Despite recent declines, these businesses continue to maintain strong profitability metrics and sectoral leadership, making them attractive for value-oriented investors who are patient and selective.
An analyst from Master Capital said that PI Industries is showing strong bullish momentum, trading above its 20, 50, and 200-day EMAs in a higher high–higher low structure.
PI Industries (43 per cent of revenues), Vinati Organics (20 per cent), Clean Science (17 per cent), Navin Fluorine (14 per cent) and Aarti Industries (11 per cent) derive considerable revenues from the US geography.
Share price targets: The brokerage suggested a target price of Rs 4,800 for PI Industries and Rs 4,250 for Navin. It suggested price target of Rs 615 for Aarti Industries and Rs 3,000 or Gujarat Fluorochemicals.
PI Industries has invested to diversify in pharma business and is looking at closing other M&As and capex opportunities, said analysts.
NMDC stock is exhibiting a strong uptrend, forming higher high-low on the daily chart. The stock is trading above key moving averages and the RSI is showing a bullish crossover.
IRCTC, Adani Wilmar, UPL, PI Industries, Bosch and Hero MotoCorp are among largecap companies that are likely to categorised as midcaps, suggested the study by Abhilash Pagaria, Head, Nuvama Alternative and Quantitative Research.
Top stocks of the week: India’s benchmark indices ended lower for the second consecutive session on August 25 as investors waited for the US Federal Reserve chair’s speech at the annual Jackson Hole conference later in the day for rate cues.. Check top stocks of the week.
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Stocks to watch on August 9, 2023: Indian stock market is likely to consolidate, while Interest sensitive sectors are likely to be in focus in near-term. Tata Power, Coal India, Adani Ports, ICICI Bank, IRCTC, Bharat Forge are among stocks to watch on Wednesday.
IMD: Prabhudas Lilladher has been cautious on the agrichemical sector but factored in a revenue growth of 9.7 per cent YoY in FY24 against 8.7 per cent compounded annually over FY14-16. To recall, FY15 and FY16 witnessed deficit rainfall.





