Last close: 314
AMBUJACEM reported strong earnings on yesterday post market hours
The company reported sharply higher standalone profit at Rs 664 crore Vs Rs 399 crore in Q4Fy20
Revenue spiked to Rs 3621 crore from Rs 2827 crore YoY
Stock if sustained above 315 will try to move next resistance 324 and 330
Above 330…… We see more strength!!
But…..Note this point : ACC was declared strong earnings on last week and stock opened gap up (Rs 100+) then slipped (more than Rs 150) and closed 3% down
Steel stocks looks very hot after China cut the tax
Tatasteel, Jswsteel, Sail and JSPL already moved more than 40-50% in last 2 months
Avoid fresh buying and better to wait some correction!!
Last close: 519.40
SUNTV spiked more than 3% on yesterday and climbed 10% from past 4 sessions
Exit polls came and all predictors assumed DMK will get power in TN
Major beneficiary stock SUNTV……….
Do you know ? Last week I tweet and recommended to my clients to buy around 480 for positional Target 550+
Today’s guess stock
Stock trading strong breakout at 550
If breaks and manages above the level
Expecting further rally
Which stock ? Guess
Updated: 08.31 am / 30th April 2021