted a 52-week high price of Rs 919.5 and low of Rs 595.85.

The brokerage has remained positive on the stock but said a re-rating looks unlikely given premium valuations and likely disruption due to the entry of a large player. It has an accumulate rating on the stock with a target price of Rs 3326.

To woo mom-and-pop investors to buy into his ports-to-power empire’s flagship, Adani Enterprises Ltd. will sell new shares at a discount and allow payments in three installments when it rolls out its $2.5 billion follow-on offer later this month — an unprecedented move for one of the country’s hottest stocks. For a stock that has rallied over 1,400% since early 2020, sweeteners are crucial to woo retail investors.