Two Good Fundamental PSU Stocks at Breakout For the Year 2023

PFC @ 150
REC @ 120

Nifty and Sensex gained +0.5% each on strong economic data. GST collections rose 15% YoY to Rs 1.5 lakh cr and manufacturing activity hit a 2-year high of 57.8 in December! Midcaps (+0.9%) and Smallcaps (+0.7%) were also in full form. The market breadth was in favour of the bulls with over two stocks rising for every loser. 📈

Except for Pharma (-0.3%), all the other sectors closed in green. The Nifty Metals Index (+2.5%) hit a new all-time high. Check out their charts below. Real Estate and PSU Banks were up ~1% each. 🔥

Ashok Leyland bounced +3% after their Dec 2022 sales beat Street estimates. 🚛

Jindal Poly Films fell 4% after a fire broke out at its key Nashik manufacturing unit. 🚨

Zomato (+1%) said online food orders on new year’s eve rose +45% over the previous year. 🍔

JSW Group is in talks to manufacture electric cars, according to media reports. ⚡️

NCC won multiple new orders worth Rs 3,601 cr in December. 👍

Bandhan Bank will sell Rs 801 cr worth of stressed loans to an asset reconstruction company. 💸

PSU OIL Breaking

OMC'S TO GET 22K RUPEES COMPENSATION ON LOSSES FOR LPG SALE

-ET NOW

PFC New high 156.20
REC New high 122.75

Nifty and Sensex pulled back after opening lower to end with minor gains. Strong gains in global markets and a cool-off in oil prices aided bullish sentiment. Midcaps and Smallcaps also saw muted gains; +0.3% each. 👍

Sectoral gainers and losers were split evenly. IT (+0.8%) stocks had a rare green day. PSU Banks and Pharma also moved higher, +0.7% each. Metals (-0.5%) saw profit booking after yesterday’s big move. 💸

Zomato dropped over 4% intraday after yet another top-level executive left the company. 👀

Oil & gas stocks were under pressure after GOI increased the windfall tax on fuel exports by +24% to $25.38 per barrel. RIL, Manali Petrochemical and Chennai Petroleum were down 1%-2% each. 👎

M&M Financial was the top loser on NSE500. Global brokerage firm Jefferies sees a 20% downside from current levels. 🚨

Blue Star expects to control 15% of the room air conditioning market by FY25. 💪

Confidence Petroleum expects FY23 revenue to grow ~30%. The stock closed up 3%. 📊

PSP Projects hit a new all-time high after receiving a Rs 1,365 cr from Gujarat Govt. 🏗

Markets snapped their three-day losing streak. Nifty and Sensex rallied +1.4% on positive global cues. Midcaps (+1%) and Smallcaps (+0.6%) also inched higher. Nearly two stocks rose for every loser. 📈

It was a sea of green across the board. IT stocks (+2.8%) stood head & shoulder above the rest. Energy (+1.7%) and Metals (+1.4%) also witnessed healthy gains. 💪

Paytm gained +3% intraday on solid Q3 business update plus the appointment of a new head for its Payment bank. 💯

Vodafone (-5%) hit a new 52-week low. 🚨

PTC India was locked in a 5% upper circuit. Billionaire industrialist Gautam Adani is in talks to acquire the company, according to media reports. 💰

Asian Paints will invest Rs 2,000 cr to set up a new manufacturing unit in Madhya Pradesh. 🏭

IDBI Bank (+1%) hit a 15-month high. Emirates NBD, Fairfax and CVC Capital Partners expressed interest to acquire GOI’s stake. ✌️

JK Cement will buy a 60% stake in Acro Paints for Rs 153 cr. 🎨

PVR gained over 3% intraday after 2.9 cr shares (0.5% equity) changed hands in multiple block deals. 💸

Gensol Engineering (+2%) will manufacture electric vehicles (EVs). ⚡️

TCS Q3 result: Net profit rises 11% to Rs 10,883 crore, revenue up 19%

Abu Dhabi's IHC invests $400 million in Adani Enterprises FPO

Option Selling For Todays Expiry (Fin Nifty)

Sell Fin Nifty 17950 PE @ 18
Target 0

10 🔥🔥🔥

Adani Enterprises FPO 29% subscribed till 12 PM

Major Events in coming days :

1 Feb 2023 @ 11.30 am India Union Budget

2 Feb 2023 @ 00.30 am US FED interest rate decision.

8 Feb 2023 @ 10.00 am RBI monetary policy

7.35 🔥

6

5

2.85

Made ₹720 per lot