The Top Gainers Stock for Today Are Welspun Corp, BEML
On 06 April, the analysts found that the BSE Capital Goods index was trading 1.92 per cent up at 18,914. The capital goods index were trading up at around 12:30 pm with shares of Welspun Corp and BEML as top gainers. Apart from these two shares, there are others shares as well, which were among the gainers in the index. Some of them are Larsen & Toubro, Reliance Naval and Engineering, Suzlon Energy, BHEL, Havells India, Mahindra CIE Automotive, NBCC, Sadbhav Engineering, Finolex Cables and ABB India.
On the other hand, the shares those were in the red in the index were Graphite India, Kalpataru Power Transmissions, and AIA Engineering. During the same time, these shares were found among the list of top losers in the index.
By tracking positive global cues, equity benchmarks were found firm. It was seen that the buying across sectors were keeping the bourses up. On Friday, the BSE Sensex was up 449 points at 33,468. However, the NSE Nifty50 index was up 146 points at 10,274. Out of 30 shares, 29 stocks were trading with gains and remaining 1 stock was a little down. This was Bharti Airtel stock.
It is recommended by the technical analysts to buy Jindal Steel & Power today. You can keep the target price of Rs 335. At present, the market price of Jindal Steel & Power is Rs 234.10. Analysts gave the time period of one year when Jindal Steel & Power price can reach the defined target. The company was incorporated in the year 1979. It is a Large Cap company operating in the Iron and Steel sector. The company holds a market cap of Rs 21,246.42 crore.
It was found that the last quarter EBITDA for the company was positive. However, there was a net loss of around 300 crores. The experts have a sense that company is going to report the highest ever production in the history of the company for March quarter. On the other hand, some analysts also expect that highest ever EBITDA and highest ever turnover for the company will be seen in the March quarter.
For, the quarter of March, PAT for the company may be around 400-500 crore according to some analysts.