Latest Stock Market News

We always have been following QGLP philosophy of buying high-quality companies with high growth and longevity at reasonable prices. So, our strategy has always been three-pronged.

Gujarat Gas, incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 35214.60 Crore) operating in Gas & Petroleum sector.

A total of 4,293 shares changed hands on the counter till time (IST).

​​The stock also bounced back above the multi-year bearish trendline, which is a bullish sign. The stock rose more than 5% in a week and 13% in the last 3 months.

The longer the horizontal base, the better. A long base will establish a more significant support level, and the ownership of the stock will transfer from weak hands to strong hands.

Bullish bets have been quite aggressive in the options segment too, as the open interest has almost doubled in absolute terms in the December series. This is causing some worry to a few analysts.

Axis Securities believes that the Indian economy stands in a sweet spot of growth and remains the land of stability against the backdrop of a volatile global economy. It also believes that the current setup is a ‘Buy on Dips’ market.

Churning action is expected to continue for the next few weeks. Upside count of Nifty as per P&F chart continues to be open around 19,300, yet we are likely to see range-bound action between 18,500-18,900 in the near term.

APL Apollo Tubes, incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 29325.37 Crore) operating in Metals - Ferrous sector.

Despite reporting dismal quarterly numbers for the September quarter and seeing earnings downgrades, Tata Motors stock remains a “strong buy” for atleast 17 of the 29 analysts tracking the company, according to Trendlyne.