Stocks to watch on June 13, 2023: Concor, SpiceJet, Jindal Saw, others

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Designed by: Mohsin Shaikh

Benchmark indices ended higher in the previous session. BSE Sensex settled 0.16% higher at 62,724.71, while NSE's Nifty50 gained 0.21% to end the session at 18,601.50. Markets are likely to remain range-bound in the near-term

Market trend positive

Today, market would react to the US inflation data along with India’s inflation and IIP numbers. Investors are keenly awaiting central banks’ viz US Fed, ECB and BoJ interest rate decisions this week where they are expected to take a pause. Concor, SpiceJet, Jindal Saw are among stocks to watch on Tuesday

Stocks to watch on
June 13, 2023

Shares of LKP Securities will turn ex-dividend on Tuesday, June 13, 2023. The company had announced a final dividend of Rs 0.1 per share

LKP Securities shares

The disinvestment of Container Corporation of India has been derailed on account of internal differences over the proposed move. “The process has been derailed as the Railways Ministry has reservations about bringing on board a strategic investor into the company," a government official said

Concor shares

The National Company Law Tribunal on Monday scheduled the next hearing of aircraft lessor Wilmington's plea against SpiceJet on June 16, 2023. Wilmington had moved the NCLT to start insolvency proceedings against SpiceJet

SpiceJet shares

Shares of Jindal Saw will trade ex-dividend on Tuesday, June 13, 2023. The company had announced a dividend of Rs 3 per equity share

Jindal Saw shares

Shares of Jindal Saw will trade ex-dividend on Tuesday, June 13, 2023. The company had announced a dividend of Rs 3 per equity share

Jindal Saw shares

“Nifty formed an inside day pattern after a two-day fall, suggesting possibility of a minor upside reversal. 18,665 could be the next resistance for Nifty in the near term while 18,531 remains a good support,” said Deepak Jasani, Head of Retail Research, HDFC Securities

Nifty technical view

“Bank Nifty index has closed in the negative for the third consecutive day. It is trading around the lower end of the rising channel and also the 20-day moving average (43,980). We expect the Bank Nifty to hold on to this support and resume its upmove. The short-term target is placed at 44,500,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas

Bank Nifty technical view

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