More than 300 Chinese workers have left Foxconn's Indian iPhone assembly plants over the past two months
Domestic brokerage firm SMIFS has suggested three stocks- Reliance Industries, Engineers India and Mangalore Refinery and Petrochemicals- to bet amid the scarce opportunities.
EIL shares jumped 4.53 per cent to hit a day high of Rs 173.95. The stock was last seen trading 0.78 per cent up at Rs 167.70. At this price, it has slipped 8.98 per cent on a year-to-date (YTD) basis.
Engineers India share price: EIL rose 2.48 per cent to hit a high of Rs 163. The scrip was last seen trading 1.54 per cent up at Rs 161.50. At this value, it has slipped 12.35 per cent on a year-to-date (YTD) basis.
EIL share price: On technical setup, the counter traded lower than the 5-day, 10-, 20-, 30-, 50-, 100-, 150-day and 200-day simple moving averages (SMAs). The stock's 14-day relative strength index (RSI) came at 38.19.
The IPO of Deepak Builders & Engineers India was open for bidding between October 21-23, which offered its shares in the price band of Rs 192-203 per share with a lot size of 73 shares.
The latest round of profit booking at Dalal Street has not only wiped out more than Rs 20 lakh crore from the investors' pockets, but also pushed 25 stocks of the BSE500 index into the bear grip in a month.
An analyst from Anand Rathi said that Berger Paints has shown signs of stabilizing and potentially reversing its downtrend, as indicated by technical patterns like the Bullish Bat and bullish divergence.
Engineers India share price: The multibagger scrip has rallied over 161 per cent in the past one year. On BSE, the stock saw heavy trading volume during the previous session.
Can Fin Homes breached the 'symmetrical triangular' pattern at the Rs 816 level on the weekly chart, indicating the initiation of an uptrend after seven months of consolidation.
ICICI Bank is now showing signs of a revival after undergoing through a shallow correction in July, where the prices declined from the high of Rs 1,008 to all the way down to Rs 899.





