Meanwhile, for Eternal, HDFC Securities said it continues to “lap-up on peers” across segments, prompting the brokerage to upgrade its rating on the stock.
From the pharma space, the market expert liked Aurobindo Pharma Ltd and Lupin Ltd at current levels.
Despite the recent market fall, Waaree Energies and Premier Energies delivered returns of 17 per cent and 27 per cent, respectively, over the past one month.
Suzlon, Waaree: Domestic brokerage firm Centrum Broking has initiated coverage on select renewable energy players as India's power sector is entering a strong demand cycle.
The multibagger stock has gained 296.71% in three years and risen 572% in five years.
The stock has been on a run, gaining nearly 13.71% over a one-year period. In the last overnight session on the Nasdaq Composite, the counter jumped 2.90% to settle at $253.79.
The rise in aviation stocks comes even as aviation turbine fuel (ATF), or jet fuel, prices have surged sharply, tracking the spike in global crude oil prices amid the escalating conflict in West Asia.
Wednesday's gains brought much-needed respite to domestic benchmarks, which fell over 10 per cent in March, as foreign investors dumped Rs 1,17,775 crore worth shares and rupee tumbled to fresh lows.
Among Sensex constituents, Trent gained 5.93% to Rs 3489.95. Bharat Electronics (BEL) jumped 4.26%.
SMIFS said that Waaree Energies is showing a strong reversal, followed by consolidation and the formation of higher highs and higher lows confirms trend strength.
"Orders received include mountain radars from MoD, Avionics package for LCA from HAL, major export order for communication equipment, electronic fuzes, strategic components, upgrades, spares, services etc," the defence PSU stated.
Master Capital Services has shared eight F&O trading ideas with investors, which includes four long and four short trading views with entry levels, targets, stop loss and margins required.
Management also aims to push the revenue contribution from these food and digital-first brands to roughly 33% of its total domestic revenue, up from the current 25%, it noted.
Nifty April F&O series outlook: Nuvama said while headline risks could still drive intermittent volatility, the risk-reward now appears favourably skewed for the bulls for a tactical bounce.
Nifty futures on the NSE International Exchange were 376.80 points, or 1.68 per cent, up at 22,803, hinting at a positive start for the domestic market on Wednesday.
IREDA stock ended 4.46% lower at Rs 109.20 in the previous session. Market cap of the renewable energy stock stood at Rs 30,676 crore.
Stocks like Bharti Airtel, IndiGo, NPTC Green, IREDA, RailTel Corp, Hindustan Copper, Cipla, Lupin, Granules, Nazara Tech, autos and more will be in the spotlight on Wednesday, April 1.
Ashika said Mazagon Dock, with its proven capabilities in submarines and complex warships, stands to benefit from high-value, technologically intensive programmes.
The NSE benchmark Nifty fell over 10 per cent for March. Only four out of 50 index constituents, survived market selloff and delivered positive returns for the month.
ITC share price correction: ITC shares are nearing the oversold zone on charts with their RSI standing at 30.7 mark. An RSI below 30 signals a stock is oversold on charts.
In the smallcap space, a total of 793 stocks ended the financial year in the red, while 301 managed to stay in the green.
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