Highest close since Feb 4.

The market moved up Thursday, and S&P BSE SENSEX ended at 78553 points, which is an increase of 2.0 percent. The index has not closed higher since Feb 4. This past week the index has gained as much as 5.8 percent.

2019 shares showed a gain and 1358 showed a loss. 127 shares were unchanged and closed at the same price as the previous day. There was no trading in 242 shares.

Total value of the trading volume for shares and primary capital certificates Thursday was approximately 53.8 billion.

Fertilisers & Chemicals Travancore Ltd. closed at 760 rupee after a solid gain of 13.8 percent. The previous time the stock gained this much was Jun 20. 2024, when it closed up 20.0 percent. The stock triggered a buy signal by the break up through the resistance at 677 rupee in double bottom formation. A further increase to 762 rupee within two months is indicated. It was also very high volume. Overall it was traded for 481 millions rupee in the stock, which is 28 times as much as normal daily turnover.
State Bank of India was up 3.3 percent to close at 797 rupee. We must go back to Jan 2 to find a higher close for the stock. The stock has now risen for the fourth day in a row. The stock broke up through the resistance at 782 rupee in inverse head and shoulders formation. This triggered a buy signal on increasing volume and a further increase to 887 rupee within four months is indicated.
Spicejet Ltd was up 5.8 percent to close at 51.05 rupee. The stock has now closed up for the sixth day in a row and this past week the stock has gained as much as 16.5 percent. The stock broke up through the resistance at 49.19 rupee in rectangle formation. This triggered a buy signal and a further increase to 59.10 rupee within three months is indicated.
Royale Manor Hotels & Industries Ltd. closed at 55.78 rupee after posting a gain of 19.3 percent. We must go back to Jun 6. 2013 to find an equally strong rise. That time the stock gained 19.9 percent. This past week the stock has gained as much as 43.0 percent. The volume was also very high. At session end it was bought and sold shares for about 22 million rupee in the stock, which equals 30 times mean daily turnover. It also looks good technically. The stock is assessed as technically positive for the medium long term.
Sangam Renewables Ltd. closed at 1107 rupee after posting a gain of 8.2 percent. The stock has now closed up for the fourth day in a row and this past month the stock has gained as much as 36.0 percent. It was also high volume. Overall it was traded for 1089 millions rupee in the stock, which is three times as much as normal daily turnover. The stock is trend wise negative in the medium term.

Winners Thursday

SecMark Consultancy Ltd.19.99%
Pentokey Organy (India) Lt19.99%
Integrated Technologies Lt19.99%
Royale Manor Hotels & Indu19.29%
Oswal Green Tech Ltd18.38%

Losers Thursday

Akme Fintrade India-88.85%
Abhinav Leasing & Finance -20.00%
AA Plus Tradelink Ltd-19.44%
Garment Mantra Lifestlye L-12.00%
Shree Krishna Infrastructu-11.59%

Most traded Thursday

Avenue Supermarts Ltd2187.20
Infosys Ltd1095.44
Sangam Renewables Ltd.1088.61
Mazagon Dock Shipbuilders 872.58
ICICI Bank Ltd.834.58

Today's free analyses TBO Tek

 


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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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