Big Movers on D-St: What should investors do with Apar Industries, Indian Hotels, and Sona BLW Precision?

Sectorally, buying was seen in FMCG, IT, and Metals while selling was visible in Public Sector, Telecom, and Oil & Gas stocks.

Stocks that were in focus include names like

which was up nearly 15%, which gained more than 8%, and which closed with gains of more than 1%.

Here’s what Naveen Mishra, Senior Research Analyst – Equity Research at CapitalVia Global Research Ltd recommends investors should do with these stocks when the market resumes trading today:

Apar Industries: Buy
Apar Industries stock rose 18% during Wednesday’s trading session, continuing its previous day’s gains after the company reported a 210% increase in its consolidated profit after tax to Rs 170 crore in the December quarter.

In the last 2 trading sessions, the stock is up more than 40% and hit a fresh all-time high of 1999.90. In the current financial year, Apar Industries has risen more than 200% which is phenomenal.

Now it is consolidating near the psychological resistance level of 2000; if it breaks it and manages to sustain above it, then further upside movement can be seen.Indian Hotels: Buy on Dips
Price of Indian Hotels stock increased more than 8% to 330.45 on the NSE after the company revealed its third quarter result showing profit higher than anticipated.

In the third quarter that concluded in December 2022, the company’s consolidated net profit increased by four times, to Rs 403.56 crore.

Also finance minister’s special mention on the tourism industry that “the tourism promotion in India will be taken up on a large scale” the sector has taken it positively.

Overall, the stock is in an uptrend and is looking further bullish. Traders can look to buy the stock on dips.

Ltd: Buy
Sona BLW Precision Forgings specializes in automobile technologies. The business specializes in the development, production, and distribution of engineered automotive systems and components.

In December 2022, net sales were Rs 684.96 crore, up 38.61% from Rs 494.15 crore in December 2021. Technically it is making a formation of a falling wedge in the weekly chart which is a bullish indication.

On the upside, 470 is the nearest resistance level, and if it manages to sustain above it, then further upside movement can be seen. On the lower side, the level of 400 can act as a support level.

(Disclaimer: Recommendations, suggestions, views and opinions given by experts are their own. These do not represent the views of Economic Times)